## **APOSTOLIC FAITH MISSION KINGDOM WORSHIP CENTRE (WORTHING ASSEMBLY)**
**Financial Statements for the year ended 31 March 2023**
|**Contents**|**Page**|
|---|---|
|Trustees and professional advisors|2|
|Trustees Report|3- 5|
|Independent Examiner Report|6|
|Statement of Financial Activity|7|
|Statement of Financial Position|8|
|Notes to the Financial Statements|9- 12|
Page **1** of **12**
## **Registered Charity Number: 1144645**
**Trustees and Professional Advisors**
## **Principal Office:**
1A Montreal Way Worthing BN13 2RY West Sussex
## **Trustees:**
Mr Evans Mutamba Mr Oswald Ticharwa Mr James RV Mugadza
## **Bankers:**
Lloyds TSB 41- 43 South Street Worthing BN11 3AU West Sussex
## **Independent Examiners:**
Framework Accountants Ltd Certified Chartered Accountants Suite 2, Greyholme 49 Victoria Road Aldershot GU11 1SJ
Page **2** of **12**
## **Report of the Trustees for the year ended 31 March 2023**
The AFM-Kingdom Worship Centre Trustees present their annual report for the year ended 31 March 2023 under the Charities Act 2011, together with the annual accounts for the period and confirm that the latter comply with the requirements of the Charities Act, the Trust Deed and the Charities SORP 2005.
## **Structure, Governance and Management**
## **Governing Documents**
The Charity was established by a trust deed on the 8[th] of November 2011.
## **Governing Bodies**
The Trustees are responsible for:
- Appointment of employees.
- Approval and acquisition of property assets.
- Policies and procedures for induction and training of trustees
- Organisational structure and interrelationships of component organs
- Monitoring the charity’s compliance with relevant laws and standards
## **Organisational Management**
The Board of Trustees delegates to any one or more of the Trustees the transaction of any business or performance of any act required to be transacted or performed in the execution of the trust of the Charity and which is within the professional or business competence of such Trustee or Trustees.
The Board of Trustees exercises reasonable supervision over any Trustee or Trustees acting on its behalf under this provision to ensure that all delegated acts and proceedings are duly, fully, and promptly reported to them.
## **Objects, Aims, Objectives and Activities**
## **Charitable Objects**
- The advancement of the Christian religion according to the Holy Scriptures as contained in the Confession of Faith set out in the schedule hereto in the United Kingdom, and to such parts of the world, as the Trustees may from time to time determine.
- The relief of sickness and the promotion and preservation of good health by the provision of funds, goods, items or services and counselling support and prayers in the UK, or other parts of the World, as the Trustees may from time to time determine.
- The furtherance of such other purposes as are exclusively charitable under the laws of England and Wales as the Trustees from time to time determine.
## **Risk Management**
Trustees have the responsibility of measuring, tasking, and taking action to control risk in accordance with the Charity constitution and policies and procedures. Detailed consideration of risk is delegated to any one or more of the Trustees.
Risks are identified, assessed, and controlled, established throughout the year. A review of the charities risk management process is undertaken on an annual basis.
Page **3** of **12**
Trustees continue to improve and ensure that the system of internal controls is adequate and cost effective. Through the risk management process established for the church, the trustees are satisfied that the major risks have been adequately mitigated where necessary.
It is recognised that systems can only provide reasonable but not absolute assurance that major risks have been adequately managed.
## **Principal Activities and Key Achievements during the year**
- **Sunday Services**
- We are pleased to report that the church (charity) is recovering well from the major effects of the pandemic. Thus, face to face Sunday services have resumed in earnest, characterised by increasing footfall, as members feel more and more confident to worship and fellowship outside the virtual settings. Church attendance and membership have been modestly boosted by believers who have immigrated to the UK on work visas.
- **Midweek Online Studies**
- Midweek Bible Studies still take place virtually, via Zoom. We have come to appreciate that such online services are quite convenient to the bulk of our membership, saving them travel time, and saving the church venue hire costs. Consequently, the online option has made these Bible Studies quite successful and well-attended.
- **Friday Virtual Prayer Meetings** Likewise, most of our Friday prayer meetings have continued virtually. Structured to blend relevant Word-Ministry coupled with intercessory prayers, participation and attendance have been impressive.
- **Prayer Vigils**
- Throughout the year we managed to devote some of the Friday services into longer prayer vigils that include intensive worship, relevant teachings, and spiritual warfare. Their appeal and impact are growing.
- **Couples Retreat**
We also held a marriage enrichment retreat for married couples at a lovely venue in Southampton. The retreat attracted more than a dozen couples. There is growing public demand for more of such programmes, including those that cater for Christian singles as well.
