The Apostolic Church of Great Britain Board of Trustees April 2020-April 2021 1210212021 Attendees: Via Zoom Rev. John A Hemus, Rev. Tom Suey, Rev. Chris Sowards, Sherri L. Hemus Meeting began16:30 1.Covid: JH: Lockdown mandated from March to July 2020, last week of October to 3 December 2020, beginning of January 2021 to current. The difference this lockdown is that churches are allowed to be open which is amazing. We are meeting Sunday mornings but have been doing Zoom for Thursday evening service since last March 2020. JH: Average attendance is about 213 of the congregation. 2.Church". JH: We have baptised 17 since the first lockdown began. We are continuing bible studies online and small groups online throughout the lockdown. The majority of the church has remained committed and we have even gained people. Sunday mornings we have done everything to be covid compliant for the safety of those attending church services. Our ushers are very good about keeping a one way system, cleaning during service, reminding people to use antibacterial, etc. We are required to wear masks in the service. We also offer our Sunday morning service online for those that are vulnerable and unable to attend. One of those baptised was frorn London. The government has not offered any help financially to churches and The Maggie ONeill Community Resource Centre did not receive any help from the government but all the tenants in our off ices did and that enabled them to pay their monthly rent. Only one tenant tried to avoid their lease payment. 3. Food Outreach and Delivery and Maggle O'Neill Centre: JH: We continued with our food outreach at the Maggie ONeill Centre for the elderly and vulnerable frorn March through July 2020 until the first lockdown finished. The local council contacted us along with funders and offered to give us money to buy the food. JH: We are in discussions with the local council about more food outreach locally. We had many volunteers help deliver over 5CQ bags of groceries over 14 weeks. We had some church members volunteer but also had local people show up and want to volunteer to deliver groceries. This was an amazing way to meet people we would not have had the opportunity to meet. Many times, we were the only people the elderly and vulnerable saw for weeks at a time. JH: We have also had many in the church want to get involved further with the food outreach to the community.
4.Unity Nursery: JH- Nurseries were closed from March to June 2020. We opened but did not have many children throughout the summer. Most parents wanted to keep their children home as they were working from home. The government allowed us to furlough employees March to June 2020 and then throughout the summer as needed and they paid 80% of the salaries. This helped the nursery tremendously and local government continued to give nurseries funding for funded children whether they came to nursery or not. With this assistance, Unity has been able to weather the storm of Covid and we currently have so many children enrolled (our highest enrolment since opening in 2016) that we are nterviewing More staff. 5. Other Business: JH: We want to open a work in London and some other churches, works and individuals have offered to help and get involved. Planting a work in Blundell Sands through connections there. A rugby club has offered to rent a room to us. We still have the work in West Kirby. JH.. After speaking with the ACOL accountant we would like to separate the nursery from the charity and make it a private enterprise. With the boards approval we can move the nursery out from under the charity and make it a private company. We have discussed this with accountant for the past several years. TS: Motioned to move the nutsery, Unity Childcare, from under the charity of ACOL to a private enterprise. CS: Seconded the motion JH: Is stepping down from being the dlstrict superintendent of the central district of the UPCGBI after 16 y&qrs of service. There seems to be a natural progression of others moving in to the role of ministry within the church. TS: Closed with prayer CS.. Motioned to adjourn the meeting TS: Seconded the motion 17:40 meeting adjourned
REGISTERED CHARITY NUMBER: 1102507
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 5 April 2021
for
The Apostolic Church
GR Taylor & Co Accountants 54-56 Ormskirk Street ST HELENS Merseyside WA10 2TF
The Apostolic Church
Contents of the Financial Statements for the Year Ended 5 April 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Independent Examiner's Report | 2 | ||
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | ||
| Notes to the Financial Statements | 5 | to | 9 |
| Detailed Statement of Financial Activities | 10 | to | 11 |
The Apostolic Church
Report of the Trustees for the Year Ended 5 April 2021
The trustees present their report with the financial statements of the charity for the year ended 5 April 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1102507
Principal address
The Apostolic Church of Great Britain 433 Liverpool Road Huyton Merseyside L36 8HT
Trustees
Pastor J Hemus Mrs S Hemus Rev T Suey Rev C Sowards
Independent Examiner
GR Taylor & Co Accountants 54-56 Ormskirk Street ST HELENS Merseyside WA10 2TF
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ Pastor J Hemus - Trustee
Page 1
Independent Examiner's Report to the Trustees of The Apostolic Church
Independent examiner's report to the trustees of The Apostolic Church
I report to the charity trustees on my examination of the accounts of The Apostolic Church (the Trust) for the year ended 5 April 2021.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of _ which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Sarah Nichols FCCA GR Taylor & Co Accountants 54-56 Ormskirk Street ST HELENS Merseyside WA10 2TF
Date: .............................................
