**Charity registration number 1148822 (England and Wales)** **Charity registration number SC044099 (Scotland) Company registration number 08139399** ## **NEW APOSTOLIC CHURCH UK** **ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024** ## **NEW APOSTOLIC CHURCH UK** ## **LEGAL AND ADMINISTRATIVE INFORMATION** **Trustees** Mr D A Heynes Mr N C Woodman Mr R Krause Mrs K Paisley Dr H Mutschler (Appointed 2 January 2024) Miss C Steenkamp (Appointed 20 March 2024) **Secretary** C Esterhuizen Charity number (England and Wales) 1148822 Charity number (Scotland) SC044099 **Company number** 08139399 **Registered office** 19 Southwell Park Road Camberley Surrey GU15 3PU **Auditor** Richard Place Dobson Services Limited Ground Floor 1 - 7 Station Road Crawley West Sussex RH10 1HT **NEW APOSTOLIC CHURCH UK** ## **CONTENTS** ||**Page**| |---|---| |Trustees' report|1 - 5| |Statement of trustees' responsibilities|6| |Independent auditor's report|7 - 9| |Statement of financial activities|10 - 11| |Balance sheet|12| |Statement of cash flows|13| |Notes to the financial statements|14 - 25| ## **NEW APOSTOLIC CHURCH UK** ## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT)** ## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ The trustees present their annual report and financial statements for the year ended 31 December 2024. 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, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) 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). ## **Structure, governance and management** The Charity is a company limited by guarantee not having a share capital formed under the Companies Act 2006. 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: Mr D A Heynes Mr N C Woodman Mr R Krause Mrs K Paisley Dr H Mutschler (appointed 2 January 2024) Miss C Steenkamp (appointed 20 March 2024) ## **Recruitment and appointment of new trustees** The Declaration of Trust makes provision for the District Apostle to appoint new trustees by executing a deed. The District Apostle will consult the other trustees before an appointment is made, and the deed of appointment will then be approved by all trustees. ## **Induction and training of new trustees** Once new trustees have been formally appointed, they are asked to sign a declaration of eligibility/willingness to act and invited to read Charity Commission guides CC3 and ‘Managing faith charities as trustees. They immediately have the opportunity to engage with issues and decisions with which the trustees become involved. This provides new trustees with peer group support enabling them to support the work of the existing trustees soon after their formal appointment. ## **Organisational structure** The organisational structure relating to the religious activities of the Charity is centred on congregations and missions, which are located mainly in the UK, and are each led by a rector. The congregations are grouped into a number of geographical districts which are each led by a District Leader. The District Leaders are led by an Apostle, assisted by a Bishop, and they have responsibility for the religious activities carried out by the Charity in the UK & Ireland. An Apostle reports to the District Apostle and the District Apostle reports to the Chief Apostle (who is the Supreme President of the New Apostolic Church worldwide). The organisational structure relating to the business affairs of the Charity, which includes all legal, regulatory, financial, property and administrative matters is led by the trustees. and their appointed advisors. The day-to-day administration and financial matters of the Charity are carried out by an administrator who is directly supported by the Apostle who is also a Trustee. The Church administrator has been fully trained as our internal qualified Health & Safety officer. page 1 ## **NEW APOSTOLIC CHURCH UK** ## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **Wider network** The Charity's religious activities are carried out in unity with the worldwide promotion and teaching of the New Apostolic faith under the oversight of the Chief Apostle and the New Apostolic Church International. The Charity's legal, regulatory, financial, property and administrative matters are directed by the trustees having regard to what is in the best interests of the Charity. ## **Publications** The Charity purchases literature and teaching materials that support the promotion of the New Apostolic Faith which are mostly published by Verlag Friedrich Bischoff GmbH by commission of the New Apostolic Church International. The literature and teaching materials are purchased by the Charity on a commercial basis which allows for the fact that the literature and teaching materials are available to a number of English-speaking countries including the UK and Ireland. ## **Risk management** To mitigate against the risk of management override, the trustees are provided with a detailed monthly financial report which includes the income and individual line-item of expenditure within the given month as well as for the year to date. The monthly report provides information on the bank positions and the fund performance month on month. Any spend outside of the agreed annual budget requires approval from the trustees as per the quorum set out in the Charity’s governing document. The proportion of cash offerings continues to reduce with approximately 81% now donated online. A rigorous and longstanding policy and process is in place to mitigate the risks associated with cash offerings. To manage the risk of property valuation the trustees monitor the spend on each property and implemented a property asset register in 2024. DBS checks for all active volunteers are regularly reviewed in accordance with the charity’s safeguarding policy. The trustees continue to apply their skills as outlined in the skills audit and work closely with their professional Advisors in terms of legal and accounting procedures. A new volunteer Head of Safeguarding was recruited