## **Apostolic Church of Liverpool Board of Trustees**
## **16 March 2023**
## **2021-2022 AGENDA**
## **Attendees Via Zoom: Rev. John Hemus, Rev. Thomas Suey, Rev. Chris Sowards, Sherri Hemus**
Meeting opened at 6:44 pm Tom Suey opened in prayer
## **1. Continued to work around Covid**
TS: When did your church return after lock down?
JH:We returned 5 July 2020 but then continued with the spacing, fresh air, antibacterial, etc. We have continued to offer service online for those who cannot gather at the church.
## **2. Church**
58 Water Baptisms 48 Holy Spirit
JH: We have continued to outreach and draw individuals to Jesus
JH: We had our first All Nations in September 2021 with 150 attending. David Wright preached this service.
JH: We handed out 70+ hampers to needy families at Christmas with our annual Christmas Hamper Giving.
## **3. Daughter Works**
JH: Wirral is based across the Mersey River and has been meeting for 5 years.
We leased a flat in London for 18 mo and have about 14 people that are part of the group and they either came to the flat and/or joined online.
Crosby future: We have two professional women in the Crosby area that are extremely willing to work on this area becoming a future preaching point along with a family. Currently, there are prayer walks taking place there and bible studies.
## **4. Maggie’s Meals:**
JH: We have renamed our Food Pantry and and we hold it weekly on Friday and is for those whose money cannot make it to the end of the month. We feed 25-30 families a week. There is always a high demand for help with food.
## **5. Maggie O’Neill Community Resource Centre Name Change**
JH: We are going to change the name of the community resource centre to something including business and training.
## **6. Campus Ministry paused due to Covid restrictions**
JH: Had a very good campus ministry that the university shut down at Covid and it remained shut down until this year.
## **7. Unity Childcare:**
JH: The nursery has been separated from the charity and is now registered with companies house.
## **8. Latino Group:**
JH: We have had a number of families arrive from Spain that are originally from Central and South America. We have a young lady that attends church that speaks English, Dutch and Spanish and she has been interpreting for those that do not speak English.
## **9. Aim Couple:**
JH: We had a young couple, Luke and Shelley LeSuer, from the Libby’s Church in Maryland, come for four months. ACOL loved them and they enjoyed their time with us. They were also able to see many areas in the UK and attend the national youth conference.
TS motioned to close meeting. CS seconded motion to close meeting. Meeting ended at 7:05 pm
**REGI��ERED CHARI�� N�MBER: 1102507**
Report of the Tr�stees and Una�dited Financial Statements for the Year Ended 5 April 2022 for
The Apostolic Ch�rch
GR Ta�lor & Co Acco�ntants 54-56 Ormskirk Street ST HELENS Merse�side WA10 2TF
The Apostolic Ch�rch
Contents of the Financial Statements for the Year Ended 5 April 2022
|||Page||
|---|---|---|---|
|Report of the Tr�stees||1||
|Independent E�aminer's Report||2||
|Statement of Financial Acti�ities||3||
|Balance Sheet||4||
|Notes to the Financial Statements|5|to|10|
|Detailed Statement of Financial Acti�ities|11|to|12|
## The Apostolic Ch�rch
Report of the Tr�stees for the Year Ended 5 April 2022
The tr�stees present their report �ith the financial statements of the charit�for the �ear ended 5 April 2022. The tr�stees ha�e adopted the pro�isions of Acco�nting and Reporting b�Charities: Statement of Recommended Practice applicable to charities preparing their acco�nts in accordance �ith the Financial Reporting Standard applicable in the UK and Rep�blic of Ireland (FRS 102) (effecti�e 1 Jan�ar� 2019).
## **��R�C��RE, GO�ERNANCE AND MANAGEMEN� G�������� ��������**
The charit� is controlled b� its go�erning doc�ment, a deed of tr�st and constit�tes an �nincorporated charit�.
## **REFERENCE AND ADMINI��RA�I�E DE�AIL� R��������� C������ ������**
1102507
## **P�������� �������**
The Apostolic Ch�rch of Great Britain 433 Li�erpool Road H��ton Merse�side L36 8HT
## **��������**
Pastor J Hem�s Mrs S Hem�s Re� T S�e� Re� C So�ards
## **I���������� E�������**
GR Ta�lor & Co Acco�ntants 54-56 Ormskirk Street ST HELENS Merse�side WA10 2TF
Appro�ed b� order of the board of tr�stees on ............................................. and signed on its behalf b�:
.......................................................................... Pastor J Hem�s - Tr�stee
Page 1
## Independent E�aminer's Report to the Tr�stees of The Apostolic Ch�rch
## **I���������� ��������'� ������ �� ��� �������� �� ��� A�������� C�����**
I report to the charit�tr�stees on m�e�amination of the acco�nts of The Apostolic Ch�rch (the Tr�st) for the �ear ended 5 April 2022.
