CHRIST APOSTOLIC CHURCH (HOUSE OF REFUGE) REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 CHARITY NO:1079846
CAC IHORI Financial Report & Accounts 2025 Christ Apostolic Church (House of Refuge) Financial Statements for the Year Ended 31 December 2025 Contents Legal and Adminstrative Inforniation Report of the TnteeS Independent examiner's report Statement of Financial Activities Balance Sheet Notes forniing part of the financial ststements 8-11
CICIKIRI FI( ReOOrt&A(£ts2o25 Christ Apostolic Churcb(Hou5e of Refuge) Fl#•nelAi Stotement# for the Ended 31 Deetlber 202S The Trnstee5 Pe11t itj rcport Ènd ftoÈncial statement8 for the year ended 31 December 2025. Putor Its Charye Pa M.0 Adekrye . Chair Rt#tsttred Offi¢e and OperAtloNal Adthm. C18t Ap)tstok Churchl Hou&e ofRefuBel IEab810]a House) Hulse Avenue Collier Row Romford. London. RM7 8NT PB&or M.0 Adekeye . Chair Mr. L Ayoola Elder/Dr George B Dada JOFEIRtSE cott$tIng IAd Aecountants &Consult#nts 60 Ov81 Road North Da8enham RIIIO 9E Uoyds Bank Pic Nahyest Bank Flc
ChJ4tAptsthlk urelloW ofR¢fw) FIn¢111 StttrAeDtsfoT tht YeaT EDdtd 31 D¢¢tthbtr 2025 ¢nded 31st Dtcanb¢r 2025 whidk ba beeLwepard itt¥&xdrtt with th¢ of Re¢<ffjunath Practict. Str#¢ . Cowtltutio b. met1d of Appolntrnentor Eltttwn of Tr¥ste t¢rnJs of th¢ d¢eds alldthe skill5 that th¢y wi]] cithb0. lThey kyovidedwith ¢q)ics ofthc Charity e. PolicltsAdopt&l fortht TniDiDpofTTWttos Orgllts•tlonAI Struttsrn and De¢15ioD MklE Church istllW8 bytheP8try inLar8e. Rtlgted Party Rthtlonsbl Cbrsit Arrf)stoJi¢ Chwch.IHou ofR¢fu8e) ts bnttch of ¢JhTiSLAtAwIKThurchW(fidwith withthehEadquarws Cknurc . Poli¢ics attdobieai To ¢auL¥tepwl¢ inthe WORD of teachthekwThlcd8e of Jesus ThTiSt au ovcrthc Ullittd KiDgdouL Ill additio tohejp ID the re]iefolFwty inall ther of Kld". duecitywour ithttdiatr meths, their Th¢ obje¢tivBs ofthe ckntty we.. 2. Sunday kni¢¢ 4. weekly Btble smdi4 8Dd 5. Raiswg fithds intttmlty •nduLuy. the staled (A)jeaL5 wa] b¢ ¢arriedout irLDr4r
Cbrf8t Ap05toli¢Cburth (Howe ofRefy¢l FIMDelAI Sl•t¢muts for thi Yo4rE•J¢d 311)ecembtr21125 ¢. Ckznl Poli¢i¢y othermis8ions alld projtttswrythin S] 0S1&th¢uL The chutrb 50 pro%ith5 SuPPtt0 ]lleJllber5 of tr¢ cw8te8ati(4tthe ¢Jis(mimof th¢In#s) teinovd Tr Cbur¢& bas 3 volutsteus this yle11]dhav¢ c the Chtst¢h£54.