2020-12-31-accounts

CHARITY NO. 1107301

CHRIST APOSTOLIC CHURCH GOD IS LOVE

REGISTERED CHARITY NO. 1107301

REPORTS & ACCOUNTS FOR THE YEAR ENEDED

31 DECEMBER 2020

Page 1

CHARITY NO. 1107301

CHRIST APOSTOLIC CHURCH

GOD IS LOVE

CONTENTS:

	PAGES
Organisation Information	3
Trustees Report	4 & 5
Accountants Report	6
Income & Expenditure Statement	7
Balance Sheet	8 & 9
Notes to the Accounts	10 & 11

Page 2

CHARITY NO. 1107301

CHRIST APOSTOLIC CHURCH GOD IS LOVE

ORGANISATION INFORMATION

TRUSTEES	LADY EVANGELIST V OYEGUNLE
	ELDER G T A OLARINRE
	MR A S EWETADE
	MR A OYEGUNLE
SECRETARY	ELDER G T A OLARINRE
REGISTERED OFFICE	UNIT 10 BASEMENT
	BOARDMAN HOUSE
	64 BROADWAY
	LONDON
	E13 1NT
ACCOUNTANTS	EUCHRISS & CO
	18A CHURCH STREET
	DAGENHAM
	RM10 9UR
BANKERS	NATWEST BANK PLC
	HACKNEY BRANCH
	20 AMHURST ROAD
	LONDON
	E8 1QZ

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CHARITY NO. 1107301

CHRIST APOSTOLIC CHURCH GOD IS LOVE

TRUSTEES REPORT

The trustees present their report and the accounts for the period ended December 31, 2020.

Christ Apostolic Church (God is Love) is governed by its constitution and in any other way prescribed by the trustees in accordance with the Charity laws of the United Kingdom Trustees who served during the year are:

Lady Evangelist V Oyegunle Elder G T A Olarinre Mr A S Ewetade Mr A Oyegunle

Principal Activities:

1. To be a christian church and a place of worship devoted to the advancement of the christian religion for the benefit of the public.

2. To present the good news of the gospel of Jesus Christ to those in its local community.

3. To assist, encourage and educate its members to preach the good news and to be good citizens of their community and the country at large.

4. Provide Christian educational instructions and/or training for individuals or other

5. organisations.

6. Conduct, encourage and promote social and/or moral activities for the advancement of the christian religion.

7. Encourage, undertake and promote the writing of books and/or the production of audio and/or video materials for the furtherance of its objectives. These books and/or materials may be sold to the public as a means of raising fund for the charity.

8. Promote and encourage or sponsor christian missionary activities within and/or outside the United Kingdom insofar as these activities shall further its objectives.

9. The relief of persons who are in the conditions of hardship or distress or who are aged, sick or disabled in the United Kingdom or abroad.

10. The promotion of fulfillment of such other charitable purposes benefitial to the community.

Achievement and Performance:

The Charity was involved in christian activities and programmes which enhance and create awareness of the gospel of our Lord Jesus Christ.

The Charity has benefited the public within and outside the community of its location by providing programmes such as children programs, youth outreach, marriage and marriage counselling, helping single parents, welfare programs and christian relief foundation. We strengthened the community through counselling on the important issues in the family regardless of backgroung and race.

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CHARITY NO. 1107301

CHRIST APOSTOLIC CHURCH GOD IS LOVE

TRUSTEES REPORT CONT'D

Core - Activities: Our regular activities include:

1. Sunday services by bringing the people in the community together.

2. Mid-Week Bible fellowships to enhance the knowledge of the word

3. Prayer meetings to heal the person and the land

4. Youth/Children's activities

Activities Undertaken During the Year

During the year under review, the Charity continued to be involved in Christian outreach programmes designed to increase christian wareness and continued to spread the Gospel of our Lord Jesus Christ in accordance with the teachings of the Holy Spirit, strictly guided by the Tenets and practice of the Christ Apostolic Church of One Fold, One Shepherd. The result of the activities of the Charity for the year are set out in the Financial Statements on pages 7 - 9

The Charity also organised cloths banks and feeding programs during the year to cater for the less priviledged in the society.

Approval:

The board of trustees approved this report and accounts on the 29th September 2021 and is signed on it behalf by:

Lady Evangelist V Oyegunle Trustee

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CHARITY NO. 1107301

CHRIST APOSTOLIC CHURCH GOD IS LOVE

ACCOUNTANTS REPORT

We have conducted an independent examination of the financial statements on pages 7 to 9 which have been prepared in accordance with the general directions given by the Charity Commissioners. We have also undertaken the review of the records kept by the Charity (Christ Apostolic Church God is Love) and a comparison of the accounts presented with those records.

An independent examination includes the consideration of any unusual items or disclosures in the accounts, and seeking explanation from the Trustees regarding any such matters.

The procedures undertaken do not provide all the evidence that would be required by full audit and, consequently, we do not express an audit opinion on the view given by the accounts.

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

• (1) gives us reasonable cause to believe that in any material respect, the requirements to

• (a) keep accounting records in accordance with section 386 of the Companies Act 2006; and

• (b) to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2006 Act have not been met; or

• (2) in our opinion, attention should be drawn to in order to enable a proper understanding of the accounts so prepared.

