**Christ Apostolic Church Dynamic Christian Centre**
**Report and financial statement for the year ended 31 July 2023**
**Charity Registration No: 1130852**
|**Christ Apostolic Church**|||
|---|---|---|
|**Dynamic Christian Centre**|||
|**Financial statements for the year ended 31 July 2023**|||
|**Contents**|Page||
|**Charity information**|||
|**Trustees' annual report**|1|- 3|
|**Statement of trustees responsibilities**|4|- 6|
|**Independent accountants report**|7|- 8|
|**Funds statements**|||
|Statement of financial activities||9|
|Balance Sheet||10|
|**Notes to the accounts**|11 -|19|
## **Christ Apostolic Church Dynamic Christian Centre Trustees' annual report for the year ended 31 July 2023**
The trustees present their report and accounts for the year ended 31 July 2023
## **Legal and administrative information**
**Charity name:** Christ Apostolic Church Dynamic Christian Centre **Charity registration number:** 1130852 **Registered office and** 62 Howbury **operational address:** Erith Kent DA8 2DR **Principal operating address:** 59b Leytone road Stratford London E15 1JA **Trustees:** Ademoal Johnson Rotimi Taiwo Fadiora Abiodun Hezikiah Olawunmi **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**
**Trustees' annual report for the year ended 31 July 2023**
## **Objects and activities of the charity The purposes of the charity as set out in its governing document**
## 1. The advancement of the Christian religion worldwide and
2. The relief of poverty.
It pursues these objects by the operation of a Christian worship centre at a facility located at 59b Leyton Road, Stratford London E15 1JA. It also organises special training and mentoring activities for the unemployed, people planning to start their own businesses and runs general information centre for the p community.
## **The main activities undertaken in relation to those purposes during the year.**
Significant activities that contributed to the achievement of these objectives were:
1. Events organised during the year to promote the Christian faith include distribution of leaflets with Chr messages, organising deliverance services, all night vigils, special prayers and counselling.
2. Other activities to help raise the profile of the charity in the local community included picnics, Mothers' and Fathers' Day celebrations.
3. Specific activities for the relief of poverty are in the areas of training and mentoring of the members an community in starting up businesses and raising families.
## **The main activities undertaken during the year to further the charity's purpose for the public bene**
The trustees have complied with the duty in Section 4 of the Charities Act 2006 and paid due regard to p benefit when preparing this report. The benefit provided to the public is consistent with the aims of the c in the United Kingdom.The trustees have had regard to the Charity Commission's guidance on public be in managing the activities of the charity.
## **The contribution of volunteers during the year.**
The church is grateful for the commitment and efforts of its volunteers who are involved in services provi especially during the pandemic period. The church has over 39 volunteers committed to working in vario departments within .the church. The church continues to dispense the service of heads of departments a ministers to ensure that the best value is derived from the sterling efforts of the volunteers.
## **Grant making policies and how these contributed to the achievement of the charity's aims and objectives during the year.**
Grants are made to other charitable bodies. The church supports missionary organisations such as the Apostolic Church mission and other missions and projects within and outside the UK. The church also provides support to members of the congregation (at the discretion of the trustees) who are in need.
## **The main achievements and performance of the charity during the year.**
The trustees are pleased to report that the church continued to be successful spiritually by ministering to people in prayer and welfare. The church has improved in membership strength and is increasingly reac out to the community.
**Page 2**
## **Christ Apostolic Church Dynamic Christian Centre**
## **Trustees' annual report for the year ended 31 July 2023**
## **Structure, governance and management of the charity**
## **The methods used to recruit and appoint new charity trustees.**
New trustees are elected on the basis of the contribution that they will make to the governance of the org isation and the skills that they will contribute. They are provided with copies of the Charity Commission's guidance and given an introduction to the activities of the charity by the existing board.
## **The charity's organisational structure.**
The board of trustees is headed by a Chairman, the Secretary to the trust and a Financial administrator. the present employees of the charity are voluntary workers. The trustees are responsible for making all decisions regarding allocation of fund and activities.
