Charity Registration Number : 1089091 ## **CHRIST APOSTOLIC CHURCH BALM OF GILEAD - HEALING CENTRE** A CHARITABLE UN-INCORPORATED ASSOCIATION FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025 ## **CHRIST APOSTOLIC CHURCH BALM OF GILEAD - HEALING CENTRE** ## **CONTENTS** FOR THE YEAR ENDED 31 DECEMBER 2025 |Legal and Administrative Information|........................................................................................|1| |---|---|---| |Independent Examiner's Report|........................................................................................|2| |Statement of Financial Activities|........................................................................................|3| |Balance Sheet|........................................................................................|4| |Notes to the Financial Statements|........................................................................................|5 - 8| ## **CHRIST APOSTOLIC CHURCH BALM OF GILEAD - HEALING CENTRE** ## **LEGAL AND ADMINISTRATIVE INFORMATION** FOR THE YEAR ENDED 31 DECEMBER 2025 **Trustees** REV. PAUL OLUTUNJI SODEKE REV. MAY SALAMI REV. SIMEON OLUDARE OLADOKUN **Charity Number** 1089091 **Registered Office** CHRIST APOSTOLIC CHURCH BALM OF GILEAD CHRISTIAN MINISTRIES INTERNATIONAL 123-125 STANSTEAD ROAD LONDON SE23 1HH **Independent Examiner** Chris Atkins Services One Limted Office C310, Access Storage Building, Unit 1, Meridian Trading Estate 20, Bugby's way London SE7 7SF Page 1 of 8 ## **CHRIST APOSTOLIC CHURCH BALM OF GILEAD - HEALING CENTRE** ## **INDEPENDENT EXAMINER'S REPORT** ## FOR THE YEAR ENDED 31 DECEMBER 2025 Independent Examiner’s Report to the Trustees of CHRIST APOSTOLIC CHURCH BALM OF GILEAD - HEALING CENTRE I report to the Charity Trustees on my examination of the accounts of the charity for the year ended 31st December 2025 which consists of the statement of financial activities, balance sheet and the related notes ## **Responsibilities and basis of report** As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act') I report in respect of my examination of the charity's accounts carried out under section 145 of the 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 Examiner's Statement** The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of the IFA I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect: - the accounting records were not kept in accordance with section 130 of the Charities Act; or the accounts did not accord with the accounting records; or - the accounts did 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. Name: **Chris Atkins Services One Limted** Date: **04 August 2025** Page 2 of 8 ## **CHRIST APOSTOLIC CHURCH BALM OF GILEAD - HEALING CENTRE** ## **STATEMENT OF FINANCIAL ACTIVITIES** FOR THE YEAR ENDED 31 DECEMBER 2025 |**Recommended categories by**
**activity**
**Notes**
**Income and endowments from:**
Donations and legacies
2
Investments
3
**Total**
**Expenditure on:**
Raising funds
4
Charitable activities
5
**Total**
**Net income/(expenditure)**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**|**Unrestricted funds**
**£**
279,161.09
595.80
**279,756.89**
75,366.44
217,116.06
**292,482.50**
**(12,725.61)**
**(12,725.61)**
484,994.55
**472,268.94**|**Total Funds 2025**
**£**
279,161.09
595.80
**279,756.89**
75,366.44
217,116.06
**292,482.50**
**(12,725.61)**
**(12,725.61)**
484,994.55
**472,268.94**|**Total Funds 2024**
**£**
215,901.00
913.00| |---|---|---|---| ||||**216,814.00**| ||||30,813.00
192,707.45| ||||**223,520.45**| ||||**(6,706.45)**| ||||**(6,706.45)**
491,701.00| ||||**484,994.55**| Page 3 of 8 ## **CHRIST APOSTOLIC CHURCH BALM OF GILEAD - HEALING CENTRE** ## **BALANCE SHEET** FOR THE YEAR ENDED 31 DECEMBER 2025 |**Recommended categories by**
