CHRIST APOSTOLIC CHURCH (HOUSE OF REFUGE) REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 CHARITY NO:1079846
CAC {HORI Financial Report & Accounts 2020 Christ Apostolic Church (House of Refuge) Financial Statements for the Year Ended 31 December 2020 Contents Legal and Adminstrative Inforniation Report of the Trustees Independent examiner's report Statement of Financial Activities Balat]ce Sheet Notes fonning part of the financial statements 8-11
Christ Apostolic Cbureb(Hollse of Refuge) FlJan¢lAI Stat¢llts for the Year Ended 31 Doo•mb•r 2020 Charlty Nam•: 1079846 R¢ts¥¢a offl¢• Opratlon•l Addre*. Cltsist Ap>stoli¢ ChurcN House of Rtfugel iBabthJa Hou8el Hulse Avenue Coljier Row Postor M.0 Adckeye Mr. OA Ojadunioye. le9 tr. K Ayoola Mr. S. Olowoyo JOFErsE Con8ultiD8 Ltd RMIO 9EL Uoyds Bank Hc
cbrfStAto]1e ChuNh(House of Rtfugr) FInnei Stt¢metsts for th¢ Var E•dtd 31 Deeejllber 2020 Christ Atx)stoli¢ Church (House of Refiw¢} Prese their T4 gnd Trinaneid Ststcwthts fvth¢ year dcd 3161 Decemr 2020 whieh have in attorthce with the StateMt of R¢L1M Ptacti¢ "'AcKoun¢iii8 8thd Rep)rtin8 by Charitie5- ISSU In Jllnuary 2015 (The FRSSEI CoD8tithtio Th¢ church is constitutrd under a governithg (fvuniWed LWiati) and is a re8iStrfed charfty with eltsriiy registration tEumbcr 1079846 Ik M¢thod of ApN)lntntyt or Ele¢doD Of Thts¢ee5 The managwnenl ot the Church i5 the rwl)il(y of the Tru&¢e5 who 8re eithl and ¢{) undcr the tcm)s of the (ked5 aDd the skills th they will Thev ar¢ ry0vidl with copies of th¢ Charity Comrnission's guidanc¢ to trus arml 8iv¢n an intr(ducliun to the livities of ¢harity by thc uislin8b(Ard. e. PolieS¢s Adopted for the lThduetlon Traini¥ of Trutees Exi5Lin8 tntstees are wovided with trdining &s and Wh requiruL Orygntsatlonal S¢rnttsre And D¢¢lsioth Makitig The Church is organised sts that the tntstees meet regularly to mana8e alTair& The day kn day administrntion of the Church is rnana8ed by the P&8tor in (wEe. Related Party Rela¢itinshl Chrsit Apostoli¢ Chureh4House of Refuge ) is a IIKal brnnth of Christ A011¢ Churth Wthid¢ foun{ in Nigeri& in1928 with Headqurtets In Ibadat) Oyo Sta Ni8eriLThe xtivitsts of the l(ul branch hoV¢r nrrt PolhLies and Objedives To seek the advancutntof Chri5ti8n reli8i¢Jn in ¥ltt with hIngS tsf The Christ A$t011¢ Church Worlth¥ide To educate people in th¢ WORD of Grf to teach the of Jws chri a]1 ovu the Unitel Kingdom. In addition, to help th¢ relief of Exjverty irt the w of the Worl dirsxly to wr immediate memtr& their (amilie4 members ofthe IoL]. Dlon ¥nd inWna£i c(xnmuniti¢s &stxcwsion deman¢ in ¢&8h and in kio The obj¢civ¢s of the charity 8re: 2. Sunday Seryi 3. Pmision of wjitable att)Y wh¢re Christi¥n prinLipl¢s csn be tau1 aThJdevdwlwithin ow COMM1 4. weekly Bible studi¢& and 5. RaL5ing fimds throuBh m¢mkns intunajly and cnLY. It pursues these objertives by the operntion of a ChriXWI whip (%ntsr at & facility I ai Hu)se Avenue.Colier Row Romford. IAxKkn Whe all th¢ atgd obie¢tives carrted oui ncar futute b. Artivities for Achieving objIlV% Si8nifJeant activities that ¢))Dtributed to the a¢hiev¢m¢nt ofthese objectiveswerr. l. C4Yents oryatkized during the year ts> plte th¢ Chri51ian faith in¢lude diStr1tlI0 of leafi with chrIlan mewge4 sla1 d¢liv¢ranLf %rvi¢¢% all nisht vigil& pr8yers and c(wnselit 2. Othcr lIVI1]eSt0 h¢lp roix the F¥ofile of the ch8rity in I] CLMnmuDity iluded pimi(• Moth ond Fath¢r¥ day Cel¢br10
