Company registration number: 07165173 Charity registration number: 1154262
## Disciples Fellowship Ministries UK (DFM)
(A company limited by guarantee) Annual Report and Financial Statements for the Year Ended 29 February 2024
Community Accounting Plus Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL
## **Disciples Fellowship Ministries UK (DFM)**
## **Contents**
|Reference and Administrative Details|1|
|---|---|
|Trustees' Report|2 to 4|
|Independent Examiner's Report|5|
|Statement of Financial Activities|6|
|Balance Sheet|7|
|Notes to the Financial Statements|8 to 16|
## **Disciples Fellowship Ministries UK (DFM)**
## **Reference and Administrative Details**
**Trustees** Simon Zimba Tonderai Puwai Salome Munanzvi Wilfred Sithole Loveness Mhaka Stanley Munikwa Agnes Rupango **Secretary** Loveness Mhaka **Senior Management Team** Bishop - Leonard Lupiya **Charity Registration Number** 1154262 **Company Registration Number** 07165173 **Registered Office** Methodist Church Harrison Road Leicester LE4 6QN **Independent Examiner** John O'Brien, employee of Community Accounting Plus Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL
Page 1
## **Disciples Fellowship Ministries UK (DFM)**
## **Trustees' Report**
The trustees, who are directors for the purposes of company law, present the annual report together with the financial statements of the charitable company for the year ended 29 February 2024.
## **Trustees and officers**
The trustees and officers serving during the year and since the year end were as follows:
Trustees: Simon Zimba Tonderai Puwai Salome Munanzvi Wilfred Sithole Loveness Mhaka Stanley Munikwa Agnes Rupango Kudzai Susan Kamanga (resigned 15 January 2022) Secretary: Loveness Mhaka
## **Structure, governance and management**
## _**Nature of governing document**_
The charity is a company limited by guarantee and registered charity. It is operated under the rules of its memorandum and articles of association dated 23/02/10 and as amended on 01/08/2012. It has no share capital and the liability of each member in the event of winding-up is limited to £10.
## _**Recruitment and appointment of trustees**_
The following method is adopted for the recruitment and appointment of new trustees:
1. Identify a need for a new trustee. This can be due many reasons.
2. Qualifications required will be set out. Candidates do not necessarily have to be members of the charity if they have a specific skill/qualification/experience that is required.
3. Nominations can be made by the National Leadership Board (NLB)
4. Candidates will be approached
5. Short-listing and interviews take place against agreed criteria. Interviews are carried out by a small panel of trustees, and each candidate is asked similar questions to ensure a fair and objective approach.
6. Preferred candidates are identified and invited to join the trustees, subject to references, formal vetting and approval by the full trustee board. Unsuccessful candidates are notified and thanked for their interest 7. If the preferred candidate accepts invitation then they will be nominated to be part of the trustees by the full board of trustees.
Page 2
## **Disciples Fellowship Ministries UK (DFM)**
## **Trustees' Report**
## **Objectives and activities**
## _**Objects and aims**_
The charity's objects ('objects') are specifically restricted to the following:
1. To advance the Christian faith (in accordance with the statement of beliefs below) in such ways and in such parts of the United Kingdom or the world as the trustees from time to time may think fit;
2. To relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, goods or services of any kind, including through the provision of counselling and support in such parts of the United Kingdom or the world as the trustees from time to time may think fit; and
3. To advance education in such ways and in such parts of the United Kingdom or the world as the trustees from time to time may think fit.
The aim of our charity is to empower men, women and youths by way of teachings based on our Christian faith. Equipping members and non members so they contribute positively to the communities they live in.
## **Achievements and performance**
1. The Preaching the Word of God, promoting good citizenship and brotherly love.
2. Support to DFM churches in Africa in ensuring they supported in missionary work and acquiring places of worship.
3. Counselling to members who were facing a wide range of social, mental and financial problems including visiting the sick at home and in hospital.
