Registered Charity Number: 1190899
Report of the Trustees and
Unaudited Financial Statements for the Year Ended 31 March 2024
for
Halesowen Apostolic Church
Halesowen Apostolic Church
Contents of the Financial Statements for the year ended 31 March 2024
| 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 2024
The trustees present their report with the financial statements of the charity for the year ended 5 April 2024. 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 Jonathan Ogle Ben Turner
Independent Examiner
MJ Houlihan & Co Accountants 99-101 Corporation Street St Helens WA10 1SX
Approved by order of the board of trustees on the date below and signed on its behalf by:
Print Name: …............................................................ (Trustee)
Signed: …....................................................................
Date: …..........................................
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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 2024
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: ........................................
MJ Houlihan & Co Accountants
99-101 Corporation Street St Helens, WA10 1SX
Page 2
Halesowen Apostolic Church
Statement of Financial Activities
for the year ended 31 March 2024
| Income from: Tithes Gift Aid Missions Other Income Total income Expenditure on: Supplies Donation 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 |
2024 Unrestricted Funds £ 57,172 10,004 67,176 2,162 40,300 54 83,098 287 263 1,471 1,323 558 15 500 130,031 (62,855) (62,855) 162,987 100,132 |
2024 Total Funds £ 57,172 10,004 - - 67,176 2,162 40,300 54 83,098 287 263 1,471 1,323 558 15 500 130,031 (62,855) (62,855) 162,987 100,132 |
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 |
|---|---|---|---|
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Halesowen Apostolic Church
Balance Sheet at 31 March 2024
| 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 |
2024 £ 155,061 155,061 200 1,532 1,732 153,329 153,329 153,329 |
2023 £ 216,916 228 217,144 200 760 960 216,184 216,184 216,184 |
|---|---|---|
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: ..........................................
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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.
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