CHARITY COMMISSION J FOR ENGLAND AND WALES Trustees, Annual Report for the period From 01 Novom 2020 Period start date To 31 Octob•r 2021 Period end date Charity name: CHRIST APOSTOUC CHURCH PENTECOSTAL ASSEMBLY Charity reglstration numbw. 1161602 Objectives and Activities Summary of the pur[ of the chatty as set oul in ts p 1.17 The Prevention Or Relief Of Poverty Christian Religious Activities Summary of the main activttEs in rdalion to IIKJse purposes for the wbr benefit, in particular. the activrties, projects or ser¥S identrfEd in the accounts. 1.17 1.19 THE OBJECTIVE OF THE CHARIPI IS THE ADVANCEMENT OF THE CHRISTIAN FAITH WORLDWIDE IN ACCORDANCE WITH THE DOCTRINES SET OUT IN THE STATEMENT OF FAITH CONTAINED IN THE TRUST DEED AND THE RELIEF OF POVERTY. WE SUPPORT MISSIONARY ORGANISATIONS AND PROVIDE SUPPORT TO MEMBERS WHO ARE IN NEED AND THE COMMUNITY AT LARGE Statement cOnfirrfng whether the trustees have had regard to the guKlare issued by the Charity CommissM)n on publ benefft Pwa 1.18 The Charities Trustees are aware of the Charit*s Commission GuKlelines in regards of public benefit an(5 adhere to these guidelines when taking into account the decisions made on behalf of the Charity and have not departed from the 8UKleline in the carrying out of its duties as a charity with public benefft. Addltlonal infommtlon (optional You may chcrf)se to indude further statements whefe abouL"
Policy on grant k Pwa 1.38 Polrcy on sctial inveStrt induding program related investnnt P• 1.3B Pa¥ 1.38 volunteers Other Achievements and Perforniance A$sLy Charities ObiectNes are Spec&1ty restrKted to the following.. IA) The advancemeni of Christian faith and love. IBI Preventh)n and relief of poverty. IC) pportIng members in need in particular and in community at large. Summary ofthe main hievements of the chwity. Jentifying the difference the charty's work has made to the circUmstanS of ils benefficiaries and any WKler beneffts to as a whok. P*a 1.20 A$sLy devotes substanlialty the whole of its fvnds for charitable purposes and use5 the maionty of our funds for the purpose of prOV1n£ housing accommodation and ensuring comfort and safety ofour seThice user5 at all time. Addltlonal Inforn (optlonal) You ma cho(xe to indude further statements vlkere relevant atutr. Achievements against P•1.41
Perf0mnCe of fundrarsrng actNities against oLiectibEs against obJecti¥es Other
Financial Review Review of the chanty's financial at the end of the FefK Pwa 121 The total reCeS of the Charity increased in the year to £39.360 from £17,278 mainly due to increased donatp)ns in fomi of offering and trthes from the members of the Church. And furKJ fomi the NatK)nal k)tte Statement explainKW the policy for holding reserves stalin Amunt of reserves hekj Reasons f(Y tdIng zero serves Detsils of fund matertally in deficit Explanation of any uncertaintss about the charity continuing as a g(xng ncem Pa122 Pa 1.22 Pwa 1.22 P•a 124 Pa123 Addltlonal infomiali¢)n (opli¢)nal) You ma chwse to include fvrther slatements where relevant atr: The tharity's KlP81 sources of funds {induding any fundraisirwJ) 1.47 Investrnent and objectives induding any soaal investment polioi adopted Pwa 1.46 A description of the PTUKipal Tisks facing the chanty Pa¥ 1.46
Structure, Governance and Management C)escripth)n of charity's trusts.. Type of goveming dc¢ument P*a1 How is the ehanty constrtuted? g unincofporal P¥8 1.35 Charitable In¢cKwrated Organisati¢)n Pwa 1.25 including details of any conStrtutnaI provisions e.g. election to post or naffe of any person or b(Mty entitled to appnt one or more trustees Addltlonal infonnknon (optional) You maJ.chc#)se to include further statements wlEre relevant atxxrt: Policies and procedures adopted for the indudh)n and training of truslees Pwa 1.51 The tharrty's organisanal structure and any wider nelwork wth whth the charity works Pwa 1.51 Relationship with any related partS Pwa 1.51 Reference and Administrative details Cha name Other name the cha. uses islered cha number Charty's principal address 1161602 250 CoaPway Ro W0erhampt0n 37NP
Namos ofthe charity trust8es manage charity <Xlk {rfanyl Dates actod 11 not forThole oar Nan of perdon lor body) enO¢lfrd Int trustse Pastor Olusegun AJAYI Chair ALL TRUSTEES Abiodun Ajayi VICTORIA BAKINDE 10 11 12 13 14 15 16 17 18 19 20 rate twstees- nan of the directors at the date the re wasa Name of trustees holding trtle to propety to the charity Tntytee narne Dats• a¢d Hnot foff
