CAC KINGSWELL MANCHESTER REPORTS & FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2023 CHARITY NUMBER: 1174387
CAC KINGSWELL MANCHESTER Content8 Page Legal and admt'nistrativ¢ inforniation Trust¢¢s' R¢port lodcp¢ndent Examtners, Report Statement of FinAncial Activities Balanc¢ Sheet Notes forniing part of the financial 8tAtements 10-12
CAC KtNGSWELL MANCHESTER ] and Admlthrilve InfOn(kIn CONSTITUTION The cbarlty is conStiled under 8 Trnst D¢&1 with giStered clwity numiw 1174387. TRUSTEES The trustees who served thIng year ended were as follow: Ad¢runi Efunnuga Jimmy Apantsku Mosunmola Efunnugd Sunday Ibud¢ CHURCH 32 Ivy str¢¢t Manchester M40 9LN Natw¢st INDEPENDENT EXAMINER Flourish Global Consulting Unit 9 Challenge House Croydon House Busin Centre I Peall R(b*L Croydon CRO 3EX Page I
CAC KINGSWELL MANCHESTER Trustees, Re ort For The Ye8r Ended 31st March 2023 The Trustees present th¢iT W together with the accounts for the year ended 31st Match 2023. The accounts have been pr4Jared in accordance with the StatcmeDt of Recommended Practice 2005 and other apph"cable laws. Struetu Gov rn%Dte and The chanty is tuted under a Trust Deed with reStered chanty number 1174387. a) Method of Appointment or Electioj of Trnstees The maDagement of the church is the rwrt)nsibility of the Trustees who are elected and coopted und¢T the trrn]s of the TTht l)ed. b) Policies Adopted for the Inductlon and Trakniug of Trustees Thc induction process for any newly appointed emr of the tDJStces comptises an Initi meeting with other Chair and other Ttee$. followcd by a ri¢s of slKbrt tneetings with the Minister in Charge on the powers and respoDsibilities of the Tnjstiyx. e) Organlsational Struetsre aDd Deeislon Maklllg The Chlty is orgallised so that the Te¢S meet rcgularly to its affr5 There is an ltOr/aCCOllt persow)el that handle the daily affoirs of the chaTity. dl Risk Management The Trnstees have assessed the major risks to which the charity is extM)sed. in particular th08e relat to the operntions and financ4s of the charity, and are satisfied that sfftms are in pla¢¢ to mitigate our exposure to the n)2jor nsks. Page 2
CAC Kingswtll MaDchester Obiethes and Actlviti a) Policles and Objectives The objectives of the cburcb ar¢ to advance the thi8tiaD reIigiou for the public bcDefit in accordaD¢e with the doctrin¢s of our LDrd Jesus CbrisL througb the holding of prdycr meetiDgs, lectures, evangelism, dAstributiDg of literature aDd tracts, bmadthstiug and such charitsble means as the trustees consider appropriate" the relief ofpoverty. b) Strategies for Achieving Objeclives The Charity has adopted the following strategies for achieving the above objectives." Organi8ing s¢minaTS and events wlth proven speakers and tninisters of the faith to guide members in the various &spects of the Christian faith; and SUPPK>rt for other charities and Christian events. c} ActItieS for Achlevlng Objeetlves Advancement of chTiStian faith CommuDity outreach events. Provision of welfare support to member& Provision of support to other chatities. Conferences and Events. d) Grant making Policies In liae with th¢ object of the charty, to relief w)vety aud the advancement of Christian religion worldwide. The c]wity has a lIcY of SuprtIng n)issionary organisatiolls who are in (this is at the d]"scretion of the tn]sttts). e) Volunteers The cbarity is grateful for the g(d efforts of its volunteers who are involv1 in seryice provision. The charity h&s a volutsteer c(KJrdinator to ensure that best vaIue is derived from the sterling efforts of our volunteer3. P*ge 3
CAC KIDg8)vell Manchester Achievements and Performance *) Review of Activities The charity is consolidating the gains of previous development and h&$ successfully ministered to the needs of various social groups within and outside tb¢ church. The charity provtdes fonmj for manpower development for its membcr5 to be equipp&L educationally, socially and spiritually. It o et5 vario counsellmg Ss1OnS to the needy. unemployeiL and education81 and makes refen81 whenever th¢ need arise& The chaThty provides counselling services to membets of the community. We have also embarked on vaTiOUS training programmes to equip more church voluDtem with the relevant counselling Skills that will help them serve the eomrnunity better. We continue to support and encourage young p¢ople by providing a Youth Church where t¢¢nagcrs meet on Swiday afternoon under a carin& supportive and encournging atmosphere. Th¢ charity still continucs to fulfil its n]2Tro objectives, by ctvatlllg facilttics to help develop the whole man. spiribjally, mentslly and physically. We have invested time, energy and money into activities and programes that h&s helped prevent youth crimes, dwessions in p¢opl¢. ¢bild abuse and such social vices that are eating deep into our society. Financial Review g4} Reserves Polley The ITUSte¢s hav¢ establisbed a policy whereby th¢ unrestricted fi]nds not committed or invesied in tangible f]x¢d assets Cthe free held by the church should be 3 months of amiual expenditure. At this l¢v¢l, the trustees fe¢1 that they would be abl¢ to continu¢ the cU¢t activities of the church ill the event of a significant drop in fundin b) Prlllclp&l Funding This is provided mainly through voluntary offerings and tithes by ¢huTch memkn atKI through gift aid scheme. Pledges are also tsken for spectfic projccts. P4e4
