## **APOSTOLIC FAITH MISSION IM (UK) NORTH LONDON (LONDON MIRACLE CENTRE)**
## **Financial Statements for the year ended 31 March 2025**
|**Contents**|**Page**|
|---|---|
|Trustees and Professional Advisors|2|
|Trustees Report|3-6|
|Independent Examiner Report|7-8|
|Statement of Financial Activity|9|
|Balance Sheet|10|
|Notes to the Financial Statements|11- 14|
Page **1** of **14**
## **Registered Charity Number: 1158687**
## **Trustees and Professional Advisors**
## **Principal Office:**
11 Aylands Road Enfield Middlesex EN3 6PW
## **Trustees:**
Marshall Gore Terence Manonga
## **Bankers:**
Lloyds Bank 364- 366 Lordship Lane East Dulwich London SE22 8NA
## **Independent Examiners:**
Bilberry Accountants Limited Chartered Accountants Castle Court 41 London Road Reigate RH2 9RJ
Page **2** of **14**
## **Report of the Trustees for the year ended 31 March 2025**
The Trustees of Apostolic Faith Mission International Ministries (UK) North London (AFMIM UK- North London) present their Annual Report for the financial year ended 31 March 2025, in compliance with the Charities Act 2011, the Charities SORP (FRS 102) 2019/2023, and the charity’s Trust Deed.
## **Structure, Governance and Management**
The church is a registered charity. It operates within the framework of 4 main Committees:
- The Board of Trustees (BOT)
- The Main Church Board
- Ladies Committee
- Youth Committee
The charity is governed by a constitution and Trust Deed registered on 30[th] October 2013.
The method of appointment of the Board is set out in the constitution of AFMIM UK. The Church Board iscomposed of 7 members including the Youth leader.
## **Organizational Management**
The Board of Trustees delegate to any one or more of the Trustees the transaction of any business or performance of any act required to be transacted or performed in the execution of the trust of the Charity and which is within the professional or business competence of such Trustee or Trustees.
The Board of Trustees exercise reasonable supervision over any Trustee or Trustees acting on their behalf under this provision and ensure that all their acts and proceedings are fully and promptly reported to them.
## **Trustee induction**
Following appointment of new Trustees, the first meeting includes an induction session of New Trustees by Old Trustees and Office Bearers of the Main Church Board including explanations of the roles and responsibilities of trustees.
## **Objects, Aims, Objectives and Activities**
## **Charitable objects**
- The main objective of the church is to advance the gospel of Jesus Christ in accordance with the Holy Scriptures as contained in the Confession of our Faith as per our church constitution.
- The relief of sickness and the promotion and preservation of good health by the provision of funds, goods, items or services and counselling support and prayers in the United Kingdom, or other parts of the World, as the Trustees may from time to time determine.
- The furtherance of such other purposes as are exclusively charitable under the laws of England and Wales as the Trustees from time to time determine.
- The charity is controlled by its governing document, a trust deed, and constitutes an incorporated charity.
## **Risk Management**
Trustees have the responsibility of measuring, tasking and taking action to control such risk in accordance with the Charity constitution and policies and procedures. Detailed consideration of risk is delegated to any one or more of the Trustees. Risks are identified, assessed, controlled and established throughout the year informally. An informal review of the charities risk management process is undertaken on an annual basis.
Page **3** of **14**
Trustees continue to improve and ensure that the system of internal controls is adequate and cost effective. Through the risk management process established for the church the trustees are satisfied that the major risks have been adequately mitigated where necessary.
It is recognised that systems can only provide reasonable but not absolute assurance that major risks have been adequately managed.
## **Achievements and Performance**
- In line with our vision the church was involved in various outreach programs to share the Good News of Jesus Christ with people resident in North London through various forms of media and community projects.
- The church continued to offer pastoral, counselling, prayer and support services to the members of the church and community.
- The charity made donations of food and Christmas hampers to North Enfield Foodbank.
- The charity held a family fun day during the summer and invited members of the community to participate.
- The AFM North London church participated in our National and Regional Conferences. The church sent delegates to these conferences.
- The Sunday school department continued with bible lessons and children were given platforms to showcase their talents in drama and music.