in 2024, and she takes on responsibility for policy, structure and training of safeguarding within the Charity, reporting to the trustees. In addition to the above the trustees have a risk register which is reviewed and updated annually. ## **Objectives and activities** The aim of the Charity as set out in its Constitution is the interlocking union and instruction of its believers according to the New Apostolic confession of faith. The Charity fulfils its objects by promoting and teaching the New Apostolic Church faith, which is encapsulated in the Ten Articles of Faith. This work is carried out in unity with the worldwide promotion and teaching of the New Apostolic faith under the oversight of the Chief Apostle and the New Apostolic Church International. The Charity seeks to support the spiritual care of members and guests and to care for sustained attendance and the overall participation of its members at the divine services and other events as well as to manage the donations and freewill offerings received. page 2 ## **NEW APOSTOLIC CHURCH UK** ## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **Spiritual activities** The strategy of the Charity is to foster spiritual fellowship and the development of faith amongst its members. The activities of the charity are centred on the divine services which are conducted in church buildings owned by the Charity as well as in hired premises. The divine services are open to the public who can participate in them and benefit from the spiritual fellowship and faith of the members. The divine services are complemented by pastoral visits by ministers, and a range of activities including Sunday School, Religious Instruction and Confirmation lessons, as well as activities for children, young people and seniors. Music forms an important of our worship and enhances the divine service experience. The Church website www.nacukie.org and a variety of church publications, provide members and guests with information on the Church. Digital platforms used to stream church services and other events remain an important aspect of the church activities and provide a connection to those who prefer to participate online or who otherwise have difficulty attending in person. ## **Volunteers** The charity is run almost exclusively by volunteer ministers and members in the UK and Ireland who fulfil their ministerial responsibilities in an honorary capacity. The activities that complement the divine services are supported by members and attendees of all ages in their voluntary capacity. Nearly all the income is derived from the donations and freewill offerings of attendees. The trustees are immensely grateful to our volunteer ministers, teachers and workers who each contribute their time and energy out of love for God and their neighbour. ## **Public Benefit** The Trustees have complied with their duty to have regard to the Charity Commission’s public benefit guidance when exercising relevant powers or duties. One of the core objects of the charity is to advance the Christian faith in accordance with the worldwide teachings of the New Apostolic faith in the United Kingdom and Ireland (and any other places); based on Matthew chapter 28 "to teach all nations". This is carried out locally by inviting guests, arranging special events, publishing church publications and informing via the website. Members are encouraged to invite others to participate in the activities of the charity. All church services and other platforms are open to the public. Membership of the charity is open to any adult who wishes to join a congregation. Minors may also join subject to applicable law. Membership of the charity is diverse with many different cultures and social strands represented in the charity. The charity is associated with New Apostolic Church International which has some 9 million registered members worldwide (see https:// nak.org/en/church/factsfigures). Where possible, church properties have notice boards advising the times of services and other local information. Details are also provided on the website. Many church properties provide for disabled access and hearing loops are installed in most church buildings. The activities of the Charity are spread across various locations in the United Kingdom and Ireland. Where costs are charged to members for publications and other services, the costs are reasonable, and publications are available at affordable cost. There are no charges for becoming a member of the Charity or for performing ministrations, for example, weddings, baptisms or funerals. ## **Financial review** The result for the year shows a net operational profit of £61,111. This is then adjusted for the net gain on investments in the period resulting in a net surplus of £50,662. page 3 ## **NEW APOSTOLIC CHURCH UK** ## **TRUSTEES' REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ As anticipated the legal and professional fees were significantly less in 2024 following the correction of title on one of the properties in June 2024. The charity completed the registration with the Charities Regulator in Ireland in February 2025. The registration in the Isle of Man should be completed later in 2025. ## **Reserves policy** Our reserves policy is to maintain funds to cover operational running costs for 6 to 9 months. ## **Principal funding sources** A high proportion of the income of the Charity was derived directly from donations and freewill offerings from church members and used to meet the operating costs of the Charity, including the provision of church services and other activities, as well as the maintenance and improvements to the Charity's properties, management and administration costs. ## **Investment policy and objectives** The main investment vehicle remains the NAK Special Fund. It is the view of the trustees this offers the best overall return on investment, and that the investment strategy is in line with the church beliefs. The currency exchange risk was identified as an issue, however