2022-03-31-accounts - Apostolic Faith Mission (UK) International Walsall Assembly

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Apostolic Faith Mission (UK) International Walsal Assembly

Charity No. 1162228

Trustee's Report and Unaudited Accounts

31 March 2022

Apostolic Faith Mission (UK) International Walsal Assembly Contents

	Pages
Trustee's Annual Report	-
Independent Examiner's Report	-
Statement of Financial Activities	-
Balance Sheet	-
Statement of Cash flows	-
Notes to the Accounts	-
Detailed Statement of Financial Activities	-

Page 1

Apostolic Faith Mission (UK) International Walsal Assembly Trustees Annual Report

The trustee presents their report with the unaudited financial statements of the charity for the year ended 31 March 2022.

REFERENCE AND ADMINISTRATIVE DETAILS

Charity No. 1162228

Principal Office

Trustees

The following trustees served during the year:

Mr Philip Mhlanga

Mr Blessing Magara

Ms Jaqueline Sechele

Page 2

Apostolic Faith Mission (UK) International Walsal Assembly Trustees Annual Report

Accountants

Framework Accountants Ltd Suite 2, Greyholme 49 Victoria Road Aldershot Hampshire GU11 1SJ

Page 3

Aposloli¢ Faith Mission (UK) International Walsal Assembly Trustee$ Annual Report Page 4

Apostolic Faith Mission (UK) International Walsal Assembly Trustees Annual Report

Statement of trustee's responsibilities in relation to the financial statements

The charity trustee is responsible for preparing a trustee's annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Page 5

Apostolic Faith Mission (UK) International Walsal Assembly Trustees Annual Report

The trustee is responsible for keeping proper accounting records that 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, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the Trust deed. The Trustee is also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.

Signed

P. Mhlanga Trustee 31 March 2022

Page 6

Apostolic Faith Mission (UK) International Walsal Assembly Independent Examiners Report

Independent Examiner's Report to the trustee of Apostolic Faith Mission (UK) International Walsal Assembly

I report to the trustees on my examination of the financial statements of Apostolic Faith Mission (UK) International Walsal Assembly for the year ended 31 March 2022 which comprise the Statement of Financial Activities, the Balance Sheet and the related notes.

Responsibilities and basis of report

As the charity's trustee you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011('the Act'). The trustee considers that an audit is not required for this year under the Charities Act 2011, s.144(2) (the 2011 Act) and that an independent examination is needed.

I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in, any material respect:

the accounting records were not kept in respect of the charity as required by section 130 of the Act; or
the financial statements do not accord with those records; or
the financial statements do not comply with the applicable requirements concerning the form and content of the financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination.

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 financial statements to be reached.

Framework Accountants Ltd Suite 2, Greyholme 49 Victoria Road Aldershot Hampshire GU11 1SJ 31 March 2022

Page 7

Apostolic Faith Mission (UK) International Walsal Assembly Statement of Financial Activities

for the year ended 31 March 2022

Unrestricted funds			Total funds	Total funds
2022	2022	2022	2022	2021
£	£	£	£	£

6,641	-	-	6,641	35,327
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	3,320
6,641	-	-	6,641	38,647

-	-	-	-	-
-	-	-	-	-
18,041	-	-	18,041	27,599
18,041	-	-	18,041	27,599
-	-	-	-	-
(11,400)	-	-	(11,400)	11,048
-	-	-	-	-
(11,400)	-	-	(11,400)	11,048

-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
(11,400)	-	-	(11,400)	11,048

17,691	-	-	17,691	6,123
6,291	-	-	6,291	17,171

Page 8

Apostolic Faith Mission (UK) International Walsal Assembly Balance Sheet

at 31 March 2022

Charity No. 1162228 Fixed assets Intangible assets 15 Tangible assets 16 Investments 17 Current assets Stocks 18 Debtors 19 Investments 20 Cash at bank and in hand Creditors:Amount falling due within one year 21 Net current assets Total assets less current liabilities Creditors:Amounts falling due after more than one year 23 Provisions for liabilities 26 Net assets excluding pension asset or liability Defined benefit pension scheme asset Total net assets The funds of the charity Restricted funds 27 Endowment funds Restricted income funds Unrestricted funds 27 General funds Designated funds Reserves 27 Revaluation reserve Pension reserve Total funds Approved by the trustees on 31 March 2022 And signed on their behalf by:	2022 £ - - - - - - - 8,174 8,174 (1,883) 6,291 6,291 - - 6,291 - 6,291 - - - 6,291 - 6,291 - - - 6,291	2021 £ - 186 -
		186 - - - 18,446
		18,446 (941)
		17,505 17,691 - -
		17,691
		-

