REGISTERED COMPANY NUMBER: 10157473 (Engl4lld Wale5) REGISTLRED CHARITY NUMBER: 1177855 REPORT OF I'HE TRUSI'EES AND FIN rA TATEi¥IE R TEIE YEAR L'NDED 31 DECEMBEIR2025 FOR LAND Kings CAP Ltd Statutory Auditor 4 Gmvelands Boundary Wtty Hemel Hempstsad Hertfordshire HW2 7TE
THE OLD APOSTOLIC CHURCH ENGLAND CONTEKrs THEF AL STATKME for the YeAr Ended 31 Decemb r 2 TS Page Report of the Trustees Meport of the Independent Audltors StateThent of Finan£i&l Activiti Balance Sheet 10 IYote8 to the FlnADeiAI Statements 11 to 15 Detalled Stltement of FinAnei#l Attlvities 16 tr> 17
THE OLD APOSTOLIC CHURCH EN LAND REPORT OF THE TRUSTEES for the Year Ended 31 Doeember 2025 The truste¢s who are also directors of the charity for the pUOSeS of the Companies Act 2006. present their p)rt with the fjnallcial statements of the charity for the year ended 31 December 2025. The INstS have 8dopt¢d the provisions of Accounting and R¢porling by Charities.. Statement of Recommended Practice applicable to chariti¢s preparing their accounts in a¢cordanc¢ with the Fin8n¢ial Reportin8 Stattdard applicable the and Republic of Ireland (FRS 102) (effe¢tiY¢ l Janiiary 2019). OWEcfIvEs AND ACTIVJTtES Objectlvos And alms The Charity's objeclives are specifically focused on the following.. (l) To pmrnote the ¥ospel of Jesus Christ in tbe doctrine of the Chur¢h for the benefit of th¢ public,. (2) To establish ngregAtiOnS for th¢ promotion of the wid doctrine tsf the ChuKh for the benefit of the public; and (3) To establtsh Sunday schools, Choirs and other functions, having for their objects the instruction and training of the adberents in the said doctrine of the Church for the benefit of the public. Slgnlllcant a¢tiwltle$ The Charity's tllain actiYitie5 ar¢ Sunday services, midweek Breadbreaking activities includin8 Bible studies and Evangelistic activities in the Community, empowenneht of Prophetic activities within the Officer Strnclur¢ ld wider Community, Youth emptswernienL Sunday School and Confim)ation Cla35 provision, pmvisiort of Choirs and Telated choir pra¢ti¢es, promotion of church mission including Jnatters of social concern, visitation of Members and visitors th&t are sick and elderly in Hospitals. To provid¢ access to these activities (where large physical distan¢¢s would typicAlly prohibit this) the provision of technology solutions is used to fIllte this. Publle benollt The tSteeS have considered the guidance produced by the Charity Commissiou on th¢ provision of Public Benefit {in particular the specific guidance on chltieS for th¢ advat]cemen¢ of religion) and Confi that publi¢ benefit be¢n provided by:" Promgting the whole mission of the church through spiritually led activities for individuals and families. Providing regular public worship open to all (including through the use of technology). Conducting pastor work in¢luding visitin8 the sick and the btreaved. - TeachitL8 Christianity through Servic courses and groupbased a¢tiviti¢$. BTnpowering the Youth through Camps and Offjcer led activities Providing Sunday School and Confimation Cl88S£5 RegulAr empowering and trainillg of Church OtTicetY and Help Powers. Delivery of Fellowship aLtiviiies through Community picnics and outin8$. Volunteers The Church is supported by Church Officers. Help Powers and Officials who provide th¢ir servlces and support in a voluntary Rnd unpaid capacity. Their faiihfulness and eontribution rernaitis a Church strength. Page I
