CHRIST APOSTOLIC CHURCH GRACE & TRUTH MINISTRY BIRMINGHAM
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28[TH] February 2022
REGISTERED CHARITY NUMBER: 1136285
REGISTERED COMPANY NUMBER: 6519348
CHRIST APOSTOLIC CHURCH GRACE & TRUTH MINISTRY BIRMINGHAM 75 STAFFORD STREET WALSALL WS2 8DU
INDEX Page Legal & Administrative Details 1 Trustee’s Report 2- 3 Independent Examiner’s Report 4 Statement of Financial Activities 5 Balance Sheet 6 Notes on the financial Statements 7-12
CHRIST APOSTOLIC CHURCH GRACE & TRUTH MINISTRY BIRMINGHAM
LEGAL & ADMINISTRATIVE DETAILS YEAR ENDED 28[TH] February 2022
ADDRESS FOR CORRESPONDENCE
75 STAFFORD STREET WALSALL WS2 8DU
REGISTERED CHARITY NUMBER
1136285
REGISTERED COMPANY NUMBER
6519348
GOVERNING DOCUMENT
MEMORANDUM AND ARTICLES OF ASSOCIATION 29 February 2008 as amended on 27 April 2010
TRUSTEES/ DIRECTORS
Pastor Dennis Agho Evangelist Joseph Agho Evangelist Jude Ahmed
PRINCIPAL BANKERS
HSBC BANK CORPORATION STREET CITY CENTRE BIRMINGHAM
INDEPENDENT EXAMINER
FRESH FIRE ORGANISATION GENERATOR BUSINESS CENTRE 95 MILES ROAD MITCHAM CR4 3FH
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CHRIST APOSTOLIC CHURCH GRACE & TRUTH MINISTRY BIRMINGHAM
TRUSTEES’ REPORT YEAR ENDED 28[TH] February 2022
The trustees are pleased to present their report for the year ended 28[th] February 2022 for the charity, Christ Apostolic Church Grace & Truth Ministry Birmingham with Charity Number 1136285 and Company Number 6519348.
The Trustees of the charity are: Pastor Dennis Agho Evangelist Joseph Agho Evangelist Jude Ahmed
The principal address of the charity is : 75 Stafford Street Walsall WS2 8DU
OBJECTS
(1) TO ADVANCE THE CHRISTIAN RELIGION BY PROPAGATING THE GOSPEL OF JESUS CHRIST AND PROCLAIMING THE KINGDOM OF GOD THROUGH PREACHING THE WORD OF GOD, LECTURES, PUBLICATIONS, PRAYER AND THE DISTRIBUTION OF GOSPEL TRACTS, AND IN SUCH WAYS AS THE TRUSTEES FROM TIME TO TIME MAY THINK FIT; (2) TO RELIEVE SICKNESS AND FINANCIAL HARDSHIP AND TO PROMOTE AND PRESERVE GOOD HEALTH BY THE PROVISION OF FUNDS, GOODS AND SERVICES OF ANY KIND, INCLUDING THROUGH THE PROVISION OF COUNSELLING AND SUPPORT; (3) TO ADVANCE IN LIFE AND HELP YOUNG PEOPLE THROUGH: (A) THE PROVISION OF RECREATIONAL AND LEISURE TIME ACTIVITIES PROVIDED IN THE INTEREST OF SOCIAL WELFARE, DESIGNED TO IMPROVE THEIR CONDITIONS OF LIFE; (B) PROVIDING SUPPORT AND ACTIVITIES WHICH DEVELOP THEIR SKILLS, CAPACITIES AND CAPABILITIES TO ENABLE THEM TO PARTICIPATE IN SOCIETY AS MATURE AND RESPONSIBLE INDIVIDUALS .
.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Church is governed by a leadership team on which the trustees are represented. It meets regularly to review, plan activities and monitor the financial position. The trustees appointed have served exemplary in providing much needed governance and administrative support and guidance to the charity throughout the year. None of the trustees received any remuneration during the financial year.
