REGISTERED NUMBER: 04450990 CHARifi NUMBER: 1096178 NEW JERUSALEM APOSTOLIC CHURCH (BIRMINGHAM) UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024 SPARK Chartered Certified Accountants 10 Wrens Court. 48 Victoria Road. Sutton Coldfield, 872 1SY
NEW JERUSALEM APOSTOLIC CHURCH Acom an limlted b uarantee BIRMINGHAM CONTENTS Page Reference and admlnistrative details of the charity. its trustees and advisors Trustee3' Report Independent examinerfs report 9-10 ststement of flnanlcal actlvlties 11 Balance sheet 12 Notes to the financial statements 13-19
NEW JERUSALEM APOSTOLIC CHURCH Acom an Ilmited b BIRMINGHAM uarantee REFERENCE AND ADMINISTRATIVE DETAILS OF THE COMPANY. rrs TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MAY 2024 Trustees M Brooks B Ffrench H Levine S Ible C Dennis A Harvey P Sinclair Company registered number 0445099) Charity registered number 1096178 Rogistored office New Jerusalem Apostolic Church 6 Rocky Lane Aston Cross Bimingham B6 5RQ Company secretary Ffrench Independent examlnar Philip Burnell FCCA Accountants Spark Chartered Certtfied Accountsnts 10 Wrens Court 48 Victoria Road Sutton Coldfield B72 1SY Bankers Lloyds Bank Market Street Stafford ST16 2JL Unity Trust Bank Ptc Bimingham B12HB Pag8 1
NEW JERUSALEM AP Acom an Ilmlled b STOLIC CHURCH BIRMIN HAM uarantee TRUSTEES, REPORT FOR THE YEAR ENDED 31 MAY 2024 The Trustees (who are also directors of the charity for the purposes of the Companies Act) present their 8nnual report together with the financial statements of New Jerusalem Apostolic Church (Birmingham) (the company) for the year ended 31 May 2024. The Trustees cx)nfirm that th8 Annual report and financial statements of the company compty with the current ststutory r8quirements, the requirements of the CoMpanS goveming document and the provisions of the Statement of Recommended Practice {SORP) 'Accounting and Reporting by Charities. issued in March 2005. STRUCTURE, GOVERNANCE AND MANAGEMENT Constitution The company is registered as a tharitab18 company limited by guaran188 and was set up by a Memorandum of Association on 29 May 2()J2. The charity number is 1096178. The principal object of the company is to advance the Christian Faith in accordance with the statement of beliets, in Binningham, ts surrounding ar8as and such other parts of the United Kingdom and the World, as the Trustees may from time to time think fit and other such purposes which are exclusively charitable according to the law of England and Wales and are connected with the charitable work of the charity. Method of appointment or election of Trustees The management of the company is the ras[nsibl1ty of the Trustees who are 818Ct8d and COwOPted under the temis of the Articles of Association. Org8nis8tional structure and decision makng Organisational structure consists of the Tnjstees who make organisational decisions in conjunction with Ihe Bishop, Pastor and Elders. Elders are accountable to the Trustee Board for financial and general govemance onEy, but for spiritual matters they remain accountable to the Bishop and Pastor. This relationship is designed to offer greater transparency and clarity in decision making. The members of the organisation are free to object to any material transactions proposed by the Board and can do so in WTiting, by personal appointmenl with the Board or Pastors or in general weekly meetings Risk Management There is adequate insurance cover in place and financial information and internal controls are kept under regular review. Appropriate Criminal Records Bureau {CRBI checks, supported by regularly reviewed policies are made for all those who work with children or other vulnerable groups. OBJECTIVES AND ACTivrriES Policies and objectives In setting objectives and planning for acttvities, Ihe Trustees have given due nSIderatiOn to general guidance published by the Charity Commission relating to public benefit and in particular to its supplementary public benefit guidance on the advancement of religion. Page 2