## **R��������������� ��� ����� �� ������**
As the charit�tr�stees of the Tr�st �o�are responsible for the preparation of the acco�nts in accordance �ith the req�irements of the Charities Act 2011 ('the Act').
I report in respect of m�e�amination of the Tr�st's acco�nts carried o�t �nder Section 145 of the Act and in carr�ing o�t m� e�amination I ha�e follo�ed all applicable Directions gi�en b� the Charit� Commission �nder Section 145(5)(b) of the Act.
## **I���������� ��������'� ���������**
Since �o�r charit�'s gross income e�ceeded �250,000 �o�r e�aminer m�st be a member of a listed bod�. I can confirm that I am q�alified to �ndertake the e�amination beca�se I am a registered member of _ �hich is one of the listed bodies.
I ha�e completed m�e�amination. I confirm that no material matters ha�e come to m�attention in connection �ith the e�amination gi�ing me ca�se to belie�e that in an� material respect:
1. acco�nting records �ere not kept in respect of the Tr�st as req�ired b� Section 130 of the Act; or
2. the acco�nts do not accord �ith those records; or
3. the acco�nts do not compl��ith the applicable req�irements concerning the form and content of acco�nts set o�t in the Charities (Acco�nts and Reports) Reg�lations 2008 other than an�req�irement that the acco�nts gi�e a tr�e and fair �ie� �hich is not a matter considered as part of an independent e�amination.
I ha�e no concerns and ha�e come across no other matters in connection �ith the e�amination to �hich attention sho�ld be dra�n in this report in order to enable a proper �nderstanding of the acco�nts to be reached.
Sarah Nichols FCCA GR Ta�lor & Co Acco�ntants 54-56 Ormskirk Street ST HELENS Merse�side WA10 2TF
Date: .............................................
Page 2
## The Apostolic Ch�rch
## Statement of Financial Acti�ities for the Year Ended 5 April 2022
|Unrestricted
f�nd
Notes
�
**INCOME AND ENDO�MEN�� FROM**
Donations and legacies
396,315
In�estment income
2
49,313
Other income
-
**�����**
445,628
**E�PENDI��RE ON**
Raising f�nds
364,169
**NE� INCOME**
81,459
**RECONCILIA�ION OF F�ND�**
Total f�nds bro�ght for�ard
734,961
**�O�AL F�ND� CARRIED FOR�ARD**
816,420|Restricted
f�nd
�
-
-
-
-
-
-
-
-|5.4.22
Total
f�nds
�
396,315
49,313
-
445,628
364,169
81,459
734,961
816,420|5.4.21
Total
f�nds
�
265,555
41,119
18,164
324,838
220,641
104,197
630,764
734,961|
|---|---|---|---|
The notes form part of these financial statements
Page 3
## The Apostolic Ch�rch
Balance Sheet 5 April 2022
|Notes
**FI�ED A��E��**
Tangible assets
5
**C�RREN� A��E��**
Cash at bank
**CREDI�OR�**
Amo�nts falling d�e �ithin one �ear
6
**NE� C�RREN� A��E��**
**�O�AL A��E�� LE�� C�RREN�**
**LIABILI�IE�**
**CREDI�OR�**
Amo�nts falling d�e after more than one �ear
7
**NE� A��E��**
**F�ND�**
10
Unrestricted f�nds
**�O�AL F�ND�**|Unrestricted
f�nd
�
529,019
318,045
(29,856)
288,189
817,208
(788)
816,420|Restricted
f�nd
�
-
-
-
-
-
-
-|5.4.22
Total
f�nds
�
529,019
318,045
(29,856)
288,189
817,208
(788)
816,420
816,420
816,420|5.4.21
Total
f�nds
�
531,953
239,969
(33,960)
206,009
737,962
(3,001)
734,961
734,961
734,961|
|---|---|---|---|---|
The financial statements �ere appro�ed b�the Board of Tr�stees and a�thorised for iss�e on ............................................. and �ere signed on its behalf b�:
............................................. Pastor J Hem�s - Tr�stee
The notes form part of these financial statements
Page 4
The Apostolic Ch�rch
Notes to the Financial Statements for the Year Ended 5 April 2022
## **1. ACCO�N�ING POLICIE�**
## **B���� �� ��������� ��� ��������� ����������**
The financial statements of the charit�, �hich is a p�blic benefit entit��nder FRS 102, ha�e been prepared in accordance �ith the Charities SORP (FRS 102) 'Acco�nting and Reporting b�Charities: Statement of Recommended Practice applicable to charities preparing their acco�nts in accordance �ith the Financial Reporting Standard applicable in the UK and Rep�blic of Ireland (FRS 102) (effecti�e 1 Jan�ar�2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Rep�blic of Ireland' and the Charities Act 2011. The financial statements ha�e been prepared �nder the historical cost con�ention.
