| LEGAL AND ADMINISTRATIVE INFORMATION |
LEGAL AND ADMINISTRATIVE INFORMATION |
|---|---|
| TRUSTEES: | Pastor Yisa Olufemi Sanni (Chair) |
| Evangelist (Mrs) Roseline A. Sanni-Ajose (Chair) |
|
| Ms Bolakale Grace Olatunji | |
| Mr Kolawole Ajose | |
| Mrs Ogunsanya Olufunso |
|
| SECRETARY: | Ms Bolakale Grace Olatunji |
| CHARITY NUMBER: | 1129511 |
| BANKERS: | LLOYDS TSBBANK PLC |
| SILVERSTREET,ENFIELD | |
| MIDDLESEX | |
| ACCOUNTANTS: | DANIEL FAMOK &ASSOCIATES |
| ACCOUNTANTS &FINANCIAL CONSULTANTS |
|
| UNIT 209,SECOND FLOOR | |
| TUDORLEAF BUSINESS CENTRE, | |
| 2-8 FOUNTAYNE ROAD, LONDON | |
| N15 4QL | |
| CONTENT: | 1.TRUSTEES' REPORT |
| 2.STATEMENT OF FINANCIAL ACTIVITIES | |
| 3.BALANCE SHEET | |
| 4.NOTES TO THE ACCOUNTS |
| Notes | Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|---|
| Funds | Funds | 2023 | 2022 | |||
| INCOMING RESOURCES | 1.1 | |||||
| Incoming Resources from generated funds | ||||||
| Voluntary Income |
25,937 | 25,937 | 23,471 | |||
| IIMRC Gill Aid tax reclaims | 6,522 | 6,522 | 6,496 | |||
| Incoming Resources from Charitable | Activities | |||||
| Other Incoming Resources | 9,975 | 9,975 | ||||
| Total Incoming Resources | 42,435 | 42,435 | 29,967 | |||
| RESOURCES EXPENDED | 1.2 | |||||
| Charitable Activities |
38,640 | 38,640 | 26,046 | |||
| Governance costs |
1,386 | 1,386 | 1,161 | |||
| Total resources expended | 40,026 | 40,026 | 27,207 | |||
| NET MOVEMENT IN FUNDS | 2,408 | 2,408 | 2,760 | |||
| RECONCILIATION OFFUNDS |
||||||
| Total funds brought forward | (14,993) | 5,127 | (9,866) | (14,331) | ||
| Total funds carried forward |
(12,585) | 5,127 | (7,459) | (11,571) |
| Notes | 2023 | 2022 | ||
|---|---|---|---|---|
| FIXEDASSETS | ||||
| Tangible Fixed Assets | 39,705 | 37,163 | ||
| CURRENT ASSETS | ||||
| Sundry Debtors | 1,045 | 1,045 | ||
| Cash atBank and in Hand | 752 | 770 | ||
| 1,815 | 1,815 | |||
| LESSCREDITORS: | ||||
| Amounts falling due within |
one year | (700) | (550 | |
| NET CURRENT ASSETS | 13 | 1,115 | 1,265 | |
| CREDITORS:- | ||||
| (Amounts falling due atter more than one year) |
(48,279) | (50,000) | ||
| TOTAL ASSETSLESS LIABILITIES | ~7459 | 11572 | ||
| REPRESENTED BY: | 2023 | 2022 | ||
| Restricted Funds | 12 | 5,127 | 5,127 | |
| Unrestricted Funds |
10 | (12,585) | (16,698) | |
| (7,459) | (11,572) |
| 2.CHARITABLE ACTIVIT | IES | 2023 | 2022 |
| Pastoral Allowances | 4,835 | 4,350 | |
| Evangelism &Overseas Missions | 12,498 | 2,018 | |
| Advert, Publicity &Media | 1,037 | 1,036 | |
| Honoraria and gills |
1,423 | 1,700 | |
| Rent and Service Charges | 4,162 | 2,047 | |
| Donations to Other Charities | 260 | 848 | |
| Members' Welfare &Supports |
2,129 | 4,357 | |
| Printing, Postage and Stationery |
1,104 | 1,002 | |
| Electricity and Heating | 1,331 | ||
| Travelling &Motor Expenses | 2,765 | 2,535 | |
| Insurance Premiums |
199 | ||
| Bank Charges and Interest | 1 | ||
| Hospitality, Retreshment &Events |
1,714 | 830 | |
| Security, Health and Cleaning | 240 | ||
