APOSTOUC EVANGEUCAL CHURCH OF THE NAME OF JESUS Chariiy No. 1169988 Trustees, Reportand UnaudltedAccounts 31 March 2023 Aposfouc EVANGEUCALCHURCH OFTHE NAME OFKSU5 Page5 2to4 Trustees, Annual Report Independent Examlne¢s Rei ststement of Financlal Activit￿5 Summary Income and Expendlture Account Balance Sheet Notes to the Accounts Page I APOSTOLIC EVANGELICAL CHURCH OF THE **NAME** OF JESUS Trustees Annual Report ## REFERENCE AND ADMINISTRATIVE DETAILS ## **Charity No.1169988** ## **Principal Office** 110 Leverson Street London SW16 6DE ## **Trustees** ## **The following Trustees served during the year:** Freda Tamara Samaniego Leonardo Alejandro Aguilar Yampuezan Luis Humberto Paucar Ramos ## **Company Secretary** Freda Tamara Samaniego ## **Key Management Personnel** ## **Accountants** 360 Accounting Services Ltd 27 Old Gloucester Street London **WC1N3AX** ## **Bankers** Metro Bank PLC ## **Solicitors** ## **Investment Advisors** ## **TRUSTEES' REPORT** The Board of Trustees, who are the trustees for charity law purposes, submit their annual report and the financial statements of Apostolic Evangelical Church Of the Name Of Jesus for the year ended 31 March 2023. The Board of Trustees confirms that the annual report and financial statements of the Charity comply with current statutory requirements, the requirements of the Charity's governing document and the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities 2019. **Structure, governance and management** The 3 Trustees are: 1. Freda Tamara Samaniego 2. Leonardo Alejandro Aguilar Yampuezan 3. Luis Humberto PaucarRamos Page 2 APOSTOUC EVANGEUCALCHURCH OF THE NAME OFJESU5 Trustees Annual Report The Trustees play a primary role in ensuring good 8overnance and funrtionin8 of the foundatlon. The Boards role, functSons and responsibilities are quite dearly defined The Charity currently has a dedicated team of Advisory board members in the UKwho have helped to secure financial support and contribute to the future planning of organization. support and contrlbute to the future plannlng of the organization Governlng do¢ument Apostollc Evange15cal Church of the Name of Jesus is a CIO ￿8￿tered on 2 November 2016. Recruftment and appolntment of tnth: The members of the General Trustee Board are trustees forthe purposes of charfty law. Newtrustees may be appolnted by resolution of a meetlng of the trustees. Much of the charlty's workfocuses upon the promotion of the Christian rellglon and the runnlng and malntenance of ts places of worship. The General Trustee Board seeks to ensu￿ that the needs of this Broup are appropriately refiected through the dlversity of the trurtee body. To enhance the potential pool of trustees, the charity ha& through selective advertising and networking with voluntary organization5 artive in the sertor. sought to identify those who would be willin8 to become members of the charlty and use thelr own experience to assist the charity. R15k Mana8emenL' We are committed to a policy of Identlfyin& monttorlng and managln8 the risk5 that might adversely affert the artivities in which we are involved. In thls context, risk is defined as the potential to fail to achleve chartty objectives and for loss. financlal and reputatlonal, Inherent In the envlronment in which we operate in the nature of the transactions undertaken. The prlnciple rlsk of the charity has been its dependence on voluntary Income. Trustees have initiated varlous processesto mltigate suth risk, $0 thatthe charity has Sufficient reseple In the event of adverse conditionls). The trustees have also examined other operational and buslness r5sks whlch they face and confirm that they have taken Steps to mitigate the significant risks. Publlc Bene￿. The Trustee5 have complied wlth the duty in Section 4 of the Charities Act 2(KJ6 and have paid due regard to public benefit when preparing this reporL The benefit provlded to the PLtblic is consistent with the aims of the charlty In UL Artlvltles: To 8uide and support Chrlstlan believers In the worship of God and support for th)se within the community with provlding re51glous educatlon alongslde fellowship and Social network for those within the local community. The purposes of the charltyas set out in its governing document The objects of