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OBJECTIVES AND ACTIVITIES
The Objects of the organisation are to advance the Christian faith in accordance with the Statement of faith and the relief of poverty. The trustees confirm that they have had due regard to the guidance issued by the Charity Commission on public benefit before deciding what activities the charity should undertake.
ACHIEVMENTS AND PERFORMANCE
The church continues to develop itself in the community. The church also continues to hold regular services that are open to the general public. The church held successful conferences during the year, and it continues to support the vision of the church.
FINANCIAL REVIEW
The income of the church is above £43,000. This is a higher amount than on the previous year and the costs have been well managed over this period. So the church hopes to continue its work in the coming year without any unnecessary financial constraints. The church used most of its income on the rent of the building. The charity is a going concern.
PLANS FOR THE FUTURE
The church intends to continue to host its regular yearly conferences in UK. They will continue to support their Christian work in the community. The intended reappointment of our present independent examiner at the upcoming trustee meeting is expected to support the financial operations by making it more effective.
RESERVE POLICY
It is the policy of the Church to maintain unrestricted funds, which are the reserves of the charity at about 3 months of unrestricted expenditure .This provides sufficient funds to cover any emergency expenditures that may arise from time to time. The church will maintain this level throughout the year.
RISK MANAGEMENT
The charity have assessed all the major risks to which the charity is exposed to, in particular those related to operations and finances of the charity, and are satisfied that systems are in place to mitigate exposure to major risks.
TRUSTEE RESPONSIBILITIES
Under the Charities Act 2011, the trustees are required to prepare a statement of accounts for each accounting year which gives a true and fair view of the state of the church. They are required to:
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Select suitable accounting policies and apply them consistently.
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Make judgements and estimates that are reasonable and prudent.
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State whether the applicable accounting standards have been followed.
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Prepare financial statements on an ongoing basis.
They are responsible for keeping proper records which disclose with reasonable accuracy the finances of the church at any time and to ensure that such accounts comply with the Charities Act 2011.They also have a responsibility to safeguard the assets of the church and to take reasonable steps to detect fraud or other irregularities. Approved by the Trustees on 29[th] November 2022 and signed on their behalf by:
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Independent Examiner’s Report To the Trustees CHRIST APOSTOLIC CHURCH GRACE & TRUTH MINISTRY BIRMINGHAM
I report on the accounts of the church for the year ended 28[th ] February 2022 set out on the following pages which have been prepared on the basis of the accounting policies shown in the corresponding pages.
Respective responsibilities of trustees and examiner
The trustees of the church are responsible for the preparation of accounts: they consider that the audit requirement under section 144(2) of the Charities Act 2011 (the 2011 Act),does not apply. It is my responsibility to :
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Examine the accounts under section 145 of the 2011 Act.
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Follow the procedures laid down in the General Directions given by the Charity Commissioners made under section 145(5)(b) of the 2011 Act.
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State whether particular matters have come to my attention.
Basis of Independent examiner’s report
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the church 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 I do not express an audit opinion on the view given by the accounts.
