CHRIST APOSTOLIC CHURCH
NEIV TESTA)L IENT ASSEI•IIILY
(CACNTA)
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 DECEMBER 2023

Christ Apostolic Church New Testament Assembly
Legal and Administrative Details
For the year ended 31 December 2023
Status
The organization is a registered Charity.
Charity Number
1115710
Registered Of"tice
I"hird Floor,
28 - 30 Victoria Street,
Luton
Bedfordshire
LUI 2UA
Management Board
Pastor S.0. Oluwasola
Pastor E. A Adeosun
Elder A.S.P. Adeusi
Dcn O.S. Opoola
Dcn A.E. .lonathan
Dcn A.M. Adekanle
Mr A.Il. Oluwasola
Trustee
Trustee
Trustee
Trustee
I"rustee
Trustee
Trustee
Bankers
HSBC Bank PIC
63 George Street
Luton
Beds
LUI 2AP

Christ Apostolic Church New Testament Assembly
Report of the Management Board
For the year ended 31 December 2023
Members of the Management Board, ￿,hO are also the trustees under the charity law, present the
Financial Statements f'or the year ended 31 December 2023.
Responsibility of the Management Board
Charity law requires the Management board as Trustees to prepare financial statements for each
financial year w'hich giiie a true and t.air Triew of the state of the affairs of the charity as at the
balance sheet date and of its incoming resources and application ot'rcsource.s including income and
expenditure for the year ended.
In preparing those financial statements which give a true and fair view, the Management Board
should follow the best practice and:
select suitable accounting policies and then apply them consistently
make judgments and estimates that are reasonable and prudent
state whether applicable accounting standards have been followed, subject to any material
departures disclosed and explained in the tinancial statements
prepare the financial statements on the going concern basis unless it is inappropriate to
assume that the charity will continue on that basis
The Management Board members is responsible for keeping accounting records which disLlose with
reasonable accuracy at any time the financial position of" the charity and to enable them to ensure
that the financial stalements comply with the law.
The Management Board is also responsible t'or safeguarding the assets of the Charity and hence for
taking reasonable steps for the prevention and delection of fraud and other irregularities.

Christ Apostolic Church New Testament Assembly
Report of the Management Board
For the year ended 31 December 2023
Management Board
The Management Board who served during the year up to the date of this report were as follow
Pastc)r S.0. Oluwasola
Pastor E. A Adeosun
F.Idcr A.S.P. Adeusi
DLn O.S. Opoola
Dcn A.L. Jonathan
Dcn A.M. Adekanle
Mr A.H. Oluwasola
Chairnian
Member
Member
Member
Member
Mcmber
Member
The Management Bc)ard dclcgated the day to day operation of the Charity to those concerns.
Election to the Management Board takes place at the AGM by full members of the Church.
Members of" the Management Board have no beneficial interest in the Charity.
Approved by the Management Board on
io
Og-
and signed on its behalf by:_
Pastor S. O. Oluwasola
Chairman
Elder A.
Trustee
.P. Adeusi
.141,:}A.o8
Date.
ILI-.!o-2f

Christ Apostolic Church New Testament Assembly
Balance sheet as at 31 December 2023
2023
2022
Current Assets
Cash at Bank and in Hand
Cash at hand Project (Secured)
2,040.30
1,973.05
Creditors
Unsecured Loan
46.790.00
41,298.78
Total Income
446.920.40
429,878.55
'l-otal Lxpcnditure
445,460.35
427,905.50
Total Balance
44 749.70
39 325.73

Christ Apostolic Church New Testament Assembly
Statement of Financial Activities (Including Income and Expenditure Account)
For the year ended 31 December 2023
l. Incoming Resources
2023
Total
2022
Total
Restricted Unrcstricted
Donations and Grants
D O Covenant (Tithe) Luton
D O C'ovenant (Tithe) Milton Keynes
D O Covenant (Tithe) Northampton
D O Covenant (Tithe) Sandwell
D O Covenant (Tithe) BLdford
D O Covenant (Tithe) Southampton
Offering and Thanksgiving Luton
Offering and Thanksgiving Milton Keynes
Offering and Thanksgiving Northampton
Offering and Thanksgiving Sandwell
Offering and Thanksgiving Bedf"ord
ot"f"ering and Thanksgiving Southampton
Building F"und
Gift from oiher Charities
Personal (iitts/ Donations
Church Anniversaries
Gift Aid Repaynient
Mission Support
Revival/Vows
Help From Above
Mercy Once More
Power of God Never Fails
Loan (Unsecured)
38,180.40 38.180.40
8,574.50
8,574.50
20.832.87
20.832.87
16,433.00
16.433.00
7.170.00
7.170.00
4,506.00
4.506.00
11,608.00
11,608.00
4.380.40
4,380.40
8,270.30
8,270.30
7,810.00
7,810.00
5.140.33
5.140.33
5.840.60
5.840.60
72,000.00
72.000.00
4,430.00
4,4_30.00
7,620.00
7,620.00
12,360.00
12.360.00
66,206,85
66,206.85
102,600.00
7.050.50
6,224.65
4.350.00
3,870.00
21.462.00
36,940.65
7,430.20
18.328.78
14,330.60
6.750.00
5.360.00
10,080.30
3.980.60
7.420.30
7,140.00
4,460.75
5.029.40
30,350.00
3,620.00
6.150.00
12,360.00
65.051.15
151.800.00
6.285.00
5,419.82
3,321.00
3,650.00
14,620.00
102,600.00
7.050.50
6,224.65
4,350.00
3.870.00
21.462.00
Total Incoming Resources
102 600.00 344 320.40 446 920.40 429 878.55

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3. Staff Cost and Numbers
Staff costs were as follo￿'s.
2023
2022
Salaries and Wagyes
National Insurance
Employers N.I.
204.000.00
180,000.00
7,695.55
1,680.25
Total emoluments paid to staff w'ere:
211695.55
181680. 25
No emplo)ree carned more than #60,000 during the year.
The average weekly number of employees, full time equivalent during the year was as t"ollows:
2023
No
14
06
09
2022
Full Time
Part -l.ime
Volunteers
12
06
04
4. Taxation
As a charity, Christ Apostolic Church New Testament Assembly is exempt from tax on income
and gains within section 505 of the Taxes Act 1988 or s256 of the Taxation ot" Chargeable Gains
1992 to the extent that these are applicd to its charitable objects. No tax charges have ariscn in the
charity.
5. Creditors
Unsecured Loan from members
Bounce Back Loan
Total
21.462.00
19.090.87
40,552.87
The payment is below threshold. so no deduction were made for National Insurance

6. Tangible Fixed Assets
Furniture
& Fittings
2023
Total
Building
Equipmcnts
Van
At l January 2023
Additions in Year
Disposals in Year
15,297.99
7,280.00
220.00
220.25
400.00
15,518.24
7.680.00
220.00
At 31 December 2023
22.357.99
620.25
22.978.24
DEPRECIATION
At l January 2023
Within the year
Destroys within the year
Di%p().sals in the year
250.00
250.00
Al 31 December 2023
250.00
250.00
NET BOOK VALUE
At 31 December 2022
At 31 December 2023
15,297.99
22 107.99
220.25
620.25
15,518.24
22 728.24
All tangible fixed assets are used for direct charitable purposes.
7. Analysis of Net Assets between Funds:
2023
2022
Tangible Fixed Assets
22,728.24
15,518.24
Current Assets (Cash at hand)
Unsecured Loan
2.040.30
(46,790.00)
1,973.05
(36,980.84)
Net Assets as at 31 December 2023
-22 021.46
-19 489.55
10