APOSTOLJC FAITH T4CISSION PORTSMOUTH ASSEMBLY
(OASIS OF LOVE)
Financial Statements for the yeAr ended 31 March 2025
Contents
Trustees and professional advisors
Trustees Report
Independent Examiner Report
Statement of Fin3ncial Activity
Statement of Financial Position
Notes to the Financial Statements
Page
10- 12
Page l of IJ

Registered Charity Number: 1165249
Registered address:
Suit 1, 49 Victoria Road
Aldershort
GUII ISJ
Trustees:
Lorna Chivandire (appointed 12 July 20151
Nompilo Komboni lappointed 24 February 20251
Ital Dhedheya lappointed 29 October 20181
Martin Dube lappointed 12 July 20151
Bankers:
Barclays Bank PLC
236 Fleet Road
Fleet
GU514BX
Independent Examlners:
Bilberry Accountants Limited
Chartered Accountarbts
Castle Court, 41 London Road
Reigate
RH2 9RJ
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Report ofthe Trustees forthe year ended 31 March 2025
The Trustees of AFMIM UK Portsmouth Assembly.. Oasis of Love present their annual report together with the
financial statements for the year ended 31 March 2025. The report has been prepared in accordance with the
Charities Act 2011, the Charities (Accounts and Reports) Regulations 2(M)8 and the Charities SORP IFRS 102112nd
edltlon, October 2019,. 201912023 updates).
l) Structure. governance and management
Legal form and governing document. The charity is an unincorporated charity established by Trust Deed dated 29
November 2015.
How we ?re governed. Day-to-day ministry is led by the Resident Pastor (Chairl,. overall governance rests with the
Trustees, who meet at least three times a year, and the Church Board. In line with the AFMIM IUKI constitution, the
Church Board-
appoints heads of ministries and the administrative/strategic leadership team,.
recommends and appoints Trustees,. and
approves policies and procedures, including induction and training for Trustees.
Trustee recruitment and training. Trustees are elected from among church members at triennial Board meetings
based on competence, specialist skills and availability. New Trustees attend an induction workshop covering the
Trust Deed, key policies (finance, safeguarding, data protection), SORP responsibilities and risk management.
Leadership development workshops are run during the year using internal and external trainers.
Organisational structure (operational units).
Church Board • Board of Trustees • Sisters, Union • Youth • Men's Fellowship . Building Fund Committee.
(Assemblies elsewhere operate as separate charities,. their results are not included here.)
Related parties and independence. No Trustee received remuneration. Any Trustee expenses or related-party
transactions are di5c105ed in the notes lif applicable). Trustees declare and manage conflicts of interest.
21 Objectives and artivities for the public benefit
Charitable purpose. The charity exists for the advancement of the Christian religion and the practical outworking of
the gospel through worship, discipleship, mission and social action.
Public benefit Statement. The Trustees confirm they have had due regard to the Charity Commission's guidance on
public benefit when planning activities and setting objectives.
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What we do. Our core activities are.. weekly worship and pastoral care,. teaching and discipleship,. children's and
youth ministries,. marriage and family support,. leadership training,. outreach, evangelism and community events,. and
relief of need through gifts and support locally and overseas.
31 Strategyth plans and performance
Strategic aims120241251.
l. Grow and multiply a55emblies within our region.
2. Strengthen leadership capacity across ministries and affiliated charities.
Proclaim the gospel more widely through visible, welcoming community engagement.
4. Lay foundations for a pemianent worship centre via a restricted Building Fund.
Progress agalnst alms.
Church growth and mission. We supported the establishment of a Bournemouth sub-assembly, held
combined services, and opened additional preaching points to reach new communities.
Leadership pipeline. We delivered governance and financial training for trustees, treasurers and ministry
leads,. probationary placements were set for newly trained pastors prior to ordination.
