CHRIST APOSTOLIC CHURCH
(HOUSE OF REFUGE)
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023
CHARITY NO:1079846

CAC (HOR) Financial Report & Accounts 2023.xlsx
Christ Apostolic Church (House of Refuge)
Financial Statements for the Year Ended 31 December 2023
Contents
Legal and Adminstrative Inforniation
Report of the Trustees
Independent examiner's report
Statement of Financial Activities
Balance Sheet
Notes forniing part of the financial statements
8-11

CAC (HORI Financial RepDrt& Accounts 2023.xlsx
Christ Apostolic Church(Hollse of Refuge)
Flnanclal Statements for the Year Ended 31 De¢ember 2023
The Trustee8 present its report and fmancial statements for the Ye￿ ended 31 December 2023.
R¢f¢r¢n¢¢ and AdmlAlstratlv¢ Informatlon
Charlty Nam¢:
Chrl8t Ap￿t011C Chur¢h (House of Refvgo
Pa8tot In Char
Pastor M.0 Adekeye - Chair
ChaTlty R•8l#trntlon Number
1079846
R¢glstered Offle¢ and
OperAtIottAI AddTei•:
Christ Apostolic Churchl Hou8e of Refuge)
IBabalola House)
Hul$e Avenue Collier Row
Romford, London, RM7 8NS
Trn•tee8:
Pa8tor M.0 Adekeye - Chair
Mr. O.A Oladu4ioye - Treasurer
Pastor J. Akanni
MT. A. Ayoola
A¢countant•:
JOFETRISE Consulting Ltd
Accountant$ &Con8ult8nts
60 Ov8J Road North
Dagenh8m
E$8ex
RMIO 9bL
Banknr*:
Lloyd8 Bank PIC
Natwest Bank PIC

IHOPI ￿nAnCIal*ep0rt&A[(￿Trt52D23￿l
Chrlst Apo$lolic Church (House of Refuge)
Finanelal Slatemellts for the YeAr Ended 31 December 2023
3. Specific activities to redu¢¢ poverty in the areas of training and mentoring of unemployed to start their own
businesses and passing job information to job seekers.
c. Grant Making PoliLies
Grants are made to other thyritable bodie& The church sUPPQrts missionary Org￿1zatIonS such as
other missions and projects within Oulsid¢ th¢ UK. 'I'he churih
also provides sUPPOrt to members of the congregation (at the dis¢r¢tion of the trusle¢s) who are in nLed.
d. Volunteers
The church is grateful for the Gommitmeni and efforts of its volunlecrs who are involved in serviGes provision.
The Church h&$ 3 volunteers who worked this year which would have cost the Church £54,000. 'fhesc voluntcers
are committed to working in various departments within the church. The church continues to dispense the SCTvice
of h¢ads of uniis and Ministers lo ensure that the best vatue 18 dcrived from the sterling efforls of the volunieer&
e. Risk Managerncnt
lThe Trusl¢es have asscssed the major riyks to which the charity is exposed. in particular those rL'laled to thL operations
and finances ofthe charity, and ar¢ satisfied Ihat systems are in place to rniligate against exposures lo the major risks.
Thc Trusl¢es &r¢ plLased lo report thut ihe Church conlinued to bc ¥uc¢¢ssful Spirilually by minisl¢ring to many peopl
in prayer and welfare. The Church has improv¢d in mcmb¢n>hip strength I￿￿ is increasingly reaching out to the
Communily. CAC (Howc ofRefuge) has engag¢d in Lommunity devLlopment in th¥ following ways..
l. Yearly seminar and LvangLlisli¥ outreach
2. From lime to time WL participate in dealing with moral issues within our communily by holding christian
event8 whLre we educate piople against gun and knife crimes.
3 We constantly 5UPPOrt people with di5abilitie.s in our communily, via monetary assistance and spiritual counseling.
During the ycar, inwme of £145,920 (£146,182 in 2022) was received as Volunt4￿ dona¢ions, The n¢1 movem¢nl
in funds for the pcriud, us shown in Ihe slatement of financial activities, for the PLriod w&8 a surplu5 of £21,899
(was a surplus of £51.586 in 2022). 'I'he value of Chrsil AposLoli¢ Churih net assets ul 3 1st December 2023
iy £ 729.458(31 st D¢¢¢mber 2022 wus £707,559).
'I'he charity aims at building on ils Current u¢hievement in eiTectively spreading the cih05, love and hope that Christian
faith offers. It also aims at building upon its currcnt errorts of community involvemenl in its bid to makL our communily
and the lurg¢r world a bLtL'r pl￿¢ for all.

