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2024-03-31-accounts

Apostolic Faith Mission IM (UK) - Stoke on Trent Assembly

Registered Charity Number: 1140817

Annual Report and Financial Statements

31 March 2024

Apostolic Faith Mission IM (UK) Stoke on Trent Assembly

CONTENTS

Page
Administrative details 3
Trustees’ Report 4 - 7
Independent Examiner’s report 8
Statement of Financial Activities 9
Balance Sheet 10
Accounting Policies 11 - 12
Notes to the Financial Statements 13 - 16

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AFMIM UK Stoke on Trent Assembly

Apostolic Faith Mission IM (UK) Stoke on Trent Trustees hereby present their annual report for the year ending 31 March 2024 under the charity Act 2016, together with the annual accounts for the period and confirm that the later comply with the requirements of the charities Act & the Trust Deed (GD2)

Charity Name : AFM IM (UK) Stoke on Trent Assembly

Registered Charity number : 1140817

Charity's Principal Address:

Structure, Governance & Management

Names of the Charity Trustees who manage the Charity:

C Nhindiri Chairperson
D Mhizha Secretary
W Savanhu Committee member

Church Main board

Church Mainboard
T A Zinyongo Chairperson (Pastor)
C Nhindiri Vice Chairperson
D Mhizha Secretary
W Savanhu Treasurer
O Vukomba Committee Member
S Mutarah Committee Member
E Nhindiri Committee Member

Description of the charity 's trusts

Description of the charity 's trusts
Governing Document Trust Deed, Constitution
Constituted BOT & Church Main Board
Trustee Selection Methods Appointment/Election

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AFMIM UK Stoke on Trent Assembly

Registered Charity Number: 1140817

Trustees and Professional Advisors

Principal Office

26 Tomfields Wood Lane Stoke On Trent ST7 8PJ

Trustees

Mr C Nhindiri Mrs D Mhizha Mr W Savanhu

Bankers

NatWest 250 Bishopsgate London EC2M 4AA

Independent Examiners

Notion Accountancy Ltd 23 Lilleshall Road Birmingham B26 2QN

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AFMIM UK Stoke on Trent Assembly

Trustees Report

Apostolic Faith Mission - Stoke on Trent for the year ended 31 March 2024

It is with heartfelt gratitude that I present this report on behalf of the Board of Trustees for Apostolic Faith Mission -Stoke on Trent. Over the past year, we have experienced God's sustaining grace, which has enabled us to remain strong and focused on our mission of spreading the Gospel and serving our community. Our theme for the year, "The Year of Supernatural Restoration, Elevation, and Multiplication", has provided direction and encouragement as we sought God's guidance in every aspect of our ministry.

While challenges persisted throughout the year, including the impact of previous restrictions and stagnant church growth, our leaders, volunteers, and members have shown unwavering commitment to ensuring that the church remains vibrant and welcoming to all.

Spiritual Growth and Fellowship

The church has maintained its spiritual growth through consistent gatherings and various ministry activities. Our Sunday services, prayer meetings, Bible study sessions, and cell groups have played a key role in nurturing the faith of our members and fostering a sense of belonging. These gatherings have provided opportunities for believers to grow in the Word, pray together, and support one another in both spiritual and practical matters.

We remain deeply grateful for the dedicated work of all church departments, including the Children's Ministry, Youth Ministry, Men's Fellowship, and Ladies' Fellowship, which continue to meet the diverse needs of our members. Each of these ministries plays a crucial role in ensuring that the church is a place where individuals and families can grow in their faith and find encouragement.

Ongoing Efforts

One of the significant aspirations of the assembly remains the acquisition of a permanent place of worship. We are committed to exploring other viable options as we trust in God's perfect timing. In the meantime, we continue to utilize our current facilities to provide a welcoming space for worship, prayer, and fellowship.

Achievements and Collaboration

Throughout the year, we have aligned ourselves with the broader vision of Apostolic Faith Mission lnt'I Ministries (UK) by participating in regional and national programs, conferences, and events. These collaborations have strengthened our relationships with other AFM assemblies and enhanced the spiritual lives of our members.

We are also thankful for the exceptional work done by various departments, including the Praise and Worship Team, Ushering and Information, Hospitality and Decorations Team, and the Church Board, who ensure that each service is well-organized and spiritually enriching. Their dedication has been instrumental in ensuring that the church runs smoothly.

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AFMIM UK Stoke on Trent Assembly

Risk Management

The trustees have reviewed the major risks facing the charity and have implemented appropriate policies and procedures to mitigate those risks. Key risks include financial sustainability, safeguarding, and compliance with regulatory requirements.

Plans for the Future

Looking forward, the trustees plan to: Expand community outreach programs, particularly targeting youth and families in need. Enhance facilities to better serve the growing congregation. Continue developing partnerships with other local organizations.

Statement of Trustees' Responsibilities

The trustees are responsible for preparing the report and financial statements in accordance with applicable law and United Kingdom Accounting Standards. They are also responsible for safeguarding the charity's assets and ensuring proper financial management.

