The Apostolic Church (Lawna) Reading
Report and Accounts
30 June 2022
## **The Apostolic Church (Lawna) Reading Report and accounts Contents**
||**Page**|
|---|---|
|Trustees, Advisors and Charity Information|1|
|Trustees' Report|2|
|Independent examiner's report|4|
|Statement of Financial Activities|5|
|Balance sheet|6|
|Notes to the Financial Statements|7|
## **The Apostolic Church (Lawna) Reading Charity Information**
## **Trustees**
Dr Abiodun Adeyemi (Chair) Samuel Olaleye Charity Dhudhu Nyamuzuwe Isaiah Oladejo
## **Independent Examiner**
Fiona Fraser Fraser + Accountants 3 Barossa Place Perth PH1 5HG
## **Bankers**
Barclays Bank 90-93 Broad Street Reading RG21 2AP
## **Registered charity number**
1183833
1
## **The Apostolic Church (Lawna) Reading Statement of Trustees' Responsibilities**
The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the Charity's financial activities during the year and of its financial position at the end of the year.
In preparing financial statements giving a true and fair view, the Trustees should follow best practice and:
- apply suitable accounting policies and then apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the Charity and which enablr them to ascertain the financial position of the Charity and which enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations and the provisions of the trust deeds. The Trustees are responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention of fraud and other irregularities.
The Trustees confirm that they have met the responsibilities set out above and complied with the requirements for preparing accounts. The financial statements contained in this report have been complied from and are in accordance with the financial records maintained by the Trustees.
2
## **The Apostolic Church (Lawna) Reading**
The Trustees present their report and financial statements for the period ended 30 June 2022. Details of Trustees and the charities advisors are set out on page 1.
## **Structure, goverance and management**
The charity is an unincorporated association, governed by a Trust Deed adopted on 11 June 2019
## **Objectives and activities**
- the advancement of the Christian Religion according to the articles of faith set out in the schedule hereto.
## **Financial Review**
The Statement of Financial Affairs includes the Income and Expenditure for the 12 month period. The trustees consider the activity levels to be satisfactory.
## **Public Benefit**
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's objectives and activities and in planning future activities. It is the judgement of the Trustees that activities in pursuit of the above objectives fully meet the public benefit test, which they have kept in mind in planning programmes for the charity.
## **Statement of Trustees' responsibilities**
Law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each year which give a true and fair view of the charity's financial activities during the period and of it's financial position at the end of the year. In preparing financial statements giving a true and fair view, the trustees should follow best practice and:
- select suitable accounting policies and then apply them consistently
- make judgements and estimates that are reasonable and prudent
- prepare the financial statements on the going concern basis unless it is inappropriate to assume that the charity will continue in business.
The Trustees are responsible for keeping proper accounting records which disclose, with reasonable accuracy, the financial position of the charity, and which enable them to both ascertain the financial position of the charity and ensure that the financial statements comply with the Companies Act 1985. They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Dr Abiodun Adeyemi (Chair) Trustees
3
## **The Apostolic Church (Lawna) Reading**
## **Independent examiner's report to the members of The Apostolic Church (Lawna) Reading**
I report on the accounts of The Apostolic Church (Lawna) Reading for the year ended 30 June 2022 which are set out on pages 5 to 7
## **Respective responsibilities of the trustees and independent examniner**
The charity's trustees are responsible for the preparation of the accounts, The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (" the - Charities Act") and that an independent examination is needed.
## It is my responsibility to:
- examine the accounts under section 145 of the Charities Act,
- to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
- 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 be the Charity Commission. An examination includes a review of the accounting records kept by the 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 of explanations from you as trustees concerning 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 matters has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements: - to keep proper accounting records in accordance with section 130 of the Charities Act: and - to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Charities 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 accounts to be reached.