Ckrlst Ap(otoli¢ Chureh (Hw of Refuge) Finallcl•l Stalem¢Rts for the YeAr Ended JI tknber 2929 ReJpoll$ibiliti¢8 of the Tru8teeJ The Trust¢¢s resp)nsibk ftr pre12 the Rcwt aTKlthe finat)ci81 stAtements in ac¢ord8n¢¢ with applicable law 8nd regulations. Charity law require5 the Trle¢S to prepare flnancial statrments for each finwKial year. Under that law the Charity law r¢quires the Truses to Prye financial statements foreath finawia] ye•r which 8ive atrue and fairview. Trustees have elected to prepare the finala1 statements in accordw with United KIngdll Genernlly Aecepted Acwunting Pradice {Uniied Kingdom A1t]n8 Standards 8Dd applithk law). The financid sttrments are equired by law to give a true and fair view of the 5tat¢ of affairs of the Church and of the surplus or deficit of th¢ Church for that period. IA Pf¢PHrin8th¢% fin8ncl statements. the Trustees we requirryl to: • gelect suitabl¢ acccrtmting Folici¢$ and then apply them consisLendy. m8ke judgm¢nts and ¢stimat¢$ thal ore rewnable aDd prnd¢nC ' prepare th¢ finanGial stat¢ments on the goingcixK basis unk&s tt is inappropriate &xcwm¢ thatthE ¢hyr¢h will continue in op¢ralion. The TnLSte¢s are r¢sponsiThle forkeeping proper ¢4)unting Tecor& that disclose re4yxAbl¢ accurw It ony time the financial p(tsitiott of the Church and enable them to ensure that the financial statements comply with the Charities 1993. They also responsible for safeguardingthe assets of the Church 4Dd hence for tskin8 re850nabl¢ steps for th¢ PventIon and d•eCtI of fraud and other irregulwiiie& Indep¢ndeDt Examitter The Trustees apwjinted Jofrtrise Consuhing Limid (Accountants) as th¢ thrity's indeFndrt exgmiw. A r¢solution for re-appotntment as Inde]e examiw wll be prowsed during th¢ Tru51ee5 meding for the year 2020. This was approved by ¢nhst¢ey on the 18.. Febnwy. 2020 and si8ned on its Ixhalf by: P*stor D.0 lagunju Trnstrt's Ch81rn)a# . O.L 018dunJ Cbwrtk Trwllr¢r
Apostolle Chureh (House of Rtfy) Fi¢11 Statements for the Yev Ewdtd JI Dectmbtr 2020 Inderndeni Examiners RcFtht We have examin the fir1 Statem which LYAntAisc the financial adiyitiw the ghrt the related rtote5 and the acwunting p)Iicie5 of Chria Ar01]C Church (Howe of Refwgel fvthe year ¢nded 31st Demtrr 2U20. Resp¢¢tlve respowlblmtles of trwstee5 kndep¢ndeNt ¢xminer As dribed on pa8¢ 4, the truSeS rwible forthe of the financial statryn It L$ Imr ItawKi. sibility to cany out an exarnination of those fit)ancial ststernents arml iswe a T4 i1 on thatexaminthon. Stope of ¢x•mintlo We Conducted our cxamrnation in with direaion5 giv¢n by the Chariry Commisshon¢rs utxler se¢tion 43(7Mb} of the Chariiies Act 1993. An eXamin10n is limid wuiricsof the chaTitys Fe1 and atta11¢al and r¢vi¢w prweduKs applied to financiaj data arkd this wovides I$ a&surdnce thgn an authL We hthve rf01mj an audi 8nd ]ng[y, we (k) not an audit q)inion. Indq)tndent examiner's 51tememt In cotEnection wilh ow examin8tiOTL TLO matw E(rne io wr att¢nti(xi: l. Which gives us rewnable caw w t¢licve that in 4rty ma*rial respect the rlINts. To keep ae¢ounting record5 in with 5¢dion 41 of thc A¢ 8T¥J b To prqure #CCOLmts which acLxKd with the aCcouA8 record8 and to ¢PIY with the c0)nting r4uiremMts of the Act hve not beeD mei 2. To which in ouropinkon, attentith SINNd be dM¥n in UbaC a ptw Undeing r)f the acu)wtsto be r¢a¢hed. Joh PA..AA (SI and dawd) Jofe Lonyjlting Limitcd Accountsnts& Consultants 60 Oval RONOrth Dasenham RM109EL
