CAC KINGSWELL MANCHESTER
REPORTS & FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH 2024
CHARITY NUMBER: 1174387
CAC KINGSWELL MANCHESTER
| Contents | Page |
|---|---|
| Legal and administrative information | 1 |
| Trustees' Report | 2 - 6 |
| Independent Examiners' Report | 7 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 |
| Notes forming part of the financial statements | 10 - 12 |
CAC KINGSWELL MANCHESTER al and Adminislratii'e Information CONSTITUTION The charity is constituted under a Trust Deed with Tegistered charity number 1174387. TRUSTEES The trustees who served during year cnded were as follow: Adcremi Efunnuga Jimmy Apanlaku Mosunmola Efunnuga Sunday Ibude CHURCH 32 Ivy street Manchester M40 9LN BANKERS Natwest INDEPENDENT EXAMINER Flouri.%h Cilobal Consulting IA fiTm with C'hartered AccourtlatL15 & Managemethl Con5ultsntsl Unit 9 Challenge IIou5e Croydon HuSe Business Cenire I Peall Ri)ad, Lr(>ydon CRQ 31X Page I
CAC KINGSWELL MANCHESTER Trustees, Report For The Year Ended 31st Marth 2024 The TTUStCCS PTesent their report togcthcr with thc accounts for the ycar cndcd 31 st March 2024. The accounts havc been prepared in accordance with the Statement of Recommended Practice 2005 and other applicable laws. Structure Governance and Mana emen¢ The charity is constituted under a TThsi Deed with registered charity number 1174387. a) lethOd of Appointment or Election of Trustees The mai)agemenl of the church is the responsibility of the Trustees who are elecled and coopt¢d undcr Ihc Icmis of thc Trust Dccd. b) Policies Adopted for the Indu¢tion and Training of Trustees Th¢, induction process for any newly appointed m¢mb¢r of th¢ trusi¢¢s ¢oinpris¢s an initial meL'tingT with other Chair and other Tru%tee%. followed by d serie% of %l)ort meetings wilh lh¢ Minisicr in Charg?¢ on ihc pow¢rs and r¢sponsibilili¢s of th¢ Trustc¢s. c) OrganlsatlonAI Structure And Decision Maklng The C'harity is orgyanised so that the Trustees meet regyularly lo manage its affairs Thcrc is an adminislralorlaccounl pcrsonncl that handlc Ihc daily affairs of Ihe charity. d) Risk Management The Trust¢¢s have asscsscd thc major risks lo which thc charily is exposcd, in particular those related lo the operdtions and finances ofthe charity. and are satisfied that systems are in place to mitigate our exposur¢ to ihe major risks. Page 2
CAC Kingsivell Manchester Obiectives and Aclivities a) Policies and Objectives The objectives of the chur¢h are to advance thc Christian religion for the public bcncfit in accordance with the doctrines of our Lord Jesus Christ. throu the holding of prayer mectings, lectures, evangelism, distributing of literdturc and tracts. broadcasting and such chdritdble means as the trustees consider dppropriale; aiid ihe relief of poverty. b) Strategles for Aehlevlng Objectlves The Charity has adopted ihe following slraiegies for achieving ihe above objectives.. Organising seminars and events wilh proven speakers and minisiers of the faith lo guide members in the various aspects of the Christian faith; and support for oiher charities and Christian cicnts. c) Activities for Achieving Objectives AdvancLm¢nl ofchrislian faith Commiinily oulrLa¢h LvenlN. Provision of w¢lfarc support to mcmbcrs. Provision of support lo oih¢r charities. Conf¢r¢n¢cs and Ev¢nts. d) Grant maklng Polleles In line with the object of the charity. io relief poverty and the advancement of Christian religiun worldw'idc. The charity ha5 a policy of supporting missionary organi5ation5 who arc in nced, {this is al Ihc discretion of the tru5tcesl. e) Volunteers The charity is grateful for Ihe good efforls of its volunteers who are involved in service provision. The charily has a volunteer coordinator to cnsure Ihai besl value is derivcd from the slerling efforts of our i'olunleers. P#ge 3