NEW JERUSALEM APOST Acom limited b LIC CHURCH BIRMIN an uarantee TRUSTEES. REPORT FOR THE YEAR ENDED 31 MAY 2024 Rovlew of activities The Trustees consider the wde range of activities provide benefit to those vtho worship at the Church, the people of Bimiingham. its surrounding areas and overseas in line wtlh our objects. New Jerusalem Apostolic Church (Bimiingham) has continued to maintain its commitments to the projects and activities that it has carried out over the last few years. These projects have been identrfied to ensure that they are: a) Advancing the Christian faith in the UK andlor overseas b) Providing a place of VrshIp and community for people in Birningharn and the wider West Midlands c} Promoting education, employTnent. economic development andlor social inclusion programmes within Birmingham and surrounding areas d) Equipping church members and others in the community to operate in advancing Ihe Chrtstian faith outside of the physical church building. in nursing homes. Mmunity centres, hospitals. prisons etc. Summary of activities and beneficiaries 1st June 2023- 31st May 2024 The Church continues to have a main service every Sunday moming, which is Proeded by the School of The Word Bible study. There is prayer and Bible teaching every Tuesday evening with Youth Ministy meetings and Young Adults meetings running at the same time. We have "Revive" prayer meetings on the first Friday evening of each month. The Church is always open to all its membars and members of the Gommunity six days a week and provides a place of prayer and worship. Using conference call technology, we run prayer calls at least twice a week. vthere church members and guests alike can come together by phone, to pray in unison. Through the use of streaming of our live services, we have successfully extended our reach to a wder audience both within the UK and the wider world. Education is one of our Values here at New Jerusalem and we hold structured courses in Biblical studies and other aspects of Christian education and personal development. Each course is tailored and relevanl to its target group. For those members wishing to be baptised. we run a Recre8 course to explain and educate of the various facets of the Chrisb'an faith. We also continue to offer a range of practical workshops open to all, vthere practical principles, advi¢e and lrfe-skills are presented. Topics continue to revisit Personal Finance {CAP Finance), Goal Setting. Parenting and Health Education. We partner with various organisations and individual contacts to promote economic development and social inclusion and heath awareness. We support Prostate Cancer UK and Macmillan Nursing. Our dedicated office and foodbank staff and volunteers have continued to Vrk as an essential service throughout this penod. We acknow5edge their continual support and dedication to the work of the ministry during this period. Page 3
NEW JERUSALEM APOSTOLIC CHURCH Acom limited b uarantee BIRMINGHAM an TRUSTEES. REPORT FOR THE YEAR ENDED 31 MAY 2024 Our Food Bank operation is now in its eleventh y8ar of operation. This provides foods. toiletries and other domestic items to clients who are referred from Housing Authorities, Social seNices, Schools and other Community organisations, as well as others in need frorn the local area. Our foodbank is now open 3 days a week and by prior appointment and numbers attending have increased and cont'nue to do so. Other organisations in the social services and caring sectors draw on our stocks to feed and help those in need. Volunteers from the church every week continue to collect donation5 from supemiarkets and the church itself yeklY restocks the food bank from church funds and individual rnonetary donations. Throughout this period our Bishop and Pastor Yvonne continue to work tirelessly to help those in need of support in the local and wider comrnunity. They are continually requested to speak at meetings and forums, both in the UK and abroad. Their abilities and the whole ability of the church to embrace and operate new technology, has meant that by embracing Zoom and other platforms. Ihey have been able to communicate, support and reach out to people not only in the UK. bul in the wtder world. All of our departments such as Life Class, Youth. Eslherfs Academy. Ladies Department. Love In, Men's Department. Children's Church and others have meetings. seminars, teachings and presentations, both face to face in the building. vthilst often also providing an on4ine option to cater to those away from the building. Esther's Academy offers an annual programme of personal development for women based on the character, qualities and skills of Queen Esther in the Bible. They again successfully ran their 2024 programme in the church building in Birmingharn. and a separale programme in South London. The Tohorah programme. which runs separately for girfs within the l(Y14 age groups. continues to be integrated into the main Estherfs programme. A retreat took place in the summer of 2023, with ongoing plans in place for 2024 and beyond. The Men's department runs similar devèlopment prcwJrammes and run joint events wtth other churches. A weekly on-line call for mutual support and Bible study continues on an on-going basis. Local community organisations continued to utilise the meeting facilFties available in th8 building and as an organisation