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2020-12-31-accounts

Charity Registration No. 290611

CHRIST APOSTOLIC CHURCH GREAT BRITAIN HEADQUARTERS ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

CHRIST APOSTOLIC CHURCH GREAT BRITAIN HEADQUARTERS

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees

Emmanuel O Tukasi (Chair of Trustees) Kolawole Ijiyemi Stephen Tewogbade Banji Odumosu Sunday Fayemi Fred Vincent

Charity number 290611 Principal address 202-204 High Road Page Green Terrace London N15 4NP

Independent examiner

Profile Accountants Ltd 10-16 Scrutton Street London EC2A 4RU

CHRIST APOSTOLIC CHURCH GREAT BRITAIN HEADQUARTERS

CONTENTS

Page
Trustees' report 1 - 6
Independent examiner's report 7
Statement of financial activities 8
Balance sheet 9
Notes to the financial statements 10 - 16

CHRIST APOSTOLIC CHURCH GREAT BRITAIN HEADQUARTERS

TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

The Trustees present their report and financial statements for the year ended 31 December 2020.

The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the Trust's Trust Deed , the Charities Act 2011 and "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)".

Objectives and activities

The Trust's object ive s are to advance the Christian religion in accordance with the teaching of the Holy Bible, the tenets and practice of Christ Apostolic Church. However, the charity suffers setback by the fire incidence since 2015, and the church is now raising fund designated as Building Fund for the reinstatement of the building and the repairs of the church hall. The policies adopted in furtherance of these objects are as follows and there has been no change in these during the year :

Aim of the charity

The aim of the charity is to preach and teach the gospel of our Lord Jesus Christ according to the Holy Scriptures.

Strategies for achieving aims and objectives

Criteria to assess success

The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Trust should undertake.

The Trustees are responsible for making all decisions regarding allocation of funds and activities such as:

The activities of the Charity during the year under review were severely impacted by the Pandemic. The on and off lockdown forced the church to conduct most of her activities virtually, and the number of people allowed in the church hall was minimal due to social distance guidelines. People of certain age brackets were strongly advised to shield and avoid public gathering, and some people in that category were not familiar with the use of virtual platforms. The pastoral team had to resort to phone calls in keeping contact with many members in the shielding age bracket.

CHRIST APOSTOLIC CHURCH GREAT BRITAIN HEADQUARTERS

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

The charity also had a change in Pastoral leadership during the year. The new leadership introduced two services on Sunday which took effect in early December to encourage the return of members to physical worship, and both services were also streamed online.

Youth development

Most of the youth activities were conducted online. During those months that physical gatherings were allowed, the youth were actively involved in the congregational worship. As a way of increasing their participation in communal worship, they were tasked to plan and lead Sunday worship once a month before the lockdown. The weekly youth meeting eventually became virtual as it was obvious that normal activities would not resume until 2021, and the average attendance was 15.

Children and pupils educational developments

The charity is committed to safeguarding and promoting the welfare of young children and volunteers are expected to share the same commitments. In 2020, the children ministry was severely impacted by the lockdown. The concern that children could be a medium of spreading COVID-19 led to the suspension of children activities altogether. Moreover, since parents had to observe the lockdown guidelines, it was extremely difficult to plan any activity knowing fully well that parents would not be able to support the participation of their children.

Advancement of Christian r eligion

The Manchester branch fared well during the year. Although the Pandemic forced the church to stop physical activities for some time, the on and off easing of lockdown was well managed as members were encouraged to attend Sunday meetings which was not longer than 40 minutes. Unlike the previous years, the Pandemic restrictions prevented the superintendent from visiting the Manchester branch, and the periodic revival programmes were put on hold to reduce the spread of the virus.

Pastoral c are and c ounselling

The ministerial team at CAC Great Britain headquarters are well informed, committed and open to the local community in North London. This is achieved by the counselling services available to any member like old people, mothers, children and their carers.

Evangelism and m ission t eam s upports

The Trustees of CAC Great Britain Headquarters are committed to inviting as many people as possible to worship at the church auditorium in Seven Sisters London. The invitations are in the form of evangelism and outreach on the first Saturday of every month.

Achievements and performance

Membership strength

At present, regular members at our Great Britain headquarters Church are residents across Greater London. In 2020, the restrictions made physical attendance difficult, and our online activities had average participants and viewing of 200 on weekly basis. There was one Christening, and no marriage was conducted.

CHRIST APOSTOLIC CHURCH GREAT BRITAIN HEADQUARTERS

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

Achievements in the year

The Trustees, despite the Pandemic restrictions, are pleased to report that the Church continued to minister to many people and winning soul which is the main aim. The Church was able to retain her membership and reached out to the community through the Feeding the Hungry Project. The morning devotion on conference call, "Command Your Day with Jesus", increased in number of participants. The social media presence of the church was far better than the previous years as most activities were conducted virtually and the church would continue to explore those channels for ministerial presence even after all restrictions are finally removed. The youth grew in confidence through the monthly youth service conducted solely by them.

