CHRIST APOSTOLUC CHURCH MOSERE Chari Number 1121485 e Trust audlted Slatements Perfod of Accounts Sta Dats,. 1st Jul 202 End Date: 3 h June 2024
CHRIST APOSTOLLIC CHURCH MOSEREM Contents of the Financlal Ststements For the Perlod Ended 30th June 2024 CONTENTS PAGE Memberg of the Board and Professlonal advlsers Tru8tee8 Annual Report 2&3 Report8 of the Independont examlner Ststsment of flnan¢lal acllvftles Balanee Sheet Nots$ to th8 Flnancial Ststoments 7t012
CHRIST APOSTOLUC CHURCH MOSERE Members of tho Board and Pr fesslonal advi For the Perlod Ended 30th June 202 Registered charity name: CHRIST APOSTOLIC CHURCH4MOSEREM) Charlty Number 1121485 Roglstored Offlce Flat 7 12.14 St Mary'8 Road London SE15 2DW Board of Tru8tae8: Raphael Olukorede Ibidapo Odulate Olayinka Solomon Olanipekun Olulunmilayo Talwo Ige Accountants: T. T. ACCOUNTANCY SERVICES Unlt 19 , Nl¢e Bu81nes8 Park 1945 Sylvan Grove, London SE15 1PD TEL . 02039741266 Page 1
CHRIST APOSTOLLIC CHURCH Trustees Annual Re ort For the Period Ended 30th June 2024 MOSEREM The Trustees have pleasure in presenting thelr report arMJ the unaudited finanaal statements of the chaiity for the year ended 30th June 2024 REFERENCE AND ADMINISTRATION DETAILS Reference and administration details are shovm in the schedule of membeTs of the board and professional advisers on page 1 of the financtsal ststements. TRUSTEES The Trustees vtho 8eNed the charity durlng the perlod were as follow8: Raphael Olukorede Ibidapo Odulate Oiayinka Solomon Olanipekun Olufunmilayo Ta1v19e STRUCTURE. GOVERNANCE AND MANAGEMENT Appointmènt of Trustees were initially by recommendatton of the elders of the church and approved by the church members. Activities organised in furtherance of the objectives include regular Sunday Ghurch seNices, religious Conventions, seminar5 and training workshops. OBJECTIVES AND ACTIVITIES The main objectives of the charity are the advancément of christian faith. the relief of si¢kn8ss, poverty and Ihe advancèment of education in accordance w7th Christian principles. ACHIEVEMENTS AND PERFORMANCE The church started as a fellowship of a few people vtho mèt at the home of the members. The number grew and soon rented a premises for the Sunday services. To the glory of God, the church has now established and is growing stronger in the Lord wlh manifestalion of God's Mirac on her members and everyone who comes into contact vthh End Time Apostolic. The church has obtained a charitable status. Page 2
CHRIST APOSTOLUC CHURCH Trustees Annual Re ort or the Period Ended 30th June 2024 MOSEREM RESPONSIBIUTIES OF THE TRUSTEES The Trustees are responsible for preparing the Trustee Annual Report. Company law requires the Trustees to prepa Financial Statement vthich give true and tsir view of the state of affairs of the charitable company and of the incoming and applicable of resources, including the income and èxpenditures of the tharitable company for that period. In preparing these Financial Statements, the Trustees are required to.. select suitable accounting policies and appty them consistentty.. obseNe the methods and principles in the charities SORP.. make judgments and estlmates that are reasonable and pnjdent; prepare the financial statements on a going concem basis unless it is inappropriate to assume that the charfty will continue in operation. The Trustees are responsible for keeping proper accounting records that disdosé reasonable a¢¢uracy at any time the financial Position of the chanty O)mpany and ensure that the Financial Statement )Mpty with the Company Act 20IX and Charitable Act 1993. The trustees are also spOnsible for safeguarding assets of the charity and hence taking reasonable steps for the pTrvention and detection of fraud and other irregularities. SIGNED ON BEHALF OF THE TRUSTEES Raphael Olu rede Ibldapo Odulat• Authorlsed Signatory Poge 3
