CHRIST APOSTOLIC CHURCH - HOUSE OF GLORY MISSION INTERNATIONAL
ACCOUNTS
31 MARCH 2023
Charity Number 1153312
CHRIST APOSTOLIC CHURCH - HOUSE OF GLORY MISSION INTERNATIONAL
ACCOUNTS
YEAR ENDED 31 MARCH 2023
| CONTENTS | PAGE |
|---|---|
| Trustees' annual report | 1 |
| Independent examiner's report to the trustees | 4 |
| Statement of financial activities | 6 |
| Balance sheet | 7 |
| Notes to the accounts | 8 |
CHRIST APOSTOLIC CHURCH - HOUSE OF GLORY MISSION INTERNATIONAL
TRUSTEES' ANNUAL REPORT
YEAR ENDED 31 MARCH 2023
The trustees present their report and the unaudited accounts of the charity for the year ended 31 March 2023.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered charity name Christ Apostolic Church - House of Glory Mission International
Charity registration number 1153312 Principal office 29 Pembury Avenue Worcester Park UK KT4 8BU
The trustees
The trustees who served the charity during the period were as follows:
Rev Rufus Thomas Mr Gbemileke Sanyaolu Rev Olamigoke Paul Taiwo
Independent examiner
Kofi Nyarko Boahene FCCA MBA CGA CPA KBNG Accountants & Business Advisors Sharond Sandhurst Road Tilbury Essex UK RM18 8DH
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CHRIST APOSTOLIC CHURCH - HOUSE OF GLORY MISSION INTERNATIONAL
TRUSTEES' ANNUAL REPORT (continued)
YEAR ENDED 31 MARCH 2023
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The Charity governing document is a declaration of trust that was adopted on 26 June 2013. The Charity is governed by board on which the trustees are represented. There are no restrictions in the governing documents on the operation of the charity or on its investment powers other than those imposed by general charity Law.
Leadership Team
The Leadership Team is responsible for the administration and management of the local church, general purposes, finances and personnel. Capital projects and expenditure require the approval of the leadership team. This team meet regularly to discuss and plan objectives and implementation thereof. All matters are subject to prayer and God's direction. Appointments of officers are governed by the constitution of the church.
Trustee Induction and Training
New trustees undergo orientation where they are briefed on their legal obligations under Charity Law, the content of the constitution and the processes on decision making within the organisation. The Charity encourages trustees to attend, at their discretion; appropriate external training events were these will be of use for the undertaking of the role.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The board of trustees actively review the major risks facing the charity on a regular basis and ensure measures are put in place to safeguard the charity's fund and assets. The trustees also ensure that legal advice is sought when necessary on crucial issues concerning the ministry.
OBJECTIVES AND ACTIVITIES
We have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing our aims and objectives and in planning our future activities.
The vision of the church is "Saving souls and making them better through Christ." To help achieve this, the following objectives have been set: To expand and develop the ministry of CGCC through Sunday and mid-week worship services, children's ministries, youth ministries, prayer and ministry training, bible studies and small groups meetings.
To minister to the congregation and the local community through family life, relationship and other ministry programmes.
To establish social programmes to provide food, clothes and shelter for the needy and care for the sick.
To educate and equip the congregation and other churches in the practice of ministry through ACCI based conferences.
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CHRIST APOSTOLIC CHURCH - HOUSE OF GLORY MISSION INTERNATIONAL
TRUSTEES' ANNUAL REPORT (continued)
YEAR ENDED 31 MARCH 2023
ACHIEVEMENTS AND PERFORMANCE
PUBLIC BENEFIT - MINISTRY OUTREACH AND BENEFITS
“The church's activities are available to Christians and non-Christians, members and non-members alike; there is no restriction to attendance. The community have been attracted to and enjoyed our weekly services, conferences and programmes. During the year under review, various live changing conferences were held where participants where challenged to make a difference in their environment.
“We minister to the congregation and the local community by emphasising on the virtues and importance of strong families, values of voting and social responsibility, continually advocates self-development and business enterprise through seminars, workshops and practical advice.
“Seeking new followers or adherent - The members in general and the Evangelism team regularly go out to preach the Gospel in different locations and areas.
