Armor of God Apostolic Church
Trustees Annual Report and Unaudited Accounts For the Yea r En ded 30 September 2022
Charity Registration No. 1185289
Trustees Annual Report and Unaudited
Accounts For the Year Ended 30 September
2022
Charity Registration No. 1185289
ARMOR OF GOD APOSTOLIC CHURC H
Trustee’s Report
The Trustee’s present their report for year ended 30 September 2022
The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity’s trust deeds, Charities Act 1993 and the Statement of Recommended Practice, “Accounting and Reporting by Charities” issued in March 2005.
Structure, governance and management
The charity was set up by a charitable trust deed dated 13 September 2019
The Trustee’s who served during the year were:
Olanike Williams ( The Chair) Sherifatu Adesunbo Adegbesan Randy Olukayode Shoyemi Bolanle Ojo Tolulope Adepelu Ojutiku
Trustees are familiar with the workings of the church having been drawn from long standing Church members that have the skill set to offer an empathy with the charity’s core values. New trustees are invited and encouraged to attend training courses by the Chair and also to read guidelines and publications issued by the charity Commission eg “the Essential Trustee”, copies of which are given to the new trustees
Related Party Relationships
Transactions with related parties are disclosed in the notes to the accounts.
Risk Management
The trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks.
Objectives and activities
The object of the charity is the advancement of the Christian religion in accordance with the tenets and practice of the Armor of God Apostolic Church . Various policies were ado pted during the year in furtherance of this object.
Financial Review
The total incoming resources for the year amounted to £39,892
an d the to tal resources expended amounted to £39,409 lea ving a net SURPLUS for the y ear of £483
It is the policy of the Charity that unrestricted funds which have not been designated for specific use should be maintained at a level equivalent to between three and six months expenditure.
The Trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities whilst consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.
Statement of Trustees Responsibilities
The Trustees are responsible for preparing the Trustees report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to England and Wales requires the Trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year.
In preparing these accounts the Trustees are required to:
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Select suitable accounting policies and then apply them consistently,
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Observe the methods and the principles of the charities SORP,
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Make judgments and estimates that are reasonable and prudent’
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State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts; and
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Prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the accounts comply with the Charities Act 1993, the Charity (Accounts and Reports) Regulations and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
For and on behalf of the board of Trustees PASTOR Olanike Williams Church Oversear
Dated: ...............................
ARMOR OF GOD APOST OLIC CHURCH
Independent Examiner’s Report To the Trustees of ARMOR OF GOD APOSTOLIC CHURCH
I report on the accounts of the charity for the year ended 30 September 2022, which are set out in the attachment.
Respective responsibilities of the Trustees and Examiner
The charity's Trustees are responsible for the preparation of the accounts. The charity's Trustees consider that an audit is not required for this year under section 43(2) of the Charities Act 1993 (the 1993 Act) and that an independent examination is what is needed.
Basis of Independent Examiner's Report
My examination was carried out in accordance with the general directions given by the Charity Commission.
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 concerning any such matters.
The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
(a) which gives me reasonable cause to believe that in any material respect the requirements:
(i) to keep accounting records in accordance with section 41 of the 1993 Act; and
(ii) to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 1993 Act; have not been met; or
(b) to which, in my opinion, attention should be drawn to enable a proper understanding of the accounts to be reached.
