CHRIST APOSTOLIC CHURCH Charity Registration No 1173319 Trustees, Report and Financial Statements for the year ended 31 st May, 2024
Christ Apostolic Church Faith Chapel Reports for the year ended 31st May 2024 Contents Reference and administrative details for the year ended 31 May 2024.......... Trustees, Report for The Year Ended 31 May 2024........... Trustees, Report Cont'd............................................. Independent Examiner's Report for Year Ended 31 May 2024...................... Statement of Financial Activities Balance Sheet as at 31 May, 2024............. Notes to the Accounts Notes to the Accounts Cont'd......................................................................... Notes to the accounts cont'd...........................................................................10 st CAC Faith Chapel.. Reports and Accounts for the year ended 31 May, 2024 | 1
Christ Apostolic Church Faith Chapel Reports for the year ended 31st May 2024 Reference and administrative details for the year ended 31 May, 2024 Trustees Paulina Onos Oro Essiivi V Edim Addra Charity Registration Number 1173319 Principal Office Formal Methodist Church Hamil Road Burslem Stock -On-Trent ST6 1BB Pastor in charge Pastor Amos Onanuga Independent Examiner Richard Ogunnaya FCA 8 Silverdale Avenue M38 9QJ. Manchester Bankers NATWEST Bank Lloyds Bank CAC Faith Chapel: Reports and Accounts for the year ended 31" May, 202412
Christ Apostolic Church - Faith Chapel Reports for the year ended 31st May 2024 Trustees, Report for The Year Ended 31 May 2024 The Trustees submit their annual report and the Financial Statements of the Christ Apostolic Church (CAC) FAITH CHAPEL (The charity) for the Year ended 30 June 2023. The Trustees confirm that the Annual Report and the Financial Statements of the Charity comply with the current statutory requirements of the Charity's governing documents and the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities" issued in March 2005 The charity also trades under the name CAC FAITH CHAPEL STATUS: The Charity was constituted under a Trust Deed and registered on dated 7TH June 2017 and is registered in England and Wales with Charity number 1173319. APPOINTMENT OR ELECTION OF TRUSTEES: Trustees are elected and or appointed under the terms of the Trust Deed. POLICIES ADOPTED FOR THE INDUCTION AND TRAINING OF NEW TRUSTEES: The induction process for a newly appointed member of the Board of Trustees comprises an initial meeting with the Chair and other Trustees, followed by short meetings with the Pastor in charge on the powers and responsibilities of the Trustees. ORGANISATIONAL STRUCTURE AND DECISION MAKING: The Charity is organized so that the Trustees meet re ularl to manage its affairs. The Parish pastor manages the day-to-day administration of &e cKarity. RELATED PARTY RELATIONSHIPS: CAC (Faith Chapel) is a Parish of Christ Apostolic Church (which has parishes all over the world). The parish's relationship with other parishes is governed by an "Agreement of Common Purposes" POST COVID-19 RECOVERY: The Trustees are delighted to see a rapid recovery from the consequences of COVID-19 pandemic. This has reflected in both physical attendance at services as well as donations. Despite return to normal physical services, the Church has continued to improve on its online broadcasts. OBJECTS AND ACTIVITIES: The principal object is the advancement of the Christian faith worldwide and the relief of poverty. To promote any charitable activity for the benefit of the local people. To achieve its objectives, the Church adopted the following strategies.. Running seminars in the Church with proven ministers of the faith to guide members in the various aspects of Christian faith Support for the charities and Christian events, Providing overseas aid and famine relief, and Involving Economic and Community Development The activities for achieving its objectives include: Community outreach events Conferences and events Welfare support to members and public, and Various missionary activities CAC Faith Chapel: Reports and Accounts for the year ended 31" May, 202413
