CHRIST APOSTOLIC CHURCH (HOUSE OF REFUGE) REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBE'R 2024 CHARITY NO:1079846 CAC IHORI Financial Report & Accounts 2024 Christ Apostolic Church (House of Refuge) Financial Statements for the Year Ended 31 December 2024 Contents Legal and Adminstrative Inforniation Report of the Trustees Independent examiner's report Statement of Financial Activities Balance Sheet Notes forming part of the financial statements 8-11 CAC (HORI Flnandal Report& Accounts 2024 Christ Apostolic Church(House of Refuge) Flnan¢lal Statements for the Y¢ar Ended 31 D¢¢¢mber 2024 The Trustee$ present its report and financial 8tatements for the year ended 3 1 December 2024. Reference and Admlnl8tsatfve Inforn￿tIO Charlty Name: Chrl8t Apo•toll¢ Chur¢h (Houv of R¢fwl PA•tor In Charge Pastor M.0 Adekeye - Chatr Charlty R•gl•trqtlon Numb•r 1079846 R¢￿tered Ofllo¢ and Op•Tatlonal Addre••: Chri¥t Apostolic Churchl Hou8e of Refuge) (Babalola Hougel Hulse Avenue Colller Row Romford, L4)ndon, RM7 8NT Tn￿t•0•. Pastor M.0 Adekeye . Ch8Jr Mr. O.A Oladunjoye - Trea8urer Pastor J. Akanni Mr. A. Ayoola Elder/Dr George B Dada Mr steve O Alake A¢¢ountAnt•: JOFETRISE Con8ultln8 Ltd Accountant8 &Consultant8 60 OvAi Road North Dagenham Es8ex RMIO gEL BAnker•: Lloyd8 BAnk PIC Natwe8t Bank Ple ReI1￿,1ce Bank CAC¢￿)RI fininthl knFort&Ac¢ount5J)24 Chrfst Apostolic Chureh(House of Refuge) Flnanci&l Statements for the YeAr Ended 31 December 2024 Cltrist Apostoli¢ Cliurch (House of Refttge) pre$¢nt their report and Financial Statein¢nts for thc y¢ar ended 31st Decei#bcr 2024 which have becn prepared in accordance with the Statement of Reconllnended Piactic¢, "AGcounliDg and R￿orting by Charities" issued in January 2015 (The FRSSE). overn nee em a. Conslltutlon The ¢hurch is constituted ui)dttr u goveri?ing document (for unicorpor4ted gssociations) and is a r¢¥i5t¢r¢d thority with ¢l)urily r¢&istration numb¢r 1079846 b, Method of Appolntment or Eleetlon of Trnste¢s Th¢ Inu]iag¢i)]¢nt of th¢ Churcli is il)e r¢spoii8ibiliy of the Tru8t¥es who are electcd aiid c(hopled uiid¢T th¥ L¢rms of th¢ deeds and thc gkills thai they will ¢oiitribut¢. 'I'l)¢y are provided wlth copies ofthe ChaTi(y Commission's guidan¢¢ to trustees 8iven an introduction to the activities of the ¢l?arity by tli¢ existing board. PolleloA Adnptttl for the Induetlon And'l'rallllng ofTryiteeB Existing trustees are provided wilh trainit)g us ai)d wheii r¢quired. d. OriAnlsAtlon#l Stru¢ture De¢l$lon M*klng The Lliiirch is Or￿￿nISed $0 that ih¢ trust¢¢g meet r¢$ulurly co its affair8. The day lu duy aibninisiralioii of th¢ LliiirLh is In4nuy¢d by the Ilastor in cliarge. ¢. Rcl#t¢d Pxrly RelAtlun.4hlp8 clir.sit Ai)05lolic CIILirch.