CHRIST APOSTOLIC CHURCH CITY OF DAVID 17 PEAR COURT EAST SURREY GROVE LONDON SE15 6PF CHARITY REG. IYUMBER 1126953 FINANCIAL STATFMF.NT8 FOR THE YEAR ENDED 26TH NOVV,MBER 2021
CHRIST APOSTOLIC CHURCH CITY OF DAVID LEGAL AND ADMINISTRATIVE INFORMATION USTEES: Pastoi. 15aac OluwaniyÉ-As'aaju (Chairl Lady Evangelist Oluwatoyin K. Oluwaniyi-Asaaju (Mi's) P8Stoi' Joshua Ajuyi SECRETARY: Pastor Joshua Ajayi CHARITY NUMBER: 1126953 RE IsrERKD orrIC. 17 Pearcourt Ea8t Surrey Grove London SE15 6PF BANKERS: HSBC BANK PLC RYE LANE PECKHAM RYE LONDON OUNTA DANIEL FAMOK & ASSOCIATES ACCOUNTANTS & FINANCIAL CONSULTANTS UNIT 209 TUDORLBAf BUSINESS CENTRE 2-8 FOUNTAYNE ROAD, LONDON N154QL COIYTENT: l. Trustees, Report 2. Ind¢pendeTht examiner's Report 3. Statemeiit of Financial Activities 4. Balance Sheet 5. Notes to the Accounts
CHRisf APOSTOLIC CIIURCH CITY OF DAVID TRUSTEES, RCI PORT The Trustees have plSure in submittillg their report and accounts for year ended 26 November 2021. The fEnancial stateillents have been prepai'ed in a¢cordance with the wcountiiig p(Trlicies set oui on pages 6 to 7 aiid comply with St&tement of Recommended Practice (SORP 2015) and the applicable law. OUTLINE The Christ Apostolic Chyrch (City ot David) is a PenteSta1 Church founded in London, United Kingdom in 2007. 11 is open to all nationalities, rdces. ages and sexes with the main objcctive of preachin8 the gospel of JBSUS CHRTST firstly iji tlie United Kingdom and lo all ov¢r the world. CoDSttiitfion Ob ectlves of the Charj etlvltles and O anl$at(on of Our Work The charity is constituted under a Trust Deed with registered charity numbèr 1126953. The objectives of the charity as set out in the Cons¢itution are =_ {1) TO ADVANCE GENUINB PRACTICE OF THE CHRISTIAN FArrH (IN ACCORDANCE WITH THE STATEMENTS OF BELIEF) IN SUCH WAYS AND tN SUCH PARTS OF THE UNITED KINGDOM OR THE WUKLD, SHARtNG THE GOOD NEWS OF JESUS CHRtST WITH COMMUNITIES AROUND OUR CHURCH, OUR HOME AND WHERE EVER WE GO AS THE TRUSTEES FROM TIME TO TIME MAY THINK FST. (2) TO RELIEVE SICKNESS AND FtNANCIAL HARDSHIP AND TO PROMOTE AND PRESERVE GOOD HEALTII BY TIIE PROVISJON OF FUND8, FACILITIES, GOODS OR SERVICES OF ANY KIND. INCLUDTNG THROUGH THE PROVISIUN 01.. COUNSE,LLING TO THF. OPPREggF.D, DEPRESSED, SUPPRESSED, FRUSTRATED, CONFUSED AND HOPELESS THROUGH SOUND AND PLRVE,NT PRAYERS SUPPORT tN SUCH PARTS OF THE UNITED KtNGDOM OR THE WORLD AS THE TRUSTEES FROM TIME TO TIME MAY THtNK FIT. AND (3) TO ADVAN EDUCATION tN SUCH WAYS AM) N SUCH PARTS OF THE UNITED KtNDOM OR THE WORLD AS TRUSTEES FROM TIME TO TIMB MAY THtNK FIT,. The Church engages in the following activities in order to further these objectives. a. Holding w¢ekly m¢etillgs which are opcn to the public b. RUnnIg CoU1ty projects Organising aCtVtleS and groups d. Working ¢108¢ly with oth¢i' Ckni5tEan oiganisations rhe principal activities of th¢ ChuiLh are Christian wvi8hip, Christian outreach pl'ammES to increase Christian awareness and to spread the gospel of our Lord Jesus Clwist and the developm¢iit of th¢ whule
CHRIST APQSTOLIC CHURCH CITY OF DAVID TRUS'I'ELS, RLI PORT CONTlTr¥UED man, spiritually, mentally and physic211y. We have a number of volunteers who assist in helping us achieve oui. objcetlve5. Chairman's Report The previous finan¢ial yeai. 2020 was negatively impacted on ow. attendance du¢ to COVID-19 IDckdown5. During the ¢oui'sc of the year, the Chui'ch h#s steadily pl.0ssed spiritually. We have had a TkUTnber of visitors attending our weekly servi¢e8 and we ¢onlinuc to Pray that they will one day accept J¢¥us Christ 8S their Saviour and Lord. The assembly in eAinbciiv£ll, Peckham is growing, but if we Can woi'k together we can do all things through Cbi'ist who strengthens us. The Brothcrhood, Women, Youth and Sunday SchoDI ministries have been encouraged to strive for excellence. Each department has