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2023-03-31-accounts

Trustees’ Annual Report for the period

Charity name: CHRIST APOSTOLIC CHURCH DOMINION OUTREACH Charity registration number: 1194558

Objectives and Activities

SORP reference
Summary of the purposes of
the charity as set out in its
governing document		 Para 1.17 To advance the Christian religion and
education in England and Wales in
accordance with the statement of belief
appearing in schedule and Christian
doctrines, for the benefit of the public.
The prevention or relief of poverty mainly
in Manchester and other places by
providing grants, items and services to
individuals and supporting other
charities or organisations, working to
prevent or relieve poverty.
All our objects are charitable.
Summary of the main
activities in relation to those
purposes for the public
benefit, in particular, the
activities, projects or services
identified in the accounts.		 Para 1.17 and
1.19		 We undertook our usual weekly, monthly
and annual church activities such as
bible study, prayer meetings, preaching,
counselling, evangelism, Christmas
carol, seminar/retreat and annual
convention.
Mission Meal Outreach for the homeless.
Welfare Support to the bereaved
families.
Workshops and Seminars for Church
Leaders.
Provision of education and support for
young people whose parents suffer from
mental illness.
All our Objects are charitable and our
activities are design for public benefit
Statement confirming
whether the trustees have
had regard to the guidance
issued by the Charity
Commission on public
benefit		 Para 1.18 Our trustees have had regard to the
guidance issued by the Charity
Commission on public benefit

Additional information (optional) You may choose to include further statements where relevant about:

SORP reference
Policy on grant making Para 1.38 The Trustees must use the income and
other revenues of the organisation in
promoting the Objects in the governing
document (Trust Deed) This will include
the purpose of actually carrying out the
objects as in paragraphs 1, 3.2 and 3.3 of
the Trust Deed.
We currently have limited funds and can
only make grants in the form of small
financial assistance to applicants in
genuine need and not to those who have
deliberately made themselves destitute,
or those who have not explored other
available sources like their entitlement to
state/social benefits or affordable
commercial loans. Consideration will be
given to individuals who are genuinely
experiencing financial hardship or sick
because they are poor or at risk of
becoming poor, due to ill-health, and
people who are unemployed and people
that do not have recourse to public
funds. Therefore, each application will be
Means-tested and assessed on their
individual merits.
Depending on availability of funds, Small
financial grant may also be given to
support other charitable organisations
undertaking similar object and activities,
or rural communities facing crisis or
natural disaster.
No trustee or connected person to a
trustee may use their position to
influence or obtain any qualifying the
criteria mentioned above. Such trustee or
their connected person MUST NOT be
involved in the decision making for their
grant application. Please see the Conflict-
of-interest Policy.
Policy on social investment
including program related
investment		 Para 1.38
Contribution made by
volunteers		 Para 1.38
Other

Achievements and Performance

SORP reference
Summary of the main
achievements of the charity,
identifying the difference the
charity’s work has made to
the circumstances of its
beneficiaries and any wider
benefits to society as a
whole.		 Para 1.20 Assisted and supported people towards
employment.
Supported homeless and less privileged
people by providing food and materials
for them.
Provided educational training, materials
and support for youngsters which helped
them gain placement into University
education.
Restored families through counselling
and marriage enrichment programmes.
Relieved poverty for some people
through provision of clothing, toiletries
for homeless people.
Organised monthly programme (The
gathering of the champions). Providing
prayers and encouragement.
Organised morning coffee at the town
centres during winter.
Organising evangelism at the town
centres to preach the gospel, counsel,
pray and give out bible and fliers to those
that are willing.

Additional information (optional) You may choose to include further statements where relevant about:
Achievements against
objectives set		 Para 1.41
Performance of fundraising
activities against objectives
set		 Para 1.41
Investment performance
against objectives		 Para 1.41

