**Charity Number:** 1149096 MINISTERIO PALAVRA GENUINA-CHRIST APOSTOLIC CHURCH LIMITED TRUSTEES` REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30/11/2024 Company registered number: 06424907 **MINISTERIO PALAVRA GENUINA-CHRIST APOSTOLIC CHURCH LIMITED** ## **TRUSTEES` REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 30/11/2024** |**CONTENTS**|| |---|---| ||**Page**| |**Legal and administrative information**|**3**| |**Trustees report**|**4**| |**Independent Examiner’s Report**|**5**| |**Statement of financial activities**|**7**| |**Balance Sheet**|**8**| |**Notes to the financial statements**|**9**| 2 **MINISTERIO PALAVRA GENUINA-CHRIST APOSTOLIC CHURCH LIMITED** ## **TRUSTEES` REPORT AND FINANCIAL STATEMENTS** ## **FOR THE YEAR ENDED 30/11/2024** **TRUSTEES: Mrs. Dinah Median dos Reis Souza Oliveira Mrs. Rita Elsa Ismael Rodrigues da Costa REGISTERED OFFICE: 13 St. Swithin's Lane, Room 2 London England EC4N 8AL CHARITY NUMBER: 1149096 COMPANY REGISTERED NUMBER: 06424907 ACCOUNTANTS: Metodo Consultancy 13 St. Swithin's Lane, Room 2 London England EC4N 8AL LEGAL STATUS: Incorporated charity GOVERNING INSTRUMENT: Memorandum & Articles of Association** 3 **MINISTERIO PALAVRA GENUINA-CHRIST APOSTOLIC CHURCH LIMITED** ## **Trustees’ Annual Report for the year ended 30 November 2024** The trustees present their annual report and financial statements for the year ended 30 November 2024. The financial statements have been prepared in accordance with the accounting policies set out in the notes to the accounts and comply with the charity's governing document, the Charities Act 2011, and the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP 2005), as issued by the Charity Commission in March 2005. ## **Charitable Objectives** The charity’s objects, as set out in its governing document, are: To advance the Christian faith for the public benefit in such ways and in such parts of the United Kingdom as the trustees may from time to time think fit. To relieve sickness and financial hardship, and to promote and preserve good health by the provision of funds, goods or services of any kind, including through the provision of counselling and support, in such parts of the United Kingdom as the trustees may from time to time think fit. To advance education for the public benefit in such ways and in such parts of the United Kingdom as the trustees may from time to time think fit. These charitable purposes are pursued in accordance with the public benefit requirements set out in the Charities Act 2011. The trustees have complied with the duty under section 17(5) of the Act to have due regard to guidance published by the Charity Commission on public benefit. ## **Governance and Management** The charity is governed by a board of trustees, who are responsible for the overall direction, strategy, and compliance of the organisation. The trustees meet regularly to monitor the charity’s operations, ensure that its activities align with its stated objects, and make decisions on key matters. During the year, the charity was supported by dedicated volunteers who contributed their time and skills to further the charity’s work. Their involvement remains essential to the delivery of the charity’s programmes and services. ## **Transactions and financial position** The statement of financial activities shows a net loss of £2,350. ## **Fixed Assets** Details of movements in the tangible fixed assets used by the charity are set out on page 9 of these financial statements. ## **Fund available** The present level of funding is adequate to support the continuation of the charity principal activities now in operation for the medium term, and the trustees consider the financial position of the charity to be satisfactory. ## **Risk Management** The trustees have a duty to identify and manage the major risks facing the charity. A risk register is maintained and reviewed regularly to assess strategic, financial, operational, and reputational risks. Key risks identified during the year included: - Financial sustainability due to fluctuations in donations and external funding. - Volunteer capacity, given reliance on volunteer contributions. - Compliance and safeguarding, ensuring adherence to legal and regulatory requirements. The trustees have taken steps to mitigate these risks through prudent financial management, volunteer engagement strategies, and regular policy reviews. 