REGISTERED COMPANY NUMBER: 05420748 (England and Wales) REGISTERED CHARITY NUMBER: 1116896
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024 FOR HACKNEY PENTECOSTAL APOSTOLIC CHURCH (A COMPANY LIMITED BY GUARANTEE)
HACKNEY PENTECOSTAL APOSTOLIC CHURCH
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Independent Examiner’s Report | 3 |
| Statement of Financial Activities | 4 |
| Statement of Financial Position | 5 to 6 |
| Notes to the Financial Statements | 7 to 11 |
| Detailed Statement of Financial Activities | 12 |
HACKNEY PENTECOSTAL APOSTOLIC CHURCH
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2024. 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objective is to advance the Christian religion for the benefit of the public in accordance with Apostolic Doctrine (encompassing the teachings of the Old Testament) as given to the Apostles by Our Lord and Saviour Jesus Christ.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Company number 05420748 (England and Wales)
Registered Charity number
1116896
Registered office
27 Middleton Road Hackney London E8 4BN
Trustees
Mrs M Douglas Mr H White Mrs S Pike Mr I Davies Mrs S D Dixon Mrs P A Pike Mr S Cameron
Company Secretary
Mr S Cameron
Page 1
HACKNEY PENTECOSTAL APOSTOUC CHURCH REPORT OF THE TRUSTEES- contlnued FOR THE YEAR ENDED 31 DECEMBER 2024 Independent Examlnei Crosby Enninful EBbenn Limlted 167-169 Great Portland Street, London WIW SPF Approved by order of the board of trustees on . . and sSgned on Its behalf bv: Mrs S D Dixon - Trustee Pale 2
INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF HACKNEY PENTECOSTAL APOSTOLIC CHURCH
Independent examiner's report to the trustees of Hackney Pentecostal Apostolic Church (“the
Company”) I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 December 2024.
Responsibilities and basis of report
As the charity's trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity's accounts as carried out under section 145 of the Charities Act 2011 (“the 2011 Act”). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner’s statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
-
accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the accounting requirements of section 396 of the 2006 Act, 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); or
-
the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice (SORP) for accounting and reporting by charities (applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)).
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.
Crosby Enninful Egbenn Limited 167-169 Great Portland Street, London W1W 5PF
Date: …………………………….. | 30 December 2025
Page 3
HACKNEY PENTECOSTAL APOSTOLIC CHURCH STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024
| Notes INCOME AND ENDOWMENTS FROM Donations and love offering Convocation contributions 2 Total EXPENDITURE ON Donations and love offering Depreciation Total NET INCOME/(EXPENDITURE) 3 RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
31.12.24 31.12.23 Unrestricted Restricted Total Total Funds Funds Funds Funds £ £ £ £ 66,084 - 66,084 60,089 17,295 - 17,295 14,579 |
|---|---|
| 83,379 - 83,379 74,668 69,468 - 69,468 63,847 16,819 - 16,819 19,906 |
|
| 86,287 - 86,287 83,753 |
|
| (2,908) - (2,908) (9,085) 95,680 - 95,680 104,765 |
|
| 92,772 - 95,680 95,680 |
The notes form part of the financial statements
Page 4
HACKNEY PENTECOSTAL APOSTOLIC CHURCH STATEMENT OF FINANCIAL POSITION FOR THE YEAR ENDED 31 DECEMBER 2024
| Notes FIXED ASSETS Tangible assets 6 CURRENT ASSETS Debtors 7 Prepayments and accrued income Cash at bank and in hand CREDITORS Amount failing due within one year 8 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS Unrestricted funds 9 TOTAL FUNDS |
31.12.24 31.12.23 Unrestricted Restricted Total Total Funds Funds Funds Funds £ £ £ £ 3,125,708 - 3,125,7083,141,414 2,138 - 2,138 2,537 3,678 - 3,678 2,774 38,238 - 38,238 27,616 |
|---|---|
| 44,054 - 44,0543,174,341 (6,990) - (6,990) (8,661) |
|
