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 cOnfi￿rrfng whether the trustees have had regard to the guKlar￿e 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 inveStr￿t induding program related investn*nt P*• 1.3B Pa¥ 1.38 volunteers Other Achievements and Perforniance A$s￿Ly Charities ObiectNes are Spec￿￿&1ty restrKted to the following.. IA) The advancemeni of Christian faith and love. IBI Preventh)n and relief of poverty. IC) ￿pportIng members in need in particular and in community at large. Summary ofthe main hievements of the chwity. Jentifying the difference the charty's work has made to the circUmstan￿S of ils benefficiaries and any WKler beneffts to as a whok. P*a 1.20 A$s￿￿Ly devotes substanlialty the whole of its fvnds for charitable purposes and use5 the maionty of our funds for the purpose of prOV￿1n£ 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 at￿utr. Achievements against P•1.41 Perf0m￿nCe 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 reCe￿S 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 t￿dIng zero serves Detsils of fund matertally in deficit Explanation of any uncertaintss about the charity continuing as a g(xng ncem P*a122 P*a 1.22 Pwa 1.22 P•a 124 P*a123 Addltlonal infomiali¢)n (opli¢)nal) You ma chwse to include fvrther slatements where relevant atr￿: The tharity's ￿K￿lP81 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 conStrtut￿naI provisions e.g. election to post or naffe of any person or b(Mty entitled to app￿nt 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 organisa￿nal structure and any wider nelwork wth whth the charity works Pwa 1.51 Relationship with any related part￿S 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 W0￿erhampt0n 37NP Namos ofthe charity trust8es ￿ manage charity **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**| 6 of 11 ## 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: 1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476. 2. 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 7 of 11 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| 8 of 11 ## 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**| 9 of 11 ## 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. 10 of 11 ## 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**| 11 of 11 ## **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: 1. accounting records were not kept as required by section 130 of the 2011 Act; or 2. the accounts do not accord with those records; and 3. 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**