THE OLD APOStOLIC CHURCH NGLAND REPORT OF THE TRUSTEKS for the Year Ended 31 Deeember 2025 ACHIEVEMENTS AND PERFORMANC£ CharitAble activities Due to the spiritual nattire of the church's objectives it is difficult to quantify achievements; however. we have in the past year h]eVed and undertaken th¢ following activities: Continued to extend our engagement with Memb¢rs and VisitOTS by making Services And general Community activities ovailable through a hybrid solution of technology and increased ill-person activities. Eight successful Apostle Services during the year across the full Overseership, in¢ludill8 S¢ding Servi¢es in the North and South of England and an Ordainnent Servi¢¢ in De¢¢mb¢r 10 Souls S¢aled in the year - Ordaintnent oran Overseer, Elder and 2 underden9 in Lhe Year Continu¢d delivery of all weekly activities using Zoom Technology Suslained delivery of the pan-European Youth activitie$, delivering 5 integrata youth activities acros5 the Zoom platfom allowing Church Youth from Er¢land, Porti7g and Gerniany to interact with Éhe Youth frnm the United Kingdom - Sustained pan-European Community activities uniting Church Members from Ir¢l8nd, Porttwl and G¢miany with the Members from th¢ United Kingdom Sustained participation in the pan.European Senior Membet% activity allowing Senior Members from Ireland, Portugal and Gemiany to interact with the Senior Members from the United Kingdom - Production and Performan of the play "JOSEPH AND THB AMAZING TECHNtCOLOR DREAMCOAT, fft)m the Church Youth members. Requiring regular play pra¢ti¢¢$ a¢ross lh¢ len8th and breadth of the Country (including use of virtual platfornis) wi¢h su¢c¢ssful p¢rforniance5 al both North and South Sealillg Services well as a perfortnance at the Chiswick Town Hall in the Summer The year also included the delivery of 2 successful Eldership Youth Camps in Jersey and S¢otiand ¢nriching the faith of our Youth and inspiring Evangelism and fellowship across the Ov6r5¢ership Sunday Schoo15 and Confirniation Classes remain estsblished within all Communities, allowing the foundation of the Teaching to be shared with Sunday School as well as visiting ¢hildren. Several Sunday Sehix)l outings and activitie5 continued to be enjoyed throughout the year. Ayerage 1st Sunday Commut)ion Service attendanee during the period was 243 souls (increasing on prior year}, wtth consistent Evollgelistic and Testimony a¢tiviti¢s of16 visitors. FINANCIAL REVIEW FinAnei91 posi¢ioD The Church benefitted from £196,736 in voluntary tithes, contributions and donations during th¢ year under review review, a further £11,888 through Community fundraising a¢tiYities and £52,919 in investment income from a tnoney market COunt. Total ¢xpenditure on dIt charitable activities amounted to £136,657 with a further £13,499 in¢u¢d on fundraising activitie$. The Net Inwme for the period amounted to £11 1,387 that ha5 beeTL transferrrd to Unrestricted Reseryes at the end of thc period. Principal fundirtg sOufC¢S The funds of the Church are ¢oll¢¢ted by means of tithes, eontributions and donatiolls that are Thade on a volunlary basis. Investment policy nd objectives During the fInanciaJ year, an amount of £1.5m w&s re-inv¢5ted in Fl 12 month money mgrket account whi¢h ts generating investment income for the charity. Reservey pollcy The Church's policy on holding re5ery¢s is for the purpose of..- Ensuring the Chuwh can stjstain and grow its expansion while fulfilling its obje¢tiv¢s and without th¢ t)¢¢d to 8wess debt Over the long terni to be able to haye the opp)rtunity to quire immovable ptt)p¢rty, aoross a wide geography, to support its comtnunity activiti¢5 and pr¢senGe Unr¢5tri¢ted r¢s¢rve5 h¢ld at the end of the period ajnount to £1,65J,893. Page 2
