CHARrrY REGiSTRAmoN NUMBER: 102693S ACTS Ministries Unaudited Financial Statements 31 December 2023 ADRIAN & CO Chartered Certified Accountants 141711419 London Road Norbury London SW16 4AH
ACTS Ministries Financial Statements Yaar endod 31 December 2023 Pago Trustees, annual report Independent examinerfs report to the trustees Statement gf financial activiiies Statement of financial p¢)sition Notes to the financial statements
ACTS Ministries Trustsos. Annual Report Yoar endèd 31 December 2023 The trustees present their reFNt and the unaudrted financial sts1ertts of the chanty tr the year ended 31 December 2023. Refernn¢e and admlnlstratfve detslls Rogkt•rd ¢h•rlty nam• ACTS Mini$tries Charlty r•glstratlon numb•r 1026935 Prlnclpal offic• ACTS House 30 Unh)n Road CroythN) CRO 2XU Th• tru8tee• MrLAHall Ms V Adamson hop Otis Wlks Ind•p•nd•nt •xamln•r Mr G Mario Kurnar FCCA 141711419 London Road Norbury London SW16 4AH structure, goveman¢• and manag¢mont Acts Ministriès ts consb"tuted by Trust Oeed, and its objects are to advancE the Christian Faith in accordance wrth slement of beliefs apFearing in the Schedu ofthe deed. obj1¢• and a¢tfvltl•8 ACTS Christian Church is a Spirit-filled and Spirit led church based in Thomlon Heath, Croydon. We have a mandate grven by Gj lo IM the surrounding areas, making disciples of all mankn'nd. We are radical. vibranL d&Jicated and frtussed. Apart from our wular Sunday SerVS we also have Bible Sbjdies, prayer meetings. youth meetirBJs and other scKial gatherings. also have a number of events for ladies and rrEn.
ACTS Ministries Trustees, Annual Report Yoar ended 31 December 2023 A¢hl•vem•nts and prfonMnc• Doing a great work we ¢anl stop th each new year comes a blend of oPpnrt and chalknges. gr¥e thank5 to Gtsa for the leadership ol Bishop Mark Nicholson, who has been InstrUrrnts1 in guKJiAg our church To grow and fttlfil our m$5sion of spreadiNJ the go51. we have a¢W eThJaged wth our rmMunIty, providing fwj parcels and spiritual support to those in need. Both the lads' antj men's ministries have been pivotal in delr¥ering p¥ograms and events that enhance and transfom lives. The rren'5 mini5ty rttenlty hekl a retreaL fostering an 8nvironment of sharing and leaming among rrEmbers and visrtors. The generous SUPFX)rt from the ffmbers of Acts Christian Church has en8bknl us to meet 811 our obligab.ons and plan for the future. Our online presence has grown. with hybrKI Zoom and in-person eting5 becoming a regulai part of oui acbvths. Our reputation lor serving the community has been fijrther strengthened by h05kn.ng nurrErou5 baby and chikl ded"on$ throughout Ihe year. Acts continues to grow. and we ellY anticipate wekoThHThJ more leadws and visrtors in tho coming year. I would also like lo acknoge the trementhus SUPKJt provhled to the trustees and treasury team5. The trustees are pleased to approve this report as we Ik forwarf to expJring new FM)ssibilib"es for 2024 and fuffilling the mandate of the chLTrrch. Thank you to the rrrnbeTS of the Itustee board. finan team, counters and kadership team for your dedicated fathfijl servti. shoul out lo the pastors. deacons. elders and ministers who work tirelessly to ensure things not onty go righl but that we grow collb¥e. To all the members, visitors and supporters of Acts we aPpreate you. I woukl also like to extend Fer50nal thanks to my wrfe and chihlren for their unwavering suprML Flnanclal rnvl•w A5 our normal practKe we continued with the financial review of all ¢)ur a¢lNtbes during the year. New financral collection methtxls We adopted the charity experienced an increase in incon compared with previous years. The llberS a in constant supky)rt of the charity along with the pastors an¢J aders of the church who should a150 t* rewnised. The chLtrches presiding bishop , Bishop Mark Nicholson. continues to proVe Visionary directhjn for the church. We wll continue to address in person servKes and rrEmber partripatKM for the new year The trustees. annual report vas appwoved 3 Cttober 2024 and signed ¢)n behaff of the board of trusteès by." Lbyd Anlhony Hall Chairperson
