FAITH OASIS ASSEMBLIES OF GOD Report of the Trustees and Flnanclal Statements Forthe year ended 31st March 2025 FArrH OASIS ASSEMBLIES OF GOD Report of the Trustees and Flnancial Statements For the year ended 31st March 2025 Contents Page Legal and adminlstrative information Trustees, annual report 3.4,5 Independent examlner's report Receipts and payments accounts Statement of assets and liabllitSes Notes to the accounts 9,10 FArrH OASIS ASSEMBLIES OF GOD Report of the Trustees and Financlal Statements For the year ended 31st March 2025 Legal and Admlnlstratlve Informatlon Officers and Professional Advlsors Trustees Michael Agyemang-Duah Boachie Anastasia Owusu Afriyie Isaac Dlckson Fred Adu Kumi Reglstered Officè 35 Shepherd Street Hucknall NG15 6XB Indopendant Examlner IMS Accountancy Services Ltd 50 Wigman Road , Nottingham NG8 3HW Charfty Commlsslon R•gist•red Number 1186619 TRUSTEES L REPORT CHARITY NAME: FAITH OASIS ASSEMBLIES OF GOD PERIOD: 1 APRIL 2024- 31 MARCH 2025 CHARITY NUMBER: 1186619 1. OBJECTIVE OF THE CHARITY At Faith Oasis Assemblies of God, we hav8 the overarching objectrve of impactmig th8 INes of both our ffvambers and the communty at large. The objects of the Church l.the Oblecls") are for the benefit of the public.. To advance Ihe Christian faith in accordance with the Statement in such ways and in such parts of the United Kingdom or the world as the Church Council from lime to lime may think fit., To relieve sickness and financial hardshlp and lo promote and preserve good health by the provision of funds, goods or services of any kind including the provision of counselling and support in such parts of the Uni18d Kingdom or the world as the Church Council from tim8 to time think fil., To advance educatvJn in such ways and in such parts of the Untted Kingdom or the workl as the Church Council from time to lime may think fit. 2. SUMMARY OF PERFORMANCE AND ACHIEVEMENTS In ord8r to achi8V8 our oblectNes. some of the main activities and accompllshments taken during the financial per￿d are as follows.. The charlty continues to ho￿ a vari8ty of weekly famity and youth services. The Sunday school for adults and youths has flourished. Weekw Sunday meetlngs Is our maln source of teaching, mentoring and guidance for th8 members. The leaching has proven lo be a valuable tool in the church. We also started a W8dn8sd8y bible studies whlch continues lo grow and is open to both the members and other non-members. There is also 8 we6kty prayer meeting that Is done via Zoom. The 8vang81isttc team aims to reach more members of the public; by encouraging the who18 church to be more proacllve wlth their door to door evangelism on a regular basis. The charity also holds 8 rrKJnthty workers training to help irain and Improve on the services that different departrnents provide during services. The preparalM)n of baptism and counselling has also increased. as the youths and other members seek to have a greater understanding of God and of the Christian faith. The charity serves its members and the communty by performing the expected religious serV￿eS such as. Weddings, baby blessings, funeral et¢. Our s￿181 activiti8s got lone￿ peopl6 out to socialise and cul boredom. In other to support those in need, the ¢hur¢h has supported members and non-members with welfare donat￿nS which helped some people pay for rent, purchase food and other needed materials. The charty offers emotional support for all who are in need through counselling, this is done with an urKlerstsnding heart and we do so to support members in all areas of lrfe. PERFORMANCE AGAINST OBJECTIVES As stated in our obje¢tNes, th8 charity sought to advance the Christian faith and this was done through our different weekly and monthly s8rvices. Aso, the baptism classes and training added to a¢hi8ving this objectwe. In regards to the relieve of hardships, the charty was able to contribute to this through the financial support given to members and even some non-membèrs through our welfare donations. Furthermore, counselling sessions provided allowed people to receive advice and support when needed for their mental health. Lastly, to meet the ob￿CtiVe of advancing educat￿n. th8 Sunday school for both Adulls and Youths were ulillsed. In addition to this, th8 Wednesday bible studies èn8bled the charity lo provKle mor8 education concerning the matters of the Christian faith. 4. SOURCES OF FUNDS The Charity's sources of fund com8 from Tithes, free wlll Offerings, other s8eds or donations, pledges. These fund ralsing a¢lfvltl&s happened service times and these are during Sundays and Wednesdays. Further fundraising ts done during Mtd-year and Annual Thanksgiving Harvest. Memb8rs freety contributed to support the charities activllles. 5. PRINCIPAL RISKS The charity is susceptibte to many risks such as unexpected econom￿ uncertainty, volunteer capacity and attack on our reputation. COVID rules that reSu￿ad in lockdowns and servlc8s shut down, as well as job losses still had heavy impact on donatlons. Our efforts to relteve memb8rs financialty impacted the Charty's finances. In order to manage these, the charity started to seek for grants which aims to provtde additlonal funding, in additK)n to the free will donations that are recewed. Th8 charity also conlinuously ask for volunteers who are willing and skilled to Join the different departments or offices. The charity reviews it actNilies to make sur8 it is in line with the law of the knd and rf there are any necessary changes, these will be made. The trustees have adhered to Ihe provisions of the governlng document and charty commission's gutdanc8 on public benefrt. 