REGISTERED CHARITY NUMBER: 1151278
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
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 2024
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 to 11 |
| Detailed Statement of Financial Activities | 12 to 13 |
THE APOSTLES' CONTINUATION CHURCH INTERNATIONAL HACKNEY/SEVEN SISTERS ASSEMBLY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024
Thetrusteespresenttheir reportwith thefinancialstatementsof thecharityfor theyearended31 December2024. The trusteeshaveadoptedthe provisionsof AccountingandReportingby Charities:Statementof Recommended Practice applicableto charitiespreparingtheir accountsin accordancewith the FinancialReportingStandardapplicablein the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
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To advancetheChristianfaith in accordancewith thestatementof beliefsappearingin thescheduleheretoin London and in such parts of the world as the Trustees may from time to time think fit.
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To relievepersonswhoarein conditionsof needor sickandto relievethedistresscaused,in Londonandin such other parts of the United Kingdom or the world.
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To promoteandfulfil suchothercharitablepurposesbeneficialto thecommunityin Londonandin suchotherparts of the world.
Objectives for the year
In addition to the above, the Charity sought in the year:-
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To raise the necessary funds to purchase a place of worship with offices
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To plant other churches in the UK
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To increase Sunday service attendance
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To be more involved in Community work.
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To advance education in accordance with Christian principles.
Volunteers
In addition to members'financial contributionsto the charity,somemembersdo provide valuablevoluntary services. Someof theseroles and activities include counselling,teachingin the variousSundayschools,music and & video ministry and administration.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
The Charity hasengagedin intensiveevangelismin the communityandhassupportedthe youth in music,drama and other recreational activities.
Sundayserviceattendancehasincreaseddrasticallyresultingin two serviceson Sundaysandthreeotherservices during the week.
The trusteesare satisfiedwith the performanceof the charity during the year, and its financial position as at 31st December 2024. The Charity is in a strong position to continue its activities during the coming years.
FINANCIAL REVIEW
Principal funding sources
TheCharity'sfundingis mainlyfrom membersof TheApostles'ContinuationChurchHackneySevenSisters Assembly which includes generous donations, tithe, offering and special appeal for funds to finance special needs.
Other sources of funds are Gift Aid, Bank Investment Income and Rental Income.
Themainsourceof incomecontinuesto betheregulardonationsof themembersof thechurchandthegift aid scheme. The main expenditureof the churchis rent and the running costsof the churchactivities. The churchhasno paid employees or trustees.
The Statementof Financialactivities showgrossincomeof £260,189.The total resourcesexpendedwere £115,226, leaving a net surplus of £144,963.
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THE APOSTLES' CONTINUATION CHURCH INTERNATIONAL HACKNEY/SEVEN SISTERS ASSEMBLY
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number 1151278
Principal address 42a Bounces Road London N9 8HX
Trustees E Bour J K Antwi (appointed 12.5.24) Ms A S Bour (appointed 15.5.24) K A Boateng (appointed 17.5.24)
Independent Examiner Appiatse & Associates Chartered Certified Accountants 191 Waltham Way Chingford London E4 8AG
Approved by order of the board of trustees on 19 May 2025 and signed on its behalf by:
E Bour - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE APOSTLES' CONTINUATION CHURCH INTERNATIONAL HACKNEY/SEVEN SISTERS ASSEMBLY
Independent examiner's report to the trustees of The Apostles' Continuation Church International Hackney/Seven Sisters Assembly
I reportto the charity trusteeson my examinationof the accountsof The Apostles'ContinuationChurch International Hackney/Seven Sisters Assembly (the Trust) for the year ended 31 December 2024.
Responsibilities and basis of report
As the charity trusteesof the Trust you are responsiblefor the preparationof the accountsin accordancewith the requirements of the Charities Act 2011 ('the Act').
I reportin respectof my examinationof theTrust'saccountscarriedoutunderSection145of theAct andin carrying out my examinationI havefollowed all applicableDirectionsgivenby theCharityCommissionunderSection145(5)(b) of the Act.
Independent examiner's statement
Sinceyour charity'sgrossincomeexceeded£250,000your examinermustbea memberof a listedbody.I can confirm that I am qualified to undertakethe examinationbecauseI am a memberof the Associationof Chartered Certified Accountants, which is one of the listed bodies.
I havecompletedmy examination.I confirm thatno materialmattershavecometo my attentionin connectionwith the examination giving me cause to believe that in any material respect:
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accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
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the accounts do not accord with those records; or
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theaccountsdo notcomplywith theapplicablerequirementsconcerningtheform andcontentof accountsset out in the Charities(AccountsandReports)Regulations2008 otherthanany requirementthat the accountsgive a true and fair view which is not a matter considered as part of an independent examination.