ACTS Ministries Independent Examinerfs Raport to thè Trustees of ACTS Ministries Year ènded 31 Decamber 2023 I report to the twstees on my examinatiC of the financkryl5tatellts of ACTS ministh.es I'the charity'l for thè year ended 31 December 2W23. R•sponslbllltS08 and basis of report As the trustees of the charty you are reS[nsIble for the preparab.on of the financial statements in a¢¢Orf8r8 wrth Ihe reqUinnts ofth? Chantss kt 20111lhe ACVI. I report in respect of my examirtation of the charity's financial staterrEnts camed out under 5ects.on 145 of the 2011 Act and in carying OLIt my examinatN)n I have followed all the applicable Direction5 given by the Charty C¢ynmis$K•n under sth 14515Hbl ofthe Act Ind¢pond•nt •xamln•rf• ¥tat•m•nt I have Mpl&t my èxamFnation. I confimi that no material matters have come to my attenbon in conneth.on wth the eXaminaln gwing me cause lo believe that in any matenal $t accounting records were not kept in resFCt of Ihe charity as required by section 130 of the Artor the financial statemerfa tjo not a¢¢ord wth those rK(¥d$." or the financial stements do not compty with the appluble requirements concerning the form and content of a¢¢ounts sel out in the charib.es (Accounts and Reports) RegulatnS 2CKJ8 other than any reqU1ment that the accounts give a 'tr and fair vw whi¢h is not matter considered as part of an independent examination. I have no ncernS and have come xross no other matters in connection with the examinatK)n to whh attenlKJn shouKI be dr•*n in this rewrt in order to enable a proper understandirMJ of Ihe acco ts to be reached. MT G Mario Kumaf CCA Independent Examiner 141711419 Loftd Road Norbury London SW16 4AH
ACTS Ministries Statement of Financial Activities Year ended 31 December 2023 2023 Unresthcled nds Total fund• Total fvnds 2022 Incom• and •ndowm•nts DonalK)ns and legacies Invesbnent ino)n Other income 71,348 142 10,050 1,526 10,050 2,091 Total income ,236 97,620 73,447 Exp•ndltur• Expendrture on charitable aCtsv.e$ Total exp•ndliur• 63,850 63,850 64,499 63,850 63.850 64.499 N•t In¢om• and n•t mov•m•nt In fvnd• 32,386 33.770 8,948 Roconclllatlon of funds Tot81 funds brought forward Total funds carrl•d forward 29.473 29,473 20,525 61.859 61,859 29,472 The ststemenl of financial a¢lNrties includes all gains and k)sses r&thJni5&I in the yw. All income and expendrture derive from continuing activit. Th• noto on pay• 6 to 12 lom wt ofthmo finan¢lal statom•nts.
ACTS Ministries Statement of Financial Position 31 Dècember 2023 2023 2022 Flxed au•ts Tangible fixed assets 13 6,924 7,256 Current asset8 Cash al bank and in hand 57,519 23.417 Cmdttors: amounts falling du• Tlthln on• y•ar N•t curr•nt assets 14 1.200 1,2LTh) 56,319 63,243 22,217 Total a$$•ts l•ss eurrent liabilitie• 29.473 Not ass•ts 63,243 29,473 Fund¥ of tho ¢harlty Unrestricted funds 61.859 29,472 Total charity funds 16 61,859 29,472 These financial statements We approved by the tord of trustees and authoril for issue on 3 October 2024. aryj are signed on behaW of the bJard by." Lloyd Anthony Hall Chairperson Tho noto5 on pagm 6 to 12 frym part of th8ae financ1 stst•m•nts.
