Registered number 06406522
## CHRIST APOSTOLIC CHURCH - MOUNT BLESSING
## Report and Accounts
31 October 2021
## **CHRIST APOSTOLIC CHURCH - MOUNT BLESSING Report and accounts Contents**
||**Page**|
|---|---|
|Administrative information|1|
|Trustee's report|2|
|Accountants' report|3|
|Statement of Financial Activities|4|
|Profit and loss|5|
|Balance sheet|6|
|Notes to the Financial Statements|7|
|(inclusive of detailed Income & Expenditure)||
## **CHRIST APOSTOLIC CHURCH - MOUNT BLESSING Company Information**
## **Trustee**
Rev Joseph Sunday Alabi
## **Secretary**
Evang Funmilayo Alabi
## **Accountants**
Lemo Corporate 815 Old Kent road, London, SE15 1NX.
**Bankers** SANTANDER
## **Registered office**
170 Hurstwood Avenue Kent DA8 3QA
Charity number 1186170
**Registered number** 06406522
1
**CHRIST APOSTOLIC CHURCH - MOUNT BLESSING Trustee's Report**
## **Trustees Report for year ended 31st December 2019**
## **The trustees present their financial statements for the year ended 31st December 2019**
The principal activity of the organization continues to be:
Propagation of the GOSPEL according to the teaching of JESUS CHRIST
## **Statement of Trustee Responsibilities**
The Trustees are required to prepare financial statements that give a true and fair view of the state of affairs of the organization and of the income and expenditure of the project for that period. In preparing these financial statements, the Trustees are required to:
- Select suitable accounting policies and apply them consistently
- Make judgements and estimates that are reasonable and prudent
- State whether applicable standards and statement of recommended practice have
- been followed, subject to any material departures disclosured and explained in the statements.
- Prepare the financial statements on the going concern basis unless it is inappropriate
- to presume that the project will continue in operation.
The Trustees are responsible for keeping proper records that disclose at any time the financial position of the project. They are also responsible for safe guarding the assets of the organization and hence for taking reasonable steps for the prevention and detention of fraud and other irregularities.
## josephsundayalabi
Rev Joseph Sunday Alabi TRUSTEE
Date: 31 July 2022
2
## **CHRIST APOSTOLIC CHURCH - MOUNT BLESSING INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHRIST APOSTOLIC CHURCH - MOUNT BLESSING**
I report on the charity for the year ended 31 July 2022, which are set set out on pages 4 to 5.
## Respective resposibilities of 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 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. [The charity's gross income exceeded £250,000 and I am qualified to undertake the examination by been a qualified member of Association of Chartered Certfied Accountants.
## It is my responsisbility to:
. examine the accounts under section 145 of the 2011 Act;
. to follow the procedure laid down in the General Direction given by the Charity Commission under section 145(5)(b) of the 2011 Act; and;
.to state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commision. 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 the seeking of explanations from you as trustee concerning any such matters. The procedure undertaken do not provide all the evidence that would be required in an audit and, consequetly 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
1. which gives me reasonable cause to believe that, in any material respect, the requirements: . to keep accounting records in accordance with section 130 of the 2011 Act; and
. to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met.
## or
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
LEMO CORPORATE 31 July 2022 Chartered Certified Accountants 815 Old Kent Road, London, SE15 1NX
3
## **CHRIST APOSTOLIC CHURCH - MOUNT BLESSING Profit and Loss Account for the year ended 31 October 2021**
|**Notes**
**Income**
1
Administrative expenses
**Operating loss**
**Loss on ordinary activities before taxation**
Tax on loss on ordinary activities
**Loss for the financial year**|**2021**
**£**
36,094
(39,444)
(3,350)
(3,350)
-
(3,350)|**2020**
**£**
35,977
45,073|
|---|---|---|
|||(9,096)|
|||(9,096)|
|||(9,096)|
4
## **CHRIST APOSTOLIC CHURCH - MOUNT BLESSING**
## **Statement of Financial Activities**
## **For the year ended 31 December 2019**
|**Income Resources**
**Total Income Resources**
**Resources Expended**
Support costs of activities in
furtherance of the charity's objects
Management & Administration
of Charity
**Total Income Expended**
**Net incoming/(outgoing) resources**
**Net Movements in Funds**
**Fund balances b/fwd**
**Funds balances c/fwd**|**Notes**
4.2
4.3|**Total**
**Fund**
**2021**
**£**
**36,094**
15,331
24,113
**39,444**
**(3,350)**
**(3,350)**
**(5,139)**
**(8,489)**|**Total**
**Fund**
**2020**
**£**
**35,977**|
|---|---|---|---|
||||13,285
31,788|
||||**45,073**|
||||**(9,096)**|
||||**(9,096)**
**3,957**|
||||**(5,139)**|
5
## **CHRIST APOSTOLIC CHURCH - MOUNT BLESSING Balance Sheet**
## **as at 31 October 2021**
|**Notes**
**Fixed assets**
Tangible assets
3
**Current assets**
Cash at bank and in hand
2,704
6,306
**Creditors: amounts falling due**
**within one year**
6
-
**Net current assets**
**Net liabilities**
**Unrestricted Funds**
Unrestricted Funds
5
**Restricted and Unrestricted Funds c/fwd.**|2,704|**2021**
**£**
205
6,306|
|---|---|---|
||6,306
-||
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006 and that the member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
## josephsundayalabi
Rev Joseph Sunday Alabi Trustee Approved by the board on 16 July 2021
6
**CHRIST APOSTOLIC CHURCH - MOUNT BLESSING Notes to the Accounts for the year ended 31 October 2021**
## **1 Accounting policies**
## _**Basis of preparation**_
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
## **Incoming Resources**
Income is mainly from grants and bank interest received are included in the financial statements when received.