Funds held as custodian trustees on behalf of others Description of the assets held in this cap• Name and obje(#s of the charity on behalf the assets are held and h¥ this falls within the cuStC*Jn chanty's objeds safe oJst(Mfy and segregation of such assets from the chafity's Additional InforntIOn (Opti41 Type of advlsor Address Exemptions from disclosure Reason ncKHlisclosure of key Fernonnel details Other optional inforniation
Declarations Slgned ¢)n bohalf of tho charlty's tr188$ Signaturnls Full n•ne(s) Posltlon (eg Se¢retsry. Chair, et¢) Pastor AbK*Jwi O AIAYI 29107r2022
Registered Number: 09280006 England and Wales
CHRIST APOSTOLIC CHURCH PENTECOSTAL ASSEMBLY
Report of the Directors and Unaudited Financial Statements
Period of accounts
Start date: 01 November 2020
End date: 31 October 2021
CHRIST APOSTOLIC CHURCH PENTECOSTAL ASSEMBLY Contents Page For the year ended 31 October 2021
| Company information | 3 |
|---|---|
| Directors' report | 4 |
| Accountants' report | 5 |
| Income statement | 6 |
| Statement of financial position | 7 |
| Notes to the financial statements | 8 |
| Detailed income statement | 11 |
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CHRIST APOSTOLIC CHURCH PENTECOSTAL ASSEMBLY Company Information For the year ended 31 October 2021
Directors Olusegun AJAYI Victoria BAKINDE Registered Number 09280006 Registered Office 250 Coalway Road Wolverhampton WV3 7NP Accountants AFADLINK INTERNATIONAL RESOURCES (ACCOUNTANTS, TAX ADVISERS & MANAGEMENT CONSULTANTS) 1 VICTORIA SQUARE BIRMINGHAM WEST MIDLANDS B1 1BD
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CHRIST APOSTOLIC CHURCH PENTECOSTAL ASSEMBLY Directors' Report For the year ended 31 October 2021
Principal activities
Principal activity of the company during the financial year an a Christian mission was to promote growth and welfare of the members of the society in general and particularly those of Christians faithful.
Directors
The directors who served the company throughout the year were as follows: Olusegun AJAYI
Victoria BAKINDE
This report was approved by the board and signed on its behalf by:
Olusegun AJAYI Director
Date approved: 19 May 2022
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CHRIST APOSTOLIC CHURCH PENTECOSTAL ASSEMBLY Accountants' Report For the year ended 31 October 2021
Accountant’s report
You consider that the company is exempt from an audit for the year ended 31 October 2021 . You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Statement of Comprehensive Income, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
AFADLINK INTERNATIONAL RESOURCES 31 October 2021
....................................................
AFADLINK INTERNATIONAL RESOURCES (ACCOUNTANTS, TAX ADVISERS & MANAGEMENT CONSULTANTS)
1 VICTORIA SQUARE
BIRMINGHAM WEST MIDLANDS B1 1BD 19 May 2022
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CHRIST APOSTOLIC CHURCH PENTECOSTAL ASSEMBLY Income Statement For the year ended 31 October 2021
| Notes Turnover Gross profit Administrative expenses Operating profit 2 Profit/(Loss) on ordinary activities before taxation Tax on profit on ordinary activities Profit/(Loss) for the financial year |
2021 £ 39,360 39,360 (38,426) 934 934 0 934 |
2020 £ 17,278 |
|---|---|---|
| 17,278 (16,971) |
||
| 307 | ||
| 307 0 |
||
| 307 |
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CHRIST APOSTOLIC CHURCH PENTECOSTAL ASSEMBLY Statement of Financial Position As at 31 October 2021
| Notes Fixed assets Tangible fixed assets 5 Current assets Cash at bank and in hand Net current assets Total assets less current liabilities Net assets Capital and reserves Special Reserves 6 Profit and loss account 7 Members' funds |
2021 £ 0 0 2,837 2,837 2,837 2,837 1,157 1,680 2,837 |
2020 £ 263 |
|---|---|---|
| 263 1,640 |
||
| 1,640 | ||
| 1,903 | ||
| 1,903 | ||
| 1,157 746 |
||
| 1,903 |
For the year ended 31 October 2021 the company was entitled to exemption from audit under section 477 of the companies act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
-
The directors acknowledge their responsibilities for complying with the requirements of the companies act 2006 with respect to accounting records and the preparation of accounts.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime of Part 15 of the Companies Act 2006.
The financial statements were approved by the board of directors on 19 May 2022 and were signed on its behalf by:
Olusegun AJAYI Director
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CHRIST APOSTOLIC CHURCH PENTECOSTAL ASSEMBLY Notes to the Financial Statements For the year ended 31 October 2021
General Information
CHRIST APOSTOLIC CHURCH PENTECOSTAL ASSEMBLY is a private company, limited by guarantee, registered in England and Wales, registration number 09280006, registration address 250 , Coalway Road , Wolverhampton, WV3 7NP
The presentation currency is £ sterling.
