BIBLE IIFE FArrH MISSION INTERNATIONAL WHERE ARE YOU GOING MINisfRY
Chaiity No. 1187349
TnistÈes' Rèport and Unaudlted Accounts
30 November 2020

BIBLE LIFE FAITH MIS510N IIITERNATIONAL WHERE ARE YOU 601NG MINISTrY
Contents
Pages
Ito4
Tnjstees, Annual Report
Independent Examiner's Report
Statement of Financial Artivities
Summary Income and Expenditure Account
Balance Sheet
Ststement of Cash flows
Note5 to the Accounts
IOto13
Detailed Statement of Financial Activ¢ties
14to16
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BIBLE UFE FAITH MISSION INTERNATIONAL WHERE ARE YOU GOING MINISTRY
Trustees Annual Report
The Trustees present their report with the unaudited financial statement5 of the charity for the
vear ended 30 November 2020.
REFERENCE AND ADMINISTRATIVE DETAILS
Charity No. 1187349
Prfnclpal Office
41 BROUGHTON STREFr
MANCHESTER
M8 8AN
Reglstsred Offl
418roughton Street
Manchester
M88AN
Trustees
The followingTrustees setved during the year=
B. ATILOLA
T. BABALOLA
E. OYEIAMI
F.J. OYELAMI
Key Mana8ement Personnel
Chair
Bukola Atllola
Trustèe
Temitope Babalola
Trustee
Faith Jesukanyln Oyelaml
Trustee
Emmanuel Oyelami
Accountants
Fredri¢k5 Accountants & Co
Sulte 204
133 Creek Road
Greenwich
London
SE8 36U
Bankers
Barclay Bank PIC
41 Broughton Street
Chitham Hill Road,
Manchester
M8 8AN
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BIBLE LIFE FAITH MISSION INTERNATIONAL WHERE ARE YOU GOING MINISTrY
TrustÈe5 Annual Report
ObSertÉvÈ and Artivitie5
The Charity is constituted under Trust Deed dated 14th Janyary 2020,and Charity number 1187349 on the
ntral registered of the Charity Commission of England and Wales. The principal objective5 of the Charity
a￿ advancement of the Christian faith worldwide and relief of poverty.
Re¢rultment and Appolnknent of New Trustees
Trustees and Member of Committees are appointed by the Church Ministerial Board using the essential skill
and assessment method. Priority 15 given to criteria required to have an effertive and efficient Board and
Committees. To thi5 end.the Board is carefully grafted with the right mix of skills and experiènce to discharge
its dutièg 3nd ensure effective governance and management. The trustees serve a term of two years which is
renewable at the dlscretlon of the Board. The management of the charlty Is the responsibility of the Trustees
who are appointed and ctropted undèr the terms of the Trust Deed.
OrKanlzatlonal Structure and Declslon Makin¥
The church 15 organized so that the trustees meet reeularly to manage its affair5. There are a full-time
Minister and Volunteers, who rnanage the day to day administration of the church.
Rlsk Management
The tlU5tees have assessed the major risks to whtch the Charity is exposed, particularfy those relating to the
operations and finan￿ and are satisfied with the risk managèment systems in place to mitigate any
exposure. Risk is an everyday part of chadt3ble activity 8nd managing it effectively is essential if the trustees
are to achieve their key objecttves and safeguard their charity's funds and assets. Therefore the Charity has
developed appropriate Risk Management Framework which consists of the Risk Management P()licy and the
Risk Management Procedures outline in the operational guidelines.
Achlevements and P•rfomian
The trustees a￿ pleased to rèport that the Church continued to be successful splrltually by ministering to
