2025-10-31-accounts - Apostolic Faith Mission International Gilgal

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

CHARITY NUMBER 1131394

COMPANY NUMBER 6715405

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2025

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

Registered Office

1131394 507 Bromley Road Bromley BR1 4PG

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 2025

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 2025

The trustees present their report and the financial statements for the year ended 31 October 2025. 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 2025

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 2025 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 2025

Unrestricted funds Notes £ Incoming Resources Incoming resources from generating funds 2 23484 Bank Interest received 2945 Total Incoming Resources 26429 Resources Expended Travel Expenses 850 Motor Expenses 1000 Accountancy fees 684 Loan Repayment 0 Student support 0 Administration expenss 2932 Conference 3388 Refreshments & Entertainment 500 Depreciation and impairment 6034 Voluntary Expenses 3000 Rental of Premises 2040 Insurance 2071 Telephone & Internet 566 Members welfare 805 TV & Radio Evangelism 878 Staff Salaries and Pension 8699 Charity Donation 0 Training 2330 Payroll and pension services 240 Software Subscriptions 152 HMRC 0 Total resources expended 36168 Net incoming/(outgoing) resources 3 for the year Net income / ( expenses ) -9739 Total funds brought forward 55542 Total funds carried forward 45803	2025 £ 23484 2945 26429 850 1000 684 0 0 2932 3388 500 6034 3000 2040 2071 566 805 878 8699 0 2330 240 152 0 36168 -9739 55542 45803	2024 £ 31099 1710
		32809
		825 2463 730 0 2000 3000 1500 0 5749 1850 2080 100 602 1840 2655 5681 200 1440 140 0 0
		32855
		-46 55588
		55542

Page 5

Apostolic Faith Mission International (Gilgal)

(A company limited by guarantee) Balance Sheet as at 31 October 2025

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	£ 42,446 42,446 -4,745	2025 £ 8,101 37,702 45,803 45,803 45,803	£ 175 45,032	2024 £ 13,271 42,271
			45,208 -2,937

				55,542
				5,542
				5,542

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 2025

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 23/07/2026, 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 2025

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 – 25% reducing balance Motor Vehicles – 25% Straight line

Page 7

Apostolic Faith Mission International (Gilgal)

(A company limited by guarantee)

Notes for Financial statements for year ended 31 October 2025

2 Voluntary Income: Unrestricted Funds Tithes, Offering and Donations 3 Net Incoming Resources for the year: Net Incoming resources is stated after charging and other amount written - depreciation Off Tangible fixed assets.	2025 £ 26429 26429 2025 £ 45803 45803	2024 £ 32809
		32809
		2024 £ 55542
		55542

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:

25% 20% 2025 2025 Motor Fixitures & fitings Vehicles Equipments £ £ Cost At 1 November 2024 20000 38298 Additions 0 864 At 31 October 2025 20000 39162 Depreciation At 1 November 2024 10000 35027 Charge for the Year 5000 1034 At 31 October 2025 15000 36061 Net Book Value At 31 October 2025 5000 3101 At 31 October 2024 10000 3575	25% 20% 2025 2025 Motor Fixitures & fitings Vehicles Equipments £ £ Cost At 1 November 2024 20000 38298 Additions 0 864 At 31 October 2025 20000 39162 Depreciation At 1 November 2024 10000 35027 Charge for the Year 5000 1034 At 31 October 2025 15000 36061 Net Book Value At 31 October 2025 5000 3101 At 31 October 2024 10000 3575	2025 Total Fixed Assets £ 58298 864 59162 45027 6034 51061 8101 13575	2024 Total Fixed Assets £ 58128 170
			58298
			39278 5749
			45027
			13271
	3575		18575

Page 8

Apostolic Faith Mission International (Gilgal)

(A company limited by guarantee)

Notes for Financial statements

for year ended 31 October 2025

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	2025 £ 0 0 0 2025 £ 0 2474 0 0 1194 1076 4745	2024 £ 0 175
		175
		2024 £ 0 2402 0 0 535 0
		2937

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