Community engagement. Our'Take Off the Limit" conference and weekly programmes for children, youth
and adults were open to all. We provided pastoral and practical assistance to people with spiritual, social
and emotional needs.
International relief. During the year the church prepared and shipped baby bundles to Chitungwiza
Maternity Ward, Zimbabwe, supporting mothers 2nd newborns. Donated goods are not recognised in the
financial statements Isee accounting policies),. however, the cash costs of shipping and logistics are included
within Charitable activities expenditure.
Diversity and inclusion. While our roots are in Zimbabwe, we are encouraged by the growing number of
nationalities represented in services and ministries.
Key outcome indicators Iheodlinel.
Income £139,224 lup strongly year-on-yearl, of which restricted Building Fund £23,229.
Expenditure £87,047 supporting ministry deliveryi training and outreach.
Net surplus £52,177 to strengthen our financial base and fund future mission.
41 Rlsk management & sateguardlng
Trustees maintain a risk register reviewed at least annually and after major events. Principal risks and mitigations
include..
Financial sustainability: reliance on voluntary giving. Mitigation.. reseNes policy, monthly budget
monitoring, gift-aid maximisation.
Safeguarding children and adults at risk: Mitigotion.- safer-recruitment, DBS checks, training, reporting
routes and named safeguarding leads.
Compliance for overseas Shipments: Mitigotion.- donation screening, customsltransport checks, partner
confirmations, and clear policies on gifts-in-kind Inot recognised in the accounts unless reliably measurable).
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Data protection and cyber risk: Mitigation.. access controls, device hygiene and training.
5) Financial review
Results. The Statement of Financial Activities reports income of £139,224, expenditure of £87,047, and a net surplus
of £52,177.
Funds at year end. Total funds were £101,693, comprising..
Restricted funds (Building Fundl.. £64,949, held in a separate bank account for acquisition of a place of
worship,. and
Unrestricted funds Ifree reserves): £36,744 available for general mission and operating needs.
Reserves policy. The Trustees aim to hold a minimum of £10,000 in unrestricted reserves. At 31 March 2025, free
reserves were £36,744, c. 5 months of average operating costs Ibased on current expenditure). This exceeds the
minimum and positions us to manage timing differences between intome and outgoings and to respond to
unforeseen needs.
Golng concern. The Trustees have reviewed cash-flow forecasts for at least 12 months from the date of approval
and, in light of reserves and expected income, tonsider it appropriate to prepare the accounts on a going-concern
basis.
61 Bulldlng Fund and place of worshlp
In January 2024 we launched a restricted Building Fund, approved by the Church Board and Trustees, and opened a
dedicated bank account with Barclays. A Building Committee was appointed (Trust Chair, Church Administrator,
representatives of Ladies, Men and Youth, and members of the pastoral team) to lead feasibility, fundraising and due
diligence on potential properties. Work in 2025126 will focus on short-listing properties, assessing affordability and
ensuring any acquisition advances our charitable purposes and community access.
71 Volunteers
We are deeply grateful to our volunteers who serve across worship, youth and children's work, pastoral care, media
and music, hospitality, logistics and governance. Their time and talents significantly extend our impact.
8) Plans for future periods12025126 priorities)
Mission grovrth: consolidate the Bournemouth plant and explore one additional preaching point.
Capacity: complete trustee and ministry-lead training rycle; onboard additional musicians and mentors.
Community impact: expand maternity-ward support overseas subject to compliance, and develop a local
compassion project (food, debt advice or befriending) with partner churches.
Building: progress property search, fundraising and stakeholder engagement.
91 Statement of Trustees, responslbllltles
The Trustees are responsible for preparing the Trustees, Annual Report and financial statements in accordance with
applicable law and UK GAAP IFRS 1021. Charity law requires the Trustees to prepare financial statements for each
financial year which give a true and fair view of the charit￿5 income and expenditure, and of its assets and liabilities.
In preparing the financial statements the Trustees must-
select suitable accounting policies and apply them consistentlv.
observe the methods and principles in the Charities SORP IFRS 1021,.
