APOSTLES. coIYriNIJATION CHUHCH INTERINATIONAL IJK TRIJSTEES IIEPORT AND AccoiJiYrs 9023 Kaxton Advisory 3a Pinn•r Road arrow .)liddlewx 11A1 4L44
APOSTLF3' CONTINUATION CHURCH IKfERNATIONAL UK REPORT OF THE TRUSTEES FOR THE YEAR EIYDED 31ST DECEMBER 2023 The trustees of the charity present their rew)rt with the flnancial statements of the charity for the year ended 3 1st December 2023. The trustee5 have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Clwities, issued in January 2021. REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity Number 1063549 Registered office 35 Pinner Road Harrow Middl&8ex HAI 4ES Trustees Rev. Bi5mark Opoku-saryjong Mrs Rose Anokye Pastor Opoku Kwaku Amoah Mrs Catherine Opoku Sarpong Rev. Osei Opoku Yeboah Pastor Kwasi Owusu Pastor Samuel Francis Collins ChairnwA Trustee TnL8tee TnLStee Independent Examiners Kaxton Advisory Ltd Suite 6 The Generator Business Centre Surrey CR4 3FH Bankers Lloyds TSB 286-288 Station Road Town Centre Harrow Middlesex HAI 2EB
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing documeni the Constitution and constitutes a charity, as d¢fmed by the Charities Act 2011. Membershfip of trustee board: The trustees of the chaTity are also voluntary trustees for the purposes of charity law and under the charity's Constitution are known Ls members of the Tnwees Board. Inductlon and tralnlng of trustees All tnte¢S are familiar with the practical WO of the church and have undatakcn training to support their role. Organlsatlonal structure The Trustee Board meets quarterly and a quarterly branch feedback report is given at each meetAng. The Branch Pastor has the responsibility for the day to day owational management of the church supported by the Assistant Pastor elected by the branch. Rlsk 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 ettor. Internal control risks are minimised by the implementstion of procedures for authorisation of all transactions and projects. Procedures and risk &ssessments are in place to ensure compliance with Health and Safety of volunteers; members. children; and visitors to the church. OBJECTIVES AND ACTIVITIES Thc charity's objccts and its principal aclivity werc: l. To advance the Christian faith in accordance with statement of beliefs appearing in the scheduled hereto in London and in such other parts of the United Kingdom or the world. 2. To rclicvc pcrsons who arc in conditions of ncol or hardship, arc clderly or SICK to train Pastors and to relieve the distress caused thereby in [ndOn and such other parts of the United Kingdom or the world. 3. To promote and fulfil Such other charitsble purposes beneficial to the community in London and in such otber parts of the United Kingdom or the wortd.
ACHIEVEMENf AND PERFORMANCE Charitsble aetlvltles The results for the year and fman¢ial position of the c}lty are as shown in the annexed financial statements. The main areas of charitable activity are tailored to meet the wirnents of the church and throughout the year the church's headquarters based in HaTrow continued to prnvide a quality and caring service for members and the community and their families. The church under its charitable ffsponsibilities of advancing the Christian faith has increased membership over this period at the Harrow branch. Other four branches have ent¢red a tenancy at will agreemenL FINANCIAL REVIEW Reserves poliey The trustees review the reserves of the charity annually and acknowledged that the level of funding at present will put the Church in a position where it would not resort to its reserves to run the charity. When we consider the growth in numbers and donation receipts policy implemented as recommended in the truske board, the trustees are confident that the church should be in a position to sustain itself more effectively. It is the tnistees, policy to generally maintain reserves at a low level and to apply donation receipts to fLmding its activities. The tntstees resolved to transfer Net Assets and reserves comprising cash balance and fixed assets to Lewisham who are no longer part of the group. Prlnclpal funding sources At present the majority of the church's funding continues to come from the tithes and collection of alms and the special appeal of priority needs. Funding for each branch's ministy activities comes from the branch finance. The church fmance committcc was responsible for thc financial planDing during thc ycar. Thc church was ablc to raisc £301,104 as against expeDS¢S of £248,937 within the year resulting in a surplus of £52,167.