EUCHRISS & CO. (ACCOUNTANTS & TAX ADVISORS)

18a Church Street Dagenham RM10 9UR

29 September 2021

Page 6

CHARITY NO. 1107301

CHRIST APOSTOLIC CHURCH GOD IS LOVE

INCOME AND EXPENSE STATEMENT FOR PERIOD ENDED 31 DECEMBER 2020

2020 GENERAL FUND: Notes £ INCOMING RESOURCES: Tithes, Offerings, Contributions, Donations, etc 112,408 Building Fund Gift Aid 21,157 Interest Received 0 HMRC JRS Grant 20,535 TOTAL INCOMING RESOURCES 154,100.31 RESOURCES USED Interest on Finance 5,115 Ministry Expenses 42,344 Wages & Allowances/Visiting Ministers 39,239 Rent & Rates 13,830 Choristers' Epenses 1,650 Telephone, Fax & Internet 333 Repairs & Renewal & Cleaning 1,779 Printing, Postage & Stationery Insurance 2,524 Gift & Donations 2,712 Travelling & Motor Expenses 373 General Office Administration 1,517 HMRC Tax & NIC 8,150 Training & Development 188 119,755 Management & Administration Bank Charges & Interest 609 Accountancy 600 Legal & Professional fees 2,562 Depreciation 4,873 8,643 TOTAL RESOURCES USED 128,398 NET INCOMING/(OUTGOING) RESOURCES 25,702 BALANCE BROUGHT FORWARD AT BEGINNING OF YEAR 110,416 BALANCES CARRIED FORWARD AT END OF YEAR 136,118	2019 £ 115,982 2,155 20,383 2
	138,522
	2,453 45,713 47,046 14,388 2,050 256 658 3,438 3,755 1,057 1,368 270
	122,453
	690 500 2,447 4,839
	8,476
	130,929
	7,593 102,823
	110,416

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CHARITY NO. 1107301

CHRIST APOSTOLIC CHURCH GOD IS LOVE

BALANCE SHEET AS AT 31 DECEMBER 2020 Notes

FIXED ASSETS 4 CURRENT ASSETS Debtors & Prepayments 3 Cash at bank and in hand LIABILITIES: AMOUNT FALLING DUE WITHIN ONE YEAR Creditors 4 NET CURRENT ASSET TOTAL ASSETS LESS CURRENT LIABILITY LIABILITIES: AMOUNTFALLING DUE AFTER MORE THAN ONE YEAR Creditor 4 FUNDS: Unrestricted Funds Restricted Funds	2020 £ 323,171 1,200 18,531 19,731 13,277 6,454 329,624 193,506 136,118 136,118 - 136,118	2019 £ 327821
		1,200 355
		1,555 22,000
		(20,445)
		307,376 196,960
		110,416
		110,416 -
		110,416

For the year in question the charity was entitled to exemption conferred by Charity Commission rules and regulation for its account to be audited.

The trutees acknowledge their responsibilities for:-

1. Ensuring that the charity keeps proper accounting records which of all incoming resources and resourses used during the period and how unexpended balance of funds are deployed at the end of the accounting period. [SORP 10]

2. Ensuring that the charity prepares Statement of Financial Activities for the year that shows all resourses made available to the charity and all expenditure incurred by it, and reconcile all changes in its funds {Reg.3(2)(a)}{Sch.1, PartI,1}

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CHARITY NO. 1107301

CHRIST APOSTOLIC CHURCH GOD IS LOVE

BALANCE SHEET AS AT 31 DECEMBER 2020

(Continued)

1. Preparing balance sheet that shows the assets, liabilities and funds of the charity {Reg.3(2)

2. (b)}{Sch.1,PartII,1}.

3. Including notes to the accounts, explaining the accounting policies adopted and explaining or expanding upon the information contained in the accounting statements referred to above or which provide further useful information. This will include notes analysing the figures in the accounts and explaining the relationships between them [SORP 22(e){Sch.1, Part IV}

4. In the opinion of the trustees, the charity is entitled to those exemptions on the basis that it qualifies as small charity.

Approved By The Trustees on 29th September 2021 and signed on behalf of Trustees by:

Lady Evangelist V Oyegunle Trustee

Page 9

CHARITY NO. 1107301

CHRIST APOSTOLIC CHURCH GOD IS LOVE

NOTES TO THE ACCOUNTS FOR PERIOD ENDED 31 DECEMBER 2020

1. Accounting Policies

1.1 Basis of preparation of accounts

The accounts are prepared under the historical cost convention and incorporate the result of the principal activity which is described in the trustees report.

The charity has taken advantage of the exemption in the Financial Reporting Standard 1

(F.R.S. 1) from the requirement to produce a cashflow statement on the ground that it is a small company.

2. Net Movement in Funds

The net movement in fund is stated after charging:-

£

Accountants Fee

600

3. Debtors

RCCG (Rent Deposit)	1200
	1200

4a. Creditors:

Accountancy fee Santander Bank Plc NatWest Bank Plc 4b. Creditors: Santander Bank Plc NatWest Bank Plc	800 3505 8,972
	13,277
	479 193,027
	193,506

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CHARITY NO. 1107301

CHRIST APOSTOLIC CHURCH GOD IS LOVE

NOTES TO THE ACCOUNTS FOR PERIOD ENDED 31 DECEMBER 2020

(Continued)

Motor

4. Tangible Fixed Assets F/H Property Vehicle Equipments

COST: B/F at 01/01/20 Additions C/F at 31/12/20 DEPRECIATION: B/F at 01/01/20 Charged for the year C/F at 30/06/20 NET BOOK VALUE: At 31/12/20 At 31/12/19	£ £ £ 314,000.00 21,545.00 3,535.00 - - 221.90 314,000.00 21,545.00 3,756.90 8,618.00 2,640.75 4,309.00 563.54 - 12,927.00 3,204.29 314,000.00 8,618.00 552.62 314,000.00 17,236.00 1,116.15	Total 339,080.00 221.90
		339,301.90
		11,258.75 4,872.54
		16,131.29
		323,170.62 332,352.15

Fixed Assets are depreciated over their useful life using the straight line method at the following rates:

Motor Vehicle	20%
Equipments & Fittings	15%
Building	0%

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