I haveno concernsandhavecomeacrossno othermattersin connectionwith theexaminationto whichattention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Ekow Appiatse, FCCA
Appiatse & Associates Chartered Certified Accountants 191 Waltham Way Chingford London E4 8AG
19 May 2025
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THE APOSTLES' CONTINUATION CHURCH INTERNATIONAL HACKNEY/SEVEN SISTERS ASSEMBLY
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024
| 31.12.24 | 31.12.23 | ||
|---|---|---|---|
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | £ | £ | |
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies | 2 | 181,397 | 163,719 |
| Other trading activities | 3 | 53,633 | 44,943 |
| Investment income | 4 | 25,159 | 21,589 |
| Total | 260,189 | 230,251 | |
| EXPENDITURE ON | |||
| Charitable activities | 5 | ||
| Charitable | 53,640 | 68,265 | |
| Other | 61,586 | 52,608 | |
| Total | 115,226 | 120,873 | |
| NET INCOME | 144,963 | 109,378 | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 643,179 | 533,801 | |
| TOTAL FUNDS CARRIED FORWARD | 788,142 | 643,179 |
The notes form part of these financial statements
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THE APOSTLES' CONTINUATION CHURCH INTERNATIONAL HACKNEY/SEVEN SISTERS ASSEMBLY
BALANCE SHEET 31 DECEMBER 2024
| Notes FIXED ASSETS Tangible assets 9 CURRENT ASSETS Debtors 10 Cash at bank NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS 11 Unrestricted funds TOTAL FUNDS |
31.12.24 Unrestricted fund £ 313,291 - 474,851 474,851 474,851 788,142 788,142 788,142 788,142 |
31.12.23 Total funds £ 311,926 17,020 314,233 |
|---|---|---|
| 331,253 | ||
| 331,253 | ||
| 643,179 | ||
| 643,179 | ||
| 643,179 | ||
| 643,179 |
The financial statements were approved by the Board of Trustees and authorised for issue on 19 May 2025 and were signed on its behalf by:
E Bour - Trustee
The notes form part of these financial statements
Page 5
THE APOSTLES' CONTINUATION CHURCH INTERNATIONAL HACKNEY/SEVEN SISTERS ASSEMBLY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
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 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.
Long leasehold - not provided 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.
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continued...
THE APOSTLES' CONTINUATION CHURCH INTERNATIONAL HACKNEY/SEVEN SISTERS ASSEMBLY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
| 2. DONATIONS AND LEGACIES Tithe Offering Thanksgiving Gift Aid Pledges 3. OTHER TRADING ACTIVITIES Fundraising events Welfare Women's Fellowship 4. INVESTMENT INCOME Rents received Deposit account interest 5. CHARITABLE ACTIVITIES COSTS Direct Costs £ Charitable 52,800 |
31.12.24 £ 76,239 53,284 8,683 34,280 8,911 181,397 31.12.24 £ 50,723 1,770 1,140 53,633 31.12.24 £ 19,700 5,459 25,159 Support costs (see note 6) £ 840 |
31.12.23 £ 63,855 49,779 9,666 31,029 9,390 |
31.12.23 £ 63,855 49,779 9,666 31,029 9,390 |
|---|---|---|---|
| 163,719 | |||
| 31.12.23 £ 38,014 3,790 3,139 44,943 31.12.23 £ 18,600 2,989 21,589 Totals £ 53,640 |
|||
| 21,589 | |||
| Totals £ 53,640 |
continued...
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THE APOSTLES' CONTINUATION CHURCH INTERNATIONAL HACKNEY/SEVEN SISTERS ASSEMBLY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
6. SUPPORT COSTS
| SUPPORT COSTS | |
|---|---|
| Governance | |
| costs | |
| £ | |
| Other resources expended | 1,559 |
| Charitable | 840 |
| 2,399 |
7. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.
8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 163,719 |
| Other trading activities | 44,943 |
| Investment income | 21,589 |
| Total | 230,251 |
| EXPENDITURE ON | |
| Charitable activities | |
| Charitable | 68,265 |
| Other | 52,608 |
| Total | 120,873 |
| NET INCOME | 109,378 |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 533,801 |
| TOTAL FUNDS CARRIED FORWARD | 643,179 |
continued...