POSTO URCH ENGLAND REPORT OF THE TRUSTEES for the Ytir Ended 31 De¢ember 2025 FINANCIAL REVIKW Golng eoneern The Church 15 expected to continue as a going concern. SfRucfuBE, GOVKRNANCE AND MANAGEMENT Governlng document The charity is controlled by it5 governing docum¢nl a de¢d OF trust, wjd ¢onstitut¢s a limited company. limited by guarantee, As defined by the Companie5 Act 2006. Re£ruitment 8nd sppointment of new trustees The Charity may by ordinary resolution at an anrtuai generttj tyJee¢ing appoin$ 8 person who is willing to act to be a trustee, subject to ¢he approval of the Apostolate. REFERENCE AND ADMINISTRATIVE DETAILS Regtstered CotllPAny number IOI57473 (England and Wales) Regl$ter¢d Ch4rlty numb¢r 1177855 Registered office 46 Station Road Kings Langley Hertfordshir¢ WD4 8LB Truste&8 S K Payrte OVerseerlSt&ry M Fourie Ovorseer Sister A Herbst Elder U Jacob Apostle and Chairman S Maritz Apostle G Reineke EVlSell$l B Richtcr Apostle C Robus Apostle C Smit Apostl¢ (appointed 23.1.25) Auditors Kiiigs CAP Ltd Statutory Auditor -4"Grovelands Boundary Way Hemel Hetnpstead Hertfordshire HP2 71E STATEMEf+rr OF TRUSIEES, RESPONSIBILITIES The trustees (who are also the directors of The Old Apostolic Church (Et)gland} for the purposes of cotnpany law) are responsible for preparing the ReJx)ri of the Trustees and the financiAI sthiements in accordance with applicable law and United Kingdom Acwuntin8 Standards (Unit¢d Killgdom Gen¢rv&lly Accepted A¢counting Practice) including Financial Reporting Standard 102 'The FInclaI Reportin8 St&idard applicabl¢ in the UK and Republic of Ireland" Poge 3
THE OLD APOSTOLIC CHURCH ENGLAND EPO F THE TRUSTEES for the Yeor Ended 31 December 2025 STATEMENT OTr, TRUSTEES, RESPONSIBILITIES- eontinue Company law requires the trustees to Prepa firtancial statements for each fin0n¢i year. Und¢r that law. the trustees have elected to prepare the financial slatem¢nts in ac¢ordanc¢ with United Kingdom Generally Accepied Accounting Pwti¢¢ (United Kingdom A¢countillg Standards and appli¢able law). Under company law the twstees must not approv6 the financial statemenis unless they are satisfied that they give a true and fair vlew of the stste of atyairs of the charitable company and of the incoming r¢sour¢es and application of resources. including th¢ incorne and expenditure, of th¢ charitable company for that period. In preparing those financial statem¢nts, the trustees are required to select suitabl¢ accounting policies and then apply them con8iStently' observe the nethods and principlts in the Charities SORP. ake judgements and estimates that are reasonable and prudent. prepare the financi&l statement5 on tlie going concern basis unless it is inappropriate lo pr¢5ume that the charitable company will Continue in business. The trustees art responsible for keeping proper accounting records which disclose with re&80nable accuracy at any time the financial position of the charitable company And to enAble them to ensure that the finahcial sta*ments comply with the Companies Act 2006. They are aIso responsible for safeguarding the assets of the charitabl¢ wmpany and hence for takittg reasonable steps for ihe prevention and det¢¢tion of fraud and other irre8ularities. In so far &s th¢ trustees are aware: there is no relevant audit information of which the charitable company's auditors are unawar¢,' and the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit itlfomhation attd to establish that the auditors are aware of that infomiation. AUDITORS The auditors. Kings CAP Ltd, will be proposed for re-appointmert¢ atthe fortheon)ing Annual General Meeting. AppTov¢d b rder of the board of trustees on... .... 6th June 2026 . and signed on its behalfby: SKP n¢- Trustee P&ge 4
