Company registration Iiumber.. 07165173 Charity registration number.. 1154262 Disciples Fellowship Ministries UK (DFM) (A company limiied by guarantee) Annual Report alld Financial Statements for the Year Ended 28 February 2022 Cojnmunity Accounting Plus Units l & 2 North West 41 Talbot Street Nottin¥hatn NGI 5GL
Disciples Fellowship Ministries UK {DFM) Contents Reference and Administrative Details Trustees, Report 2to5 Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements 9t016
Disciples Fellowship Ministries UK {DFM) Refer¢n¢¢ and Administrative D¢t#ils Tru5t¢es SiTnon Zimba Tonderai Puwai Salome Munanzvi Wilfred Sithole Lliveness Mhaka Stsnley Munikwa es Rupango Loveness Mhaka Seeretary Senior Management Tearn Bishop - Leonard Lupiya Reverand - Victor Sinkamba Charity Registration Number 1154262 Company Registration Nuber 0716517i Registered Office Methodist Church Harrison Road Leicester LE4 6QN John O'Brien, employee of Community AccountingF Plus Units l & 2 North West 41 Talbot Street Nottiiigham NGI 5GL Independent Examiner Page I
Disciples Fellowship Ministries UK {DFM) Trust¢¢s' Report The trustees. who are directors for the purposes of company law: present the aiinual report together with the financial 5tatement5 of the charitable coinpany for the year ended 28 FebrLry 20?2. Trustees and officers The trustees and officers serving during the year and sin¢e the year end were as follom's.. Trustees.. Simon Zimba TL)nderai Puwai Salome Mujianzvi Wilfred Sithole Loveness Mhaka (appointed 28 March 2021) Stsnley Miiiiikwa {appointed 28 March 2021) Agnes Rupango (appointed 28 March 20211 Kudzai Susan Kamanga {resign¢d 15 January 2022) Secretary.. Loveness Mhaka (appointed 28 March 2021) Structure? governance and m8nagement Naiure ofgovernlng ductsmertl The charity is a coinpany limited by guarantee and registered charity. It is operated under the rules of its memorandum and articles of association daied 23102110 and as amended on 0110812012. It has no share capital and the liability ol'each member in the event of winding-up is limited to £10. Recruilmenl &ppoinlmeptl ofiruslees The following method is adopted for th¢ r¢crnitment and appointment of new trvstee5'. l. Identify a need of a new trustee. Thi5 can be due to many reasons,. 2. Qualifications required Th'ill be set oiit. Candidates do not necessarily have to be TnembeTS of the charity if they have a specific skilvqualification that is required; 3. Nominations can be made from the members of the charity,. 4. Candidates will be approached: 5. Sliort-listing and intervieiv5 take place agaiiist agreed criteria. Intetviews are Caled out by a small panel of trustees. ai)d each candidate is asked siinilar questions to ensure a fail and objective approach", 6. Preferred candidates are identilied and invited to join the trustees. subject to references. fonnal vetting and approval by the full trustee board. Unsuccessful candidates are notified and thanked foi theii ii)terest". 7. If the prelerted candidate aecepts ii)vitation thet) they will be nominated to be part ol. the tiustees by the full board ol'trustees. Page 2
Disciples Fellowship Ministries UK {DFM) Trust¢¢s' Report Objectives and aetivities Objects ond uims li¢ charity'5 objects ('objects') are specifically restricted to the following.. l. To advance the Christian faith {in accordance with the statement of beliefs below) in su¢h ways and in such parts of the United Kingdoin or the world as the trustees from time to time may think fit; 2. To relieve sickiiess and fiiiancial hardship and to proinote and preserve good health by the provision of nds, goods or services of an}. kind: including throiigh the provision of counselling and 5UPPOrt in sucli parts of the United Kiiigdom or the world as the trustee5 from time to tiTne may thiiik fit,. and 3. To advance education in such ways and in such parts of the United Kiiigdom or the world as the trustees from time to time may think fit. The aim of L)ur charity is to empower men, women and youths by way L)f teachings b&sed on our Christian faiih. Equipping members and non members so they contribute positively to the communities they live in. Oljjeclives, slrqlegies anduclivilies Following the Covid-19 paiideTnic we have seen a resurgence with the congFrebFation slowly returning increasing the membership as well as finances.. l. Support for members who were sick and those who had lost loved ones through death in UK. 2. Support to DFM churches in Africa in ensuring they supported their members iii facingF financial hardship to alleviate the impact of the pandemic. 3. Counstlling to ineinbers who were facing a wide rdi)ge of social, mental and fii)ancial problems mainly done via zoom or social media. 