**Charity no 1127025**
## **CAC Mount Joy**
## **Annual Accounts**
**1 January 2020 - 31 December 2020**
**Prepared by DTT Consultancy Ltd**
## **CAC Mount Joy**
I report on the accounts for the year ended 31st December 2020.
## **Structure, Governing & Management**
The Governing document of the charity is the Trust Deed dated 23rd Aug 2007
**Names of Trustees** Mrs Mary Ajani Rev Amos Fashina Mrs Faduola Rev Michael Ojo Pastor Martins Ogunsan Mrs Olawunmi Odudade
All Trustees are appointed by resolution of existing Trustee Body.
**Organisation Structure Objects of the charity**
The Board of Trustees is headed by a Chairman, the Secretary to the Trust, a Trustee member and Financial Administrator. The Trustees are responsible for making all decisions regarding allocation of funds and activities.
The objects of the charity are: the advancement of the Christian faith worldwide and relief of poverty
## **Achievements and Performance**
The above objectives were achieved in this financial year through provision of charitable support in accordance with its objects. This was achieved by making donations to churches in Brazil, Nigeria and Wales.
In furtherance of the objectives the charity invested in its members who have shown commitments, assisted in different capacities in achieving the church’s goal of soul winning and advancing the message of the gospel. This strategies used include outreach activities conducted by inviting the people in the localities to take part in the conference.
## **Specific Investments Powers**
The trustees are empowered to used the income and may use the capital of the trust in promoting the objects in accordance with Charities Act 1993. They can also let and dispose of property of any kind. All investments are in the name of the charity.
**Reserve Policy** Funds that are not required for immediate use be places in accordance with the clause 3:14 of Trust Deed and minimum of £1,000 is to serve as the charity ‘s reserve. The remaining funds at 31 Dec 2020 will be retained to finance the charitable objects and to meet the ongoing expenses. **Grant-making policies** 1 January 2020 - 31 December 2020
## **Review of Transactions and Financial Position**
During the period income of £78,460 (2019 £88,147) was received as donations in the year.
The net movement in the funds for the period, as shown in the statement of financial activities, for the unrestricted funds was a surplus of £22,286 (2019 £3,786). There was no restricted fund in the year. All the long term debts were written off.
The value of church‘s net assets as at 31 Dec 2020 was £31,741 (2019 £28,255)
**Plans for future developments** In the coming year the charity will provide charitable support in accordance with its objects, concentrating on developing plans to contribute more to the alleviation of poverty domestically and internationally. **Statement of Trustees responsibilities** Law applicable to charities in England & Wales requires the trustees to prepare financial statement for each financial year that give a true and fair view of the CAC Mount Joy's incoming resources, application of resources during the year and its state of affairs at the end of the year. In preparing those financial statements we are required to ; **.** Select suitable accounting policies and then apply them consistently; **.** make judgements and estimates that are reasonable and prudent; **.** State weather applicable accounting standards and statements of recommended practice have been followed, subject to any material departure disclosed and explained in the financial statements **.** Prepare the financial statements on the going concern basis unless it is inappropriate to presume that CAC Mount Joy will continue in operation The trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of CAC Mount Joy, which enable them to ensure that the financial statements comply with Charities Act 1993. They also responsible for safe guarding the assets of the CAC Mount Joy PARISH and hence taking reasonable steps for the prevention and detection of fraud and breaches of law an regulation. **Internal control and the mitigation of major risks** The Trustees have identified and reviewed the major risks of the charity and have establish internal controls to mitigate these risk **Independenent Examiner**
The independent examiners is DTT Consultancy Limited.
This report was approved by the Trustees on 14th Oct 2021 and signed on their behalf, by:
…………………………………………………..
**Rev Amos Fashina**
Page 1
## **Independent Examiner's Report to the Trustees of TRUSTEES REPORT FOR THE YEAR ENDED 31st DECEMBER 2020**
I report on the accounts for the year ended 31st December 2020.
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 examination is required. The charity's gross income exceeded £25,000 and I am qualified to undertake the examination by being a qualified member of FCCA. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
- examine the accounts under Section 43 of the 1993 Act
- to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 43(7)(b) of the 1993 Act); and
- to state whether particular matters have come to my attention.