		17,691
		- -
		- 17,691 -
		17,691 - -
		-
		17,691

Page 9

Apostolic Faith Mission (UK) International Walsal Assembly Balance Sheet

P. Mhlanga Trustee 31 March 2022

Page 10

Apostolic Faith Mission (UK) International Walsal Assembly Notes to the Accounts

for the year ended 31 March 2022

1 Accounting policies

Basis of preparation

The financial statements have been prepared in accordance with Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic if Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

Change in basis of accounting or to previous accounts

There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years.

Fund accounting

Unrestricted funds These are available for use at the discretion of the trustees in furtherance of the general objects of the charity.
Designated funds These are unrestricted funds earmarked by the trustees for particular purposes. Revaluation funds These are unrestricted funds which include a revaluation reserve representing the restatement of investment assets at their market values.
Restricted funds These are available for use subject to restrictions imposed by the donor or through terms of an appeal.

Income

Recognition of Income is included in the Statement of Financial Activities (SoFA) when the charity income becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
Income with related Where income has related expenditure the income and related expenditure is expenditure reported gross in the SoFA.
Donations and Voluntary income received by way of grants, donations and gifts is included in the legacies the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
Tax reclaims on Income from tax reclaims is included in the SoFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income (with an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material.

Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gains/(losses) on This includes any gain or loss resulting from revaluing investments to market value revaluation of fixed at the end of the year. assets Gains/(losses) on This includes any gain or loss on the sale of investments. investment assets

Page 11

Apostolic Faith Mission (UK) International Walsal Assembly Notes to the Accounts

Expenditure

Recognition of Expenditure is recognised on an accruals basis. Expenditure includes any VAT which expenditure cannot be fully recovered, and is reported as part of the expenditure to which it relates.
Expenditure on These comprise the costs associated with attracting voluntary income, fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objects, including the making of grants and governance costs.
Grants payable All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid.
Governance costs These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs.
Other expenditure These are support costs not allocated to a particular activity.

Taxation

The charity is exempt from tax on its charitable activities.

Tangible fixed assets and depreciation

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life:

Freehold investment property

Investment properties are measured initially at cost and subsequently at fair value at each balance sheet date and are not depreciated. All gains or losses are taken to the Statement of Financial Activities as they arise.

Intangible fixed assets and amortisation

Intangible fixed assets (including purchased goodwill, patents and trademarks) are carried at cost less accumulated amortisation and impairment losses.

Page 12

Apostolic Faith Mission (UK) International Walsal Assembly Notes to the Accounts

Stocks

Stock is included at the lower of cost or net realisable value. Donated items of stock are recognised at fair value which is the amount the charity would have been willing to pay for the items on the open market.

Trade and other debtors

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.

Cash and cash equivalents

Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within borrowings or current liabilities. In the Statement of Cash Flows, cash and cash equivalents are shown net of bank overdrafts that are repayable on demand and form an integral part of the company's cash management.

Trade and other creditors

Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.

Research and development

Expenditure on research and development is written off in the year in which it is incurred.

Foreign currencies

Monetary assets and liabilities denominated in currencies other than the functional currency of the charity are translated at the rates of exchange prevailing at the end of the reporting period. Transactions in currencies other than the functional currency of the charity are recorded at the rate of exchange on the date that the transaction occurred.

All exchange differences are are taken into account in arriving at net income/expenditure.

Page 13

Apostolic Faith Mission (UK) International Walsal Assembly Notes to the Accounts

Leased assets

Where the charity enters into a lease which entails taking substantially all the risks and rewards of ownership of an asset, the lease is treated as a finance lease.

Leases which do not transfer substantially all the risks and rewards of ownership to charity are classified as operating leases.

Assets held under finance leases are initially recognised as assets of the charity at their fair value at the inception of the lease or, if lower, at the present value of the minimum lease payments. The corresponding liability to the lessor is included in the balance sheet date as a finance lease obligation. Lease payments are apportioned between finance expenses and reduction of the lease obligation so as to achieve a constant rate of interest on the remaining balance of the liability. Finance expenses are recognised immediately, unless they are directly attributable to qualifying assets, in which case they are capitalised in accordance with the charity's policy on borrowing costs.

