Reglstered Charlty No- 1174501 Cl]rist Apostolic Church Mount of Rehoboth Trustees, Report and Accounts For the Year Ended 31 March 2023
CONTENTS PAGE Legal and Administrative Detalls Trustees, Report Independent Examiners, Report Statement of Financial Activities Balance Sheet Notes to the Accounts 9-14
REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31st MARCH 2023 Trustees I, Deborah Fatile (Chairman) 2. Susan Onalaja 3. Oluwakemi Yusuf Charity reglstered Number 1174501 Date of charitable reglstratlon 05 September 2017 Prlncipal office Corbelli Building Cannon Street Willenhall WV13 IQU Independent examiners Accusafe Ltd - C/0 Good to Give Ltd Bankers Metro Bank
TRUSTEES, REPORT FOR THE YEARENDED 31&T VIARCH 2023 The Board of Trustees. who are the trustees for tharlty law purposes, submit their annual report and the financial statements of Christ Apostolic Church Mount of Rehoboth Trust for the year ended 31 March 2023. The Board of Trustees confirms that the annual report and financial ststements ofthe Charity comply with current statutory requirements, the requirements ofthe ChariWs governing document and the provisions ofthe Statement ofRecommended Practice (SORP) 'Accounting and Reporting by Charities Crevised 2005),. Structure, governance and management The Trustees who have served during the year are set out on page 2 and meet on a regular basis. The Trustees play a primary role in ensuring good goveTnance and funrtioning ofthe charity. The Board's role. functions and responsibilities are quite clearly defined. The trustees have ultimate control over all the affairs ofthe charity. The Charity currently has a strong team ofAdvisory Board members in the UK who have helped to secure financial support and contribute to the future planning of the organisation. Governing document: Christ Apostolic Church Mount of Rehoboth is an incorporated thatable organisation formed on 5th September 2017 and registered as a charity on 5th September 2017. The charIty is governed by a CIO Foundation registered dated on 5th Septernber 2017. Recrultment and appointment of trustees: The members ofthe General Trustee Board are trustees for the purposes ofcharity law. New trustees may be appointed by resolution of a meeting of the trustees. Much of the charity's work focuses upon the promotion of the Christian faith, the prevention or relief of poverty. the running and maintenance of its places of worship. The Board of Trustees seeks to ensure that the needs ofthis group are appropriately reflected through the diversity of the trustee body. The charity sought to identify those who would be willing to become trustees of the charity and use their own experien to assist the charity. Rtsk Management.. We are committed to a poliry of identifyingi monitoring and managing the risks that might adversely affert the activities in which we are involved. In this context, risk is defined as the potential to fail to aehieve charlty oblertSves and for loss. financial and reputational, inherent in the environment in which we operate in the nature of the transactions undertaken. The principle risk of the charSty has been its dependence on voluntary income. Trustees have initiated various processes to mitigate such risk, so that the charity has sufficient reserve in the event of adverse condition(s).
