2024-12-31-accounts - Christ Apostolic Church Surrey Docks

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Registered Charity number 1051613

CHRIST APOSTOLIC CHURCH SURREY DOCKS

Report and Accounts

31 December 2024

CHRIST APOSTOLIC CHURCH SURREY DOCKS

Report and accounts Contents

	Page
Trustees Report	1-2
Independent Examiners Report	3
Statement of Financial Activities	4
Balance sheet	5
Notes to the Financial Statements	6 - 8
(inclusive of detailed Income & Expenditure)

CHRIST APOSTOLIC CHURCH SURREY DOCKS LEGAL AND ADMINISTRATIVE

Year ended 31 December 2024

Trustees;

Rev. Sunday Bamidele Asoso Rev. Lawrence Ajayi Pastor Casey A Badejo Elder Jacob Odunayo Otti Ajibola Lemo Olaleye Olatokun Pastor Michael Olufemi Adekoya Opeyemi Adebiyi Olu Oye-Bamgbose Ebenezer Ojo Olushola Rev. Emmanuel Medaiyese

Register Charity Number ; 1051613

Business Address 163 Ilderton Road Bermondsey London SE16 3LA

Bankers

Barclays Bank Plc Bushey Branch 32 Clarendon Road Watford WD1 1LD

Lloyds Bank PLC Camberwell Green Branch 25 Camberwell Green London, SE5 7AB.

Independent Examiner ADELANI AWE (FCCA, Msc) DELANI AWE & CO Chartered Certified Accountants 14 BRIGHT ROAD CHATHAM KENT ME4 5HH

CHRIST APOSTOLIC CHURCH SURREY DOCKS

Trustees' Report

Year ended 31 December 2024

The Trustees present their report and the financial statements for the year ended 31 December 2024 The financial statements have been prepared in accordance with the accounting policies set out on page6 and comply with the statement of Recommended Practice (SORP 2015) and applicable law.

a. Advancement of the Christian Faith in the United Kingdom and abroad

b. The relief of persons who are in conditions of need, hardship or distress or who are aged or sick in the United Kingdom and abroad.

The principal activities of the Charity are worship and the involvement of various ministries and ministers of religion, propagating Christian tenets to both members and non-members of the ministry at various meetings.

To achieve these objectives, the trustees appointed the Board of Ministers. The ministry is invovled in Christian Outreach Programmes designed to increase Christian awareness and spread the gospel of our Lord Jesus Christ.

The trustees who serve during the year were;

METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES

Due consideration is given to what is needed to make the Board and commitee as effective as can be. Also care is taken to ensure the board has the right mix of skills and experience to discharge its duties and ensure effective governance and management. Trustees serve a term of two years which is renewable at the discretion of the Board; however, in exceptional cases Trustee may be asked to stay on for more than four years.

TRUSTEES' RESPONSIBILITIES

Charity Law requires the trustees to prepare financial statements for each fianacial year which give a true and fair view of the state of affairs of the charity at the year end and of its incoming resources and resources expended for that year. In preparing those financial statements the trustees are required to;

●select suitable accounting policies and apply them consistently,

●make judgement and estimates that are reasonable and prudent,

●prepare the financial statements on the going concern basis unless it is appropriate to presume that the charity will continue in operation

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the company and to enable them to ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud.

RISK MANANGEMENT

Trustees take seriously their responsibility to assess and manage the major risks that the charity faces and review them regulaly. A formal risk management process is in place to ensure risks are identified and appropraite mitigation actions are taken- this is captured in our Risk Management Policy.

FINANCIAL REVIEW

a. RESERVE POLICY

Christ Apostolic Church unrestricted reserves comprise the general fund which can be spent on any purpose of the charity and are avilable to meet future demands on the charity's resources. The trustees have determined that it would be prudent to maintain three months of expenditure to meet core expenses of the church.

b. PRINCIPAL FUNDING

Individual donations and gifts continue to be the main source of income, including Gift aids credits.