submitted their obje¢tiv¢s for the forthcoming year 2022 and we look fojivard to seeing the frnits of these new visions. We have been providing counselling services to members of the community. We have also embai'ked on vai'ious tr&ining pi"ogi8mmes to equip njoi'e church Yolunteers with the relevant counselling skill8 that ivill help ihem 5¢1ve th¢ cominut]ity bettei.. The ¢huwh is vY keen at developing strong family life in the ¢onllnunity and the nation generally. To this end, we havc organiscd and conducted a Positive Parenting worshop in the year. The fornm addressed the issue of coping with chtld upbringing in a fast changing world. One-to-one personal evangclism is ongoing and it is our desire to the communities of Camberwell. Peckham and s()i'rounding are8S Following the end of the COVID-19 pttnd¢mi¢$ itt yJr 2021, the charity pcrfoiTrcd our practical corporate responsibilities, as a chuirh. by dollating monihly tood contributions to the "We Can Food Bank and Sacrcd H¢alth in South East London" Prayers for the sick also continues to be can'ied out wheth¢r by home visit or via the telephone. Ali ongoing obj¢¢tive of th¢ ¢hai'ity is lo pu]chase its owti pirtnis¢s. Duiiiig the year we went io Yiew vai'ious potential pla¢¢s of worsjiip, and indeed cam¢ very close to purchasing onE of th¢m but due to circuinstances beyoiid our CODtrol we w¢ff unable to complete the d1. Future Aims To continue to d¢Yelop and ittspirc the church's knowledge of God's word; To sce more souls beii)g saved for tli¢ Kingdom of God,. To "cndeavour to keep the utiity of the spirit in the bond of peace", Epliesians 4.'3' To be successful in tlie purehase of our own church building ac¢ommod8tion which CAn be dedicated to th¢ glory of God. and to do illorc piBcti¢al work withill the local ¢ominwiity and beyond. This wll includ¢ h¢lping at 2n est&bl&shed soup kitchen, and also contributing 50/0 of fvlld raised from baking for our Sunday School Davidic KiicheJJ to a local Lh¥rity.
CHRIST APOSTOLIC CHURCH CITY OF DAVID TRUSTEI ES, REPORT CONTINUEI D Achievements and Performance al Revlew of Activitles The charity has built on previous developments and successfully ministered to the needs of diverse social groups both within and outside the church. It provides fortsms for personal development. equipping members educationally. soci811y, and spiritually. Counselling services are available for the needy and unemployed, along with ref8rrals when necessary. The charity offers counselling to community members and has launched training programmes to equip volunteers with ess8nli81 counselling skllls to serv& belter. A Youth Church has b88n eslablish8d where teenagers gather on Sunday afternoons in a caring and sUPPOrtive almospheTe. The charily continues to fulfil ils mission by ¢ating opportunities for holistic development spiritually, mentally. 2nd physically. Time, ènergy, and resources have been invested inlo activiti@s and programmés aimed at preventing youth crime, depression, child abus6, and other social vices that n8gatlV81y impact sociely. Flnanclal Revlew Reserves Pollcy The Trustees have set a policy for unrestricted funds (free reserves) nol committed or invested in tangible fixed assÉls, to be maintained at a level equivalent to three monlhs, annual expenditure. This ensures that the charity can continue its activities in the event of a significant drop in funding. Risk Poli The l-rustees have assessed the n]ajor Tisks to which the Charity is exposcd particularly thosc relating lo the operation and finance and are satisfied witli the risk management systems in place to itigate the risk exposurc lo the Charity. Review nf the financial osltion The net iiicoming resoiirces for ihe year amounted to a surplus of £6,229 (year 2020 was a deficit of £335} ]d all of which are allocated to the uni'estriGted reseives of tbe Charity.
