Charity Number: 11490 MINISTERIO PALAVRA GENUINA-CHRIST APOSTOLIC CHURCH LIMITED TRUSTEES. REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 3011112023 Company registered number.. 06424907
MINISTERIO PALAVRA GENUINA£HRIST APOSTOLIC CHURCH LIMITED CONTENTS Page Legal and administrative infomiation Trustees report Independent Examiner's Report Statement of finan¢ial adivities Balance Sheet Notes to the financlal stalements
MINISTERIO PALAVRA GENUINA¢HRIST APOSTOLIC CHURCH LIMITED CHARITY INFORklATION FOR THE YEAR ENDED 30th Novemr 2023 TRUSTEES: Mts. Dinah Median dos Rois Souza Olivelra Mrs. Rits El$a l$ma•l Rodrigu•$ da Co$ts REGISTERED OFFICE: 21 KnSghtsbrldgo. 3rd Floor. Offic8 S London SW1X 7LY CHARITY NUMBER: 1149096 COMPANY REGISTERED NUMBER: 06424907 ACCOUNTANTS: Calculo Con$ultan¢y 3rd Floor, Office S London SW1X 7LY LEGAL STATUS, Incorporatèd ehartty GOVERNING INSTRUMENT: Memorandum & Articles of Association
Trustses. report for the year end 30th Nov•mb•r 2023 The Iruslees present their annual report and financial stslements for the year ended 31)ih November 2023. The trustees have adopted the provisions of the Statement Practice A¢counb"ng and Reporb"ng by Charities issued in March 2005 in preparing the annual report and financial statement of the charty. Tho oblo¢ts of th• Charlty are- 1. To advance the Christian faith for the Publ benefil in su¢h ways and in $u¢h parts of the United Kingdom as the trustees from time to time may think fit. 2.To relieve sickness and financial hardship and lo promote and preserve good health by the provision of funds, goods or setvi¢es ol any kind, including through the provision ol counselling and support in such parts of the United Kingdom as the trustees from time to tr'me think rrt., and 3. To advance educatson for the public benefit in such ways and in such parts of the United Kingdom as the trustees from lime lo time may think fil. The trustees meet regularty to manage the charty affairs. The charity has many volunteers during the year. Transactlons and flnanclal posltlon The statement of financial activities shows a nel loss of £456. Flxed A•$ot8 Detailed of movements in the tangible assets used by the Charty are sel out in the NOTES TO THE ACCOUNTS. Fund avallabl• The present level of funding is adequate lo support the continuation of the chaTty principal aclNilies now in operation for the medium term, and the trustees consider the financial position of the charity to be satisfactory. Risk Manag•m•nt The trustees actively review the major risks the charity faces on a regular basis and believe that maintaining reserves at current levels. combined with an annual reviewof the controls over key financial system5, will provide sufficient resources in the event of adverse condibons. The trustee5 have also examined other operational and business risks faced by the charity and confirm that they have established systems lo mitsgale the significant nsks.
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Ind•p•ndont Examlne¢s Report To the trusts•$ MINISTERIO PALAVRA GENUINA4HRIST APOSTOLIC CHURCH UMITED I report on the accounts of the church for the year ended 30th November 2023 set OLrt on the following pages which have been prepared based on the accounting policies shown in the corresponding pages. Respective responsibilities of Iruslees and examiner The trustees of the church are responsible for the preparation of accounts.. they consider that the audit requirement under section 43121 of the Charities Act 1993 {the 1993 Act), does not apply. It Is my responsibility lo.. Examine the accounts under section 43131 of the 1993 Act. Follow the procedures laid down in the General Diwtions giwi by the Charity Commissioners made under section 4317llbl of the Act 1993 Act. Slate whether particular matters have come to my attentn. Basis of Independent examinerf$ report My examination was carned out in ac¢ord3nce with the general Dire¢b"ons given by the Charity Commissioners. An examination includes a review of the accounting records kept by the church and a comparison of the accounts presented with those records. 11 also includes ¢onsideralion of the unusual items or di$¢lo$ure$ in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide al the evidence that would be required in an audit, and consequently I do not express an 8udil opinN?n on the view given by the accounts. Independent examiner's statement Based on my examination, no rnatter5 h05 eome to my attention which gives me reasonable cause lo believe that in any material respect. accounting records have not been kept in accordance with secb.on 41 of the 1993 Act. or that the accounts presented do not accord wth those records, or comply wth the accounting requirement of the 1993 Act. No matter has come to my attention in connection wrth my examination lo which, in my opinion. attention Should be drawn to enable a proper understating of the accounts to be reached. Paulo Veronese CPAA 0910712024
