Charity registration number 1137908
Company registration number 07096042 (England and Wales)
ANOINTED APOSTOLIC CHURCH
ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
ANOINTED APOSTOLIC CHURCH
LEGAL AND ADMINISTRATIVE INFORMATION
Trustees Meva Barnett-Burrowes Faithe Graham Kalheil Smythe Charity number 1137908 Company number 07096042
ANOINTED APOSTOLIC CHURCH
CONTENTS
| Page | |
|---|---|
| Trustees' report | 1 |
| Independent examiner's report | 2 |
| Statement of financial activities | 3 |
| Balance sheet | 4 |
| Notes to the financial statements | 5 - 10 |
ANOINTED APOSTOLIC CHURCH
TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) FOR THE YEAR ENDED 31 DECEMBER 2023
The trustees present their annual report and financial statements for the year ended 31 December 2023.
The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the charity's [governing document], the Companies Act 2006 and "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
Public benefit
The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake.
Financial review
Reserves policy
It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
Structure, governance and management
The charity is a company limited by guarantee.
The trustees, who are also the directors for the purpose of company law, and who served during the year and up to the date of signature of the financial statements were: Meva Barnett-Burrowes
Faithe Graham Kalheil Smythe
The trustees' report was approved by the Board of Trustees.
- Meva Barnett Burrowes
Meva Barnett-Burrowes (Dec 11, 2024 12:30 GMT) Meva Barnett-Burrowes
Trustee
6 December 2024
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ANOINTED APOSTOLIC CHURCH
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ANOINTED APOSTOLIC CHURCH
I report to the trustees on my examination of the financial statements of Anointed Apostolic Church (the charity) for the year ended 31 December 2023.
Responsibilities and basis of report
As the trustees of the charity (and also its directors for the purposes of company law) you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (the 2006 Act).
Having satisfied myself that the financial statements of the charity 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 the charity’s financial statements carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed all the applicable 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 that in any material respect:
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1 accounting records were not kept in respect of the charity as required by section 386 of the 2006 Act; or
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2 the financial statements do not accord with those records; or
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3 the financial statements 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
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4 the financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice 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 financial statements to be reached.
Harvine Consultants
Harvine Consultants (Dec 11, 2024 12:45 GMT)
Dated: 6 December 2024
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ANOINTED APOSTOLIC CHURCH
STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT
FOR THE YEAR ENDED 31 DECEMBER 2023
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2023 | 2022 | ||
| Notes | £ | £ | |
| Income from: | |||
| Donations and legacies | 3 | 42,737 | 52,871 |
| Charitable activities | 4 | 6,457 | 6,234 |
| Total income | 49,194 | 59,105 | |
| Expenditure on: | |||
| Charitable activities | 5 | 58,572 | 50,335 |
| Total expenditure | 58,572 | 50,335 | |
| Net income/(expenditure) and movement in funds | (9,378) | 8,770 | |
| Reconciliation of funds: | |||
| Fund balances at 1 January 2023 | (19,333) | (28,103) | |
| Fund balances at 31 December 2023 | (28,711) | (19,333) |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
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ANOINTED APOSTOLIC CHURCH
BALANCE SHEET
AS AT 31 DECEMBER 2023
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |||
| Fixed assets | |||||||
| Tangible assets | 10 | 539 | 718 | ||||
| Current assets | |||||||
| Cash at bank and in hand | 1,137 | 8,556 | |||||
| Creditors: amounts falling due within | 11 | ||||||
| one year | (30,387) | (28,607) | |||||
| Net current liabilities | (29,250) | (20,051) | |||||
| Total assets less current liabilities | (28,711) | (19,333) | |||||
| The funds of the charity | |||||||
| Unrestricted funds | 12 | (28,711) | (19,333) | ||||
| (28,711) | (19,333) |
The company is entitled to the exemption from the audit requirement contained in section 477 of the Companies Act 2006, for the year ended 31 December 2023.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the trustees on 6 December 2024
- Meva Barnett Burrowes
Meva Barnett-Burrowes (Dec 11, 2024 12:30 GMT)
Meva Barnett-Burrowes
Trustee
Company registration number 07096042 (England and Wales)
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ANOINTED APOSTOLIC CHURCH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
1 Accounting policies
Charity information
Anointed Apostolic Church is a private company limited by guarantee incorporated in England and Wales.
1.1 Accounting convention
The financial statements have been prepared in accordance with the charity's [governing document], the Companies Act 2006, FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the Charities SORP "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). The charity is a Public Benefit Entity as defined by FRS 102.
The charity has taken advantage of the provisions in the SORP for charities not to prepare a Statement of Cash Flows.