Assets held under finance leases are depreciated in the same way as owned assets.

Operating lease payments are recognised as an expense on a straight-line basis over the lease term. In the event that lease incentives are received to enter into operating leases, such incentives are recognised as a liability. The aggregate benefit of incentives is recognised as a reduction of rental expense on a straight-line basis.

Pension costs

The charity operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the charity pays fixed contributions into a separate entity. Once the contributions have been paid the charity has no further payments obligations. The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the charity in independently administered funds.

Receipt of donated goods, facilities and services

All donated goods, facilities and services received are recognised within incoming resources and expenditure at an estimate of the value to the charity.

Page 14

Apostolic Faith Mission (UK) International Walsal Assembly Notes to the Accounts

2 Statement of Financial Activities - prior year

Income and endowments from: Donations and legacies Charitable activities Other trading activities Investments Other Total Expenditure on: Raising funds Charitable activities Other Total Net gains on investments Net income Transfers between funds Net income before other gains/(losses) Other gains and losses: Gains on revaluation of fixed assets Actuarial Gains on defined benefit pension schemes Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward	Unrestricted funds 2021 £ 35,327 - - - 3,320 38,647 - - 27,599 27,599 - 11,048 520 11,568 - - - 11,568 6,123 17,691	2021 £ - - - - - - - - - - - - - - - - - - - -	2021 £ - - - - - - - - - - - - - - - - - - - -	Total funds 2021 £ 35,327 - - - 3,320
				38,647 - - 27,599
				27,599 -
				11,048 520
				11,568 - - -
				11,568 6,123
				17,691

Page 15

Apostolic Faith Mission (UK) International Walsal Assembly Notes to the Accounts

3 Income from donations and legacies

	Unrestricted £ 5,270 1,371 - - 6,641	Restricted £ - - - - -	Endowment £ - - - - -	Total 2022 £ 5,270 1,371 - - 6,641	Total 2021 £ 11,461 4,484 19,382 -




					35,327

Donated goods, facilities and services received

Total 2022 £ - - - - - -	Total 2021 £ - - - - -
	-

4 Income from charitable activities

	Unrestricted	Restricted	Endowment	Total	Total
				2022	2021
	£	£	£	£	£
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
Income from other trading activities
	Unrestricted	Restricted	Endowment	Total	Total
				2022	2021
	£	£	£	£	£
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-
	-	-	-	-	-

5 Income from other trading activities

Page 16

Apostolic Faith Mission (UK) International Walsal Assembly Notes to the Accounts

Notes to the Accounts
6 Income from investments 7 Other income	Unrestricted £ - - - - - Unrestricted £ - - - - -	Restricted £ - - - - - Restricted £ - - - - -	Endowment £ - - - - - Endowment £ - - - - -	Total 2022 £ - - - - - Total 2022 £ - - - - -	Total 2021 £ - - - -
					-
					Total 2021 £ 3,320 - - -
					3,320

8 Expenditure on raising funds Costs of generating voluntary income Fundraising trading costs Investment management costs	Unrestricted £ - - - - - - - - - - - - -	Restricted £ - - - - - - - - - - - - -	Endowment £ - - - - - - - - - - - - -	Total 2022 £ - - - - - - - - - - - - -	Total 2021 £ - - - - - - - - - - - -


					-

Page 17

Apostolic Faith Mission (UK) International Walsal Assembly Notes to the Accounts

9 Expenditure on charitable activities

Unrestricted £ - - - - - - - - - - Grants to Institutions £	Restricted £ - - - - - - - - - - Grants to Individuals £	Total 2021 £ - - - - - - - - -
		-
		Total 2021 £ - - - -
-	-
-	-
-	-
-	-
- Activities undertaken directly £	- Grant funding of activities £	-
		Total 2021 £
-	-	-
-	-	-
-	-	-
-	-	-
-	-	-