IJINkSTEfqKJ PW4NRAGEwUINA-CFI$T $ToLcHURCH uiirtED
)22 Intonlng rewurctA IncOnn9 rewur¢e•frcfflqenerthd Iw Wuntary Incorne ¥J7.867 170,764 reT¢+%110Ma1IlB Oth•r Inccfflng r•iouic•s 107 887 7887 170784 R•vourc•••xpend•d Co•¢•lGon•rUng Fynd 47 14,153 14,153 39,729 6,014 30,717 Fdr&$trAn9¢OS1% Ch•rft>l• xtl¥Nb•• 17,021 17,021 16,oe5 GOv•rn¢• costs sUpprrftct 343 154,745 18.039 458 458 Oth•1 i•cognlMd ylnlkx••il GAin$ Andlu$6 ruth{W 456 4S8 Tot•lfynd mrtI¢ 42.534 42.534 -58.573 42890 429 42 $34
1111 7)17 7J17 61.7r 12 4aSJ4 SCAN Anyscanner
Tanb fixed ats Cost or valuatlon Motor Vehicle Totsl Baknce brought foar jdth.ons at 3011112023 13,( 13,008 Revaluatk)ns Disposals Transfers" Balance carried lOard I3,8 13,008 CUb7wlated depreclatlon and Inylrn*nt provlslon8 mOr Vehl¢le Totsl Balance brought loard Depreciatun charge for year 2023 knpairment proWSnS 3,252 2,439 3.252 2.439 RevaluatDns Dispos¥s Transkn. Balance Carried lOard S,891 5,691 Motor Vehlcle Total Net book value at 3011112023
MINISTERIO PALAVRA GENUINA<HRIST APOSTOUC CHURCH LIMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30th November 2023 1. A¢¢ountlng Conv•ntlon The financial statements are prepared under the historical cost convention and follow the recommendations in ' Accounting and Reporbng by Charities.. Statement of Recommended Practice issued in March 2005 ISORP 20051 and the Charities Act 2006. The charity has taken advantage of the exempti in FRS01 from the requirement to produ¢e a cash fl¢)w ststement because it is a small charity. 2. Accounting policlos Recognition of incoming rnsources These are included in the Statement of Financial Activities (Sofa) when.. The charity becomes entitled to the resources,. The Iruslees are virtualty ¢ertain they will receive the resour¢es". and The monetary value can be measured wth sufficienl reliability- Incomlng resources th rnlatod expenditure Where incoming resources have related expenditure las fijndraising or contract income) the incoming resources and related expenditure are reported gross in the Sola. Grants and donations Grants and donations are only included in the Sofa when the charity has uneonditsonal entillemenl to the resources. Tax reclalms on donatlon$ and glfts Incoming resOUe$ from lax reclaims are included in the Sofa al Ihe same time as the grft to vthich they relate. G1ft8 In klnd Gifts in kind are accountefj for al a reasonable estimate of their value to the charty or the amount actually realised. Gifts in kind for $ale or di$tributson are included in the a¢unIS a$ gifts only when sokl or di$tribLrted by the tharity. Gift8 in kind for use by the charity are included in the Sofa as incoming resources when receivable. Invè8tmgnt Income This is included in the accounts when receivable. Liability rècognition Liabilities are re¢ognised as soon as there is a legal or con$tru¢tive Obl3¢10n ¢ommilbng the charty to pay out resources. Governance costs Costs tsf the prepar*ion and examination of statutory accounts, the costs of INstee meetings and cost of any legal advice to Iru$lees on governan or nStitUtional matters. 10
MINISTERIO PALAVRA GENUINA<HRIST APOSTOUC CHURCH LIMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 301h November 2023 Grants with performance conditions Where the charity gives a grant with conditions for ils payment being a specific level of service or output lo be provided, such grants are only recognised in the Sofa once the reCI.ent of the grant has provided the specified service or output. Grants payable without performance conditions These are Orn recognised In the a¢counls when a commrtment has been made and the are no condib'ons to be met relating to the grant which iemain in the ntrol of the ¢hanty- Support Costs Support costs include central functions an¢J have been allocated lo ath.vrty cost categofies on a basis consislenl with the use ol resources, eg allocating propety cosls by lloor aa$. or per capita, slaff cosls by the time spent and other costs by their usage. Investments Investments quoted on a recognised sltxk exchange are valued al mad(el value al the year end. Other investment assets are included at trustees, best estsmate of market value. 3. Analys18 of Incomlng rOUr¢ 2023 2022 AnatyBIs Voluntary Incom• Church Dcfflati¢)ns 207,887 170.784 Total 207,887 170,784
