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 2022 End date: 31 May 2023
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 2023.
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 Organization 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.
2024 Outlook
The church looks forward to the year 2024 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
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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:
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Select suitable accounting policies and then apply them consistently;
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Make judgements and estimates that are reasonable and prudent;
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State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements;
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Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
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] June, 2023
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CHRIST APOSTOLIC CHURCH
(FAITH CHAPEL)
Independent Examiner’s Report to the Trustees of Christ Apostolic Church Faith Chapel.
We report on the financial statements of the Trust for the year ended 31 May 2023, 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 2023. 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:
• examine the financial statements (under section 43(3)(a) of the 1993 Act);
• to follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 43(7)(b) of the 1993 Act); and
- to state whether particular matters have come to my attention.
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
• to keep accounting records in accordance with section 41 of the 1993 Act; and
• to prepare financial statements which accord with the accounting records and comply with the accounting requirements of the 1993 Act have not been met; or
(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
5th June 2023
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C A C FAITH CHAPEL
Statement of Financial Activities
for the year ended 31ST MAY 2023
| Incoming resources Notes Donations & similar incoming resources 2 Activities in furtherance of the charity's objects Sales of books 2 Investment income 2 Total Incoming resources Resources Used Cost of generating funds 4 Cost of activities in furtherance of the charity's objects 5 Expenditure on managing/administering the charity 6 Total Resources Used Net Incoming/(Outgoing) Resources Gains and Losses - Gains/losses on assets for own use - Gains/losses on investment assets Net Movement in Funds Balance at 1 June Unrealised Pledge (written off) Balance at 31 May 2023 9 |
Unrestricted Funds Restricted Funds Total Funds 2023 Total Funds 2022 110,482.00 0.00 110,482.00 191,399.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 |
|---|---|
| 110,482.00 0.00 110,482.00 191,399.00 |
|
| 1,682.00 0.00 1,682.00 3,488.00 19,358.00 0.00 19,358.00 50,919.00 88,099.00 0.00 88,099.00 81,105.00 |
|
| 109,139.00 0.00 109,139.00 135,512.00 |
|
| 1,343.00 0.00 1,343.00 55,887.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 |
|
| 1,343.00 0.00 1,343.00 55,887.00 76,792.00 0.00 76,792.00 20,905.00 (73,141.00) 0.00 (73,141.00) 0.00 |
|
| 4,994.00 0.00 4,994.00 76,792.00 |
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CHRIST APOSTOLIC CHURCH FAITH CHAPEL BALANCE SHEET AS AT 31 MAY 2023
| 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 Unrealised Pledge (written off) Balance at 31 May 2023 |
2023 £ £ 0.00 4,994.00 4,994.00 (.00) 4,994.00 (0.00) 4,994.00 76,792.00 1,343.00 (73,141.00) 4,994.00 |
2022 £ 77,142.00 77,142.00 (350.00) |
£ 0.00 76,792.00 (0.00) 76,792.00 20,905.00 55,887.00 0.00 76,792.00 |
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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
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C A C FAITH CHAPEL
NOTES TO THE FINANCIAL STATEMENTS continued.
| 2 DONATIONS & SIMILAR INCOME VOLUNTARY INCOME TITHES, OFFERING & VOLUNTARY DONATIONS TOTAL (UNRESTRICTED) INCOMING RESOURCES 4 COST OF GENERATING FUNDS ADVERTISING & PRINTING 5 COST OF ACTIVITIES IN FURTHERANCE OF CHARITY'S OBJECTS 6 7 HONORARIUM TRAVEL & SUBSISTENCE OTHER CHARITABLE GIVING CHILDREN WELFARE MEMBERS & PUBLIC WELFARE EVANGELISM & MISSIONARY COST EXPENDITURE ON MANAGING/ADMINISTERING THE CHARITY STAFF TRAINING & WELFARE GAS & ELECTRICITY RENT & RATES FURNITURES & FITTINGS EQUIPMENTS REPAIR & MAINTENANCE TELEPHONE, WEBSITE & INTERNET PRINTING, POSTAGE & STATIONERY INSURANCE CLEANING MUSIC AND MEDIA EXPENSES MOTOR VEHICLE EXPENSES PETROL ACCOUNTANCY FEE GENERAL EXPENSES TOTAL COST FUNDS Unrestricted Restricted Funds Funds £ £ At 1 June 76,792.00 - Surplus/(deficit) for the year - 71,798.00 - - Transfer of funds - - At 31 May 2023 4,994.00 - |
2023 110,482.00 110,482.00 110,482.00 1,682.00 300.00 3,990.00 4,050.00 3,288.00 4,503.00 3,227.00 19,358.00 4,089.00 4,765.00 21,289.00 42,514.00 3,522.00 1,144.00 2,343.00 1,155.00 70.00 1,023.00 1,493.00 2,760.00 350.00 1,582.00 88,099.00 109,139.00 Total Funds 2023 £ 76,792.00 71,798.00 - 4,994.00 |
2022 191,399.00 191,399.00 191,399.00 3,488.00 - 5,046.00 - 4,677.00 - 4,743.00 14,466.00 6,099.00 5,496.00 41,499.00 14,900.00 20,877.00 7,699.00 1,854.00 3,343.00 1,655.00 1,668.00 1,222.00 5,699.00 3,290.00 350.00 1,907.00 117,558.00 135,512.00 Total Funds 2022 £ 20,905.00 55,887.00 - 76,792.00 |
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