OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

← Acts Of Faith Ministries Limited

2024-08-31-accounts

REGISTERED COMPANY NUMBER: 05724253 (England and Wales) REGISTERED CHARITY NUMBER: 1169902

REPORT OF THE TRUSTEES AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

FOR

ACTS OF FAITH MINISTRIES LIMITED

Wright Connections Limited Bedford I-Lab Priory Business Park Stannard Way Bedford Bedfordshire MK44 3RZ

ACTS OF FAITH MINISTRIES LIMITED

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

==> picture [500 x 653] intentionally omitted <==

----- Start of picture text -----
Page
Report of the Trustees 1 to 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Balance Sheet 6 to 7
Notes to the Financial Statements 8 to 14
----- End of picture text -----

ACTS OF FAITH MINISTRIES LIMITED (REGISTERED NUMBER: 05724253)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 August 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The objects of the organisation as adopted on 5 February 2020 are for the benefit of the public to:

Advance the Christian Faith in accordance with the statement of beliefs appearing in the schedule hereto in the county of Bedfordshire and in such other parts of the United Kingdom or the world as the trustees may from time to time think fit.

Relieve persons who are in conditions of need or hardship or who are aged or sick and to relieve the distress caused thereby in the said county and in such other parts of the United Kingdom or the world as the trustees may from time to time think fit

Promote and fulfil such other charitable purpose beneficial to the community in the said county and in such other parts of the United Kingdom of the world as the trustees may from may from time to time think fit.

This includes

Significant activities

The activities of the charity are as follows:

Public benefit

The trustees have regard to the Charity Commission guidance on public benefit in section 4 of the Charities Act.

Volunteers

The charity relies on a significant number of volunteers for both administrative and pastoral support. The trustees are unable to quantify the monetary value of this support with any assured accuracy.

Page 1

ACTS OF FAITH MINISTRIES LIMITED (REGISTERED NUMBER: 05724253)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024

ACHIEVEMENTS AND PERFORMANCE

Charitable activities

The Young People 's meetings every Thursday continue to be a great success as we experienced 9 young people getting saved and being baptized.

Window of church meetings continue to be a success with results as follows

Hope of a Child continues to impact different nations. Eddie from Burundi will be graduating in December 2024 as an Architect.

Meetings on zoom every Wednesdays for bible teachings and Every day 5am & 12pm for prayer continues to be a success in reaching out beyond Bedford both in the UK and Internationally. This has helped in counselling people, assisting couples in marriages etc.

The charity will continue impacting the community by helping with food, transport, Translation etc. The charity has continued to assist families who moved into Bedford with food stuffs, bedding, transport to allow them to settle down.

Community day continues to prove to be a success as we have people from different backgrounds and challenges attend. Testimonials of people who have like addiction, alcoholism, drugs etc.

The charity continues to maximise using the Studio for the different groups especially young people who are being mentored, counselled and develop in different aspects such as learning to play instruments, career guidance, young leadership training etc.

The charity is still looking to lease or purchase a building. This will help avoiding change of venue time and gain which has been impacting attendance of church and activities. Different groups meet at the Studio which limits attendance due to its size.

FINANCIAL REVIEW

Financial position

Total reserves at 31 August 2024 amounted to (2023: ) of which (2023: unrestricted.

were

Principal funding sources

Monies come by way of donations from individuals from both within and outside of the UK including those who worship at the church.

Reserves policy

The charity intends to increase unrestricted funds which are the reserves of the charity at about three months of unrestricted expenditure in case of any emergency expenditures that may rise from time to time.

We remain committed to work to achieve the organisation's agreed aims and objectives. We have been able to maintain a healthy level of liquid funds which will allow the organisation to operate comfortably for the foreseeable future.

FUTURE PLANS

The charity is still looking to purchase or lease a building. Funds continue to be raised for this project.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

Recruitment and appointment of new trustees

Trustees are appointed from the worshipping congregation in accordance with the Articles of Association.

Page 2

ACTS OF FAITH MINISTRIES LIMITED (REGISTERED NUMBER: 05724253)

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2024

STRUCTURE, GOVERNANCE AND MANAGEMENT Organisational structure

The trustees meet on a regular basis to consider all aspects of the charities activities.