4. Ordaining of new Pastors to advance Christianity.
5. Donation of a 16-seater mini bus to Zambian church to alleviate transport issues on missionary work.
6. Completed the purchase of the Methodist church, Harrison road in Leicester.
7. Renting of place of worship found for Derby assembly.
8. Provision of food to the needy through DFM food bank (Hands of Love) on Sundays as well as throughout the week.
## **Financial review**
The Charity's financial position can best be described as stable. We have seen continued support of the charity by donors who are predominantly members. We have been able to comfortably meet our financial obligations whilst at the same time being able to make some savings where possible. Our reserves and savings remain untouched.
## _**Policy on reserves**_
We have a reserves policy which states our aim ideally is to hold in reserve sufficient money in our general funds to cover one-month’s expenditure for running costs.
## _**Public benefit**_
Each of the activities mentioned above have a direct benefit to parts of the general public both here in the United Kingdom and abroad (mainly in Africa).
The trustees confirm that they have complied with 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.
Page 3
Disciples FelloJv5hip Ministries UK (DFM)
Trustees, Report
PrincEpal rlsks ahd tsncertulxiies
ReduLtd donultons
CFLnLrdl risks ii)cludc lY iu?forcsccn ccoiioniic dowitiun in thL Luuiilry wlLiLh alTeLled the KeJ)era1It of tlie
chuTcli and thereby affecting tlie donors giving.
StYdl¢ment of Re5ponslbllltles
The trustees (who are also the directors of Disciples Fellowship Ministries UK (DFM) for Ihe purposes of
Lompanv lam,) ure iesponsiblc for prcpariiig thc Iruslccs, rcport and Ihe fiiiancial slalemen15 In accordance with
applicable Idw aiid United Kingdom Accounting SEandards (United Kingdom Generally Accepted .4ccouniiiig
Practice), inLluding FRS 102 The Financial Rcporlin¥ Standard &pplicable in the UK and Republic of Ireland"
The report and acLounts havL bccn prcparcd in accordaiicc WiLh the provisions in the Companies Act 2006
rclaliiiu t0 51nall cornpaiiics.
CoTnpaiiy law requires tlie Lfu4tees lo prepare financial statements for each financial year, Under coinpdny luiv
the trnqieeq mu.8¢ Iior approve thc fiiiancial statements unless they are satisfied that the} give a true and fair view
of the state of affairs of the charitabl¢ company &iid of the incoming resourG¢s and 4pplication of I'esources.
including its income and expeiiditure, of the charitable company for that period. In preparing these financial
staiemenis, the injsiees are reouired io..
%clcct 8uiiablc accounting poltcics and apply them consistcntly-
observe the metliods and principlcs in Ilic Charities SORF;
make judgements and estirna*s Ihai are reasonable ld pNdeni'
slate whether applicable accouiiltiig slaiidardb. Lompri5ing fRS IU2 have bc¢n followed, subject lo aiiy
m¥l¢ri#l d¢purtures disclosed and explained in the financial stalemenls; and
prepare the finanLial stdlemeDts un the guing uonLCrn ba%1& unlcst* it 1.% inapprLipri&le tu presume that the
charitablc cornpany llijll continue ill business,
Tli¢ trustees are responsible for keeping proper accounting re¢ords that can disclose wilh reasoiiable accuracy at
any time the financial posili()n uf Ihc clidritablc company and cndblc Ih¢m tu cnburL Ihdl ihc financial &lalemenLs
comply 1111 the Companie5 Aci 2006, They are also responsible for safeguardi118 the assets of the charirable
coimpany and hence for taking reasonable steps for the prevei)tion ld deteccioii of fvdud and other irregularities.
Tlie trusiees are responsible for the m&inienance and iniegrity of the Lorporate and financial informarioi)
incliided on the charilablc company's wcbsitc. Legislation govcrning thc prcpurAtion and di55Ctninaiion of
tinaiicial slatein¢nts Inay difter troni lesislarion iii other jurisdictions.
Small Lumpdnies prDviSlOTI Statement
Thi5 report has been prepared in accordancc with the srnall cnmpanies regime under the Compantes Aci 20U6.