CHIUST APOSTOLIC CIIURCH CXTY OF DAVID TRUSTEES, REI PORT CONTINUED Board of Trustees Th¢ current members of the board of trustees servlng Ihe charity Ivere . Pastoi. Isaac Oluwaniyi-Asaaju (Chair) Lady Evangelist Oluwaloyin K. Oluwaniyi-Asaaju (Mrs) Pastor Joshua Ajayi APPROVAL This i'eport was given approval by the b)3rd of trustees on thc 25th Sepleinber 2025 and Signed on its behalf by :_ Secretary . Pastor Joshv8 Ajayi
INDEPENDENT EXAMINER'S REPORT TO'I'HL I'RUSTEES or CHRISI, APOSTOLIC CH URCH CITY OF DAVID CHAKI'I'Y KLG. NUMBER 1126953 FOR THE Y£AR ENDED 26'1'H EYOVLMBLR 2021 I repoit on accounts of the Trust for y¢ar etided 26th Noveinber 2021, which aie set out on pages 6 to I I RESPECTIVE RESPONSI LITIE F TRUSTELS AND EXAMJNER The charity trustees aTe respoiisible lor the p[epLati0n of the accounts.The chai'ity's tt'ustees consider that an audit is noi required fi)r this year under section 144 (2) of the Charities Act 2011 (the 2011 Act) aJ]d that an independent examin1]0 1$ needed. It is my responsibility to examine the accounts under section 145 of the 2011 Act, follow thc procedures laid down in th¢ geiieral Diirctions given by the Charity Conmiission undci. section 145 (51 (b) of the 2011 Act. and state whether particular matters have eome to my attention. BASIS OF INDEPENDEE4T EXAMINF.RIS RF.PORT My examination wag carried out in accordanc¢ with the genEral Dii'etti£)n8 given by the Charity Commisyion. An examination includes a review of the accounting recoi'ds kept by the charity and a comparison of the accounts presented with those records. It also includes ¢onsider&tion of any unusual tems oi. disclosures ii) the accounts. and seeking explanations from you as trustees £on¢erning any such matters. The procedures uiideriaken do rLOt provide all the evidence that would be required ift an audit and consequently no opit)ion is given a5 to whetlier the accounts pr¢scnt a'tru¢ and fail vi¢w and the report is limited to tlios¢ inattei's set out in the $tatemcnt below. INDEI PENDENT EXAMINER, STATEMErir Tn cot]n¢ction with my cxamination, no matter has eome to my attentioii :_ I I which gives me reasonabl¢ ¢ause to b¢lieve that in any mat¢rial Yespcot the reql1'¢m¢ts'. * to keep accounting records in accordance with sectiok) 130 of the 2011 Act. and * to prepare accounts which accord with thr accounling records and comply accounting requÈretnenls of the 2011 Act have not been met., or 2) t ich, in mon, atten e reached. should be draw in order to enable a proper understanding of the cc MRD. . FAMAKIN ( Msc, FCA I DANIEL FAMOK & ASSOCIATES ACCOUNTANTS & FIIYANCLiL CONsifLTANTS UNIT 209 TUDORLEAF BUs,ss CEIYTRE, LONDON 2-b Tr'UUNTAYNE ROAD, N15 4QL. 25th S¢ptcmb¢r 21125
CHRIST APOSTOLIC CHURCH CITY OF DAVID STATEMENT OF VINANCIAL ACTIVITIEI) FOR THE YEAR ENDED 26TH NOVEMBER 2021 Notes Unre5trieted Funds Restrleted Fun Total Nov-21 Total Nov-20 INCOMING RESOURCES Ineoiiiing Resoupce.ffi'Dni generaledfjinds Voluntary Iiicome Investment Income FIMRC Gift Aid Tax Reclaiins JpicopJJiiJg Resoillcesfivl Cliaiiluble Aclivi¢i¢.i' OÈhei- fpicoTri¢ng Rayources 43,873 43,873 3.284 Totsl Incoffting Resource5 43,873 43,873 RESOURCES EXPENDED 12 Chai'iinbleAclivi¢ies 37,264 37,264 3,619 Gove111(¥ Lyists 380 380 Total resources exp¢thded 3,619 NET MOVEMETrIT IN FUNDS 6.229 6,229 (335) RECONCILIATION OF FUIYDS Total funds brougbt fonvard 13241 (324) Total funds carrled forward 5,905 324 There were no recognised gains or losses for the year other than those included in the Statement of Fingn¥ial Aclivilies. All incoming resources and resources expended derive fi'om ¢ontiiiuing ctivilics. The note$ on PAges 5 to 8 form part of these &ctounls.