ACTS Ministries Notes to the Financial Statements Year ended 31 Decernr 2023 G•nrdl Infornmtlon The charty is a publt benefft enbty and 8 wistered charity in England and Wales and is unincorForated. The address of the principal office is Acls House, 30 Unn Road, Croydon. CRO 2XU. statefflent of complian¢• These financial stèments have teen prepared in Complian with FRS 102, The Financial Rewrtsng Stsndard applicabk in the UK and the Repubtr of Ireland., the Statement of Recommended Practice applicable to charrties preparing their accounts in accordance with the Financial Resxsrbng Standard appIab in the UK and Republ of Ireland IFRS 1021 ICh8rrts SORP IFRS 1021} and the Charrties Acl 2011_ A¢¢ountlng polkl•s Basls of pr•paratOon The financial stalerrEnts haye been prepared on the historKal cost basis, as rrnxlffiod by the revaluation of certain financsal assets and liabilibes and irNestment proFertEs measured at fair value through incorY or expendrture. The financial Stst9ffts aro prepared in stsding, whh is Ihe fijnctnal currency of the entity. Going concern There are no material uncertainlies attMJl the charity's abilty to continue. Fund accountSng Unrestricted ftJnd5 a available ts use * the discre1 of the trustees to fijrther any of the charity's purposes. [jesnated lunds are un$tr1 fvnds eamwrked by the twstees for PaUlar fure pKoje¢t or mmrtment Restricted fijnds are subj.ted to trthns on thgir expgnditure deCLd ty the dOrr or through the temis of an appeal. and fall into (rf of 5ub<l8sses: inco fttnds or endowmènt lun¢Js.
ACTS Ministries Notes to the Financial Statemènts (C1&) Year èndèd 31 December 2023 Aeeountlng pollclfrs f¢onrfnuadl In¢omlng r•$ourus All incoming resouices a included in the ststewl of financial thrties when entitletnt has passed to the charity.. rt is probable that the economic benefits associated with the transacbon 11 flow to the Charty arKI the amount can be lb treasu. The following $pe¢fft P)18$ are applied to parbcular categories of income.. income from donatws ¢y grants rewJntsed when there is e¥K1pth¢e of enb"Yeffwl to the gift receipt B probab and its amount can be Sured relkabty. gacy income is reo)gnised when relpt is wobable and entrdement is eslablished. income from donated goods is Easured at the far value of the goods unsS this is impractical lo measure reliabty. in whh case the value is derive(l from ttie Cost to the donor ( the tIM3 resale value. Donated fau"lrt]es and services are rec(4nised in th& accounts when receNed if the value can be liatrIy rwsured. No ajnts are included for the contribution of general volunteers. income from contracts for the suppty of seNices is recognised wilh the delwery of the contract&Y serv. This is classified 85 Unrestr fvnds unless there is a contractual requireEnt for rt to te spent on a ParJIar purpose and returned rf unspent in which case rt may be regarded as restricted. Resource expend Expenditure is iecogni%ed on an ¢JaIS basis as a liatilty is incurred. ExFenditure includes any VAT which cannot be fulty recovered. and 1$ classrfd under headings of the statement of financial aCtNe$ lo wh¢h it le$. exwnditure on raising fvnds includes the costs of all fijndraising aCINeS. events. n0n-charitsb trading a¢bvib"es. and the sale of doned gocKI$. expenditure on ChaIrtab &bvities includes all ts)sts in¢urre(I by 8 chanty in undertakitvJ 'vities that fvrther ts charitable aims for the tenefit of its benefKiaries, including those support costs and o)sts rdab'ng lo the g)vomance of the charty ap[ed to charitable tivr(ie5. other exFnditure IlUdeS all expenditure thal is neither reLated to raising fijnds for the charity part of rb expendthre on charitable &twths. I costs are allocated to expendrture categories rellects.ng the use of the resource Direct costs attn"butable lo a single activty are alkncaled difectty to that activty. Shared costs are apports"one(1 befv4een the activitks they contribute to on a reasonable, iustifiable and consistent ba51S. Tanglble asws Tangible assets are initialty recorded at cost and subwuenty stated al cost less )y accumulated depreciabiy) and ImpalmnI bsses. Any langible assets carried at revalued anN)unts are recorded at the fair value at the date of revaluats.on less any subsequent ac¢umulat8t1 depreciation and subsequent accumukited impairment losses.