**Fiona Fraser ACA Fraser + Accountants 3 Barossa Place Perth PH1 5HG**
## **Date:**
4
## **The Apostolic Church (Lawna) Reading Statement of financial activities**
## **(Incorporating the income and expenditure account) for the period ended 30 June 2022**
|**INCOMING RESOURCES**
**Donations and grants**
Tithes and donations
Gift aid
Fund-raising
**Investment income**
Interest received
**TOTAL INCOMING RESOURCES**
**RESOURCES EXPENDED**
Ministry costs
Other direct costs
**GOVERNANCE COSTS**
Employee costs
Premises costs
General administrative expenses
Governance costs
**TOTAL RESOURCES EXPENDED**
**Excess income over expenditure**
Balance bought forward 30 June 2020
Balance carried forward 30 June 2021|**Unrestricted**
**Restricted**
**Total**
**Total**
**Funds**
**Funds**
**Funds**
**Funds**
**2022**
**2021**
**£**
**£**
11,980
-
11,980
11,220
-
-
-
-|
|---|---|
||11,980
-
11,980
11,220|
||2
-
2
2|
||2
-
2
2|
||11,982
-
11,982
11,222|
||3,486
-
3,486
3,525
-
-
-
-|
||3,486
-
3,486
3,525|
||**-**
-
-
4,483
-
4,483
(952)
954
-
954
206
-
-
-|
||5,437
-
5,437
(746)|
||8,923
-
8,923
2,779|
||3,059
-
3,059
8,443
24,720
24,720
16,399
27,779
-
27,779
24,842|
5
## **The Apostolic Church (Lawna) Reading Balance Sheet as at 30 June 2022**
|**Notes**
**Current assets**
Debtors
1
Cash at bank and in hand
**Creditors: amounts falling due**
**within one year**
3
**Net current liabilities**
**Total assets less current**
**liabilities**
**Net assets**
**Capital and reserves**
Unrestricted reserves
4
Restricted reserves
5|**2022**
**£**
-
27,899
27,899
(120)
27,779
27,779
27,779
27,779
-
27,779|**2021**
**£**
-
24,840
24,840
(120)
24,720
24,720
24,720
24,720
-
24,720|**2021**
**£**
-
24,840
24,840
(120)
24,720
24,720
24,720
24,720
-
24,720|
|---|---|---|---|
|||||
||||24,720|
||||24,720|
||||24,720
-|
||||24,720|
Approved by:
Dr Abiodun Adeyemi (Chair) Trustess
6
**The Apostolic Church (Lawna) Reading Notes to the Accounts for the period ended 30 June 2022**
## **1 Debtors**
## **2022**
**£**
Gift aid due - -
**3 Creditors: amounts falling due within one year 2022** Accruals 120
**2022 £**
120
## **4 Unrestricted reserve**
**2022 £**
Retained profit 27,779
As at 30 June 2020 27,779
## **5 Restricted reserve**
There are no restricted reserves as at 30 June 2022
7
The Apostolic Church (Lawna) Reading
Report and Accounts
30 June 2022
## **The Apostolic Church (Lawna) Reading Report and accounts Contents**
||**Page**|
|---|---|
|Trustees, Advisors and Charity Information|1|
|Trustees' Report|2|
|Independent examiner's report|4|
|Statement of Financial Activities|5|
|Balance sheet|6|
|Notes to the Financial Statements|7|
## **The Apostolic Church (Lawna) Reading Charity Information**
## **Trustees**
Dr Abiodun Adeyemi (Chair) Samuel Olaleye Charity Dhudhu Nyamuzuwe Isaiah Oladejo
## **Independent Examiner**
Fiona Fraser Fraser + Accountants 3 Barossa Place Perth PH1 5HG
## **Bankers**
Barclays Bank 90-93 Broad Street Reading RG21 2AP
## **Registered charity number**
1183833
1
## **The Apostolic Church (Lawna) Reading Statement of Trustees' Responsibilities**
The law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the Charity's financial activities during the year and of its financial position at the end of the year.
In preparing financial statements giving a true and fair view, the Trustees should follow best practice and:
- apply suitable accounting policies and then apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the Charity and which enablr them to ascertain the financial position of the Charity and which enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations and the provisions of the trust deeds. The Trustees are responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention of fraud and other irregularities.
The Trustees confirm that they have met the responsibilities set out above and complied with the requirements for preparing accounts. The financial statements contained in this report have been complied from and are in accordance with the financial records maintained by the Trustees.
2
## **The Apostolic Church (Lawna) Reading**
The Trustees present their report and financial statements for the period ended 30 June 2022. Details of Trustees and the charities advisors are set out on page 1.
## **Structure, goverance and management**
The charity is an unincorporated association, governed by a Trust Deed adopted on 11 June 2019
## **Objectives and activities**
- the advancement of the Christian Religion according to the articles of faith set out in the schedule hereto.
## **Financial Review**
The Statement of Financial Affairs includes the Income and Expenditure for the 12 month period. The trustees consider the activity levels to be satisfactory.
## **Public Benefit**
The trustees confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the charity's objectives and activities and in planning future activities. It is the judgement of the Trustees that activities in pursuit of the above objectives fully meet the public benefit test, which they have kept in mind in planning programmes for the charity.