Bankers HCBC Bank Plc Deptford High Street London SE8 4DR Accountants MC Alpha Consulting Limited _(A firm of Chartered Accountants)_ Unit 2, Concord House Dartford DA1 1UP
## **Financial review**
## **The charity's financial position at the end of the year ended 31 July 2023**
The financial position of the charity at 31 July 2023 and comparatives for the prior period, as more fully detailed in the accounts, can be summarised as follows:-
|Unrestricted revenue funds available for the general purposes of the charity
Restricted revenue funds
**Total funds**
**Net income**|19,806
-
**19,806**
**2023**
**£**
50,952|**2022**
**£**
42,812|
|---|---|---|
|||17,737
-
**17,737**
|
## **Financial review of the position at the reporting date, 31 July 2023.**
During the year, income of £50,952 (£42,812 in 2022) was received as voluntary donations. The excess income over expenditure for the year, as shown in the statement of financial activities was £2,070 (£-4,4 2022). The value of the Christ Apostolic Church - Dynamic Christian Centre’s net assets as at 31 July 20 is £19,717 (£17,647 in 2022).
**Page 3**
## **Christ Apostolic Church Dynamic Christian Centre Trustees' annual report for the year ended 31 July 2023**
## **The major risks to which the charity is exposed and reviews and systems to mitigate them.**
The trustees have assessed the major risks to which the charity is exposed, in particular those related to ations and finances of the charity, and are satisfied that systems are in place to mitigate against exposur the major risks.
## **Details of the independent examiner**
MC Alpha Consulting Limited _(A firm of Chartered Accountants)_ Unit 2, Concord House Dartford DA1 1UP
**Page 4**
## **Christ Apostolic Church Dynamic Christian Centre**
**Trustees' annual report for the year ended 31 July 2023**
## **Statement of the trustees' responsibilities.**
The charity's trustees are responsible for the preparation of the accounts in accordance with the terms o Companies Act 2006, the Charities Act 2011 and the Charities (Accounts and Reports) Regulations 200 Notwithstanding the explicit requirement in the extant statutory regulations, the Charities (Accounts and Reports) Regulations 2008, to prepare the financial statements in accordance with the SORP 2005, in vi the fact that the SORP 2005 has been withdrawn, the trustees determined to interpret this responsibility requiring them to follow current best practice and prepare the accounts according to the FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended b bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st Januar 2019).
In particular, the Companies Act 2006 and charity law require the Board of Trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity as a end of the financial year and of the surplus or deficit of the charity. In preparing those financial statemen trustees are required to:
- to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).
- select suitable accounting policies and apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- prepare the financial statements on the going concern basis unless it is inappropriate to pre that the charity will continue in business;
- state whether applicable accounting standards and statements of recommended practice ha been followed, subject to any material departures disclosed and explained in the financial statements;
The law requires that the trustees must not approve the accounts unless they are satisfied that they give true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for the yea
The trustees are also responsible for maintaining adequate accounting records which disclose with reas accuracy at any time the financial position of the charity and which are sufficient to show and explain the charity's transactions and enable them to ensure that the financial statements comply with the Companie 2006 and comply with regulations made under the Charities Act. They are also responsible for safeguard the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud other irregularities.
The trustees are also responsible for the contents of the trustees' report, and the statutory responsibility Independent examiner in relation to the trustees' report is limited to examining the report and ensuring th the face of the report, there are no material inconsistencies with the figures disclosed in the financial statements.
**Page 5**
## **Christ Apostolic Church Dynamic Christian Centre Trustees' annual report for the year ended 31 July 2023**
The financial statements have been prepared implementing the FRS 102 SORP (Statement of Recomm Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in Octobe and applicable to all accounting periods beginning on or after 1st January 2019), (The SORP), and in ac ance with the Financial Reporting Standard 102, (effective 1st January 2016).
This report was approved by the board of trustees on 27 May 2024
By order of trustees:
A.H Olawunmi
**Mr Abiodun Hezekiah Olawunmi**
**Page 6**
## **Christ Apostolic Church Dynamic Christian Centre**
## **Report of the independent examiner to the trustees of the charitable company on the accounts fo year ended 31 July 2023**
I report to the trustees on my examination of the financial statements of the charity on pages 9 to 10 for t year ended 31 July 2023 which have been prepared in accordance with the Charities Act 2011 (the Act) with the Financial Reporting Standard 102, (effective 1st January 2016) as modified by FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended b bulletin issued in October 2018 and applicable to all accounting periods beginning on or after 1st Januar (The SORP), published by the Charity Commission in England & Wales (CCEW), and under the historic convention and the accounting policies set out on pages 11 and 17.