**activity**
**Notes**
Fixed assets
Tangible assets
7
**Total fxed assets**
Current assets
Debtors
8
Cash at bank and in hand
9
**Total current assets**
Creditors: amounts falling due within
one year
10
Net current assets
**Total net assets**
**Funds of the Charity**
Unrestricted funds
11
Restricted funds
11
Endowment funds
11
**Total funds**|**Total Funds 2025**
**£**
446,397.19
**446,397.19**
-
44,451.65
**44,451.65**
18,579.45
25,872.20
**472,269.39**
472,268.94
-
-
**472,268.94**|**Total Funds 2024**
**£**
455,342.00
**455,342.00**
12,120.00
67,813.55
**79,933.55**
50,281.00
29,652.55| |---|---|---| |||**484,994.55**| |||484,994.55
-
-| |||**484,994.55**| The financial statements were approved by the trustees on 04 August 2026 and signed on its behalf by: **REV. SIMEON OLUDARE OLADOKUN Trustee** Date : **04 August 2026** Page 4 of 8 ## **CHRIST APOSTOLIC CHURCH BALM OF GILEAD - HEALING CENTRE** ## **NOTES TO THE FINANCIAL STATEMENTS** ## FOR THE YEAR ENDED 31 DECEMBER 2025 Charity for CHRIST APOSTOLIC CHURCH BALM OF GILEAD - Healing Centre is a Charitable Un-incorporated Association in Charity Commission for England and Wales. The registered office is CHRIST APOSTOLIC CHURCH BALM OF GILEAD CHRISTIAN MINISTRIES INTERNATIONAL, 123-125 STANSTEAD ROAD, FOREST HILL , LONDON, SE23 1HH. ## **1. Accounting Policies** The principal accounting policies adopted by the Charity, which is a public benefit entity, in the preparation of the accounts are as follows. ## **1.1 Basis of preparation** These accounts have been prepared under the historical cost convention, as modified by the inclusion of charitable properties and fixed asset investments and investment properties at valuation. These accounts have been prepared in accordance with “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) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. These accounts are presented in pounds sterling and rounded to the nearest pound. ## **1.2 Going concern** The Trustees have prepared financial projections, taking into consideration the current economic conditions and have, at the time of approving these accounts, a reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the accounts. ## **2. Income from Donations and Legacies** |**Analysis**
**Unrestricted funds**
**£**
Donation and gifts
242,501.59
Gift Aid
36,659.50
**Total**
**279,161.09**
**3. Income from Investments**
**Analysis**
**Unrestricted funds**
**£**
Interest income
595.80
**Total**
**595.80**
**4. Expenditure on Raising Funds**
**Analysis**
**Unrestricted funds**
**£**
Wages and salaries
75,366.44
**Total**
**75,366.44**
Support Costs
-
**75,366.44**|**Total funds 2025**
**£**
242,501.59
36,659.50
**279,161.09**
**Total funds 2025**
**£**
595.80
**595.80**
**Total funds 2025**
**£**
75,366.44
**75,366.44**
-
**75,366.44**|**Total funds 2024**
**£**
180,329.00
35,572.00| |---|---|---| |||**215,901.00**| |||**Total funds 2024**
**£**
913.00| |||**913.00**| |||**Total funds 2024**
**£**
30,813.00
**30,813.00**
-| |||**30,813.00**| Page 5 of 8 ## **5. Expenditure on Charitable Activities** |**Analysis**
Hire of Motor Vehicles
Employer Pension
Pension Contribution
Depreciation Charge for the Year
Volunteer Expenses
Software Subscription
Equipment Hire
Training
Honorarium
Light and Heat
Repairs and Renewal
Charitable Donations
Professional Fees
Subscription
Telephone & Internet
Welfare and Support
Travel and Motor Expenses
Employer NI
Evangelism and Mission
Website Cost
Water Rate
Security, Health & Safety
Insurance
Pastoral - Wages and Salaries
Bank charges
Printing and stationery