Other

Financial Review

Review of the charity’s
financial position at the end
of the period		 Para 1.21 TRUSTEES AND OTHER RELATED
PARTIES
No payments were made to any trustee or
any person connected with them. No
material transaction took place with a
trustee or any person connected with
them.
GRANTS
There were no Grants received during the
year.
GIFT AID
There were no Gift Aid received during
the year.
The following are extracts from Annual
Account for the year ending 31st March,
2023
TOTAL INCOMING RESOURCES 44,214
Total Resources expended on
Managing and Administering the
Charity 43,645
Net Income/(Outgoing) Resources 802
Statement explaining the
policy for holding reserves
stating why they are held		 Para 1.22
Amount of reserves held Para 1.22
Reasons for holding zero
reserves		 Para 1.22
Details of fund materially in
deficit		 Para 1.24
Explanation of any
uncertainties about the
charity continuing as a going
concern		 Para 1.23
Additional information (optional)
You may choose to include further statements		 Additional information (optional)
You may choose to include further statements		 where relevant about:
The charity’s principal
sources of funds (including
any fundraising)		 Para 1.47 The main sources of the charity’s income
are offering & tithes as well as donations
and gifts from supporters and members.
Investment policy and
objectives including any
social investment policy
adopted		 Para 1.46 In addition to any other powers they
have, the Trustees may exercise any of
the following powers in order to further
the objects (but not for any other
purpose):
(1)
To raise funds. In exercising this
power, the Trustees must not undertake
any substantial permanent trading
activity and must comply with any
relevant statutory regulations;
(2)
To buy, take on lease or in
exchange, hire or otherwise acquire
property and to maintain and equip it for
use;
(3)
To sell, lease or otherwise dispose
of all or any part of the property
belonging to the Charity. In exercising
this power, the Trustees must comply as
appropriate with section 36 and 37 of the
Charities Act 1993, as amended by the
Charities Act 2006;
(4)
To borrow money and to charge
the whole or any part of the property
belonging to the Charity as security for
repayment of the money borrowed. The
Trustees must comply as appropriate
with sections 38 and 39 of the Charities
Act 1993, as amended by the Charities
Act 2006, if they wish to mortgage land
owned by the Charity;
(5)
To co-operate with other charities,
voluntary bodies and statutory
authorities and to exchange information
and advice with them;
(6)
To establish or support any
charitable trusts, associations or
institutions formed for any of the
charitable purposes included in the
objects;
(7)
To acquire, merge with or enter
into any partnership or join venture
arrangement with any other Charity
formed for any of the objects;
(8)
To create such advisory
committees as the Trustees think fit;
(9)
To employ and remunerate such
staff as are necessary for carrying out the
work of the Charity;
(10)
To do any other lawful thing that is
necessary or desirable for the
achievement of the objects.
A description of the principal
risks facing the charity		 Para 1.46
Other

Structure, Governance and Management

Description of charity’s
trusts:
Type of governing document
(trust deed, royal charter)		 Para 1.25 Trust Deed
How is the charity
constituted?
(e.g unincorporated
association, CIO)		 Para 1.25 CIO
Trustee selection methods
including details of any
constitutional provisions e.g.
election to post or name of
any person or body entitled
to appoint one or more
trustees		 Para 1.25 Apart from the first trustee, every
trustee must be appointed for a term of
three years by a resolution of the
trustees passed at a special meeting
called under clause 15 of the deed.

Additional information (optional) You may choose to include further statements where relevant about:

Policies and procedures adopted for the induction and Para 1.51 training of trustees The charity’s organisational structure and any wider Para 1.51 network with which the charity works Relationship with any related Para 1.51 parties Other

Reference and Administrative details

Charity name CHRIST APOSTOLIC CHURCH DOMINION OUTREACH
Other name the charity uses
Registered charity number 1194558
Charity’s principal address Suites 5A Pennington Street, Walkden
Manchester.
M28 3FU

Names of the charity trustees who manage the charity

1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20		 Trustee name Office (if any) Dates acted if not for whole
**year **		 Name of person (or body) entitled
to appoint trustee (ifany)
Ezekiel Agboola
Oladele		 Chair Whole year Trustee Board
Mary Oluwafunke
Oluwasola		 Trustee Whole year Trustee Board
Bukola Olabisi
Aibinu		 Trustee Whole year Trustee Board

– Corporate trustees names of the directors at the date the report was approved Director name

Name of trustees holding title to property belonging to the charity

Trustee name Dates acted if not for whole year

Funds held as custodian trustees on behalf of others

Description of the assets held in this capacity

Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects

Details of arrangements for safe custody and segregation of such assets from the charity’s own assets

Additional information (optional)

Names and addresses of advisers (Optional information)

Type of Name Address adviser

Name of chief executive or names of senior staff members (Optional information)

Exemptions from disclosure

Reason for non-disclosure of key personnel details

Other optional information

Declarations

The trustees declare that they have approved the trustees’ report above.

