REGISfERED COMPANY NUMBER: 08833424 IEn8land and Wales) REGISTERED CHARITY NUMBER: 1156317 ¢TWt ASSEMBLIES OF THE FIRsf BORN TRUSTEES, REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31JULY 2023 Le8•1 ond Adrdn1$tra￿ Irrforn￿0n 4t07 Independent Examlnerfs Report Slatsment of Fina￿1•1 Acb¥ikn Balanc• Sh••t Notes to the Flnandal Acthfftles llto15 TrUSTEE&' ftev A Brown Rev J l Green-wright MrH EThomas Rev E K Vassell COMPANY SECREfARY. E K Va55ell REGisfERED OFFI￿. The HotyTrinity Churth 117 London Road Derby DEI 2QS REGISTERED COMPANY NUMBEIL. 08833424 {Er4land and Wales) REGISTERED CHARITY NVMBEIL. 1156317 INDEPENDEKf EXAMINEK. Arinola James OgUr￿anwO San Phillips Finance Limited 74 Kehrin Gardens Croydon Surrey CR04UR EP The Board ofTrustees are pleased to present our report and xcounts for the year ended 31July 2023. The trustees are also directOf5 of the tharity for the purposes of the Cornpanies Art 2LK)6. The ffinancial statements have been prepared In accordarKe with the Companie5 Act 21MJ6. the Charriie5 Att 2011 and Accounting and ReportSn8 by Charitles: Statement of Recommended Pradio ISORPI applicable to charities preparingtheir accounts In accordan￿ with the Flnandal Reportlng Standard appficable In the UK and Repubfic of Ireland IFRS1021, effective l January 2021. We are thankful to God and for the 5UPWt and help of our church ministers. offi￿r5, members and volunteers we were able to continue on our rn￿10n ar￿ meet rnany of our obiecll¥esforthe year and tske on some additional responsibilities. The Charity, Assemblies of the Flrst Born IAFBI. continue5 to have has fourteen church branches throughout the UK based In London, Croydon, Luton, Swindon, Bristol, Birmingham, Walsall, Dèrby and Nottingham. We a150 share fellowship wth other churches both on a natlonal and international b￿15 whlch Includes AFB ftllowships in Jamaica, USA Canada and Grdnd Cayrnans and IndH and have three intemational partner thurche5 based in New York and Florlda In the USK We have been estsbllshed slnce 1961 and are grateful for the rlth history and churth planting of ourfoundingfathers and mothers who We￿ part of the Windrush Generation. The Assemblles of the First Born Church continues to pri(￿ the reachirvg out to as rnary people as posslble wSth the message ¢f the Gospd of Jesus Christ and to help and supwt people to discover their potential and live a fulfilling life. The Churth Is a member of the Evawliol the Natlonal Council for Voluntary Organisations {NCVO), the Association of Churth Accountsrrts and Treasurers IACAn and the Pentecostsl Crerfit Union IPCU}. The Trustees are also indebted to our Statutory Au¢frtors, Lewoy Reld & Co. Chartered Certlfied Auditors. 299 Norbofough Road, Norbury. London SW16 4TRwhose contlnuin8 supportand available advice was been paramount In helping us to meet our ststutory responsibilltles overthe last few yeats. We are also grateful to both NVCO (the National Council for Voluntaryorganisationl and ACAT (the Association of Church Accountants and Treasurer51 for their supporL resources and advice made available to us as members. OBJEcllvES AND AcrivinES Publlc benefft The Trustees are aware of the Charity Commission's 8uidelines on public benefft.The work ofthe tharity includes the provlsion of free to Use pla￿ of worshlp. prayer and publK orfentsted actlvitse& The funds rdised by the Charity are wholly rfirerted towards the religious and charitsble objeclives of the Charlty. The Trustees are therefore of the wew that the Charity satisfies the crbteria laid down for meeting the publlc Interest tesL Our mlssloD Is to: To preach and teath the 805pel ofjesus ChrisL To evanEelise and win soul& To work within our communlty. To bulld a church of believers who are ernpowered and equlpped to achleve thelr full potential. To maintaln a friendly and lov1￿ emiironment where everyone can flourish and feel accepted. To encourage bellevets to recognise their spirltual grts so thatthey may operate within those mlnlstrles. (￿r set oblerll¥es forthh reptyUryye•r w wtolow mlsthn knduded hold1￿ and delIverf￿the foll General