we seek to support th8m in any positive way. Our well*quipped and fully functioning Board Room continues to be used for meetings both by the charity and by exl8mal organisations. Our we114esigned and well-furbished lounge is also available for smaller infom[ meetings both internal and for use by extemal organisations. We continue to support Malage$ through indiwdual and couples counselling.. also teaching and including semions on marriage. The pre-marital counselling course is very popular amongst those wanting to get married. Those people, vhKJ have completed the course. appear to adjust better to their new way of life. The church, on a regular basis, sources and subsidises the services of a qualified Christian theo- therapist, to help those who need counselling and support in their lives and relationships. This support is now both online or in person if r8quired. The Youth department is instrumental in grounding and educating the young people. They have weekly Youth classes with specific teaching designed to develop Ihem into outstanding citizens and Christians and they actively work within the community. A Youth Worship Team which includes singers and musicians from other Bimiingham churches continues to fburish, ministering al several worship events and conferences, both in our building and outside. A Young Adults ministry successfully launched during 2024 which is well supported on Tuesday evenings and on Sundays and at other OneOff events. Two of our licensed ministers are full time qualified chaplains who operate outsid8 of th8 church environment. Page 4
NEW JERUSALEM APOSTOLIC CHURCH Acom limited b uarantee BIRMINGHAM an TRUSTEES. REPORT FOR THE YEAR ENDED 31 MAY 2024 One operates across the hospitals of a local hospital Trust both running services and giving support and Comfort to the sick and bereaved. She is also qualified as an Intemational Chaplain, linked to the UN and abl8 to serve in disaster areas and other critical locations worldwde. Our second qualified chaplain has worked full time for over 8 years in one of the prisons in the region, ministering to and supporting Male Young Offenders and Male Adults wtth weekly services. She supports the inmates with weekly services. bible study. counselling and personal development for rehabilitation. in conjunction with outside providers and volunteers. several of whom ar8 members of New Jerusa18m. She also ministers to and provides support to the prison staff. Th8 Hebron House Resettlement CIC organisation continues as a Communtty Interest Company {CIC) In its own right. Whilst its original mission in supporting nev41y released prisoners in finding accommodation and work continues. we have used funding to run mentoring and personal development courses inside other male prisons in the region as permitted under govemment regulations and guidelines. We also collaborate wth Prison Link, Phoenix United CIC and The Invested Man to provide SeteMent and mentoring resource. Our long-standing relationship with a charitsble organisation in South India continues. We give in kind and financial support. As a church we financially support the various charitable activities sponsored by the Intemational Jabula organisation, through their Utopia initiative. On the back of the hard work and dedication put into the organisation over the years by Bishop Melvin Brooks and Pastor Yvonne Brooks, their presence continues to be requested by Ihe wider church community and olher assemblies. Speaking engagements, the sharing of personal and organisational experiences, marriage counselling events and other seminars has led to th8m presenting on-line both wtthin the UK and across the world Bishop Melvin Brooks serves as Chief Operating Officer of the Intemational Organisation, Jabula New Lrfe Ministries and is also c(Fopted on to the Board of the Council of African Bishops, attending their regular meetings. He has also for several years served on the Board of the University of Wolverhampton. Following on from last year, the assumption of greater responsibilities by the Elders of the church, in the scheduled church services and activits'es has progressed. They continue to oversee their respective departmentsl heads seeking to delegate responsibilities vthere possible. Monthly meetings of the Elders and Leadership continue to take place. to ensure continuty and ongoing improvement in the activities of the organisation. Team building meetings and activities are actively encouraged and supported. We continue lo invest in the upkeep and on-going Maintenan of the building. The new heating system installed in 2022 has improved efficiency, comfort and energy utilisation. We are also mindful of our