The trustees delegate the operational issues to the leadership team. The leadership team is made up of the trustees together with the Abel Kungu the Religious Minister, Harold Curson, Daphne Curson and Claver Lukombo.

Deacons have been appointed to oversee the welfare and pastoral needs of church members. They are supported in their roles by Elders.

Risk management

The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

The charity has assessed all the major risks it is exposed to particularly those related to operations and finances.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

05724253 (England and Wales)

Registered Charity number

1169902

Registered office

38 Keysoe Road Bedford MK44 2DZ

Trustees

K Chahal G Madziva M Chohan

Company Secretary

G Madziva

Independent Examiner

Wright Connections Limited Bedford I-Lab Priory Business Park Stannard Way Bedford Bedfordshire MK44 3RZ

Bankers

Natwest - Bedford Barclays - Bedford

This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the board of trustees on 28 August 2025 and signed on its behalf by:

G Madziva - Trustee

Page 3

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ACTS OF FAITH MINISTRIES LIMITED

Independent examiner's report to the trustees of Acts of Faith Ministries Limited ('the Company')

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 August 2024.

Responsibilities and basis of report

As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act').

Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under Section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under Section 145(5) (b) of the 2011 Act.

Independent examiner's statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

  1. accounting records were not kept in respect of the Company as required by Section 386 of the 2006 Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the accounting requirements of Section 396 of the 2006 Act other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).

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 accounts to be reached.

Suzanne Goodson BSc FCA

Wright Connections Limited Bedford I-Lab Priory Business Park Stannard Way Bedford Bedfordshire MK44 3RZ 29/08/2025 Date: .............................................

Page 4

ACTS OF FAITH MINISTRIES LIMITED

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 AUGUST 2024

31.8.24
Unrestricted
Restricted
Total
fund
funds
funds
Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
36,670
-
36,670
Charitable activities
4
Advancement of Christian Religion
1,013
5,622
6,635
Investment income
3
-
42
42
Total
37,683
5,664
43,347
EXPENDITURE ON
Charitable activities
5
Advancement of Christian Religion
49,928
2,020
51,948
NET INCOME/(EXPENDITURE)
(12,245)
3,644
(8,601)
RECONCILIATION OF FUNDS
Total funds brought forward
55,115
34,143
89,258
TOTAL FUNDS CARRIED FORWARD
42,870
37,787
80,657		 31.8.23
Total
funds
45,119
3,402
158
48,679
70,553
(21,874)
111,132
89,258

The notes form part of these financial statements

Page 5

ACTS OF FAITH MINISTRIES LIMITED (REGISTERED NUMBER: 05724253)

BALANCE SHEET 31 AUGUST 2024

Unrestricted
Restricted
fund
funds
Notes
FIXED ASSETS
Tangible assets
11
6,584
-
CURRENT ASSETS
Debtors
12
2,690
-
Cash at bank
40,991
37,788
43,681
37,788
CREDITORS
Amounts falling due within one year
13
(7,395)
(1)
NET CURRENT ASSETS
36,286
37,787
TOTAL ASSETS LESS CURRENT LIABILITIES
42,870
37,787
NET ASSETS
42,870
37,787
FUNDS
14
Unrestricted funds
Restricted funds
TOTAL FUNDS		 31.8.24
Total
funds
6,584
2,690
78,779
81,469
(7,396)
74,073
80,657
80,657
42,870
37,787
80,657		 31.8.23
Total
funds
10,582
1,920
87,716
89,636
(10,960)
78,676
89,258
89,258
55,115
34,143
89,258

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The trustees acknowledge their responsibilities for

The notes form part of these financial statements

Page 6

continued...

ACTS OF FAITH MINISTRIES LIMITED (REGISTERED NUMBER: 05724253)

BALANCE SHEET - continued 31 AUGUST 2024

These financial statements have been prepared in accordance with the provisions applicable to charitable companies subject to the small companies regime.