1. Accounting policies
Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 – The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
Taxation
Taxation represents the sum of tax currently payable and deferred tax. Tax is recognised in the statement of income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves.
The company’s liability for current tax is calculated using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Current and deferred tax assets and liabilities are not discounted
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
2. Operating profit/(loss)
| Operating profit/(loss) | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| The operating profit is stated after charging: | ||
| Depreciation of tangible fixed assets | 263 | 264 |
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CHRIST APOSTOLIC CHURCH PENTECOSTAL ASSEMBLY Notes to the Financial Statements For the year ended 31 October 2021
3. Staff Costs
| Wages and salaries Other staff costs Average number of employees during the year Administration |
2021 £ 9,875 690 10,565 Number 1 1 |
2020 £ 6,000 450 6,450 Number 1 1 |
|---|---|---|
4. Average number of employees
Average number of employees during the year was 1 (2020 : 1).
5. Tangible fixed assets
| Cost or valuation At 01 November 2020 Additions Disposals At 31 October 2021 Depreciation At 01 November 2020 Charge for year On disposals At 31 October 2021 Net book values Closing balance as at 31 October 2021 Opening balance as at 01 November 2020 |
Motor Vehicles £ 2,500 - - 2,500 2,237 263 - 2,500 - 263 |
Total £ 2,500 - - |
|---|---|---|
| 2,500 | ||
| 2,237 263 - |
||
| 2,500 | ||
| - | ||
| 263 |
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CHRIST APOSTOLIC CHURCH PENTECOSTAL ASSEMBLY Notes to the Financial Statements For the year ended 31 October 2021
6. Special Reserves
| Special Reserves | ||
|---|---|---|
| Special reserves b/fwd | 2021 £ 1,157 1,157 |
2020 £ 1,157 |
| 1,157 |
7. Profit and loss account
| Profit and loss account | |
|---|---|
| Balance at 01 November 2020 Profit for the year Balance at 31 October 2021 |
2021 £ 746 934 |
| 1,680 |
8. Company Limited by Guarantee
The company is limited by guarantee and therefore has no shares.
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CHRIST APOSTOLIC CHURCH PENTECOSTAL ASSEMBLY Detailed Income Statement For the year ended 31 October 2021
| Turnover Sales Gross profit Administrative expenses Wages & Salaries Staff Training Accountancy Fees Rent Light, Heat & Power Motor Licenses and Insurances Motor Repairs and Servicing General Travel Expenses Depreciation Charge: Motor Vehicles General Insurance Repairs & Renewals Stationery & Postage Telephone, Fax & Internet Sundry Expenses Donations Journals and Publications Operating profit Profit/(Loss) on ordinary activities before taxation Profit/(Loss) for the financial year |
9,875 690 360 6,950 2,550 915 1,829 4,211 263 725 3,870 1,888 1,707 1,455 758 380 |
2021 £ 39,360 39,360 39,360 (38,426) 934 934 934 |
6,000 450 360 1,944 0 842 1,327 415 264 782 742 807 504 1,245 864 425 |
2020 £ 17,278 |
|---|---|---|---|---|
| 17,278 | ||||
| 17,278 (16,971) |
||||
| 307 | ||||
| 307 | ||||
| 307 |
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NDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF CHRIST APOSTOLIC CHURCH PENTECOSTAL ASSEMBLY (‘the Trust’)
I report to the charity trustees on my examination of the accounts of the Trust for the year ended 31 October 2021.
Responsibilities and basis of report
As the trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the 2011 Act’). You are satisfied that your charity is not required by charity law to be audited and have chosen instead to have an independent examination.
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act. In carrying out my examination I have followed the requirements of all applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
Independent examiner’s statement
I have completed my examination. I confirm that no matters have come to my attention giving me cause to believe that in any material respect:
-
accounting records were not kept as required by section 130 of the 2011 Act; or
-
the accounts do not accord with those records; and
-
the accounts do not comply with the accounting requirements of Regulation of the Charity Commission.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Yours Sincerely,
Name: Adebisi Adebayo
(FFA, FAIA)
(IFA membership - 253386)
Address: I VICTORIA SQUARE, BIRMINGHAM B1 1BD
Date: 19 MAY 2022
1 Victoria Square, Birmingham, West Midlands, England. B1 1BD Tel: 01216619460, 07909005363 Fax: 01212854200 Email: info@afadlink.com website: www.afadlink.com Authorised by the Institute of Financial Accountants and the Association of International Accountants Managing Partner: Adebisi Adebayo BSc (Accounting), MSc (Economics), Dip.FA, ACA, ACIB, FFA, FIPA, FAIA List of Partners & Tax Consultants are available for inspection in this office. This firm is owned and managed by Afadlink International Resources UK Limited Registered in England No. 06712960