sTATEmEr OF TRUSTEES IIESPONSIBILITIES The trustee5 are respowible forpryarlng the fllwicial Statem in aCcorEth applicable law and United KiDgdom Generally Accepted Accounting Practic£ (UK GAAP). Charity law requires the InL8tees to prepar¢ fmencial statem¢Dts for each financial year. Under that law th¢ trustees have elected kn pw the fwancial statem¢llts io aCrdall¢e with the United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Stards aDd applicable IAW). Th¢ financial Stst¢M are requred by Jaw to Si a tn and fair view of the state of affairs of the cIwAtable company ond of the sury)lus or deficit of the cknitsble compally for tbat period In preparing those fJDancial statements, the1ntea4 are r4uired to select suitable accounting poli¢i¢s and then apply them COD8iskntI prepare the financial statements on the going concern basi8 unless it 18 inappropriate to pTrsume that the Chlble company will nIInue in busine88. The Inistees are responsible for keeping proper accounting TecoTds which disc1( with reasonable accurnty at ally the frncial pogition of the clwitable wany and to ¢Dabl¢ th¢m to ensute that the fuwicial statements comply with the ChltieS Act 2011. They are a]so rwibk for safeguardin8 the assets of the clmrity and Iwnce tor taknng re&wnable step8 for th¢ pr¢vention and detection of fraud and other irr¢8ulariti¢s. sTATEMEr AS TO DISCLOSURE OF INFORMATION TO INDEPENDENT EXAMINERS So far ay the trustees are aw, there 18 no relevant Inforntion of wbicb the charity'8 independent examiners are unawar4 and each trustee has taken all the steps that they ought to have taken a8 a trustee in Order to make them aware of any ex8mination infonnation and to establith that the clwity's independent examiner8 are aware of that Anformtho INDEPENDE EK4MtNERS The independent examiners. Kaxton Advisory Lt&. will be Propos for rwpointm¢nt at the ON BEHALF OF ThE BOARD: Rev. Bi8madt Opoku-Sarpon8 29th October 2024
INDEPENDENT EXAMINER'S REPORT TO THE CHURCH COUNCIL OF THE APOSTLES, CONTINUATION CHURCH lfERNATIONAL I report on the accounts of the Church for the year ended 3 1st D¢¢emb¢r 2023 which comprise the Statement of Financial Activities, the Balance Sheet and relatsd notes set out on pages 10 to 13 This report is made solely to the Trustees Board in accordance with Section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity's trnstees those matters l am required to state to them in an Independent Examiner's report and for no other purpose. To th¢ full¢st extent pennitted by law, I do not accept or assume responsibility to anyone other than the Church and the Church's trustees for my examination work. Respeetlve responslbllltles of Trustees And Examlner Th¢ Church's trustees are responsible for the preparatlOD of the accounts. They consider that an audit is not required for this ycaT (under Section 144 of thc Charities Act 2011 (the Charities Act)) and tbal an independent examination is needed. It is my responsibility to: Examine the accounts (under Section 145 of the Charities Act); To follow the procedures laid down in the General Directions given by the Charity Commissioner (under Section 145(5)(b) of the Charities A¢t); and To t>tate whether particular matters have come to my attention. Bas18 of Independent Examlner'8 report My examination was carried out in accordance with the General Directions 8iven by the Charity Commissioner. An examination includes a review of the accounting records k¢pt by the Church and a comparison of thc accounts presented with thosc records. It also includc$ consideration of any unusual items or disclosures in the accounts and seekin8 explanations from you as tnteeS Concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'tnie and fair, vicw and thc report is limited to thosc matters set out in the.statement below.
Independent Examiner's statement In connLction with my examination, no matter has comc to my attcnlion.. l. WhiLh gives me redsonable cause co belicvc thai in any material respect thc requirements J _- to keep accouiiting records in accordance with Section 130 of tlie Charities Act ;and lo prepare aLcount5 which accord wilh the accounting records and comply with the accoui)ling rcquircmcnts of ihe Charilics Act have not been iiiet; or 2. to ivhich, in my opinion, attention should be drawn in order to enable a proper undeistanding of the account5 to be reached. KAXTON ADVISORY LTD SUITE 6 THE GENERATOR BUSINESS CENTRE SURKLY CR4 3rii Kaxton Advisory Slgned:. Ji
APOSTLES CONTINUATION CHURCH INTERNATIONAL UK CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2023 2023 2022 General Restrkted Funds Funds Totsl Total Note INCOMING RESOURCE Voluntsry Income Investment Income 289,104 12,000 289,104 12,000 263,484 11,600 301,104 301.104 275,084 RESOURCE8 EXPENDED Charitable Activiti8sIManagernent and Admlnlstratlon 248,937 248,937 188,956 Total Rosourc•s Expend8d 248.937 188.956 Net Incomlng Ro8ourc88 S2,167 52,167 86,128 Net Mov•m•nt In Funds 52,167 52,167 86.128 Balance Brought Forward 698,513 698.513 612,385 Transfers Balance Carrled Fornard (135,481 615,200 135,481 615.200 698,513