The trustees consider that the audit requirement of Section 144(1) of the Charities Act 2011 (the Act) do apply, and that there is no requirement in the memorandum and articles of the charity for the conducting audit, and that the accounts do not require an audit in accordance with Part 16 of the Companies Act 20 that no member or members have requested an audit pursuant to Section 476 of the Companies Act 20 a consequence, the trustees have elected that the financial statements be subject to independent exami
Having satisfied myself that the financial statements are not required to be audited under any legal provi or otherwise, and are eligible for independent examination, it is my responsibility to:a) examine the financial statements of the charity under Section 145 of the Act; b) follow the applicable procedures in the Directions given by the Charity Commission under section 145 of the Act.
## **Basis of independent examiner's statement and scope of work undertaken**
I report in respect of my examination of the charity's financial statements carried out under s145 of the A carrying out my examination, I have followed all the applicable Directions given by the Charity Commissi under section 145(5)(b) of the Act setting out the duties of an independent examiner in relation to the co cting of an independent examination. An independent examination includes a review of the accounting r kept by the charitable company and of the accounting systems employed by the charitable company and comparison of the financial statements presented with those records. It also includes consideration of an unusual items or disclosures in the financial statements, and seeking explanations from you, as trustees concerning such matters. The purpose of the examination is to establish as far as possible that there ha been no breaches of charity legislation and that, on a test basis of evidence relevant to the amounts an disclosures made, the financial statements comply with the SORP.
The procedures undertaken do not provide all the evidence that would be required in an audit, and infor supplied by the Trustees in the course of the examination is not subjected to audit tests or enquiries and not cover all the matters that an auditor would consider in arriving at an opinion. The planning and condu an audit goes beyond the limited assurance that an independent examination can provide.
Consequently, I do not express an audit opinion on the view given by the financial statements, and in pa I express no opinion as to whether the financial statements give a true and fair view of the affairs of the c and my report is limited to the matters set out in the statement below.
I planned and performed my examination so as to satisfy myself that the objectives of the independent e nation are achieved and before finalising the report I obtained written assurances from the trustees of all erial matters.
**Page 7**
## **Christ Apostolic Church Dynamic Christian Centre**
**Report of the independent examiner to the trustees of the charitable company on the accounts fo year ended 31 July 2023**
## **Independent examiner's statement, report and opinion**
Subject to the limitations upon the scope of my work as detailed above, I have completed my examinatio can confirm that:-
This is a report in respect of an examination carried out under 145 of the Act and in accordance with dire given by the Charity Commission under section 145(5)(b) of the Act which may be applicable and that no erial matters have come to my attention in connection with the examination giving me cause to believe t any material respect:
accounting records were not kept in respect of the charity as required by Section 130 of The Ch Act 2011;
the financial statements do not accord with those records; or
the financial statements do not comply with the applicable requirements concerning the form an content of accounts set out in section 396 of the Companies Act 2006 other than any requireme the accounts give a'true and fair' view, which is not a matter considered as part of an independe examination;
the financial statements have not been prepared in accordance with the methods and principles set out i FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015 amended by the bulletin issued in October 2018 and applicable to all accounting periods beginning on o 1st January 2019), (The SORP).
I have no concerns and have come across no other matters in connection with the examination to which ntion should be drawn in this report in order to enable a proper understanding of the financial statements reached.