environmental responsibility and are Carrying out studies, to obtain costs for our future heatin9 and lighting solutions, to ensure that they are effective. cost efficient and eGo-friendly. To support the delivery of live services, wthich can both accommodate congregations and the transmitting and broadcasting live to those on line and on demand at a later time, we ntinUe lo source suitable cameras, computers, mixers, monitors and television screens with associated sundry equipment as required. For our music and worship, new speakers. microphones and audio transmission equipment. Recognition and thanks are extended to all the media, production and worship teams who invest many hours of their time and efforts to ensure the organisation continues to deliver high qualty service content. Page 5
NEW JERUSALEM APOSTOLIC CHU Acom limited b uarantee BIRMINGHAM an TRUSTEES, REPORT FOR THE YEAR ENDED 31 MAY 2024 Consistenl intemet access, w-fi and telephone provision across the l)ole buibjing. lch was implemented in 2023, continues to be of benefit to those wthin the organisation and visitors alike. In 2023, given the Nmde range of activtlies in the church and the size, scope and demands of the physical building, the Trustees approved the recruitment of a full-time Operations Manager. During this reporting period the Operations Manager has proactivety led the above devek)pments and progression of the building, the successful running of church activities and events and the smooth operation of the office. We conts'nue to monrtor how to maximise use of the space and facilities on all floors of the buikling. Our Hospilality Department ntinUeS to facilitate social interaclion belween members and visitor5. The hospitality provided after every service has been widely welcomed and well 5UPPOrted, providing the opportunity for communication. support and wellbeing for everyb(Kly coming into the building. Also. in the support of events Ihat tske place in the week. Financial review The Trustee Board have exercised great care with financial management over the last I1ve months. The income has moved upwards and we are expecting that wth careful forecasting planning and management we will continue to meet all our commtlments adequately. We saw continual improvemenl in the managing of our expenses and overheads. in line with our 2019 mission of'change" and our 2020 focus of°Managing Change". which was so necessary in the pandemic. We will continue to refine and improve our Financial Management processes. in line V4ith our theme for 2024 of-Abundance & Overflobrf. Reserves pollcy The aim of the resee$ policy is to maintain a healthy liquid postbon to cover 8ny dectine in income in any material shape or form. The board consider that three months recuning expenditure is asonable {@ £60,000>. The purpose of any reserves will be dearly stated. It is not the intention of the t)ard to build undue resefves where such Gan be used othemse to advan(* fvrther the aims and objectives of the organisallon. The current general reserve (being unrestricted funds exduding fixed assets and the loans relating to fixed assets) amounts to a reseNe of £272.427. Plans for the future Future developments In 2015 the New Jerusalem Trustees and Leadership redefined the organisation's mission for Ihe next 10 years to being an organisation Ihat Transfoms Lives For Everf. Each of the 10 years has a further foujs 2015 being "Building A Spiritual House" 2016 '0rganising Peop, Organising Monef and 2017 'Building Assets.. 2018 was 'Preparing for Change", ahead of our 2019 focus of"Change". Our 2020 focus vtas "Managing Change., 2021 was-Dominion'. 2022 was Yhanksgiving". 2023 is "Outreach" with 2024 being °Abundance & oveffl0. 2025 is the Year of Building A Spiritual House". Last reporling year, we look the decision io rebrand the organisation as New Jerusalem Community Church. Whilst hislorically the organisation had always been outward focused. we considered that this name More accurately refiected the emphasis and direct50n in which the organisation Continued to move. This has been reflected in the level of activity taking place viithin the trHJikling and the number5 of member5 and visitor5 attending Sunday services and other events. Page 6
