2023-12-31-accounts

CHRIST APOSTOLIC CHURCH EW TESTAIIIENT ASSEI•IIILY Nq)JITJI ENGLAND (CACNTANE) REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

Christ Apostolic Church New Testament Assembly North England Legal and Administrative Details For the year ended 31 December 2023 Status The organization is a registered Charity. Charity Number 1165002 Registered Ot"fice I I Walmer Street, Abbey Hey Manchester M18 8QP Management Board Pastor S.0. Oluwasola Pastor A.F. Olorunniyi Elder O S J Fayemi Mr. A.H. Oluwasola Trustee Trustee Trustee Trustee Bankers Barclays Bank PIC 12 Crofts Bank Road Urmston Manchester M41 OTS

Christ Apostolic Church New Testament Assembly North England Report of the Management Board For the year ended 31 December 2023 Members of the Management Board, who are also the trustees under the charity law, present the Financial Statements for the year ended 31 December 2023. Responsibility of the Management Board Charily law requires the Managcmcnt board as Trustccs to prcparc financial statcments for cach financial year which give a true and fair view of the state of the affairs of the charity as at the balance sheet date and of its incoming resources and application of resources including income and expenditure for the year ended. In preparing those tinancial statLments which give a true and fair view, the Management Board should follow the best practice and: seleLI suilablc aLcounting policies and then apply thLm consistently make judgments and eslimates that are reasonable and prudent state whether applicable accounting standards have been followed. subject to any material departures disclosed and explained in the financial statements prepare the financial statements on the going concern basis unless it is inappropriate to assume that the charitv will continue on that basis The Management Board members is responsible for keeping accounting records w'hich disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure thal the financial statements comply with the law. The Management Board is also responsible for safeguarding the assets of the Charity and hcnce for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Christ Apostolic Church New Testament Assembly North England Report of the Management Board For the year ended 31 December 2023 Management Board The Management Board who served during the year up to the date of this report were as follow Pastor S.0. Oluwasola Pastor A.F. Olorunniyi Elder O S J Fayemi Mr. A.H. Oluwasola Chainnan Member Member Member The Managcmcnt Board dclcgated th¢ day to day operation of the Charity to those concerns. Eleclion to the Management Board takes place at the AGM b), full members of the Church. Members of the Management Board have no beneficial interest in the Charity. Approved by the Management Board on 1£ Jo and signed on its behalf by:_ Pastor S. O. Oluwasola Chairman Pastor A F Olorunniyi Trustee Date.

Christ Apostolic Church New Testament Assembly North England Balance sheet as at 31 December 2023 2023 2022 Current Assets Cash at Bank and in Hand Cash at hand Project (Secured) 860.20 1,045.30 Creditors Unqecured Loan 31,250.00 11,250.00 Total Income 151.430.40 101,430.40 Total Expenditure 152,990.85 103,080.65 Total Balance -30 389.80 -10 204.75

Christ Apostolic Church New Testament Assembly North England Statement of Financial Activities (Including Income and Expenditure Account) For the year ended 31 December 2023 l. Incoming Resources 2023 Total 2022 Total Restricted Unrestricted Donations and Grants D O Covenant (Tithe) Manchester D O Covenant (Tithe) Leeds Offering and Thanksgiving Manchester Offering and Thanksgiving Leeds Building Fund Gift from other Charities Personal Gifts/ Donations Church Anniversaries Mission Support Mercy Once More Gift Aid Repayment Revivavvows Loan (Unsecured) 14,585.00 7,220.00 7.234.10 4,865.30 6,438.60 1,230.20 1,000.00 2,735.00 14,585.00 8,965.00 7.220.00 3,695.90 7.234.10 4.380.00 4,865.00 2,630.30 6,438.00 3,838.60 1,230.20 195.00 1,000.00 1,100.00 2,735.00 2.835.10 63,100.00 52,490.00 9,155.00 7,690.40 63.100.00 9,155.00 2.618.10 31,250.00 2,618.10 2,360.10 31,250.00 11,250.00 Total Incoming Resources 72 255.00 79 175.40 151430.40 101430.40