Page 2
The Apostolic Church
Statement of Financial Activities for the Year Ended 5 April 2021
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 265,555 Investment income 2 41,119 Other income 18,164 Total 324,838 EXPENDITURE ON Raising funds 220,641 NET INCOME 104,197 RECONCILIATION OF FUNDS Total funds brought forward 630,764 TOTAL FUNDS CARRIED FORWARD 734,961 |
Restricted fund £ - - - - - - - - |
5.4.21 Total funds £ 265,555 41,119 18,164 324,838 220,641 104,197 630,764 734,961 |
5.4.20 Total funds £ 224,133 57,096 - |
|---|---|---|---|
| 281,229 228,406 |
|||
| 52,823 577,941 |
|||
| 630,764 |
The notes form part of these financial statements
Page 3
The Apostolic Church
Balance Sheet
5 April 2021
| Notes FIXED ASSETS Tangible assets 5 CURRENT ASSETS Cash at bank CREDITORS Amounts falling due within one year 6 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 7 NET ASSETS FUNDS 10 Unrestricted funds TOTAL FUNDS |
Unrestricted fund £ 531,953 239,969 (33,960) 206,009 737,962 (3,001) 734,961 |
Restricted fund £ - - - - - - - |
5.4.21 Total funds £ 531,953 239,969 (33,960) 206,009 737,962 (3,001) 734,961 734,961 734,961 |
5.4.20 Total funds £ 535,867 173,547 (73,661) 99,886 635,753 (4,989) 630,764 630,764 630,764 |
|---|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Pastor J Hemus - Trustee
The notes form part of these financial statements
Page 4
The Apostolic Church
Notes to the Financial Statements for the Year Ended 5 April 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Church - in accordance with the property Equipment - 25% on reducing balance
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
The interest element of these obligations is charged to the Statement of Financial Activities over the relevant period. The capital element of the future payments is treated as a liability.
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Page 5
continued...
The Apostolic Church
Notes to the Financial Statements - continued for the Year Ended 5 April 2021
2. INVESTMENT INCOME
| Rents received Deposit account interest |
5.4.21 £ 41,105 14 41,119 |
5.4.20 £ 57,076 20 |
|---|---|---|
| 57,096 |
3. TRUSTEES' REMUNERATION AND BENEFITS
Trustees' expenses
There were no trustees' expenses paid for the year ended 5 April 2021 nor for the year ended 5 April 2020.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
5.
| INCOME AND ENDOWMENTS FROM Donations and legacies Investment income Total EXPENDITURE ON Raising funds NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD TANGIBLE FIXED ASSETS COST At 6 April 2020 and 5 April 2021 DEPRECIATION At 6 April 2020 Charge for year At 5 April 2021 NET BOOK VALUE At 5 April 2021 At 5 April 2020 |
Unrestricted fund £ 224,133 57,096 281,229 228,406 52,823 577,941 630,764 Church £ 504,937 - - - 504,937 504,937 |
Restricted fund £ - - - - - - - Equipment £ 44,278 13,348 3,914 17,262 27,016 30,930 |
Total funds £ 224,133 57,096 281,229 228,406 52,823 577,941 630,764 Totals £ 549,215 13,348 3,914 17,262 531,953 535,867 |
Total funds £ 224,133 57,096 |
|---|---|---|---|---|
| 281,229 228,406 |
||||
| 52,823 577,941 |
||||
| 630,764 |
Page 6
continued...
The Apostolic Church
Notes to the Financial Statements - continued for the Year Ended 5 April 2021
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
|---|---|---|---|---|---|
| 5.4.21 | 5.4.20 | ||||
| £ | £ | ||||
| Taxation and social security | 978 | 1,098 | |||
| Other creditors | 32,982 | 72,563 | |||
| 33,960 | 73,661 | ||||
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN | ONE YEAR | |||
| 5.4.21 | 5.4.20 | ||||
| £ | £ | ||||
| Hire purchase (see note 9) | 3,001 | 4,989 | |||
| 8. | LOANS | ||||
| An analysis of the maturity of loans is given below: | |||||
| 5.4.21 | 5.4.20 | ||||
| £ | £ | ||||
| Amounts falling due within one year on demand: | |||||
| Other loans | 30,401 | 69,081 | |||
| 9. | LEASING AGREEMENTS | ||||
| Minimum lease payments under hire purchase fall due as follows: | |||||
| 5.4.21 | 5.4.20 | ||||
| £ | £ | ||||
| Net obligations repayable: | |||||
| Between one and five years | 3,001 | 4,989 | |||
| 10. | MOVEMENT IN FUNDS | ||||
| Net | |||||
| movement | At | ||||
| At | 6.4.20 | in funds | 5.4.21 | ||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 630,764 | 104,197 | 734,961 | ||
| TOTAL FUNDS | 630,764 | 104,197 | 734,961 | ||
| Net movement in funds, included in the above are as follows: | |||||
| Incoming | Resources | Movement | |||
| resources | expended | in funds | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 324,838 | (220,641) | 104,197 | ||
| TOTAL FUNDS | 324,838 | (220,641) | 104,197 |
continued...