the cost of hedging against this was deemed to not be financially viable. The trustees will continue to monitor the fund performance. Additional funds are invested in Barclays Treasury Fixed Term Deposits which provides security combined with good accessibility. ## **FUTURE DEVELOPMENTS** The core objectives of the Charity are to support the spiritual care of members and guests. The Charity will aim to achieve these objectives by implementing the strategies and activities, backed by the extensive use of volunteers, described earlier in this report. The Charity is aware that external factors, including the political and economic environment, both in overseas countries where the New Apostolic Church is established and, in the UK, or Ireland, may impact on its ability to achieve its core objectives. ## **Estate Management** The estate is managed by the trustees, supported by the Charity Administrator. After careful consideration the trustees took the decision in July 2025 to dispense with the main contractor for property maintenance and renovation and have instead implemented a de-centralised model using local contractors. This is expected to reduce the overall cost for property maintenance and renovation. A monthly report is provided to the trustees to track the work done on each of the buildings and the works planned against the allocated budget. ## **Insurances - Property and fellowship at rented locations** A full review and update takes place annually and the trustees are satisfied that there is sufficient cover of property and contents insurance. ## **Sustainability** The ‘Caring for the Creation’ initiative continues to inform, educate and encourage church members in sustainability matters. In August 2025 the Camberley church was fitted with solar panels to reduce the carbon footprint. page 4 EW APOSTOLIC CHL'RCH EK TRISTEES, REPORT UNCLLT)ING DIRECTORS, REPORT) (COITI.NLED) FOR THE YE.4R E.NDED 31 DECE.VBER 2024 'ider nenYork- The Charity's ieli8ious attivities are carried out iti unity with the worfdThide promotion and ieathing tsf the Ne Aposiolic faith uttder the oi'ttsigbi of the CJll"ef Apostle and the New Apostolic Cbwcb tttiernattonal. The Chanry's legal. regularory. T￿￿¢la1. properry and admi￿51[3tive matters are dirttied by the t￿￿￿e$ baMn8 regard io professional advice and whai is in the tesi interests of the Charity Disc105urè of infoi'marion to audiior EJ¢h of the twstees has confirnied that there is no infonnation of iitiich thev ate a￿are ￿tilCh is Tel￿all1 to the audii. but of 'ch the 2uditor is un2￿2[¢. Thry haie fi￿ther coofitmed tb2t they haie iakell app¥opnite steps to Ideol￿ swh ieln'ant forn￿110￿ and to estabtish that the Juth'tor 15 a￿are of Such info￿atio0 The IDJstttS' Teport was approved by the Board otT￿￿t￿s. Mr D.4 Hei'nes Trnstee Dated.. 04Seotember2025 pa¥e S ## **NEW APOSTOLIC CHURCH UK** ## **STATEMENT OF TRUSTEES' RESPONSIBILITIES** ## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ The trustees, who are also the directors of New Apostolic Church UK for the purpose of company law, are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that year. In preparing these financial statements, the trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the Charities SORP; - make judgements and estimates that are reasonable and prudent; - state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping adequate accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. page 6 ## **NEW APOSTOLIC CHURCH UK** ## **INDEPENDENT AUDITOR'S REPORT** ## **TO THE TRUSTEES OF NEW APOSTOLIC CHURCH UK** ## **Opinion** We have audited the financial statements of New Apostolic Church UK (the ‘charity’) for the year ended 31 December 2024 which comprise the statement of financial activities, the balance sheet, the statement of cash flows and the notes to the financial statements, including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including FRS 102 _The Financial Reporting Standard applicable in the UK and Republic of Ireland_ (United Kingdom Generally Accepted Accounting Practice). In our opinion, the financial statements: - give a true and fair view of the state of the charitable company's affairs as at 31 December 2024 and of its incoming resources and application of resources, for the year then ended; - have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and - have been prepared in accordance with the requirements of the Companies Act 2006. ## **Basis for opinion** We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the _Auditor's responsibilities for the audit of the financial statements_ section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. ## **Conclusions relating to going concern** In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity’s ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report. ## **Other information** The other information comprises the information included in the annual report other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained within the annual report. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. ## **Matters on which we are required to report by exception** We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion: - the information given in the financial statements is inconsistent in any material respect with the trustees' report; or - sufficient accounting records have not been kept; or - the financial statements are not in agreement with the accounting records; or - we have not received all the information and explanations we require for our audit. page 7 ## **NEW APOSTOLIC CHURCH UK** ## **INDEPENDENT AUDITOR'S REPORT (CONTINUED) TO THE TRUSTEES OF NEW APOSTOLIC CHURCH UK** ## **Responsibilities of trustees** As explained more fully in the statement of trustees' responsibilities, the trustees, who are also the directors of the charity for the purpose of company law, are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. In preparing the financial statements, the trustees are responsible for assessing the charity’s ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so. ## **Auditor's responsibilities for the audit of the financial statements** We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor's report that includes our opinion. Reasonable assurance is a high level of assurance but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. The extent to which our procedures are capable of detecting irregularities, including fraud, is detailed below. Irregularities, including fraud, are instances of non-compliance with laws and regulations. The objectives of our audit are to obtain sufficient appropriate audit evidence regarding compliance with laws and regulations that have a direct effect on the determination of material amounts and disclosures in the financial statements, to perform audit procedures to help identify instances of non-compliance with other laws and regulations that may have a material effect on the financial statements, and to respond appropriately to identified or suspected non-compliance with laws and regulations identified during the audit. In relation to fraud, the objectives of our audit are to identify and assess the risk of material misstatement of the financial statements due to fraud, to obtain sufficient appropriate audit evidence regarding the assessed risks of material misstatements due to fraud through designing and implementing appropriate responses and to respond appropriately to fraud or suspected fraud identified during the audit. However it is the primary responsibility of management, with the oversight of those charged with governance, to ensure that the entity’s operations are conducted in accordance with the provisions of laws and regulations and for the prevention and detection of fraud. In identifying and assessing the risks of material misstatement in respect of irregularities, including fraud, the audit engagement team made enquiries of management, and those charged with governance, regarding the procedures relating to identifying, evaluating and complying with; 1. laws and regulations and whether they were aware of any instances of non-compliance; 2. detecting and responding to the risks of fraud and whether they have knowledge of any actual, suspected or alleged fraud; 3. the internal controls established to mitigate risks related to fraud or non-compliance with laws and regulations; As a result of these procedures we consider the most significant laws and regulations that have a direct impact on the financial statements are FRS 102, General Data Protection Regulations, Companies Act, Charities Act 2011, Charities and Trustees Investment (Scotland) Act, Charities Statement of Recommended Practice and employment law and regulations. We performed audit procedures to detect non-compliance, which may have a material impact on the financial statements. These included reviewing financial statement disclosures and evaluating advice received from external advisors. There were no significant laws and regulations we deemed as having an indirect impact on the financial statements. page 8 ## **NEW APOSTOLIC CHURCH UK** ## **INDEPENDENT AUDITOR'S REPORT (CONTINUED)** ## **TO THE TRUSTEES OF NEW APOSTOLIC CHURCH UK** The audit engagement team identified the risk of management override of controls as the area where the financial statements were most susceptible to material misstatement due to fraud. Audit procedures performed included but were not limited to testing manual journal entries and other adjustments and evaluating the rationale in relation to any significant, unusual transactions and transactions entered into outside of the normal course of business. As a portion of income is cash donations, this was also highlighted as an area of high risk for fraud and not being recorded in the accounts. Audit procedures performed included but were not limited to observing count procedures and substantive and analytical testing of income recording systems. Valuation of property has also been included as a significant risk. Audit work undertaken to confirm that properties were valued correctly in the accounts and are not impaired included, but was not limited too, obtaining and reviewing any recent valuations carried out for the properties, discussing with the trustees their view on the value of each property, reviewing and comparing insurance values for each property and obtaining market statistics on property values for each area. ## **Other matters** A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: https://www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditor's report. ## **Use of our report** This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an auditor’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our audit work, for this report, or for the opinions we have formed. **Richard Place Dobson Services Limited** 10 September 2025......................... **Chartered Accountants** Date **Statutory Auditor** Ground Floor 1 - 7 Station Road Crawley West Sussex RH10 1HT Richard Place Dobson Services Limited is eligible for appointment as auditor of the charitable company by vitue of its eligibilty for appointment as auditor of a company under section 1212 of the Companies Act 2006. page 9 ## **NEW APOSTOLIC CHURCH UK** ## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT** ## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ |**Current financial year**
**Unrestricted**
**Unrestricted**
**Restricted**
**funds**
**funds**
**funds**
**general**
**designated**
**2024**
**2024**
**2024**
**Notes**
**£**
**£**
**£**
**Income and endowments from:**
Donations and legacies
**3**
608,498
-
19,486
Investments
**4**
24,656
35,334
-
Other income
**5**
7,244
-
-
**Total income**
640,398
35,334
19,486
**Expenditure on:**
Charitable activities
**6**
482,339
63,245
19,486
Other expenditure
**11**
69,037
-
-
**Total expenditure**
551,376
63,245
19,486
Net gains/(losses) on
investments
**12**
-
(10,449)
-
**Net income/(expenditure)**
89,022
(38,360)
-
Transfers between funds
117,484
