TIIE AVOSTLES. INTEIINATIONAL LEWISHAM BIIANCH by. Kaxton Advisory The Apth4tle*' l onlinuaéion l."hureh Inl+rna¢ional nraneh l.Y 71TrV
THE APOSTLES, CONTIINUATION CHURCH I,YTERNATIONAL LEWISHAM BIL4NCH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST JULY 2024 The trustees of the charity present iheir report ii'ith ihe financial statements of the charity for the year ended 3 1st July 2024. The trustees have adopled the provisions of the Statement of Recommended Practice {SORP) 'Accounting and Reporting by Charities. issued in January 2021. REFERENCE AIYD ADMINISTRATIVE DETAILS Registered Charity Nutnber 121M586 Registered office Si. Marys Centre LadyH'ell Road London SE13 7UW Trustees Pa.%l()r Kwasi Owusu Ms Agartha Serwaah Mr Gideon Anim Asare Chainnan Trustee Trustee Independent Examiners Kaxton Advisory Ltd Suite 6 The Generator Business Centre Surrey CR4 3FH Bankers HSBC UK 85 Lewisham High Sireet Lewisham London SE13 6BE
STRUCTURE, GOVERNANCE AND MANAGEMEIIT Governing document The charity is controlled by its governing document, the Constitution and constitutes a charity, as defined by the Charities Aci 2011. Membership of trustee board: The trustees ot" the charity are also voluntary trnstees for the purposes of charity law and under the charity's Constitution are known as members of the Trustees Board. Induetion and training of trustees All trustees are familiar with the praclical work of the church and have undertaken training to support their role. Organisational structure The Trustee Board meels quarterly and a quarterly report is given al each nieeting. The Pastor has the responsibility t.or the day to day operational management of the church supported by the Assistant Pastor elected by the church. Risk management ThL Tru%leL's havL' a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place lo provide reasonable assurance against fraud and error. IntLrnal control risks are minimiscd by thc implcmcnlation of proccdurcs for auihorisation of all transactions and projects. Procedures and risk assessments are in place to ensure cornpliance with I Icalth and Satcly of voluntccrs- mcmbcrs; childrcn- and visitors lo thc church. OBJECTIVES AND ACTIVITIES The charity's objects and its principal activity were: l. To advance Ihe Christian faiih in accordance with slatement of beliefs appearing in the scheduled hereto in London and in such other parts of the United Kingdom or the world. 2. To relieve persons who are in condilions ot. need or hardship, are elderly or sick, to train Pastors and to relieve the distress caused thereby in London and such other parts of the United Kingdom or the world. 3. To promote and fulfil such other charilable purposes beneficial lo the community in London and in such other parts of the United Kingdom or the world.
ACHIEVEMENT AND PERFORMANCE Charitable activities The results for the year and financial position of the charity are as shown in the annexed financial statements. The main areas of charitable activity are tailored io meet the requirements of the church and throughout the year the church continued to provide a quality and caring service for members and the community and their famil ies. The church under its charitable responsibilities of advancing the Christian failh has increased membership over this period. FINANCIAL REVIEW Reserves policy The trustees review the reserves of the charity annually and acknowledged that the level of fundingy at present will put the Church in a position where it would not resort to its reseTh'es lo run the charity. When we consider the growth in numbers and donation receipls policy implemented as recommended in the tru%tee board, the trustees are confident Ihat the church should be in a position to 8UStain itself Inore cffLLlively. It is Ihc Irustccs, policy lo gcncrally maintain rcscrvcs at a low ICVLI and to apply donation receipts to funding its activities. Prineipal funding 50urees At present the majority of the church's funding continues to come from the tithes and collection of alms and the special appeal of priority needs. Funding for the church ministry activities comes from the members donation. The church finance committee was responsible for the tinancial planning during the year. The church wa5 able to raise £65,374 as against expenses of £55, 586 within the year resuliing in a surplus of £9,788.