the Trust a￿. Page 3 Aposfouc EVANGELICALCHURCH OF THE NAME OFJESUS Tiustee5 Annual Report Plansfor fu￿re perlods: The Charity plansto develop varlous fundrdlsing strategy to include mass marketing. Besldes mass marketin8 and events. the charlty is aiming to achieve Its tsIEets throuEh securing dot)ations from willin8 individuals. A development board may be created to help include other avenues of fundraising to be included in the yearly program. The Trustees are responslblè far keeping proper accounting records thatdisdose wlth reasonable ac¢ura¢y at any time the financial position of the charity and to enable them to ensure that the financlal statements comply with the Companies Art 2006. TheTrustees are also reswnslble for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detertion of frdud and other irregularities. Tho above report has been prepared In acwrdan¢e wlth the provlslons appllcable to companles subject to the small companies re8irne as set out in Part IS of the Cornp3nle5 Act 2006 and In accordan￿ wlth the Charities SORP IFRS 1021. We. asthe Trustets of the Charity who held office at the date of approval of these financial statements each confirm. so far as we are aware, that.. Thls re was approved by thèTrustees on and sl8ned on thelr behalf ￿. ru 20 November 2023 Page 4 APOSTOUC EVANGEUCAL CHURCH OFTHE NAME OF JESi Independent Examlners Report Independent Examlnees Reprxt tothe trustees of Aposfouc EVANGEUCALaiuRCH OFTHE NAME OF JESUS I report to the charlty trustees on my examination of the financial statements of AposfoLIC EVANGEUCAL CHURCH OF THE NAME OFJESUS forthe year ended 31 March 2023. ResponslbllftTes and b￿15 of rep(vt As the charlty's trustees of the company (and alx> it5 dirertor5 for the purpose50f company lawl you are re5pon5ible for the P￿ParatIon of the finandal ststements in accordan￿ with the requlrements of the Companie5 Act 2Crf)6 Ilhe 2006 Att. Havlng satlsned myself that the financlal statements of the Chality are not requi￿1 to be audlted under Part 16 of the 2LM]6 Act and are ellgible for independent examination. I report in respect of my examination of your chartty's financial statements as carried out under section 145 of the Charities Att 2011 {'the 2011 Act'l. In ¢arryln8 out my examlnatlon I have followed the Dlrectlons glven by the Charlty Commlsslon under sectlon 145{5) (bl of the 2011 ACL Independent examln*s statem I have completed my emamlnation. I can confirn) that no rnaterlal matters have cometo my attention In connecuon wbth the examination 8ivlng me cause to believe: ccountlng records were not kept In accordan￿ with 5ertlon 386 of the 2￿6 Act; or the financial statements do not accord with those iecords: or the financial statements do not comply with the attountin8 requltements under sectlon 396 of the 2CA)6 Art other than any requlrement that the financlal ststements gfve a *rue and fale vlew whlch 5s not a matter consldered as part of an Independent examlnatlon: or • the flnanclal statements have not been prepared in accordance with the methods and prlnclples of the Statement of Retommended Prèrtice foraccounting and reporting by charltles applicable to charities preparing their accounts in accordance wtth the financial Reporting Standard applicable In the UK and Republic of Ireland IFRS 1021. I have no conoms and have come across no other mattets In connection with examination to which attentlon should be drawn In thls report In orderto enable a proper understandlng of the finandal statements to be reached. Dawnette Allen (8A Hon& AccoU￿nE. Fin4no & T•¥ation. FCCA) On behalfof360 Accounting servi￿ Ltd 360 Accounting Serilce5 Ltd 27 Old Gloucesterstreet London WCIN 3AX 20 November 2023 Page 5 APOSTOUC EVANGEUCALCHURCH OFTHE NAME OF JESUS Statementol Flftanclal Acthiltles forthe yearended 31 March 2023 Total funds Totsl funds 2023 20 Notes Income and endowments Donatlons and legacles 45.705 29.650 Total 45.705 29.650 Expendlture on.. Charitable activities Other 1,411 40,354 1,152 28,536 Totsl 41,765 29,688 Net 8alns on Investments Net lTrcomellexpendlture} Transfers between funds 3,940 {381 Net Incomel(expendlthrel before ￿her salns111055es 3.940 138) (Xh•r galns and losses Net movement In fvnds 3,940 1381 Rttondllatlon of funds: Total funds brou8ht