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← Apostolic Faith Mission - Luton

2024-03-31-accounts

Docusign Envelope ID: D5BC06EC-2A8E-412B-B028-F5268CB3811E

APOSTOLIC FAITH MISSION - LUTON

TRUSTEES' REPORT AND ACCOUNTS

YEAR ENDED 31 MARCH 2024

CHARITY REGISTRATION NO: 1150315

Docusign Envelope ID: D5BC06EC-2A8E-412B-B028-F5268CB3811E

APOSTOLIC FAITH MISSION - LUTON FINANCIAL STATEMENTS YEAR ENDED 31 MARCH 2024

CONTENTS PAGE
LEGAL AND ADMINISTRATIVE INFORMATION 1
REPORT OF THE TRUSTEES 2-4
INDEPENDENT EXAMINERS REPORT 5
STATEMENT OF FINANCIAL ACTIVITIES 6
BALANCE SHEET 7
NOTES TO THE FINANCIAL STATEMENTS 8-10
DETAILED STATEMENT OF FINANCIAL ACTIVITIES 11

Docusign Envelope ID: D5BC06EC-2A8E-412B-B028-F5268CB3811E

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APOSTOLIC FAITH MISSION - LUTON LEGAL AND ADMINISTRATIVE INFORMATION YEAR ENDED 31 MARCH 2024

CHARITY REGISTRATION NUMBER: 1150315
Crystal
REGISTERED OFFICE: House
New Bedford Road
Luton
LU1 1HS
TRUSTEES: Dennis Zhuwao (Chair)
Nkosithabile Siluba (Secretary)
Kumbirai Chinya
Tapuwa Ndoro
INDEPENDENT EXAMINER New Bond Accountants
4a - 6a Hythe Street
Dartford
DA1 1BX

Docusign Envelope ID: D5BC06EC-2A8E-412B-B028-F5268CB3811E

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APOSTOLIC FAITH MISSION - LUTON REPORT OF THE TRUSTEES YEAR ENDED 31 MARCH 2024

STATEMENT OF TRUSTEE RESPONSIBILITIES

The trustees have pleasure in presenting their report with the financial statements of the charity for the year ended 31st March 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2019).

Chair's report Theme

This year's theme, Designed and Destined for Glory, focuses on seeking God's help to achieve spiritual, physical, economic, and social empowerment. These qualities guided our study and aspirations as a church.

Church Membership

Church growth has shown improvement over the past year compared to the previous year, which had no significant increase. The church now holds a mix of online and in-person meetings, with the majority being in person. The primary factor contributing to this growth is having a consistent place of worship.

World Vision Partnership

The partnership with World Vision has continued, through World Vision the youth has been supporting a child Africa. There is regular communication with the child and ongoing monthly support which is sent through

Church Building

Efforts to acquire a church building are continuing and new considerations for a land for a self-build project are being pursued. Most buildings within the area have been considered either not fit for purpose or the price is out of our reach.

OBJECTIVES AND ACTIVITIES

Apostolic Faith Mission - Luton (AFM-Luton) Assembly is a Christian Church based in the town of Luton, England. The main objective of the church is to advance the gospel of Jesus Christ in accordance with the Holy Scriptures. AFM-Luton, whose resident Pastor is Rev. Elia Mbizi, is part of the Apostolic Faith Mission Int'l Ministries (UK) group of churches. Current congregants are drawn mainly from Luton, and surrounding areas such as Bedford, Milton Keynes, Hemel Hempstead, Aylesbury, Hatfield, Watford and as far as Corby.

Statement on public benefit

The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.

Volunteers

The Trustees would like to thank all the volunteers and workers who work tirelessly to make sure our church is run smoothly. We would also like to extend our greatest appreciation to the church departments such as the hospitality and decorations team, ushering information and publicity, children and youth ministries, praise and worship team, ladies and men's fellowship for their unwavering commitment towards making the church a vibrant community.