The annual repo
y Ihc trustCC5 Of Ihc charity 011 21 Novcmbcr 2024 and signcd on its bchalt'by:
To
Puwai
st¢¢
Page 4
## **Disciples Fellowship Ministries UK (DFM)**
## **Independent Examiner's Report to the trustees of Disciples Fellowship Ministries UK (DFM) ('the Company')**
## **Independent examiner’s report to the trustees of Disciples Fellowship Ministries UK (DFM) ('the Company')**
I report to the charity trustees on my examination of the accounts of the company for the year ended 29 February 2024.
## **Responsibilities and basis of report**
As the charity’s trustees of the Company (and also its directors for the purposes of company law) you 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 as 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 examiner’s 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 accounting 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.
## Bi ......................................
...................................... John O'Brien MSc, FAIA, FCCA, FCIE, employee of Community Accounting Plus Fellow of the Association of Charity Independent Examiners
Units 1 & 2 North West 41 Talbot Street Nottingham NG1 5GL
26/11/2024 Date:.............................
Page 5
## **Disciples Fellowship Ministries UK (DFM)**
## **Statement of Financial Activities for the Year Ended 29 February 2024 (Including Income and Expenditure Account and Statement of Total Recognised Gains and Losses)**
|**Note**
**Income and Endowments from:**
Donations and legacies
2
Charitable activities
3
Investment income
4
Total Income
**Expenditure on:**
Charitable activities
5
Total Expenditure
Net (expenditure)/income
Net movement in funds
**Reconciliation of funds**
Total funds brought forward
Total funds carried forward
16|**Unrestricted**
**£**
144,837
16,049
2,660
163,546
(165,435)
(165,435)
(1,889)
(1,889)
451,280
449,391|**Total**
**2024**
**£**
144,837
16,049
2,660
163,546
(165,435)
(165,435)
(1,889)
(1,889)
451,280
449,391|**Total**
**2023**
**£**
164,725
14,739
1,714|
|---|---|---|---|
||||181,178|
||||(160,412)|
||||(160,412)|
||||20,766|
||||20,766
430,514|
||||451,280|
All of the charity's activities derive from continuing operations during the above two periods. The funds breakdown for the period is shown in note 16.
The notes on pages 8 to 16 form an integral part of these financial statements. Page 6
Disclples Fellowship Ministries UK (DFM)
(Registration number: 07165173)
Balance Sheet as at 29 February 2024
2024
2023
ote
Fixed SsetS
Tangible asReL
647,591
2.178
Currenl assets
DebtOTS
C,ash at bdiik dnd iii hand
12
13
17.424
l5,5_$7
21,461
431,665
45.3.126
Credltors: Arnounls falllng due wlthln one year
14
(31,254
(4,0241
Net Lurrenl a8$et5
1,727
449,102
Total assets less current liabilitie5
649,318
451.280
Credltors: Amounts falllng due ifter more thAn one year
15
199.927
N.et a99et9
449,391
451 ?80
Funds nf the eharltv:
Unrestrleled Ineome funds
Uni'egtrictcd funds
449,391
451,280
Total funds
449,391
451.280
For th¢ finanu'iul yL'ar Ldin¥ 29 FlrUry 2024 Ihr i*urily ¥ntiflLd to ix¢iiiptii)n fN?m audit undEY secrifin
477 of Ihc Cornpanics ALI 2006 Tcldling to small LompaniLs.
Direviors, responsibilities.,
Tlic mcmbcrs havc not TCqULrcd thc charity to obtain an audit of its accounts for the year in question in
ac¥ordance witl) sectiot) 476. and
The directors acknowled£e their responsibilities for complying witli the qUIreMents of the Aci with respecl
to ac¢ouiilin&i rccords dnd the prcpuratiuii ot'acLoiuils.
These financial .5tatcmciils havc bccn prcparcd in aecordancc with thc xpccial proNi$i()n,4 relatitiB to companies
subject to ihe small ¢onipanies regime within Part I S of the C,ompatties Act 2006.
The tinancial siatemen15 on pages 6 to 16 'ere approved by ihe trustees: and authori5¢d for issue on 21
November 2024 aiid signed ()n their hehalf l)y.'
Siinon Zirnba
Trusiee
The notes on pa£e5 8 to 16 fomi an iiitegral part of these fLnancial statements.
