2022-03-31-accounts

for the year	ended 31March	2022
			Unrestricted
			funds	Total funds	Total funds
			2022	2022	2021
		Notes
Income and	endowments
from:
Donations	and legacies		48,960	48,960	56,211
Total			48,960	48,960	56,211
Expenditure	on:
Other			42,521	42,521	42,972
Total			42,521	42,521	42,972
Net gains on	investments
Net income			6,439	6,439	13,239
Transfers between funds
Net income before other
gains'(losses)			6,439	6,439	13,239
Other gains and losses
Net movement in funds			6,439	6,439	13,239
Reconciliation offunds:
Total funds brought forward			21,509	21,509	8,270
Total funds carried forward			27,948	27,948	21,509

AFMIM UK Portsmouth Assembly Balance Sheet at 31March 2022
Charity No. 1165249		2022	2021
		6
Fixed assets
Tangible assets	7	354	472
		354	472
Current assets
Cash at bank and in hand		27,594	21,037
		27,594	21,037
Net current assets		27,594	21,037
Total assets less current liabilities		27,948	21,509
Net assets excluding pension asset or liability		27,948	21,509
Total net assets		27,948	21,509
The funds ofthe charity
Restricted funds
Unrestricted funds
General funds		27,948	21,509
		27,948	21,509
Reserves
Totalfunds		27,948	21,509

Fund accounting	Fund accounting	Fund accounting
Unrestricted		funds	These are available for use atthe discretion ofthe trustees in furtherance						ofthe
			general objects ofthe 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 ofinvestment assets at their market values.
Restricted	funds		These are available for use subject to restrictions imposed			by the donor		or	through
			terms ofan appeal.
Income
Recognition		of	income is included in the Statement ofFinancial 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 ofgrants, 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 SoFAatthe	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 tothe Charity is reasonably quantifiable,			measurable		and
			material.
Volunteer	help		The value ofany 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		offixed	at the end ofthe year.
assets
Gains/(losses) on			This includes any gain or loss on the sale ofinvestments.
investment		assets

2	Statemen	t	of Financial		Activities - prior year
							Unrestricted
							funds	Total funds
							2021	2021
Income and endowments				from:
	Donations		and legacies				56,211	56,211
Total							56,211	56,211
Expenditure		on:
	Other						42,972	42,972
Total							42,972	42,972
Net	income						13,239	13,239
Net	income before other
gains/(losses)							13,239	13,239
Other gains and losses:
Net	movement		in funds				13,239	13,239
Reconciliation			offunds:
Total funds brought forward							8,270	8,270
Total funds carried forward							21,509	21,509
3	Income from donations				and legacies
						Unrestricted	Total	Total
							2022	2021
						E	f
	Tithes					26,678	26,678	7,287
	Offering					6,943	6,943	24,856
	HMRC JRS		Grant			6,880	6,880	14,543
	Gift Aid					8,459	8,459	9,525
						48,960	48,960	56,211

				Unrestricted	Total	Total
					ZDZZ	2021
	Employee costs			25,029	25,029	26,726
	Motor and travel costs			1,096	1,096	593
	Premises costs			12,850	12,850	12,000
	Amortisation, depreciation,
	impairment, profit/loss	on		118	118	157
	disposal offixed assets
	General administrative	costs		2,588	2,588	2,656
	Legal and professional	costs		840	840	840
				42,521	42,521	42,972
5	Net income before transfers
				2022		2021
	This is stated after charging:			E		E
	Depreciation ofowned	fixed assets		118		157
6	Staff costs
				2022		2021
	Salaries and wages			19,202		19,202
	Social security costs			1,567		3,949
	Pension costs			2,352		1,259
				23,121		24,410
	No employee received	emoluments	in excess off60,000.
7	Tangible fixed assets
	Cost or revaluation
	At 1April 2021				472	472
	At 31March 2022				472	472
	Depreciation and
	impairment
	Depreciation charge forthe
	year				118	118
	At 31March 2022				118	118
	Net book values
	At 31March 2022				354	354
	At 31March 2021				472	472

				incoming
				resources
						At 31
			At 1April	(including other gains/losses	Resources expended	Iviarch 2022
			2021	)
				6
	Restricted funds:
	Unrestricted	funds:
	General funds		21,509	48,960	(42,521)	27,948
	Total funds		21,509	48,960	(42,521)	27,948
9	Analysis ofnet assets between funds
				Unrestricted	Restricted
				funds	funds	Total
						6
	Fixed assets				354	354
	Net current assets			27,594		27,594
				27,594	354	27,948
10	Reconciliation	ofnet debt
						At 31
				At 1April		March
				2021	Cash flows	2022
				6		f
	Cash and cash	equivalents		21,037	6,557	27,594
				21,037	6,557	27,594
	Net debt			21,037	6,557	27,594
11	Commitments

Annual co	mmitments under non-cancellable	operating leases are	as follows:
		2022	2022	2021	2021
		land and		land and
		buildings	Other	buildings	Other
		f.		6
Operating	leases with expiry date:
Pension commitments
			2022		2021
			6		f
The pension cost charge tothe charity
amounted	to:		2,352		1.259

	2022	2021
	f	f
Cash flows from operating actirdties
Net income per Statement of Financial Activities	6,439	13,239
Adjustments for:
Depreciation of property, plant and equipment	118	157
Net cash provided by operating activities	6,557	13,396
Net cash from investing activities
Net cash from financing activities
Net increase in cash and cash equivalents	6,557	13,396
Cash and cash equivalents atthe beginning ofthe year	21,037	7,638
Cash and cash equivalents atthe end ofthe year	27,594	21,034
Components ofcash and cash equivalents
Cash and bank balances	27,594	21,037
	27,594	21,037

forthe year ended 3		1M	arch 2022
				Unrestricted
				funds	Total funds	Total funds
				2022	2022	2021
				f		f
Income and endowments			from:
Donations and legacies
Tithes				26,678	26,678	7,287
Offerings				6,943	6,943	24,856
HMRC JRSGrant				6,880	6,880	14,543
Gift Aid				8,459	8,459	9,525
				48,960	48,960	56,211
Total income and endowments				48,960	48,960	56,211
Expenditure on:
Employee costs
Salaries/wages				19,202	19,202	19,202
Employer's NIC				1,567	1,567	3,949
Pension costs				2,352	2,352	1,259
Staff welfare				308	308
Honorarium				1,600	1,600	2,316
				25,029	25,029	26,726
Motor and travel costs
Travel and subsistence				1,096	1,096	593
				1,096	1,096	593
Premises costs
Rent				12,850	12,850	12,000
				12,850	12,850	12,000
General administrative			costs,
including depreciation		and
amortisation
Depreciation of				118	118	157
Bank charges				628	628	628
General insurances				600	6oo	549
Software, ITsupport		and related
costs				449
Stationery and printing				80	80
Sundry expenses				119	119
Telephone, fax and		broadband		712	712	1,031
				2,706	2,706	2,813
Lega I and professiona		Icosts
Audit/Independent fees		examination		840	840	840
				840	840	840
Total ofexpenditure	ofother costs			42,521	42,521	42,972
Total expenditure				42,521	42,521	42,972

Net gains on	investments
Net income		6,439	6,439	13,239
Net income before other
gains/(losses)		6,439	6,439	13,239
Other Gains
Net movement	in funds	6,439	6,439	13,239
Reconegiation	offunds:
Total funds brought fonvard		21,509	21,509	8,270
Total funds carried forward		27,948	27,948	21,509