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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

ACTS OF FAITH MINISTRIES LIMITED

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










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

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

- Holding regular worship services to promote public benefit of the Christian faith in the community
- Holding women's and men's meetings including guidance on issues such as raising families and marriage
- Holding young people's meetings and activities
- Charity work- locally and internationally
- Other mission work

Significant activities
The activities of the charity are as follows:

- Sunday services
- Leader's weekly prayer meetings
- Tuesday Bible meeting
- Ministering to people in their home
- Charity work
- School of prophets
- Youth meetings
- Wailing women meetings

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.


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
- Souls were saved.
- Marriages were restored.
- Young people were transformed.


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 £80,657 (2023: £89,258 ) of which £42,870 (2023: £55,115) were unrestricted.

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.


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

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 August 2025

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 31.8.23
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
INCOME AND ENDOWMENTS FROM
Donations and legacies 2 36,670 - 36,670 45,119

Charitable activities 4
Advancement of Christian Religion 1,013 5,622 6,635 3,402

Investment income 3 - 42 42 158
Total 37,683 5,664 43,347 48,679

EXPENDITURE ON
Charitable activities 5
Advancement of Christian Religion 49,928 2,020 51,948 70,553

NET INCOME/(EXPENDITURE) (12,245 ) 3,644 (8,601 ) (21,874 )


RECONCILIATION OF FUNDS
Total funds brought forward 55,115 34,143 89,258 111,132

TOTAL FUNDS CARRIED FORWARD 42,870 37,787 80,657 89,258

ACTS OF FAITH MINISTRIES LIMITED (REGISTERED NUMBER: 05724253)

BALANCE SHEET
31 AUGUST 2024

31.8.24 31.8.23
Unrestricted Restricted Total Total
fund funds funds funds
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 11 6,584 - 6,584 10,582

CURRENT ASSETS
Debtors 12 2,690 - 2,690 1,920
Cash at bank 40,991 37,788 78,779 87,716
43,681 37,788 81,469 89,636

CREDITORS
Amounts falling due within one year 13 (7,395 ) (1 ) (7,396 ) (10,960 )

NET CURRENT ASSETS 36,286 37,787 74,073 78,676

TOTAL ASSETS LESS CURRENT LIABILITIES 42,870 37,787 80,657 89,258

NET ASSETS 42,870 37,787 80,657 89,258
FUNDS 14
Unrestricted funds 42,870 55,115
Restricted funds 37,787 34,143
TOTAL FUNDS 80,657 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
(a)ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.


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

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 statements are prepared in sterling which is the functional currency of the charity and rounded to the nearest £.

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 of £500. Gross cost is measured at initial cost.

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.

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
31.8.24 31.8.23
£    £   
Donations 36,670 45,119

3. INVESTMENT INCOME
31.8.24 31.8.23
£    £   
Bank interest received 42 158

4. INCOME FROM CHARITABLE ACTIVITIES
31.8.24 31.8.23
Activity £    £   
Bible school Advancement of Christian Religion 1,013 525
Donations restricted Advancement of Christian Religion 5,622 2,877
6,635 3,402

5. CHARITABLE ACTIVITIES COSTS
Support
Direct costs (see
Costs note 6) Totals
£    £    £   
Advancement of Christian Religion 50,288 1,660 51,948


ACTS OF FAITH MINISTRIES LIMITED

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


6. SUPPORT COSTS
Governance
costs
£   
Advancement of Christian Religion 1,660

7. NET INCOME/(EXPENDITURE)

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

31.8.24 31.8.23
£    £   
Independent Examiners' Remuneration 720 720
Independent Examiner - other services 940 840
Depreciation - owned assets 3,998 3,998

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
31.8.24 31.8.23
£    £   
Wages and salaries 19,500 23,710
19,500 23,710

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:

31.8.24 31.8.23
Religious Minister 1 1

No employees received emoluments in excess of £60,000.


ACTS OF FAITH MINISTRIES LIMITED

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


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


ACTS OF FAITH MINISTRIES LIMITED

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


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

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:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 37,683 (49,928 ) (12,245 )

Restricted funds
Hope of a Child Foundation 795 (390 ) 405
Building Fund 2,624 - 2,624
Mission 1,430 (260 ) 1,170
Donations for others 645 (1,200 ) (555 )
Winds of Change 170 (170 ) -
5,664 (2,020 ) 3,644
TOTAL FUNDS 43,347 (51,948 ) (8,601 )


Comparatives for movement in funds

Net
movement At
At 1.9.22 in funds 31.8.23
£    £    £   
Unrestricted funds
General fund 80,934 (25,819 ) 55,115

Restricted funds
Hope of a Child Foundation 7,535 2,669 10,204
Building Fund 21,918 1,466 23,384
Donations for others 745 (190 ) 555
30,198 3,945 34,143
TOTAL FUNDS 111,132 (21,874 ) 89,258

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:

Incoming Resources Movement
resources expended in funds
£    £    £   
Unrestricted funds
General fund 40,723 (66,542 ) (25,819 )

Restricted funds
Hope of a Child Foundation 3,613 (944 ) 2,669
Building Fund 1,466 - 1,466
Donations for others 860 (1,050 ) (190 )
World Mission 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

Three trustees gave a total of £2,685 (2023: £2,745 ) in donations.

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 £8,380. 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 £500 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.