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•t*8orte$
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$3.37
Resoll￿es expeDded
Expendlture on:
Raising hnds
17.685.61
17,685.61
Charitable activities
19.560.48
19,560.48
Other
3CQ.00
300.
Total
37.546.09
37,546.09
et Incomel(eIpendlture)
before IDiestment
8aln51{los$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•t*8orte$
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 apprOvi￿g 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 forn￿1 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 fi￿dS must be used ill future
time peri(x4s, then the income is deferred.
1.5 Income fiJ)m chaiitable artiiities
ItLcome from charitable aCtI￿1t1eS 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 run￿e 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 c￿￿0t 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 all￿ation 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
bAl*nces
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