AP05fouc EVANGEUCAL CHURCH OF THE NAME OF JESUS Charity No. 1169988 Tru5tees' Report and Unaudited Accounts 31 March 2024 APOSTOLIC EVANGEUCAL CHURCH OF THE NAME OF JESUS Contents Page Trustees, Annual Report Independent Examiner's Report Summary Income and Expenditure Account Balance Sheet Notes to the Accounts Page I APOSTOLIC EVANGEUCAL CHURCH OF THE NAME OF JESUS Trustees Annual Report REFERENCE AND ADMINISTRATIVE DEfAILS Charity 140. 1169988 Registered Offi 110 Leverson Street London SW16 6DE Trustees The following Directors and Trustees served during the year: Freda Tamara Samaniego Leonardo Alejandro Aguilar Yampuezan Luis Humberto Paucar Ramos Company Secretary Freda Tamara Samaniego Accountants 360 Accounting Services Ltd 27 Old Gloucester Street London WCIN 3AX Bankers Metro Bank PLC OBJEcfivES AND ACTIVITIES To guide and support Christian believers in the worship of God and support for those within the community with providing religious education alongside fellowship and social network for those within the local community. Rlsk Management: We are committed to a policy of identifying, monitoring and managing the risks that might adversely affect the activitie5 in which we are involved. In this context. risk is defined as the potential to fail to achieve charity objectives and for loss, financial and reputational, inherent in the environment in which we operate in the nature of the transaction5 undertaken. Page 2 APOSTOLIC EVANGELICAL CHURCH OFTHE NAME OF JESUS Trustees Annual Report The prlnclple rlsk ol the charlty has been Its dependence on voluntary income. Trustees have initiated varlous processes to mltlgate such Tlsk, so that the charity has sufllclent reserve in the event ol adverse condition{s). The trustees have also examlned other operatlonal and business risks whlch they lace and confirm that they have taken step3 to mltigate the slgnlflcant risk5. public Benefit: The Trustees have complled wlth the duty In Sectlon 4 of the Charities Act 2006 and have pald due regard to publlc benellt when preparing this report. The benefit provided to the publlc Is conslstent with th8 alms ol the charlty In the U PLANS FOR FUTURE PERIODS Th8 Charlty plans to develop varlous fundralslng strategyto Include mass marketlng. Besldes mass marketlng and events. the charlty Is almlng to ach18ve Its largets through securlng donatlons from wllllng Indlvlduals. A development board may be created to help Include other avenues ol fundralslng- STRUCTURE, GOVERNANCE AND MANAGEMENT The 3 Trustees are: FredaTamara Samanlego,Leonardo AleFandro Agullar Yampuezan and Luls Humberlo PaucarRamos. The Trustees play a prlmary role In ensurlng good governance and functlonlng of the loundatlon. The Board's rol8, functlons and responslbllltles are qulte clearfy deflned. The Charlty currently has a dedlcated team of Advlsory board members In the UK who have helped to Secure flnanclal support and contrlbule to the future plannlng ol the oroanlzaiion. Recrultm8nt and appolntment of trustees: The mambern of the Gen8ral Trustee Board are trustees lor the purposes ol charlty law. New tTUSt8e8 may b8 2ppolnted by resolutlon of a meetlng of the trustees. Much of the charity's work focuses upon the promotlon ol the Chrlstlan rellglon and the Tunnlnu and malntenance of Its places ol worshlp. The General Trustee Board seeks to ensure that the needs of thls group ar0 approprlately reflected through the dNerslty of the trustee body. To enhance the Potentlal pool ol trustees, the charlty has, through selectlve advertl8lng and networklng wlth voluntary OTganlzatlons actlve In the sector, sought to Idenllty those who would be wllllng to become members of the charlty and use thelr own experlence to asslst the chartty. The General Trustee Board seeks to ensure that the n8eds of thls group are approprlately reflected through the dlvarslty of the trustee body.To enhance the potentlal pool ol trustees, the charlty has, through selectlve advertlslng and networklng wlth voluntary organlzatlons actlv8 In the sector, sought to Identity those who would be wllllng to become members of the Gharlty and use thelr own experlenco to asslst the charfty. The Trustees are responslbla for keeplng proper accountlng records that dlsclos8 wlth reasonable accuracy at any tlme the flnanclal posltlon of the charlty and to enable th8m to ensure that the Ilnanclal statements comply wlth the Companles Act 2006. Th8 Trustees are also responslble for safeguardlng Ihe assets ol the charlty and hence taklng reasonable step5 for the preventlon and detectlon of fiaud and other Irregularltles. . h8 above report has been prepared In accordance wlth the provislons applicable to companies sublect to the small companles reglme as set out In Part15 of the Companles Act 21J06 and in accordance wlth the Charft18s SORP {FRS102). Slgned on behalf ol the Trustees Trustee Date Page 3 APOSTOLIC EVANGELICAL CHURCH OF THE NAME OF JESUS Independent Examiners Report Independent Examiner's Report to the trustees of APOSTOLIC EVANGELICAL CHURCH OF THE NAME OF JESUS I report to the charity trustee5 on my examination of the financial statements of APOSTOLIC EVANGELICAL CHURCH OF THE NAME OF JESUS forthe year ended 31 March 2024. Responsibilities and basis of report As the charity trustees of Lighthouse Fellowship, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act"), and consider that an audit is not required for the year undersection 144 of the Charities Act 2011 and that an independent examination is required. Having satisfied myself that the financial statements of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charlty's financlal statements as carried out under section 145 of the Charltles Act 2011 {'the 2011 Act'l. In carrying out my examination I have followed the Directions given by the Charity Commission under section 145151 Ib) of the 2011 Act. Independent examlner's statement I have completed my examination. I can confirm that no materlal matters have come to my attention in connection with the examination giving me cause to believe: • accounting records were not kept in accordance with Section 386 of the 2006 Act . or