ACTS Ministries Notes to the Financial Statements Year ended 31 December 2023 Accounting poli¢l•• (¢wthiwdJ Tanglble assets Ic¢JnOfvwdJ increase in the carrying arrn)unt of an asset as a resuA of a revaluation, is recognised in other recogni5ed gains and losses. unless r( reverses a chaige for ImpalmnI th has previously been recognised as expenditure wthin the statement of financkal activitses. A decrease in the Carrying anK)unl of an asset as a resutt of revaluab"on. 15 re¢ognised in other recognised gains and h)55es. except to which rt offsèts any prevKJus revaluation gain. in whh case the is shown within other recogntsed gains and k)sses ¢)n the statement of financial aCtIv"e$. Deprecl•tion 0epreciakn.on is ¢alculated so as to vnite off the cost or valuab"¢)n of an 8sseL les$ its resUal value. over the useful econom lrfe of that asset as follows.. FixtuRs and fftb"ng$ Equipnnt 20% reducing balance 20% reducing balance Imp•imwnt of fixed awls A review for indicators of Impalmnt is carried out at each reporb.ng date, wrth the recoverable arTh)unt being e5b"mated where svch IndatS eSt. Whwe the carrying value exceeds the recoverable amounL the asset is impaired accordingly. Piior impairments are also revièwed for Fossible reversal at each repJrbng date. For the purF¥Jses of impairThl lesb"ng. when it is not possible to estimate the rttoverable arrKJunt of an indNidual asse( an estimate is made of the recoverable amount of the cash-genefating unil to whh the asset bekjngs. The cash-generats.ng unit is the smallest Kjenbfiable group of assets that includes the asset and generates cash inllows that krgely Indepènd6nt of the cash inflryws from other assets or groups of assets. For Impalrnt testing of gcrtthill. the g¢xthill acquired in a business combin#b"on 1$, from Ihe acquisib.on dale. al1rted to each of the cash-generating uniis that are expected to benefft from the synefgies of the combinab"on. irrespectNe of whether othef assets or Ik4bilrties of the charity a assKJned to those units. Flnanelal Instruments A financi81 asset or a financial liabilty is r&thJnised onty when the charity borrS a party to the contractual proVisS of the instrunwt Basic financial instruments are inthlty rewnised at the arrnunt receN8ble or payable including any related transaction costs. Current assets and Culnt lia.1leS are subwuenty rwsured * the cash or other eonsKlerab"on expected to be pahj tr re¢eNed and not discounted. Debt instruments are sUbSeqLty measured 8t aft$¢d cost ere invesbnents in shares are publKty Iraded or thwr fair value can otherwise measured reliabty, the investr*nt is subsequenty measured al fair value th changes in fair value recognised in income and expendrture. All other such invesbnents subsequenty uraj * cost less impaim)ent.
ACTS Ministries Notes to the Financial Statsments (¢fitru• Year ended 31 December 2023 Aeeountlng pollelos (c1) Flnan¢lal Instruments (¢ Other financial in5trumen15, including derivative5, are inibalty Tecognised al fair value, unle55 paymènt for an asset is deferred beyon¢J nom)al business tenns or financed al a rale of interest that is not a market rate, in whKh case the asset is measured at the present value of the fvbjre payments discounted at a market rate of interest for a simiL4f debt instrunwl. Other financlal instrUnts e subsequenty measured al fair value, wrfh any changes recognised in the statement of finarla1 xtivths. with the except# of Wging instruments in a desjgnated hedging relab"onship. Financial assets th a measured al cost or am0"Sed cost a revmved for objective evidence of impaim)ènl al Ihe end of each pth"n9 dale. If there 15 objeciNe evidence of impairnnt. an impaitment k>55 15 recognised under the appropriate heading in the slatement of financial activities in which the