Page 18

Apostolic Faith Mission (UK) International Walsal Assembly Notes to the Accounts

11 Other expenditure

Unrestricted £ - - - - Bank loan and overdraft interest payable - Other interest payable - Employee costs 8,507 Motor and travel costs 260 Premises costs 6,350 Amortisation, depreciation, impairment, profit/loss on disposal of fixed assets - General administrative costs 1,984 Legal and professional costs 940 18,041 12 Net (expenditure)/income before transfers This is stated after charging: Depreciation of owned fixed assets Depreciation of assets held under finance leases and hire purchase contracts Amortisation of intangible fixed assets Auditors' remuneration Independent Examiner's fee Other fees paid to the auditor or independent examiner Ex-gratia payments	Restricted £ - - - - - - - - - - - - -	Endowment £ - - - - - - - - - - - - - 2022 £ - - - - - - -	Total 2022 £ - - - - - - 8,507 260 6,350 - 1,984 940 18,041	Total 2021 £ - - - - - - 12,394 - 9,154 - 2,829 3,222
				27,599
				2021 £ - - - - - - -

Page 19

Apostolic Faith Mission (UK) International Walsal Assembly Notes to the Accounts

13 Trustee remuneration and expenses

None of the trustees have been paid any remuneration in the current or prior periods.

			Other
Trustee	Remuneration	Pension	benefits
P. Mhlanga	-	-	-

None of the trustees have been paid any expenses in the current or prior periods.

2022

2021

Page 20

Apostolic Faith Mission (UK) International Walsal Assembly Notes to the Accounts

		Number	Number
	Number of trustees paid expenses	-	-
	The nature of the reimbursed expenses
		£	£
	Total expenses reimbursed to trustees	-	-
	Total employee benefits received by trustees	-	-
14	Staff costs
		2022	2021
		£	£
	Salaries and wages	8,000	12,000
	Social security costs	-	-
	Pension costs	-	-
		8,000	12,000
	No employee received emoluments in excess of £60,000.
	Total employee benefits received by key management	-	-
	personnel
	The average monthly number of full time equivalent employees	during the year was as follows:
		2022	2021
		Number	Number
		-	-
		-	-
		-	-
		-	-
		-	-
		-	-

Page 21

Apostolic Faith Mission (UK) International Walsal Assembly Notes to the Accounts

15 Intangible fixed assets

Cost At 1 April 2021 Additions Disposals At 31 March 2022 Amortisation and impairment At 1 April 2021 Amortisation charge for the year Impairment Disposals At 31 March 2022 Net book values At 31 March 2022 At 31 March 2021	Goodwill £ - - - - - - - - - - -	Patents and trade-marks £ - - - - - - - - - - -	Develop-me nt costs £ - - - - - - - - - - -	Other £ - - - - - - - - - - -	Total £ - - -
					-
					- - - -
					-
					-
					-

Page 22

Apostolic Faith Mission (UK) International Walsal Assembly Notes to the Accounts

16 Tangible fixed assets

		Total £ 1,000 - - - (186)
£ - - - - - - - - - - - - - - - - -	£ - - - - - - - - - - - - - - - - -
		814
		814 - - - - -
		814
		-
		186
		-
		-

Page 23

Apostolic Faith Mission (UK) International Walsal Assembly Notes to the Accounts

17 Investments Cost or revaluation At 1 April 2021 Additions Revaluation Disposals At 31 March 2022 Provisions and impairment At 1 April 2021 Provided during the year Impairment Revaluation Disposals At 31 March 2022 Net book values At 31 March 2022 At 31 March 2021	Freehold Investment Property £ - - - - - - - - - - - - -	Other investments - Listed £ - - - - - - - - - - - - -	Other investments - Unlisted £ - - - - - - - - - - - - -	Total £ - - - -
				-
				- - - - -
				-
				-
				-

	2022	2021
	£	£
Market value of listed investments	-	-

Page 24

Apostolic Faith Mission (UK) International Walsal Assembly Notes to the Accounts

18 Stocks

Raw materials and consumables Work in progress Finished goods Carrying value analysed by activities 19 Debtors Trade debtors VAT recoverable Other debtors Prepayments and accrued income Amounts included within Other debtors that fall due after more than one year 20 Current asset investments Listed investments Unlisted investments Market value of listed investments	2022 £ - - - - 2022 £ - - - - - - - - - 2022 £ - - - - - - 2022 £ - - - -	2021 £ - - -
		-
		2021 £ - - - - - - - -
		-
		2021 £ - - - -
		-
		-
		2021 £ - -
		-
		-