CHRIST APOSTOLLIC CHURCH MOSEREM Re orts of the inde ndent examiner For the Perlod End d 30th June 2024 I report on the aUTrts of the charity for Ihe year ended 30th June 2024 set out on pages 5 to 10. RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND INDEPENDENT EXAMINER As the charity's trustees you are responsible for the preparation of the acccounts. you consider thal the audit requirement of sedion 43(2) of the Chanties Act 1993 (the Act), as amended by s.28 of th8 Chaiities Act 2006 does not apply. It is my responsibility to.. examine accounts under section 43 of the Act as arnended, to follow procedures specified in the General Directions given by the Charity Commiss)nerS under section 43 (7){b) of the Act as amended. and to stste btheter particular matters have comè lo my attention. BASIS OF INDEPENDENT EXAMINER'S STATEMENT My examlnation was caffied out in acwrdance wrth the Genetal Oirectlons given by th8 Charities Commissloners. An examination includes a review of the a¢oJunting records kept by Ihe charity and in comparision of the accounts presented with those records. It also indudes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees cA)nceming any such matter3. The procedures undertaken do not provide all the evidence that Vuld be required in an audit, and nseqUentty I do not exp$9 an audit opinion on the view gwen by the accounts. INDEPENDENT EXAMINER'S STATEMENT In connection with my examination, no matter has come to my attention.. 1) thlch gives me reasonable cause to believe that in any material respect the requirements.. . to keep accounting records in accordance bmth section 41 of the Act; and . to prepare accounts 1¢h accord vthh the accounting records and to compty with the accounling requirements of the Act have not been met, or 21 to which, In my opinion, attention should be drawn In order to enable a proper understanding of the accounts to be reached. T. T. ACCOUNTANCY SERVICES Unit 19 , Nice Buslness Park 15 Sylvan Grove, London SE15 1PD TEL . 02039741266 THOMAS FATUROTI Accountant: Page 4
CHRIST APOSTOLLIC CHURCH Statement of Financial Activities inco oratin the income and ex Year ended 30th June 2024 MOSEREM nditure accou Unrestrt¢ed Funds 2024 INCOMING RESOURCES NOTES Incoming resources from generating funds Volunlary Income Investment income Other income resources TOTAL INCOMING RESOURCES 26.212 6,611 31,823 RESOURCES EXPENDED Charitable activities Govemance costs TOTAL RESOURCES EXPENDED 4,415 18.175 22,590 NET INCOMING (OR OUTGOING) RESOURCES FOR THE YEAR 9,233 Tolal fvnds brought forward (plusldefirii) 148,092 Totalfunds caled loard 157.325 All olth8 above amountsrelato to ¢onllnuingacOvltles. The noté$ on pages 7t0 10 fomipartofthese flnanclal statemen Page 5
CHRIST APOSTOLUC CHURCH MOSEREM Balance sheet as at 30th June 2024 2024 NOTES FIXED ASSETS Tangible assests Total Flxed Assets 172 172 CURRENT ASSETS Debtors Cash at bank and in hand Total Current Assets 157,382 157,382 CREDITORS Amount falling due 1n a y Netcurreni Assets io 350 157,032 157,204 FUNDS 11 Unrestricted Income1ab1l1ty funds Total Funds 157,204 157,204 For the year end8d 30th June 2024 th8 company was entit18d to exemption from aud under section 477 of th8 comp8nies Act 2006. The Memb8 have not rnquired the company to oblain an audit in 8ccor(lance with section 476 of the companies Act 2006. The directoes acknowledge theirrnspon&bilty f0rcompng with the requirements of th8 Act with Trspect to accounting CordS and ft)r th8 prepatIon of accounts. These accounts h8V8 been prepared in 8ccordanGe with the provi&ons 8ppIic8ble to companies subj8Ct to small ¢omp8ni8s regime and in 8CCOrtlanc8 With the Financial Reporting Standard for Sm811er Entit8 (Eff8ch've 28). The notes on pages 7 to 10 fonn part of these finanu81 statements. Thè Financial St8tem8nts were approved by theTnJstees on 31 December 2024. SIGNED ON ALF OARD BY: Rap ael Olukorede Authorlsed slgnatory Idapo Odulate Page 6
