## **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**
|**Notes**
**Income and endowments**
**from:**
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investments
6
Other
7
**Total**
**Expenditure on:**
Raising funds
8
Charitable activities
9
Other
11
**Total**
Net gains on investments
**Net (expenditure)/income**
12
Transfers between funds
**Net (expenditure)/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**|||**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**
|_Expenditure on charitable_
_activities_
Grants made
_Governance costs_
10 **Analysis of grants**
**Activity or programme**
**Activity or programme**|**Unrestricted**
**£**
-
-
-
-
-
-
-
-
-
-
**Grants to**
**Institutions**
**£**|**Restricted**
**£**
-
-
-
-
-
-
-
-
-
-
**Grants to**
**Individuals**
**£**|**Endowment**
**£**
-
-
-
-
-
-
-
-
-
-
**Support**
**Costs**
**£**
-
-
-
-
-
**Support**
**Costs**
**£**
-
-
-
-
-|**Total**
**2022**
**£**
-
-
-
-
-
-
-
-
-
-
**Total**
**2022**
**£**
-
-
-
-
-
**Total**
**2022**
**£**
-
-
-
-
-|**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**
|**Cost or revaluation**
At 1 April 2021
Additions
Revaluation
Transfers
Disposals
At 31 March 2022
**Depreciation and**
**impairment**
At 1 April 2021
Depreciation charge for the
year
Impairment
Revaluation
Transfers
Disposals
At 31 March 2022
**Net book values**
At 31 March 2022
At 31 March 2021
**Net book values of assets**
**held under finance leases**
**and hire purchase contracts**
**and included above**
At 31 March 2022
At 31 March 2021|**Land and**
**buildings**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|||**£**
1,000
-
-
-
(186)
814
814
-
-
-
-
-
814
-
186
-
-|**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**
||-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
17,691
-|-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
6,641||-|-
-
-
-
-
-
-|
|---|---|---|---|---|---|
|||||||
|||||||
|||||||
|||||||
|||||||
|||||||
|_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 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 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**
_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 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 41
**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 42
**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 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 43
**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 44
**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 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 45
**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_
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