2022-12-31-accounts - Christ Apostolic Church Mount Joy

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Charity no 1127025

CAC Mount Joy

Annual Accounts

1 January 2022 - 31 December 2022

Prepared by DTT Consultancy Ltd

CAC Mount Joy

I report on the accounts for the year ended 31st December 2022.

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 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. Objects of the charity

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 2021 will be retained to finance the charitable objects and to meet the ongoing expenses. Grant-making policies 1 January 2022 - 31 December 2022 Review of Transactions and Financial Position During the period income of £75,647 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 income of £1,448. 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 2022 was £27,997 (2021 £26,548)

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 Tunji Ogedengbe

This report was approved by the Trustees on 1st March 2023 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 2022

I report on the accounts for the year ended 31st December 2022.

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 DTT Consultancy Ltd

Hatfield Hertfordshire AL10 9FF

Date: 01st March 2023

Page 2

CAC - Annual Account Jan 22 - Dec 22

CAC Mount Joy	CAC Mount Joy	1127025
Annualaccountsforthe period
Period start date	1st Jan 22	31st Dec 22

I report on the accounts for the year ended 31st December 2022

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
-	-	-
75,647	75,647	82,392
-	-	-
-	-	-
-	-	-
-	-	-
75,647	75,647	82,392

-	-	-
53,681	53,680.63	47,101.75
-	-	-
-	-	-
20,518	20,517.72	40,482.54
-	-	-
-	-	-
74,198	74,198	87,584
1,448	1,448	5,192 -
-	-	-
1,448	1,448	5,192 -

-	-	-
-	-	-
1,448	1,448	5,192 -
26,548	26,548	31,741
27,997	27,997	26,548

Page 3

Section B Balance sheet

Unrestricted funds £ F01	Total this year Total last year £ £ F04 F05	Total this year Total last year £ £ F04 F05
-	-	500
-	-	-
-	-	-
-	-	500

-	-	-
21,300	21,300	21,000
	-	-
6,997	6,997	5,348
28,297	28,297	26,348

300	300	300

27,997	27,997	26,048

27,997	27,997	26,548

-	-	-
-	-	-

27,997	27,997	26,548

27,997	27,997	26,548
	-	-
	-	-
	-	-

27,997	27,997	26,548

Signature	Date of approval Print Name
	Rev Amos Fashina	01-Mar-23

Page 4

Section C Notes to the accounts

Note 1 Basis of preparation

I report on the accounts for the year ended 31st December 2022.

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*

 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 2022. 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

Analysis	This year Last year £ £	This year Last year £ £
Donationsfrom Members	75,647	82,392
Offering
Thanksoffering
Buillding
Other
Total	75,647	82,392

	-	-
	-	-
	-	-
	-	-
	-	-
Total	-	-

	-	-
	-	-
	-	-
	-	-
	-	-
Total	-	-

	-	-
	-	-
	-	-
	-	-
	-	-
Total	-	-

Page 7

Section C Notes to the accounts (cont)

Note 4 Analysis of resources expended

Analysis	This year Last year £ £	This year Last year £ £
Stationeryandprinting	-	-
Wages & Salaries	11,925	11,476
Conference	1,837	-
Rent	19,514	-
Choir	-	141
Repairs & Maintenance	100	-
Professionla Fees	200	-
Van Fuel	2,172	-
Bank Charges	222	72
Telephone and Fax	775	603
Office exp	1,109	690
Insurance	786	643
Travel	2,517	8,304
Multimedia	144	288
Training	-	-
Motor Van Exp,Repairs and	5,817	1,612
Hospitality	30	647
Depreciation	500	500
Storage	129	-
Other		2,965
Building	5,187	18,711
AccountancyFees	300	450
HMRC	417	-
Total	53,681	47,102

	-	-
	-	-
	-	-
	-	-
	-	-
Total	-	-

	-	-

	-	-
Total	-	-

Retreat	-	-
Gift	1,427	1,694
Welfare	200	800
Evangelism	450	-
Mission Nigeria	1,100	23,495
Covid	87	679
Mission	17,254	13,815
Total	20,518	40,483

	-	-
	-	-
	-	-
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

6.1 Trustee expenses

Thisyear Lastyear £ £ This year Last year £ £ 300 300 6.2 Fees for examination or audit of the accounts 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	Thisyear Lastyear £ £ This year Last year £ £ 300 300 6.2 Fees for examination or audit of the accounts 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	Thisyear Lastyear £ £ This year Last year £ £ 300 300 6.2 Fees for examination or audit of the accounts 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
	Thisyear	Lastyear


	£	£
	*scrutiny of accounts and other*
	This year £	Last year £
	300	300

Page 9

Dec-22

Section C Notes to the accounts (cont)

Note 9 Tangible fixed assets

9.1 Cost or valuation

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
1,500	-	-	11,862	13,362
500	-			500
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
2,000	-	-	11,862	13,862

500	-	-	-	500
-	-	-	-	-

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 (cont)

Note 11 Debtors and prepayments

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 £
21,300	21,500		-
-	-	-	-
		-	-
-	-	-	-
21,300	21,500	-	-

Note 12 Creditors and accruals

Please complete this note if the charity has any creditors or accruals. 12.1 Analysis of creditors

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