many people. The Church has improved in mÈmber5hip strength and is increasingly Teaching out to the
community. More focus and greater success were achieved in the area of Evangelism and community
outreach.
Financlal Revlew
The finarlcial statements cover the operatlons of Blble Llfe Faith Mission International. Manchester. For the
year ended 30 November 2020, the Statement of Financial Activitiès shows total incoming resources of
£13,532. This was spent mainly on charitsble activities and total expendlture amounted to £12,210. We
closed the year wTrth net surplus resources of £1,322. This surplus would be carrled forward to the reSe￿e for
use in future accounting periods.
Policy on reserves
The trustees have established a policy whereby the unrestrScted funds not committed or invested in tangible
fixed a55etslthe free reserve) held by the church should be 3 months of annual expendlture. At this level,the
tru5tee5 feel that they would be able to conttnue the current activities of the church in the event of
significant drop in funding.
Plans For Future Periods
The Church will continue to explore variou5 way5 of spreading the gospel of Chrfst effertlvely. Charity is
looking to grow in membership and continue to develop its members to make a life-changing impèrt in
society, plant more branches, open Bookshops, community choir and acquire its property.
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BIBLE LIFE FAITH MISSION INTERNATIONAL WHERE ARE YOU GOING MINISTRY
Trustees Aftnual Report
ststement of Trustees Responslblllty
The trustees are responsible for preparing the Tru5tees' rèport and the financial statements in accordance
with applicable law and United Kingdom Accounttng Standardslunited Kingdom Generalty Atteptedl.The law
applicable to charitie5 in England and wales requires the Trustees to prepare financial statements for each
financial year whlch Eive a true and fair view of the state of affair5 of the charity and of the incoming
resources and application of resources of the charity for that period. In prepatlng these financial statements,
the Trustees are required to:
al select suitsble accountin8 policies and then apply them consistently
bl observe the methods and principles in the Charities SORP,.
cl make judgments and estiffiates that are reasonable and prudent,
dl state whether applicabSe UK Accounting Standarijs have been followèd, subject to any matèrial departures
explained in the financlal statements,.
elprèpare the financial statèments on the going concern basis unless It is inappropriate to presume that the
charity will continue in operation.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accurary at
any time the financlal position of the charity and to enable them to ensure that the financial statements
comply with the Companies Act 2006. The Trustees are also responsible for safeguarding the assets of the
charity and hencè taking reasonable Steps for the prevention and detection of fraud and other irregularities.
The above report has been prepared in accordan￿ with the provisions applicable to companies subjett to
the small companies regime as set out in Part 15 of the Companies Act 2006 and in accordan￿ wlth the
Charities SORP IFRS 1021.
Slgned on behalf of the boaid
B. ATILOLA
Trustee
29 November 2021
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**BIBLE LIFE FAITH MISSION INTERNATIONAL WHERE ARE YOU GOING MINISTRY Independent Examiners Report** 