| Equipment Repair &Renewals |
1,790 | 2,372 | |
| Depreciation offixed assets | 2,535 | 1,687 | |
| Telephone &fax | 859 | 1,024 | |
| 30 640 | 26046 | ||
| 3.GOVERNANCE COSTS | 2023 | 2022 | |
| Legal and Professional fees |
886 | 811 | |
| Accountancy and Independent |
examinations | 500 | 350 |
| 1,386 | 1,161 |
| CHRIST APOSTOLIC CHURCH | CHRIST APOSTOLIC CHURCH | DEMPTION | CHRISTIAN CENTRE | CHRISTIAN CENTRE | CHRISTIAN CENTRE | |
|---|---|---|---|---|---|---|
| NOTES TO THE FINANCIAL | STATEMENTS | CONTINUED | ||||
| FORTHE YEAR ENDED 31STMARCH 2023 | ||||||
| 4. NET MOVEMENT IN FUNDS FOR THE YEAR | 2023 | 2022 | ||||
| The net movement in funds for the year is stated after charging: |
||||||
| Depreciation oftangible fixed assets- for use by the | charity | 2,535 | 1,687 | |||
| Accountancy Fee |
500 | 350 | ||||
| 5 TRUSTEES' REMUNERATION | ||||||
| No Trustee has had expenses reimbursed | in the year. | |||||
| There is no staff whose emoluments exceeded f60,000 during the year |
||||||
| 6.TANGIBLE FIXEDASSKSTS | MISSION'0 | EIIIIISMENT | TOTAL | TOTAL | ||
| LANDS &DEV | & | FITTINGS | 2023 | 2022 | ||
| 8 | ||||||
| Cost: As at 1st April 2022 | 32101 | 27,140 | 59,241 | 59,241 | ||
| Additions during the year |
3,3900 | 3,390 | ||||
| As at 31stMarch 2023 | 32,101 | 30,530 | 62,631 | 59,241 | ||
| Depreciation: As at 1stApril 2022 |
5127 | 20,391 | 20,391 | 20,391 | ||
| Charged for the year | 2,535 | 2,535 | 1,687 | |||
| As at31stMarch 2023 | 26,974 | 22,926 | 22,926 | 22,078 | ||
| Net BookValue At 31stMarch 2023 | 26,974 | 7,604 | 39,705 | 37,163 | ||
| Net BookValue At 31stMarch 2022 | 26,974 | 6,749 | 38,850 | 38,850 | ||
| 7 DEBTORS:AMOUNT FALLING DUE | WITHIN ONE YEAR | 2023 | 2022 | |||
| Sundry Debtors | 1,045 1045 |
1045 I045 |
| FOR TH | FOR TH | E YEAR ENDED 31STMAR | E YEAR ENDED 31STMAR | CH 2023 | |
|---|---|---|---|---|---|
| 8. CREDITORS: AMOUNT FALLING | DUE WITHIN ONE YEAR | 2023 | 2022 | ||
| Other Creditors | 200 | 200 | |||
| Accruals | 500 | 350 | |||
| 700 | 550 | ||||
| 9.CRKDITORSI Amounts | fallin | due be ond one | ear | 2023 | 2022 |
| LKBusiness Bounce Back | (BBL)Loans | 48,279 | 50,000 | ||
| 40 279 | 50 000 |
| 11.UNRESTRICTED FUNDS OFTHE CHARITY | 11.UNRESTRICTED FUNDS OFTHE CHARITY | Unrestricted | Total |
|---|---|---|---|
| Fund | 2023 | ||
| Balance as | at 1stApril 2022 | (14,993) | (14,993) |
| Movement | in the funds for the year | 2,408 | 2,408 |
| Balance as | at 31stMarch 2023 | (12,585) | (12,585) |
| 12.RESTRICTED FUNDS | 12.RESTRICTED FUNDS | Missions | Total |
|---|---|---|---|
| Funds | 2023 | ||
| s | |||
| Balance as | at 1stApril 2022 | 5127 | 5127 |
| Movement | in the funds for the year | ||
| Balance as | at 31stMarch 2023 | 5,127 | 5,127 |
| 13.ANALYSIS OFNET ASSETSBE | TWEEN FUNDS | ||
|---|---|---|---|
| Unrestricted | Restricted | Total | |
| Funds | Funds | 2023 | |
| Tangible fixed assets | 34,578 | 5,127 | 39,705 |
| Net Current Assets | 1,115 | 1,115 | |
| 35693 | 5127 | 40 820 |