Docusign Envelope ID: D5BC06EC-2A8E-412B-B028-F5268CB3811E

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APOSTOLIC FAITH MISSION - LUTON REPORT OF THE TRUSTEES YEAR ENDED 31 MARCH 2024

ACHIEVEMENTS AND PERFORMANCE

Significant activities

Apostolic Faith Mission-Luton plans and carries out a number of activities throughout the year. These activities are tailored to suit different groups within the congregation and in the wider Luton community where the church is based. The assembly also works in harmony with regional and national calendars of the Apostolic Faith Mission Int'l Ministries (UK) group of churches. All the activities singularly and collectively have the goal of equipping and strengthening individuals families and the community at large in the Christian faith.

The Board of Trustees is grateful to the Church Board, leaders in various departments and the entire congregation for the excellent individual and collective effort in pursuit of the church's mission. Below are the activities implemented in the reporting period.

Sunday Services

Every Sunday there is a 3-hour church service for preaching, worship and prayer. These services hold at a venue in the centre of Luton town, are open to everyone - regular attendees and believers alike.

Different departments of the church such as the Praise and Worship Team, Information and Publicity, Ushering and Security Hospitality and Decorations Team, Pastoral Team, Church Board (Elders and Deacons) all play important roles in delivering effective and spirit-filled services.

Men's Fellowship

The church plans regular meetings for men with the objective of equipping men for their roles in families, the church and the society at large. The AFM-Luton men also participate in regional and national activities such as seminars and conferences. During the reporting period, the Men's meetings cover issues such as men's health, men and their families, men and money, men and careers, men and their roles in the church, among others.

Ladies' Fellowship

Similarly, Ladies' Union activities are a key feature of the Assembly programme of work. These activities also include regional and national conferences, with the objective of empowering women with biblical principles for use in their roles in families, the church and community. Some of the teachings at Ladies Union meetings during the period were on parenting and raising children in a Christian environment, health and social care, a Christian woman at home and in society, prayer etc. An allied part of the Ladies' Union is the Widows and Single Mothers (WISMOs) fellowship which caters for the specific needs of this group.

Youth Ministry

The Assembly also hosts weekly meetings for youths and young adults which are meant enables them to learn more about the Gospel and also facilitating them to live out their faith whilst contributing positively to their families, the church and the community. The youths also participate in regional and national events, while also playing crucial roles in community outreach and charity in the church through activities such as ushering and teaching in the Children's Ministry.

Children's Ministry

AFM-Luton has a vibrant Ministry for children between the ages of 4 and 16 years. Classes for this ministry are conducted every Sunday by DBS-checked teachers for an hour in separate rooms for different age groups. The children also participate in regional and national activities

Prayer Meetings, Bible Study, Missions and Cell Groups

Continuing pastoral care, fellowship and church growth activities take place through various weekly programmes such as prayer meetings on Tuesdays, Cell Groups/Home Groups and new missions on Wednesdays and Bible Study/Classes on Fridays. In the reporting period, AFM-Luton had active missions Hatfield and Hemel Hempstead, which are targeted to be commissioned as sub-assemblies. AFM-Luton also offers comprehensive spiritual and other necessary support to members and other believers in times of illness or bereavement.

Docusign Envelope ID: D5BC06EC-2A8E-412B-B028-F5268CB3811E

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APOSTOLIC FAITH MISSION - LUTON REPORT OF THE TRUSTEES YEAR ENDED 31 MARCH 2024

Structure, Governance and Management

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity and is also registered with the Charities Commission with the charity number 1150315.

AFM-Luton is guided by The Bible and the Church Constitution; the day-to-day affairs of the church are overseen by the Resident Pastor, who is assisted by a 8-member Church Board/Council. The Resident Pastor is the Chairman of the Church Board. Other members of the Board are the Vice Chairman, Secretary, Administrator, Youth leader and three committee members.

Church Leadership

The Church Board is responsible for the day-to-day operations of the charity and managing the volunteers of the charity on behalf of the Trustees. The Pastor is the chairman of the Church Board. The Leadership Team comprises:

The leadership team serve the charity on a voluntary basis and does not get paid, with the exception of the pastor.

Appointment of Trustees, Induction and Training

Trustees are responsible for recruiting new trustees, when new Trustees are appointed, they are provided with an information pack containing copies of the governing documents, annual report, strategic plan, core documents and other supporting papers.

