Christ Apostolic Church Dynamic Christian Centre
Report and financial statement for the year ended 31 July 2020
Charity No: 1130852
Christ Apostolic Church Dynamic Christian Centre Financial statements for the year ended 31 July 2020
| Contents | Page |
|---|---|
| Legal and adminstrative information | 1 |
| Report of the trustees | 2 - 5 |
| Independent auditor's report | 6 |
| Statement of financial activities | 7 - 8 |
| Notes forming part of the financial statements | 9 - 14 |
| Christ Apostolic Church | |
|---|---|
| Dynamic Christian Centre | |
| Report of the trustees for the year ended 31 July 2020 | |
| Legal and administrative information | |
| Charity name: | Christ Apostolic Church |
| Dynamic Christian Centre | |
| Company registration number: | 1130852 |
| Registered office and | 62 Howbury |
| operational address: | Erith |
| Kent | |
| DA8 2DR | |
| Church address | 59b Leytone road |
| Stratford | |
| London | |
| E15 1JA | |
| Trustees: | Mr Abiodun Hezikiah Olawunmi |
| Mr Matthew Adesoji Awotayo-Ayeni | |
| Mr Michael Fidelis Owagoke | |
| Accountants: | MC Alpha Consulting Limited |
| (A firm of Chartered Accountants) | |
| Unit 2, Concord House | |
| Dartford | |
| DA1 1UP | |
| Bankers: | HCBC Bank Plc |
| Deptford High Street | |
| London | |
| SE8 4DR |
Page 1
Christ Apostolic Church Dynamic Christian Centre Report of the trustees for the year ended 31 July 2020
Purpose and aims
The objects of the charity are:
The organisation is a charity with a primary objective to reachout to people about the christian faith worldwide and the relief of poverty and any charitable purpose at the discretion of the trustees for the benefits of the community. To achieve its objectives, the church adopted the following strategies:
a) To advance the christian religion by propagating the doctrins of our Lord Jesus Christ as communicated by Christ Apostolic Church through preaching the word of God
b) To relieve persons who are in conditions of need or hardship or who are aged or sick and to relieve the disress caused thereby in such other parts of the United Kingdom or the world as the trustees may from time to time think fit.
c) To promote and fulfil such other charitable purposes beneficial to the community in such other of United Kingdom or the world as the trustees may time to time think fit.
Ensuring our work delivers our aims
We review our aims, objectives and activities each year. This review looks at what we achieved and the outcomes of our work in the previous 12 months. The review looks at the success of each key activity and the benefits they have brought to those groups of people we are set up to help.
The review also helps us ensure our aim, objectives and activities remained focused on our stated purposes. We have referred to the guidiance contained in the Charity Commission's general guidance on public benefit when reviewing our aim and objectives and in planning our future activities. In particular the trustees consider how planned activities will contribute to the aims and objectives they have set.
During the period under review, the church helpers operated as heads of these listed departments: sunday school, prayer warriors, evangelism, welfare, protocols, choir, technical, house fellowship,
ushering, children, finance, administration, visitation and follow-up, men and women fellowships.
The focus of our work
Our main objectives for the year continued to be the advancement of the christian religion and to strive to improve the living condition of the needy. The strategies we applied to meet these objectives included:
-
Provision of weekly church services on Wednesday or any other day and Sunday to minister to the physical material, physical, spiritual and material needs of the congregation.
-
Provision of special events and meetings to meet the specific needs of target groups in the church such as men, women, youth and children.
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Focusing on the material needs of certain members undergoing difficult financial situations.
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Working with other christian agencies and churches in London to advance the preaching of the gospel.
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Provision of pastoral care for the members and other members of the community.
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Youth empowerment activities
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Counselling and tea-break programme for members of the community
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Missionary outreach work
Page 2
Christ Apostolic Church Dynamic Christian Centre Report of the trustees for the year ended 31 July 2020
How our activities deliver public benefits
Our main activities and who we try to help are described below. All our charitable activities focus on the advancement of the Christian religion and the relief of poverty and sickness.
