Charity Registration Number : 1176721 ## **THE APOSTOLIC CHURCH INTERNATIONAL (ONE-FOLD)** A CHARITABLE INCORPORATED ORGANISATION (CIO) FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2024 ## **THE APOSTOLIC CHURCH INTERNATIONAL (ONE-FOLD)** ## **CONTENTS** FOR THE YEAR ENDED 30 SEPTEMBER 2024 Legal and Administrative Information ............................................................................................................. 1 Trustees' Report ............................................................................................................................................. 2 Independent Examiner's Report ..................................................................................................................... 3 Statement of Financial Activities ..................................................................................................................... 4 Balance Sheet ................................................................................................................................................ 5 Notes to the Financial Statements .................................................................................................................. 6 ## **THE APOSTOLIC CHURCH INTERNATIONAL (ONE-FOLD) LEGAL AND ADMINISTRATIVE INFORMATION** FOR THE YEAR ENDED 30 SEPTEMBER 2024 **Trustees** Alexander Abankwa Oware Isaac Addai Rev Daniel Kofi Addison Lilly Dwamena-Antwi Nicholas Ofori Attah **Charity Number** 1176721 **Registered Office** 10 Tulip Close Romford RM3 8BX ## **Independent Examiner** NF Financial Solutions Ltd 211 Boundary House Boston House London W7 2QE Page 1 of 8 THE APOSTOLIC CHURCH INTERNATIONAL {ONE-FOLD) TrUSTEES' REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2024 The trusiees prtsenl thdr annual repoit and finanual 51atern￿ts for the ￿ eThled 30 September 2024. The tru51ee5 who are als(t direttors of thè tharity fw the wrposes of ￿ Companie5 Att 2006. present thelr report th the fSnandal 5tatemenrs of the charity for the year eryded 30 Sèptember 2024. The trusiees have adopted the ovislons of Ac((wtins and RqM)rtirt8 by Ch•rtLles- Statement of Recommended Practice applicable ro ch&riLies pre￿ring their alr￿￿t5 in accordance Ebe Financial Repcrting 513nd3rd ap￿ICable in thÈ UK and Republic ol Irela￿] IFRS 1021 ieflectiye l January kn9). trustees. who a￿ a150 the dlrecrors for the purrKsse of compw IWAT. afid who served thring the year and up to Èhe of 5ÈBriature ol the flrwno31 statements were- A[ex￿der1*bOn￿Wa I￿re Isaac Addai Re¥ Dartiei XofiAddison Ljlty th¥amena-Antr NTthoLa5 Qfod Attah The t￿￿tee5. are a150 the threcttr5 of Chanty For The Church Iniernatkjnal IOne.Foldl for the purp05e of CLI￿panY law, are re¥thwbie for preparin8 the Tru5tee5' Repcrt and the Ananclal statements in accardance wlth appiicabie law lJniLed Kingthm Accowtfns Stand•rd5 ILlnited Kit)2¢Jtyh Generally Accepted AccrAhltin£ PYactice}. Company Law requlre5 the trustees ro p¥Ep3re financial SiatertEnts for each finanoal yeaT which give a true atxl la>r ew of the Stale cf affatrs of the charity and of Èhe i￿0￿1￿¥ Te5QU￿ ar￿ awAlcatyon of Te51wrces, I￿1￿￿1n9 the Incorne and expenditure, of the tharitoble company for thai year. In preparing these fir￿ncial$t￿lcrnents. ihe trus￿5 •r*required w: 5eieci suitable 4Eiwntln8 wlfcie5 and then ap￿Y them con575tfft*ly: . *)bserYe the methcA15 and Prinaple5 in ihe Charitie5 SORP.. make IL*ements and estlrrthtes that a￿ reasorthe prudent". state whether appI￿able UK AC￿￿nth14 StarKJard5 have been frAlowed. SLthlect io any rnaierlal depariL¥ÈS disclosed aftd explained iTr the financial 5taternent& antt prepare the financial statements oh the gO￿g concern batt5 unle55 it ￿ ?twppr(y4ite to we5ume that the Iharfty wlll contlnue in operatTon. The trnsree5 are reswrsibie fLW a&equare acc1xth￿l rtt￿dS thai d15cLose wlth reasonable ¥curacy at ony ti¥ne financial rK5siti￿ of charlty arwj enatrAe them to tl*t fit￿l￿1a1 51atements ionyiy wilh the Companies I￿. Tlw are aisa respLwble Safeg￿th[ry t1￿ assets ol C1￿￿ty and hence ftr ￿kIng re￿nable st￿6 fu the weventh)n •r4 dEte(¢bn of fraxl a￿1 Irre￿￿r11￿s. Thts re was by the tr￿e￿$ ¥tKI SIR￿1 on its behalf l¥. R*v Danl•l Ko Ad Trust*• Dale." 07 Wil 21Y26 Page2Df8 ## **THE