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THE APOSTLES' CONTINUATION CHURCH INTERNATIONAL HACKNEY/SEVEN SISTERS ASSEMBLY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
9. TANGIBLE FIXED ASSETS
| Long leasehold £ COST At 1 January 2024 305,616 Additions - At 31 December 2024 305,616 DEPRECIATION At 1 January 2024 - Charge for year - At 31 December 2024 - NET BOOK VALUE At 31 December 2024 305,616 At 31 December 2023 305,616 10. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Loan 11. MOVEMENT IN FUNDS Unrestricted funds General fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund TOTAL FUNDS |
Plant and machinery £ 12,179 1,820 13,999 5,869 455 6,324 7,675 6,310 At 1.1.24 £ 643,179 643,179 Incoming resources £ 260,189 260,189 |
Fixtures and fittings Totals £ £ 6,590 324,385 - 1,820 6,590 326,205 6,590 12,459 - 455 6,590 12,914 - 313,291 - 311,926 31.12.24 31.12.23 £ £ - 17,020 Net movement At in funds 31.12.24 £ £ 144,963 788,142 144,963 788,142 Resources Movement expended in funds £ £ (115,226) 144,963 (115,226) 144,963 |
|---|---|---|
continued...
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THE APOSTLES' CONTINUATION CHURCH INTERNATIONAL HACKNEY/SEVEN SISTERS ASSEMBLY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
11. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Unrestricted funds General fund TOTAL FUNDS |
At 1.1.23 £ 533,801 533,801 |
Net movement in funds £ 109,378 109,378 |
At 31.12.23 £ 643,179 |
|---|---|---|---|
| 643,179 |
Comparative net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 230,251 230,251 |
Resources Movement expended in funds £ £ (120,873) 109,378 (120,873) 109,378 |
Resources Movement expended in funds £ £ (120,873) 109,378 (120,873) 109,378 |
|---|---|---|---|
| 109,378 |
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.1.23 £ 533,801 533,801 |
Net movement in funds £ 254,341 254,341 |
At 31.12.24 £ 788,142 |
|---|---|---|---|
| 788,142 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 490,440 490,440 |
Resources Movement expended in funds £ £ (236,099) 254,341 (236,099) 254,341 |
Resources Movement expended in funds £ £ (236,099) 254,341 (236,099) 254,341 |
|---|---|---|---|
| 254,341 |
continued...
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THE APOSTLES' CONTINUATION CHURCH INTERNATIONAL HACKNEY/SEVEN SISTERS ASSEMBLY
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2024
12. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2024.
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THE APOSTLES' CONTINUATION CHURCH INTERNATIONAL HACKNEY/SEVEN SISTERS ASSEMBLY
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024
| 31.12.24 | 31.12.23 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Tithe | 76,239 | 63,855 |
| Offering | 53,284 | 49,779 |
| Thanksgiving | 8,683 | 9,666 |
| Gift Aid | 34,280 | 31,029 |
| Pledges | 8,911 | 9,390 |
| 181,397 | 163,719 | |
| Other trading activities | ||
| Fundraising events | 50,723 | 38,014 |
| Welfare | 1,770 | 3,790 |
| Women's Fellowship | 1,140 | 3,139 |
| 53,633 | 44,943 | |
| Investment income | ||
| Rents received | 19,700 | 18,600 |
| Deposit account interest | 5,459 | 2,989 |
| 25,159 | 21,589 | |
| Total incoming resources | 260,189 | 230,251 |
| EXPENDITURE | ||
| Charitable activities | ||
| Rent & rates | 36,798 | 47,036 |
| Post, Stationery & Telephone | 2,758 | 3,574 |
| Welfare | 8,764 | 11,309 |
| Travelling | 2,352 | 2,590 |
| Repairs and renewals | 2,128 | 3,036 |
| 52,800 | 67,545 | |
| Other | ||
| Presbytery Mission & Visiting Pastors | 6,300 | 3,850 |
| Music Tutor/Instrumentalists | 11,500 | 12,370 |
| Allowances for Pastors & Appreciation | 32,063 | 28,800 |
| Other Ministry Expenses | 7,909 | 6,388 |
| Refreshments | 1,800 | 1,200 |
| Carried forward | 59,572 | 52,608 |
This page does not form part of the statutory financial statements
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THE APOSTLES' CONTINUATION CHURCH INTERNATIONAL HACKNEY/SEVEN SISTERS ASSEMBLY
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2024
| 31.12.24 | 31.12.23 | |
|---|---|---|
| £ | £ | |
| Other | ||
| Brought forward | 59,572 | 52,608 |
| Plant and machinery | 455 | - |
| 60,027 | 52,608 | |
| Support costs | ||
| Governance costs | ||
| Accountancy and legal fees | 840 | 720 |
| Legal fees | 1,559 | - |
| 2,399 | 720 | |
| Total resources expended | 115,226 | 120,873 |
| Net income | 144,963 | 109,378 |
This page does not form part of the statutory financial statements
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