(kn). Th¢ volulltr hieverneDts #d rform8 Tr Trusitts are plus¢d to leWtththcaIW(trIr(1JllOed tob¢ Sw¢%Spi1]byIn1Xrnllllyp inpr&F Blld weifore. Th¢ Chwh b&$ njwved iojwllbtt5knp sttrD8th is I¢&$1n81Y TellchtDS(Xrt ¢otb¢ C4)111]lllllLity. CAC (Houseof Kefvgel hastW8ed fotiowiti8ways.' l. yly semiw artd Evawli#i¢ (xrtreaL Lts wb¢y¢ w¢ edEep>l¢ as415¢) Aodknife 4. The ¢hut¢bpw¢hasedtrbui1di 147 Pa¢r5fid RM3 9XB [(Ytraditi8 XtViliC5 in 2024. at c%)mpletion was £412,026 a Finacial covoallts of trdithD&a c45b of £21Jl anDU8lly Reviewof T aDd P tkniDgthe ye, itt¢om¢ of £16S407 {£167,t94 ID 2024)IA%re¢eÉd as voiw dti(. Th¢rtnM)vetry¢Dt forthe a5 5b01 ststumof 1¥1114 WKNI aswilus of £29,710 (was a SUTplw of £52.024 ill24). Ib¢vaJueof Cbtsit Apc6tsliG ]kx8ssets M315tDxKtth 2025 is£811,192131st fkctJllber2024 wos £781.482 f r Futore develo 8ttd th¢ larEvworid HbEttctplace fw •lL
Christ AWik ChUr¢IOe of Re(tI Flpall¢l41 Slxtemtrtts for the Yur End¢d31 Drccmbtr 2025 ChtistApostokn¢ CILur¢b (TrI0e of Refvgt}pr¢s1ts1r rqm Fill1] Ststrllthts fw thc year eDd¢d 3151 Decunbrr 2025 whi¢b hov¢ b¢¢n prqbATEd iti xtsxdattce SthtrmEwofR¢cthjFr$x1c¢. -AOUnt]D8 and R¢w1ll)g by Ch8Ti¢i¢s- iss] iLJattwy 2015 (The FRSSEI. ture Goverte and M emtnt CoDBtltutloD Tchurch i% conimt¢d undeT a governLn8¢JrwI #lld ts a charity with ¢b8rityrgity8tiOL llumt¢r 1079846 b. Method of Appoinfm¢ttt tyrElttlioD rfTrn51t The mageM¢T ofthe is resp(wiblltv oftheTnLstrC5O a[¢dty1 LXW uftthr th¢ l¢mJs ofthe deeds aDd th¢ ska]s that Ih¢y wiu aTC copi¢5 of the CTrattty c(yMml0tt,S 8oidartt toIne¢S and ¥¢D AD tr1(t0 the xiviri¢5 ofthe by theexwb)•Td e. Poll¢lts Adopted forlkt Ittdothou TTAIDly ofTrK¥ttts Existing Iru51ccs 8r¢promd with trathLLg as d. OryAniwII Strntthre Bd Déttsioo Vgkl Chh by the Pa510r illGbatge. e. Related Pirty Reltiowbips Chtsii Apoo[l¢ CtThwch-(House of R¢fiJ8e) ts * bran¢b ofTh¥ist Apostoii¢ Cbwch WoTldwry(k forndcd ID Ni8eria ill1928 withHeadqurters itl (badan Oy4) Stste Nigc¥ia.Th¢4thviii&%of th l(ul bm¢h hOrver( with th¢h¢•Jquarter5 Churth and.4ctiFiti¢8 Policies alld Objeciiv¢s To se& the advaucEI0rCbF1s1Ian [110 th Yon{ ryth trachior The CTrtistAEx)swli¢ Church WoAdwidt ToeduExte ]xopl¢ in th¢ WORDof to trachthekAowkdg¢ oKJesus ChrisiatioverthE Ullited KiJiBdorn. ltt NddiiiofL io belp illthe Of[ illall th¢parts of the wi)Ad,. dir¢dlytO (MLT i[DUth"¢ their The obje¢tives ofthe£harity we." 2. Sunday seiLy 4. week]y Bible 5tudie5. and It rAJ5ues th¢s¢ obj¢uivesbytlK opuaiion of a Cbtistiart W$bip ILa fySity at Huls¢ Av¢llue,Coiier Row Romfrf L(XL&)n b. Artiviti fry Athi¢vuJgObJ"w¢Th Si]rIcant lvitIeS tbai ¢ootnThuttd a¢hi¢v¢tD¢lllof these rt*jeuiVwe." l. Events organi7£d dwing the yearto wmx¢trChTiStiatt fanh illclude iknsttib1Ollor leadrts with Cbri5ti Ffythets dAyi%kkntiotis.