Church building renovation

The church is still undergoing the process of rebuilding from the fire incident that occurred on Saturday 21 November 2015. There has been setback due to the Richmond Construction that went into administration in achieving the completion of the church building. During the year, some major repairs were carried out in the church hall which is temporarily being used for all activities. The repairs covered roof leakages, flooring with new carpets, wall decoration and toilet refurbishment.

Financial review

Review of Transactions and Financial Position

Any net incoming surplus for the year will be channelled towards the renovation of the church building that

was engulfed in fire in 2015.

It is the policy of the Trust that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six months ' 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 Trust’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

Reserve policy

It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a level which equates to at least six months unrestricted expenditure. This policy is expected to provide funds to cover the governance of the charity and to respond to emergencies which may arise from time to time. CAC Great Britain Headquarters was able to maintain unrestricted reserves above the six-month expenditure policy level during the year.

Risk policy

The Trustees has assessed the major risks to which the Trust is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

The Church will continue to focus its activities to meet the objectives of the charity.

CHRIST APOSTOLIC CHURCH GREAT BRITAIN HEADQUARTERS

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

Plans for future periods

The coming year 2021 will see a continued emphasis on achieving the main charitable objects of the charity. There are concluded plans to:

Structure, governance and management

The Charity is constituted under a Trust Deed dated 5 December 1987 and is Charity number 290611 on the central register of the Charity Commission of England and Wales.

The Trustees who served during the year and up to the date of signature of the financial statements were:

Emmanuel O Tukasi (Chair of Trustees) Kolawole Ijiyemi Stephen Tewogbade Banji Odumosu Sunday Fayemi Fred Vincent

All Trustees are appointed by resolution of the existing Trustee Body .

Organisation Structure

The Trustees made all the decisions regarding allocation of fund and activities. The Board of Trustees comprises Chairman, Secretary to the Trust, Financial Secretary, and three other members.

How decisions are made

The Trustees make their decisions through prayerful and careful deliberations and casting of vote.

CHRIST APOSTOLIC CHURCH GREAT BRITAIN HEADQUARTERS

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

Remuneration policy

The charity remunerates trustees only for any professional service rendered for the advancement of the aim of the charity.

Relationship with wider network

Christ Apostolic Church Great Britain Headquarters is a member assembly of the Christ Apostolic Church (CAC) worldwide with her international headquarters in Ibadan, Nigeria.

Each assembly is set up under a governing document with day-to-day management by a Board of Trustees, The appointments of the pastor-in-charge of each assembly are made by the CAC authorities (HQ) in Nigeria. CAC Great Britain Headquarter is the mother church of all CAC churches in UK and the rest of Europe and is presently the headquarters of the London District Coordinating Council (LDCC) with a Superintendent as head. Assemblies within the LDCC level meet monthly for joint worship and prayers nights. All Superintendents of the 18 Districts currently in Europe (Anosike Region) meet periodically with the Regional Superintendent in London. Joint worship and prayers in the Region are held thrice in a year. An annual general executive council meeting of all CAC Superintendents is held at the parent church camp grounds at lkeji- rakeji, Osun State, Nigeria.

Special investment powers

The Trustees are empowered to use the income and may use the capital of the Trust in promoting the objects in accordance with Charities Act 2011. They can also let and dispose of property of any kind. All investments are in the name of the Charity.

Statement of Trustees' responsibilities

The Trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

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

In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the Trust and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the Trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

CHRIST APOSTOLIC CHURCH GREAT BRITAIN HEADQUARTERS

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

The Trustees' r eport was approved by the Board of Trustees.

Kolawole Ijiyemi Church Secretary Dated: 9 June 2021

CHRIST APOSTOLIC CHURCH GREAT BRITAIN HEADQUARTERS

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF CHRIST APOSTOLIC CHURCH GREAT BRITAIN HEADQUARTERS

I report to the Trustees on my examination of the financial statements of Christ Apostolic Church Great Britain Headquarters (the Trust) for the year ended 31 December 2020.

Responsibilities and basis of report

As the Trustees of the Trust you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the Trust’s financial statements carried out under section 145 of the 2011 Act . In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the financial statements to be reached.

