THE APOSTOLIC CHURCH – GHANA
CHARITY REGISTRATION NUMBER: 1086075 REPORT
YEAR ENDED: 30[TH] SEPTEMBER 2022
The Apostolic Church - Ghana Accounts for the year ended 30th September 2022
Page Legal & Administrative details 1 Reports of the Trustees 2 Report of the Management Committee 3 Independent Examiner’s Report 4 Statement of Financial Activities 5 Balance Sheet 6
Notes to the Financial Statement
7
The Apostolic Church – Ghana
Legal & Administrative details
For the year ended 30th September 2022
Status The Organisation was registered as a Charity on 06 April 2001
Governing document, The Apostolic Church – Ghana is governed by the Companies
Act 1985 and Charities Act 1993
Charity number 1086075
Company reg. number 04077232
Website address http://www.theapostolic.co.uk
Registered Office The Apostolic Church - Ghana
Operational address UK Branch
Flat 35 Homerton Road London E9 5PN Bankers HSBC Plc 448-454 High Road Tottenham London N17 9JN Accounta Jacob Manu & Co nts Chartered Certified Accountants London E2 0QN
Page 1
The Apostolic Church - Ghana
Report of the Trustees
Accounts for the year ended 30th September 2022
The Trustees present their report together with the accounts of The Apostolic Church Ghana for the year ended 30th September 2022
Objects and Principal activities
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To advance the Christian faith
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To relieve persons who are suffering from poverty, sickness and distress or who are otherwise in need
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To promote and fulfil such other charitable purposes beneficial to the community in any part of the world as the trustees may think fit from time to time.
Membership
The Organisation may admit as members any person who are interested in the objects of the organisation and who may be specially qualified to further its objects or who may have special knowledge, which can assist the organisation.
Trustees and Members of the Management Committee
Members of the Management Committee, who are also trustees under Charity law, who served during the year and up to the date of the report were as follows:
Salomey Lamptey, Mr Caesar Duakib Nurokina, Nana Osei Antwi, Isaac Kwame Asamoah, Joyce Offei Pabi
Page 2
The Apostolic Church - Ghana Report of the Management Committee Accounts for the year ended 30th September 2022
Responsibilities of the Management Committee The Charities Act 1993 requires the Management Committee to prepare financial statements for each financial year which gives a true and fair view of the state of the affairs of the charitable activities as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the year then ended.
In preparing those financial statements which give a true and fair view, the committee should follow best practice and:
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Select suitable accounting policies and then apply them consistently
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Make judgements and estimates that are reasonable and prudent
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State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements
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Prepare the financial statements on the going concern basis unless it is inappropriate to assume that the activities continue on that basis
The Management Committee is responsible for keeping accounting records, which disclose with reasonable accuracy at any time the financial position of the association. The Management Committee is also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Reserve Policy
The Charity Committee requires charities to determine and explain their policy for free reserves. The trustees have reviewed its free reserves policy and have turned its entire unrestricted funds into an emergency reserve to enable The Apostolic Church – Ghana to meet its obligations in the event of a shortfall in income or sudden upturn in expenditure.
Risk Management
The trustees have examined the major risk which The Apostolic Church-Ghana faces and maintaining our free reserves at a reasonable level, combined with our annual review of controls over financial systems will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks, which we face and confirm that they have established systems to mitigate the significant risks.
Approved by the trustees’ committee on 31 March 2023 and signed on its behalf by Joyce Offei Pabi Trustee Dated 31 March 2023
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THE APOSTOLIC CHURCH – GHANA
INDEPENDENT EXAMINERS REPORT FOR THE YEAR ENDED 30TH SEPTEMBER 2022
Independent Examiner’s Report on the accounts Report to the members for the year ended 30th September 2022
Respective responsibilities of the trustees and the examiner
The trustees are responsible for the preparation of the accounts, and they consider that an audit is not required for this year (under section 43(2) of the Charities Act 1993 (The Act) and that an independent examination is needed. It is our responsibility to: Examine the accounts (under section 43(3)(a) of the Act);
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Follow the procedures laid down in the General Directives given by the Charity Commissioners (under section 43(7)(b) of the Act); and
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State whether particular matters have come to our attention.
