Registered Charity Number: 1131352 Charitable IncOOrated Organisation THE APEX CHURCH RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025
THE APEX CHURCH RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 CONTENTS PAGE Trustees, Annual Report Independent Examiners Report Receipts and Payments Account Statement of Assets and Liabilities
THE APEX CHURCH RECEIPTS AND PAYMENTSACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 TRUSTEES, ANNUAL REPORT REFERENCE AND ADMINISTRATION DEfAILS Th6 principa5 address of the charfty 15:. 13 Pine Tree Close Isle of Wghl P0318DX Names ofthe trustee5 who managed the charity duting thg year wern: itchell Anderson (resigned May 2024) Richard Gan Jillian Groves Ithichael Groves Ashky Hood Aan Sansom Mark Thornett (resigned 21J11r20241 Elizabelh James lapp(xnled Jan 2025} Place ofworship st Failh's Churdl st Faith's Road Cowes Isle of Wghl P0317HH Church Elde Ashley Hood Bankers HSBC 101 Sl James Street Neyoort Isle of Wuhl P030 1HX Independent Examlner Moore {Soulhl LLP 9 St Johns Pla Newport Isle of Wght P030 1 LH STRUCTUR& GOVERNANCE AND MANAGEMENT The Chartty is registered as a Charitable Incotporated Organisation (CIO) under charity number 1131352, and was regi%lered with Ihe Charity Commission on 25 Aug¥Jst 2009. The Charitable Company. having pviOuS been register&J with Companies House under number C971(62 was converted lo a CIO on 29 Ccember 2021. and the company record was ck)sed. The chaiiy has one Elder Iwho i% also a Iw5teeJ plus five other Trustw. are ksted above. The Church is affiliated to Regons Beyond Famty of churths. and ts a member Off Evangelical Allian. Trustees are selecled on the basis of their skils. and w1)gneSS to voiunteer to seNe in Ihe role. Traviing for Ihe Trustee5 1$ both provided. and ongoing. OBJECTNES The charitable ot4eclNes of the charrty a5 set out in the C(41tu1)n are: (A) To advance th8 Christian Faith on the Isle of Ih1 and in such 0r paits of the United lfjngdom OT the World as the Trustees may from lime to time think frt lo fulfil such olher pU•se$ wthich a exclusNety charitable in accordan th the law of EnglaThl and Wales and are conneded TrAryih the tharitable wotk of the tharity. (B) To relEve sicknes5 and finanaal hardshrp and lo promote and pSerVe good heatth by the provk%n of funds. goods or serves of any kind. includiry through the promision otc0unsellm and support in suth parts ol the Uniled IQ.n0M or the wortd as the Trustee5 from tsme lo b.me may think fft. (C) To provide facitreS for recreattonal and other leisure time occupation in the Inte$ts of social welfare for persons wh) have need ty reason of their youih, povety. or social and enOmiC ctrcumslancEs wilh the object of improving their conditions of lrfe on Ihe Isle of Wght. arnl in such other parts of the UnRed Kiwdom orthe worbj as the Trustees may frc4n time lo time thk fit.
THE APEX CHURCH RECEIPTS AND PAYMENTSACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 TRUSTEES, ANNUAL REPORT (conllnued) ACTIVITIES AND ACHIEVEMENTS The main activities of the charity a in relation lo Chri5trdn worship aiKI ouireach. The charity avns to sem the local (x)mmunity and yder. lo relive sickness and finanoal hardshi) wh151 preseThing good heatth Sla[ weware. The church continues wth mi&week activibes for carers. toddlers and senio The Trust$ confimi that they have had regard lo the gu¥Jance issued by the Chaiity Comm5SSkin in respect of public benefit. tring the period Ihe Church has maffitained fegulargifts to the ftAlowing chaiilies: Regrons Beyond Isle of Wghl Slreet Pastois Hope lor Tomorrow Gbjbal Christians Against Povety ]Qngfisher Ministiies The Chutch recetves contributions frcffi numetous chufch members and suppe ar¥J five voluntary Trustees. plus one employed Trustee who donated countless hours oftvne wlhout charge serving the chu. the loea and wwjercommunittes. Reaching our local community. Weekty thopln coffee moming catels for mainty ehjerty folk who INe alone. We invite a wide range olspeakers. forexample bxal community servKes. AgeUK Blue Lamp Twust. IWASP. ule band. Food bank. local history experts. Bridges ran 2 x 6-week courses'cooking on a BudgeL' The mobde Food Panty uses the Mission Hall on Monday mornings. Cowe5 Centre used the haH for 2 x Health & Wellbeing popup clnKs. Community events. Dec 24 Christmas Celebrations atlr8cled Visiior5. Love lane Pr1 used the premises foi their Christmas Nativty and graduatll. PenacUltUre Garden crse use H FINANCIAL REVIEW AND RESERVES POL The Charity converted from a Chaiilable company regulaied by both company and charity law to a CIO on 29 December 2021, and as a result the financial statements have now be prepared on a receipts aThJ payments basis. thjring the period the