{I.Iou.SL ofR¢fuge l 1$ A local hran¢h of Chri8t Apo.Itolic Churcl) Worldwide foundLd in Ni¥eriu in1928 with l-lepdqurter$ in Ibudun Oyo S¢at¢ NigeTj4.Th¢ ll¢(ivities ot'ih¢ local branch however not willi lh¢ headqiiart¢rs Cl)iir¢h. Ob tlv Actlvi Poli¢i¥s and 01)j¥cLives To Seek tl)¢ advai)¢¢ni¢nt of ChT15tian reli¥ion in a¢cord&nL'¢ with teachiny5 Ot'Th¥ Christ Apostolic Chur¢l) Worldwide 'I'o ¢diicot¢ pgoplL iii ihL WI)RD ofGod, io leALh tiiL kiiowl¢dgL ofJe4u8 L'l)ri%l 011 ovor Il)c Unit¢d Kingdoin. In additioi). lo hell) in ihe rcliel'ofpovcriy in all thc pnri% ofuiL wtsrld. dir¢¢tly to OLir in?mLdiatc inembcrs, thcir fllmilies, Imembers of the l¢)6lll. nativi)Ml and ii)Icrnationul ¢oininunili¢s us oc¢llsion wtsuld d¢maiid. in in kind. The obj¢6tives of the cli4rily ure.. l. I'l)¢ fiiriliLr*ii?¢c {)[ chri￿tiLant1Y #nd tlie Christioii ediLCOtioii. 2. Sunday 8Lrvicc 3. Provi4ion ul'suitablc attnospl)¢re wl)ere Christian prii)¢iple5 ¢4n lie tau81)14nd developed within OUT community w¢L.kly Bibl¥ studi¥¥, uiid 5. Raisii)g lyiids Ihrou8h mLxnbcrs iiilernally and Lxlerno11y. It pursiies tlies¢ ¢)IiJectives by tjitt operution ol. u Christ14n worship ¢¢iitre ut a fa¢ility located al Hulse AvLnuc,Coli¢r Row Romlord, l.(>iidon wher¢ all the staled objeelives will b¢ ¢arried oul in future b. A¢livities for Achieving ObjeLtiv¢s Signiticani a¢tivities that C￿ltrIbuted to the aehievement of these obje¢tive5 w¢re'. I, Events or8aniz¢d diwing th¢ y¢ar to projnote Christian faith iiiclude distribution of leaflets wilh Christi m¢ssa8es, $p¢cilll deliverance servic￿. all ni8ht Vl8ils. prayers and counselin 2. Other activities lo l)elp rais¢ the profile of the charity in the looal Community includ¢d picnics. Mother and Fathers dfty c¢lebrotions. CACIHORI FI￿￿￿11ftepQrl&At£QUnts2o24 Christ Apostoli£ Church (House of Refuge) Flnancial St*tem¢nts for the Year Ended JI Deeember 2024 3, Specific a¢tiviti¢s to reduce poverty in the ar¢a$ of training and mentoring of unemployed to start their own busin¢sses aE)d passin8 job illfonnatioii to job seekers. . Grant Making Policies Grw)ts are made to (Trther charitabl¢ bodie￿. Thc cliurch supports missionary organi￿tionS such lls other missions and projects within ai)d Outside the UK. Thc church also PTovid¢g support to memb¢rs of the congr¢gatioi) {al the dis¢retiot] of the t￿￿le¢s) who ar¢ in ne¢d. d. V()lunte¢rs The church is grateful for the commitment and ¢fforts of ils volunteers who ore involved in Se￿1¢¢5 provision. Th¢ Churcli lias 3 volui)IL¢rs who wvrked tl)iS yellT wl)i¢l) would liuv# ¢osl the ChuTbli £54,000. TIIc5¢ voILlJlteer.$ fire conimitted to worki1)8 in various d¢parLinents withiii the church. 'I'he church Conlinukn's to dispetsse ihe service of heads ol'units at)d Ministers to ensure tlitit the best vmlue 15 derived from the sterling efforts ol'the volunt¢¢r8. e. Rlsk MAno8emetti Th¢ Tn￿1¢¢¥ hov¥ usses8¢d th¢ major ri¥ks to which the ¢h8rity is exposed, in porticulor thoi&e relllted to ih¢ op¢rations lid finan￿% ot tli¥ Gl)arity, and mre s41isfied iliat Sy51¢ms Mre in pl4¢¢ lo niiti8aL# a￿lt)31 ¥xposur¢$ io tlie illajor risks, 'rhc'l'1i15lCL'S ufL pILllged 11> r¥'p(irt iliai tlil Cl)IirLli ci)ntinu¢d io be suLc¥%8ful spirilu#lly by niii)i8lLrii)g lo 1￿mIlY p¢opl¢ iii proyer ai)d weifarL. 'I'l)¥ Cl)ur¢h has impri)ved iii m¢mber81)Ip 8tr¢iigih ai)d is ii)¢r¢asiiigly r¢a¢hiii8 Out to the ¢ommiiniry. CAC (House ol'R¢tug¢) has ¢ll￿aged in ¢oniniuiiity d¢v¢lopn)ei)t in tli¢ foll¢)wing way$'. I, YLarly 4eininnT llnd f￿vIll}ge1]stI¢ oiilr¢aeh 2. 