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 1 **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: 1. 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. 2. 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. 3. 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 . 2 **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** . 3 srATEMENf OF TRUSfEES RFSPONSIBILrriFS L rt1￿d KITrgd￿ Genernlli AtteOed Acco￿1￿% PM¢ic* (UK GAAPI. hriTh rnwirts the tru5te*5 f￿￿•&1 Swernents kff t•ch fin*KI￿ )"e*. Under la*. Ihe uuskes iv $￿eme￿5 in wfjh ilni*d Kingd￿1 Cfftfftlh Acc(￿ling P￿7¢* IUni*d Kingkn Accokniing S￿￿1￿d$ arvlicable law). rin*Ki*l swemevKs ¥* Th4uirtd by law ￿ gile i true flir view of the slale of •ff*irs of the chxitsbk of the swplus w defici¢ ch*itsble company per￿￿. In PTewin¥ the chwitable c(Knp•n)' w.ill ¢(￿linUt in kniness. uiJ5fres &Ye TryK￿$1￿le f(Y kttpin8 F*(yer x¢crtiniing recrffth whi1 detsLtl￿ of fr1￿1 And th irre8ulariiies. srATEMENf AS TO DISCIthURE OF INFORMATION TO INDEPENDE￿ EXAMINERS So f•r as tt* trustees are awar¢ thfft is r*lev•trt inf(rfTWiM of which the chty's ¢x¥niner5 •re un•v4"Wt. and exh has uken all the ￿ep5 they oughi io have tsken &8 • truaee in cth kn rn)ke them of an). examin*ion inf0m)at￿ to esublish th* the ch*Ay"s ffflhccmirt8 Annual Genernl Meetin& OI¥ BEHALF OF THE BOARD: 20" May 2026 cs Camscanner ## **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: - Examine the accounts (under Section 145 of the Charities Act); - 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 - 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. 5 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**| 7 ## **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} 8 CamScanner ## **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. 9 ## **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**| |---|---| **10** ## **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**| |---|---| **11** ## **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**| |---|---|---|---|---| 12