CAC Kingswell Manchester Achievements and Performance ) ReTr'iew of Activitie5 The charity is Consolidating the gains of previous development and has successfully ministered lo ihe needs of various soLial groups within and outside ihe churLh. The charity provides forum for manpower development for its members to be equipped. educationally. socially and spiriiually. li offer8 various counselling sessions to ihe needy. unemployed, and educa(ional and makes referral whenever the need arises. Thc charity providcs counsclling scrvices io mcmbcrs of thc community. Wc have also embarked on various training programmes to equip more church volunteers wilh the relevant counqLllingy skills ihat will hLlp Ihcm scrvc rhc community bcttcr. Wc continuc to support and cncoiiragyc young pcoplc by providing a Youih Church wh¢rc Iccnagjers mccl on Suiiday aftcrnoon undcr a caringy, supportivc and cncouraging atmosphcrc. Thl. charity still continu¢s to fulfil its main objcctivcs. by crcating¥ facilitics to h¢lp dcvclop the wholc man. %piritUdlly. meiitdlly and physically. We hai'c iiivesled iiinc. enerb'y dnil moncy into a¢tivitics and prosTrainmcs that has held preN'ent youth crimes. dcprcssions in people, child dbuse dnd such social vice5 that are eating deep into our society. FlnAnclAI Revlew a) Reserves Pollcy The Iruslccs hae cslabli.shcd a policy ivhcrcby the unrcstriclcd funds not committed or inveslcd in langiblc fixcd asscls ('Ihc frcc rcscrvcs,) hcld by the Lhurch should bc 3 months of annual expenditure. At Ihis level. the trnslees leel that they would able lo conliiiue the current activities of the church in the event of a significant drop in funding. b) Principsl Funding This is provided mainly through voluntary off¢rings and tithes by church members and through gift aid scheme. Pledges are also taken for specific projects. Page 4
CAC Kingswell Manchester Plans for the Future a) Future Dei'elopments The charity aims as part of fulfilling its main objeciives. to conlinue to explore various ways of spreading the gospel of Christ in an effective manner. The chariry is also looking io grow in mcmbcrship and continuc to devclop its members to makc lifc-changing impact in socicty. Statement of Trustee5' Respon51bilities Th¢ Tnjstees are responsible for preparing th¢ Annual report and Finan¢ial statemenis in a¢¢ordan¢e with applicabl¢ law and regulations. Company law requires ihc Trustccs to prcparc financial sthtemcnts for each financial ycar. Under ihe law ihe Trusiees have elecied (o prepare ihe financial 8iaiements in accordance with Unilcd Kingdom Cjcncrally Acccpied Accouniing Practice (Uniicd Kingdom Accounting Standards ilnd applicable lawl. The finai)cial gtatemei)is are required by law to give a true and fair viLw of thc sialc of affairs of Ihc charity and of ihc surplus or dcficil of ihc chari(y for that period. In preparing these financial %tatemenL%, the truslee.% are reque%led io.. Select %uilable accounting, policie% and then apply Ihem con%islenily; • Makc judgF¥mcnls and cslimalcs ihai arc rcasonablL and prudcnt. Slate wheiher applicable accounting standards and 5talemenls of recommended practice havL bLcn followcd, subjccl lo any dcpartures disclosed and explaincd in the financial statements; Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. Page 5
The Trustees are resw)nsible for kwing proper accounting records. which disclose with reasonable accuracy at any time the financial }Sition of the chaTity and to enable thern to ensure that the financial statements comply with the General DreCtionS given by the thaTity Conllnission. They are also ffsponsible for safeguarding the a&sets of the chaTity and hence for taking re&sonable steps for the prevention and detection of fraud and other irregularities. roval This Teport was approved by the board of trttees on .. ... .......... ...............and Signed on its behalf by: Name.. Signature.. ge6
