CHRIST APOSTOLIC CHURCH - MOUNT BLESSING Notes to the Accounts for the year ended 31 October 2025
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
All expenditure is accounted for on an accrual basis and has been classified under headings that aggregate all costs related to the category.
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.
Office equipment 25% straight line Motor vehicles 25% straight line
2 Operating profit
Operating profit £ £ This is stated after charging: Depreciation of owned fixed assets 1,135 818
| 3 Tangible fixed assets Plant and machinery etc Cost £ At 1 November 2024 9,473 At 31 October 2025 9,473 Depreciation At 1 November 2024 5,418 Charge for the year 501 At 31 October 2025 5,919 Net book value At 31 October 2025 3,554 At 31 October 2024 4,055 4 Creditors: amounts falling due after one year Bank loans |
Furniture & fittings £ 5,888 5,888 3,346 317 3,663 2,225 2,542 |
Motor vehicles £ 5,888 5,888 3,346 317 3,663 2,225 2,542 2025 £ 5,501 |
Total £ 21,249 |
|---|---|---|---|
| 21,249 | |||
| 12,110 1,135 |
|||
| 13,245 | |||
| 8,004 | |||
| 9,139 | |||
| 2024 £ 8,592 |
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CHRIST APOSTOLIC CHURCH - MOUNT BLESSING Notes to the Accounts for the year ended 31 October 2025
| 5 Unrestricted Funds At 31 October 2024 Net Incoming Fund At 31 October 2025 |
£ 3,254 20,628 23,882 |
£ (389) 3,643 |
|---|---|---|
| 3,254 |
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