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2024-03-31-accounts

AFMIM (UK) Slough Assembly

Apostolic Faith Mission International Ministries (AFMIM) Slough Assembly Calvary Fellowship

Registered Charity 1153480

Trustee’s Annual Report & Statement of Accounts April 2023 to March 2024

pg. 1

AFMIM (UK) Slough Assembly

Charity Name Apostolic Faith Mission International Mission International
Ministries Slough
Working Name Calvary Fellowship
Registered Charity No 1153480
Meeting Address Langley College, Station Road, Slough,
Berkshire SL3 8BY
Independent Examiner
Dashwoods
Chartered Certified
Accountants.
31 Dashwood Avenue
High Wycombe
Buckinghamshire
HP12 3DZ
01494 521687
www.dashwoods.co.uk

pg. 2

AFMIM (UK) Slough Assembly

Introduction

The Trustees present their annual report together with the audited financial statements of the charity for the year ended 31 March 2024.

AFMIM Slough Assembly had an income of £73,810.29 (up from £55,529.42) in the period from 1[st] April 2023 through to 31[st] March 2023. This report is aimed at illustrating the activities of the church during the financial year the period 2023/23.

The Board of Trustees is also grateful all our members and voluntary workers for subscribing into the vision of the church and for rendering their support in cash and in kind.

Our Objectives

To advance the Christian religion for the benefit of the public in accordance with our vision.

Activities for Achieving Objectives

The Church provides public worship services every Sunday from 10 am to 12:30pm. The Church also achieves its objectives by promoting evangelism through the outreach programme, organising workshops, teaching programmes.

The following are some of the various ways through which Slough Assembly seeks to achieve its objectives;

Achievements and Performance

Our income was significantly lower than the previous financial year due to the decline in general donations and tithing. We have seen a significant increase in expenditure attributed to salary payments for our full-time pastor.

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AFMIM (UK) Slough Assembly

During 2023/24 Charity had approximately 154 members of the church. The average weekly attendance is 100. We have consistently met every Sunday for the main church services, Tuesdays and Fridays for cell prayer groups, and at the end of each month for all-night prayer services.

As well as our regular services, we enable the local community to celebrate and thank God by inviting the public to our Church Service.

Through offering baptism services, we thank God for the gift of life. We offer support to our grieving members who have lost their loved ones through funeral services. We strongly strong believe in mourning with those who have suffered the death of a loved one and we offer our support both emotionally and materially.

We take pride and celebrate dedications, baptisms and weddings.

Church Activities Summary

1. Men’s Fellowship

2. Ladies Union

3. Youth Ministry

4. Children’s Ministry

5. Praise and Worship / Media Department

6. Ushers and Security

7. Couples Ministry

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AFMIM (UK) Slough Assembly

Congregation

For the 2023/24 reporting year, the Church congregated at Langley College, Station Road, Slough, SL3 8BY and was still actively looking for larger premises by the end of the fiscal year to accommodate more people and to support any increase in membership.

Pastoral Care

AFMIM Slough Assembly continues to thrive under the leadership of Reverend Edward Mazando, who has been serving as the full-time Pastor since his appointment on 09 December 2018. Reverend Mazando has successfully overseen all church activities, providing spiritual guidance and administrative leadership. Supported by the elected Church Board, he continues to lead the congregation with a focus on growth, unity, and the spiritual well-being of all members.

Ecumenical Relationships

The AFMIM Slough Assembly, a proud member of AFMIM UK International Ministries, actively participated in several significant events throughout the 2023/24 period. Notably, the Assembly attended the inaugural combined national conferences, which unified all departments (women's, men's, youth, single ladies, and Sunday school) under one roof in Wales. Additionally, the Assembly took part in two regional conferences, both organized and facilitated by AFMIM UK International Ministries.

We are particularly proud to share that Slough Assembly successfully hosted the regional men’s conference, demonstrating our commitment to fostering community and spiritual growth. Furthermore, our church actively engaged in various regional activities conducted by other AFM churches, strengthening our bonds and collaboration within the wider AFM community.

Volunteers

Most of our church workers are dedicated lay volunteers who selflessly administer the day-to-day activities of our church. These volunteers handle various essential tasks, including cleaning, sound engineering, serving refreshments after services, and decorating. It is through their invaluable efforts that AFMIM Slough Assembly can achieve its objectives and carry out its charitable activities within the community.

Structure, Governance and Management

The Board of Trustees oversees all activities that the church undertakes, supported by the Church (Management) Board, responsible for the day-to-day administrative activities of the church. Elected by church members in accordance with the Church's Constitution, the Church (Management) Board comprises:

The Church (Management) Board handles the general and operational management of the charity, developing and implementing annual plans with the support and oversight of the Board of Trustees. The Church Board is responsible for making decisions on all matters of general concern and

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AFMIM (UK) Slough Assembly

importance to the church, while reporting and seeking approval from the Board of Trustees on high-risk matters. In the 2023/24 year, the Church Board met quarterly, every three months. The church's structure also includes various operational subcommittees that report to the Church (Management) Board. These subcommittees include:

All boards and committees serve a term of three years.

Financial Review

During the financial period, total funds banked amounted to £43,320.70 , with the majority of income derived from tithing, which totalled £19,091.43 . Additional sources of income included:

In 2023, we established a church building fund , which successfully raised £10,951 in restricted funds by March. This fund is expected to grow as we continue our efforts toward acquiring a permanent building for the church.