Pag¢ 7
## **Disciples Fellowship Ministries UK (DFM)**
## **Notes to the Financial Statements for the Year Ended 29 February 2024**
## **1 Accounting policies**
## **Summary of significant accounting policies and key accounting estimates**
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
## **Statement of compliance**
The financial statements have been prepared in accordance with 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)) (issued in October 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
## **Basis of preparation**
Disciples Fellowship Ministries UK (DFM) 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 notes.
## **Going concern**
The financial statements have been prepared on a going concern basis.
The trustees assess whether the use of going concern is appropriate i.e. whether there are any material uncertainties related to events or conditions that may cast significant doubt on the ability of the charity to continue as a going concern. The trustees make this assessment in respect of a period of one year from the date of approval of the financial statements.
## **Exemption from preparing a cash flow statement**
Under the exemption available to smaller charities the Board of Trustees has chosen not to include a Statement of Cash Flows within the financial statements.
## **Income and endowments**
Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.
## _**Donations and legacies**_
Donations are recognised when the charity has been notified in writing of both the amount and settlement date. In the event that a donation is subject to conditions that require a level of performance by the charity before the charity is entitled to the funds, the income is deferred and not recognised until either those conditions are fully met, or the fulfilment of those conditions is wholly within the control of the charity and it is probable that these conditions will be fulfilled in the reporting period.
Page 8
## **Disciples Fellowship Ministries UK (DFM)**
## **Notes to the Financial Statements for the Year Ended 29 February 2024**
## **Expenditure**
All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.
## _**Charitable activities**_
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
## **Taxation**
The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.
## **Tangible fixed assets**
Individual fixed assets costing £250.00 or more are initially recorded at cost.
## **Depreciation and amortisation**
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
|**Asset class**|**Depreciation method and rate**|
|---|---|
|General equipment|20% on a straight line basis|
|Computer equipment|20% on a straight line basis|
|Furniture & equipment|20% on a straight line basis|
|Motor vehicles|20% on a straight line basis|
|The cost of land & buildings included in the balance sheet but not depreciated is £646,704.||
## **Trade debtors**
Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according to the original terms of the receivables.
## **Cash and cash equivalents**
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Page 9
## **Disciples Fellowship Ministries UK (DFM)**
## **Notes to the Financial Statements for the Year Ended 29 February 2024**
## **Fund structure**
Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.
Designated funds are unrestricted funds set aside for specific purposes at the discretion of the trustees.
## **Pensions and other post retirement obligations**
The charity operates a defined contribution pension scheme for employees. The assets of the scheme are held separately from those of the charity. Pension costs charges in the Statement of Financial Activities represent the contributions payable by the charity during the year.
## **2 Income from donations and legacies**
|Donations and legacies;
Donations from individuals
Gift aid reclaimed|**Unrestricted**
**funds**
**General**
**£**
131,225
13,612
144,837|**Total**
**2024**
**£**
131,225
13,612
144,837|**Total**
**2023**
**£**
158,672
6,053|
|---|---|---|---|
||||164,725|
## **3 Income from charitable activities**
|Product sales
Conference fees
Rents & room hire income|**Unrestricted**
**funds**
**General**
**£**
-
14,364
1,685
16,049|**Total**
**2024**
**£**
-
14,364
1,685
16,049|**Total**
**2023**
**£**
15