(117,484)
-
**Net movement in funds**
**8**
206,506
(155,844)
-
**Reconciliation of funds:**
Fund balances at 1 January 2024
333,308
7,970,397
-
**Fund balances at 31 December 2024**
539,814
7,814,553
-|**Total**
**2024**
**£**
627,984
59,990
7,244
695,218
565,070
69,037
634,107
(10,449)
50,662
-
50,662
8,303,705
8,354,367|**Total**
**2023**
**£**
571,779
51,367
1,673| |---|---|---| |||624,819| |||636,325
-| |||636,325| |||36,334| |||24,828
-| |||24,828
8,278,877| |||8,303,705| The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities. page 10 ## **NEW APOSTOLIC CHURCH UK** ## **STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT** ## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ |**Prior financial year**
**Unrestricted**
**Unrestricted**
**Restricted**
**funds**
**funds**
**funds**
**general**
**designated**
**2023**
**2023**
**2023**
**Notes**
**£**
**£**
**£**
**Income and endowments from:**
Donations and legacies
**3**
551,662
-
20,117
Investments
**4**
17,068
34,299
-
Other income
**5**
1,673
-
-
**Total income**
570,403
34,299
20,117
**Expenditure on:**
Charitable activities
**6**
570,380
45,828
20,117
**Total expenditure**
570,380
45,828
20,117
Net gains/(losses) on investments
**12**
-
36,334
-
**Net income**
23
24,805
-
Transfers between funds
(47,099)
47,099
-
**Net movement in funds**
**8**
(47,076)
71,904
-
**Reconciliation of funds:**
Fund balances at 1 January 2023
380,384
7,898,493
-
**Fund balances at 31 December 2023**
333,308
7,970,397
-|**Total**
**2023**
**£**
571,779
51,367
1,673| |---|---| ||624,819
636,325| ||636,325| ||36,334| ||24,828
-| ||24,828
8,278,877| ||8,303,705| page 11 ## **NEW APOSTOLIC CHURCH UK** ## **BALANCE SHEET** ## _**AS AT 31 DECEMBER 2024**_ |**Notes**
**Fixed assets**
Tangible assets
**14**
Investments
**15**
**Current assets**
Debtors
**16**
Cash at bank and in hand
**Creditors: amounts falling due within one**
**year**
**17**
Net current assets
**Total assets less current liabilities**
**Income funds**
Unrestricted funds
Designated funds
General unrestricted funds|**2024**
**£**
44,220
632,641
676,861
(26,730)
7,814,553
539,814|**£**
5,894,549
1,809,687
7,704,236
650,131
8,354,367
8,354,367
8,354,367|**2023**
**£**
29,316
480,412
509,728
(25,572)
7,970,397
333,308|**£**
6,034,747
1,784,802| |---|---|---|---|---| |||||7,819,549
484,156| |||||8,303,705| |||||8,303,705| |||||8,303,705| 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 2024, although an audit has been carried out under section 144 of the Charities Act 2011 and the Charities and Investments (Scotland) Act 2005. 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 under the requirements of the Companies Act 2006, 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 .........................4 September 2025 .............................. Mr D A Heynes **Trustee** **Company Registration No. 08139399** page 12 ## **NEW APOSTOLIC CHURCH UK** ## **STATEMENT OF CASH FLOWS** ## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ |**2024**
**Notes**
**£**
**Cash flows from operating activities**
Cash generated from operations
**24**
**Investing activities**
Purchase of tangible fixed assets
(189,974)
Proceeds from disposal of tangible fixed assets
87,139
Purchase of investments
(35,334)
Investment income received
59,990
**Net cash used in investing activities**
**Net cash used in financing activities**
**Net increase/(decrease) in cash and cash equivalents**
Cash and cash equivalents at beginning of year
**Cash and cash equivalents at end of year**|**2023**
**£**
**£**
**£**
230,408
123,246
(223,706)
25,000
(34,299)
51,367
(78,179)
(181,638)
-
-
152,229
(58,392)
480,412
538,804
632,641
480,412| |---|---| page 13 **NEW APOSTOLIC CHURCH UK** ## **NOTES TO THE FINANCIAL STATEMENTS** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **1 Accounting policies** ## **Charity information** New Apostolic Church UK is a private company limited by guarantee incorporated in England and Wales. The registered office is 19 Southwell Park Road, Camberley, Surrey, GU15 3PU. ## **1.1 Accounting convention** The financial statements have been prepared in accordance with the charity's memorandum and articles of association, the Companies Act 2006, the Charities and Trustee Investment (Scotland) Act 2005, the Charities Accounts (Scotland) Regulations 2006 (as amended) 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)". The charity is a Public Benefit Entity as defined by FRS 102. 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, modified to include the revaluation of listed investments to market value at the year end. 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 can be used in accordance with the charitable objectives at the discretion of the trustees. Designated funds are unrestricted funds earmarked by the trustees for particular purposes. Restricted funds are donations which the donor has specified are to be solely used for particular areas of the charity's work or for a specific purpose. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. ## **1.4 Income** Items of income are recognised and included in the accounts when all of the following criteria are met: - The Charitable Company has entitlement to the funds - Any performance conditions attached to the items of income have been met or are fully within the control of the charity. - There is sufficient certainty that receipt of the income is considered probable; and - The amount can be measured reliably. For legacies, entitlement is taken as the earlier of: - the date on which the charity is aware that probate has been granted; - the estate has been finalised and notification has been made by the executor(s) to the Charity that a distribution will be made - when distribution is received from the estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably and the charity has been notified of the executor's intention to make a distribution. Where legacies have been notified to the charity, or the charity is aware of the granting of probate, and