- The church supported the local youth to participate in Regional and National Youth empowerment activities.
- The Ladies department had successful women’s meetings, empowering women in the church and the community.
- The Youth department conducted successful youth meetings creating awareness of substance abuse and depression among the youth and the entire community.
- A very successful careers guidance seminar was conducted for the youth
- Church members have supported bereaved families by donating food and funds freely.
## **Principal activities during the year**
The charity runs regular Sunday service programmes and bible study mission groups every Friday. Prayer meetings are conducted every Wednesday. Apart from the above mentioned the church runs an annual local Conference known as International Conference of Winners, leadership training and development, seminars, prayer retreats, marriage clinics, men’s, youth, ladies, couples and children’s ministries meetings.
## **Volunteers**
Members from within the church work tirelessly to make sure our church is run smoothly throughout the year. The Trustees and the management committee would like to thank all the volunteers for their invaluable support, donations and any contributions they have made to the Charity.
Page **4** of **14**
## **Future Plans**
- The charity is praying and have a desire to purchase a property building suitable for community use and projects.
- The Advancement of the Christian Faith through Evangelism, Intercession, Missions, Discipleship, leadership development, fostering spiritual synergy, the Sacraments and planting new churches.
- The Advancement of Education through Bible Study; Ministers Internship, Bible Students supervision and spiritual support.
- To continue to offer pastoral, counselling, prayer and support services to church members and the community.
- To continue providing weekly Sunday school classes for children aged 13 years and below.
- The charity intends to get more involved in community projects and youth development programmes.
- The charity intends to start a music school for the youth and women empowerment projects
- The relief of those in need by reason of youth, age, ill-health, disability, financial hardship or another disadvantage.
All objects and purposes remain exclusively charitable under the laws of The Charities Commission in England and Wales in line with our confession faith and our governing documents.
## **Statement of Trustees' Responsibilities**
The trustees are responsible for preparing the Trustees' report and the financial statements in accordance with the law applicable in United Kingdom and Charities SORP.
The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and of the application of resources of the charity for that period.
In preparing these financial statements, the trustees are required to;
- Select suitable accounting policies and then apply them consistently.
- Observe the methods and principles in the Charities SORP.
- Make judgments and estimates that are reasonable and prudent.
- State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements.
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements Comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Financial Overview**
The charity recorded a surplus of £49,356 in 2025, an improvement from a surplus of £24,536 in 2024.
Page **5** of **14**
## **Key Figures:**
- Total Income: £116,812 (up from £92,397 in 2024).
- Total Expenditure: £67,456 (down from £67,861 in 2024).
- • Closing Fund Balance: £92,976
The charity remains financially stable with a strong cash position
Approved by the Trustees on 19/01/2026
Page **6** of **14**
## **Independent Examiner's Report to the Trustees of Apostolic Faith Mission International Ministries (UK) North London**
## **For the Year Ended 31 March 2025**
## **Respective Responsibilities of Trustees and Independent Examiner**
The Trustees of Apostolic Faith Mission International Ministries (UK) North London are responsible for:
- The preparation of financial statements in accordance with applicable UK Charity Law and Accounting Standards.
- Ensuring that the financial statements give a true and fair view of the state of affairs of the charity.
- Keeping proper accounting records that disclose with reasonable accuracy the financial position of the charity.
- Safeguarding the assets of the charity and taking reasonable steps to prevent fraud and other irregularities.
As the Independent Examiner, my responsibility is to:
- Examine the accounts under Section 145 of the Charities Act 2011.
- Follow the procedures set out in the General Directions given by the Charity Commission.
- Report on whether any material matters have come to my attention that give cause for concern.
Since the charity’s gross income is below £250,000, it qualifies for an independent examination instead of a full audit, as permitted under the Charities Act 2011.
## **Basis of Independent Examiner’s Report**
I have examined the financial statements of AFM North London, which comprise:
- The Statement of Financial Activities (SOFA).
- The Statement of Financial Position (Balance Sheet).
- The Accounting Policies and related Notes to the Financial Statements.
My examination was conducted in accordance with:
- Charities Act 2011 (Sections 145-152).
- Charity Commission’s Directions for Independent Examiners.
- Charities SORP (FRS 102) 2019/2023 guidance.
