CHRIST APOSTOLIC CHURCH CITY OF DAVID 17 PEAR COURT EAST SURREY GROVE LONDON E15 6PF CHARITY REC. NUMBER 1126953 FINANCIAL STATEMENTS FOR THE YEAR EIYDLD 26.1 H tYOVEMBER 2022
CHRJST APOSTOLIC CHURCH CITY OF DAVID LEGAL Af4D ADMINISTRATtVE JNFORMATION TRUStEES.. P&stor Isaac Oluwuniyi-Asaaju (Cliaii.) Lady Evangelisi Oluwatown K. Oluwaniyi-As&aju (Mi's) Pastor Joshua Ajayi SF.CRETARY: Pastor Joshua Ajayi CHARITY NUMBEI R: 1126953 REGISTER&D OFFICE: 17 Peai'court East 8uiiEy Grove Londoii SE15 6PF BANKERS: HSBC BANK PLC RYE LANE PECKHAM RYE LONDON ACCOUNTANTS,. DANIJ£L FAMOK & ASSOCIATES ACCOUNTANTS & FINANCIAL CONSULTANTS UNIT 209 TUDORI.F.AII BUSINESS CENTRK 2_8 ITOUNTAYNL ROAD, tX)NDON NI54QL CONTEf4T: I. TIu8lees' Report 2. Independent examinees Report 3. Statement of Financial Activities 4. Balance Sheet S. Notes to the Accounts
CHRIST APOSTOLIC CHIIRCH CITY OF DAVID TRU8TEI ES, REPORT The Trustees have plehsure submitting their report and aceounts for year ended 26 November 2022. The finaDcial statements have been prepared in accordanct with the atcollnting polieieg set out on pages 6 to 7 4nd ¢omply wSth Statement of Reeommended Practlce {SORP 2015) ftnd the appllcable laiy. OUTLINE The Chi'ist Apostolic Church (City of David) is a Pentecostal Chwrh fouiided in London, United Kingdom Én 2007. It is open to 811 nationalities, rac&8, ages and sexes witl) the main objective of prea¢hiiig the gobpel of JESUS CHRIST fii"8tly the United Kingdom and to all over the world. Consltutlon Ob ectlves ol the Cbari Prlncl al Activltles and O anlsatlon of Oui. Work The charity Is constituted under a Trust Deed with registered charity number 1126953. The obje¢tiv¢$ of tkne ¢h$rlty as set out the CoDstltuUon are . (i) TO ADVANCE GF.NuF. PRACTICE OF THE, CFtRISTIAN FAITH (IN ACCORDANCE WITH THE S'l"A'l'Lh4LN'I'S 05,. EIELIL,FI tN SUCII WAYS AND tN SUCEI PARTS OF ThF. UNITF.D KINCIDOM OR THE WORLD, SHARtNG THE GOOD NEWS OF JESUS CHRIST WITH COMMUNITIES AROUND OUR CHURCH, OUR HOME AND WHERE EVER WE GO AS THE TRUSTEES FROM TIME TO TIME MAY THENK FIT. (2) TO RELIEVE SICKNESS AND FtNANCIAL HARDSFIIP AND TO PROMOTE AND PRESERVE GOOD HEALTH BY THE PROVISION OF FUNDS, FACILITIES, (iOODS OR OF ANY KIND, TNCLUDtNG THROUGH THE PROVISION OF COUNSELLtNG TO THE OPPRESSED. DEPRESSED, SLFPRESSED, FRUSTRATED, CONFUSED AND HOPELESS THROUGH SOUND AND FERVENT PRAYERS SUPPORT tN SUCH PARTS OF THE UNITED KINfjWM OR THE WORLD AS THE TRUSTEES FROM TIME TO TIME MAY THtNK FIT" AND {3) TO ADVANCE EDUCATION SUCH WAYS AND IN SUCH PARTS OF THE UNITED KINDOM OR THE WORLD AS TRUSTEES FROM TIME TO TEME MAY THtNK FIT. The Church engage8 in the following activities in order to rther th&q¢ objectives. a. Holding weekly ineetings whictk are op¢n to ihe public b. Running cominunity projects . OrgaNisin8 activitics and groups d. Warking closely with othei. Christian organisations The principal activitics of the Church are Christian worship. Christian outreach programmes to Increase Christian awai'eness and to spread the gospcl of Loi'd Jcsus Chrisi and development of the whole man
CHIUST APOSTOI,IC CHIIRCH CITY OF DAVtD TRLTSTE4 ES, REPOR'r CVN'I'INUEID spiritually, mentally and physically. W¢ hav¢ a iiumba" of volunteers who assist in helping us 8chieve our •bJeetlves. ChairmaTh's Report Thc fmancial year 2022 was less impacted on attendance recoi'ds than the COVID-19 era #nd previous year. During the ¢OUT5e of the yeai., the Chiirch has steadily progressed spiritually. We have had a numbei. of visÈtOTS attending our weekly services and we continue to pray thai they will one day accept Jesus Christ as thcii. Savioui. and Lord. Thi assembly in Cdmberwell, Pecldiam is growingj bul it we c] work togeth¢r wo can do 811 things through Chi'ist who strengthens us. The Brotherhood, Women, Youth and Sunday School ministries hayc been encouraged tts strive for excellence. Eacli