EPO T OF TEIE INDEI P[1 NDEIYT AUDITORS TO TIIE MEMBEIiS OF E 01,D Aposroi,Ic c URCH NGLAND Oplnlon We have audited the finRncial sthtements of The Old Apostollc Church (England) (the '¢haritable comp&ny'l for the year ended 31 Deeemb¢r 2025 whi¢h cotnprise the St4t¢ment of Finallcial A¢tiviti¢s, the Balanc¢ She¢t and not¢s to the financial statements, includit)g a summary of significant accowiting policies. The financial reporting framework that ha5 been applied in their preparation is applicable law and United Kingdom AcCOLtin¥ S¢andards (United Kingdom Generally Accepted Ac¢ounting Practi¢e), ittcluding Financial Reporting Standard 102 The Financial R¢w>rting Standard applicablc in the UK and Republic of Ireland,. In oui opinion the fitian¢ial statements.. givc a true and fair view of the stAte of the charitable compdnls &ffairs L8 at 31 December 2025 and of Its incoming resources and application of resources. including its income and expenditu. for the year thett ended. have been properly prepared in accordance with United Kihgdotn Generally Accepted Accounting Practice, including Financial Reporting Stalldsrd 102 Yhe Financi] Reporting Standard applicable in the UK and Republic of Ireland" and have been prepared in attordance witb the requirements of the Companies Act 2006. BASIS for opln5on We conducted our audit in accordance with International Standard5 on Auditing (UK) (ISAS (UK)) and applicable law. Our re5POn5ibilities under those Standards are further described in the Auditor5, responsibilities for the audit of the financial statements section of our report. We are independent of th¢ charitable company in accordance with the ethic requirements that are relevant to our audit of the financial statements in th¢ UK, including th¢ FRC'S Ethi¢al Stsndard, and the provisions available for small entities, in the circumstances set out in tLOte I I to the finan¢ia] statement5. and we hav¢ fulfilled our other ethical responsibilities in ordanCe with these requirements. W¢ believe that th¢ audit evidettee we have obtaitted is sufficient and appropriate to provlde a basis forour opini(Trn. Coneluslons rel4tlng to golng eolleern In auditing the f]nancial statements, we have concluded th&t the trust¢¢8' vse of the going b&si5 of a¢wunting in the preparation of the finattcial statements is appropriate. Based on the work we have perfornied, w¢ h&v¢ not identified any material UD¢¢rtainties r¢lating to events or condition5 that, individually or rolltctively> tnay cast 5igllificant doubt on the chItable company's ability to coDtinue as a 80ing conceni for & period of at least twelve months from when the fJnan¢ial statements ar¢ authorised for issue. Our responsibilities and the responsibilities of the trustees with respect to goittg concern are dt5cribed in the relevant 5¢ctions of thi5 report. Other inforniatitsn The trustees are Jysponsible for the other inhrmation. The other inforniation comprises the information included I the Allnual R¢port, other thin the financi81 st8*ments and ourReport of the Independent Auditors Éhereon. Our opinion on the financial statements does not cover the other inforniation and, except to the extent otherwise expli¢itly slated in our report. we do not express any forni of assurdnce conclusion thereoll. tn eomiection with ouraudit of the-fthancial stat¢ment8,"our responsibility is to.read the othetrittforniation in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otheiSe appears to be materially misstated. If w¢ identify su¢h material inwnsist¢n¢ie5 or apparen¢ material misstatements, we ar¢ required lo determtne whether this gives ris¢ to a inaterial misstatement in th¢ financial 5talem¢nts themselves. If, based on the work we have perfonned, WE conclude that there is a ]natttial misst&tement of this other inforni&tion. we are Tequired to report that fact. We have nothing to report in this regard. Oplnlons on olhor m4tters pr¢scrlbed by the Companle$ Act 2006 In our opinion, based on the work undertaken in the Cou¢ of the audit.. the infomiation given it) the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the fittAncial statsments. and the Report of the Twstees ha3 be¢n prepared in CordanCe with applicable legal requirements. Page 5
