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2021-03-31-accounts

Apostolic Faith Mission IM (UK) Derby Assembly

Registered Charity Number: 1171800

Annual Report and Financial Statements

31 March 2021

APOSTOLIC FAITH MISSION (IM) UK DERBY ASSEMBLY

CONTENTS

Page
Administrative details 3
Trustees’ Report 4 - 6
Independent Examiner’s report 7
Statement of Financial Activities 8
Balance Sheet 9
Accounting Policies 10 - 11
Notes to the Financial Statements 12 - 15

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Apostolic Faith Mission International Ministries (Derby Assembly) UK

AFM Derby Trustees hereby present their annual report for the year ending 31 March 2021 under the charity Act 2016, together with the annual accounts for the period and confirm that the later comply with the requirements of the charities Act & the trust Deed (GD2)

Charity Name : Apostolic Faith Mission International Ministries (Derby Assembly) UK

Registered Charity number :1171800

Charity's Principal Address: 53 The Hallow, Littleover, Derby, DE23 6GH Derby

Structure, Governance & Management

Names of the charity trustees who manage the charity:

Roben Gangaidzo Chairperson
Samuel Mikitayo Zhuwankinyu Secretary
Janet Chisikaurayi Committee member
Moses Dhliwayo Resigned 31 March 2021
Godfrey Hwenga Resigned 31 March 2021

Church Main board

Church Main board
Charles Matanda Chairperson (Pastor)
Martin Chabaya Vice Chairperson_(Deacon)_
Samuel Mikitayo Zhuankinyu Secretary
Donald Machiri Administrator
Steady Shumba Committee member_(Deacon)_
Roben Gangaidzo Committee member_(Deacon)_
Brian Manuwa Committee member
Kudakwashe Mupeta Youth Leader

Description of the charity's trustees

Description of the charity's trustees
Governing Document Trust deed, constitution
Constituted BOT & Church Main Board
Trustee Selection Methods Appointment/election

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Apostolic Faith Mission International Ministries (Derby Assembly) UK

Governance

Policies

The charity has managed to put in place the following policies:

The Charity is administered on the today to day basis by the church main board which comprises the chairman (Pastor) vice chair, secretary, administrator and three committee members. The BOT oversees the work of the Main Board mainly focusing on the policy implementation, design and adherence otherwise compliance. The BOT makes sure that the charity is run professionally in accordance with the Laws of the country, following the dictates of the charities (Act 2016).

The Charity exists and has strong links and bonds with other similar charities, with similar aims & objectives under the national umbrella of AFMIM UK. The charity also has a good working relationship with other likeminded charity organisations like the Derby City Mission LTD.

Risks & Challenges

During the reporting period the major challenge facing the charity is Covid19. Since March 2021, we have not managed to gather and do most of the activities we used to do like conferences, family day, retreats, etc.

Due to the diverse nature of charities' activities they are exposed to various risks on a daily basis. The risks faced by individual charities often depend on services offered, activities undertaken, and funding earned, many smaller charities overlook risk management as a resource-drain in the effective running of the organisation.

Since we lightly depend on gifts and donations from embers and the public at large, the economic situation facing many people in the country due to the Covid19 pandemic does not elude us. Most of our members have lost jobs or working opportunities were drastically reduced. When economic conditions are difficult the trend is people are reluctant to give.

Decline in funding and donations

Due to the economic stress caused by the pandemic, meaning that a downturn in the economy can pose a real risk to charities. Our revenue streams have declined quite significantly.

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Apostolic Faith Mission International Ministries (Derby Assembly) UK

Damage to reputation

Reputational damage is one of the most risks Charities can face, and this tarnishes the good work the Charities are doing in the country. Derby Rauch is not immune to this kind of risk, it can be managed by exercising great transparency and accountability. Accusations of foul play by a charity's executive i.e. misuse of charity funds and other resources can damage the social and financial standing of the charity in the community of its members and the public.

If the Charity Commission takes a very skeptical view on payments made from charities this can bring about unnecessary attention or scrutiny. While executives and funding of certain activities are entitled to have their expenses paid, unlawful payments can result in personal liability for the executives or lay workers involved. It's vital that accounts are kept up to date, submitted to the commission on time and records of expenses are transparent.

