2021-03-31-accounts

CHRIST APOSTOLIC CHURCH - VESSEL UNTO HONOUR

CHARITY NUMBER 1150350

REPORTS AND ACCOUNTS

For the Year Ended 31 March 2021

FANLA & C0

Accountants and Consultants

Charity No: 1150350

CHRIST APOSTOLIC CHURCH VESSEL UNTO HONOUR

TRUST INFORMATION

TRUSTEES: SAMUEL O. OGUNSANU - Chair PASTOR GABRIEL TAIWO MR ABIOLA BABALOLA MR DEBOLA OGUNNOWO MRS DORCAS FAGBEMI

REGISTERED CHARITY NO: 1150350 CONTACT ADDRESS: 29 SUTHERLAND ROAD BELVEDERE KENT DA17 6JR

INDEPENDENT EXAMINERS: FANLA & CO

(ACCOUNTANTS & CONSULTANTS) UNIT 10, WARWICK HOUSE OVERTON ROAD LONDON SW9 7JP

REPORT AND ACCOUNTS: 31 MARCH 2021

Page 2 - INDEPENDENT EXAMINER'S REPORT

3 - REPORT OF THE TRUSTEES

4 - BALANCE SHEET

5 - STATEMENT OF FINANCIAL ACTIVITIES AND NET INCOMING/(OUTGOING) RESOURCE

6 - NOTES TO THE ACCOUNTS

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INDEPENDENT EXAMINER'S REPORT

To The Trustees of

CHRIST APOSTOLIC CHURCH VESSEL UNTO HONOUR

Charity No: 1150350

On the Accounts for the year ended 31 March, 2021 Set out on pages 4 and 5

Respective Responsibilities of Trustees and Examiner

As trustees you are responsible for the preparation of the accounts. You consider that an audit is not required for this year under section 43(2) of the Charities Act 1993 (the 1993 Act) and that an independent examination is needed.

It is our responsibility to:

• examine the accounts under section 43 of the 1993 Act,

• follow the procedures laid down in the general Directions given by the Charity Commission (under section 43(7)(b) of the 1993 Act, and

• state whether particular matters have come to our attention.

Basis of Independent Examiner's Statement

Our examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity 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 the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair' view and the report is limited to those matters set out in the statement below.

Independent Examiner's Statement

In connection with our examination, no matter has come to our attention

1. which gives us reasonable cause to believe that, in any material respect, the requirements:

2. to keep accounting records in accordance with section 41 of the 1993 Act; and

3. to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 1993 Act have not been met; or

4. to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Signed:

fanla&Co

28/10/2022

FANLA & CO

___ DATE

UNIT 10, WARWICK HOUSE OVERTON ROAD LONDON SW9 7JP

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Charity No: 1150350

CHRIST APOSTOLIC CHURCH VESSEL UNTO HONOUR

REPORT OF THE TRUSTEES

• 1 The trustees present with pleasure their annual report together with the accounts of the Trust for the year ended 31 March 2021

• 2 Principal Acitivity The principal activities of the Trust during the year were that of preaching, teaching, healing and providing assistance to members in accordance with the words of our Lord Jesus Christ.

• 3 Net Incoming/(Outgoing) Resource The Net Incoming/(Outgoing) Resource for the year was £ 17,778

• 4 Trustees' Responsibilities

• The trustees are required to comply with their obligations under the Charities Act 1993 (or any statutory re-enactment or modification of that Act) with regard to:

• a) the keeping of accounting records for the Trust and of all matters in respect of which such receipt and expenditure shall take place and of the property for the time being subject to the Charity and of all liabilities in connection therewith;

• b) the preparation of annual statements of accounts for the Trust

• c) the auditing or independent examination of statements of accounts of the Trust; and

• d) the transmission of the statements of accounts of the Trust to the Commissioners.

The trustees are also responsible for ensuring that proper minutes are entered and kept of all resolutions and proceedings of the Trust's meetings.

• 5 Fixed Assets

• Details can be seen on page 6.

This report was approved by the trustees on 30/10/2022

Signed on behalf of the trustees.

