2021-12-31-accounts - Christ Apostolic Church Land Of Mercy

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Christ Apostolic Church Land of Mercy

Index to the Accounts for the year ended 31 December 2021

	Page
Charity Information	1
Report of the Trustees	2
Independent Examiners' Report	3
Statement of Financial Activities	4
Balance Sheet	5
Accounting Policies	6
Notes to the Accounts	6 to 8

Christ Apostolic Land of Mercy

Charity Information for the year ended 31 December 2021

Trustees who held office during the year

Prophet S A Aluko - Chair Mr Emmanuel Idowu Ogundein - Secretary Ms Nike Omolade - Treasurer Mr S K Daramola - Financial Secretary Mr Stephen Ogundein

54 Spencer Road Rainham

Registered Office:

Essex RM13 8HB

Charity Registration number 1097804

Accountants Ken & Co Accountants Ltd 94 Fermain Court De Beauvoir Road London N1 5SX

Christ Apostolic Church Land of Mercy

Report of the Trustees for the year ended 31 December 2021

The Trustees present their report together with the financial statements for the Year ended 31 December

Principal activity

The principal activities of the charity in the year under review is ministering of the gospel of our Lord Jesus Christ including councelling and Charitable work and dealings with various social problems.

Trustees

The Trustees of the charity who held office during the year were as follows:

Prophet S A Aluko

Mr Emmanuel Idowu Ogundein Ms Nike Omolade Mr S K Daramola Mr Stephen Ogundein

Result for the year

The statement of Financial Activities shows net outgoing resources for the year of £16962.14 and our reserves stand at £155161.35

Tangible fixed assets for use by the charity.

Fixed assets are set out in Note 5 to the accounts

Statement of Trustees responsibilities

The Trustees are required by law to prepare financial statements for each financial period which gives a tr and fair view of the incoming resources and application of resources of the charity and its financial position the end of that period. In preparing those financial statements the trustees are requires to:

a) Select suitable accounting policies and apply them consistently;
b) Make judgements and estimates that are reasonable and prudent;
c) Follow applicable accounting standards, subject to any material departures disclosed and explained in account
d) Prepare the financial statements on a going concern basis unless it is inappropriate to assume that the charity will continue in operation.

The Trustees are required to act in accordance with the trust deed of the charity, within the frame work of trust law.

The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of t charity and hence for taking reasonable steps for the prevention of fraud and other irregularities.

Approved by the trusteed on: and signed on their behalf by

2021

Signature

Name

Christ Apostolic Church Land of Mercy

Independent Examiner's Report for the year ended 31 December 2021

Independent Examiner's Reports to the Trustees of Christ Apostolic Church Land of Mercy

I report on the accounts of the Association for the year ended 31st December 2021, which are set out on pages 4 to 8.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under section 43(2) of the Charities Act 1993 (the 1993 Act) and that an independent enamination is needed.

It is my responsibility to:

(a) examine the accounts (under section 43(3)(a) of the 1993 Act);
(b) to follow the procedures laid down in the General Directions given by the charity Commissioners (under section 43(7)(b) of the 1993 Act: and
© to state whether particular matter have come to my attention.

Basis of independent examiner's report

My Examination was carried out in accordance with the General Direction given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity 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 I do not express an audit opinion on the view given by the accounts.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that in any material respect the requirements
(a) to keep accounting records in accordance with section 41 of the 1993 Act; and
(b) to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 1993 Act have not been met
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

…………………………………………………………………… Name: Kehinde Olabisi

Relevant professional qualification: MSc, PGCE, AFA, MIPA

Address: Ken & Co Accountants Ltd, 94 Fermain Court North, De Beauvoir Road, London N1 5SX

Date:

……………………………………………..

