THE APOSTLES’ CONTINUATION CHURCH INTERNATIONAL LEWISHAM
TRUSTEES REPORT AND ACCOUNTS
Prepared by: Kaxton Advisory
The Apostles’ Continuation Church International Lewisham Branch St Mary’s Centre Ladywell Road London SE13 7UW
THE APOSTLES’ CONTINUATION CHURCH INTERNATIONAL LEWISHAM BRANCH
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST JULY 2025
The trustees of the charity present their report with the financial statements of the charity for the year ended 31st July 2025. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in January 2021.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity Number 1204586 Registered office St. Marys Centre Ladywell Road London SE13 7UW Trustees Pastor Kwasi Owusu Chairman Ms Agartha Serwaah Trustee Mr Gideon Anim Asare Trustee
Independent Examiners
Kaxton Advisory Ltd Suite 6 The Generator Business Centre Surrey CR4 3FH
Bankers HSBC UK 85 Lewisham High Street Lewisham London SE13 6BE
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STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, the Constitution and constitutes a charity, as defined by the Charities Act 2011.
Membership of trustee board:
The trustees of the charity are also voluntary trustees for the purposes of charity law and under the charity's Constitution are known as members of the Trustees Board.
Induction and training of trustees
All trustees are familiar with the practical work of the church and have undertaken training to support their role.
Organisational structure
The Trustee Board meets quarterly and a quarterly report is given at each meeting. The Pastor has the responsibility for the day to day operational management of the church supported by the Assistant Pastor elected by the church.
Risk management
The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
Internal control risks are minimised by the implementation of procedures for authorisation of all transactions and projects. Procedures and risk assessments are in place to ensure compliance with Health and Safety of volunteers; members; children; and visitors to the church.
OBJECTIVES AND ACTIVITIES
The charity's objects and its principal activity were:
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To advance the Christian faith in accordance with statement of beliefs appearing in the scheduled hereto in London and in such other parts of the United Kingdom or the world.
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To relieve persons who are in conditions of 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.
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To promote and fulfil such other charitable purposes beneficial to the community in London and in such other parts of the United Kingdom or the world .
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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 to 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 families. The church under its charitable responsibilities of advancing the Christian faith 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 funding at present will put the Church in a position where it would not resort to its reserves to run the charity. When we consider the growth in numbers and donation receipts policy implemented as recommended in the trustee board, the trustees are confident that the church should be in a position to sustain itself more effectively. It is the trustees' policy to generally maintain reserves at a low level and to apply donation receipts to funding its activities.
Principal funding sources
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 financial planning during the year. The church was able to raise £95,206 as against expenses of £119, 468 within the year resulting in a deficit of £24,262 .
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INDEPENDENT EXAMINER'S REPORT TO THE CHURCH COUNCIL OF THE APOSTLES’ CONTINUATION CHURCH INTERNATIONAL LEWISHAM BRANCH
I report on the accounts of the Church for the year ended 31st July 2025 which comprise the Statement of Financial Activities, the Balance Sheet and related notes set out on pages 9 to 12
This report is made solely to the Trustees Board in accordance with Section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in an Independent Examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Church and the Church’s trustees for my examination work.
Respective responsibilities of Trustees and Examiner
The Church’s trustees are responsible for the preparation of the accounts. They 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:
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Examine the accounts (under Section 145 of the Charities Act);
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To follow the procedures laid down in the General Directions given by the Charity Commissioner (under Section 145(5)(b) of the Charities Act); and
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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 by the Charity Commissioner.
An examination includes a review of the accounting records kept by the Church 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 explanations from you as trustees concerning any 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.
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Independent E.¥aminer's statement In connection with my examination, no mattcr has come io my attention.. l. Which givcs mc reasonable cause io believe thai in any matcrial rcspcct thc requircmenis -to keep 4ic¢ounting records in accordance M'iih S¢¢iion 130 of ihc ChariiiLs Act ,'and lu piepclre EiCCOUI)l% which accord wilh ihe accounting records and comply with the accouiiliiig rcquir¢iii¢i)ts ol. thc Charitics Act Iiavc Iiol bLei) MLI; or 2. t() wliich. in my opini()n, atlLnlion should be drawn in order to enabl¢ a proper Iinderslandinby of lh¢ iicc()unt8 to be reached. KAXTON ADVISORY LTD SUl'l'E O THE GENERATOR BUSINESS CENTRE SURRTr:Y CR4 3fH Kaxton Advisory Sl¥ned:.