## **Statement of Trustees' responsibilities**
Law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each year which give a true and fair view of the charity's financial activities during the period and of it's financial position at the end of the year. In preparing financial statements giving a true and fair view, the trustees should follow best practice and:
- select suitable accounting policies and then apply them consistently
- make judgements and estimates that are reasonable and prudent
- prepare the financial statements on the going concern basis unless it is inappropriate to assume that the charity will continue in business.
The Trustees are responsible for keeping proper accounting records which disclose, with reasonable accuracy, the financial position of the charity, and which enable them to both ascertain the financial position of the charity and ensure that the financial statements comply with the Companies Act 1985. They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
Dr Abiodun Adeyemi (Chair) Trustees
3
## **The Apostolic Church (Lawna) Reading**
## **Independent examiner's report to the members of The Apostolic Church (Lawna) Reading**
I report on the accounts of The Apostolic Church (Lawna) Reading for the year ended 30 June 2022 which are set out on pages 5 to 7
## **Respective responsibilities of the trustees and independent examniner**
The charity's trustees are responsible for the preparation of the accounts, The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (" the - Charities Act") and that an independent examination is needed.
## It is my responsibility to:
- examine the accounts under section 145 of the Charities Act,
- to follow the procedures laid down in the general Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and
- 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 be the Charity Commission. An examination includes a review of the accounting records kept by the 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 of explanations from you as trustees concerning 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 matters has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements: - to keep proper accounting records in accordance with section 130 of the Charities Act: and - to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Charities 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 accounts to be reached.
**Fiona Fraser ACA Fraser + Accountants 3 Barossa Place Perth PH1 5HG**
## **Date:**
4
## **The Apostolic Church (Lawna) Reading Statement of financial activities**
## **(Incorporating the income and expenditure account) for the period ended 30 June 2022**
|**INCOMING RESOURCES**
**Donations and grants**
Tithes and donations
Gift aid
Fund-raising
**Investment income**
Interest received
**TOTAL INCOMING RESOURCES**
**RESOURCES EXPENDED**
Ministry costs
Other direct costs
**GOVERNANCE COSTS**
Employee costs
Premises costs
General administrative expenses
Governance costs
**TOTAL RESOURCES EXPENDED**
**Excess income over expenditure**
Balance bought forward 30 June 2020
Balance carried forward 30 June 2021|**Unrestricted**
**Restricted**
**Total**
**Total**
**Funds**
**Funds**
**Funds**
**Funds**
**2022**
**2021**
**£**
**£**
11,980
-
11,980
11,220
-
-
-
-|
|---|---|
||11,980
-
11,980
11,220|
||2
-
2
2|
||2
-
2
2|
||11,982
-
11,982
11,222|
||3,486
-
3,486
3,525
-
-
-
-|
||3,486
-
3,486
3,525|
||**-**
-
-
4,483
-
4,483
(952)
954
-
954
206
-
-
-|
||5,437
-
5,437
(746)|
||8,923
-
8,923
2,779|
||3,059
-
3,059
8,443
24,720
24,720
16,399
27,779
-
27,779
24,842|
5
## **The Apostolic Church (Lawna) Reading Balance Sheet as at 30 June 2022**
|**Notes**
**Current assets**
Debtors
1
Cash at bank and in hand
**Creditors: amounts falling due**
**within one year**
3
**Net current liabilities**
**Total assets less current**
**liabilities**
**Net assets**
**Capital and reserves**
Unrestricted reserves
4
Restricted reserves
5|**2022**
**£**
-
27,899
27,899
(120)
27,779
27,779
27,779
27,779
-
27,779|**2021**
**£**
-
24,840
24,840
(120)
24,720
24,720
24,720
24,720
-
24,720|**2021**
**£**
-
24,840
24,840
(120)
24,720
24,720
24,720
24,720
-
24,720|
|---|---|---|---|
|||||
||||24,720|
||||24,720|
||||24,720
-|
||||24,720|
Approved by:
Dr Abiodun Adeyemi (Chair) Trustess
6
**The Apostolic Church (Lawna) Reading Notes to the Accounts for the period ended 30 June 2022**
## **1 Debtors**
## **2022**
**£**
Gift aid due - -
**3 Creditors: amounts falling due within one year 2022** Accruals 120
**2022 £**
120
## **4 Unrestricted reserve**
**2022 £**
Retained profit 27,779
As at 30 June 2020 27,779
## **5 Restricted reserve**
There are no restricted reserves as at 30 June 2022
7