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2021-05-31-accounts

Charity Registration number 1 1 7 3 3 1 9

CHRIST APOSTOLIC CHURCH (FAITH CHAPEL)

Report and Unaudited Financial Statements

Period of Accounts

Start date: 01 June 2020 End date: 31 May 2021

CHRIST APOSTOLIC CHURCH (FAITH CHAPEL)

Legal and administrative information

Church Trustees Olubunmi Tokunbo Akinsanya (Chairperson) Augusta Eweka Charity number 1 1 7 3 3 1 9 Church Address Unit 2 Palmerston Street Joiner Square Industrial estate Hanley Stoke-on-Trent ST1 3EU Accountants ROSAB ACCOUNTING & TAX SERVICES 38 Cross Lane East Gravesend Kent DA12 5HH Bankers Lloyds Bank Plc NatWest

CHRIST APOSTOLIC CHURCH (FAITH CHAPEL)

Contents
Page
Report of the trustees 1 - 2
Report of the independent examiner 3
Income and expenditure 4
Notes to the financial statements 5 - 6

CHRIST APOSTOLIC CHURCH (FAITH CHAPEL)

TRUSTEES’ REPORT

The trustees have the pleasure of submitting their report and the financial statements for the year ended 31 May 2021.

Outline

Christ Apostolic Church (Faith Chapel) is a Pentecostal Church founded in Stoke-on-Trent, United Kingdom in 2017. It is open to all nationalities, races, ages and sexes with the main objective of preaching the gospel of JESUS CHRIST firstly in the United Kingdom and to all over the world.

Objectives of the Charity, Principal Activities and Organisation of Our Work

The objectives of Christ Apostolic Church (Faith Chapel) are: a)The furtherance of Christianity and the Christian education.

b) Provision of suitable atmosphere where the Christian principles can be taught and developed within our community.

The principal activities of the church are Christian worship, Christian outreach program to increase Christian awareness and to spread the gospel of our Lord Jesus Christ and the development of the whole man, spiritually, mentally and physically.

We have a number of volunteers who assist in helping us achieve our objectives.

Developments, Activities and Achievements in the Year.

The process of development, planning and implementation have continued in the last year, during which the church have been successful spiritually in ministering to the needs of different kinds of people and training the church members to deal with various community members who have been coming to the church requiring different kinds of assistance.

Our outreach works in the year have yielded much fruit. We have extended our counselling and caring works beyond the four walls of the church premises by offering counselling and prayer support to prison inmates, and the sick at the hospitals.

We have also been successful in helping people develop biblical principles that build up their self-esteem enabling them to fulfil their purpose and live a happy and productive life.

2022 Outlook

The church looks forward to the year 2022 with renewed optimism with plans to expand capacity in most of its activities and to increase access for existing and potential users of its services.

Trustees Responsibilities

The trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time. They are also responsible for safeguarding the assets of the trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Review of Financial Position

Please refer to the annexed accounts for the details of the Financial Statements for the year ended 06 June 2018

Page 1

CHRIST APOSTOLIC CHURCH (FAITH CHAPEL)

TRUSTEES’ REPORT (CONT)

Trustees’ Responsibilities in Relation to the Financial Statements

The Charities Act requires the Trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for that period. In preparing these financial statements, the trustees are requested to:

The Trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with Charities Act. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Accountants

The Accountants, ROSAB ACCOUNTING & TAX SERVICES has indicated their willingness to continue to act for the charity. Accordingly, a resolution will be proposed at the forthcoming Annual General Meeting.

Approval

This report was approved by the board of trustees and signed on their behalf by:

Olubunmi Akinsanya Trustees On the 10[th of] April, 2022

Page 2

CHRIST APOSTOLIC CHURCH

(FAITH CHAPEL)

Independent Examiner’s Report to the Trustees of Crossfare Christian Centre.

We report on the financial statements of the Trust for the year ended 31 May 2021, which are set out on pages 4 to 7.

In accordance with instructions received, I have prepared without carrying out an audit the financial statements for the year ended 31 May 2021. These financial statements were prepared from accounting records of the church, information and explanations supplied to me by the Church Council.

Our review was limited primarily to inquiries of the trustees and other volunteers and analytical procedures applied to the financial data.