Each new Trustee is linked with an existing Trustee for induction. Training is made available as required and can include providing suitable publications, in-house updates and external events.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charity's Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report is prepared in accordance with the special provision of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the Board of Trustees on 23rd November, 2024. ON BEHALF OF THE BOARD:

…............................................ Dennis Zhuwao (Chair)

Docusign Envelope ID: D5BC06EC-2A8E-412B-B028-F5268CB3811E

5

REPORT OF THE INDEPENDENT EXAMINER NOTES TO THE FINANCIAL STATEMENTS APOSTOLIC FAITH MISSION - LUTON

I report on the accounts for the year ended 31st March 2024 set out on pages six to ten.

Respective responsibilities of trustees and examiner

The charity's trustees (who are also the directors for the purposes of company law) are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required.

Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

Basis of the independent examiner's report

My examination was carried out in accordance with the General Directions 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 such matters. 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 ' and the report is limited to those matters set out in the statements below.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that, in any material respect, the requirements

have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts 'to be reached.

………………………………………..

Omowunmi Shitta FCCA

New Bond Accountants Ltd Charities & Business Certified Accountants and Advisors

4a-6a Hythe Street Dartford, Kent DA1 1BX

Date: 23rd November, 2024

Docusign Envelope ID: D5BC06EC-2A8E-412B-B028-F5268CB3811E

6

APOSTOLIC FAITH MISSION - LUTON STATEMENT OF FINANCIAL ACTIVITIES

DETAILED STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted
funds
INCOMING RESOURCES
Notes
£
Incoming resources from generated funds
Donations and legacies
2
111,444
Investment Income
3
460
Other Income
4
175
TOTAL INCOME
112,079
RESOURCES EXPENDED
Charitable Activities
5
(11,911)
Support Cost
6
(108,379)
Governance Cost
7
(2,688)
TOTAL RESOURCES EXPENDED
(122,978)
NET INCOME
8
(10,899)
RECONCILIATION OF FUNDS
Funds brought forward - unrestricted
50,779
Funds brought forward - restricted
TOTAL FUNDS CARRIED FORWARD
39,880		 Unrestricted
funds
INCOMING RESOURCES
Notes
£
Incoming resources from generated funds
Donations and legacies
2
111,444
Investment Income
3
460
Other Income
4
175
TOTAL INCOME
112,079
RESOURCES EXPENDED
Charitable Activities
5
(11,911)
Support Cost
6
(108,379)
Governance Cost
7
(2,688)
TOTAL RESOURCES EXPENDED
(122,978)
NET INCOME
8
(10,899)
RECONCILIATION OF FUNDS
Funds brought forward - unrestricted
50,779
Funds brought forward - restricted
TOTAL FUNDS CARRIED FORWARD
39,880		 Unrestricted
funds
INCOMING RESOURCES
Notes
£
Incoming resources from generated funds
Donations and legacies
2
111,444
Investment Income
3
460
Other Income
4
175
TOTAL INCOME
112,079
RESOURCES EXPENDED
Charitable Activities
5
(11,911)
Support Cost
6
(108,379)
Governance Cost
7
(2,688)
TOTAL RESOURCES EXPENDED
(122,978)
NET INCOME
8
(10,899)
RECONCILIATION OF FUNDS
Funds brought forward - unrestricted
50,779
Funds brought forward - restricted
TOTAL FUNDS CARRIED FORWARD
39,880		 Unrestricted
funds
INCOMING RESOURCES
Notes
£
Incoming resources from generated funds
Donations and legacies
2
111,444
Investment Income
3
460
Other Income
4
175
TOTAL INCOME
112,079
RESOURCES EXPENDED
Charitable Activities
5
(11,911)
Support Cost
6
(108,379)
Governance Cost
7
(2,688)
TOTAL RESOURCES EXPENDED
(122,978)
NET INCOME
8
(10,899)
RECONCILIATION OF FUNDS
Funds brought forward - unrestricted
50,779
Funds brought forward - restricted
TOTAL FUNDS CARRIED FORWARD
39,880		 Restricted
funds
£
36,505
-
-
36,505
-
-
-
-
36,505		 Restricted
funds
£
36,505
-
-
36,505
-
-
-
-
36,505		 2024
2023
£
£
147,949
111,546
460
78
175
3,531
148,584
115,155
(11,911)
(6,563)
(108,379)
(109,694)
(2,688)
(2,608)
(122,978)
(118,865)
25,606
(3,710)		 2024
2023
£
£
147,949
111,546
460
78
175
3,531
148,584
115,155
(11,911)
(6,563)
(108,379)
(109,694)
(2,688)
(2,608)
(122,978)
(118,865)
25,606
(3,710)		 2023
£
111,546
78
3,531
115,155		 2023
£
111,546
78
3,531
115,155
(3,710)
50,779 50,779 54,489
£141,696 141,696
39,880 £178,201 218,081 192,475

