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. l￿e9 tr. K Ayoola Mr. S. Olowoyo JOFEr￿sE Con8ultiD8 Ltd RMIO 9EL Uoyds Bank Hc cbrfStA￿to]1e ChuNh(House of Rtfugr) FIn*ne￿i St*t¢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 Decem￿r 2020 whieh have in attorthce with the StateM￿t 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 (fvuniW￿￿ed LWiati￿) and is a re8iStrfed charfty with eltsriiy registration tEumbcr 1079846 Ik M¢thod of ApN)lntn￿tyt 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¢ ry0vid￿l 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 A￿￿011¢ Churth Wthid¢ foun{￿ in Nigeri& in1928 with Headqurtets In Ibadat) Oyo Sta* Ni8eriLThe xtivitsts of the l(ul branch ho￿V¢r nrrt PolhLies and Objedives To seek the advancut*ntof Chri5ti8n reli8i¢Jn in ¥l￿tt with ￿￿hIngS tsf The Christ A￿￿$t011¢ Church Worlth¥ide To educate people in th¢ WORD of Grf to teach the of Jws chri￿ a]1 ovu the Unitel Kingdom. In addition, to help ￿ th¢ relief of Exjverty irt the w of the Worl￿ dirsxly to wr immediate memt*r& their (amilie4 members ofthe IoL*]. D*lon￿ ¥nd inWna£i￿ c(xnmuniti¢s &stxcwsion deman¢ in ¢&8h and in kio The obj¢c*iv¢s of the charity 8re: 2. Sunday Seryi 3. Pmision of wjitable att)Y￿ wh¢re Christi¥n prinLipl¢s csn be tau￿1 aThJdevdwlwithin ow COMM￿1￿ 4. weekly Bible studi¢& and 5. RaL5ing fimds throuBh m¢mkns intunajly and c￿n￿LY. It pursues these objertives by the operntion of a ChriXWI *whip (%ntsr at & facility I ai Hu)se Avenue.Colier Row Romford. IAxKkn Whe￿ all th¢ *atgd obie¢tives carrted oui ncar futute b. Artivities for Achieving obj￿IlV￿% Si8nifJeant activities that ¢))Dtributed to the a¢hiev¢m¢nt ofthese objectiveswerr. l. C4Yents oryatkized during the year ts> pl￿￿te th¢ Chri51ian faith in¢lude diStr1t￿lI0￿ of leafi￿ with chrI￿lan mewge4 s￿la1 d¢liv¢ranLf %rvi¢¢% all nisht vigil& pr8yers and c(wnselit 2. Othcr ￿lIVI1]eSt0 h¢lp roix the F¥ofile of the ch8rity in I￿] CLMnmuDity i￿luded pimi(• Moth ond Fath¢r¥ day Cel¢br￿10 Ckrlst Ap(otoli¢ Chureh (Hw* of Refuge) Finallcl•l Stalem¢Rts for the YeAr Ended JI tknber 2929 ReJpoll$ibiliti¢8 of the Tru8teeJ The Trust¢¢s resp)nsibk ftr pre￿1￿2 the Rcwt aTKlthe finat)ci81 stAtements in ac¢ord8n¢¢ with applicable law 8nd regulations. Charity law require5 the Tr￿le¢S to prepare flnancial statrments for each finwKial year. Under that law the Charity law r¢quires the Trus*es to Pry￿e financial statements foreath finawia] ye•r which 8ive atrue and fairview. Trustees have elected to prepare the fina￿la1 statements in accordw with United KIngd￿ll Genernlly Aecepted Acwunting Pradice {Uniied Kingdom A￿￿1t]n8 Standards 8Dd applithk law). The financid st*trments 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¢ P￿ventIon and d•eCtI￿ of fraud and other irregulwiiie& Indep¢ndeDt Examitter The Trustees apwjinted Jofrtrise Consuhing Limi*d (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￿￿¢1*1 Statements for the Yev Ewdtd JI Dectmbtr 2020 Inder*ndeni Examiners RcFtht We have examin￿ the fir￿￿1￿ Statem￿ which LYAntAisc the financial adiyitiw the ghrt the related rtote5 and the acwunting p)Iicie5 of Chria Ar￿￿01]C Church (Howe of Refwgel fvthe year ¢nded 31st De￿mtr￿r 2U20. Resp¢¢tlve respowlblmtles of trwstee5 kndep¢ndeNt ¢x*miner As d￿ribed on pa8¢ 4, the truS￿eS 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￿ i￿1 on thatexaminthon. Stope