Chrknt Awtoiit ChuT¢h (How of R¢fttge}
ststem¢ttt of Trlnnril Actlviikgldlry1K¢ •d Expend¥rA
Chrlst At01]e Chlreh (House of Ref•Ee) Ba]snc¢ Sheet as at 31 De¢emb¢r 2020 2020 2019 Flxed Asaets Tgngible 675,688 685.446 Current Asselj 450 110263 110.713 450 30247 30,697 Cash at bgnk and in hand crltors.. Amount falling du¢ within a year 71K) 22206 Net Curr¢•t Ass¢tslLi•bilitiEs 110.013 &491 Creditth3'. Amount falling du¢ more than a year 196215 185,646 Net AsSeLI*bIlI1xl 508291 51b8J91 Totsl Fumds Thc B8iance shee¢ and accompy1n8t w&8 approvoj byth¢ Bowd of Irusi¢es.i.E.. Fcknru8ry,2020 and 5ign¢d on its behalf by.. P8Stor D.0 Olwnju TThs¢ee5' Ckalr
Chrbt Apostolic (Hoy3e ofRefige) Notes foming part of the rip¢111 st•temeMts for the year ended 31 Deeember 21)20 l. A¢couRting Polieies The finan¢kal statements have bc¢n prepared in a¢¢ord4[e with spplic4ble Acc4)unting Standards in th¢ United Kingdom with the application of FRSSE and the Statement of Recommended Pracli¢<"Accwnting and Rewting by Chariti¢5" {"SORP 20rKI and SORP 2005.1 issued by tb¢ Clwity Commissi(. A sumrnary of the principfii occ4)untin8 )li¢i¢s. which have been aw111 CL$1, is set Lxrt below. () Bfisis of AeeouTrll•g The financial statements are prepared under the historic c1 convention and iTKlude the regults ofthe operation& which are d¢scribed in the Trustre5 Retxrt ail of which are continuin& (b) Cowparntive Figure8 Cotnparalive f4thres AT¢ on the rttewnt of Accounts of the fharlty. (¢) Intoming Re50urees All income is credited to the Ststement of Finla1 Activities on the ller date of when they are received ty when they r¢c¢ivabl¢. (d) R¢rtrleted R¢5tri¢tVAI funds are to be used for specific purtTh¢5 &8 spccified wtthin the objects of the Charity. ExpendT¢Ufe, which meets these eritrrt4 will identified th¢ filrf tO8¢th¢r with a fair allocation of maTragement and supp)rt ¢05ts. (t) Unrestricted Fujds Unrestr1Cd funds are d(matiODS 8nd other inc¥)rnts r¢ceived org¢n¢ratd forthe objects of the Chlty WitIKMrt further Specified ond ale availabl¢ for general fimd& (fj R8ollr Expemded Direet Charitsble Expendilure include5 all ¢xpenditure incuryed by the Charity in direct pursuit of its charitsble objectives. Governance expendilure includcs all costs not dirtttly related to the Charitsble activities and cannot bE allocated to direct chgritsbl¢ ¢xpenditure. (s) Donated Services and Gifts lp Klmd The value of donated 5eJryices and gifts in kind pm]dl Chrsit A071¢ Chur¢hlHOR} 1$ re<o8nised in the noi&S Ststcment of financial a¢tiviti¢$ and in the Balance Sheet at th¢irv8lu¢ to the charity. a5 det¢rniined by the Tr81¢¢5. in the period in which they are receivable. and where th¢ is quan¢ifiable wwj material. l. Flxed Ass¢ts