forward 15.606 15.644 Total funds carrfed forwanl 19.546 15,606 Page 6 Aposfouc EVANGELICALCHURCH OF THE NAME OF JESUS summary Intome and Expendlture A¢¢{￿￿1 for the yearended 31 March 2023 2023 2022 Income 45.705 29,650 Nèt gains on investments Inte￿$t and investment income Gross Income forthe year Expendlture 45,705 29.650 41.765 29.688 Interest payable Depretlatlon and charges for impalrment of fixed assets Total expendlture forthe ¥ear Net Incomellexpendlturel before tax for the year Tax payable Net Inceme Ilèxpendlture )for the year 41,765 29,688 3,940 1381 3,940 1381 Page 7 APO￿OUc EVANGEIICALCHURCH OFTHE NAME OFJESUS Balan￿ Sheet at 31 Marth 2023 Company N Notes 2023 Current assets stocks Debtors 3,196 Investments Cash at bank and In hand 21.750 24,150 14.6041 19.546 19.546 19,546 17.810 21,006 15,4001 15,606 Credltors: Amount falling due wlthln one year Net current assets Totsl assets le55 current Ilabllltles 15.606 Net assets exdudlng penslon asset or Ilablllty Total net assets 15,606 19,546 15,606 The funds of the tharlty Total funds 19,546 15,606 These accounts have been prepared in accordance wlth the speclal provlslons of Part 15 of the Companles Act 2006 relatlng to small ¢ompanles. For the year ended 31 Mar¢h 2023 the companywas entitled to exemptlon under sectlon 477 of the Companles Act 2006 relating to small companles. The members have not requ5red the Company to obtsln an audlt In ¥ccordance wlth 5ectlon 476 of the Companles Art 2006. The dIrectO￿ acknowledge thelr responslbilities for wmplylng wlth the requlrements of the Companles Act 20)6 wlth resFect to accountlng records and the preparatlon of accounts. Approved bythe board on 20 November 2023 And signe Its behalf bv, Trustee 20 November 2023 Page 8 Aposfouc EVANGEUCALCHURCH OFTHE NAME OFJESUS Notes to the Ateourts for the year ended 31 Ma￿h 2023 l Accountlng pollcles Basls of weparatlon The financial statements have been prepared In accordance with Accountlng and Reporting by Charltles: Statement of Recommended Prd¢tice applicable to charities preparing thelr accounts In accordan￿ wlth the Financial Reportin8 Stsndard appllcable in the UK and Republic of Ireland IFRS 1021 leffectlve I January 20151 (Charities SORP IFRS 10211. the Financlal Reportlng Stsndard applicable In the UK and RepublSc of Ireland IFRS 102) and the Companles Act 21Kl6. Change In basls of accountlng or to prevlou5 accounts There has been no change to the accountin8 policle5 {valuation rules and method of accountlngj slnce last year and no changes have been made to accounts for previou5 years. Income Recognitionof Income Income is Included in the Statement of Financial Artlvltles ISOFAI when the eharlty becomes entitled to, and Vlrtually certaln to recelve, the Income and the amount of the Income can be measured wlth sufflclent rellablllty. Income wlth related Where In￿rne has related expendlture the Income and related expendlture Is expendlture ported gross In the SOF Donatlon5 and legacies Voluntary Income recelved by way of grants, donatlons and 8lfts Is Induded Sn the the SOFA when recelvable and only when the Charlty has unconditional entStlement to the Sncome. Tax reclalms on Income from tax reclalms Is Included In the SOFA at the same tlme as the donatlons and glfts 8Kt/donatlon to whlch It relates. Donated servlces These are onty Included In Income Iwiih an equlwdlent amount In expendlturel and facllltles where the benefit to the Charity is reasonably quantifiable, measurable and materlal. Volunteer help The value of anyvolunteer help recelved Is not Included In the accounts. Investment incorne Thls Is Included in the accounts when receivable. Galnslllossesl on Thls Includes any galn or10ss resultlng from revalulng Investments to market value revaluatlon of flxed at the end of the year. a$5ets Gainslllossesl on investment a55ets Thls Indudes anygaln or loss on the sale of Investsnent Page 9 Aposfouc EVANGEUCALCHURCH OF THE IIAME OFJESU5 Notes to the Accounts Expendlture Recognition of expendtture Expenditure is reco8nised on an accruals basis. Expenditure includes any VATwhlch ,.cannot be fully recovered. and is reported as part of the expenditure to which it relates. Expendlture on These comprise the costs associatedwith attractinBvoluntsry income, fundrai55n8 