department has submilted their objective8 for the forttKoming year 2022 and we look fgrward to seeing the frnits of these new visions. We have becn providing counselling services to members of the community. We have also embarked on various trainit]g pi'ogrammes to equip more chur¢li volunteers with the relevant counselling skills that will help thcin serve thc community better. The church is vcry keen at developing strong family Itfe in the coininunity and the Aatiots generally. To this end, we Iwve oi'ganised slid conducted a Positive Parenting worshop ill the year. The fornm addre5s¢d the issu¢ of coping wiih child upbriTr8in8 in a fast changing world. One-to-one personal evangelism 1$ ongoillg 2nd it is our desire lo the Co]tleS of Cambcrwell, Peckham and sori'ounding ai'eas The charity continued to identify with it8 Pllblic Benefits functions by pursuing its pra¢ti¢al policy of (CSRI Corporate Social Responsibilities, as a church. by dgnating monthly food contt'ibutions to th¢ 'W¢ Can Food Bank Lind Sacred Health in South East London" Prayers for thc sick also coiitinues to be eayried out whether by horn¢ visit or via the telephone. An ongoing objective of the charity is to pur¢lia8e its own premises. During the year we went to view various potential places of woi3hip, and it)d¢ed came very close to puirhasing ort¢ of them bu¢ due to circumstai)ces beyottd our Conti'ol w¢ wer¢ unable to complete the deal. Future Aims To Continue to d¢velop and inspire the chllreh's knowledge of God's word. To sce more souls being saved for the Kingdom of God; To"end¢avoui to keep the utiity of the spirit in the bond of p¢aee" Ephesians 4'.3' To be su¢¢¢ssful in th¢ purchase of our own church building aecominod&tiott whieh can be dedicated to the glory ofGod- and to do more piYctical work within tlie local Community and beyond. Thss will include h¢lping at an established soup kitchen, and also coniributfftg 5010 of fid raised from baking foi. our %und&y 8chaol Davidic Kiiehen to a local charity.
CHRIST APOSTOLIC CHURCH CITY OF DAVID TRUS'fEE8' REPORT CONTINUED Achievements and Performance a) Revlew of Actlvltles The charity has built on previous developments and successfully ministered lo the needs of diverse social groups both within and outside the church.11 provides forums for personal development, equipping members educationally. socially. and spiritually. Counselling services are available for the noedy and unemployed, along with referrals when necessary. The charity offers counselling to community members and has launched training programmes to equip volunteers with essential counselling skills to serve better. A Youth ChuTch has been established where teenagers gath8r on Sunday afternoons in a caring and supportive atmospherè. The charity continues to fulfil ils mission by crealing opportunlties for holistic d8valopmenl spiiilually, mentally, and physically. Time, 8n8rgy, and resources have been invested inlo adivities and programmes aimed al prov&nling youth crime, depression. child abuse, and other social vices that negatively impact society- Financial Reviow Reservès Pollcy The Trustees have set a policy for unrestricted funds (free reserves) not committed or invested in tangible fixed assets, to be Tnainlained at a level equivalent to thre6 months, annual expenditure. This ensures that the charity can continue its activities in the event of a significant drop in funding. Risk Polic The Trustees have assesscd the major risks to which the Chdrity is exposed particularly those relating to the operation and finance and are satisfied wilh the risk manag¢Jncnl systems in place to mitigate the risk exposure to the Chaiity. Review of the financial The net incoming resources for the year amountsd to a defiLit of £1,211 (year 2021 was a surplus of £6,229) and all of which are set against th¢ unr¢stricted reserves of ihe charity.