None of the charity's activities were acquired or discontinued during the year and there were no recognised gains and losses for 2024 or 2023 other than those included in the statement of the financial activities.

The notes on pages 8 to10 form part of these accounts.

Docusign Envelope ID: D5BC06EC-2A8E-412B-B028-F5268CB3811E

7

APOSTOLIC FAITH MISSION - LUTON BALANCE SHEET YEAR ENDED 31 MARCH 2024

Notes 2024 2023
£ £
FIXED ASSETS
Tangible assets 11 3,473 2,451
CURRENT ASSETS
Debtors 12 7,500 7,500
Cash at bank and in hand 208,022 183,828
CREDITORS: due within one year 13 (914) (1,304)
Net Current Assets 214,608 190,024
TOTAL ASSETS LESS CURRENT LIABILITIES 218,081 192,475
MOVEMENT IN FUNDS: 2024 2023
Restricted Funds 14 178,201 £141,696
Unrestricted Funds 14 39,880 £50,779
Total funds 218,081 192,475

The financial statements were approved by the Board of Trustees on 23rd November, 2024 and were signed on its behalf by:

……………………………………….. [BuEE3ED1293860440... by: Dennis Zhuwao (Chair)

The notes on pages 8 to10 form part of these accounts.

Docusign Envelope ID: D5BC06EC-2A8E-412B-B028-F5268CB3811E

8

APOSTOLIC FAITH MISSION - LUTON NOTES TO THE ACCOUNTS YEAR ENDED 31 MARCH 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared in accordance 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) (effective 1 January 2019) and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Apostolic Faith Mission - Luton meets the definition of a public benefit entity under FRS 102.

Incoming resources

All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Donations and other incoming resources - Income from tithes of the network churches in the forum when these are receivable.

Resources expended

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Charitable activities

Costs of charitable activities are those costs relating to the activities carried out to meet the objectives of the Church. These include both directly attributable costs and apportioned support costs.

Governance costs

Governance costs are the costs associated with the strategic direction of the organisation and with meeting regulatory responsibilities including apportioned support cost.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund Accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Tangible fixed assets

There are no fixed assets for the charity in the year under review.

Docusign Envelope ID: D5BC06EC-2A8E-412B-B028-F5268CB3811E

9

APOSTOLIC FAITH MISSION - LUTON NOTES TO THE ACCOUNTS YEAR ENDED 31 MARCH 2024

2. Income from donations and legacies

Unrestricted
funds
Offerings & Grants received
£147,949
£147,949
3. INVESTEMENT INCOME
Unrestricted funds
Bank interest receivable
4. Other income
Unrestricted funds
Other income
5. Costs of charitable activities by fund type
Unrestricted funds
Support Cost
Charitable Activities
6. Costs of charitable activities by activity type
Activities undertaken directly
Support Costs
Governance Costs
Unrestricted Funds
7. Analysis of support costs
Charitable Activities
Support Costs
Governance costs
Total
8. Net income (expenditure) for the year
This is stated after charging/(crediting):
Depreciation of owned fixed assets
Accountancy fees		 Restricted
funds		 2024 2024 2023
115,155
£		 2023
115,155
£
635
£
635
£		 148,584
£
148,584
£
115,155
£
2023
£
78
78
2023
3,531
3,531
2023
109,694
6,563
116,257
6,563
109,694
2,608
118,865
2023
109,694
2,606
112,300
2023
2,107
2,008
2024
£
460
460
2024
175
175
2024
108,379
11,911
120,290
11,911
108,379
2,688
122,978
2024
108,379
2,688
111,067
2024
2,458
2,188
6,563
109,694
2,608
118,865
2023
109,694
2,606
112,300
2023
2,107
2,008