Christ Apostolic Church - Faith Chapel Reports for the year ended 31st May 2024 GRANT MAKING POLICY: The Church supports visiting ministers of the gospel both within and outside the United Kingdom. The Church supports other charities and missionary that shares its objects in advancement of Christian faith and relief of poverty. The Church also give occasional grants to congregational members who are in need. VOLUNTEERS: The Church is grateful to the unflinching efforts of its volunteers who are involved in providing ServIS for the Charity. REVIEW OF ACTIVITIES: The Church continue to enjoy tremendous growth in its Physical and Spiritual life during the year, and in the advancement of Christian faith in accordance with the doctrines set out in the Statement of Faith as contained in our Trust Deed. Following the COVID-19 imposed lockdown in mid-march. 2021, the Church has been conducting its activities virtually. We strongly believe that the rapid response of the Church to ensure continuous touch with the Community through the WORD and essential food supplies has paid off significantly. We have invested in Broadcasting Equipment and Technology as well as other Safety materials to achieve this. CAC Faith Chapel: Reports and Accounts for the year ended 31" May, 202414
7h•kn' Cffif4. FI)14tXNa A4n È•AfEg.. b••fi rth•• STA TE¥[ p419 RESPoNsi8ILifiES IftUITEe•' Th• Tiw••• •r• for pr•p•rltVJ AMu•l ft•port st•rn•X• wrth •r•kc&b I•wJ •ikJ Charrty I•w f•Wlryè• Ihe Iru•l••• to i)fpr)Mre Fingncial Si•Thfts ••¢h FJrth¢A Y•w th41 law I%18$ hav• eleded lo prppar8 Ihe Financlal Kingd<Th 9enerally accepled accountng Pfydice (Unrted Kirytrmn SLgndrt pluble lawl The Financial Siatemenls arv requir•d lo gFVO • in lw al th• Yat• ( •n•ir5 01 the chanty for ihal period. In prering Ihe•e finan¢i•l stalw11. IIugt••• • r•Jw• Select suilable accounting policie8 and tr•n appty consistently: Make iudgemenl and estimates that are reasonable aThJ Prepare the financial statemenls on the going concem bgsB rt inappropriate to presume thal the company will contmLYt In opefafjcm. The trustees recognise their responsibilities to keep proper attounting records that discl¢)se wth reasonable accuracy at any time the financial position of the Char5ty and enable tIrn to ensure that the Financial Statements comply with the Chartties Act 2011. They are also responsib lor safeguarding the assets of the Charity and hen taking reasonable steps for preventTh detection of fraud and other irregularilies. The apFended Financial Statements have been prepared on Accruals basis and have been examined by an independent examiner, whose report is also appended. Approved by the Trustees on and swJned on their half by: /b/Qol5- CAC Faith Chapel.. Reports and Accounts for the year ended 31" May, 202415
Christ Apostolic Church Faith Chapel Reports for the year ended 31st May 2024 Independent Examinerfs Report for Year Ended 30 June 2023 TO: THE TRUSTEES OF CHRIST APOSTOLIC CHURCH FAITH CHAPEL I report on the accounts of the Charity for the Year ended 30 June 2023 which is set out on pages 8-12 RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND THE EXAMINER The Charity's Trustees are responsible for the preparation of the accounts. The Charity's Trustees onsider that an audit is not required for this year under Section 145(1) of the Charities Act 2011 and that an independent examination is needed. It is my responsibility to: Examine the accounts (under section 145(1) (a) of the 2011 Act., Follow the procedures laid down in the general directions given by the Charity Commissioners and State whether matters have come to my attention. BASIS OF EXAMINER'S STATEMENT 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 accounts, and seeking explanations from you as trustees Conrning any such matters. The prOdureS 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 accounts. EXAMINER'S STATEMENT In connection with my examination, no matter has come to my attention to give me reasonable cause to believe that in any material respect the requirements.. To keep accounting records in accordance with the requirement of Section 130 of the Charities Act 2011" and To prepare accounts which accord with the accounting records and to comply with the Accounting requirements of the Charities act 2011 have not been met., or to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. SIG Ric nnaya FCA CAC Faith Chapel.. Reports and Accounts for the year ended 31, May, 2024 | 6
