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2022-03-31-accounts

Apostolic Faith Mission IM (UK) Leicester Assembly (Jubilee Assembly)

Registered Charity Number: 1150356

Annual Report and Financial Statements

31 March 2022

APOSTOLIC FAITH MISSION (IM) UK LEICESTER ASSEMBLY

CONTENTS

Page
Administrative details 3
Trustees’ Report 4 – 6
Independent Examiner’s report 7
Statement of Financial Activities 8
Balance Sheet 9
Accounting Policies 10 – 12
Notes to the Financial Statements 13 - 15

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Apostolic Faith Mission International Ministries (Leicester Assembly) UK

Registered Charity Number: 1150356

Trustees and Professional Advisors

Principal Office

7 A Cumberland Street Leicester LE1 4QS Leicestershire

Trustees

Mr Cleto Mudhefi Mrs Vimbikayi Noveletta Matinyarare Mr Berthwell Mukwaira Ms Lillian Nyatsambo

Bankers

HSBC 2-6 Gallow Tree Gate Leicester LE1 1DA Leicestershire

Independent Examiners

Notion Accountancy Ltd 23 Lilleshall Road Birmingham B26 2QN

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Apostolic Faith Mission International Ministries (Leicester Assembly) UK

AFMIM LEICESTER JUBILEE ASSEMBLY TRUSTEES REPORT AGM 12 JUNE 2022 Introduction

We sometimes think that being a church small in number is a disadvantage but over the last unusual year we can see that there are also advantages. For instance, we have been able to keep in contact with each other easily by what’s app messages, Zoom, etc to make sure that we were conducted our services through the lockdowns and restrictions. For some and most of us, it has been an extremely tough time and we thank God for the love and care shown each other. Because we are fairly small in number, we were able to worship together safely after Government announced ‘Freedom Day’ from Covid 19 in July 2021 when many larger churches couldn’t because they weren’t able to accommodate their whole congregation whilst complying with social distancing requirements.

Many churches have had to devise a system where members took it in turns to come, perhaps once every three weeks, or had to book a place in advance or rely solely on electronic devices for their worship. We haven’t had to do this, and it has been a blessing to be able to meet again face to face. And the Lord has blessed us since with new members and now that restrictions are easing it’s a delight to welcome back everyone.

Despite the Covid restrictions we have continued to meet as a church. Although Covid restrictions have curtailed some of our activities such as cell group meetings, together we have been able to maintain the life of the church. As things continue to open again after the restrictions and we look to the future we continue to seek what God wants us to do and be as a Christian presence and witness in Leicester and Leicestershire.

Governing documents

The Charity was established by a Trust deed on 7th January 2013

Charitable objects

Safeguarding

We understand safeguarding to be an integral part of the life and ministry of our Church. The care and protection of children, young people and vulnerable adults visiting and participating in Church activities is important to us, everyone who participates in the life of the church has a role to play in promoting a safer AFM church for all.

Social Media

We have a presence on social media through our Facebook Wednesday and Sunday services. We are hoping face to face cell group meetings will resume to encourage church fellowship and growth through opportunities to share the word of God.

Future Plans:

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Apostolic Faith Mission International Ministries (Leicester Assembly) UK

Trustees will work hand in hand with church board to ensure fund raising, planning, and acquiring a place is achieved with minimum risks-identified and addressed promptly.

All objects and purposes remain exclusively charitable under the laws of The Charities Commission in England and Wales in line with our confession faith and our constitution

Trustees

Elder (Mr) Cleto Mudhefi Deaconess (Mrs) Vimbikayi Noveletta Matinyarare Deacon (Mr) Berthwell Mukwaira Ms Lillian Nyatsambo

Signed on behalf of the Charity's Trustees

Signature:

Full Name: Cleto Mudhefi

Position : On behalf of Trustees Date: 12/06/2022

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Apostolic Faith Mission International Ministries (Leicester Assembly) UK

Independent Examiner's Report

The Management and Board of Trustees of Apostolic Faith Mission IM UK Leicester Assembly 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

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:

08/06/2022

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

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Apostolic Faith Mission International Ministries (Leicester Assembly) UK

Apostolic Faith Mission IM (UK) Leicester Assembly Statement of Financial Statement

For the year ended 31 March 2022

Notes 2022
2022
2022
Unrestricted
Restricted
Total
£
£
£
69,439
6,800 76,239
-
- -
9,643
1,000 10,643
79,082
7,800 86,882
6,947
6,947
44,495
44,495
4,132
4,132
4,557
4,557
1,525
1,525
61,656
- 61,656
17,426 7,800
25,226
-
-
17,426 7,800
25,226
68,697 117,213 185,910
86,123 125,013
211,136		 2021
Total
£
Incoming resources
Incoming resources from generated funds
voluntary income
2
Activities for generating funds
3
other incoming resources
4
Total incoming resources
Resources expended
Charitable activities
Church running costs
5
Spiritual leadership costs
6
Community building
7
Other costs
8
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		 75,724
-
37,383
113,107
1,613
42,203
2,029
10,614
1,448
57,907
55,200
-
55,200
130,710
185,910

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Apostolic Faith Mission International Ministries (Leicester Assembly) UK

Apostolic Faith Mission IM (UK) Leicester Assembly Balance Sheet as at 31 March 2022

Notes 2022
£		 2021
£
Fixed assets
Tangible assets
10
Fixtures and fittings
Instruments
Motor vehicles
Office Equipment
Current assets
Debtors
11
Cash in hand and at bank
12
Creditors : amounts falling due within one year
13
Net current assets
Total assets less current liabilities
Net assets
Total charity funds
Unrestricted funds
Restricted funds		 -
-
-
4,393
4,393
47,906
175,921
223,827
17,083
206,744
211,136
211,136
86,123
125,013
211,136		 -
-
1,535
964
2,499
32,660
162,120
194,780
11,369
183,411
185,910
185,910
68,697
117,213
185,910

For the year ended 31 March 2022 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 12 June 2022

and signed on its behalf by Chairman; Cleto Mudhefi Signature;

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Apostolic Faith Mission International Ministries (Leicester Assembly) UK

Apostolic Faith Mission IM (UK) Leicester Assembly

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 March 2022

  1. ACCOUNTING POLICIES

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

1a. Basis of preparation

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 March 2018

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

Apostolic faith Mission IM(UK) Leicester 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.