Appreciation

As Chairman of the Board of Trustees, I would like to express my sincere gratitude to my fellow trustees, the Church Board, and our Resident Pastor, Pastor Alexander Zinyongo, for their excellent leadership and dedication. Your commitment to God's work and the welfare of our congregation is truly inspiring. Members of The Main Church Board were as follows:

Pastor A Zinyongo Board Chairman Mr C Nhindiri Vice Chairperson Mrs D Mhizha Secretary Mr W Savanhu Treasurer Mr O Vukomba Board Member (Director of Projects) Mrs S Mutara Board Member (Welfare) Mr E Nhindiri Board Member (Youth Fellowship Leader)

A special thank you goes to all our volunteers, who give their time and energy to serve in various capacities. Whether seen or unseen, your efforts are making a lasting impact on the lives of many. To our congregation, thank you for your continued faithfulness, prayers, and support, which enable us to keep moving forward as a church family.

Registered Office Address:

26 Tomfields Wood Lane Stoke-On-Trent ST7 8PJ

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AFMIM UK Stoke on Trent Assembly

Looking Ahead

As we look forward to the coming year, we do so with a sense of hope and expectation. Our vision is to strengthen our ministries, expand our outreach, and continue fostering a spirit of unity and service. We trust in God's guidance as we work together to achieve these goals and remain committed to making a positive impact on the lives of our members and the wider community

Conclusion

In conclusion, let us be encouraged by the words of the Apostle Paul in Galatians 6:9: "And let us not grow weary while doing good, for in due season we shall reap if we do not lose heart."

May we continue to serve faithfully, 'knowing that God's promises are true, and His blessings are sure. Together, we will move forward in faith, trusting that the best is yet to come.

Thank you, and may God bless you abundantly.

Signed -

Elder Charles Nhindiri

Chairman Board of Trustees

Date - 05/01/2025

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AFMIM UK Stoke on Trent Assembly

Independent Examiner's Report

The Management and Board of Trustees of Apostolic Faith Mission IM (UK) Stoke on Trent Assembly, who are registered as a charity Registration 1140817, appointed me to independently examine their trustees' report, financial reports and the accompanying notes.

Responsibilities of Management and Board of Trustees

My Responsibility

To carry out procedures such as analytical reviews, comparing the published reports to the financial records kept by the charity and enquiring from those tasked with the governance of the charity any matters that need clarity.

I also considered the disclosures of material facts in the financial reports and the going concern of the charity.

The nature and extent of my examination did not provide appropriate and adequate audit evidence and therefore no audit opinion is provided in this report.

Independent Examiner's statement

ln the course of my examination, no matters came to my attention which give me reasonable cause to believe that in any material respect the requirements:

03/01/2025

Ranganai Kwangware FCCA BA(Hon) Acc On Behalf of Notion Accountancy Ltd

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AFMIM UK Stoke on Trent Assembly

Apostolic Faith Mission IM (UK) - Stoke on Trent Assembly Statement of Financial Statement

For the year ended 31 March 2024

Notes 2024
2024
Unrestricted
Restricted
£
£		 2024
Total
£
43,368
43,368
6,820
16,780
8,461
200
32,262

11,106
-

11,106
17,449

28,555		 2023
Total
£
Incoming resources
Incoming resources from generated funds
voluntary income
2
Total incoming resources
Resources expended
Charitable activities
Church running costs
5
Spiritual leadership costs
6
Community building
7
Governance costs
9
Total resources expended
Net (Outgoing)/Incoming Resources funds Before transfers
Transfers
Gross transfers between funds
Net movement in funds
Reconciliation of Funds:
Total funds brought forward
Total funds carried forward		 43,368
-		 18,637
43,368
-		 16,485
6,820
16,780
8,461
200		 6,556
6,169
4,192
-
32,262
-		 13,151
11,106 -
-		 3,334
-
11,106 - 3,334
17,449 - 14,115
28,555 - 17,449

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AFMIM UK Stoke on Trent Assembly

Apostolic Faith Mission IM (UK) - Stoke on Trent Assembly Balance Sheet as at 31 March 2024

Notes 2024
£		 2023
£
Fixed assets
Tangible assets
10
Instruments
Current assets
Debtors
11
Cash in hand and at bank
12
Creditors: Amount falling due within one year
13
Net current assets
Total assets less current liabilities
Net assets
Total charity funds
Unrestricted funds
Restricted funds		 1,381
1,381
7,066
22,078
29,144
1,970
27,174
28,555
28,555
28,555
-
28,555		 601
601
670
16,178
16,848
0
16,848
17,449
17,449
17,449
-
17,449

For the year ended 31 March 2024 the charity was entitled to exemption from audit under Sec 477 of the Companies Act 2006 relating to small companies.

• The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with Sec 476.

• The Trustees acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and preparation of Accounts. These Accounts have been prepared in accordance with the provisions applicable to companies subject to the Small Companies regime.

