CHRIST APOSTOLIC CHURCH FOUNTAIN OF SUCCESS INTERNATIONAL FELLOWSHIP 59 EXNING ROAD LONDON 1164NE CHARITY REG. NUMBER 1099056 FINANCIAL STATEMENTS FOR THE YEAR EF4DED 31ST DECXMBER 2024
CHRIST APOSTOLIC CHURCH FUUNTAIN OF SLICCESS INTERNATIONAI, FF.I,I.OWSHIP C.ACFSIF LKGAL AND ADMINISTRATIVE INFORMATION TRUSTELS.. Pasloi. IDI.) Mose5 Oladipo Olagunju (Chairl Mi Koirde Michael Roiiba Evangelisi (Mrsl Chrisiianah M. Olagunjii Pastor Emmanuel Adetiinji Ayorinde Davies SECRETARY: Deacon (Mrl Olatomi Ararnmi CHARITY NUMBL4R: 1099056 RECISTERED OFFICF.: 59 EXNING ROAD LONDON F16 4NE BANKERS,. NA'fivESI' IIANK PLC 250 BISHI)YSGATr LONDON £C2fv14A ACCOUNTANTS: DANIF.I. FAMOK & A8SOC.IATF.8 ACCOUNTAM'S & fiNANCiAL LONSUI.TA14T NI'I'2Dfy TUI)ORLEAF FIUSINESS CENTRE 2-8 FOUNTAYNE ROAD, LON'DnN NI54QL CONTENT.. l. Trustee5' Report 2. Independent ex2miIier's Reptsrt 3. St4temenl of FiiiAneial Activities 4. Balance Sheet 5. Notes to tlie Accounts
CHRIST APOS'I'OLIC CHURCH IIOLYTAIN OF SUCCEI SS INTERNATIONAL FILLLOM'SFIIP CAcfiSIF TRUSTEI ES, REPORT ie TnlEe$ have pleasiirt in submilllA8 Ili¢ir repoTI and gc¢oiiiiis for yeareiided Jlsi Deccinkr2024. The fiiiaii¢ial siaiemenis have bt¢A prep8r¢d li) a¢cordanc¢ iviih the ac£ounlingpolicies sel out on pa8ts 4 10 5 atid ¢oinply ¥viih siaLellienlofRecoDiended Practice ISORP20191 and Ilie appli¢able l#iY. of our woi'k. ie charity i5 con51ili&edithdera CtitIlilI adopted itt Aii8usI 2002 8s artded0n 25th May 2(X)3 and ¥egisteredc118riry'TtuniEc¥ 1099056 e objectives of the charity sctoul in Ihc Con51iluliott ar¢-. lalThe futihrrancc ofihc Cliii51ian Faiili aiid Gwpel ift Unti¢d Kingdom of Gieal Brit&and Nllreland Ibl Thc Tclicfof pCr5oJ who at¢ in roi1dtti0r afhdship or distress or wlio are aged. sick 01 disabled. TheTyust ivas involved in Chr151iEin outrreaEh pmgranimes d¢sign¢d 10 increa5¢ Christian aivayernfss 8ndspre8d the gospel ofour Lori1 J¢su$ Chrisi. DeveltF ment actlvilie5 and acliievement5 tli¢ ear ThtTii151c¢s at¢ pltased 10 r¢port Ihai Ihe Chur¢h cojiiuiucd lo be siiccessfiil 5puittially, InlllT51ering many propl¢. Tli¢ ¢liurdi has iniwoved in ils Mem[sIp strength is in¢r¢#5inBly rtrdching oiit lo the cojnmiillity The churGli catried lt nilny ¢vaM8di¢al prOgranleS during th¢ fin2llcig1 yeor su¢li as tlie Victory Siiiiday 14'otship s¢rvice4 Siinday School Ilevi¢ws gnd semiiiar5 8nioNB olliers. Thcmiiiisterial It8m has p12nnedoiit aclivitids for th¢ ncxi y¢a¥ whi¢h in¢lud¢s c11511all Gatli¢riiig aiid Confrrenecs. RISK POLICY The Tiuslees have a55e5sed the major r&sks lo i¥hiLh the Chai'ity is exposed paiticularly those relaiirtg to the opei'alions and finance aud air 5at15fi¢d iV1h the risk managemeni systems in place to mitigatc lh¢ risk expoqure to the Ch8rity. PUBLIC BENEFITS REPORTINC CACFSIF donated money and Inaterial I'esouires lo other ¢hai'sties and victitns of terror allacks. These include OXFAM, Christian Aid and some cl)ur¢hes during their anniversary events and annual thanksgiving services. Review of the financial osition The net incoming resources for tlie y¢ar amoiinted io a siirplus of £14,902 (Year 2023 was a siirpliis of £14,460) aiid all of which ale allocated to unrestricted reserves of the chai'ity.
