THE CHURCH OF OUR LORD JESUS CHRIST OF THE APOSTOLIC FAITH INCORPORATED Charity Registration No 295062 REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025 THE CHURCH OF OUR LORD JESUS CHRIST OF THE APOSTOLIC FAITH INCORPORATED Contents Page Trustees, Report Accountants, Report Income and Expendilure Account Balance Sheet Notes to the Financial Stalements Pag¢ I THE CHURCH OF OUR LORD JESUS CHRIST OF THE APOSTOLIC FAITH INCORPORATED TRUSTEES REPORT FOR THE YEAR ENDED 31 MARCH 2025 The trustees present the financial statements of the charity for the year ended 31 March 2025. The financial statements have been prepared in accordance with the Financial Reporting Standards for Smaller Entities, the Companies Act 2006 and follow the recommendations in Accounting and Reporting by Charities.. Statemenl of Recommended Practice. Objectives Of The Charity The object of the charity is to promote spiritual growth and education of the Gospel in our community. Trustees The following were trustees of the charity throughout the year unless otherwise stated.. C Thomas P Gordon RA Weir This report was approved on behalf of the Board on the 18 February 2026. P &-&c- P Gordon Trustee Page 2 ACCOUNTANTS, REPORT TO THE TRUSTEES ON THE UNAUDITED ACCOUNTS OF THE CHURCH OF OUR LORD JESUS CHRIST OF THE APOSTOLIC FAITH INCORPORATED FOR THE YEAR ENDED 31 MARCH 2025 As described on the balance sheet you are responsible lor the preparation ol the accounts lor the year ended 31 March 2025, sel out on pages 3 to 5 and you consider that the company is exempl from an audil. In accordance with your inslruclions, I have compiled these unaudited accounts in order to assist you lo fulfill your slatulory responsibilities from the accounting records and information and explanations supplied to us. WSManlz&Co Chartered Accountants 90 Brixlon Hill London SW2 1QN Date.. 18 February 2026 Page 3 THE CHURCH OF OUR LORD JESUS CHRIST OF THE APOSTOLIC FAITH INCORPORATED INCOME AND EXPENDITUFIE ACCOUNT FOR THE YEAR ENDED 31 MARCH 2025 2025 2024 Incoming Resoures Offerings Other Income 109.079 1,349 110,428 94,056 1,657 95,713 Resources Expended Cost of generating funds Prernises cost Convention & Education Printing & Publicity 59,874 8,307 33,546 12,003 68,181 45.549 Charltable Expenditure Staff cosls Prolessional Fees Depreciation Administralion expenses Total Resources Expended 47,897 1,647 46,952 1,484 6,515 56,059 3,001 51,437 Net Movement In Funds 113,8121 11,273) Total net funds at 31 March 123,855 137,667 All income and expenditure on ordinary activities are attributable to continuing operations The company has no recognised gains or losses olher than the income for the year. Page 4 THE CHURCH OF OUR LORD JESUS CHRIST OF THE APOSTOLIC FAITH INCORPORATED BALANCE SHEET AS AT 31 MARCH 2025 2025 2024 Fixed Assels Equipment NBV BIFwd Additions Depreciation for the year Equipment NBV CIFwd Curr8nl Assets Bank & Cash Other Debtors 125,768 139,984 125,768 139,984 Currenl Liabilities Creditors: Amounts falling due within one year 1,913 2,317 Net Current Assets 123,855 137,667 Net Assets 123,855 137,667 Unrestricled Funds Accumulated Fund Excess Income I (Expendilurel For The Year 137,667 113,8121 138,940 11,2731 123,855 137,667 In PLCPating thestr financial slateuienlx.. For Ihc ytar ended 31 Mar¥li 2025 the cliarity W418 entiilcd to e.Aeiiiplion fiom audit under section 477 of the Coiiipartits Aci 2ffj6 I¢laring to siiiall coiiipani¢s. The Trusieeg re$pon The mtinL)eis have uot ie4uired the Co￿panY io obiain an alldit of lis aL￿O￿￿t5 foi the year in questinn in aicoidAnc, with be￿110￿ 476. The Trnsree5 ac.kllowled8e Iheir rv&ponsihilities foi coiiipkying with the requir￿llent5 of the Act with rcbpect ID aciouniing ieioids atkd the pi¢patdiiOTh of aiiVWIts. ISC &¥oiints have bt¢n pi¢par¢d in a￿(0[a￿nce wilh ihe provixions appliiable to ¥oiiipanies 511bj¢st to the snlall conipaiiies regime. The 4kkounts were aPp￿ved by the on the 18 Febtuary 2026 and biglled on its. behalf. P Gordon The Dotes page 5 fom part ol these aCiouniR. Pag¢ 5 THE CHURCH OF OUR LORD JESUS CHRIST OF THE APOSTOLIC FAITH INCORPORATED NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2025 Accounting Policies Basls Of Preparation Of Accounts The accounts have been prepared under the historical cost convention using the following accounting policies. Income Resources and Expendltur8 Income and expenditure is included on an accruals basis with fee income related to courses being recognised in the accounts at conclusion ol relevant courses. Income and expenditure is allocated in the different cat8gories of the Statement of Financial Activities on a basis which reflects the day to day operations of the charity. Sa5ary costs are allocated on a percentage basis which reflects the responsibilities of individual employees. Depreclation Depreciation is calculated to write off Ihe cost of the f ixed assets over their useful lives, using the following rates and melhods.. Category Rate Method Equipment 25/. Reducing Balance Depreciation is increased if Ihe net book value, as calculated using the above rates, is higher than the expected residual value. Cashflow The company has taken advantage of the exemplion in Financial Reporting Standard No 1 from the requirement to produce a cash flow stalement on the grounds that it is a small company.