CHRIST APOSTOLLIC CHURCH Notes to the Financial Statemen Year ended 30th June 2024 MOSEREM 1 AGGountlng pollcle8 The principal accounting policies are summarised below. The accounting polieS have been applied consistentty throughout the year and the pre(ing year. 1.1 Basis of preparation of accounts These accounts have been prepared under the historical cost basis convention and in accordance Vth applicable United Kingdom Accounting Standards the Ststement of Recommended Practice "Accounting and Reporting by chariti'es" issued in March 2005 (SORP) and the Company Ad 2006. 1.2 Incomlng resource8 All incoming resources are induded in the statement of financial actNities vthen the charity is entitled to the income and the amount can be quantified wth reasonable accuracy. The follov4ing spectfic policies are applied to partTrcular categories of income.. Voluntary income is received by vray of grants. donations and gffls and is included in full in the statement of financial activitie$ when receivable. Grants where entitlement is not condrtional on the delivery of a specific perfonnance by the (*Jarity, are re¢ognised vthen the chanty becomes uncondth'onalty entrtled to the grant. Donated servlce8 and facilities are included at the value to the chaiity where this Can be quantified. The value of services provided by volunteers has not been induded. Gifts donated for resale are induded as incoming resources within actNities for generating funds vthen they are sold. Income from Investments Is induded In the year in vknich rt Is receivable. 1.3 Re8ources Expended Expendtture is recognised on an accrual basis as a lialilty is incurred. Expendlture indudes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. Costs of generating funds comprise the costs asxKiated wtlh attracting voluntary income and the costs of tradingfor fundraising purposes induding the charity's shop. Charitable expenditure comprises of those costs incurred by the chartty in the delivery of its activities and seNicesfor its beneficiaries. It indudes both costs that Gan be allocated directly to such activities and those costs of an indirecl nature necessary to support them. 1.4 Tangible fixed a88ets and depre¢iation Tangible fixed assets are staled at cosl less accumulated depreciation. Depreciation is provided at rates calculated to te off the cost less residual value of eacj) assets over ils expected useful as follows.. Depreciation is charged at 25% 1.5 Inveslments Current asset investments are at the lower of cost and net realisable value. Page 7
CHRIST APOSTOLLIC CHURCH Notes to the Financlal Statements Year ended 30th June 2024 MOSEREM 2 VOLUNTARY INCOME Unrestrlcted Funds 2024 Donations 26,212 Totsl 26,212 3 INVESTMENT INCOME Totsl Funds 2024 Bank Interest Rer£ivable Nll 4 OTHER INCOME RESOUR( Unrestrlcted Funds 2024 Other materials 5.611 Page 8
CHRIST APOSTOLLIC CHURCH MOSEREM Notes to the financial Statements Continued For the P rlod Ended 30th June 2024 S COSTS OF CHARITABLE ACTMYIES BY ACTIVITYTYPE Unrestrlcted Funds 2024 Rent & Rates Electricity Donations Church Entertainment Olhers -subscription Totsl 4,265 150 4,415 6 GOVERNANCE COSTS Unrestrlcted Funds 2024 Accountancy Fees Legal Fees Giftslwelfare IHonorarlum Minlsiter Honorarium Intefèst payablelBank charges DepreatIon Totsl 350 11.897 6,000 70 58 18,175 7 STAFF COSTS AND EMOLUMENTS 2024 Total staff costs were as follows Wages and salaries & soclal securrty Costs Particularof employees The average number of employee duringthe year calculated on the basis of full-time equivalentwas nil duringtheyear. No employee received emolument of more than £60.000 duringthe period. Page 9
CHRIST APOSTOLLIC CHURCH MOSEREM Notes to the Flnancial Statements Icontinuedl For the Period Ended 30th June 2024 TANGIBLE FIXED ASSErs Equlpmenl Motorvehlcle Furnlture & Flttlngs Total COST At 01.07.2023 Additons 230 230 230 230 Deprecatlon At30.06.24 Charge of the year 58 Net Book Value At30.06.24 172 172 9 CASH AT BANK AND IN HAND 2024 Cash at B8nk-HSBC UK Cash in Hand Total 157,382 157.382 10 CREDITORS: Amountlalllng due wlthln a year 2024 8ank Loan and Overdrdft• Accrual-Accountancy fees Credrtor- Total 350.00 350.00 11 UNRESTRICTED INCOME FUNDS Bal at 01.07.23 Incomlng Resources Ouigolng Resources Bal at 30.06.24 General Funds 148,092 31,823 22.590 157,325 Purpose of unrèstrictsd fund9 Unrestricted funds are used for the day to day running of the Charitys operation. Page 10