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2024-01-31-accounts

Registered Charity Number :- 1141381

ASSEMBLY OF GOD MINISTRY ALLIANCE a Charitable Incorporated Organisation

TRUSTEES’ REPORT AND

FINANCIAL STATEMENTS

FOR THE YEAR END 31 January 2024

ASSEMBLY OF GOD MINISTRY ALLIANCE 88 Thirlmere Gardens

Wembley aliancachurchuk@gmail.com

CONTENTS

ASSEMBLY OF GOD MINISTRY ALLIANCE

FOR THE YEAR ENDED 31 January 2024

TRUSTEES' REPORT ............................................................................................................................................ 3 INDEPENDENT EXAMINER'S REPORT ............................................................................................................ 4 STATEMENT OF FINANCIAL ACTIVITIES ...................................................................................................... 5 BALANCE SHEET ................................................................................................................................................. 6 NOTES TO THE FINANCIAL STATEMENTS .................................................................................................... 7

2

ASSEMBLY OF GOD MINISTRY ALLIANCE

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 January 2024

The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the financial statements for the charitable company for the year ended 31 January 2023. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit:

running a charity (PB2)'.

REFERENCE AND ADMINISTRATIVE INFORMATION

Name of Charity: ASSEMBLY OF GOD MINISTRY ALLIANCE

Charity registration number: 1141381

Principal address: 88 Thirlmere Gardens Wembley HA9 8RE

Trustees

The trustees and officers serving during the year and since the year end were as follows:

Joao Francisco Alves Rocha

Plinio Fabiano Ribeiro

Vander Lourenco

Independent examiners

SJPR Accountants Ltd 225 Capham Road London

SW9 9BE

............................................................................. Approved by the Board of Trustees and signed on its behalf by

3

ASSEMBLY OF GOD MINISTRY ALLIANCE

INDEPENDENT EXAMINER'S REPORT

FOR THE YEAR ENDED 31 January 2024

I report to the trustees on my examination of the accounts of the charitable company for the year ended 31 January 2024.

Responsibilities and basis of report

As the charity Trustees, who are also directors for the purposes of company law, are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiners statement

Since the Charitable company's gross income exceeded £250,000, your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination by virtue of my membership of which is one of the listed bodies.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

......................................................................... Sansao Rodrigues SJPR Accountants Ltd 225 Capham Road London SW9 9BE

4

ASSEMBLY OF GOD MINISTRY ALLIANCE

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 January 2024

Recommended categories by
activity
Notes
Income and endowments
from:
Donations and legacies
2
Investments
3
Total
Expenditure on:
Raising funds
4
Charitable activities
5
Other
7
Total
Net income/(expenditure)
Net movement in funds
Reconciliation of funds:
Total funds brought forward
Total funds carried forward		 Unrestricted funds
£
Total Funds 2024
£
Total Funds 2023
£
498,189.55
498,189.55
401,674.42
200.01
200.01
174.07
498,389.56
498,389.56
401,848.49
336,420.89
336,420.89
219,923.78
191,021.33
191,021.33
129,047.94
10,855.02
10,855.02
11,030.45
538,297.24
538,297.24
360,002.17
(39,907.68)
(39,907.68)
41,846.32
(39,907.68)
(39,907.68)
41,846.32
246,513.75
246,513.75
204,667.43
206,606.07
206,606.07
246,513.75

5

ASSEMBLY OF GOD MINISTRY ALLIANCE

BALANCE SHEET

FOR THE YEAR ENDED 31 January 2024

Recommended categories by
activity
Notes
Fixed assets
Tangible assets
8
Total fixed assets
Current assets
Debtors
9
Cash at bank and in hand
10
Total current assets
Creditors: amounts falling due
within one year
11
Net current
assets/(liabilities)
Total net assets or liabilities
Funds of the Charity
Unrestricted funds
12
Restricted income funds
12
Endowment funds
12
Total funds		 Unrestricted funds
£
Total Funds 2024
£
Total Funds 2023
£
37,811.26
37,811.26
23,344.55
37,811.26
37,811.26
23,344.55
10,000.00
10,000.00
-
190,121.11
190,121.11
234,234.17
200,121.11
200,121.11
234,234.17
31,326.30
31,326.30
11,064.97
168,794.81
168,794.81
223,169.20
206,606.07
206,606.07
246,513.75
206,606.07
206,606.07
246,513.75
-
-
-
-
206,606.07
206,606.07
246,513.75

The financial statements were approved by the Board on 29-Oct-2024 and signed on its behalf by:

…………………………………………… Trustee

6

ASSEMBLY OF GOD MINISTRY ALLIANCE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 January 2024

1 Accounting Policies

1.1 Accounting Policies

The principal accounting policies adopted by the Charity, which is a public benefit entity, in the preparation of the accounts are as follows.

1.2 Basis of preparation

These accounts have been prepared under the historical cost convention, as modified by the inclusion of charitable properties and fixed asset investments and investment properties at valuation.

These accounts have been prepared in accordance with “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.

These accounts are presented in pounds sterling and rounded to the nearest pound.

1.3 Going concern

The Trustees have prepared financial projections, taking into consideration the current economic conditions and have, at the time of approving these accounts, a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the accounts.

