CHARITY NO. 1107301
## **CHRIST APOSTOLIC CHURCH GOD IS LOVE**
## **REGISTERED CHARITY NO. 1107301**
## **REPORTS & ACCOUNTS FOR THE YEAR ENEDED**
**31 DECEMBER 2023**
Page 1
CHARITY NO. 1107301
## **CHRIST APOSTOLIC CHURCH**
## **GOD IS LOVE**
## **CONTENTS:**
||**PAGES**|
|---|---|
|Organisation Information|3|
|Trustees Report|4 & 5|
|Accountants Report|6|
|Income & Expenditure Statement|7|
|Balance Sheet|8 & 9|
|Notes to the Accounts|10 & 11|
Page 2
CHARITY NO. 1107301
## **CHRIST APOSTOLIC CHURCH GOD IS LOVE**
## **ORGANISATION INFORMATION**
|TRUSTEES|LADY EVANGELIST V OYEGUNLE|
|---|---|
||MR A S EWETADE|
||ADEBOLA BOLUMOLE|
||FOLAKE ADEGBOLA|
||PS. ISRAEL OYEGUNLE|
|SECRETARY|FOLAKE ADEGBOLA|
|REGISTERED OFFICE|110 WATER LANE|
||PURFLEET|
||ESSEX|
||UNITED KINGDOM|
||RM19 IGU|
|ACCOUNTANTS|EUCHRISS & CO|
||18A CHURCH STREET|
||DAGENHAM|
||RM10 9UR|
|BANKERS|NATWEST BANK PLC|
||HACKNEY BRANCH|
||20 AMHURST ROAD|
||LONDON|
||E8 1QZ|
Page 3
CHARITY NO. 1107301
## **CHRIST APOSTOLIC CHURCH GOD IS LOVE**
## **TRUSTEES REPORT**
## **The trustees present their report and the accounts for the period ended December 31, 2023**
Christ Apostolic Church (God is Love) is governed by its constitution and in any other way prescribed by the trustees in accordance with the Charity laws of the United Kingdom Trustees who served during the year are:
Lady Evangelist V Oyegunle Mr A S Ewetade Adebola Bolumole Folake Adegbola Ps Israel Oyegunle
## **Principal Activities:**
1. To be a christian church and a place of worship devoted to the advancement of the christian religion for the benefit of the public.
2. To present the good news of the gospel of Jesus Christ to those in its local community.
3. To assist, encourage and educate its members to preach the good news and to be good citizens of their community and the country at large.
4. Provide Christian educational instructions and/or training for individuals or other organisations.
5. Conduct, encourage and promote social and/or moral activities for the advancement of the christian religion.
6. Encourage, undertake and promote the writing of books and/or the production of audio and/or video materials for the furtherance of its objectives. These books and/or materials may be sold to the public as a means of raising fund for the charity.
7. Promote and encourage or sponsor christian missionary activities within and/or outside the United Kingdom insofar as these activities shall further its objectives.
8. The relief of persons who are in the conditions of hardship or distress or who are aged, sick or disabled in the United Kingdom or abroad.
9. The promotion of fulfillment of such other charitable purposes benefitial to the community.
## **Achievement and Performance:**
The Charity was involved in christian activities and programmes which enhance and create awareness of the gospel of our Lord Jesus Christ.
The Charity has benefited the public within and outside the community of its location by providing programmes such as children programs, youth outreach, marriage and marriage counselling, helping single parents, welfare programs and christian relief foundation. We strengthened the community through counselling on the important issues in the family regardless of backgroung and race.
Page 4
CHARITY NO. 1107301
## **CHRIST APOSTOLIC CHURCH GOD IS LOVE**
## **TRUSTEES REPORT CONT'D**
**Core - Activities:** Our regular activities include:
1. Sunday services by bringing the people in the community together.
2. Mid-Week Bible fellowships to enhance the knowledge of the word
3. Prayer meetings to heal the person and the land
4. Youth/Children's activities
## **Activities Undertaken During the Year**
During the year under review, the Charity continued to be involved in Christian outreach programmes designed to increase christian wareness and continued to spread the Gospel of our Lord Jesus Christ in accordance with the teachings of the Holy Spirit, strictly guided by the Tenets and practice of the Christ Apostolic Church of One Fold, One Shepherd. The result of the activities of the Charity for the year are set out in the Financial Statements on pages 7 - 9
The Charity also organised cloths banks and feeding programs during the year to cater for the less priviledged in the society.
