Registered Charity Number :_ 1198789 CHRIST APOSTOLIC CHURCH - OUTREACH COVENTRY FINANCIAL STATEMENTS FOR THE YEAR END 31 March 2023 115 Deedmore Road Coventry EDgl4Dd 07404152394
ltyol•Tvi@gmalLcorn
FOR THE YEIR ENDED 31 March 2013 *ew STATEMEwf OF FINANCIAL ACTIvrrtES...................................................................................................... BALANCE SHEET................................................................................................................................................ NOTES TO THE FINANCIAL STATEMENrs....................................................................................................
FOR THE YEIR ENDED 31 March 2013 ew RecommeDded e•t8orte$ L'Drestrlcted fllnds l%otes Total Funds 2023 TotAI Funds 2022 Ineomln8 $011r¢3 Ineome and endowmtnts DonatiODS and legacies 47.053.37 47.053.37 Totxl 47.053J7 47.0$3.37 Resolles expeDded Expendlture on: Raising hnds 17.685.61 17,685.61 Charitable activities 19.560.48 19,560.48 Other 3CQ.00 300. Total 37.546.09 37,546.09 et Incomel(eIpendlture) before IDiestment 8aln51{los$e$) 9,507.28 9,507.28 Net itieomel(expenditure) 9507.28 9,7.28 Net movement ill fuDds 9507.28 9,507.28 RecoKkciliatioll of funds-. Total fullds brought forward Total funds carried IorH"rd 9507.28 9.507.28
FOR THE YEIR ENDED 31 March 2013 ew RecommeDded e•t8orte$ L'Drestrlcted fllnds l%otes Total Funds 2023 TotAI Funds 2022 Currelli asseis Cash at ballk and ill haj 9.507.28 9,507.28 Total eurrent a$set$ 9J07.28 9.507.28 Total net *s$tts or Ilabllltles 9J07.28 9.507.28 Fullds oftbe Cbarlty Ullrestricted funds 9.507.28 9,507.28 Restricted income fimds Endowment fund5 Total funds 9.507.28 9,507.28 The fjnancial statements were approved by the Board on I l-Jul-2024 and signed on its behalf by.. Omolola Oluii'a Trustee
FOR THE YEIR ENDED 31 March 2013 *ew l Accounting Policies 1.1 AccoiiDtlng Polldes The prillcipal accounting policies adopted by the Clwiry. which is a public benefii eniiry, ill the preparation of the accounts are as follows. 1.2 Basls of pi'epai'alloD These accounis have been prepared ullder the hisioricaL cost conveni10 as modified by the inclusion of charitable properties and fixed asset iDN'estmei)ts aiid llivestmeDt properties at valualion. These accounts have been prepared in accordance with "Accounting and Reporting by Charities: Statement of Recommended Practice appllcable io charities preparing their accoiinis in accordance iiith the Finaiicial Reporting Standard applicable in ihe UK and Republic of Irelalld IFRS 1021" leffeciive l January 20191- ICharitie5 SORF IFRS 10211. the Financial Reporting Standard applicable in the UK al Republic of Ireland IFRS 10?) and the Cbariues Act 2011. These accounts are presented in pounds sterling and rounded to the nearest pound. 1.3 GolDg roncern The Trnstees have prepared fmancial projectious. takiug into collsiderntion the current economic Conditions alld have. at the time of apprOvig these accoullts. a reasollable expectatloll that the clwity ha5 adequate resour¢es to continue in operntional existence for the foreseeable fuwre. Tbus they contiiiue to adopt the going Collcerll basis of accoulltillg in preparing the aCCOUllts. 1.4 Iucome donatlolls oi. giillts llleome from, regular ebiirch members qiN'Ang , collections at services and donations. Grants could be recogllized ivhell the charity is entitled to the hnds. the receipt is probable aud the amouiil call be measured reliably. For donations, this is usually on ieceipt. For grants. this is usually when a forn1 grnllt is made in writing. If a douatiou or grant contains terll and conditiotts outside of the charity's control ivhich must be et before the charity is entitled to the fullds. oi if the donoi speckfies that the fidS must be used ill future time peri(x4s, then the income is deferred. 1.5 Income fiJ)m chaiitable artiiities ItLcome from charitable aCtI1t1eS is recogtkised over the period to which the income telates. Collcert fees are recognised at the date of the event. Membership fee5 are recognised over the period of the membership. Rellt is recogllised over tbe period to ii.bicb it relate5. Ally atllouots relatillg to rune periods are deferred.
FOR THE YEIR ENDED 31 March 2013 *ew 1.6 EIpenditDi'e Expenditure is recognised when a present legal or constnlctive obligation exists at the balaDce sheet date as a result of a past event, it is probable thar a transfer of econojnic benefiis will be required to settle the obli8atioll, and the amount call be estimated reliably. It is inclusive of VAT which c0t be recovered. Direct costs are those cosrs which directly anribuie io irs activtties. Wages and salaries are aLlocated io direct costs based on an estimate of time spent on clwitable activities by staff members. Support costs include staff cosis and are tbose 1¢ do noi pn)duce a direct output. Staff cosis relate to specifi¢ activities and this is reflected in the allation of payroll costs based on the perceutage of time speni. ALI costs. including govemance cosis. are allocaied bet¥veen the expenditure categories of the chariry on basis designed io reflect the Use of the resource. Costs reiatiag to a particular activiry are charged direcily; others are apportAoned on an appropriate basis. Support costs and overheads have been eakulated by allocatADg stsff time to the level of involvement in the various aclivlues of the Charlry. 2 Income from Donations aDd Legacies InresiTlcted rllnd8 Rtstrlcted Incomt runds Endov•meDt funds Total fwids 2023 Total fullds 2022 ADa1Tr513 Donation and gifis 22.939.66 22.939.66 Other 24,113.71 24,113.71 47.053.37 47.053.37 3 Expenditure on Raising Funds Total funds 2023 Total hnds 2022 ADah"sis
FOR THE YEIR ENDED 31 March 2013 *ew Advertising, marketing. direct mail and pubii¢ily Rent colle¢iio property repairs and maintenan¢e ¢ 2.043.04 15.64?.57 17.685.61 4 Expenditure on Chaiitable Activities Total fullds 2023 TolAI fuDdJ 2022 ADalTrsls Charity maiiagement & administartio 6.356.00 Chariry running cost Cost of setvices 4.765.27 7.744.21 Support Costs 695.00 19.$60.48 S Support Costs Total fvnds 2023 Totat funds 2022 AnalJ3ls Goi"ernance Costs Accountants fees 695.00 695.00 6 Other Expenditui I'nrestricted Restricted income funds EndoTrvment runds Total funds 2023 Total fuud5 2022
FOR THE YEIR ENDED 31 March 2013 ew Other Expendilure 300.C 3(K).(Kl 300.IX) 300.(KI 7 Cash at bank alld in hand Total funds 2023 Total funds 2022 Cash at bank and on hand 9.507.28 9.507.?8 8 Charity funds 8.1 DetAlls of mAteilal funds held moi'emeDts duilng the CURRENT iYpoitlDg peilod Fund balances brougbi forn'ard Fund bAlnces carrled forn'¥drd Gxlns and losses Fund Dame$ Expendlture Transfers Ullrestrlcted funds 47.053.37 137.546.09) 9.507.28 Totxl 47.053.37 137.-$46.091 9.-f 07.18 8.2 Transfers between funds This Year Between uxlrestricted and restricted hDd5 Between endowment and restricted funds Between endowment and unrestricted funds