## **I�����**
All income is recognised in the Statement of Financial Acti�ities once the charit�has entitlement to the f�nds, it is probable that the income �ill be recei�ed and the amo�nt can be meas�red reliabl�.
## **E����������**
Liabilities are recognised as e�pendit�re as soon as there is a legal or constr�cti�e obligation committing the charit� to that e�pendit�re, it is probable that a transfer of economic benefits �ill be req�ired in settlement and the amo�nt of the obligation can be meas�red reliabl�. E�pendit�re is acco�nted for on an accr�als basis and has been classified �nder headings that aggregate all cost related to the categor�. Where costs cannot be directl�attrib�ted to partic�lar headings the� ha�e been allocated to acti�ities on a basis consistent �ith the �se of reso�rces.
## **�������� ����� ������**
Depreciation is pro�ided at the follo�ing ann�al rates in order to �rite off each asset o�er its estimated �sef�l life.
Ch�rch - in accordance �ith the propert� Eq�ipment - 25% on red�cing balance
## **��������**
The charit� is e�empt from ta� on its charitable acti�ities.
## **F��� ����������**
Unrestricted f�nds can be �sed in accordance �ith the charitable objecti�es at the discretion of the tr�stees.
Restricted f�nds can onl�be �sed for partic�lar restricted p�rposes �ithin the objects of the charit�. Restrictions arise �hen specified b� the donor or �hen f�nds are raised for partic�lar restricted p�rposes.
F�rther e�planation of the nat�re and p�rpose of each f�nd is incl�ded in the notes to the financial statements.
## **H��� �������� ��� ������� �����������**
The interest element of these obligations is charged to the Statement of Financial Acti�ities o�er the rele�ant period. The capital element of the f�t�re pa�ments is treated as a liabilit�.
Rentals paid �nder operating leases are charged to the Statement of Financial Acti�ities on a straight line basis o�er the period of the lease.
## **P������ ����� ��� ����� ����-���������� ��������**
The charit�operates a defined contrib�tion pension scheme. Contrib�tions pa�able to the charit�'s pension scheme are charged to the Statement of Financial Acti�ities in the period to �hich the� relate.
contin�ed...
Page 5
## The Apostolic Ch�rch
Notes to the Financial Statements - contin�ed for the Year Ended 5 April 2022
## **2. IN�E��MEN� INCOME**
|Rents recei�ed
Deposit acco�nt interest|5.4.22
�
49,310
3
49,313|5.4.21
�
41,105
14
41,119|
|---|---|---|
## **3. �R���EE�' REM�NERA�ION AND BENEFI��**
## **��������' ��������**
There �ere no tr�stees' e�penses paid for the �ear ended 5 April 2022 nor for the �ear ended 5 April 2021.
## **4. COMPARA�I�E� FOR �HE ��A�EMEN� OF FINANCIAL AC�I�I�IE�**
|Unrestricted
f�nd
�
**INCOME AND ENDO�MEN�� FROM**
Donations and legacies
265,555
In�estment income
41,119
Other income
18,164
**�����**
324,838
**E�PENDI��RE ON**
Raising f�nds
220,641
**NE� INCOME**
104,197
**RECONCILIA�ION OF F�ND�**
Total f�nds bro�ght for�ard
630,764
**�O�AL F�ND� CARRIED FOR�ARD**
734,961|Restricted
f�nd
�
-
-
-
-
-
-
-
-|Total
f�nds
�
265,555
41,119
18,164
324,838
220,641
104,197
630,764
734,961|
|---|---|---|
contin�ed...
