FArrH OASIS ASSEMBLIES OF GOD Report of the Trustees and Financial statements For the year ended 31st March 2024 Legal and Administrative Information Officers and Professional Advisors Trustees Michael Agyemang-Duah Boachie Anastasia Cxvusu Afriyie Isaac Dick50n Duncan Limula Registered Office 35 Shepherd Street Hucknall NG15 6XB Independent Examiner IMS Accountancy Services Ltd 50 Wigman Road . Noth'ngham NG8 3HW Charty Commission Registered Number 1186619 cs Camscanner TRUSTEES ANNUAL REPORT CHARITY NAME.. FAITH OASIS ASSEMBLIES OF GOD PERIOD.. 1 APRIL 2023- 31 MARCH 2024 CHARITY NUMBER-. 1186619 1. OBJECTIVE OF THE CHARITY At Farth Oasts Assembk2s of God, we have the overarching obFcINe of inpacting the fves of trx)th our members and the communty al ￿rge. The objects of the Church I'the Objects") are for the benefrt of the publt: To advance the ChrBtwn farth In accordance wi(h the stater￿n1 In such ways and n such parts of the Unrted Kingdom or the workj as the Church Councl frwi time to lime may Ihnk frt., To reltve srkness and fnancial hardshp and lo pror￿le and preserve gcod health by the provisKJn of funds, g¢JJJs Of seTvEes ol any kind including the provL8v)n of counselling and support such parts tsf the Unrted lfjngdom C￿ the workj as the Church Council from tme lo lime think f To advance educatK)n in such ways and in such parts of Ihe Unrted lQ"ngdom or the workj as the Church Councl ITOM bme lo tsme may Ihnk frt. 2. SUMMARY OF PERFORMANCE AND ACHIEVEMENTS In order lo achtve our objectrves, sorre of the main actNth"es and accompl6hments tsken during the financ&41 pemd are as follows.. The charty contsnues to hold a VaT￿ty of weekty famity and youth serV￿e$. The Sunday schc()I for aduts and youths has fk)urL%hed. Weekly Sunday meet￿)g5 is our main source of leachry, rr￿ntorlng and gu¥Jance for the nRmkrs. The leaching has proven lo be a Valuab￿ t¢)ol li the church. We aLso stsrted a Wednesday bibÈ slud*s wh£h conbnues lo grow and ts open lo both the members and other non-members. There is aLso a weekly prayer meelw)g Ihal s done via Zoorn. The evangelBtr team aims lo reach more members of the publr., by encouraging the whole Church lo be more proaclNe wrth the￿ d(x)r to door evangelism on a reguLaT basis. The charty aLso hohjs a rr￿lhty workers training lo help tra￿7 and inprove on the servres that drfferenl departments pfovkle dur￿9 Serv￿eS. The preparalK)n of baptism and counsening has also increased, as the youths and other members seek lo have a greater understsnding of Gcxj and ol the Christian larth. The charty serves ts mern￿rs and the communrty by performin9 the expected religKsus serv￿e$ such as, Weddings, baby b￿Ss￿gs, lunefal etc. cs Camscanner Our 5¢K￿l aclNrt*s gol k)nety out lo sccialL8e and cul ￿red¢yn. In other lo support those n need. the church has supw)rted members and non.members wrth weffare donalh)ns wh￿h heted son* pay lor rent, purchase food and olhef needed malerk8ts. The charty offers eml¥)nal supwrt l(Y al who are li need through cOunsel￿g. this i8 done with an understanding heart and we do so to supwrt memkrs in all afeas of lrfe. 3. PERFORMANCE AGAINST OBJECTIVES As stated in our obiectsves, the charty sought lo thance the Chrislon farth and thts was done through our drfferenl weekty arKI n￿lIhty serV￿es. AL80. the baptism cL8sses and training added lo achEving this obpclNe. In regards lo the rel￿ve of hardshps. the charty was ab￿ lo ¢￿tribUte lo this through the financral support gNen lo members and even some non-members through our weffare donalK)ns. Furthermore, counseling sessKY)s provthd alk)wed to receNe and support when needed for their mentsl heahh. Laslty, lo