Registered Charity No - 1169988
APOSTOLIC EVANGELICAL CHURCH OF THE NAME OF JESUS Trustees’ Report and Accounts For the Year Ended 31 March 2025
| CONTENTS | PAGE |
|---|---|
| Legal and Administrative Details | 3 |
| Trustees' Report | 4 |
| Independent Examiners’ Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Accounts | 9 |
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REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2025
Trustees 1. Jesus Alberto Morales Obregon 2. Leonardo Alejando Aguilar Yampuezan 3. Luis Humberto Paucar Ramos Charity registered Number 1169988 Date of Charitable Registration 02[nd] November 2016 Principal office 209 Clapham Road London SW9 0QH Independent examiners Accounting Assist Ltd C/o GoodtoGive Bankers Metro Bank
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TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025
Objectives and activities:
To Guide and support Christian believers in the worship of God and support those within the community with providing religious education alongside fellowship and social network for those within the local community.
Risk Management:
We are committed to a policy of identifying, monitoring and managing the risks that might adversely affect the activities 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 transactions undertaken.
The principal risk of the charity has been its dependence on voluntary income. Trustees have initiated various processes to mitigate such risk so that the charity has sufficient reserve in the event of adverse condition(s).
The trustees have alco examined other operational and business risks which they face and confirm that they have taken steps to mitigate the significant risks.
Public Benefit:
The Trustees have complied with the duty in Section 4 of the Charities Act 2006 and have paid due regard to public benefit when preparing this report. The benefit provided to the public is consistent with the aims of the charity in UK.
Plans for Future:
The Charity plans to develop various fundraising strategy to include mass marketing. Besides mass marketing and events, the charity is aiming to achieve its targets through securing donations from willing individuals. A development board may be created to help include other avenues of fundraising.
Structure, governance and management
The 3 Trustees are:
Jesus Alberto Morales Obregon Leonardo Alejando Aguilar Yampuezan Luis Humberto Paucar Ramos
The Trustees play a primary role in ensuring good governance and functioning of the foundation. The Board’s role, functions and responsibilities are quite clearly defined.
The Charity currently has a strong team of Advisory board members in the UK who have helped to secure financial support and contribute to the future planning of the organisation.
Recruitment and appointment of Trustees:
The members of the General Trustee Board are trustees for the purpose of charity law. New trustees maybe appointed by resolution of a meeting of the trustees.
Much of charity’s work focuses upon promotion of Christian Faith, and the running and maintenance of its places of worship.
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TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2025
The General Trustee Board seeks to ensure that the needs of this group are appropriately reflected through the diversity of the trustee body. To enhance the potential pool of trustee’s, the charity has, through selective advertising and networking with voluntary organizations active in the sector, sought to identify those who would be willing to become trustees of the charity and use their own experience to assist the charity.
The Trustees are responsible for keeping proper accounting records that 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 Companies Act 2006. The trustees are also responsible for safeguarding the assets of the charity and hence taking responsible steps for the prevention and detection of fraud and other irregularities.
The above report has been prepared in accordance with the provisions applicable to companies subject to the small companies’ regime as set out in Part 15 of the Companies Act 2006 and in accordance with the charities SORP (FRS 102).
Independent Examiner:
The Charity's independent examiner, Anum Hassan, FCCA of Accounting Assist Ltd C/o Good to Give Ltd, have indicated their willingness to offer themselves for appointment.
This report was approved by the Trustees on and signed on their behalf by:
Name ………………………. Leonardo Aguilar
Signature…………………….
Date…………………………. 29/06/2025
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INDEPENDENT EXAMINER`S REPORT FOR THE YEAR ENDED 31 MARCH 2025
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF APOSTOLIC EVANGELICAL CHURCH OF THE NAME OF JESUS
I report to the charity trustees on my examination of the financial statements of Apostolic Evangelical Church of the name of Jesus for the year ended 31 March 2025.
Responsibilities and basis of report:
As the charity trustees, 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 under Section 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 charity's financial statements as carried out under section 145 of the Charities Act 2011 ('the 2011 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.
Independent Examiner's Statement:
I have completed my examination. I can confirm that no material 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 requirement that the financial statements give a 'true and fair' view which is not a matter considered as part of an independent examination; or
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the financial 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 to enable a proper understanding of the financial statements to be reached.