Chtlst Apx8toU¢ Cbur¢h (How¢ ofRefuge) Flu¢111 Stattmeuts forthe YMrEDded 31 Dttembtt 2025 3. Spe£ifL¢ actLVitits iortduce p)Vttty UL th¢ aJt&s of tt¥initigalld titrt(Kill8of wryWtosrantheir¢)wi bu5llW¢s Hnd pa55illgJ( 2llfoTtBaDollto job5cekt. c. Gtsnt Policies other DJi%sions attd wTrj¢¢ts withitiattd Outside thc The ¢hutth alsoprovides support ÉO Dxmbers ofthe L%)fr8re8aliL (althed#l0f tt¢ ¢nw¢ts) itt tw¢ Volunte¢ The chuTch is h]I foT the c(XwDit[DE4lld eATms ocits irLvo2¥d irLS¢ic¢s PfQTrTr5iQD. Th¢ Churth has 3 volwrtfU5 wkn wvrkrd thks yraTFdLidJ Church £54.1. volwrtCN5 ofheadsof UDits and tDeD5UTe that1he&S1 value is dertyed stcrfiDgelysOr volwrteas. ¢. Risk M9na8em¢nt TheTrustres bave sessedthe]aJ0rsk1 10 L¢b ttLarity ise%TX)gl ÉTh llar}$ere18j tothe010Th1 nd fmances of cbariry. 4nd 8r¢ 5arisfwithd 5)yuns ar¢ illpla(x w tDitigatr agMJDSt wth¢ D)ajor rLSk5. A¢hlevements rformxKce The Tru5tee5 are ple3SEd to Teport that the Church CmtimtobeSucetS$fvl spiriDJally to many peopk in prnyer aDd wrlfgr¢. The h&5 imtKoved M TbeIp aDd is DKre&5]D8lychLDgtsUt the ¢0]nullI(Y. CAC (Hous¢ of R¢fu8¢1 bas * iti ¢•MmltydCvclo•iti the foiioMD8ways'. l Yearly semujar 2nd Evan8e]istic outreacb 4. The churehpurchtsed the buiidm8 &t 147 PetefidAV¢D. RM3 9XB f(KTrr trJing a¢Mtie5 in 2024. The ¢ at cowletionwas £412JI26 with a Full Cove) ofb)IdiD8awh resuvesof£212yJ aDnually R¢vi¢w of Tr aaio FiDaDcl Positsorl the year. me4)DJe of £165A071£167,194 ill2024)V$Tttt1d L% vol ¢knatiC¢LS. Th¢nc¢moNrm¢t ill fuDds foT thewo4 as ill the $ts*oJwof financial activiiies. for& period a su[pl of £29,710 {was a surplus of £52.024 itt 20241. Theva]ueof Cbr5it Awlic cl a55cts at 315t 2025 is £811,192131si Lkc4nb¢r2024 £781,482). foT Fulre The ¢haritv Bims at Oll its cmt a¢hitrtmeth ifLtff¢thith spr¢wJingtrK love andh(ye Ib&Cbristi8tt aDdtb¢ ]arB¢r world a better platt for Ell.
Chri$t Apostoli¢ Clurth (Hous¢of Ref¥ge) FIDnebl Ststements for the Ye¥rE&de4131 Dtsymber 2025 ReJpowibilltltJ of th¢ Trwtees applicable law andT¢8U]Ètions. ChaTKty law reqUis Trustff5 kn PrttAre fm&ncKal statrtnellts for ea¢h fllLqnCi81 whicb 8ivc atnK atsd fair vi¢w. TrustCES hav¢ ¢leckd to tKepgre the ststetnetlts itiaccor withUtLitrd KiDgdom Gell¢rnlly Aceepted Accounting PrActiLf (Uttited KitLgdomAc¢(yJlltiDgStardaTth and arolicabk law). Tr fwallcial sthtem¢nts #Te uitcd by law giv¢ o and foir viewofthE 5tatrof affil of thc ChurGh attd of swpIs0[ d¢fi¢il of the . make judgnLertts al¢s)aL thatare reawjnabkattd rKuLkDL" will till¢ ill opetaiL The resp)nsible fwkcep7ngprrwtingd$ thatdi%kLS¢ with )ll&ble aCCUTW at aoy time the f]Dattcsal Fositioll of the ChuT¢h and enabk themto ¢Dwre thal tk fJthKial Slat¢[tllts (¥mply withthe Charities Act 1993. Thcy 4T¢ also restx)nsibk for safwtsydi ofthc Church 8nd fortskiDg lttdepend¢Dt ExmiD¢r yw 2026. st Thi5 T¢IK>rt HptYoNEdby th¢ .31 . Ju]y2026 aDd $iRdOn itslbairty. Past M.0 Adekeye Trns¢¢'s Chim#tt Mr. OA Old#fjjoye Cb•r¢hTrt45Wrtr