Page 7
The Apostolic Church
Notes to the Financial Statements - continued for the Year Ended 5 April 2021
10. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 6.4.19 £ Unrestricted funds General fund 577,941 TOTAL FUNDS 577,941 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 281,229 TOTAL FUNDS 281,229 |
Net movement At in funds 5.4.20 £ £ 52,823 630,764 52,823 630,764 Resources Movement expended in funds £ £ (228,406) 52,823 (228,406) 52,823 |
At 5.4.20 £ 630,764 |
|---|---|---|
| 630,764 | ||
| 52,823 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 6.4.19 £ 577,941 577,941 |
Net movement in funds £ 157,020 157,020 |
At 5.4.21 £ 734,961 |
|---|---|---|---|
| 734,961 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 606,067 606,067 |
Resources Movement expended in funds £ £ (449,047) 157,020 (449,047) 157,020 |
Resources Movement expended in funds £ £ (449,047) 157,020 (449,047) 157,020 |
|---|---|---|---|
| 157,020 |
continued...
Page 8
The Apostolic Church
Notes to the Financial Statements - continued for the Year Ended 5 April 2021
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 5 April 2021.
Page 9
The Apostolic Church
Detailed Statement of Financial Activities for the Year Ended 5 April 2021
| INCOME AND ENDOWMENTS Donations and legacies Congregation Other income Grants Nursery admissions Investment income Rents received Deposit account interest Other income Government grants Furlough Total incoming resources EXPENDITURE Support costs Management Staff costs Pensions Security Repairs & Maintenance UPC GB & I Insurance Light, heat and rates Telephone Post, Stat & Advertising Conferences & Promotions Sundry and Youth club exp's Nursery Supplies Motor exp., repairs & travel Other Fixtures and fittings Governance costs Accountancy and legal fees Carried forward |
5.4.21 £ 129,261 19,896 77,661 38,737 265,555 41,105 14 41,119 10,000 8,164 18,164 324,838 98,295 3,341 1,475 31,893 9,193 5,682 8,311 6,733 1,279 11,074 17,173 5,025 14,657 214,131 3,914 2,174 2,174 |
5.4.20 £ 98,611 18,539 60,237 46,746 |
|---|---|---|
| 224,133 57,076 20 |
||
| 57,096 - - |
||
| - | ||
| 281,229 99,397 716 1,272 24,406 10,223 7,307 12,903 6,905 3,663 4,519 14,557 8,963 23,933 |
||
| 218,764 5,215 4,020 4,020 |
This page does not form part of the statutory financial statements
Page 10
The Apostolic Church
Detailed Statement of Financial Activities for the Year Ended 5 April 2021
| Detailed Statement of Financial Activities for the Year Ended 5 April 2021 |
||
|---|---|---|
| Governance costs Brought forward Hire purchase Total resources expended Net income |
5.4.21 £ 2,174 422 2,596 220,641 104,197 |
5.4.20 £ 4,020 407 |
| 4,427 | ||
| 228,406 | ||
| 52,823 |
This page does not form part of the statutory financial statements
Page 11
REGISTERED CHARITY NUMBER: 1102507
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 5 April 2021
for
The Apostolic Church
GR Taylor & Co Accountants 54-56 Ormskirk Street ST HELENS Merseyside WA10 2TF
The Apostolic Church
Contents of the Financial Statements for the Year Ended 5 April 2021
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | ||
| Independent Examiner's Report | 2 | ||
| Statement of Financial Activities | 3 | ||
| Balance Sheet | 4 | ||
| Notes to the Financial Statements | 5 | to | 9 |
| Detailed Statement of Financial Activities | 10 | to | 11 |
The Apostolic Church
Report of the Trustees for the Year Ended 5 April 2021
The trustees present their report with the financial statements of the charity for the year ended 5 April 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1102507
Principal address
The Apostolic Church of Great Britain 433 Liverpool Road Huyton Merseyside L36 8HT
Trustees
Pastor J Hemus Mrs S Hemus Rev T Suey Rev C Sowards
Independent Examiner
GR Taylor & Co Accountants 54-56 Ormskirk Street ST HELENS Merseyside WA10 2TF
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ Pastor J Hemus - Trustee
Page 1
Independent Examiner's Report to the Trustees of The Apostolic Church
Independent examiner's report to the trustees of The Apostolic Church
I report to the charity trustees on my examination of the accounts of The Apostolic Church (the Trust) for the year ended 5 April 2021.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of _ which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Sarah Nichols FCCA GR Taylor & Co Accountants 54-56 Ormskirk Street ST HELENS Merseyside WA10 2TF
Date: .............................................