- a. Ministering every week to the spiritual needs of the people through bible study, prayer meeting, counselling sessions and healing meetings.
b. Our focus as a ministry and church is the outreach for souls.
Who used and benefited from our services?
Our church services were presented with both the regular congregants and the visitors or seekers in mind. We minister to the children and young people, elderly and old people, people with disabilities, other charities or voluntary bodies, other defined groups and general public and mankind.
We have also helped relief poverty and hardship amongst both regular and irregular congregants who are going through a period of financial hardship due to unemployment and lack of financial resources.
Financial review
The charity made an income of £57,911 compared to £66,816 (2019) while outflow was £50,861 compared to £64193 (2019) resulting in a net surplus of £7,050 compared to £2,623 (2019) resulting in accummulated funds of £30,180 compared to £23,130 (2019).
Principal funding sources
The principal funding sources for the charity are currently by way of donations and gifts from congregants through the offering basket passed during church services and through bank standing orders. We have exercised our right to reclaim the gift aid on the donations and gifts received from congregants and this has proved a steady and growing source of additional income.
Risk management
The trustees have identified the major risks to which the ministry is exposed and established controls and actions to mitigate them. The trustees take all appropriate steps to moderate and manage the inevitable operational risks to which volunteers, staff and assets of the ministry are exposed. Competence based training for volunteers. Employers liability insurance, monitoring of new legislative requirements are examples of steps taken. In particular, there are policies and procedures for children and vulnerable adults protection and for health and saftey risks. Furthermore, a risk register is to be established and updated at least annually.
The trustees have assessed the major risks to which the charity is exposed, in particular those related to operations and finances of the charity, and are satisfied that systems are in place to mitigate are against exposures to the major risks.
Plans for future periods
The charity plans continuing the activities outlined above in the forthcoming years subject to satisfactory funding arrangements.
Constitution and objects
Christ Apostolic Church, Dynamic Christian Centre is constituted under a trust deed as a registered charity (Charity Number 1130852).
Volunteers
The church is grateful for the commitment and efforts of its volunteers who are involved in services provision The church has over 40 volunteers committed to working in various departments within the church and will continue to dispense the service through the volunteers heads of departments and ministers to ensure that the best value is derived from the sterling efforts of the volunteers.
Page 3
Christ Apostolic Church Dynamic Christian Centre Report of the trustees for the year ended 31 July 2020
Trustees, induction and training
Most trustees are already familiar with the practical work of the charity having been friends of the church for a number of years. Additionally, new trustees are invited and encouraged to function in the capacity as friends of the church in order to understand the offerings of the church and its members.
Additionally, new trustees would be invited as required and encouraged to attend a series of short training sessions to familiarise themselves with the charity and the context within which it operates.
o The obligations of trustees
o The main documents which set out the operational framework for the charity including the Declaration of Trust.
o Resourcing and the current financial position as set out in the latest published accounts o Future plans and objectives
A Question & Answer pack would be prepared which draws information from various Charity Commission publications signposted through the Commission's guide "the Essential Trustee" as a follow up to these sessions. This will be distributed to all new trustees along with the Memorandum and Articles and the latest financial statements.
Responsibilities of the trustees
Charity law requires the Trustees to prepare financial statements for each financial year which give true and fair view of the state of affairs of the charitable trust as at the balance sheet date and of ites incoming resources and applications of resources, including income and expenditure, for the financial year. In preparing those financial statements the trustees should follow best practice and:
o Select suitable accounting policies and then apply them consistently;
-
Make judgements and estimates that are reasonable and prudent
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Prepare the financial statements on the on going basis unless it is inappropriate to presume that the charity will continue on that basis.