Fixed assets (excluding tnvestments) are Stated Jt Lxlst IG3S aUmUlated dglatI(l. Thc ¢ost of minor lddti1 or those eostin8 below £100 are ¢apiralÉsed. Dcprxhation 15 provided at rates calculated towrite offthe 51 of ¢xh asset over over their ¢5¢irnated u5efi)l eL%)nCl¢ lives. Full year depreciion is chargryl in the ywof wuisition, irres[Ve of the date of pur¢lMse and depreciation Is charged in ye4rof #et disFwI. Th¢ following rates av¢ kn b¢ used exceptwhrye the &4set is on a fmance lew whe the lower of the P¢TxxI of T¢paymcttt and the usefvl life is applied. Mu$icY41 Instrum¢nt 25% on red]ng mcthrd Fixiure5, fittings 9nd equipment 25% on Ttdu¢insb818n¢e n Computer Equipment is 25% on T¢ducin8 balance Property Improvement is IIN6 on reducing balan(*
Chrlst Aiwtolle Churth (Howe of Refy) Notes formthg orth¢ stat¢meAts for the yeartmded 31 Deu•ber20 2tr28 Totsl 2019 Totsl rithes &OITerin85 Anniv¢rsary Contribwions Thanksgiving Gift Aid TlaimS Other inrom¢ Grants 96.425 1560 425 4250 19(XJ 20.492 7.827 21J31 1357 34 134¥J6 21 J31 1.557 134W 1¥O69 Totgl Rewurc¢s Expended Cost of gerating Voluntary 2020 Totsl 20151 Printing &Ststione4y 435 435 824 4. Grantifknnation 2020 2019 3.105 1.172 3.105 &158 &876 EvaTvdelism. CruAde and CfflfereD 4377 4377 J. Cthernance C(K8ts 202e 2019 Sthries & Allowantts Seeurity System Repair5 &Mainienan VisÉtin8 Pastors TrnVelrdnSptIoteVAco)rn Elertricity & LightinW Waterl Gas Rates & Insurdnce Volunteers Alloawan¢¢ T¢le¢j¢ and f&x Prof¢&slonal fe¢s Annivers8ry Bathk chag¢5 Sundry ExnSeS Accountancy Fee D¢prcci8tion 18,(YM) I,(MJo 692 1,500 756 360 2,156 3&) 2,156 625 1186 1565 8,140 lJ78 2.186 1,810 3.735 1,668 1.350 43> 53 2.652 700 25,658 65961 8.140 l J78 627 1.769 7(Kl 23,993 627 1.769 23.993
Chrtst Apos¢oli¢ (House ofRehE¢) Taniible fixed Ats Please T¢f¢r to page I I for Tangible Fixed Scheduk 7. Debtors gDd Prepments 2020 Total 2019 Totsl D¢btors 450 450 450 450 & Credltors: fallln8 due wlthlll on¢ ye*r 2020 Trtal 2019 Total Other CreditOT5 Accrual 21.506 700 06 7(Kl 71KI 71x1 9. Credltors: Due After One Year Bank Mortgage Bank Loan Bounce Bank Loan-Llyi 14&441 14,774 35.OiX) 146.441 14.774 167.794 17.852 196315 10. Tru%¢tts Remuneratlon •nd ReiMbur5emenl of Expew5tS: The Tnte¢S did not r¢¢eive any remunern¢I in this fuw)ciai yw. 11. Related prty trawy¢tiDms Chrsil Ap)stolic Chwch-(House of Refuge) is a lo¢al br•h of ajrist Al10]IC Churth Worlwide but not consolida1 into one (ie Th¢ Headquarter) SCHEDULE OF BANK BALANCLS AIC NO BANKS Lloyds 31W-76 59266 98.663.41 61H)9-23 6(W)-23 BuSinS re9ffve alc 604V3.23 64826120 75128462 64835154 712.68 897.01 252.08 Lloyds 30-8476 78468960 6.675.90 Nationwide . Sunday School 0793 33333334 3.062.41 110363.49 10
Christ Apoltolk CILurch {Hows¢ of Refuge Notes foming gf the Iluandal stats*llts for the 31 Deeemb¢r 202• Tnglbl¢ FIAed Asjets 202 Property Property Imprnvf•ent FittAW¢ equlpmeAt COST At l January 2020 AddItiS in 1cMI Al 3] Dttemlxr 202• 482,5(Kl 2,952 13.( 223,012 5.983 71,387 769J22 14.234 71J87 DEPRECIATION At l January 2020 Char8£ in wi(Kl At 31 Dtt¢wber2QZQ 2().995 20202 61.175 84a76 la37 NET BOOK VALUE At 31 Deer 2020 181015 1714 67 At31 Decembtr 2019 18& IOJ12