## **Basis of the independent examiner's report**
My examination was carried out in accordance with the General Directions given by the Charity Commission. 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 no opinion is given as to whether the accounts present a 'true and fair view ' and the report is limited to those matters set out in the statements below. 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
- to keep accounting records in accordance with Section 386 and 387 of the Companies Act 2006; and
to prepare accounts which accord with the accounting records, comply with the accounting requirements of Sections 394 and 395 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
## **Tunji Ogedengbe**
Hatfield Hertfordshire AL10 9FF
Date: 14 Oct 2021
Page 2
CAC - Annual Account Jan 20 - Dec 20
|**CAC Mount Joy**|**CAC Mount Joy**|**1127025**||
|---|---|---|---|
|Annualaccountsforthe period||||
|Period start
date|**1st Jan 20**|**31st Dec 20**||
## **I report on the accounts for the year ended 31st December 2020.**
|**Recommended categories by activity**
**Details of**
**own**
**analysis**
Note
**Incoming resources (Note 3)**
**Incoming resources from generated**
**funds**
Voluntary income
S01
Activities for generating funds
S02
Investment income
S03
**Incoming resources from charitable**
**activities**
S04
**Other incoming resources**
S05
S06
**Resources expended (Notes 4-8)**
**Costs of Generating Funds**
Costs of generating voluntary income
S07
Fundraising trading costs
S08
Investment management costs
S09
**Charitable activities**
S10
**Governance costs**
S11
**Other resources expended**
S12
S13
S14
S15
S16
S17
S18
S19
S20
S21
**_Total resources expended_**
**_Total incoming resources_**
**_Total funds carried forward_**
**Total funds brought forward**
**_Net movement in funds_**
**_Net incoming/(outgoing) resources before_**
**_transfers_**
Prior Year Adjustment
charity’s own use
**Other recognised** **gains/(losses)**
**_Net incoming/(outgoing) resources before other_**
**_recognised gains/(losses)_**
**Gross transfers between funds**|**Unrestricted funds**
**Total this**
**year**
**Total last year**
**£**
**£**
**£**
F01
F04
F05|**Unrestricted funds**
**Total this**
**year**
**Total last year**
**£**
**£**
**£**
F01
F04
F05|**Unrestricted funds**
**Total this**
**year**
**Total last year**
**£**
**£**
**£**
F01
F04
F05|
|---|---|---|---|
||-|-|-|
||78,460|78,460|88,147|
||-|-|-|
||-|-|-|
||-|-|-|
||-|-|-|
||78,460|78,460|88,147|
|||||
||-|-|-|
||37,575|37,574.99|61,965|
||-|-|-|
||-|-|-|
||18,599|18,598.95|22,396|
||-|-|-|
||-|-|-|
||56,174|56,174|84,361|
||22,286|22,286|3,786|
||-|-|-|
||22,286|22,286|3,786|
|||||
||-|-|-|
||18,800
-|18,800
-|20,314
-|
||3,486|3,486|16,528
-|
||28,255|28,255|44,783|
||31,741|31,741|28,255|
Page 3
## **Section B Balance sheet**
|**Tangible assets (Note 9)**
**Investments (Note 10)**
**_Total fixed assets_**
**Current assets**
**Stock and work in progress**
**Debtors (Note 11)**
**(Short term) investments**
**Cash at bank and in hand**
**_Total current assets_**
**Creditors: amounts falling due**
**within one year (Note 12)**
**_Net current assets/(liabilities)_**
**_Total assets less current_**
**_liabilities_**
**Creditors: amounts falling due**
**after one year (Note 13)**
**Provisions for liabilities and**
**charges**
**_Net assets_**
**Funds of the Charity**
**Unrestricted funds**
Prior Year Adjustment
**Restricted income funds (Note 14)**
**Endowment funds(Note 15)**
**_Total funds_**
Signed by|Note
B01
B02
B03
B04
B05
B06
B07
B08
B09
B10
B11
B12
B13
B14
B15
B16
B17
B18
B19|**Unrestricted funds**
**£**
F01|**Total this year**
**Total last year**
**£**
**£**
F04
F05|**Total this year**
**Total last year**
**£**
**£**
F04
F05|
|---|---|---|---|---|
|||1,000|1,000|1,000|
|||-|-|-|
|||-|-|-|
|||1,000|1,000|1,000|
||||||
|||-|-|-|
|||21,500|21,500|21,000|
|||780|780|-|
|||8,761|8,761|6,555|
|||31,041|31,041|27,555|
||||||
|||300|300|300|
||||||
|||30,741|30,741|27,255|
||||||
|||31,741|31,741|28,255|
||||||
|||-|-|-|
|||-|-|-|
||||||
|||31,741|31,741|28,255|
||||||
|||31,741|31,741|28,255|
||||-||
||||-||
||||-||
||||||
||B20|31,741|31,741|28,255|
|||Signature|Date of approval
Print Name||
||||Rev Amos Fashina|14-Oct-21|
||||||
Page 4
## **Section C Notes to the accounts**
## Note 1 **Basis of preparation**
I report on the accounts for the year ended 31st December 2020.