Page 6
## The Apostolic Ch�rch
|Notes to the Financial Statements-contin�ed
for the Year Ended 5 April 2022
**5.**
**�ANGIBLE FI�ED A��E��**
Ch�rch
�
**CO��**
At 6 April 2021 and 5 April 2022
504,937
**DEPRECIA�ION**
At 6 April 2021
-
Charge for �ear
-
At 5 April 2022
-
**NE� BOOK �AL�E**
At 5 April 2022
504,937
At 5 April 2021
504,937
**6.**
**CREDI�OR�: AMO�N�� FALLING D�E �I�HIN ONE �EAR**
Ta�ation and social sec�rit�
Other creditors
**7.**
**CREDI�OR�: AMO�N�� FALLING D�E AF�ER MORE �HAN ONE �EAR**
Hire p�rchase (see note 9)
**8.**
**LOAN�**
An anal�sis of the mat�rit� of loans is gi�en belo�:
Amo�nts falling d�e �ithin one �ear on demand:
Other loans|Eq�ipment
�
44,278
17,262
2,934
20,196
24,082
27,016
5.4.22
�
1,779
28,077
29,856
5.4.22
�
788
5.4.22
�
26,401|Totals
�
549,215
17,262
2,934
20,196
529,019
531,953
5.4.21
�
978
32,982
33,960
5.4.21
�
3,001
5.4.21
�
30,401|
|---|---|---|
contin�ed...
Page 7
## The Apostolic Ch�rch
Notes to the Financial Statements - contin�ed for the Year Ended 5 April 2022
## **9. LEA�ING AGREEMEN��**
Minim�m lease pa�ments �nder hire p�rchase fall d�e as follo�s:
|Net obligations repa�able:
Bet�een one and fi�e �ears
**10.**
**MO�EMEN� IN F�ND�**
**������������ �����**
General f�nd
**�O�AL F�ND�**
Net mo�ement in f�nds, incl�ded in the abo�e are as follo�s:
**������������ �����**
General f�nd
**�O�AL F�ND�**
**C����������� ��� �������� �� �����**
**������������ �����**
General f�nd
**�O�AL F�ND�**|At 6.4.21
�
734,961
734,961
Incoming
reso�rces
�
445,628
445,628
At 6.4.20
�
630,764
630,764|5.4.22
5.4.21
�
�
788
3,001
Net
mo�ement
At
in f�nds
5.4.22
�
�
81,459
816,420
81,459
816,420
Reso�rces
Mo�ement
e�pended
in f�nds
�
�
(364,169)
81,459
(364,169)
81,459
Net
mo�ement
At
in f�nds
5.4.21
�
�
104,197
734,961
104,197
734,961|
|---|---|---|
contin�ed...
Page 8
## The Apostolic Ch�rch
## Notes to the Financial Statements - contin�ed for the Year Ended 5 April 2022
## **10. MO�EMEN� IN F�ND� - ���������**
Comparati�e net mo�ement in f�nds, incl�ded in the abo�e are as follo�s:
|**������������ �����**
General f�nd
**�O�AL F�ND�**|Incoming
reso�rces
�
324,838
324,838|Reso�rces
Mo�ement
e�pended
in f�nds
�
�
(220,641)
104,197
(220,641)
104,197|
|---|---|---|
A c�rrent �ear 12 months and prior �ear 12 months combined position is as follo�s:
|**������������ �����**
General f�nd
**�O�AL F�ND�**|At 6.4.20
�
630,764
630,764|Net
mo�ement
in f�nds
�
185,656
185,656|At
5.4.22
�
816,420
816,420|
|---|---|---|---|
A c�rrent �ear 12 months and prior �ear 12 months combined net mo�ement in f�nds, incl�ded in the abo�e are as follo�s:
|**������������ �����**
General f�nd
**�O�AL F�ND�**|Incoming
reso�rces
�
770,466
770,466|Reso�rces
Mo�ement
e�pended
in f�nds
�
�
(584,810)
185,656
(584,810)
185,656|
|---|---|---|
contin�ed...
Page 9
## The Apostolic Ch�rch
Notes to the Financial Statements - contin�ed for the Year Ended 5 April 2022
## **11. RELA�ED PAR�� DI�CLO��RE�**
There �ere no related part� transactions for the �ear ended 5 April 2022.