| 37,064 - 37,0643,165,680 |
|
| 3,162,772 - 3,162,7723,165,680 |
|
| 3,162,772 - 3,162,7723,165,680 |
|
| 3,162,772 - 3,162,7723,165,680 |
|
| 3,162,772 - 3,162,7723,165,680 |
Page 5
HACKNEY PENTECOSTAL APOSTOUC CHURCH STATEMEKf OF FINANCIAL POSITION FOR THE YEAR ENDED 31 DECEMBER 2024 The charltable company Is entitled to exemption from audlt under Section 477 of the Cornpanles Act 2(K16 for the year ended 31 December 2024. The members have not required the cornpany to obtain an audit of its financial statements for the year ended 31 De(ember 2024 In accordance with Sectlon 476 of the Companies Act 2(X6. The trustees acknowledge thelr responslbllltles for: (al ensuring that the charitable company keeps accounts records that comply with Sertlons 386 and 387 of the Companies Act 2LK)6; and (bl preparing financial statements which 8vrfe a true and falr vlew of the state of affairs of the tharltable company a5 at the erKI of each flnancial year and of its surplus or deficit for eKh financial vear In accordarKe wlth the requlrements of Sectlons 394 and 395 and whlch otherwlse comFAy wlth the requlrements of the Companies Act 2(M)6 relatww to financlal statements, so far as applicable to the charitable cornpany. These flnanclal statements have been prepared in accordarKe with the provisions appllcable to charltable companSes subjert to the small companie5, re8lme. I statiments were approved by the Board of Trustees and authorized for the issue and were signed on it5 behalf by: Mrs M Douglas- Trustee Mr S Cameron - Trustee Mr5 S D Dixon - Trustee The notes form part of these fifianclal statements Page 6
HACKNEY PENTECOSTAL APOSTOLIC CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charitable company, 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 Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Income
All income is recognized 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 recognized 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.
Freehold Property - 0% because building is considered to have use economic life of 100 years Improvements to property - 2% on cost Plant and machinery - 25% on reducing balance Fixtures and fittings - 25% on reducing balance Motor vehicles - 25% on cost
Taxation
The charity is exempt from corporation 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
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Page 7
HACKNEY PENTECOSTAL APOSTOLIC CHURCH NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
| 2. CONVOCATION CONTRIBUTIONS Convocation 3. NET INCOME/(EXPENDITURE) Net income/(expenditure) is stated after charging/ (crediting): |
31.12.24 31.12.23 £ £ 17,295 14,579 |
|---|---|
| (2,908) (9,085) |
4. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees’ remuneration or other benefits for the year ended 31 December 2023 nor for the year ended 31 December 2024.
Trustees’ expenses
There were no trustees' expenses paid for the year ended 31 December 2023 nor for the year ended 31 December 2024.
5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| INCOMES AND ENDOWMENTS FROM Donations and love offering Convocation contributions Total EXPENDITURE Donations and love offering Depreciation Total NET INCOME/(EXPENDITURE) RECONCIALITION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted Restricted Total Funds Funds Funds £ £ £ 66,084 - 66,084 17,295 - 17,295 |
|---|---|
| 83,379 - 83,379 69,468 - 69,468 16,819 - 16,819 |
|
| 86,287 - 86,287 |
|
(2,908) - (2,908) 95,680 - 95,680 |
|
| 92,772 - 92,772 |
Page 8
HACKNEY PENTECOSTAL APOSTOLIC CHURCH NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
6. TANGIBLE FIXED ASSETS
| Freehold Improvements Plant and Fixtures property to property Machinery and fittings £ £ £ £ COST At 1 Jan 2024 3,070,000 7,500 134,400 104,807 Additions - 852 261 Disposals - - - At 31 December 2024 3,070,000 7,500 135,252 105,068 DEPRECIATION At 1 Jan 2024 - 1,650 79,879 93,764 Charge for the year 150 13,843 2,826 At 31 December 2024 - 1,800 93,722 96,590 NET BOOK VALUE At 31 December 2023 3,070,000 5,850 54,521 11,043 At 31 December 2024 3,070,000 5,700 41,530 8,478 7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Loan to brethren 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Trade creditors Accrued expenses |
