AFM IM UK- LEEDS CENTRAL (HOUSE OF PRAYER) Annual Report and Flnanclal Statements for the year ended 31 March 2024 Contents Page General information Trustee annual report 3,4,5 Independent Examlner's Report Statement of comprehenslve income Statement of Financlal Position Accounting Pollcies 9,10
Registered charlty number: 1168518 Prln¢lpal Offlce I Stonegate Grove Leeds LS7 2TH Trust••s Mrs HeatherToro Mrs Mavis Chlgariro Mr Thomas Matapure Banker5 Lloyds TSB Unlt I The Galleries Shopping Centre Washington NE38 7SA Independent Examlner Tax and Flnanclal Strategists Llmlted Abbey House, 25 Clarendon Road Redhill RHI IQZ
Trustee< Annual Report for the year ended 31 March 2024 The Trustees present their annual report and the flnancial 5taternents for the year ended 31 March 2024 in terms of the Charities Act 2011. Governwnce The church was reglstered a5 a charity with the Charity Commlsslon on 29 July 2016. It is a rnember assembly of the Apostollr Foiih Mlssion International Mini5trles IU KI, Trustee5 work with a Pastor who chairs the church board. Board members are elected by members of the church tri-annually. Governing documents which the Church uses are as follows.. Both the Old and New Testaments of the Bible. CIO - Association registered on 29 July 2016.
Church Constitution and regulatlons approved by the mother church. Policies and manuals provided by the mother church Charltable objective5 The advancement of the Christian faith according to the bible as contained in the confession of faith. To alleviate suffering in the community we operate by providing counselllng, moral 5UPPOrt and flnancial donations. We have a donations policy which does not dlsciiminate membersof the public and wg reach out to all those who welcome us. Risk Management Proactively managing risk to ensure that the church contlnues to operate.Trustees are always measuring and identifying risks and then take rnitigating actions. They are a55iSted by the church board to keep risk at a minimum level. Trustee5 and the Church board set up internal controls which they are always 5mproving and reviewing to ensure that they are robust. It is recognised that systems provide TÉasonable assurance that major risks are managed but cannot provide absolute assurance.
Achlev•ments I, Church Services Sunday services were conducted throughout the year without failure, Guest speakers were i nvlted to preach during some of the service5. In addition, several all-night prayers were held. The church is sub divided into home 8roups. These ère mid-week meetin8S held in members, houses. The atrendance in these services is Increasin8 and there are a lot of good testimonies from our members. Z. Conferences Members attended regional and national conferences together with sister assemblles. The church contrlbuted financially towards these conference5 and member5 benefited from the teachln85. Members are appreciatlng these conferencès and we shall therefore continue to participate In future conferences. 3. Couples mertln8 A couples meeting washeld whlch wasopento members of the public and a guest speaker graced the event. Attendees were encouraged to treat their partners with respett and tolerance. Evidently this event reduced the divorces whlch cause further problems in the society, 4. Communlty engagement Meetings were held with the local counsellor during whlch the church was told of the challenges the government is facing and how the church can be part of the 501ution. For example, the church was en¢oura8ed to play a part in bringing peace and order in the comTnunity. S. Networklng Church rnembers attend networking events whlch are open to all members of the public. For example, ladles attended identity meetings in Harehills and Chapeltown where they made friends. Those stru881in8 Wlth issue5 such as drugs, marriage and childcare get support.
- Donatlons The church buys to•letries, sleeping bags and blankets for the homeless. Donations were also done towards the Russian Ukraine war. Plan$ To enable the church to effertively carry out its objective5, Ihe plan is to acqulfe a buildlnB that members will havÈ access to at any tlmE. Currently, we are restricted, and It is being expensive for us to hire because we pay per hour. Approved by the Trustees: Trustee's name:.,,.,. Trustee's 518nature:. Date:
Independent Examlnerfs Report The Trustee5 of AFM IM UK- Leeds Contral {House of Prayer) appointed me to independently examine their report and the accompanylng financlal statements. Respettlve responsibilltles of the Tru5tee5 and examlner Trustees and management of the charity are responsible for the preparation of the accounts. You considerthat the audit rÈqulrernents of sèction 145 of the CharitiesAct 2011 do not apply and that an independent examination is needed. To keep adequate flnancial recordstliat supportsthe reported annual accounts and to ensure that published reports are free from material mlsstatements and frauds. My rospon$lbllity To carry out procedures such as analytical reviews, In5pectlon of sampled financial records and enquirln8 from those tasked with governance of the charlty any matters that arise. l also consldered the disclosure of materlal fatt5 in the reports and the golng concern of tho church. The nature and extent of my examlnation dld not provide appropriate adequate audlt evldence and therefore no audit opinion is provided in this report. Independent Ex•mlnerfs statement During my Éxamination, no matter ha5 come to my attention: l. Which glves rne reasonable cause to believe that, in any material respect, the requlrements:
To keep accounting records in accordance with 5e¢tlon 130 of the Act and To prepare accounts which accord with the accounting records and comply with the accounting requirements of the Act and the Regulations have not been met or 2. To whi¢h, in my opinion, attention should be drawn to enable a proper understanding of the acco nts to be reached. Tax and Financial Strategists Ltd Abbey House, 25 Clarendon Road, Redhill, RHI IQZ Date
AFM IM UK- Leeds Contral (House of Prayerl Slatement of compTeh¢n5ive inGome lor the year endad 31 March 2023 0110312022 to 3110312023 {£) 0110312022 to 3110312023 { Voluntary Irtt•me Don&'ons foGeTrv Gift aid lax claimèd Tolal voluntary In¢om• 40,523 10,629 51,152 30,827 30.827 Charltablo Actlvltles Costs Holy Communlon Salane8 and wages Travèl & SubslSténc6 Répairs HonoTanum Conferenc88 Rent- Church hall Rent- Par80n8ge Donation8 Rogional Contributton8 Sundry IT ExFen8e3 stationery Total Charltable Activitles Costs 8.200 300 10,8(K) 1,942 682 1.062 3,100 I,ouo 4,411 6,476 7,20 300 2,379 579 155 85 35,327 4,8110 269 1,821 267 85 24,430 Governance Cost• Board, NWC & meetSnp Indèpendent Examinalon Total Governan Costs 70 600 670 550 Depreaation TOTAL SURPLUSIDEFICIT 15,155 5,847
statement of FlnanGlal Position as at 31 MArch 2024 31 March 2024 (£1 31 March 2023 {£) Furniture less.. Deprecialion Net L¥)ok value at 31.03.2019 Musical Equipment less. Depreciaknon Net book value at 31.03.2019 Total Flxed AsS•ts Current As8et8 3,744 Debtor8 Recoverable Glft Aid Bank current account Total Current Assets 37,724 41,488 56,123 56,123 Current Llablities Accrued expenses Total Current Llabllltles ffifKI I Total Net Assets 55,523 40,36B Reserve9 Accumulated surplus Curront year d8fic4Usurplus 40,368 15,155 Y,521 5,847 Totsl Raserve• 55,523
Accountlng Pollcies The principal accounting politieg. all of which havè applièd consistently throu8hout thè yÈar, are set out below. a) Basls of preparation The flnanci¥l statements have been prepared under the historlcal cost Convention and are in accordance with trust law, applicable accounting standards and the Statement of Recommended Practlce, "Accounting and Reporting by Charities. Issued in March 2005. The Charity used the accrual basis of accounting b) Fund accauntln8 No specific funds were Set up in the ye4r under revlew. c) Incomln8 re50ur¢e$ Voluntary Income, Includlng donations, gifts and le8acle5 and grants that provlde core fundlng or are of a general nature, are recognlsed where there is entitlement, c•f tainty of receipt and the amount can be measured with sufficient reliabilltv. Income frorn charitable activities include5 income recognised as earned la5 the related goods or services are provided) under contract where Ihere is entitlement, certainty of receSpt and the amount can be measured with sufficient reliability. Donations received in prior year are higher because they Include amount5 received prior to incorporation. dl Résources expended Expendlture Is recognlsed when a liability Is incurred. Funding provided through contractual agreement5 and perforrnance related grants are recognised as goods or services are 5upplled. Qther grgnt payments ore reco£ni3ed vihEn a iun5tructive obligatlon arlse5 that results In i'he payment bein8 unavoldable. Cost5 of generating funds are those costs incurred in attracting voluntary income, and those incurred in tradlng activlties that ra15e funds. Governance costs intludè those incurred in the governance of its assets a nd are primarily associated with constitutional and statutory requirements. Support costs Include central functions and have been allocated to activity cost categoriès on a basis consistent with the use of resources, e. allocatinB office propertv Costs by floor areas, rnanagement and human resources costs by the number of staff. and finance and IT costs by work done.
e) D4)nated Goods and volunteer and other donated services. Donated goods are recogni5ed in different ways dependent on how they are used by the charity: 111 Those donated for resale produce incorne in the trading venture when they are disposed (il) Those donated for onward transmission to benef i¢iarle5 (chiefly clothing, food and medical supplies) are included in the statement of financial activltles as incomln8 resources and resources expended when they are distributed. They are valued al the amount the charitv would havè had to pay to acquire them. (iii) The value of servlces provided by volunteers 15 not Incorporated inlo these financial Statements. Where servlces are provided to the tharity as a donation that would normally be purchased from our suppliers this contribution 15 included in the financial statements at an e5tlmate based on the value of the contrlbution to the charity. fj Taxatlon Irrecoverable VAT is not separately analysed and is charged to the statement of financial actlvitles 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 income received under 8ift old is recognised when the related income is recelvable and is allocated to the income cate80ry to which the income relates. i) Tanglble flxed issets and deprea&tlon Tangible assets are $tated at cost and depreclated over their useful economic lives at the followlng rate5- Fixture and fittings 4 years Equipment 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 char8ed to the relevant expenditure category of the statement of financia l artivities. Whère an asset is not primarily used to generate income, its i mpai rment 15 a55e55ed by ref erence to Its service potential on its i nitial acquisition. The charity currently has no tangible fixed assets to which impalrment provisions apply. h) Llabllltles All Ilabilities were due within I year from the reporting date 10 | p IlV,Q