The trustees are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enables them to ensure that the financial statements comply with Companies Act 2006. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 4
Christ Apostolic Church Dynamic Christian Centre Report of the trustees for the year ended 31 July 2020
Members of the board of trustees
Members of the board of trustees for the purpose of charity law, who served during the year were:
-
Mr Abiodun Hezikiah Olawunmi
-
Matthew Adesoji Adetayo-Ayeni
-
Mr Michael Fidelis Owagoke
In accordance with charity law, as trustees, we certify that:
So far as we are aware, there is no relevant information of which the company's accountants are unaware; and as the trustees of the charity we have taken all steps that we ought to have taken in order to make ourselves aware of any relevant information and to establish that the charity's accountants are aware of that information.
This report has been prepared,
By order of trustees:
Micheal Adesoji Awotayo-Ayeni
Page 5
Christ Apostolic Church Dynamic Christian Centre
Independent examiner's report for the year ended 31 July 2020
I have examined the financial statements, which comprise the financial activities, the balance sheet, the related notes and the accounting policies of Christ Apostolic Church, Dynamic Christian Centre for the year ended 31 July 2019.
Respective responsibilities of trustees and independent examiner
As described on page 5, the trustees are responsible for the preparation of the financial statements. The charity trustees consider that an audit is not required for this year under section 144(2) of the Charity Act Act 2011 (the 2011 Act) and that an indepedent examination is needed.
Scope of examination
I conducted my examination in accordance with directions given by the Charity Commissioners under section 145(5)(b) of the 2011 Act. An examination is limited to enquiries of the charity's personnel and analytical and analytical and review procedures applied to financial data and this provides less assurance that an audit. I have not performed an audit, and accordingly, I do not express an audit opinion.
Independent examiner's statement
In connection with our examination, no matter has come to my attention:
-
Which gives me reasonable cause to believe that in any material respect the requirements:
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To keep accounting records in accordance with section 130 of the 2011 Act; and
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To prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met; or
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To which in our opinion, attention should be drawn in order to enable a proper understanding of the acconts to be reached.
MC Alpha Consult Limited
(A firm of Chartered Accountants)
Unit 2, Concord House Dartford Kent DA1 1UP
24 November 2019
Page 6
Christ Apostolic Church Dynamic Christian Centre Statement of financial activities
Income and ex enditure for the ear ended 31 Jul 2020 p y y
| Notes Incoming resources from generated funds: Donations and similar incoming resources 2 Total incoming resources Resources expended Cost of generating funds Cost of generating voluntary income 3 Charitable activities 4 Governance costs 5 Total resourcs expended Net incoming resources before other recognised gains Surplus of income over expenditure Total funds brought forward Balance at the end of the year |
2020 2020 2020 2019 Unrestricted Funds Restricted Funds Total Funds Total Funds £ £ £ £ 57,911 - 57,911 66,816 57,911 - 57,911 66,816 39,378 - 39,378 55,123 10,982 - 10,982 8,570 500 - 500 500 50,861 - 50,861 64,193 7,050 - 7,050 2,623 23,130 - 23,130 20,507 30,180 - 30,180 23,130 |
|---|---|
The statement of financial activities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing activities.
Page 7
Christ Apostolic Church Dynamic Christian Centre
Statement of financial activities
Balance sheet as at 31 Jul 2020 y
| Notes Fixed assets Tangible fixed assets 6 Current assets Debtors: amounts falling due within one yea 7 Cash at bank and in hand 8 Creditors:amount falling due within one ye 9 Net current assets Total assets less current liabilities Accumulated funds Unrestricted funds - Brought forward - Current year Total funds |
2020 2019 £ £ 4,453 6,152 4,453 6,152 10,129 10,347 16,098 7,131 26,227 17,478 (500) (500) 25,727 16,978 30,180 23,130 23,130 20,507 7,050 2,623 30,180 23,130 |
|---|---|
The financial statements were approved by the board on 24 Nov 2019 and signed on its behalf by:
Name: Michael Adesoji Awotayo-Ayeni
Signature:_____ Date:_________
Page 8
Christ Apostolic Church Dynamic Christian Centre
Notes forming part of the financial statements for the year ended 31 July 2020
1. Accounting policies
The principal accounting policies are summarised below. The accounting policies have been applied consistently been applied consistently throughout the year and in the preceding year.
