## APOSTLES’ CONTINUATION CHURCH INTERNATIONAL UK
TRUSTEES REPORT AND ACCOUNTS
2024
## Prepared by: Kaxton Advisory
Apostles Continuation Church Int. UK 35 Pinner Road
Harrow Middlesex HA1 4ES
**APOSTLES’ CONTINUATION CHURCH INTERNATIONAL UK**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2024**
The trustees of the charity present their report with the financial statements of the charity for the year ended 31st December 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in January 2021.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
**Registered Charity Number 1063549**
## **Registered office**
35 Pinner Road Harrow Middlesex HA1 4ES
**Trustees** Rev. Bismark Opoku-Sarpong Chairman Mrs Rose Anokye Treasurer Pastor Opoku Kwaku Amoah Trustee Mrs Catherine Opoku Sarpong Trustee Rev. Osei Opoku Yeboah Trustee Pastor Kwasi Owusu Trustee Pastor Samuel Francis Collins Trustee
**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 HA1 2EB
1
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, the Constitution and constitutes a charity, as defined by the Charities Act 2011.
## **Membership of the trustee board:**
The trustees of the charity are also voluntary trustees for charity law and under the charity's Constitution are known as members of the Trustees Board.
## **Induction and training of trustees**
All trustees are familiar with the practical work of the church and have undertaken training to support their role.
## **Organisational structure**
The Trustee Board meets quarterly, and a quarterly branch feedback report is given at each meeting. The Branch Pastor has the responsibility for the day-to-day operational management of the church, supported by the Assistant Pastor elected by the branch.
## **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.
Internal control risks are minimised by implementing procedures for authorising all transactions and projects. Procedures and risk assessments are in place to ensure compliance with the Health and Safety of volunteers, members, children, and visitors to the church.
## **OBJECTIVES AND ACTIVITIES**
The charity's objects and its principal activity were:
1. To advance the Christian faith in accordance with the statement of beliefs appearing in the schedule hereto in London and in such other parts of the United Kingdom or the world.
2. To relieve persons who are in conditions of need or hardship, are elderly or sick, to train Pastors and to relieve the distress caused thereby in London and such other parts of the United Kingdom or the world.
3. To promote and fulfil such other charitable purposes beneficial to the community in London and in such other parts of the United Kingdom or the world .
2
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
The results for the year and financial position of the charity are as shown in the annexed financial statements.
The main areas of charitable activity are tailored to meet the requirements of the church and throughout the year the church’s headquarters based in Harrow continued to provide a quality and caring service for members and the community and their families. The church under its charitable responsibilities of advancing the Christian faith has increased membership over this period at the Harrow branch. The other three branches have entered a tenancy at will agreement.
## **FINANCIAL REVIEW**
## **Reserves policy**
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 the donation receipts policy implemented as recommended by the trustee board, the trustees are confident that the church should be in a position to sustain itself more effectively. It is the trustees' policy to generally maintain reserves at a low level and to apply donation receipts to funding its activities.
## **Principal 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 ministry activities comes from the branch's finances. The church finance committee was responsible for the financial planning during the year. The church was able to raise **£364,218** as against expenses of **£251,816** within the year, resulting in a surplus of **£112,402** .
3
STATEMENf OF TRUSTEES RLSPONSIBILTrIEs
The trustees are responsible for preparing the financial statements in accordance with applicable law and
United Kingdom Generdlly Accepted Acc4)unting Practice (UK GAAP).
Charity law requires the trustees to prepare fll)ancial statements for each fllthncial year. Under that law
the trustees have elected to prepare the financial statements in accordance with the United Kingdom
Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicablc law).
The financial statements are required by law to give a true and fair view of the state of affairs of the
charitable company and of the sutplus or deficit of the charitable company for that period. In preparing
those financial ststements. the trustees are required to
select suitable accounting policies and then apply them consistently"
)nake judgements and estimates that are reasonable and prudenL
picparc the fllwicial statements on the going concern basis unless it is inappropriat¢ to presume
that the charitsble company wi]1 continu¢ in business.
The trustees aTe responsible for keeping proper accounting records which disclose with reasonable
accuracy at any time the fllwicial position of the cbaritable con]pany and to enable them to ensure that
the financial statements comply with the Charities Act 2011. They are also responsible for safeguatding
the assets of the chatity and hence for taking reasonable steps for the prevention and detection of fraud
and other irregularities.
STATEMENT AS TO DISCLOSURE OF INFORMATION TO INDEPENDENT EXAMINERS
So far as the trustees are aware, there is no relevant infornthtioD of which the clwity's independent
examiners are unaware, and each trustee l]as taken all the steps that they ought to have taken &8 a trustee
in order to make them aware of any examination infornlation and to estsblisb that the charity's
independent earniners are aware of that inforniation.
