LIVING FAITH INTERNATIONAL MINISTRIES
Annual Report and Financial Statements
For the Year Ended 31 August 2025
Company Number: 07356269 Charity Number: 1146693
Living Faith International Ministries - Annual Report and Financial Statements 2025
1
Contents
| Section | Page |
|---|---|
| Reference and Administrative Information | 3 |
| Independent Examiner's Report | 4 |
| Trustees' Annual Report | 5 |
| Statement of Financial Activities | 6 |
| Statement of Financial Position | 7 |
| Notes to the Financial Statements | 8 |
| Detailed Income and Expenditure Account | 10 |
Living Faith International Ministries - Annual Report and Financial Statements 2025
2
Reference and Administrative Information
| Item | Details |
|---|---|
| Charity Name | Living Faith International Ministries |
| Charity Registration Number | 1146693 |
| CompanyRegistration Number | 07356269 |
| Registered Office | 170 Cottingham Road, Corby, Northamptonshire, NN17 1SY, United Kingdom |
| Contact Details | Tel: 01536 659633 / 07874 642071 Email: info@livingfaithtemple.com Website: www.livingfaithtemple.com |
| Trustees | Mr David Bizabani - Chairman Mr Nigel Tatenda Mutsongonono Mrs Faith Bvumbe Mr Cletos Mubwanda Mr Saul Muchenje Mr Cleto Mudhefi |
| Senior Pastoral Team | Mr David Midzi - Presiding Bishop Mrs Naome Midzi-Senior Pastor |
| Management Committee | Mr Edson Mubwanda - Service Manager (Elder) Mrs Esnart Bizabani - Public Relations and Safeguarding Officer (Pastor) Mrs Patience Onwuegbuzie - Accounts Payable Manager (Deaconess) Mrs Rose Mubwanda - Children's Ministry Officer (Elder) Mrs Edna Morris - Secretary (Elder) Mr Innocent Masango - Building Committee Chairperson (Elder) Mrs Fadzai Masango-Head of Catering Department (Deaconess) |
| Independent Examiner | Stephen Mashingaidze CA(Z) 24 Amiable Hands Suite 1-2 Grafton Court Kettering Parkway Kettering NN15 6XR United Kingdom |
| Bankers | Bank of Scotland |
| Mortgage Provider | Bank of Scotland |
Living Faith International Ministries - Annual Report and Financial Statements 2025
3
Independent Examiner's Report
Independent Examiner's Report to the Trustees of Living Faith International Ministries
I report on the accounts of Living Faith International Ministries for the year ended 31 August 2025, which are set out on pages 6 to 10.
Responsibilities of the Trustees
The trustees are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011. They are also responsible for maintaining adequate accounting records, safeguarding the assets of the charity and taking reasonable steps for the prevention and detection of fraud and other irregularities.
Responsibilities of the Independent Examiner
I report in respect of my examination of the charity's accounts carried out under section 145 of the Charities Act 2011. In carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
An independent 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 the trustees where necessary.
The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a true and fair view.
Independent Examiner's Statement
In connection with my examination, no matter has come to my attention which gives me reasonable cause to believe that, in any material respect, accounting records have not been kept in accordance with section 130 of the Charities Act 2011, or that the accounts do not accord with those accounting records, or to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed: Stephen Mashingaidze CA(Z)
Great Havilah Limited
Date: 30 June 2026
Living Faith International Ministries - Annual Report and Financial Statements 2025
4
Trustees' Annual Report
Structure, Governance and Management
Living Faith International Ministries is a charitable company limited by guarantee and is governed by its Memorandum and Articles of Association. The charity is registered with both Companies House and the Charity Commission for England and Wales. The Board of Trustees is responsible for the overall governance and strategic direction of the charity.
Principal Activity, Organisation and Decision-Making Strategy
Living Faith International Ministries operates under the spiritual guidance of Presiding Bishop David Midzi, who provides overall oversight of the organisation’s work and ministry. The Board of Trustees is responsible for supporting the ministerial vision and spiritual mandate of the church, while ensuring that the charity fulfils its pastoral, evangelical and social responsibilities in line with the direction of the Church Leadership. Decision-making is carried out collaboratively by the Trustees, Management Committee and Pastoral Team. Strategic initiatives are considered prayerfully and assessed practically to ensure that they remain consistent with the ministrys biblical ethos, charitable objectives and commitment to serving the community.
Objectives and Activities
The vision of Living Faith International Ministries is to reach our local community and beyond with the message of hope in Jesus Christ. Our mission includes training, equipping, and releasing the five-fold ministry gifts both locally and internationally. We are committed to building a strong, biblically based church that teaches the Word of God with clarity and simplicity, effecting lasting positive change in the communities we serve.
The organisation actively collaborates with other churches and community-based organisations whose missions
align with ours. Through partnerships with local authorities and borough councils, we strive to fulfil our corporate social responsibility and remain relevant and impactful in the lives of those we serve.