STATEMENT OF PUBLIC BENEFIT

In line with requirements of the Charities Commission under the Charity Act 2011 for charities to demonstrate that their aims are for public benefit, the Board of Trustees of Christ Apostolic Chuch are confident that our aims fully meet the public benefit test that all the activities of the charity described in the report, are undertaken in pursuit of our mandate which by implication seeks to:

a) help people live a life free from fear and anxiety, allowing them to prosper in mind, body and spririt b) Improve overall well being and every life of each person

c) motivate, teach, councel and coach people to attain success in their career, family life, marriage and personal life

d) support the less privileged and needy through gifts in kind and where appropriate financial assistance; and

e) give financial support to other charities that share our values and aims as well as respond to social needs

This report was approved by the Board of Trustees on 09 December 2025 and was signed on their behalf by:

Odunayo Otti

---------------------------------------------------Elder J O OTTI

CHRIST APOSTOLIC CHURCH SURREY DOCKS INDEPENDENT EXAMINER'S REPORT

I report on the charity for the year ended 31 December 2024, which are set set out on pages 4 to 5.

Respective resposibilities of 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 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. [The charity's gross income exceeded £250,000 and I am qualified to undertake the examination by been a qualified member of Association of Chartered Certfied Accountants.

It is my responsisblity to:

. examine the accounts under section 145 of the 2011 Act;

. to follow the procedure laid down in the General Direction given by the Charity Commission under section 145(5)(b) of the 2011 Act; and;

.to state whether particular matters have come to my attention.

Basis of independent examiner's report

My examination was carried out in accordance with the General Directions given by the Charity

comparison of the accounts presented with those records. It also includes consideration of any unusua items or disclosures in the accounts, and the seeking of explanations from you as trustee concerning any such matters. The procedure undertaken do not provide all the evidence that would be required in an audit and, consequetly 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

which gives me reasonable cause to believe that, in any material respect, the requirements:

. to keep accounting records in accordance with section 130 of the 2011 Act; and

. to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met.

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

ADELANI AWE (FCCA, Msc) DELANI AWE & CO Chartered Certified Accountants

14 BRIGHT ROAD CHATHAM

CHRIST APOSTOLIC CHURCH SURREY DOCKS

Statement of Financial Activities For the year ended 31 December 2024

Tithes, offering and thanksgiving Building God's Grace Day Care Bank interest received Total Income Resources Resources Expended Support costs of activities in furtherance of the charity's objects Management & Administration of Charity Total Income Expended Net incoming/(outgoing) resources Net Movements in Funds Fund balances b/fwd Funds balances c/fwd	Unrestricted Notes £ 8.1 869,445 83,496 1,824 954,765 8.2 464,962 8.3 321,465 786,427 168,338 168,338 1,749,191 1,917,529	Restricted £ 2,333 2,333 - - 2,333 2,333 2,333 147,469 149,802	2024 Total Fund £ 869,445 2,333 83,496 1,824 957,098 464,962 321,465 786,427 170,671 170,671 1,896,660 2,067,331	2023 Total Fund £ 551,029 1,925 69,522 979
	8.1 8.2 8.3
				623,455
				515,384 269,589
				784,973
				(161,518)
				(161,518) 2,058,178
				1,896,660

CHRIST APOSTOLIC CHURCH SURREY DOCKS Balance Sheet as at 31 December 2024

	Notes		2024			2023
			£			£
Fixed assets
Tangible assets	3		3,149,569			3,150,612
Current assets
Stocks					572
Debtors	4				20,000
Cash at bank and in hand		256,303			210,806
		256,303			231,378
Creditors: amounts falling due
within one year	4	(178,311)			178,310
Net current assets			77,992			53,068
Total assets less current liabilities			3,227,561			3,203,680
Creditors: amounts falling due
after more than one year	5		(1,160,230)			1,307,020
Net assets			2,067,331			1,896,660
Unrestricted Funds
	6		149,802		-	147,469
Unrestricted Funds	6		1,917,529	-		1,749,191
Restricted and Unrestricted Funds c/fwd.			2,067,331			1,896,660

Odunayo Otti Elder J O OTTI - Approved by board of Trustees

CHRIST APOSTOLIC CHURCH SURREY DOCKS Notes to the Accounts for the year ended 31 December 2024

1 Accounting policies

Basis of preparation

The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Incoming Resources

Income is mainly from grants and bank interest received are included in the financial statements when received.