Convention 2023 Women's Convention 2023 Youth Conventlon 2023 Re8lonal and local evangellstlc outrthich and felltrwshlp meetlngs Local weekfy Sunday school sessions Local weekly prayer rneet1n￿ and bible studw sessions Home and supportvlslts to unwdl member5. families aNS frlends Hospital visits Care home visit Provision of baty and thild ble551 Provision of baptisms Provision of wedding ceremonies Provision of funeral seplices In addstlon, we have been able to prolidefood banks and distribute both food and dothing to those In need within our local communities. Governing document The Charitable company Is govemed ty a Memorandum and Articks of Association dated 13th November 2013 and was Incorporated as a Ilmited compary. limited by guarantee on the 6thJanuary 2014. as defined by the Companies c 2006 The old tharity formerly known as Assernblie5 of the Born, tharity no. 258457 was converted irrto Scheme under the guidance of the Charity Commission on 16th October 2014, whweby the old charity ha5 been removed and re4stat4ished as Assembfies of the First Bom Charity and linked to the principal charity uslng charity no. 1156317-01. For purposes of Part11 Iregistralionl and Part Vi (accounting) of the Charities Act 2011, the comrnission directs that as at the date of the Scheme shall be treated as forming part of the company. Under the Stheme to the Company asTrusfeesto be held in trust forthe object of the Charity. The objects ofthe Charity are for the athlancement of the Christian faith for the benefft ofthe public according t¢ the rltes and doctrine of the Churth of the Assemblies of the First Bom and to further such exdusive charitsble religious pUr￿e$ according to En8li5h law as theTrustees shall from time to tSme direct in any part ofthe World. The Members of the Board ofTrustees who served durln8 the year were: Rev E K Vassell- Chair Rev A Brown Revj l Green-wright Mr H EThomas The trustees are familiar with the WOfkSngs of the church and charity being drawn from experienced church officers and members. As required by 0urgovern1r￿ document, all new tn￿tee$ are selerted by the Board of Trustees. An inductTon into the role and responsibilities is provided. The Board of Trustees work with the Executi￿ Board to provide strategic leadership for the aciivities of the Charity and with our Ministers Council working with local church officer5 and members to implement the dedsions ofthe Trustee and Executi￿ Boards. Related hrtle5 The trustees are aware that eath memberofthe Board ofTrnstee4 the executlve board members, all ordalned rninlster5 and thelr spouses are consSdered to be related partles. Staff and Wunteers The effor¢ cwnrnitment and sk11￿ of our staff and Volurrteers are at the heart ol our charity. Our secretaries, treosurers. mernbe￿, and tyjtreach wofkets are truly valued, and we are commltted to ensurlng tr*lr health. safety and wellthln8. Rlsk management and S•feAuardlni The Trustees have a duty to identify. manage and revlew the risk5 to whlth the charity Is ￿ed and to ensure approprlate financial controls are in place to provide reasonable assuran￿ against fraud and error. The Board conducts reviews of major rlsvs to whSch the charfty Is exposed arKI has put in place adequate guidelines and procedures for Identifylng. monltoring and manaeement of those rlsks. The Health and Safety and Safeguarding of all our wsitor5 and members is a central priority and we a150 undertake DBS checks and provide training for stsff and volunteers as appropriat& Grnnt m*klni The Charity does not make arys78nificantrdnts to in￿NIdual$ or other organisations. The Charity does however. assist or make contributiorts to other associated thun1￿ In Jan￿lca. lThlia and the USA In regards lo thefulfilment of our tharitsble objects. Futwe plans The ASSem￿leS ofthe FI￿ Born thurth Is cornmiited to contlnuous Improvement to our ability to spread the good news of the gospel of Jesus ChrfsL We have the following three ￿￿Ing main 5tiategic ObJeC￿s. L Evangelism and Outreath-we plan to increase our Wdngefjslic athitses indudin8 street evangelism, family and friends