CAC LAND OF MERCY LONDON

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECENBER 2020

					2021	2020
INCOME	Notes		Restricted	Unrestricted	Total
			Funds	Funds	Funds
			£	£	£	£
Gifts/Donations	Bank		1735.02	28865.25	30600.27	22410.25
	Cash			1678.00	1678.00	1787.00
Grants Received
Gift Aid				6616.50	6616.50	0.00
Interest				0.00	0.00	0.00
Funds Transferred from unrestricted Funds			0.00		0.00	10000.00
	A		1735.02	37159.75	38894.77	34197.25
Direct Charitable Expenditure
Office Expenses	7A			18281.00	18281.00	14604.85
Communications
Depreciation		2		101.62	101.62	135.49
Other Expenses		7		2250.01	2250.01	2168.43
Fundraising & Publicity
Managements and Administration		6		1300.00	1300.00	1454.00
Funds transferred to Restricted Funds				0.00	0.00	10000.00
Total Expenditure	B		0.00	21932.63	21932.63	28362.77
Net Income for the year (A-B)			1735.02	15227.12	16962.14	5834.48

Total funds brought forward from last year 118836.3 19362.87 138199.21 132364.73 Total funds carried forward 120571.4 34589.99 155161.35 138199.21

CAC LAND OF MERCY LONDON UK

BALANCE SHEET AS AT 31 DECEMBER 2021

		2021	2021	2020
Tangible Assets		£	£	£
Furniture and Equipment	2		219.34	292.45
Motor Vehicle	2		85.52	114.03

				0.00
		0.00	304.86	406.48
Current Assets
Cash at bank and in hand -
Restricted Fund		120571.36		118836.34
Unrestricted Fund		26999.61		11631.87
Other Debtors		634.14		8224.52
		148205.11	0.00	0.00 139099.21
Current liabilities
Creditors and accruals	5	939.00		-900.00
			147266.11	0.00
			147570.97	138199.21
Funds
Restricted Funds			120571.36	118836.34
Unrestricted Funds			26999.61	19362.87
General Purpose Funds			0.00	0.00
			147570.97	138199.21

E Ogundein Chairman

For and on behalf of the Management Committee

CAC LAND OF MERCY

Notes to the accounts to 31 December 2021

1 Accounting Policies

Genaral

These Account have been prepared under the historical cost convention and in accordance with applicable accounting standards and the Statement of Recommended Practice (SORP) on Accounting by Charities.

Depreciation

Depreciation is provided on Furniture and equipment at the following rate based on the useful economic life of the fixed assets.

Furniture and Equipment - 25% p.a (straight line basis)

2 Fixed Assets

Cost b/d Additions Depreciation Balance b/d For the year Net Book Value c/d	Furniture & Equipment 4366.39 0.00 4366.39 4073.94 73.11 4147.05 219.34	Motor Van Total 4800.00 9166.39 0.00 0.00
		4800.00 9166.39
		4685.97 8759.91 28.51 101.62
		4714.48 8861.53
		85.52 304.86

3 Summary of Net Assets by Funds

3 Summary of Net Assets by Funds
Fixed Assets Current Assets 4 Donations and Grants National Lottery Grants Donations	Restricted Unrestricted Funds Funds 304.86 120571.36 26999.61 120571.36 27304.47	Total 304.86 147570.97
		147875.83
		0 0
		0

5 Accruals Accountancy Fees 900 Independent Examination Fees 0 900 6 Management & Administration of Charity 2021 2020 Accountancy 900.00 900.00 900 Visiting Pastors 250.00 250.00 320 CAC Headquarter 150.00 150.00 234 1300 1300.00 1454 2021 2020 7A Office Expenses General Expenses 518.00 518 146.50 Repairs 168.00 168 1011.50 Evangelism 500 500 0.00 Software 0.00 0 201.85 Rent & Rates 14,625.00 14625.00 12375.00	2021	900 0
		900
		2020
1300 1300.00 1454
2021 2020 518.00 518 146.50 168.00 168 1011.50 500 500 0.00 0.00 0 201.85 14,625.00 14625.00 12375.00	2021 2020

Gift to Other churches Gas Youth Printing 7 Other Expenses Gift Bank Charges Evangelism Speaker & Microphone Van Expenses Insurance Parking Entertainment	2,370.00 2370.00 590.00 0.00 0.00 145.00 0 0.00 0.00 100.00 100 135.00	2,370.00 2370.00 590.00 0.00 0.00 145.00 0 0.00 0.00 100.00 100 135.00
	18281 18281.00 14604.85
	2021 2020 0 0.00 0.00 0 0 0.00 0.00 0 0.00 0 0.00 0.00 1,050.75 1050.75 860.00 1,199.26 1199.26 1308.43 0 0 0.00 0 0.00 0.00	2021 2020
	2250.01 2250.01 2168.43