of ¢x•min*tlo 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 eXamin￿10n is limi*d ￿ wuiricsof the chaTitys F￿￿￿￿e1 and atta1￿1¢al and r¢vi¢w prweduKs applied to financiaj data arkd this wovides I￿$ a&surdnce thgn an authL We hthve ￿rf01m￿j an audi 8nd ￿]ng[y, we (k) not an audit q)inion. Indq)tndent examiner's 51*tememt 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 r￿lIN￿￿ts. To keep ae¢ounting record5 in with 5¢dion 41 of thc A¢ 8T¥J b To prqure #CCOLmts which acLxKd with the aCcou￿A8 record8 and to ¢￿PIY with the ￿c0)nting r4uiremMts of the Act hve not beeD mei 2. To which in ouropinkon, attentith SINN￿d be dM¥n in ￿U￿baC a ptw Unde￿ing r)f the acu)wtsto be r¢a¢hed. Joh PA..A￿A (SI￿ and dawd) Jofe Lonyjlting Limitcd Accountsnts& Consultants 60 Oval RO￿NOrth Dasenham RM109EL Chrknt Awtoiit ChuT¢h (How of R¢fttge} ststem¢ttt of Trln*nri*l Actlviikgl￿￿dlry1K¢￿ *•d Expend￿¥r*A Tthl fLllrfsbroW fco4*d 81.195 458.358 81.195 508 508 49.933 ￿91 ￿91 c*rr*d forward 49933 Chrlst A￿t01]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 cr￿ltors.. 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 AsSe￿LI*bIlI1xl 508291 51b8J91 Totsl Fumds Thc B8iance shee¢ and accomp￿y1n8t￿ 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 aw11￿1 CL￿$1￿￿, is set Lxrt below. (*) Bfisis of AeeouTrll•g The financial statements are prepared under the historic c￿1 convention and iTKlude the regults ofthe operation& which are d¢scribed in the Trustre5 Retxrt ail of which are continuin& (b) Cowparntive Figure8 Cotnparalive f4thres AT¢ on the rt*tewnt of Accounts of the fharlty. (¢) Intoming Re50urees All income is credited to the Ststement of Fin￿￿la1 Activities on the ￿ller date of when they are received ty when they r¢c¢ivabl¢. (d) R¢rtrleted R¢5tri¢tVAI funds are to be used for specific purtTh¢5 &8 spccified wtthin the objects of the Charity. ExpendT¢Ufe, which meets these eritrrt4 will identified ￿ th¢ filrf tO8¢th¢r with a fair allocation of maTragement and supp)rt ¢05ts. (t) Unrestricted Fujds Unrestr1￿Cd funds are d(matiODS 8nd other inc¥)rnts r¢ceived org¢n¢ratd forthe objects of the Ch￿lty WitIKMrt further Specified ond ale availabl¢ for general fimd& (fj R*8ollr￿ Expemded Direet Charitsble Expendilure include5 all ¢xpenditure incuryed by the Charity in direct pursuit of its charitsble objectives. Governance expendilure includcs all costs not dirtttly related to the Charitsble activities and cannot bE allocated to direct chgritsbl¢ ¢xpenditure. (s) Donated Services and Gifts lp Klmd The value of donated 5eJryices and gifts in kind pm]d￿l ￿ Chrsit A￿￿071¢ Chur¢hlHOR} 1$ re 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 A￿￿ts Please T¢f¢r to page I I for Tangible Fixed Scheduk 7. Debtors gDd Prep￿ments 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 Tn￿te¢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 Al￿10]IC Churth Worlwide but not consolida￿1 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 BuSin￿S re9ffve alc 604V3.23 64826120 75128462 64835154 712.68 897.01 252.08 Lloyds 30-8476 78468960 6.675.90 Nationwide . Sunday School 07￿93 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• T*nglbl¢ FIAed Asjets 202 Property Property Imprnvf•ent FittAW¢ equlpmeAt COST At l January 2020 AddIti￿S 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 Dee￿￿r 2020 181015 1714 67 At31 Decembtr 2019 18& IOJ12