REPORT OF I'HE INDEPKNDENT AUDITORS TO THC MEMBEIIS OF TIIE OLD AposfoLIC CHUR ENGLAND Matters on whleh we are requlred to report by ¢x¢¢ption In the light of the kllowledge and understanding of the ch8Tltthble company and its ¢nvironment obtailled in the course of the audil we h&ve not id¢ntified materia] tnisst&tementg in the Report of the Trnstees. We have nothing to reN)rt ill re8pect of the following matters where the Companie5 Act 2006 requires us to Teport to you if, it] our opinion., adequat¢ accounting records have not boen kept or r¢¢urns adequate for our audit have not b¢en received from bronches not visited by us; or th£ financial statements ar¢ not in agreement with the 3ccountÉng records and rerrts. or certain dis¢losurts of tnte¢s, remuneration specifjed by law are not made. or we have not r¢ceived all the infomia¢ion and explanations w¢ require for our audFt' or the tNstees were not entitled to tske advantage of the small Companies exemptioll from the wuirement to prepare Strategic Report or in preparing the Report of th¢ Trustees. Responsibilities of trnstees As explained more fully in the Statement of Trustees, Re5ponsibiliti¢s, the trustees (who ore also the directors of the charitable ¢omp8Dy for the purposes of company lawl are responsible for the preparation of the financial statements and for being satisfied that they give a tNe alld fair view, and for such internal control a5 the tru$t¢es determine is n¢cessary to ethable the preparation of fin8ncial statenThts that ar¢ frte (M mat¢riai mi5StatEmenl whether due to fiBud or ¢rror. In preparing the financial statements, the trustees are responsible for &ssessin8 the charitable mpanY'S ability to continue as a going ¢oncerll, disclosin& as applicabl¢, matters rclated to going concern aÉ)d using the goitjg concern basis of accounting unless the tnte¢S either intend to liquidate the chajitable company or to cease operations, or hav¢ no realistic altern1ve but to do so. Pa8e 6
REPORT OF TI.IE INDEI PENDENI, A DITORS TO THE MEMBEILS OF I'HR OLD APOSTOLIC CHURCH ENGLAND Our responslbllltles for the audit of the financiAI statement$ Our objectives are to obtain reason8ble a3suran¢e about whether the financial statements as o whole are fr¢e from material mi8Statem¢nt, whether due to fraud or error, and to i8$u¢ a Report of the Independent Auditors that includes our opinion. Re&sonable a85urance is & high level of assurance, but is not a guarantee that an audit ¢ondurt¢d in accordance with ISAS IUK) will dwRy8 detect a material misstatement wh¢n it exists. Misstatement5 call hrise from fraud or error and are wnsider¢d material if, individually or in the eat¢, they could reasonably be expected to influ¢nc£ the economi¢ decisions of u5¢rs taken on the basis of these financia] statemellt5. The extent to which our pr(ureS are capable of d¢te¢¢ing I¢glaritIcs, ineluding fraud ig detailed below: Our approach to identifyÈng and assessing th¢ risks of material MISStatl¢t in respect of itTegulariti¢$, including fraud and non-compliance with laws and resulalions was to ensure the engagement team collectively bad the appropriate compet¢nce, capabiliiies and skills to identify or recogni5e non-compliance with applicable laws and regulations. We obtained an ut)d¢rstandillg of the legal and regulatory frameworks that applicable to the etktity by way of di5CUSSlOt]s with the trustees 8nd from our commerciAI knowledge and experience in the charitabl¢ sector. We focused oll specifie laws and re¥ulations which we ¢onsideTed may have a direci maleriaI effect on the fLn2ncial 5tat¢m¢nts or th¢ operations of the charity, ittcluding the Cotnp&ni¢s Art 2006, Charities Act 2011 and data protection, employment and health and Safety legislation. We