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make judgements and estimates that are reasonable and prudent,.
state whether applicable UK Accounting Standards have been followed, subject to any material departures
disclosed and explained,. and
prepare the financial statements on a going-concern basis unless it is inappropriate to presume that the
charity will continue.
The Trustees are responsible for adequate accounting records, safeguarding the charity's assets, and taking
reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the Trustees on 28 January 2026
Approved on behalf of Trustees
Mrs Lorna Chivandlre (Trusteel Chalrl
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Independent examinerfs report to the trustees of AFMIM UK Portsmouth Assembly (Oasis of Lovel- charity no.
1165249
I report to the charity trustees on my examination of the financial statements of the charity for the year ended 31
March 2025, which comprise the Statement of Financial Activities, the Statement of Financial Position and related
notes.
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the financial statements in accordance with the
Charities Act 20111"the Act").
I conducted my examination in accordance with section 145 of the Act and the General Directions given by the
Charity Commission under section 145151. An examination includes a review of the accounting records kept by the
charity and a comparison of the financial statements with those records. It also includes consideration of any
unusual items or disclosures in the financial statements and seeking explanations from you as trustees concerning
any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and
consequently no opinion is given as to whether the financial statements present a 'true and fair view, and the report
is limited to those matters set out below.
Independent examinerfs statement
In connection with my examination, no matter has come to my attention:
which gives me reasonable cause to believe that in any material respect the requirements to keep
accounting records in accordance with section 130 of the Act,. and to prepare financial statements which
accord with the accounting records and comply with the accounting requirements of the Act have not been
met; or
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the
Inancial statements to be reached.
Macjones Hunduza ACA IICAEWI
Bilberry Accountants Ltd, Chartered Accountants
Date: 29 January2026
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Statement of Financial Activity
Forthe year ended 31 March 2025
Unrestricted
Restricted
fund5
funds
31-Mar
31-Mar
2025
2025
2025
2024
Note
Incoming Resources
Voluntary Income
Activities for generating funds
Other Income
86,846
86,846
65,894
1,219
1,219
450
27,930
23,229
51,159
18,054
Total Income Resource5
115,995
23,229
139,224
84,398
Charitable Expenditure
Ministry costs
Church Governance
25,805
24,742
1,200
1,200
Church Running
Community Building
60,042
47,099
Total Resources Expended
87,047
73,041
Net m¢)vement in Funds
52,177
11,357
Prlor Year Adlustment
15,5691
18,628
Fund balance brought forward
55,085
25,100
Fund balance carried forward
101,693
55,085
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Statement of Financial Position
As at 31 Marth 2025
31-Mar
2025
31-Mar
2024
Note
Flxed Assets
Tangible assets
2,034
2,466
Current Assets
Cash at bank and in hand
Trade and other debtors
73,564
27,29S
43,682
10,137
100,859
53,819
Current Liabilities
Creditors amounts falling due within one year
Trade and other creditors
11,2001
11,2001
Net current Assets
99.659
52.619
NET ASSETS
101.693
55.085
CHARITY FUNDS
101,693
55,085
The financial statements of AFMIM UK Portsmouth Assembly: Oasis of Love, charity number 1165249 were approved
by the Trustees on 28, january 2026.
Approved on behalf of Trustees:
Mrs Lorna Chivandire (Trustee/ Chairl
Page 9 of 13

Notes to the Financial Statements for the year ended 31 March 2025
l. Accounting Policy
al Basis of preparation
The financial statements have been prepared under the historical cost convention in accordance prepared in
accordance with the Charities Act 2011, the Charities IAtcounts and Reports) Regulations 2(x)8 and the Charities
SORP IFRS 102112nd ed. Oct 2019: 201912023 updates.
bl Fund accounting
Unrestricted funds are general funds that are available for use at the trustees, discretion in furtherance of the
objectives of the charity. Restritted funds are those donated for use in a particular area or for specifit purposes, the
use of which is restricted to that area or purpose.
cl Incoming re50urces
Voluntary income, including donations, gifts and legacies and grants that provide core funding or are of a general
nature, are recognised where there is entitlement, certainty of receipt and the amount can be measured with
sufficient reliability.