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CAC KtNCSWELL MANCHESTER Statement Of Financial A¢tii'ities For The l'ear Ended 31st March 2024 Notes Unrestritted Fund Restricted Fund Total 2024 202.1 Incoming Resource5 Volunrary Sources- tiihes, offerings, donations, thanksgiving. erc 23.5(A 23.560 35.949 Miscellancous receipt oihcr income invcsimeni Income Tot41 Incominx resource5 23.5M 2J.$60 35.949 Regourtes F.xpeThded Ccist cil'¥¢n¢niirt¥ funds in fiinh¢rdnL¢ i)fth¢ rharily's c)bj¢¢iiN'¢$ Mana¥iminl & Admini%irg1ithrt of C'hari 8,821 20.774 Total resourcej expended 20.662 -14.005 Net In¢omlng re%our¢e% I loutgolngl resour¢e% 2J1911 1.944 Other re¢o¥nised 8Airt$ rtrLd Ii>&ses Gross Tronsf¢r bctween fut8 Net moTremeth¢ ith fund$ for the )eir- Net in¢omel{¢xpenditurel for the year 2.898 l.944 Total ndS brought fonvard 1141?023 Other balan¢¢s blf Oihcr tran5tcrs 1.864 i¥oi Tot*1 Funds Carrled Forwsrd At 31st Nlarth 2024 4,762 1,864 Pa¥e 8
17é2 762 4.762 742
CAC KINGSWELL MANCHESTER Notes To The Financial Statements For The Year EDded 31st hlarch 2024 l. Accountlng Poll¢le$ .1) Actountlng Conventlo Th¢ Financial Staicm¢nis has bc¢n pr¢par¢d w)d¢r th¢ hisiori¢al cosi ¢onv¢niion, In a¢cordan¢¢ wilh applicable IJK Accounting Siandardq and al%0 wilh IhL r¢¢omm¢ndaiion% in thc Stat¢mer)i of Recommended ALLÉ)unlin¥ PT(ILliLL ISORPI ALL()unlin¥ iind Reponiny by ChilTilies- issucd in (k.i()bL'r 20()0. Th¢ Charity has tak¢n advantag¢ of the ¢x¢mpiion of Financial Rcporting Standard No. I from ih¢ rcquircmcnis 10 produce a Cash Flow. Siat¢m¢ni on th¢ ground rhai li qualiti¢s as a small chority applicable acounting standards and ihc chariiicq SORP Isiaiemcni of Recommcnded Praciice). .21 Fund Accountln% Ciencral funds arc unresiriclcd fund%. which arc ai'ailablc for ar ihc discrrfion of ihe trus1$ in rtherance of IhL gLnLral ubjLciiic% tsf the company and which hai'¢ not bccn dL%ignatLd for oiheT purw%es. r)e4ignuicd lund% L(ImpTiSC unrcslricicd fuiidN that have been ¥ei asidc by ihe inL%iee% f(Trr particular PUry>I)%e%. The aim and use of each designated fund will ih¢n be w Qui. 1.31 Tanglble fixed Issets Tangiblc fixcd a8scL% are iThcliidcd ai eosi. Deprecidiion is provided on all Idnb7ible fixed as5¢1s ai rates ¢Jl¢ulai¢d to write off the ovir Ih¥ir ¥xp¥LILd ur7 liv¥s 05 follow¥'. Fixiurcs. fittin&8 & cquipments Motor vehicle 25¥0 wriitcn down value 25•h written down valuc 1.41 Incomlng Resources In¢vm¥ ib mainly frvm vuluniary ¢vniribuiivns frnTrm m¢mbers of ihe ¢hur¢h and bank inieres¢ rcrcived which arc included In ¢hc finanrial 5tai¢mcnts. 1.51 Resource5 expended All expendiillr¢ is aL¢ounted for on an a¢cnLal basis and are Classified under headin ihal aggregat¢ all Costs relai¢d Iv the iaiegory vn a rvnSLsi¢ni babis )rar lo y¢ar. Managemeni aJminibtralion cvsls ar¢ ihvbe incurred in connection with administration of the organisation and compliance with constitutional and statutory rcquirements. Page I
CAC Klthgswell M*nchesitr Note$ ¢ontlnutd.-........ 2. Flxed A$set$ Flitures Flttlthgs & Equipments 2024 Total vehltle Cost At I April 2023 Addiiions At 31 March 21124 Depreciation and 8mount5 written off Ai l April ?U?3 Charge for the ycar At 31 Mareh 21124 Net B¢bok Vglue At 31 M8r¢h 21114 At.I l Mareh 2023 3. Credliors 2024 2023 Other ¢rediitsrs Accruals 51M) 500 4. Incomlng r¢50ur¢e$ Unre5thcted fund5 R¢51riCted fund5 Total 2024 2023 Tithes, Off¢rin¥ & Thanksgiving Otherb- JRS GrJni Investment incotne 23,560 23,560 35,949 2.4.560 2.1.560 .15,949 Page 11
Notesc•ntinll S. C05t of generating fuods ltt hrtberllee tsf tke charity's object$-. Rent & rates linGluding ligbt & wat¢TI Chur¢h outreach, Adverttsement & Publiciry Books & Teaching Materials WelfaTe Expenses 8,160 1.715 8,160 218 3.793 13.231 6. M#aEen*nt & Admlnlstratlon dcharfty ChaTitsble donatio her donations Wages & Salaries Insurdncc Telephone Expenses Travelling ExpthL4es Light. H¢ai & Power Repaits & Maintenathce Sundry Expenses Bank Chdrg¢s Church Running Exp¢ns¢s & Admini1tr8tion Accountancy fees Depreciation: fixtur¢5 & quipments 12,052 30 277 80 201 100 323 377 7,737 7.618 400 8021 20.774 Name.. Sign.. Dale.. %e12