(a) Basis of accounting
The financial statements have been prepared under the historical cost convention, as modified by inclusion of fixed assets investments at market value, and in accordance with the Companies Act 2006 and the the Statement of Recommended Practice: Accounting and Reporting by Charities issued in March 2005.
(b) Fund accounting
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general objectives of the charity. Unrestricted funds may include a revaluation reserve representing the restatement of investment assets at market values where applicable. Designated funds are unrestricted funds earmarked by the trustees for particular purposes. Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of the appeal.
(c ) Incoming resources
All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Voluntary income is received by way of grants, donations and gifts and in included in full in the statement of financial activities when receiveable. Grants, where entitlement is not conditional on the delivery of a specific performance by the charity, are recognised when the charity becomes unconditionally entitled to the grant.
Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included in these accounts. Invested income is included when receivable. Incoming resources from charitable trading activity are accounted for when earned
Incoming resources from grants, where related to performance and specific deliverables, are accounted for as the charity earns the right to consideration by its performance.
Page 9
Christ Apostolic Church
Dynamic Christian Centre
Notes forming part of the financial statements for the year ended 31 July 2020
(d) Resources expended
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates:
Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
(e) Fixed assets
Fixed assets are stated at cost less accumulated depreciation. Depreciation is provided at rates calculated to write off the cost of each asset over its expected useful life, which in all cases is estimated at 5 years as below: Musical equipment - 20%
Computer projector - 20% Motor vehicle - 20%
f) Governance costs
Governance costs include those costs associated with meeting the constitutional and statutory requirement of the charity and include the accountancy fees and costs linked to the strategic managemnet of the charity.
All costs are allocated between the expenditure categories of the SOFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis e.g. floor areas, per capita or estimated usage as set out in Note 4.
Page 10
Christ Apostolic Church Dynamic Christian Centre Notes forming part of the financial statements for the year ended 31 July 2020
| 2020 | 2019 | ||||
|---|---|---|---|---|---|
| 2. Donations, legacies and similar incoming resourc | £ | £ | £ | £ | |
| Tithes | 25,611 | 34,491 | |||
| Thanksgiving & offering | 9,654 | 9,883 | |||
| Grant JBR | 4,508 | - | |||
| Gift aid | 18,138 | 22,442 | |||
| Total | - | - | 57,911 | 66,816 | |
| Total resources expended | |||||
| 2020 | 2019 | ||||
| Church | Support | Governance |
|||
| Work | Cost | Costs | Total | Total | |
| £ | £ | £ | £ | £ | |
| 3. Costs of generating voluntary income | |||||
| Bank charges | - | - | - | - | 2 |
| Administration | 14,609 | - | - | 14,609 | 17,593 |
| Support costs | - | 3,769 | - | 3,769 | 3,697 |
| Premises | 21,000 | - | - | 21,000 | 33,831 |
| 35,609 | 3,769 | - | 39,378 | 55,123 | |
| 4. Charitable activities | |||||
| Ministry | 10,982 | 10,982 | 8,570 | ||
| 10,982 | - | - | 10,982 | 8,570 | |
| 5. Governance costs | |||||
| Professional fees | 500 | 500 | 500 | ||
| - | - | 500 | 500 | 500 | |
| Total resources expended | 46,592 | 3,769 | 500 | 50,861 | 64,193 |
Page 11
