CHRIST APOSTOLIC CHURCH HARVEST MISSION 18 STOCKER GARDEI NS DAGENHAM ESSEX RM9 4HL CHARITY REG. NUMBER 1116525 FINANCIAL STATEMEINTS FOR THE YEIAR ENDED 31ST MARCH 2024
CHRIST APOSTOLIC CIWRCH HARVEI ST MISSION LECAL AND ADMINISTRATIVE INFORMATION TRUSTEES: Pastor Matthew Sunday Jegede (Chair) Pastoi" Festus Tunji Ogunyomi LVangeli$1 Christianah Oluwatoyin Jeg¢d¢ (Mrs) Mrs Cecilia Faleru SII CRCI TARY. Mrs Cecilia Faleru CHARITY NUMBER: 1116525 Rk ISTERLD OFFICC: 18 STOCKER GARDNS DAGENHAM RM9 4HL BANKERS: BARCLAYS BANK PLC 2231224 Ryf LANE PECKHAM RYE LONDON SE15 4TX UN DANIEL FAMOK & AS&iOCIATES ACCOUIYTANTS & FINAIYCIAL CONSULTANTS IINIT 209 1'IIDORLEAb BIISIIYESS CENI'RE 2-8 FOUNTA YNE ROAD, LONDON 1.$4QL CONTCI NT: l. Trustees, Report 2. Iiidependent examiner's Report 3. Statement of Financial Activities 4. Balance Sheet 5. Notes to the Accounts
CHRIST APOSTOLIC CHURCH HARVEST MTSSION I'IILS'I'E ' IILPORT Thc Trlislees have pleasiire siibmilliiig their Accoiints and Reporls for tlic year ended 31 sl March 2024 Tbe finai)cial statLmeiils limvc bL'¢n PlfPalL.d in uL¢oi'duiice ivith tlie accountiiig policiLS SLI out c)ii pagyes 5 10 7 and comply willi Siaienieiii ol-Recoinniei)ded Praclice (SORP 2015) and the applicable law. Constitiition ob"ectives and rlncl al acllvltles of the chari to otlier ivitli oi. nisation of oui. iyork. 'I'b¢ cliai'ily Is ¢onslitsif¢d undcr a Constitutioii dated 3rd AILgllSt 2006 a5 ain¢iid¢d 011 5th October 2006 and is a I'egislei'ed chariiy nLiinbei- 1116525 Tl)e objLCtive8 of tlie chai'Lty as set out iii the Coiislitutioii ar¢ (a) The odvaiiceiii¢i)l of Ihe Christian t.aiih and (b) Tlie i'elief of pei'soiis wlio are in Loiiditi()ns of l)ai'dship oi. distress or who are aged. 8Ack or disablL'd. (c) The proiiioiion of fiilfilnienl of such oihei. cliarilable purpose.8 beneficial lo Ilie coiiiii)unily. The Trust was iiivolved in Chi'istillii outi'each pro¥i'¢immcs designed io inci'eas¢ Chi'istian aVrenC$% and si)read Ilie gospel of our Lord Jesus Clll'ist, Di'J'LIo ment aetiylties aDd achlevemcnt$ In the eai. 'ri)i Triislccs al'c i)Icascd lo report Ilial ihe Chiirch contiiiued lo b¢ sucLcssful spiritually by Iiiinisl¢rii)g lo iiiany peoplc. The churcli lias iiiipi'oved in ils nieii)bership slrenglh and 18 inci'ea8ingly reacliing oiii 10 the coniinunily. TIIL ¢liurili cari'iL'd out Inaiiy Lvaiig¢liLdl progyrdnitnes during the fii)ancial year sucli as Victory Saiiirday s¢rvic¢, Sunday School R¢vieivs and scniinars ai))ong oihers. The i)iiiiisithial lefiin has i)lfinn¢d oui Klivilies for ihe next year which includ&s ChrisiiAn fjaihering and Coiif¢renc¢J. Rlsk Pollc 1'he'l'iuslees lifjve assessed the mojor risks lo which Ihe ChRrily is expnsed PQNi¢ulgrly Iliose relating tv the op¢iHtioiis und fittance ond are solisfi¢d iviih Ilie i'isk mtsnag¢m¢nl Syste)$ in plaLe lo niitigale th¢ risk exp%re lo Ihe Cl)oi'ity. RLivieiY oft. the fiiiAneilll ositlon Tlic nel incon)ingi I'esoiii'ces foi. Ilie year Anlounted io a SLirplw8 of£5,776 (2023 was a siiiylus of£4465) and all of ivhich die ulloLJtcd to Ilic unrcstricted r¢scrves of the cliarity. Iloard of 'frustees Tl)L' niembei's of Ihe bonrd of trustees during rhe year iverc Pastoi. Mi allhcw Sunday Jcgcde (Chaii.) Pastor Fesliis 'l"Lliiji Ogunyoini Lady Evanselisl Christianrfih Oluwatoyin Jegede {Mrs) Mrs Cecilia fdlci'u APPROVAL This I'cpot'l was given approval by the board of ti'ustees on the 30th January 2025 and signed on its behair Se¢retaYy . Mrs Cecilia Faleru