evangellsm and social medla e4ar8elism. Discipleship-we plan to contlnue to provide thscipleshlp and mentorlresessions for new and existing members, 3. Training and Developrnent-we plan to implementan IrthusÈ trdin1￿ pmgrdmrnè based on Identified needs and Signk￿rt members to recommended external training providers. RNANCIAL REVIEW Finan¢lal Pos6don The totsl incoming resources forthe year was £218.65712022- £246A191 and totsl resources expended was £1￿,348 reportirE a surplus of £28,309 when compared to a surplus of £30,￿8 in the prewous year. Reserve poll¢y It Is the pollci of the Board of Trustees to malntsln a balarKe of Xdllable unrestrlcted funds whlch Is equal to stx months of p￿nned expwKliture forthe Cu￿nt financial year. The Trustees consider that reserves at this level will ensure that in the event of slgnfficant reduction In income they wlll be able to continue the aritrfs current activitleswhile cOn￿deratiOn Is given to ways In whlch additional funds can be identified. The Charitvs reserves as at the end of the year31 Juty 2023 was £3.930.897 {2022- £3,9015881. srATEMENf OF TRUSTEES RESPONSIBIUTIES The trustees (who ¥re also directQT5 of the Assembl￿5 of the First Born for purposes of comparry lawl are responslble for yeparing the Trustees report and finar￿la1 statements in accordance with applicable law and United ￿ingdOM Accounting Stsndards (United fitwdom Generalty Accepted Accounting Practice} Including Flnandal ReportlneStsndaTd 102 The Rnandal ReportlneStand¥d appllcable to the UK and the Repubfi¢ of Irela￿. C4mp3ny Eaw requlres the ITU5tees to prep3re finandal statements foi each finandal year whith 1$ glves a true and fair vlew of the state of the charitable company and of the incoming resources and applicatlon of resources. Indudlng Income and expenditure of th2 thari1*Se company for that pefiod. In preparingthose financial statements, the trustees are required to: selert suitsble accountit¥ wlicies and then applythem corsistth: observe the methods and kyinciples in the tharity SORP: make judgements and estimates that are Teasonable and prudenL prepare the financial Statements on the going concem basis unle5$ tt is inappropriate to presume that the charitable cOmp￿Y will c￿tinUe in busine TheTrustees are responsible for keeping proper acwunting records whith disclose with reasonably accurary at ary given time the finanaal position ofthe charIta￿e cornpary and to enable them to ensure that the financial Statements o)mptywith the Companies Act 2Q￿. are atso responsible for safeguarding assets ofthe tharitable company and hence for tsklng reasonablesteps for the prwentlon and detection of fraud and other Irregularltie Approved Iw the Board on 2tst 2024 ggMd on its behalf. as authorlsed by. -gk Errol Vassell Chalmlan Independenl Ex¥mlnerfs ReportlotheTrustees ofthe Assemblks of the Hrt Born I report on the accounts of the tharltable crynpary fortheyear ended 31it Juty 2023. whlth are set oul on Pa8es 9, 10, 11, 12, 13, 14 and 15 In thls Report. Respeth responsNltles of the trustee Ind examlner. The chariws trustees are responsible for the preparation of the accourrts. The charitytrustee considers that an audit Is not requlred for this year under sectlon 144121 of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It Is my responsibilityto: examine the accounts undersection 145 of the 2011 A¢ fdlow prtxedures lald down in thegeneral Direclion gr¥en ￿ the Charity Commlsslon under sectlon 145151 Ibl of the 2011 Act: and to stste whether particular matters have Cl￿ to my attentioiL B•sls ofthe Independenl examlnerfs rewt My examination was carried out in accordan￿ wtth the general Direclion gNen by the Charity Cornmlsslon. An examination Ir)dudes a review ofthe accounting records bythe tharity and a comparison ofthe accounts presented wlth those record& It ifKludes consideratlon of u￿Su31 Items or If￿10sure5 in the accounts and seeking explanations. Fom w)u as tNstees concerning ary suth rnatt￿ The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opIn￿n is given as to whether the accounts present a'true and fair