Page 10
## The Apostolic Ch�rch
Detailed Statement of Financial Acti�ities for the Year Ended 5 April 2022
|5.4.22
�
**INCOME AND ENDO�MEN��**
**D�������� ��� ��������**
Congregation
146,375
Other income
28,637
Grants
122,243
N�rser� admissions
99,060
396,315
**I��������� ������**
Rents recei�ed
49,310
Deposit acco�nt interest
3
49,313
**O���� ������**
Go�ernment grants
-
F�rlo�gh
-
-
**����� �������� ���������**
445,628
**E�PENDI��RE**
**������� �����**
**M���������**
Staff costs
167,907
Pensions
5,559
Sec�rit�
378
Repairs & Maintenance
31,199
UPC GB & I
7,452
Ins�rance
4,435
Rent, Rates, Heat & Light
36,323
Telephone
5,588
Post, Stat & Ad�ertising
7,445
Conferences & Promotions
9,881
S�ndr� and Yo�th cl�b e�p's
21,167
N�rser� S�pplies
11,222
Motor e�p., repairs & tra�el
43,640
Waste remo�al costs
3,758
355,954|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|
|---|---|
This page does not form part of the stat�tor� financial statements
Page 11
## The Apostolic Ch�rch
|Detailed Statement of Financial Acti�ities
for the Year Ended 5 April 2022
5.4.22
�
**M���������**
**O����**
Fi�t�res and fittings
2,934
**G��������� �����**
Acco�ntanc� and legal fees
5,084
Hire p�rchase
197
5,281
Total reso�rces e�pended
364,169
**N�� ������**
81,459|5.4.21
�
3,914
2,174
422
2,596
220,641
104,197|
|---|---|
This page does not form part of the stat�tor� financial statements
Page 12
**REGI��ERED CHARI�� N�MBER: 1102507**
Report of the Tr�stees and Una�dited Financial Statements for the Year Ended 5 April 2022 for
The Apostolic Ch�rch
GR Ta�lor & Co Acco�ntants 54-56 Ormskirk Street ST HELENS Merse�side WA10 2TF
The Apostolic Ch�rch
Contents of the Financial Statements for the Year Ended 5 April 2022
|||Page||
|---|---|---|---|
|Report of the Tr�stees||1||
|Independent E�aminer's Report||2||
|Statement of Financial Acti�ities||3||
|Balance Sheet||4||
|Notes to the Financial Statements|5|to|10|
|Detailed Statement of Financial Acti�ities|11|to|12|
## The Apostolic Ch�rch
Report of the Tr�stees for the Year Ended 5 April 2022
The tr�stees present their report �ith the financial statements of the charit�for the �ear ended 5 April 2022. The tr�stees ha�e adopted the pro�isions of Acco�nting and Reporting b�Charities: Statement of Recommended Practice applicable to charities preparing their acco�nts in accordance �ith the Financial Reporting Standard applicable in the UK and Rep�blic of Ireland (FRS 102) (effecti�e 1 Jan�ar� 2019).
## **��R�C��RE, GO�ERNANCE AND MANAGEMEN� G�������� ��������**
The charit� is controlled b� its go�erning doc�ment, a deed of tr�st and constit�tes an �nincorporated charit�.
## **REFERENCE AND ADMINI��RA�I�E DE�AIL� R��������� C������ ������**
1102507
## **P�������� �������**
The Apostolic Ch�rch of Great Britain 433 Li�erpool Road H��ton Merse�side L36 8HT
## **��������**
Pastor J Hem�s Mrs S Hem�s Re� T S�e� Re� C So�ards
## **I���������� E�������**
GR Ta�lor & Co Acco�ntants 54-56 Ormskirk Street ST HELENS Merse�side WA10 2TF
Appro�ed b� order of the board of tr�stees on ............................................. and signed on its behalf b�:
.......................................................................... Pastor J Hem�s - Tr�stee
Page 1
## Independent E�aminer's Report to the Tr�stees of The Apostolic Ch�rch
## **I���������� ��������'� ������ �� ��� �������� �� ��� A�������� C�����**
I report to the charit�tr�stees on m�e�amination of the acco�nts of The Apostolic Ch�rch (the Tr�st) for the �ear ended 5 April 2022.
## **R��������������� ��� ����� �� ������**
As the charit�tr�stees of the Tr�st �o�are responsible for the preparation of the acco�nts in accordance �ith the req�irements of the Charities Act 2011 ('the Act').
I report in respect of m�e�amination of the Tr�st's acco�nts carried o�t �nder Section 145 of the Act and in carr�ing o�t m� e�amination I ha�e follo�ed all applicable Directions gi�en b� the Charit� Commission �nder Section 145(5)(b) of the Act.
## **I���������� ��������'� ���������**
Since �o�r charit�'s gross income e�ceeded �250,000 �o�r e�aminer m�st be a member of a listed bod�. I can confirm that I am q�alified to �ndertake the e�amination beca�se I am a registered member of _ �hich is one of the listed bodies.