Damage to equipment

Our equipment faces high levels of depreciation rate and break down due to constant moving as we don't have a place of our own, hence we are actively looking for our own place of worship.

Human and Skills set capacity

The Charity is now manned by experienced and committed lay workers, with one full time employed member of staff.

Accountability and transparency

Like any other charity, issues of accountability and transparency are a challenge, but the charity will be up to the task, whereby we will strongly encourage these high standards to be met and adhered to through a robust reporting and accountability system.

Mitigation

Objectives

Milestones (activities)

Under the review period the charity has managed to successfully conduct the following activities.

1. Wind and Fire Conference (local revival)

The wind and fire conference which is a local event was conducted with high standard organisational ability. A cross sectional number of conference facilitators was invited to deliver preaching and teaching taking note of age groups and abilities ie youths, Sunday school and adults.

2. Regional, National Youth & Women, General Conferences

These conferences were conducted online the charity had to make some donation for their hosting and preparation as shown in the financials. Our charity also actively participated financially in making these conferences happen Most of the funds were donated to the National place of worship cause.

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Apostolic Faith Mission International Ministries (Derby Assembly) UK

PROJECTS

1. Zimbabwe Children Welfare

Due to the dwindling resources partly caused by the pandemic this project has been scaled down quite significantly. We are only concentrating on educational, and welfare needs for two children.

2. Building fund project (local)

We are highly engaged in raising resources to acquire our own place of worship. Once this place has been acquired the church and the community will benefit in that all the church activities and other community activities will be housed there.

3. Food bank

Due to the Convid19 pandemic this project has been suspended.

Investments

No investments have been made so far (we currently actively pursuing some possibilities)

Future Plans

To be done

Funds materially in deficit

Under the period being reviewed all our funds are in health condition ( See attached financial report 2019-2020)

Financial review Details (Sources of funds)

  1. Tithes .............................................................. £ 23,633.00 2. Love offerings................................................... £ 873.00 3. Donations ........................................................ £ 2,059.00 4. Gift Aid.............................................................. £ 6,836.00

(See attached financial report 2020-21)

All objectives and purposes remain exclusively charitable under the laws of the Charities Commission in England and Wales in line with the confession of faith and our constitution. Signed on behalf of charity's trustees:

Chairperson: Roben Gangaidzo

Signature: 17/01/2022

Secretary: Samuel Mikitayo Zhuwankinyu

Signature: 17/01/2022

Administrator: Donald Machiri

Signature: ........................................ 17/01/2022

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Apostolic Faith Mission International Ministries (Derby Assembly) UK

Independent Examiner's Report

The Management and Board of Trustees of Apostolic Faith Mission Derby Ruach Assembly who are registered as a charity, appointed me to independently examine their trustees' report, financial reports and the accompanying notes.

Responsibilities of Management and Board of Trustees

My Responsibility

To carry out procedures such as analytical reviews, comparing the published reports to the financial records kept by the charity and enquiring from those tasked with the governance of the charity any matters that need clarity.

I also considered the disclosures of material facts in the financial reports and the going concern of the charity.

The nature and extent of my examination did not provide appropriate and adequate audit evidence and therefore no audit opinion is provided in this report.

Independent Examiner's statement

ln the course of my examination, no matters came to my attention which give me reasonable cause to believe that in any material respect the requirements:

12/12/2021

Ranganai Kwangware FCCA BA(Hon) Acc On Behalf of

Notion Accountancy Ltd

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Apostolic Faith Mission International Ministries (Derby Assembly) UK

Apostolic Faith Mission IM (UK) Derby Assembly Statement of Financial Statement

For the year ended 31 March 2021

Notes 2021
Unrestricted
£		 2021
Restricted
£		 2021
Total
£
33,431
-
-
33,431
1,030
19,416
1,042
1,164
900
23,552