INDEPENDENT EXAMINER'S REPORT TO 'fHk TRUSTELS OF CHRIST APOSTOLIC CHURCH HARVEST MISSION CHARITY NUMBER 1116525 FOR THK YEAR ENDED 31ST I[ARcH 2024 I report on the accounts of the Trust for year ended 31 st March 2024, which are set out on pages 3 to 8 RESPECTIVE RESPONSIIIILITIES OF TRUSTEES AND EXAMINER Tlie charity trustees are responsible for the pr¢paralion of the accounts.The charity's trustees consider that an audit is Iiot I'equired for this year under 5tIOn 144 (2) of the Charities Act 2011 (the 201 l Act) aiid th4t un independ¢nt ¢xaininatlOn Is n¢¢d¢d, It is my i'esponsibility to examine the accounts under section 145 of the 201 l Act, follow ilie procedures laid down in the general Direclions given by Ihe Charity Commission under section 145 (5) (b) of the 2011 Act. and slate wheth¢i' particular Inatters have come to my att¢nÉion. BASIS OF INDEPCI NDCI NT EX MINER'S REP RT My examination was carried out in accoi'dance with th¢ g¢neral Directions given by the Charity Commission. An examination includes a r¢vt¢w of th¢ accounting Tecords kept by the charity and a comparison of the accounts pirsented with those records. It also includes consideralion of any uiiusual items or disclosures in the accounis, and seeking explanations from you as trustees conceming any such matters. The proc¢dur¢s undertaken do not provide all Ihe evidence that would be required in an audit and consequently no opinion is given as to wheihei. the accounts present a'true and fair, view and ihe I'eport is limited to those matters set out in the slalement below. INDLI PENDENT EXAMINER'S STATEMENT In connection with my examinatioii, no matter has come to my attenlion :. l ) which gives me reasonable cause io believe that in any material i'espect Ihe requirements: lo keep accountin8 records in accordance wilh section 130 of the 2011 Act. and to prepare accounts which ae¢ord with the accounting records and comply accounting r¢quir¢m¢nts of the 2011 Act have not been met. or 2) to pinion, a reached. n should awn in order to enable a proper understanding of th¢ MRD. . FAMA Sc, FCA ) DANIFL FAMOK & ASSOCIATES ACCOUNTANTS & FINANCIAL CONSULTANTS UNIT 209 TUDORLEAF BUSINESS CENTRE, LONDON 2-8 VOUNTAYNI ROAD, N15 4QL. 30th January 2025
CHRIST APOSTOLIC CHIIRCH HARVEST MISSION STAI'EM L,YT OF FINANCIAL AcfiviTIES FOR THI YEAR ENDED 31ST MARCH 2024 Notes UnYes¢ricted Funds Restricted Total Total Funds Mar-24 Mar-23 INCOMING RESOURCES Incoiiiing Re.I'niivcesfi'oDi genei'atedfiinds Voluntaiy Income Investment Income HMRC Gift Aid Tax Reclaims IncoiNing Resoiliresfil1l Charilable Aclivilies Oiher InGuming Resoiirces 30,530 30.530 41,929 12,733 12,733 13,740 14,542 14,542 8,119 Total Incomlng Resources 57,805 57,805 63,788 RESOURCIIS EXPENDED Chai'ilable Aclivili49 49,540 49,540 56,804 Governon¢¢ cosls 2,489 2,489 2,520 Total I'esources expended 52,029 NKT MOVEMENT IN FUNDS 5.776 5,776 4,465 RECONCILIATION OF FUNDS Total fuiJd5 brought forward 20,220 20,220 15,755 Total fuiids carrled forward 20,220 There wei-e no recognised gains or losses for the year olher than Ihose included in the Stateinent of Financial Activities. All incoming resources and resources expended derive from continuing activities, The notes on Pages 5 to 8 form part of these accounts.
