CHRIST APOSTOLIC CHURCH GRACE & TRUTH MINISTRY BIRMINGHAM
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28[TH] February 2024
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 2024
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 2024
The trustees are pleased to present their report for the year ended 28[th] February 2024 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 £122,000. 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 and running outreach events in the community. 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 18[th] November 2024 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 2024 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 2024
| 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 2024 2023 £ £ £ 93797 93797 72421 0 0 0 |
Unrestricted Total Funds Funds 2024 2023 £ £ £ 93797 93797 72421 0 0 0 |
|---|---|---|
| ___ ___ __ 93797 93797 28548 28548 |
___ 72421 19060 |
|
| _________ 122345 122345 |
___ 91481 |
|
| _________ 105,168 105,168 5186 5186 |
___ 85948 2902 |
|
| _________ 110,354 110,354 |
___ 88850 |
|
| _________ 11,991 11,991 34826 34826 |
___ 2631 32195 |
|
| 46,817 46,817 |
34826 |
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 2024
| Note 2024 Fixed Assets £ Tangible fixed assets 5 16476 _ 16476 _ Current Assets Cash at bank and 11910 in hand Debtors & prepayments 18931 30841 Creditors:amounts falling due within one year Creditors & accruals 8 500 _ Net Current Assets 30341 _ Net Assets 46817 Unrestricted Funds 46817 _ TOTAL FUNDS 46817 _ |
2023 £ 11609 __ 11609 |
|---|---|
| ___ 4578 19139 |
|
| 23717 500 |
|
| ___ 23217 |
|
| ___ 34826 34826 |
|
| _ 34826 _ |
Approved by the trustees on 18th November 2024 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 2024
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 2024
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 2024
2 Voluntary Income
| Unrestricted | Total fundsTotal funds | |
|---|---|---|
| Funds Restricted |
2024 2023 |
|
| Church collections | £ £ |
£ £ |
| Donations | 93797 | 93797 72421 |
| _________ | ||
| Total | 93797 | 93797 72421 |
| _________ |
3 Investment income
| Unrestricted | Unrestricted | Total fundsTotal funds | Total fundsTotal funds | |||
|---|---|---|---|---|---|---|
| Funds £ | 2024/£ | 2023/£ | ||||
| Bank Interest | 0 | 0 | 0 | |||
| **4 ** | Other | amount £/2024 | Amount £/2023 | |||
| Training | 0 | 0 | ||||
| Sundry | 1067 | 0 | ||||
| Depreciation | 4119 | 2902 | ||||
| _________ | ||||||
| Total | 5186 | 2902 | ||||
| _________ | ||||||
| Instument | ||||||
| **5 ** | Tangible Fixed Assets | Vehicles | Equipment | Fixt & Fitt | Total 2024 | |
| Cost | £ | £ | £ | £ | ||
| At 01/03/2023 | 27560 | 7438 | 9349 | 44347 | ||
| Additions | 4300 | 4206 | 480 | 8986 | ||
| At 28/02/2024 | 31860 | 11644 | 9829 | 53333 | ||
| Depreciation | ||||||
| At 01/03/2023 | 18654 | 6516 | 7568 | 32738 | ||
| charge for the year | 2641 | 1026 | 452 | 4119 | ||
| At 28/02/2024 | 21295 | 7542 | 8020 | 36857 | ||
| Net Book Value at | 28/02/2024 | 10565 | 4102 | 1809 | 16476 | |
| Net Book Value at 01/03/2023 | 8906 | 922 | 1781 | 11609 |
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CHRIST APOSTOLIC CHURCH GRACE & TRUTH MINISTRY BIRMINGHAM Notes to the accounts for year ended 28th February 2024
| **6 ** | Cost of Activities in furtherance of Charity's Objectives Unrestricted 2024/£ 2023/£ Advert 625 869 Welfare 6705 5934 Light & heat 5024 3362 Conference costs 24809 16443 Insurance 425 486 Travel & Substitence 4206 430 Repairs 278 0 Events 6000 0 Youth Ministry 0 1000 Missions-Nigeria 5730 0 Subscription 284 144 Donation 1050 2080 Outreach costs 668 0 Renovation costs 6935 4980 HMRC 423 1673 Bank charges 333 337 Accounting services 560 500 Waste services 0 300 Fuel 171 0 Music Services 5562 1274 Books & Stationery 1120 2921 Wages & Salaries 11198 15785 Building rent 13287 15631 Professional fees 473 814 Telephone & Internet 1951 1193 Web hosting 0 200 Rates 1027 1836 Refreshments 18 6790 Card services 0 178 Hotel 238 0 Supplies 6068 788 _______ TotAL 105168 85948 ________ |
|---|---|
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CHRIST APOSTOLIC CHURCH GRACE & TRUTH MINISTRY BIRMINGHAM Notes to the accounts for year ended 28th February 2023
| Governance Costs Independent examination Administration Total Staff Costs Salaries HMRC Total |
2023/£ 2022/£ 500 500 |
|---|---|
| 500 500 |
|
| 2023/£ 2022/£ 15785 18081 1673 1451 |
|
| 17458 19532 |
No employee earned more than £30,000 p.a. There were 2 employees on staff.
8 Creditors: amounts falling due within one year 2023/£ 2022/£ Creditors 500 500 9 Debtors and Prepayments 2023/£ 2022/£ Debtors 18931 17947
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