I ha�e completed m�e�amination. I confirm that no material matters ha�e come to m�attention in connection �ith the e�amination gi�ing me ca�se to belie�e that in an� material respect:
1. acco�nting records �ere not kept in respect of the Tr�st as req�ired b� Section 130 of the Act; or
2. the acco�nts do not accord �ith those records; or
3. the acco�nts do not compl��ith the applicable req�irements concerning the form and content of acco�nts set o�t in the Charities (Acco�nts and Reports) Reg�lations 2008 other than an�req�irement that the acco�nts gi�e a tr�e and fair �ie� �hich is not a matter considered as part of an independent e�amination.
I ha�e no concerns and ha�e come across no other matters in connection �ith the e�amination to �hich attention sho�ld be dra�n in this report in order to enable a proper �nderstanding of the acco�nts to be reached.
Sarah Nichols FCCA GR Ta�lor & Co Acco�ntants 54-56 Ormskirk Street ST HELENS Merse�side WA10 2TF
Date: .............................................
Page 2
## The Apostolic Ch�rch
## Statement of Financial Acti�ities for the Year Ended 5 April 2022
|Unrestricted
f�nd
Notes
�
**INCOME AND ENDO�MEN�� FROM**
Donations and legacies
396,315
In�estment income
2
49,313
Other income
-
**�����**
445,628
**E�PENDI��RE ON**
Raising f�nds
364,169
**NE� INCOME**
81,459
**RECONCILIA�ION OF F�ND�**
Total f�nds bro�ght for�ard
734,961
**�O�AL F�ND� CARRIED FOR�ARD**
816,420|Restricted
f�nd
�
-
-
-
-
-
-
-
-|5.4.22
Total
f�nds
�
396,315
49,313
-
445,628
364,169
81,459
734,961
816,420|5.4.21
Total
f�nds
�
265,555
41,119
18,164
324,838
220,641
104,197
630,764
734,961|
|---|---|---|---|
The notes form part of these financial statements
Page 3
## The Apostolic Ch�rch
Balance Sheet 5 April 2022
|Notes
**FI�ED A��E��**
Tangible assets
5
**C�RREN� A��E��**
Cash at bank
**CREDI�OR�**
Amo�nts falling d�e �ithin one �ear
6
**NE� C�RREN� A��E��**
**�O�AL A��E�� LE�� C�RREN�**
**LIABILI�IE�**
**CREDI�OR�**
Amo�nts falling d�e after more than one �ear
7
**NE� A��E��**
**F�ND�**
10
Unrestricted f�nds
**�O�AL F�ND�**|Unrestricted
f�nd
�
529,019
318,045
(29,856)
288,189
817,208
(788)
816,420|Restricted
f�nd
�
-
-
-
-
-
-
-|5.4.22
Total
f�nds
�
529,019
318,045
(29,856)
288,189
817,208
(788)
816,420
816,420
816,420|5.4.21
Total
f�nds
�
531,953
239,969
(33,960)
206,009
737,962
(3,001)
734,961
734,961
734,961|
|---|---|---|---|---|
The financial statements �ere appro�ed b�the Board of Tr�stees and a�thorised for iss�e on ............................................. and �ere signed on its behalf b�:
............................................. Pastor J Hem�s - Tr�stee
The notes form part of these financial statements
Page 4
The Apostolic Ch�rch
Notes to the Financial Statements for the Year Ended 5 April 2022
## **1. ACCO�N�ING POLICIE�**
## **B���� �� ��������� ��� ��������� ����������**
The financial statements of the charit�, �hich is a p�blic benefit entit��nder FRS 102, ha�e been prepared in accordance �ith the Charities SORP (FRS 102) 'Acco�nting and Reporting b�Charities: Statement of Recommended Practice applicable to charities preparing their acco�nts in accordance �ith the Financial Reporting Standard applicable in the UK and Rep�blic of Ireland (FRS 102) (effecti�e 1 Jan�ar�2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Rep�blic of Ireland' and the Charities Act 2011. The financial statements ha�e been prepared �nder the historical cost con�ention.
## **I�����**
All income is recognised in the Statement of Financial Acti�ities once the charit�has entitlement to the f�nds, it is probable that the income �ill be recei�ed and the amo�nt can be meas�red reliabl�.
## **E����������**
Liabilities are recognised as e�pendit�re as soon as there is a legal or constr�cti�e obligation committing the charit� to that e�pendit�re, it is probable that a transfer of economic benefits �ill be req�ired in settlement and the amo�nt of the obligation can be meas�red reliabl�. E�pendit�re is acco�nted for on an accr�als basis and has been classified �nder headings that aggregate all cost related to the categor�. Where costs cannot be directl�attrib�ted to partic�lar headings the� ha�e been allocated to acti�ities on a basis consistent �ith the �se of reso�rces.