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INDEI PEI NDfi,NT fi XAMINfi R'S REI PORT TO 'I'HL'fRus'i'LLS OF CHRIST APOSTOLIC CHURCH FOUNTAIN OF SUCCESS INTERNATIONAL FELLOWSHIP CACFSJ CIIARITY NUMBEIR 1099056 FOR THE YEAR EI NDED31st DLI CEMBEIR2024 I f¢ IlieaLwiiiilsoftheTnL%t far)Earellded31st DeCtber2024.whIcl Aresetoliti paBes4 105 REI SPEcfIvE RESPONSIBILITIEI S OF THE TRUSTEES Af4D EXAMINER 11ie cliariry inistees 8rerespDnsible for tlie prepaKatioii of the accoiiiits.Tlie cliarity's inistees coider Ihal ali audii 15 nol IEquircd fDT Ibi5 ycar KGlJon 144121 of IhE Choiilies Acl 2011 Ilhe 2011 Acll and Ilial an inthJKndcnl wniinalioji 15 D¢cdcd exattl1 the 8CCOUlJts underseclioii 145 ofll]e 2011 Act. folloivthe procethres laid doivn jii the general Direciion5 givell by the Charity Comniission und¢i' section 145151 Ibl of Ihc 2011 AGI; and state ivhether parti¢ulai' Indtters hav¢ ¢ome to niy atlenlton. BASIS OF INDEPENDENT EXAMif4ER'S REPORT My exam10 ivEs carried oiil in accordance witti Ilie general Direclioiis given byt1 Charity Comniis5ion. Ali exaniinalioii incliides a review of the acCO1[ag records kept by rhe cliarily and a ¢oinparisoii of Ihe ac¢oiirtis prtMi¢d iviih Ihost rt¢osds. li also iiiclud¢s ¢onsid¢raiion of any lin%al iiems dts¢105i1r in IIK a¢coimts. atid %d(ing¢XpT83rl0nS ftom yoii 8$ Inlstees ¢on¢¢rniog y such mat18r£. 71ie procedur£s ldertakell do tPrOVi{k all Ilie EYiden¢¢thal woiild be r¢quiiEd ill an aiKiit and eolls¢qii¢nily ttoopinioii is givthi as to ivhtilier the aceoiints preseiit 8'trlle alld f&ie vtew the ryrt is litnited to those matters setouf 111 the ststement beloiy. INDEPENDENT EXAMITriER'S STATEMENT In cottne¢iion with my examination, no maiiei. has come io my aiieniion 11 iYh*ch gives Jiie reasoiiable c&iise lo believe Ihal iiiaijy tla1 respect the reqiiiteineMI5-. to keep oGcounling r¢cord5 in 4cGordanGe ivith s¢Gl¥on 130 of thr 2011 Act., and to prepare accounts iyhich accord with thc accouiiting 2TCQTd5 and Gomply accounting reqiiiremenls of the 2011 A¢1 hk)ve noi been met., or 21 10 whi unde inmyo ing shoiild be di?wn in oilei. lo enable a piM)per he accouiils to be r hed. A. FAMAKIN { Sc, FCA ) 13th October 2025 DANIEL FAMOK & ASSOCIATES ACCOLINTANTS & FINANCIAL Co'sULTANTs UNIT 209 TUDORLEI AF BUSINESS CENTRE, 2-8 FUUNTAYNE ROAD, LONDON N15 4QL
CHRIST API)ST()LII: I'HIIRC.H FOIINTAIN OF.8IICCEI SS INTLI IiNA'I IONAL F'LLLOWSHEF CACFSIF STATEI fvIEYT OF filNANCIAL ACTIVITIES FOR TIIL YLAR LI NDLD JIS'I, DLI CEMUEII 2024 Notes nrestricted Restricted Funds Total Dee-24 Total Dee-23 INCOMING RESOURCES 117toi>iiJ2g RÉsoiii'eÉsfroiiigÉiiÈR'&iédfurtd Voluntari InLume Investmeni Income Other Voliintaiy 12]COTrie lJi¢oniirtg Resoiiic¢sfiviJi Cliariiable A¢iiylll¢$ her In¢oniing Rvsoiir¢Es 25,587 25,587 21,778 Tutal 1COming Resources 25,586 25,586 21,778 RESOURCES EXPENDED Chavilable /lclivilies 10.185 10,185 7.318 Govei'nance cosls 500 500 Tgtal resoyrct5 expended 10,685 18 NE'F MOVEMENTIN f4UNDS 14,902 14,902 14,460 RECONCILIATION OF fiUNDS TotHI funds brought forward 130.349 130J49 15,889 Tot81 funds tAri'ffttd forwii. 145251 14S,251 130 J49 There were no recognised gains oi. losses for the year other than Ihose included in th¢ Stalement of Financial Activities. All incoming resources aiid resources expeiided derive from eoiilinuing activities. The notes on Pages 6 to 9 form pi)rt of Ibeso accounts.