“We also aid the local community by providing carrier counselling, pre and post marital counselling, bereavement counselling, hospital visits, prison visits, welfare provision, prayer support, men and women's meetings and supporting local charities.
Volunteers
Members of the charity who are professionals in their various field of work and study volunteered in different capacities during the year under review and their work has not been quantified.
FINANCIAL REVIEW
Please refer to the annexed accounts for the details of the financial statements for the year ended 31 March 2023.
Signed by order of the trustees
Rev Taiwo Trustee
Date: 19 December 2023
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CHRIST APOSTOLIC CHURCH - HOUSE OF GLORY MISSION INTERNATIONAL
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHRIST APOSTOLIC CHURCH - HOUSE OF GLORY MISSION INTERNATIONAL
YEAR ENDED 31 MARCH 2023
I report on the accounts of the charity for the year ended 31 March 2023 which are set out on pages 6 to 11.
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts under section 145 of the 2011 Act;
-
to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
-
to 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 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 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 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 my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements:
-
to keep accounting records in accordance with section 130 of the 2011 Act; and
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Kofi Nyarko Boahene FCCA MBA CGA CPA Independent examiner KBNG Accountants & Business Advisors Sharond, Sandhurst Road. Tilbury, Essex RM18 8DH
Date: 23 December 2023
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CHRIST APOSTOLIC CHURCH - HOUSE OF GLORY MISSION INTERNATIONAL
STATEMENT OF FINANCIAL ACTIVITIES
YEAR ENDED 31 MARCH 2023
| Total Funds | Total Funds | ||
|---|---|---|---|
| 2023 | 2022 | ||
| Note | £ | £ | |
| INCOMING RESOURCES | |||
| Incoming resources from generating funds: | |||
| Voluntary income | 2 | 233,992 | 195,481 |
| Other incoming resources | 3 | 35,830 | – |
| ────────── | ────────── | ||
| TOTAL INCOMING RESOURCES | 269,822 | 195,481 | |
| ────────── | ────────── | ||
| RESOURCES EXPENDED | |||
| Costs of generating funds: | |||
| Costs of generating voluntary income | 4 | – | (7,357) |
| Charitable activities | 5/6 | (243,556) | (167,928) |
| Governance costs | 7 | (25,920) | (19,226) |
| ────────── | ────────── | ||
| TOTAL RESOURCES EXPENDED | (269,476) | (194,511) | |
| ────────── | ────────── | ||
| NET INCOMING RESOURCES FOR THE YEAR | 8 | 346 | 970 |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward | 5,608 | 4,638 | |
| ─────── | ─────── | ||
| TOTAL FUNDS CARRIED FORWARD | 5,954 | 5,608 | |
| ═══════ | ═══════ |
All of the above amounts relate to continuing activities.
The notes on pages 8 to 11 form part of these accounts.
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CHRIST APOSTOLIC CHURCH - HOUSE OF GLORY MISSION INTERNATIONAL
BALANCE SHEET
31 MARCH 2023
| 2023 | 2022 | ||
|---|---|---|---|
| Note | £ | £ | |
| FIXED ASSETS | |||
| Tangible assets | 10 | 9,136 | 7,331 |
| CURRENT ASSETS | |||
| Cash at bank | 1,018 | 777 | |
| CREDITORS: Amounts falling due within one year | 11 | (4,200) | (2,500) |
| ─────── | ─────── | ||
| NET CURRENT LIABILITIES | (3,182) | (1,723) | |
| ─────── | ─────── | ||
| TOTAL ASSETS LESS CURRENT LIABILITIES | 5,954 | 5,608 | |
| ─────── | ─────── | ||
| NET ASSETS | 5,954 | 5,608 | |
| ═══════ | ═══════ | ||
| FUNDS | |||
| Unrestricted income funds | 12 | 5,954 | 5,608 |
| ─────── | ─────── | ||
| TOTAL FUNDS | 5,954 | 5,608 | |
| ═══════ | ═══════ |
The notes on pages 8 to 11 form part of these accounts.