initial gain was recognised. For all equrty instruments.regardkn of s•JnifKznce, aThJ other financral assels that are indwidually Signifn[ these ace assessed Indlua1ty for impaimwl. Other financsal assets a either assess1 indNidualiv or group&Y on the basis of similar credit risk characteristics. Any reversals of impaim)ent a reccgnised IMmedlety. to the extent that the reversal doe5 not rasult in a carrying amount of the financial asset that exceeds what the carrying arrK)unt woukl have been had the impairrrEnt not prevhjusty teen rnisl. D•fin•d contribution plan8 conth"butn5 to defined ¢onthbubon pn5 are Tecognis&J as an expense in the penod in whKh the reLated service is provided. Prepaid contn'butions are reccgntsed as an asset lo the extent that the prepaynt will to a reduction in fijture paynRnts or a cash refund. When cOntribUtnS are not exFCted to be setded wholty thin 12 months of the end of the reporting date in which the employees rendw the related servKe, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in Ihe perJd in whKh it arises. Donatlon¥ and legacle• Unrestted Total Funds Unrestricted Total Funds Funds 2023 Funds 2022 Donations Trthes, Offerings and donations Income tax recoverab In¢on* from ¢haritsble activiles for special projects 83,034 3.010 83,034 3,010 59,184 2.200 59.184 2,21JO 71.348 71,348
ACTS Ministries Notes to the Financial Statements (coni Year ended 31 December 2023 InvMtm•nt in¢om• Unrestricled Totsl Funds Unrestrthd Total Funds FurbJs 2023 Funds 2022 Bank interest receN8ble 142 1.526 Oth•r Incom Unrestricted T(1 Funds UnrestricteA Total Funds Funds 2023 Funds 2022 Hall hire Irome 10.050 10.050 2.091 2.091 Exponditur• on ¢haritabl• activit1 by fund type UnreSIn Totsl Fund* Unt"CIed Total Funds Funds 2023 Funds 2022 Support Costs 63.850 63,850 64,5 64,499 Exp•ndStur• on charItab actlvltlos by actlvlty ty Support Tolal lunds 2023 Tolal fijnd 2022 Govemance costs 63,850 63,850 64,499 N•t In¢¢)m• Net InMe ts $lale(1 after chargingl1¢w.ng}". 2023 2022 DepleOn oftsngible fixed assets 1.731 1.814 10. Ind•p•nd•nl •xamlnatlon f••s 2023 2022 Fees payabk to the independent examiner for. Independent examinabon of the financial slatements 1,21 1.200 10
ACTS Ministries Notss to the Financial Slatsments (¢tN7thu•O Year ended 31 December 2023 11. Staff ¢osts The total staff costs and employee benefits for the rerng perJd are anatysed as folk7WS.' 2023 2022 Wages and salaries Empkjyer contributions to pensKJn plans 9,796 2,047 9.796 1,819 11,843 11.615 The average head GInI of empbyees during the year wa5 112022.. 11. No emoyee recerved empknyee benefits of mre than £60.Cth duiing the year12022.' Nill. 12. Trust•• rgmunoratlon and •xp•n$ There were no remunerat)n or expenses paKI to the TnteeS during the year. 13. Tanglbl• fix•d a88¢18 Fixbjres and fittj'ngs Equ1pnnt Total At 1 January 2023 Addibons 3.421 37,805 1,399 41,226 1,399 At 31 D•¢•mb•i 2023 3,421 39,204 42,625 Depreciation At 1 January 2023 Charge for the year At 31 tl•¢ember 2023 2,237 237 31.733 1.494 33,970 1,731 2.474 33.227 35.701 CarySng arnount At 31 D•¢ember 2023 947 5.977 6,924 AI 31 Dember 2022 1.184 6.072 7.256 14. Cr•dllorn: amounts falllng du• wlthln on• y•ar 2023 2022 AccruaFs and deferred irKorr 1,200 1.2 15. P•nslon• and oth•r post rntlY•m•rt b•n•ffts Dofin•d Contributlon pla The amunl re¢t>Jntsed in incon* or expenditu as an exFwse in re&lion to defined contribubon plans was £2.04712022'. £1.819). 11
ACTS Ministries Notes to the Financial Statements (C•) Year ended 31 December 2023 16. Anaty$l$ of charltsbh fvnd$ Unrestricted funds At 31 Decembe r 2023 1 January 20 23 Income Expendrture General fvrHIs 29,473 ,236 163,8501 61,859 At 1 JanLbary 20 Al 31 December 2022 ItKoft Expendrtu General funds 20.525 73,447 {64.500} 29.472 12