iy ()],' %1 l{'(.'1.:.S5 2 I)7.11. 142,"IXI 1.12,25¢1 144.251 lil.: Ihlll,:.%l,:N'l'b',l) ii),: 1,1,5,251 .ill,i41i
CHRIST APOSTOLKC CHURCH FOUNTAIN OF SUCCESS INTERNATIONAL FELLOWSHIP CACFSIF NOTEI S TO THE FINANCIAL STA TEMEIYTS ¢OR TFIE YEAR IINDED 31ST DECEMBER 2024 I. ACCOUNTING POLICIES Tlie financial statem¢lll3 hav¢ b¢¢n prepared in accordance with the accoiinting ptslieies set oiit in notes to the accounts and coinply with the cl)ai'ity's goveiiiing )ciiment. the Cliarilies Aci 2011 aiid Actouniiiig and Reporting by Cbariiies.. Sthitmuii of Recommendcd PraGlice {SORVI applicable to thariiies pi'epariiig iheir accounis i a¢¢ordan¢e ivith Ihe Financial Reporting Standard applicable in the UK and Republic of Iirland IFRS 102}, issued in Octobei. 2019. 1.1 IneomiDg Resource5 Buildin Fund5 Inboine lion) donations for building are included in volunlaiy incoming resources of res(ricred funds on r¢ceipl. Voluntaj Income ITiGonie fi.um tiihis and otyerings colle£ied are included in voluntary incomiThg TesouTCt5 when Ihese are receivable. Gift Aid TaxRe 'ment Claim repayments due from HM Revenue & Customs in respect of mcrnber5' giving air included itt incoming I'csoui'ccs and re5li'icled for building funds u,hen received. Other Income These coniprises othern1iscellai]eoi iJKoine and are accounted for i th¢riOd in whieh Li is ¢niiiled. Illcome from Ch%ritable Activities These ali christian books malei'iols sold io cliurGh rnctnb¢rs and all of iYhi¢h a ncluded in unr&%tricted funds ivhen re¢¢ive(S. Investment Income Investnieiil Income ¢oMsittof lnier( received diiriJ)8 Ih¢y¢ar 80d Bccowitrd as iiiiresLriaed fllnd. c.xsh flniv statemcnt 'nie Chariry has lakBll adVlIage ofihe cx¢niplion in finanr5al REpDriing Standard No l from the requiremEnlsto pioduEe a ca51iflow Sthieiiitni on the groiittds tliAI it qualifies Rs a sm&ll charity. 1.2 Resources expended Resources expended art included in thc Siat¢ment ofFinartcial Acriviies on aCcIal bases, in¢liisiire of any valu¢ added lax IVATI Ivhich caniiol bc recovered. Certain expelldiliire 'e atii'ibutable to specific activilies and have been included Ih05e c05t categori£s.