CHRIST APOSTOLIC CHURCH HARVEST MISSION BALANCE SHEET AS AT 31ST ARCH 2024 Notes 2024 2023 ri IXED ASSEI'S rangible kixed Ass¢ts 1,688 2,251 CURRFN'I. ASSFTS l)ebiors C.u811 at B¢ink and iji Haiid 14.050 11,208 11,300 7,569 25,2551 LEI SS CRLDI'I'ORS: Anloiiiits falliiig dil¢ wilhiii on¢ year 950 900 NL'I" CURRLI Nl. ASSL'I'S 24,308 17,969 T()TAL ASSETS LESS LIABILITIES 25,996 20,2211 REPRESEIYTED BY: UiirLstriL'lcd Fuihds Rcsli'icled Fiinds 25,996 20,220 10 Approi'e(I by the Board of Trustees oft the 30th J4niiary 2025 and slgned on Itg belialf by . Pastor Mat heiv Sunday Jegede (Trustee)
CHRIST APOSTOLIC CHURCH HARVFST MISSION NOTES TO TIIE FINANCIAI, STATEMENTS FOR THE YEIAR ENDED 31ST MARCH 2024 I. ACCOUNTING POLICIES The financial statements have been prepared iii accordance with the accounting policies set out in notes to the accounts and comply with the charity's governing document, the Charities Act 201 l and Accounting and Reporting by Charities: Stateinent of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standai'd applicable in the UK and Republic of Ireland published on 16th July 2014. 1.1 Incomlng Resourees Buildin Funds Income fi'om donations for building are includ¢d in voluntary incoming resourc¢s of restricted funds on receipt. Vollluta Income Incoin¢ fi'oiii tilhes aiid offerings collected are included in voluntary incoming resources when these ar¢ receivable. Gift Aid Tax Re ment Claim Tax i'epaymenls due from HM Revenue & Customs in respect of Inembers, giving are included in incomiiig i'esources and iE$tricled for building funds when received. ()tlier Income Tl)ese comprises other miscellaneous income and are aecounted for in the period in which il is entitled. ncomc from Charitable Activitles Tl)cse are Ghi'istian books and Inalei'iiils sold io church members and all of which are included in unrestt'icted funds wlien received. Inveytment Income InvestinLnl Ii)come Consist of net interest received during the year and accounted as unrestricted fund. Cash flow stydtement The Charity has taken advaniage of tlie ex¢mption in financial Reporting Standard No l from the requii'ements to produce a cashflow statement on the grounds that it qualifies as a stnall charity. 1.2 Resources expended Re50ur¢es expended are included in the Statement of Financial Activitie5 on accrual bases, inclusive of any value added tax (VAT) which cannot be recovered. Certain expenditure are attributable to specific aclivities and have been included in those c05t categories.
