Registered Charity No - 1176721
The Apostolic Church International
(One Fold)
Trustees’ Report and Accounts 30 September 2020
| CONTENTS | PAGE |
|---|---|
| Legal and Administrative Details | 2 |
| Trustees' Report | 3 |
| 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 30 SEPTEMBER 2020
Trustees
-
Alexander Abankwa Oware
-
Isaac Addai
-
Kwaku Owusu Amankwa
-
Lilly Dwamena – Antwi
-
Nicolas Ofori Attah
Charity registered Number Date of charitable registration Principal office
1176721 18 January 2018
103 Bensham Manor Road Thornton Heath CR7 7AG
Independent examiners Bankers
Patsy Alexander ACMA MSC – C/o GoodtoGive
HSBC Bank PLC Barclays Bank
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TRUSTEES' REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2020
Structure, governance and management
The 5 Trustees are:
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Alexander Abankwa Oware
-
Isaac Addai
-
Kwaku Owusu Amankwa
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Lilly Dwamena – Antwi
-
Nicolas Ofori Attah
New Trustees are appointed by the existing Board of Trustees on the basis of their expertise and involvement in furthering the mission and vision of the charity. The Board of Trustees have a variety of experience including Christian ministry and church administration, financial management, fundraising, education skills. The Board is accountable to the Charity Commission for the careful use of charitable and other public funds provided in a variety of forms, and for the achievement of appropriate performance standards in service delivery. The Board of Trustees meets at least quarterly to oversee the vision and strategies of the charity.
With the growth of activities of the charity an ever-increasing level of expertise is required on a day-to-day basis and an established management is in place that is capable of running the affairs of the Charity.
The Trustees remain committed to advancing the Christian faith, education in the areas of Christianity and recovery from drug addiction, prostitution and the relief of persons in need particularly through the provision of facility, counselling and support.
Governing document:
The Apostolic Church International (One-Fold) is a charitable incorporated organisation formed on 18 January 2018 and a CIO foundation registered 18 January 2018.
Recruitment and appointment of trustees:
The members of the General Trustee Board are trustees for the purposes of charity law. New trustees may be appointed by resolution of a meeting of the trustees.
Much of the charity's work focuses upon the promotion of the Christian religion and the running and maintenance of its places of worship.
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 trustees, 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 members of the charity and use their own experience to assist the charity.
Risk Management:
The trustees actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The trustees have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.
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TRUSTEES' REPORT
FOR THE YEAR ENDED 30 SEPTEMBER 2020
Public Benefit:
The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or aims' that are for the public benefit. Details of how the charity has achieved this are provided in the Trustees report. The Trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.
Objectives and activities:
• To advance the Christian faith for the benefit of the public in accordance with the statements of belief appearing in the schedule.
• The prevention or relief of poverty by providing items and services to individuals in need and/or charities, or other organisations working to prevent or relieve poverty.
• To help young people through leisure and faith-based activities, so as to develop their capabilities that they may grow to full maturity as individuals and members of society.
Financial review:
The Trustees have prepared the accounting policies for The Apostolic Church International (One Fold) in accordance with the requirements of the applicable SORPs and of best accounting practice. This is the 2[nd] year of the charity.
Plans for future periods:
The Charity plans to develop various fundraising strategy to include community outreach. Besides community outreach 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 to the yearly programme.
Statement of Board of Trustees’ responsibilities:
The Board of Trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.
Charity law applicable to charities in England/Wales requires the Board of Trustees to prepare financial statements for each financial year which gives a true and fair view of the state of affairs of the Charity and of the surplus or deficit of the Charity for that period. In preparing those financial statements the Board of Trustees have:
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Selected suitable accounting policies and applied them consistently,
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Made judgments and estimates that are reasonable and prudent,
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Stated whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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Prepared the financial statements on a going concern basis (unless it is inappropriate to presume that the Charity will continue in operation).