## **�������� ����� ������**
Depreciation is pro�ided at the follo�ing ann�al rates in order to �rite off each asset o�er its estimated �sef�l life.
Ch�rch - in accordance �ith the propert� Eq�ipment - 25% on red�cing balance
## **��������**
The charit� is e�empt from ta� on its charitable acti�ities.
## **F��� ����������**
Unrestricted f�nds can be �sed in accordance �ith the charitable objecti�es at the discretion of the tr�stees.
Restricted f�nds can onl�be �sed for partic�lar restricted p�rposes �ithin the objects of the charit�. Restrictions arise �hen specified b� the donor or �hen f�nds are raised for partic�lar restricted p�rposes.
F�rther e�planation of the nat�re and p�rpose of each f�nd is incl�ded in the notes to the financial statements.
## **H��� �������� ��� ������� �����������**
The interest element of these obligations is charged to the Statement of Financial Acti�ities o�er the rele�ant period. The capital element of the f�t�re pa�ments is treated as a liabilit�.
Rentals paid �nder operating leases are charged to the Statement of Financial Acti�ities on a straight line basis o�er the period of the lease.
## **P������ ����� ��� ����� ����-���������� ��������**
The charit�operates a defined contrib�tion pension scheme. Contrib�tions pa�able to the charit�'s pension scheme are charged to the Statement of Financial Acti�ities in the period to �hich the� relate.
contin�ed...
Page 5
## The Apostolic Ch�rch
Notes to the Financial Statements - contin�ed for the Year Ended 5 April 2022
## **2. IN�E��MEN� INCOME**
|Rents recei�ed
Deposit acco�nt interest|5.4.22
�
49,310
3
49,313|5.4.21
�
41,105
14
41,119|
|---|---|---|
## **3. �R���EE�' REM�NERA�ION AND BENEFI��**
## **��������' ��������**
There �ere no tr�stees' e�penses paid for the �ear ended 5 April 2022 nor for the �ear ended 5 April 2021.
## **4. COMPARA�I�E� FOR �HE ��A�EMEN� OF FINANCIAL AC�I�I�IE�**
|Unrestricted
f�nd
�
**INCOME AND ENDO�MEN�� FROM**
Donations and legacies
265,555
In�estment income
41,119
Other income
18,164
**�����**
324,838
**E�PENDI��RE ON**
Raising f�nds
220,641
**NE� INCOME**
104,197
**RECONCILIA�ION OF F�ND�**
Total f�nds bro�ght for�ard
630,764
**�O�AL F�ND� CARRIED FOR�ARD**
734,961|Restricted
f�nd
�
-
-
-
-
-
-
-
-|Total
f�nds
�
265,555
41,119
18,164
324,838
220,641
104,197
630,764
734,961|
|---|---|---|
contin�ed...
Page 6
## The Apostolic Ch�rch
|Notes to the Financial Statements-contin�ed
for the Year Ended 5 April 2022
**5.**
**�ANGIBLE FI�ED A��E��**
Ch�rch
�
**CO��**
At 6 April 2021 and 5 April 2022
504,937
**DEPRECIA�ION**
At 6 April 2021
-
Charge for �ear
-
At 5 April 2022
-
**NE� BOOK �AL�E**
At 5 April 2022
504,937
At 5 April 2021
504,937
**6.**
**CREDI�OR�: AMO�N�� FALLING D�E �I�HIN ONE �EAR**
Ta�ation and social sec�rit�
Other creditors
**7.**
**CREDI�OR�: AMO�N�� FALLING D�E AF�ER MORE �HAN ONE �EAR**
Hire p�rchase (see note 9)
**8.**
**LOAN�**
An anal�sis of the mat�rit� of loans is gi�en belo�:
Amo�nts falling d�e �ithin one �ear on demand:
Other loans|Eq�ipment
�
44,278
17,262
2,934
20,196
24,082
27,016
5.4.22
�
1,779
28,077
29,856
5.4.22
�
788
5.4.22
�
26,401|Totals
�
549,215
17,262
2,934
20,196
529,019
531,953
5.4.21
�
978
32,982
33,960
5.4.21
�
3,001
5.4.21
�
30,401|
|---|---|---|
contin�ed...