## **MC Alpha Consult Limited**
(A firm of Chartered Accountants)
**Unit 2, Concord House Dartford Kent DA1 1UP**
**16 April 2024**
**Page 8**
## **Christ Apostolic Church Dynamic Christian Centre Statement of financial activities for the year ended 31 July 2023**
**Statement of financial activities (including Income and expenditure account for the year ended 31 July 2023)**
|**Net incoming resources before other**
**recognised gains**
Surplus of income over expenditure
Total funds brought forward
**Balance at the end of the year**
**Notes**
**Incoming and endowments from:**
Donations and legacies
2
Other
**Total income**
**Expenditure on:**
**_Cost of generating funds_**
Cost of generating voluntary income
3
Charitable activities
4
Governance costs
5
**Total resources expended**|**Current year**
**Unrestricted**
**Funds**
**Current year**
**Restricted**
**Funds**
**Current**
**year**
**Total Funds**
**Prior year**
**Total Funds**
**£**
**£**
**£**
**£**
38,181
-
38,181
37,016
12,771
12,771
5,796|
|---|---|
||**50,952**
**-**
**50,952**
**42,812**
45,956
-
45,956
42,721
1,926
-
1,926
3,949
1,000
-
1,000
500|
||2,070
-
2,070
(4,358)
17,737
-
17,737
22,095
**48,882**
-
**48,882**
**47,170**|
||**19,806**
**-**
**19,806**
**17,737**|
The statement of financial activities includes all gains and losses in the year. All incoming resources and resources expended derive from continuing activities.
The notes attached on pages 11 to 18 form an integral part of these accounts.
**Page 9**
## **Christ Apostolic Church Dynamic Christian Centre**
## **Statement of financial activities**
|**Balance sheet as at 31 July 2023**||||1,420
**2022**
**£**|
|---|---|---|---|---|
|**Accumulated funds**
Unrestricted funds
- Brought forward
- Current year
**Total funds**
**Fixed assets**
Tangible fixed assets
6
**Creditors:**amount falling due within one year
9
**Notes**
**Current assets**
Gift aid claimable
Debtors: amounts falling due within one year
7
Cash at bank and in hand
8
**Net current assets**
**Total assets less current liabilities**|||17,737
2,070
**19,806**
64
**64**
(7,526)
19,653
**19,717**
**2023**
**£**
5,727
21,451
27,178||
|||||**1,420**
9,384
18,314
27,698
(11,471)
16,227|
||||||
||||||
|||||
**17,647**|
|||||22,095
-4,358
**17,737**
|
||||||
The financial statements were approved by the board on 16 April 2023 and signed on its behalf by:
## **Mr Abiodun Hezekiah Olawunmi**
Signature: A.H Olawunmi Date: 31/05/2024
**Page 10**
## **Christ Apostolic Church Dynamic Christian Centre Notes to the accounts for the year ended 31 July 2023**
## **1. Accounting policies**
## _**Policies relating to the production of the accounts.**_
## **Basis of preparation and accounting convention**
The accounts have been prepared on the accruals basis, under the historical cost convention, and in ac ance with the Financial Reporting Standard 102, (effective 1st January 2016) and FRS 102 SORP (State of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulleti ued in October 2018 and applicable to all accounting periods beginning on or after 1st January 2019), (T SORP), published by the Charity Commission in England & Wales (CCEW), effective January 2016, and accordance with all applicable law in the charity's jurisdiction of registration, except that the charity has p red the financial statements in accordance with the FRS 102 SORP (Statement of Recommended Practi Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in October 2018 and a cable to all accounting periods beginning on or after 1st January 2019), (The SORP), in preference to th vious SORP, the SORP 2005, which has been withdrawn, notwithstanding the fact that the extant statuto regulations, the Charities (Accounts and Reports) Regulations 2008 refer explicitly to the SORP 2005. T has been done to accord with current best practice.
## **Going concern**
The charitable activities are entirely dependent on continuing grant aid and voluntary donations as well a trading revenues. As a consequence, the going concern basis is dependent on the future flow of these u tain funding streams. Accordingly, the Trustees have obtained forecasts and, after reviewing the financia recasts for future periods to 31 July 2023, the Trustees are satisfied that, at the time of approving the fin statements, it is appropriate to adopt the going concern basis in preparing the financial statements. Othe these matters, the Trustees are not aware of any material uncertainites about the charity's ability to conti as a going concern.
## _**Policies relating to categories of income and income recognition.**_
## **Nature of income**
Gross income represents the value, net of value added tax and discounts, of goods provided to custome work carried out in respect of services provided to customers.
**Income from exchange transactions** is where the charity receives value from the donor without providi equal value in exchange, and includes donations of money, goods and services freely given without givi equal value in exchange.
**Income from non exchange transactions** is where the charity receives value from the donor without pr equal value in exchange, and includes donations of money, goods and services freely given without givi equal value in exchange.