the criteria for income recognition have not been met, then the legacy is treated as a contingent asset and disclosed if material. page 14 ## **NEW APOSTOLIC CHURCH UK** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **1 Accounting policies** **(Continued)** ## **Interest receivable** Interest on funds held on deposit or dividend income from investments is included when receivable and the amount can be measured realisable by the charity, this is normally upon notification by the relevant organisation. ## **Other income** Other income consists of insurance proceeds and is recognised in the accounts when there is a reasonable certainty it will be received. ## **1.5 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. Expenditure is classified under the following activity headings: Charitable activities - includes the costs of carrying out the charitable objects in promoting and teaching the New Apostolic faith and their associated support costs as well as costs incurred in supporting Youth Away days. No support costs are allocated to this activity. Support costs are those functions that assist the work of the charity but do not directly undertake charitable activities. Support costs include back office costs, finance, personnel, payroll and governance costs. These costs have all been allocated to the main charitable activity of promoting and teaching the New Apostolic Faith. ## **1.6 Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life. |Freehold land and buildings|2% on cost| |---|---| |Plant and equipment|15% on reducing balance| |Fixtures and fittings|15% on reducing balance| |Computers|15% on reducing balance| |Motor vehicles|25% on reducing balance| The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities. Only items over £5,000 will be capitalised. In the main this will be items such as new Altars, Organs and new furniture. ## **1.7 Fixed asset investments** Fixed asset investments are a form of basic financial instrument and are initially recognised at their transaction value and subsequently measured at their fair value as at the balance sheet date using the quoted market value at the balance sheet date. ## **1.8 Impairment of fixed assets** At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). page 15 ## **NEW APOSTOLIC CHURCH UK** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **1 Accounting policies** **(Continued)** ## **1.9 Financial instruments** The trust only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at the carrying value plus accrued interest less repayments. ## **Debtors** Trade and other debtors are recognised at the settlement amount due. Prepayments are valued at the amount prepaid. ## **Cash at bank and in hand** Cash at bank and cash in hand includes cash and short term highly liquid deposit accounts with a short maturity date of three months or less from the opening of the account. ## **Creditors and provisions** Creditors and provisions are recognised where the charity has a present obligation arising from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount. ## _**Derecognition of financial liabilities**_ Financial liabilities are derecognised when the charity’s contractual obligations expire or are discharged or cancelled. ## **1.10 Taxation** The charity is exempt from corporation tax on its charitable activities. ## **1.11 Employee benefits** The costs of short term employee benefits are recognised as a liability and an expense. The cost of any unused holiday entitlement is recognised in the period in which the employee's services are received. ## **1.12 Retirement benefits** ## **Pensions** The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate. ## **1.13 Leases** Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease. ## **1.14 Foreign exchange** Transactions in currencies other than pounds sterling are recorded at the rates of exchange prevailing at the dates of the transactions. At each reporting end date, monetary assets and liabilities that are denominated in foreign currencies are retranslated at the rates prevailing on the reporting end date. Gains and losses arising on translation in the period are included in profit or loss. ## **1.15 Legal status** The Charitable Company is a company limited by guarantee and has no share capital. in the event of the charitable company being wound up, the liability in respect of the guarantee is limited to £1 per member of the charitable company. page 16 ## **NEW APOSTOLIC CHURCH UK** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **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. The key judgements and estimates made in preparing the accounts are the valuation of freehold property. The residual value has been estimated to be more than the buildings original cost and therefore no depreciation has been charged on this basis. The trustees have made a judgement on whether each property is impaired, where such a judgement has been made this has been explained in the notes to the accounts ## **3 Donations and legacies** |**Unrestricted**
**Restricted**
**funds**
**funds**
**general**
**2024**
**2024**
**£**
**£**
Donations and gifts
427,711
19,486
Donations under gift aid
180,787
-
608,498
19,486|**Total**
Unrestricted
Restricted
funds
funds
general
**2024**
2023
2023
**£**
£
£
447,197
360,230
20,117
180,787
191,432
-
627,984
551,662
20,117|Total
2023
£
380,347
191,432| |---|---|---| |||571,779| ## **4 Income from investments** |**Unrestricted Unrestricted**
**funds**
**funds**
**general**
**designated**
**2024**
**2024**
**£**
**£**
Rental income
10,800
-
Income from investments
-
35,334
Interest receivable
13,856
-
24,656
35,334|**Total**
**Unrestricted Unrestricted**
**funds**
**funds**
**general**
**designated**
**2024**
**2023**
**2023**
**£**
**£**
**£**
10,800
10,800
-
35,334
-
34,299
13,856
6,268
-
59,990
17,068
34,299|**Total**
**2023**
**£**
10,800
34,299