1",ron) liine Lo liihc w¢ pgrti¢ipatL 11) dcftlii)g with moral is8ii¢s williltt our coinmunlty by holdin8 chrls¢ion events wh¢r¢ wc ¢diiL41¢ peoplr #giiinsi gLll1 uiid knif¢ crini¢s. 3 WL ￿nStai]I]Y suppor¢ pL()pl¥ witl) di&ubilitic4 in nilr Lomniiiiiity. vio moi)cl#ry u59islaii¢¢ ai)d spirituul ¢aiiiiscIiiig. 4.'1'h¢ ehurch pur¢l)A8ed ihc l)uildiiig ai 147 Pelcrslicl Av¢iiuc. RM3 9XB lor hcr trading Aclvlti¢$ 2024 The cosl at Goinpl¢ii(Iii Wus £412,026 with d Fiiiuciul rtsv¢nunt5 of livlding a cpsh reyerves o1.£21,250 onnually lioi)x und fii)ttii¢i DLirii)g ilic yeAr. income of£icTr7,194 {£145.920iii 2023) WAS r¢eLived h8 volunillry donaliolls. Thc ii¢t inovemcttl in fLiiid5 tor tlie pcriod. showi) iii tl)e stlltciii¢nt of finanii41 uctivitL¢S, for tli¢ p¢rii)d wuy a 8urplub of %52,024 (wu% # %iirpliis of £21.899 in 2023). '1'1)¢ vthlLlC ofchrsit Apo4tulic Cliiuch t)et asscL8 al 3 l&t Deccmb¢r 2024 is £781,482(3 1st DeCL￿nber 2023 wag £729,458), I for Tr" tur. dev Ment Tlic charity &ini8 ai l)uildit)g oi) it8 currenl nchievetnenl iii errec(ively spreading Ihc eihos, love nnd l)opc that Chrlstian fuitl) offcr$. It also ￿lm9 at building uiion its ¢urrent el'lorts ot comniuDity invtslv¢ment, in its bid to muk¢ Our commui)ity aiid il)e I￿Tg¢1 world M b¢lt¥r plaLL. f()r ull. Uc1￿￿> REport&A¢ttsunts2024 Chyist Apo$tolie Church {Hou$e of Refuge) Fina￿e7￿1 Statemcnts for the Yeir Ended 31 Deeember 2024 Responsibilities of thc Trust¢¢s The'frugtees are regponsible for preparing the At￿u41 Report and the firtan¢iai Statem￿15 in a¢¢ordan¢¢ with pplic&bl¢ law and r¢gulations, Charity law requires the Trnstees to prepare financial statements for each finantiial yedT. Under that law the Charity law requires the I'ruslees lo pr¢pare finan¢ial strdt¢m¢nls for each financial y¢ar which give a true Und fair view. Trustees have el¢6led lo prepare the financial 8t&tements in accordAn¢e with Unil¢d Kingdom Generally Accepted A¢¥ounting Pri￿11¢e (Unit¢d Kingdoin Accounting SthndArds and applicable law), The finuncial slulements are reqiiired by lftw lo give u tru¢ and fair vi¢w of th¢ slate ofuffairs of Ihe Church And ofthe surplus or deficit of the ChurL,h tor that period. In pr¢paring the5¢ financi81 slalement4 the Trn$ie¥5 ar¢ re4ulred to.. select suithble aL¢ouiiling poliii¢s ttnd Il)eii dpply chem ¢onsiytenily* • inak¢ jLidgJn¢nis ui)d estimut¢s ihul ar¢ r¢asonubl¢ und prud¢nl' prepare Ihe finuncial slal¢menlg on th¢ 8¢)ing Lon¢¢rn ba¥is iinl¢¥s il is Inapproprlut¢ lo pre$uitte Ihat the ¢hurch will ￿ntInue in operation. The Truyl¢¢s ore reywinyible for k¢¥pit]8 proper accountlng reLords thai disclose with rea8onBble aL¢ura¢y at any lim¢ the linon¢idl position ol'ihe ch￿￿.]) and ¢ndble them lo ¢nbur¢ thut Ihe Iin#nLi81 slaltrinenls coinply with the Chthriti¢s Act 1993. '1'liey ure nlso r¢yponyibl¢ saltguurding ¢lie as¥¢lb ofihe Churbh and h¢n¢e f¢)r taking r¢Jsonable sl¢ps lor the PT¢v¢nliun lind d¢ieGtion ofirdud oilier iryesulurili¢$. Indep¢ndL'nt