**Page 11**
## **Christ Apostolic Church Dynamic Christian Centre**
## **Notes to the accounts for the year ended 31 July 2023**
## **Income recognition**
Income, whether from exchange or non exchange transactions, is recognised in the statement of financi activities (SOFA) on a receivable basis, when a transaction or other event results in an increase in the c assets or a reduction in its liabilities and only when the charity has legal entitlement, the income is proba and can be measured reliably.
Dividends are accrued when the shareholder’s right to receive payment is established.
Income subject to terms and conditions which must be met before the charity is entitled to the resources recognised until the conditions have been met.
All income is accounted for gross, before deducting any related fees or costs.
## _**Policies relating to expenditure on goods and services provided to the charity.**_
## **Accounting for deferred income and income received in advance**
Where terms and conditions relating to income have not been met or uncertainty exists as to whether th rity can meet any terms or conditions otherwise within its control, income is not recognised but is deferre liability until it is probable that the terms or conditions imposed can be met.
Any grant that is subject to performance-related conditions received in advance of delivering the goods a services required by that condition, or is subject to unmet conditions wholly outside the control of the rec charity, is accounted for as a liability and shown on the balance sheet as deferred income. Deferred inco released to income in the reporting period in which the performance-related or other conditions that limit gnition are met.
When income from a grant or donation has not been recognised due to the conditions applying to the gif being wholly within the control of the recipient charity, it is disclosed as a contingent asset if receipt of th or donation is probable once those conditions are met.
Where time related conditions are imposed or implied by a funder, then the income is apportioned to the periods concerned,and, where applicable, is accounted for as a liability and shown on the balance sheet deferred income. When grants are received in advance of the expenditure on the activity funded by them there are no specific time related conditions, then the income is not deferred.
Any condition that allows for the recovery by the donor of any unexpended part of a grant does not preve cognition of the income concerned, but a liability to any repayment is recognised when repayment becom probable.
## **Income from legacies**
Income from legacies is recognised when the charity has sufficient evidence that a gift has been left to t that where required, probate has been granted, the executor is satisfied that the property in question will required to satisfy claims in the estate, that it is probable that the amount will be received by the charity, the amount to be received can be estimated with sufficient accuracy, and that any conditions attached to legacy are either within the control of the charity or have been met.
Where a payment is received from an estate or is notified as receivable by the executors after the report date and before the accounts are authorised for issue but it is clear that the payment had been agreed b executors prior to the end of the reporting period, then the amount concerned is treated as an adjusting and accrued as income in the accounting period if receipt is probable.
**Page 12**
## **Christ Apostolic Church Dynamic Christian Centre**
## **Notes to the accounts for the year ended 31 July 2023**
Where the charity has established entitlement to a legacy but there is uncertainty as to the amount of th ment, details of the legacy aredisclosed as a contingent asset until the criteria for income recognition are Where a legacy is subject to the interest of a life tenant, the legacy is not recognised as income until the of the life tenant.
If it is doubtful that full settlement of a legacy debtor will be received, then an adjustment is made to redu amount of the legacy debtor and legacy income rather than charging the adjustment as expenditure in th tement of Financial Activities
## **Gift Aid Donations from subsidiaries**
FRS 102 requires gift aid payments from subsidiaries to be accounted for consistently with dividends. FR requires dividends to be recognised when the shareholder’s right to receive payment is established. The charity’s right to receive payment is established when the subsidiary has a legal obligation to distribute it profits to its owners at the reporting date. Therefore, the gift aid payment is not accrued in these individu ounts of the parent charity unless a legal obligation for the subsidiary to make the payment exists at the ting date.
## **Donated goods, facilities and services**
**Donated fixed assets** are recognised at the current fair value. All such donations are recognised as don income, and debited to fixed assets.
Donated goods that are not fixed assets are accounted for at a fair value, unless it is impractical to reliab measure the value of the donated items. In the absence of any direct evidence of fair value of donated g then a value is derived from the cost of the item to the donor or, in the case of goods that are expected t sold, the estimated resale value after deducting any anticipated costs of sales.
