Registered Charity Number :- 1198789
CHRIST APOSTOLIC CHURCH - OUTREACH COVENTRY FINANCIAL STATEMENTS
FOR THE YEAR END 31 March 2024
CHRIST APOSTOLIC CHURCH - OUTREACH COVENTRY 115 Deedmore Road Coventry England 07404152394 lollyoluwa@gmail com
CHRIST APOSTOLIC CHURCH - OUTREACH COVENTRY
CONTENTS
FOR THE YEAR ENDED 31 March 2024
STATEMENT OF FINANCIAL ACTIVITIES ............................................................................................................ 3 BALANCE SHEET ...................................................................................................................................................... 4 NOTES TO THE FINANCIAL STATEMENTS .......................................................................................................... 6
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CHRIST APOSTOLIC CHURCH - OUTREACH COVENTRY
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 March 2024
| Recommended categories by activity Notes Income and endowments from: Donations and legacies 2 Other 3 Total Expenditure on: Raising funds 4 Charitable activities 5 Other 7 Total Net income/(expenditure) Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds £ Restricted income funds £ Total Funds 2024 £ Total Funds 2023 £ 25,496.55 - 25,496.55 47,053.37 - 7,379.63 7,379.63 - |
|---|---|
| 25,496.55 7,379.63 32,876.18 47,053.37 |
|
| 11,105.00 - 11,105.00 17,685.61 8,639.95 - 8,639.95 19,560.48 7,484.44 - 7,484.44 300.00 |
|
| 27,229.39 - 27,229.39 37,546.09 |
|
| (1,732.84) 7,379.63 5,646.79 9,507.28 |
|
| (1,732.84) 7,379.63 5,646.79 9,507.28 9,507.28 - 9,507.28 - |
|
| 7,774.44 7,379.63 15,154.07 9,507.28 |
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CHRIST APOSTOLIC CHURCH - OUTREACH COVENTRY
BALANCE SHEET
FOR THE YEAR ENDED 31 March 2024
| Recommended categories by activity Notes Fixed assets Tangible assets 8 Total fixed assets Current assets Cash at bank and in hand 9 Total current assets Total assets less current liabilities Provisions for liabilities Total net assets or liabilities Funds of the Charity Unrestricted funds 10 Restricted income funds 10 Endowment funds 10 Total funds |
Unrestricted funds £ Restricted income funds £ Total Funds 2024 £ Total Funds 2023 £ 5,316.75 - 5,316.75 - |
|---|---|
| 5,316.75 - 5,316.75 - |
|
| - - - 9,507.28 - - - 9,507.28 |
|
| 5,316.75 - 5,316.75 9,507.28 |
|
| (6,745.85) - (6,745.85) - |
|
| 12,062.60 - 12,062.60 9,507.28 |
|
| 7,774.44 7,774.44 9,507.28 7,379.63 7,379.63 - - - |
|
| 7,774.44 7,379.63 15,154.07 9,507.28 |
The financial statements were approved by the Board on 14-Feb-2025 and signed on its behalf by:
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CHRIST APOSTOLIC CHURCH - OUTREACH COVENTRY
BALANCE SHEET
FOR THE YEAR ENDED 31 March 2024
Omolola Oluwa Trustee Chairperson
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CHRIST APOSTOLIC CHURCH - OUTREACH COVENTRY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2024
1 Accounting Policies
1.1 Accounting Policies
The principal accounting policies adopted by the Charity, which is a public benefit entity, in the preparation of the accounts are as follows.
1.2 Basis of preparation
These accounts have been prepared under the historical cost convention, as modified by the inclusion of charitable properties and fixed asset investments and investment properties at valuation.
These accounts have been prepared in accordance with “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
These accounts are presented in pounds sterling and rounded to the nearest pound.
1.3 Going concern
The Trustees have prepared financial projections, taking into consideration the current economic conditions and have, at the time of approving these accounts, a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the accounts.
1.4 Change of accounting policy
These accounts have been prepared to give a ‘true and fair’ view
1.5 Material prior year errors
No data, however, if client enters any data it should be appeared in the report
1.6 Income from charitable activities
Income from charitable activities is recognised over the period to which the income relates. Concert fees are recognised at the date of the event. Membership fees are recognised over the period of the membership. Rent is recognised over the period to which it relates. Any amounts relating to future periods are deferred.