C4CIHORI Flnèntlal RepM&AGeounts2023.￿s
Christ Apostolic Chureh (House of Refuge)
Finanelll StAtements for the y￿r Ended 31 December 2023
Responsibllltiu of the Trustees
The Trustces aTe responsible for preparing the Annual Report and the financial stst¢ments in accordance with
applicable law and regulations. Charity law require5 the Trustees to prepare financial stal¢ments for each finaii¢ial
year. Under ihat law the Charity law ￿qUireS Ihe Trustees to prepare finan¢ial statements for e￿h finan¢iat year
which give a true and fair vicw.
Trustees have elected lo pr¢pare the fllwicial ststements in accordance wlth United Kingdom GeneTaJly Accepted
Accounting Practice (United Kingdom Accounting Standards and appli¢able law). The financial statements are
required by law lo give a true and fair view of thc state of affairs of the Church and of the surplus or deficit of the
Church for that period. In preparing these fjnancial statements, the Trustees are required to:
• select sultable accounting policies and then apply them consistently.
make judgments and ¢stimaies that ar¢ reasonuble and pNdent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the church
will conlinue in operation.
The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any
time the financial position of the Church and enable them to ensure that the financial statements comply with the
Charities Act 1993. They are also reswnsible for safeguarding the assels of ihe Church and hence for taking
reasonable steps for the prcvention and deleGtion of frnud and other irregularities.
Indep¢ndent Examlner
The Trusic¢s appoini¢d Jofeirise Consulting Limit¢d (Ac¢ountants) as the Charity's independent examiner.
A resolution for re-appointment as independeni examiner will be proposed during the Trnstce8 meeling for the
year 2024.
This report approved by the trustces on the
£9
July 2024 and signed on its behalf by..
Pastor M.0 A(
ekeye
Tru8tee's Chairman
.A. Olftdunjoye
Church TreAsurer

CKIHOR) FIna￿Vd1 Ripurt &k¢¢unts 20th&K
Cbrist ApostolSe Chutth {House of Refuge)
Finanei41 Statements for tbt Y¢ar Ended 31 Deeember 2023
Independent Examiners Report
We havL exarnined the financial ststements. whiLh comprise the tinancial activities. the balance sheet, the related
noles and the accounling policies of Cbrist Apostolic chU￿h (House of Retuge) for the year
ended 31st December 2023.
Respeetive respoDslbilltles of trustees and independent ¢xamlD¢r
As described on page 4, trustees are responsible for the prepuration of the financial statements. It is our r¢spon-
bibility to carry out an examfftnalion uf those financial statements and to I5SUL a report b&sed on that examinativn.
Seope of ¢xAmiDatlon
We Conducted our examination in accordance with directions given by the Charity Commissioner8 undLr section 43(7Mb)
of the Charities Act 1993. An ex&minulion is limited to enquiries of the charity's perJonnel and t￿￿ytiCal and rL'view
proccdures applied to financiÉtl data and thi8 provides less assurance than an audit. WL have not perfornied an audit,
and accordingly, w¢ do not expr¢ss on audit opinion.
Ind¢pendent ex4mlner'$ sÉal¢ment
In cunnection with our examination, no matter has come to i)ur 8tL'nlion:
l. Which givcs us reasonable cause tu believe that in material respect thi requirements:
. Tv keep accounting reLords in accordance with section 41 of ihL Acl. and
'L'o prepare accounls which accord with th¢ accounting rLtords and to comply with the accuuntin8 requircmLnts of
the Act have not been met; or
2. To which in our opinion, atiention should bc drawn in order to Lnable a proper underslanding of the accounts to
be reached.
John
nesan ACAI
.. FCCA
8i8ncd and daied)
Jofctri
Acco
n5uliing l.imited
ts& Consults￿t$
60 Oval Road North
Dagenham
Jofetrise Consulting
LIMITED
60 Oval Rpad North Da8enham. Essex RMIO 9EL
Y: Q20 3759 6269, M: 0784685 3303
E". lohn@lofertrlseconsulting.com
W: www.joletriseconsuliing.corn
4.,12(4
RMIQ 9EL
CACIHOHI FlnanckilRqpJrt &Ac¢ount$ 2028Jlx¥