CHRIST APOSTOLIC CIIURCH CITY OF DAVID TRU.STEES' REPORT CONTINUEID BThard of Trustees The curitnt members of the board of trustees sevving the elkarity were . Pastor Isaac OluwaDlyi-Asaaju (Chair) Lady Evangelist Oluwatoyin K. Oluwaniyi-Asaaju (Mi'8) Pastor Joshua Ajayi APPROVAL This report Was given appi'oval by the board of ttwtees on the 25th September 2025 and signed on ils bchalf by Secretary . P*$tor Joshua Ajayi
I NDENT EXAMLNER'S REPORT TO THL'I'RUSTEEIS OF CHRIS'I APOSTOLIC CHURCH CI'A'Y UTr J)A VID CHARI'I'Y KL< G. NUMBER 1126953 FOR THE YEAR ENDED 26'fH P40VEMBER 2022 I report on accounts of ibe Ti'ust foi. year end¢d 26th Noven]ber 2022, which are set out on pages 6 to I I RESPECTIVE RESPONSIBILITIEI S O TEE D EI XAMINER The chai'ity trustees are J'esponsible for the pirparation of the accounts.The Charity's ti'us*ees considei. that an audit is not requii'ed fi)J' this yeai. under s¢¢lion 144 {2) of th¢ Charities Act 2011 {the 2011 Act) and that an independent examination is needed. It is my respoiisibility to examine the accounts under section 145 of the 2011 Act, follow the procedures laid down ill the general Direction5 given by the Charity Conunission under sectioJ] 145 (5} (bl of the 2011 Act,. and state whether pai'licular matters have come to My attention. BASI F INDEPEYDENT EXAMif4ER'S REPORT My examination wa% carried out in accoi'dance with the g¢neral Diiections given by the Charity Conunisbioii. An examinatiuTr inLludes a review of ihe a¢countin8 Fecords kept by the charity and a eoniparison of the accounts pi'esented with those re¢ords. It al80 Èiicludes consideration of any unusual iten)s or disclosures in the accounis, and seekillg explanatÉons from you as knste¢s concerning any such mallers. The procedures undcrtaken do not provide all the evidence that would be required ji] in audit and con5¢qucntly no opillion is giv¢n as to wliether the accounts pres¢nt a'liTh¢ and vi¢w and th report is lin)ited to thos¢ matt¢iB set out in the gtstement below. NDEPENDENT EXAMINER, STATEMENT It) connectioii with Thy ¢xamination, no m&tter has come to my attention '. l) whi¢li gives me IEasonabl¢ ¢2US¢ to beli¢v¢ that in any material respect the requirrJn¢iits.' to keep a¢¢ouDting records in accordance with section 130 of the 2011 Act. and * to prcpare accounts which accord with the accountrng records and Comply a¢¢ounting requirements of the 2011 Act have not b¢en met,. or ¢h,i n, attention sho be reached. d be drawn in order to enable a proper understanding of the AMAKIN ( Mse, FCA ) DAf¥lEL AMOK & ASSOCIATES ACCOUNTANTS & FIf4ANCLiL CONSULTANTS UNIT 209 TUDORLEAF BUSINESS CETr4TRE, LONDON 2-8 FOUNTAYNE ROAD, N15 4QL. 25th SepteJDber 2025