The Board of Trustees has overall responsibility for ensuring that the Charity has an appropriate system of controls, financial and otherwise. They are also responsible for keeping proper accounting records which
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TRuE£ REPORT FOR THE YEAR EPIDED 3• SEFfEMBER20 Sta¢¢rn¢llt ofBu8rd of TT¥5tee5' responsibdities: (Conhnu¢dJ disclose with aSonable accuracy at any time the financial Fosiiiun of the Cbarity and enable them tD ensiire that the fuwicial statementscomply with the Ch8riues Act 1993. ThEy are also ttsponsible for safeguarding the assets of the Charity and hence for thkirtg rt&qonab]e ps the detection and prevention of fraud and other irre8ularities. The Board 0[Truste is respjnsible for the mainienance aThJ illlesrity of the cory)oTaie and finAncial inforniatiorL L¢gi5iation in the United Kittgdom goNrrning the PTeparntioll and di55emination of financial statements may differ from legislalion in other jurisdictiotis. Statemeni ofdisclo5WE ofinfomution indepth euTDiner We. Js the Trustee5 of the Cbarity who held at the da of appTrval ofthex financial sthtements os set out on pa8e 2 eurh wnfim4 so far as we are awdr4 thaf There is no relevant ittfonnatioD ofwhich the Clariws ex8miner atr unttware: and we ha ken 411 the steps that we ought 10 have taken as TnCeS in order to rn¥ke ourselves Aware of any Televant infomiatiOD and io eublish thai the clwitys examittrarE awa of that infonnatio Indepeodent Emmlner The charis independcnt examiner. Patsy eXAnthr ACMA MSC Cjo Ckn)d Give LTD. has indicated their Willingne to continue in office and offer thcm5elves for atvoinlmenL This report w&$ appmved by the TnCeS on and 5igwd rn theirbeholf by. Alexander Abankwa Oware
INDEPENDENT EXAMINER`S REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2020
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE APOSTOLIC CHURCH INTERNATIONAL (ONE FOLD)
I report on the financial statements of the charity Apostolic Church International (One-Fold) for the year ended 30 September 2020 which comprise the Statement of Financial Activities and Balance Sheet with associate notes.
This report is made solely to the charity's Trustees, as a body, in accordance with section 145 of the Charities Act 2011 and regulations made under section 154 of that Act. My work has been undertaken so that I might state to the charity's Trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my examination work.
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
The charity's Trustees are responsible for the preparation of the financial statements, and they consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the Act) and that an independent examination is needed.
It is my responsibility to:
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Examine the accounts (under Section 145 of the Charities Act);
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To follow the procedures laid down in the General Directions given by the Charity Commissioners (under Section 145(5)(b) of the Charities Act); and
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To state whether particular matters have come to my attention.