## **Independent Examiner's Report to the trustees of BIBLE LIFE FAITH MISSION INTERNATIONAL WHERE ARE YOU GOING MINISTRY** 

I report to the charity trustees on my examination of the accounts of BIBLE LIFE FAITH MISSION INTERNATIONAL WHERE ARE YOU GOING MINISTRY for the period ended 30 November 2020 which comprise the Statement of Financial Activities, the Summary Income and Expenditure Account, the Balance Sheet, the Statement of Cash Flows and the related notes. 

## **Responsibilities and basis of report** 

As the trustees of the charity (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 charity 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 can confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that: 

- accounting records were not kept in accordance with section 386 of the 2006 Act; or 

- the accounts do not accord with those records; or 

- the accounts do not comply with the accounting requirements under 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 

- the accounts have not been prepared in accordance with the Charities SORP (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. 

Mr Adesina Otufale FCCA 

Fredricks Accountants & Co Suite 204 133 Creek Road Greenwich London SE8 3BU 29 November 2021 

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BIBLE LIFE FAITh MISSION INfERNAmONAL WHERE ARE YOU GOING MINISTRY
Statement of Flnanclal Actlvltle5
forthe period ended 30 November 2020
Unrestrltted
fund5 Totsl funds
Zozo
2020
Motss
Income and endowments
from:
Donations and le8acres
13,532
13,532
Total
13,532
13,532
Expendlture on:
Other
12,210
12,210
Total
12,210
12,210
Net gains on investments
Net Income
1,322
1,322
Transfers betsyeen funds
Net Income before other
8ainslllossesl
1,322
1,322
Other galns and losse$
Net movement In fvnds
1,322
1,322
Re¢ondllatSon of funds:
Total funds ¢arrled forward
1,322
1.322
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BIBLE LIFE FAITH MISSION INTERNATIONAL WHERE ARE YOU GOING MINISTRY
Summary Income and Expendlture Account
for the perlod ended 30 November
zozo
2020
Income
13,532
13,532
Gross Income lorthe period
13,532
13,532
Expenditure
11.760
11,760
Depreclatlon and charges for
impaim)ent of r￿ed assets
450
450
T(*tal expèndlture for the perfod
Net income before tax for the period
12,210
12,210
1,322
1,322
Nèt Income for the perlod
1,322
1,322
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818LE UFE FAMI MIS5K)N INTERNATIONAL WHERE ARE YOU GOING MINisfRY
Balan￿ Sheet
at 30 November 2020
2020
Axed assets
Tangible assets
2.550
Cash at bank and in hand
181
181
Credltors: Amount falling due wlthin one year
Net Current Ilabllftles
11,4091
11,228)
1.322
1,322
Total assets less current IlablMtle5
Net assets e￿lUdIng pension asset or Ilability
Totsl net assets
1,322
The funds ofthe tharfty
Restrlrted funds
Unrestrttted funds
General funds
1,322
1,322
Reserles
Totsl funds
1,322
These accounts have been prepared in accordance wkh the special prowslons of Part 15 ofthe Companles
Act 2006 relating to small companies.
Forthe period ended 30 November 2020 the company was entmed to exemption under sectlon 477 ofthe
Companies Att 2006 rdating to small compantès.
The members have not required the eompanyto obtsin an audit in accordance wlth sertlon 476 of the
Componies Art2006.
The director5 acknowledge their responsibilitÈe5 for complying with the requI￿rnents of the Compafties Act
2006 with respect to accounting records and the preparation of accounts.
Approved by the l)oard on 29 November 2021
And signed on its behalf by:
FJ.
YELAMI
Trusree
29 November 2021
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BIBLE LIFE FAITh MISSION INTERNATIONAL WHERE ARE YOU GOING MINISTRY
Notes to tht Accounts
for the perlod ended 30 November 2020
l Accountlng policles
￿￿1$ of preparation
The financial statements have been prepared in accordance with Accounting and Reportsn8 by Charities:
Statement of Recommended Practlce applicable to charities preparin8 their accounts in accordancè with
the Flnanclal Reporting Standard applicable ift the UK and Republic of Ireland IFRS 1021 leffective I
January 20151 (Charities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and
Republic of Ireland IFRS 1021 and the Companie5 Act 2￿6.
Change In basls of •¢¢ountin8 or to prevloLFS accounts
There has been no change to the accounting policies Ivaluation rules and method of accountSngl slnce
last year and no ¢han8es have been made to accounts for previous yèars.
Fund accounting
Unrestritted funds
These are available for use at the discretion of the trusteès in furtherance of the
general objects of the charity.
These are unrestricted funds earmarked by the trustees fi>r particular purposes.
These ère unrestricted funds which include a revaluation reserve representing the
reststement of investment assets at their market values.
These are available for use subject to restrlctlons imposed by the donor or through
terms of an appeal.
De￿gnated funds
Revaluation funds
Restrlcted funds
Income
Recognitlon of
income
Income is included in the Statement of Fin3nci31 Activities ISOFAI when the charity
becomès entitled to, and virtually certain to re￿¢Ve. the Income and the amount of