NEW JERUSALEM APOSTOLIC CHURCH Acom limited b uarantee BIRMINGHAM an TRUSTEES. REPORT FOR THE YEAR ENDED 31 MAY 2024 Plans for the future Last reporting year, we took the decision to rebrand the organisation as New Jerusalem Community Church. Whilst historically the organisation had always been outward focused, we considered that this name more accurately reflected both the emphasis and direction in which the organisation continued to mov8. This has been reflected in the level of activity taking place wthin the building and th8 numbers of members and visitors attending Sunday services and other events. We s88 growth Continuing over the next decade and so we wll seek to Gontinue to Oplimise and maximise the facilities on all the floors of the Aston Cross premises, to benefft and meet the demands of the church members, their friends and families and the wd8r community both locally. across Birmingham and beyond. We are therefore actively examining and engaging extemal professional help. in assessing how we can maximise the property and resources that we cUentlY have at our disposal, an(J what other options might be available to support this expected growth. W& are actively looking to partner Vth other communty organisations. operating in sectors where we can contribute existing resource and expertise for maximum effectiveness. Examples viill be access and use to our Aston Cross building and resources. financial support and joint funding opportunities. Initial potential partner organisations include First Class Foundation, Prison Link. Hebron House CIC and Phoenix United CIC. We have also actively supported and contributed to the Time4Change initiative and the purchase of the Keep the Faith magazine by NCLF. On the back of our investment in the building and media and production equipmen( have the ability to mak& available to extemal charities and organisations, the building and the sanctuary with all tts audio- visual and production facilbties. This can be for local. national and international meetings and events. Continuing to embrace new media and production technology will be an important key to our growth going forward. Our hospitality initiatives arKI resources will continue to support and enhance this expansion. We will continue to generate funds. both through the provision of services, through fundraising events and the attraction of other funding where available. There has been a risk assessment carried out regarding making funding applications of this nature and the board has agreed that we would proceed as long as it falls in line with our charitable purposes for the publi¢ benefit. Our premises are accessible and welcoming where all members of the community can leam about the Christian Faith. Courses and seminars and other programmes where charged will be discounted for students. people on means tested benefits and pensioners to ensure that the beneffts provided by the church are not unreasonably restricted. Page 7
NEW JERUSALEM APOSTOLIC CHURCH Acom limited b uarantee BIRMINGHAM an TRUSTEES. REPORT FOR THE YEAR ENDED 31 MAY 2024 Trust88s' responsibilities statement The Trustees (who are also directors of New Jerusalem Apostolic Church (Bimiingham) for the purposes of company law) are responsible for preparing the Trustees, report and the financial statements in accordance with applicable law and United Kingdom Accounting Stsndards {United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial year. Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure. of the charitable company for that period. In preparing these financial statements. the Trustees are required to.. select suitsble accounting policies and apply them consistently, observe the methods and PrinpIeS in the CharFties SORP., make judgements and aCUnting estimates that are reasonable and prudent. prepare the financial statements on the going concem basis unless it is inappropriate to presume that the charitsble company will continu8 in operation Th8 Trustees are responsible for keeping adequate accounting records that are sufficient lo show and explain the charitable companvs transactions and disclose wtth reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements compty with the Companies Act 2006. They are 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. In preparing this report. the Trustees have tsken advantage of the small companies 8xemptions provided by SelOn 415A of the Companies Act 2006. port was a d by the Trustees on 20th February 2025 and signed on their behalf by. H A Levlne Chair of Trustees Board Page 8
