## **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|
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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 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**
- 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 and152 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 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:
- to keep accounting records in accordance with section 130 of the 2011 Act
- the preparation of accounts which accord with the accounting records and comply with the accounting requirements of the act have not been met.
- to which in my opinion, attention should be drawn to enable a proper understanding of the accounts to be reached.
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.
- 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
- and with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102)
- and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.
- 1b. Going Concern
Apostolic faith Mission IM(UK) Leicester Assembly is still in operation as a going concern
- 1c. 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.
- 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
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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.
- 1f. Donated Goods and volunteer and other donated services. Donated goods are recognised in different ways dependent on how they are used by the charity;
- a. Those donated for resale produce income in the trading venture when they are disposed of.
- b. 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 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.
- 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 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 13,686**5,555
**893 5,385**-
- - -|
||**9,329 19,071 5,555**|
||**4,043 13,686**5,555
**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