4 INISTERIO PALAVRA GENUINA£HRIST APOSTOLIC CHURCH LIMITED Ind•p•nd•nt Ex•mln•V• R•port to th• Tm•i ft•*pw￿• R••pon•lbllltkn of TnAtM• •nd Ex*rnln•r chartty's truslees are resp￿8419e lor the pr•par8tlon of Iho 8ccounl8. trusleeg havè delermkned Ihat an audrt Ls r￿+1 requlfed lor Ihl3 year under $ecll¢J) 144121 ol Chortlth Acl 2011 (tho Atll oThJ Ihat in I￿lepend¥￿ e¥wThnats"( li necessary. Ind•p•nd•nt Ex•mln•tlon ChaTity14w f￿￿re# thè tntslerf to rnfe finandal st8twneni$ lor each fina[￿81 y•ar a true aTrJ fa* ofthe chartty's financw al th# ye8f-erMI and of Its Incornlry resourtgs 8nd mources e¥F*ThJed th year. In preparww Ihose finan¢Lql slalements. the tru&tets are req￿r￿ lo. Stht 4ccMty ￿4r￿e5 appty Ihem tonslstenity. M&ke jud9vments estlmates IhBI 8Tr reasonab￿ aThJ pnk1ent. SIBle awlcable aC￿nIl￿g standards and Slalemtrnts ol Recornrnended Praclico ISORP) hale been Id1r￿ed. subj'ect lo any departures disdosed and explaineLI In Ihe financial state￿￿ts. Prepare Ihe financial 51alemenls ￿ a g￿llg ba$1$ UTh￿8$ it is snappropriale to wesurro Ihai ts L*aiity c•ntlnue ￿ t￿lneSS. tru51ees a￿ responslbie for Kee￿rrfJ proper accwnt¥ryg iewds that disdose. with reasonable a¢￿acY. at any Ix ffinbnri81 posrticrt) of Its charity and enable Ihem lo ensure that the finBndal statements cornpty y￿1h Charths A 2011. are also ￿pOnsIb￿ lor $afeguardlng the as$e15 Oft￿ charrty and ta￿n9 reasonable steps for Ihe e￿nti￿ delection of fraud and other Irreg￿OrItie5. AppoInth￿rt d Indopond•nt Examlnor A yeS￿￿10n pra￿sIr￿j Ihal Paulo Ver(*)e8e te ￿3P￿(1rrted as ￿ler¥Jent examiner wll be put to Ihe knua¢ G8ner81 MeetiTrJ. Tlts ¥As aFvobrd by the trnL8tee5 on 14 May 2025 sh3￿j on its behavby.. Mrs Dinah Olivetra Tfustee 1410512025 Mr5 Rrta Elsa da Co$ta Twstee 14105r2025 SCAN Anyscanner **MINISTERIO PALAVRA GENUINA-CHRIST APOSTOLIC CHURCH LIMITED** ## **Independent Examiner’s Report to the Trustees of Ministerio Palavra Genuina-Christ Apostolic Church Limited** I report on the accounts of the charity for the year ended 30th November 2024, which are set out on the following pages and have been prepared based on the accounting policies shown in the corresponding pages. ## **Respective Responsibilities of Trustees and Examiner** The trustees of the church are responsible for the preparation of the accounts. They consider that the audit requirement under section 43(2) of the Charities Act 1993 (the 1993 Act) does not apply. It is my responsibility to: - Examine the accounts under section 43(3) of the 1993 Act. - Follow the procedures laid down in the General Directions given by the Charity Commissioners under section 43(7)(b) of the 1993 Act. - State whether matters have come to my attention. ## **Basis of Independent Examiner’s Statement** My examination was carried out in accordance with the general directions given by the Charity Commission. An independent examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also involves considering any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning such matters. The procedures I have undertaken do not provide all the evidence that would be required in an audit, and therefore, I do not express an opinion as to whether the accounts present a “true and fair view”. My report is limited to those matters set out in the statement below. ## **Independent Examiner’s Statement** Based on my examination, no matters have come to my attention which gives me reasonable cause to believe that, in any material respect: - Accounting records have not been kept in accordance with section 41 of the 1993 Act; or - The accounts presented do not accord with those records or comply with the accounting requirements of the 1993 Act. No matter has come to my attention in connection with my examination to which, in my opinion, attention should be drawn to enable a proper understanding of the accounts to be reached. Paulo Veronese CPAA 07338918A 14/05/2025 6 **MINISTERIO PALAVRA GENUINA-CHRIST APOSTOLIC CHURCH LIMITED** ## **Statement of Financial Activities for the year ended 30/11/2024** **----- Start of picture text -----**
Statement of Financial Activities
for the year ended 30/11/2024
Unrestricted 2024 2023
Notes Funds
£
Incoming resources