6. Preaching of the Word of God pron)oting good citizenship and brotherly love li) the cominunities where our churches are established mainly done via zoom or facebook. Achievements and performance The lasi year has seen ihe great increase in.. l. the charity's support on the community through food parcels and groceries and financial assistance - Up to £?(100.00 worth of goods and money provided. 2. Support for members who were sick and those who had lost loved ones through death in UK.. - JO members. Support to DFM churches in Africa in ensuring they supported their members in facing financial hardship due to Covid.. £2000.00 and promoting church building projects in Africa. 4. Counselling to members who were facing a 'Ide range of social, mental and financial problems.. members. 5. Preaching of the Word of God promoting good citizenship and brotherly love in the communiries where our churches are established- Reached thousands around Ihe world via social media. 40 Finaneial revie The Charity's financial positioii can best be described as stable and resilient to even after having faced th¢ negative effects of the Covid-19 pandemic. We have seen continued sUPPOrt of the charity by donors who are prcdominantly members. We have been able to comfortably meet our financial obligations whilst at the same tim¢ being able to make some savings where possible. Page 3
Disciples Fellowship Ministries UK {DFM) Trust¢¢s' Report Poliry on reserves The Ministry ha5 a reserve policy to protect the charity a¥ain5t drops in income and allow it to take advantage of new opportunitie5. It is reviewed annually. Our Reserve5 policy 15 as follows.. {a) Our General Fund". We aim ideally to hold in reserve sufficient moi)ey in our general funds to cover one-month's expenditure. The reason for this is twoftsld..- {1) The church i)eeds around one moiith's average expenditure in reserve as working capital to cover nom)al running costs; {ii) Maintenance on church equipmentthuildings and SclaI outreach events are mainly funded from quarterly fundraising efforts. Ib) Our Church Building Fund.. We maintsin a Building Fund held by The Trustees for Disciples Fellom'ship Ministry, UK (DFM) for the planned purchase of our buildings for church and community use. The fund is kept in a designated buildijig fLll)d account. The estimated total cost is £?50,000 of which £188,502 has been raised to date. The Building Fujid will be held by the trustee5 of the Disciples Fellowship Ministries UK (DFM) until the building purchase has been successfully completed. Provisioji for a Development Fund ..ould tlien be put in place to replace the Building Fund. Public benefil Each of the activities mentioned above have a direct benefit to parts of the general public both here in the United Kingdom and broad (mainly in Africa). The trustees confinn that they have complied w'ith the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales. Printipul Tiiks RedtiL'ed d(Jnalion5 General risks include an economic downtum caused by the Covid-19 pandemic in the country which affects the generaliiy of the church and thereby affecting the donors giving. Page 4
Diqeiple5 Fellowskip Mi•i%tries UK (DFM) The trnst¢¢s art tht thr¢¢by5 of Fdk)wshT"p MinistrKs Uk IDFM) fix the purp)se5 of compwry law) ve Mpyble fot prtynn8 the Itrt d the finmci41 5tstemets in ¢cordce wqth the United AccoLmtin¥ St4nduds IUnid Cmerally Accepted A¢Coong Prackncel and 4Jplica¥le IAW td reIa{Ls The ww)rt hvt be¢n in ac¢4)rdw¢ ith the pro$ in the Conwanies Act 21XJ6 re14Dfi8 small COM1¢$. Compthy l•w reqwres the mbee5 prep¢ 5tslnts for eath fin¥W yeu Under compwry 14w the tr¢¢$ mwt wovt the fina1 thry aTe saDsfied thm thry •Jd fair wew of the sme of of the ChAnle company of resources yli¢•tson of le5ou¢s. Includin8 its income •)d expNth'ttwe. for thtt penod In pryring these finmcid stat¢mwrfs. the trustees rtyuired to.. Xlea 3uitsblt 11¢1¢3 •MI 4Wy them c(wisMn¢ly: sthte wthether ippliuble UK Acco¥ Sw)d4rds hfft beffi follow sthj'effl io My material depAmir¢s th'sclLwd 4nd eXplTr¢d in the financial stsiwnents. preprt the financil M¢ments on th¢ 8OW8 ¢(#Kem b15is li is k) presume thw the chtlIe comparry wll ¢rtme in bwines¥ The trustees e Te5wmsible kn ktwn8 tt¢ow)tsn8 reo)r& thAt •r¢ sdfiotyt ¢0 show and expl•in the ¢hantable comp¥ry's th10 with leas1¢ a¢cw•¢y ai wy tsme the ry1110n ofthe chtable compw ¢nble them enswe the firhon¢ial guiements ¢otwTrty the Compawes A¢t 2(M)6. Th¢y also rnswwble for s•fe¥uArthn8 the tssets of the chan1¢ ¢on4Y and hfflc¢ for thkin r¢Imle for the dffleai(ffi of fraud #Id other irregularities. by thB the¢lity 14 2022 •rd ii•*l 00 i¥ belwlf br.