TRUSTEES. REPORT FOR THE YEAR ENDED 31ST MARCH 2023 (Contlnued) The Trustees have also exarnined other operational and business risks which they faee and confirm that they have taken steps to mitigate significant risks that may arise (where applicablej. Publlc Beneflt: The Trustees have cornplied with the duty in Section 4 of the Charities Act 2006 and have pald due Tegard to public beneflt when preparing thi5 report. The benefit provided to the public is consistent with the aims ofthe charity in UK. ObJe(tlves and actlvltles: The principal purpose of the Church is the advancement of the Christian faith in accordance with the statement of beliefs. Other objects of the Church are: l. Advancing the Christian Religion by Providing premises where members of The Public can Learn about Religion. Any Person is welcome not matter what Race or Religion. 2. the relief of financial hardship among the general public by providing any such persons with goods whlch they could not otherwise afford through lack of means. In reviewing the objertives and planning the activities, the Trustees have given careful consideratioll to the Charity Commission's general guidance on public benefit and, In partieular. to its supplementary public benefit guidance on advancing the objective5 as set out above. The Trustees consider the current activities as detailed in this report deliver public benefit. Grant Making Pollcies: The church provides support to members of the congregation (at the discretion ofthe leadership team) who are in need. Flnancial review: Income and Expenditure durlng the year amounted to £ 95,977 & E 83,739 respectively (2022- £ 71,399 & £ 68,171}- The attached financial statements show the current state of the charitys finances. Plans for Futhre Developments: The Charity plans to develop various fundraising strategy to include mass marketing. Besides mass marketing and events. the charity is aiming to achieve its targets through securing
donations from wi115ng individuals. A development board may be created to help include other avenues of fundraising to be included in the yearly programme. Independent Examiner: The Charl5 independent examiner, Accusafe Ltd CIO Good to Give Ltd. has indicated their willingnes5 to offer themselves for appointment. This report was approved by the Trustees on and signed on their behalf by.. Date it)1slxq
Christ Apostolic Church Mount Of Rehoboth Statement of Financial Activities For the Year Ended 31 March 2023 Unrestrlctad Funds Restrlctgd Funds Total 2023 Total 2022 h)come and Expgndlturn Incoming Resources Incoming resources fr( vduntary incCe Other income resources 73,527 22,4 73,527 22.450 64.591 6,808 95,977 95,977 71.399 Resources Expended Cost of generating funds.. Costs of generating vc4untary inccme Charitable aclivilies= Outreach Ministry Govemance cosis 43,727 43.727 68,171 10,178 29.835 10.178 29.835 Total Resourc•s Expended 83.739 Net {OutgoSngV Incomlng Resources 12,237 12,237 3,228 Translers betsveen funds Net Movement In Funds 12.237 12.237 3,228 Fund balances brought for¥rdrd at 01 Apr 13,798 13.798 10,570 Fund balances rrIed foTWdrd al 31 Mar
Christ Apostollc Church Mount Of Rehoboth Balance Sheet at 31 March 2023 Charlty 2023 2022 Fixed Assgts Tangible fixed ass81s 17,925 5,485 17,925 5,485 Current Assets Stk and work in prcgress Debtors Cash at bank and in hand 8.111 9,393 8,111 9,393 Cr•ditors'. Amcmjnts falling due witlin one year 1.080 Net CUTrt Assets 8.111 8.313 Net Ass•ts Funds Unrestriet Restricted 26.035 13.798 Apr¢ed aTrJ aulh0ri8ed for issue by the Board of Trustees o signed its behalf ty. .I.JCorn I Trust88 The rte8 on pages 9 to 14 part of these account8.
NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 31st MARCH 2023 I. ACCOUNTING POLICIES Basis ofprepardtion of financial statements The financial statements have been prepared under the h&storical cost convention. with the exception of investments which are included at market value, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). The financial statetnents have been prepared in accordance with the Statement of Recommended Practice (SORP),'Accounting and Reporting by Charities, published in March 2005 and applicable accounting standards. Fund accountlng General funds are unrestrirted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Restrlrted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricied fund is set out in the notes to the financial statements. Incomlng resources All incoming resources are included in the Statement of