**REGISTERED CHARITY NUMBER: 1182174** ## **REPORT OF THE TRUSTEES AND** ## **UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 18 SEPTEMBER 2023** ## **FOR** ## **APOSTLES OF CHRIST CHURCH** ## **TAWANDA GROUP LTD** Innovation Centre Medway Maidstone Road, Chatham ME5 9FD ## **APOSTLES OF CHRIST CHURCH CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 18 SEPTEMBER 2023** |||**Page**| |---|---|---| |**Report of the Trustees**|1|| |**Statement of Financial Activities**|2|| |**Balance Sheet**|3 to|4| |**Notes to the Financial Statements**|5 to|9| |**Detailed Statement of Financial Activities**|10 to|11| **APOSTLES OF CHRIST CHURCH** ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 18 SEPTEMBER 2023** The trustees present their report with the financial statements of the charity for the year ended 18 September 2023. The trustees have adopted the provisions of 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). ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** ## **Governing document** The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity. ## **REFERENCE AND ADMINISTRATIVE DETAILS** ## **Registered Charity number** 1182174 ## **Principal address** 6 BENSON CLOSE BURNHAM-ON-CROUCH ESSEX CMO 8GP ## **Trustees** Ms E Makonyere R Makamba Approved by order of the board of trustees on 16 May 2024 and signed on its behalf by: Ms Easther Makonyere - Trustee Page 1 ## **APOSTLES OF CHRIST CHURCH** |**STATEMENT OF FINANCIAL ACTIVITIES**
**FOR THE YEAR ENDED 18 SEPTEMBER 2023**
Notes
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
**EXPENDITURE ON**
Raising funds
**Charitable activities**
Church Activities
Other
**Total**
**NET INCOME**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**|18.9.23
Unrestricted
funds
£
293,008
12,813
284,433
-
**297,246**
**(4,237)**
74,250
70,013|
|18.9.22
Total
funds
£
501,147
14,462
481,784
850
**497,096**
**4,051**
70,199
74,250| |---|---|---|---| ||||| The notes form part of these financial statements Page 2 **APOSTLES OF CHRIST CHURCH** ## **BALANCE SHEET 18** ## **SEPTEMBER 2023** |**BALANCE SHEET 18**
**SEPTEMBER 2023**|||| |---|---|---|---| |Notes
**FIXED ASSETS**
Tangible assets
**CURRENT ASSETS**
4
Cash in hand
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
LIABILITIES
**CREDITORS**
Amounts falling due after more than one
year
5
**NET ASSETS**|18.9.23
Unrestricted
funds
£
38,257
31,757
31,757
-
-
70,013||18.9.22
Total
funds
£
40,699
33,552
33,552
-
-
74,250| ||||| ||||| The notes form part of these financial statements Page 3 continued... **APOSTLES OF CHRIST CHURCH** ## **BALANCE SHEET - continued** |**FUNDS**
Unrestricted funds
**TOTAL FUNDS**|**18 SEPTEMBER 2023**
6|70,013
70,013|74,250
74,250| |---|---|---|---| The financial statements were approved by the Board of Trustees and authorised for issue on 16 May 2024 and were signed on its behalf by: E Makonyere - Trustee R Makamba - Trustee The notes form part of these financial statements Page 4 **APOSTLES OF CHRIST CHURCH** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 18 SEPTEMBER 2023** ## **1. ACCOUNTING POLICIES** ## **BASIS OF PREPARING THE FINANCIAL STATEMENTS** The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention. ## **INCOME** All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably. ## **EXPENDITURE** Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. ## **TANGIBLE FIXED ASSETS** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. ## **TAXATION** The charity is exempt from tax on its charitable activities. ## **FUND ACCOUNTING** Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. Page 5 continued... **APOSTLES OF CHRIST CHURCH** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 18 SEPTEMBER 2023** ## **2. TRUSTEES' REMUNERATION AND BENEFITS** There were no trustees' remuneration or other benefits for the year ended 18 September 2023 nor for the year ended 18 September 2022. ## **TRUSTEES' EXPENSES** There were no trustees' expenses paid for the year ended 18 September 2023 nor for the year ended 18 September 2022. |**3.