Name:
Dated:
ARMOR OF GOD APOSTOLIC CHURCH STATEMENT OF FINANCIAL ACTIVITIES (Incorporating Income and Expenditure Accounts) FOR THE YEAR ENDED 30 SEPTEMBER 2022
| Notes | Unrestricted | Restricted | Total | |
|---|---|---|---|---|
| £ | £ | |||
| INCOMING RESOURCES | 2 | |||
| Voluntary income | 39,892 | 39,892 | ||
| TOTAL INCOMING RESOURCES | 39,892 | 0 | 39,892 | |
| REOURCES EXPENDED | 5 | |||
| Charitable activites | 39,409 | 39,409 | ||
| TOTAL RESOURCES EXPENDED | 39,409 | 0 | 39,409 | |
| MOVEMENT IN TOTAL FUNDS | ||||
| For the year 2022 | 483 | 0 | 483 | |
| Balance from the year 2021 | 835 | 0 | 835 | |
| Balance at 30 September 2022 | 1,318 | 0 | 1,318 |
ARMOR OF GOD APOSTOLIC CHURCH STATEMENT OF FINANCIAL ACTIVITIES
(Incorporating Income and Expenditure Accounts) FOR THE YEAR ENDED 30 SEPTEMBER 2022
| Notes | |||||
|---|---|---|---|---|---|
| £ | £ | ||||
| FIXED ASSET | 1.3 | ||||
| Tangible Fixed Asset | 0 | ||||
| CURRENT ASSETS | |||||
| Debtors | 6 | 0 | |||
| Loan A/c | 7.1 | 0 | |||
| Business Premium Account | 6.1 | ||||
| Cash at bank | 1,318 | ||||
| 1,318 | |||||
| CREDITORS: due within one year | |||||
| NET CURRENT ASSETS | |||||
| TOTAL ASSET LESS CURRENT LIABILITIES | 1,318 | ||||
| CHARITY FUNDS | |||||
| Restricted funds | 8 | 0 | |||
| Unrestricted funds | 1,318 | ||||
| TOTAL FUNDS | 1,318 |
ARMOR OF GOD APOSTOLIC CHURCH NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2022
1.1 Basis of preparation of the financial statements.
The accounts have been prepared under historical cost convention
1.2 Fund accounting
Restricted funds are funds which are to be used in accordance with specific restrictions impose by donors which have been raised by church for particular purposes .The cost of raising and administering such funds are charged against the specific fund.
General funds are unrestricted funds which are available for use at the
discretion of the Trustees in furtherance of the objectives of the church which has not been designated for other purposes
Designated funds comprises of unrestricted funds that have been set aside by the Trustees for a specific purpose.
1.3 Tangible fixed asset
The Trust has no tangible fixed asset at the moment
2 Voluntary Income
| Restricted Unrestricted funds funds 2022 2022 £ £ Donations 39,892.05 Collections and other donations CONTRIBUTION DONATION OFFERING THANKSGIVING TITHES Total |
Restricted Unrestricted funds funds 2022 2022 £ £ 39,892.05 |
Total Total funds funds 2022 2021 £ £ 39,892.05 15,500.00 |
|---|---|---|
| 2022 2021 £ £ 13,790.66 4,008.00 15,610.00 1,885.00 7,345.77 9,007.00 565.00 2,580.62 |
||
| 39,892.05 14,900.00 |
3 Charitable Donations to Institutions
| Restricted | Unrestricted | Total | Total | |
|---|---|---|---|---|
| funds | funds | funds | funds | |
| 2022 | 2022 | 2022 | 2021 | |
| £ | £ | £ | £ | |
| Donations | 0.00 | 0.00 | 0.00 |
| 4 List of Institutions Donations Payable Name of institution Donation description a OUTREACH Advancement of Christian Faith Worldwide |
2022 2021 £ £ 500.00 0.00 |
|---|---|
| 500.00 0.00 |
| 5 EXPENDITURE BY CHARITABLE ACTIVITY Advancement of Christian Faith Basis of Allocation a. Direct cost Visiting speaker(Honorarium) Actual Welfare & Entertainment Actual Conferences Actual b Support cost Advancement of Christian Faith Basis of Allocation Rent Actual Equipments Actual Stationary/printing & other Actual Instrumentalist Actual Books/Literature Actual Utility Actual c Goverance Cost |
2022 2021 £ £ 4,945.00 500.00 937.00 890.00 120.00 |
|---|---|
| 6,335.00 1,057.00 |
|
| 2022 2021 £ £ 28,800.00 10,043.00 80.00 996.00 120.00 90.00 2,670.00 2,480.00 904.26 |
|
| 32,574.26 13,609.00 |
|
| 2022 2021 £ £ |
c Goverance Cost Accountancy