## **CHARITY NUMBER 1131394**
**COMPANY NUMBER 6715405**
## **UNAUDITED FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 OCTOBER 2024**
## **FOR**
**APOSTOLIC FAITH MISSION INTERNATIONAL (GILGAL)**
## **APOSTOLIC FAITH MISSION INTERNATIONAL (GILGAL)**
## **(A Company Limited by Guarantee)**
|**Contents**|**Page**|
|---|---|
|Charity and Company Information|1|
|Trustee Reports|2-3|
|Independent Examiner's Report|4|
|Statement of Financial Activities|5|
|Balance Sheet|6|
|Notes to the Financial Statements|7,8 & 9|
## **APOSTOLIC FAITH MISSION INTERNATIONAL (GILGAL)**
## **(A Company Limited by Guarantee)**
## **Legal and administrative Information**
**Charity Number 1131394 Registered Office 33 Tristram Road Bromley BR1 5LX**
## **Trustees**
**Henewaa Twene Apostle Dr. Degraft Osei Kwame Nana Yaw Adade-Mayer**
## **Accountants**
**The Blessing & Contract Ltd 16 Leonard Road London SW16 5TA**
## **Financial Statements for the year ended 31 October 2024**
## **Company Number 6715405 (England and Wales)**
Page 1
## **Apostolic Faith Mission International (Gilgal)**
## **(A company limited by guarantee)**
## **Report of the trustees (incorporating the directors’ report) for the year ended 31 October 2024**
The trustees present their report and the financial statements for the year ended 31 October 2024. The trustees, who are also directors of Apostolic Faith Mission International (Gilgal) for the purposes of company law and who served during the year and up to the date of this report are set out on page Structure, governance and management.
## **Objectives and activities**
To advance the Christian Faith in accordance with the statement of beliefs in such ways and in such parts of the United Kingdom or the world as the trustees from time to time may think fit, to relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, goods or services of any kind, including through the provision of counselling and support in such parts of the United Kingdom or the world as the trustees from time to time may think fit. To advance education in such ways and in such parts of the United Kingdom or the world as the trustees from time to time may think fit The trustees must use the income and may use the capital of the church in promoting objects
## **Statement of trustees’ responsibilities**
The trustees (who are also directors of Apostolic Faith Mission International (Gilgal) for the purpose of company law) are responsible for the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and the incoming resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to:
- Select suitable accounting policies and them consistently;
- Observe the methods and principles in the charities SORP;
Make judgements and estimates that are reasonable and prudent state whether UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and Prepare the financial statements on the going concern basis unless it is inappropriate to presume the charitable company will continue in operation.
Page 2
## **Apostolic Faith Mission International (Gilgal)**
## **(A company limited with guarantee)**
**Report of the trustees’ (incorporating the directors’ report) for the year ended 31 October 2024**
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and which enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Small company provisions**
This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.
On behalf of the board
## **Hanewaa Twene**
**Secretary - Trustee**
Page 3
## **Apostolic Faith Mission International (Gilgal) (A company limited by guarantee)**
## **Independent examiner’s report to the trustees on the unaudited financial statements of Apostolic Faith Mission International (Gilgal)**
I report on the accounts of Apostolic Faith Mission International (Gilgal) for the year ended 31 October 2024 set out on pages 2 to 9.
## **Respective responsibilities of trustees and independent examiner**
The charity’s trustees (who are also the directors of the company for purposes of company law) are responsible for the preparation of the accounts.The trustees consider that an audit is not required for this year under section 43(2) of the Charities Act 1993 (the Act), as amended by section 28 of the Charities Act 2006 and that an independent examination is needed. It is my responsibility to examine the accounts under section 43(3)(a) of the Act, as amended; and to state whether particular have come to my attention.
