Charity number: 1089091
CHRIST APOSTOLIC CHURCH BALM OF GILEAD - HEALING CENTRE
Report of the Trustees and Unaudited Financial Statements
For the year ended 31 December 2023
CHRIST APOSTOLIC CHURCH BALM OF GILEAD - HEALING CENTRE Contents Page For the year ended 31 December 2023
| Report of the Trustees | 1 to 2 |
|---|---|
| Independent Examiner's Report to the Trustees | 3 |
| Statement of Financial Activities | 4 |
| Statement of Financial Position | 5 |
| Notes to the Financial Statements | 6 to 10 |
| Detailed Statement of Financial Activities | 11 |
CHRIST APOSTOLIC CHURCH BALM OF GILEAD - HEALING CENTRE Report of the Trustees
For the year ended 31 December 2023
The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 31 December 2023. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objectives of the Church Faith as set out in Declaration of Trust are:
- a. The advancement of the Christian Faith in the United Kingdom or abroad.
b. The relief of persons who are in conditions of need, hardship or distress or who are aged or sick, in the United Kingdom or abroad.
-
c. The furtherance of its religious and charitable activities in accordance with its objects
-
d. The raising of funds to further its said object.
The principal activities of the church are Christian worship and involvement of various ministries and ministers of religion in propagating Christian tenets to members (and non-members) minstry at various meetings.
The Church was involved in monthly Christian outreach programmes designed to increase Christian awareness and spread the gospel of our Lord Jesus Christ.
The trustees have considered the Charity Commision's guidance on public benefit, including the guidance 'public benefit: running a charity (PB2)'.
ACHIEVEMENTS AND PERFORMANCE
Significant activities
The trustees are pleased to report that the church continued to be sucessful spiritually by ministering to many people. Our House fellowships designed to strengthen relationship bewteen members and also evangelism has grown significantly.
The church will continue to focus its activities to meet the objectivities of the charity.
FINANCIAL REVIEW
The net surplus for the year amounted to £3504.72, which is attributable to general reserves of the charity.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
REFERENCE AND ADMINISTRATIVE INFORMATION
Name of Charity CHRIST APOSTOLIC CHURCH BALM OF GILEAD - HEALING CENTRE Charity registration number 1089091 Principal address 123-125 STANSTEAD ROAD FOREST HILL LONDON SE23 1HH
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CHRIST APOSTOLIC CHURCH BALM OF GILEAD - HEALING CENTRE Report of the Trustees Continued
For the year ended 31 December 2023
Trustees
The trustees and officers serving during the year and since the year end were as follows:
Rev MRS MAY SALAMI Rev SIMEON OLADOKUN Rev PAUL O SODEKE
Independent examiner
CHRIS ATKINS SERVICES ONE LIMITED OFFICE 310, ACCESS SELF STORAGE UNIT 1, MERIDIAN TRADING ESTATE 20, BUGBY'S WAY LONDON SE7 7SF
Approved by the Board of Trustees and signed on its behalf by
............................................................................. 01 July 2024 Rev SIMEON OLADOKUN
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CHRIST APOSTOLIC CHURCH BALM OF GILEAD - HEALING CENTRE Independent Examiners Report to the Trustees
For the year ended 31 December 2023
I report to the trustees on my examination of the accounts of the charity for the year ended 31 December 2023.