- **Ladies Ministry**
The Highly Favoured Women Ministry (as the Ladies’ Ministry is called), under the leadership of Mrs Sibo Chigorimbo and the Ladies committee, has continued to thrive, through ladies’ prayer sessions, empowerment programmes, supporting young mothers, and standing with families in crisis, inter alia.
- **Men’s Fellowship**
Since the end of the pandemic, the Holy Hands Ministry (Men’s Fellowship), led by Deacon James Mugadza and the Men’s Fellowship Committee, has continued to recover steadily. Highlights include services dedicated to men and boys’ empowerment, as well as facilitating family barbeques for fellowship and spiritual bonding.
- **Youth Ministry**
The Kingdom Youth Ministry has begun to gather momentum as well, under the leadership of Thembe Moyo and the Youth Committee. They are looking forward to attending the Open Heavens Conference, the church flagship national youth conference, to be held in Birmingham at the end of July 2023.
- **Children’s Ministry**
Under the oversight of Deaconess Noma Mugadza and the Kingdom Kids Ministry team, our Children’s Ministry has resumed meeting once every week (Sundays). Use is made of the AFM Children’s curriculum as well as the Willow Creek curriculum.
Page **4** of **12**
- **Participation in Regional and National Events** We are pleased that several of our members, musicians, vocals, and leaders have been participating well in regional and national events, such as conferences, seminars, and councils. That has enabled our church to remain relevant, visible, and connected to the broader Christian community.
- **Worship and Musical Development**
- Dedicated music and worship practices at a local musical studio have resumed. This has greatly enhanced the church’s liturgical experience and ambience on Sundays, contributing to the growing appeal of our Sunday services.
## **Plans**
The Charity remains committed to plans to purchase a property to serve as a centre for worship, Christian discipleship, and a community centre to promote youth empowerment, members' gifts discovery, men and women development, leadership development, mentorship, marriage enrichment and various self-help and support services to the community. We also plan to provide pastoral support for members adversely affected by personal crises, bereavement, and related challenges.
Approved by the Trustees on: 30[th] January **2024**
Page **5** of **12**
## **Independent Examiner's Report**
The Management and Board of Trustees of Apostolic Faith Mission Kingdom Worship Centre (Worthing and Portsmouth) who are registered as a charity, appointed me to independently examine their trustees' report, financial reports and the accompanying notes.
## **Responsibilities of Management and Board of Trustees**
- To safeguard the charity's assets and in particular to ensure that the financial reports are free from material misstatements due to fraud.
- To keep adequate financial records and to ensure that the published reports are based on these records.
- To ensure that the published reports are true and fair.
- Consider their charity to qualify for an independent examination in terms of Part 8 and sections 145 and 152 of the Charities Act of 2011.
## **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 needs 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**
In 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:
- to keep accounting records in accordance with section 130 of the 2011 Act and Regulations of the 2008 Accounts Regulations
- the preparation of accounts which accord with the accounting records and comply with Regulations of the 2008 Accounts Regulations have not been met, or
- to which in my opinion, attention should be drawn to enable a proper understanding of the accounts to be reached.
**For and on Behalf of Framework Accountants Ltd**
> **[th] January 2023**
Page **6** of **12**
## **Statement of Financial Activity For the year ended 31 March 2023**
|Note
**Incoming Resources**
Voluntary Income
2
Activities for generating funds
Other Income
3
**Total Income Resources**
**Charitable Expenditure**
Ministry costs
4
Church Governance
5
Church Running
Community Building
Support Costs
**Total Resources Expended**
**Net movement in Funds**
Prior Year Adjustment
**Fund balance brought forward**
**Fund balance carried forward**|**31-Mar**
**2023**
**£**
40,847
0
8,169
**49,016**
26,343
840
35,437
0
1,607
**64,227**
**(15,211)**
0
82,754
**67,543**|**31-Mar**
**2022**
£
56,945
0
16,260|
|---|---|---|
|||**73,205**|
|||26,269
840
22,201
0
1,309|
|||**50,619**|
||||
|||**22,586**|
|||(22,132)
82,300|
|||**82,754**|
Page **7** of **12**
## **Statement of Financial Position As at 31 March 2023**
|Note
**Fixed Assets**
Tangible assets
6
**Current Assets**
Cash at bank and in hand
7
Trade and other debtors
8
**Current Liabilities**
**Creditors amounts falling due within one year**
Trade and other creditors
9
**Net current Assets**
**NET ASSETS**
**CHARITY FUNDS**|**31-Mar**
**2023**
**£**
1,489
61,466
11,169
**72,635**
(6,581)
**66,054**
**67,543**
**67,543**|**31-Mar**
**2022**
**£**
4,042
65,452
14,100|
|---|---|---|
|||**79,552**
(840)|
|||**78,712**|
|||**82,754**|
||||
|||**82,754**|
The financial statements of Apostolic Faith Mission Kingdom Worship Centre, charity number 1144645 were approved by the Trustees on **30 January 2024.**
Approved on behalf by:
**Evans Mutamba**
Trustee Chairman
**Oswald Ticharwa**
Trustee
Page **8** of **12**
## **Notes to the Financial Statements for the year ended 31 March 2023**
## **1. Accounting Policy**
## **a) Basis of preparation**
The financial statements have been prepared under the historical cost convention and are in accordance with trust law, applicable accounting standards and the Statement of Recommended Practice, “Accounting and Reporting by Charities”, issued in March 2005.
