2024-04-30-accounts

CHURCH FOR ALL NATIONS INTERNATIONAL

Financial Statements for the year ended 30 April 2024

Contents	Page
Trustees and professional advisors	2
Trustees Report	3-5
Independent Examiner Report	6-7
Statement of Financial Activity	8
Statement of Financial Position	9
Notes to the Financial Statements	10- 13

Page 1 of 13

Registered Charity Number: 1164737

Trustees and Professional Advisors

Principal Office:

74 Briarfield Leicester LE5 1RG Midlands

Trustees:

Pastor Mark Anthony Pasimupindu Mrs Rosemary Pasimupindu Mrs Denise Kundai Kwatali Mapfumo Mrs Ropafadzo Mapfumo Mrs Praise Chakala

Bankers:

Lloyds Bank Plc

Independent Examiners:

Bilberry Accountants Limited Chartered Accountants Kingsgate, 62 High Street RH1 1SG Redhill

Page 2 of 13

Report of the Trustees for the year ended 30 April 2024

1. Introduction

The Trustees of Church For All Nations International (CFANI) present their Annual Report for the financial year ended 30 April 2024, in compliance with the Charities Act 2011, the Charities SORP (FRS 102) 2019/2023, and the charity’s Trust Deed.

• CFANI is dedicated to advancing the Christian faith, supporting vulnerable communities, and providing leadership development opportunities. Over the past year, the charity has experienced significant financial growth, strategic development, and operational improvements to strengthen governance, financial sustainability, and long-term impact.

• This report highlights the charity’s achievements, financial performance, risk management improvements, and strategic plans for the future.

2. Governance, Structure & Risk Management

2.1 Legal Structure & Governance

CFANI operates as a charitable trust, governed by a Trust Deed (7 December 2015) and managed by a Board of Trustees responsible for:

• Strategic oversight and decision-making.

• Financial stewardship and regulatory compliance.

• Risk management and safeguarding of assets.

The charity has the following governance and management structures:

• Board of Trustees (BOT) – Provides governance, financial oversight, and strategic leadership.

• Management Board – Oversees operational efficiency and programme execution.

• Fundraising & Finance Committee – Leads on financial planning, fundraising initiatives, and building fund strategies.

2.2 Risk Management & Internal Controls

The Trustees are committed to proactive risk management and have implemented the following:

• Annual financial reviews to ensure transparency and accountability.

• Internal control procedures to prevent fraud and financial mismanagement.

• Operational risk assessments, including safeguarding policies for vulnerable individuals.

• Governance training for Trustees to enhance leadership effectiveness.

3. Charitable Objectives & Activities

The charity’s mission is to:

• Advance the Christian faith through worship, evangelism, and discipleship.

• Support vulnerable individuals by providing social, financial, and emotional assistance.

• Empower communities through youth mentorship, leadership development, and charitable initiatives.

All activities are conducted in accordance with the laws of England and Wales and CFANI’s governing documents.

4. Achievements & Community Impact (2024)

4.1 Spiritual Growth & Worship

• Weekly Sunday Services & Bible Study: Provided regular faith-based teachings and community engagement.

Page 3 of 13

• Counselling & Pastoral Support: Offered spiritual and emotional support to individuals and families in need.

• Evangelism & Outreach: Strengthened evangelism efforts through digital platforms and in-person outreach.

4.2 Social Impact & Community Support

• Bereavement & Welfare Assistance: Assisted families with financial and pastoral support.

• Youth Engagement: Expanded programmes focusing on leadership, life skills, and career development.

• Food & Social Welfare Support: Provided essential supplies to struggling individuals and families.

4.3 Strategic Developments & Expansion

• Integration of a Leicester Congregation: Successfully revived and integrated a previously struggling church community.

• Formation of STARS Programme: Introduced a weekly online mentoring programme for children under 12.

• Building Fund Launch: Actively fundraising for the purchase of a permanent place of worship.

Future Plans:

• Establish a Music School to develop youth talent and enhance worship experiences.

• Expand youth mentorship and career guidance programmes.

• Increase community outreach to marginalised groups.

5. Financial Position & Sustainability (2024)

CFANI has demonstrated strong financial growth with net assets increasing to £116,906.