## **Approval:**
The board of trustees approved this report and accounts on the 21st October 2024 and is signed on its behalf by:
Lady Evangelist V Oyegunle Trustee
Page 5
CHARITY NO. 1107301
## **CHRIST APOSTOLIC CHURCH GOD IS LOVE**
## **ACCOUNTANTS REPORT**
We have conducted an independent examination of the financial statements on pages 7 to 9 which have been prepared in accordance with the general directions given by the Charity Commissioners. We have also undertaken the review of the records kept by the Charity (Christ Apostolic Church God is Love) and a comparison of the accounts presented with those records.
An independent examination includes the consideration of any unusual items or disclosures in the accounts, and seeking explanation from the Trustees regarding any such matters.
The procedures undertaken do not provide all the evidence that would be required by full audit and, consequently, we do not express an audit opinion on the view given by the accounts.
In connection with our examination, no matter has come to our attention which:
- (1) gives us reasonable cause to believe that in any material respect, the requirements to
- (a) keep accounting records in accordance with section 386 of the Companies Act 2006; and
- (b) to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2006 Act have not been met; or
- (2) in our opinion, attention should be drawn to in order to enable a proper understanding of the accounts so prepared.
EUCHRISS & CO. (ACCOUNTANTS & TAX ADVISORS)
18a Church Street Dagenham RM10 9UR
21 October 2024
Page 6
CHARITY NO. 1107301
## **CHRIST APOSTOLIC CHURCH GOD IS LOVE**
## **INCOME AND EXPENSE STATEMENT FOR PERIOD ENDED 31 DECEMBER 2023**
|**2023**
**GENERAL FUND:**
**Notes**
**£**
**INCOMING RESOURCES:**
Tithes, Offerings, Contributions, Donations, etc
87,001
Building Fund
250
Gift Aid
Interest Received
26
HMRC JRS Grant
15,043
**TOTAL INCOMING RESOURCES**
102,319
**RESOURCES USED**
Volunteers
Interest on Finance
3,633
Ministry/Evangelism
40,529
Wages & Allowances/Visiting Ministers
28,705
Rent & Rates
4,761
Choristers' Epenses
Telephone, Fax & Internet
425
Repairs & Renewal & Cleaning
2,215
Printing, Postage & Stationery
483
Insurance
2,141
Gift & Donations
2,792
Travelling & Motor Expenses
4,311
General Office Administration
182
HMRC Tax & NIC
Cleaning, Security, Health & Safety
90,177
**Management & Administration**
Bank Charges & Interest
3,805
Accountancy
600
Legal & Professional fees
Depreciation
290
4,694
**TOTAL RESOURCES USED**
94,872
**NET INCOMING/(OUTGOING) RESOURCES**
7,448
BALANCE BROUGHT FORWARD AT BEGINNING OF YEAR
**160,687**
BALANCES CARRIED FORWARD AT END OF YEAR
**168,135**|**2022**
**£**
86,955
1,990
18,420|
|---|---|
||107,365|
||525
45,539
33,814
3,860
1,850
1,028
2,085
625
1,671
1,902
2,858
571
1,155|
||97,484|
||501
600
4,972|
||6,073|
||103,557|
||3,808
**156,879**|
||**160,687**|
Page 7
CHARITY NO. 1107301
## **CHRIST APOSTOLIC CHURCH GOD IS LOVE**
## **BALANCE SHEET AS AT 31 DECEMBER 2023 Notes**
|**FIXED ASSETS**
4
**CURRENT ASSETS**
Debtors & Prepayments
3
Cash at bank and in hand
**LIABILITIES: AMOUNT FALLING DUE WITHIN**
**ONE YEAR**
Creditors
4
**NET CURRENT ASSET**
**TOTAL ASSETS LESS CURRENT LIABILITY**
**LIABILITIES: AMOUNTFALLING DUE AFTER**
**MORE THAN ONE YEAR**
Creditor
4
**FUNDS:**
Unrestricted Funds
Restricted Funds|**2023**
**£**
314,001
1,200
2,016
3,216
19,573
16,357
-
297,644
129,509
168,135
168,135
-
**168,135**|**2022**
**£**
313891|
|---|---|---|
|||1,200
11,672|
|||12,872
19,253|
|||(6,381)|
|||307,510
146,823|
|||160,687|
|||160,687
-|
|||**160,687**|
For the year in question the charity was entitled to exemption conferred by Charity Commission rules and regulation for its account to be audited.