F.xomln¢r The 'l'ruslees yppoinled Jot¢lTise Consuliing I,iiniled {A¢¢ounlants) A5 the Charity's independent ¢xominer. A resoluliun for r¢-upwintm¢nl as independ¢nl exurnlner will be pn)posed during ihe'friistees meeting for the year 2025. I'his report WAS approved by the Iruslees on the Augu8t.2025 wid signed gn its behalf by: Pmstur M.0 Adekeye 'I'ru$tLL'S C.hwlrm#n .A. OIA(liinjoyo C.'hurch I'rc'tssurer ACINORI FknanClilRIpott&AL￿￿wTrtt2O14 Christ Aposlollc Chureh (House of Refuge) FRnAn¢lal Statements for the Year Ended 31 De¢¢mber 2024 tndependent Examiners Report We liaY¢ ¢xamined th¢ financial statthll¢nts, whicli comprise the fllwicial activities, th¢ balance sheeL the related notes and the accounting poli¢ies of Christ Aposloli¢ Church (House of Refuge) for the year ¢nd¢d 31s1 Dec￿nber 2024. Respective responslbilities of trust¢¢$ And independ¢nt exnmlner As d¢s¢ribed on page 4. Lhe t￿l￿te¢s are r¢gponsiblc for the prep8r#tioii of the fii)ancial slaiem¢nts. It is oiir respon. sibility to carry out an cxamin8tion oftho5e fin&ncial slatemei?ts and lo issue a rcport based on that examination. Seope of ¢xamlnAtlibn We eoi)ducicd i)ur exfimination in accordan¢c with directions Biv¢n by the Charity Commis4ioner8 under seelion 43(7)(b) of the Chgritl¢5 Art 1993. An ¢Xdinination is limil¢d to enquiri¢$ of the charity's personnel und an4lyti¢al and review procedures 4pplicd to fiiianeial data wid tl)ig provide5 Ic5S assuran￿ than an audit. W¢ liayo not p¢rfomi¥d un audi4 ond accordii)gly. w¢ do nol express on audit opinion. ex*min¢r'8 $tAtemtnt li) ¢oiin¥Ctioii witl) our ¥xart)ino1ioii. no i￿At1¢r liai Come lo our atLei)lion', l. Which ¥iv¢s lis r¢asonubl¢ cHus¢ lu b¢lieve tlidt in uny mal¢riul r¢$pect tl)¢ requirements.. To kcL'p acloiiiiting rccord% iii 4¢cord￿liLe willi %L¢lion 41 uf Uic ALI. tsnd 'I'o prepare account8 whieh accord witli th¢ o¢coui)tii)8 record$ ai)d io comply with the accountlnB rcquir¢mcnls of the Aci hav¢ not b¢¢n met, or 2. fo wliicli in out opinion, oltcntiot) should be dromry) in ord¢r ts cnAble o proper undeTsLAnding ofih¢ accounts to be reached. Mesllii ACAI i fC(A - {$ign¢d and dated) Jof¢triyL oiisuILiii¥ Lin)itLd A¢ww)tai?Is& Consuliat)i$ OQ Ovlll Ro#d North DaBL￿)hoM E55ex RM109EL Oate:. Jofetrise Consultiiig LIMITED 60 Oval Road North D?Eenh•m, Essex RMIQ 9EL T: 020 3759 6269, M: 078 4685 3303 E: lohn@lofertr15econsLiltln8.¢om W. www.jvfelri5econsuliin8.com CACIHORI FlMnclalRtwt&Attwnt￿1Q2¢ ¢ACtHQRI Fri￿￿￿111ftepUrt8At£￿u￿ts1O24 Christ Ap05tolie Chureh (House ofRefugel StAtement of Firtancifil Activitie￿{Int1￿di￿g Ineome 8nd Expthditure Account) for the year ended 31st Dettmber 2024 2024 Unrtslricted 2024 Restricted Fund8 2024 Total FundJ 2023 Total Fund5 Notes Incoming Re$oure¢g Infoming Rtsourt¢$ from geneythted tsnds Voluiiiory IiiLOIIie', Tithcs and oiferin85 Other li)ctsmv Trading Incoine Tol#l Incomlng re$our¢e$ 132,660 31,472 132,660 31.472 115,233 30,687 167 194 167 194 145 920 R¢i(Jur¢eJ Expend¢d Cost uf ¥¢iierutii)g V()luntary funds GTUlltICliuriithble Activities GoveriianLe Cost 762 30.282 