Incoming resources from generated funds 3
Voluntary income 235,193 235,193 207,887
Total incoming resources 235,193 235,193 207,887
Resources expended 4-7
Costs of Generating Funds
Costs of generating voluntary income 15,280 15,280 14,153
Fundraising trading costs 72,849 72,849 39,729
Charitable activities 14,578 14,578 17,021
Support cost 134,836 134,836 137,440
Total resources expended 237,543 237,543 208,343
Net incoming/(outgoing) resources before transfers -2,350 -2,350 -456
Gross transfers between funds
Net incoming/(outgoing) resources before other
recognised gains/(losses) -2,350 -2,350 -456
Net movement in funds -2,350 -2,350 -456
Total funds brought forward -42,990 -42,990 -42,534
Total funds carried forward -45,340 -45,340 -42,990
**----- End of picture text -----**
7 MINISTERIO PALAVRA GENUINA.CHRIST APOSTOLK CHURCH LIIAITED B•l•n¢• Sh••t a• at for th• y••r•nd•d 31Y1112024 Unro•td¢t•d fund¥ Flx•d JHgt• T•Thglbl• •￿ts 5.488 7.317 Curr•rrt •B••ts C•th at In hwKI 4,3 4.399 4,39 55.227 55.227 5Q828 -50.82e 45,340 45.￿0 4990 45.240 45,3￿ ￿99tr ¢r•dIto￿. •r•urbtsf•lllTrll *￿th￿Tr on• 10 curMtass¢t4111•ts111 51,755 Fund¥ t4 the 12 Tot•tfunds 340 4*340 4IM) FLYthe year ended 30 November 2024, the charrty Was e￿Idled to exemption under 477 of Ihe Companies Acl 2006. relatiry io srnall companie5. No olthe charty ha5 r￿uIred an a￿*t ofits accourrt$ lor t￿year in a￿OrdanCe ￿th 5e¢tton 476 oflhe c￿nieS 20rffj. acknty** tw re5pon$lbility for. ensuriThJ the charity keeps account5rvJ recor0$ which sedon 386 of the Corrpanies Acl 2c￿fj, and epaliry acwunts glve 8 tru8 and fair viewof the 9181e of affalts of the ¢harity as at th• eryj of Ihe fx)anc4al year aTrJ of ts profft or Ios5 lor the finanaal year in accordance*ith Ihe iequiren*nts of seclim 393 of the Compan6e5 Acl 2006 and which Oth0Th￿se compty wlh requiren*rts of the Acl reLgting lo accounts, so far a$ 8pplt4bte to the ch¥ty. These finarval staterrEnts ha¥e been wepared Sn accordan￿ the speci81 provisl¢)ns relating lo sma cryryanie5 Part 15 01 the C¢)Mpan￿$ Act 2006 and lh8 Financial Reporting Slandatd appIl￿b* the UK aThJ of IrelaTrY IFRS 102), Sedon 1A- Sm811 Entstbes. fin8naal slalemenl$ were approved by Ihe Bowd of T￿￿186$ author￿ed lor Sssug gn 1410W2025 ¥TrJ are 8¥nwJ ￿ oohawof Ihe Bowd by." Mrs tJn8h OllveK Tru51ee 14105r2025 Ccmpany Registralkin Nurnber". C6424907 Charty Rogl$lr81Son Nvmbw.. 114W SCAN Anyscanner **MINISTERIO PALAVRA GENUINA-CHRIST APOSTOLIC CHURCH LIMITED** ## **Tangible Fixed Assets** |**Cost or valuation**|**Cost or valuation**|||| |---|---|---|---|---| |||**Motor**
**Vehicle**||**Total**| |||**£**||**£**| |Balance brought forwar||13,008||13,008| |Balance carried forward||13,008||13,008| |||||| |**Accumulated depreciation and impairment**
**provisions**||**Motor**
**Vehicle**||**Total**| |||**£**||**£**| |Balance brought forward||5,691||5,691| |Depreciation charge for year 2024||1,829||1,829| |**Balance carried forward**||7,520||7,520| |||||| |||**Motor**
**Vehicle**||**Total**| |||**£**||**£**| |**Net book value at 30/11/2024**||**5,488**||**5,488**| ## **Accounting policy:** Tangible fixed assets are stated at cost less accumulated depreciation. Depreciation is provided to write off the cost of tangible fixed assets over their estimated useful lives on the following bases: Motor vehicles – 20% reducing balance No tangible fixed assets were disposed of during the year. 9 **MINISTERIO PALAVRA GENUINA-CHRIST APOSTOLIC CHURCH LIMITED** ## **Notes to the Financial Statements for the year ended 30/11/2024** ## **1. Accounting Convention** The financial statements have been prepared under the historical cost convention and in accordance with: - The Charities SORP (FRS 102): 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 (Section 1A – Small Entities), - The Companies Act 2006, and - The Charities Act 2011. - The charity is a public benefit entity as defined under FRS 102. As permitted by FRS 102 Section 1A, and in accordance with the Charities SORP (FRS 102), the charity has not prepared a statement of cash flows, on the grounds that it qualifies as a small charity. ## **2. Accounting policies** ## **2.1 Recognition of Income** Income is recognised in the Statement of Financial Activities (SoFA) when all of the following criteria are met: - The charity has entitlement to the