meet the obieclNe of advancing educalK)n. the Sunday school for both Adutts and Youths were utilised. In addrtK)n lo this, Ihe Wednesday bib￿ studEs enabled the charty to provKle more educatK)n concerning the matters of the Christsan fa"rth. 4. SOURCES OF FUNDS The Charty s sources of fund come from Trthes. free wifl Offerings, other seeds or donations, p￿dges. These fund raising aclwrtEs happened servte times and these are during Sundays and Wednesdays. Further fundraising i8 done during Mxj-year and Annual Thanksgiving Harvest. Members freety contributed lo supp)rt the charrt￿5 aCIN￿$. 5. PRINCIPAL RISKS The charty LS Susceptib￿ to many risks such as unexpected economr uncertainty, volunteeT capacty and attack on our repulalK)n. COVID rules that resumed n thkdowns and servres shut down, as well as job bsses still had a heavy impact on donalw)ns. Our efforts lo relEve members financk21￿ impacted the Charty's finances. In order lo manage these, the charty started lo 5￿k for grants wh￿h aims lo provKle addit￿nal funding, in addrt￿n lo the free will donalK)ns that are recewed. The charity also conlinuousty ask for voijnleers who are wiling and skIl￿d lo join the drfferenl departments or offres. The charty revEws rt aclwrt￿s lo make sure rt is ￿ kne wrth the law of the Lgnd and rf there are any necessary changes, these will be made. The Iruslees have adhered lo the provEK>ns of the governing dccun*nt and charty commisshjn's gU￿lance on public benefrt. cs Camscanner 6. TRUSTEE INFORMATION The TrusleeslDirect¢ys as at the 31" March 2024 were.. m￿hael Wemang.Duah Boach*'. Cha¥m8n Anasiaskq Owusu Afrry* '. TTU51ee 15aac Drksm -. Trustee Ouncan Limula .' Trustee 7. RECRUITMENT AND TRAINING OF TRUSTEES The SenDr Mintsler shall aulomaltalty I"ex-offrK) I be a charty trustee for as h)ng as he hokls that off￿e. The memkrs of the Church Cour￿1 shall compr￿¢ SenK)r Minster and other Minislefs of the Church tD3ether wrth such person as the SenKy Minister Shall nominate and the Church Council shau from lime lo trne apwnt. The process used by the charty lo apFoml Iruslees are hKJhlKJhted bebw.. poinlees are nomnaled based on a sel of crrteria. Those wdliig lo act as IrLbslees are chosen from nomnees. They musl bring somelhir¥J lo Ihe lable. for exarn￿, a skill. knovAedge or experience lo enhance the Iruslee's board. Trustees determ￿le the order ￿ wh￿h any additK)nal Trustees are to be recru(fed or lo retire. After a Iruslee LS recrurted. they w through thTee months traIn￿g lo fully understand their dut*s and responsibilthes. Inrtol meetings are taken and then every nK)nth, tran￿g meetings are prOv￿ed until the end of the three months. Signed on behalfofthe charity's trustees= Signed Mrhael A4yemang-Duah Boachie". Chawman cs Camscanner FAITr OASISASSEMBLIESOF GOD Receiptsand payment$3ccount For the year ended 31s1 March 2024 Unrestricted Restricted Funds Fund5 Total Funds Total Funds Not* 2024 2023 Recèipts Incoming Resources Other Income Interest Received Bank interest 54,028 1,728 288 54,028 1,728 288 Total receipts 56.044 56.044 Payments Cost of Sales 17.133 48.716 17,133 48,716 Administration Expense5 Total payments 65,849 65,849 Net receiptsllpaymentsl Cash funds ai start of this period Cash fvndsat end of this peri¢xl 19.8051 17295 7,490 19,8051 17295 17295 17,295 7,490 cs Camscanner FAIIH OASIS ASSEMBLIES (ff G(K) St*Èment of assets ènd liabilite5 at 31 Marih 2024 Note 20Z4 2023 Bank accounls Cash in hand 7490 17295 Total 7.490 17,295 0therrn0netwy￿et5 Prepayments Assetsretained forthe chariW50wn use General equipment Liabilities Creditor5 Totsl These financial statementesareaccepted on behalfof thecharity by.. Signed