rai51ng funds trading ¢05ts and investment management (05ts. Expenditu￿ on These comprfsethe cosrs incurred by the tharity in the delivery of Its artrvitles and charitable advitles services In the furtherdnce of its objects, indudin8 the making of grants and governance costs. All grant expenditure is accounted for on an actual paid basis plus an accrual for 8rants that have been appnwed by the trnstees atthe end ofthe year not yet pald. These indude those costs assoclated wlth meetlnB thE constitutional and statutory requI￿rnents of the Charity, including any audivindependent examlnation fees. costs Ilnked to the strateglc management of the Charity, together wlth a share ot other admInIstra￿On costs. Other expenditure These are support costs not allocated to a partlcular a¢tlvity. Grants payable Governance costs Taxatlon The charltyls exemptfrom ￿rpOratIOn tsx on its tharitsble actl¥trFe> Trade and other debtors Trade and other debtors are reco8nised at the settlement amount due after any trade dlscount offered. Prepayments are valued at the amount p￿paid net of any trade discounts due. Cash and cash equlvalents Cash and cash equlvalents comprise cash at bank and on hand. demand deposlts vlth banks and other short-term highly liquid investments wlth original maturities of three months or less and bank overdrafts. In the statement of financial positlon. bank overdrafts are 5h¢)wn within borrowings or current Ilabllltles. In the Statement of Cash Flows. cash and cash equivalents are Shown net of bank overdrafts that are repayable on demand and form an Integral part ofthe companV5 cash managemenL Trade and other credltors Short tem credbtors a￿ measured at the transaction prfce. Other creditors and provislons a￿ ￿CognISed where the charity has a present obligation resultin8 from a past event that wlll probably result In the transfer of funds to a thlrd party and the arnount due to settle the obligation can be measured or estlmated reliably. Creditors and provisions a￿ normally reco8nised at thelr settlement amount after allowin8 for any trade discounts due. Recelpt of don*ed good4 fa¢llftles and Ser￿CeS All donated goods, facilitles and services received are recognised withln iDcornlng resouTces and expendlture at an estimate of the value to the tharity. 2 Company status The company is a private comparry limited byeuarantee and consequently does not have share capitsl. Page 10 APOSTOUC EVANGEUCAL CHURCH OFTHE PIAME OF JESUS Notes to the Accounts 3 Income from donat10￿ arnl le8 Totsl Total Donatlons 38.761 6,944 45,705 24,992 4.658 29.650 Glft Ald 4 Expendlture on charliable actl T¢)tsl Total Governoft￿ costs 1.411 1,411 1,152 1,152 S Other expendlturn Total Total 2022 Employee costs Motor and travel costs 7,2 436 Premlses costs 30.( 2.279 40.354 17,048 3.852 28.536 General admlnlstrative costs 6 Tyustees Remunelatlon and Benelhs Trustee's salarles 7,200 7,200 7.200 There were no Trustee's expenses paid for theyear ended 31 March 2023 and for the year 31 March 2022 2022 Other debtor5 3,1% 3.196 8 CredIto￿. amounts falllng due wlthln one year Other credlto Attruals 3.6(Kl 5,4CM) Page 11 Aposfouc EVANGEUCAL CHURCH OFTHE NAME OF JESUS Detailed Statement of Financial Activlties for the year ended 31 M•r¢h 2023 Total fund5 Total fimds Income and endowments from: Donations and legacies Donatlons Glft Ald 38,761 24.992 4,658 29.650 45.705 Total Income and endowments 45,705 29,650 Expendlture on: Governance costs 1,411 1.411 L152 1,152 Totsl of exPendI￿re ¢hafltable 1,411 1,152 Salarleslwages 7.2LKI 7,2(Xl 875 875 30,IXKI 30,1X￿1 7.2(K) 7,2CK) 436 436 17,048 17,048 Travel and subsEstence Other premlses costs General admlnlstratlve costs, Includlng depreciatlon and amOrtI￿tIOn Software, IT support and related costs 255 Sundry expense5 Telephone, fax and broadband 1.265 918 2.279 40.354 2,831 766 3.852 28,536 29,688 Totsl of expendlture of other costs Total expendlture Net galns on Investments 41.765 Net Incomel{expendltur¢l 3.940 {381 Nèt In¢omel(expenditure}lJefore other 8•lns1{losses) Other Gains 3.940 1381 Net movement In funds 1381 Reconcill*lon of fimdk" Page 12 Aposfouc EVANGEUCALCHURCH OF THE IIAME OFJESVS Detalled Statemert of Knanclal Actl¥i Total lunds brought forward 15,644 Total lunds cafrfed foThA Page 13