6. TRUSTEE INFORMATION The TrusteeslDire¢tors as at the 31. March 2025 were. Michael Agyemang-Duah Boachie.. Charman Anastasia Owusu Afrryie . Trustee Isaac Dickson . Trustee Fred Adu Kumi . Trustee 7. RECRUITMENT AND TRAINING OF TRUSTEES The Sen￿r Minister shall automatically (.ex-Off￿Io,) be a charty trustee for as long as he holds that office. The memb8rs of the Church Council shall comprise Senior Minister and other Ministers of the Church together with such person as the Sentor Minister shall nominate and the Church Council shall from time to time appoint. The process used by the charlly to appoint trustees are highfighted below: Appointees are nominated bas8d on a set of criteria. Those willing to act as Iruslees are chosen from nomine8S. They must bring something to the tsble. for example, a sklll, know18dg8 or experience to enhance the trustee's board. Trustees determine th8 order wi whrch any additional Trustees are to be recrulted or to retire. After a trustee is recruited. they go through three months training to fully understand their duties and responsibilities. Inltial meetings are lak8n and then every monlh, training meetlngs are provided until the end of the three months. Signed on behalfof the charity's trustees.. Slgned Mkhael Agyemang-Duah Boachie.. Chairman Date 1£ . 01 lois Independent Examlner's Report to the Trustees of FAITH OASIS ASSEMBLIES OF GOD For the year ended 31st March 2025 I report to the trustees on my examination ofthe accounts of Faith Oasis Assemblies of God for the year ended 31 March 2025, which are set out on pages 7-10. Responsibilities and basls of report As the trustees ofthe charity you are responsible for the preparation of the accounts in accordance with the requi￿ ments ofthe Charities Act 2011 {'the Act,). I report in respect of my examination ofthe charity's accounts carried out under section 145 of the 2011 Act and in following the Directions given by the Charity Commission under that section. Independent examlner's 8tat•mont I have completsd my examlnation. I confirm that no matters have come to my attention in connection giving me cause to belleve that: 1) accounting records were not kept as required by sedon 130 of the Act; or 2) the accounts do not accord with those records. I have no other matters to report. Kashif Shakeel IMS Accountancy Services Ltd 50 Wigman Road Nottingham NG8 3HW FAITH OASIS ASSEMBLIESOF GOD Recelpts and PaymentsAccount Forthe year ended 31st March 2025 Unrestricted Re5trlrted Funds Funds Total Funds Total Fund5 2024 2025 Recelpts Incomlng Resources Other Income Interest Received 84.198 9,387 70 4,060 88,258 9,387 70 54,028 1,728 288 Total recelpts 93,655 4,060 97,715 56,044 Payments Cost of Sales Admlnlstration Expenses Transfer between fund5 7,080 72,580 7,080 83,151 17,133 48,716 10,571 Total payments 79,660 10,571 90,231 65,849 Net r¢celpts/lpayments) Cash funds at start of this period Transfer between funds Cash funds at end of thls perlod 13,995 7490 16,5111 14,974 16.5111 7,484 7490 JJ805 17295 6511 14,974 7,490 FAITH OASIS ASSEMBLIES OF GOD Statement of Assets and Llabllitles *31 March 2025 Note 2025 2024 Cash assets Bank accounts Cash in hand 14,974 7,490 Total 14,974 7,490 Capltal Assets Equipment 13,000 LlabllStles Credltors 9.100 Total These flnanclal statementsare accepted on behalf of the charlty by: Signed Michael A8yemang-Duah 8oachie'. Chairman Date 26. 0?. ID16 FAITH OASIS ASSEMBLIES OF GOD Notes to the Flnanclal Statements for the Yèar Ended 31 March 2025 1. Accountlng pollclas Basls of preparatlon This financial statement has been prepared under th8 receipts and payments basis. in accordance wrth sectton 133 of the Charities Act 2011 Incomlng Re￿UrCeS Incoming resources relate to tha donaltons that are made to the charity. These donations are to fund the Operat￿nS of the charity. 2. Incomlng Resources 2025 (£) 2025 {£} Un-restrlctad Restrlcted 385 39977 38197 2024 (£) Sal&s Offerings Tith8S Building Funds S88d Rental Income 176 26033 25450 67 2302 4060 5639 Total 84198 4060 54028 3. Other Incomo 20251£) 20241£> Gift Received 9387 1728 4. Dlract Charltable Expendfture 2025 (£) 20251£) Un-restrlcted Restrlcted 2285 20241£) Servlce Charges Cosl of Sa18S Professronal Fee Purchases We￿are Costs Equipment H*e 540 2981 1850 1862 1108 175 5543 8068 Total 7080 17132 5. Adminlstratlon Expenses 2025 (£) 2025 {£) Un-rèstrlcted Restricted 7773 2477 976 33050 20241£) Honorarium Utilitias Small Equipment Rent Other Computer Costs Cell Phone Printing Licenses and Permits Miscellaneous Motor Vehi¢18 Exp8nse Accommodation Legal and Professional Fees Books and Journals Charltable Donations Subscriptions BanklFinance Charges Insurance Trav81 Purchase of Equipment Training Ministry Stipend Repair and Maintenance 9200 3168 520 16335 103 784 446 1114 578 1745 874 1323 852 6980 2539 133 741 1281 750 372 1091 1942 5421 1036 163 430 1333 121 1280 3065 3900 350 7000 10571 Tot81 72580 10571 48716 6. Golng Concem The charty 1$ operating on a going concern basis and will contlnue to operate as such into the foreseeable future. For the year ended 31 March 2025, the total cash funds carried forward were £14974. 7. Related Party Transactlons During the year, remuneration of £7,000 was paid to Pastor Michael, a trust88 ,for services as a Senior Ministsr. This payment is permitted by Clause 6.2 {g){ii) of the charty's governing document. No other trustees received any remuneratbn. 8. Credltors ( Llabllltl88) The creditor balance of £9,100 represents the outstanding balance owed for the mumimedla equlpment purchased during the year. This is payable in instsllmenls over 2 years. 10