2024-12-31-accounts - Christ Apostolic Church Balm of Gilead - Healing Centre

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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 2024

CHRIST APOSTOLIC CHURCH BALM OF GILEAD - HEALING CENTRE Contents Page For the year ended 31 December 2024

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 2024

The Trustees have pleasure in presenting their report and the financial statements for the charity for the year ended 31 December 2024. 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 deficit for the year amounted to £6706, which is attributable to general reserves of the charity. Last year was a deficit of £304.

STRUCTURE, GOVERNANCE AND MANAGEMENT

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 2024

Trustees

The trustees and officers serving during the year and since the year end were as follows:

Independent examiner

Rev MRS MAY SALAMI Rev SIMEON OLADOKUN Rev PAUL O SODEKE 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

............................................................................. 02 June 2025 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 2024

I report to the trustees on my examination of the accounts of the charity for the year ended 31 December 2024.

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

02 June 2025

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CHRIST APOSTOLIC CHURCH BALM OF GILEAD - HEALING CENTRE Statement of Financial Activities For the year ended 31 December 2024

Notes Income and endowments from: Donations and legacies 2 Investments 4 Bank interest receivable Total Expenditure on: Charitable activities 5/6 Evangelism Total Net expenditure Reconciliation of funds Total funds brought forward Total funds carried forward	Unrestricted funds £ 215,901 913 216,814 (223,520) (223,520) (6,706) 491,701 484,995	2023 £ 203,007 457
		203,464
		(203,768)
		(203,768)
		(304) 492,005
		491,701

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CHRIST APOSTOLIC CHURCH BALM OF GILEAD - HEALING CENTRE Statement of Financial Position As at 31 December 2024

Notes Fixed assets Tangible assets 9 Current assets 10 Debtors Cash at bank and in hand Creditors: amounts falling due within one year 11 Net current assets Total assets less current liabilities Net assets The funds of the charity Unrestricted income funds 12 Total funds	£ 2024 455,342 455,342 12,120 67,814 79,934 (50,281) 29,653 484,995 484,995 484,995 484,995	£ 2023 469,697
		469,697
		17,120 52,861
		69,981
		(47,977) 22,004
		491,701
		491,701
		491,701
		491,701

The financial statements were approved and authorised for issue by the Board and signed on its behalf by:

Rev SIMEON OLADOKUN Trustee

02 June 2025

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CHRIST APOSTOLIC CHURCH BALM OF GILEAD - HEALING CENTRE Notes to the Financial Statements

For the year ended 31 December 2024

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	2024 £ 215,901 215,901 2024 £ 913 913	2023 £ 203,007
		203,007
		2023 £ 457
		457

4. 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 2024

5. Costs of charitable activities by fund type

Unrestricted funds Evangelism osts of charitable activities by activity type Activities undertaken directly Evangelism taff costs and emoluments Total staff costs for the year ended 31 December 2024 were: Salaries and wages Social security costs Pension costs SENIOR PASTOR AND ADMIN OFFICER	2024 £ 223,520 2024 £ 223,520 2024 £ 86,812 3,737 1,689 92,238 2024 3 3	2023 £ 203,768 2023 £ 203,768 2023 £ 76,400 3,033 1,689
		81,122
		2023 2
		2

6. Costs of charitable activities by activity type

7. Staff costs and emoluments

8. 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 2024

9. Tangible fixed assets

	Land and	Fixtures and	Equipment &
Cost or valuation	buildings	fittings	Instruments	Total
	£	£	£	£
At 01 January 2024	651,000	32,208	137,319	820,527
Additions	-	-	1,424	1,424
At 31 December 2024	651,000	32,208	138,743	821,951
Depreciation
At 01 January 2024	207,517	19,529	123,783	350,829
Charge for year	8,870	3,170	3,740	15,780
At 31 December 2024	216,387	22,699	127,523	366,609
Net book values
At 31 December 2024	434,613	9,509	11,220	455,342
At 31 December 2023	443,483	12,679	13,536	469,698
Debtors
			2024	2023
			£	£
Amounts due within one year:
Trade debtors			12,120	12,120
Other debtors			-	5,000
			12,120	17,120

10. Debtors

11. Creditors: amounts falling due within one year

Trade creditors Other creditors Accruals and deferred income	2024 £ 19,486 26,795 4,000 50,281	2023 £ 24,320 19,707 3,950
		47,977

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CHRIST APOSTOLIC CHURCH BALM OF GILEAD - HEALING CENTRE Notes to the Financial Statements Continued

For the year ended 31 December 2024

12. Movement in funds

Unrestricted Funds

Unrestricted Funds
	Balance at	Incoming	Outgoing	Balance at
	01/01/2024	resources	resources	31/12/2024
	£	£	£	£
General
General	491,701	216,814	(223,520)	484,995
	491,701	216,814	(223,520)	484,995
Unrestricted Funds - Previous year
	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

Purpose of unrestricted Funds

General

Unrestricted funds can be used in accordance with the charitable objectives at the decision of the trustees.

13. Analysis of net assets between funds

	Tangible	Net current	Net Assets
	fixed assets	assets /
		(liabilities)
	£	£	£
Unrestricted funds
General
General	455,342	29,653	484,995
	455,342	29,653	484,995

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CHRIST APOSTOLIC CHURCH BALM OF GILEAD - HEALING CENTRE Notes to the Financial Statements Continued

For the year ended 31 December 2024

Previous year

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 Detailed Statement of Financial Activities

For the year ended 31 December 2024

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 Subscriptions & Training Fees Volunteer Expenses Software Bank Interest Accountancy Fees Professional Fees Repairs & Renewal Hire of Motor Vehicle Security, Health&Safety Advert & Media Cleaning Expenses Equipment hire Water Rates Website Total resources expended Net Expenditure	£ 2024 180,329 35,572 215,901 913 913 216,814 (30,813) (3,737) (1,689) (56,000) (15,779) - (6,965) (5,477) (7,164) (902) (1,485) (36,373) (10,970) (4,557) (4,160) - (1,658) (1,700) (746) (43) (4,000) (396) (11,291) (13,913) (972) - - (299) (242) (2,189) (223,520) (223,520) (6,706)	£ 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)

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This page does not form part of the statutory financial statements