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2023-03-31-accounts

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

Registered Charity Number: 1150356

Annual Report and Financial Statements

31 March 2023

APOSTOLIC FAITH MISSION (IM) UK LEICESTER ASSEMBLY

CONTENTS

Page
Administrative details 3
Trustees’ Report 4 – 6
Independent Examiner’s report 6
Statement of Financial Activities 7
Balance Sheet 8
Accounting Policies 9 – 10
Notes to the Financial Statements 11 - 14

2

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 30 July 2023

Introduction

Leicester Jubilee continues to grow; we have had some saints joining us from other countries particularly due to care worker visa. The church continues to welcome new members.

Governing documents

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

Charitable objects

• The advancement of the word of God according to the Holy Scriptures as contained in our Confession of Faith

• Supporting the bereaved through donations we continue to make each time one of us loose a loved one.

• The furtherance of such other purposes as are exclusively charitable under the laws of England and Wales as the leadership from time to time determine.

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:

• The church is praying for and has a desire to have a suitable own place of worship at the convenient time. The trustees continue to work with management board and all stakeholders to raise enough funds for the place of worship.

• To continue conducting pastoral work including visiting the sick and the bereaved

• Teaching Christianity through sermons, bible study and home groups

• Teaching the youth Christian ethos and equipping them with the Word of God

• Promoting the whole mission of the church through activities for the youth, ladies’ services, couples and children’s ministry and other groups

• Supporting other charities in the UK and overseas 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.

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Apostolic Faith Mission International Ministries (Leicester Assembly) UK

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: 22/08/2023

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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:

14/06/2022

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 2023

Notes 2023
2023
2023
Unrestricted
Restricted
Total
£
£
£
105,130 3,750 108,880
- - -
- - -
105,130 3,750 108,880
6,942
6,942
54,466
54,466
18,014
18,014
90
90
970
970
80,482 - 80,482
24,648 3,750
28,398
-
-
24,648 3,750
28,398
87,183 123,953 211,136
111,831 127,703
239,534		 2022
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		 76,239
-
10,643
86,882
6,387
45,135
4,423
4,224
1,525
61,694
25,188
-
25,226
185,910
211,136

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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 2023

Notes 2023
£		 2022
£
Fixed assets
Tangible assets
10
Instruments
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		 4,398
4,757
9,156
20,511
226,760
247,271
16,893
230,378
239,534
239,534
111,831
127,703
239,534		 -
4,393
4,393
47,906
175,921
223,827
17,083
206,744
211,136
211,136
86,123
125,013
211,136

For the year ended 31 March 2023 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 22/08/2023

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 2023

  1. ACCOUNTING POLICIES

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

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.

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

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Apostolic Faith Mission International Ministries (Leicester Assembly) UK

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.

The charity has not received any goods for use by the charity itself. The value of services provided by volunteers are 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.

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 2023

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2023
2.
Voluntary income
Donations
Love offering
Gift Aid Estimate
Subscriptions
Tithes
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
Premises insurance
Bank Charges
Depreciation of Office Equipment
Depreciation of Instruments
6.
Spiritual leadership costs
Pastor Salaries
National Insurance
Pension Cost Employer
Conference Costs
Personage Allowance
Honorariums		 2023
2023
2023
Unrestricted
Restricted
Total
£
£
£
16,489
3,750 20,239
18,214
18,214
21,000
21,000
745
745
47,352
47,352
1,030
1,030
300
300
105,130
3,750 108,880
-
-
-
-
-
--
-
- -
3,710
3,710
186
186
617
617
913
913
529
529
987
987
6,942
- 6,942
35,352
35,352
3,114
3,114
1,768
1,768
354
354
9,900
9,900
3,978
3,978
54,466
- 54,466		 2022
Total
£
13,960
7,254
15,248
10
39,767
-
-
76,239
216
9,427
1,000
10,643
1,523
3,488
627
381
368
-
6,387
35,352
3,658
1,283
-
2,467
2,375
45,135

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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 2023

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2023
7. Community Building
Holy Communion/Baptism
Board meeting expenses
Conference costs - National & Regional
Hospitality
Subscriptions
Regional and National Contributions
International Donation
Praise & Worship
House Keeping
High Tea
Travel and Subsistence
Donations - Social Welfare
Printing and Stationery
8. Other Costs
Donations
9. Governance Costs
Independent Examination
Software
Legal and professional fees
Accountancy Fees		 2023
2023
2023
Unrestricted Restricted Total
£		 2022
Unrestricted
£
52
- 52
331
- 331
1,550
- 1,550
3,400
- 3,400
200
- 200
3,935
- 3,935
-
- -
375
- 375
60
- 60
1,657
- 1,657
728
- 728
5,294
- 5,294
432
- 432
18,014
- 18,014
90
- 90
90
- 90
150
- 150
120
- 120
-
- -
700
- 700
970
- 970		 35
180
-
63
-
2,899
404
-
-
-
-
333
509
4,423
4,224
4,224
150
275
500
600
1,525

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Apostolic Faith Mission International Ministries (Leicester Assembly) UK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2023

10. Tangible Assets

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2023
10. Tangible Assets
Cost:
at 1 April 2022
Additions
Disposals
at 31 March 2023
Depreciation:
at 1 April 2022
Charge
Disposals
at 31 March 2023
Net book value:		 Plant &
Equipment
IT & Musical
Instruments
Fixtures and
fittings
8,436 13,6865,555
893 5,385-
- - -
9,329 19,071 5,555
4,043 13,6865,555
529 987-
- - -
4,572 14,673 5,555
4,757 4,398 -

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Apostolic Faith Mission International Ministries (Leicester Assembly) UK

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2023

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2023
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		 2023
2023
2023
2022
Unrestricted Restricted Total
Unrestricted
£
£
£
£
20,511
- 20,511
47,908
- -
-
-
20,511
- 20,511
47,908
96,353
96,353
39,407
- 127,671 127,671
123,953
2,129
2,129
2,876
607
- 607
10,287
99,089 127,671 226,760
176,523

Restricted cash at bank is funds raised for property investment £127,671.00, (2022 - £123,953.00) Movement in cash at bank is due to Gift Aid claim for past 3 years totalling £48,431.00 being received in current year.

13. Creditors: amounts falling due within one year

Trade creditors
Pension
PAYE & NI
Salaries Control		 750
- 750
750
8,754
6,986
5,219
7,006
3,893
11,754
383
383
640
16,894
- 16,894
18,363

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Apostolic Faith Mission International Ministries (Leicester Assembly) UK