Profile Accountants Ltd 10-16 Scrutton Street London EC2A 4RU

Dated: 9 June 2021

CHRIST APOSTOLIC CHURCH GREAT BRITAIN HEADQUARTERS

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2020

Unrestricted
Restricted
funds
funds
2020
2020
Notes
£
£
Income from:
Charitable activities
Donations
3
37,359
-
Other voluntary income
3
-
1,601
Income from gift aid
3
26,801
-
Income from
investments
3
4
-
Total income
64,164
1,601
Expenditure on:
Charitable activities
Grants
4
5,168
-
Direct parish
expenditure
5
37,370
41,053
Administration
6
5,930
-
Total charitable expenditure
48,468
41,053
Net income/(expenditure)
for the year/
Net movement in funds
15,696
(39,452)
Fund balances at 1
January 2020
194,429
137,921
Fund balances at 31
December 2020
210,125
98,469		 TotalUnrestricted
Restricted
funds
funds
2020
2019
2019
£
£
£
37,359
59,659
-
1,601
-
110,509
26,801
20,412
-
4
12
-
65,765
80,083
110,509
5,168
5,808
-
78,423
75,959
5,295
5,930
3,513
-
89,521
85,280
5,295
(23,756)
(5,197)
105,214
332,350
199,626
32,707
308,594
194,429
137,921		 Total
2019
£
59,659
110,509
20,412
12
190,592
5,808
81,254
3,513
90,575
100,017
232,333
332,350

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

CHRIST APOSTOLIC CHURCH GREAT BRITAIN HEADQUARTERS

BALANCE SHEET

AS AT 31 DECEMBER 2020

2020
Notes
£
Fixed assets
Tangible assets
7
Current assets
Debtors
8
28,852
Cash at bank and in hand
113,870
142,722
Creditors: amounts falling due within
one year
10
(2,976)
Net current assets
Total assets less current liabilities
Income funds
Restricted funds - general
Unrestricted funds
The financial statements were approved by the Trustees on 9 June 2021
Emmanuel O Tukasi (Chair of Trustees)
Trustee		 £
168,848
139,746
308,594
98,469
210,125
308,594		 2019
£
28,852
135,886
164,738
(2,000)		 £
169,612
162,738
332,350
137,921
194,429
332,350

CHRIST APOSTOLIC CHURCH GREAT BRITAIN HEADQUARTERS

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

1 Accounting policies

Charity information

Christ Apostolic Church Great Britain Headquarters is a charity constituted under a Trust Deed dated 5 December 1987 and is Charity number 290611 on the central register of the Charity Commission of England and Wales. The principal address of the charity is 202-204 High Road, Page Green Terrace, London, N15 4NP.

1.1 Accounting convention

The financial statements have been prepared in accordance with the Trust's Trust Deed, the Charities Act 2011 and "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)". The Trust is a Public Benefit Entity as defined by FRS 102.

The Trust has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements are prepared in sterling , which is the functional currency of the Trust. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the Trust has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Designated funds comprise funds which have been set aside at the discretion of the Trustees for specific purposes. The purposes and uses of the designated funds are set out in the notes to the financial statements.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Trust.

1.4 Income

Income is recognised when the Trust is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the Trust has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

CHRIST APOSTOLIC CHURCH GREAT BRITAIN HEADQUARTERS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

1 Accounting policies

(Continued)

Legacies are recognised on receipt or otherwise if the Trust has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Assets for distribution are recognised only when distributed. Assets given for use by the Trust are recognised when receivable. Stocks of undistributed donated goods are not valued for balance sheet purposes.

1.5 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment 25% Straight line Fixtures and fittings 25% Straight line Motor vehicles 25% Straight line

Freehold land and building is not depreciated.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in net income/(expenditure) for the year.

1.6 Impairment of fixed assets

At each reporting end date, the Trust reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any ) .

1.7 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.8 Financial instruments

The Trust has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Trust's balance sheet when the Trust becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

CHRIST APOSTOLIC CHURCH GREAT BRITAIN HEADQUARTERS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

1 Accounting policies

(Continued)

Impairment of financial assets

Financial assets, other than those held at fair value through income and expenditure, are assessed for indicators of impairment at each reporting date. Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after the initial recognition of the financial asset, the estimated future cash flows have been affected.

If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in net income/(expenditure) for the year.

If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognised, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been, had the impairment not previously been recognised. The impairment reversal is recognised in net income/(expenditure) for the year.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the Trust transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Trust’s contractual obligations expire or are discharged or cancelled.