STATEMEiYT "I'KUSTF.F.S RESPONSIBILITIES Thc trust¢C3 Jrspvnsiblc for preparing ihe financial sments in accordance vnth applicable law and United Kingdom Generally Accepted Accr)unling Praclice (IJK GAAP). Charity law requires the Iruslees to prere financial stslements for each financial year. I Ina.r thai lw the twstees have elected to prepare the financial Stalemenls in accordance with the United Kingdom Generally Accepted Accounting Practice (Uniled Kingdom Accounting Sthndards applicable law). The financial statementg are reqiiirp.d by law to Bive a true and fair view of the state of affairs of th¢ charitablc company and of th¢ SUTplus oi dvfiLiI uf the charitsbl¢ wKnpdny fui tha( period. In preparing those financial statement& the irustees are required to select suioble accouniing policies aThJ then apply them consistently. make judgements and ¢sttmates that arc reasonabl¢ and prudent: PTepare the financial statements on the gnin8 cnncern ha%t unltrq il 1% inapprnpriatr presume that the charitable company will continue in busines& The trusttts art responsible for keeping proper accounting r¢wrds whi¢h dI105C with re&8onable accurdcy ai any time the financial tK)sition ot the chan"¢able company and to enable thern to ensure thal the financial stalements comply with the Charities Act 2011. They are also responsible for safeguarding th¢ a33Cts of die ilialily 1 lici1¥¢ fur reasonable sieps for the prevention and deivLtiun ur rrdud and other irregularities. .STATEMENT AS TO DISCLOSURE OF INFORMATION TO INDEPENDENT EXANIINERS So far as the trustees are aware, there 1$ no levant infomiation of which the cTrwiry'S independeni extiminers ore unoware. ond eoch 1Thtee ho5 token oll the steps thot they ou8ht to hal'e tsiken a trlee in order to make them aware of any examinalion infoTmation and to establish thai the charir). S independent examiners are awatt of that lnf0rntion. INDEPENDENT EXAMINERS 'Ihe independent examiner4 Kaxton Advisory Ltd., wlll be proFK)sed for reappointmeni ai the forthcoming Annual General MeIng. N BF.HALF OF THE BOARD: Pasior Kwasi Owusu Chgirnian r March 2025
INDEPENDENT EXAMINER'S REPORT TO THE CHURCH COUNCIL OF THE APOSTLES, CONTINUATION CHLIRCH INTERNA TIONAL LEWISHAM BRANCH I rcport on the accounts of thc Church for the l'ear ended 3 1st JulN' 2024 w,hieh comprise the Statement of Financial Activities, the Balance Sheet and relaled notes set out on pages 9 to 12 This report is made solely to the Ttwstees Board in accordance iviih Section 145 of the C'harities Act 201 l. M!. w'ork ha5 been undcrtakcn so that I mighi state tu the charity's trustees those marters l am required to slaie io them in an Independent F.iaminer's report and for no other purpose. -I'o the fullest c.Ilent perniittcd b!. laii". I do not accept or assume responsibility lo anyone other than the Church and ihe Church's irustees lor my examinaiion Respective responsibilities of Trustees aDd Examiner The Church's trustees are responsible for the preparalion ol'the accounts. The}, consider that an audit is noi required for this )'ear (under SeLlion 144 ofihe Charilies Aci 201 I (the Charilics Act)} and that an indcpcndcnl claminalion is nccdcd. It is my rcsponsibilit!, to: Examine the accounts {under Section 145 of ihe Charities Acl): To follow the procedures laid doth'n irt the General Direciions gjiven by the Charity C ommissioner (under Section 145(5)(bl of the Charities Acl}' and To state ivheiher particular mailers have come io my atiention. Ba818 of Independent Examiner's report My examination was caled oul in a¢¢ordart¢e M iih ihe General Dire¢iion$ 8iv¢n by the Charil>' Commissioner. An examination includes a review of the accounting records kept b%. the ChurL'h and a comparison of the a¢¢ount5 presented M Ith those records. It also includes consideration ot any unusual items or di5Llosures in the aLLounls and seeking explanations from You as Irustees conceming an!. such malters. The procedures undertaken do not provide all the evidence ihal ivould be required in an audit. and conscqucntly" no opinion 15 givcn as to ii"hcthcr thc accounts prc5cnt a 'truc and fair viciv and the report is limited to those malters set out in ihe statement below..
llldepmdellt Examiner's sthtemeDt In connection with my examinatio no matter h8s com¢ to my attention: l. Which gives me Teasonable cause lo believe that in any material respect the requirements . to keep accounting r¢wrds in CordanCe with Section 130 of the Charities Act 'and - to prepare accounts which accord with the accounting r#ordg a[ comply with the attounting requirements of the Charities Act have not been met" or 2. to whic14 in my opinion. attention should be drnwn in order to enable a proper underslanding of the account5 ro be rh¢d. EMMANUEL ASHILEY. ACC KAXTON ADVISORY LTD SUITE 6 THE GENERATOR BUSINESS CENfRE SURREY CR4 3FH Signed:.
