CHRIST APOSTOLIC CHURCH - VESSEL UNTO HONOUR
CHARITY NUMBER 1150350
REPORTS AND ACCOUNTS
For the Year Ended 31 March 2023
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 2023
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
-1-
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, 2023 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
-
which gives us reasonable cause to believe that, in any material respect, the requirements:
-
to keep accounting records in accordance with section 41 of the 1993 Act; and
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 1993 Act have not been met; or
-
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 23/01/2024
FANLA & CO
___ DATE
UNIT 10, WARWICK HOUSE OVERTON ROAD LONDON SW9 7JP
-2-
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 2023
-
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 £ - 30,940
-
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 25/01/2024
Signed on behalf of the trustees.
Sogunsanu
25/01/2024
____ ______ SAMUEL O. OGUNSANU - Chair DATE
-3-
Charity No: 1150350
CHRIST APOSTOLIC CHURCH VESSEL UNTO HONOUR
BALANCE SHEET
As At 31 Mar. 2023
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
| 2023 2022 £ £ £ £ |
2023 2022 £ £ £ £ |
2023 2022 £ £ £ £ |
2023 2022 £ £ £ £ |
|
|---|---|---|---|---|
| 10,777 | 17,189 | |||
| 10,777 | 17,189 | |||
| - | - | |||
| 23,521 | 46,762 | |||
| 23,521 | 46,762 | |||
| 7,655 | 6,368 | |||
| 7,655 | 6,368 | |||
| 15,866 | 40,394 | |||
| 26,643 | 57,583 | |||
| 57,583 | 41,593 | |||
| 30,940 - |
15,990 | |||
| 26,643 | 57,583 |
----- Start of picture text -----
Signature Sogunsanu
Name SAMUEL O. OGUNSANU - Chair
Date of Approval 25/01/2024
----- End of picture text -----
-4-
Charity No: 1150350
CHRIST APOSTOLIC CHURCH VESSEL UNTO HONOUR
STATEMENT OF FINANCIAL ACTIVITIES
for the year ended 31 Mar. 2023
2023 2022
(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)
| £ £ £ £ |
£ £ £ £ |
£ £ £ £ |
£ £ £ £ |
|---|---|---|---|
| 109,448 | 91,677 | ||
| - | 4 | ||
| 113 | 6,450 | ||
| 109,561 | 98,131 |
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 CACWW & Other Ministries
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 2022 Balance c/f at 31 Mar. 2023
| 6,160 | 6,133 | ||
|---|---|---|---|
| 8,558 | 7,588 | ||
| 22,034 | - | ||
| 18,501 | 6,158 | ||
| 19,991 | 18,632 | ||
| 7,231 | - | ||
| 4,822 | 3,456 | ||
| 4,825 | 3,268 | ||
| 544 | 500 | ||
| 3,250 | 2,182 | ||
| 215 | |||
| 240 | 240 | ||
| 31,956 | 24,980 | ||
| 4,678 | 3,445 | ||
| 322 | - | ||
| - | 146 | ||
| 760 | 1,000 | ||
| 6,412 | 4,412 | ||
| 140,501 | 82,141 | ||
| 30,940 - |
15,990 | ||
| 57,583 | 41,593 | ||
| 26,643 | 57,583 |
-5-
Charity No: 1150350
CHRIST APOSTOLIC CHURCH VESSEL UNTO HONOUR
NOTES TO THE ACCOUNTS
For the year ended 31 Mar. 2023
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 2022 Additions/(disposals) during the year At 31 Mar 2023 DEPRECIATION As at 01 April 2022 Charge for the year At 31 Mar 2023 NET BOOK VALUE At 31 Mar 2023 At 31 Mar 2022 |
Furnit & Motor Equipmt Fittings Vehicle Total £ £ £ £ 22,509 3,140 - 25,649 - - - |
|---|---|
| 22,509 3,140 - 25,649 |
|
| 7,610 850 - 8,460 5,627 785 - 6,412 |
|
| 13,237 1,635 - 14,872 |
|
| 9,272 1,505 - 10,777 |
|
| 14,899 2,290 - 17,189 |
-6-