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NOTES TO THE FINANCIAL STATEMENTS
CHRIST APOSTOLIC CHURCH - OUTREACH COVENTRY
FOR THE YEAR ENDED 31 March 2024
2 Income from Donations and Legacies
| Analysis Donation and gifts Other |
Unrestricted funds £ 23,695.27 1,801.28 25,496.55 |
Total funds 2024 £ 23,695.27 1,801.28 25,496.55 |
Total funds 2023 £ 22,939.66 24,113.71 |
|---|---|---|---|
47,053.37 |
3 Other Income
| Analysis Other |
Restricted income funds £ 7,379.63 7,379.63 |
Total funds 2024 £ 7,379.63 7,379.63 |
Total funds 2023 £ - |
|---|---|---|---|
- |
4 Expenditure on Raising Funds
| Analysis Total funds 2024 £ Advertising, marketing, direct mail and publicity 2,745.00 Rent collection, property repairs and maintenance charges 8,360.00 11,105.00 |
Total funds 2023 £ 2,043.04 15,642.57 |
|---|---|
| 17,685.61 |
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CHRIST APOSTOLIC CHURCH - OUTREACH COVENTRY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2024
5 Expenditure on Charitable Activities
| Analysis Charity management & administration Charity running cost Cost of services Support Costs |
Total funds 2024 £ 5,587.80 2,357.15 - 695.00 8,639.95 |
Total funds 2023 £ 6,356.00 4,765.27 7,744.21 695.00 |
|---|---|---|
| 19,560.48 |
6 Support Costs
| Analysis Governance Costs Accountants fees |
Total funds 2024 £ 695.00 695.00 |
Total funds 2023 £ 695.00 |
|---|---|---|
| 695.00 |
7 Other Expenditure
| Analysis Depreciation Charge for the Year - Computer Equipment Donations Other Expenditure |
Unrestricted funds £ 938.25 5,751.60 794.59 7,484.44 |
Total funds 2024 £ 938.25 5,751.60 794.59 7,484.44 |
Total funds 2023 £ - - 300.00 |
|---|---|---|---|
300.00 |
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CHRIST APOSTOLIC CHURCH - OUTREACH COVENTRY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2024
8 Tangible Fixed Assets
8.1 Cost or valuation
Computer Equipment
| At 01 April 2023 Additions Disposals Revaluations Transfers At 31 March 2024 |
£ 6,255.00 - - - - |
|---|---|
| 6,255.00 |
8.2 Amortisation and impairments
| At 01 April 2023 Additions Disposals Revaluations Transfers At 31 March 2024 |
Computer Equipment £ - 938.25 - - - |
|---|---|
| 938.25 |
8.3 Net book value
Computer Equipment £ At 01 April 6,255.00 2023 At 31 March 5,316.75 2024
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CHRIST APOSTOLIC CHURCH - OUTREACH COVENTRY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2024
9 Cash at bank and in hand
| Cash at bank and on hand |
Total funds 2024 £ - - |
Total funds 2023 £ 9,507.28 |
|---|---|---|
| 9,507.28 |
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CHRIST APOSTOLIC CHURCH - OUTREACH COVENTRY
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 March 2024
10 Charity funds
10.1 Details of material funds held and movements during the CURRENT reporting period
| Fund names | Fund balances brought forward |
Income |
Expenditure | Transfers | Gains and losses |
Fund balances carried forward |
|||
|---|---|---|---|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | £ | ||||
| Unrestricted funds | |||||||||
| 9,507.28 | 25,496.55 | (27,229.39) | - |
- | 7,774.44 | ||||
| Restricted income funds | |||||||||
| - | 7,379.63 |
- | - |
- | 7,379.63 | ||||
| Total | 9,507.28 | 32,876.18 | (27,229.39) | - |
- | 15,154.07 | |||
| 10.2 | Details of material | funds held and movements during the | PREVIOUS reporting period | ||||||
| Fund names | Fund balances brought forward |
Income | Expenditure | Transfers | Gains and losses |
Fund balances carried forward |
|||
| £ | £ | £ | £ | £ | £ | ||||
| Unrestricted funds | |||||||||
| - 47,053.37 |
(37,546.09) | - | - | 9,507.28 | |||||
| Total | - 47,053.37 |
(37,546.09) | - | - | 9,507.28 |
10.3 Transfers between funds This Year
| Amount | ||
|---|---|---|
| £ | ||
| Between unrestricted and restricted funds | - | |
| Between endowment and restricted funds | - | |
| Between endowment and unrestricted funds | - | |
| Last Year | ||
| Amount | ||
| £ | ||
| Between unrestricted and restricted funds | - | |
| Between endowment and restricted funds | - | |
| Between endowment and unrestricted funds | - |
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CHRIST APOSTOLIC CHURCH - OUTREACH COVENTRY NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 March 2024 12