income; - It is probable that the income will be received; and - The amount can be measured reliably. ## **2.2 Incoming Resources with Related Expenditure** Where income has related expenditure (such as fundraising events or contract income), the income and associated costs are reported gross in the Statement of Financial Activities. ## **2.3 Grants and Donations** Grants and donations are recognised when the charity has unconditional entitlement to the funds, it is probable they will be received, and the amount can be measured reliably. Where grants are subject to performance conditions or other terms, income is only recognised when those conditions have been met. ## **2.4 Gifts in Kind** Gifts in kind for resale or distribution are recognised when they are sold or distributed. Gifts in kind for use by the charity are recognised as income when receivable and are measured at the estimated fair value to the charity. ## **2.5 Investment Income** Investment income is recognised when it is receivable, and the amount can be measured reliably. ## **2.6 Liability Recognition** Liabilities are recognised when the charity has a legal or constructive obligation to make a payment to a third party, it is probable that settlement will be required, and the amount can be measured reliably. ## **2.7 Governance Costs** Governance costs include the costs associated with the statutory requirements of the charity, including: - The preparation and independent examination of the financial statements; - Legal advice to trustees on constitutional or governance matters; - Trustee meetings and compliance with regulatory requirements. 10 **MINISTERIO PALAVRA GENUINA-CHRIST APOSTOLIC CHURCH LIMITED** ## **2.8 Grants Payable** ## **2.8.1 Grants with performance conditions** Grants awarded by the charity that are subject to performance conditions (i.e. requiring a specific service or level of output) are recognised in the Statement of Financial Activities (SoFA) only when the recipient has provided the required service or met the agreed output. ## **2.8.2 Grants payable without performance conditions** Grants awarded without performance conditions are recognised as a liability and recorded in the SoFA when the charity has made a binding commitment to make the payment and there are no remaining conditions within the charity’s control. ## **2.9 Support Costs** Support costs represent indirect costs incurred in supporting charitable activities. These include general management, financial administration, HR, and premises-related costs. Support costs are allocated to charitable activities based on reasonable and consistent criteria. ## **2.11 Investments** Investments quoted on a recognised stock exchange are stated at their market value at the balance sheet date. Unlisted investments and other investment assets are stated at the trustees’ best estimate of fair value at the year end. Changes in market value are recognised in the SoFA as gains or losses on investments. 11 **MINISTERIO PALAVRA GENUINA-CHRIST APOSTOLIC CHURCH LIMITED** ## **3. Analysis of incoming resources** ||**Analysis**|**2024**||**2023**| |---|---|---|---|---| |||**£**||**£**| |**Voluntary income**|Church Donations|235,193||207,887| ||**Total**|235,193||207,887| ## **3.1 Analysis of resources expended** |||**2024**||**2023**| |---|---|---|---|---| |||||| |**Costs of generating**|Hospitality|14,860||14,019| |||**14,860**||**14,019**| |||||| |**Fundraising trading**
**costs**|Charitable expenses|||14,343| ||Offerings and donations|72,849||25,384| |||**72,849**||**39,727**| |||||| |**Charitable activities**|Travel|14,578||17,021| |||**14,578**||**17,021**| |||||| |**Governance costs**|Accountancyand Consultancy|2,819||2,538| |||**2,819**||**2,538**| |**Support cost**||||| ||Rent and rates|75,523||96,107| ||Church maintenance|-||1,520| ||Motor expenses|188||158| ||Church utilitybills|2,260||3,727| ||Motor repairs|25,371||500| ||Other expenses|296||1,329| ||Director salary|12,000||12,000| ||Fuel|448||522| ||Insurance|1,972||2,313| ||Penalties|255||293| ||NIC ER|420||137| ||Salary|3,000||1,390| ||Telephone|3,589||3,575| ||Stationery& Office supplies|5,286||9,027| ||Depreciation expenses|1,829||2,440| |||**132,437**||**135,038**| ||**Total resources expended**|**237,543**||**208,343**| 12 **MINISTERIO PALAVRA GENUINA-CHRIST