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

3. 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
4. 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.
5. Creditors
Unsecured Loan from members
31,250.00
Payment was made but no deduction was made for Employer's National Insurance

6. 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
7. 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