If it is impracticable to measure the fair value of goods donated for resale, or the costs of valuation outw the benefits, the donated goods are recognised as income when sold, with an equivalent amount being r nised as an expense. The costs of goods donated for distribution to beneficiaries is deemed to be the fai of those goods upon receipt. When the goods are distributed freely or for a nominal consideration, then t carrying amount is adjusted at the time of sale, to the value at the point of distribution and the adjustmen shown as a cost of donations made.
The carrying amount of any stock held for distribution is assessed for impairment at the reporting date. A ated goods are recognised as donation income, and debited to trading stock.When trading stock is subs ently sold, or appropriated to meet an expense, then the carrying value of the stock is recognised as an ense. In accordance with the SORP, goods donated for distribution to beneficiaries, or for consumption b charity are included in 'legacies and donations'. Goods donated for resale are included in _'Income from o_ trading activities'
The cost of any stock of goods donated for distribution to beneficiaries is deemed to be the fair value of gifts at the time of their receipt. If the goods held are to be distributed freely or for a nominal considerati then the carrying amount is subsequently adjusted to reflect the lower of deemed cost adjusted for any lo service potential and replacement cost. Replacement cost is the economic cost incurred if the charity wa replace the service potential of the donated goods at its own expense in the most economic manner
**Donated services and facilities** (including seconded staff and use of property) are included in the acco on the basis of the value of the gift to the charity.
All donated services and facilities are recognised as donation income when received,(provided the value gift can be measured reliably) and recognised as an expense with an equivalent value.
## **Membership subscriptions**
The income and any associated Gift Aid or other tax refund from a membership subscription received by charity in the nature of a gift, is accounted for on the same basis as a donation.
The income from a membership subscription received by the charity where the subscription purchases t to services or benefits is recognised as income from charitable activities.
**Page 13**
## **Christ Apostolic Church Dynamic Christian Centre Notes to the accounts for the year ended 31 July 2023**
## _**Policies relating to expenditure on goods and services provided to the charity.**_
## **Volunteers**
In accordance with the SORP, and in recognition of the difficulties in placing a monetary value on the co tion from volunteers, the contribution of volunteers is not included within the income of the charity. However, the trustees value the significant contribution made to the activities of the charity by unpaid vol eers and this is described more fully in Note4
## _**Policies relating to assets, liabilities and provisions and other matters.**_
## **Tangible fixed assets**
Tangible fixed assets are measured at their original cost value, or subsequent revaluation, or if donated, described above. Cost value includes all costs expended in bringing the asset into its intended working condition.
Depreciation has been provided at the following rates in order to write off the assets to their anticipated r ual value over their estimated useful lives.
Musical equipment 20% straight line Computer projector 20% straight line Motor vehicle 20% straight line
A regular annual review of the likelihood of asset impairment is undertaken.
**Page 14**
## **Christ Apostolic Church Dynamic Christian Centre**
## **Notes forming part of the financial statements for the year ended 31 July 2023**
## **Debtors**
Debtors are measured at their recoverable amounts at the balance sheet date.
## **Creditors and provisions**
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and oth financial liabilities are initially recognised at transaction price net of any transaction costsand subsequen measured at amortised cost determined using the effective interest method.
## **Fund Accounting**
Unrestricted funds are available for use at the discretion of the trustees in furtherance of the general obj of the charity.
General funds are unrestricted funds which are available for use at the discretion of the trustees in furthe of the general objectives of the church and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by don which have been raised by the church for particular purposes. The costs of raising and administering su funds are charged against the specific fund. The aim and use of each restricted fund is set out in the not the financial statements.
There are no endowment funds.
## **2 Liability to taxation**
The trustees consider that the charity satisfies the tests set out in Paragraph 1 Schedule 6 of the Financ 2010 for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in resp income or capital gains received within categories covered by chapter 3 part 11 of the Corporation Tax A 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or ga applied exclusively on the specific charitable objects of the charity and for no other purpose. Value Adde is not recoverable by the charity and is therefore included in the relevant costs in the Statement of financ activities.
## **3 Winding up or dissolution of the charity**
If upon winding up or dissolution of the charity there remain any assets, after the satisfaction of all debts liabilities, the assets represented by the accumulated fund shall be transferred to some other charitable or bodies having similar objects to the charity.