2 Critical accounting estimates and judgements

In the application of the Trust’s accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

CHRIST APOSTOLIC CHURCH GREAT BRITAIN HEADQUARTERS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

3
4		 Income from charitable activities
Unrestricted
Restricted
TotalUnrestricted
Restricted
funds
funds
funds
funds
2020
2020
2020
2019
2019
£
£
£
£
£
Donations
Tithes & Offerings
37,359
-
37,359
59,659
-
37,359
-
37,359
59,659
-
Other voluntary income
Building funds
-
1,601
1,601
-
110,509
-
1,601
1,601
-
110,509
Income from gift aid
Gift aid received
26,801
-
26,801
20,412
-
26,801
-
26,801
20,412
-
Income from investments
Interest received
4
-
4
12
-
4
-
4
12
-
64,164
1,601
65,765
80,083
110,509
Expenditure on charitable activities - Grants
Unrestricted
TotalUnrestricted
funds
funds
2020
2020
2019
£
£
£
Charitable expenditure and Gifts
4,522
4,522
-
Evangelism and Mission
110
110
4,958
Children/Youth
536
536
850
5,168
5,168
5,808		 Total
2019
£
59,659
59,659
110,509
110,509
20,412
20,412
12
12
190,592
Total
2019
£
-
4,958
850
5,808

CHRIST APOSTOLIC CHURCH GREAT BRITAIN HEADQUARTERS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

5 Expenditure on charitable activities - Direct parish expenditure
Unrestricted
Restricted
TotalUnrestricted
Restricted
funds
funds
funds
funds
2020
2020
2020
2019
2019
£
£
£
£
£
Honorarium
350
-
350
1,300
-
Wages and salaries
10,004
-
10,004
17,775
-
Payroll costs
1,324
-
1,324
1,603
-
Ministerial allowances
-
-
-
5,042
-
Volunteers costs
1,150
-
1,150
8,870
-
Church running costs
Staff training
-
-
-
585
-
Welfare
1,500
-
1,500
18,299
-
Choir expenses
6,650
-
6,650
-
-
Security costs
767
-
767
905
-
Cleaning
148
-
148
759
-
Water
524
-
524
1,221
-
Electricity
2,692
-
2,692
4,055
-
Gas
3,380
-
3,380
3,888
-
Property repairs and
maintenance
1,846
41,053
42,899
280
5,295
Motor vehicle running
expenses
1,762
-
1,762
1,571
-
Travelling expenses
-
-
-
30
-
Overseas travelling
-
-
-
500
-
Accommodation and
subsistence
-
-
-
1,650
-
Printing and stationery
1,614
-
1,614
150
-
Books, Holy Communion
139
-
139
932
-
Telecommunications
958
-
958
1,840
-
Accessories, Media
1,498
-
1,498
-
-
Other office supplies
-
-
-
2,315
-
Depreciation
764
-
764
1,388
-
Petty cash
300
-
300
1,000
-
37,370
41,053
78,423
75,958
5,295		 Total
2019
£
1,300
17,775
1,603
5,042
8,870
585
18,299
-
905
759
1,221
4,055
3,888
5,575
1,571
30
500
1,650
150
932
1,840
-
2,315
1,388
1,000
81,253

CHRIST APOSTOLIC CHURCH GREAT BRITAIN HEADQUARTERS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

6
Expenditure on charitable activities - Administrative expenditure
Unrestricted
TotalUnrestricted
funds
funds
2020
2020
2019
£
£
£
Legal and professional fees
3,000
3,000
637
Accountancy fees
2,250
2,250
2,000
Bank charges
680
680
876
5,930
5,930
3,513
7
Tangible fixed assets
Freehold
land and
buildings
Plant and
equipment
Fixtures
and fittings
Motor
vehicles
£
£
£
£
Cost
At 1 January 2020
168,624
36,409
30,431
7,450
At 31 December 2020
168,624
36,409
30,431
7,450
Depreciation and impairment
At 1 January 2020
-
35,870
29,982
7,450
Depreciation charged in the year
-
539
225
-
At 31 December 2020
-
36,409
30,207
7,450
Carrying amount
At 31 December 2020
168,624
-
224
-
At 31 December 2019
168,624
539
449
-
8
Debtors
2020
Amounts falling due within one year:
£
Other debtors
28,852
9
Loans and overdrafts
2020
£
Bank overdrafts
976
Payable within one year
976		 Total
2019
£
637
2,000
876
3,513
Total
£
242,914
242,914
73,302
764
74,066
168,848
169,612
2019
£
28,852
2019
£
-
-

CHRIST APOSTOLIC CHURCH GREAT BRITAIN HEADQUARTERS

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

10 Creditors: amounts falling due within one year

Bank overdrafts
Accruals and deferred income
Analysis of net assets between funds
Unrestricted
funds
Restricted
funds
2020
2020
£
£
Fund balances at 31
December 2020 are
represented by:
Tangible assets
168,848
-
Current assets/
(liabilities)
64,018
75,728
232,866
75,728		 Notes
9
TotalUnrestricted
funds
2020
2019
£
£
168,848
169,612
139,746
162,068
308,594
331,680		 2020
£
976
2,000
2,976
Restricted
funds
2019
£
-
670
670		 2019
£
-
2,000
2,000
Total
2019
£
169,612
162,738
332,350

11 Analysis of net assets between funds

12 Related party transactions

There were no disclosable related party transactions during the year (2019 - none).