## **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 Hu￿Se 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 hel￿d 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 ha￿e 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 D￿reCtionS 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 trt￿tees on .. ... .......... ...............and Signed on
its behalf by:
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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 fut￿8
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 u￿r￿7 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 hrtber*llee
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
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