as5e55ed the extsnt oF¢ompliance with the laws attd tEgulations identified alK>V¢ throu making enquiries of tnana8ement and inspecting legal correspondence and identified laws alld regulations were wmmuni¢at¢d within the audit team regularly and the team retnained alert to instances of non.compliance throughout the audit. We assessed the susceptibility of the charity's financial statements to materiai misstatement, includin8 obtaining an understsnding of how fr&ud might occur, by makittg enquiries ol management to Whe they ¢onsid¢red there was susceptibility to fraud, their knowledge of actual, SUspecd and alleged frAud' and considering the internal controls in place to mitigate risks of fraud and non-wmpliance with laws and regulotions. To addws th¢ tisk of fr8ud through management bias and override of contro18 we performed an4lyti¢al procedures to identify any unusual or unexpected relationships. t¢st¢d journal entries to identify unusual transactions assessed whether judgements and assumptions made in dètenllining the aeeounting estimates w¢re indicative of potential bias. d inv¢stigat¢d the rationale behind signifjeant or Iv8val tran$tIOnS. In response to the risk of irregulatiti¢s and non.¢ompliance with laws and regulatiOll5, we designed Predr¢S which included, but wert not limited to.. agreeing financiai statement dis¢1ts5ures to underlying supportiDg dliM¢ntdtIon. enquiring of management 8$ to actual and potential litigation and claims. and - reviowitlg corresp)nden¢e wi¢h relevant regulators. There are inherent limitations in our audit procedures described above. Th¢ more r¢moved that laws and regulations are fft)m finallcial trallsactlOn8, the le&8 likely it is we would become aware of non4ompli2n¢e. Auditing standards also .limit the audit procedures required to identify non-_compliance with laws and regulations to enquiry of the attd trustees and other management and th¢ inspection of regulatory and legal correspondence, if any. Matsria] misstatsm¢nts that arise due to fraud can be harder to detect than those arise from error as they may involv¢ deliberate concealment or eollusion. A further description of our responsibilities foi. the audit of the fjnancial stat¢m¢nts is located on the Financial R¢portitt8 Council's website at www.frc.org.uklauditorsr¢sponsibilities. This description fom)s part of our R¢port of the Independent Auditor8. Page 7
REPORT OF THE INDEPENDENT AIIDITORS TO TIIF MEMBERS OF THE OLD APOSTOLIC CHURCH ENGLAND Use of our report This report is tnade solely to the charitable cotnpany's inember5, a5 a body. in accordanc¢ with Chapter 3 of Part 16 of Ihe Companies Act 2006. Our audit ivork has been undertaken so that we mighi slate to the charitable company's etnb¢r5 those tnatter5 we are required to State to thern in an auditor5. report and for tLQ Other purpose. To the fullest extent pertnitted by law, we do not a¢¢epl or assume SponSIbl11ty to anyon¢ other than the ¢haritable rornpany and the charitable cotnpany'5 members as a body. for our audit work. for this report, or for the opinions we have fortned. SaTa Brown Isenitsr Statutory Auditor) for and on behalf of Kings CAP Ltd Statlltory Auditor 4 GTovelands Boundary Way Hemel Hernpstead Hertford5hire HP2 7TE Page 8
THE OLD APOSI'OLIC CHURCH ENGLAND SI'ATEMIINT OF FINAN JNCORPORATING AN INCOML AND FXPENDITURE A OUN rE4n 31 December 2Q25 31.12.25 Unrestricted fund 31.12.24 Total fund8 Notes INCOME AND ENDOWMEt+fTs FROM Donations and legacies 196.736 183.521 Oiher trading activiti&S InvestttIt income 11,888 52,919 8,651 58,317 Total 261,$4J 250,489 EXPEI NDITURE ON Raisillg funds 13,499 18.024 ChArltsble aetivitles Charitable activities 136,657 115,529 TotAI 150,156 133.553 NET INCOME 111,387 116,936 RECONCILIATION OF FUNDS Total funds brought forward 1,542,51J6 1,425,570 TOTAL FUNDS CARRIED FORWARD 1,653,893 1,542.506 coNriNUtNG OPERATIOIYS All income and expenditure h&8 srisen from contilluing activities. The notes form part of these financial statements Pag¢ 9