5.1 Financial Position & Reserves

• Total Income: £214,939

• Voluntary Income: £85,105 (Tithes & Offerings)

• Other Income: £129,834 (Gift Aid & Legacy Donation)

• Total Expenditure: £121,269

• Ministry & Outreach Costs: £33,849

• Church Running Costs: £55,588

• Church Renovation Costs: £22,465

• Missions Support: £5,527

• Governance & Administrative Costs: £3,840

• Net Surplus: £93,670

• Closing Fund Balance: £116,906

The charity has no outstanding debts and maintains a strong cash position.

5.2 Designated Funds & Strategic Reserves

To improve fund management, the Trustees have introduced designated funds:

• Building Fund (£70,000): Earmarked for the future acquisition of a permanent place of worship.

• Missions Fund (£12,000): Allocated to support local and international mission activities.

Page 4 of 13

6. Building Fund & Property Acquisition Strategy

6.1 Establishing a Dedicated Building Fund

The charity is actively working towards acquiring a permanent place of worship. Current plans include:

• Strengthening fundraising efforts to increase reserves.

• Seeking external grants and sponsorships to supplement internal savings.

• Developing a long-term financial sustainability plan for property maintenance.

6.2 Future Financial Planning for Property Maintenance

• Conduct a feasibility study to assess financial viability.

• Implement a cost-effective maintenance strategy for future property management.

7. Operational Improvements & Volunteer Management

7.1 Strengthening Internal Operations

• Digitisation of financial & administrative records to enhance efficiency.

• Volunteer Management System Implementation to track engagement and contributions.

7.2 Expanding Volunteer Training & Recognition

• Introduce structured training programmes for volunteers.

• Launch an annual volunteer appreciation programme to acknowledge contributions.

8. Trustees’ Responsibilities

• The Trustees are responsible for:

• Ensuring compliance with financial regulations and best practices.

• Maintaining transparent financial reporting and governance.

• Safeguarding the charity’s assets and preventing financial risks.

9. Volunteers & Acknowledgements

The Trustees extend heartfelt gratitude to:

• Volunteers and church members for their unwavering dedication.

• Donors and partners for their generous contributions.

• Community leaders and stakeholders for their collaboration in delivering impactful programmes.

10. Conclusion

CFANI remains committed to spiritual growth, social impact, and financial sustainability. The Trustees will continue to focus on growth, accountability, and mission-driven initiatives to uphold the charity’s values.

Approved by the Board of Trustees Date: 10 March 2025

Signed:

Pastor Mark Anthony Pasimupindu , Trustee Chairperson

Mrs Denise Kundai Kwatali Mapfumo , Trustee

Page 5 of 13

Independent Examiner’s Report to the Trustees of Church For All Nations International (CFANI)

For the Year Ended 30 April 2024

Respective Responsibilities of Trustees and Independent Examiner

The Trustees of Church For All Nations International (CFANI) are responsible for:

• The preparation of financial statements in accordance with applicable UK Charity Law and Accounting Standards.

• Ensuring that the financial statements give a true and fair view of the state of affairs of the charity.

• Keeping proper accounting records that disclose with reasonable accuracy the financial position of the charity.

• Safeguarding the assets of the charity and taking reasonable steps to prevent fraud and other irregularities.

• As the Independent Examiner, my responsibility is to:

• Examine the accounts under Section 145 of the Charities Act 2011.

• Follow the procedures set out in the General Directions given by the Charity Commission.

• Report on whether any material matters have come to my attention that give cause for concern.

Since the charity’s gross income is below £250,000, it qualifies for an independent examination instead of a full audit, as permitted under the Charities Act 2011.

Basis of Independent Examiner’s Report

I have examined the financial statements of CFANI, which comprise:

• The Statement of Financial Activities (SOFA).

• The Statement of Financial Position (Balance Sheet).

• The Accounting Policies and related Notes to the Financial Statements.

My examination was conducted in accordance with:

• Charities Act 2011 (Sections 145-152).

• Charity Commission’s Directions for Independent Examiners.

• Charities SORP (FRS 102) 2019/2023 guidance.

The examination included:

• Reviewing the accounting records kept by the charity.