THE APOSTLES' CONTINUATION CHURCH INTERNATIONAL
LEWISHAM BRANCH
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31ST JULY 2025
| Note INCOMING RESOURCE Voluntary Income 2 |
2025 2024 General Restricted Total Total £ £ £ £ 95,206 - 95,206 65,374 |
|---|---|
| Total | 95,206 - 95,206 65,374 |
| RESOURCES EXPENDED Management and Administration 3 |
119,468 - 119,468 55,586 |
| Total | 119,468 - 119,468 55,586 |
| Net Incoming Resources | (24,262) - (24,262) 9,788 |
| Net Movement in Funds Balance Brought Forward Transfers |
(24,262) - (24,262) 9,788 159,294 159,294 0 0 - 0 149,506 |
| Balance Carried Forward | 135,032 0 135,032 159,294 |
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BALANCE SHEET AS AT 31ST JULY 2026 THE APOSTLES' CONTINUATION CHURCH INTERNATIONAL LEWISHAM BRANCH
| 2025 | 2024' | ||
|---|---|---|---|
| Non-Curffnt Assets | |||
| Fi ed As I |
4 | 28,232 | 15,260 |
| Current Assets | 28,232 | 16,260 | |
| Ca hand Bank | 107,400 | 144,633 | |
| 107,400 | 144,633 | ||
| Creditors: Amount falling due within 1 year | 5 | 599 | 599 |
| Net Current Assets | 106,801 | 144,034 | |
| Net Assets | 136,032 | 169,294 | |
| Funds | |||
| General Reserves | 135,032 | 159294 | |
| 136,032 | 169,294 |
Approved by the board Council on ......20/5/2026.................... And signed on its behalf by
Ps. Kwasi Owusu (Pastor in Charge) ( Treasurer) ·····� ··············· � .. �'"\AGc'" tl14- s;;�w�f}
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NOTES TO THE FINANCIAL STATEMENTS:
1. ACCOUNTING POLICIES
The financial statements have been prepared in accordance with applicable accounting standards and the Charities SORP.
Basis of Accounting:
The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are show at market value. The financial statements include all transactions, assets and liabilities for which the Church Council is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body nor those that are informal gatherings of church members.
Incoming Resources:
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income.
Voluntary Income is received by way of collection of alms, tithes, special appeal for funds, donations and gifts and is included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of specific performance by the charity are recognized when the charity becomes unconditionally entitled to the grant.
Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included.
Gifts donated for resale are included as incoming resources within the activities for generating funds when they are sold.
Income from investment is included in the year in which it is receivable.
Resources Expended:
Expenditure is recognized on the accrual basis as a liability is incurred. Expenditure included any VAT which cannot be fully recovered and is reported as part of the expenditure to which it relates.
Costs of generating funds comprise the costs associated with attracting voluntary income and costs of trading for fundraising purposes including the charity’s shop.
Charitable expenditure comprises of those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Governance costs are those costs incurred in support of expenditure on the objects of the charity and include project management.
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THE APOSTLES' CONTINUATION CHURCH INTERNATIONAL LEWISHAM BRANCH NOTES TO THE FINANCIAL STATEMENTS - 31ST JULY, 2025
2. INCOMING RESOURCES
| Voluntary Income General Fund General Offering Tithes Welfare/Donation Thanksgiving Harvest/Convention Total |
2025 2024 General Funds Restricted Funds Total Funds Total Funds 38,293 - 38,293 23,488.00 18,907 - 18,907 11,367.00 27,395 - 27,395 23,440.00 8,496 - 8,496 5,473.00 2,115 - 2,115 1,606.00 95,206 - 95,206 65,374 95,206 - 95,206 65,374 |
|---|---|
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THE APOSTLES' CONTINUATION CHURCH INTERNATIONAL LEWISHAM BRANCH NOTES TO THE FINANCIAL STATEMENTS - 31ST JULY, 2025
3. RESOURCES EXPENDED:
| Rent Charitable Donations Pastoral Expenses Travel Expenses Instrumentalist Insurance Welfare Repairs & Maintenance Accountancy fees Professional fees Bank Charges Depreciation Vehicle Hire Stationery |
2025 2024 Management & Admin Management & Admin £ £ 36,780 19,230 30,900 10,970 17,800 11,000 8,200 - 2,270 - 700 - 10,700 9,030 500 500 599 599 3,064 - 345 207 6,197 3,350 - 700 1,413 - 119,468 55,586 |
|---|---|
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THE APOSTLES' CONTINUATION CHURCH INTERNATIONAL LEWISHAM BRANCH NOTES TO THE ACCOUNTS - 31ST JULY 2025
4: FIXED ASSETS
| Cost Additions Disposal Balance as at 31st July 2025 20% Depreciation/Rate As at 1st August 2024 Charge for the year Balance as at 31st July 2025 Net Book Value As at 1st August 2024 As at 31st July 2025 |
Computer £ 3,750 3,750 675 554 1,229 3,075 2,522 |
Instruments Fixtures & Fittings Minibus £ £ £ 4,112 6,248 4,500 13,500 5,669 17,612 11,917 4,500 740 1,125 810 3,037 1,943 664 3,777 3,068 1,474 3,372 5,123 3,690 13,835 8,849 3,026 |
Total £ 18,610 19,169 - 37,779 3,350 6,197 9,547 15,260 28,232 |
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|---|---|---|---|---|
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