CAC Kfnywell Manchestsr Plakns for the Futhre ) Future DevelopDJents The charity aims as part of fulfilling its main objectives. to continue to explore various ways of spreading the gospel of Christ tn aD effective ma[er. The clwity is also l(K)king to grow in membership at¥1 contmue to develop its membet5 to make life-changiug impa¢t in soci¢ty. ststement of Trn8tees' R¢spon8ibilits¢s Th¢ TnJste¢s are tesponstbl¢ for PTepaTing the Annual report and Financial statements in ac¢ord2nce with appltcable law and reations. Company law requires the Tnte¢S to prepare financial statements for each financial ye8r. Under the law the Trustees have elected to prepare the finan¢ial stat¢ments in ac¢ordall¢e with United Kingdom G¢nerally Accepted Accountsng Practice (United Kingdom Accounting Standards and appli(%ble law). The financial statements are requir&1 by law to give a true and fair view of the state of affairs of the charity and of the sUlUS or deficit of the charity for that p10d. In preping these financial statelllents. the trtee8 are wted to: . Sel¢ct suitable accounting policies and then apply them consist¢nlly, • Make judgements and estimates that are re&sooable and pnty. • Stsie whether applicablc accounting standards and statements of recommended practice have been followe41 subject to any dlart disclosoj and explaine4J in the financwi statement8. . Prep the fjnancial statements on the going concern b&sis unless it is inappropriate to pr¢sunJe that the charity will continue in operation. Page 5
CAC KJDgswell Manchester The TThtee8 aTe responsible for keeping proper accounting records. which disclose with reasonable accuracy at any time the financial position of the charity and to enable thcm to ensure that the financial statements comply with the General Directions given by the Charity CoTDmission. They are also rwonsible for safeguarding the assets of the chaTity 2nd hence for taking reasonable steps for the prevention and detrction of fraud and other irreglllarities. roval This repott approved by the EK>ard of trSteeS on.... its behalf by. Sied OD Page 6
CAC KINGSWELL MANCHESTER Accountants I Inde dent ExmlDer'5 Re rt For The Year Euded 31st Mrch 2923 with tht act¢)uatiD8 Fx)licies s¢t out OD P8¢ 4. Respe¢tive rtswjusibilitles ofthe tr•steos iDdepeDdent ¢smiBer Tr trustees considerthal a11¢ is Dot forthis year (un&r $tIOn 144 (2) of the ¢haritie Act 2011) (the 2011 a¢t}. It is w re8rx)nsibility to.. ' exatlline the accounts luuder 5ectk)th 145 of the 2011 A¢¥ . follow thepThK&luYcs laid (k)wTr in the General DirectiODS g¥ven by Cbity CoDmJi¥ion {uod¢r seetion 14515Xb) of the 2011 ACL and to stth whetkn ptrticular matt5 h&ve Corne nxyattentio Baiii of Independellt exa4thieT'S re}rt Commission. An ex2tniDation includes a reviewof the x0tIll8 rdS kept by the OTEanisation and a compatison of the acc¢)Wlts pr¢sented with those re£orth. It ajs) includes consideration of untK%ual It¢$ or disclosures iti the atto¢qts an¢L sttkiDg cxplaTthon from JThJ &$ conccrnittg 3ny such mattets. The prot¢dures th) notprovid¢ all the evidUe that Uld be r¢qui]Ed in an audtt Jt is my r¢srA>rLsiTrility to fornj cyin10 based my ex8mm8w OD those fin8n¢ial llldepende*t Examiner's Ststement ID cono¢ction with myexatlljTo rKp Matterh CO toJnyait¢fjlioJL l) whirh yeS ME re&g)]xblc CaTe to t¢lae¥t Ib in atty Trsrrtt the rcquuc . to keep a¢couDting rccor&8 in accordance wÈth stction 130 of the 2011 A¢¢ and TequirenTht of the 201 l Act È>ot beeD met 2) io vthicty in my op] attention should be dxawn in order to enable a prw WKle[lllg of the accounts to be rf4cb&t Drmichael Ikum0ln- FCCA FCA FF& FAW PbD For and on b¢half of Mourlsh GtobAI CoDsulllDg P#ge 7
CAC KINGSWELL MANCFtESTER ststet ofNNDeial Athit5 ForThe YevEAded 31# March 21123 Totsi VoIuntRry&urctts. tith¢5, Offe1 donations, t1&9thviD& et 35949 35,949 13.124 Misc¢Itaneous ttteiw. 7,855 Tot41 11KMI4¥ rs0r 35.949 3S949 2Q979 Co%t of 8eu¢ratiug fund5 fijrtherntsce of the chatiW8 objcciivps 13231 &16 20.774 J8,828 Tot reree5 exp¢•thd 2&988 Oth¢r ]EcogbIs 8aills and l(we5 Gross TraTJsf¢r ffiJnd8 Net moveJDeut th funds for the yw_ Net iomel(expenditsre) for the year Total fjjttds brou8ht f(rnrd 114r2022 Oth¢r baJaNccs Wf owj (&)) S9 Tot1 FvDd¥ Crrted F•nvrd At31st MAr¢h 2
CAC KINGSWELL MANCHESTER Bale Sheet As At 31tt Martth 2023 nxed #ssets 2023 02 TOnble assets Current 45sets D¢btOTS Ca56 at bank and inh&1 2J64 1364 Credltors: Awu#t flling due witbth •n¢ yar Netturre4tasxt8 {801 ToAllets Lss CuTr¢ttt UabMiti¢ 80) Restricted fut*ds Unrestricted fuaj (80) 80 Board •f Trwsttes: Name.. SigrtaftrtE.'