Michael ￿Vernang-Duah Boachie.. Chairman Date 2 7/06/"' cs Camscanner FAITH OASIS ASSEMBLIES OF GOD Notes to the Financial Statements forthè Year Ended 31 March 2024 1. Accounting policies Basis of preparation This financk31 statement has been prepared under the receipts and payments basi5, ¥1 accordance wrth section 133 of the CharIt￿S Act 2011 Incoming Resources Incoming resources relate lo the donalK)ns Ihal are made to Ihe charty. These donat￿n5 are to ftjnd the operations of the chaTity- For the curfent year ended 31 March 2024, all the funds receNed are unres1T￿led. 2. Incoming Resources 20241£) Sa￿s Offerings Ti(hes Buihling Funds Seed Pledges (Unpa￿> 176 26033 25450 67 2302 Total 54028 3. Other Income 20241£) Grft Axl ReceNed 1728 4. Cost of Sales 20241£) Service Charges Cost of Sales Purchases Weffare Costs 540 2981 $543 Totsl 17133 The cost of saks element was the costs TeL31ed to the charity's inauguratK>n. These costs included the particular honorarium given lo Ihe inv.rted Pastors and Music minEters. cs Camscanner 5. Admini5trdtion Expenses 20241£) Honorarium UlilrtEs Small equipment Rent Other Computer Costs Ce11 Fttone Printing L￿enseS and Permrts Miscellaneous AJJIO Expenses ACCOMM￿alK)n Legal and ProfessK)nal Fees Books and Journals charrtab￿ Donat￿n$ SubscriplK)ns BanklFinance Charges Insurance Travel 92¢)) 3168 520 16335 103 446 1114 578 1745 874 1323 852 2539 133 741 1281 Total 48716 6. Bad debts In the accounts submrtted prevk7usty for the 2023-24 perK)d, a fvJure of £9641 was consKlered as bad debt. This was an error. The charty operales on a receipts and payments basis and as Such no bad debts sh)ukJ be rec(KJn6ed in the accounts. 7. Going Concem The charty Is operating on a going concern basis 3nd will continue io operaie as such into the foreseeable future. For the year ended 31 March 2024. after the bad debt fKJure has been reconcikd, the lolal funds carr*d forwaid show a nel fuThJ of £7.490. 8. Prior Year Closing Fund Discrepancy The Iruslees aCknOw￿dge that the closiig fund balance reported in the 2023 Annual Return and accounts filed wrth the Charity CommtssK)n1£11,8431 does not match the opening fund balance used wi these 2024 accounls1£17.2951. This Var￿nce arLses from drfferences belMeen the charty's internal financial records Imaintsined In FreeAgenll and the prev￿USty filed accounts for the year ended 31 March 2023. The trustees have taken steps lo ensure that the 2024 accounts presented here accuralefy ref*1 the ch3rrty's actual bank and cash pos11K)n al 31 March 2024. The trustees will consmler reStat￿g or cLirfying prTh year fuures in future repOrt￿g periods rf necessary. 10 cs Camscanner Indepèndent Examiner's Report to Ihe Trustees ol FAITH OASIS ASSEMBLIES OF GOD For the year ended 31st March 2024 I report lo the trustees on my examination ofthe accounts of Faith Oasis Assemblies of God for Ihe year ended 31 March 2024. which are setouton pages 7-10. Responsibilities and basis ol report As the trustees of the charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act. l. I report in respect of my examinab'on ofthe charity's accounts carried out under section 145 of the 2011 Act and in following the Direcbons given by the Charity Commission under that secbon. Independent examiner's statement I have compleEd my examinab'on. I confirm thatno matters have come to my attention in connectson giving me cause to believe that ." 1 } accounb'ng records were notkept as required by section 130 oftre ACL or 2} the accounts do not accord wilh those records. I have no other matters lo reporL Kashif Shakeel IMS Accountancy Services Ltd 50 Wigman Road Notbngham NG8 3HW cs Camscanner