ChTi8t Awstolit Churtb IHous of R¢thg¢} FI11 S¢•¢¢m¢nts for thtYer Ebthd 31 Det¢Mber202S 3nd the acc0uotiD8PO]KOr Cbri5t APt01 IHweof Refvge) frrthE etsdl 31stDxeJlltxr 21r25. Respettlve Yesponslbllltlu of trry5te¢¥•ud As &5cribed pa8e 4. the tnwees are respxLSiThie the of th fmaDciai swe]ne4ts. Ttis owre5tx)n. S¢op¢ of UHmiDatsJ of tbe aritiES Acl 1993. An is ]imited lO¢sor th charit$ pus1 aDd anAfytical alld Teview Pr¢d¢S app]icd fiDancia] dathwithi5 provi&5 kn a5surw alldiL Web& wt [*rfornl att avdiL Itsdtptmdent ¢xawlD¢rf¥ •To keep accouDtiDB Tec(Kd5 th aecord8nCtMryth s11047 of thtAci 9j Jokn {s18rdd¢d) CwsulDDg LiDJited AcwuD13llts& Cwujtants 60 (knIRod Nthth RM109EL
ChrlytApostolit ChRrtklHow ofRtt•v) ststementofFiDvll Aed%'ldrfJLdMdirf Io¢dE4)eOl1uYeArtOtl (or Ibeyear ended 31 DttembEr 2025 2425 Tot1 2024 Tot1 Fw Regource5 Re50Tte5 from ?t#eY•ted VOhmtsryIna.' 107.675 38.893 18.839 107.675 38.893 18.839 31.472 167 194 TotAI 762 30282 84,126 CL%tof gamtingVolunt¥ryfur GThndChgntslde Athivities 1216 94 87387 1316 4A594 87.887 IIS170 Totml N¢t Intomligl(thryoint) R¢t berore other gi1$111Am) 29.710 52.024 29.710 Nrt Movewt h FdI RecOll¢lltioN of fvDd5 29.710 731 29,710 781 482 52.024 49 TotAI ¢rfi¢d forwwd 761
Cbrtsi Apostollc Churtb (Howe ofR¢fw) lance Sheet as at 31 December 2025 2025 20 ed Assets Tan8ible 1.037,923 1,049.123 1,850 39.843 Cash at bank and in hand 48.883 CrediroTS'. Amount fallin% th thin &year N¢t Current AssetslU*bllltlts 47.983 40.793 Creditors.. knount falliDg due mor¢thatt ayear 274,714 308.434 811,192 781.482 T•)tsl Fwids 811.192 78IA82 and signed on its behalf by: Pastor M.0 Adekeye TrDstees' Cbxir
Chrijt Apo$tollE chUb (Ho• ofR¢fwl No¢¢$ formlBg of ibe Iltsudalststements for Ikeyurthdtd 31 Detember 2025 l. Ae<ountin8 Politks The fInal8) stateJlletLts have Imi PTrpaTrd in ACtord8lltt applic4bk A[wisdS[ls ID the United King(k)m wryth thc appIltion of FRSSE and Ststemeth olRetomM¢]edPractif4"A¢¢thLWiti8 and RetIng by ChaTiti¢< I"SORP 21M and SORP 2Wf) Ltyj by th¢ Cknity Commith A swnmary ofthcpincll acmtitig lici¢4 whi¢h hay¢ appli111515(rll¢1Y. is sd outi%knv. () B5 of Accoutttittg {bl ComprxiiYe Figpjru Comparative fyr¢8 art shown on th¢ $tateJ#t#tof ofthe eh•ity. (c) Ineoming R¢sOUrtts th¢y ar¢ 1Vab. Id) Rtstritttd Rcstricted fimds Are w be for specific pury4J8¢s &8 $ird [n ¢h20bjetts ofts Charity. Exr¢tKlitu {e} Unr¢strxted FuAds fwther S]rd purp)8e alldaT¢ iVAitdble for8ew f 10 Re50Mrc¢s Expended Dtreci ChaEitsbl¢ ExpeDdiiwe tilclth all eXrdIty inrnvred by the awityindittpwsuitof ¢h#ritble allo¢ated to dired dwÈt&bk ¢weDditure. {g) l)onxttd Servitej •nd Glftq in Kind ill trÈ tlots state]Or