APOSTOLIC FAITH MISSION MOUNT ZION COVENTRY ASSEMBLY ANNUAL REPORT FOR 2023 -2024
Trustees: Siphiwe Kazora- Chairperson Catherine Gumbura – Secretary Arnold Darare
To God be the glory and honour.
The trustees, whom are the directors for the purposes of the company, hereby present the financial report for the year commencing April 2023 to 31 March 2024. The trustees have adopted the provisions of the Accounting and Reporting by Charities: Statement of Recommended Practice which is 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).
Apostolic Faith Mission - Coventry Assembly (also referred to as AFM Mount Zion Coventry Assembly) is a full member of Apostolic Faith Mission International ministries UK, but also registered as a separate charity since the 19 March 2013 under charity number 1151295 with the objective of advancing the Christian religion in accordance to the Holy Scriptures as contained in the Church’s confession of faith.
The year in review is the second year following Covid 19 restrictions and the readjustment and recovering of the church since the pandemic. We have continued with the regular program of in-person services, supported with online zoom sessions. Church numbers have increased steadily, with the addition of the new congregants - most whom have joined the country under the Skilled Worker Route Visa.
As known to all Church Charity’s, the main source of income stems from the church members voluntary donations, tithing and love offering collections. Church members who are taxpayers are continually encouraged to sign the HMRC Gift Aid option, allowing the church to claim through the governments Gift Aid funding. At present, we await an outstanding Gift Aid Fund for the previous four financial years from HMRC.
During this financial year, the church deacon has stepped up despite the lack of a resident pastor. The church has continued to strive through the various departments of the church mainly:
- **Ushering and Hospitality department**
- **Men’s fellowship**
- **Women’s fellowship**
- **Sunday school**
- **Youth ministry**
- **Home Cell groups**
As to previous years, the BOT and church board continue to petition for church building ownership for the church or long-term leasing, which are still considered a matter of importance. We have always presented the acquiring of a church building as a priority, and every member of the church is in support of this vision. The acquiring of a place of worship should be either a long-term exclusive use lease or the purchase of a building being the preferred option. As a charity we aim to continue to increase the budget for the church building, through various funding or fundraising ideas. An independent building committee made up of the congregants with the help of the trustees and management would be a recommendation on the acquisition of the church building. A long rental will be considered along with other available churches in the area. We will continue to urge members to come up with their own suggestions and help in the process of acquiring a church building. We also like to highlight our church, as a charitable organisation, should adhere to the following policies as to the Charities Commission:
1. Safeguarding children and vulnerable adults – necessary DBS checks should be done for each Sunday school teacher or church volunteer
2. Health and Safety
3. Diversity and Inclusion
4. Financial Conduct
## Financial Review
In the year under review the total unrestricted funds from the church were at £50,460.00, from £44,489 a total increase of £5,971
The building funds which are restricted funds were up from £39,322 to £41,894 an increase of £2,572.
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 2024
Page **1** of **10**
Apostolic Faith Mission - Coventry Assembly Contents Page For the year ended 31 March 2024
|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|
Page **2** of **10**
## Apostolic Faith Mission - Coventry Assembly Report of the Trustees
## For the year ended 31 March 2024
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 2024. 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 19 Cannon Park Road Coventry CV4 7AX
## **Trustees**
The trustees and officers serving during the year and since the year end were as follows:
Mrs Siphiwe Kazora Mrs Catherine Gumbura Mr Arnold Darare 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
Page **3** of **10**
## Apostolic Faith Mission - Coventry Assembly Independent Examiners Report to the Trustees For the year ended 31 March 2024
I report to the trustees on my examination of the accounts of the charitable company for the year ended 31 March 2024.