Page 2
The Apostolic Church
Statement of Financial Activities for the Year Ended 5 April 2021
| Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 265,555 Investment income 2 41,119 Other income 18,164 Total 324,838 EXPENDITURE ON Raising funds 220,641 NET INCOME 104,197 RECONCILIATION OF FUNDS Total funds brought forward 630,764 TOTAL FUNDS CARRIED FORWARD 734,961 |
Restricted fund £ - - - - - - - - |
5.4.21 Total funds £ 265,555 41,119 18,164 324,838 220,641 104,197 630,764 734,961 |
5.4.20 Total funds £ 224,133 57,096 - |
|---|---|---|---|
| 281,229 228,406 |
|||
| 52,823 577,941 |
|||
| 630,764 |
The notes form part of these financial statements
Page 3
The Apostolic Church
Balance Sheet
5 April 2021
| Notes FIXED ASSETS Tangible assets 5 CURRENT ASSETS Cash at bank CREDITORS Amounts falling due within one year 6 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 7 NET ASSETS FUNDS 10 Unrestricted funds TOTAL FUNDS |
Unrestricted fund £ 531,953 239,969 (33,960) 206,009 737,962 (3,001) 734,961 |
Restricted fund £ - - - - - - - |
5.4.21 Total funds £ 531,953 239,969 (33,960) 206,009 737,962 (3,001) 734,961 734,961 734,961 |
5.4.20 Total funds £ 535,867 173,547 (73,661) 99,886 635,753 (4,989) 630,764 630,764 630,764 |
|---|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. Pastor J Hemus - Trustee
The notes form part of these financial statements
Page 4
The Apostolic Church
Notes to the Financial Statements for the Year Ended 5 April 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Church - in accordance with the property Equipment - 25% on reducing balance
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
The interest element of these obligations is charged to the Statement of Financial Activities over the relevant period. The capital element of the future payments is treated as a liability.
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
Page 5
continued...
The Apostolic Church
Notes to the Financial Statements - continued for the Year Ended 5 April 2021
2. INVESTMENT INCOME
| Rents received Deposit account interest |
5.4.21 £ 41,105 14 41,119 |
5.4.20 £ 57,076 20 |
|---|---|---|
| 57,096 |
3. TRUSTEES' REMUNERATION AND BENEFITS
Trustees' expenses
There were no trustees' expenses paid for the year ended 5 April 2021 nor for the year ended 5 April 2020.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
5.
| INCOME AND ENDOWMENTS FROM Donations and legacies Investment income Total EXPENDITURE ON Raising funds NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD TANGIBLE FIXED ASSETS COST At 6 April 2020 and 5 April 2021 DEPRECIATION At 6 April 2020 Charge for year At 5 April 2021 NET BOOK VALUE At 5 April 2021 At 5 April 2020 |
Unrestricted fund £ 224,133 57,096 281,229 228,406 52,823 577,941 630,764 Church £ 504,937 - - - 504,937 504,937 |
Restricted fund £ - - - - - - - Equipment £ 44,278 13,348 3,914 17,262 27,016 30,930 |
Total funds £ 224,133 57,096 281,229 228,406 52,823 577,941 630,764 Totals £ 549,215 13,348 3,914 17,262 531,953 535,867 |
Total funds £ 224,133 57,096 |
|---|---|---|---|---|
| 281,229 228,406 |
||||
| 52,823 577,941 |
||||
| 630,764 |
Page 6
continued...