_**This section should be completed by all charities** ._
## **1.1 Basis of accounting**
These accounts have been prepared on the basis of historic cost (except that investments are
- Accounting and Reporting by Charities – Statement of Recommended Practice (SORP 2005);
- and with*
or
Accounting Standards; Financial Reporting Standards for Smaller En
- and with the Charities Act 1993.
[** except for the following]. _**Give details in this box if a different standard has been followed.**_
* -Tick as appropriate:
if all relevant disclosures shown in the pack have been given then please tick “Accounting
if disclosures completed in these accounts have been restricted to those required by the FRSSE,
** - If no departures from the chosen standards have been made then delete these words; otherwise give
## **1.2 Change in basis of accounting**
There has been no change to the accounting policies (valuation rules and methods of
§ if no changes have been made to accounting policies then delete these words.
## **1.3 Changes to previous accounts**
No changes have been made to accounts for previous years
Page 5
**Section C Notes to the accounts (con**
## **Note 2 Accounting policies**
## _**I report on the accounts for the year ended 31st December 2020.**_ **INCOMING RESOURCES**
**Recognition of incoming** These are included in the Statement of Financial Activities (SoFA) when: **resources** the charity becomes entitled to the resources; the trustees are virtually certain they will receive the resources; and the monetary value can be measured with sufficient reliability. Where incoming resources have related expenditure (as with fundraising or **Incoming resources with related** contract income) the incoming resources and related expenditure are reported **expenditure** gross in the SoFA. **Grants and donations** Grants and donations are only included in the SoFA when the charity has unconditional entitlement to the resources. Incoming resources from tax reclaims are included in the SoFA at the same time **Tax reclaims on donations and gifts** as the gift to which they relate. **Contractual income and performance** This is only included in the SoFA once the related goods or services have been **related grants** delivered. Gifts in kind are accounted for at a reasonable estimate of their value to the **Gifts in kind** charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SoFA as incoming resources when receivable. **Donated services and facilities** These are only included in incoming resources (with an equivalent amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material _._ The value placed on these resources is the estimated value to the charity of the service or facility received. The value of any voluntary help received is not included in the accounts but is **Volunteer help** described in the trustees’ annual report. **Investment income** This is included in the accounts when receivable. **Investment gains and losses** This includes any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.
