**Registered Charity Number: 1190899** ## **Report of the Trustees and** **Unaudited Financial Statements for the Year Ended 31 March 2023** ## **for** **Halesowen Apostolic Church** ## Halesowen Apostolic Church ## Contents of the Financial Statements for the year ended 31 March 2023 ||Page| |---|---| |Report of the Trustees|1| |Independent Examiner's Report|2| |Statement of Financial Activities|3| |Balance Sheet|4| |Notes to the Financial Statements|5| ## **Halesowen Apostolic Church** ## **Report of the Trustees** ## **for the year ended 31 March 2023** The trustees present their report with the financial statements of the charity for the year ended 5 April 2021. 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). ## **Status** The organisation is a Charitable Incorporated Organisation (CIO). ## **Registered Charity Number** 1190899 ## **Principal Address** 1 Lodge Close Halesowen B62 0BG ## **Trustees** Rev Mark Hemus David Robertson Ben Turner ## **Independent Examiner** Houlihan & Co Accountants Ltd Maggie O'Neill Resource Centre 433 Liverpool Road Huyton Liverpool Merseyside L36 7XZ Approved by order of the board of trustees on the date below and signed on its behalf by: Print Name: …............................................................ (Trustee) Signed: ….................................................................... Date: ….......................................... Page 1 **Halesowen Apostolic Church** ## **Independent examiner's report to the trustees of Halesowen Apostolic Church** I report to the charity trustees on my examination of the accounts of the charitable company for the year ended 31 March 2023 ## **Responsibilities and basis of report** As the charity trustees of the Trust 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 Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act. ## **Independent examiner's statement** I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect: 1 accounting records were not kept in respect of the company as required by section 386 of the 2006 Act; or 2 the accounts do not accord with those records; or 3 the accounts do not comply with the accounting requirements of section 396 of the 2006 Act 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; or 4 the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)]. I have no concerns and have come across no other matters in connection with the examination to which attention of the accounts to be reached. Signed: ............................................................................. Name: Michael Houlihan MAAT Date: ........................................ ## **Houlihan & Co Accountants Ltd** Maggie O'Neill Resource Centre 433 Liverpool Road, Huyton, Liverpool, L36 8HT Page 2 ## **Halesowen Apostolic Church** ## **Statement of Financial Activities** ## **for the year ended 31 March 2023** |**Income from:**
Tithes
Gift Aid
Missions
Other Income
**Total income**
**Expenditure on:**
Supplies
Speaker Costs
Education
Missions
Gifts
Food
Marketing
Rent and Rates
Telephone and Computer Charges
Bank Charges and Interest
Professional Fees
**Total expenditure**
**Net income/ (expenditure)**
**Transfer between funds**
**Net movement in funds**
**Funds balances brought forward**
**Fund balances carried forward**|**2023**
**Unrestricted**
**Funds**
**£**
71,676
18,841
90,517
238
311
30,072
729
717
512
2,860
1,527
54
300
37,320
53,197
53,197
162,987
216,184|**2023**
**Total**
**Funds**
**£**
71,676
18,841
-
-
90,517
238
-
311
30,072
729
717
512
2,860
1,527
54
300
37,320
53,197
53,197
162,987
216,184|**2022**
**Total**
**Funds**
**£**
90,595
20,313
2,000
536
113,444
239
200
247
8,910
4,610
709
131
2,085
4,062
-
200
21,393
92,051
92,051
70,936
162,987| |---|---|---|---| Page 3 ## **Halesowen Apostolic Church** ## **Balance Sheet at 31 March 2023** |**Current Assets**
Cash at bank and in hand
Other debtors
**Total Current Assets**
**Current liabilities:**
**amounts falling due within one year**
**Sundry creditors**
Accruals
Other creditors
**Total current liabilities**
**Net current assets/ (liabilities)**
**Net Assets**
**Funds**
Unrestricted funds
**Total funds**|**2023**
**£**
216,916
228
217,144
200
760
960
216,184
216,184
216,184|**2022**
**£**
164,490
150
164,640
200
1,453
1,653
162,987
162,987
162,987| |---|---|---| The financial statements were approved by th Board of Trustees and authorised for issue on the date below and were signed on its behalf by: Name ..................................................................... (Trustee) Signed: ............................................................. Date: .......................................... Page 4 **Halesowen Apostolic Church** ## **Accounting policies** ## **(a) Basis of preparation** 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. ## **(b) 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. ## **(c) 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. ## **(d) 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. ## **(f) Volunteers** The charity receives the benefit of work carried out by volunteers of which no value is placed in the accounts. Page 5