APOSTOLIC CHURCH LIMITED** ## **4. Debtors** There were no debtors at the year-end 30 November 2024. ## **5. Creditors** |**5. Creditors**|||| |---|---|---|---| ||**Amounts falling due within**
**oneyear**||| ||**2024**||**2023**| ||**£**||**£**| |**Other creditors**|55,227||51,755| |**Total**|55,227||51,755| ## **6. Movement of funds** |**Fund names**|**Fund**
**balances**
**brought**
**forward**|**Incoming**
**resources**|**Outgoing**
**resources**|**Transfers**|**Gains and**
**losses**|**Fund**
**balances**
**carried**
**forward**| |---|---|---|---|---|---|---| ||**£**|**£**|**£**|**£**|**£**|**£**| |Unrestricted funds|-42,990|235,193|237,543|-|-|-45,340| |**Total Funds**|- 42,990|235,193|237,543|-|-|- 45,340| ## **7. Employees** |**Employees**|**Employees**||**2024**|**2023**| |---|---|---|---|---| |**The parts of the charity in which the**
**employees work**||Charitable Activities|1|1| |||Governance|1|| |||**Total**|2|1| ## **8. Trustees Expenses** No trustee expenses were paid during the year ended 30 November 2024 ## **9. Fees for examination or audit the accounts** No fees were paid for the examination or audit of the accounts for the year ended 30 November 2024. ## **10. Granting** No grants were awarded during the year ended 30 November 2024. 13 **MINISTERIO PALAVRA GENUINA-CHRIST APOSTOLIC CHURCH LIMITED** Dear Sirs, We confirm that the following information in connection with the financial statements for the year ended 30th November 2024, to the best of our knowledge and belief, is true and fair, bearing in mind the requirements of the Charities Act 1993. ## **General** To the best of our knowledge and belief, all transactions undertaken by the charity have been properly recorded in the accounting records and these financial statements, and all relevant records have been provided to you. ## **Accounting Policies** The accounting policies used and detailed in the financial statements are consistent with those adopted in the previous financial year. ## **Statement of Financial Activities** Except as disclosed in the financial statements, the results for the year were not materially affected by: - Transactions of a sort not usually undertaken by the charity; - Circumstances of an exceptional or non-recurrent nature; - Charges or credits relating to prior periods; or - Any change in the basis of accounting. Any expenditure included in the financial statements (where receipts or vouchers were not available) was properly made in connection with the carrying on of the charity’s business, unless specifically notified to you as being of a private nature. ## **Fixed Assets (£5,488)** The amount included in the financial statements represents valid fixed assets. ## **Debtors (£0.00)** The balances included in the financial statements represent valid debtors or prepayments. ## **Other Current Assets (£4,399)** In our opinion, other current assets are expected to realise, in the ordinary course of business, at least the amounts at which they are stated in the charity's balance sheet. ## **Liabilities (£55,227)** All known liabilities of material importance as at 30[th] November 2024 are shown in the financial statements, including the liability noted. ## **Capital Commitments** At 30th November 2024, there were no commitments for capital expenditure. ## **Contingent Liabilities** No contingent liabilities existed as at 30th November 2024. 14 MINISTERIO PALAVRA GeNUINA4HRIST APOSTOLIC CHURCH LIMITED P••i 8•l•nc• Sh••1 E¥•nt• No e¥enls have oeuwred behwn 3Cth Novemt*r 2024 and lh• dote ofthls letter that coukl mgtwlalty aff•cl Ihe frnancial ststements. Tr•rwctlon• *lth Tru•1• JI transacltTh tt* b￿8￿$ tr Ihe year tnded 30th N￿mber 2024 are fulty dlscbaeil In ￿ accwnts. Oth•r Rgl•t•d P•rty TrnnMcllon• There other rdaiod paty transactions during the year ¢rbYed 30th No¥ember 2024. Golng Conwn In our cyinion. the thanty vlll hava adeq￿te resourcej avallabkn to finan￿ its trBdw aTrJ olhgr o1mhJat￿ for the 12 rn￿th$ followng the date of ihL8 lettér. L￿ and R•gul•tlon• * that the charty has compli8d ￿th all ￿leVant la￿ and regulations goveming its oc11vrt￿ durin9 the year ur#Jer extemal exarinauon. FwlhermLYe, ¥4e have mad8 available all relevant Info￿ath)n ￿CesS￿ lor exkmal exanynation purF4)se$. YoLn failhftlty. Mrd Dknah 011￿￿ 1410Y2025 15 SCAN Anyscanner