THF OLD APOSTOI,IC CHU CH FNGLAND BALANCE SIIEET 31 December 2025 31.12.25 Unrestricted fund 31.12.24 Total funds Notes Ci}RRENT ASSETS Debtors Cash at bank 27893 1,668398 17,770 ,562,021 1,695,791 1,579.791 CREDITORS Amounts falling due within one year (41,898) (37,2851 r4ET CURREIYT A&8ETS ,653,893 1,542.506 TOTAL ASSETS LESS CURRENT LIAIIILI'fiF.S 1,653,893 1,542,506 NET A&8ETS 1ffj53,893 1,542,506 FUNDS Unrestricted fund8 1,653,893 ,542,506 TOTAL FUNDS 1ffi53,893 1,542,506 These financial stat¢ments have been prepared in &ccordanc¢ with th¢ provisions applicable to charitable companies subject to the small companies regime. Th¢ finan¢iai st*¢ments w¢r¢ approv¢d by t]ie Board of Tn¢8 and authorised for issu¢ 6th Jiill¢ 292.6 and were signed oll its behalf by- on aytte. Trustee The note8 form part of these financial statements Page 10
THE OLD APOSTOLIC CHURCH ENGLAND Ar Ended 31 December 202 ACCOUNTING POLICIES Basls of preparing tho financlal 8tatemonts The finattbial Stamellts of The charitable Lxpmpany, which is a public benefit entity under FRS I02, have been prepared in accordance with the Charities SORP {FRS 102}'Accounting and Reporting by ChaTiti¢s'. Statement of Recommended Practice applicable to charities preparing their accounts in a¢cordan¢e with the Financial Reporting Standard applicable in the UK and R¢publi¢ of Ireland (FRS 102) {¢ffective l January 2019),, Finattcial Reporting Stsndard 102 'The FinatLc1 REPOrtin8 Standard applicable in thr UK and R¢public of Ireland, and the Companies Act 2006. The financiai statements have been prepared under the historical cost cot)v¢ntion. At the time of approving the financial statements the tThstees have reasonable expectation that the mpally has adequate resou]ces to continue in operdtional existence for the foreseeable future. Thus the cot))pany continues to adopt the going concern basis of accounting. Income All incotne is recoglli5ed it] the Statement of Financia] Activities OTLce the charity has entitlement to the funds. it is probable that the incom¢ will be received and ¢he &mount Call be measured reliably. Eyp¢nditure Liabilities are recognised as expenditu as soon as there is a legal or nStructive obligation wmmitting the charity to that expenditure, it is probabl¢ that a transfer of e¢onomic b¢nefits will be required in settlemeht aDd the amount of the oblisation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified utjder headings that aggregate all Cost related to the category. Where costs cannot be directly attrrbuted to particular headings they have been allocated lo activities on a basis coThsistent with the use of resources. Taxation The charity is exempt from ¢OTporation tax on its charilable activities. Fund Ae¢ountlng Unr¢stri¢ted fund5 cm be used in 8CWrdan with th¢ ¢h•itabl¢ obj¢¢tiv<% at th¢ discretK>n of the trustees. Restricted funds can only be used for particular restricted pwp)s¢s within the obj¢¢ts of th¢ ¢hatity. R¢stri¢tions arise when specified by the donor or wh¢D funds ar¢ raised for parti¢ular restricted purposes. Further explanation of the nature and purpose of each fund is included in the not¢s to the fllWi¢l stat¢m¢nts. Donated time and 1¢¢$ Time and service 15 expended on the Charity's activities and governance which is donated free of charge. It is impractical to quantify the value of the time given. and accordingly is neither recorded as donated income nor . an-¢xpense In"the-fifianclal Stslemtnls. OTHKR TRADING ACTIVITIES 31.12.25 31.12.24 Fundraising events 11,888 8,651 PAgell continued...