Christ Apostolic Church New Testament Assembly North England Statement of Financial Activities (Including Income and Expenditure Account) For the ear ended 31 December 2023 2. Expenditure Basis of Allocation Manchester Leeds Branch Branch 2023 Total 2022 Total Costs directly allocate to activities: Visiting Clergy Charitable Donation Rent Equipment's Purchase Furniture's Purchase Stationeries Parsonage Anniversaries Zonal Contribution Missionary Activity Loan Repa)'ment M¢rcy OnLe More Direct Direct Direct Direct Direct Direct Direct Direct Direct Direct Direct Direct 2,890.00 510.00 9,000.00 1,980.00 950.00 3,84().00 3.010.00 340.00 850.00 430.00 4,980.00 13,980.00 11,230.00 1,450.00 3,430.00 1,340.00 450.00 5,990.00 1,450.00 1,510._30 18,180.15 11,250.00 4.580.00 280.00 730.00 810.00 2,656.00 8,646.00 8,300.00 980.00 2,430.00 2,480.00 1,000.00 2,510.00 2,100.30 8,305.00 26,485.15 22.391.15 11,250.00 12,630.00 4,580.00 4,580.00 Support costs directly allocate to activities: Wages Employer s N.1. Transportations Printing & Postage Llcctricity Mobile l)hones Bank Charges General Expenses Allowances Allowances Allowances Services Services Services Transactions Services 64,500.00 6,460.00 720.00 360.50 64,500.00 6,460.00 1,240.00 525.90 29,500.00 980.00 1,180.50 550.00 520.50 165.40 800.00 800.00 835.40 108.00 108.00 83.30 625.00 625.00 650.00 131363.95 21626.90 152 990.85 103 080.65

1. Staff Cost and Numbers Staff costs were as follows: 2023 2022 Salaries and WagTes National Insurance Employers N.1 64,5()0.00 0.00 6,460.00 29,500.00 0.00 980.00 Total emoluments paid to staff were: 70 960.00 30 480.00 No employee earned more than #60.000 during the year. The average weekly number ot, employees, full lime equivalent during the y'ear was as follows: 2023 2022 -ul1 Time Part Time Volunteers 2.00 2.00 7.00
2. Taxation As a charity, Christ Apostolic Church New Testament Assembly North Lngland is exempt from tax on income and gains within section 505 ot.the Taxcs Act 1988 or s256 of the Taxation of Chargeable Gains 1992 to the extent that these are applied to its charilable objects. No tax charges have arisen in the charity.

3. Creditors Unsecured Loan from members 31,250.00 Payment was made but no deduction was made for Employer's National Insurance

4. Tangible Fixed Assets Furniturc & Fittings 2023 Total Building Equipments Van COST At l Janiiary 2()23 4,985.00 2.740.00 7,605.00 Additions in Year Disposals in Year 3,430.00 180.00 3,430.00 250.00 70.00 At 31 December 2023 8 235.00 2.670.00 10 785.00 DEPRECIATION At l January 2023 Within the year Destroys within the year Disposals in the year 180.00 45.00 225.00 At 31 December 2023 180.00 45.00 225.00 NET BOOK VALUE Ai 31 DeLember 2022 4,985.00 2.740.00 At 31 December 2()23 8 055.00 2.625.00 All tangible fixed assets are used for direct charitable purposes. 7,605.00 10 680.00

5. Analysis of Net Assets between Funds: 2023 2022 Tangible Fixed Assets Currcnl As.scts (Cash at hand) Unsecured Loan 10,680.00 860.20 (31,250.00) 7,605.00 1.045.30 (11,250.00) Nct Assets as at 31 December 2023 -19 709.80 -2 599.70