**REGISTERED CHARITY NUMBER: 1151278**
## **REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 FOR**
## **THE APOSTLES' CONTINUATION CHURCH INTERNATIONAL HACKNEY/SEVEN SISTERS ASSEMBLY**
Appiatse & Associates Chartered Certified Accountants 191 Waltham Way Chingford London E4 8AG
**THE APOSTLES' CONTINUATION CHURCH INTERNATIONAL HACKNEY/SEVEN SISTERS ASSEMBLY**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
||Page|
|---|---|
|Report of the Trustees|1 to 2|
|Statement of Trustees Responsibilities|3|
|Independent Examiner's Report|4|
|Statement of Financial Activities|5|
|Balance Sheet|6|
|Notes to the Financial Statements|7 to 10|
|Detailed Statement of Financial Activities|11 to 12|
## **THE APOSTLES' CONTINUATION CHURCH INTERNATIONAL HACKNEY/SEVEN SISTERS ASSEMBLY**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020**
The trustees present their report with the financial statements of the charity for the year ended 31 December 2020. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Charity number**
1151278
## **Principal address**
International House Tariff Road London N17 0DY
## **Trustees**
D O Acquah Ms J Acheampong Mrs V A Akoto E Bour - appointed 1.4.20
## **Independent examiner**
Appiatse & Associates Chartered Certified Accountants 191 Waltham Way Chingford London E4 8AG
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.
## **Risk management**
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
The Pastor and his Elders are the managing trustees of the charity. They meet monthly or as the situation may require to discus and plan objectives and implementation thereof
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
- To advance the Christian faith in accordance with the statement of beliefs appearing in the schedule hereto in London and in such parts of the world as the Trustees may from time to time think fit.
- To relieve persons who are in conditions of need or sick and to relieve the distress caused, in London and in such other parts of the United Kingdom or the world.
- To promote and fulfil such other charitable purposes beneficial to the community in London and in such other parts of the world.
Page 1
## **THE APOSTLES' CONTINUATION CHURCH INTERNATIONAL HACKNEY/SEVEN SISTERS ASSEMBLY**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020**
## **OBJECTIVES AND ACTIVITIES**
## **Objectives for the year**
In addition to the above, the Charity sought in the year:-
- To raise the necessary funds to purchase a place of worship with offices
- To plant other churches in the UK
- To increase Sunday service attendance
- To be more involved in Community work.
- To advance education in accordance with Christian principles.
## **Volunteers**
In addition to members' financial contributions to the charity, some members do provide valuable voluntary services. Some of these roles and activities include counselling, teaching in the various Sunday schools, music and & video ministry and administration.
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
The Charity has engaged in intensive evangelism in the community and has supported the youth in music, drama and other recreational activities.
Sunday service attendance has increased drastically resulting in two services on Sundays and three other services during the week.
The trustees are satisfied with the performance of the charity during the year, and its financial position as at 31st December 2018. The Charity is in a strong position to continue its activities during the coming years.
## **FINANCIAL REVIEW**
## **Principal funding sources**
The Charity's funding is mainly from members of The Apostles' Continuation Church Hackney Seven Sisters Assembly which includes generous donations, tithe, offering and special appeal for funds to finance special needs.
Other areas of sources of funds are Gift Aid and Bank Investment Income.
The main source of income continues to be the regular donations of the members of the church and the gift aid scheme. The main expenditure of the church is rent and the running costs of the church activities. The church has no paid employees or trustees.
The Statement of Financial activities show gross income of £103,904. The total resources expended were £50,090 leaving a net surplus of £53,814.
Approved by order of the board of trustees on 9 August 2021 and signed on its behalf by:
Mrs V A Akoto - Trustee
Page 2
## **THE APOSTLES' CONTINUATION CHURCH INTERNATIONAL HACKNEY/SEVEN SISTERS ASSEMBLY**
## **STATEMENT OF TRUSTEES RESPONSIBILITIES FOR THE YEAR ENDED 31 DECEMBER 2020**
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed 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 charity for that period. In preparing those financial statements, the trustees are required to
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charity SORP;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. 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 3
**INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE APOSTLES' CONTINUATION CHURCH INTERNATIONAL HACKNEY/SEVEN SISTERS ASSEMBLY**
I report on the accounts for the year ended 31 December 2020, which are set out on pages five to ten.
## **Responsibilities and basis of report**
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I have examined your charity's accounts as required under section 145 of the Charities Act 2011 ('the Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
My role is to state whether any material matters have come to my attention giving me cause to believe:
1. that accounting records were not kept as required by section 130 of the Act; or
2. that the accounts do not accord with those records; or
3. that the accounts do not comply with the accounting requirements of the Act; or
4. that there is further information needed for a proper understanding of the accounts.
## **Independent examiner's statement**
I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission I have found no matters that require drawing to your attention.