Sogunsanu

30/10/2022

____ ______ SAMUEL O. OGUNSANU - Chair DATE

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Charity No: 1150350

CHRIST APOSTOLIC CHURCH VESSEL UNTO HONOUR

BALANCE SHEET

As At 31 Mar. 2021

notes Fixed Assets Tangible Assets 3 Investments Total Fixed Assets

Current Assets

Debtors & Prepayments Cash in Hand & at Bank Total Current Assets

Current Liabilities

Creditors & Accrued Expenses Total Current Liabilities

Net Current Assets/(Liabilities)

Net Assets

REPRESENTED BY

ACCUMULATED FUND

Opening Balance Net Incoming/(Outgoing) Resource for the year Closing Balance

	2021 2020 £ £ £ £	2021 2020 £ £ £ £	2021 2020 £ £ £ £	2021 2020 £ £ £ £
		11,186		2,549
		11,186		2,549
	-		-
	34,119		24,738
		34,119		24,738
	3,712		3,472
		3,712		3,472
		30,407		21,266
		41,593		23,815
	23,815		9,834
	17,778		13,981
		41,593		23,815

----- Start of picture text -----
Signature Sogunsanu
Name SAMUEL O. OGUNSANU - Chair
Date of Approval 30/10/2022
----- End of picture text -----

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Charity No: 1150350

CHRIST APOSTOLIC CHURCH VESSEL UNTO HONOUR

STATEMENT OF FINANCIAL ACTIVITIES

for the year ended 31 Mar. 2021

2021 2020

(all unrestricted funds)

notes

Incoming Resources

Receipt:

2

• Contributions, Donations, Cheerful Givers, Offerings, Tithes, Thanksgivings, etc - Income Tax Recoverable - Bank Interest Less Charges

• HMRC JRS Grant

Total incoming resourses (a)

£ £ £ £	£ £ £ £	£ £ £ £	£ £ £ £
	73,477		72,161
	10		4
	10,447		-
	83,933		72,165

Resources Expended

Cost of Generating Funds Aniversary & Entertainment Expenses Charitable Expenditure

Grants & Donations Payable Donations, Gifts & Subscriptions Pastoral Costs of activities for charitable objectives Volunteers Expenses Salaries & Wages Employers' N I C

Support Costs

Repairs, Maintenance & Materials Light, Heat & Water Rate Telephone/Fax & Internet Printing, Stationery & Postage Advertisement & Publicity Insurance Legal & Professional/Payroll Costs Rent & Rates Motor Running & Travelling Training Guest Speakers Sundries Management & Administration Bank Interest & Charges Accountancy/Independent Examiners' Fee Depreciation Total Resources Expended (b) NET MOVEMENT IN FUNDS (a-b) Balance b/f at 01 Apr 2020 Balance c/f at 31 Mar. 2021

3,633		2,575
6,008		3,826
-
4,938		4,840
16,938		12,000
1,956		2,576
2,438		1,970
455		675
1,432		1,280
240		240
23,715		23,795
1,645		1,365
127		206
1,000		1,000
1,631		1,836
	66,155		58,184
	17,778		13,981
	23,815		9,834
	41,593		23,815

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Charity No: 1150350

CHRIST APOSTOLIC CHURCH VESSEL UNTO HONOUR

NOTES TO THE ACCOUNTS

For the year ended 31 Mar. 2021

1.0 ACCOUNTING POLICIES

• 1.1 Basis of Accounting: The Accounting have been prepared under the historical cost convention and in accordance with applicable accounting standards and the Statement of Recommended Practice on Accounting by Charities.

• 1.2 Fixed Assets: Fixed Assets are stated at cost

• 1.3 Depreciation: Depreciation is provided on the straight line basis to write off fixed assets over their expected useful lives as follows:

Office Equipment 25% p.a Furniture & Fittings 25% p.a

2.0 RECEIPT:

Receipt consists of Members Tithes, Offerings, Special Offerings and Cheerful

• 3.0 TANGIBLE FIXED ASSETS: Tangible fixed assets are made up of the following

COST As at 01 April 2020 Additions/(disposals) during the year At 31 Mar 2021 DEPRECIATION As at 01 April 2020 Charge for the year At 31 Mar 2021 NET BOOK VALUE At 31 Mar 2021 At 31 Mar 2020	Furnit & Motor Equipmt Fittings Vehicle Total £ £ £ £ 6,522 860 - 7,382 7,987 2,280 10,267
	14,509 3,140 - 17,649
	3,983 850 - 4,833 1,631 - - 1,631
	5,614 850 - 6,464
	8,896 2,290 - 11,186
	2,539 10 - 2,549

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