Investment income is recognised on a receivable basis.
Income from charitable activities includes income recognised as earned las the related goods or services are
provided) under contract where there is entitlement, certainty of receipt and the amount can be Measured with
sufficient reliability.
dl Resources expended
Expenditure is recognised when a liability is incurred. Funding provided through contractual agreements and
performance related grants are recognised as goods or services are supplied.
Other grant payments costs of generating funds are those costs incurred in attracting voluntary incorlle, and those
incurred in trading activities that raise funds.
Governance costs include those incurred in the governance of its assets and are primarily associated with
constitutional and statutory requirements.
Support costs include central functions and have been allocated to activity cost categories on a basis tonsistent with
the use of resources, e.g. allocating office property costs by floor areas, management and human resources costs by
the number of staff, and finance and IT costs by work done.
e) Donated Goods and services Igifts-in-kindl.
The charity receives donated good5 le.g.1 baby clothing and essentials) for onward distribution. These donations are
not recognised in the Statement of Financial Activities because their fair value cannot be measured reliably without
undue cost or effort and the charity does not have control over the goods before distribution. Volumes and
outcomes are reported in the Trustees, report.
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Contributed time and services from volunteers are not recognised as accounting income because they do not create
or enhance a recognisable asset. the value of such support is disclosed in narrative form in the Trustees, report.
fl Taxation
Irrecoverable VAT is not separately analysed and is charged to the statement of financial activities when the
expenditure to which it relates is incurred and is allocated as part of the expenditure to which it relates.
Tax recovered from voluntary intome received under gift aid is recognised when the related income is receivable
and is allocated to the income category to which the income relates.
gl Tangible fixed assets and depreciation
Tangible assets are stated at cost and depreciated over their useful economic lives at the following rates-
Musical Instruments
Equipment
4 years
4 years
Where the recoverable amount of a tangible asset is found to be below its net book value, the asset is written down
to its recoverable amount and the loss on impairment is charged to the relevant expenditure category of the
Statement of financial activities.
Where an asset is not primarily used to generate income its impairment is assessed by reference to its service
potential on its initial acquisition. The charity currently has no tangible fixed assets to which impairment provisions
apply.
2. Voluntary income
2025
2024
Tithes
Love offering
62,861
23,985
86,846
46,583
19,311
65,894
3. Other Income
2025
2024
GiftAid
Interest reteived
Restricted donations
27,295
635
23,229
51,159
10,137
656
7,261
18,054
4. Ministry costs
2025
2024
Employee costs
25,805
25,805
29,647
29,647
5. Church governance
2025
2024
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Accountancy and independent examination fees
1,200
1.200
1,200
1.200
6. Property Plant and Equipment
Musical
Instrument5
Total
Cost
At l April 2024
Additions
4,965
1,079
4,965
1,079
At 31 March 2025
6,044
6,044
Depreciation
At l April 2024
Charge during the period
2,499
1,511
2,499
1,511
At 31 March 2025
4,010
4,010
Net Book Value
At 31 March 2024
2,466
2,466
At 31 March 2025
2,034
2,034
7. Cash and cash equivalent
2025
2024
Unrestricted funds
Restricted (building fund)
8,615
64,949
73,564
24,890
18,792
43,682
8. Trade and other debtors
2025
2024
Gift Aid Accrual
27,295
27,295
10,137
10,137
9. Trade and other credltors
2025
2024
Accountancy and independent examination fees
Other taxes and sOC131 secLJrity
1,200
1,200
1,200
1,200
IQ. Capital commitment5
There was no capital commitment in 202512024.- Nill
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