Page 7
## The Apostolic Ch�rch
Notes to the Financial Statements - contin�ed for the Year Ended 5 April 2022
## **9. LEA�ING AGREEMEN��**
Minim�m lease pa�ments �nder hire p�rchase fall d�e as follo�s:
|Net obligations repa�able:
Bet�een one and fi�e �ears
**10.**
**MO�EMEN� IN F�ND�**
**������������ �����**
General f�nd
**�O�AL F�ND�**
Net mo�ement in f�nds, incl�ded in the abo�e are as follo�s:
**������������ �����**
General f�nd
**�O�AL F�ND�**
**C����������� ��� �������� �� �����**
**������������ �����**
General f�nd
**�O�AL F�ND�**|At 6.4.21
�
734,961
734,961
Incoming
reso�rces
�
445,628
445,628
At 6.4.20
�
630,764
630,764|5.4.22
5.4.21
�
�
788
3,001
Net
mo�ement
At
in f�nds
5.4.22
�
�
81,459
816,420
81,459
816,420
Reso�rces
Mo�ement
e�pended
in f�nds
�
�
(364,169)
81,459
(364,169)
81,459
Net
mo�ement
At
in f�nds
5.4.21
�
�
104,197
734,961
104,197
734,961|
|---|---|---|
contin�ed...
Page 8
## The Apostolic Ch�rch
## Notes to the Financial Statements - contin�ed for the Year Ended 5 April 2022
## **10. MO�EMEN� IN F�ND� - ���������**
Comparati�e net mo�ement in f�nds, incl�ded in the abo�e are as follo�s:
|**������������ �����**
General f�nd
**�O�AL F�ND�**|Incoming
reso�rces
�
324,838
324,838|Reso�rces
Mo�ement
e�pended
in f�nds
�
�
(220,641)
104,197
(220,641)
104,197|
|---|---|---|
A c�rrent �ear 12 months and prior �ear 12 months combined position is as follo�s:
|**������������ �����**
General f�nd
**�O�AL F�ND�**|At 6.4.20
�
630,764
630,764|Net
mo�ement
in f�nds
�
185,656
185,656|At
5.4.22
�
816,420
816,420|
|---|---|---|---|
A c�rrent �ear 12 months and prior �ear 12 months combined net mo�ement in f�nds, incl�ded in the abo�e are as follo�s:
|**������������ �����**
General f�nd
**�O�AL F�ND�**|Incoming
reso�rces
�
770,466
770,466|Reso�rces
Mo�ement
e�pended
in f�nds
�
�
(584,810)
185,656
(584,810)
185,656|
|---|---|---|
contin�ed...
Page 9
## The Apostolic Ch�rch
Notes to the Financial Statements - contin�ed for the Year Ended 5 April 2022
## **11. RELA�ED PAR�� DI�CLO��RE�**
There �ere no related part� transactions for the �ear ended 5 April 2022.
Page 10
## The Apostolic Ch�rch
Detailed Statement of Financial Acti�ities for the Year Ended 5 April 2022
|5.4.22
�
**INCOME AND ENDO�MEN��**
**D�������� ��� ��������**
Congregation
146,375
Other income
28,637
Grants
122,243
N�rser� admissions
99,060
396,315
**I��������� ������**
Rents recei�ed
49,310
Deposit acco�nt interest
3
49,313
**O���� ������**
Go�ernment grants
-
F�rlo�gh
-
-
**����� �������� ���������**
445,628
**E�PENDI��RE**
**������� �����**
**M���������**
Staff costs
167,907
Pensions
5,559
Sec�rit�
378
Repairs & Maintenance
31,199
UPC GB & I
7,452
Ins�rance
4,435
Rent, Rates, Heat & Light
36,323
Telephone
5,588
Post, Stat & Ad�ertising
7,445
Conferences & Promotions
9,881
S�ndr� and Yo�th cl�b e�p's
21,167
N�rser� S�pplies
11,222
Motor e�p., repairs & tra�el
43,640
Waste remo�al costs
3,758
355,954|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|
|---|---|
This page does not form part of the stat�tor� financial statements
Page 11
## The Apostolic Ch�rch
|Detailed Statement of Financial Acti�ities
for the Year Ended 5 April 2022
5.4.22
�
**M���������**
**O����**
Fi�t�res and fittings
2,934
**G��������� �����**
Acco�ntanc� and legal fees
5,084
Hire p�rchase
197
5,281
Total reso�rces e�pended
364,169
**N�� ������**
81,459|5.4.21
�
3,914
2,174
422
2,596
220,641
104,197|
|---|---|
This page does not form part of the stat�tor� financial statements
Page 12