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:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. 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:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. 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