## CHRIST APOSTOLIC CHURCH - VESSEL UNTO HONOUR **CHARITY NUMBER 1150350** ## REPORTS AND ACCOUNTS For the Year Ended 31 March 2024 Accountants and Consultants **FANLA & C0** **Charity No: 1150350** **CHRIST APOSTOLIC CHURCH VESSEL UNTO HONOUR** ## TRUST INFORMATION TRUSTEES: MICHAEL O. OGUNSANU - Chair 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 2024 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, 2024 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: - 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 2. 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_ 02/01/2025 ## **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 2024 - 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 £ - 10,717 - 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 05/01/2025 Signed on behalf of the trustees. **----- Start of picture text -----**
Moogunsanu 05/01/2025
_______________________________ _______________
MICHAEL O. OGUNSANU - Chair DATE
**----- End of picture text -----**
**-3-** **Charity No: 1150350** ## **CHRIST APOSTOLIC CHURCH VESSEL UNTO HONOUR** ## **BALANCE SHEET** As At 31 Mar. 2024 **----- Start of picture text -----**
2024 2023
notes
£ £ £ £
3 4,365 10,777
4,365 10,777
=————
- -
16,211 23,521
16,211 23,521
=—=———
4,650 7,655
4,650 7,655
————
11,561 15,866
ee
15,926 26,643
ee
26,643 57,583
Net Incoming/(Outgoing) Resource for the year - 10,717 - 30,940
15,926 26,643
=—=———
J
Signature
Name MICHAEL O. OGUNSANU - Chair
Date of Approval — 05/01/2025
**----- End of picture text -----**
**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 **-4-** **Charity No: 1150350** ## **CHRIST APOSTOLIC CHURCH VESSEL UNTO HONOUR** ## **STATEMENT OF FINANCIAL ACTIVITIES** for the year ended 31 Mar. 2024 **2024 2023** ## **(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) |**£**
**£**
**£**
**£**|**£**
**£**
**£**
**£**|**£**
**£**
**£**
**£**|**£**
**£**
**£**
**£**| |---|---|---|---| ||||| ||||| ||110,411||109,448| ||||| ||229||-| ||-||113| ||||| ||**110,640**||**109,561**| ## **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 2023 Balance c/f at 31 Mar. 2024 |7,000||6,160|| |---|---|---|---| ||||| |-||8,558|| |15,566||22,034|| ||||| |24,730||18,501|| |18,560||19,991|| |4,098||7,231|| ||||| ||||| |3,680||4,822|| |2,800||4,825|| |1,016||544|| |3,022||3,250|| ||||| |231||215|| |240||240|| |27,248||31,956|| |5,993||4,678|| ||||| ||||| |-||322|| ||||| |-||-|| |760||760|| |6,412||6,412|| ||||| ||**121,357**||**140,501**| ||||| ||**10,717**
**-**||**30,940**
**-**| ||**26,643**||**57,583**| ||**15,926**||**26,643**| **-5-** **Charity No: 1150350** **CHRIST APOSTOLIC CHURCH VESSEL UNTO HONOUR** ## **NOTES TO THE ACCOUNTS** For the year ended 31 Mar. 2024 ## 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 Givers. ## 3.0 TANGIBLE FIXED ASSETS: Tangible fixed assets are made up of the following |**COST**
**As at 01 April 2023**
Additions/(disposals) during the year
**At 31 Mar 2024**
**DEPRECIATION**
**As at 01 April 2023**
Charge for the year
**At 31 Mar 2024**
**NET BOOK VALUE**
**At 31 Mar 2024**
**At 31 Mar 2023**|Furnit &
Motor
Equipmt
Fittings
Vehicle
Total
**£**
**£**
**£**
**£**
22,509
3,140
-
25,649
-
-
-| |---|---| ||22,509
3,140
-
25,649| ||13,237
1,635
-
14,872
5,627
785
-
6,412| ||18,864
2,420
-
21,284| ||**3,645**
**720**
**-**
**4,365**| ||**9,272**
**1,505**
**-**
**10,777**| **-6-**