## **Basis of independent examiner’s statement**
The examination was carried out in accordance with the General Directors given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any matters. The procedures undertaken do not provide all the evidence that would e required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
## **Independent examiner’s statement**
In connection with my examination, no matter has come to my attention:
(i) Which gives me reasonable cause to believe that in any material respect the requirements:
To keep proper accounting records I accordance with section 386 of the Companies Act 2006; and
To prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the statement of Recommended Practise: Accounting and Reporting by charities, have not been met; or
(ii) To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
**The Blessing & Contract Ltd Independent examiner**
Page 4
## **Apostolic Faith Mission International (Gilgal)**
## **(A Company Limited by Guarantee)**
**Statement of Financial activities ( Incorporating the Income and Expenditure accounts ) For the year ended 31 October 2024**
|**Unrestricted**
**funds**
**Notes**
**£**
**Incoming Resources**
Incoming resources from generating funds
**2**
31099
Bank Interest received
1710
**Total Incoming Resources**
32809
**Resources Expended**
Travel Expenses
825
Motor Expenses
2463
Accountancy fees
730
Loan Repayment
0
Student support - member support
2000
Administration expenss
3000
Conference
1500
Refreshments & Entertainment
0
Depreciation and impairment
5749
Voluntary Expenses
1850
Rental of Premises
2080
Insurance
100
Telephone & Internet
602
Members welfare
1840
TV & Radio Evangelism
2655
Staff Salaries and Pension
5681
Charity Donation
200
Training
1440
Payroll and pension services
140
HMRC
0
**Total resources expended**
32855
**Net incoming/(outgoing) resources**
**3**
**for the year**
**Net income / ( expenses )**
-46
**Total funds brought forward**
55588
**Total funds carried forward**
55542|**2024**
**£**
31099
1710
32809
825
2463
730
0
2000
3000
1500
0
5749
1850
2080
100
602
1840
2655
5681
200
1440
140
0
32855
-46
55588
55542|**2023**
**£**
37512|
|---|---|---|
|||37512|
|||500
2516
650
0
250
4600
0
1332
5739
2613
1720
1324
500
1465
6106
0
0
0
200|
|||29515|
|||7997
47591|
|||55588|
Page 5
## **Apostolic Faith Mission International (Gilgal)**
**(A company limited by guarantee) Balance Sheet as at 31 October 2024**
|**Notes**
**Fixed Assets**
Tangible assets
**5**
**Current Assets**
Debtors
**6**
Cash at bank and in hand
**Creditors: amount falling**
**due within one year**
**7**
**Net Current Assets/(Liabilities)**
**Efficiency/Deficiency of assets**
**Funds**
Unrestricted Income funds
**Total Funds**|**£**
175
45,032
45,208
-2,937|**2024**
**£**
13,271
42,271
55,542
55,542
55,542|**£**
175
42,477|**2023**
**£**
17,836
37,752|
|---|---|---|---|---|
||||42,652
-4,900||
||||||
|||||55,588|
|||||55,588|
|||||55,588|
In approving these financial statements as trustees of the company we hereby confirm:
a) That for the year stated above the company was entitled to the exemption conferred by section 477 of the companies Act 2006;
b) That no notice has been deposited at the registered office of the company pursuant to section 476 of the companies Act 2006 requesting that an audit be conducted for the year ended 31 October 2024
c) That we acknowledge our responsibilities for:
(1) Ensuring that the company keeps proper accounting records which comply with section 386 of the Companies Act 2006,and
(2) Preparing financial statements which gave a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the year then ended in accordance with the requirements of sections 394 and 395, and which otherwise comply with the provisions of the Companies Act relating to financial statements so far as applicable to the company. These financial statements are prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies and in accordance with the Financial Reporting Standard for smaller Entities (effective April 2008). The Financial Statements were approved by the Board on 27/07/2025, and signed on its behalf by
## **Henewaa Twene**
**Secretary - Trustee**
**The notes on page 7 to 9 form an integral Part of these financial statements**
Page 6
## **The Apostolic Faith Mission International (Gilgal)**
## **(A Company limited by Guarantee)**
**Notes to the financial Statements for the year ended 31 October 2024**
## **1. Accounting Policies**
The principal Accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and the preceding year.