Expenditure for the period totalled £71,257.47 , resulting in a deficit of £11,435.03 . This was primarily due to:

  1. Increased salaries following the recruitment of a full-time permanent Pastor.

  2. Higher rental and operational expenses related to the new role.

  3. Reduced contributions caused by some members relocating to other regions and the financial pressures many members face in the current economic climate, including inflation and increased living costs.

Despite these challenges, the church remains committed to financial stewardship. While there was a deficit, the closing cash position for the year was £43,320.70 .

This year marked our twelfth year of operation as a registered charity , during which we have seen consistent growth in finances and membership. Our long-term goal remains to secure a building of our own, and we continue to work toward this vision.

Reserves Policy

AFMIM Slough maintains a reserves policy to ensure financial stability and operational continuity. The church has minimum reserves target of £20,000 in unrestricted funds ring-fenced for the building fund.

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AFMIM (UK) Slough Assembly

This target was revised during the financial period from the initial £50,000 , following a decision by the board to allocate a portion of the reserves to meet immediate church expenses due to the financial challenges faced.

The board remains committed to restoring and growing the reserves in the long term while ensuring that the church's immediate financial needs are met.

Going Concern Statement

During the reporting period, the church has faced significant financial challenges due to increasing operational costs and limited income. However, proactive measures have been implemented to ensure the church remains viable and continues to fulfil its mission in the coming months.

Challenges and Context

The financial constraints have primarily been driven by higher venue costs and other overhead expenses, which outpaced our income levels during this period.

Measures Taken to Address Financial Challenges

1. Optimizing Venue Costs

2. Reducing Service Hours

4. Realignment of Fundraising Efforts

Impact of Measures Taken

These actions have already started to reduce our expenditure and improve cash flow. We anticipate that the combination of these measures will enable the church to meet its ongoing expenses and maintain financial stability over the next 12 months.

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AFMIM (UK) Slough Assembly

Outlook

The leadership remains committed to regularly reviewing the church's financial position and implementing further cost-saving measures where necessary. We believe the actions taken provide a sustainable foundation for the church’s future and demonstrate our commitment to prudent financial stewardship.

AFM INTERNATIONAL MINISTRIES (UK) Charity 1153480
SLOUGH

Income and Expenditure for Slough Assembly As at 31 March 2024

Income
Tithes
Offering
Gift Aid
Building Fund
Fund Raising
Men's Fellowship
Funeral Contribution
Key Board
Sum up
Total
Expenses
Pastors Expenses
Fellowship/Hospitality
Pastors' Rent
HMRC
Sunday School
Men's Fellowship
Honoraria
Stationery
Insurance
Regional Expenses
Nest Pension
Bank Charges
Salary
Church Rent
Audit Fees
Fund Raising
2023/2024
19,091.43
3,622.41
12,573.20
10,951.00
53.00
1,320.00
0.00
0.00
26,199.25
73,810.29
1,443
480
18,450
1,426.04
729.85
800
950
1,055.72
340.6
5,570.77
990.36
209.66
12,969
22,310
708
200
2022/2023
20,909.50
2,037.92
2,800
1,750
28,032
55,529.42
2,013.60
1,102.47
16,650
1,555.65
702.22
186.83
34.42
1,299.10
825.3
185.32
14,148
24,160
756

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AFMIM (UK) Slough Assembly

PA/ Sound
Funeral Expenses
Car Exepenses
Travel Expenses
Ladies Union
Conference Expenses
Sum up Interest
Surplus/Deficit
Balance Sheet as at 31 March 2024
Current Assets
Cash in Bank
Cash in Hand (not yet banked)
Current Liabilities
Net Current Assets
Profit/Loss Account b/f
Deficit/Surplus for the year
2,169.32
455.15
71,257.47
2,552.82
2024
43,320.70
43,320.70
40,758.88
2,561.82
43,320.70
1,708
1,900
409
102
250
762
474
69,223.91
-13,693.49
2023
40,758.88
40,758.88
54,452.37
13,693.49
40,758.88

I report on the Accounts of AFMIM (UK) Slough Assembly as at 31 March 2023

Responsibilities of Trustees and Examiners

As the church trustees you are responsible for the preparation of the accounts. You consider the audit requirements

of section 43(2) of the Charities Act 1993 (the Act) as amended by s.28 of the Charities Act 2006 do not apply. It is my

responsibility to state whether particular matters have come to my attention.

Basis of Independent Examiner's Report

My examination was carried out in accordance with the General Directions given by the Charity Commission.

An examination includes a review of accounting records kept by the church and a comparison of the accounts presented

with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking

explanation from trustees concerning such matters.

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AFMIM (UK) Slough Assembly

The procedures undertaken do not provide all the evidence that would be required in an audit and consequently I do not

express an audit opinion on the view given in the accounts.

Independent Examiners Statement

In connection with my examination, no matter has come to my attention:

  1. Which gives me reasonable cause to believe that in any material respects the requirements to keep accounting records

in accordance with section 41 of the Act, as amended; to prepare accounts which accord with the accounting records and to

comply with the accounting requirement of the Act; have not been met or:

  1. To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Philip Rackstraw FCCA

Date…………………………………………

pg. 10