• Comparing the financial statements with those records.

• Considering whether the accounts follow proper accounting principles.

• Assessing whether any unusual transactions or patterns require further explanation.

Independent Examiner’s Statement

Based on my examination, no matters have come to my attention that give me reasonable cause to believe that:

1. Proper accounting records have not been kept.

2. The financial statements do not comply with the Charities Act 2011.

3. The accounts are not consistent with the records kept by the charity.

Page 6 of 13

Recommendations for Further Financial Governance Improvements

While the accounts are compliant, I recommend the following improvements:

1. Risk Management – A formal risk register should be introduced to track financial, operational, and regulatory risks.

2. Gift Aid Claims – The charity should ensure Gift Aid claims are processed quarterly to improve cash flow.

3. Reserves Policy – Trustees should consider formalising a reserves policy to manage unrestricted funds more strategically.

4. Building Fund Strategy – A detailed plan for the £70,000 designated fund should be disclosed in future reports.

Independent Examiner’s Signature & Declaration

I confirm that:

• My examination was carried out in accordance with general directions given by the Charity Commission.

• I am qualified to undertake this examination under Section 145 of the Charities Act 2011.

• I have no connection with the charity that could compromise my independence.

Signed:

Macjones Hunduza, ACA Independent Examiner

Date: 10[th ] March 2025

Bilberry Accountants Ltd, Chartered Accountants

Page 7 of 13

Statement of Financial Activity

For the year ended 30 April 2024

Note Incoming Resources Voluntary Income 2 Other Income 3 Total Income Resources Charitable Expenditure Ministry Costs 4 Church Governance 5 Church Running Church Building- Church Renovation Costs Missions Support Costs Total Resources Expended Net movement in Funds Prior Year Adjustment Fund balance brought forward Fund balance carried forward	31-Mar 2024 £ 85,105 129,834 214,939 33,849 840 55,588 22,465 5,527 3,000 121,269 93,670 - 23,236 116,906	31-Mar 2023 £ 68,549 12,837
		81,386
		18,162 840 58,042 - - 2,932
		79,976
		1,410
		8,496 13,330
		23,236

Page 8 of 13

Statement of Financial Position

As at 30 April 2024

Note Fixed Assets Tangible assets 6 Current Assets Cash at bank and in hand 7 Trade and other debtors 8 Current Liabilities Creditors amounts falling due within one year Trade and other creditors 9 Net current Assets NET ASSETS CHARITY FUNDS	31-Mar 2024 £ 15,042 84,610 18,094 102,704 (840) 101,864 116,906 116,906	31-Mar 2023 £ - 11,239 12,837
		24,076 (840)
		23,236
		23,236
		23,236

The financial statements of, charity number 1164737 were approved by the Trustees on 10[th] March 2025.

Signed on behalf by:

Pastor Mark Anthony Pasimupindu Trustee Chairperson

Mrs Denise Kundai Kwatali Mapfumo Trustee

Page 9 of 13

Notes to the Financial Statements for the year ended 30 April 2024

1. Accounting Policy

a. Basis of Preparation

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) – Second Edition (2019), applicable for financial years beginning on or after 1 January 2019, and the updated SORP 2023 guidance. The accounts comply with the Charities Act 2011, the Trust Deed of the charity, and applicable UK Accounting Standards.

The financial statements have been prepared under the historical cost convention, with the exception of investments, which are measured at fair value.

b. Going Concern

The Trustees have assessed the charity’s financial position and confirm that there are no material uncertainties affecting its ability to continue as a going concern for at least 12 months from the date of approval of these financial statements. The charity holds sufficient reserves to meet ongoing obligations and planned activities, ensuring operational sustainability.

c. Fund Accounting

The charity maintains the following categories of funds:

Unrestricted Funds

• General funds available for the charity’s objectives and operational costs.

• Includes designated funds, which are unrestricted funds earmarked for specific purposes by the Trustees.

Designated Funds

• Building Fund (£70,000) – Set aside for the future acquisition of a permanent place of worship.

• Missions Fund (£12,000) – Allocated to support domestic and international mission activities.

These funds are not legally restricted but have been designated by Trustees for these purposes.

