2024-12-31-accounts - Christ Apostolic Church (Outreach)

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Charity number: 01063904

CHRIST APOSTOLIC CHURCH - OUTREACH

Report of the Trustees and Unaudited Financial Statements

For the year ended 31 December 2024

CHRIST APOSTOLIC CHURCH - OUTREACH Contents Page For the year ended 31 December 2024

Report ofthe Trustees		1
	.
Independent Examiner's Report to theTrustees		2
Statement of Financial Activities		3
Statement of Financial Position		4
Notes to the Financial Statements		5 to9
DetailedStatementofFinancialActivities		10

CHRIST APOSTOLIC CHURCH - OUTREACH Report of the Trustees For the year ended 31 December 2024

The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 31 December 2024. The Trustees have adopted the provisions of 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 the Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The trustees have considered the Charity Commision's guidance on public benefit, including the guidance ‘public benefit: running a charity (PB2)'. :

REFERENCE AND ADMINISTRATIVE INFORMATION

Name ofCharity	CHRISTAPOSTOLICCHURCH -OUTREACH
Charity registration number	01063904
Principal address	413 HIGH ROAD
	TOTTENHAM
	LONDON
	N17 6RD
Trustees
The trustees and officers serving during the yearand since the year end were as follows:
	RevAMOS ODUNAYO FASHINA
	Rev JOSEPHADEWUYI
	MrOLUGBENGA BABATOLA
	Mr S.OLUBISI AKINYEMI
	Mr SAM. AAWORINDE
	MrADEDEJI OLALEYE
	Mr SAJILORE
	Mr MICHAELAYODEJI AFOLABI
	Mr M.AAJAYI
	Rev ENOCK BUNMI FASHINA
Independentexaminers	M.AFOLABI &CO LIMITED
	133 HESTON ROAD
	HOUNSLOW
	MIDDLESEX
	TW5ORD

Approved by the Board of Trustees and signed on its behalf by

Mr ADEDEJI OLALEYE

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CHRIST APOSTOLIC CHURCH - OUTREACH Independent Examiners Report to the Trustees For the year ended 31 December 2024

| report to the trustees on my examination of the accounts of the charity for the year ended 31 December 2024.

Responsibilities and basis of report

As the charity trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the 2011 Act’).

| report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiners statement

Since the Charity's gross income exceeded £250,000, your examiner must be a member of a body listed in section 145 of the 2011 Act. | confirm that | am qualified to undertake the examination by virtue of my membership of , which is one of the listed bodies.

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

accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.

| 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 accounts to be reached.

Mut al MAFOLABI&COLIMITED = | 133 HESTON ROAD HOUNSLOW MIDDLESEX TW5 ORD

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CHRIST APOSTOLIC CHURCH - OUTREACH Statement of Financial Activities

For the year ended 31 December 2024

	Notes		Unrestricted	2023
			funds
			£	£
Income and endowments from:
Donations and legacies	2		379,346	360,320
Investments	3
Income from investment			30,700	20,700
properties		;
Bank interest receivable			1,818	-
Total			411,864	381,020
Expenditure on:
Raising funds	4
Costs ofgenerating donations			(294,937)	(290,990)
and legacies
Fundraising trading: cost of goods sold and other costs			(20,508)	(28,204)
Total			(315,445)	(319,194)
Net income			96,419	61,826
Reconciliation offunds
Total funds brought forward			1,079,769	1,017,943
Totalfundscarriedforward			1,176,188	1,079,769

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CHRIST APOSTOLIC CHURCH - OUTREACH Statement of Financial Position

As at 31 December 2024

	Notes		2024	2023
			£	£
Fixed assets
Tangible assets	9		1,413,172	1,414,969
			1,413,172	1,414,969
Current assets
Debtors		;	5,000	-
Cash at bank and in hand			173,839	86,372
			178,839	86,372
Creditors: amounts falling due within oneyear	10		(18,121)	(18,180)
Net current assets			160,718	68,192
Total assets less current liabilities			1,573,890	1,483,161
Creditors: amounts falling due aftermore than oneyear	11		(397,702)	(403,392)
Net assets			1,176,188	1,079,769
The funds ofthe charity
Unrestricted income funds	12		1,176,188	1,079,769
Totalfunds			1,176,188	1,079,769

The financial statements were approved and authorised for issue by the Board and signed on its behalf by:

OX cssre Trustee

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CHRIST APOSTOLIC CHURCH - OUTREACH Notes to the Financial Statements For the year ended 31 December 2024

1. Accounting Policies

Basis of accounting

The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘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)’, Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Charities Act 2011.

CHRIST APOSTOLIC CHURCH - OUTREACH meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).