INDEPENDENT EXAMIN
The independent examiners, Kaxton Advisory Ltd.. will be prO5¢d for re-appointment at the
forthcoming Annual Genernl Meeting.
ON BEHALF OF THE BOARD:
Rev. Bismark Opoku-sarpong
Chairnian
29th October 2025
## **INDEPENDENT EXAMINER'S REPORT TO THE CHURCH COUNCIL OF THE APOSTLES’ CONTINUATION CHURCH INTERNATIONAL**
I report on the accounts of the Church for the year ended 31st December 2024 which comprise the Statement of Financial Activities, the Balance Sheet and related 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 trustees those matters I am required to state to them in an Independent Examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Church and the Church’s trustees for my examination work.
## **Respective responsibilities of Trustees and Examiner**
The Church’s trustees are responsible for the preparation of the accounts. They consider that an audit is not required for this year (under Section 144 of the Charities Act 2011 (the Charities Act)) and that 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 Act); and
- To state whether particular matters have come to my attention.
## **Basis of Independent Examiner's report**
My examination was carried out in accordance with the General Directions given by the Charity Commissioner.
An examination includes a review of the accounting records kept by the Church and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees 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 ‘true and fair’ view and the report is limited to those matters set out in the statement below.
5
Iiidependent E.Yaminer's statement
In coniiection with my examination, no mattcr has come to my attenlion..
l. Which gives mc rcasonable cause to believe that in any material T¢spect Ihe requircmenls
J- to k¢ep accounting records in accordance with Section 130 of the Charities Act -and
lo prepiire accouiiis w hicli (Iccord with the accounting records and comply with the
aCCOLinliiigi r¢quircinci)Is ol. Ihc Charilics Acl
liave i)ol been MLI. ()r
2. to ivliicli, iii my opinion, att¥nlion sliould be drawn in order to enable a proper
undLr%landin&F of Ihe accounts lo be re&iched.
KAXTOIY ADVISORY LTD
SUl'l'E 6
TIIE GENERATOR BUSINESS CENTRE
SURRTr-Y
CR4 3FII
Kaxton Advisory
SlgnL'd:.
## **APOSTLES CONTINUATION CHURCH INTERNATIONAL UK CONSOLIDATED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2024**
**----- Start of picture text -----**
2024 2023
General Restricted
Funds Funds Total Total
£ £ £ £
Note
INCOMING RESOURCE 2
-
Voluntary Income 348,218 348,218 289,104
Investment Income 16,000 - 16,000 12,000
-
364,218 364,218 301,104
RESOURCES EXPENDED 3
Charitable Activities/Management
and Administration 251,816 - 251,816 248,937
-
Total Resources Expended 251,816 251,816 248,937
-
Net Incoming Resources 112,402 112,402 52,167
Net Movement in Funds 112,402 - 112,402 52,167
-
Balance Brought Forward 615,200 615,200 698,513
Transfers - - - (135,481)
Balance Carried Forward 727,602 - 727,602 615,200
**----- End of picture text -----**
**7**
APOSTLES CONTINUATION CHURCH INTERNATIONAL UK
CONSOLIDATED BALANCE SHEEf AS AT 31ST DECEMBER 2024
2024
2023
NON CURRENT ASSETS
Fixed Assets
218,371
162.041
218.371
162,041
CURRENT ASSETS
Cash at Bank and In Hand
511,227
455,155
CURRENT LIABILMES
Creditors Amount fallin9 due within 1 year
1,996
NET CURRENT ASSErs
509.231
453,159
NET ASSErs
727,602
615,200
FUNDS
General Reserves
SurpluslDefi¢it
615.200
112.402
563,032
52.167
ACCUMULATED FUNDS
727,602
615,200
Approved by the board Council on
And signed on its behalf by
Rev Bismark opokll&ryng
(Minister i
Char
{ Treasurer)
## **NOTES TO THE FINANCIAL STATEMENTS:**
## **1. ACCOUNTING POLICIES**
The financial statements have been prepared in accordance with applicable accounting standards and the Charities SORP.
## **Basis of Accounting:**
The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, 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 informal gatherings of church members.
## **Incoming Resources:**
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount 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 alms, tithes, special appeal for funds, donations and gifts and is included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of specific performance by the charity are recognized when the charity becomes unconditionally entitled to the grant.
Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included.
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.
## **Resources Expended:**
Expenditure is recognized on the accrual basis as a liability is incurred. Expenditure included any VAT which cannot be fully recovered and is reported as part of the expenditure to which it relates.
Costs of generating funds comprise the costs associated with attracting voluntary income and costs of trading for fundraising purposes including the charity’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 charity and include project management.