Signed: Sree
Dated: 18/07/2025
Anum Hassan, FCCA
On behalf of Accounting Assist Ltd
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STATEMENT OF FINANCIAL ACTIVITIES
(Incorporating income and expenditure account) FOR THE YEAR ENDED 31 MARCH 2025
| Unrestricted Restricted Total Funds Total Funds 2025 2025 2025 2024 Notes £ £ £ £ Incoming resources: Income 2 56,250 - 56,250 45,517 Total Incoming resources 56,250 - 56,250 45,517 Resources expended: Expenditure 4 43,046 - 43,046 37,220 Governance Costs 3 5,041 - 5,041 1,832 Total Resources expended 48,087 - 48,087 39,052 Movement in total fund for the year- Net income / (expenditure) For the year 8,163 - 8,163 6,465 Fund balance brought forward 26,011 - 26,011 19,546 Fund balance carried forward 34,174 - 34,174 26,011 |
Unrestricted Restricted Total Funds Total Funds 2025 2025 2025 2024 Notes £ £ £ £ Incoming resources: Income 2 56,250 - 56,250 45,517 Total Incoming resources 56,250 - 56,250 45,517 Resources expended: Expenditure 4 43,046 - 43,046 37,220 Governance Costs 3 5,041 - 5,041 1,832 Total Resources expended 48,087 - 48,087 39,052 Movement in total fund for the year- Net income / (expenditure) For the year 8,163 - 8,163 6,465 Fund balance brought forward 26,011 - 26,011 19,546 Fund balance carried forward 34,174 - 34,174 26,011 |
Unrestricted Restricted Total Funds Total Funds 2025 2025 2025 2024 Notes £ £ £ £ Incoming resources: Income 2 56,250 - 56,250 45,517 Total Incoming resources 56,250 - 56,250 45,517 Resources expended: Expenditure 4 43,046 - 43,046 37,220 Governance Costs 3 5,041 - 5,041 1,832 Total Resources expended 48,087 - 48,087 39,052 Movement in total fund for the year- Net income / (expenditure) For the year 8,163 - 8,163 6,465 Fund balance brought forward 26,011 - 26,011 19,546 Fund balance carried forward 34,174 - 34,174 26,011 |
|---|---|---|
| Notes Incoming resources: Income 2 Total Incoming resources Resources expended: Expenditure 4 Governance Costs 3 Total Resources expended Movement in total fund for the year- Net income / (expenditure) For the year Fund balance brought forward Fund balance carried forward |
Unrestricted Restricted Total Funds Total Funds 2025 2025 2025 2024 £ £ £ £ 56,250 - 56,250 45,517 |
|
| 56,250 - 56,250 45,517 |
||
| 43,046 - 43,046 37,220 5,041 - 5,041 1,832 |
||
| 48,087 - 48,087 39,052 |
||
| 8,163 - 8,163 6,465 26,011 - 26,011 19,546 34,174 - 34,174 26,011 |
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BALANCE SHEET AS AT 31 MARCH 2025
| 2025 2025 2024 2024 Note £ £ £ £ CURRENT ASSETS Debtors 6 7,924 2,400 Cash at Bank and in Hand 33,733 27,210 41,656 29,610 CREDITORS:amounts falling due within one year 7 -7,482 -3,599 NET CURRENT ASSETS 34,174 26,011 NET ASSETS 34,174 26,011 CHARITY FUNDS Unrestricted funds 34,174 26,011 Restricted funds - - TOTAL FUNDS 34,174 26,011 |
2025 2025 2024 2024 Note £ £ £ £ CURRENT ASSETS Debtors 6 7,924 2,400 Cash at Bank and in Hand 33,733 27,210 41,656 29,610 CREDITORS:amounts falling due within one year 7 -7,482 -3,599 NET CURRENT ASSETS 34,174 26,011 NET ASSETS 34,174 26,011 CHARITY FUNDS Unrestricted funds 34,174 26,011 Restricted funds - - TOTAL FUNDS 34,174 26,011 |
2025 2025 2024 2024 Note £ £ £ £ CURRENT ASSETS Debtors 6 7,924 2,400 Cash at Bank and in Hand 33,733 27,210 41,656 29,610 CREDITORS:amounts falling due within one year 7 -7,482 -3,599 NET CURRENT ASSETS 34,174 26,011 NET ASSETS 34,174 26,011 CHARITY FUNDS Unrestricted funds 34,174 26,011 Restricted funds - - TOTAL FUNDS 34,174 26,011 |
2025 2025 2024 2024 Note £ £ £ £ CURRENT ASSETS Debtors 6 7,924 2,400 Cash at Bank and in Hand 33,733 27,210 41,656 29,610 CREDITORS:amounts falling due within one year 7 -7,482 -3,599 NET CURRENT ASSETS 34,174 26,011 NET ASSETS 34,174 26,011 CHARITY FUNDS Unrestricted funds 34,174 26,011 Restricted funds - - TOTAL FUNDS 34,174 26,011 |
2025 2025 2024 2024 Note £ £ £ £ CURRENT ASSETS Debtors 6 7,924 2,400 Cash at Bank and in Hand 33,733 27,210 41,656 29,610 CREDITORS:amounts falling due within one year 7 -7,482 -3,599 NET CURRENT ASSETS 34,174 26,011 NET ASSETS 34,174 26,011 CHARITY FUNDS Unrestricted funds 34,174 26,011 Restricted funds - - TOTAL FUNDS 34,174 26,011 |
|---|---|---|---|---|
| 2025 £ 7,924 33,733 |
2025 £ 34,174 |
2024 £ 2,400 27,210 |
2024 £ 26,011 |
|
| 41,656 -7,482 |
29,610 -3,599 |
|||
| 34,174 | 26,011 | |||
| 34,174 - |
26,011 - |
|||
| 34,174 | 26,011 |
Approved by the Trustees and signed on their behalf, by:
Name ………………………. Leonardo Aguilar
Signature…………………….