14,724
-|
|---|---|---|---|
||||14,739|
## **4 Investment income**
|Interest receivable and similar
income;
Interest receivable on bank
deposits|**Unrestricted funds**
**Designated**
**£**
**General**
**£**
704
1,956|**Total**
**2024**
**£**
2,660|**Total**
**2023**
**£**
1,714|
|---|---|---|---|
Page 10
## **Disciples Fellowship Ministries UK (DFM)**
## **Notes to the Financial Statements for the Year Ended 29 February 2024**
## **5 Expenditure on charitable activities**
|Bank charges
Cleaning
Catering & hospitality
Conferences & events
Decorations
Depreciation
Dues & subscriptions
Equipment, repairs & renewals
Media costs
Grants given
Heat, light & water
Insurances
Legal & professional fees
Purchases
Office & general admin
Finance costs
Printing, stationery & telephone
Pastoral clothing
Rent & room hire
Repairs & maintenance
Staff welfare
Salaries, PAYE & pensions
Speaker's gifts
Training & development
Travel & accommodation
Storage costs|**Unrestricted**
**funds**
**General**
**£**
148
621
-
19,563
-
1,291
1,350
246
3,176
12,402
2,308
2,697
1,912
79
-
9,289
3,121
100
26,823
5,169
2,204
54,594
920
61
13,046
4,315
165,435|**Total**
**2024**
**£**
148
621
-
19,563
-
1,291
1,350
246
3,176
12,402
2,308
2,697
1,912
79
-
9,289
3,121
100
26,823
5,169
2,204
54,594
920
61
13,046
4,315
165,435|**Total**
**2023**
**£**
159
450
1,411
25,138
305
2,787
1,225
-
320
15,539
-
1,938
6,407
-
156
1,093
1,930
-
24,975
-
1,075
56,532
5,140
-
10,872
2,960|
|---|---|---|---|
||||160,412|
**6 Net incoming/outgoing resources**
Net (outgoing)/incoming resources for the year include:
|Depreciation of fixed assets|**2024**
**£**
1,291|**2023**
**£**
2,787|
|---|---|---|
Page 11
## **Disciples Fellowship Ministries UK (DFM)**
## **Notes to the Financial Statements for the Year Ended 29 February 2024**
## **7 Staff costs**
The aggregate payroll costs were as follows:
|**Staff costs during the year were:**
Wages and salaries
Social security costs
Pension costs|**2024**
**£**
53,227
240
1,127
54,594|**2023**
**£**
54,951
395
1,186|
|---|---|---|
|||56,532|
The monthly average number of persons (including senior management team) employed by the charity during the year was as follows:
|Average number of employees|**2024**
**No**
3|**2023**
**No**
3|
|---|---|---|
2 (2023 - 2) of the above employees participated in the Defined Contribution Pension Schemes.
Contributions to the employee pension schemes for the year totalled £1,127 (2023 - £1,186).
No employee received emoluments of more than £60,000 during the year.
The total employee benefits of the key management personnel of the charity were £50,604 (2023 - £56,429).
## **8 Fees payable to independent examiner**
During the period, the fees payable (excluding VAT) to the charity’s independent examiner Community Accounting Plus are analysed as follows:
|Accounting Plus are analysed as follows:|||
|---|---|---|
|Independent examination
Other financial services|**2024**
**£**
815
480
1,295|**2023**
**£**
735
660|
|||1,395|
## **9 Charity status**
The charity is a charity limited by guarantee and consequently does not have share capital. Each of the trustees is liable to contribute an amount not exceeding £10 towards the assets of the charity in the event of liquidation.
## **10 Taxation**
The charity is a registered charity and is therefore exempt from taxation.
Page 12
## **Disciples Fellowship Ministries UK (DFM)**
## **Notes to the Financial Statements for the Year Ended 29 February 2024**
## **11 Tangible fixed assets**
|**Land and**
**buildings**
**£**
**Furniture**
**and**
**equipment**
**£**
**Cost**
At 1 March 2023
-
3,691
Additions
646,704
-
At 29 February 2024
646,704
3,691
**Depreciation**
At 1 March 2023
-
3,617
Charge for the year
-
74
At 29 February 2024
-
3,691
**Net book value**
At 29 February 2024
646,704
-
At 28 February 2023
-
74
**12 Debtors**
Prepayments
Other debtors
Debtors includes £738 (2023: £2,738) receivable after mor
Other debtors
**13 Cash and cash equivalents**
Cash at bank|**Motor**
**vehicles**
**£**
**Computer**
**equipment**
**£**
**General**
**equipment**
**£**
15,000
7,242
61,157
-
-
-
15,000
7,242
61,157
15,000
7,015
59,280
-
76
1,141
15,000
7,091
60,421
-
151
736
-
227
1,877
**2024**
**£**
1,071
16,353
17,424
e than one year.