9,879
-

9,879
36,765

46,644		 2020
Total
£
Incoming resources
Incoming resources from generated funds
voluntary income
2
Activities for generating funds
3
other incoming resources
4
Total incoming resources
Resources expended
Charitable activities
Church running costs
5
Spiritual leadership costs
6
Community building
7
Other costs
8
Governance costs
9
Total resources expended
Net (Outgoing)/Incoming Resources funds Before transfers
Transfers
Gross transfers between funds
Net movement in funds
Reconciliation of Funds:
Total funds brought forward
Total funds carried forward		 33,431
-
-		 - 50,134
10,376
-
33,431 - 60,510
1,030
19,416
1,042
1,164
900		 6,279
23,391
23,007
1,015
900
23,552 - 54,592
9,879
-		 - 5,918
-
9,879 - 5,918
36,765 - 30,847
46,644 - 36,765

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Apostolic Faith Mission International Ministries (Derby Assembly) UK

Apostolic Faith Mission IM (UK) Derby Assembly Balance Sheet as at 31 March 2021

Apostolic Faith Mission IM (UK) Derby Assembly
Balance Sheet as at 31 March 2021
Notes 2021
£		 2020
£
Fixed assets
Tangible assets
10
Fixtures and fittings
Instruments
Motor vehicles
Office Equipment
Current assets
Debtors
11
Cash in hand and at bank
12
Creditors: Amounts falling due within one year
13
Net current assets
Total assets less current liabilities
Net assets
Total charity funds
Unrestricted funds
Restricted funds		 841
538
-
957		 1,243
266
-
1,457
2,336 2,966
5,621
39,303		 25,671
8,638
44,924
616		 34,309
1,139
44,308 33,170
46,644 36,136
46,644 36,136
46,644
-
46,644		 36,136
-
36,136

For the year ended 31 March 2021 the charity was entitled to exemption from audit under Sec 477 of the Companies Act 2006 relating to small companies.

• The members have not required the charity to obtain an audit of its accounts for the year in question in accordance with Sec 476.

• The Trustees acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and preparation of Accounts. These Accounts have been prepared in accordance with the provisions applicable to companies subject to the Small Companies regime.

The financial statements were approved and authorised for distribution by the Board on 17/01/2022

and signed on its behalf by Chairman Roben Gangaidzo Signature

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Apostolic Faith Mission International Ministries (Derby Assembly) UK

Apostolic Faith Mission IM (UK) Derby Assembly

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 March 2021

  1. ACCOUNTING POLICIES

The principal accounting policies, all of which have applied consistently throughout the year, are set out below.

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts have been prepared in accordance with:

• and with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on March 2018

• and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by FRS 102.

Apostolic faith Mission IM(UK) Derby Assembly is still in operation as a going concern

Unrestricted funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity. Restricted funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

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 (as 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.

Expenditure is recognised when a liability is incurred. Funding provided through contractual agreements and performance related grants are recognised as goods or services supplied.

Other grant payments costs of generating funds are those costs incurred in attracting voluntary income, 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 consistent 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.

Donated goods are recognised in different ways dependent on how they are used by the charity;

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Apostolic Faith Mission International Ministries (Derby Assembly) UK

b. Those donated for onward transmission to beneficiaries (chiefly clothing, food and medical supplies) are included in the statement of financial activities as incoming resources and resources expended when they are distributed. They are valued at the amount the charity would have had to pay to acquire them.

The charity has not received any goods for use by the charity itself. The value of services provided by volunteers is not incorporated into these financial statements. Where services are provided to the charity as a donation that would normally be purchased from our suppliers this contribution is included in the financial statements at an estimate based on the value of the contribution to the charity.

1g. Tangible fixed assets and depreciation

Tangible assets are stated at cost and depreciated over their useful economic lives at the following rates:

Fixture and fittings 4 Years Equipment 5Years Computers 3-4 Years

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Apostolic Faith Mission International Ministries (Derby Assembly) UK