Page 25

Apostolic Faith Mission (UK) International Walsal Assembly Notes to the Accounts

Apostolic Faith Mission (UK) International Walsal Assembly Notes to the Accounts
21 Creditors: amounts falling due within one year Bank loans and overdrafts Other loans Obligations under finance lease and hire purchase contracts Trade creditors Corporation tax Other taxes and social security Loans from trustees Other creditors Accruals Deferred income	2022 £ - - - 940 - - - -	2021 £ - - - 940 - - - -
	943	1
	-	-
	1,883	941

22 Deferred Income

Movement of the deferred income shown in Creditors: amounts falling due within one year

At 1 April Released in current year Deferred in current year At 31 March	2022 £ - - - -	2021 £ - - -
		-

Page 26

Apostolic Faith Mission (UK) International Walsal Assembly Notes to the Accounts

23 Creditors:

amounts falling due after more than one year Bank loans and overdrafts Other loans Obligations under finance lease and hire purchase contracts Trade creditors Other creditors Accruals Deferred income Liabilities repayable in more than five years after the balance sheet date Amount repayable by instalments Amount repayable other than by instalments	2022 £ - - - - -	2021 £ - - - - -
	-	-
	-	-
	-	-


	-	-
	-	-
	-	-

24 Deferred Income

24	Deferred Income	Deferred Income	Deferred Income
	Movement of the deferred income shown in Creditors: amounts falling due after more than one year
		2022	2021
		£	£
	At 1 April	-	-
	Released in current year	-	-
	Deferred in current year	-	-
	At 31 March	-	-
25	Creditors: secured liabilities
		2022	2021
		£	£
	The aggregate amount of secured liabilities
	included within creditors	-	-

Page 27

Apostolic Faith Mission (UK) International Walsal Assembly Notes to the Accounts

26 Provisions

Provisions
At 1 April 2021 Movement for the year At 31 March 2022	Onerous contracts £ - - -	Other provisions £ - - -	Total £ - -
			-

Page 28

Apostolic Faith Mission (UK) International Walsal Assembly Notes to the Accounts

27 Movement in funds

Movement in funds
	At 1 April 2021 - - - - - - - - - - - - - - - - - - 17,691 - - - - - - - - -	Incoming resources (including other gains/losses) £ - - - - - - - - - - - - - - - - - - 6,641 - - - - - - - - -	Resources expended £	Gross transfers £ - - - - - - - - - - - - - - - - - - - - - - - - - - - -	At 31 March 2022 £ - - - - - - - -
Restricted funds: Endowment funds: Total Restricted income funds: Total Unrestricted funds: General funds Designated funds:
			-
			-
			-
			-
			-
			-
			-
			-
			-
					-
					- - - - - - - -
			-
			-
			-
			-
			-
			-
			-
			-
			- (18,041) - - - - - - - - -
					-
					6,291 - - - - - - - -

Total
					-

Endowment funds:

Page 29

Apostolic Faith Mission (UK) International Walsal Assembly Notes to the Accounts

		- - - - - - -






Total	(18,041)	-
Restricted funds: Total Unrestricted funds: Total		- - - - - - - -
		-
		- - - - - - - -
		-
Revaluation fund		-
Total revaluation reserves Total funds Pension reserve
		-

		6,291
		-

Purposes and restrictions in relation to the funds:

Endowment funds:

Page 30

Apostolic Faith Mission (UK) International Walsal Assembly Notes to the Accounts

Restricted funds:

Designated funds:

28 Analysis of net assets between funds

Fixed assets	Unrestricted funds £ 814	Restricted funds £ (814)	Endowment funds £ -	Total £ -
Investments	-	-	-	-
Net current assets Creditors due in more than one year and provisions	6,291 - 7,105	- - (814)	- - -	6,291 -
				6,291

29 Contingent Assets/Liabilities

Page 31

Apostolic Faith Mission (UK) International Walsal Assembly Notes to the Accounts

30 Reconciliation of net debt

Cash and cash equivalents Bank overdrafts	At 1 April 2021 £	Cash flows £	New HP/Finance leases £	At 31 March 2022 £
	18,446	(10,272)		8,174
	-	-		-
	18,446 - - - - 18,446	(10,272)	-	8,174 - -
Borrowings		-
Bank loans		-
Obligations under HP/Finance leases Net debt		-	- - -	-
		- (10,272)		-
				8,174