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CHRIST APOSTOLIC CHURCH - HOUSE OF GLORY MISSION INTERNATIONAL
NOTES TO THE ACCOUNTS
YEAR ENDED 31 MARCH 2023
1. ACCOUNTING POLICIES
Basis of accounting
The accounts have been prepared under the historical cost convention and in accordance with applicable United Kingdom accounting standards and the requirements of the Statement of Recommended Practice 'Accounting and Reporting by Charities' issued in March 2005 (SORP 2005).
Fixed assets
All fixed assets are initially recorded at cost.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Equipment - 25% reducing balance.
2. VOLUNTARY INCOME
| Unrestricted | Total Funds | Total Funds | |
|---|---|---|---|
| Funds | 2023 | 2022 | |
| £ | £ | £ | |
| Donations | |||
| Offering & Voluntary Giving | 160,585 | 160,585 | 137,381 |
| Gift Aid | 73,407 | 73,407 | 58,100 |
| ────────── | ────────── | ────────── | |
| 233,992 | 233,992 | 195,481 | |
| ══════════ | ══════════ | ══════════ | |
| OTHER INCOMING RESOURCES | |||
| Unrestricted | Total Funds | Total Funds | |
| Funds | 2023 | 2022 | |
| £ | £ | £ | |
| Other income type | 35,830 | 35,830 | – |
| ═════════ | ═════════ | ════ |
3. OTHER INCOMING RESOURCES
4. COSTS OF GENERATING VOLUNTARY INCOME
| Total Funds | Total Funds | |
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Advertising & Media Ministry | – | 7,357 |
| ════ | ═══════ |
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CHRIST APOSTOLIC CHURCH - HOUSE OF GLORY MISSION INTERNATIONAL
NOTES TO THE ACCOUNTS
YEAR ENDED 31 MARCH 2023
5. COSTS OF CHARITABLE ACTIVITIES BY FUND TYPE
| Unrestricted | Total Funds | Total Funds | ||
|---|---|---|---|---|
| Funds | 2023 | 2022 | ||
| £ | £ | £ | ||
| Rent & Hall Hire | 24,000 | 24,000 | 15,062 | |
| Honorarium | 12,139 | 12,139 | 8,423 | |
| Pastoral & Members Welfare | 44,091 | 44,091 | 33,284 | |
| Printing, Postage & Stationery | 2,845 | 2,845 | 1,339 | |
| Catering & Refreshment | 8,935 | 8,935 | 4,835 | |
| Services & Church Expenses | 48,915 | 48,915 | 33,798 | |
| Missions & Outreach | 37,913 | 37,913 | 36,961 | |
| Travel & Miscellaneous Motor Expenses | 2,453 | 2,453 | 2,670 | |
| Ministerial & Mission House | 7,854 | 7,854 | 6,984 | |
| Insurance, Premises, Repairs & Renewals | 49,974 | 49,974 | 22,428 | |
| Utilities | 3,500 | 3,500 | 1,831 | |
| Telephone & IT | 937 | 937 | 313 | |
| ────────── | ────────── | ────────── | ||
| 243,556 | 243,556 | 167,928 | ||
| ══════════ | ══════════ | ══════════ | ||
| 6. | COSTS OF CHARITABLE ACTIVITIES BY ACTIVITY TYPE | |||
| Total Funds | Total Funds | |||
| 2023 | 2022 | |||
| £ | £ | £ | ||
| Rent & Hall Hire | 24,000 | 24,000 | 15,062 | |
| Honorarium | 12,139 | 12,139 | 8,423 | |
| Pastoral & Members Welfare | 44,091 | 44,091 | 33,284 | |
| Printing, Postage & Stationery | 2,845 | 2,845 | 1,339 | |
| Catering & Refreshment | 8,935 | 8,935 | 4,835 | |
| Services & Church Expenses | 48,915 | 48,915 | 33,798 | |
| Missions & Outreach | 37,913 | 37,913 | 36,961 | |
| Travel & Miscellaneous Motor Expenses | 2,453 | 2,453 | 2,670 | |
| Ministerial & Mission House | 7,854 | 7,854 | 6,984 | |