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the financial statements. The charity’s trustees consider that an audit is not required for this year (under section 43(2) of the Charities Act 1993 (the 1993 Act)) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner’s report

My examination was carried out in accordance with the general directions given by the Charity Commissioners. 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 financial statements, 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 I do not express an audit opinion on the view given by the financial statements.

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

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

ROSAB ACCOUNTING &TAX SERVICES

38 Cross Lane East Gravesend DA12 5HH 9[th] April 2022

Page 3

C A C FAITH CHAPEL

Statement of Financial Activities for the year ended 31ST MAY 2021

Unrestricted
Notes
Funds
2
82,710.00
Sales of books
2
0.00
2
0.00
82,710.00
4
702.00
5
31,724.00
6
42,088.00
74,514.00
8,196.00
0.00
0.00
8,196.00
12,709.00
9
20,905.00
Incoming resources
Donations & similar incoming resources
Activities in furtherance of the charity's o
Investment income
Balance at 31 May 2019
- Gains/losses on assets fo
- Gains/losses on investme
Net Movement in Funds
Balance at 1 June
Expenditure on managing/administering t
Total Resources Used
Net Incoming/(Outgoing) Resources
Gains and Losses
Total Incoming resources
Resources Used
Cost of generating funds
Cost of activities in furtherance of the cha		 Restricted
Funds
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00		 Total
Funds
2021
82,710.00
0.00
0.00
82,710.00
702.00
31,724.00
42,088.00
74,514.00
8,196.00
0.00
0.00
8,196.00
12,709.00
20,905.00		 Total
Funds
2020
75,191.00
0.00
0.00
75,191.00
638.00
28,840.00
38,260.00
67,738.00
7,453.00
0.00
0.00
7,453.00
5,256.00
12,709.00

4

CHRIST APOSTOLIC CHURCH FAITH CHAPEL BALANCE SHEET AS AT 31 MAY 2021

Notes
Fixed Assets
Tangible
Current Assets
9
Cash & Bank Balance
Creditors: Amount falling due
10
within one year
Net Current Assets
Creditors: Amount falling due
after more than one year
Net Assets/(Liabilities)
Funds
.
REPRESENTED BY:
11
CAPITAL ACCOUNT
Balance b/f
Net Income/(deficit) over Expenditure
Balance at 31 May 2020		 2021
2020
£
£
£
0.00
21,405.00
12,909.00
21,405.00
12,909.00
(500.00)
(200.00)
20,905.00
(0.00)
20,905.00
12,709.00
8,196.00
20,905.00		 £
0.00
12,709.00
(0.00)
12,709.00		 £
0.00
12,709.00
(0.00)
12,709.00
5,256.00
7,453.00
12,709.00		 5,256.00
7,453.00

Page 5

CHRIST APOSTOLIC CHURCH (FAITH CHAPEL)

1. Accounting policies

1.1. Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standards for Smaller Entities (effective April, 2008). In preparing the financial statements the charity follows best practice as laid down in the Statement of Recommended Practice ‘Accounting and Reporting by Charities’ (SORP 2000) issued in October 2000.

1.2. Incoming Resources

Income is recognised in the period in which the charity is entitled to receipt and the amount can be measured with reasonable certainty. Income is deferred only when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.

1.3. Resources Expended

All expenditure is included on cash basis and is recognised when there is a legal or constructive obligation to pay for the expenditure.

1.4. Fund Accounting

Details of the nature and purpose of each fund is set out in note 8.

1.5. Tangible fixed assets

Fixed assets are shown at historical cost

Page 6

C A C FAITH CHAPEL NOTES TO THE FINANCIAL STATEMENTS continued.