84,126 762 30.282 84.126 7.374 50,143 66,504 Totftl Rei¢bureti Expended 11.1170 11.1 170 1241)21 Not Jn¢omlth#llOutxeJln¥l Remources befe>r¢ otlitr recn%iilyL'Il ##liiJllLviy) 52,024 52.024 21.199 Net M(wemont In Fundi 52,Q24 679 525 52.024 729 458 21,899 707 559 'I'otHI fundy brouMht forward I'otwl fundi cmrrlod fnrwArd 729 458 The 8tatement of finuncilll activities ineludeN all gainy und108¢5 in the year. All ineomin8 ￿￿ourceS and re50UWe expend¥d derive from continuin8 tictivitie8 CACIHORI FInanc￿l Ryrt&Account$2024 Chrlst Apostolie Chur¢h (Holl$¢ of Refuge) Balan¢¢ Sheet as at 31 December 2024 2024 2023 Not¢s Flxed Assets Tangible 1,049,123 644,407 Curr¢nt Assets Debtor￿Prepayrnents Cash al bank attd in hand 1,850 39.843 29.084 180.534 209618 Creditors.. Amount falling due wilhin a year 900 700 Net Current As$etslLIAbllltles 40,793 208,918 Lreditors.. Amount falling due more ihan a year 3011,434 123,867 Net AssetslLIRbllltles 781482 729 458 To¢AI Funds 781,482 729,458 Th¢ Balance yh¢d und acLompunying nol¢s wlls approved by th¢ Board of trustees ... und signLd on ils bLhulf by . Pastor M.0 Adekeye Tru$te¢sl Chalr Au8U5t.2025 CAClkh)Rl FlnBnElÈl Réwr&Atttyuhts2024 Christ Apostolie C.hureh (Hou$¢ of Refuge) Note$ forming part of the financial statemertts for the year ended 31 Deeember 2024 l. Accuunting Policie5 The fin￿¢la1 gtatements have been PTepared in accordance with applieable Accounting Standards in the United Kingdom with the application of FRSSE and the Staiernent of Recominended Praclice,"A¢¢oiinting and Rewrting by Charities" ("SORP 2000 and SORP 2005") issued by the Charity Commission. A summary of the principal accounling policies, whiLh hav¢ been applied bonsist¢ntlyJ IS S¢t out below. (#} B#¥i¥ of Ae¢ountin 'I'he financial stal¢inents are prepared linder the hisloriL co8l convention in¢lude the results of the Chwity's operutions, whiuh att desLribed in the Tr115t¢¢b R¢port. all of which ar¢ ¥vntinuing. {b) Comparntiv¢ Figur¢s CompMr*tive figmrcs Mr¢ $hown on tho gttttemcnt of Aeeounts of the charity. (e) Ineomln8 Il¥yuurctg AII iliLoine ib ¥redil¢d iu th¥ Statem¢nl of finanLial A¢tlvilies on th¢ egrlier dute of when Ih¢y qre reL¢ived or wh¢n i.h¢y are r¢¥¢ivubl¢. (d) Re$trieted fun(l¥ Ileslri¥l¢d lknndt> ar¢ 1¢) be used lor bpeLiliL purEy15¢S EIY bpe¥ifi¢d within the objeb*s ¢)f th¢ Charity. I,,xp¢ndilur¢, whi¥h Ineets thes¢ Gril¢ri8, will be idei)lifi¢d to the fund. los¢ih¢r with ll fair ullo¢alion of iknanu8ement and yiipport (L) l1n1￿.¥1rI(tld Ii'unds UnreslriLled fundb #r¢ donaiions und oiher in¢oiTJets r¥¢eived tsr 8¢D¢ral¢d for th¢ obje¢ts of th¢ Chllrity without rurtl)¢r sp¢¢ified purpubtr #nd ure avllilabl¢ for g¢neral fund8, (fj Il£¥ource¥ F.xpLhn(IL DireLI Charildble I,xp¢iidilur¢ inGlud¢s &ll exp¢ndilur¢ inLurr¢d by lh¢ Charity in dir¢¢l pur8UIt of ils ¢harilable vbjekntiv¢¥. Guv¢i'iiunL¥ ¢xp¢ndilure ii)Llud¢ts ull ¢iTryl8 not dir¢¢ily rellltsd to th¢ Charitable activities cannol. be IIoLuled io dire¢t chllrilable ¢xpendilure. (g) DonMtLd Servl£cy Glft$ In Kind 'l-h¢ vulue uf dviiul¢d 8erviLe¥ iuid L