1d. 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.

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

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Apostolic Faith Mission International Ministries (Leicester Assembly) UK

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.

Donated goods are recognised in different ways dependent on how they are used by the charity;

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.

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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Apostolic Faith Mission International Ministries (Leicester Assembly) UK

Apostolic Faith Mission IM (UK) Leicester Assembly

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 March 2022

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2022
2.
Voluntary Income
Donations
Love offering
Gift Aid Estimate
Subscriptions
Tithes
Family Day
High Tea
Ladies Retreat
4.
Other Income
Other income - Profit on Disposal
Furlough Grant
Youth Grant
5.
Church Running Costs
Rent church lease
Utility costs
Motor Vehicle Expenses
Premises insurance
Bank Charges
Depreciation of motor vehicles
Depreciation of Office Equipment
6.
Spiritual Leadership Costs
Pastors Salaries
National Insurance
Pension Cost Employer
Personage Allowance
Honorariums		 2022
2022
2022
Unrestricted
Restricted Total
£
£
£
7,160
6,800
13,960
7,254
7,254
15,248
15,248
10
10
39,767
39,767
-
-
-
-
-
-
69,439
6,800
76,239
216
216
9,427
9,427
-
1,000
1,000
9,643
1,000
10,643
2,083
2,083
3,488
3,488
-
-
627
627
381
381
-
-
368
368
6,947
-
6,947
35,352
35,352
3,658
3,658
1,283
1,283
1,827
1,827
2,375
2,375
44,495
-
44,495		 2021
Total
£
14,295
5,075
14,600
285
41,469
-
-
-
75,724
-
27388
9,995
37,383
-
-
861
-
182
511
241
1,795
35,352
3,666
1,061
1,587
537
42,203

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Apostolic Faith Mission International Ministries (Leicester Assembly) UK

Apostolic Faith Mission IM (UK) Leicester Assembly

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 March 2022

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2022
7. Community Building
Holy Communion/Baptism
Board meeting expenses
Conference costs - National & Regional
Hospitality
Subscriptions
Regional and National Contributions
International Donation
Printing and Stationery
8. Other Costs
Donations
9. Governance Costs
Independent Examination
Software
Legal and professional fees
Accountancy Fees		 2022
2022
2022
Unrestricted Restricted Total
£		 2021
Unrestricted
£
35
-35
180
- 180
-
- -
63
- 63
-
- -
2,899
- 2,899
404
- 404
551
- 551
4,132
- 4,132
4,557
- 4,557
4,557
- 4,557
150
- 150
275
- 275
500
- 500
600
- 600
1,525
- 1,525		 57
150
572
100
-
796
-
172
2,029
10,614
10,614
150
698
-
600
1,448

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Apostolic Faith Mission International Ministries (Leicester Assembly) UK

Apostolic Faith Mission IM (UK) Leicester Assembly

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 March 2022 10. Tangible Assets

10. Tangible Assets
Cost:
at 1 April 2021
Additions
Disposals
at 31 March 2022
Depreciation:
at 1 April 2021
Charge
Disposals
at 31 March 2022
Net book value:		 Plant &
Equipment
Motor Vehicles
IT & Musical
Instruments
Fixtures and
fittings
4,639
2,557
13,686
5,555
3,797
-
-
-
-
- 2,557
-
-
8,436
-
13,686
5,555
3,675
511
13,686
5,555
368
511
-
-
-
- 1,022
-
-
4,043
-
13,686
5,555
4,393
-
-
-

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Apostolic Faith Mission International Ministries (Leicester Assembly) UK

Apostolic Faith Mission IM (UK) Leicester Assembly

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 March 2022

11. Debtors
Gift Aid
Other debtors
12. Cash in hand and at bank
Cash at bank - Main Church
Cash at bank - Building Fund
Cash at bank - Ladies
Cash at bank - Youth		 2022
2022
2022
2021
Unrestricted Restricted Total
Unrestricted
£
£
£
£
47,906
- 47,906
32,660
-
--
-
47,906
- 47,906 32,660
38,805
38,805
32,389
-
123,953123,953
117,213
2,876
2,876
2,076
3,906
6,38110,287
10,242
45,587
130,334 175,921 161,920

Restricted cash at bank is funds raised for property investment £123,953 (2021 - £117,213) Restricted cash at bank is Grant received from State Lottery for Youth Activities £6,381 (2021 £9,995) Included in Youth Balance is a Grant received from Arnold Clarke for £1,000.00 in 2022

13. Creditors : amounts falling due within one year

Trade creditors
Pension
PAYE & NI
Salaries Control		 750
- 750
750
11,754
11,754
2,169
5,219
5,219
8,147
- 640
- 640
302
17,083
- 17,083 11,367

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Apostolic Faith Mission International Ministries (Leicester Assembly) UK

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