DONATIONS & SIMILAR INCOME

2
DONATIONS & SIMILAR INCOME
2021
VOLUNTARY INCOME
TITHES, OFFERING & VOLUNTARY DONATIONS
71,135.00
GIFT AID
11,575.00
82,710.00
TOTAL (UNRESTRICTED) INCOMING RESOURCES
82,710.00
TOTAL INCOMING RESOURCES
82,710.00
4 COST OF GENERATING FUNDS
ADVERTISING & PRINTING
702.00
5 COST OF ACTIVITIES IN FURTHERANCE OF CHARITY'S OBJECTS
RENT & RATES
16,767.00
HONORARIUM
4,804.00
OTHER CHARITABLE GIVING
506.00
CHILDREN WELFARE
1,045.00
MEMBERS & PUBLIC WELFARE
3,859.00
EVANGELISM & MISSIONARY COST
4,743.00
31,724.00
6 EXPENDITURE ON MANAGING/ADMINISTERING THE CHARITY
OFFICE EXPENSES
1,770.00
STAFF TRAINING & WELFARE
5,005.00
GAS & ELECTRICITY
2,068.00
FURNITURES & FITTINGS
4,906.00
EQUIPMENTS
9,251.00
REPAIR & MAINTENANCE
2,475.00
TELEPHONE, WEBSITE & INTERNET
824.00
PRINTING, POSTAGE & STATIONERY
943.00
INSURANCE
527.00
CLEANING
2,310.00
MUSIC AND MEDIA EXPENSES
6,326.00
TRAVEL & SUBSISTENCE
2,046.00
MOTOR VEHICLE EXPENSES
834.00
PETROL
886.00
ACCOUNTANCY FEE
550.00
GENERAL EXPENSES
1,367.00
42,088.00
TOTAL COST
74,514.00		 2020
64,668.00
10,523.00
75,191.00
75,191.00
75,191.00
638.00
15,243.00
4,367.00
460.00
950.00
3,508.00
4,312.00
28,840.00
1,609.00
4,550.00
1,880.00
4,460.00
8,410.00
2,249.00
749.00
857.00
479.00
2,100.00
5,751.00
1,860.00
758.00
805.00
500.00
1,243.00
38,260.00
67,738.00
7 FUNDS
At 1 June
Surplus/(deficit) for the year
Transfer of funds
At 31 May 2020		 Unrestricted
Funds
£
12,709.00
8,196.00
-
20,905.00		 Restricted
Funds
£
-
-
-
-		 Total
Funds
2021
£
12,709.00
8,196.00
-
20,905.00		 Total
Funds
2020
£
5,256.00
7,453.00
-
12,709.00

Page 7

Unrestricted Restricted Total Total
Funds Funds Funds Funds
2021 2020
**7. ** Funds £ £ £ £
At 1 June 12,709 12,709 5,256
Surplus/(Deficit) for the year 8,196 - 8,196 7,453
Transfer of Funds - - -
______
______ ______ _____
At 31 May 2020 20,905 - 20,905 12,709

Unrestricted funds comprise those funds which the trustees are free to use in accordance with the charitable objects

Restricted funds are funds which have been given for particular purposes and project.

8. Tangible fixed assets

Building
Motor
Furniture
Plant &

Van
& Fittings Equipment
£
£
£
£
Cost
At 1 June 2019
-
-
-
-
Additions
-
-
-
-
__
__
__
_
_
At 1 June 2019
-
-
-
-
____
_
Depreciation
At 30 June 2019
-
-
-
-
Charge for the year
-
-
-
-
__
__
_
_
At 31 May 2020
-
-
-
-
_____
_
Net Book Value
At 1 June 2019
-
-
-
-
_
__
_
_
At 31 May 2020
-
-
-
-
_____
_____		 Total
£
-
-
_
-
_
-
-
_
-
_
-
_
-
_

Page 8

9. CURRENT ASSETS

Prepayments
within one year
Debtors and prepayments
Cash at bank and in hand
Cash at bank and in hand
10.
CREDITORS
Creditors: Amounts falling due
within one year
Bank Overdraft
Other creditors (Accountancy fee)
Creditors: Amounts falling due
after more than one year		 2021
2020
£
£
-
-
2020
2019
£
£
20,905
12,709
2021
2020
£
£
-
-
500
200
500
200
£
£
-
-
Unrestricted
Restricted
Funds
Funds
11. Funds
£
£
At 1 June
12,709
Surplus/(Deficit) for the year
8,196
-
-
Transfer of Funds
-
-
20,905
-		 Total
Total
Funds
Funds
2020
2019
£
£
5,256
12,709
8,196
-
-
20,905
12,709
7,453

Page 9