9
## **APOSTLES CONTINUATION CHURCH INTERNATIONAL UK**
## **NOTES TO THE FINANCIAL STATEMENTS - 31ST DECEMBER, 2024**
**----- Start of picture text -----**
2. INCOMING RESOURCES 2024 2023
LEEDS HARROW BARKINGS SEVEN SISTERS TOTAL TOTAL
£ £ £ £ £ £
Voluntary Income
General Fund
General Offering 37,752 21,432 21,076 16,793 97,053 87,047
Tithes 76,997 8,395 2,263 10,980 98,635 84,601
Welfare/Donation 2,340 - 1,595 8,945 12,880 10,772
-
Thanksgiving 4,358 1,210 4,135 9,703 9,822
Harvest/Convention 49,522 - 6,312 - 55,834 48,846
Mission Fund 8,434 7,280 - - 15,714 11,002
Gift Aid Received 30,800 5,747 - - 36,547 14,707
- - -
Orphanage 2,684 2,684 2,421
Other 19,168 - - - 19,168 19,886
Total 232,056 42,854 32,455 40,853 348,218 289,104
Investment Income
Rent 16,000 - - - 16,000 12,000
Total 16,000 - - - 16,000 12,000
TOTAL 248,056 42,854 32,455 40,853 364,218 301,104
**----- End of picture text -----**
**10**
## **APOSTLES' CONTINUATION CHURCH INTERNATIONAL UK**
## **NOTES TO THE FINANCIAL STATEMENTS - 31ST DECEMBER, 2024**
## **3. RESOURCES EXPENDED:**
|Rent
Evangelism & Missions
Charitable Donations
Pastoral Expenses
Transportation
Insurance
Welfare
Repairs & Maintenance
Instrumentalist
Telephone & internet
General Expenses
Utility Bill
Accountancy Fees
Presbytery Expenses
Children & Youth Support
Bank Charges
Depreciation
**TOTAL**|**2024**
**2023**
**LEEDS**
**HARROW**
**BARKINGS**
**SEVEN SISTERS**
**TOTAL**
**TOTAL**
**£**
**£**
**£**
**£**
**£**
-
12,000
9,390
33,600
54,990
52,880
40,079
-
-
-
40,079
34,012
10,504
2,827
1,045
700
15,076
6,958
3,000
17,130
14,400
4,900
39,430
39,742
-
280
-
-
280
500
2,217
2,600
279
-
5,096
1,828
3,000
1,690
-
-
4,690
1,500
11,885
-
677
200
12,762
23,583
218
-
-
-
218
1,541
2,249
669
889
300
4,108
3,445
11,589
-
1,103
1,500
14,192
15,020
18,455
-
-
-
18,455
31,535
499
499
499
499
1,996
1,996
7,880
-
-
-
7,880
10,487
3,939
-
-
-
3,939
7,726
-
-
-
68
68
29
23,510
199
4,848
-
28,557
16,154
**139,024**
**37,894**
**33,131**
**41,767**
**251,816**
**248,937**|
|---|---|
**11**
## **THE APOSTLES' CONTINUATION CHURCH INTERNATIONAL UK NOTES TO THE FINANCIAL STATEMENTS - 31ST DECEMBER, 2024**
## **NON CURRENT ASSETS SCHEDULE**
|**NOTE 4**
**FIXED ASSETS**
Church Building
Musical Equipments
Fixtures and Fittings
Mini Bus
Additions
**DEPRECIATION**
Balance at Start
Charge for the Year
**Balance at Close**
**NET BOOK VALUE**
As at 1st January
As at 31st December|**2024**
**2023**
**LEEDS**
**HARROW**
**BARKINGS**
**SEVEN SISTERS**
**TOTAL**
**TOTAL**
**£**
**£**
**£**
**£**
**£**
**£**
89,302
89,302
89,302
56,815
4,511
14,150
496
75,972
65,393
83,231
4,263
1,000
1
88,495
67,368
-
-
-
-
-
60,886
-
24,000
-
84,886
31,210
**290,234**
**8,774**
**39,150**
**497**
**338,655**
**253,273**
70,322
7,780
13,130
495
91,727
75,078
23,510
199
4,848
-
28,557
16,154
**93,832**
**7,979**
**17,978**
**495**
**120,284**
**91,232**
159,026
994
2,020
2
**158,913**
158,913
**196,402**
**795**
**21,172**
**2**
**218,371**
**162,041**|
|---|---|
**12**
## **THE APOSTLES' CONTINUATION CHURCH INTERNATIONAL UK NOTES TO THE FINANCIAL STATEMENTS - 31ST DECEMBER, 2024**
**----- Start of picture text -----**
NOTE 5
2024 2023
CURRENT LIABILITIES £ £
Accrued Accounting fees 1,996 1,996
1,996 1,996
**----- End of picture text -----**
**13**