Basis of Independent Examiner’s Statement
Our examination was carried out in accordance with General Directives given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity 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 the Trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently we do not express an audit opinion on the accounts.
Independent Examiner’s Statement
In connection with our examination, no matter has come to our attention:
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which gives us the reasonable cause to believe that in any material respect the requirement:
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to keep accounting records in accordance with section 41 of the 1993 Act; and
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to prepare accounts which accord with the accounting records and comply with the accounts have not been met; or
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to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Signed: Jacob Laari
Dated: 31 March 2023
Jacob Manu & co Chartered Certified Accountants 125 roman road London E2 0QN
page 4
THE APOSTOLIC CHURCH- GHANA
Statement of financial activities (incorporating an income and expenditure account) For the year ended 30th September 2022
----- Start of picture text -----
Total Total
Unrestricte Restrict 2022 2021
Incoming Resources d ed
£ £ £ £
objectives:
7700
Collections 77006 6 20640
Other income -
Total Inflow of resources 77006 7700 20640
6
Outgoing Resources
Charitable Expenditure:
Support costs of activities in
furtherance
of Charity's objects 38144 3431
Management and administration 1200 500
Total resources expended 39344 3931
Net incoming/(Outgoing)
resources
before transfers 37662 - 16709
Transfers between funds
Net movement in funds 37662 1670
9
Addition of Voluntary asset 0 - 0 0
5064
-
Funds at 1 Oct 2021 50929 9
Funds at 30th Sept 2022 105300 6763
8
----- End of picture text -----
All of the above results are derived from continuing activities. There were no other recognised gains or losses other than those stated above.
Page 5
| THE APOSTOLIC CHURCH- GHANA | |||
|---|---|---|---|
| BALANCE SHEET AS AT 30TH SEPTEMBER, | |||
| 2022 | |||
| 2022 | 2021 | ||
| £ | £ | ||
| Tangible Fixed Assets | 2731 | ||
| 834 | |||
| 5 | |||
| Current Assets | |||
| Debtors | 164 | ||
| Cash at Bank – Current | 9795 | 6574 | |
| 5 | 3 | ||
| Cash at Bank –Deposit | 0 | 0 | |
| 9795 | 6590 | ||
| 5 | 7 | ||
| Creditors: amounts falling due within one | (10 | (100 | |
| year | 00) | 0 ) | |
| Net Current Assets | 9695 | 6490 | |
| 5 | 7 | ||
| Net Assets | 1053 | 6763 | |
| 00 | 8 | ||
| Funds | |||
| Restricted funds | 0 | 0 | |
| Unrestricted funds | 0 | 0 | |
| Designated funds | 0 | 0 | |
| General funds | 1053 | 676 | |
| 00 | 38 | ||
| 105 | 676 | ||
| 300 | 38 |
The statements on page 6(a) form part of these accounts
Approved by the Management Committee on 31 M and signed on its behalf by
Ms Joyce Offei Pabi Trustee
Page 6
THE APOSTOLIC CHURCH – GHANA Company Limited by Guarantee No: 04077232
TRUSTEES STATEMENTS ON THE ACCOUNTS
The Trustees’ statements required by Sections 475(2) and (3) of the Companies Act 2008 for the year ended 30 September 2022
For the year stated above the company was entitled to the exemption conferred by Section 477 of the Companies Act 2008 relating to small companies.
The Trustees’ responsibilities:
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The members have not required the company to obtain an audit of its accounts for the year in question in accordance with Section 476 of the Companies Act.
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The financial statements have been prepared in accordance with the provisions applicable to companies’ subject to the small companies’ regime.
The financial statements were approved by the board of Trustees on 31 March 2023 and signed on its behalf by
Ms Joyce Offei Pabi
Dated 31 March 2023