2023-12-31-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 2023

Charity Information

Report of the Truatees

Independent Examiners' Report

Statement of Financial Activities

Balance Sheet

Accounting Policies

Notes to the Accounts

Christ Apostolic Land of Mercy

Charity Information for the year ended 31 December 2023

Trustees who held office during
the year
	Prophet S A Aluko	-
	Mr Emmanuel Idowu Ogundein	-
	Ms Nike Omolade	-
	Mr S K Daramola	-
	Mr Stephen Ogundein
Registered Office:	54 Spencer Road
	Rainham
	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 2023

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

Principal activity

The principal activities of the charity in the year under review is ministering of the gospel of our Lord Jes 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 £20867 and our reserves stand at £203298.37

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 and fair view of the incoming resources and application of resources of the charity and its financial posit 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 toany material departures disclosed and explained i account
d) Prepare the financial statements on a going concern basis unless it is inappropriate to assume that t charity will continue in operation.

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

Signature

Name

Christ Apostolic Church Land of Mercy

Independent Examiner's Report

for the year ended 31 December 2023

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 2023, 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 2023

2023 INCOME Notes Restricted Unrestricted Total Funds Funds Funds £ £ £ Gifts/Donations Bank 0.00 0.00 0.00 Cash 0.00 0.00 Grants Received Gift Aid 0.00 0.00 Interest 0.00 0.00 Funds Transferred from unrestricted Funds 0.00 0.00 A 0.00 0.00 0.00 Direct Charitable Expenditure Office Expenses 7A 0.00 0.00 Communications Depreciation 2 41.13 41.13 Other Expenses 7 85.00 85.00 Fundraising & Publicity	2023 INCOME Notes Restricted Unrestricted Total Funds Funds Funds £ £ £ Gifts/Donations Bank 0.00 0.00 0.00 Cash 0.00 0.00 Grants Received Gift Aid 0.00 0.00 Interest 0.00 0.00 Funds Transferred from unrestricted Funds 0.00 0.00 A 0.00 0.00 0.00 Direct Charitable Expenditure Office Expenses 7A 0.00 0.00 Communications Depreciation 2 41.13 41.13 Other Expenses 7 85.00 85.00 Fundraising & Publicity
	0.00 0.00 0.00
	7A 0.00 0.00 2 41.13 41.13 7 85.00 85.00
Office Expenses Communications Depreciation Other Expenses Fundraising & Publicity

Managements and Administration		900.00	900.00
Funds transferred to Restricted Funds		0.00	0.00
Total Expenditure B	0.00	1026.13	1026.13
Net Income for the year (A-B)	0	-1026.13	-1026.13
Total funds brought forward from last year	126947.27	55484.10	182431.37
Total funds carried forward	126947.27	54457.98	181405.25

CAC LAND OF MERCY LONDON UK

BALANCE SHEET AS AT 31 DECEMBER 2023

		2023	2023
Tangible Assets		£	£
Furniture and Equipment	2		123.38
Motor Vehicle	2
		0.00	123.38
Current Assets
Cash at bank and in hand -
Restricted Fund		129739.11	129739.11
Unrestricted Fund		64149.60	64149.60
Other Debtors		9614.93	9614.93
		203503.64	203627.02	0.00
Current liabilities
Creditors and accruals	5	0.00	328.65

			203298.37
Funds
Restricted Funds			126947.27
Unrestricted Funds			54457.98
General Purpose Funds			0.00
			181405.25

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 profided 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 Summary of Net Assets by Funds Fixed Assets Current Assets	Furniture & Equipment 4366.39 0.00 4366.39 4201.89 41.13 4243.02 123.38 Restricted Unrestricted Funds Funds 123.38 0.00 0.00	Furniture & Equipment 4366.39 0.00
		4366.39
		4201.89 41.13
		4243.02
	0.00 123.38

3 Summary of Net Assets by Funds

4 Donations and Grants

National Lottery Grants

Donations

5 Accruals

Accountancy Fees

Independent Examination Fees

6	Management & Administration of Charity		2023
	Accountancy	900.00	900.00
	CAC Conference	0.00	0.00
	CAC Headquarter	0.00	0.00
		900	900.00
			2023
7A	Office Expenses
	General Expenses	0.00	0.00
	Repairs	0.00	0.00
	Evangelism	0.00	0.00
	Van Hire	0.00	0.00
	Rent & Rates	0.00	0.00
	Gift to Other churches	0.00	0.00
	Gas	0.00	0.00
	Youth	0.00	0.00
	Printing	0.00	0.00
		0.00	0.00

2023

Other Expenses

Gift Bank Charges Evangelism Speaker & Microphone Van Expenses Loss on sales of Van Parking Entertainment	0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 85.00 85.00 0.00 0.00 0.00 0.00
	85 85.00

Page 6t08

Chair Secretary Treasurer Financial Secretary

r 2023 JUS

true lon at inthe If the 2026

2022

39872.54 1036.00

6375.91

0.00 0.00

47284.45

15139.00

76.22 3749.22

1050.00

0.00

20014.44 27270.01 155161.35 182431.36

2022

£ 164.51 64.14

0.00

228.65

126947.27 55484.10

182660.02 228.65 0.00 182431.37

126947.27 55484.10 0.00

182431.37

Motor

Motor
Van		Total
	0.00	4366.39
	0.00	0.00
	0.00	4366.39
	0.00	4201.89
	0.00	41.13
	0.00	4243.02
	0.00	123.38

Total

123.38 0.00 123.38

900

0 900

2022 228.65 0.00 150 378.65 2022

1370.00 0.00 50.00 0.00 13500.00 0.00 115.00 0.00 104.00 15139.00

2022

1929.00

0.00

147.00 0.00

445.00 1228.22 0.00 0.00

3749.22