Responsibilities and basis of report
As the charity trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiners statement
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
CHRIS ATKINS SERVICES ONE LIMITED OFFICE 310, ACCESS SELF STORAGE UNIT 1, MERIDIAN TRADING ESTATE 20, BUGBY'S WAY
LONDON SE7 7SF
01 July 2024
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CHRIST APOSTOLIC CHURCH BALM OF GILEAD - HEALING CENTRE Statement of Financial Activities For the year ended 31 December 2023
| Notes Income and endowments from: Donations and legacies 2 Investments 3 Bank interest receivable Total Expenditure on: Charitable activities 4/5 Evangelism Total Net expenditure Reconciliation of funds Total funds brought forward Total funds carried forward |
Unrestricted funds £ 203,007 457 203,464 (203,768) (203,768) (304) 492,005 491,701 |
2022 £ 196,242 46 |
|---|---|---|
| 196,288 | ||
| (206,357) | ||
| (206,357) | ||
| (10,069) 502,074 |
||
| 492,005 |
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CHRIST APOSTOLIC CHURCH BALM OF GILEAD - HEALING CENTRE Statement of Financial Position As at 31 December 2023
| Notes Fixed assets Tangible assets 8 Current assets 9 Debtors Cash at bank and in hand Creditors: amounts falling due within one year 10 Net current assets Total assets less current liabilities Net assets The funds of the charity Unrestricted income funds 11 Total funds |
£ 2023 469,697 469,697 17,120 52,861 69,981 (47,977) 22,004 491,701 491,701 491,701 491,701 |
£ 2022 472,624 |
|---|---|---|
| 472,624 | ||
| - 31,846 |
||
| 31,846 | ||
| (12,465) 19,381 |
||
| 492,005 | ||
| 492,005 | ||
| 492,005 | ||
| 492,005 |
The financial statements were approved and authorised for issue by the Board and signed on its behalf by:
Rev SIMEON OLADOKUN Trustee
01 July 2024
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CHRIST APOSTOLIC CHURCH BALM OF GILEAD - HEALING CENTRE Notes to the Financial Statements
For the year ended 31 December 2023
1. Accounting Policies
Basis of accounting
The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), and the Charities Act 2011.
CHRIST APOSTOLIC CHURCH BALM OF GILEAD - HEALING CENTRE meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s).
Incoming resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
Liabilities are recognised as resources expended when there is a legal or constructive obligation committing the Charity to the expenditure:
Taxation
The charity is exempt from tax on its charitable activities.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset its estimated useful life.
2. Income from donations and legacies
| Unrestricted funds Donations received nvestment income Unrestricted funds Bank interest receivable |
2023 £ 203,007 203,007 2023 £ 457 457 |
2022 £ 196,242 |
|---|---|---|
| 196,242 | ||
| 2022 £ 46 |
||
| 46 |
3. Investment income
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CHRIST APOSTOLIC CHURCH BALM OF GILEAD - HEALING CENTRE Notes to the Financial Statements Continued
For the year ended 31 December 2023
4. Costs of charitable activities by fund type
| osts of charitable activities by fund type | ||
|---|---|---|
| 2023 | 2022 | |
| £ | £ | |
| Unrestricted funds | ||
| Evangelism | 203,768 | 206,357 |
| osts of charitable activities by activity type | ||
| 2023 | 2022 | |
| £ | £ | |
| Activities undertaken directly | ||
| Evangelism | 203,768 | 206,357 |
| taff costs and emoluments | ||
| Total staff costs for the year ended 31 December 2023 were: | ||
| 2023 | 2022 | |
| £ | £ | |
| Salaries and wages | 76,400 | 76,400 |
| Social security costs | 3,033 | 4,466 |
| Pension costs | 1,689 | 1,689 |
| 81,122 | 82,555 | |
| 2023 | 2022 | |
| SENIOR PASTOR AND ADMIN OFFICER | 2 | 2 |
| 2 | 2 |
5. Costs of charitable activities by activity type
6. Staff costs and emoluments
7. Comparative for the Statement of Financial Activities
The comparative year values on the Statement of Financial Activites are for unrestricted funds.