Independent examiner’s statement
In the course of my examination, no matter has come to my attention;
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(1) which gives me reasonable cause to believe that, in any material aspect, the trustees have not met the requirements to ensure that:
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proper accounting records are kept( in accordance with section 130 of the 2011 Act
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accounts are prepared which agree with the accounting records and comply with the accounting requirements of the 2011 Act: or
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(2) to which , in my opinion , attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Chuks Ajuka BSc(Man), FICB PMDip FRESH FIRE ORGANISATION Generator Business Centre 95 Miles Road Mitcham Surrey CR4 3FH
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CHRIST APOSTOLIC CHURCH GRACE & TRUTH MINISTRY BIRMNGHAM
Statement of Financial Activities for the year ended 28th February 2022
| Incoming ResourcesNote from generated funds Donations and Legacies 2 Investment income 3 Other Total Incoming Resources Resources Expended Expenditure on: Charitable Activities 5 Other 4 Total Resources Expended Net movement in funds Reconciliation of Funds Total Funds brought forward Total Funds carried forward |
Unrestricted Total Funds Funds 2022 2021 £ £ £ 71267 71267 43813 0 0 0 |
Unrestricted Total Funds Funds 2022 2021 £ £ £ 71267 71267 43813 0 0 0 |
|---|---|---|
| ___ ___ __ 71267 71267 0 0 |
___ 43813 0 |
|
| _________ 71267 71267 |
___ 43813 |
|
| _________ 64,553 64,553 1627 1627 |
___ 40663 2075 |
|
| _________ 66,180 66,180 |
___ 42738 |
|
| _________ 5,087 5,087 27108 27108 |
___ 1075 26033 |
|
| 32,195 32,195 |
27108 |
The above funds are all classed as to purpose All movements of funds and all recognised gains and losses are included above.
The notes on the accounts form part of these accounts.
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CHRIST APOSTOLIC CHURCH GRACE & TRUTH MINISTRY BIRMINGHAM Balance Sheet as at 28th February 2022
| Note 2022 Fixed Assets £ Tangible fixed assets 5 6511 _ 6511 _ Current Assets Cash at bank and 8237 in hand Debtors & prepayments 17947 26184 Creditors:amounts falling due within one year Creditors & accruals 8 500 _ Net Current Assets 25684 _ Net Assets 32195 Unrestricted Funds 32195 _ TOTAL FUNDS 32195 _ |
2021 £ 7814 __ 7814 |
|---|---|
| ___ 1745 18049 |
|
| 19794 500 |
|
| ___ 19294 |
|
| ___ 27108 27108 |
|
| _ 27108 _ |
Approved by the trustees on 29th November 2022 and signed on their behalf by :
The notes on these accounts form part of these accounts
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CHRIST APOSTOLIC CHURCH GRACE & TRUTH MINISTRY BIRINGIHAM NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 28[th] FEBRUARY 2022
1.1 Basis of Accounting
These accounts have been prepared under the historic cost convention with items Recognised at cost or transaction values otherwise stated in the relevant note(s) to These accounts. The accounts have been prepared in accordance with: The Statement of Recommended Practice: Accounting and Reporting by Charities Preparing their accounts in accordance with the Financial Reporting Standard Applicable in the UK and Republic of Ireland (FRS102) issued on 16 July 2014.
1.2 Going Concern: The accounts are prepared on a going concern basis.
1.3 The accounts present a true and fair view and no change have been made to the accounting policies adopted. 1.4 No changes to the accounting estimates have occurred in the reporting period 1.5 No material prior year error have been identified in the reporting period.
Recognition of Income
These are included in the Statement of Financial Activities (SOFA) when:
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The charity becomes entitled to resources;
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It is more likely than not that the trustees will receive the resources;
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The monetary value can be measured with sufficient reliability.
Grants and Donations
Grants and Donations are only included in the SOFA when the general income recognition criteria are met (5.10 to 512 FRS102 SORP)
.
Tax reclaim on donations and gifts
Gift Aid receivable is included in the income when there is a valid declaration from the donor. Any gift aid amount recovered on a donation is considered to be part of that gift and is treated in addition to the same fund as the initial donation unless the donor or the terms of the appeal have specified otherwise.
EXPENDITURE AND LIABILITIES
Liability Recognition
Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty.
Grants and Support Costs
Support costs have been allocated between the governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice.
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CHRIST APOSTOLIC CHURCH GRACE & TRUTH MINISTRY BIRMINGHAM NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 28[th] February 2022
Creditors
The charity has creditors which are measured at settlement amounts less any trade discounts.
ASSETS
Tangible Fixed Assets for use by the charity
They are capitalised if they can be used for more than one year. They are valued at cost. The depreciation is calculated at 20% reducing balance method.
