2024-12-31-accounts - Christ Apostolic Church (Power Of God Saves)

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Charity registration No. 1124874

CHRIST APOSTOLIC CHURCH

Report and Accounts

31 December 2024

CHRIST APOSTOLIC CHURCH Report and accounts Contents

	Page
Administrative information	1
Trustees' report	2 - 3
Statement of Financial Activities	5
Balance sheet	6
Notes to the Financial Statements	7 - 9
(inclusive of detailed Income & Expenditure)

CHRIST APOSTOLIC CHURCH Charity Information

Trustees

Pastor Adelani Awe Pastor Elijah Afolabi Pastor Olusegun Oladipupo

Accountants

LEMO COPORATE CHARTERED CERTIFIED ACCOIUNTANTS 815 OLD KENT ROAD Chatham SE15 1NX

Bankers

HSBC

Registered office

14 Bright Road Chatham Kent ME4 5HH

Registered Charity number

1124874

CHRIST APOSTOLIC CHURCH Trustees' Report

The trustees present their financial statements for the year ended 31 December 2024

The Trustees presented their report along with the financial statement of the charity for the year ended 31 December 2024. The financial statements have been prepared on the accounting policies set out in note 1 to 3. The financial statements comply with the charity's constitution applicable law and requirements of the Statement of Recommended Practice (SORP 2005) "accounting and reporting by charities".

OBJECTIVES and ACTIVITIES

The Board of Trustees has considered the Charity Commission’s guidance on public interest benefit in the principal activities of the church. In the year under review, the church encourages and welcomes members of the community to live out their faith by providing a place of worship and fellowship. It offers various community events and activities to facilitate relief for persons in condition of need, hardship or distress by demonstrating the love and spiritual power of our Lord Jesus Christ through: ministerial outreach, relevant practical helps, community education, musical concerts, youth mentoring, bible teaching, worship and fellowship.

Organisation and Structure

This is carried-out by the Trustees, and members of the church who are volunteers. The day-to-day administration is carried out by appointed trustees and members on voluntary basis.

Risk Management

The Trustees are aware of the major risks to which the churches is exposed and consider that, having regard to the scale and nature of its operations, the current system of controls is effective, taking into consideration the following:

Health and safety policy is being reviewed in line with changes in regulations
A Child protection policy has been developed and adopted by the church

Internal Financial Controls

The system of Internal Financial Control is designed to provide reasonable assurance against material misstatement or loss of funds. They include:

Annual consideration of financial results by trustees and presentation of annual reports to church members
Delegation of authority and segregation of duties.

Volunteers

Throughout the year, the trustees of the church have given their services on a voluntary basis towards achieving the objectives of the church. The church is grateful for the sacrificial contribution of time and effort from all its trustees and other volunteers who are not Trustees of the church .

TRUSTEES

The trustees during the year under review were:

Pastor Adelani Awe Pastor Elijah Afolabi Pastor Olusegun Oladipupo

Statement of Trustee Responsibilities

The Trustees are required to prepare financial statements that give a true and fair view of the state of affairs of the organization and of the income and expenditure of the project for that period. In preparing these financial statements, the Trustees are required to:

Select suitable accounting policies and apply them consistently
Make judgements and estimates that are reasonable and prudent
State whether applicable standards and statement of recommended practice have
been followed, subject to any material departures disclosured and explained in the statements.
Prepare the financial statements on the going concern basis unless it is inappropriate
to presume that the project will continue in operation.

The Trustees are responsible for keeping proper records that disclose at any time the financial position of the project. They are also responsible for safe guarding the assets of the organization and hence for taking reasonable steps for the prevention and detention of fraud and other irregularities.

adelaniawe olusegunoladipupo

ADELANI AWE OLUSEGUN OLADIPUPO Chairman Trustee Board of Trustees Date 28/10/2025

CHRIST APOSTOLIC CHURCH

INDEPENDENT EXAMINERS' REPORT TO THE

TRUSTEES OF WORD FOUNTAIN CHRISTIAN MINISTRIES ON THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2024

We report on the accounts for the year ended 31 December 2024, which are set out on pages 5 to 9.

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 and t that an independent examination is needed.

It is my responsibility to:

examine the accounts under section 145 of the Charities Act;
to follow the procedures laid down in the General Directions given by the Charity
Commissioners under section 145(5)(b) of the Charities Act); and
to state whether particular matters have come to my attention.

Basis of independent examiner’s report

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records.

It also includes consideration of any unusual items or disclosures in the

accounts, and seeking explanations from you as trustees concerning any such matters.