The financial statements were approved and authorised for distribution by the Board on 05 January 2025

and signed on its behalf by Chairman Elder Charles Nhindiri Signature

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AFMIM UK Stoke on Trent Assembly

Apostolic Faith Mission IM (UK) - Stoke on Trent Assembly

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 March 2024

1. ACCOUNTING POLICIES

The principal accounting policies, all of which have applied consistently throughout the year, are set out below.

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts have been prepared in accordance with:

• and with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014

The charity constitutes a public benefit entity as defined by FRS 102.

AFMIM UK Stoke on Trent Assembly is still in operation as a going concern

Unrestricted funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity. Restricted funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

Voluntary income, including donations, gifts and legacies and grants that provide core funding or are of a general nature, are recognised where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability.

Investment income is recognised on a receivable basis,

Income from charitable activities includes income recognised as earned (as the related goods or services are provided) under contract where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability.

1e. Resources expended

Expenditure is recognised when a liability is incurred. Funding provided through contractual agreements and performance related grants are recognised as goods or services supplied.

Other grant payments costs of generating funds are those costs incurred in attracting voluntary income, and those incurred in trading activities that raise funds.

Governance costs include those incurred in the governance of its assets and are primarily associated with constitutional and statutory requirements.

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, e.g., allocating office property costs by floor areas, management and human resources costs by the number of staff, and finance and IT costs by work done.

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AFMIM UK Stoke on Trent Assembly

The charity has not received any goods for use by the charity itself. The value of services provided by volunteers were not incorporated into these financial statements. Where services are provided to the charity as a donation that would normally be purchased from our suppliers this contribution is included in the financial statements at an estimate based on the value of the contribution to the charity.

1g. Tangible fixed assets and depreciation

Tangible assets are stated at cost and depreciated over their useful economic lives at the following rates:

Fixture and fittings 4 years Equipment 5 years Computers 3-4 years

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AFMIM UK Stoke on Trent Assembly

Apostolic Faith Mission IM (UK) - Stoke on Trent Assembly

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2024

2.
Voluntary income
Love offering
Gift Aid
Tithes
3.
Activities for generating funds
Conference fees
Fundraising
4.
Other Income
Other income
5.
Church running costs
Rent church lease
Depreciation of instruments
6.
Spiritual leadership costs
Pastors salaries
Conference Costs
Travel costs
Personage Allowance
Honorariums		 2024
Unrestricted
£		 2024
Restricted
£		 2024
Total
£
5,565
14,798
23,005
43,368
-
-
-
-
-
6,560
260
6,820
9,608
788
2,741
3,244
400
16,780		 2023
Total
£
5,565
14,798
23,005		 4,839
-
13,798
43,368 - 18,637
-
-		 -
-
- - -
- -
- - -
6,560
260		 6,503
53
6,820 - 6,556
9,608
788
2,741
3,244
400		 -
1,814
-
2,501
1,855
16,780 - 6,169

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AFMIM UK Stoke on Trent Assembly

Apostolic Faith Mission IM (UK) - Stoke on Trent Assembly

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2024

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2024
7. Community Building
Hospitality
House Keeping
Regional and National Contributions
Family Day
Training Costs
Donations - Welfare
Printing and Stationery
8. Other costs
Missions
Donations
9. Governance costs
Independent Examination
Legal and professional fees
Accountancy		 2024
Unrestricted
£		 2023
Unrestricted
£
1,398
-
5,100
470
200
880
413
8,461
-
-
-
200
-
-
200		 1,124
200
1,735
713
500
-
120
4,192
-
-
-
-
-
-
-

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AFMIM UK Stoke on Trent Assembly

Apostolic Faith Mission IM (UK) - Stoke on Trent Assembly

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 March 2024

TES TO THE FINANCIAL STATEMENTS
R THE YEAR ENDED 31 March 2024
10.
Tangible assets
Instruments
Cost:
at 1 April 2023
Additions
Disposals
Depreciation:
at 1 April 2023
Charge
Disposals
at 31 March 2024
Net book value:		 2024
Unrestricted
£		 2023
Unrestricted
£
3,432
1,040
-		 2,785
647
-
4,472 3,432
2,831
260
-		 2,778
53
-
3,091 2,831
1,381 601

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AFMIM UK Stoke on Trent Assembly

Apostolic Faith Mission IM (UK) - Stoke on Trent Assembly

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2024

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2024
11.
Debtors
Gift Aid
Other debtors
12.
Cash in hand and at bank
Cash at bank - Main Church
Cash in hand - Welfare Float
13.
Creditors : amounts falling due within one year
Trade creditors
Pension
PAYE & NI		 2024
Unrestricted
£		 2023
Unrestricted
£
7,066
-
7,066
21,578
500
22,078
200
0
1,770
1,970		 -
670
670
16,178
-
16,178
-
-
-
-

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AFMIM UK Stoke on Trent Assembly