Freehold Improvements Plant and Fixtures property to property Machinery and fittings £ £ £ £ 3,070,000 7,500 134,400 104,807 - 852 261 - - - |
Motor Vehicles Totals £ £ 5,000 3,321,707 - 1,113 - - |
|---|---|---|
| 3,070,000 7,500 135,252 105,068 |
5,000 3,322,820 |
|
| - 1,650 79,879 93,764 150 13,843 2,826 |
5,000 180,293 - 16,819 |
|
| - 1,800 93,722 96,590 |
5,000 197,112 |
|
- 3,141,414 - 3,125,708 31.12.24 31.12.23 £ £ 2,138 2,537 |
||
| 31.12.24 31.12.23 £ £ 213 6,777 8,661 |
||
| 6,990 8,661 |
Page 9
HACKNEY PENTECOSTAL APOSTOLIC CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2024
9. MOVEMENT IN FUNDS
| 9. MOVEMENT IN FUNDS | Net movement | ||
| At 1.1.24 | in funds | 31.12.24 | |
| Unrestricted funds | £ | £ | £ |
| General fund | 95,680 | (2,908) | 92,772 |
| Freehold property | 3,070,000 | 3,070,000 | |
| TOTAL FUNDS | 3,165,680 | (2,908) | 3,162,772 |
| Net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| Unrestricted funds | £ | £ | £ |
| General fund | 83,379 | (86,287) | (2,908) |
| TOTAL FUNDS | 83,379 | (86,287) | (2,908) |
| Comparatives for movement in funds | Net movement | ||
| At 1.1.24 | in funds | 31.12.24 | |
| Unrestricted funds | £ | £ | £ |
| General fund | 95,680 | (2,908) | 92,772 |
| Freehold property | 3,070,000 | 3,070,000 | |
| TOTAL FUNDS | 3,165,680 | (2,908) | 3,162,772 |
| Comparative net movement in funds, included in the above are as follows: | |||
| Incoming | Resources | Movement | |
| resources | expended | in funds | |
| Unrestricted funds | £ | £ | £ |
| General fund | 74,668 | (83,753) | (9,085) |
| TOTAL FUNDS | 74,668 | (83,753) | (9,085) |
| A current year 12 months and prior year 9 months combined position is as | follows: | ||
| Net movement | |||
| At 1.4.23 | in funds | 31.3.24 | |
| Unrestricted funds | £ | £ | £ |
| General fund | 102,494 | (9,722) |
92,772 |
| Freehold property | 3,070,000 | ||
| TOTAL FUNDS | (9,722) | 92,772 |
Page 10
HACKNEY PENTECOSTAL APOSTOLIC CHURCH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
10. MEMBERS LIMITED LIABILITY
The liability of the members is limited.
Every member of the Company undertakes to contribute to the assets of the company in the event of the same being wound up during the time he or she is a member, or within one year afterwards, for the payment of the debts and liabilities of the Company contracted before the time at which he or she ceases to be a member, and of the costs, charges and expenses of winding up the same, and for the adjustments of the rights of the contributors amount themselves, such amount as may be required not exceeding £1.
Page 11
HACKNEY PENTECOSTAL APOSTOLIC CHURCH DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024
| INCOME AND ENDOWMENTS Donations and love offering Donations and love offering Convocation contributions Convocation Total incoming resources EXPENDITURE Raising donations and legacies Motor and travelling Rates and water Insurance Light and heat Telephone Postage and stationery Sundries Refuse Collection Building repairs and upkeep Events (Convocation) Bank charges and interest Depreciation Improvements to property Plant and machinery Fixtures and fittings Motor vehicles Support costs Governance costs Accountancy and legal fees Legal and professional fees Total resources expanded Net income/(expenditure) |
31.12.24 31.12.23 £ £ 66,084 60,089 17,295 14,579 |
|---|---|
| 83,379 74,668 540 165 - 5 3,969 4,144 22,278 22,899 2,151 1,750 653 57 2,333 - 1,776 1,972 32,484 27,824 945 1,143 66 68 |
|
| 67,195 60,027 150 150 13,843 16,075 2,826 3,681 - - |
|
| 16,819 19,906 1,500 1,300 773 2,520 |
|
| 2,273 3,820 |
|
| 86,287 83,753 |
|
| (2,908) (9,085) |
This page does not form part of the statutory financial statements
Page 12