Going concern

2. Income from donations and legacies

2.	Income from donations and legacies
		2024	2023
		£	£
	Unrestricted funds
	Donations received	323,351	301,200
	Grants received	55,995	59,120
		379,346	360,320
3.	Investment income
		2024	2023
		£	£
	Unrestricted funds
	Income from investment	30,700	20,700
	properties
	Bank interest receivable	1,818	-
		32,518	20,700
4.	Expenditure on generating donations and legacies
		2024	2023
		£	£
	Unrestricted funds
	Donations	122,474	133,640
	Subscriptions	2,680	2,001
	Support costs	169,783	155,349
		294,937	290,990

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CHRIST APOSTOLIC CHURCH - OUTREACH Notes to the Financial Statements Continued For the year ended 31 December 2024

5. Analysis of support costs

Analysis of supportsupport costs
	2024	2023
	£	£
Voluntary Income
Support cost 5	134,703	123,647
Governance costs	55,588	59,906
	190,291	183,553
Net income/(expenditure) forthe year
This is stated after charging/(crediting):
	2024	2023
	£	£
Operating lease charges - other	1,400	-
Staffpensioncontributions	2,587	3,393

6. Net income/(expenditure) for the year

7. Staff costs

Total staff costs for the year ended 31 December 2024 were:

Total staff costs for thethe year endedended 31 December 20242024 were:
	2024	2023
	£	£
Salaries and wages	111,615	120,271
Social security costs	6,475	7,814
Pension costs	2,587	3,393
	120,677	131,478
	2024	2023
Ministers and ancilliary workers.	8	8
	8	8

8. Comparative for the Statement of Financial Activities

The comparative year values on the Statement of Financial Activites are for unrestricted funds.

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CHRIST APOSTOLIC CHURCH - OUTREACH Notes to the Financial Statements Continued For the year ended 31 December 2024

9. Tangible fixed assets

	Land and	Multimedia	Motor	Fixtures and	Computer
Costorvaluation	buildings	Equipments	vehicles	fittings	equipment	Total
	£	£	£	£	£	£
At 01 January 2024	1,408,484	67,268	2,340	36,082	24,283	1,538,457
At 31 December2024	1,408,484	67,268	2,340	36,082	24,283	1,538,457
Depreciation
At 01 January 2024	-	63,085	2,106	34,977	23,320	123,488
Charge foryear	-	1,046	234	277	240	1,797
At 31 December 2024	-	64,131	2,340	35,254	23,560	125,285
Net book values
At 31 December2024	1,408,484	3,137	-	828	723	1,413,172
At31December2023	1,408,484	4,183	234	1,105	963	1,414,969

The depreciation charge for the year is £(27,037) in respect of assets leased under finance leases or hire purchase contracts.

10. Creditors: amounts falling due within one year

		2024	2023
		£	£
Other	creditors	18,121	18,180
		18,121	18,180

11. Creditors: amounts falling due after more than one year

			2024	2023
			£	£
Loans	and	overdrafts	397,702	403,392
			397,702	403,392

The following liabilities disclosed under creditors falling due aftermore than one yearare secured by the charity:	The following liabilities disclosed under creditors falling due aftermore than one yearare secured by the charity:
Bank loans and overdrafts	343,381	367,071
	343,381	367,071

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CHRIST APOSTOLIC CHURCH - OUTREACH Notes to the Financial Statements Continued For the year ended 31 December 2024

12. Movement in funds

Unrestricted Funds

					Balance at	Incoming	Outgoing	Balance at
					01/01/2024	resources	resources	31/12/2024
					£	£	£	£
General						;
General					1,079,769	411,864	(315,445)	1,176,188
					1,079,769	411,864	(315,445)	1,176,188
Unrestricted	Funds	-	Previous	year
					Balance at	Incoming	Outgoing	Balance at
					01/01/2023	resources	resources	31/12/2023
					£	£	£	£
General
General					1,017,943	381,020	(319,194)	1,079,769
					1,017,943	381,020	(319,194)	1,079,769

Purpose of unrestricted Funds

General

Charitable activitities

13. Analysis of net assets between funds

		Tangible	Netcurrent	Creditors>	NetAssets
		fixed assets	assets /	one year
			(liabilities)
		£	£	£	£
Unrestricted	funds
General
General		1,413,172	160,718	(397,702)	1,176,188
		1,413,172	160,718	(397,702)	1,176,188

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CHRIST APOSTOLIC CHURCH - OUTREACH Notes to the Financial Statements Continued For the year ended 31 December 2024

Previous year

		Tangible	Netcurrent	Creditors>	NetAssets
		fixed assets	assets /	one year
			(liabilities)
		£	£	£	£
Unrestricted	funds
General
General		1,414,969	68,192	(403,392)	1,079,769
		1,414,969	68,192	(403,392)	1,079,769

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