6,268| |---|---|---| |||51,367| page 17 ## **NEW APOSTOLIC CHURCH UK** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **5 Other income** ||**Unrestricted**|**Unrestricted**| |---|---|---| ||**funds**|**funds**| ||**2024**|**2023**| ||**£**|**£**| |Net gain on disposal of tangible fixed assets|7,138|-| |Other income|106|1,673| ||7,244|1,673| ## **6 Charitable activities** |Staff costs
Depreciation and impairment
Hire of plant and machinery
Rent of halls for services
Rates and water for services
Light and heat for services
Youth costs
Church music expenses
Materials
Repairs and maintenance
Travel and subsistence
District events
Sundries
Share of support costs (see note 7)
Share of governance costs (see note 7)
**Analysis by fund**
Unrestricted funds - general
Unrestricted funds - designated
Restricted funds|**2024**
**£**
-
180,409
5,890
65,884
2,343
30,387
11,030
1,277
15,078
71,730
65,526
8,930
27,450
485,934
23,003
56,133
565,070
482,339
63,245
19,486
565,070|**2023**
**£**
81,559
154,286
8,988
52,946
2,734
23,799
13,738
3,574
8,640
52,353
80,698
21,972
17,888| |---|---|---| |||523,175
17,094
96,056| |||636,325| |||570,380
45,828
20,117| |||636,325| page 18 ## **NEW APOSTOLIC CHURCH UK** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ |**7**
**Support costs**
**Support costs**
**Governance**
**costs**
**2024**
Support costs
Governance
costs
**£**
**£**
**£**
£
£
Depreciation
726
-
726
855
-
Rates and water
-
-
-
225
-
Telephone
12,848
-
12,848
17,434
-
Postage and stationery
5,097
-
5,097
10,719
-
Church publications
853
-
853
848
-
Sundries
1,969
-
1,969
339
-
Bank Charges
1,510
-
1,510
1,638
-
Licences
-
-
-
93
-
Audit fees
-
16,912
16,912
-
13,860
Other assurance services
-
6,254
6,254
-
7,707
Legal and Professional fees
-
32,967
32,967
-
59,432
23,003
56,133
79,136
32,151
80,999
Analysed between
Charitable activities
23,003
56,133
79,136
17,094
96,056
**8**
**Net movement in funds**
**2024**
**£**
Net movement in funds is stated after charging/(crediting)
Fees payable to the company's auditor for the audit of the company's financial
statements
16,912
Depreciation of owned tangible fixed assets
181,135
Loss on disposal of tangible fixed assets
61,899|2023
£
855
225
17,434
10,719
848
339
1,638
93
13,860
7,707
59,432| |---|---| ||113,150| ||113,150| ||**2023**
**£**
13,860
155,141
-| ## **9 Trustees** One trustee was reimbursed a total of £196 (2023: £251) for travelling expenses. None of the trustees received remuneration for their role as trustee. One of the trustees David Middleton received remuneration during the previous year (2023: £65,925) for his role as a Bishop of The New Apostolic Church UK. Payment is made in accordance with the charity's Articles of Association. David Middleton retired as a Trustee in January 2024. ## **10 Employees** The average monthly number of employees during the year was: ||**2024**|**2023**| |---|---|---| ||**Number**|**Number**| |Charitable activities|-|1| page 19 ## **NEW APOSTOLIC CHURCH UK** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ |**10**|**Employees**||**(Continued)**| |---|---|---|---| ||**Employment costs**|**2024**|**2023**| |||**£**|**£**| ||Wages and salaries|-|65,925| ||Social security costs|-|12,067| ||Other pension costs|-|3,567| |||-|81,559| ||The staff costs above represent the total remuneration paid to key management personnel|of the charity.|| ||The number of employees whose annual remuneration was more than £60,000 is as||| ||follows:||| |||**2024**|**2023**| |||**Number**|**Number**| ||£60,001 - £70,000|-|1| |**11**|**Other expenditure**||| |||**Unrestricted**|**Unrestricted**| |||**funds**|**funds**| |||**2024**|**2023**| |||**£**|**£**| ||Net loss on disposal of tangible fixed assets|69,037|-| page 20 ## **NEW APOSTOLIC CHURCH UK** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **12 Net gains/(losses) on investments** ||**Unrestricted**|**Unrestricted**| |---|---|---| ||**funds**|**funds**| ||**designated**|**designated**| ||**2024**|**2023**| ||**£**|**£**| |Revaluation of investments|(10,449)|36,334| ## **13 Taxation** The charity is exempt from taxation on its activities because all its income is applied for charitable purposes. ## **14 Tangible fixed assets** |**Freehold land**
**and buildings**
**£**
**Cost**
At 1 January 2024
5,232,855
Additions
177,626
Disposals
(80,000)
At 31 December 2024
5,330,481
**Depreciation and**
**impairment**
At 1 January 2024
50,000
Depreciation charged in the
year
53,352
Eliminated in respect of
disposals
-
At 31 December 2024
103,352
**Carrying amount**
At 31 December 2024
5,227,129
At 31 December 2023
5,182,855|**Plant and**
**equipment**
**Fixtures and**
**fittings**
**£**
**£**
88,276
1,298,084
-
12,348
(33,369)
(136,492)
54,907
1,173,940
57,836
481,474
4,566
122,491
(25,273)
(79,410)
37,129
524,555
17,778
649,385
30,440
816,610|**Computers Motor vehicles**
**£**
**£**
20,073
2,570
-
-
(19,274)
(2,570)
799
-
15,230
2,570
726
-
(15,414)
(2,570)
542
-
257
-
4,842
-|**Total**
**£**
6,641,858
189,974
(271,705)| |---|---|---|---| ||||6,560,127| ||||607,110
181,135
(122,667)| ||||665,578| ||||5,894,549| ||||6,034,747| page 21 ## **NEW APOSTOLIC CHURCH UK** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **15 Fixed asset investments** ||**Listed**| |---|---| ||**investments**| ||**£**| |**Cost or valuation**|| |At 1 January 2024|1,784,802| |Additions|35,334| |Change in market value in year|(10,449)| |At 31 December 2024|1,809,687| |**Carrying amount**|| |At 31 December 2024|1,809,687| |At 31 December 2023|1,784,802| ## **Fixed asset investments revalued** The historical cost of the investments at the year end was £1,698,222 (2023: £1,662,887). The total Investments above are held in 1 fund, which is held outside the UK. ## **16 Debtors** |**Amounts falling due within one year:**
Trade debtors
Other debtors
Prepayments and accrued income
**17**
**Creditors: amounts falling due within one year**
Trade creditors
Other creditors
Accruals and deferred income
**18**
**Retirement benefit schemes**
**Defined contribution schemes**
Charge to profit or loss in respect of defined contribution schemes|**2024**
**£**
1,659
30,384
12,177