NEW JERUSALEM APOSTOLIC CHURCH Acom an limited b uarantee BIRMINGHAM INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF KINGDOM CENTRAL FOR THE YEAR ENDED 31 MAY 2024 I report on the financial statements of the company for the year ended 31 May 2024 which are set out on pages 11 to 19. This report is made solely to the companys Trustees, as a body. in accordan wth section 145 of the Charities Act 2011 and regulations made under section 154 of that Act. My work has been undertaken so that I might state to the companys Trustees those matters l am required to state to them in an Independent examinerfs 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 company and the companys Trustees as a body. for my work or for this report. Respectlve Responslbllities of Trustees and Examlner The charitys trustees are responsible for the preparation of the accounts. The chariws trustees consider that an audit is not required for this year und8r section 144 of the Charttses Act 2011 (the Charltses Act) and that an independent examination is needed. Having satisfied myself that the company is not subject to audit under charity or Company law and is eligible for independent examination. it is my responsibility to: examine the financial statements under section 145 of the Act: follow the procedures laid dovffl in the general Directions given by the Charity Commission under section 145(5) (b) of the Act- and state whether particular matters have come to my attention. Basis of Independent Examinerfs Report My examination VRS carried out in accordance with the general directions given by the Charity Commission. An examination includes a rewew of the accounting records kept by the company and a comparison of the financial statements presented v4ith those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as Twstees conceming any such matters. The procedures underiaken do not provide all the evidence that would be required in an audit, and consequentty no opinion is given as to vthether the financial statements present a 'true and fair view and the report is limited to those matters sel out in the statement below. Page 9
NEW JERUSALEM APOSTOLIC CHURCH Acom an Ilmited b uarantee BIRMINGHAM INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF KINGDOM CENTRAL FOR THE YEAR ENDED 31 MAY 2024 Independènt Examlnerfs Statement In connection wth my examination, no matter has come to my attention: (1) Which giv8s me reasonable cause to believe that in any material sPeCt the requirements.. to keep accounting r8cords in accordance bmth section 386 of the Companies Act 2006.. and to prepare financial ststements which accord with the accounting refX)rds and comply with the accounting requirements of section 396 of the Companies Act 2006 and wth the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met.. or (2) to which, in my opinion, attention should be drayffl in order to enable a proper understanding of the financial statements to be reached. -/Lknll Dated: 20 February 2025 Phillp Burnell FCCA Spark Chartered Certlfied Accountants 10 Wrens Court 48 Victoria Road Sutton Coldfield B72 1SY Page 10
NEW JERUSALEM APOSTOLIC CHURCH Acom an limited b uarantee BIRMINGHAM STATEMENT OF FINANCIAL ACTIVITIES (Incorporating Income and Expenditure Account) FOR THE YEAR ENDED 31 MAY 2024 Restricted Unrestricted funds funds 2024 2024 Total funds 2024 Total funds 2023 Note Incomlng resources Incoming resources from generated funds: Voluntary incom8 446,567 446.567 390,213 Investment income 3.796 3,796 1,336 Activities for generating funds 11,028 7.155 18,183 18,961 Olher income 10,000 Total Incoming resources 11,028 457,518 468,546 420,510 Resources expended Charitable activities 11.186 407,390 418,576 386,997 Governance costs 2,500 2,500 Total resources expended 11,186 409,890 421,076 389,497 Movement in total funds forthe year- Net incomel(expenditure) for the year {158) 47.628 47,470 31.013 Total funds at 1 June 2023 32,194 224,799 256,993 225.980 Transfer of funds Total funds at 31 May 2024 32,036 272.427 304,463 256,993 The notes on pages 13 to 19 form part of these financial statements. Page 11
NEW JERUSALEM APOSTOUC CHURCH Acom an limited b uarantee BIRMINGHAM BALANCE SHEET AS AT 31 MAY 2024 2024 2Q23 Note Flxed Assets Tangible assets Current assets Debtors Cash at bank and in hand 15 691,372 703, 556 12 40,670 71,338 31,492 50,256 112,008 81,748 Creditors: amounts falling due wthin one year 13 {21.133) (24,634) Net current Ilabilities 90,875 57,114 Total assets less Current liabilities 782.247 760,670 Creditors: amounts falling due after more than one year 14 (193,473) (219,364) Net assets 588,774 541,306 Charlty funds Unrestricted funds Restricted funds Revaluation reserve 17 17 17 272.427 32,036 284,311 224, 799 32.194 284,311 Total funds 588,774 541,304 The Tnjstees consider that the company is entitled to exemption from the requirement to have an audit under the provisions of section 477 of the Companies Act 2006 ('the Acr) and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Act. The Trustees acknowledge their responsibilities for complwng with the requirements of the Companies Act 2006 with respect to accounting records and for preparing financial statements which give a true and fair view of the state of affairs of the Gompany as at 31 May 2023. and of its nel resources expended for the year in accordan with the requirements of sections 394 and 395 of the Act, and which otherwise compty with the requirements of the Companies Act 2006 relating to financial statements. so far as applicable to the (mpanY. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: ststement of Recommended Practice applicable to Chartties preparing their accounts in accordance with the Financi Reporting Standard applicable in UK and Republic of Ireland (FRS 102) (effective 1 January 2015). Chariti SORP (FRS 102 the financial Standard applicable in the UK and Republic of Ireland (FRS 102) and anies Act 20 The ial slatem re approved by the Trustees on 20 February 2025 and signed on their behalf by.. H Levine - Chair The notes on pages 13 to 19 form part of these financial ststements. Page 12
NEW JERUSALEM APOSTOLIC CHURCH Acom Ilmlled b ua ntee BIRMINGHAM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024 Accountlng Policies 1.1 Basls of preparatlon of financial statements The financial stat8ments have been prepared in accordance with Accounting and Reporting by Charities: Ststement of Recommended Practice applicable to chartties preparing th8ir accounts in accordance wth the Financial Reporting Standard applicable in UK and Republic of Ireland {FRS 102) (effective 1 January 2015), Charities SORP (FRS 102), the finanal Standard appliGable in the UK and Republic of Ireland (FRS 102) and Companies Act 2006. 1.2 Fund accounllng General funds are unrestricted funds vthich are available for use at the discretion of the Tnjstees in furtherance of the general objectives of the company and which have not been designated for other purposes. D8signated funds comprise unrestricted funds that have been set aside by the Twst8es for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Restricted funds are funds which are to be used in accordan wtth specific restrictions imposed by donors or which have been raised by the company for particular purposes. The costs of raising and administering such funds are charged against the specific fund. Thé aim and use of each rèstricted fund is set OLrt in the notes to the financial statements. 1.3 Incoming resources All incoming resou$ are induded in the Ststement of Financial Activities when the company has 8nti118ment to the funds. ortainty of receipt and the amount can be measured with sufficient reliability. Income tax recoverable in relation to donations receNed under Grfl or deeds of covenant is recognised at the time of the donation. 1.4 Resources èxponded Expenditure is accounted for on an accruals basis and ha5 been included under expense categories that aggregate all costs for allocation to acttvities. Where costs cannot be directly attributed to particular activikn'es they have been allocaled on a basis consistenl with the use of the resourc8S. Fundraising costs are those incurred in seeking voluntary contributions and do not indude the costs of disseminating infomiation in support of the charitable activities. Support costs are those costs incurred directty in support of expenditure on the objects of the company and include project management. Governance costs are those incurred in connection wtth administration of the companyand compliance with consttiulional and statutory requirements. Page 13
NEW JERUSALEM APOST LIC CHURCH Acom an limited b uarantee BIRMIN NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024 Accountlng Policies (contlnued) 1.5 Tanglble fixed assets and depraclatlon Tangible fixed assets are stated at cost18ss depreciation. DepreatIOn is provided at rates calculated to wrrte off the cost of fixed assets. less Iheir estimated restdual value, over their expected useful lives on the followng bases: Fr8ehold propety Plant and machinery Motor vehicles Fixtures and fittings Computer equipment 2% straight line 15Yo reducing balance 15¥0 reducing balan 159/0 reducing balan 250A reducing balance Voluntary Income Restricted Unrestricted fjJnds funds 2024 2024 Total funds 2024 Total funds 2023 Donations and legacies Gift aid 377,395 69,172 377,395 69,172 332,826 57,387 Voluntary income 446,567 446,567 390.213 Investment Income Restrirted Unrestricted fvrKIs fijnds 2024 2024 Total funds 2024 Total fvnds 2023 Rental income and lattings Interest received 3.388 408 3,388 408 1.070 266 Investment income .796 Activites for generating funds Restricted Unrestricted funds funds 2024 2024 Total funds 2024 Total fvnds 2023 Women of Purpose Estherfs Academy Other revenue 700 10.328 700 10.328 7.155 835 9,401 8.725 7.155 Activttes for generating funds 11,028 7,155 18,183 18, Other Income Restricted Unrestricted funds funds 2024 2024 Total funds 2024 Total fvnds 2023 Grant income Profrt on disposal of tsngible fixed assets 10,000 Other income 10,000 Page 14