MINISTERIO PALAVRA GENUINA£HRIST APOSTOUC CHURCH LIMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30th November 2023 2023 2022 ¢05 of generaling voluntary inGom¢ spitality Mission Aid 14.019 5.507 Totsl 14019 5,507 Fundral4ng trdlng Chaniat expe8 OffBn'r¥Js aTrJ dCnalic 14.343 25.384 39.727 15,003 15,714 30,717 Totsi management eos Total Charft•bl• 4cdvlU•¥ Tr8 17.021 18,065 Totsl 17.021 18,085 Gov•rnin¢• ¢0 Accourtaw aTrJ ccar 2,120 Total 1538 2,120 Reni 8Th1 r8ies aeaning Repairs aThJ Rerthbgls Chwch ma1nlerwe ,107 65.931 1.520 Motu exper Chwch utility .1& MolLw repair5 Mottr Insur Adwti51ny Other expertses chrect salary ar cha Fu hsurtnce Penatties NEft Other Gerwdl sles Salary Pl$51al fees Te Trainir¥J I Serniror Sta1)rY & Office suppl tweciation exFEnses 3,727 1.250 1,329 12.Ll)O 303 14.0(K) $upportG¢)¥¢ 522 2,313 293 137 2.628 507 3,575 2.961 4.174 3.252 2,440 Total 13&038 98.316 12
MINISTERIO PALAVRA GENUINA<HRIST APOSTOUC CHURCH LIMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30th Nov8mbèr 2023 9. Dabtors nla 10-11. Creditors kn)unts falling due within one ar 2023 2022 Loans and overdrafts Trade creditors ounts due to subsidiaryand associatsd undertakings Other creditors 51,755 52,534 cruals and deferred Incon Total 51,755 52,534 12. Mov•m•nt of funds un balances brought balance8 carried forward Incon¥ng resources Outgolng resources Galns and losses Transfers Fund narrE$ Unrestricted funds 207.887 207,887 42.9 42,9 Total Funds - 42,534 208,343 13
MINISTERIO PALAVRA GENUINA<HRIST APOSTOUC CHURCH LIMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 301h November 2023 13. Employees EThployaes 2023 2022 Tha parts of tha charity in th1¢h the employees Irk Fundraisin charrtab ktivthes Governance Other Totsl 14. Tru8ts08 Exp•n••s 2023 2022 NUrrtr of trustees were pald expenses Naturo of the oxpensos Total anwunt pald £0 15. F••s for examlnatlon or audlt tho accounts 2023 2022 Ind9nd0nt •xanlMr'8 or audttors. f••8 for r•portlny on the accourrts Oth•r fèas Ifor •xaffpl•: advle•, eonsultaney, aceountan¢y services) paid to the independent eXaner or auditor £0 £0 £0 £0 14
MINISTERIO PALAVRA GENUINA<HRIST APOSTOUC CHURCH LIMITED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30th Novombgr 2023 16. Granting nla Dear Slrn. W8 confimi tho following infomiation in conn8ction with thè financial statèmènts for tha yoar 30th Novomr 2017 is to be best of our knowledge and belief. true and fair. bearing in mind the requirements of the Charities Act 1993. G8n8ral To the best our acknowledge and belied all tranSaCtnS undertaken have been property recorded in the accounting records and these financial statements and am relevant records have been given to you. 2. A¢¢ountlng Pollclos The A¢¢ountings policies used and delailed in the financial slalements and are consistent with those adopted in the previous financial statements. 3. Statémènt of Fln*n¢lal A¢tlvltlè#- Exc•pt as dlsclos•d In tho financlal Jtstsmènts, thè f•$ults for thè yaar wor¢ not matsrlally aff•¢t¢d by.. 11 transactions of a sort not usually undertaken by the charity 21 circumstances of an exceptional or non-recurrent nature 31 charge5 or credits relating lo prior periods or 41 Any change in the basis of accounting. Any expenditure included in the financial Statements {where receipts or vouchers were not available) was properfy made in connection with the carrying on of the charity's business. unless specificalty notified to you as being of a private nature. 4. Flxed A$sets17,3171 The amount included in the financial statements are all valid fixed a$$ets. 5. D•btorn l£O.001 Balances included in the financial statements are all vah'd Ilebtors or ppaYMents. 6. Othor Curront Ass•ts1£1.4481 In our opinion, other current assets area expected lo realise in Ihe ordinary Course of business at least the amounts al which they are slated in the Charity's Balance Sheet. 7. Llabilities1£51.7551 All know liabilib'es of material al 30th November 2023 are shown in the financial statements including the liability. 8. Capital Commitments AI 30th November 2023 there were no ¢ommitments for capitsl expeThJiture 9. Contingent Liabilities No eontingenl Iiabililies existed on 30th November 2023. 15
IIIIIISTEAIO PALAVRA GEIIUWA<HRIST APO8TOUC CHIIRCH LWITEO PIOTES TO ThE ACCOUI FOR THE YEAR ENDED Joth 110MlI0?) c¥ thfth• 12 frryn lth• dlh 14. LaT Ind R•Bul 16 SCAN Anyscanner