The examination included:
- Reviewing the accounting records kept by the charity.
- Comparing the financial statements with those records.
- Considering whether the accounts follow proper accounting principles.
- Assessing whether any unusual transactions or patterns require further explanation.
## **Independent Examiner’s Statement**
Based on my examination, **no matters have come to my attention** that give me reasonable cause to believe that:
1. Proper accounting records have not been kept.
2. The financial statements do not comply with the Charities Act 2011.
3. The accounts are not consistent with the records kept by the charity.
Page **7** of **14**
## **Recommendations for Further Financial Governance Improvements**
While the accounts are compliant, I recommend the following improvements:
1. Risk Management – A formal risk register should be introduced to track financial, operational, and regulatory risks.
2. Gift Aid Claims – The charity should ensure Gift Aid claims are processed quarterly to improve cash flow.
3. Reserves Policy – Trustees should consider formalising a reserves policy to manage unrestricted funds more strategically.
4. Building Fund Strategy – A detailed plan for the designated fund should be disclosed in future reports.
## **Macjones Hunduza ACA**
**For and on Behalf of Bilberry Accountants Ltd Chartered Accountants**
9[th] January 2026
Page **8** of **14**
## **Statement of Financial Activity**
## **For the year ended 31 March 2025**
|Note
**Incoming Resources**
Voluntary Income
2
Other Income
3
**Total Income Resources**
**Charitable Expenditure**
Ministry costs
4
Church Governance
5
Church Running
**Total Resources Expended**
**Net movement in Funds**
Prior Year Adjustment
**Fund balance brought forward**
**Fund balance carried forward**|**31-Mar**
**2025**
**£**
95,595
21,217
**116,812**
41,702
840
24,914
**67,456**
**49,356**
-
43,620
**92,976**|**31-Mar**
**2024**
£
75,426
16,971|
|---|---|---|
|||**92,397**|
|||18,998
840
48,023|
|||**67,861**|
||||
|||**24,536**|
|||11,196
7,888|
|||**43,620**|
Page **9** of **14**
## **Statement of Financial Position**
## **As at 31 March 2025**
|Note
**Fixed Assets**
Tangible assets
6
**Current Assets**
Cash at bank and in hand
7
Trade and other debtors
8
**Current Liabilities**
**Creditors amounts falling due within one year**
Trade and other creditors
9
**Net current Assets**
**NET ASSETS**
**CHARITY FUNDS**|**31-Mar**
**2025**
**£**
2,618
53,010
32,101
**85,111**
(840)
**84,271**
**86,889**
**86,889**|**31-Mar**
**2024**
**£**
3,213
24,276
16,971|
|---|---|---|
|||**41,247**
(840)|
|||**40,407**|
|||**43,620**|
||||
|||**43,620**|
The financial statements of Apostolic Faith Mission London Miracle Centre, charity number 1158687 were approved by the Trustees on 9[th] January 2026
Approved on behalf by:
**Mr Marshall Gore** Trustee Chairman
**Mr Terence Manonga** Trustee
Page **10** of **14**
## **Notes to the Financial Statements for the year ended 31 March 2025**
## **1. Accounting Policy**
## **a. Basis of Preparation**
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) – Second Edition (2019), applicable for financial years beginning on or after 1 January 2019, and the updated SORP 2023 guidance. The accounts comply with the Charities Act 2011, the Trust Deed of the charity, and applicable UK Accounting Standards.
The financial statements have been prepared under the historical cost convention, with the exception of investments, which are measured at fair value.
## **b. Going Concern**
The Trustees have assessed the charity’s financial position and confirm that there are no material uncertainties affecting its ability to continue as a going concern for at least 12 months from the date of approval of these financial statements. The charity holds sufficient reserves to meet ongoing obligations and planned activities, ensuring operational sustainability.
## **c. Fund Accounting**
The charity maintains the following categories of funds:
## **Unrestricted Funds**
- General funds available for the charity’s objectives and operational costs.
- Includes designated funds, which are unrestricted funds earmarked for specific purposes by the Trustees.
These funds are not legally restricted but have been designated by Trustees for these purposes.