APOSTOLIC CHURCH INTERNATIONAL (ONE-FOLD)** ## **INDEPENDENT EXAMINER'S REPORT** ## FOR THE YEAR ENDED 30 SEPTEMBER 2024 Independent Examiner’s Report to the Trustees of The Apostolic Church International (One-Fold) I report to the Charity Trustees on my examination of the accounts of the charity for the year ended 30 September 2024 which consists of the statement of financial activities,balance sheet and the related notes ## **Responsibilities and basis of report** As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act') I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent Examiner's Statement** The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of IFA I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination (other than that disclosed below *) which gives me cause to believe that in, any material respect: - the accounting records were not kept in accordance with section 130 of the Charities Act; or the accounts did not accord with the accounting records; or - the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination. - 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 accounts to be reached. ## Name: **Basthiyan Rodrigo** for and on behalf of **NF Financial Solutions Ltd** ## Date: **11 May 2026** Page 3 of 8 ## **THE APOSTOLIC CHURCH INTERNATIONAL (ONE-FOLD)** ## **STATEMENT OF FINANCIAL ACTIVITIES** ## FOR THE YEAR ENDED 30 SEPTEMBER 2024 |**Recommended categories by**
**activity**
**Income and endowments from:**
**Notes**
Donations and legacies
2
**Total**
**Expenditure on:**
Raising funds
Charitableactivities
3
Other
5
**Total**
Net income
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted funds**
**£**
231,372.00
**231,372.00**
18,998.50
168,121.50
7,640.00
**194,760.00**
36,612.00

**36,612.00**
279,638.00
**316,250.00**|**Total Funds 2024**
**£**
231,372.00
**231,372.00**
18,998.50
168,121.50
7,640.00
**194,760.00**
36,612.00

**36,612.00**
279,638.00
**316,250.00**|**Total Funds 2023**
**£**
280,406.00| |---|---|---|---| ||||**280,406.00**| ||||30,972.00
170,494.00
-| ||||**201,466.00**| ||||78,940.00| ||||**78,940.00**
200,698.00
**279,638.00**| Page 4 of 8 THE APOSTOLIC CHURCH INTERNATIONAL (ONE-FOLD BALANCE SHEEr FOR THE YEAR ENDED 30 SWEMBER 2024 Unr*stricted funds Total FLmd5 2024 Total Funds 2023 aetivlty Ffxed as8eES TangiEle a￿ets 90.465.Q) 90.465.( 84.431.LKI Tatsi fiX@d assÈts 90.465.1)0 90.465.OJ 84.431.ty) (yrrent è55ets Debtor5 .(xxi.(N) 56.0(4).o) 56.030.fy) Cash èt bafik and In 185.935.1)J 185,935.D) 155.767.CO Total curr•nt ass• Z41.935.1 241.935.fy) 211,767.00 Cieditar5= amounts fallfngdue thln year 16.1 gJ.00 16.IXI.(KI I6.560.￿) Net currEot a￿ts 225.785.00 2Z5,785.C•J 195,207. Total n•t ass•ts 316.250.1 316.250.Tr) 279.638. Funds of the Charlty Unrestrtted f￿d$ 10 316.250. 316.250.(K) 279.638. RestrtcrEd funds 10 £rthwtWLeDt fut¥J5 10 Totalfun¢Js 316.250.iX) 3t6.250.00 279.638.fy) For thp year endÉd 30 s￿ptem￿r 2024 the CLMnpany was entltled to ex•ry>tfon audlt ￿￿er section 477 of the CompatiiE5 Act 2C06 relating to small comwle5. The members have not rEqu5red the compaty to obtsfjn art of Its 3CCOunts for the year In question ln accordance wlth SectW￿ 476. The t¥ustee5 ackMwled£e their res￿￿s1b7IIlIes fw C￿￿&4y108 rhe TequiremEVt5 of C(thponies Act 20t¥> With re5PeCt LO acc(x1ntlr￿ records aThJ the ￿epara￿L￿ of accwnts. These accw#ts haye been &YepHred and deilvtred in accordance ￿th the w￿$lon$ oprAicable to companie5 subject io Ihe sm311 companles reglme. eots Vlere appttI￿d ty the tnotee5 07 Apnl 2026 and slwed rm lu bEhall ty: Rev nlel Date . 07 Aprfl 2026 Page5of8 **THE APOSTOLIC CHURCH INTERNATIONAL (ONE-FOLD)** ## **NOTES TO THE FINANCIAL STATEMENTS** FOR THE YEAR ENDED 30 SEPTEMBER 2024 ## **1. Accounting Policies** The principal accounting policies adopted by the Charity, which is a public benefit entity, in the preparation of the accounts are as follows. ## **1.1 Basis of preparation** These accounts have been prepared under the historical cost convention, as modified by the inclusion of charitable properties and fixed asset investments and investment properties at valuation. These accounts 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 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. These accounts are presented in pounds sterling and rounded to the nearest pound. ## **1.2 Going concern** The Trustees have prepared financial projections, taking into consideration the current economic conditions and have, at the time of approving these accounts, a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the accounts. ## **2. Income from Donations and Legacies** |**2. Income from Donations and Legacies**||| |---|---|---| |**Analysis**
**Unrestricted funds**
**£**
Donation and gifts