## **4 The contribution of volunteers**
The charity depends on the support of its volunteers, which is much appreciated. The church is grateful f unflinching efforts of its volunteers who are involved in service provision, office work and administration. estimated that over 9360 volunteer hours were provided during 2023. The arrangements with volunteers difficult to value precisely in monetary terms and have not been recognised in the Statement of financial activities. The volunteers and the charity accept and agree that no contract of employment is created by arrangements.
**Page 15**
## **Christ Apostolic Church Dynamic Christian Centre Notes forming part of the financial statements for the year ended 31 July 2023**
|**5 Net incoming resources and resources expended**|||
|---|---|---|
|This is stated after charging|**2023**|**2022**|
||**£**|**£**|
|Depreciation of tangible assets|1,356|1,675|
## **6. Tangible fixed assets**
|**Depreciation**
At 1 August 2022
Charge for the year
At 31 July 2023
**Net book value**
At 31 July 2023
At 31 July 2022
**7. Cash balances**
Cash in bank & in hand at year end
**8. Debtors**
Gift aid receivable
**Cost**
At 1 August 2022
Additions
At 31 July 2023|**Musical**
**equipment**
**Computers**
**& IT**
**Motor**
**Vehicle**
**£**
**£**
**£**
1,731
-
6,650
-
-
-|**Musical**
**equipment**
**Computers**
**& IT**
**Motor**
**Vehicle**
**£**
**£**
**£**
1,731
-
6,650
-
-
-|**Total**
**£**
8,381
-|
|---|---|---|---|
||**1,731**
**-**|**6,650**|**8,381**|
||1,675
-
56
-|5,286
1,300|6,961
1,356|
||**1,731**
**-**|**6,586**|**8,317**|
||**-**
**-**|**64**|**64**|
||**56**
**-**|**1,364**|**1,420**|
|||**2023**
**£**
21,451|**2022**
**£**
18,314|
|||21,451
**2023**
**£**
5,727|18,314|
||||
**2022**
**£**
9,384|
|||5,727|9,384|
**Page 16**
## **Christ Apostolic Church Dynamic Christian Centre**
**Notes forming part of the financial statements for the year ended 31 July 2023**
## **9 Creditors: amount falling due within one year**
|Rent
Accountancy fees|**2023**
**£**
7,026
500|**2022**
**£**
10,971
500|
|---|---|---|
||7,526|11,471|
## **10 Income and Expenditure account summary**
|At 1 August
Surplus after tax for the year
At 31 July|**2023**
**2022**
**£**
**£**
17,737
22,095
2,070
(4,358)
**19,806**
**17,737**|
|---|---|
## **11 Particulars of how specific funds are represented by assets and liabilities**
|Tangible fixed assets
Current assets
Current liabilities
At 31 July
**Unrestricted**
**Restricted**
**Total**
**Funds**
**Funds**
**Funds**
**2023**
**£**
**£**
**£**
64
-
64
27,178
-
27,178
-7,526
(7,526)
**19,717**
**-**
**19,717**
**12 Change in total funds over the year, analysed by individual funds**
**At 1**
**August**
**2022**
**Incoming**
**Resources**
**Outgoing**
**Resources**
**Adjustment**
**s in the year**
**[Inc Gains]**
**£**
**£**
**£**
**£**
Restricted funds:
-
-
-
-
**Total restricted funds**
-
-
-
-
**Unrestricted funds:**
General funds
17,737
50,952
48,882
-
Total unrestricted funds
**17,737**
**50,952**
**48,882**
**-**
**Total charity funds**
**17,737**
**50,952**
**48,882**
**-**|Tangible fixed assets
Current assets
Current liabilities
At 31 July
**Unrestricted**
**Restricted**
**Total**
**Funds**
**Funds**
**Funds**
**2023**
**£**
**£**
**£**
64
-
64
27,178
-
27,178
-7,526
(7,526)
**19,717**
**-**
**19,717**
**12 Change in total funds over the year, analysed by individual funds**
**At 1**
**August**
**2022**
**Incoming**
**Resources**
**Outgoing**
**Resources**
**Adjustment**
**s in the year**
**[Inc Gains]**
**£**
**£**
**£**
**£**
Restricted funds:
-
-
-
-
**Total restricted funds**
-
-
-
-
**Unrestricted funds:**
General funds
17,737
50,952
48,882
-
Total unrestricted funds
**17,737**
**50,952**
**48,882**
**-**
**Total charity funds**
**17,737**
**50,952**
**48,882**
**-**|**Total**
**Funds**
**2022**
**£**
1,420
27,698
(11,471)
**17,647**
**At 31**
**July**
**2023**
**£**
-|
|---|---|---|
||-
-
-
-|-|
||17,737
50,952
48,882
-|19,806|
||**17,737**
**50,952**
**48,882**
**-**|**19,806**|
||||
||**17,737**
**50,952**
**48,882**
**-**|**19,806**|
## **13 Related party transactions**
During the year, the church paid institutional grants to CAC Worldwide. The umbrella organisation for th Christ Apostolic Church, Dynamic Christian Centre.