## **b) Fund accounting**
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.
## **c) Incoming resources**
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.
## **d) 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 are 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.
## **e) Donated Goods and volunteer and other donated services.**
Donated goods are recognised in different ways dependent on how they are used by the charity:
- (i) Those donated for resale produce income in the trading venture when they are disposed of. (ii) Those donated for onward transmission to beneficiaries (chiefly clothing, food and medical supplies) are included in the statement of financial activities as incoming resources and resources expended when they are distributed. They are valued at the amount the charity would have had to pay to acquire them.
The charity has not received any goods for use by the charity itself. The value of services provided by volunteers is 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.
Page **9** of **12**
## **f) Taxation**
Irrecoverable VAT is not separately analysed and is charged to the statement of financial activities when the expenditure to which it relates is incurred and is allocated as part of the expenditure to which it relates.
Tax recovered from voluntary income received under gift aid is recognised when the related income is receivable and is allocated to the income category to which the income relates.
## **g) Tangible fixed assets and depreciation**
Tangible assets are stated at cost and depreciated over their useful economic lives at the following rates:
Computer & IT 4 years Equipment 5 years Motor vehicles 5 years
Where the recoverable amount of a tangible asset is found to be below its net book value, the asset is written down to its recoverable amount and the loss on impairment is charged to the relevant expenditure category of the statement of financial activities.
Where an asset is not primarily used to generate income its impairment is assessed by reference to its service potential on its initial acquisition. The charity currently has no tangible fixed assets to which impairment provisions apply.
## **2. Voluntary income**
|**2. Voluntary income**|||
|---|---|---|
||**2023**|**2022**|
||**£**|**£**|
|Tithes|27,137|8,542|
|Love offering|13,710|48,403|
||**40,847**|**56,945**|
|**3. Other Income**|**2023**|**2022**|
||**£**|£|
|Gift Aid accrual|8,169|16,260|
||**8,169**|**16,260**|
|**4. Ministry costs**|**2023**|**2022**|
||**£**|£|
|Salaries and wages|24,000|24,000|
|Taxes and social security|2,343|2,269|
||**26,343**|**26,269**|
|**5. Church governance**|||
||**2023**|**2022**|
||£|£|
|Accountancy and independent examination fees|840|840|
||**840**|**840**|
Page **10** of **12**
## **6. Property Plant and Equipment**
|_5_
_5_
**Musical**
**Instruments**
**Motor**
**vehicles**
**£**
**£**
**Cost**
At 1 April 2022
19,096
3,500
Additions
857
-
Disposals
**At 31 March 2023**
**19,953**
**3,500**
**Depreciation**
At 1 April 2022
16,558
1,996
Charge during the period
2,710
700
Disposals
**At 31 March 2023**
**19,268**
**2,696**
**Net Book Value**
At 31 March 2022
2,538
1,504
**At 31 March 2023**
**685**
**804**
**7. Cash and cash equivalent**
**2023**
**£**
Cash at bank and in hand
61,466
**61,466**
Restricted fund balance included in the cash at bank is £0 (2022- £0)
**8. Trade and other debtors**
**2023**
**£**
Gift Aid accrual
8,169
Other debtors
3,000
**11,169**|_5_
_5_
**Musical**
**Instruments**
**Motor**
**vehicles**
**£**
**£**
19,096
3,500
857
-|_7.5_
**Total**
**£**
22,596
857|
|---|---|---|
||**19,953**
**3,500**|
**23,453**|
||16,558
1,996
2,710
700|
18,554
3,410|
||**19,268**
**2,696**|
**21,964**|
||||
||2,538
1,504
**685**
**804**|
4,042
**1,489**|
|||**2022**
**£**
65,452|
|||**65,452**|
|||**2022**
**£**
8,100
6,000|
|||**14,100**|
Page **11** of **12**
## **9. Trade and other creditors**
|**9. Trade and other creditors**|||
|---|---|---|
|Accountancy and independent examination fees
Other taxes and social security|**2023**
**£**
840
5,741
**6,581**|**2022**
**£**
840
0|
|||**840**|
## **10. Capital commitments**
There was no capital commitment in 2023 ( _2022: Nil_ )
Page **12** of **12**