Charity number: 1151295
(England and Wales)
Apostolic Faith Mission - Coventry Assembly
Report of the Trustees and Unaudited Financial Statements
For the year ended 31 March 2023
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Apostolic Faith Mission - Coventry Assembly Contents Page
For the year ended 31 March 2023
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Report of the Trustees 3
Independent Examiner's Report to the Trustees 4
Statement of Financial Activities 5
Statement of Financial Position 6
Notes to the Financial Statements 7,8
Detailed Statement of Financial Activities 9,10
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Apostolic Faith Mission - Coventry Assembly Report of the Trustees For the year ended 31 March 2023
The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the financial statements for the charitable organization for the year ended 31 March 2023. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2015).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The trustees have considered the Charity Commission’s guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
FINANCIAL REVIEW
Going concern
Apostolic Faith Mission Coventry Assembly is still in operation as a going concern.
| REFERENCE AND ADMINISTRATIVE INFORMATION | |
|---|---|
| Name of Charity | Apostolic Faith Mission - Coventry Assembly |
| Charity registration number | 1151295 |
| Principal address | 17 Ibex Close |
| Coventry | |
| CV3 2FB | |
| Trustees | |
| The trustees and officers serving during the year and | since the year end were as follows: |
| Mrs Catherine Gumbura | |
| Mrs Siphiwe Kazora | |
| Mr Arnold Darare | |
| Mr Hillary Mununuri Chindodo | |
| Independent examiners | Dan Accountancy ltd |
| Second Floor | |
| 105-107 New Union Street | |
| Coventry | |
| CV1 2NT | |
| Bankers | HSBC Bank |
| 55 Corporation Street | |
| Coventry | |
| CVI 1GX |
Approved by the Board of Trustees and signed on its behalf by
Mrs Siphiwe Kazora
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Apostolic Faith Mission - Coventry Assembly
Independent Examiners Report to the Trustees
For the year ended 31 March 2023
I report to the trustees on my examination of the accounts of the charitable company for the year ended 31 March 2023.
Responsibilities and basis of report
As the charity Trustees, who are also directors for the purposes of company law, are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiners statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
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the accounts do not accord with those records; or
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the accounts do not comply with the requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ’true and fair view' which is not a matter considered as part of an independent examination; or
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the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Dan Accountancy ltd
Second Floor 105-107 New Union Street Coventry
CV1 2NT
30 Nov 2023
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Apostolic Faith Mission - Coventry Assembly
Statement of Financial Activities (including Income and Expenditure Account) For the year ended 31 March 2023
| Income Donations from Tithes and Offerings Charitable Activities Youth Sisters Union Men's fellowship Building Fund Other Activities (Gift Aid +Fund raisings) Government Grant (Furlough) Total Expenditure Raising funds Other costs Charitable Activities Consumable Exp (PA) Hospitality (Fun day, Christmas party and hospitality) Venue Hire Pastor's Salary and Welfare Depreciation Other Church costs Donations Total Net Income/expenditure Reconciliation of funds Total Funds brought forward Total Funds carried forward |
2023 2022 27,821 25,588 2,017 2,732 739 1,513 102 125 3,147 3,788 |
|---|---|
| 33,825 33,746 |
|
| 2,402 230 130 600 1,250 400 9,818 3,523 18,004 23,606 1,956 2,691 4,778 2,190 1,155 |
|
| 35,750 36,983 |
|
| - 1,924 -3,237 42,420 45,657 40,496 42,420 |
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Apostolic Faith Mission - Coventry Assembly Statement of Financial Position
As at 31 March 2023
| Notes | 2023 | 2022 | ||
|---|---|---|---|---|
| Fixed assets | ||||
| Tangible assets | 3 | 1.956 | ||
| Current assets | ||||
| Cash at bank and in hand | 45,189 | 41,591 | ||
| Creditors: amounts falling due within one year | 4 | - 700 | -700 | |
| Net current assets | 44,489 | 40,891 | ||
| Total assets less current liabilities | 44,489 | 42,847 | ||
| Creditors: amounts falling due after more than one year | 5 | -427 | ||
| Net assets | 44,489 | 42,420 | ||
| The funds of the charity | ||||
| Income funds | 44,489 | 42,420 | ||
| Total funds | 44,489 | 42,420 |
The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with section 476.
The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
The financial statement was approved and authorised for issue by the Board and signed on its behalf by:
Mrs Siphiwe Kazora - Trustee Chairperson
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Apostolic Faith Mission - Coventry Assembly
Notes to the Financial Statements For the year ended 31 March 2023
1. Accounting Policies
Basis of accounting
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities.
Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015)’, Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Companies Act 2006.
Apostolic Faith Mission - Coventry Assembly meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
Going concern
The charity is still a going concern.
2. Income from donations and legacies
| Unrestricted funds Tithes Gifts in kind (Love offerings) |
2023 2022 15,444 13,431 12,377 12,157 |
|---|---|
| 27,821 32,639 |
3. Tangible fixed assets
| Cost or valuation At 01 April 2022 Additions Depreciation Accumulated Charge for year Net book values At 31 March 2023 At 31 March 2022 |
Music/ Comp equipment 17,639 17,639 15,683 1,956 17,639 1,956 |
|---|---|
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Apostolic Faith Mission - Coventry Assembly Notes to the Financial Statements Continued
For the year ended 31 March 2023
- Creditors: amounts falling due within one year
2023 Other creditors 700
- Creditors: amounts falling due after more than one year
Other creditors
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AFM INTERNATIONAL MINISTRIES
AFM COVENTRY ASSEMBLY
NOTES TO THE FINANCIAL STATEMENTS AS AT 31 March 2023
| Main | |
|---|---|
| Receipts | Church |
| Tithes | 15,444 |
| Love Offering | 12,377 |
| Fund raising | 3,227 |
| Government Grant | |
| Deposit refund | 1,013 |
| Total Receipts | 32,060 |
| Expenses | |
| Travel | 304 |
| 10% Regional Contribution | 1,430 |
| Board Refreshments | 250 |
| National Conference | |
| National Youth Conference | |
| Regional Mens Fellowship | |
| PA System | 130 |
| Hall Hire | 9,818 |
| Pastor's salary and Welfare | 18,004 |
| Accounting fees | 700 |
| Insurance | 600 |
| Software charges | |
| Bank charges | 69 |
| Hospitality, Refreshments and Xmas party | 1,530 |
| Visa Applications | |
| G1 Fund raisings | |
| Funeral Donations | 960 |
| Total | 33,794 |
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AFM INTERNATIONALMINISTRIES AFM COVENTRY ASSEMBLY
NOTES TO THE FINANCIAL STATEMENTS AS AT 31 March 2023
| Building Fund | 2023 2022 33,214 32,594 4,972 604 1,000 136 16 |
|---|---|
| Opening balance Building donations Transfer from reserve funds interest |
|
| Cash balance | 39,322 33,214 |
| Reserve Funds Reserve Funds Departments |
3,009 4,007 739 1,513 102 125 2,017 2,732 |
| Ladies Men's Youth |
|
| 2,857 4,370 |
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