44,220
**2024**
**£**
8,835
122
17,773
26,730
**2024**
**£**
-|**2023**
**£**
4,040
11,843
13,433| |---|---|---| |||29,316| |||**2023**
**£**
11,776
12,563
1,233| |||25,572| |||**2023**
**£**
3,567| page 22 ## **NEW APOSTOLIC CHURCH UK** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **18 Retirement benefit schemes** ## **(Continued)** The charity operates a defined contribution pension scheme for all qualifying employees. The assets of the scheme are held separately from those of the charity in an independently administered fund. ## **19 Unrestricted funds - designated** These are unrestricted funds which are material to the charity's activities. |**At 1 January**
**2024**
**£**
Fixed Asset
Funds
5,985,595
Investment Fund
1,784,802
Cyclical Repair
fund
200,000
7,970,397
**Previous year:**
**At 1 January**
**2023**
**£**
Fixed Asset
Funds
5,985,595
Investment Fund
1,714,169
Cyclical Repair
fund
198,729
7,898,493|**Incoming**
**resources**
**Resources**
**expended**
**£**
**£**
-
-
35,334
-
-
(63,245)
35,334
(63,245)
**Incoming**
**resources**
**Resources**
**expended**
**£**
**£**
-
-
34,299
-
-
(45,828)
34,299
(45,828)|**Transfers**
**Gains and**
**losses**
**At 31 December**
**2024**
**£**
**£**
**£**
(80,729)
-
5,904,866
-
(10,449)
1,809,687
(36,755)
-
100,000
(117,484)
(10,449)
7,814,553
**Transfers**
**Gains and**
**losses**
**At 31 December**
**2023**
**£**
**£**
**£**
-
-
5,985,595
-
36,334
1,784,802
47,099
-
200,000
47,099
36,334
7,970,397|**Transfers**
**Gains and**
**losses**
**At 31 December**
**2024**
**£**
**£**
**£**
(80,729)
-
5,904,866
-
(10,449)
1,809,687
(36,755)
-
100,000
(117,484)
(10,449)
7,814,553
**Transfers**
**Gains and**
**losses**
**At 31 December**
**2023**
**£**
**£**
**£**
-
-
5,985,595
-
36,334
1,784,802
47,099
-
200,000
47,099
36,334
7,970,397| |---|---|---|---| ||||7,970,397| The fixed asset funds represents the funds necessarily set aside for the charity's occupation of the land and buildings plus fixtures and fittings within those properties. This fund includes the impairment in value of two of the churches of £264,402. The Investment fund represents the funds that are held in HI GKR Fonds. The Investment fund includes an investment revaluation reserve of £111,466 (2023: £122,746). The property improvement fund represents funds set aside to fund architect and other professional fees to investigate the re-development of existing properties. The cyclical maintenance fund represents funds set aside for a fixed maintenance plan and ongoing contracts for supply of services. This includes PAT testing, legionella, fire extinguisher checks, boiler servicing and similar. page 23 ## **NEW APOSTOLIC CHURCH UK** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** ## _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **20 Restricted funds** The restricted funds of the charity comprise the unexpended balances of donations and grants held on trust subject to specific conditions by donors as to how they may be used. |**Balance at**
**1 January 2023**
**£**
German
Church support
costs
-
-|**Movement in funds**
**Incoming**
**resources**
**Resources**
**expended**
**Balance at**
**1 January 2024**
**£**
**£**
**£**
20,117
(20,117)
-
20,117
(20,117)
-|**Movement in funds**
**Incoming**
**resources**
**Resources**
**expended**
**Balance at**
**31 December**
**2024**
**£**
**£**
**£**
19,486
(19,486)
-
19,486
(19,486)
-|**Movement in funds**
**Incoming**
**resources**
**Resources**
**expended**
**Balance at**
**31 December**
**2024**
**£**
**£**
**£**
19,486
(19,486)
-
19,486
(19,486)
-| |---|---|---|---| ||||-| German Church support costs - donations were received during the year from the Parent Church to support the charitable activities of the Church and to assist with meeting certain costs. ## **21 Analysis of net assets between funds** |**Unrestricted**
**Unrestricted**
**funds**
**funds**
**general**
**designated**
**2024**
**2024**
**£**
**£**
**At 31 December 2024:**
Tangible assets
257
5,894,292
Investments
-
1,809,687
Current assets/(liabilities)
539,557
110,574
539,814
7,814,553
**Unrestricted**
**Unrestricted**
**funds**
**funds**
**general**
**designated**
**2023**
**2023**
**£**
**£**
**At 31 December 2023:**
Tangible assets
4,842
6,029,905
Investments
-
1,784,802
Current assets/(liabilities)
328,466
155,690
333,308
7,970,397|**Total**
**2024**
**£**
5,894,549
1,809,687
650,131| |---|---| ||8,354,367| ||**Total**
**2023**
**£**
6,034,747
1,784,802
484,156| ||8,303,705| page 24 ## **NEW APOSTOLIC CHURCH UK** ## **NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)** _**FOR THE YEAR ENDED 31 DECEMBER 2024**_ ## **22 Operating lease commitments** ## **Lessee** At the reporting end date the charity had outstanding commitments for future minimum lease payments under noncancellable operating leases, which fall due as follows: |Within one year
Between two and five years|**2024**
**£**
13,804
4,625
18,429|**2023**
**£**
13,804
18,429| |---|---|---| |||32,233| ## **23 Related party transactions** During the year purchases of £246,754 (2023: £234,141) were made from CSC UK Limited, a related company due to both of the directors of CSC UK Limited being related to a trustee. The amounts paid were on normal business terms. |**24**
**Cash generated from operations**
Surplus for the year
**Adjustments for:**
Investment income recognised in statement of financial activities
Loss on disposal of tangible fixed assets
Fair value gains and losses on investments
Depreciation and impairment of tangible fixed assets
**Movements in working capital:**
(Increase)/decrease in debtors
Increase/(decrease) in creditors
**Cash generated from operations**|**2024**
**£**
50,662
(59,990)
61,899
10,449
181,135
(14,905)
1,158
230,408|**2023**
**£**
24,828
(51,367)
-
(36,334)
155,141
38,063
(7,085)| |---|---|---| |||123,246| ## **25 Non-audit services provided by auditor** In common with many businesses of our size and nature we use our auditor to assist with the preparation of the financial statements. page 25