**Page 17**
## **Christ Apostolic Church Dynamic Christian Centre**
**Detailed analysis of income and expenditure for the year ended 31 July 2023 as required by the SORP 2015**
_This analysis is classsified by conventional nominal descriptions and not by activity._
|**13 Donations, legacies and similar incoming resources**
Tithes
Thanksgiving & offering
Grant JBR
Gift aid
Sundry income|**2023**
**2022**
**£**
**£**
35,893
33,679
2,288
1,777
-
1,560
10,030
5,319
2,741
477
**50,952**
**42,812**|
|---|---|
## **Total resources expended**
|**14 Costs of generating voluntary income**
Administration
Support costs
Premises
**15 Charitable activities**
Ministry
**16 Governance costs**
Professional fees
**Total resources expended**|**Church**
**Work**
**Support**
**Cost**
**Governance**
**Costs**
**2023**
**Total**
**2022**
**Total**
**£**
**£**
**£**
**£**
**£**
21,450
-
-
**21,450**
15,629
-
1,356
-
**1,356**
2,638
22,954
-
-
**22,954**
24,454|
|---|---|
||**44,600**
**1,356**
**-**
**45,956**
**42,721**|
||1,926
-
-
**1,926**
3,949|
||**1,926**
**-**
**-**
**1,926**
**3,949**|
||-
-
1,000
**1,000**
500|
||**-**
**-**
**1,000**
**1,000**
**500**|
|||
||**46,526**
**1,356**
**1,000**
**48,882**
**47,170**|
**Page 18**
## **Christ Apostolic Church Dynamic Christian Centre**
## **Detailed analysis of income and expenditure for the year ended 31 July 2023 as required by the SORP 2015**
_This analysis is classsified by conventional nominal descriptions and not by activity._
|**Donations, grants and legacies**
Tithes
Thanksgiving & offering
Grant JBR
**Total donations, grants and legacies**
**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
Mission, training & evangelism
CAC Worldwide
Welfare & hospitality
Music and Liturgy
TV and Radio Programme
Educational manual
**Support costs**
Repairs & maintenance
Depreciation
Vehicle running expenses
**Management and governance costs**
Accountancy fees-bookkeeping
**Surplus/(Deficit) for the year**
**Surplus/(Deficit) brought forward**
**Surplus carried forward**
**Other income and gains**
Gift aid
Sundry Income
**Total other income and gains**|**£**
21,000
1,954
196||**£**
35,893
2,288
-|**2023**
**£**
**38,181**
**12,771**|**2023**
**£**
**38,181**
**12,771**|**£**
33,679
1,777
1,560
5,319
477|**£**
33,679
1,777
1,560
5,319
477|**2022**
**£**
**37,016**
**5,796**|
|---|---|---|---|---|---|---|---|---|
||||10,030
2,741||||
5,319
477||
||||
**22,954**
**196**
**21,450**
**1,926**
**1,356**
**1,000**|||
20,999
3,455|||
|||||
**50,952**
**48,882**||||
42,812
**24,454**
**-**
**15,629**
**3,949**
**2,638**
**500**
**47,170**|
|||||||
-|||
||-
440
18,888
995
419
709|||||260
-
14,894
-
475|||
|||||||-|||
||-
-
100
228
900
-
699|||||250
3,573
-
-
-
127
-
677
1,675
286|||
||-
1,356
-||||||||
||1,000|||||500|||
||||||||||
|||||2,070
17,737||||(4,358)
22,095|
|||||**19,806**||||**17,737**|
**Page 19**