Signed on behalf of the charity’s trustees

Signature(s)
Full name(s)
Position (eg Secretary,
Chair, etc)
Date
Pastor Ezekiel Agboola Oladele Mrs. Mary Oluwafunke Oluwasola

Chair		 Trustee
27/12/2023
27/12/2023

CHRIST APOSTOLIC CHURCH DOMINION OUTREACH

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH, 2023

CHRIST APOSTOLIC CHURCH DOMINION OUTREACH

Contents Page
Legal and administrative information 3
Report of the Trustees 4
Report of the independent examiner 6
Statement of financial activities 7
Balance sheet 8
Notes forming part of the financial statements 9 & 10

2

CHRIST APOSTOLIC CHURCH DOMINION OUTREACH CHARITY NUMBER : 1194558

Legal & Administrative Information

WORKING NAME: CHRIST APOSTOLIC CHURCH DOMINION OUTREACH FINANCIAL YEAR :1st April, 2022 - 31st March, 2023 DIRECTORS/MANAGEMENT COMMITTEE AT 31/03/2023 Pastor Ezekiel Agboola Oladele :Chair Mrs Mary Oluwafunke Oluwasola :Trustee Mrs Bukola Olabisi Aibinu :Tustee Address: Suites 5A Pennington Street Walkden Manchester M28 3FU Independent Examiner Charterbrook Accountants EasyHub Croydon Suite 3.12 22 Addiscombe Road Croydon CR0 5PE Bankers Barclays Bank UK Plc 1 Churchill Place London E14 5HP

3

CHRIST APOSTOLIC CHURCH DOMINION OUTREACH

Report of the Trustees for the year ended 31st March, 2023

The Trustees present their report along with the financial statements of the charity for the year ended 31 March, 2023. The financial statements have been prepared in accordance with the accounting policies set out on pages 9 to 10 and comply with the charity's trust deed and applicable law.

OBJECTS

  1. The advancement of the Christian religion and education

  2. Welfare Support to bereaved families

  3. The provision of education & support for young people whose parents

  4. suffer from mental illness.

  5. Evangelism (Radio Ministry)

  6. Mission Meal Outreach for the homeless.

  7. Workshops and Seminars for Church Leaders.

Legal Status, Governance & Management

Board meetings are bi-monthly and ensure the purpose of the organisation is implemented through effective planning resulting in the annual work plan, associated resources to deliver core and projects, and support to our Volunteers who are the backbone to our service delivery.

Funding

Delivery of our work programme and related costs are archieved through a mixture of offering and tithes, as well as donations from members

Public Benefit

The Board have due regard to the guidance on public benefit in planning, resourcing and delivering its activities.

Risk Management

The Board ensures there is a risk management policy which reflects the range of risk to which the organisation may be exposed and associated mitigating systems are in place.

4

CHRIST APOSTOLIC CHURCH DOMINION OUTREACH

Report of the Independent Examiner

We have examined the financial statements on pages 7 to 8 which have been prepared under the accounting policies set out on page 9.

Respective responsibilities of trustees and examiner

As the charity's trustees you are responsible for the preparation of the accounts; you consider that the audit requirement of section of the Charities Act 2006 does not apply. It is our responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners Act, whether particular matters have come to my attention.

Basis of opinion

Our examination was carried out in accordance with the General Directions given by the Charity Commissioners. 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 we do not express an audit opinion on the view given by the accounts.

Opinion

In connection with our examination, no matter has come to our attention:

has not been met; or

Charterbrook Accountants Date: 25-Dec-23 EasyHub Croydon Suite 3.12

22 Addiscombe Road Croydon CR0 5PE

6

CHRIST APOSTOLIC CHURCH DOMINION OUTREACH

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31ST MARCH, 2023

FOR THE YEAR ENDED 31ST MARCH, 2023
Notes
Incoming resources:
Grant
Other Income
Tithes & Offering
Gift Aid
Donations
Less:
Resources Expended
Evangelism & Honorarium
Rent
Salaries
Insurance
Welfare Support & Mission Meal
Printing & Publicity
Travelling Expenses
Missionary Work
Volunteer Expenses
Telephone & Internet
Independent Examiners fee
Conferences/Seminars
Equipment & Materials
Postage & Stationery
Subscription, Training & educational Support
Depreciation
1(f) & 3
TOTAL EXPENSES
Net Incoming/(Outgoing)
Balances b/f
Balances c/f		 Restricted
Unrestricted
TOTAL
TOTAL
Funds
Funds
2023
2022
£
£
£
£
-
-
-
-
-
13,105.00
13,105.00
14,977.00
-
20,736.00
20,736.00
23,694.00
-
-
-
-
10,373.00
10,373.00
11,847.00
-
44,214.00
44,214.00
50,518.00
2,108.00
2,108.00
1,282.00
2,665.00
2,665.00
2,665.00
11,025.00
11,025.00
13,424.00
-
160.00
160.00
183.00
-
7,988.00
7,988.00
11,547.00
-
2,776.00
2,776.00
945.00
-
1,541.00
1,541.00
1,869.00
5,753.00
5,753.00
8,860.00
-
987.00
987.00
1,190.00
-
183.00
183.00
144.00
-
575.00
575.00
575.00
-
3,909.00
3,909.00
3,658.00
-
2,716.00
2,716.00
2,778.00
-
306.00
306.00
161.00
-
953.00
953.00
1,004.00
-
-
-
-
-
43,645.00
43,645.00
50,285.00
-
569.00
569.00
233.00
-
233.00
233.00
-
-
802.00
802.00
233.00

7

CHRIST APOSTOLIC CHURCH DOMINION OUTREACH

BALANCE SHEET AS AT 31ST MARCH, 2023

Notes
Fixed assets
Tangible assets
1(f)& 3
Current assets
Debtors & Prepayment
2
Cash at Bank and in hand
Creditors: amount falling due
within one year
4
Net current assets / Current liabilties
Total assets less current liabilites
Represented By:
Restricted Funds
Unrestricted Funds
1B
Designated Funds
Total Charity Funds		 2023
2022
£
£
£
£
-
-
-
-
1,377.00
808.00
1,377.00
808.00
(575.00)
(575.00)
802.00
233.00
802.00
233.00
-
-
802.00
233.00
802.00
233.00		 2023
2022
£
£
£
£
-
-
-
-
1,377.00
808.00
1,377.00
808.00
(575.00)
(575.00)
802.00
233.00
802.00
233.00
-
-
802.00
233.00
802.00
233.00
233.00
-
233.00
233.00

We certify that the annexed accounts are in accaordance with the records, information and explanations supplied by us Trustee

and have our approval.

Signed by Order of the Board

Pastor Ezekiel Agboola Oladele

Date: 25-Dec-23

8

CHRIST APOSTOLIC CHURCH DOMINION OUTREACH

Notes forming part of the financial statements for the year ended 31st March, 2023

1. Accounting policies

(a) Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective March 2000). In preparing the financial statements the charity follows best practice as laid down in the Statement of Recommended Practice "Accounting and Reporting by Charities" (SORP 2005) effective October 2000.

(b) Fund Accounting

Unrestricted funds are 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 purpose. Restricted funds are funds which have been given for particular purposes and projects.

( c ) Incoming resources

All incoming resources are included in the financial statements when the Charity is legally entitled to the income and the income can be quantified with reasonable accuracy. Pledges are only recognised when the amount is certain.

(d) Resources expended

Expenditure is accounted for on accrual basis and classified under the heading appropriate to the nature of the expenditure.

(f) Tangible fixed assets and depreciation

Tangible fixed assets are depreciated on a straight-line basis over their estimated useful lives as follows:

Equipments 25%
Furniture, Fixtures & Fittings 25%
Motor Vehicle 25%

2. Current Assets

Debtors and Prepayments
Cash at Bank and in hand		 2023
2022
£
£
-
-
1,377.00
233.00
1,377.00
233.00

9

CHRIST APOSTOLIC CHURCH DOMINION OUTREACH

Notes forming part of the financial statements (cont'd) for the year ended 31st March, 2023

3. Tangible fixed assets

Cost
At 01 April, 2022
Additions
Disposals
At 31st March, 2023
Depreciation
At 01 April, 2022
Charge for the year
On disposals
At 31st March, 2023
Net book value
At 31st March, 2023
At 31st March, 2022		 Furniture &
Motor
Total
Equipments
Fittings
Vehicle
£
£
£
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
0
0
0
0
0
0
0
0

None of these assets were acquired under the terms of hire purchase.