The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that in any material respect the requirements
to keep accounting records in accordance with section 130 of the Charities Act; and
to prepare accounts which accord with the accounting records and comply with
the accounting requirements of the Charities Act have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

…AJIBOLA LEMO Mr. Ajibola Lemo (FCCA, MSc) LEMO CORPORATE Date: 28 10. 2025

CHRIST APOSTOLIC CHURCH

Statement of Financial Activities for the year ended 31 December 2024

Notes Income Resources Tithes, offerings and thanksgiving 6.1 Building Fund Grants & donations Others Bank interest Total Income Resources Resources Expended Support costs of activities in furtherance of the charity's objects 6.2 Management & Administration of Charity 6.3 Total Income Expended Net incoming/(outgoing) resources Net Movements in Funds Fund balances b/fwd Funds balances c/fwd	Notes	Unrestricted £ 39,565 1,514 - 1,050 - 42,129 5,449 17,198 22,647 19,482 19,482 112,323 131,805	Restricted £ - - - - - - -	2024 Total Fund £ 39,565 1,514 - 1,050 -	2023 Total Fund £ 36,085 1,429 2,101
				42,129	39,615
				5,449 17,198 22,647 19,482 19,482 112,323 131,805	4,611 15,941
					20,552
					19,063
					19,063 93,260
					112,323

CHRIST APOSTOLIC CHURCH Balance Sheet as at 31 December 2024

Notes £ Intangible assets Fixed Assets 3 Current assets Debtors 26,263 Cash at bank and in hand 92,568 118,831 Creditors: amounts falling due within one year - Net current assets Total assets less current liabilities Net assets Unrestricted Funds Unrestricted Funds 5 Restricted and Unrestricted Funds c/fwd.	£ 26,263 92,568	2024 2023 £ £ £ 12,974 13,632 12,974 13,632 17,000 81,691 98,691 118,831 98,691 131,805 112,323 131,805 112,323 131,805 112,323 131,805 112,323
	118,831 -

adelaniawe olusegunoladipupo ADELANI AWE OLUSEGUN OLADIPUPO Chairman Trustee Board of Trustees Date 31/10/2022

CHRIST APOSTOLIC CHURCH Notes to the Accounts for the year ended 31 December 2024

1 Accounting policies

Basis of preparation

The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Incoming Resources

Income is mainly from Tithes, offering & building pledges and bank interest received are included in the financial statements when received.

Resources Expended

All expenditure is accounted for on an accrual basis and has been classified under headings that aggregate all costs related to the category.

Taxation

As a charity, the charitable funds are exempt from corporation tax but not from VAT. Irrecoverable VAT is, in accordance with standard accounting practice, included in the cost of those items to which it relates.

Depreciation

Depreciation has been provided at the following rates in order to write off the assets on the redusing balance of each asset.

2	Net funds for the year	£	£
	This is stated after charging:
	Depreciation of owned fixed assets	1,906	1754

3 Tangible fixed assets

Cost At 1 January 2024 Additions At 31 December 2024 Depreciation At 1 January 2024 Charge for the year At 31 December 2024 Net book value At 31 December 2024 At 31 December 2018 4 Funds At 1 January 2024 Net Movements in Funds At 31 December 2024	Unrestricted £ 112,323 19,482 131,805 7	Musical Equipment £ 18,863 - 18,863 8,765 1,151 9,916 8,947 10,098 Restricted £ - -	Furniture & fittings Total £ £ 7,989 26,852 1,248 1,248 9,237 28,100 4,455 13,220 755 1,906 5,210 15,126 4,027 12,974 3,534 13,632 2024 2023 £ £ 112,323 93,260 19,482 19,063 131,805 112,323

CHRIST APOSTOLIC CHURCH

Notes to the accounts (continued)

6 Detailed Income and Expenditure Account for the year ended 31 December 2024

6.1 INCOMING RESOURCES Tithes, offering and thanksgiving Building Grans & donations Other Income Bank interest received Total Incoming Resources OUTGOING RESOURCES 6.2 Support costs of activities in furtherance of the Charity's objects: Honorarium Missionary Children, youth Holy Communion Family Arena Evangelical/outreach materials Books, DVD etc Members' welfare and training 6.3 Management and Administration of Charity: Rent of Church hall Rate Bank charges Repairs & maintenance Professional and other legal fees Depreciation charge	2024 2023 Unrestricted Restricted Total fund Total fund £ £ £ £ 39,565 39,565 36,085 1,514 1,514 1,429 - 1,050 1,050 2,101 -
	42,129 - 42,129 39,615
	- - - - 3,550 3,550 3,100 - - 40 40 40 - - 1,109 1,109 981 - - 750 750 490
	5,449 - 5,449 4,611
	15,100 15,100 14,000 0 192 192 187 - - 0 - 0 1,906 1,906 1,754
	17,198 - 17,198 15,941