2 Income from Donations and Legacies

Analysis
Donation and gifts		 Unrestricted funds
Total funds 2024
Total funds 2023
£
£
£
498,189.55
498,189.55
401,674.42
498,189.55
498,189.55
401,674.42

7

NOTES TO THE FINANCIAL STATEMENTS

ASSEMBLY OF GOD MINISTRY ALLIANCE

FOR THE YEAR ENDED 31 January 2024

3 Income from Investments

Unrestricted funds Total funds 2024
Total funds		 2023
Analysis
£ £ £
Interest income 200.01 200.01 174.07
200.01 200.01 174.07
Expenditure on Raising Funds
Total funds 2024 Total funds 2023
Analysis £ £
Pastoral Services 30,018.01 26,130.93
Staging fundraising
events		 12,297.39 773.80
Advertising,
marketing, direct mail 13,292.60 10,378.32
and publicity
Staff costs - 897.56
Rent collection,
property repairs and 196,328.90 116,307.94
maintenance charges
Support Costs 84,483.99 65,435.22
336,420.89 219,923.78

4 Expenditure on Raising Funds

8

ASSEMBLY OF GOD MINISTRY ALLIANCE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 January 2024

5 Expenditure on Charitable Activities

Analysis
Conference and events
expenses
Bank charges
Legal/professional fees
Donations
Printing and stationery
Support Costs		 Total funds 2024
Total funds 2023
£
£
81,368.86
39,242.27
7,781.92
5,604.76

8,950.77
11,562.84
4,633.49
3,998.00
1,042.30
1,344.85
87,243.99
67,295.22
191,021.33
129,047.94

6 Support Costs

upport Costs
Analysis
Motor and travel expenses
Computer expenses
General insurance
Office/General
Administrative Expenses
Telephone, Fax and Internet
Utility Bills
Wages and salaries
Staff costs
Governance Costs
Accountants fees		 Total funds 2024
Total funds 2023
£
£
48,817.01
37,009.00
6,617.77
5,594.81
1,578.04
1,254.65
35,780.50
20,861.68
761.20
1,258.56
8,673.50
6,242.49
60,844.55
58,649.26
5,895.41
-
2,760.00
1,860.00
171,727.98
132,730.45

9

ASSEMBLY OF GOD MINISTRY ALLIANCE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 January 2024

7 Other Expenditure

Analysis
Depreciation Charge
for the Year - Plant
& Machinery
Depreciation Charge
for the Year - Motor
Vehicles		 Unrestricted funds
Total funds 2024
Total funds 2023
£
£
£
9,786.42
9,786.42
9,433.80
1,068.60
1,068.60
1,596.65
10,855.02
10,855.02
11,030.45

10

ASSEMBLY OF GOD MINISTRY ALLIANCE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 January 2024

8 Tangible Fixed Assets

8.1 Cost or valuation

At 01 February
2023
Additions
Disposals
Revaluations
Transfers
At 31 January
2024		 Plant &
Machinery
Motor
Vehicles
£
£
47,284.00
8,312.00
25,321.73
-
-
-
-
-
-
-
72,605.73
8,312.00

8.2 Amortisation and impairments

At 01 February
2023
Additions
Disposals
Revaluations
Transfers
At 31 January
2024		 Plant &
Machinery
Motor
Vehicles
£
£
27,473.80
4,777.65
9,786.42
1,068.60
-
-
-
-
-
-
37,260.22
5,846.25

8.3 Net book value

Net book value
At 01 February
2023
At 31 January
2024		 Plant &
Machinery
Motor
Vehicles
£
£
19,810.20
3,534.35
35,345.51
2,465.75

11

ASSEMBLY OF GOD MINISTRY ALLIANCE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 January 2024

9 Debtors: Amounts falling due within one year

Total funds 2024 Total funds 2023
£ £
Prepayments & accrued income 10,000.00 -
10,000.00 -
Cash at bank and in hand
Total funds 2024 Total funds 2023
£ £
Barclays Current Account (6916) 190,121.11 234,234.17
190,121.11 234,234.17
Creditors: Amounts falling due within one year
Total funds 2024 Total funds 2023
£ £
Wages & Salaries Control Account 2,448.60 (651.60)
Trade creditors - 278.63
Taxation and social security 28,877.70 11,437.94
31,326.30 11,064.97

10 Cash at bank and in hand

11 Creditors: Amounts falling due within one year

12

ASSEMBLY OF GOD MINISTRY ALLIANCE

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 January 2024

12 Charity funds

12.1 Details of material funds held and movements during the CURRENT reporting period

Fund Fund
Fund names balances
brought		 Income Expenditure Transfers Gains and
losses		 balances
carried
forward forward
£ £ £ £ £ £
Unrestricted funds
246,513.75 498,389.56 (538,297.24) - - 206,606.07
Total 246,513.75 498,389.56 (538,297.24) - - 206,606.07
12.2 Details of material funds held and movements during the PREVIOUS reporting period
Fund Fund
Fund names balances
brought		 Income Expenditure Transfers Gains and
losses		 balances
carried
forward forward
£ £ £ £ £ £
Unrestricted
funds
204,667.43 401,848.49 (360,002.17) - - 246,513.75
Total 204,667.43 401,848.49 (360,002.17) - - 246,513.75

12.3 Transfers between funds

This Year

Amount
£
Between unrestricted and restricted funds -
Between endowment and restricted funds -
Between endowment and unrestricted funds -
Last Year
Amount
£
Between unrestricted and restricted funds -
Between endowment and restricted funds -
Between endowment and unrestricted funds -

Last Year

13