Docusign Envelope ID: D5BC06EC-2A8E-412B-B028-F5268CB3811E

10

APOSTOLIC FAITH MISSION - LUTON

NOTES TO THE ACCOUNTS YEAR ENDED 31 MARCH 2024

9. Staff costs and emoluments
Total staff costs for the year ended 31 March 2024 were:
Salary and wages
Social security costs
Pension costs
Employees		 2024
25,380
589
440
26,409
1		 2023
26,152
1,779
463
28,394
1

10. TRUSTEES REMUNERATION AND BENEFITS

Trustees' expenses

There were no Trustees remuneration in the year to 31 March 2024 nor in the prior year There were no related parties transactions in the year to 31 March 2023 nor the prior year.

11. Tangible fixed assets

Music
Equipment
Computer
Equipment
£
£
Cost or valuation
At 01 April 2023
9,642
10,188
Additions
3480
0
At 31 March 2024
13,122
10,188
Depreciation
At 01 April 2023
9,530
7,849
Charge for year
1,688
770
At 31 March 2024
11,218
8,619
Net book values
At 31 March 2024
1,904
1,569
At 31 March 2023
112
2,339
2024
12. DEBTORS
Amounts due within one year:
Prepayments and accrued income
7,500
7,500
13. CREDITORS
Amounts due within one year:
Other creditors
914		 £
19,830
3,480
23,310		 £
19,830
3,480
23,310
17,379
2,458
19,837
3,473
2,451
2023
7,500
7,500
1,304

14. Movement in funds

Balance at Incoming Outgoing Balance at
01/04/2023 resources resources 31/03/2024
£ £ £ £
Unrestricted Funds 50,779 112,079 122,978 39,880
Restricted Funds 141,696 36,505 0 178,201
Total funds 192,475 148,584 122,978 218,081

Docusign Envelope ID: D5BC06EC-2A8E-412B-B028-F5268CB3811E

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APOSTOLIC FAITH MISSION - LUTON

INCOME AND EXPENDITURE YEAR ENDED 31 MARCH 2024

Income and Endownment:
Donations and legacies
Tithes & Offerings
Gift Aid
Other Donations
Investments:
Bank Interest Receivable
Other income
Other Income
Total incoming resources
EXPENDITURE:
Charitable activities
Conferences, Seminars & Training
Donations
Ministry Expenses
Honorarium
SUPPORT COSTS
Support costs
Staff Costs - Wages & Salaries
Staff Costs - Social Security Costs
Staff Costs - Pension Contributions
Depreciation - Owned Assets
Insurance
Communications
Office Supplies
Website & It Consumables
Staff Welfare
Other Expenses
Bank Charges
Rent & Rates
Light and Heating
Repairs & Maintenance
AFM Remittance
Travel Expenses
GOVERNANCE COSTS
Accountancy Fees
Legal Fees
Total resources expended
Net Income		 2024
£
106,802
20,154
20,993
147,949
460
175		 2023
£
85,733
18,317
7,496
111,546		 2023
£
85,733
18,317
7,496
111,546
78
3531
148,584 115,155
6,509
274
4,223
905
11,911
25,380
589
440
2,458
382
2,206
4,426
1,222
77
4,572
1,337
40,000
8,454
1,321
6,669
8,846
108,379
2,188
500
2,688
122,978
25,606		 4,248
274
1,641
400
6,563
26,152
1,779
463
2,107
354
2,032
1,546
1,530
0
5,775
1,743
49,015
2,077
4,908
3,850
6,363
109,694		 4,248
274
1,641
400
6,563
2,008
600
2,608
118,865		 2,008
600
2,608
-3,710