Basis of Independent Examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Group/Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
Independent Examiner's statement
In connection with my examination, no matter has come to my attention:
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1) which gives me reasonable cause to believe that in any material respect the requirements:
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to keep accounting records in accordance with section 130 of the Act; and
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to prepare financial statements which accord with the accounting records and comply with the accounting requirements of the Act
have not been met; or
- 2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
Signed: Dated: 01/07/2021 Patsy Alexander ACMA MSC
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STATEMENT OF FINANCIAL ACTIVITIES
(Incorporating income and expenditure account) FOR THE YEAR ENDED 30 SEPTEMBER 2020
| Unrestricted | Restricted | Total Funds | Total Funds | ||
|---|---|---|---|---|---|
| 2020 | 2020 | 2020 | 2019 | ||
| Notes | £ | £ | £ | £ | |
| Incoming resources | |||||
| Donations and Legacies | 2 | 142,634 | - | 142,634 | 111,790 |
| Gift Aid | 2 | - | - | - | - |
| Total Incoming resources | 142,634 | - | 142,634 | 111,790 | |
| Resources expended | |||||
| Direct charitable expenditure | 78,094 | - | 78,094 | 93,570 | |
| Governance costs | 1,500 | - | 1,500 | 1,500 | |
| Total Resources expended | 79,594 | - | 79,594 | 95,070 | |
| Movement in total fund for the | |||||
| year- Net income / (expenditure) | 63,040 | - | 63,040 | 16,720 | |
| For the year | |||||
| Fund balance brought forward | 74,564 | - | 74,564 | 57,844 | |
| Fund balance carried forward | 137,604 | - | 137,604 | 74,564 |
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BALANCE SHEET FOR THE YEAR ENDED3• SEpfEMBER 2020 2020 2019 Note £ FIXED ASSETS TanBibie assets CVRREPU AssErs Cash ai bgnk 139.1( 76.Ih54 139,1(M 76.064 CREDITORS: amounts falling within iJoo NET cuRREr ASS 137,61 74,564 TOTAL Assrf CURRE LIABILITIES 137,6D4 74,564 NET ASSETS 137.601 74.564 CHARITY FUNDS Unrestricid fuods 137.604 74564 TOTAL FUNDS 137,604 74,564 The fujancial stsiemenL4 were approved by the Tntstees ath1sid on theirbehajf, by.. Alexander Abankwa Oware The note5 fonn of these firton¢ial *aiements age
NOTES TO THE FINANCIAL STATEMENT
FOR THE YEAR ENDED 30 SEPTEMBER 2020
1. ACCOUNTING POLICIES
1.1 Basis of preparation of financial statements
The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP), 'Accounting and Reporting by Charities' published in March 2005 and applicable accounting standards.
1.2 Fund accounting
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund are set out in the notes to the financial statements.
1.3 Incoming resources
All incoming resources are included in the Statement of financial activities when the charity has entitlement to the funds, certainty of receipt and the amount can be measured with sufficient reliability.
Donated services or facilities, which comprise donated services, are included in income at a valuation which is an estimate of the financial cost borne by the donor where such a cost is quantifiable and measurable. No income is recognised where there is no financial cost borne by a third party.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
1.4 Resources expended
Expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities, they have been allocated on a basis consistent with the use of the resources.
Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management carried out at Headquarters. Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements.
Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the yearend are noted as a commitment, but not accrued as expenditure.
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2. VOLUNTARY INCOME
| Donations from individuals Gift Aid Total Income |
2020 £ 142,634 - 142,634 |
2019 £ 111,790 - |
|---|---|---|
| 111,790 |
3. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Accruals and Differed Income Total 4. MOVEMENTS IN FUND 2019 Unrestricted Fund General Fund 75,564 Net movements on fund, included in the above are as follows: Income resources Unrestricted funds £ General fund 142,634 |
2020 1,500 1,500 Net movements in funds 63,040 Resources expended £ 79,594 |
2019 1,500 |
|---|---|---|
| 1,500 2020 137,604 Movement in funds £ 63,040 |
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| Detailed statement of Financial Activities: INCOME & EXPENDITURE 2020 INCOME RESOURCES Voluntary Income Donations and Legacies 142,634 Other Trading Activities - Gift Aid - Total incoming resources 142,634 RESOURCES EXPENDED Cost of generating voluntary income Telephone 468 Printing, Postage and Stationery 425 893 Governance cost Accountancy & Professional Fees 1,500 Marketing - Repair & maintenance costs 280 Outreach Works 34,056 Insurance Cost 1,286 37,122 Other resource expended Rent & Rates 34,692 Travel subsistence 6,782 41,474 Finance Bank Charges & Interest Paid 105 105 Total resources expended 79,594 Net income /(expenditure) 63,040 |
2019 111,790 - - |
|---|---|
| 111,790 453 326 |
|
| 779 1,500 1,055 520 43,425 1,286 |
|
| 47,786 34,724 11,676 |
|
| 46,400 105 |
|
| 105 95,070 |
|
| 16,720 |
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