Resources Expended

All expenditure is accounted for on an accrual basis and has been classified under headings that aggregate all costs related to the category.

Taxation

As a charity, the charitable funds are exempt from corporation tax but not from VAT. Irrecoverable VAT is, in accordance with standard accounting practice, included in the cost of those items to which it relates.

Depreciation

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Equipment, furniture & fittings 25% Straight line Motor vehicles 25% Straight line Land & building 1% Straight line

2 Operating profit This is stated after charging: Depreciation of owned fixed assets 3 Tangible fixed assets Land and buildings Cost £ At 1 January 2024 3,606,589 At 31 December 2024 3,606,589 Depreciation At 1 January 2024 458,010 Charge for the year - At 31 December 2024 458,010 Net book value At 31 December 2024 3,148,579 At 31 December 2023 3,148,579	Plant and machinery etc £ 197,797 197,797 197,797 - 197,797 - -	£ £ 1,043 2,354 Motor vehicles Total £ £ 7,248 3,811,634 7,248 3,811,634 5,215 661,022 1,043 1,043 6,258 662,065 990 3,149,569 2,033 3,150,612

CHRIST APOSTOLIC CHURCH SURREY DOCKS Notes to the Accounts for the year ended 31 December 2024

4	Debtors					£		£
	Trade debtors							572
	Other debtors							20,000

						-		20,572
5	Creditors: amounts falling due within one year					£		£
	Other taxes and social security costs					60,416		51,872
	Other creditors - Mortgage Loan interest					117,895		126,438
						178,311		178,310
6	Creditors: amounts falling due after one year					£		£
						2024		2023
	Mortgage loans					1,160,230		1,309,044
						1,160,230		1,309,044
						2,024		2023
7	Restricted Funds	Unrestricted		Restricted		£		£
	At 1 January 2024	1,749,191		147,469		1,896,660		2,058,178
						-
	Net Incoming Fund	168,338	#	2,333	#	170,671	#	(161,518)
	At 31 December 2024	1,917,529		149,802		2,067,331		1,896,660

CHRIST APOSTOLIC CHURCH SURREY DOCKS

Notes to the accounts (continued)

8 Income and Expenditure Account For the year ended 31 December 2024

8.1 INCOMING RESOURCES Tithes, offering and thanksgiving Building Solution House Day Care Bank interest received Total Incoming Resources OUTGOING RESOURCES 8.2 Support costs of activities in furtherance of the Charity's objects: Pastor's Office Expenses Honorarium Donations & Gifts Wages & salaries Pension Choir & Youth CAC Southern zone Advertising Printing, postage & stationery Convention & anniversary Members' welfare and training 8.3 Management and Administration of Charity: Travelling and subsistence Rent & rates Light & heat Bank charges Cleaning Telephone Other legal and professional Security Insurance Motor vehicle expenses Repairs & maintenance Sundry expenses Software & Computers accessories Mortgage interest Depreciation charge	2024 2023 Unrestricted Restricted Total Total Fund Fund £ £ £ £ 869,445 869,445 551,029 2,333 2,333 1,925 - 83,496 83,496 69,522 1,824 1,824 979
	954,765 2,333 957,098 623,455
	2,876 2,876 4,289 4,500 4,500 5,363 17,957 17,957 21,482 271,887 271,887 349,434 4,832 4,832 4,832 5,460 5,460 9,834 121,303 121,303 87,422 10,179 10,179 - 12,030 12,030 12,738 9,275 9,275 13,842 4,663 4,663 6,148 -
	464,962 - 464,962 515,384
	31,444 31,444 19,946 24,409 24,409 13,720 37,296 37,296 53,004 3,767 3,767 2,851 3,231 3,231 3,177 11,280 11,280 13,970 0 0 600 600 3,954 11,403 11,403 9,016 - 0 714 13,086 13,086 11,675 1,442 1,442 10,408 5,015 5,015 2,217 177,449 177,449 122,583 1,043 1,043 2,354
	321,465 - 321,465 269,589