Apostolic Faith Mission IM (UK) Derby Assembly

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 March 2021

NOTES TO THE FINANCIAL STATEMENTS
OR THE YEAR ENDED 31 March 2021
2.
Voluntary income
Donations
Love offering
Gift Aid Estimate
Subscriptions
Tithes
Building Fund - National
Couples Activities
Ladies Retreat
3.
Activities for generating funds
Conference fees
Fundraising
4.
Other Income
Other income
5.
Church running costs
Rent church lease
Repairs and Maintenance
Utility costs
Premises rates
Depreciation of instruments
Website
Support cost allocated
6.
Spiritual leadership costs
Pastor Salaries
National Insurance
Pension Cost Employer
Travel costs
Personage Allowance
Honorariums
Support cost		 2021
Unrestricted
£		 2021
Restricted
£		 2021
Total
£
1,529
873
6,866
530
23,633
-
-
-
33,431
-
-
-
-
-
-
-
-
-
1,030
-
-
1,030
11,274
-
151
151
7,140
700
-
19,416		 2020
Total
£
1,529
873
6,866
530
23,633
-
-
-		 - 3,665
7,208
12,050
891
24,617
50
-
1,653
33,431 - 50,134
-
-		 10,276
100
- - 10,376
- -
- - -
-
-
-
-
1,030
-
-		 5,189
-
-
-
1,030
60
-
1,030 - 6,279
11,274
-
151
151
7,140
700
-		 11,274
365
154
-
7,249
3,550
799
19,416 - 23,391
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Apostolic Faith Mission International Ministries (Derby Assembly) UK

Apostolic Faith Mission IM (UK) Derby Assembly

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 March 2021

OTES TO THE FINANCIAL STATEMENTS
OR THE YEAR ENDED 31 March 2021
7.
Community Building
Holy Communion/Baptism
Board meeting expenses
Conference costs - National & Regional
Conference costs - Local
Hospitality
Subscriptions
Regional and National Contributions
Couples Activities
Sunday School
Other costs
Family Day
Training Costs
Insurance
Ladies Retreat
Printing and Stationery
8.
Other costs
Missions
Donations
9.
Governance costs
Independent Examination
Legal and professional fees
Accountancy		 2021
Unrestricted
£		 2020
Unrestricted
£
-
-
200
-
100
144
-
-
-
100
-
-
280
-
218
1,042
-
1,164
1,164
150
-
750
900		 -
174
14,947
1,550
986
200
2,292
160
310
166
-
108
270
1,456
388
23,007
-
1,015
1,015
150
-
750
900

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Apostolic Faith Mission International Ministries (Derby Assembly) UK

Apostolic Faith Mission IM (UK) Derby Assembly

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 March 2021

ES TO THE FINANCIAL STATEMENTS
THE YEAR ENDED 31 March 2021
10.
Tangible assets
Fixtures and fittings
Cost:
at 1 April 2020
Additions
Disposals
at 31 March 2021
Depreciation:
at 1 April 2020
Charge
Disposals
at 31 March 2021
Net book value:
Instruments
Cost:
at 1 April 2020
Additions
Disposals
at 31 March 2021
Depreciation:
at 1 April 2020
Charge
Disposals
at 31 March 2021
Net book value:
Office Equipment
Cost:
at 1 April 2020
Additions
Disposals
at 31 March 2021
Depreciation:
at 1 April 2020
Charge
Disposals
at 31 March 2021
Net book value:		 2021
Unrestricted
£		 2020
Unrestricted
£
2,016
-
-		 1,595
421
-
2,016 2,016
772
403
-		 369
403
-
1,175 772
841 1,244
642
400
-		 642
-
-
1,042 642
376
128
-		 247
129
-
504 376
538 266
1,995
-
-		 160
1,835
-
1,995 1,995
539
499
-		 40
499
-
1,038 539
957 1,456

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Apostolic Faith Mission International Ministries (Derby Assembly) UK

Apostolic Faith Mission IM (UK) Derby Assembly

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 March 2021

NOTES TO THE FINANCIAL STATEMENTS
OR THE YEAR ENDED 31 March 2021
11.
Debtors
Gift Aid
Other debtors
12.
Cash in hand and at bank
Cash at bank - Main Church
Cash at bank - Ladies
Cash at Bank - Other
13.
Creditors:amounts falling due within one year
Trade creditors
Pension
PAYE & NI		 2021
Unrestricted
£		 2020
Unrestricted
£
5,621
-
5,621
35,199
3,158
946
39,303
280
178
158
616		 25,672
-
25,672
6,171
2,467
0
8,638
880
90
169
1,139

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Apostolic Faith Mission International Ministries (Derby Assembly) UK