Ekow Appiatse FCCA Appiatse & Associates Chartered Certified Accountants 191 Waltham Way Chingford London E4 8AG
9 August 2021
Page 4
**THE APOSTLES' CONTINUATION CHURCH INTERNATIONAL HACKNEY/SEVEN SISTERS ASSEMBLY**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020**
|**31.12.20**
**Unrestricted**
**fund**
Notes
**£**
**INCOMING RESOURCES**
**Incoming resources from generated funds**
Voluntary income
**87,707**
Activities for generating funds
2
**11,095**
Investment income
3
**5,102**
**Total incoming resources**
**103,904**
**RESOURCES EXPENDED**
**Charitable activities**
charitable
**25,611**
**Governance costs**
**720**
**Other resources expended**
**23,759**
**Total resources expended**
**50,090**
**NET INCOMING RESOURCES**
**53,814**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**172,564**
**TOTAL FUNDS CARRIED FORWARD**
**226,378**|31.12.19
Total
funds
£
114,399
26,355
4,500|
|---|---|
||145,254
52,109
720
42,715|
||95,544|
||49,710
122,854|
||172,564|
## **CONTINUING OPERATIONS**
All incoming resources and resources expended arise from continuing activities.
The notes form part of these financial statements
Page 5
**THE APOSTLES' CONTINUATION CHURCH INTERNATIONAL HACKNEY/SEVEN SISTERS ASSEMBLY**
## **BALANCE SHEET AT 31 DECEMBER 2020**
|**31.12.20**
**Unrestricted**
**fund**
Notes
**£**
**FIXED ASSETS**
Tangible assets
5
**4,760**
**CURRENT ASSETS**
Debtors
6
**16,771**
Cash at bank
**204,847**
**221,618**
**NET CURRENT ASSETS**
**221,618**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**226,378**
**NET ASSETS**
**226,378**
**FUNDS**
7
Unrestricted funds
**226,378**
**TOTAL FUNDS**
**226,378**|31.12.19
Total
funds
£
4,321
16,771
151,472|
|---|---|
||168,243|
||168,243|
||172,564|
||172,564|
||172,564|
||172,564|
The financial statements were approved by the Board of Trustees on 9 August 2021 and were signed on its behalf by:
Mrs V A Akoto -Trustee
The notes form part of these financial statements
Page 6
**THE APOSTLES' CONTINUATION CHURCH INTERNATIONAL HACKNEY/SEVEN SISTERS ASSEMBLY**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **1. ACCOUNTING POLICIES**
## **Accounting convention**
The financial statements have been prepared under the historical cost convention, the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
## **Incoming resources**
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
## **Resources expended**
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
|Plant and machinery|- 25% on cost|
|---|---|
|Fixtures and fittings|- 25% on cost|
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **2. ACTIVITIES FOR GENERATING FUNDS**
|||**31.12.20**|31.12.19|
|---|---|---|---|
|||**£**|£|
||Fundraising events|**9,390**|24,445|
||Welfare|**1,490**|1,310|
||Women's Fellowship|**155**|520|
||Men's Fellowship|**60**|80|
|||**11,095**|26,355|
|**3.**|**INVESTMENT INCOME**|||
||**31.12.20**|31.12.19|
|---|---|---|
||**£**|£|
|Rents received|**4,600**|4,500|
|Deposit account interest|**502**|-|
||**5,102**|4,500|
Page 7
**THE APOSTLES' CONTINUATION CHURCH INTERNATIONAL HACKNEY/SEVEN SISTERS ASSEMBLY**
## **NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2020**
## **4. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 December 2020 nor for the year ended 31 December 2019 .
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 December 2020 nor for the year ended 31 December 2019 .