31 Commitments *Capital commitments* Capital commitments contracted for at the end of the financial year for which no provision has been made: *Operating lease commitments* Annual commitments under non-cancellable operating leases 2022 Land and buildings £ Operating leases with expiry date: Within one year - In the second to fifth years inclusive - Over five years - - *Pension commitments* The pension cost charge to the charity amounted to: Unpaid contributions due to the fund are included in other creditors and amounted to:		2022 £ - are as follows: 2022 Other £ - - - - 2022 £ - -	2021 Land and buildings £ - - - -	2021 £ -
				2021 Other £ - - -
				-
				2021 £ -
				-

32 Post balance sheet events

Page 32

Apostolic Faith Mission (UK) International Walsal Assembly Notes to the Accounts

33 Advances and credits to trustees

Included within Other debtors are the following loans to trustees:

Trustee	Description	At 1 April 2021		Advanced		Repaid		At 31 March 2022
			£		£		£	£
P. Mhlanga			-		-		-	-

Page 33

Apostolic Faith Mission (UK) International Walsal Assembly Notes to the Accounts

34 Guarantees made by the charity on behalf of trustees

Details of guarantees entered into by the company on behalf of its trustees are as follows:

			Amount
			paid/
		Maximum	liability
Director	Description and main terms	liability	incurred
		£	£
P. Mhlanga		-	-

Page 34

Aposloli¢ Faith Mission (UK) International Walsal Assembly Note$ to the A¢¢ounl$ Page 35

Apostolic Faith Mission (UK) International Walsal Assembly Notes to the Accounts

35 Related party disclosures

Related party disclosures
	2022	2021
*Transactions with related parties*	£	£
Name of related party
Description of relationship
between the parties
Description of transaction
and general amounts
involved
Amount due from/(to) the related party	-	-
Provision for doubtful debts due from related party	-	-
Amounts written off in the period in respect of debts from/(to) the related
	-	-
party
Name of related party
Description of relationship
between the parties
Description of transaction
and general amounts
involved
Amount due from/(to) the related party	-	-
Provision for doubtful debts due from the related party	-	-
Amounts written off in the period in respect of debts from/(to) the related	-	-
party
Name of related party
Description of relationship
between the parties
Description of transaction
and general amounts
involved
Amount due from/(to) the related party	-	-
Provision for doubtful debts due from the related party	-	-
Amounts written off in the period in respect of debts from/(to) the related	-	-
party
Name of related party
Description of relationship
between the parties
Description of transaction
and general amounts
involved
Amount due from/(to) the related party	-	-
Provision for doubtful debts due from the related party	-	-
Amounts written off in the period in respect of debts from/(to) the related	-	-
party

Name of related party

Page 36

Apostolic Faith Mission (UK) International Walsal Assembly Notes to the Accounts

es to the Accounts
Description of relationship
between the parties
Description of transaction
and general amounts
involved
Amount due from/(to) the related party		-	-
Provision for doubtful debts due from the related party		-	-
Amounts written off in the period in respect of debts from/(to) the related		-	-
party
Name of related party
Description of relationship
between the parties
Description of transaction
and general amounts
involved
Amount due from/(to) the related party		-	-
Provision for doubtful debts due from the related party		-	-
Amounts written off in the period in respect of debts from/(to) the related		-	-
party
Name of related party
Description of relationship
between the parties
Description of transaction
and general amounts
involved
Amount due from/(to) the related party		-	-
Provision for doubtful debts due from the related party		-	-
Amounts written off in the period in respect of debts from/(to) the related		-	-
party
Name of related party
Description of relationship
between the parties
Description of transaction
and general amounts
involved
Amount due from/(to) the related party		-	-
Provision for doubtful debts due from the related party		-	-
Amounts written off in the period in respect of debts from/(to) the related		-	-
party
Name of related party	P. Mhlanga
Description of relationship between the parties	Trustee

Page 37

Apostolic Faith Mission (UK) International Walsal Assembly Notes to the Accounts

Description of transaction and general amounts involved - - Amount due from/(to) the related party - - Provision for doubtful debts due from the related party - - Amounts written off in the period in respect of debts from/(to) the related party Name of related party Description of relationship Trustee between the parties Description of transaction and general amounts involved Amount due from/(to) the related party Provision for doubtful debts due from the related party Amounts written off in the period in respect of debts from/(to) the related party

Name of related party Description of relationship Trustee between the parties Description of transaction and general amounts involved Amount due from/(to) the related party Provision for doubtful debts due from the related party