Christ Apostolic Church Dynamic Christian Centre Notes forming part of the financial statements for the year ended 31 July 2020
6. Tangible fixed assets
| Cost At 1 August 2019 Additions At 31 July 2020 Depreciation At 1 August 2019 Charge for the year At 31 July 2020 Net book value At 31 July 2020 At 31 July 2019 7. Debtors Gift aid receivable 8. Cash balances Cash in bank & in hand at year end 9. Creditors: amount falling due within one year Sundry creditors Accountancy fees |
Musical equipment Computers & projectors £ £ 1,231 - - - |
Motor Vehicle Total £ £ 6,650 7,881 - - 6,650 7,881 1,330 1,729 1,300 1,699 2,630 3,428 4,020 4,453 5,320 6,152 2020 2019 £ £ 10,129 10,347 10,129 10,347 2020 2019 £ £ 16,098 7,131 16,098 7,131 2020 2019 £ £ - - 500 500 500 500 |
|---|---|---|
| 1,231 - |
||
| 399 - 399 - |
||
| 798 - |
||
| 433 - |
||
| 832 - |
||
Page 12
Christ Apostolic Church Dynamic Christian Centre Notes forming part of the financial statements for the year ended 31 July 2020
10. Net incoming resources and resources expended
| This is stated after charging Depreciation of tangible assets 11. Analysis of net assets between funds Tangible fixed assets Current assets Current liabilities At 31 July 12. Movements in Funds At 1 August 2020 £ Restricted funds: - Total restricted funds - Unrestricted funds: General funds 23,130 Total unrestricted funds 23,130 Total Funds 23,130 |
This is stated after charging Depreciation of tangible assets 11. Analysis of net assets between funds Tangible fixed assets Current assets Current liabilities At 31 July 12. Movements in Funds At 1 August 2020 £ Restricted funds: - Total restricted funds - Unrestricted funds: General funds 23,130 Total unrestricted funds 23,130 Total Funds 23,130 |
General Restricted Funds Funds £ £ 4,453 - 26,227 - (500) |
2020 2019 £ £ 1,699 665 |
|---|---|---|---|
| Total Total Funds Funds 2020 2019 £ £ 4,453 6,152 26,227 17,478 (500) (500) |
|||
| 30,180 - |
30,180 23,130 |
||
| Incoming OutgoingAdjustments At 30 Resources Resources in the year July [Inc Gains] 2019 £ £ £ £ - - - - |
|||
| - | - - - - |
||
| 23,130 | 57,911 50,861 - 30,180 |
||
| 23,130 | 57,911 50,861 - 30,180 |
||
| 23,130 | 57,911 50,861 - 30,180 |
Page 13
Christ Apostolic Church Dynamic Christian Centre Income and expenditure account for the year ended 31 July 2020
| Income Tithes Thanksgiving & offering Grant JBR Gift aid Less expenditure Premises costs Hall hire, rent & rates Lighting and heating Bank charges Bank & finance charges Administration costs Printing, postage and stationery Insurance Salaries and wages Admin expenses Telephone & internet Travel and subsistence Ministry Visiting speakers expenses Seminars & conferences Mission, training & evangelism CAC Worldwide Worship cost & community project Welfare & hospitality Equipment expensed Music and Liturgy TV and Radio Programme Donations Educational manual Support costs Repairs & maintenance Depreciation Vehicle running expenses Management and governance costs Professional fees-legal Accountancy fees-bookkeeping Surplus/(Deficit) for the year Surplus/(Deficit) brought forward Surplus carried forward |
£ £ 21,000 - 21,000 - - 350 1,526 11,890 352 491 - 14,609 200 40 4,140 - - - - - 2,400 4,096 106 10,982 167 1,699 1,904 3,769 - 500 500 |
2020 2019 £ £ £ 25,611 34,491 9,654 9,883 4,508 18,138 22,442 57,911 66,816 32,100 1,731 33,831 2 2 350 1,137 15,688 - 418 - 17,593 450 1,303 2,533 450 - - 232 - 3,450 50 101 8,570 390 1,729 1,578 3,697 - 500 500 50,861 64,193 7,050 2,623 23,130 20,507 30,180 23,130 |
|---|---|---|
13. Related party transactions
During the year, the church paid institutional grants to CAC Worldwide. The umbrella oragnisation for the Christ Apostolic Church.
Page 14