Disciples Fellowship Ministries UK {DFM) Indep¢ndent Examiner's Report to the trustees of Di$¢ipl¢s Fellowship Ministries UK (DFM) Independent examiner'5 report to the tru5tee5 of Disciples Fellowship Ministries UK {DFM) {'the Company,) report to the charity trustees on my examinatioii of the accounts of the company for the year ended 28 February 2022. Responsibilities and basis of report As the charity's trustees of the company (and also its directors for the purposes of company lawl you are responsible for the preparation of the accounts in accordance with the requirements L)f Ihe Companies Act 2006 {'the 2006 Aci,). Having satisfied myself that the accounts of the Company are not required to be audit¢d under Part 16 of the 4006 Act and are eligible for independent examination, I report in respert of my examination of your Charity's accounts as carried out under section 145 of the Charities A¢t 2011 {'the 2011 Act,). In carrving out my examination I have followed the directions given by the Charity Commission under section 145(5) (bl of the 2011 Act. INdepeThdent examiner s statement I have completed my examination. I confimi that no matters have come to Iny attention in connection with the examination giving me cause to believe that in any Inaterial respect.. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or 2. the accounts do iiot accord M'ith those records., or the accounts do not comply with the accounting requirements of section 396 of the 2006 Act oiher than any requirement thai 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 lapplicable to charities preparing their accoiints in accordance with the Finan¢ial Reporting Standard applicable in the UK and Republic of Ireland (FRS I 0?)]. I have i)0 concems and have come across no other Inatters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the aecounts to be reached. Joliii O'E3rieii MSL. bLLA, FLIE, employee of Community Accounting Plus Fellow of the Association of Charity Independent Eyaminers Units l & 2 North West 41 Talbot Street Nottinghatn NGI 5GL Date.. 2311112022 Page 6
Disciples Fellowship Ministries UK {DFM) Statement of Finaneial Attiviti¢s for the Year Ended 28 February 2022 (Ineluding Income and Expenditure Account and Statement of Total Reeognised Gains and Losses) Total 2022 Total 2021 Unrestricted Note Income and Endowments fro. Donations and legacies Charitable activities Investment income 188,273 3,140 247 188,273 3,140 247 181,849 7,327 71i Total Income 191,660 191,660 189,889 Expenditure on.. Charitable activities (137.9031 (137.9031 (1?7.611} Total Expenditure (137.9031 (137.9031 (127.611} Net iiicotne 53.757 53,757 62,?78 Net movemeiit in funds 53.757 53.757 62,278 Reconeiliation of funds Total funds brought forward 376,757 i76,757 i14,479 Total funds catTied fovard 15 4iO,514 430,i14 376,757 All of th¢ ¢harity's activities derive from continuing operations during the above two periods. The funds breakdo for the period is shown in iiote 15. The notes on pages 9 to 16 foTn) ali iiitegrdl part of these financial statements. Page 7
Dlseiples Fellowshlp Ministries UK (DFM) (Registration number: 07165173) Balance Sheet as at 28 Febrnary 2022 2022 2021 r4ote Fixed asset$ Tangible asset5 4,570 13,164 Current #iset$ Debtors Cash at bank and in hand 12 67,375 361,816 38.577 327,518 366,095 13 429,191 Credltors: Amounts fo]Jing due wAthln one year Net eurreDt a$get$ 14 3.247 (2,502 425.944 363.593 Net agsets 430.514 376.757 Funds of tb¢ ¢harlty: Unrestricted iDcome funds Unrestrictcd fimds 430,514 376,757 Total funds 15 430.514 376,757 For the financial year ¢nding 28 February 2022 the charity was entitled to exemption from audit undcr section 477 of the C¢)mpanies Act 2006 relating to small companies. Directors, responiibilities: The members have not required the charity to obtain an audit of its accounts for the year ill quesiion in accordance with s¢¢tion 476,. and The directors a¢knowledge their responsibilities for complying with the requiTemcnt5 of the Act with respect to ac¢ountin8 r¢¢ords and the preparation of a¢¢tsunt$. These financial statements have been pr¢pared in accordance with the special provisi¢)ns relating to eompanies subject to the small COTnponies regime wÈthin Part 15 of the Companies Act 2006. The fllwicial stateAneDts on pages 7 to 16 were approved by the trllst¢, and authorised for issu¢ on 14 November 2022 and sigD¢d on their behalf by.. Simon Zimba Trustee Tbe notes on page5 9 to 16 forni an integral part of tbese financia] statuncnts. Page 8