Date…………………………. 29/06/2025
The notes on pages 9 – 11 form part of these financial statements
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NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 31 MARCH 2025
1. ACCOUNTING POLICIES
Basis of preparation of financial statements
The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.
Incoming resources
Recognition of income: Income is included in the Statement of Financial Activities (SoFA) when the charity becomes entitled to, and virtually certain to receive, the income and the amount of the income can be measured with sufficient reliability.
Income with related expenditure : Where income has related expenditure the income and related expenditure is reported gross in the SoFA.
Donations and legacies: Voluntary income received by way of grants, donations and gifts is included in the SoFA when receivable and only when the Charity has unconditional entitlement to the income.
Tax reclaims on donations and gifts: Income from tax reclaims is included in the SoFA at the same time as the gift/donation to which it relates.
Donated services and facilities: These are only included in income (with an equivalent amount in expenditure) 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.
Gains/(losses) on revaluation of fixed assets: This includes any gain or loss resulting from revaluing investments to market value at the end of the year.
Gains/(losses) on investment assets: This includes any gain or loss on the sale of investments.
Resources expended
Recognition of expenditure: Expenditure is recognised on an accrual’s basis. Expenditure includes any VAT which cannot be fully recovered and is reported as part of the expenditure to which it relates.
Expenditure on raising funds: These comprise the costs associated with attracting voluntary income, fundraising trading costs and investment management costs.
Expenditure on charitable activities: These comprise the costs incurred by the Charity in the delivery of its activities and services in the furtherance of its objects, including the making of grants and governance costs.
Grants payable : 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.
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NOTES TO THE FINANCIAL STATEMENT (Continued) FOR THE YEAR ENDED 31 MARCH 2025
Governance costs : 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.
Other expenditure: These are support costs not allocated to a particular activity.
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 equivalents: Cash and cash equivalents comprise cash at bank and on hand, demand deposits with banks and other short-term highly liquid investments with original maturities of three months or less and bank overdrafts. In the statement of financial position, bank overdrafts are shown within 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
| Income (Donations) Gift Aid Total |
Unrestricted Funds Total Funds 2025 Total Funds 2024 £ £ £ 42,590 42,590 40,180 13,660 13,660 5,337 |
|---|---|
| 56,250 56,250 45,517 |
3. EXPENDITURE ON CHARITABLE ACTIVITIES
| Governance Costs Total |
Unrestricted Funds Total Funds 2025 Total Funds 2024 £ £ £ 5,041 5,041 1,832 |
|---|---|
| 5,041 5,041 1,832 |
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NOTES TO THE FINANCIAL STATEMENT (Continued) FOR THE YEAR ENDED 31 MARCH 2025
4. OTHER EXPENDITURE
| Employee Costs Motor & Travel Costs Premises Costs General administrative Costs Total |
Total Funds 2025 Total Funds 2024 £ £ 9,600 7,200 374 768 25,800 26,350 7,273 2,902 |
|---|---|
| 43,046 37,220 |
5. STAFF COSTS
| Salaries & Wages Total |
Total Funds 2025 Total Funds 2024 £ £ 9,600 7,200 |
|---|---|
| 9,600 7,200 |
6. DEBTORS
Other Debtors Total
| Total Funds | Total Funds |
|---|---|
| 2025 | 2024 |
| £ | £ |
| 7,924 | 2,400 |
| 7,924 | 2,400 |
7. CREDITORS: AMOUNT FALLING DUE WITHIN ONE YEAR
| Other Creditors Accruals Total |
Total Funds 2025 Total Funds 2024 £ £ 7,482 3,600 - 1 |
|---|---|
| 7,482 3,599 |
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