Page 38

Apostolic Faith Mission (UK) International Walsal Assembly Notes to the Accounts

Amounts written off in the period in respect of debts from/(to) the related party Name of related party Description of relationship Trustee between the parties Description of transaction and general amounts involved Amount due from/(to) the related party Provision for doubtful debts due from the related party Amounts written off in the period in respect of debts from/(to) the related party

Name of related party Description of relationship Trustee between the parties Description of transaction and general amounts involved Amount due from/(to) the related party Provision for doubtful debts due from the related party Amounts written off in the period in respect of debts from/(to) the related party Name of related party Description of relationship Trustee between the parties Description of transaction and general amounts involved Amount due from/(to) the related party Provision for doubtful debts due from the related party Amounts written off in the period in respect of debts from/(to) the related party

Name of related party Description of relationship Trustee between the parties

Page 39

Apostolic Faith Mission (UK) International Walsal Assembly Notes to the Accounts

Description of transaction and general amounts involved Amount due from/(to) the related party Provision for doubtful debts due from the related party Amounts written off in the period in respect of debts from/(to) the related party Name of related party Description of relationship Trustee between the parties Description of transaction and general amounts involved Amount due from/(to) the related party Provision for doubtful debts due from the related party Amounts written off in the period in respect of debts from/(to) the related party Name of related party Description of relationship Trustee between the parties Description of transaction and general amounts involved Amount due from/(to) the related party Provision for doubtful debts due from the related party Amounts written off in the period in respect of debts from/(to) the related party Name of related party Description of relationship Trustee between the parties Description of transaction and general amounts involved Amount due from/(to) the related party Provision for doubtful debts due from the related party Amounts written off in the period in respect of debts from/(to) the related party Name of related party Description of relationship Trustee between the parties Description of transaction and general amounts involved Amount due from/(to) the related party Provision for doubtful debts due from the related party

Page 40

Apostolic Faith Mission (UK) International Walsal Assembly Notes to the Accounts

Name of related party Description of relationship Trustee between the parties

Page 41

Apostolic Faith Mission (UK) International Walsal Assembly Notes to the Accounts

Page 42

Apostolic Faith Mission (UK) International Walsal Assembly Notes to the Accounts

Name of related party Description of relationship Trustee between the parties

Page 43

Apostolic Faith Mission (UK) International Walsal Assembly Notes to the Accounts

Page 44

Apostolic Faith Mission (UK) International Walsal Assembly Notes to the Accounts

Name of related party Description of relationship Trustee between the parties

Page 45

Apostolic Faith Mission (UK) International Walsal Assembly Notes to the Accounts

Page 46

Apostolic Faith Mission (UK) International Walsal Assembly Statement of Cash flows for the year ended 31 March 2022

Cash flows from operating activities Net (expenditure)/income per Statement of Financial Activities Adjustments for: Movement in provisions Depreciation of property, plant and equipment Amortisation of intangible assets Impairment losses Loss on disposal of tangible fixed assets Loss on disposal of intangible fixed assets Loss on disposal of investments Dividends, interest and rents from investments Receipts from donations of endowments Other gains/losses Decrease in stocks Decrease in trade and other receivables Increase in trade and other payables Net cash (used in)/provided by operating activities Cash flows from investing activities Proceeds from sales of property, plant and equipment Payments for property, plant and equipment Proceeds from sale of intangible assets Payments for intangible assets Proceeds from sale of investments Payments for investments Dividends, interest and rents from investments Net cash from investing activities Cash flows from financing activities Repayment of borrowings Proceeds from new borrowings Repayments of obligations under finance lease and hire purchase contracts Proceeds from new finance lease and hire purchase contracts Receipts from donations of endowments Net cash from financing activities	2022 £ (11,400) - - - - - - - - - - - - 942 (10,458) 186 - - - - - - 186 - - - - - -	2021 £ 11,568 - 814 - - - - - (3,320) - - - - 855
		9,917 - (1,000) - -
		-
		- 3,320
		2,320
		- - - - -
		-

Page 47

Apostolic Faith Mission (UK) International Walsal Assembly Statement of Cash flows

Apostolic Faith Mission (UK) International Walsal Assembly Statement of Cash flows
Net (decrease)/increase in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year	(10,272) 18,446 8,174	12,237
		5,394
		17,631