Debtors
Debtors are measured on initial recognition at settlement amount. Subsequently they are measured at cash.
.
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CHRIST APOSTOLIC CHURCH GRACE & TRUTH MINISTRY BIRMINGHAM Notes to the accounts for year ended 28th February 2022
2 Voluntary Income
| Unrestricted | Total fundsTotal funds | |
|---|---|---|
| Funds Restricted |
2022 2021 |
|
| Church collections | £ £ |
£ £ |
| Donations | 71267 | 71267 43813 |
| _________ | ||
| Total | 71267 | 71267 43813 |
| _________ |
3 Investment income
| Unrestricted | Unrestricted | Total fundsTotal funds | Total fundsTotal funds | |||
|---|---|---|---|---|---|---|
| Funds £ | 2022/£ | 2021/£ | ||||
| Bank Interest | 0 | 0 | 0 | |||
| **4 ** | Other | amount £/2022 | Amount £/2021 | |||
| Training | 0 | 0 | ||||
| Publicity | 0 | 123 | ||||
| Depreciation | 1627 | 1952 | ||||
| _________ | ||||||
| Total | 1627 | 2075 | ||||
| _________ | ||||||
| **5 ** | Tangible Fixed Assets | Vehicles | Equipment | Fixt & Fitt | Total 2022 | |
| Cost | £ | £ | £ | £ | ||
| At 01/03/2021 | 19560 | 7114 | 9349 | 36023 | ||
| Additions | 0 | 324 | 0 | 324 | ||
| At 28/02/2022 | 19560 | 7438 | 9349 | 36347 | ||
| Depreciation | ||||||
| At 01/03/2021 | 15645 | 5997 | 6567 | 28209 | ||
| charge for the year | 783 | 288 | 556 | 1627 | ||
| At 28/02/2022 | 16428 | 6285 | 7123 | 29836 | ||
| Net Book Value at | 28/02/2022 | 3132 | 1153 | 2226 | 6511 | |
| Net Book Value at 01/03/2021 | 3915 | 1117 | 2782 | 7814 |
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CHRIST APOSTOLIC CHURCH GRACE & TRUTH MINISTRY BIRMINGHAM Notes to the accounts for year ended 28th February 2022
| **6 ** | Cost of Activities in furtherance of Charity's Objectives Unrestricted 2022/£ 2021/£ Advert 369 0 Welfare 2901 190 Light & heat 3804 1501 Conference costs 5879 1500 Insurance 0 250 Travel & Substitence 1600 0 Storage costs 1685 0 Events 0 440 Youth Ministry 1000 2500 Missions-Nigeria 4550 2390 Subscription 125 120 Donation 525 572 Outreach costs 500 0 Renovation costs 0 3000 HMRC 1451 0 Bank charges 32 0 Accounting services 795 500 Waste services 250 0 Fuel 0 613 Repairs 0 0 Books 605 150 Wages & Salaries 18081 2425 Building rent 17043 22530 Professional fees 536 1060 Telephone & Internet 662 0 Web hosting 0 316 Rates 1590 606 Refreshments 350 0 Governance 0 0 Choir robes 0 0 Supplies 220 0 _______ TotAL 64553 40663 ________ |
|---|---|
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CHRIST APOSTOLIC CHURCH GRACE & TRUTH MINISTRY BIRMINGHAM Notes to the accounts for year ended 28th February 2022
| Governance Costs Independent examination Administration Total Staff Costs Salaries HMRC Total |
2022/£ 2021/£ 500 500 |
|---|---|
| 500 500 |
|
| 2022/£ 2021/£ 18081 2425 1451 0 |
|
| 19532 2425 |
No employee earned more than £30,000 p.a. There were 2 employees on staff.
8 Creditors: amounts falling due within one year 2022/£ 2021/£ Creditors 500 500 9 Debtors and Prepayments 2022/£ 2021/£ Debtors 17947 18049
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