## **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:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. 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
4. 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
10 Oct 2024
Page **4** of **10**
## Apostolic Faith Mission - Coventry Assembly
Statement of Financial Activities (including Income and Expenditure Account) For the year ended 31 March 2024
|**Income**
Donations from Tithes and Offerings -Coventry
Evesham
**Charitable Activities**
Youth
Sisters Union
Men's fellowship
Building Fund
Other Activities (Gift Aid +Fund raisings)
Government Grant
**Total**
**Expenditure**
Raising funds
Other costs
**Charitable Activities**
Consumable Exp (PA)
Hospitality (Fun day, Christmas party and hospitality)
Venue Hire( Cov 13,798, Evesham 750)
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|**2024**
**2023**
30,504
27,821
20,347
757
2,017
317
739
272
102
2,572
3,147|
|---|---|
||**54,769**
**33,825**|
||9,087
2,402
969
130
3,326
1,250
14,548
9,818
4,596
18,004
1,956
4,850
2,190|
||37,375
**35,750**|
||17,394
-1,924
40,496
42,420
57,890
40,496|
Page **5** of **10**
Apostolic Faith Mission - Coventry Assembly Statement of Financial Position
As at 31 March 2024
||Notes||**2024**|**2023**|
|---|---|---|---|---|
|**Fixed assets**|||||
|Tangible assets||3|||
|**Current assets**|||||
|Cash at bank and in hand|||51,160|45,189|
|Creditors: amounts falling due within one year||4|-700|-700|
|**Net current assets**|||50,460|44,489|
|Total assets less current liabilities|||50,460|44,489|
|Creditors: amounts falling due after more than one year||5|||
|**Net assets**|||50,460|44,489|
|**The funds of the charity**|||||
|Income funds|||50,460|44,489|
|Total funds|||50,460|44,489|
For the year ended 31 March 2024 the charity was entitled to exemption from audit under section 477 of the Compa
The members have not required the charity to obtain an audit of its accounts for the year in question in accordance w
The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to acco These accounts have been prepared in accordance with the provisions applicable to companies subject to the small c
The financial statement were approved and authorised for issue by the Board and signed on its behalf by:
S KAZORA - Trustee Chairperson
Page **6** of **10**
## Apostolic Faith Mission - Coventry Assembly Notes to the Financial Statements
For the year ended 31 March 2024
## 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) Cov 13,484 & Evesham 20,347)|**2024**
**2023**
17,021
15,444
33,830
12,377|
|---|---|
||50,851
27,821|
## **3. Tangible fixed assets**
|**Cost or valuation**||Music/ Com|
|---|---|---|
|At 01 April 2022|17,639|17,639|
|Additions|||
||17,639|17,639|
|**Depreciation**|||
|Accumulated|17,639|15,683|
|Charge for year||1,956|
||0|17,639|
|**Net book values**|||
|At 31 March 2024|||
|At 31 March 2023|0|1,956|
Page **7** of **10**
Apostolic Faith Mission - Coventry Assembly Notes to the Financial Statements Continued For the year ended 31 March 2024
4. Creditors: amounts falling due within one year
||**2024**|**2023**|
|---|---|---|
|Other creditors|700
|700
|
|5. Creditors: amounts falling due after more than one year|||
|Other creditors|0||
Page **8** of **10**
## AFM INTERNATIONAL MINISTRIES
AFM COVENTRY ASSEMBLY
## NOTES TO THE FINANCIAL STATEMENTS AS AT 31 March 2024
|**Receipts**||
|---|---|
|Tithes|17,021|
|Love Offering|13,484|
|Fund raising||
|Evesham|20,347|
|Deposit refund||
|Total Receipts|50,851|
|**Expenses**||
|Travel|331.86|
|10% Regional Contribution|5,204.07|
|Board Refreshments|730.59|
|National Conference|0|
|National Youth Conference|1,191.89|
|Regional Mens Fellowship|0|
|PA System|969.00|
|Hall Hire|14,547.78|
|Pastor's salary and Welfare|4,595.60|
|Accounting fees|700.00|
|Insurance|1,132.11|
|Software charges|120.00|
|Bank charges|78.03|
|Hospitality, Refreshments and Xmas party|3,325.95|
|Honararium|4,650.00|
|Other admin incl printing|90.00|
|Funeral Donations|200.00|
|Total|37,866.88|
Page **9** of **10**
## AFM INTERNATIONALMINISTRIES AFM COVENTRY ASSEMBLY
## NOTES TO THE FINANCIAL STATEMENTS AS AT 31 March 2024
|**Building Fund**
Opening balance
Building donations
Transfer from reserve funds
interest|39,322
1,889
683|
|---|---|
|Cash balance|41,894|
|**Reserve Funds**
Reserve Funds
**Departments**
Ladies
Men's
Youth|7,920
317
272
757|
||1,346|
Page **10** of **10**
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 2024
Page **1** of **10**
Apostolic Faith Mission - Coventry Assembly Contents Page For the year ended 31 March 2024
|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|
Page **2** of **10**
## Apostolic Faith Mission - Coventry Assembly Report of the Trustees
## For the year ended 31 March 2024
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 2024. 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 19 Cannon Park Road Coventry CV4 7AX
## **Trustees**
The trustees and officers serving during the year and since the year end were as follows:
Mrs Siphiwe Kazora Mrs Catherine Gumbura Mr Arnold Darare 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
Page **3** of **10**
## Apostolic Faith Mission - Coventry Assembly Independent Examiners Report to the Trustees For the year ended 31 March 2024
I report to the trustees on my examination of the accounts of the charitable company for the year ended 31 March 2024.