financial acttvltles when the charity has entitlement to the funds, certainty of receipt and the amount can be measured with sufficient reliability. Donated services or facilities, which comprise donated services, are included in income at a valuation which is an estimate of the financial cost borne by the donor where such a cost is quantifiable and measurable. No income is recognised where there is no financial cost borne by a third party. Income tax recoverable In relatlon to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Resource5 expended Expenditure is aeeounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to artiVLties. Where costs cannot be dirertiy attributed to particular activities, they have been allocated on a basis consistent with the use of the resources. Fundralsing costs are those incurred in seeking voluntary contributions and do Dot include the costs of disseminating information in support of the charitable activities. Support costs are those costs incurred dirertly in support of
expendlture on the objerts of the charity and include project management carried out at Headquarters. Governance costs are those Ineurred in connertion with administration of the charity and compliance with constitutional and ststutory requirements. Grants payable are charged in the yearwhen the offer 15 made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the yearend are noted as a commitment, but not accrued as expenditure. Tangible Fixed A55ets Depreciation is provided at the following annual rates In order to write off each asset over its estimated useful life. Bulldlng MotOT vehicles 20% on reducing balan Furniture, fixtures and equipment 20% on reducing balance Related Party Transartlons There were no payTnents to trustees or connerted persons during the year nor in previous years. ioi
NOTES TO THE FINANCIAL STATEMENT FOR THEYEAR ENDED 31ST MARCH 2023 (Continued) Ineomlng Resources from Voluntary Income Unrestrictsd Funds Restrfcted Funds Total 2023 Total 2022 Donation GiftAd Other Inccrne 73,527 17,450 5,000 73.527 17,450 5,000 64.591 95,977 71,399 111 Pd
NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 31ST MARCH 2023 (Contlnued) 3 Total Rosources Expended Staff Costs Total 2023 Total 2022 oth8r Dopreclatlon C05t of w8r8tiNJ fund& Bank Charges Administration Costs Operation Costs Charitable activitie$= Outreach Ministry GOVance costs 17 29,298 9.930 17 29,298 14.411 12 22,351 8,195 4,481 10.178 29.835 10.178 29,835 9,018 26,435 79,258 4.481 83,739 66,011 Totsl 2023 Total 2022 Breakdown of Costs Other Bank Charges 17 17 12 Total Totsl Breakdown of Costs {continued Costs Other 2023 2022 Co* of generang fund& Administration Costs CCTV installation expense Church Printing cost Chur¢h Software Purchase Church Zonal charges Digital thertisernent Drinks.water EON Utilifjes Office Expense Accounting Fees Claims Expenses Insurance Subscripti¢)n Toilet Hired Transportation expense Van Insurance Walsall Council Waste payment 4.662 2,292 575 4.975 241 185 3,115 756 1,080 4,188 4.662 2,292 575 4.975 241 185 3.115 756 1.080 4,188 494 1.300 408 3.547 132 1,349 2.000 500 4,900 230 2,224 2,890 1,260 400 1,250 1.300 408 3,547 132 1.349 4.317 1.300 121
NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 31ST MARCH 2023 (Continued) 3 Total Re50urG•s Expended (contlnuod} Staff Costs Totsl 2023 Totsl 2022 Breakdown of Costs {contlnufjdl oth Cost of generating funds. Operation Costs Church auditorium beautification 6xp8nse Church building Rent Depredallon 1,090 839 8,145 1,371 8.840 4.481 4,481 14.411 14,411 Tangibl8 Fix•d A8s•ts Motor Fixtur04 and Equlpmont Totsl Vehicle 2023 Cost At 1 April Additions Disposals 9.445 1e.921 7.400 9,521 At 31 M8rch Depreciation Al 1 April Charge for the period Eliminalod on thspos81 3.sfjo 3.CK)1 3,980 4,481 1.480 Al 31 March Ngt Book Valuo Al 31 March 12.005 17.925 At 1 April
NOTES TO THE FINANCIAL STATEMENT FOR THE YEARENDED 31ST MARCH 2023 (Contlnued) 3 Total Re$our¢ts Expgndgd {continued) Staff Cost Total Total Other 2023 2022 Charitable activtti'es- Ministry Hospitality Ministry Children Ministy mUC Ministry Church Sunday Schod Ministry Wen Ministy Honorarium Transportation and hotel Men Minlstry Walsall Scout Group Weare Support 9.063 3.222 2.978 9,oe3 3,222 2.978 990 4,892 2,3SO 4.063 200 578 1,499 7,742 1.011 9.330 366 1.53S 1.500 3.500 150 4,892 2,350 4,063 200 578 1,499 1,300 29,835 26,435 Stsff Cost Total Totsl Othor 2023 2022 Charitable 8ctivilies'. Outreach Church Kil¢hen Food Bank Governance costs GoVanCe Costs