the income can be meaSU￿d wlth sufficient reliability.
Income with related Where income has related expend¢ture the income and related expendtture is
expenditrjre
reported gross in the SOFA.
Donations and
leEa¢ies
Voluntary Income received by way of grant5. donations and gifts is included in the
the SOFA when receivèble and only when the Charity has untonditional
entitlement to the income.
Tax reclaims on
Income from tax reclaim5 15 included in the SOFA at the same time as the
donations and gifts gift/donation to which it relates.
Donated services
These are only included in income Iwlth an equivalent amount in expenditurèl
and facilities
where the beneftt to the Charity is ￿aSonablY quantifiable, measurable and
material.
Volunteer help
The value of any volunteer help received is not Included in the accounts.
Investment income This is included in the accounts when receivable.
Gainslllossesl on
Thts includes any gain or loss resulting from revaluing investments to market value
revaluation of fixed at the end of the year.
assets
Gainslllossesl on
investment assets
This includes any gain or loss on the sale of investments.
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BIBLE LIFE FAtrH MISSION INTERNATIONAL WHERE ARE YOU GOING MINISTrY
Notes to the Att¢unts
Expendlture
Recognition of
expenditure
Expendlturè is recognised on an accruals basis. Expenditure includes any VAT which
cannot be fully recovered, and Is reported as part of the expenditure to which it
relates.
Expendlture on
These comprlse the costs associated with attracting voluntary income, fundraising
raising funds
trading costs and investment management cost5.
Expenditure on
These comprise the costs incurred by the Charity in the delivery of its artivities and
charitable activities seNices in the furtherance of its objects, including the making of grants and
Bovernance costs.
All Brant expenditure 15 accounted for on an actual paid basis plus an accrual for
grants that have been approved by the trustees at the end of the year but not yet
paid.
These include those costs assoclated wlth meètlng thè constitutlonal and statutory
requirements of the Charity, includlng any auditlindependent examination fees,
costs Ilnked to the strateglc management of the Charity, tO8ether with a Sha￿ of
other administration cost5.
Other expendItU￿ These are support costs not allocated to a particular activity.
Grants payable
Governance costs
Taxatio
The charity is exempt from corporation tax on its charitable activities.
Tangib￿ fixed assets and depreclatlon
Depreciation Is provided at the following annual rates in order to write off each asset over its estimated
useful life:
Plant and m3¢hinery
15%% Reduclng balance
Freehold investment woperty
Investment properties are measured initially at Cost and subsequently at fair value at each balance sheet
datè and are not depreciatèd. All gaSns or losses are taken to the Statement of Finar*cial Activities as they
arlse.
Stocks
Stock is included at the lower of Cost or net fealisable value. Donated items of stock are recognised at fair
value which is the amount the charity would have been willing to pay for the items on the open market.
Trade and other debtor5
Trade and other debtors are recognised at the settlement amount due after any trade discount Dffered.
Prepayments are valued at the amount prepald net of any trade discounts due.
Cash and cash equivalents
Cash and cash equ¢valents comprlse cash at bank and on hand, demand deposits with banks and other
short-term highly liquid investment5 Wlth original maturities of three months or less and bank overdrafts.
In the staternent of financial posltlon, bank overdrafts are shown within borrowings or current liabilities.
In the Ststement of Cash Flows, cash and cash equivalents are shown net of bank overdraft5 that are
repayable on demand and form an inte6ral part olthè comp3n¢s cash management.
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BIBLE IIFE FAITH MISSION INTERNATIONALWHERE ARE YOU GOING MINISTRY
Notes to the Accounts
Trade and other credltors
Short term creditors are measured at the transaction price. Other creditors and provisions are recognised
where the charity has a present obligation resulting from a past event that will probably resutt in the
transfer of funds to a third party and the amount due to Settle the obli8atlgn can be measured or
estimated reliably. Creditors and provisions are normally recognised at their settlement amount after
allowirbg for any trade dsscounts due.
Researth and development
Expenditure on research and development is written off in the year in which ft Is Incurred.
ForelBn ¢urrencles
Monetary assets and Ilabilitie5 denominated in currencies otherthan the functional currency of the
charity are translated at the rates of exchange prevailing at the end of the reportlng period.
Transactions in currenties other than the functional currency of the ¢har(ty are recorded at the rate of
exchange on the date that the transaction occurred.
All exchange differences are are taken into account in arriving at net income/expenditure.
Leased assets
Whère the charity enters into a lease whith entails taking substantially all the risks and rewards of
