Apostolate of the Faith
STATEMENT OF FINANCIAL ACTIVITIES
for the financial year 8nded 1 February 2025
Unreslricted
Funds
2025
Total Unrestricted
Funds
Funds
2025
2024
Total
Funds
2024
Notes
Incomo
Donations and legacies
Oth8r Income
517
406
517
406
665
165
665
165
Total Incomo
923
923
830
830
Expendlturo
Charitable activlties
363
363
920
920
Net In¢om•llaxpandltur•)
560
560
(goi
1901
Transfers between fund8
Nat mov•m&nt In funds for tho flnanclal year
560
560
(901
(901
Roconclllatlon of funds:
Total funds beglnning of the year
170,688
170,688
170,778
170.778
Total fund8 at the ond of tha year
171.248
171.248
170,688
170.688
The Slalement of FSnanclal Acllvllles Includes all g8lns and loss&s recognlsed In the flnanclal year.
All Income and expendlture relate to conllnulng actlvllle8.
The notes on pages 10 to 12 form part of the finan￿al statements

Ap05tolate of the Faith
BALANCE SHEET
as at 1 February 2025
2025
2024
Not83
Current Assets
Cash at bank and in hand
171,551
170,991
Credltors,. Amounts falllng duo withln oné year
1303)
13031
Net Current Assets
171,248
170,688
Total Assetsloss Current Llabllltles
171,248
170,688
Funds
General fund lunre$tri¢tedl
171,248
170,688
Total funds
171,248
170,688
Tho flnancSal statements have been prepared Sn accordance wllh the provlslons appllcable lo companlgs sublecl lo
tha small companles, reglma and in accordance wlth FRS 102 "The Flnancial Reporting Sland8rd applicablè In the UK
and Republlc of Ireland applylng Section 1A of that Standard.
Approvad by th8 Board of Tru•to08 and authorl8od for Issue on 11 Novombor 2025 and 8lgn8d on It8 behalf
by
Mr Tom Jennlng
Chalrp8rson
Malgl
Trustee
MGAtgor
The notss pages 10 to 12 form part of the finan￿al 5tatefftents

Apostolate of the Faith
NOTES TO THE FINANCIAL STATEMENTS
for Ihe finan¢lal year ended 1 February 2025
GENERAL INFORMATION
Apostolate of the Faith is a charity incorporated in Northern Ireland. The r8gister8d office of th8 charity Is
which is also the principal plac8 of busin888 of tha charity. The financial statements have been presented in
Pound {£) which is also the functional currency of the charity.
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
The following accounting policies have been applied consistently in dealing with items which are Considered
material in relation to the charlty's financi81 s18tementg,
Ba818 of preparatlon
The financial slalements have been prepared on the golng concern basis under the historical ¢osl ¢onv&nlS0n,
modified lo include cartain ilams at fair value. The financial slalements have been prepared Sn accordance
with th8 Statement of Recommanded Practica ISORP} "Accounting and Reporting by Charities preparing their
accounts In 8c¢ordance with the Flnanclal Reporling Standard applicable in Ihg UK and Republic of Ireland
FRS 102" applying Section 1 A of that standard.
Ag permitted by the Companias Act 2006, the charity has varied the standard forma18 in that act lor the
Statement of Flnanc181 Aclivilies and tha Balanco Sheot. Departures from th@ standard formats are to Gomply
with the requirenienls of the Charilles SORP and are in compliance with sectlon 4.7, 10.6 and 15.2 of that
SORP.
Statamont of compll•n¢e
The financlal slatoments of tha oharSly for the financial year onded 1 February 2025 hava been prepared on
the going concern basls and In aGGordanGe wllh the Slatemgnl of R8commended Pracllce ISORPI
"Accounting and Reporting by Charities preparing their accounts in accord8nce with the Flnanclal Reportlng
Standard appllcable In the UK and Republlc of Ireland FRS 102. applying Sectlon 1A of that Standard.
Fund accountlng
Tha following are the categories of funds maintained..
R•8trlct•d funds
Restricted funds represent Income recelved which can only be used for partlcular purposes. as specified by
tho donors, Such purposas are wlthln tho overall objecllves of the Charity.
Unrestrlct8d funds
Unrestricted funds ¢onsist of General and Designated fund5.
General funds represent amounts whlch are expendable at the dlscretion of the board, in furtherance of the
objectives of th8 charity.
Designated funds comprise unrestricted funds that th8 board has, at ils discretion, sel aside for partlcular
purposes. Th8se dèsbgnalions h8v& an adminlstrallvè purpose only, and do not lègally r8slrlcl th8 board's
dlscr8tlon to apply the fund.
Income
Ineome Is rècognlsed by Incluslon In the Statement of Flnanclal Acllvltles only when the eharlly Is legally
8ntitled to the income, performance condrtions attached to th& itemlsl of income have been met, the amounts
involved can b8 m6asur8d with sufficlenl rellabillty and It Is probable that the income will be receiv8d by the
charlty.
Incorne from charltable actlvltlès
Income from charitable activities Includ8 Income earned from the supply of services under contractual
arrang9menls and from performance related grants which have conditions that speclfy Ihe provision of
particular seNlces lo be provided by the charity. Income from goveTnmenl and other co-funders is recognised
when the charity is legally enlilled to the income because it is fulfilling the conditions contained in the related
funding agreements. Where a grant is received in advanco, its recognition is deferred and included In
cr8ditors. Where 8nlitlement occurs before income is received, il is accrued in debtors.
Grants from governments and olher co-funders typically include one of the following types of CDnditions'.
PerformanGe based Gonditions.. whereby the Gharily is Gontractually entitled to fL(nding only to the extent that
the core objectives of the grant agreement are achieved. Where the charity is meets'ng the core objectives of a
grant agreement, it recognises the related expenditure, to the extent that it is reimbursable by the donor. as
income.
10