Restricted Funds

At present, the charity has no restricted funds, meaning all income received during the year was unrestricted. If future donations are restricted (i.e., donor-imposed conditions apply), they will be accounted for separately.

d. Income Recognition

Income is recognised when the charity has: Entitlement – Clear right to receive the income. Certainty – Reasonable assurance that the income will be received.

Measurability – Income can be reliably quantified.

Income Sources:

• Tithes & Offerings – Recognised on receipt.

• Gift Aid – Recognised when claimable from HMRC.

• Legacy Donations – Recognised when the charity is formally notified and the amount can be reliably measured.

The charity received a significant legacy donation of £111,740 during the year, which has been classified as unrestricted income.

Page 10 of 13

e. Expenditure Recognition

Expenditure is recognised when a liability is incurred, and it is classified under the following categories:

• Ministry & Outreach Costs – Costs related to church services, missions, and community programmes.

• Church Running Costs – Operational expenses, including premises, utilities, and maintenance.

• Governance & Support Costs – Professional fees, including independent examination and administrative support.

All expenses are allocated on an accrual basis.

f. Tangible Fixed Assets & Depreciation

Fixed Assets Recognition

Tangible fixed assets are recognised when:

1. The charity will derive future economic benefits from the asset.

2. The asset has a useful life exceeding one year.

3. The cost exceeds the capitalisation threshold of £1,000.

The following fixed assets are currently held :

Asset Type	Depreciation Method	Useful Life
Motor Vehicles	25% reducing balance	Estimated at 4 years
Musical Instruments	Straight-line basis	4 years

Depreciation is charged annually to reflect the asset’s usage and estimated lifespan. The charity reviews the carrying value of assets annually to determine whether any impairment provisions are necessary. If an asset’s recoverable amount falls below its carrying value, an impairment loss is recognised in the Statement of Financial Activities (SOFA).

g. Financial Instruments

The charity only holds basic financial instruments, including cash, trade debtors, and creditors. These are measured at amortised cost in accordance with SORP (FRS 102). The charity does not engage in complex financial arrangements or derivatives.

h. Reserves Policy

The charity aims to maintain free reserves equivalent to at least three months’ operating expenditure. This ensures financial stability and allows for effective planning for major projects, such as the acquisition of a permanent place of worship.

2. Voluntary income

2. Voluntary income
Tithes Love offering	2024 £ 74,607 10,498 85,105	2023 £ 54,754 8,722
		63,476

Page 11 of 13

3. Other Income Gift Aid Legacy Donation	2024 £ 18,094 111,740 129,834	2023 £ 12,837 -
		12,837

During the financial year, the charity received £111,740 as a legacy donation from the estate of a deceased church member who left a will directing that the funds be donated to CFANI. The funds were received without donor-imposed restrictions, meaning they are unrestricted funds available for the charity's general purposes.

4. Ministry costs Employee costs Allowance 5. Church governance Accountancy and independent examination fees 6. Property Plant and Equipment Cost At 1 May 2023 Additions Disposals At 30 April 2024 Depreciation At 1 May 2023 Charge during the period Disposals At 30 April 2024	2024 £ 24,884 8,965 33,849 2024 £ 840 840 4 5 Motor Vehicles Musical Instruments £ £ 8,000 11,303 8,000 11,303 2,000 2,261 2,000 2,261		2023 £ 18,162 -
			18,162
			2023 £ 840
			840
			5 Total £ 19,303
			19,303
			4,261
			4,261

Page 12 of 13

Net Book Value At 30 April 2023 At 30 April 2024 7. Cash and cash equivalent Cash at bank and in hand		- 9,042 5 2024 £ 84,610 84,610
	- 6,000		- 15,042
			2023 £ 11,239
			11,239

Designated fund £82,000 (Building Project Acquisition £70,000 and £12,000 Missions)

8. Trade and other debtors

Gift Aid Accrual 9. Trade and other creditors Accountancy and independent examination fees	2024 £ 18,094 18,094 2024 £ 840 840	2023 £ 12,837
		12,837
		2023 £ 840
		840

10. Capital commitments

There was no capital commitment in 2024 ( 2023: Nil )

Page 13 of 13