Achievements and Performance
During the year, the charity continued to strengthen its ministry and community engagement activities. The Living Centre remained the focal point of the charity operations, providing facilities for worship services, conferences, youth programmes, educational activities and community outreach.
Financial Review
Total incoming resources for the year amounted to £263,755 (2024: £206,790). Total resources expended amounted to £256,997 (2024: £195,482), resulting in a net surplus for the year of £6,758. During the preparation of these financial statements, the trustees undertook a reconstruction of historical accounting records. As a result, an adjustment of £54,878 has been recognised as a prior year correction to opening unrestricted funds. This correction does not affect the current year's operating surplus. Total funds at 31 August 2025 were £317,360 (2024: £255,724). Cash at bank and in hand amounted to £93,083 (2024: £30,763).
Reserves Policy
The trustees aim to maintain unrestricted reserves at a level sufficient to ensure the continued operation of the charity and to provide financial resilience against unforeseen circumstances. Restricted funds are held separately and applied solely for the purposes specified by donors.
Principal Risks and Uncertainties
The trustees regularly review the principal risks facing the charity, including economic conditions affecting voluntary income, maintenance of the Living Centre, compliance with charity and company legislation, safeguarding, health and safety, and financial sustainability.
Going Concern
After reviewing the charity financial position, cash flow forecasts and future plans, the trustees are satisfied that the charity has adequate resources to continue operating for the foreseeable future. Accordingly, the financial statements have been prepared on the going concern basis.
Living Faith International Ministries - Annual Report and Financial Statements 2025
5
Trustees' Responsibilities
The trustees are responsible for preparing the Trustees' Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 and the Charities SORP (FRS 102).
Approved by the Board of Trustees on 30 June 2026 and signed on its behalf by:
Mr David Bizabani Chairman of Trustees
Living Faith International Ministries - Annual Report and Financial Statements 2025
6
Statement of Financial Activities
(Incorporating the Income and Expenditure Account) For the Year Ended 31 August 2025
| Unrestricted Funds (£) |
Restricted Funds (£) |
Total Funds 2025 (£) |
Total Funds 2024 (£) |
|
|---|---|---|---|---|
| Income and endowments from: | ||||
| Donations and legacies | 263,591 | - | 263,591 | 206,790 |
| Investment income | 164 | - | 164 | - |
| Total income | 263,755 | - | 263,755 | 206,790 |
| Expenditure on: | ||||
| Charitable activities | 256,997 | - | 256,997 | 195,482 |
| Total expenditure | 256,997 | - | 256,997 | 195,482 |
| Net income for the year | 6,758 | - | 6,758 | 11,308 |
| Funds brought forward as previously stated |
239,724 | 16,000 | 255,724 | 244,416 |
| Prior year correction | 54,878 | - | 54,878 | - |
| Funds brought forward as restated | 294,602 | 16,000 | 310,602 | 244,416 |
| Funds carried forward | 301,360 | 16,000 | 317,360 | 255,724 |
All activities are continuing.
Living Faith International Ministries - Annual Report and Financial Statements 2025
7
Statement of Financial Position
As at 31 August 2025
| 2025(£) | 2024(£) | |
|---|---|---|
| Fixed assets | ||
| Tangible fixed assets | 570,765 | 583,725 |
| Current assets | ||
| Cash at bank and in hand | 93,083 | 30,763 |
| Creditors: amounts falling due within one year | (26,785) | (19,187) |
| Net current assets | 66,298 | 11,576 |
| Total assets less current liabilities | 637,063 | 595,301 |
| Creditors: amounts falling due after more than one year | (319,703) | (339,577) |
| Net assets | 317,360 | 255,724 |
| Charityfunds | ||
| General Fund | 301,360 | 239,724 |
| Restricted Fund | 16,000 | 16,000 |
| Total charity funds | 317,360 | 255,724 |
These financial statements were approved by the Board of Trustees on 30 June 2026 and signed on its behalf by:
Mr David Bizabani Chairman of Trustees
Company Registration Number: 07356269
Living Faith International Ministries - Annual Report and Financial Statements 2025
8
Notes to the Financial Statements
1. Accounting Policies
The financial statements have been prepared under the historical cost convention and in accordance with the Companies Act 2006, Financial Reporting Standard 102 (FRS 102), the Charities SORP (FRS 102), and the Charities Act 2011. The charity is a public benefit entity.
Income is recognised when the charity has entitlement to the funds, receipt is probable and the amount can be measured reliably. Restricted income is recognised separately where donors have specified the purpose for which the funds must be used.
Expenditure is recognised on an accruals basis as liabilities are incurred. Charitable expenditure includes ministry costs, mission activities, administration, premises costs, finance costs and depreciation.
Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided on a straight-line basis over the estimated useful lives of the assets.
General funds are unrestricted funds available for use at the discretion of the trustees. Restricted funds are subject to donor restrictions or specific appeals.