## **1.1. Basis of Accounting**
The financial statements are prepared under the historical cost convention and in accordance with the financial Reporting Standard for Smaller Entities ( effective April., 2008), the Statement of Recommended Practice “Accounting and Reporting by Charities’ issued in march 2008 (SORP’ 2005) AND THE Companies Act 2006.
## **1.2. Incoming Resources**
All incoming Resources are included in the statement of the financial activities when the Charity is entitled to the income and the amount can be quantified with reasonable accuracy.
The following specific policies are applied to particular categories of income
Voluntary income is received is received by way of Grants, donation, and gifts and is included in full the statement of financial activities when receivables, Grants where an entitlement is not conditional on the delivery of a specific performance by the charity are recognised when the charity becomes conditionally entitled to the grant.
Donated services and facilities are included at the value to the charity where this can be quantified.
The value of services provided by volunteers has not been included. Gifts donated are included in the income resources within activities for generating funds when they are sold.
## **1.3. Resources Expanded**
Expenditure is recognized on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the Expenditure to which it relates. Costs of generating funds comprise the costs associated with attracting voluntary income and the cost of trading for fundraising purposes including the charity’s shop. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those cost of an indirect nature necessary to support them.Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of of the charitable activities.
## **1.4. Tangible fixed assets and depreciation**
Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows.
Fixtures, fittings and equipment – 20% reducing balance Motor Vehicles – 25% reducing balance
Page 7
## **Apostolic Faith Mission International (Gilgal)**
## **(A company limited by guarantee)**
## **Notes for Financial statements**
**for year ended 31 October 2024**
|**2**
**Voluntary Income:**
**Unrestricted Funds**
**2024**
**£**
Tithes, Offering and Donations
32809
32809
**3**
**Net Incoming Resources for the year:**
**2024**
**£**
Net Incoming resources is stated after
charging and other amount written -
55542
depreciation Off Tangible fixed assets
55542|**2023**
**£**
37512|
|---|---|
||37512|
||**2023**
**£**
55588|
||55588|
## **4 Taxation:**
The Charity's activities falls within the exemptions afforded by the Provision of the income and corporation.
Taxes Act 1988. Accordingly, there is no taxation charge in this accounts
## **5 Tangible Fixed Assets:**
|**2024**
**2024**
**Motor**
**Fixitures & fitings**
**Vehicles**
**Equipments**
**£**
**£**
**Cost**
At 1 November 2023
20000
38128
Additions
0
170
At 31 October 2024
20000
38298
**Depreciation**
At 1 November 2023
5000
34278
Charge for the Year
5000
749
At 31 October 2024
10000
35027
**Net Book Value**
At 31 October 2024
10000
3271
At 31 October 2023
15000
3575|**2024**
**2023**
**Total**
**Total**
**Fixed Assets Fixed Assets**
**£**
**£**
58128
38008
170
20120
58298
**58128**
39278
33539
5749
5739
45027
**39278**
13271
17836
18575
**3575**|
|---|---|
Page 8
## **Apostolic Faith Mission International (Gilgal)**
## **(A company limited by guarantee)**
## **Notes for Financial statements**
## **for year ended 31 October 2024**
|**6**
**Debtors**
Other Debtors - Loan to members
**7**
**Creditors: Amount falling due**
**within 1 year**
Bank Overdraft
Loan from Church Members
Trade Creditors
Loan to Church Members
Other Creditors - staff Salaries
Accruals and Deferred Income|**2024**
**£**
0
175
175
**2024**
**£**
0
2402
0
0
535
0
2937|**2023**
**£**
0
175|
|---|---|---|
|||175|
|||**2023**
**£**
0
4900
0
0
0
0|
|||4900|
8
## **Company Limited by Guarantee**
Apostolic Faith Mission International (Gilgal) is a company limited by guarantee and accordingly does not have a share capital.
Every member of the company undertakes to contribute such amount as may be required not exceeding £1 to the assets of the charitable company in the event of its being wound up while he or she is a member, or within one year after he or she ceases to be a member.
Page 9