The trutees acknowledge their responsibilities for:-
1. Ensuring that the charity keeps proper accounting records which of all incoming resources and resourses used during the period and how unexpended balance of funds are deployed at the end of the accounting period. [SORP 10]
2. Ensuring that the charity prepares Statement of Financial Activities for the year that shows all resourses made available to the charity and all expenditure incurred by it, and reconcile all changes in its funds {Reg.3(2)(a)}{Sch.1, PartI,1}
Page 8
CHARITY NO. 1107301
## **CHRIST APOSTOLIC CHURCH GOD IS LOVE**
## **BALANCE SHEET AS AT 31 DECEMBER 2023**
## **(Continued)**
3. Preparing balance sheet that shows the assets, liabilities and funds of the charity {Reg.3(2)
- (b)}{Sch.1,PartII,1}.
4. Including notes to the accounts, explaining the accounting policies adopted and explaining or expanding upon the information contained in the accounting statements referred to above or which provide further useful information. This will include notes analysing the figures in the accounts and explaining the relationships between them [SORP 22(e){Sch.1, Part IV}
5. In the opinion of the trustees, the charity is entitled to those exemptions on the basis that it qualifies as small charity.
Approved By The Trustees on 21st October 2024 and signed on behalf of Trustees by:
Lady Evangelist V Oyegunle Trustee
Page 9
CHARITY NO. 1107301
## **CHRIST APOSTOLIC CHURCH GOD IS LOVE**
## **NOTES TO THE ACCOUNTS FOR PERIOD ENDED 31 DECEMBER 2023**
## **1. Accounting Policies**
## 1.1 Basis of preparation of accounts
The accounts are prepared under the historical cost convention and incorporate the result of the principal activity which is described in the trustees report.
The charity has taken advantage of the exemption in the Financial Reporting Standard 1
(F.R.S. 1) from the requirement to produce a cashflow statement on the ground that it is a small company.
## **2. Net Movement in Funds**
The net movement in fund is stated after charging:-
**£**
Accountants Fee
600
## **3. Debtors**
|RCCG (Rent Deposit)
**4a. Creditors:**
Accountancy fee
NatWest Bank Plc
**4b. Creditors:**
NatWest Bank Plc|1200|
|---|---|
||1200|
||600
18,973|
||19,573|
||129,509|
||129,509|
Page 10
CHARITY NO. 1107301
## **CHRIST APOSTOLIC CHURCH GOD IS LOVE**
## **NOTES TO THE ACCOUNTS FOR PERIOD ENDED 31 DECEMBER 2023**
**(Continued)**
## **Motor**
|**4. Tangible Fixed Assets**
**COST:**
B/F at 01/01/23
Additions
C/F at 31/12/23
**DEPRECIATION:**
B/F at 01/01/23
Charged for the year
C/F at 30/06/23
**NET BOOK VALUE:**
**At 31/12/23**
At 01/01/23|**F/H Property Vehicle**
**Equipments**
**£**
**£**
**£**
314,000.00
21,545.00
4,421.13
-
-
400.00
314,000.00
21,545.00
4,821.13
21,545.00
4,530.63
289.50
-
21,545.00
4,820.13
**314,000.00**
**-**
**1.00**
314,000.00
-
290.50|**Total**
339,966.13
400.00|
|---|---|---|
|||340,366.13|
|||26,075.63
289.50|
|||26,365.13|
|||**314,001.00**
314,290.50|
Fixed Assets are depreciated over their useful life using the straight line method at the following rates:
|Motor Vehicle|20%|
|---|---|
|Equipments & Fittings|15%|
|Building|0%|
Page 11