CHRIST APOSTOLIC CHURCH FOUNTAIN OF SUCCESS INTERNATIONAL FELLOWSHIP CACFSIF TrIOTES TO THE FINANCIAL STATEMEINTS CONTIINUED FOR THC Y£1 AR EP4DLI D 31ST DLCII 2024 1.3 Tangible Fixed Assets for use by the chai'ity and Depreeiation Tangible fixed assets foi. use by the Charity al'e slated at COSt less depiEcialion. Depreciation is calculated to write off the cost less estimated residiial value of fixed assels ovei. theii. estiinated useful lives Oil the followiiig basis.. I quipnient, Fixture5 & Fittings 250/0 pcr Motor Vehicles 250/0 per annum. IlTrre5tricted Re$tricted lIre¥ll.1¢I£d Fund 2. CHARITABLE AcfIviTIES e¢- Pastoral Allowar)ces Evangelism & Ov¢15eas Mi5SIOJ)S Hoi)oraria and gifts Hall Rental, Storage and Service Charges Donations to Other Charities Members, Welfai'e, Suppoit & Benevolence Prinliiig,, Postag¢ and Siationety Travelling & Motor Expciiscs Advei'l, Publicity & Media oosls Interiiel, Webcost aiid Hosting Volunteers, & Workers, Expenses General Repairs & Renewals Depreciation of fixed assets Telephone & faxes 2,730 120 4,460 700 854 100 4,500 980 149 990 1,036 884 10,185 7,318 3. GOVERNANCE COSTS 2024 2023 Annual Returns & Service charge Accollntanoy & Independent Ex2miner'% fee ItK) 400 soo
CHRIST APOSTOLIC CIIURCIK IIOUP4T AIf41 OTr. SUCCESS INfERNATIONAL FELLOWSHIP CACFSJF NO'I'LS 'I'O'I'HL FINANCIAL STATEI MENTS CONTINUED FOR THE YEAR D 31ST DECEIWIIER 2024 4. NET MOVEMENT IN FUNDS FOR THE YfiAR 2024 2023 The Iiet movemenl in flinds for the year is stated after Depreciation of tangible fixed assets- for use by the ch Accountaiicy & Indepeiident Examiners fee 990 500 5. TRUSTELS, REI MUNERATION No Ti'ustee has had expenses Iriinburged in the ycar. There is no staff whose emoluR]en15 exceeded £60,OOCk during the year 6. TANGIBLE FIXED ASSETS 51LALE IPNJENT CONJP TER TOTAL TOTAL Lip Dec-24 Dec-23 &TRUhfEKTS &FURN]TilliE OFFI COST As At 1st Janiiai'y 2024 Additions dui'ing the yea¥ As At 31 st December 2024 2,640 380 940 3,960 2,640 380 940 3,960 3.960 DEPRECIATION As At 1st Januai'v 2024 Charge for the year As At 3 1st December 2024 660 660 95 235 990 990 95 235 Not Jlook Vallle Al Jlst Dt£eMber 2024 1,980 285 705 2,970 3,960 Nct Book VAliie Al 31st Dteember 2023 2,640 940 3,960 7. DEBTORS,. AMOUNT FALLING Duk wi'fHIN ONE 2024 2023 Security Rent Deposit
CHRIST AFOS'I'OLIC CHURCH FOUNT AIN OF SIICCESS INfElA'1'10AL Tr"ELLUWSHIP CACFSIF NQTF.8 TO THF, FINATr4CIAI, STATLML ENTS CONTINUED FOR THE YEAR ELYDED 31ST DECEMBER 2024 8. CREDITORS..AMOUNT FALLIN E ONF. YEA 2024 2023 Accnjals 500 500 9. UNRESTRICI'ED FUNDS OF TIIE CHARITY Unrestricted Fund Fund T(Jlal Dec-23 Balance at 1st Januai'y 2024 Movement in the funds for the ye. Balanc¢ al 3 Isl Ikcember 2024 130,349 14,902 14S251 115,889 14.46rJ 130,349 Buildin Funds FDd Tvtal Dee-24 10. RESTRICTED FUNDS Balance at 1st JaEiuary 2024 Movement in the funds for the year Balanc¢ at 3 1st Decetnber 2024 11. ANALYSIS OF NET ASSLTS BETWEI Ei Tr4 FUNDS Uni'estrieted Restricted li und5 unds Fuiid Total Dec-24 Tangible fixed assets 2,970 2,970 Net Current Assets 142,281 145,251 142,281 145,251