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CHRIST APOSTOLIC CHURCH BALM OF GILEAD - HEALING CENTRE Notes to the Financial Statements Continued
For the year ended 31 December 2023
8. Tangible fixed assets
| Cost or valuation At 01 January 2023 Additions At 31 December 2023 Depreciation At 01 January 2023 Charge for year At 31 December 2023 Net book values At 31 December 2023 At 31 December 2022 |
Land and buildings £ 650,999 - 650,999 198,466 9,051 207,517 443,482 452,533 |
Fixtures and fittings £ 20,083 12,125 32,208 15,303 4,226 19,529 12,679 4,780 |
Equipment & Instruments £ 134,581 2,738 137,319 119,271 4,512 123,783 13,536 15,310 |
Total £ 805,663 14,863 |
|---|---|---|---|---|
| 820,526 | ||||
| 333,040 17,789 |
||||
| 350,829 | ||||
| 469,697 | ||||
| 472,623 |
9. Debtors
| Amounts due within one year: Trade debtors Other debtors |
2023 2022 £ £ 12,120 - 5,000 - 17,120 - |
|---|---|
10. Creditors: amounts falling due within one year
| Trade creditors Other creditors Accruals and deferred income |
2023 £ 24,320 19,707 3,950 47,977 |
2022 £ - 8,615 3,850 |
|---|---|---|
| 12,465 |
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CHRIST APOSTOLIC CHURCH BALM OF GILEAD - HEALING CENTRE Notes to the Financial Statements Continued
For the year ended 31 December 2023
11. Movement in funds
Unrestricted Funds
| Unrestricted Funds | ||||
|---|---|---|---|---|
| Balance at | Incoming | Outgoing | Balance at | |
| 01/01/2023 | resources | resources | 31/12/2023 | |
| £ | £ | £ | £ | |
| General | ||||
| General | 492,005 | 203,464 | (203,768) | 491,701 |
| 492,005 | 203,464 | (203,768) | 491,701 | |
| Unrestricted Funds - Previous year | ||||
| Balance at | Incoming | Outgoing | Balance at | |
| 01/01/2022 | resources | resources | 31/12/2022 | |
| £ | £ | £ | £ | |
| General | ||||
| General | 502,074 | 196,288 | (206,357) | 492,005 |
| 502,074 | 196,288 | (206,357) | 492,005 |
Purpose of unrestricted Funds
General
Unrestricted funds can be used in accordance with the charitable objectives at the decision of the trustees.
12. Analysis of net assets between funds
| Unrestricted funds General General |
Tangible fixed assets Net current assets / (liabilities) Net Assets £ £ £ 469,697 22,004 491,701 |
|---|---|
| 469,697 22,004 491,701 |
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CHRIST APOSTOLIC CHURCH BALM OF GILEAD - HEALING CENTRE Notes to the Financial Statements Continued
For the year ended 31 December 2023
Previous year
| Tangible | Net current | Net Assets | |
|---|---|---|---|
| fixed assets | assets / | ||
| (liabilities) | |||
| £ | £ | £ | |
| Unrestricted funds | |||
| General | |||
| General | 472,624 | 19,381 | 492,005 |
| 472,624 | 19,381 | 492,005 |
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CHRIST APOSTOLIC CHURCH BALM OF GILEAD - HEALING CENTRE Detailed Statement of Financial Activities
For the year ended 31 December 2023
| INCOME AND ENDOWMENT Donations and legacies Donations Gift Aid Investments Bank interest receivable Total incoming resources EXPENDITURE Charitable activities Staff costs - wages & salaries Staff costs - social security costs Staff costs - pension contributions Pastoral - wages & salaries Depreciation - owned assets Rates & Water Insurance Light & Heat Telephone Postage & Stationery Honorarium Evangelism & MIssions Donation to Charities Travel & Motor Expenses Benevolence, Welfare & Support Books, Tapes & Materials Lease Rentals Subscriptions & Training Fees Volunteer Expenses Software Bank Interest Accountancy Fees Av.Equip Lease Rental Professional Fees Repairs & Renewal Hire of Motor Vehicle Security, Health&Safety Advert & Media Cleaning Expenses Total resources expended Net Expenditure |
£ 2023 171,931 31,076 203,007 457 457 203,464 (20,400) (3,033) (1,689) (56,000) (17,789) (312) (6,331) (9,272) (6,399) (532) (2,250) (41,983) (1,671) (4,499) (600) (270) - (2,116) (1,100) (473) (35) (3,950) - (4,199) (4,916) (12,851) (865) (110) (123) (203,768) (203,768) (304) |
£ 2022 162,053 34,189 |
|---|---|---|
| 196,242 46 |
||
| 46 | ||
| 196,288 (20,400) (4,466) (1,689) (56,000) (15,932) (332) (6,038) (5,961) (4,896) (60) (3,085) (28,079) (750) (4,371) (881) - (6,890) (3,450) (800) (219) (35) (3,850) (4,856) (40) (24,073) (6,891) (2,313) - - |
||
| (206,357) | ||
| (206,357) | ||
| (10,069) |
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This page does not form part of the statutory financial statements