vie4V' and the rep)rt is limited to those matters set out in the ststement bel¢)W. Independent examiner's ststement In connection with my examination, no matter has come to rny attention: which grrfe me reasonable cause to belie%* th* in arry material respect the requirements to keep accounting records in accordan￿ with seL1ion 130 of the 2011 Act; and to prepare accounts which accord with the accounting records and cornplywith the accounting requirements of the 2011 Art have not been met: or to which, in my opinlon, attention should be drawn in order to enable a proper understanding of the accounts reathe Arinola James Ogunsanwo San Phllllps Finance Limited 74 Kelvin Gardens Croydon Surrey CRO 4UR Date: 2tst November 2024 IA 2023 Unrestrftted funds 2022 Totsl funds Notes INCOME AND ENDOWMEpifs FROM Donations and legacie5 150.137 174533 Investrnent Income 68520 71286 218.657 246.819 EXPENDITURE ON Charitsble acO¥lttes Church 190.348 215,911 Totsl 190348 215.911 NEf INCOMEIEXPENDtruRE) 28309 30.￿)8 RECONaUATION OF FUNDS Totsl funds brought forward 3.901588 3,87L680 TOTAL FUNDS CARRIED FORWARD 3,930,897 3.902,588 The notes form part ofthese finandal staternents 2023 Vnvestrlcted funds 2022 Total funds TOTAL FIXED ASS￿$ Tangible assets 4.190,745 4,206,061 CURRENT ASSETS AND LIABILMES Debtors io 12,464 6,467 Cash at bank 338,652 308,582 CREDITORS Amount falling due within one year li {84,821) (86,475) NEf CURREKf ASSEfs 266,295 228.574 TOTAL ASSEfs LESS CURREKf UABiimES 4.457,040 4,434,635 CREDITORS Amounts falling due after rnorethan oneyear li (526,143) (551,9271 NET ASSErs 3.930.897 3.882,708 FUNDS Unrestricted 3.930,897 3,882,708 TOTAL FUNDS 3,930.897 3,882,708 These finanaal ststements have been prepared In accordance wlth the provisions applicable to charltable companies subject to the small tharities regirne. Approved and authorlsed for Issue by the Trustees on 21st November 2024 signed on its behalf by: Effol Vassell Chairrnan 10 BASIS OF PREPARING THE HNANaAL sfATEMEiirs The financial rtaternents of the charitable cornpary. whlch Is a publlc benefit errtlty under FRS 102, have been prepared In accordance wlth the Charitles SORP {FRS 1021 'Accounting and Reporting bv Chartties: Statement of Recommended Praciice applicable to charities preparing their accounts in accordance with the Flnanaal Reporting Starmlard applicable In the UK and Republic of Ireland (FRS 102) {effectlve l January 2019Y. Flnancial Reportlng Stsndard 102 the Flnanclal StarKlard applicable In the UK and Republic of Ireland and the Companies Act 2(M]6. The financial statements have been prepared under the hlstorical cost conventio INCOME All income is recognised in the Staternent of ff nancial ActiV5tles once the tharity has entitlement to the funds. it is probable that the incorne will be received and the amount can be rneasured reliably. EXPENDrruRE Liabilities are recognised as expenditure as soon as there is a lerdl or constructive obligation committing the charltyto that expendlture. It is probable that a transfer of economic benefit will be required in settlement and the amount of the obligation can be measured reliably. expenditure Ss accounted for on an accrual basis and has been dassified under headings that aggregate all cost related to the category. Where costs cannot be directty attributed to particular headlngs they have been allocated to aLtivities on a basis consistent with the use of resources. TANGIBLE FIXED ASSETS Deprecration i% provided at the following annual rates in order to wrlte off eath asset over its estlmated useful Ilfe. Freehold propertv Fixtures and ffttings Motor vehides Computer equipment - 15% on reduarE balance - 20% on reduan8 balance - 25% on reduang balance TAXATION The charity is exempt from corporation tsx on its charitsble aciivitre FUND AccouNllNG Unrestrlrted funds can be use in accordance with the charltable objectlves at the discretion of the trustees. Restricted fund5 can only be used for particular restricted purpose5 with thè objects of the tharity. Restriclions arise when speafied by the donor orwhen funds are rdlsed for particular restrirted purposes. Further explanatlon of the nature and purw of eath fund is induded in the notes to the finanaal ststements. 