LD posroL URCH ENGLAND NOTES TO THE F ANCIAL TATE foi. tlie YeAr Ended 31 Deeember 2 contlnued INVEsfMI NT INCO1& 31.12.25 11.12.24 Deposit Ount inkrest 52919 58.317 AUDITORS, RCI MUNEI RATION 31.12.25 31.12.24 Fe¢s payable to the charity's auditors forthe audit of the charity's financial 5tatem¢nts 6204 6,075 TRUSTEES, REMUNERATION AND BENEfirrs No tNst¢es rwieved remuneration during the financial year (2024.. £Nil). There were no employees during the flnallcial y¢ar {2024.. Nil). Truste¢$' eipen8e$ Trustee expenses do¢umented in the ielated party tr8nsa¢¢ions not¢. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestri¢ted nd INCOME AND ENDOWMENTS FROM tk>nations and legacies 183,521 Othor tradin8 activities Inv¢$tm¢n¢ InMe 8,651 58,317 Totsl 250,489 EXPENDITURE ON Raising funds 18,024 Charitabk ctiVItIes Charitable activities 115,529 TotAI" 133,553 NETINCOME 116,936 RECONCILIATION OF fiUNDS Total funds brought f0tTrvd 1,425,570 TOTAL FUNDS CARRIED FORWARD 1,542,506 P12 ODtinued...
THE OLD APOSTOLIC CHURCH ENGLAND NOTES I'O THL FINANCIAL TATEMKNr for the Yeir Ended 31 Decernbcr 2025 in DEBTORS: AMOUNTS VALLIiYG DUE wrrHIN ONE YEAR 3l.12.25 31.12.24 Trade debtors Other debtors Prepayments 7,981 200 19 J12 6,081 200 11,489 27A93 l7,770 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.25 Jl.l2.24 Trade ¢reditoJ¥ Accru¢d expenses 13,791 28,107 6,016 31269 41,898 37285 MOVEMCI NT IN FUNDS Net movement in funds At 31.12.25 At 1.1.25 Unrestricted funds General fund I42,$06 IllJ87 1,653093 TOTAL FUNDS 1,542,506 IllJ87 1,653193 Net mov¢ment in fiinds, included in the above are as follows.. Incojning resources Resource$ expended Movement in filnds UNrestrieted fuRds General fund 261,54J (150,156) IllJ87 TOTAL FUNDS 261,543 (150,156) IllJ87 Comparntiyes for m•vem¢nt in fund8 Net movement its funds At 31.12.24 Atl.1.24 Unrestricted funds G¢neTal fund 1,425,570 116.936 1,542,506 TOTAL FUNDS .425,570 116,936 1,542,506 Page 13 continued...
THE OLD AposfoLIC CHURCII INGLAND (YrES T Nci Ar Ended TA tln orth mber 2 MOVEMENT IN FUNDS- eorttlnued Comparydtive net movemènt in funds, included in the #knve are as follows: Incomittg resources Resources expended Movement in funds Unrestricted funds GenEral fund 250,489 {133.553) 116.936 TOTAL FUNDS 250,489 (133,553} 116,936 A current year 12 months and prior year 12 months combined p08ition is as follows.. Net mov¢m¢nt in funds At 31.12.25 At 1.1.24 Unrestrleted funds General fund 1,425,570 228,323 1,653,893 IDTAL FUNDS 1,425,570 228,323 1,653,893 A current year 12 months and Prior year 12 months combined D¢t movement in funds, included in Éhe above are s follows-. Inwming resources Resou¢5 exp¢nded Mov¢m¢nt in fvnds Unrestrlcted funds General fund 512,032 (283,709) 228,323 TOTAL FUNDS 512,032 (283,709) 228,323 io. RELATED PARTY DISCLOSURES During the financial year, tithe income of £22,357(2024'. £18,314) was received from and expenses of £29,530 (2024: £16,134) w¢r¢ reimbursed to trustee5 of th¢ charity. As at 31 Dec¢mber 2025 included within trade debtors was £115 (2024.. £6561 due from trustees. As at 31 De¢ember 2025 it)¢luded within trade creditors was an amount of £387 (2024: £651) due to twstees. Page 14 continued...
THE OLD APOStOLIC CHURCH ENGLAND r40TES TO'fFIE FINANCIAL STATEME for the Year F,nded 31 December 2025 on Inued ii. FRC ETHICAL &fANDARD- PROVISIONS AVAILABLE FOR SMAI.L IIPnlTIES In ¢ommon wtth many other businesses of our size and nathre we use our Auditors to assist with the preparation of the financial gtatements. Page 15