Disciples Fellowship Ministries UK {DFM) Not¢s to the Financial St#tem¢nts for the Year Ended 28 February 2022 Aeeounting polieies Sumrnary of significant accounting policies and key accounting estimates The principal accounting policies applied in the preparaiion of these financial statsments are sei out below. These policies have been consistently applied to all ihe years presented, unless otherwise stated. Statement of eomplik)nee The fingncial statements have been prepared in accordance with Accounting and Reporting by Chariiies.. Statement of Recommended Practice {applicable to chariiies preparing their accounts in accordance with the F inancial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021) {issued iii October 20191 (Charities SORP IFRS 102)), the Fillancial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) alld the Companies Aci 2006. Basis of preparation Disciples Fellowship Mit]istries UK (DFMI meets the definition of a public benefit entity under FRS 102. Assets and liabilitie5 are initiallv recognised at historical cost or transaction value unless otherwise stated iji the relevant accounting policy notes. Going coneern The financial stalemeiits have been prepared on a going concem basis. The trustees assess whetl)er the use of goiiig conLetli 15 appropriate i.e. whether tl)ere ale any material uncertainties related to events or conditions that may cast significant doubt oli the ability of the charity to coiitinue as a ¥oiii¥ LonLern. The trustee5 tnake thi5 as5es5ment in respect of a period of one year frotn tl)e date of approval of the financial statements. Exemption from preparing a cash now 5tat¢ment The charity opied io adopl Bulleiin I published on 2 February 2016 and have therefore not included a cash flow siatemeni in these financial statements. Income 8nd endowments Voluntary income including donations, gifts. legacies and grants that prlivide core funding or are of a general nature is recognised when the charity has eniitlement io ihe income. li is probable thai the income w'ill be received and the amouni can be measured wilh sufficieni reliabiliiy. Donfil{n.% and legucie.s Donations are recognised when the charity has been notified in mlting of both the amount and settlement date. lil the event that a donatioii is subject to conditions that require a level of perfonnance by the charity before the charity is entitlcd to the funds, the income is deferred and iiot recognised until either those conditions are fully et. or the fulfilment of those coiiditions 15 wholly Th'ithin the control of the charity. and it is probable that these conditions will be fulfilled in the reportin¥ period. Page 9
Disciples Fellowship Ministries UK {DFM) Not¢s to the Financial St#tem¢nts for the Year Ended 28 February 2022 Expenditure All expcnditiir¢ is rQgnised once there is a legal or constructive obligation to that ¢xp¢nditur¢, it is probable settlemcnt is required and the amoiint can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregaie similar costs to that ¢ategnry. Where cost% cannot be dire¢tl}' attribiit¢d to particular headiiig% they havc been allocated on a basi% con%istent with the use of resoiirces, with Central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of th¢ asset's use. Other support costs are allated based oii the spread of stsff costs. Chtsrltthble aeilvliles c.haritable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneliciaries. It includes both costs that cai) be allocated directly to such activities and those costs of an indirect nature necessary to support them. Taxatio The charity is CL)nsidered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets the defiiiition of a charitable company for UK corporation tax purposes. Accordingly, the chariry is potentially exempt from taxation in respect of income L)r capital gains received within categories covered by Chapter i Part I l of the Corporation Tax Act 201 O or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to chariiable purposes. Tangible fixed assets Individual fixed assets costing £250.00 or more are initially recorded at cost. DepreeiAtion and amortisation Depreciation is provided on tangible fixed assets so as to }TIte off the cost or valuation, less any estimated residual value, over their experted usefvl economic life as follows.. Asset elass General equipment Computer equipment Furniture & equipment Motor vehicles Depreeiation method and rate 20 /0 on a straight line basis 20 % on a straight line basis 20 /0 oli a straight line basis 20 % 01) a straight line basis Trade debtors Trade debtors are attjounts due from customers for merchandise sold or services perfomied in the orditjary eourse of business. Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method. less provigion for iinpainneiit. A provision for the iinpainnent of trade debtors is established wheii there is objective evidence that the charity will iiot be able to collect all amounts due according to ihe L)riginal tern)s of the receivables. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits. and other short-tem) highly liquid investments that are readily CL)nvenible to a known amount of cash and are subjeci to an insignificant risk of change iii value. Page 10
Disciples Fellowship Ministries UK {DFM) Not¢s to the Financial St#tem¢nts for the Year Ended 28 February 2022 Fund strueture ljnrcstrictcd in¢ome funds are general ndS that are available for use at the truste¢s' discretion in furtheran¢e of the obj¢rtiv¢s of the charity- Designated fund5 are unrestricted funds Set aside for specific putposes at the discretioii of the trustees. Pensions and other post retirement oblig8¢ion5 The Lharity operateg a defii)ed contribution pension scheme for employees. The assets of the scheme are held separately from thtsse of the charity. Pension costs charges in the Stateinent of Financial Activities represent the Contributions payable by the charity during the year. 2 Income from donations and legacie5 Unrestricted funds Designated General Total 2022 Total 2021 Donations and legacies; Dtsnations from ii)dividuals 300 133,857 54,116 134,157 54,116 154,398 27,451 Gift aid reclaitned JOO 187,97) 188?7) 181,849 3 Income from eharitable activities Unrestricled T(Trtal 2022 Total 2021 General Product sales Conference fees 170 2.970 170 2.970 86 7,241 i.140 3,140 7,327 4 Investment income Unrestricted funds Designated General Total 2022 Total 2021 Interest receivable and similar income; Interest receivable on bank deposits 182 65 247 713 Page 11
Disciples Fellowship Ministries UK {DFM) Not¢s to the Financial St#tem¢nts for the Year Ended 28 February 2022 5 Expenditure on eharitable activities Unrestricted funds Designated General Total 2022 Total 2021 Bank charges Catering & hospitality Cleaning Computers. software & media Conferences & events Decorations Depreciation Dues & subscriptions EquipmenL repairs & renewals Grants given Fui)draising costs Insuraiice5 92 222 92 222 36 105 1,560 2.201 918 1,560 2.201 918 597 4.789 26 11,892 420 1,682 19,219 8,973 1,997 8,973 1,997 8.696 8,696 1,997 875 1,997 3,207 2,146 874 .241 300 Legal & professional fees Office & general admin Finance costs Priniing, staiionery & telephone Pastoral clothing Relit & room hire 2,332 2,146 874 380 1,664 1,197 1,550 229 28,615 220 1,550 229 28,615 220 34,381 Vehicle repair5 & maintenance Staff welfare 288 36,454 1,870 1,500 9,552 Salaries, PA YE & pensions Speakerfs gifts Stipend Travel & accommodation Storage costs 61,041 3,740 61,041 3,740 7,847 1.778 7,847 1,778 2,332 135.571 137,903 6 P4et incomingloutgoing resources Net inLotning rt50urLes for the year iiitlude.. 2022 2021 Depreciation of fixed assets 8,973 Page 12
Disciples Fellowship Ministries UK {DFM) Not¢s to the Financial St#tem¢nts for the Year Ended 28 February 2022 7 Staff eosts The aggr¢gat¢ payroll costs were as follows.. 2022 2021 St8ff £0s¢s during the year were: Wages and salaries Social security costs Pension costs 59,?35 620 1,186 35,100 269 1,085 61,041 36,454 The monthly average number L)f persons (including senior management team) employed by the charity during the year was as follows.. 2022 No 2021 No Average number of employees 212021- 1) of the above employees participated in the Defined Contributioii Pension Schemes. Contributions to the employee pensioi) heMeS for the year totalled £1,18612021 £1,085). No ¢mploye¢ re¢eiv¢d emoluments of more thgn £60,000 diiring the yew. The tothl employee benefits of the key management personnel of the charity were £57,936 {2021- £36.226). 