**Total**
Support Costs
**6. Support Costs**
**Analysis**
**Support Costs**
**Governance Costs**
Accountants fees|**Unrestricted funds**
**£**
15,403.86
1,683.27
-
15,517.75
9,169.57
890.65
-
1,485.00
1,950.00
6,872.06
4,543.52
6,905.10
2,597.70
1,691.38
5,927.16
4,638.23
2,976.22
4,507.03
60,295.38
407.38
248.98
1,304.08
6,973.65
56,000.00
208.63
919.46
**213,116.06**
4,000.00
**217,116.06**||**Total funds 2025**
**£**
15,403.86
1,683.27
-
15,517.75
9,169.57
890.65
-
1,485.00
1,950.00
6,872.06
4,543.52
6,905.10
2,597.70
1,691.38
5,927.16
4,638.23
2,976.22
4,507.03
60,295.38
407.38
248.98
1,304.08
6,973.65
56,000.00
208.63
919.46
**213,116.06**
4,000.00
**217,116.06**
**Total funds 2025**
**£**
4,000.00|**Total funds 2024**
**£**
13,913.00
-
1,689.00
15,779.00
1,700.00
746.00
299.00
-
1,485.00
5,477.00
11,291.00
10,970.00
395.00
1,658.00
7,164.00
4,160.00
4,557.00
3,737.00
36,373.00
2,189.00
243.45
972.00
6,965.00
56,000.00
43.00
902.00
**188,707.45**
4,000.00| |---|---|---|---|---| |||||**192,707.45**| |||||**Total funds 2024**
**£**
4,000.00| ||||**4,000.00**
**4,000.00**|| Page 6 of 8 |**7. Tangible Fixed Assets**
**Freehold Land &**
**Buildings**
**Fixtures &**
**Fittings**
**£**
**£**
**7.1 Cost or valuation**
At 01 January 2025
651,000.00
32,208.00
Additions
-
-
Disposals
-
-
Revaluations
-
-
Transfers
-
-
At 31 December 2025
**651,000.00**
**32,208.00**
**7.2 Depreciation and impairments**
At 01 January 2025
216,387.00
22,699.00
Charge for the year
8,692.26
2,377.25
Disposals
-
-
Revaluations
-
-
Transfers
-
-
At 31 December 2025
**225,079.26**
**25,076.25**
**7.3 Net book value**
At 01 January 2025
434,613.00
9,509.00
At 31 December 2025
**425,920.74**
**7,131.75**
**8. Debtors: Amounts falling due within one year**
**Analysis of Debtors**
Trade debtors
**Total**
**9. Cash at bank and in hand**
**Analysis**
**Total funds 2025**
**£**
Cash in hand
44,451.65
**Total**
**44,451.65**
**10. Creditors: Amounts falling due within one year**
**Analysis of Creditors**
**Total funds 2025**
**£**
Trade creditors
7,366.00
Accruals and deferred income
4,000.00
Other creditors
7,213.45
**Total**
**18,579.45**|**Freehold Land &**
**Buildings**
**£**
651,000.00
-
-
-
-|**Fixtures &**
**Fittings**
**£**
32,208.00
-
-
-
-|**Fixtures &**
**Fittings**
**£**
32,208.00
-
-
-
-|**Equipment and**
**Instruments**
**£**
138,743.00
6,572.94
-
-
-
**145,315.94**
127,523.00
4,448.24
-
-
-
**131,971.24**
11,220.00
**13,344.70**
**Total funds 2024**
**£**
12,120.00| |---|---|---|---|---| ||**651,000.00**|**32,208.00**||| ||216,387.00
8,692.26
-
-
-|22,699.00
2,377.25
-
-
-||| ||**225,079.26**|**25,076.25**||| ||434,613.00|9,509.00||| ||**425,920.74**|**7,131.75**||| |||||| |||||**12,120.00**| |||||**Total funds 2024**
**£**
67,813.55| |||||**67,813.55**| |||||**Total funds 2024**
**£**
19,486.00
4,000.00
26,795.00| |||||**50,281.00**| Page 7 of 8 ## **11. Charity funds** |**11. Charity funds**|**11. Charity funds**|||| |---|---|---|---|---| |**11.1 Details of material funds held and**||**movements during**|**the CURRENT reporting period**|| |**Fund names**|**Fund balances**
**brought forward**|**Income**|**Expenditure**|**Fund balances**
**carried forward**| ||**£**|**£**|**£**|**£**| |**Unrestricted funds**||||| |**Total**|**484,994.55**|**279,756.89**|**292,482.50**|**472,268.94**| |**11.2 Details of material funds held and**||**movements during**|**the PREVIOUS reporting**|| |**period**||||| |**Fund names**|**Fund balances**
**brought forward**|**Income**|**Expenditure**|**Fund balances**
**carried forward**| ||**£**|**£**|**£**|**£**| |**Unrestricted funds**||||| |**Total**|**491,701.00**|**216,814.00**|**223,520.45**|**484,994.55**| Page 8 of 8