## **EXPENDITURE AND LIABILITIES**
|**Liability recognition**|Liabilities are recognised as soon as there is a legal or constructive obligation|
|---|---|
||committing the charity to pay out resources.|
|**Governance costs**|Include costs of the preparation and examination of statutory accounts, the costs|
||of trustee meetings and cost of any legal advice to trustees on governance or|
||constitutional matters.|
|**Grants with performance conditions**|Where the charity gives a grant with conditions for its payment being a specific|
||level of service or output to be provided, such grants are only recognised in the|
||SoFA once the recipient of the grant has provided the specified service or|
||output.|
|**Grants payable without performance**|These are only recognised in the accounts when a commitment has been made|
|**conditions**|and there are no conditions to be met relating to the grant which remain in the|
||control of the charity.|
|**Support Costs**|Support costs include central functions and have been allocated to activity cost|
||categories on a basis consistent with the use of resources, eg allocating property|
||costs by floor areas, or per capita, staff costs by the time spent and other costs|
||by their usage.|
|**ASSETS**||
|**Tangible fixed assets for use by**|These are capitalised if they can be used for more than one year, and cost at|
|**charity**|least £500. They are valued at cost or a reasonable value on receipt.|
|**Investments**|Investments quoted on a recognised stock exchange are valued at market value|
||at the year end. Other investment assets are included at trustees' best estimate|
||of market value.|
|**Stocks and work in progress**|These are valued at the lower of cost or market value.|
Page 6
**Section C Notes to the accounts (cont)**
## **Note 3 Analysis of incoming resources**
|**Activities for generating funds**
**Investment income**
**Incoming resources from**
**charitable activities**
**Voluntary income**|**Analysis**|**This year**
**Last year**
**£**
**£**|**This year**
**Last year**
**£**
**£**|
|---|---|---|---|
||Donationsfrom Members|78,460|88,147|
||**Total**|78,460|88,147|
|||||
|||-|-|
|||-|-|
|||-|-|
|||-|-|
|||-|-|
||**Total**|-|-|
|||||
|||-|-|
|||-|-|
|||-|-|
|||-|-|
|||-|-|
||**Total**|-|-|
|||||
|||-|-|
|||-|-|
|||-|-|
|||-|-|
|||-|-|
||**Total**|-|-|
Page 7
**Section C Notes to the accounts (c**
## **Note 4 Analysis of resources expended**
|**Charitable activities**
**Governance costs**
**Investment management costs**
**Costs of generating voluntary**
**income**
**Fundraising trading costs**|**Analysis**|**This year**
**Last year**
**£**
**£**|**This year**
**Last year**
**£**
**£**|
|---|---|---|---|
||Stationery and printing|191|438|
||Wages & Salaries|13,572|13,633|
||Conference|-|860|
||Rent|12,333|26,692|
||Choir|-|487|
||Honourarium|-|150|
||Bank Charges|96|331|
||Telephone and Fax|1,269|802|
||Office exp|712|120|
||Insurance|2,641|2,915|
||Travel|1,854|6,126|
||Office Equipment/Furniture|619|600|
||Training|-|538|
||Motor Van Exp,Repairs and|1,200|3,408|
||Hospitality|80|429|
||Professional fee|-|1,945|
||Storage|-|1,115|
||Other|211|203|
||Building|2,368|303|
||AccountancyFees|300|300|
||Adverts|130|570|
||**Total**|37,575|61,965|
|||||
|||-|
-|
|||-|
-|
|||-|
-|
|||-|
-|
|||-|
-|
||**Total**|-|-|
|||||
|||-|
-|
|||||
|||-|
-|
||**Total**|-|-|
|||||
||Retreat|-|150|
||Gift|2,440|4,595|
||Welfare|100|120|
||Evangelism|150|-|
||Mission Nigeria|1,468|850|
||Mission Russia|44|1,467|
||Mission|14,397|15,214|
||**Total**|18,599|22,396|
|||||
|||-|-|
|||-|-|
|||-|-|
||**Total**|-|-|
Page 8
**Section C Notes to the accounts (cont)**
## **Note 5 Support Costs**
|**Support cost type**|**Fundraising**
**activity**
**£**|**Charitable Activity**
**£**|**Governance Activity**
**£**|**Total Cost**
**£**|
|---|---|---|---|---|
||-|-|-|-|
||-|-|-|-|
||-|-|-|-|
||-|-|-|-|
||-|-|-|-|
||-|-|-|-|
||-|-|-|-|
|**Total**|-|-|-|-|
## **Note 6 Details of certain items of expenditure**
|**Thisyear**
**Lastyear**
**£**
**£**
**This year**
**Last year**
**£**
**£**
300
300
**Other fees (for example: advice, consultancy, accountancy**
**_Please provide details of the amount of any payment or reimbursement of out-of-pocket expenses made to_**
**Number of trustees** **who were paid expenses**
**Nature of the expenses**
**Total amount paid**
**_Please provide details of the amount paid for any statutory externalscrutiny of accounts and other_**
**Independent examiner’s or auditors' fees for reporting on the**
**6.2 Fees for examination or audit of the accounts**
**6.1 Trustee expenses**|**Thisyear**
**Lastyear**
**£**
**£**
**This year**
**Last year**
**£**
**£**
300