11 2023 2022 INCOME AND ENDOWMENTS I DONAfKINS AND LEGAaES Tlthes and offerln85 150,137 174,533 150.137 174,533 3. INVESTMENT INC(IME Rents recelt¥pd Deposlt account Interest 68A93 27 72,254 32 68.520 72286 4.TOTALINCOMING REX)UR S. CHARITABIE AcnvmES cosrs Dlrect Costs (see note 51 Support Costs (se• note 6) Totsls Church 147N28 41920 190y8 Dlrert Costs of Charftsble acthiltles 2023 2022 Rates and water Insurance Light and heat Telephone Postage and stationary Sundry expense5 Hire of hall Conventlon expenses Gifts and donatiors 5.465 18?72 40558 4A38 4.842 19,262 5,172 1338 2,306 ¥658 6,460 16,186 2952 1.608 7A40 13,748 k 11 Motor and travel exper6es Catering and hospitslity Cleaning and laundry Floral arrangements Premises maintenance Small equiprnent purchases Youth Forum expenses Fines and penahies Bank tharges Depreaatt(In of tangible fiyA a￿ets 8,332 7,845 1342 5.633 120 18.712 2.341 3.250 L350 2,700 4,825 220 16378 3,250 1542 8.436 147,428 157.349 12 SUPPOATCOSTS Totals Church 15,282 27,638 42,920 Interest payable and similartharges Trustees, renumerdtlon etc Wages Le8al and professlonal fe Administration and Audrt fees 15.282 14.400 7,488 4.750 24.746 14ACK) 10,436 41920 58562 Total Expenditure I￿,348 215.911 Net Income 28309 30,475 7. TRUSTEES, RENUMEIiATION AND BENEFITS 2023 2022 Tru5tee< salarles 14A 14,400 TRusfEES' EXPENSES Therewere no trustees. experw paid from the year erKled 31stJuly 2022 T￿r for the year ended 3tstJuly 202L 8. STAFF CO 2023 2022 Wages and salaries 2L888 The average monthly number of employees durir8the year 2023 Number 2022 Number General Overseer and Adminlstrator There vRre no employees whose annual emoluments were £60.1XKI or more. 9. TANGIBiE FIXED ASS flttln8S vehlde5 equlpmerrt Tota cosr At 1st Aueust 2022 end 3tst July 2023 4,161564 223,625 91580 14.679 4,492A48 DEPRE0AT￿N At IstAugust 2022 thar8es for year 198,425 4.802 13W3 418 3,216 8A36 At 31stJuly 2023 203,227 75,683 14NII 293,321 NEf BOOK VAWE 131st July 2023 At 3tstJuly 2022 4.161564 4.162564 24,235 27.797 14,624 15382 201 244 4,201,624 4.206.061 10. DEBTOR&. Amovpifs FALUNG DVE WITHIN ONE YEAIL" 2023 2022 Other debtors 11464 6,467 IL CREDrroRS: Amourirs FALUNG DUE wrrHIN ONEYEAR 2023 2022 Bardaycard Other creditors 437 374 86.101 84.821 86,475 11 CREDtroRS: AMOVNts FAWNG DVE AFfER MORETHAN ONE YEAR 2023 2022 Bank loans 526,143 551,927 13. LOAN5 An anal>sis of the maturity of loans is given below: 2023 2022 Amount fallingdue between two and fjve years: Bank loans- 2-5 yea 526,143 551,927 14 14. MOVEMENT IN FUNDS Net movement in funds At 31.7.23 At L822 Unrestrfrted funds General Fund TOTAL FUNDS 3907,287 28,309 3,935.5% 3,907,287 3,935.596 Net movement in funds. induded kn the are as follow5: Incoming resources Movement in funds expended Vnrestrlcted funds Genernl Fund TOTAL FUNDS 218.657 I￿1.348> 28309 218,657 (19).3481 28￿09 15. RELATED PARTY DisaosuRES During the year the followng related party transactions occurred between thetru5tees of the Charity as follows: l. Stlpend payments were made to the Cl¥erseer, Bishop Jennifer GreeTrWright for the sum of £14,4(K)12022- £14,400). The basis of these pa￿entsWaS approb*d by the Board of Trurtees of the Charity on the 17th January 2017. 2. Stipend payments to Rev Errol Ihssell were approved bythe Board of Trustees t)n the 17th January 2017 for the provision of administration, finanual control and internal policie5 and training and development adivities for Ihe sum of £3.6fy)(2022-Q.6￿). 3. A loan of £20.000 was made to the Charity by Rev Errol V•ssell t￿tween the 4th December 2020 and 22nd June 2021 and remains outstanding at the end of the ￿ar. 4. A loan of £8,500 was made to the Charity by Mrs Miriam Walker on the 6th Marth 2020. Mrs Walker. an ex- trustee of the Charity. is now deceased15IIV20201 remains outstsnding at the year end. The Estate of the late Mr5 Walker is nowthe legalty responsible party to recover the amount on behalf of the Estste. 15