8 Fees payable to independent examiner During the period, the fees payable (excluding VAT) io the charity's independent examiner Community Accounting Plus are analysed as follows.. 2022 2021 Independent examiiiation 700 670 9 Charity status The charity is a charity limited by giiarantee and consequently does not have share capitsl. Each of the trustees is liable to contribute an amount not exceeding £1 O towards the assets of the charity in the event of liquidation. 10 Taxation The charity is a r¢gister¢d charity and is therefore exempt from taxgtion. Page 13
Disciples Fellowship Ministries UK {DFM) Not¢s to the Financial St#tem¢nts for the Year Ended 28 February 2022 I l Tangible fixed assets Furnlture and equipment Computer equipment General ¢quipmenl Motor vehi¢1¢5 Total Cost At l March 2021 Additions 3,691 15,000 6,863 379 60,762 86,316 379 At 28 February 2022 3,691 15,000 7.242 60,762 86,695 Depreciation At l March 2021 Char¥e for the year 3,068 274 12,000 3,000 6,038 488 52,046 5.211 73.152 8,97i At 28 February 2022 3,342 15,000 6,526 57,257 82,125 Net book value At 28 February 2022 349 716 3,505 4,570 At 28 February 2021 623 3,000 825 8,716 13,164 12 Debtors 2022 2021 Prepayments Other debtors I,Oli 66,362 420 38,157 67,375 38,577 Debtors includes £4,742 (2021.. £6,750) receivable after more tha]i one year. 2022 2021 Other debtors 4,742 6,750 13 Cash and Cash equivalents 2022 2021 Cash at bank i61.516 327,518 Page 14
Disciples Fellowship Ministries UK {DFM) Not¢s to the Financial St#tem¢nts for the Year Ended 28 February 2022 14 Creditors: amounts falling due Ivithin one year 2022 2021 Other taxation and Sla] securiry Other creditors 2,176 1,071 ,317 1.185 3,247 2,502 15 Funds Balance at I March 2021 Incoming resources Resource5 expended Balance at 28 February 2022 Unrestricted funds Gener&1 General Fund 188,255 191,178 {135,571} 243,862 Designoled Building Fund 188,502 482 12,332 186,652 Total funds 376,757 191,660 {137.90i} 430,514 Balanee at I March 2020 Ineoming resourees Resourees expended Balance at 28 February 2021 Unrestricted fund5 Generol General Fund 126,144 189,422 188,255 De.signuled Building Fund 188,335 467 (300) 188,502 Total funds 314,479 189,889 {127.611} 376,757 16 Analysis of net assets between fund5 Unrestrieted 2022 Total funds General Designated Tai)gible fixed assets Ciirrent assets Current liabilities 4,570 24?,539 13 ?47) 4,570 429,191 13,247) 186.652 Total net assets ?43,86? 186,6)2 430,i14 Page 15
Disciples Fellowship Ministries UK {DFM) Not¢s to the Financial St#tem¢nts for the Year Ended 28 February 2022 Unr¢5tricled 2021 Total funds General Designated Tangible fixed assets Current assets Current liabilities 13,164 177,593 (2.502) 13,164 366,095 12,502} 188,502 Total net assets 188,255 188,502 i76,757 17 Trustees remuneration and eipense5 During the year the charity made the following transactions with trugtees.. Simon Zimba £Nil12021.. £120) of expenses were reimbursed to Simon Zimba during the year. Mailes Lupiya £Nil12021.. £600) of expei)5es were reimbursed to Mailes Lupiya during the year. This year Mailes Lupiya received Mi5sitsn House rent to the value of £1.30012021.. £14,700). AgDes Rupango £18019021.. £Nil) of expenses were reimbursed to Agnes Rupango during the year. No trustees have received any reinuneration from the charity diiring the year. No trustees have received any other benelits from the charity during the year. 18 Related party transaetions During the year the charity made the following related parry transactions.. Bishop Lupiya {Bi%hop Lllpiya is an employee of Disciples Fellowship Mini%tries Uk) During last year a loan M'as made to Bishop Lupiya. The Loan was for £10,750 and repaytneiits of this are made each nionth as a deduction of salary over 5 years. £? 004 ha5 been repaid thi5 year. At the balance sheet date the amouiit due from Bishop Lupiya was £6,746 (2021- £8,750). Rev Hlala During last year a loan was given to Rev Hlala of £600, £100 was repaid last year bur no funher repayments have been made since then. At the balance sheet date the amount due from Rev Hlala was £500 (2021- £500). Page 16