The financial statements were approved by the Board of Trustees and authorised for issue on 28 August 2025 and were signed on its behalf by:

G Madziva - Trustee

M Chohan - Trustee

The notes form part of these financial statements

Page 7

ACTS OF FAITH MINISTRIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2024

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements are prepared on a going concern basis under the historical cost convention. The financial

General information

The charity is a private limited company (incorporated in England and Wales), limited by guarantee, as defined by the Companies Act 2006. The charity's operations are controlled from, and its records and accounts maintained in, its registered office 38 Keysoe Road, Bedford.

The charity holds occasional mid week meetings and Sunday worship in the Harpur Suite in Bedford town centre. It also holds meetings, including those via the internet, in a studio at 1A Hammond Road Bedford.

The nature of the charity's operations and principal activities are described in the Report of the Trustees.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery - 20% on cost

Assets are capitalised where it is expected that their useful life is in excess of 12 months and their cost is in excess

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Page 8

continued...

ACTS OF FAITH MINISTRIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024

1. ACCOUNTING POLICIES - continued

Donated goods and services

Donated goods services are recognised in income at their fair value only when their economic benefit is probable, it can be measured reliably and the charity has control over the item.

Debtors and creditors receivable/payable within 1 year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

Judgements

No judgements (apart from those involving estimates) have been made in the process of applying the above accounting policies.

2.
DONATIONS AND LEGACIES
Donations		 31.8.24
31.8.23
36,670
45,119
3.
INVESTMENT INCOME
Bank interest received		 31.8.24
31.8.23
42
158
4.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Bible school
Advancement of Christian Religion
Donations restricted
Advancement of Christian Religion		 31.8.24
31.8.23
1,013
525
5,622
2,877
6,635
3,402
5.
CHARITABLE ACTIVITIES COSTS
Direct
Costs
Advancement of Christian Religion
50,288		 Support
costs (see
note 6)
Totals
1,660
51,948

Page 9

continued...

ACTS OF FAITH MINISTRIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024

6. SUPPORT COSTS

==> picture [464 x 41] intentionally omitted <==

----- Start of picture text -----
||| |---|---| |Governance| |costs| |Advancement of Christian Religion|1,660|

----- End of picture text -----

7. NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

==> picture [455 x 53] intentionally omitted <==

----- Start of picture text -----
|||| |---|---|---| |31.8.24|31.8.23| |Independent Examiners' Remuneration|720|720| |Independent Examiner - other services|940|840| |Depreciation - owned assets|3,998|3,998|

----- End of picture text -----

8. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 August 2024 nor for the year ended 31 August 2023.

Trustees' expenses

All trustees are paid travel expenses and one is reimbursed for telephone costs incurred on behalf of the charity. Other members of the leadership team are also reimbursed for expenses incurred on behalf of the charity.

See Note 15 regarding flights to Australia in respect of Gonai Madziva and her family.

9. STAFF COSTS

==> picture [456 x 52] intentionally omitted <==

----- Start of picture text -----
|||| |---|---|---| |31.8.24|31.8.23| |Wages and salaries|19,500|23,710| |19,500|23,710|

----- End of picture text -----

Abel Kungu, the Religious Minister, is married to Gonai Madziva who is a trustee. He is considered to be key management.

The average monthly number of employees during the year was as follows:

==> picture [452 x 21] intentionally omitted <==

----- Start of picture text -----
|||| |---|---|---| |31.8.24|31.8.23| |Religious Minister|1|1|

----- End of picture text -----

Page 10

continued...

ACTS OF FAITH MINISTRIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024

==> picture [500 x 653] intentionally omitted <==

----- Start of picture text -----
10. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted Restricted Total
fund funds funds
INCOME AND ENDOWMENTS FROM
Donations and legacies 40,198 4,921 45,119
Charitable activities
Advancement of Christian Religion 525 2,877 3,402
Investment income - 158 158
Total 40,723 7,956 48,679
EXPENDITURE ON
Charitable activities
Advancement of Christian Religion 66,542 4,011 70,553
NET INCOME/(EXPENDITURE) (25,819) 3,945 (21,874)
RECONCILIATION OF FUNDS
Total funds brought forward 80,934 30,198 111,132
TOTAL FUNDS CARRIED FORWARD 55,115 34,143 89,258
11. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
COST
At 1 September 2023 and 31 August 2024 17,483 2,506 19,989
DEPRECIATION
At 1 September 2023 8,425 982 9,407
Charge for year 3,497 501 3,998
At 31 August 2024 11,922 1,483 13,405
NET BOOK VALUE
At 31 August 2024 5,561 1,023 6,584
At 31 August 2023 9,058 1,524 10,582
----- End of picture text -----

Page 11

continued...