2. Income
| 2025(£) | 2024(£) | |
|---|---|---|
| Donations and legacies | 263,591 | 206,790 |
| Investment income | 164 | 0 |
| Total Income | 263,755 | 206,790 |
3. Expenditure
| 2025(£) | 2024(£) | |
|---|---|---|
| Operating expenditure before depreciation | 214,788 | 154,468 |
| Depreciation | 42,209 | 41,014 |
| Total expenditure | 256,997 | 195,482 |
4. Trustees' Remuneration
No remuneration or benefits were received by the trustees during the year. Any expenses reimbursed to trustees were for costs properly incurred on behalf of the charity.
5. Tangible Fixed Assets
| Total (£) | ||||||
|---|---|---|---|---|---|---|
| Media (£) | Living Centre £ |
Furniture £ |
Computer £ |
Kitchen £ |
||
| () | () | () | () | |||
| Cost at 1 September 2024 | 18,339 | 675,291 | 6,354 | 1,654 | 51,511 | 753,149 |
| Additions | - | 29,879 | - | - | - | 29,879 |
| Cost at 31 August 2025 | 18,339 | 705,170 | 6,354 | 1,654 | 51,511 | 783,028 |
| Accumulated depreciation at 1 September 2024 |
15,587 | 120,790 | 3,175 | 1,324 | 29,178 | 170,054 |
| Charge for the year | 1,326 | 28,232 | 635 | 330 | 11,686 | 42,209 |
| Accumulated depreciation at 31 August 2025 |
16,913 | 149,022 | 3,810 | 1,654 | 40,864 | 212,263 |
| Net book value at 31 August 2025 |
1,426 | 556,148 | 2,544 | - | 10,647 | 570,765 |
| Net book value at 31 August 2024 |
2,752 | 554,501 | 3,179 | 330 | 22,963 | 583,725 |
Living Faith International Ministries - Annual Report and Financial Statements 2025
9
6. Cash at Bank and in Hand
| 2025(£) | 2024(£) | |
|---|---|---|
| Cash at bank and in hand | 93,083 | 30,763 |
7. Creditors: Amounts Falling Due Within One Year
| 2025(£) | 2024(£) | |
|---|---|---|
| Mortgage - due within oneyear | 8,986 | 11,388 |
| Other loan | 10,000 | - |
| Other creditors and accruals | 7,799 | 7,799 |
| Total | 26,785 | 19,187 |
8. Creditors: Amounts Falling Due After More Than One Year
| 2025(£) | 2024(£) | |
|---|---|---|
| Mortgage | 300,616 | 298,214 |
| Other loan | 19,087 | 41,363 |
| Total | 319,703 | 339,577 |
The mortgage relates to the financing of the Living Centre and is secured against the charity property. The mortgage interest and balances have been stated in accordance with the mortgage repayment schedule supplied by the lender.
9. Funds
| Total (£) | |||
|---|---|---|---|
| General Fund (£) | Restricted Fund £ |
||
| () | |||
| Balance at 1 September 2024 as previously stated | 239,724 | 16,000 | 255,724 |
| Prioryear correction | 54,878 | - | 54,878 |
| Restated balance at 1 September 2024 | 294,602 | 16,000 | 310,602 |
| Surplus for the year | 6,758 | - | 6,758 |
| Balance at 31 August 2025 | 301,360 | 16,000 | 317,360 |
Prior year correction
During the preparation of the 2025 financial statements, the trustees identified historical accounting adjustments relating to prior accounting periods that had not been reflected in the previously stated opening fund balances. Following a reconstruction of the charity's historical accounting records, an adjustment of £54,878 has been recognised as a prior year correction to opening unrestricted funds. This adjustment does not affect the current year's income, expenditure or operating surplus.
10. Taxation
Living Faith International Ministries is a registered charity and is exempt from UK taxation on income and capital gains to the extent that such income is applied for charitable purposes. No tax charge arose during the year.
Living Faith International Ministries - Annual Report and Financial Statements 2025
10
Detailed Income and Expenditure Account
For the Year Ended 31 August 2025
| Category | 2025 (£) |
|---|---|
| Total Income | 263,755 |
| Activities Expenses | 36,916 |
| Advertising & Marketing | 1,645 |
| Bank Fees | 2,360 |
| Cleaning | 970 |
| Council Tax | 2,522 |
| Electricity and Gas | 5,442 |
| General Expenses | 251 |
| Insurance | 16,165 |
| Mortgage Interest | 24,726 |
| IT Software and Consumables | 587 |
| Legal Expenses | 150 |
| Mission Expenses | 61,150 |
| Mission Trips | 2,297 |
| Motor Vehicle Expenses | 5,195 |
| Networking | 1,200 |
| Other Administrative Costs | 32,250 |
| Payments Processing Fees | 1,826 |
| Rentals (Missions) | 6,050 |
| Repairs & Maintenance | 8,981 |
| Telephone & Internet | 1,632 |
| Travel-International | 673 |
| Water Bills | 1,800 |
| Depreciation | 42,209 |
| Total Expenditure | 256,997 |
| Surplus for the year | 6,758 |
Living Faith International Ministries - Annual Report and Financial Statements 2025
11