300
**Other fees (for example: advice, consultancy, accountancy**
**_Please provide details of the amount of any payment or reimbursement of out-of-pocket expenses made to_**
**Number of trustees** **who were paid expenses**
**Nature of the expenses**
**Total amount paid**
**_Please provide details of the amount paid for any statutory externalscrutiny of accounts and other_**
**Independent examiner’s or auditors' fees for reporting on the**
**6.2 Fees for examination or audit of the accounts**
**6.1 Trustee expenses**|**Thisyear**
**Lastyear**
**£**
**£**
**This year**
**Last year**
**£**
**£**
300
300
**Other fees (for example: advice, consultancy, accountancy**
**_Please provide details of the amount of any payment or reimbursement of out-of-pocket expenses made to_**
**Number of trustees** **who were paid expenses**
**Nature of the expenses**
**Total amount paid**
**_Please provide details of the amount paid for any statutory externalscrutiny of accounts and other_**
**Independent examiner’s or auditors' fees for reporting on the**
**6.2 Fees for examination or audit of the accounts**
**6.1 Trustee expenses**|
|---|---|---|
||**Thisyear**|**Lastyear**|
||||
||||
||**£**|**£**|
||**_scrutiny of accounts and other_**||
||**This year**
**£**|**Last year**
**£**|
||300|300|
||||
Page 9
Dec-20
## **Section C Notes to the accounts (cont)**
## **Note 9 Tangible fixed assets**
## **9.1 Cost or valuation**
|Balance brought forward
Additions
Revaluations
Disposals
Transfers *
Balance carried forward
****Basis**
**** Rate**
Balance brought forward
Depreciation charge for year
Impairment provisions
Revaluations
Disposals
Transfers*
Balance carried forward
Brought forward
Carried forward
**9.3 Net book value**
**9.2 Accumulated depreciation and**|**Church Bus**
**£**|**Other land &**
**buildings**
**£**|**Plant, machinery**
**and motor vehicles**
**£**|**Fixtures, fittings**
**and equipment**
**£**|**Total**
**£**|
|---|---|---|---|---|---|
||2,000|-|-|11,862|13,862|
||-|-|||-|
||-|-|-|-|-|
||-|-|-|-|-|
||-|-|-|-|-|
||2,000|-|-|11,862|13,862|
||SL or RB
SL or RB
SL or RB
SL or RB
**impairmentprovisions**|||||
||1,000|-|-|11,862|12,862|
|||-|||-|
||-|-|-|-|-|
||-|-|-|-|-|
||-|-|-|-|-|
||-|-|-|-|-|
||1,000|-|-|11,862|12,862|
|||||||
||1,000|-|-|-|1,000|
||1,000|-|-|-|1,000|
## **9.4 Revaluation**
_**If any fixed assets have been revalued please give details of the valuer and method of valuation**_
_* The "transfers" row is for movements between fixed asset categories._
_** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also please indicate the rate of depreciation: for straight line, what is the anticipated life of the asset (in years); for reducing balance, what is the percentage annual deduction._
Page 10
## **Section C Notes to the accounts (**
## **Note 11 Debtors and prepayments**
|**Analysis of debtors**
**Trade debtors**
**Amounts due from subsidiary and**
**associated undertakings**
**Other debtors**
**Prepayments and accrued income**
**Total**|**Amounts falling due within**|**Amounts falling due within**|**Amounts falling due after more**|**Amounts falling due after more**|
|---|---|---|---|---|
||**This year**
**£**|**Last year**
**£**|**This year**
**£**|**Last year**
**£**|
||21,500|21,000||-|
||
-|-|-|-|
||||-|-|
||-|-|-|-|
||21,500|21,000|-|-|
## **Note 12 Creditors and accruals**
## _**Please complete this note if the charity has any creditors or accruals.**_ **12.1 Analysis of creditors**
|**Loans and overdrafts**
**Trade creditors**
**Amounts due to subsidiary and**
**associated undertakings**
**Other creditors**
**Accruals and deferred income**
**Total**|**Amounts falling due within**|**Amounts falling due within**|**Amounts falling due after more**|**Amounts falling due after more**|
|---|---|---|---|---|
||**This year**
**£**|**Last year**
**£**|**This year**
**£**|**Last year**
**£**|
|||-|-|-|
|||-||-|
||-|-|-|-|
||300|300|-|-|
||-|-|-|-|
||300|300|-|-|
## **12.2 Security over assets**
_**If any loan, overdraft or other creditor holds a charge or other security over any assets of the**_
Page 11