CA£WOflI FInMcI￿RE￿Qrta1ÉCounI1 2023.xky
Christ ApostDli¢ Cburcb (House of Refuge)
StAtement of Tr inaneial Aetii'ities(includlng Income and Expenditu￿ Account)
for the year ended 31st December 2023
2023
Unr¢slricled
2023
R¢stricted
Funds
2023
2022
TDtsI
F￿ndS
No¢¢J
Funds
Incoming R¢$ource$
Incomlng Resources from generated funds
Volwitary Income..
Tithes and Offerings
Other Incon
Grants
Tolal In¢oming resouree5
115,233
30,687
115.233
30.687
109.739
32.999
145 920
R￿ourCeS E%pendcd
Cosi of generating Voluntary funds
Grantlchoritablc Activitics
Governance Cost
7,374
50.143
66.505
7.374
50.143
66.305
564
19,983
72,756
Tot#1 Re$ourceq Expended
124 021
124,021
.Ytt Intomlnxl(Out%olngl Resour¢e$ h¢fore
other recogni$¢d %91n￿(Lo$S)
21.899
21,899
66,487
Net Mow¢mertl in Tr'unds
Reeon¢llla¢￿￿ offundy
'Ioial funds brouglLt forward
21,899
657 626
21,1199
707.559
66,487
589,486
Totsl funds ¢orrled forward
679.523
729 458
65S 973
Thc statement of finaniilll a¢tivilies include$ all gains and los¢8 in thc Yc￿. All incoming resources and r¢sourees
expended d¢rivc from ¢ontinuin8 a¢tivilies

CACIHORI FIna￿lI Rewrt&Attounts 2023.x15X
Christ Apostolic Church (Hous¢ of Refuge)
Balance Sheet as at 31 December 2023
2023
2022
Notes
Fixed Assets
Tangible
644.407
684,729
Current Asset5
Debtur&fr¢payments
Cash at bank and in hand
3.450
180,854
184 304
450
143,726
144 176
Creditors.. Amount falling due
within a yvar
700
700
Net CurreDt AssetslLiabllities
183,604
143,476
Creditors,. Amount falling due
more than a year
123,867
172,231
Net AssetslLiabilitles
704 144
655 974
Total Funds
729 458
655 973
The Balancc she¢l end ac¢ompanyin8 not¢s wa5 approved by the Board of trnstees .........
and signed on its behalf by '.
Pastor M.0 Adekeye
Tru5tees' Chalr
July,2024

CACIHORI Flrthntt￿ R•port& A￿￿ts2o23.￿&x
Christ Apostolic Church (House of Refuge)
Not# forming part of the financial statements for the year ended 31 December 2023
l. Aeeounting Polici
Th¢ finanL'ial statements have been PTepared in accordan¢e with applicable Accounling Standards in the United
Kingdom with the application of FRSSE and the Statement of Recommended Practice. "Accounting and Rewrting by
Charities" ("SORP 2000 and SORP 2005") issued by ihe Charity Commission. A summary of the principal accountin8
policies. which have been applied consistently, is set out below.
(a) BASIS of Attounting
The financial statements are prepared under the historic cost convention and include th¢ results of the Charity's
operations, which are described in the Trust¢¢s Report. all of which are continuing.
(b) ComparAtive Figures
Comparative figures are shown on the statement uf Accounts of the charity.
(c) Incoming Resourees
All Income is credited to the Slaternent of Financial Activities on the earlier date of when they are received or when
they are receivable.
(d) Restricted thnds
Restricled funds are lo be used for specifi¢ purposcs as specified within the objects of the Charity. Expenditure,
which meets these Criteri￿ will be id¢ntified to the fund, tog¢ther with a fair allocation of managcm¢nt and $llp￿rt
costs,
(e) Unrestricted Funds
Unrestricted funds arc donations and oiher incomes reccived or generated for the objects of the Charily Wlthout
further specified purpose and are availablc for gcnernl funds.
(fj Resources Expended
Direct Charitable Expendiiure includes all expenditure inCUTred by the Charity in direct pursuit of its charitable
objectives. Governance expenditure includes all costs not directly related to the Charitable activities and cannot bc
allocated to direct charithble expenditure.
{g) Donated Services and Glfts fin Kind
The value of donuted services and gifts in kind provided to Chrsit Apostolic Chur¢h(HOR) is recognised
in the notes statement of financial uctivities and in the Balance Sh¢et al their value to the charity, as deterniined
by the Trnste¢s, in the period in whi¢h they are receivable, and where the benefit 15 both quantifiable and mat¢rial.
l. Fixed Assets
Fixed assets (excluding invLStments) are stated at cost less aeKumulalcd depreciation. The cost of minor additions or
those costing below £1 00 are not Capitslised. Deprecialion is provided at rates calculated to writ¢ off the Cost of ¢a¢h
asset over over their esttmated useful economic lives.
Full yedr d¢pre¢iation is charged in the year of acquisition, irrespeciive of the date ofpurchase and no deprcciation is
charged in year of assei disposal. The following rates are to be u￿d except where the asset is on a finance lease where
the lower of the period of repayment and the useful life is applied.
Musical Inslrument 25 % on reducing balance method
Fixtures, fitlings and cquipment 25Yo on reducing balanc¢ Method
Computer Equipment is 25 /0 on reducing balance
Property Improvement is 10 % on reducing balan¢¢

