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** 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 1 of 11 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 2 of 11 ## 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: 1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or 2. the accounts do not accord with those records; or 3. 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 3 of 11 ## 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**| 4 of 11 ## 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 5 of 11 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** 6 of 11 ## 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. 7 of 11 ## 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**| 8 of 11 ## 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**| 9 of 11 ## 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**| 10 of 11 ## 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)**| 11 of 11 This page does not form part of the statutory financial statements