The Apostolic Church
Notes to the Financial Statements - continued for the Year Ended 5 April 2021
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
|---|---|---|---|---|---|
| 5.4.21 | 5.4.20 | ||||
| £ | £ | ||||
| Taxation and social security | 978 | 1,098 | |||
| Other creditors | 32,982 | 72,563 | |||
| 33,960 | 73,661 | ||||
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN | ONE YEAR | |||
| 5.4.21 | 5.4.20 | ||||
| £ | £ | ||||
| Hire purchase (see note 9) | 3,001 | 4,989 | |||
| 8. | LOANS | ||||
| An analysis of the maturity of loans is given below: | |||||
| 5.4.21 | 5.4.20 | ||||
| £ | £ | ||||
| Amounts falling due within one year on demand: | |||||
| Other loans | 30,401 | 69,081 | |||
| 9. | LEASING AGREEMENTS | ||||
| Minimum lease payments under hire purchase fall due as follows: | |||||
| 5.4.21 | 5.4.20 | ||||
| £ | £ | ||||
| Net obligations repayable: | |||||
| Between one and five years | 3,001 | 4,989 | |||
| 10. | MOVEMENT IN FUNDS | ||||
| Net | |||||
| movement | At | ||||
| At | 6.4.20 | in funds | 5.4.21 | ||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 630,764 | 104,197 | 734,961 | ||
| TOTAL FUNDS | 630,764 | 104,197 | 734,961 | ||
| Net movement in funds, included in the above are as follows: | |||||
| Incoming | Resources | Movement | |||
| resources | expended | in funds | |||
| £ | £ | £ | |||
| Unrestricted funds | |||||
| General fund | 324,838 | (220,641) | 104,197 | ||
| TOTAL FUNDS | 324,838 | (220,641) | 104,197 |
continued...
Page 7
The Apostolic Church
Notes to the Financial Statements - continued for the Year Ended 5 April 2021
10. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 6.4.19 £ Unrestricted funds General fund 577,941 TOTAL FUNDS 577,941 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 281,229 TOTAL FUNDS 281,229 |
Net movement At in funds 5.4.20 £ £ 52,823 630,764 52,823 630,764 Resources Movement expended in funds £ £ (228,406) 52,823 (228,406) 52,823 |
At 5.4.20 £ 630,764 |
|---|---|---|
| 630,764 | ||
| 52,823 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 6.4.19 £ 577,941 577,941 |
Net movement in funds £ 157,020 157,020 |
At 5.4.21 £ 734,961 |
|---|---|---|---|
| 734,961 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 606,067 606,067 |
Resources Movement expended in funds £ £ (449,047) 157,020 (449,047) 157,020 |
Resources Movement expended in funds £ £ (449,047) 157,020 (449,047) 157,020 |
|---|---|---|---|
| 157,020 |
continued...
Page 8
The Apostolic Church
Notes to the Financial Statements - continued for the Year Ended 5 April 2021
11. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 5 April 2021.
Page 9
The Apostolic Church
Detailed Statement of Financial Activities for the Year Ended 5 April 2021
| INCOME AND ENDOWMENTS Donations and legacies Congregation Other income Grants Nursery admissions Investment income Rents received Deposit account interest Other income Government grants Furlough Total incoming resources EXPENDITURE Support costs Management Staff costs Pensions Security Repairs & Maintenance UPC GB & I Insurance Light, heat and rates Telephone Post, Stat & Advertising Conferences & Promotions Sundry and Youth club exp's Nursery Supplies Motor exp., repairs & travel Other Fixtures and fittings Governance costs Accountancy and legal fees Carried forward |
5.4.21 £ 129,261 19,896 77,661 38,737 265,555 41,105 14 41,119 10,000 8,164 18,164 324,838 98,295 3,341 1,475 31,893 9,193 5,682 8,311 6,733 1,279 11,074 17,173 5,025 14,657 214,131 3,914 2,174 2,174 |
5.4.20 £ 98,611 18,539 60,237 46,746 |
|---|---|---|
| 224,133 57,076 20 |
||
| 57,096 - - |
||
| - | ||
| 281,229 99,397 716 1,272 24,406 10,223 7,307 12,903 6,905 3,663 4,519 14,557 8,963 23,933 |
||
| 218,764 5,215 4,020 4,020 |
This page does not form part of the statutory financial statements
Page 10
The Apostolic Church
Detailed Statement of Financial Activities for the Year Ended 5 April 2021
| Detailed Statement of Financial Activities for the Year Ended 5 April 2021 |
||
|---|---|---|
| Governance costs Brought forward Hire purchase Total resources expended Net income |
5.4.21 £ 2,174 422 2,596 220,641 104,197 |
5.4.20 £ 4,020 407 |
| 4,427 | ||
| 228,406 | ||
| 52,823 |
This page does not form part of the statutory financial statements
Page 11