the financial statements do not accord with those records; or the financial statements do not comply with the accounting requirements under section 396 of the 2006 Act other than any requlrement that the financial statements give a 'true and fair. view which is not a matter considered as part of an independent examination; or • the financlal statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for 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). I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached. Dawnette Allen l BA Hons) FCCA 360 Accounting Services Ltd 27 Old Gloucester Street London WCIN 3AX Date Page 4 AposfoLIC EVANGEUCAL CHURCH OF THE NAME OF JESUS Summary Income and Expenditure Account for the year ended 31 March 2024 2024 2023 Income 45.517 45.705 Gross income for the year Expenditure 45.517 45,705 39.052 41,765 Total expendlture for the year Net income before tax for the year 39.052 41,765 6,465 3,940 Net income for the year 6,465 3,940 Page 5 APOSTOUC EVANGELICAL CHURCH OF THE NAME OF JESUS Balance Sheet at 31 March 2024 Notes 2024 2023 Current assets Debtors Cash at bank and in hand 2,400 27,210 29,610 (3.599) 26,011 26,011 26,011 26,011 2,400 21,750 24,150 (4,604) 19,546 19,546 19,546 19,546 Credltors". Amount falllng due wlthln one year Net current assets Total assets less current liabilities Net assets excludlng pension asset or liability -Total net assets The funds of the charity Total funds 26,011 19,546 And slgned on Its behalf by: Trustee Page 6 APOSTOLIC EVANGELICAL CHURCH OF THE NAME OF JESUS Notes to the Accounts for the year ended 31 March 2024 l Accountlng policles Basis of preparation The financial statements have been prepared in accordance with Accounting and Reporting bycharities: 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 IFRS 102) (effective I January 2015) - {Charities SORP (FRS 102)). the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 102) and the Companies Act 2006. Change In basls of accountlng or to previous accounts There has been no change to the accounting policies (valuation rules and method of accounting) since last year and no changes have been made to accounts for previous years. Income Recognition of income Income is included in the Statement of Financial Activities ISOFAI when the charity becomes entitled to, and virtually certain to recelve, the income and the amount of the Sncome can be measured with sufficient reliability. Income with related Where income has related expenditure the Income and related expenditure Is expenditure reported gross in the SOFA. Donations and Voluntary income received by way of grants, donations and gifts 15 included in the the SOFA when receivable and only when the Charity has unconditional entitlement to the income. Tax reclaims on Income from tax reclaims is included in the SOFA at the same time as the donations and gifts gift/donation to which it relates. Donated services These are only included in income Iwith an equivalent amount in expenditure) and facilities where the benefit to the Charity is reasonably quantifiable, measurable and material. Volunteer help The value of any volunteer help received is not included in the accounts. Investment income This is included in the accounts when receivable. Gainslllossesl on This includes any gain or loss resulting from revalulng Investments to market value revaluation of fixed at the end of the year. assets Gains/llosses} on investment assets legacies This includes any gain or loss on the sale of investments. Page 7 APOSTOLIC EVANGELICAL CHURCH OF THE NAME OF JESUS Notes to the Accounts Expendlture Recognition of expenditure Expenditure is recognised on an accruals basis. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relate5. Expenditure on These comprise the costs associated with attrdtting voluntary income. fundraising raising funds trading costs and investment management costs. Expenditure on These comprise the costs incurred by the Charity in the delivery of its activities and charitable activities services in the furtherance of its objert5. including the making of grants and governance costs. All grant expenditure is accounted for on an actual paid basis plus an accrual for grants that have been approved by the trustees at the end of the year but not yet paid. These include those costs associated with meeting the constitutional and statutory requirements of the Charity, including any audit/independent examination fees, costs linked to the strategic management of the Charity, together with a share of other administration costs. These are support costs not allocated to a particular activity- Grants payable Governance costs Other expenditure Trade and other debtors Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. Cash and cash equlvalents Cash and cash equivalents comprise cash at bank and on hand. demand deposlts Wlth banks and other short-term hlghly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financlal position. bank overdrafts are shown withln borrowings or current liabilities. 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 of the company's cash management. Trade and other creditors Short term creditors are measured at the transaction price. Other creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. 2 Income from donations and legacies Unrestricted Total Total 2024 2023 40,180 5,337 40,180 5.337 45,517 38,761 6.944 45,705 GiftAid 45,517 Page 8 Aposfouc EVANGEUCAL CHURCH OF THE NAME OF JESUS Notes to the Accounts 3 Expenditure on charftable activities Unrestrlcted Total Total 2024 2023 Governance costs 1,832 1.832 1.832 1,832 1,411 1,411 4 Other expendlture Unrestrirted Total Total 2024 2023 Employee costs Motor and travel costs 7,200 768 7,200 768 7.200 875 Premises costs 26,350 2,902 37,220 26.350 2.902 37,220 30,000 2,279 40,354 General administrative costs S Statf costs 2024 2023 Salaries and wages 7,200 7,200 7,200 7,200 No employee received emoluments in excess of £fiO,000. 6 Debtors 2024 2023 Other debtors 2,400 2,400 2,400 2,400 7 Credltors: amount5 falling due within one year 2024 2023 Other creditors Accruals 3.600 (11 3.599 1,800 2,804 4,604 Page 9