CAC KINGSWELL MANCHESTER Notes To Tbe FiDandal Statenknts For The Yur EJNled 31st Mrch 21123 l. At¢ountlllg PoMel¢s 1.11 A¢eounllllg ConveDIIo Thc Fitt•]cial StBm¢nts bas beeo ptyNI uthth¢ htOrIc cooveDtion, in accordattrt with applicablc UK Ac¢ouniin8 Standards 8Dd also WEth the tewmmend¥i0Tr8 in th¢ Sfatement of RecommcndeAJ Ac¢ounting Practi¢c (SORP) AccountiDg and Rep(rtiD8 by Ctrthrits"es- t89Jed in (krober 20). Thc Charity has 18ken advanthgc of the ¢xemNion of FitwKial Rewtin8 Stsnd4rd No. l from thc 4uuem¢nts to produce a C15h Flow Ststetnent on the Ibat it qutrIeS as a sn)all charity applieable acounting 5taDdards And the charitr.es SORP {Statement of Recornmended Prncticel. J2) Fund Acfotsnthi8 Oeneral fidI are unTtstricted fund& whicll art available for use at the discretson of the tntee8 ID fiJrth¢rAnce of the genernl objectives of the company and which have Dot E¢¢n desi8nat¢d fot other purposes. DesigJ]ated ffijnds comprise unrestricted fuDth that ve bcea set a8fft(k by thc trustees for parricutar puTpo8eS. The aim and of each fiuMI will th¢n be Set OUL IJ} Tnglble tlxed Tangible fixcd assets are InclUdJ Dt ca Depwiation rs provided on all tanble fix at raies calculad to writs off th¢ cost ovcr Ih¢ir ¢xpect¢d wful lives as follows= Fixtur¢5. fJtting8 & equipments Motor vehicle 25% written down valu¢ 25% writt¢D thwu t¢ IA) Incomlrt% Rere Incomc ES m•inly frorn volunthry wntributions from membeTS ofthe ¢hurch aTrJ bank interest eived which are included tll the fwncial thl¢ments. 1.5) Remurtes expended All cxpcndiftwe is accounted ftsron an a¢¢n b&si& and are classified undtr h¢4drnp that ag8regate costs rel&led the category on a ¢oL8iMent b&%is year th yew. Mana8ement and athnintstralinn costs are those in(Urr Iri ¢ODILeciion with of the orgaDJsJtiOD WKI wmpliatice with conltiOnall and Statstory r¢quirements. P*ge i•
CAC Kl4gsweU Man¢hester Notes eootlneL._.. 2. Flxed Assets Motor vehlele Ftxfu Fltting5 & Equlpjnents 023 Totsi Colt Ai i April 2022 Addition8 At 31 Mgreb 21123 Deprecla(torA *mouDts Writt¢Tr off At l April 2022 Charge for the year At31 Mar¢h 2023 Net Book Value At31 Mareh 2(123 At31 Mareh 2022 3. CTedltor8 2023 22 Other cr]1[$ AecThS 500 960 500 960 4. Incoming Tesoureei Unrestricted funds Restricted funds Tot•1 2023 Tithes. Offering & Thanksgiving Others. JRS Grant Investment inoome 35,949 35.949 13.124 7.855 35.949 20979 Page 11
CAC KInwell Monehe5ter Notss eoDtknueL.-...- Cost of geDerstlng fund$ In furttherae of the chority'$ obj¢ets.. Rent & rates {including light & water) Chuirh Outreach. Advertisement & Publicity Books & Teachin¥ Mat¢rtd5 welfa Expcnses 8,160 1.060 218 3,793 B,100 13 8,160 6. Man#¥ement & Admllllstradon ofch4rlty Churitable dollatiotLS'. Otherdonarin& Wages & sTies InsutCe Telephone Expenses Ti'avellsng Exi)&Jlb¢ Li8ht. Fleat & Power Repa8 & Maitiienan¢e Sundry Expense5 Bank Charge Church Runoin8 Exp¢Th5¢8 & Athni#istration Account8ncy fee5 Depre¢iatiort.' fiKturc3 & ¢quipments 12.052 15,914 63 201 100 323 7,618 400 2,451 400 20,774 Page 12