CHIUST APOSTOLIC HURCH CITY OF DAVID BALANCE SHEET AS AT 26TH NOVF.MBER 2021 Note5 2021 2020 FIXED ASSETS Tangible Fixed Assets CURRF,NT ASSV.TS D¢btois Cash at Bank and in Hand 396 1,29S 396 LESS CRILDITORS: Amounts falling due within one year NKT CURRENT ASSETS {4,122} (2,843) TOTAL ASSETS LESS LIABILITIES 324 REPRLSENTED BY: un$trI¢{ed Funds Restricted Funds 5,905 (324) 324 Approved by the Bogrd of TStee5 Dbl the 25th September 1025 and 5tgned on Its behalf by:" P&sÉor Isaac lujv&AlyASa8JU (Chair)
CHRIST APOSTOLIC CHURCH CITY OF DAVID NOTES TO THE FINANCIAL STATEMEN'rs FOR I YEAR ENDED 26TH NOVEMBER 2021 l. Accouf4TING POLICIES The financial stalemcnts have been prepared in accordance with the accounting policies set out in notes lo the accourtts ld comply with th¢ chai'ity's governing do¢umcnl, the Chai'ities Act 2011 and Accounting and Repoiting by Charitics: Statement of Recommended Pi'actice (SORP) applicable to chai'ities 'eparIng theii. accounts in accordance with the Financial Reporting Standard applicable in the UIC and Republic of treland published on 16th July 2014. 1.1 Resourees Bllildin Funds ljicojne Iix)in donations for building are included in voluntary incoming resources of restricted fvnds on receipt. Volunta om Income from Lithes and offerings Collected are included in voluntary incomEng resources when these are re¢¢ivable. Gift Aid Tax Re ment Clalm Tax repayments due from HM Revenue & cstOmS in respect of members, giving are included in incoming resources and regtricted for building funds whet) received. Other Income These compri5¢5 Qther mIellne0Vs income and are aceounted for in the period in which it is eiilitled. Income from Charitable Activities These are chi'istian books and materials strld to church members and all of which are includ¢d in unreslric¢ed fvnds when e1ved. Investment Income Investment Income consist of net interest received during the ye&r and accounted as unrestri¢ted fi]nd. Cash flow statement The Chdrily has taken advantage of the exemption sn finanei21 Reporting Standard No l frotJ] the requiremcnts to produce a c8shfiow statemellt on d)¢ '0ndS diat it qualifies as a sinall Charity. 1.2 Re50urce5 expellded Resources expet)dcd are included in the Stat¢m¢nt of Financial Activities on accrnal bas¢s, inclusive of any valu¢ added tax {VAT} which ¢at)not be recovfflEd. Certain expenditui'e are atti'ibutable to specific activities and have b¢¢n includ¢d thos¢ ¢os¢ categories.