ACTS OF FAITH MINISTRIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024

==> picture [500 x 653] intentionally omitted <==

----- Start of picture text -----
12. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
Other debtors 1,672 316
Stripe - 407
Prepayments 1,018 1,197
2,690 1,920
13. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.24 31.8.23
Social security and other taxes 1,333 1,778
Wages control account - 1,337
Accrued expenses 6,063 7,845
7,396 10,960
14. MOVEMENT IN FUNDS
Net
movement At
At 1.9.23 in funds 31.8.24
Unrestricted funds
General fund 55,115 (12,245) 42,870
Restricted funds
Hope of a Child Foundation 10,204 405 10,609
Building Fund 23,384 2,624 26,008
Mission - 1,170 1,170
Donations for others 555 (555) -
34,143 3,644 37,787
TOTAL FUNDS 89,258 (8,601) 80,657
----- End of picture text -----

Page 12

continued...

ACTS OF FAITH MINISTRIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024

14. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Hope of a Child Foundation
Building Fund
Mission
Donations for others
Winds of Change
TOTAL FUNDS
Comparatives for movement in funds
Unrestricted funds
General fund
Restricted funds
Hope of a Child Foundation
Building Fund
Donations for others
TOTAL FUNDS		 Incoming
resources
37,683
795
2,624
1,430
645
170
5,664
43,347
At 1.9.22
80,934
7,535
21,918
745
30,198
111,132		 Resources
Movement
expended
in funds
(49,928)
(12,245)
(390)
405
-
2,624
(260)
1,170
(1,200)
(555)
(170)
-
(2,020)
3,644
(51,948)
(8,601)
Net
movement
At
in funds
31.8.23
(25,819)
55,115
2,669
10,204
1,466
23,384
(190)
555
3,945
34,143
(21,874)
89,258

Page 13

continued...

ACTS OF FAITH MINISTRIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 AUGUST 2024

14. MOVEMENT IN FUNDS - continued

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Hope of a Child Foundation
Building Fund
Donations for others
World Mission		 Incoming
Resources
Movement
resources
expended
in funds
40,723
(66,542)
(25,819)
3,613
(944)
2,669
1,466
-
1,466
860
(1,050)
(190)
2,017
(2,017)
-
7,956
(4,011)
3,945
TOTAL FUNDS 48,679
(70,553)
(21,874)

The Building Fund exists to raise money specifically for the purpose of purchasing a building from which the charity can operate. This would include regular worship and prayer meetings.

Hope of a Child fund was set up to enable child sponsorship to provide support for education, food and clothing to needy children including those orphaned and living with HIV. The support extended to Africa and Eastern Europe.

Donations for others is a fund set up in response to specific appeals to give financial support to individuals in crisis throughout the world.

The World Mission Fund was set up to enable donors the opportunity to contribute towards the costs of specific missions that the charity may carry out.

15. RELATED PARTY DISCLOSURES

During the year to 31 August 2023 the charity organised a mission trip to Australia which included a conference in Melbourne. All those who went on the trip were responsible for their own costs including flights and accommodation except for the Religious Minister, Abel Kungu, who is married to a trustee, Gonai Madziva. The flight cost for him and his immediate family was No other costs were reimbursed to him or his family whilst on the trip which included flights paid by them to Darwin. They were given the use of a house and car for the duration of their stay from an individual.

16. FUNDS RECEIVED AS AGENT

During the year to 31 August 2023 the charity paid as agent to Abel Kungu which had been received as "love offerings" from individuals and institutions abroad.No such monies were received or paid in the year to 31 August 2024.

Page 14