## **Resources Expended**
## **Taxation**
As a charity, the charitable funds are exempt from corporation tax but not from VAT. Irrecoverable VAT is, in accordance with standard accounting practice, included in the cost of those items to which it relates.
## _**Depreciation**_
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
|estimated useful lives.||
|---|---|
|Office equipment|25% straight line|
|Motor vehicles|25% straight line|
- **2 Operating profit**
|**2**
**Operating profit**
This is stated after charging:
Depreciation of owned fixed assets
**3**
**Tangible fixed assets**
**Motor**
**vehicle**
**Cost**
£
At 1 November 2020
0
Additions
0
At 31 October 2021
0
**Depreciation**
At 1 November 2020
0
Charge for the year
0
At 31 October 2021
0
**Net book value**
At 31 October 2021
0
At 31 October 2020
0
**4**
**Debtors**
Other debtors
**5**
**Unrestricted Funds**
At 1 January 2018
Net Incoming Fund
At 31 October 2021|**Land and**
**buildings**
**£**
-
-
-
-
-
-
-
-|**Furniture &**
**fittings**
**£**
2,712
0
2,712
2,432
121
2,553
159
280|**£**
121
**Musical**
**equipment**
**£**
4,462
-
4,462
4,416
-
4,416
46
46
**£**
3,602
**£**
(5,139)
(3,350)
(8,489)|**£**
121
**Total**
**£**
7,174
-|
|---|---|---|---|---|
|||||7,174|
|||||6,848
121|
|||||6,969|
|||||205|
|||||326|
|||||**£**
-|
|||||**£**
3,957
(9,096)|
|||||(5,139)|
7
## **CHRIST APOSTOLIC CHURCH - MOUNT BLESSING**
## **Notes to the accounts (continued)**
|4 **Detailed Income and Expenditure Account**
**For the year ended 31 December 2019**
4.1 **INCOMING RESOURCES**
Thithes, offering and thanksgiving
**OUTGOING RESOURCES**
4.2 **Support costs of activities in furtherance of**
**the Charity's objects:**
Pastoral allowances
Donations & Gifts
Honorarium
Events & Anniversary
CD, DVD and other recording materials
Printing, postage & stationery
Missonary
Evangelical/outreach materials
Advertisement & publicity
Members' welfare and training
4.3 **Management and Administration of Charity:**
Rent of Church hall
Rates
Travelling and subsistence
Security
Cleaning
Light & Heat
Mortgage
Repairs & Mentainance
Bank Chrs
Telephone
Solicitors fees
Accountancy fees
Insurance
Legal & Professional Expenses
Depreciation charge
**Total Expenses**|**Total fund**
**Total fund**
**2021**
**2020**
**£**
**£**
36,094
35,977
10,800
9,600
-
-
-
-
800
-
-
44
-
424
1,318
1,478
1,567
-
2,585
-|
|---|---|
||**15,331**
**13,285**|
||22,000
27,400
1,200
1,565
0
0
0
0
0
0
350
1,514
0
0
0
0
0
0
442
688
-
-
-
500
-
-
-
-
121
121|
||**24,113**
**31,788**|
||**39,444**
**45,073**|
8
## **CHRIST APOSTOLIC CHURCH - MOUNT BLESSING Profit and Loss Account for the year ended 31 October 2021**
_for the information of the director only_
|**Income**
Administrative expenses
**Operating loss**
**Loss before tax**|**2021**
**£**
36,094
(39,444)
(3,350)
(3,350)|**2020**
**£**
35,977
(45,073)
(9,096)|
|---|---|---|
|||(9,096)|
9
## **CHRIST APOSTOLIC CHURCH - MOUNT BLESSING Schedule to the Profit and Loss Account for the year ended 31 October 2021**
_for the information of the director only_
|**CHRIST APOSTOLIC CHURCH - MOUNT BLESSING**
**Schedule to the Profit and Loss Account**
**for the year ended 31 October 2021**
_for the information of the director only_||
|---|---|
|**2021**
**£**
**Income**
Tithes, offerings & thanksgiving
36,094
**Administrative expenses**
Employee costs:
Wages and salaries
10,800
Members' welfare
2,585
Travel and subsistence
-
13,385
Premises costs:
Rent
22,000
Rates
1,200
Light and heat
350
Cleaning
-
Security
-
23,550
General administrative expenses:
Telephone and fax & TV Licence
442
Insurance
-
Stationery and printing
44
Evangelisim & Missions
1,478
0
-
Bank charges
-
Anniversary & Conventions
-
Depreciation
121
Repairs & Mentainance
-
2,509
Legal and professional costs:
Accountancy fees
-
Solicitors fees
-
Other legal and professional
-
-
39,444|**2020**
**£**
35,977|
||9,600
-
-|
||9,600|
||27,400
1,565
1,514
-
-|
||30,479|
||688
-
-
1,567
-
-
800
121
-|
||4,494|
||500
-
-|
||500|
|||
||45,073|
10