THE TRUTH CENTRE
LONDON, UNITED KINGDOM
FINANCIAL STATEMENT FOR THE YEAR ENDED 31[ST] DECEMBER, 2025
REGISTERED CHARITY NUMBER: 1126886
LONDON UNITED KINGDOM
39 BURGESS ROAD. LONDON, E15 2AD
INDEX
Page
Index……………………………………………………………………………………………………. 1 Trustee’s Report…………………………………………………………………………………… 2 -3 Independent Examiner’s Report…………………………………………………………… 4 Receipts and Payments Account…………………………………………………………... 5 Statement of Assets and Liabilities……………………………………………………….. 6 Notes on the Financial Statements……………………………………………………….. 7
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LONDON UNITED KINGDOM.
TRUSTEES’ REPORT
YEAR ENDED 31[ST] DECEMBER 2025
The trustees are pleased to present their report for the year ended 31[st] December, 2025 for the Charity, Christ Apostolic Church of God Mission, Truth Centre - London, United Kingdom with Charity Number 1126886.
The Trustees of the Charity are:
Rev. Friday Evbagharu Igbineweka Mr.Osas Omoriyekewen Pastor Unity Igbineweka
Mr. Friday Ebohon Mr. Emmanuel Peter Abusomwan
Rev. Matthew Ogbonmwan
The principal address of the charity is
39 Burgess Road
London E15 2AD
STRUCTURE, GOVERNACE AND MANAGEMENT
The Charity governing document is a constitution that was adopted 21[st] September 2008. The Charity is governed by a Board on which the trustees are represented. It meets regularly to review, plan activities and monitor the financial position.
OBJECTIVES AND ACTIVITIES
The objective of the organisation is to advance the Christian faith and to relieve poverty by promoting the youth and their development within and outside the church through various skills, activities and spreading the gospel of Christ to all, irrespective of race and nationality. The trustees confirm that they have had due regard to the guidance issued by the Charity Commission on public benefits before deciding what activities the charity should undertake.
ACHIEVEMENT S AND PERFORMANCE
The Organisation held successful conferences and convention through the year in which individuals were equipped and educated on the principles and doctrines of the Christian faith. It continues to support missionary work in various places.
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FINANCIAL REVIEW
The income of the Charity is £ 263,932.09 which £200,000. 00 in placement (one year fixed deposit in the bank). This is a good amount for the Charity, but compare to the income in year ended 2024 of £240,151.98 . Costs have been well managed over this period. The charity has used a lot of its resources to cover the costs for rent, welfare services, Insurance, conventions and transportation.
RESERVE POLICY
It is the policy of the Charity to maintain unrestricted funds, which are the reserves of the charity at about 3 months of unrestricted expenditure. This provides sufficient funds to cover any emergency expenditure that may arise from time to time. The charity will seek to maintain this level throughout the year.
RISK MANAGEMENT
The Charity have assessed all the major risks to which the charity is exposed to, in particular those related to operations and finances of the charity, and are satisfied that systems are in place to mitigate exposure to major risks.
TRUSTEE RESPONSIBILITIES
Under the charity Act 1993, the trustees are required to prepare a statement of accounts for each accounting year which gives a true and fair view of the state of the church. They are required to:
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1 Select suitable accounting policies and apply them consistently.
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2 Make judgements and estimates that are reasonable and prudent.
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3 State whether the applicable accounting standards have been followed.
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4 Prepare financial statements on on-going basis.
They are responsible for keeping proper records which disclose with reasonable accuracy the finances of the church at any time and to ensure that such accounts comply with the Charity Act 1993. They also have a responsibility to safeguard the assets of the church and to take reasonable
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Rev. Friday Igbineweka
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INDEPENDENT EXAMINER’S REPORT
To the Trustees
CHRIST APOSTOLIC CHURCH OF GOD MISSION THE TRUTH CENTRE, LONDON-UK
I report on the accounts of the church for the year ended 31[st] December 2025 set out on the following pages which have been prepared on the basis of the accounting policies shown in the corresponding pages.
Respective responsibilities of trustees and examiner
The trustees of the church are responsible for the preparation of the accounts, they consider that the audit requirement under section 43(2) of the Charity Act 1993, does not apply. It is my responsibility to:
Examine the accounts under section 43(3) of the 1993 Act. Follow the procedures laid down in the General Directions given by the Charity Commissioners
made under section 43(7)(b) of the 1993 Act. *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 Commissioners. An examination includes a review of the accounting records kept by the Church and a comparison of the accounts presented with those records. It also includes consideration of any usual 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 I do not express an audit opinion on the view given by the accounts.