4. CREDITORS: Amount falling due within one year

2023 2022
Cost of Charitable Activities
Independent Examiners fee 575 575
Other Creditors 0 0
575 575

10

CHRIST APOSTOLIC CHURCH DOMINION OUTREACH

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MARCH, 2023

CHRIST APOSTOLIC CHURCH DOMINION OUTREACH

Contents Page
Legal and administrative information 3
Report of the Trustees 4
Report of the independent examiner 6
Statement of financial activities 7
Balance sheet 8
Notes forming part of the financial statements 9 & 10

2

CHRIST APOSTOLIC CHURCH DOMINION OUTREACH CHARITY NUMBER : 1194558

Legal & Administrative Information

WORKING NAME: CHRIST APOSTOLIC CHURCH DOMINION OUTREACH FINANCIAL YEAR :1st April, 2022 - 31st March, 2023 DIRECTORS/MANAGEMENT COMMITTEE AT 31/03/2023 Pastor Ezekiel Agboola Oladele :Chair Mrs Mary Oluwafunke Oluwasola :Trustee Mrs Bukola Olabisi Aibinu :Tustee Address: Suites 5A Pennington Street Walkden Manchester M28 3FU Independent Examiner Charterbrook Accountants EasyHub Croydon Suite 3.12 22 Addiscombe Road Croydon CR0 5PE Bankers Barclays Bank UK Plc 1 Churchill Place London E14 5HP

3

CHRIST APOSTOLIC CHURCH DOMINION OUTREACH

Report of the Trustees for the year ended 31st March, 2023

The Trustees present their report along with the financial statements of the charity for the year ended 31 March, 2023. The financial statements have been prepared in accordance with the accounting policies set out on pages 9 to 10 and comply with the charity's trust deed and applicable law.

OBJECTS

  1. The advancement of the Christian religion and education

  2. Welfare Support to bereaved families

  3. The provision of education & support for young people whose parents

  4. suffer from mental illness.

  5. Evangelism (Radio Ministry)

  6. Mission Meal Outreach for the homeless.

  7. Workshops and Seminars for Church Leaders.

Legal Status, Governance & Management

Board meetings are bi-monthly and ensure the purpose of the organisation is implemented through effective planning resulting in the annual work plan, associated resources to deliver core and projects, and support to our Volunteers who are the backbone to our service delivery.

Funding

Delivery of our work programme and related costs are archieved through a mixture of offering and tithes, as well as donations from members

Public Benefit

The Board have due regard to the guidance on public benefit in planning, resourcing and delivering its activities.

Risk Management

The Board ensures there is a risk management policy which reflects the range of risk to which the organisation may be exposed and associated mitigating systems are in place.

4

CHRIST APOSTOLIC CHURCH DOMINION OUTREACH

Report of the Independent Examiner

We have examined the financial statements on pages 7 to 8 which have been prepared under the accounting policies set out on page 9.

Respective responsibilities of trustees and examiner

As the charity's trustees you are responsible for the preparation of the accounts; you consider that the audit requirement of section of the Charities Act 2006 does not apply. It is our responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners Act, whether particular matters have come to my attention.

Basis of opinion

Our examination was carried out in accordance with the General Directions given by the Charity Commissioners. 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 we do not express an audit opinion on the view given by the accounts.

Opinion

In connection with our examination, no matter has come to our attention:

has not been met; or

Charterbrook Accountants Date: 25-Dec-23 EasyHub Croydon Suite 3.12

22 Addiscombe Road Croydon CR0 5PE

6

CHRIST APOSTOLIC CHURCH DOMINION OUTREACH

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31ST MARCH, 2023

FOR THE YEAR ENDED 31ST MARCH, 2023
Notes
Incoming resources:
Grant
Other Income
Tithes & Offering
Gift Aid
Donations
Less:
Resources Expended
Evangelism & Honorarium
Rent
Salaries
Insurance
Welfare Support & Mission Meal
Printing & Publicity
Travelling Expenses
Missionary Work
Volunteer Expenses
Telephone & Internet
Independent Examiners fee
Conferences/Seminars
Equipment & Materials
Postage & Stationery
Subscription, Training & educational Support
Depreciation
1(f) & 3
TOTAL EXPENSES
Net Incoming/(Outgoing)
Balances b/f
Balances c/f		 Restricted
Unrestricted
TOTAL
TOTAL
Funds
Funds
2023
2022
£
£
£
£
-
-
-
-
-
13,105.00
13,105.00
14,977.00
-
20,736.00
20,736.00
23,694.00
-
-
-
-
10,373.00
10,373.00
11,847.00
-
44,214.00
44,214.00
50,518.00
2,108.00
2,108.00
1,282.00
2,665.00
2,665.00
2,665.00
11,025.00
11,025.00
13,424.00
-
160.00
160.00
183.00
-
7,988.00
7,988.00
11,547.00
-
2,776.00
2,776.00
945.00
-
1,541.00
1,541.00
1,869.00
5,753.00
5,753.00
8,860.00
-
987.00
987.00
1,190.00
-
183.00
183.00
144.00
-
575.00
575.00
575.00
-
3,909.00
3,909.00
3,658.00
-
2,716.00
2,716.00
2,778.00
-
306.00
306.00
161.00
-
953.00
953.00
1,004.00
-
-
-
-
-
43,645.00
43,645.00
50,285.00
-
569.00
569.00
233.00
-
233.00
233.00
-
-
802.00
802.00
233.00

7

CHRIST APOSTOLIC CHURCH DOMINION OUTREACH

BALANCE SHEET AS AT 31ST MARCH, 2023

Notes
Fixed assets
Tangible assets
1(f)& 3
Current assets
Debtors & Prepayment
2
Cash at Bank and in hand
Creditors: amount falling due
within one year
4
Net current assets / Current liabilties
Total assets less current liabilites
Represented By:
Restricted Funds
Unrestricted Funds
1B
Designated Funds
Total Charity Funds		 2023
2022
£
£
£
£
-
-
-
-
1,377.00
808.00
1,377.00
808.00
(575.00)
(575.00)
802.00
233.00
802.00
233.00
-
-
802.00
233.00
802.00
233.00		 2023
2022
£
£
£
£
-
-
-
-
1,377.00
808.00
1,377.00
808.00
(575.00)
(575.00)
802.00
233.00
802.00
233.00
-
-
802.00
233.00
802.00
233.00
233.00
-
233.00
233.00

We certify that the annexed accounts are in accaordance with the records, information and explanations supplied by us Trustee

and have our approval.

Signed by Order of the Board

Pastor Ezekiel Agboola Oladele

Date: 25-Dec-23

8

CHRIST APOSTOLIC CHURCH DOMINION OUTREACH

Notes forming part of the financial statements for the year ended 31st March, 2023

1. Accounting policies

(a) Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective March 2000). In preparing the financial statements the charity follows best practice as laid down in the Statement of Recommended Practice "Accounting and Reporting by Charities" (SORP 2005) effective October 2000.

(b) Fund Accounting

Unrestricted funds are 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 purpose. Restricted funds are funds which have been given for particular purposes and projects.

( c ) Incoming resources

All incoming resources are included in the financial statements when the Charity is legally entitled to the income and the income can be quantified with reasonable accuracy. Pledges are only recognised when the amount is certain.

(d) Resources expended

Expenditure is accounted for on accrual basis and classified under the heading appropriate to the nature of the expenditure.

(f) Tangible fixed assets and depreciation

Tangible fixed assets are depreciated on a straight-line basis over their estimated useful lives as follows:

Equipments 25%
Furniture, Fixtures & Fittings 25%
Motor Vehicle 25%

2. Current Assets

Debtors and Prepayments
Cash at Bank and in hand		 2023
2022
£
£
-
-
1,377.00
233.00
1,377.00
233.00

9

CHRIST APOSTOLIC CHURCH DOMINION OUTREACH

Notes forming part of the financial statements (cont'd) for the year ended 31st March, 2023

3. Tangible fixed assets

Cost
At 01 April, 2022
Additions
Disposals
At 31st March, 2023
Depreciation
At 01 April, 2022
Charge for the year
On disposals
At 31st March, 2023
Net book value
At 31st March, 2023
At 31st March, 2022		 Furniture &
Motor
Total
Equipments
Fittings
Vehicle
£
£
£
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
0
0
0
0
0
0
0
0

None of these assets were acquired under the terms of hire purchase.

4. CREDITORS: Amount falling due within one year

2023 2022
Cost of Charitable Activities
Independent Examiners fee 575 575
Other Creditors 0 0
575 575

10