## **5. TANGIBLE FIXED ASSETS**
|**Plant and**
**Fixtures and**
**machinery**
**fittings**
**£**
**£**
**COST**
At 1 January 2020
**1,000**
**6,590**
Additions
**3,114**
**-**
At 31 December 2020
**4,114**
**6,590**
**DEPRECIATION**
At 1 January 2020
**500**
**2,769**
Charge for year
**1,028**
**1,647**
At 31 December 2020
**1,528**
**4,416**
**NET BOOK VALUE**
At 31 December 2020
**2,586**
**2,174**
At 31 December 2019
500
3,821
**6.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
**31.12.20**
**£**
Other debtors
**16,771**
**7.**
**MOVEMENT IN FUNDS**
**Net**
**movement in**
**At 1.1.20**
**funds**
**At**
**£**
**£**
**Unrestricted funds**
General fund
**172,564**
**53,814**
**TOTAL FUNDS**
**172,564**
**53,814**|**Totals**
**£**
**7,590**
**3,114**
**10,704**
**3,269**
**2,675**
**5,944**
**4,760**
4,321
31.12.19
£
16,771
**31.12.20**
**£**
**226,378**|**Totals**
**£**
**7,590**
**3,114**|
|---|---|---|
|||**10,704**|
|||**3,269**
**2,675**|
|||**5,944**|
|||**4,760**|
|||4,321|
||**226,378**||
Page 8
**THE APOSTLES' CONTINUATION CHURCH INTERNATIONAL HACKNEY/SEVEN SISTERS ASSEMBLY**
## **NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2020**
## **7. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
||**Incoming**|**Resources**|**Movement in**|
|---|---|---|---|
||**resources**|**expended**|**funds**|
||**£**|**£**|**£**|
|**Unrestricted funds**||||
|General fund|**103,904**|**(50,090)**|**53,814**|
|**TOTAL FUNDS**|**103,904**|**(50,090)**|**53,814**|
|**Comparatives for movement in funds**||||
|||**Net**||
|||**movement in**||
||**At 1.1.19**|**funds**|**At 31.12.19**|
||**£**|**£**|**£**|
|**Unrestricted Funds**||||
|General fund|**122,854**|**49,710**|**172,564**|
|**TOTAL FUNDS**|**122,854**|**49,710**|**172,564**|
|||||
|Comparative net movement in funds, included in the|above are as follows:|||
||**Incoming**|**Resources**|Movement in|
||**resources**|**expended**|funds|
||**£**|**£**|£|
|**Unrestricted funds**||||
|General fund|**145,254**|**(95,544)**|**49,710**|
|**TOTAL FUNDS**|**145,254**|**(95,544)**|**49,710**|
|||||
|A current year 12 months and prior year 12 months combined position is as follows:||||
|||**Net**||
|||**movement in**||
||**At 1.1.19**|**funds**|**At 31.12.20**|
||**£**|**£**|**£**|
|**Unrestricted funds**||||
|General fund|**122,854**|**103,524**|**226,378**|
|**TOTAL FUNDS**|**122,854**|**103,524**|**226,378**|
Page 9
**THE APOSTLES' CONTINUATION CHURCH INTERNATIONAL HACKNEY/SEVEN SISTERS ASSEMBLY**
## **NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2020**
## **7. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
||**Incoming**|**Resources**|**Movement in**|
|---|---|---|---|
||**resources**|**expended**|**funds**|
||**£**|**£**|**£**|
|**Unrestricted funds**||||
|General fund|**249,158**|**(145,634)**|**103,524**|
|**TOTAL FUNDS**|**249,158**|**(145,634)**|**103,524**|
Page 10
**THE APOSTLES' CONTINUATION CHURCH INTERNATIONAL HACKNEY/SEVEN SISTERS ASSEMBLY**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES**
## **FOR THE YEAR ENDED 31 DECEMBER 2020**
|**INCOMING RESOURCES**
**Voluntary income**
Tithe
Offering
Thanksgiving
Gift Aid
Pledges
**Activities for generating funds**
Fundraising events
Welfare
Women's Fellowship
Men's Fellowship
**Investment income**
Rents received
Deposit account interest
**Total incoming resources**
**RESOURCES EXPENDED**
**Charitable activities**
Rent & rates
Post, Stationery & Telephone
Advertising & Publicity
Sundries
Welfare
Travelling
Repairs and renewals
**Governance costs**
Accountancy|**31.12.20**
**£**
**35,336**
**21,124**
**3,636**
**27,611**
**-**
**87,707**
**9,390**
**1,490**
**155**
**60**
**11,095**
**4,600**
**502**
**5,102**
**103,904**
**20,850**
**1,088**
**-**
**90**
**3,583**
**-**
**-**
**25,611**
**720**|31.12.19
£
47,306
52,376
7,662
-
7,055|
|---|---|---|
|||114,399
24,445
1,310
520
80|
|||26,355
4,500
-|
|||4,500|
|||145,254
44,714
1,478
1,021
-
3,000
1,000
896|
|||52,109
720|
This page does not form part of the statutory financial statements
Page 11
## **THE APOSTLES' CONTINUATION CHURCH INTERNATIONAL HACKNEY/SEVEN SISTERS ASSEMBLY**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES**
## **FOR THE YEAR ENDED 31 DECEMBER 2020**
|**Other resources expended**
Presbytery Mission & Visiting Pastors
Music Tutor/Instrumentalists
Allowances for Pastors & Appreciation
Other Ministry Expenses
Refreshments
Plant and machinery
Fixtures and fittings
**Total resources expended**
**Net income**|**31.12.20**
**£**
**660**
**3,224**
**14,400**
**2,800**
**-**
**1,028**
**1,647**
**23,759**
**50,090**
**53,814**|31.12.19
£
2,578
10,650
22,200
3,688
1,702
250
1,647|
|---|---|---|
|||42,715|
|||95,544|
|||49,710|
This page does not form part of the statutory financial statements
Page 12