THE APOSTLES. CONTINUATION CHURCH INTERNATIONAL LEWISHAM BRANCH STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST JULY 2024 2024 Total Note General Regtrlcted INCOMING RESOURCE Voluntary Income 65,374 65,374 Total 6S,374 65,374 RESOURCES EXPENDED Management and Administration 55,586 55,586 Total 55,586 55,586 Net Incoming Resources 9,788 9,788 Not Movement In Fund8 9.788 9,788 Balanc• Brought For4¥ard Transfers 149.506 149,506 Balance Carried Forward 159,294 159,294
THE APOSTLES. CONTINUATION CHURCH INTERNATIONAL LEWISHAM BRANCH BALANCE SHEET AS AT 31ST JULY 2024 2024 Nots NonluTr•nt Aet¥ Fixed Ass*ts 15.260 16,260 Current Assots Cash and Bank 144,633 144,633 Credltorn.. Amount fallirvj due within 1 year N•t Currnnt A¥¥ 144,034 N•t AM•t• 159,294 Fund8 Ceneral ReaofVC¥ 159.294 159,294 Approved bythe board cn¢1 on .... ... Ps. Kwasl Owusu IPa£tor in Char8el {Treastsr
NOTES TO THE FINANCIAL STATEMENTS- I. ACCOUNTING POLICIES The financial 5talements have been prepared in accordance with applicable accounting standards and the Charities SORP. Basis of Accounting". ThL linanLial siaicmL'nl% havL bL'cn prLparL.d undcr ihc hisioriLal cosi conTrL'nlion cxLopt tor the valuation ot" inveslmenl assets. which are show ai market i'alue. The financial statements include all transactions. assets and liabilities t.or ,hICh the Chureh Council is responsible in law. They do nol include (he accounts of church groups that owe their main aftiliation to another body nor those that are infornial gatherings of church members. Incoming Resources: All incoming resources ar¢ included in th¢ slalemenl of financial activities when th¢ charity is entitled to the income and the amount can be quantified with reasonable accurac),. -I'he tollowing specific polici¢s ar¢ applied to particular ¢ateb?ori¢s of inconi¢. Voluntary Income is received by way of collection of alms. lithes, special appeal for funds, donations and bTifts and is included in full in the slaiement of financial activities when reLeivable. Grants where enlitlemeni is nol condilional on the deliery of speLilic pLrlormancc by thc charil). arc recobTnized when the charity bccoines uncondilionally entitled lo the byrant. Donated services and facilities are included at Ihe value to the charity where this can be quanlilied. The value ol. seTr'ices proN'ided by i'olunteers has not been included. Gifts donatLd for rL8ale are included as incoming resources within the activities for gieneratingTr lunds when they are sold. Income from investment is included in ihe year in which it is receivable. Resources Expended: Expenditure is recognized on the accrual basis as a liability is incurred. Expenditure included any VA"I' which cannot be fully recovered and is reported as part of the expenditure to which it relates. Costs of generating funds comprise the costs associaied with attracting voluntary income and costs of trading for fundraising purtM)ses including the charity s shop. Charitable expenditure coinprises of those costs incurred bv the charitr, in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly Io such activities and those costs of an indirect nature necessary to support them. Governance costs are those costs incurred in SUPFK)rt ol expenditure on the objects of the charity and include projecl management.
THE APOSTLES. CONTINUATION CHURCH INTERNATIONAL LEWISHAM BRANCH NOTES TO THE FINANCIAL STATEMENTS - 31ST JULY, 2024 2. INCOMING RESOURCES 2024 General Funds Reslricled Funds Total Funds Voluntary Income General Fund General Offering Tithes WelfarelDonation Thanksgiving Harvestlconvention 23,488 11.367 23,440 5,473 1.6¢ 23,488 11.367 23,440 5,473 1,606 65.374 65,374 Total 65,374 65,374 10
THE APOSTLES. CONTINUATION CHURCH INTERNATIONAL LEWISHAM BRANCH NOTES TO THE FINANCIAL STATEMENTS - 31ST JULY, 20224 3. RESOURCES EXPENDED: 2024 Mana9Drnent& Adrnin Rent Charitable Donations Pastoral Expenses Welfare Repairs & Maintenance Accountancy fees Bank Charges Deprecialion Vehicle Hire 19,230 10,970 11,000 9,030 soo 599 207 3,350 700 55.586 11
THE APOSTLES. CONTINUATION CHURCH INTERNATIONAL LEWISHAM BRANCH NOTES TO THE ACCOUNTS - 31ST JULY 2024 4: FIXED ASSETS Com uter Instruments Fixtures & Fittin s Minibus Total Cost Additions Disposal Balance as at 31st July 2024 3,750 4,112 6,248 4.500 18,610 3,750 4.112 6,248 4,500 18,610 DepreciationlRate As at 5th September 2023 Charge for the year Balancé as at 31st July 2024 675 675 740 740 1,125 1,125 810 810 3,350 3,350 Net Book Value As al 5th September 2023 As at 31st July 2024 3,075 3,372 5,123 3,690 15,260 12