CllllIST APOSTOLIC CHURCH IIARVEST MJS.SION NOTCI S TO THE FINANCIAL STATLMFNTS CONTINUE¢D FOR THE YEAR LNDED 31ST MARCH 2024 1.3 Tanglble Fixed Assets for use by the chai'ity and DepreciatlOD Tanglble fixed assets for use by the Charity are stated at cost less depreciation. Depi'eciRtion is calculated to write off the cosi less estimated residual value of fixed assets, over their estiinated useful lives on the following basis: Equipment, Fixtures & Fittings 250/0 per annum. Motor Vehicles 25% per annuin. Unrestricted lestricted nresti'icted Fuiid Fund riiind Mar-24 Mar-24 Mai'.2 2. CHAIUTABLE ACTIVITJEIS Pastoral Allowances Evangelism & Overseas Missions Honoraria and gifts Hall Rental, Storage and Service Charges Donations to Other Charities Members, Welfare, Support & Benevolence Printing, Postage and Stationery Travelling & Motor Expenses Advert, Publicity & Mcdia cosls Church Decoration & Renovation Bank Charges & Interest Church Materials & Consumables Volunteers, & Workers, Expenses Equipments Repair & Renewals Depreciation of fixed assets Telephone & fax 875 5,229 1,350 25,246 135 5,160 818 2.170 2,400 3,250 1.375 810 5,015 27,362 30 8,550 670 796 1,066 8,810 85 751 2,538 563 1,278 49,540 56,804 3. GOVEI RNANCE COSTS 2024 2023 Legal and professional fees Bookkeeping and Accountancy 1.589 1.670 850 2,489
CHRIST APOSTOLIC CHURCH HARVFST MISSION NOTES TO THE FINANCIAI, STATEMENTS CONTINUED FOR THE YEAR ENDED 31ST MARCH 2024 4. NET MOVEMENT IN FUNDS FOR THE YEAR 2024 2023 The net movement in funds for the year is stated after charging . Depreciation of tangible fixed assets- for use by the charity Accountancy fee 563 900 751 850 5. TRUSTEI ES, REMUNERATION No Trustee has had expenses reimbursed in the year. There is no staff whose emoluinents exceeded £60,000 during the year 6. TANGIBI.E rtIXED ASSETS IIIP FIX Fl'rriNGS R TOTAL EHICLE 2024 TOTAL 2023 COST As At 1st April 2023 Additions during the y¢ar As At 31 st March 2024 24.344 4,766 29,110 28,610 24J44 4,766 29,]10 28,010 Dfi.PREI CIATION As At 1st April 2023 Chai'ge t'or the year As At 3 1st March 2024 22,093 563 22,656 4.766 26,859 563 27,422 23,773 1,001 24,774 4,766 Net Book Value At 31st March 2024 1,688 Net Book Value At 31st March 2023 7. DEBTORS: AM()IJNT FALLtNG DUE WITHIN IYR 2024 2023 Security Rent Deposit Sundry Debtors - Bills Receivable 5.300 8,7.SQ 14,0.$0 5,300 6,000 iiJo
CHRIST APOSTOLIC CHURCH HARVEST MI.S%JON NOTES TO THF. FINANCIAL STATEMIINTS CONTINUED FOR THE YKAR ENDED 31ST fiIARCH 2024 8. CREDITORS:AMOUNT FALLtNG DUE WITHIN J 2024 2023 Accruals 950 950 900 900 9. UNRESTIUCTED FUNDS OF THE CHARITY Unreslricted Fund Total 2024 Balance at I st April 2023 Movement in the funds for the year Balance at 3 1st March 2024 20,220 5,776 25,996 15,755 4,465 20,220 Buildin Funds Total 2024 10. REI STRICTED FUNDS Balance at Isl April 2023 Movement in the funds for the year Balaiice at 3 1st March 2024 11. AIYALYSIS OF NEI T ASSETS BETWEI EN FUNDS Unrestricted Restricted riullds Funds Total 2024 Tangible fixed assets Net Current Assets 1.688 24,307 25,996 1,688 24,307 25,996