**|**COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**|| |---|---|---| |||Unrestricted| |||funds| |||£| ||**INCOME AND ENDOWMENTS FROM**|| ||Donations and legacies|501,147| ||**EXPENDITURE ON**|| ||**Charitable activities**|| ||Church Activities|497,096| ||**NET INCOME**|4,051| ||**RECONCILIATION OF FUNDS**|| ||**Total funds brought forward**|70,199| ||**TOTAL FUNDS CARRIED FORWARD**|74,250| Page 6 continued... **APOSTLES OF CHRIST CHURCH** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 18 SEPTEMBER 2023** ## **4. TANGIBLE FIXED ASSETS** |**4.**|**TANGIBLE FIXED ASSETS**|||| |---|---|---|---|---| |||Plant and|Motor|| |||machinery|vehicles|Totals| |||£|£|£| ||**COST**|||| ||At 19 September 2022 and|||| ||18 September 2023|31,000|18,000|49,000| ||**DEPRECIATION**|||| ||At 19 September 2022|5,252|3,049|8,301| ||Charge for year|1,545|897|2,442| ||At 18 September 2023|6,797|3,947|10,743| ||**NET BOOK VALUE**|||| ||At 18 September 2023|24,203|14,053|38,257| ||At 18 September 2022|25,748|14,951|40,699| |**5.**|**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE**||**YEAR**|| ||||18.9.23|18.9.22| ||||£|£| ||Other creditors||-|-| |**6.**|**MOVEMENT IN FUNDS**|||| ||||Net|| |||At|movement|At| |||19.9.22|in funds|18.9.23| |||£|£|£| ||**Unrestricted funds**|||| ||General Funds|74,250|(4,237)|70,013| |||||| ||**TOTAL FUNDS**|**74,250**|**(4,237)**|**70,013**| ||Net movement in funds, included in the above are as follows:|||| |||Incoming|Resources|Movement| |||resources|expended|in funds| |||£|£|£| ||**Unrestricted funds**|||| ||General Funds|293,008|(297,246)|(4,237)| Page 7 continued... **APOSTLES OF CHRIST CHURCH** ## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 18 SEPTEMBER 2023** ## **6. MOVEMENT IN FUNDS - continued Comparatives for** **movement in funds** |Net
At
movement
19.9.21
in funds
£
£
**Unrestricted funds**
General fund 70,199 4,051
**TOTAL FUNDS**
**70,199**
**4,051**
Comparative net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
**Unrestricted funds**
General fund
501,147
(497,096)
**TOTAL FUNDS**
**501,147**
**(497,096)**|At
18.9.22
£
74,250
**74,250**
Movement
in funds
£
4,051
4,051| |---|---| A current year 12 months and prior year 12 months combined position is as follows: |**Unrestricted funds**
General fund
General Funds
**TOTAL FUNDS**||Net
At
movement
19.9.21
in funds
£
£
29,198
4,051
-
(4,237)
29,198
(186)|At
18.9.23
£
33,249
(4,237)
29,012| |---|---|---|---| ||||| Page 8 continued... **APOSTLES OF CHRIST CHURCH** ## **NOTES TO THE FINANCIAL STATEMENTS -** ## **continued FOR THE YEAR ENDED 18 SEPTEMBER 2023** ## **6. MOVEMENT IN FUNDS - continued** A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows: |**Unrestricted funds**
General fund
General Funds
**TOTAL FUNDS**|Incoming
resources
£
896,432
293,008
**1,189,440**|Resources
Movement
expended
in funds
£
£
(863,182)
33,249
(297,246)
(4,237)
**(1,160,428)**
**29,012**| |---|---|---| ## **7. RELATED PARTY DISCLOSURES** There were no related party transactions for the year ended 18 September 2023. Page 9 **APOSTLES OF CHRIST CHURCH** ## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 18 SEPTEMBER 2023** |**INCOME AND ENDOWMENTS**
**Donations and legacies**
Gifts
**Total incoming resources**

**EXPENDITURE**
**Raising donations and legacies**
Telephone
**Charitable activities**
Wages
Rates and water
Insurance
Light and heat
Telephone
Other Establishment Costs
Repairs & Renewals
Travel Expenses
Computers & Equipment
Rent
Bank Charges
Pastoral Expenses
Legal & Professional Fees
Admin Expenses
Accountancy
Depreciation
Allowable Donations
**Total Resources Expended**
**NET INCOME**|18.9.23
18.9.22
£
£
293,008 501,147
293,008 501,147
12,813
14,462
39,863
58,994
3,268
5,161
962
333
7,675
7,256
2,220
6,597
89,028
100,574
1,720
67,741
111,599
2,355
8,626
6,656
6,919
625
631
36,266
35,710
3,890
90,680
2,119
-
-
850
2,442
2,597
19,324
44,387
**297,246**
**497,096**
**(4,237)**
**4,051**| |---|---| This page does not form part of the statutory financial statements Page 10