C4CIHORI FlrnrKkl RepDrt &Accounts
Chris¢ Apostolie Church (House of Refug¢)
otes forming part of the fm&nciJl statements for the yeAr ended 31 Dee¢mber 2023
2. Donations llncomes
Unre.Flrlcled
Restrlcted
2023
Total
2022
Total
116,026
3,366
71$3
24,862
1.145
17,052
163.234
Tithes &Offerings
Armiversary Lontributions
Thanksgiving
Gill Aid reclaims
Other income
Grants
115,233
3,070
1,371
23,236
3,010
115.233
3.070
1.371
23,236
3.010
145 920
3. Total Resources Expended
Cost of generating VolunW funds
Unrestrlcted
Reslrlcled
2023
Total
2022
Total
Printing &Stationery
7.374
7,374
8,982
7374
8.982
2022
4. GrantlDunation
unr￿(rICted
Reslrlcted
2023
rrtal
r)onationlCiifVb¢nevolent
Evan8eli8m, Ln]8adL and Conferenccs
40,581
9,562
40,581
9,562
14,764
9,425
5. Govcman¢e Cosls
Unreslrlcled
Re51rlcled
2023
Total
2022
SalariLs & Allowanc
SeLurily System
Repairs &Maintetwice
Tr&veltTranswrtlHotellAcLomodation
Electricily & Li¥htingl Water/ G&$
Rates & Insurance
Volunleers Alloawanccs
Telephone and fax
Professional fees
Anniversary
Bank ¢hages & l.oan interest
Sundry Expenses
Accountancy Foe
Depreciation
330
1,752
592
7,336
2,810
11,700
1,149
2,692
3,878
5.029
5,767
700
22,770
330
1,752
592
7,336
2,810
11,700
1,149
2,692
3,878
5,029
5.767
700
22.770
360
3,420
764
3,091
787
11,870
1,591
2,100
5,115
795
4,342
700
26,489
CXIHORI FlnarKkol Rer(rft&AxOU￿ts 20u.xl

CAC (HORI FIThithe￿l Rew2rt&Accounts 2023.xlsx
Christ Apostolic Church (House of Refuge)
6. Tangible Fixed Assets
Please refer to page I I for Tangible Fixed Assets Schedule
7. Debtors and Prepaym¢nts
Unrestricted Restricted
2023
Tolal
2022
Totsl
tkbtors
3,450.00
3 450.00
3,450.00
3 450.00
450
450
8. Creditors: Amounts falling due witbln One year Unrulrlcted Restrlcled
2023
Total
21122
To¢al
Other Creditors
Accrual
700
700
700
700
700
700
9. Creditors: Due After One Year
Bank Mortgage
Bank Loan
Bounce Bank Loan -Llyods
103,016
103,016
103,016
8,784
27,207
172 231
20,851
123 867
10. Trustees Remuneratlon and ReimbMrs¢ment of Expenses:
The Trusteos did not receive any rernuneration in this financial year.
20,851
123 867
I l. Related Party transactions
Chrs'it Apostolic Church-{Hous¢ of Refuge) is a local branch of Christ Apostolic Church Worlwidc
but not consolidated into one (ie The Headquarter)
SCHEDULE OF BANK BALANCES
sic
AIC NO
BANKS
BALANCES
Lloyds
30-84-76
59266960
52,611.89
Natwest
60-09-23
60-09-23
60-09-23
64826120
75128462
64835154
17,817.76
897.01
252.08
Busin¢ss reserve alc
Lloyds
30-84-76
78468960
106,346.29
Lloyds
30-84-76
78468268
2,928.47
180 853.50
10

CAC(HORI Fina￿￿1 RepOTt&knwDts2l23￿￿x
Chris¢ Apostolic Cbureh (Hous¢ of R¢fug¢)
Nvtes forming part of the fillan¢ial statements for the year ended 31 December 2023
6. Tangible Flxed Asset5
2023
Fixture
Flttings&
equlpment
Freehold
Property
Property Improvement
Musical
equlpmeDt
Total
COST
Al l January 2023
Additions in period
At 31 Deeember 2023
482,500
233,780
19,774
1,215
93.659
829,713
Is
830,928
482,500
DEPRECIATION
Al l January 2023
Charge in period
Al 31 Decemb¢r 2023
77,788
9,140
2,962
76,823
163,751
93
87
NET BOOK VALUE
At 31 Deeembcr 2023
140 393
12,627
644 407
At 31 December 2022
155,992
16.836
66S.962
11