Christ Apostolic Church - Faith Chapel Reports for the year ended 31st May 2024 Incoming Resources: Voluntary Donations 138,444 110,482 Gift Aid Other Funding and Rebate Interest 138,242 110,482 Resources Expended Charitable Expenditure 63,765 83,092 Capital assets 26,408 Cost of Activities in furtherance of Charity's objects 30,041 19,358 Governance Costs 8(b) 13,230 6,689 Total Resources Expended 133,444 109,139 Net Incomingl(Outgoing) Resources 4.798 1,343 Total Funds at the Beginning of the Year 4,994 76,792 Unrealised pledges (written offj Balance at the end of the Year CAC Faith Chapel.. Reports and Accounts for the year ended 31, May, 202417
Christ Apostolic Church Faith Chapel Reports for the year ended 31st May 2024 Balance Sheet as at 31$t May, 2024 Notes 2024 2023 Fixed Assets: Tangible Assets Current Assets: Bank and Cash Balances 9.742 4,994 Other Receivables 4,994 Total Assets 35,200 4,994 Less Liabilities: Amount Due within 1 Year 10 1,000 Net Assets 34,200 4,994 Charity Funds: General Unrestricted 34,200 4,994 Total Funds 34,200 4,994 The Accounts have been prepared in accordance with special provision of the statement of Recommended Practice" Accounting and reporting by Charities (SORP) issued in March 2007 as modified for smaller Charities. Approved by the trustees on 15th March 2025 and signed on their behalf by. Trustee CAC Faith Chapel.. Reports and Accounts for the year ended 31" May, 202418
Christ Apostolic Church - Faith Chapel Reports for the year ended 31st May 2024 Notes to the Accounts Note 1 Accounting Policles The Accounts have been prepared under the Historical Cost Convention in accordance with applicable Accounting Standards. They follow Best Practices as stated out in the Statement of Recommended Practice.. Accounting and Reporting by Charities (SORP) issued in March, 2007 as modified for small Charities. b) Income is accounted for on Actual Receipt Basis while Expenditures are recorded on Accrual Basis c) Fixed Assets.. Comprise of Musical Equipment, Office Equipment and Furniture items, and are stated at Cost Less Depreciation d) Depreciation is provided at rates calculated to write off the cost of the assets (less expected disposal value) over expected useful lives. The following rates apply-. Motor Vehicles." 20 % Computer and offi Equipment: 200/0 Musical Equipment 200/0 Funiture & Fittings e) Donation Classification and Appropriation= We capture donations through Bank statements and in service cash collections. Classification of online donations might not be totally correct because many donors do not specify donation category. However, we use the Ushers, records to account for collections for the purpose of Thanksgiving collections appropriation. Note 2 Donations, Legacies and Similar Incoming Resources 2024 2023 Tithes Offering Thanksgiving Capital Donation Building & Other project support Total Voluntary donations" Note 3a Gift Aid 47,903 35,720 500 138242 116,881 Other Fundings & Rebate Note 4 Receivables CAC Faith Chapel.. Reports and Accounts for the year ended 31, May, 2024 | 9
Christ Apostolic Church Faith Chapel Reports for the year ended 31st May 2024 Notes to the Accounts Cont'd 2024 2023 Note 5 Grants Payable-lnstitutional Accountancy 1.000 Note 6 Cost of Activities in Furtherance of Charity Objects External Speakers ExpenseslHonorarium 3,800 679 Rent, rates and Licences 31,090 21,289 Welfare Expenses 12,924 8,553 Telephone and Communication 44,196 Motor Vehicle Expenses 6,403 1,493 Hospitality 13.316 Repair and Maintenance 23,429 18,456 Cleaning 913 70 Printing & Stationery 1,931 1,530 General Expenses 8,582 103 048 104 848 Note 7 Management and Governance Costs Administrative Salaries 13,230 6,689 Legal and Professional fees Independent Examinerfs fee 350 13,230 7,039 CAC Faith Chapel: Reports and Account5 for the year ended 31" May, 2024 | 10
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Christ Apostolic Church Faith Chapel Reports for the year ended 31st May 2024 31 May 2024 31 May 2023 Note 9 Bank Balances Natwest Bank 3,518 Lloyds Bank Note 10 Creditors & Accruals Other Accrued Expenses CAC Faith Chapel.. Reports and Accounts for the year ended 31" May, 2024 | 12