NEWJER Acom an SALEM APOSTOLIC CHURCH limited b uarantee BIRMINGHAM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024 Direct costs Total funds 2024 Total funds 2023 Donations and swnspoship Rent and rates Youth Ministry Travel Traininglseminars Speaker expenses Esthevs Academy staff costs 22,849 7,567 710 1,629 25.540 6,627 2,095 1,169 2,296 3.110 11.245 148,951 445 11,186 173.375 (Not8 10) 217,761 201,033 Support costs Total funds 2024 Total funds 2023 Printing, postage and stationery Repairs and mainlenance Telecommunications IT sofvare & consumables Cleaning Insurance Accountancy Light arKI heat Advertising Events expenses Welfare & refreshments Vehicle running costs Bank Charges Sundries Lease of equipment Loan Inlerest Depreciab'on 5,814 11,558 14,909 12.943 9.187 9,587 8,955 34,523 370 18,167 17,748 3,761 2,868 5.902 13,924 16,862 13.737 12,878 16.588 10,809 10,756 5,790 8,873 5,407 26,937 747 14,829 14,115 2,851 2,675 4,616 19,827 13.551 14.624 200.815 185,873 Governance Gosts Total fund5 2024 Total funds 2023 Accountsncy 2.500 2,500 Page 15
NEW JERUSALEM APOSTOLIC CHURCH Acom an limited b uarantee BIRMINGHAM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024 Net incoma This is stated after charging: 2024 2023 Depreciation of tangible fixed assets.. Owned by the charity Independent examinerfs f88 13,737 2,500 14.624 2.500 16,237 17,124 10. Staff costs 2024 2023 Staff costs were as follows: Wages and salaries Social security costs Pension Support & admin 144,283 8,399 3,419 17.273 126,411 6,243 2,805 13,493 173,375 148,952 The averag8 monthly number of employ8es during the year was as follows: 2024 No. 2023 No. No employee reiVed remuneration amounting to more than £60.000 in either year. 11. Taxation The company is exempt from corporation tax on its charttable activities. 12. Debtors 2024 2023 Other Debtors 40,670 31,492 40,670 31,492 Page 16
NEW JERUSALEM APOSTOLIC CHURCH Acom an Ilmited b uarantee BIRMINGHAM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024 13. Creditors: Amounts falling due wlthln one year 2024 2023 Trade creditors Bank loans and overdrafts Social Security and other taxes Oth8r loans Oth8r creditors Accruals and deferred income 6,920 10,000 2.734 8, 753 9,996 2.078 1.479 549 3,258 21,133 24,634 14. Credltors: Amounts falllng due after more than one year 2024 2023 Bank Loans 193,473 219,364 193.473 219,364 Creditors include amounts not wholly repaydble within 5 years as follows: 2024 2023 Repayable by installments 82.106 97,993 82,106 97,993 The bank loans of £203.473 (2023 . £229,360} are secured against the assets of the charitable company. Page 17
NEW JERUSALEM APOSTOLIC CHURCH Acom limited b uarantee BIRMINGHAM an NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024 15. Tanglble fixed assets Freehold Plant & property machinery Motor vehicles Fixtures & fittings Cost Revaluation Additions 793,320 18,491 29,270 33,523 600 328 As at 31 May 2024 793,320 19,091 29.270 33,851 Depreciation Charge for the year 111.730 9.314 14.428 640 26,361 436 28,979 698 As at 31 May 2024 121,044 15.068 26,797 29,677 Net book value As at 31 May 2024 672,278 4.023 2.473 4,174 As at 31 May 2023 681,590 4,063 2,909 Computer equipment Total Cost Revaluation Additions 44.044 918.648 626 1,554 As at 31 May 2024 44,670 920,202 Depreciation Charge for the year 33,596 2,650 215,092 13,738 As at 31 May 2024 36.246 228,830 Net book value As at 31 May 2024 8,424 691,372 As at 31 May 2023 10.448 703,556 The property was revalued to its fair value of £750.000 in May 2021, by Vail Williams LLP. Page 18
NEW JERUSALEM APOSTOLIC CHURCH Acom an limited b uarantee BIRMINGHAM NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024 16. Statement of funds Brought forward Incoming resources Resources expended Transfer of funds Carrled forward Unrestricted funds General funds 224,799 457.518 (409.890) 272,427 Restricted funds Youth capital fund Music studio Women of Purpose Mens department Esthevs Academy 754 6.465 (1.378) (3,561) 29,914 32,194 754 6,465 (678) (3,561) 29,056 32,036 700 10.328 11,028 11,186 (11.186) Total of funds 256.993 468,546 (421,076) 304,463 17. Analysls of net assets between funds Restrfcted funds 2024 Unrestricted funds 2024 Total funds 2024 Total funds 2023 Tangible assets Cuent assets Creditors due within one year Creditors due more than one year Revaluation reserve 32.036 659.336 112.008 {21.133) (193,473) (284,311) 691,372 112,008 121,133) (193,473) (284.311) 703,556 81,748 (24,634) {219,364) {284,311) 32.036 272.427 304,463 256,995 Page 19