**2024**
**£**
738
**2024**
**£**
15,557|**Motor**
**vehicles**
**£**
**Computer**
**equipment**
**£**
**General**
**equipment**
**£**
15,000
7,242
61,157
-
-
-
15,000
7,242
61,157
15,000
7,015
59,280
-
76
1,141
15,000
7,091
60,421
-
151
736
-
227
1,877
**2024**
**£**
1,071
16,353
17,424
e than one year.
**2024**
**£**
738
**2024**
**£**
15,557|**Total**
**£**
87,090
646,704
733,794
84,912
1,291
86,203
647,591
2,178
**2023**
**£**
514
20,947|
|---|---|---|---|
||||21,461|
||||**2023**
**£**
2,738|
||||**2023**
**£**
431,665|
Page 13
## **Disciples Fellowship Ministries UK (DFM)**
## **Notes to the Financial Statements for the Year Ended 29 February 2024**
## **14 Creditors: amounts falling due within one year**
|**14 Creditors: amounts falling due within one year**|||
|---|---|---|
|Bank loans
Other taxation and social security
Other creditors
**15 Creditors: amounts falling due after one year**
Bank loans|**2024**
**£**
25,569
1,116
4,569
31,254
**2024**
**£**
199,927|**2023**
**£**
-
1,489
2,535|
|||4,024|
|||**2023**
**£**
-|
## **16 Funds**
|**Unrestricted funds**
**_General_**
General Fund
**_Designated_**
Building Fund
**Total funds**|**Balance at 1**
**March 2023**
**£**
264,704
186,576
451,280|**Incoming**
**resources**
**£**
162,842
704
163,546|**Resources**
**expended**
**£**
(165,435)
-
(165,435)|**Transfers**
**£**
187,280
(187,280)
-|**Balance at**
**29 February**
**2024**
**£**
449,391
-|
|---|---|---|---|---|---|
||||||449,391|
The specific purposes for which the funds are to be applied are as follows:
The designated Building Fund are the funds raised for the future purchase of a place of worship.
The transfer from the designated Building fund to the General fund is the release of these funds for the purchase of the building during this financial year.
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## **Disciples Fellowship Ministries UK (DFM)**
## **Notes to the Financial Statements for the Year Ended 29 February 2024**
|**Balance at 1**
**March 2022**
**£**
**Unrestricted funds**
**_General_**
General Fund
243,862
**_Designated_**
Building Fund
186,652
**Total funds**
430,514
**17 Analysis of net assets between funds**
Tangible fixed assets
Current assets
Current liabilities
Creditors over 1 year
Total net assets
Tangible fixed assets
Current assets
Current liabilities
Total net assets|**Incoming**
**resources**
**£**
**Resources**
**expended**
**£**
180,139
(159,297)
1,039
(1,115)
181,178
(160,412)
**Unrestricted**
**General**
**£**
647,591
32,981
(31,254)
(199,927)
449,391
**Unrestricted**
**General**
**£**
**Designated**
**£**
2,178
-
266,550
186,576
(4,024)
-
264,704
186,576|**Balance at 28**
**February 2023**
**£**
264,704
186,576|
|---|---|---|
|||451,280|
|||**2024**
**Total funds**
**£**
647,591
32,981
(31,254)
(199,927)|
|||449,391|
|||**2023**
**Total funds**
**£**
2,178
453,126
(4,024)|
|||451,280|
## **18 Trustees remuneration and expenses**
No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.
No trustees have received any reimbursed expenses or any other benefits from the charity during the year.
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## **Disciples Fellowship Ministries UK (DFM)**
## **Notes to the Financial Statements for the Year Ended 29 February 2024**
## **19 Related party transactions**
During the year the charity made the following related party transactions:
## **Bishop Lupiya**
(Bishop Lupiya is an employee of Disciples Fellowship Ministries Uk)
In 2020 a loan was made to Bishop Lupiya. The Loan was for £10,750 and repayments of this are made each month as a deduction of salary over 5 years. £2,000 has been repaid this year. At the balance sheet date the amount due from Bishop Lupiya was £2,742 (2023 - £4,742).
## **Rev Hlala**
In 2020 a loan was given to Rev Hlala of £600, this has now all been repaid. At the balance sheet date the amount due to/from from Rev Hlala was £Nil (2023 - £500).
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