Independent examiner’s statement
In the course of my examination, no matter has to come to my attention;
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Which gives me reasonable cause to believe that, in any material aspect, the trustees have not met the requirements to ensure that:
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proper accounting records are kept (in accordance with section 41 of the Act.
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accounts are prepared which agree with the accounting records and comply with the
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……accounting requirements of the Act; or
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To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
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FRANK H AGHWARITEFE , MBA, BSc(Hons.)Accounting
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CHRIST APOSTOLIC CHURCH OF GOD MISSION THE TRUTH CENTRE LONDON – UK
ACCOUNT FOR THE YEAR ENDED 31[ST] DECEMBER, 2025
| INCOME RECEIPTS | 2025 | |
|---|---|---|
| £ | £ |
£ |
| Tithes | 16,937.96 | |
| offerings | 11,242.00 | |
| 2024 Thanks giving | 1,150.00 | |
| Good to Give |
2,593.12 | |
| Donations towards Building | 2,420.00 | |
| Interest gain from Fixed deposit | 5,600.00 | |
| OTHERS DONATIONS: | ||
| Special Offerings | 2,051.00 | |
| Sunday School Offerings |
154.00 | |
| Children Offerings | 82.58 | 2,287.58 |
| TOTAL RECEIPTS - | 42,230.66 |
| DIRECT CHARITABLE EXPENDITURE: Rent 6,258.00 publication 240.00 Church event 1,500.00 Convention 1,500.00 Transportation 3,622.57 Insurance 1,346.00 Instrument 350.00 Benevolent gift(welfare )3,083.00 17,899.57 Other Expenditure: Mission work 550.00 550.00 TOTAL PAYMENT - NET RECEIPT (PAYMENTS) FOR THE YEAR 2025 CASH FUND BROUGHT FORWARD from (2024) CASH FUND AT THE END OF THE YEAR 2025 |
(18,449.57) 23,781.09 240,151.00 263,932.09 |
|
|---|---|---|
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CHRIST APOSTOLIC CHURCH OF GOD MISSION THE TRUTH CENTRE LONDON – UK
| CHRIST APOSTOLIC CHURCH OF GOD THE TRUTH CENTRE LONDON – UK |
CHRIST APOSTOLIC CHURCH OF GOD THE TRUTH CENTRE LONDON – UK |
MISSION |
|---|---|---|
| STATEMENT OF ASSETS AND LIABILITIES AS AT YEAR ENDED | 31ST DECEMBER, 2025 | |
| Cash Funds | Unrestricted Funds | |
| £ | ||
| Natwest Bank | 63,932.09 | |
| Natwest Bank (one year fixed deposit) | 200,000.00 | |
| Total Cash funds | 263,932.09 | |
| Assets Retained For the Charity’s own use | ||
| Equipment | 2,000.00 | |
| Musical Instruments | 9,002.30 | |
| Church Van | 2,000.00 | |
| Church pulpit | 60.00 | |
| Church banner | 300.00 | |
| Cash toward Building | ||
| Years 2013, 2014, 2015, 2016 and 2017 |
19,008.00 | |
| Year 2018, 2019 and 2020 | 6,129.09 | |
| Year 2021 | 4,682.00 | |
| Year 2022 | 2,307.00 | |
| Year 2023 | 2,030.00 | |
| Year 2024 | 2,740.00 | |
| Year 2025 | 2,420.00 | 39,280.09 |
| TOTAL | 52,642.39 | |
| Liabilities | Nil |
Approved by the Trustees and signed on their behalf
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CHRIST APOSTOLIC CHURCH OF GOD MISSION THE TRUTH CENTRE LONDON – UK
NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 31[ST] DECEMBER, 2025.
ACCOUNTING POLICIES
Basis of Accounting
These accounts have been prepared on the receipts and payments basis under section 42(3) of the Charities Acts 1993.
FUNDS
Unrestricted funds are those which can be used at the Trustees’ discretion. Restricted funds are those whose purposes have been restricted by the donor. The cash fund at the end of the year 2025 of £263,932.09 included £200,000.00 fixed deposit in Natwest Bank.
INTEREST ON FIXED DEPOSIT
The interest of £5,600.00 gain from fixed deposit into the charity account is being used for charitable purposes.
Trustees Remuneration
No trustee received remuneration during the financial year.
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