The financial statements are prepared in sterling, which is the functional currency of the charity. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2 Going concern
At the time of approving the financial statements, the trustees have a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus the trustees continue to adopt the going concern basis of accounting in preparing the financial statements.
1.3 Charitable funds
Unrestricted funds are available for use at the discretion of the trustees in furtherance of their charitable objectives.
Restricted funds are subject to specific conditions by donors or grantors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.
Endowment funds are subject to specific conditions by donors that the capital must be maintained by the charity.
1.4 Income
Cash donations are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Legacies are recognised on receipt or otherwise if the charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.
1.5 Expenditure
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, 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 classified by activity. The costs of each activity are made up of the total of direct costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity.
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ANOINTED APOSTOLIC CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023
1 Accounting policies
(Continued)
1.6 Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is provided at the following annual rates in order to write off the cost of each asset over their estimated useful lives on the following bases:
Fixtures and fittings 20% Computers 20%
1.7 Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances.
Basic financial liabilities
Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price.
Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities.
Derecognition of financial liabilities
Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled.
1.8 Taxation
The charity is exempt from corporation tax on its charitable activities.
2 Critical accounting estimates and judgements
In the application of the charity’s accounting policies, the trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
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ANOINTED APOSTOLIC CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023
3 Income from donations and legacies
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2023 | 2022 | |
| £ | £ | |
| Donations and gifts | 35,560 | 52,871 |
| Donated goods and services | 7,177 | - |
| 42,737 | 52,871 |
4 Income from charitable activities
| Unrestricted | Unrestricted | |
|---|---|---|
| funds | funds | |
| 2023 | 2022 | |
| £ | £ | |
| Other income | 6,457 | 6,234 |
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ANOINTED APOSTOLIC CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023
5 Expenditure on charitable activities
| Direct costs Depreciation and impairment Sundries Other charitable expenditure Analysis by fund Unrestricted funds |
2023 £ - 201 57,612 57,813 57,813 |
2023 £ 179 - - 179 179 |
2023 £ - - 580 580 580 |
Total 2023 £ 179 201 58,192 58,572 58,572 |
2022 £ - 78 49,628 49,706 49,706 |
2022 £ 179 - - 179 179 |
2022 £ - - 450 450 450 |
Total 2022 £ 179 78 50,078 |
|---|---|---|---|---|---|---|---|---|
| 50,335 | ||||||||
| 50,335 |
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ANOINTED APOSTOLIC CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023
| 6 | Net movement in funds | 2023 | 2022 |
|---|---|---|---|
| £ | £ |
The net movement in funds is stated after charging/(crediting):
7 Trustees
None of the trustees (or any persons connected with them) received any remuneration or benefits from the charity during the year.
8 Employees
The average monthly number of employees during the year was:
| 2023 | 2022 | |
|---|---|---|
| Number | Number | |
| Total | - | - |
There were no employees whose annual remuneration was more than £60,000.
Remuneration of key management personnel
The remuneration of key management personnel was as follows:
9 Taxation
The charity is exempt from taxation on its activities because all its income is applied for charitable purposes.
10 Tangible fixed assets
| Fixtures and fittings Computers £ £ Cost At 1 January 2023 1,427 2,168 At 31 December 2023 1,427 2,168 Depreciation and impairment At 1 January 2023 1,245 1,811 At 31 December 2023 1,245 1,811 Carrying amount At 31 December 2023 182 357 At 31 December 2022 243 475 |
Total £ 3,595 |
|---|---|
| 3,595 | |
| 3,056 | |
| 3,056 | |
| 539 | |
| 718 |
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ANOINTED APOSTOLIC CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023
11 Creditors: amounts falling due within one year
| Creditors: amounts falling due within one year | ||
|---|---|---|
| Other creditors Accruals and deferred income |
2023 £ 4,000 26,387 30,387 |
2022 £ 4,000 24,607 |
| 28,607 |
12 Unrestricted funds
The unrestricted funds of the charity comprise the unexpended balances of donations and grants which are not subject to specific conditions by donors and grantors as to how they may be used. These include designated funds which have been set aside out of unrestricted funds by the trustees for specific purposes.
| At 1 January | Incoming | Resources | At 31 | |
|---|---|---|---|---|
| 2023 | resources | expended | December | |
| 2023 | ||||
| £ | £ | £ | £ | |
| General funds | (19,333) | 49,194 | (58,572) | (28,711) |
| Previous year: | At 1 January | Incoming | Resources | At 31 |
| 2022 | resources | expended | December | |
| 2022 | ||||
| £ | £ | £ | £ | |
| General funds | (28,103) | 59,105 | (50,335) | (19,333) |
13 Related party transactions
There were no disclosable related party transactions during the year (2022 - none).
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