ownership of an asset. the lease is treated as a finance lease.
Leases which do not transfer substsntially all the risks and rewards of ownershlp to charity are Classrfied
35 operating leases.
Asset5 held under finance leases are initially recognlsed as assets of the charity at theirfair value at the
inception of the lease or, If lower, at the present value of the minimum lease payments. The
corresponding liabillty to the lessor is Included in the balance sheet date as a finance lease obligation.
Lease payments are apportioned between finante expenses and reduction of the lease obligation so as to
achieve a constant rate of interest on the remaining balance of the liability- Finance expenses are
recogni5ed Immediately, unle55 they are dirertly attributsble to qualifying assets, in which case they are
capltalised in accordance wlth the charity's policy on borrowing costs.
Asset5 held under finance leases are depreciated in the same way as owned assets.
Operatlng lease payments are recognised as an expense on a straight-line basls over the lease tem).
In the èvent that lease incerativès are received to enter into operating leases, such incentives are
recognised a5 a liability. The aggregate benefit of incentives is recognised as a reduction of rental
expense on a 5tr3ight-line basis.
Penslon costs
The charity operates a deflned contribution plan for its employees. A defined contribution plan is a
pension plan under which the company pays fixed contributlons Into a separate entity- Once the
ontributlons have been paid the company has no further payments obllgatlons. The contributions are
recognised as eKpen5es when they fall due. Amounts not paid are shown in accruals in the balance sheet.
The asset5 of the plan are held separately from the company in indepenjjently administered funds.
Receipt of donated 8oods, facllities and servlces
All donated goods, facilities and servlces received are recognlsed within incomin8 fèsoLsrces and
expenditure at an estimate of the value to the ch3rity.
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BIBLE LIFE FAITH MISSION INTERNATIONAL WHERE ARE YOU GOING MINISTRY
Notes to the Accounts
2 Company status
The company is a private company limited by guarantee and consequently does not have share capltal.
3 Income from donatlons and legacSes
Unre5triLted
Totsl
2020
rithe&Offering
13,532
13,532
13,532
13,532
4 Othèr expenditure
Unrestrlrted
Total
2020
Ernployee cost5
Premises costs
400
9,450
9,450
Amortisation, depreciation.
impairment. profitlloss on
disposal of fixed assets
General administrative costs
Legal and professional costs
450
450
1,310
6CKI
1,310
600
12.210
12,210
5 Net income before translers
2020
Thls is stated aftèr charging..
Deprec13tlon of owned fixed assets
6 Staff costs
No employee received emoluments In eX￿s5 of £60,000.
450
7 Tangible fixed assets
Plant and
machinery
Totsl
Cost or revaluatlon
Additions
3,OCK)
3,OCM)
3,000
3,000
At 30 November 2020
Depreclatlon and
Impalmient
Depreciation charge for the
year
At 30 November 2020
450
450
450
450
Net book values
At 30 November 2020
2.550
2,550
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BIBLE LIFE FAITH MISSION INfERNATIONAL WHERE ARE YOU GOING MINISTRY
Notes to the Ac¢ounts
8 Credltors:
amounts fallin8 due within one year
2020
Trade creditors
Other eredltors
929
1,409
9 Movement In furlds
In¢omlng
resources
Atao
November
2020
lindudlng
other
galnsllosses
Resources
expended
Restricted funds:
Unréstrlcted funds:
General funds
13,532
112,2101
1.322
Revaluatlon Resen￿5..
Total funds
10 Analysis of net asset5 bètween funds
13,532
112,2101
1.322
Unrestrlcted
funds
Totsl
Fixed assets
2,550
11,2281
1,322
2,550
11,2281
1,322
Net current assets
11 Recon¢iliatlon of net debt
At30
November
2020
Cash flows
Cash and cash equivalent5
181
181
181
181
Net debt
181
181
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BIBLE UFE FAITH MISSION INTERNATIONAL WHERE ARE YOV GOING MINISTRY
Detalled Statement of Flnandal Artmtles
lor the perfod ended 30 November 2020
Unrestrkted
funds Total funds
2020
Income and endowmerts from:
Donation5 and legacies
Tlthe&Offering
13,532
13,532
13,532
13,532
Total Income and endowments
13,532
13,532
Expendlture 0￿.
Employee cost5
Staff welfare
400
400
400
400
Premises costs
Rènt
Light heat and power
Lèasehold
6,500
250
6,500
250
2,700
9,450
2,700
9,450
General administrative costs,
including depreciation and
amortisation
Depreciation of Plant and
machlnery
MiscellaneouslGifts
Instrumentalist fee
Statlonery and prlntlng
Telephone. fax and broadband
450
450
750
50
750
50
150
150
360
1,760
360
1,760
Legal and professional costs
Accountancy and trM)okkeepinB
600
600
600
600
Total of em￿ndItUre of other cost5
Total exPe￿IltUre
Net galns on Investments
12.210
12,210
12,210
12,210
Net income
1,322
1,322
Net In¢ome before other
8ainslllosses1
Other Gains
1,322
1,322
Nèt movement In funds
1,322
1,322
Rewnclllation of funds:
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BIBLE LIFE FAITH MISSION INTERNATIONAL WHERE ARE YOU GOING MINISTRY
Detalled Ststement of FinancSal Actlvities
Tota5 funds brought foNJard
Total tunds carried forward
1,322
1,322
Page 15