rum)[¥¢¢1v1ts¢s and in the Ba]anc¢ Shett ot theirYd to the ch8rity. AS deterrni by the Truw inth£ Friod iti h1¢ Iky arE tel¥abl aDdkn islth quantifkabk tiwesi l. Fixed Assets those c05tiD8 b¢low £100 ar¢ not caPitsli tkw¢¢iati(XJ i8 provid¢d¥tThtes ealculgtsjto offthe costof 2kch th¢ loww of th¢ Fritrj of ry)Irt altI us¢fth ]ife i% *MTrlie Fixtiw• rrtknngs equiprnellt 25%otk r¢th]C Ixlfnctll Cmputer Equipment is 25%on Tthing
Christ A[¢ ChMr¢h (Houx •f Iltf4gtl NotrsfornlDg PArt of the IIDwtsi thtewtsf•r th¢ ymr ¢mded 31 D¢¢twber 2025 2. J)otttlofjs from tkntltabk •cti¥ltks 2025 Totsl 2024 Tof¥l Titt &Offeriti8S 107.675 107.675 132.of Th*)ksgiv¥Dg GiftAidTertsti 2,771 26252 9,870 1771 26,252 9.870 3.450 26.188 1.834 2IDM¢S fro ¢h•ritsble •¢li¥S11 18.839 16 407 18.839 165,407 167.194 3. Total Rtsourtts Expe#ded 2023 T•tsl Total 1216 1316 1216 1216 762 762 2025 2024 24.411 21183 24.411 22.183 46394 19.624 30382 2025 2024 S¢cllrity System 36KI 3.789 3279 &850 330 5.470 2,538 9.176 1634 l3J50 3283 4.730 3.789 3.279 8,850 Eicity & Wawl 14.050 1588 1,700 14.050 2J88 Pwfessiond ftts 10.426 10.426 11.798 5.084 11,666 9(M) 20.965 19,650 87J87 19.650 57367
Chrlst Apos¢ollc Church (House of Refvg¢) 6. TAngibk Flxed A55ets A¢rer10 pa8e 11 forTangible FLxed As8¢ts sdule 7. Debtors and Prepaymtnts 2024 Totsl Total Dcbtors IWS0.00 8. Cr¢dltor5: Amounts fxl]Ing dllt vAthth one year Unrestrld 2025 2024 od Creditors 9. Cr¢ditors: Du¢ After On¢ Yellr Bank Mortgage Reliance Bank Lo4n Boulltt Bank Lo8n.Llyod5 28,657 240.642 5,416 274.714 28.657 240,642 5.416 274.714 51.878 243,778 12,778 308.434 10. Trustees Rtwwieration and Reimbllrsemtnt Of Eipenw: The TnLSt¢es did not r¢ttiv¢ any reubunuation in Ihis finallyr. 11. Related p#rty trBnsAttlons Chrnit Apo&olic church4H0 of Refuge) is brntKh of Chrtsl Apostolic Churth Worfwide but ¢onsolidatrd into one (ie The He*Jqwrter) SCHEDUIE OF BANK BAIANCFS AK F40 BALAP4CES Lloyds 3176 592669fil 36,056.63 6{09.23 64826120 75128462 64835154 2.878.54 897.01 259.75 Businv4 61W23 Lloyds 3{-76 784689 6.860.44 31H4-76 78468268 1,931.03 10
chrtstAlk ChNr¢h (HoKqe of Kefuy) NoteJ forjnkng rIOr th¢ fiuatitiil stalrn¢llts forlb¢yweMd¢d 31 Dt¢obtr2025 Tank Fhed Assets 2025 Fr¢¢ko Frs)prrty knpTgvethtxt Fittittgs& equipment Toll eqMIpm¢Dt COST At l JVary 2025 Additio[ inwic At31 Dtt¢mber2(+25 894J26 246.(O2 22261 93.759 1356.608 8851 126S,059 249,402 27J72 DEPRECIATION At l January 2025 10&655 14.075 14.642 3,182 17J24 84,189 2.393 207,486 19,650 227.136 At31 D¢¢tmber 21125 NET BOOK V.4L At31 Deeemb¢r 2025 1.037.923 At 31 F)tttNb¢r2024 137 19 2025 2024 Fretknld lnd #Dd bDlldkn J26 llje chwth pwchaged 147 PertUsfiÈldRM3 9XB rn ijj 2024 tr cw¢ ltcompidm £412.026. with faC"tyOf £250.0(KJ frth)) Reiiat¢ BaDk. Tr outsa pl8 inre5t ¢bar8ed for the wiod a5 at 31* 2015, £240.641.6S