## **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:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. 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
4. 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
10 Oct 2024
Page **4** of **10**
## Apostolic Faith Mission - Coventry Assembly
Statement of Financial Activities (including Income and Expenditure Account) For the year ended 31 March 2024
|**Income**
Donations from Tithes and Offerings -Coventry
Evesham
**Charitable Activities**
Youth
Sisters Union
Men's fellowship
Building Fund
Other Activities (Gift Aid +Fund raisings)
Government Grant
**Total**
**Expenditure**
Raising funds
Other costs
**Charitable Activities**
Consumable Exp (PA)
Hospitality (Fun day, Christmas party and hospitality)
Venue Hire( Cov 13,798, Evesham 750)
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|**2024**
**2023**
30,504
27,821
20,347
757
2,017
317
739
272
102
2,572
3,147|
|---|---|
||**54,769**
**33,825**|
||9,087
2,402
969
130
3,326
1,250
14,548
9,818
4,596
18,004
1,956
4,850
2,190|
||37,375
**35,750**|
||17,394
-1,924
40,496
42,420
57,890
40,496|
Page **5** of **10**
Apostolic Faith Mission - Coventry Assembly Statement of Financial Position
As at 31 March 2024
||Notes||**2024**|**2023**|
|---|---|---|---|---|
|**Fixed assets**|||||
|Tangible assets||3|||
|**Current assets**|||||
|Cash at bank and in hand|||51,160|45,189|
|Creditors: amounts falling due within one year||4|-700|-700|
|**Net current assets**|||50,460|44,489|
|Total assets less current liabilities|||50,460|44,489|
|Creditors: amounts falling due after more than one year||5|||
|**Net assets**|||50,460|44,489|
|**The funds of the charity**|||||
|Income funds|||50,460|44,489|
|Total funds|||50,460|44,489|
For the year ended 31 March 2024 the charity was entitled to exemption from audit under section 477 of the Compa
The members have not required the charity to obtain an audit of its accounts for the year in question in accordance w
The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to acco These accounts have been prepared in accordance with the provisions applicable to companies subject to the small c
The financial statement were approved and authorised for issue by the Board and signed on its behalf by:
S KAZORA - Trustee Chairperson
Page **6** of **10**
## Apostolic Faith Mission - Coventry Assembly Notes to the Financial Statements
For the year ended 31 March 2024
## 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) Cov 13,484 & Evesham 20,347)|**2024**
**2023**
17,021
15,444
33,830
12,377|
|---|---|
||50,851
27,821|
## **3. Tangible fixed assets**
|**Cost or valuation**||Music/ Com|
|---|---|---|
|At 01 April 2022|17,639|17,639|
|Additions|||
||17,639|17,639|
|**Depreciation**|||
|Accumulated|17,639|15,683|
|Charge for year||1,956|
||0|17,639|
|**Net book values**|||
|At 31 March 2024|||
|At 31 March 2023|0|1,956|
Page **7** of **10**
Apostolic Faith Mission - Coventry Assembly Notes to the Financial Statements Continued For the year ended 31 March 2024
4. Creditors: amounts falling due within one year
||**2024**|**2023**|
|---|---|---|
|Other creditors|700
|700
|
|5. Creditors: amounts falling due after more than one year|||
|Other creditors|0||
Page **8** of **10**
## AFM INTERNATIONAL MINISTRIES
AFM COVENTRY ASSEMBLY
## NOTES TO THE FINANCIAL STATEMENTS AS AT 31 March 2024
|**Receipts**||
|---|---|
|Tithes|17,021|
|Love Offering|13,484|
|Fund raising||
|Evesham|20,347|
|Deposit refund||
|Total Receipts|50,851|
|**Expenses**||
|Travel|331.86|
|10% Regional Contribution|5,204.07|
|Board Refreshments|730.59|
|National Conference|0|
|National Youth Conference|1,191.89|
|Regional Mens Fellowship|0|
|PA System|969.00|
|Hall Hire|14,547.78|
|Pastor's salary and Welfare|4,595.60|
|Accounting fees|700.00|
|Insurance|1,132.11|
|Software charges|120.00|
|Bank charges|78.03|
|Hospitality, Refreshments and Xmas party|3,325.95|
|Honararium|4,650.00|
|Other admin incl printing|90.00|
|Funeral Donations|200.00|
|Total|37,866.88|
Page **9** of **10**
## AFM INTERNATIONALMINISTRIES AFM COVENTRY ASSEMBLY
## NOTES TO THE FINANCIAL STATEMENTS AS AT 31 March 2024
|**Building Fund**
Opening balance
Building donations
Transfer from reserve funds
interest|39,322
1,889
683|
|---|---|
|Cash balance|41,894|
|**Reserve Funds**
Reserve Funds
**Departments**
Ladies
Men's
Youth|7,920
317
272
757|
||1,346|
Page **10** of **10**