## **Restricted Funds**
At present, the charity has no restricted funds, meaning all income received during the year was unrestricted. If future donations are restricted (i.e., donor-imposed conditions apply), they will be accounted for separately.
## **d. Income Recognition**
Income is recognised when the charity has: Entitlement – Clear right to receive the income. Certainty – Reasonable assurance that the income will be received.
Measurability – Income can be reliably quantified.
## **Income Sources:**
- Tithes & Offerings – Recognised on receipt.
- Gift Aid – Recognised when claimable from HMRC.
## **e. Expenditure Recognition**
Expenditure is recognised when a liability is incurred, and it is classified under the following categories:
- Ministry & Outreach Costs – Costs related to church services, missions, and community programmes.
- Church Running Costs – Operational expenses, including premises, utilities, and maintenance.
- Governance & Support Costs – Professional fees, including independent examination and administrative support.
All expenses are allocated on an accrual basis.
## **f. Tangible Fixed Assets & Depreciation**
Page **11** of **14**
## **Fixed Assets Recognition**
Tangible fixed assets are recognised when:
1. The charity will derive future economic benefits from the asset.
2. The asset has a useful life exceeding one year.
3. The cost exceeds the capitalisation threshold of £1,000.
The following **fixed assets are currently held** :
|**Asset Type**|**Depreciation Method**|**Useful Life**|
|---|---|---|
|Musical Instruments|Straight-line basis|5 years|
Depreciation is charged annually to reflect the asset’s usage and estimated lifespan. The charity reviews the carrying value of assets annually to determine whether any impairment provisions are necessary. If an asset’s recoverable amount falls below its carrying value, an impairment loss is recognised in the Statement of Financial Activities (SOFA).
## **g. Financial Instruments**
The charity only holds basic financial instruments, including cash, trade debtors, and creditors. These are measured at amortised cost in accordance with SORP (FRS 102). The charity does not engage in complex financial arrangements or derivatives.
## **h. Reserves Policy**
The charity aims to maintain free reserves equivalent to at least three months’ operating expenditure. This ensures financial stability and allows for effective planning for major projects, such as the acquisition of a permanent place of worship.
## **2. Voluntary income**
|Tithes
Love offering
**3. Other Income**
Gift Aid accrual|**2025**
**£**
76,394
19,201
**95,595**
**2025**
**£**
21,217
**21,217**|**2024**
**£**
58,186
17,240|
|---|---|---|
|||**75,426**|
|||**2024**
£
16,971|
|||**16,971**|
Page **12** of **14**
|**4. Ministry costs**
Employee costs
**5. Church governance**
Accountancy and independent examination fees
**6. Property Plant and Equipment**
**Cost**
At 1 April 2024
Additions
**At 31 March 2025**
**Depreciation**
At 1 April 2024
Charge during the period
**At 31 March 2025**
**Net Book Value**
At 31 March 2024
**At 31 March 2025**|**2025**
**£**
41,702
**41,702**
**2025**
£
840
**840**
_5_
_5_
_5_
_5_
_5_
_5_
_5_
_5_
_5_
_5_
_5_
_5_
_5_
_5_
_5_
_5_
_5_
_5_
_5_
_5_
_5_||**2024**
£
18,998
**18,998**
**2024**
£
840
**840**
5
**Musical**
**Instruments**
**£**
4,016
260|
|---|---|---|---|
|||||
|||||
|||||
||||**4,276**|
||||803
855|
||||**1,658**|
|||||
||||3,213
**2,618**|
|||||
Page **13** of **14**
## **7. Cash and cash equivalent**
|**7. Cash and cash equivalent**|||
|---|---|---|
|Cash at bank and in hand
Restricted fund balance included in the cash at bank is £0 (2024: Nil)
**8. Trade and other debtors**
Gift Aid accrual
**9. Trade and other creditors**
Accountancy and independent examination fees|**2025**
**£**
53,010
**53,010**
**2025**
**£**
32,101
**32,101**
**2025**
**£**
840
**840**|**2024**
**£**
24,276|
|||**24,276**|
|||**2024**
**£**
16,971|
|||**16,971**|
|||**2024**
**£**
840|
|||**840**|
## **10. Capital commitments**
There was no capital commitment in 2025 ( _2024: Nil_ )
Page **14** of **14**