AposfLES CONTINUATION CHURCH IpifERNATIONAL UK CONSOUDATED BALANCE SHEET AS AT31sf DECEMBER 2023 2022 NON CURRENT A88Ef8 162,041 154.801 CURREKf ASSErs Catsh at 8ank and In Hand 455,155 548,706 CURRENT UA81LrnE8 Cfodttor8 Am¢yJntfalNThJ du8 wlthln 1 2,994 NET CURREprr A88Ef8 454139 343,712 NET ASSErs 115300 698,513 FUNDS 812.38S 86.128 ACCUMULATED FUND8 615300 89813 - g?/./4425 And Jknd Its belKglf IMSnlster ncha (TrnaAnr)
NOTES TO THE FINANCIAL STATEMENTS: I. ACCOUNTING POLICIES The financtal statements have been prepar in accordance with applicable accounting standards and the Charities SORP. Bgsls of Accounting: The financial statements have been prepared under the historical cost convention except for the valuation of investment &8sets, which are show at market value. The financial statements include all transactions. assets and liabilities for which the Church Council is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body nor those that are infornial gatherings of church members. Incomlng Resources: All illcoming resources are included in the ststement of financial activities when the charity is entitled to the income and the amounl can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income. Voluntary Income is received by way of collection of alm& tithes, special appeal for fiukds. donations and gifts and is included in full in the statement of fmancial activities when receivable. Grants where entitlement is not conditional on the delivery of specific perfornrdnce by the charity ar¢ recogniz when the charity becomes unconditionally entitled to the granL Donated services and facilities are included at the value to the charity where this Can be quantified. The value of services provided by volunteers not been include Gifts donated for resale are included as incoming resources within the activities for generating funds when they are sold. Income from investment is included in the year in which it is receivable. Resourees Expended: Expenditure is recognized on the acCnl b&8is as a liability is incurred. Expenditure included any VAT which cannot be fully recovered and is rep)rted as part of the expenditure to wbich it relates. Costs of generating funds comprise the Costs associated with attracting voluntary income and costs of trading for fundraising purposes including the clwity's shop. Charitable expenditure comprises of those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Governance costs are those costs incurred in support of expenditure on the objects of the ctwity and include project managemenL
APOSTLES CONTINUATION CHURCH INTERNATIONAL UK NOTES TO THE FINANCIAL STATEMENTS - 31ST DECEMBER, 2023 2. INCOMING RESOURCE8 2023 TOTAL 2022 TOTAL LEEDS HARROW 8AftKINGS SEVEN SISTERS Voluntsry Incomo Ganeral Fund General Offertng Tlihe8 Welf8relDonaUon Thank8glvlng Harvesvconventlon Ml¥8lon Fund Glft Ald Recolved Orphanage Othor 26.746 87,626 3.010 5.577 42,076 4.342 14.707 2.421 19.886 20,240 5.221 401 20,931 1,779 1,481 1.060 6.770 19.130 9,975 5.900 3.185 87,047 84,601 10,772 9,822 48,846 11.IJ02 14,707 2.421 19.886 73.708 90.481 7.017 10,395 43,579 9,729 13,971 7,315 7.292 Totsl 186,391 32.522 32,001 38,190 289.104 263,484 Inve8tmenl Incom• Renl 12,000 12.000 11,600 Total 12,000 12,000 11.600 TOTAL 198,391 32,522 32,001 38,190 301,11M 275,084 10
APOSTLES. CONTINUATION CHURCH INTERNATIONAL UK NOTES TO THE FINANCIAL STATEMENTS - 31ST DECEMBER, 2023 3. RESOURCES EXPENDED: 2023 TOTAL 2022 TOTAL LEEDS HARROW 8ARKINGS SEVEN SISTERS Rent Evangellsm & Mlsslons Charltable Donatlons Pastoral Expenses Tran8POrtation Insurance Welfare Repalr8 & Malntenanca Instrumenta118t Telephone & internet General Expenses utlllty Blll Accountancy Fees pr88bary Expenses Children & Youth Support Bank Charges Depr8cl8tlon 10.300 8,980 33,800 52.880 34.012 8.958 39,742 500 1.828 1.500 23.683 1.541 3.445 15.020 31,S33 1,998 10,487 7,726 29 16,154 46,920 24,917 10,240 42,154 221 2,385 2.563 8.238 3.030 3.398 13.134 10.217 1.996 4.700 2.001 34,012 3,468 9,000 2,000 14,400 14,200 500 2.142 1,828 1,500 15,879 697 2,011 12,723 31,535 499 8,885 7,726 2,400 244 732 97 760 600 702 499 1,210 499 392 15,305 249 12,812 TOTAL 32,127 188,956 11
THE APOSTLES. CONTINUATION CHURCH INTERNATIONAL UK NOTES TO THE FINANCIAL STATEMENTS- 31ST DECEMBER, 2023 NON CURRENT ASSETS SCHEDULE NOTE 4 2023 TOTAL 2022 TOTAL FIXED ASSETS LEEDS HARROW BARKINGS SEVEN SISTERS Church Bulldlng Muslcal Equipments Flxtures and Flttlngs Mlnl Bu5 Addltlons 89,302 46,731 62,105 89,302 65,393 67,368 89,302 67,211 65,341 6,284 8,700 4,511 4,263 14,150 1,000 31,210 31,210 229,348 8,774 15,150 253,273 236,838 DEPRECIATION Balance at Start Charge forthe Year Balance at Cla 55,017 15,305 70,322 7,531 249 7,780 12,530 600 13,130 75,078 16,154 91,232 69,225 12,812 82,037 NET BOOK VAWE As at 1st January As at 31st December 143,121 159.026 1,243 2,620 2,020 158,913 162,041 158,913 154,801
THE APOSTLES, CONTINUATION CHURCH INTERNATIONAL UK NOTES TO THE FINANCIAL STATEMENTS- 31ST DECEMBER. 2023 NOTE 5 2023 2022 CURAEfff UABIUTIE5 Accrued Accountlng fees 1,996 2,994