CIIRIST APOSTOLIC CHURCH CITY OF DAVID NOTES TO THE FINANC.IAL STATFMFNTS CONTINUED FOR THE Yfi AR EII'DED 26TII NOVEMBER 2021 1.3 Tangible Fixed Assets for use by the eharlty And Deprecixtlon Tangible fixed assets for use by the Charity are slated at cost less depreciation. Depi'eciation is calculated to wi'ite off the cost les8 e8timated re8idual value of fixcd assets. ovei. theii. estimated useful lives on the following basis.. Computers. Equipment, Furnitur¢ & Fittings 250/ts per annm. Musical Equipments & Instruments 25Q/o per attnum. Unrestricted Restricted nre5tricted Fund Fund Fund Nov-21 Nov-21 Nov-20 2. CHARITABLE ACTIVITIES Pastor41 Allowances Evangelism & Ovei's¢as Missions Honoi'aria and gifts Hall Rental, Storage and Service Chayges Donation8 to Othei. Charities Mcmbcrs, Welfare, Support & Benevolence Printing, Postage and Stationery Travelling & Mutur EKpLnses Advert, Publicity & Medid Costs Insurance PMiuMS Eleclricily, heating and Water Chui'ch Materials & Consumables Volunte¢rs' & Workers, Expenses Equipments R¢pair & Renewals Depreciation of fixed assets Telephone & fax 450 1,905 3,560 15,600 190 3,185 195 63 480 1,325 800 116 4,130 403 3.342 ,520 2,779 840 37.264 3,619 The nll reportlng of activities in the previvus year 2020 Ivas due to lockdowns from Covid-19 paMd¢mics. 3. GOVERNANCE COSTS 2021 2020 Bookkeeping and Accountancy 38 380
CHRIST APOSTOLIC CHURCH CITY OF DAVtD NOTES TO THE FINANCIAL STATEMF.NTS C0Tr4TINUED UR 'I'HE YEAR ENDLD 26'fH NOVEMBER 2021 4. NET IVIOVEMENT ILY FUtYDS FOR THE YEAR 2021 2020 The net movemen¢ io tsnds foi. the year is stat¢d after chargillg -_ Depi'eciation of tangible fixed assets- for u,se by the charity Accountancy fce 3,342 380 5. TRUSTEES, REMUNERATION No Trustee has had cxpenses reimburse41 in the year. There is no staff whose emoluments exceed¢d £60,000 durit)g the year 6. TANGIBLE FIXED ASSETS UIPMF.NT & COMPUTERS TOTAL 2021 TOTAL 2020 IN TRUMENTS UIP & FURN COST AS At 27th November 2020 Additions during the year As At 26th Novcinber 2021 3.653 6,550 Ilb,2113 3,817 4.3(Ml 8,117 7,469 10,850 18.319 7,469 7,469 DFPRFCIATION As At 27th November 2020 Charge for the yeai. As At 26th Novcmber 2021 2.723 1,870 4,S93 2.227 1,472 3,699 4.950 3,342 8,291 4,110 R4 4.950 NBV At 26th Iyovember 2021 2.S19 NBV At 26th November 2020 930 7. DEBTORS: AMOUIYT FALLING DUE WI'I'HIN IYR 2021 2020 Security Rent Deposit io
CHRIST AP08TOI.IC CHURCH CITY OF DAVID NOTES TO TIIE FINANCIAL STATEMENTS CON'I'IINUED FOR THE YEAR ENDFD 26TH NOVEMBER 2021 . CREDITORS:AMOUNT FALLING DUE WII'HIIY IYR 2021 2020 Sundiy Creditors Acciuals 4,138 380 4,518 4.138 4,138 9. UNRESTRICTED FUND F THE CHARtTY Unrestrlcted Fund Total 2021 Balance A5 At 27th Noveniber 2020 Movement in the funds foi. the yeai. Balance As Ai 27th November 2021 {324) 6,229 5,905 335 (324 Buildin Funds Total 2021 10. RESTRICTED FUNDS Balan¢¢ As At 27th November 2020 Movement in the funds foi. the year Balance As At 27th Novemb¢r 2021 11. ANAL YSIS OF NET ASSETS BETWEEN FULYDS Unrestricted Funds Restricted Funds Total 2021 Tangible fixed assets Net Cun'ent Asse18 10,027 (4,122) 5,905 10,027 (4,122) 5,905 ij