| Insurance, Premises, Repairs & Renewals | 49,974 | 49,974 | 22,428 | |
| Utilities | 3,500 | 3,500 | 1,831 | |
| Telephone & IT | 937 | 937 | 313 | |
| ────────── | ────────── | ────────── | ||
| 243,556 | 243,556 | 167,928 | ||
| ══════════ | ══════════ | ══════════ |
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CHRIST APOSTOLIC CHURCH - HOUSE OF GLORY MISSION INTERNATIONAL
NOTES TO THE ACCOUNTS
YEAR ENDED 31 MARCH 2023
7. GOVERNANCE COSTS
| Unrestricted | Total Funds | Total Funds | ||
|---|---|---|---|---|
| Funds | 2023 | 2022 | ||
| £ | £ | £ | ||
| Salaries and wages | 8,400 | 8,400 | 8,400 | |
| Accountancy fees | 4,201 | 4,201 | 2,500 | |
| Legal & Professional fees | 8,500 | 8,500 | 7,200 | |
| Interest payable | 1,336 | 1,336 | 251 | |
| Bank Charges | 438 | 438 | 118 | |
| Depreciation | 3,045 | 3,045 | 757 | |
| ───────── | ───────── | ───────── | ||
| 25,920 | 25,920 | 19,226 | ||
| ═════════ | ═════════ | ═════════ | ||
| 8. | NET INCOMING RESOURCES FOR THE YEAR | |||
| This is stated after charging: | ||||
| 2023 | 2022 | |||
| £ | £ | |||
| Depreciation | 3,045 | 757 | ||
| ═══════ | ════ | |||
| 9. | STAFF COSTS AND EMOLUMENTS | |||
| Total staff costs were as follows: | ||||
| 2023 | 2022 | |||
| £ | £ | |||
| Wages and salaries | 8,400 | 8,400 | ||
| Social security costs | – | – | ||
| ─────── | ─────── | |||
| 8,400 | 8,400 | |||
| ═══════ | ═══════ | |||
| Particulars of employees: | ||||
| The average number of employees during the year, was as follows: | ||||
| 2023 | 2022 | |||
| No. | No. |
No employee received remuneration of more than £60,000 during the year (2022 - Nil).
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CHRIST APOSTOLIC CHURCH - HOUSE OF GLORY MISSION INTERNATIONAL
NOTES TO THE ACCOUNTS
YEAR ENDED 31 MARCH 2023
10. TANGIBLE FIXED ASSETS
| Equipment | |||||
|---|---|---|---|---|---|
| £ | |||||
| COST | |||||
| At 1 April 2022 | 11,695 | ||||
| Additions | 4,850 | ||||
| ───────── | |||||
| At 31 March 2023 | 16,545 | ||||
| ═════════ | |||||
| DEPRECIATION | |||||
| At 1 April 2022 | 4,364 | ||||
| Charge for the year | 3,045 | ||||
| ─────── | |||||
| At 31 March 2023 | 7,409 | ||||
| ═══════ | |||||
| NET BOOK VALUE | |||||
| At 31 March 2023 | 9,136 | ||||
| ═══════ | |||||
| At 31 March 2022 | 7,331 | ||||
| ═══════ | |||||
| 11. | CREDITORS: Amounts falling due within one | year | |||
| 2023 | 2022 | ||||
| £ | £ | ||||
| Accruals and deferred income | 4,200 | 2,500 | |||
| ═══════ | ═══════ | ||||
| 12. | UNRESTRICTED INCOME FUNDS | ||||
| Balance at | Incoming | Balance at | |||
| 1 April 2022 | resources | 31 | March 2023 | ||
| £ | £ | £ | |||
| General Funds | 5,608 | 346 | 5,954 | ||
| ═══════ | ════ | ═══════ | |||
| 13. | ANALYSIS OF NET ASSETS BETWEEN FUNDS | ||||
| Tangible | Net current |
||||
| fixed assets | liabilities |
Total | |||
| £ | £ | £ | |||
| Unrestricted Income Funds | 9,136 | (3,182) |
5,954 | ||
| ─────── | ─────── |
─────── | |||
| Total Funds | 9,136 | (3,182) |
5,954 | ||
| ═══════ | ═══════ | ═══════ |
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