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2022-12-31-accounts

Trustees Annual Report Year Ending 31 Dec 2022

Charity Registered Address: 217 – 223, Kingsland Road, London, E2 8AN Charity Registration Number: 274154

Contents:

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Page 3 - 4
Overview:
The Trustees’ Board Report
Page 5 - 6
Our activities (Operations):
•
Community Progress Projects Report
Finance Reviews: Page 7 - 8
• Financial Review
•
Independent Examiner’s Report
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Finance:
• Payments & Receipts Accounts Page 10 - 13
(Form CC16a)
General:
Page 14
•
Supporters & Funders of our works
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Trustees Annual Report (TAR) and Unaudited Accounts

For the Year Ended 31 December 2022 CHRIST APOSTOLIC CHURCH (Bethel) UK

The Trustees present their report for the year ended 31 December 2021

Charity Registration No. 274154

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity’s trust deeds, Charities Act 1993 and the Statement of Recommended Practice, “Accounting and Reporting by Charities” issued in March 2005.

Structure, governance and management

The charity was set up by a charitable trust deed dated 13 July 1977. The Trustees who served during this year (2020) were:

Trustees are familiar with the workings of the church having been drawn from long standing Church members that have the skill set to offer an empathy with the charity’s core values. New trustees are invited and encouraged to attend training courses by the Chair and also to read guidelines and publications issued by the charity Commission eg “the Essential Trustee” , copies of which are given to the new trustees

Related Party Relationships

Transactions with related parties are disclosed in the notes to the accounts.

Risk Management

The trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks.

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Objectives and activities

The object of the charity is the advancement of the Christian religion in accordance with the tenets and practice of the Christ Apostolic Church (Bethel) UK. Various policies were adopted during the year in furtherance of this object.

Statement of Trustees Responsibilities

The Trustees are responsible for preparing the Trustees report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to England and Wales requires the Trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year.

In preparing these accounts the Trustees are required to:

Summation

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the accounts comply with the Charities Act 1993, the Charity (Accounts and Reports) Regulations and the provisions of the trust deed.

They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Kunle Aderugbo

Church Secretary For and on Behalf of the Board of Trustees 17 October 2023

4

Since coming out of the COVID – 19 pandemic period, this year (2022) has really been a consolidation period of our existing projects and bedding them in.

Existing projects:

Project name: Breakfast and Befriending Club

Project Name: “Harvesters”- Bags of Hope project

Project Name: Hope 4 All

Project Name: Go Getters

Future Projects & Next year (2022) report

5

Kunle Aderugbo

Head of Community Projects (Operations) 17 October 2023

6

Christ Apostolic Church (Bethel) UK To the Trustees of Christ Apostolic Church (Bethel) UK

Financial Review

I report on the state of the finances of the charity for the year ended 31 December 2022, which are set out in the below.

It has been a really challenging year for the charity with income from our members been squeezed due to the pandemic period (the previous year), but we have been able to maintain our reasonable spending position.

The total incoming resources for the year amounted to £149,180K and the total resources expended amounted to £130,890K leaving a net surplus for the year of +£18,290K.

The balance of funds as at 31 December 2022 was +£18,290K

It is the policy of the Charity that unrestricted funds which have not been designated for specific use should be maintained at a level equivalent to between three- and six-month’s worth of expenditure.

The Trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities whilst consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

David Folorunso

Head of Finance 17 October 2023

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Christ Apostolic Church (Bethel) UK To the Trustees of Christ Apostolic Church (Bethel) UK

I report on the accounts of the charity for the year ended 31 December 2021, which are set out in the attachment.

Respective responsibilities of the Trustees and Examiner

The Charity's Trustees are responsible for the preparation of the accounts. The charity's Trustees consider that an audit is not required for this year under section 43(2) of the Charities Act 1993 (the 1993 Act) and that an independent examination is what is needed.

Basis of Independent Examiner's Report

My examination was carried out in accordance with the general directions given by the Charity Commission.

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 no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiner's statement

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

(a) which gives me reasonable cause to believe that in any material respect the requirements:

(i) to keep accounting records in accordance with section 41 of the 1993 Act; and (ii) to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 1993 Act; have not been met; or

(b) to which, in my opinion, attention should be drawn to enable a proper understanding of the accounts to be reached.

Deborah Anfo-Whyte

Independent Examiner (Bsc Finance & Accounting)

46 Mayfield Close, Forest Road, London, E8 3DB

17 October 2023

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Christ Apostolic Church (Bethel) UK

274154

Recei ts and Pa ments Accounts p y

01/01/2022 For the period from

31/12/2022

To

CC16a

Section A Receipts and payments

Unrestricted Restricted Endowment Total funds Last year funds funds funds to the nearest £ to the nearest £ to the nearest £ to the nearest £ to the nearest £

A1 Receipts

A1 Receipts
Charitable Receipts 149,180 153,787 - 302,967 165,567
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Subtotal(Gross income for AR) 149,180 153,787 - 302,967 165,567

A2 Asset and investment sales, (see table).

- - - -
- - - - -
Sub total
-		 - - - -

Total receipts 149,180 153,787 -

302,967 165,567

10

A3 Payments

A3 Payments
Charitable Payments 130,890 55,794 - 186,683 108,819
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
Sub total 130,890 55,794 - 186,683 108,819
A4 Asset and investment
purchases, (see table)
- - - -
- - - -
Sub total
- - - - -
Total payments 130,890 55,794 - 186,683 108,819
Net of receipts/(payments) 18,290 97.994 - **116,284 ** 56,748
A5 Transfers between funds - - - - **- **
A6 Cash funds last year end - -
- - -
Cash funds this year end 18,290 97,994 - 116,284 56,748

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Section B Statement of assets and liabilities at the end of the period

Categories Details Bank Balance

B1 Cash funds

Total cash funds

of the period
Unrestricted
funds
to nearest £
72,226
-
-
72,226		 Restricted
funds

to nearest £
226,253
-
-
226,253		 Endowment
funds
to nearest £
72,226 226,253
- - -
- - -
72,226 226,253 -

(agree balances with receipts and payments account(s))

Unrestricted Restricted Endowment funds funds funds

B2 Other monetary assets

Details

to nearest £
-
-
-
-
-
-		 to nearest £
-
-
-
-
-
-		 to nearest £
- - -
- - -
- - -
- - -
- - -
- - -

B3 Investment assets

Details

Fund to which
asset belongs		 Cost (optional)
-
-
-
-		 Current value
(optional)
- -
- -
- -
- -

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-

B4 Assets retained for the charity’s own use

B5 Liabilities

Signed by one or two trustees on behalf of all the trustees

Details
Equipment
Furniture and Fittings
Minibus
Details		 Fund to which
asset belongs
Fund to which
liability relates		 Cost (optional)
-
-
-
-
-
-
-
-
-
Amount due
(optional)
-
-
-
-
-		 Current value
(optional)
-
-
-
-
-
-
-
-
-
When due
(optional)
-
-
-
-
-

Date of approval 17.10.2023

Print Name Mr David Folorunso

Signature

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Organisations who currently fund and support our works:

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