Components of cash and cash equivalents
Cash and bank balances	8,174	18,446
Bank overdrafts	-	-

	8,174	18,446

Page 48

Apostolic Faith Mission (UK) International Walsal Assembly Detailed Statement of Financial Activities

for the year ended 31 March 2022

Income and endowments from: Donations and legacies Charitable activities Other trading activities Investments Other Total income and endowments Expenditure on: Costs of generating donations and legacies	Unrestricted funds 2022 £ 5,270 1,371 - - 6,641 - - - - - - - - - - - - - - - - - - - - 6,641 - - - -	2022 £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	2022 £ - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	Total funds 2022 £ 5,270 1,371 - - 6,641 - - - - - - - - - - - - - - - - - - - - 6,641 - - - -	Total funds 2021 £ 11,461 4,484 19,382 -
					35,327
					- - - -
					-
					- - - -
					-
					- - - -
					-
					3,320 - - -
					3,320
					38,647 - - - -

Page 49

Apostolic Faith Mission (UK) International Walsal Assembly Detailed Statement of Financial Activities

Costs of other trading activities Investment management costs Total of expenditure on raising funds Charitable activities Grants made Governance costs Total of expenditure on charitable activities Other expenditure Bank loan and overdraft interest payable Other interest payable Corporation tax charge/(credit) Employee costs Salaries/wages Directors' remuneration Employer's NIC Pension costs	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 8,000 - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 8,000 - - -	-
					- - - -
					-
					- - - -
					-
					- - - - - -
					-
					- - - -
					-
					- - - - - - - -
					-
					12,000 - - -

Page 50

Apostolic Faith Mission (UK) International Walsal Assembly Detailed Statement of Financial Activities

etailed Statement of Financial Activities
Staff entertainment - Staff recruitment - Staff training - Staff welfare 129 Temporary staff 378 8,507 Motor and travel costs Vehicles - General costs - Vehicles - Leasing and hire costs - Vehicles - Fuel - Vehicles - Insurance and licences - Vehicles - Repairs and maintenance - Travel and subsistence 260 Business mileage costs reimbursed - Fares - 260 Premises costs Rent 4,620 Rates - Light, heat and power 1,475 Premises cleaning - Premises insurances - Premises repairs and maintenance 255 Other premises costs - 6,350 General administrative costs, including depreciation and amortisation Amortisation - Depreciation of land and buildings - Depreciation of - Depreciation of - Depreciation of - Loss on disposal of intangible fixed assets - Loss on disposal of tangible fixed assets - Impairment losses - intangible FA - Impairment losses - tangible FA/investments - Bad debts - Bank charges 180 Equipment expensed -	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - 129 378 8,507 - - - - - 260 - - 260 4,620 - 1,475 - - 255 - 6,350 - - - - - - - - - - 180 -	- - 394 - -
				12,394
				- - - - - - - -
				-
				7,655 - 1,499 - - - -
				9,154
				- - - - - - - - - - 26 -

Page 51

Apostolic Faith Mission (UK) International Walsal Assembly Detailed Statement of Financial Activities

Equipment leasing and hire charges Equipment repairs and maintenance Exchange rate (gain)/loss General insurances Information and publications Postage and couriers Software, IT support and related costs Stationery and printing Subscriptions Sundry expenses Telephone, fax and broadband Legal and professional costs Audit/Independent examination fees Accountancy and bookkeeping Consultancy fees Management charges Solicitor's fees Other legal and professional costs Total of expenditure of other costs Total expenditure Net gains on investments Net (expenditure)/income Transfers between funds Net (expenditure)/income before other gains/(losses) Other recognised gains and losses Gains on revaluation of fixed assets Actuarial Gains on defined benefit pension schemes Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward	- - - - - - - - - 1,249 555 1,984 940 - - - - - 940 18,041 18,041 - (11,400) - (11,400) - - - (11,400) 17,691 6,291	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -	- - - - - - - - - 1,249 555 1,984 940 - - - - - 940 18,041 18,041 - (11,400) - (11,400) - - - (11,400) 17,691 6,291	- - - - - - - - - 2,444 359
					2,829
					3,222 - - - - -
					3,222

					27,599
					27,599 -
					11,048 520
					11,568 - - -
					11,568
					6,123
					17,691

Page 52

Apostolic Faith Mission (UK) International Walsal Assembly Detailed Statement of Financial Activities

Page 53