Church grated a De on funds of £758 (2024- Surplus ot£9.675}. Closing bank and cash fijnds were stated at £22,60512024 - £23.3631. The Church has a carry foNMrd on the reStrtj fund of £4.715 {2024 - £NIL re Household Support}. In addItn lo the bank and cash 1$. the Chatity owns the property from whtch l is based in Cowes. Gift aKI was clairned in respect of the yearfs donatK)ns. vhjich was receivable al the year*rKt of £5.94312024- £3.138). The charivs reseNe poty is to rnaintain reseNes (unresirirted funds lch have Th)t been deSnated for use) at a level of al least three and six monlh's expenditure. The Trustees rx)nsKlerthal reserves al thts level will ensure that in the event of a signifunl drop in funding. that theywi]I be able loconlinue Ihe Church's CulnI adivities whilst consKleration is giventoways wi which additial lunds may be raised. RISKS The TnBtees monilor the risks that the Chaiity farEs on an annual basis, al poTh(ies are in place for safeguardir vuknerable thiklren and adults indud419 undertakFng DBS checks on voiunleers and staff, ensuring all aclivities are covered by iisk assessments. This report was approved ty th8 Board ofTwstees and signed on their behawby. l.oq.2OI Dated
THE APEX CHURCH RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 INDEPENDENT EXAMINERS, REPORT TO THE TRUSTEES OF THE APEX CHURCH Responsibllitles and basis of report As Ihed)aWsbwsteesyou are respcrtIb kntheFwbaralR)n ofVE ao))urts NdaMeththe rgWnenfS oflhecharitw 2011 Ad). l in resFedofmy examrFalJn oflhe acc cwrd wt sedn 145 oftheAdand n Ca[j0 mYexamlatn I have folk)wÈd al the appriCab tireraions Chity CrynmsTh ur¥Jers&lh)n 145(5)(b) Independent examinerfs statsmgnt I have compted my examwialion. I CLth thal no mthialThalts have cL¥re to my nbon in{neIth1h the exnnation me useto bdteve thatin arymaterMI r aemLmtirKJ recordsvue not kept Spe1# of11 dwityas Ulled itysgJwJn 130 clthe P4 report in ordertoena a pr0FeruTrjeW clthe aco)wts to be ( L-¥U) Ld) Kewn R Cooper BA FCA DChA For and on behawof Moore (South) LLP Chartered Accountants 9 St John's Place Neyoort 151e of Wight P030 ILH Dated l 0,1£)
THE APEX CHURCH RECEIPTSAND PAYmENTSAccour FOR THE YEAR ENDED 31 MARCH 2025 RECEIPTS AND PAYMENTS ACCOUNT Unrestrlcted Restricted Totsl Unrestricted Restricted Total Funds Funds Funds Funds Funds Funds 3110312025 3110312025 3110312025 3110312024 3110312024 3110312024 RECEIPTS Regular giving arKI donations Grant Re[Vable Other income Investment income- bank interest 78.277 6,895 5.283 85.172 5.483 107.915 11,880 119.795 391 316 391 316 423 42 TOTAL RECEIPTS 79.382 12.178 91.560 108.622 11.880 120,502 cHATABLE ACTMTIES PAYMENTS Gross salary costs Staff pension costs Upkeep of SeiceS Church group expenses Granls and donations- outreach Regions Beyond Hope for Tomorrow Glthal other charities and gifts Benevolent gifts and donations conferen travel and accommodation Church njnning costs Church utilities Church maintenance Church equipment additions Support costs Insurances Phone and internet costs Bank tharges 37.564 3.752 814 37.564 3,752 814 50.466 5,027 797 670 50,466 5.027 797 670 5.103 5.165 2.130 10.058 2,022 4,873 2.764 7.125 10.038 6.518 5.053 2.025 8.535 1.052 2.858 3.615 2.956 832 3.187 1.023 1.283 2.897 2.260 3.265 9.415 7.313 5.290 8.535 1.052 2.858 3.615 4.440 4.290 3.187 1.023 1.283 10.058 1.915 3,810 1.915 3.810 1.484 3.458 2,143 1.678 1.397 2.143 1.678 1.397 GOVERNANCE COSTS TOTAL PAYMENTS 82.659 9.659 92.318 97,463 13. 110.827 NET SURPLUSI(DEFicrr) OF INCOME OVER EXPENSES {3.277) 2.519 (758) 11,159 (1.484) 9.675 Gross Transfer beiween fvnds Net Movernent in funds (5.473) 4.715 (758) 11,159 (1,484) 9.675 Cash funds at 1 April 2024 Cash funds at 31 March 2025 17.890 4,715 23.383 23,363
THE APEX CHURCH RECEIPTSAND PAYMENTSACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 STATEMENT OF ASSETS AND LIABIUTIES Unrestricted Restricted Total Unrestrlcted Restricted Total Funds Funds Funds Funds Funds Funds 3110312025 3110312025 3110312025 3110312024 3110312024 3110312024 BANK AND CASH FUNDS Cuffent account Savings account 638 267 267 Totsl Bank and Cash funds 17. 4.715 23.363 23,363 OTHER ASSETS Property Gift aid receNable from HMRC 423,792 423.792 5.943 423.792 3.138 423.792 3.138 LIABILITIES Accruals 4.715 450.780 448.793 448.793 The Church's property. Cowes. Isle of VNSgM Wds valued at £423.792 by Daniells Harrison. Chartered Surveyors in April 2021, on Ihe basis of depreciated replacEment cosL The carry forward resI[ed fund of £4.715 relates to Household Supwrt (2024- £NIL). The receipts and payment account. together wth the statejnent of assets and liabilities and notes, were approved by Ihe Board of Trustees. and signed on their behalf by. ei 21. tsfi.lL Dated J Groves - Trustee