**CHARITY REGISTRATION NUMBER: 1204678** ## **The Apostolic Church UK Unaudited Financial Statements 12 March 2025** ## **BURGESS HODGSON LIMITED** Camburgh House 27 New Dover Road Canterbury Kent CT1 3DN ## **The Apostolic Church UK** ## **Financial Statements** ## **Period from 12 September 2023 to 12 March 2025** ||**Page**| |---|---| |Trustees' annual report|**1**| |Statement of financial activities|**4**| |Statement of financial position|**5**| |Statement of cash flows|**6**| |Notes to the financial statements|**7**| ## **The Apostolic Church UK** ## **Trustees' Annual Report** ## **Period from 12 September 2023 to 12 March 2025** The trustees present their report and the unaudited financial statements of the charity for the period ended 12 March 2025. ## **Introduction** On behalf of the Trustees of The Apostolic Church UK, I am pleased to present this report for the period from September 12th 2024 to March 12th 2025. The Apostolic Church UK was registered as a Charitable Incorporated Organisation (CIO) during this period. The Trustees anticipate that all assets and liabilities will be transferred from the unincorporated charity to the CIO on 1 April 2026. Rev I Parker National Leader **- 1 -** ## **The Apostolic Church UK** **Trustees' Annual Report** _**(continued)**_ ## **Period from 12 September 2023 to 12 March 2025** ## **Reference and administrative details** **Registered charity name** The Apostolic Church UK **Charity registration number** 1204678 **Principal office** Suite 105/110 Crystal House New Bedford Road Luton LU1 1HS ## **The trustees** I Cicchetto E F Bossa I P Parker K E King L W Isaac P R Carley R A Hinton S M Burke S D J Taylor E A Emmanuella Aiyere ## **Accountants** Burgess Hodgson Limited Camburgh House 27 New Dover Road Canterbury Kent CT1 3DN ## **Structure, governance and management** It is anticipated that the activities of the unincorporated charity will be continued by the CIO. The formation of the CIO follows the Trustees’ decision that the current unincorporated structure is no longer the most appropriate legal form for the ongoing operation of the charity. As the transfer of assets and activities from the unincorporated charity has not yet taken place, there is nothing to report for this period. **- 2 -** ## **The Apostolic Church UK** ## **Trustees' Annual Report** _**(continued)**_ ## **Period from 12 September 2023 to 12 March 2025** ## **Objectives and activities** The charity (the church) exists as a legal entity in which the church conducts its legal affairs as it seeks to fulfil its missional mandate in the UK and beyond. In human terms, leadership is paramount, and the church seeks to prepare, encourage and support leaders as they seek to bring the ministry of Christ to various villages, towns and cities across the UK. The church is made up of many congregations, each with its own mission field, and each with its resources and strengths. Our key strategy is to provide a support mechanism for leaders as they seek to support those they lead. Mission drift is always possible and the church endeavours to state and restate its primary purpose so that any drift is arrested early. The primary objective of the church is to reveal Christ to the nation through a network of local churches. Our main activities are those associated with the local church - praying, preaching, worshipping, learning, serving, and witnessing in many ways. The church will, in addition, advocate for the wellbeing of the poor and disadvantaged, care for the sick and lonely and address issues that may have social relevance. The church will seek to use the platform provided by the Gospel to communicate Christ to the nation. ## **Achievements and performance** ## **The CIO** The decision to transition from an unincorporated charity to a Charitable Incorporated Organisation (CIO) was made some time ago. This change will provide greater flexibility, resilience, and agility to enable growth and development. Although the transfer was not completed within this financial year, considerable progress has been made. While the process is complex, our committed National Office staff continue to prioritise this important work, and we anticipate completion in 2026. ## **Financial review** There is no financial information to report for this accounting period. ## **Plans for future periods** Registration of the new CIO is now finalised with the Charity Commission and preparation is now in progress to arrange the transfer of undertakings into the new legal entity. We anticipate and are working towards the new legal entity becoming operational from 1 April 2026. The trustees' annual report was approved on 5[th] January 2026, and signed on behalf of the board of trustees by: I P Parker Trustee **- 3 -** ## **The Apostolic Church UK** ## **Statement of Financial Activities** ## **Period from 12 September 2023 to 12 March 2025** |||**Period from**| |---|---|---| |||**12 Sep 23 to**| |||**12 Mar 25**| |||**Total funds**| ||**Note**|**£**| |||`────`| |**Total income**||–| |||`════`| |||`────`| |**Total expenditure**||–| |||`════`| |||`────`| |**Net income**||–| |||`════`| |**Reconciliation of funds**||| |Total funds brought forward||–| |||`────`| |**Total funds carried forward**||–| |||`════`| **The notes on pages 7 to 9 form part of these financial statements.** **- 4 -** ## **The Apostolic Church UK** ## **Statement of Financial Position** ## **12 March 2025** **12 Mar 25 Note £** These financial statements were approved by the board of trustees and authorised for issue on 5[th] January 2026, and are signed on behalf of the board by: I P Parker Trustee **The notes on pages 7 to 9 form part of these financial statements.** **- 5 -** ## **The Apostolic Church UK** ## **Statement of Cash Flows** ## **Period from 12 September 2023 to 12 March 2025** **12 Mar 25 £** – **Net decrease in cash and cash equivalents** – **Cash and cash equivalents at beginning of period** `────` – **Cash and cash equivalents at end of period** `════` **The notes on pages 7 to 9 form part of these financial statements.** **- 6 -** ## **The Apostolic Church UK** ## **Notes to the Financial Statements** ## **Period from 12 September 2023 to 12 March 2025** ## **1. General information** The charity is a public benefit entity and a registered charity in England, Wales and Scotland and is unincorporated. The address of the principal office is Suite 105 / 110, Crystal House, New Bedford Road, Luton, LU1 1HS. ## **2. Statement of compliance** These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)) and the Charities Act 2011, Charities and Trustee Investment (Scotland) Act 2005 and the Charity Accounts (Scotland) Regulations 2006 (as amended). ## **3. Accounting policies** ## **Basis of preparation** The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure. The financial statements are prepared in sterling, which is the functional currency of the entity. ## **Going concern** There are no material uncertainties about the charity's ability to continue. ## **Statement of financial activities** ## **Judgements and key sources of estimation uncertainty** The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. **- 7 -** **The Apostolic Church UK** ## **Notes to the Financial Statements** _**(continued)**_ ## **Period from 12 September 2023 to 12 March 2025** ## **3. Accounting policies** _**(continued)**_ ## **Incoming resources** All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income: - income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably. - legacy income is recognised when receipt is probable and entitlement is established. - income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers. - income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted. ## **Resources expended** Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates: - expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods. - expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities. - other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities. All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis. **- 8 -** ## **The Apostolic Church UK** ## **Notes to the Financial Statements** _**(continued)**_ ## **Period from 12 September 2023 to 12 March 2025** ## **3. Accounting policies** _**(continued)**_ ## **Financial instruments** Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value. ## **4. Staff costs** The average head count of employees during the period was Nil. No employee received employee benefits of more than £60,000 during the year. ## **5. Trustee remuneration and expenses** No remuneration or other benefits from employment with the charity or a related entity were received by the trustees. ## **6. Analysis of changes in net debt** At **At** 12 Sep 2023 Cash flows **12 Mar 2025** £ £ **£** **- 9 -**