230,918.00
Gift Aid
454.00
**Total**
**231,372.00**
**3. Expenditure on Charitable Activities**
**Analysis**
Travel and Subsistence
**Unrestricted funds**
**£**
10,410.00
Outreach Activities
136,713.00
**Total**
**147,123.00**
SupportCosts
20,998.50
**168,121.50**|**Total funds 2024**
**£**
230,918.00
454.00
**231,372.00**
**Total funds 2024**
**£**
10,410.00
136,713.00
**147,123.00**
20,998.50
**168,121.50**|**Total funds 2023**
**£**
273,280.00
7,126.00| |||**280,406.00**| |||**Total funds 2023**
**£**
12,963.00
124,999.00
**137,962.00**
32,532.00
**170,494.00**| ## **3. Expenditure on Charitable Activities** Page 6 of 8 ## **4. Support Costs** |**Analysis**
**Support Costs**
Printing and stationery
Insurance Cost
Bank Charges
Premises Cost
Insurance Cost
**Governance Costs**
Accountants fees
**5. Other Expenditure**
**Analysis**
Depreciation Charge for the Year - Other Land & Buildings
**Total**
**6. Tangible Fixed Assets**
**6.1 Cost or valuation**
At 01 October 2023
Additions
Disposals
Revaluations
Transfers
At 30 September 2024
**6.2 Depreciation and impairments**
At 01 October 2023
Charge for the year
Disposals
Revaluations
Transfers
At 30 September 2024
**6.3 Net book value**
At 01 October 2023
At 30 September 2024||**Total funds 2024**
**£**
**Total funds 2023**
**£**
1,999.00
1,963.00
889.00
-
219.00
413.00
34,890.00
58,566.00
-
2,000.00
1,002.00
1,560.00|**Total funds 2024**
**£**
**Total funds 2023**
**£**
1,999.00
1,963.00
889.00
-
219.00
413.00
34,890.00
58,566.00
-
2,000.00
1,002.00
1,560.00|**Total funds 2024**
**£**
**Total funds 2023**
**£**
1,999.00
1,963.00
889.00
-
219.00
413.00
34,890.00
58,566.00
-
2,000.00
1,002.00
1,560.00| |---|---|---|---|---| |||**39,997.00**
**63,504.00**||| |||**Unrestricted funds**
**Total funds 2024**
**£**
7,640.00
**£**
7,640.00
**7,640.00**
**7,640.00**
**Other Land &**
**Buildings**
**£**
**Motor Vehicles**
**£**
84,431.00
-
-
13,675.00
-
-
-
-
-
-
**84,431.00**
**13,675.00**
-
-
4,222.00
3,419.00
-
-
-
-
-
-
**4,222.00**
**3,419.00**
84,431.00
-
**80,209.00**
**10,256.00**||**Total funds 2024**
**£**
7,640.00| |||||**7,640.00**| |||||| ||||**84,431.00**
**13,675.00**|| ||||-
-
4,222.00
3,419.00
-
-
-
-
-
-|| ||||**4,222.00**
**3,419.00**|| ||||84,431.00
-|| ||||**80,209.00**
**10,256.00**|| Page 7 of 8 ## **7. Debtors: Amounts falling due within one year** |**Analysis of Debtors**
Other debtors
**Total funds 2024**
**£**
25,000.00
Loans
31,000.00
**Total**
**56,000.00**
**8. Cash at bank and in hand**
**Analysis**
Cash at bank and in hand
**Total funds 2024**
**£**
185,935.00
**Total**
**185,935.00**
**9. Creditors: Amounts falling due within one year**
**Analysis of Creditors**
Other creditors
**Total funds 2024**
**£**
2,000.00
Loans
14,150.00
**Total**
**16,150.00**|**Total funds 2023**
**£**
25,000.00
31,000.00| |---|---| ||**56,000.00**| ||**Total funds 2023**
**£**
155,767.00| ||**155,767.00**| ||**Total funds 2023**
**£**
1,560.00
15,000.00
**16,560.00**| ## **8. Cash at bank and in hand** ## **9. Creditors: Amounts falling due within one year** ## **10. Charity funds** ## **10.1 Details of material funds held and movements during the CURRENT reporting period** |**Fund names**|**Fund balances**
**brought forward**
**Income**|**Expenditure**|**Fund balances**
**carried forward**| |---|---|---|---| ||**£**
**£**|**£**|**£**| |**Unrestricted funds**|||| |**Total**|**279,638.00**
**231,372.00**|**194,760.00**|**316,250.00**| |**10.2 Details of material funds held and movements during**||**the PREVIOUS**|**reporting**| |**period**|||| |**Fund names**|**Fund balances**
**brought forward**
**Income**|**Expenditure**|**Fund balances**
**carried forward**| ||**£**
**£**|**£**|**£**| |**Unrestricted funds**|||| |**Total**|**200,698.00**
**280,406.00**|**201,466.00**|**279,638.00**| Page 8 of 8