conllnue
Apostolate of the Faith
NOTES TO THE FINANCIAL STATEMENTS
for the financial year 8nded 1 February 2025
-T5me based condltlons.. whereby the charily Is contractually enlltled to fundlng on the conditlon that It Is
utlllsed in a particular period. In these cases the charily recognises the income to the extent it is utilised within
the period specified in the agreement.
In tho absence of such conditions, assumlng that receipt is probable and the amount can be reliably
measured, granl Income Is recognlsed once the charfty Is notlfied of entillement.
Grants rgceived towards capital expenditure are credlted to the Statement of Financial Activities when
re¢eived or receivable, whichever Is eartier.
Exp•ndlturo
Expenditure is analysèd behvaèn costs of ch8ri18bl8 attivlli8s and raising funds. The Costs of each 8ctivlty are
separately accumulat8d and dlsclosed, and analysed according to their major components. ExpenditUTe Is
re¢ognlsod whon a legal or constructive obligation exists as a result of a post event, a transfer of economlc
benefits is requlred In settlement and the amount of the obligallon can be rellably measured. Support costs
are those functions that asslst thè work of the charlly bul cannot bè attributèd to one aetivity. Such costs ar8
allocat8d to actlvllles In proportlon lo staff tlme spent OT Other sultable measure for each aGtivlty,
Cash at bank and In hand
Cash al bank and In hand comprls88 cash on dgposlt at banks requlrlng less than three months nollce of
wllhdrawal.
Taxatlon and dèfèrred taxatlon
No ¢urrenl or deferred taxation arlses as the charity h85 been granted charllable 8xemplion. Irfecover8ble
valued added lax is expensed as Incurred.
D8ferr8d lax Is racognlsèd in réspèet of all Ilming dlff8r8rbCO5 thAI hav0 orlglnated but not r8v8rs8d at the
balanc8 sh88t dale whor8 Iran&actions OT evgnls hav8 occurred al that dal8 that will result In an obligation lo
pay more lax in the future, or a right to pay less tax in the future. Tlming dlfferences are temporary dlfferences
tse￿een the charlty's taxable proflts and Ils results as stated In the financlal slalements.
D8f8rred tax is measured on an undiscounled basis at th8 lax rates that ar8 anlicipaled lo apply in the periods
In whlch the Ilming dlff&rènces ar6 expected to revèrse, based on tax ralos and laws that have been enacted
or sub8tanllvely enacted by the balance sheet date.
INCOME
DONATIONS AND LEGACIES
Unr8strlcted Restrl¢ted
Funds
Fund•
2025
2024
Donation8 and legacles
517
517
665
OTHER INCOME
Unrostrlctod R•strl¢t¢d
Funds
Funds
2025
2024
Other incom&
406
406
165
EXPENDITURE
CHARITABLE ACTIVITIES
Direct
Costs
Other
Costs
Support
Costs
2025
2024
Expendituré on charitable activites
363
363
920
INVESTMENT AND OTHER INCOME
2025
2024
Bank inlerest
406
165
11

continued
Apostolate of the Faith
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 1 February 2025
CREDITORS
Amounts lalllng due withln one year
2025
2024
Accruals and deferrad in¢omo
303
303
RESERVES
2025
2024
Al the beglnnlng of Ihe year
Surplusl{Dèflcill for the financlal year
170,688
560
170,778
1901
At the end of the year
171,248
170,888
FUNDS
RECONCILIATION OF MOVEMENT IN FUNDS
Unrestrlctod
Fund#
Total
Fund•
Al 2 F8bruary 2023
Mov8menl durlng the financlal year
170,778
1901
170,778
1901
Al 1 February 2024
Mov8ment durlng the flnancial year
170,688
560
170,688
560
Al 1 Fèbruary 2025
171.248
171,248
ANALYSIS OF MOVEMENTS ON FUNDS
Balancg
2 Fébruary
2024
Incomo Expendltur•
Transfér•
bètween
fund•
Balanc•
1 February
2025
Unr0Strlctod funds
Unreslrlcled General
170,688
923
363
171,248
Total funds
170.688
923
363
171,248
ANALYSIS OF NET ASSETS BY FUND
Current
as8Ots
Current
Ilabllltlos
Total
Unrestrlctèd general funds
171.551
1303)
171,248
171,551
1303)
171,248
POST4ALANCE SHEET EVENTS
There hav8 been no significant ev8nts aff8cling tho Charity since the financial year-end.
12