CHRIST APOSTOLIC CHURCII CITY or DAVID SI'A'I'LMLIY'R. Ob VINANCIAI. AcrtVlTIF,S FOR THE YEAR ENDED 26TII Tr40VEMBER 2022 Notes Unre5trieted Funds Restrleted uThd$ Total Nov-22 Totxl Nov-2J INCOMING RESOURCES INcomiiig Rcsoiiicesfivm ggnerotedfund3 Voluntary Incorne Investment Jncome HMRC Gift Aid Tax Reclaims litLwiJtiiig ResoiiJt¢.vf*oKI ChdFltllbleAL'tivili Oihei. Incoming Resources 33,237 33,237 43,873 994 994 Total InConllg Resources 34,231 34,231 43,873 RESOURCES CI XPENDED Chaj'itable ALtivili 34,942 34,942 37,264 Governaiice costs 500 500 380 Tntal resoui'ces expended 35 42 NET MOVEMENT IN FUNDS (1,211} {1,211) 6,229 RE ILIATION OF FUNI)S Totsl funds brought fonyard 5.905 5,905 13241 Total funds carrled forw&rd 4,694 There were no recognised gains or loss¢s for the yeaT other than those included in the Statcment of Finaticial Activities. All incoming resoLtires and resourccs cxpcndcd derive fi'oiT) continuing activiti. The notes on Pages 5 to 8 form part of these accounts.
CHRIST APOSTOLIC CHURCH CITY OF DAVID BALANCE SHEET AS AT 26TH NOVEMBER 2022 Notes 2022 2021 FIXED ASSETS Tangible Fixed Assets 10,1127 CURRENT ASSETS Debtors Cash at Bank and in Hand 1,666 396 1,666 396 LESS CREI DITORS: Amounts falling due within one year NET CURRENT ASSETS (3,3521 (4,122) TOTAL ASSKTS LESS LIABILITIES REPREI SENTED BY: Unrestii¢¢¢d Funds Restricted Funds 4,694 5,905 10 Approyed by the Board of Trustees on the 2Sth September 2025 and slgned on Its behglf by :_ Pastor Isaxe OluwxniyA-AsaaJu (Chalr)
CHRIST APOSTOLJC CHURCH CITY OF DAVID NOTES TO THE FINANCIAL STA TEMENTS FOR THF YFAR FNDED 26TH NOVEMBER 2022 I. ACCOUNTING POLICIES The financial statements have been prepared in accth'dan¢e with the accounting policies set out in notes to the accounts and comply with the chai'ity's governing documeril, ch¢ Chai'ilies Act 2011 and Accounting and Repoiting by Charities.. Statement of Recommended Practice (SORP) applicable to charities peparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Trelknd published on 16ih July 2014. 1.1 IneomiRg Resources BuildiJJ Funds In¢onie fiDtn donations for building are included in voluntary incoming resources Df restricted funds on Ceipt. Voluntar In¢ome Inconie froin tithes and offeiings collected are included in voluntary incoming I'esour¢es when these are receivable. Gift Aid Tax Re ment Claim Tax r¢payThents due from HM Revenue & Customs in respect of membe15' giving are Èncluded in in¢oming resources and I'estricted for buildig funds when rcceived. Other Income Thes¢ Lumprises otiier ME¢]an£0us income and are 8ecounted for in the period in which it is entiiled. Income from Chari¢Able Activities Th¢se Sre chJ'istiaJi books and materials sold to church m¢mb¢rs and all of which are included in unrestricted funds wh¢n rec¢iv¢d. Investment Income Inveslmeni Inci)mc consist of net ithterest received during the yeai. and accounted as unrestsi¢ted fui)d. Cash floiv statement The Charity has taken advantage (Trf the cx¢mption in financial Reporting Statard No l from the re4uirenkents to produce a cashflow statement on the grounds that it qualifies as a small cliarity. 1.2 Resources expended Restsurcts cxpended gre included in the Statein¢nt ofFinan¢ial Activities on accIal bases, inclusive of any value added t8x (V AT) which cannot be ircOv.ed. Cei'tain expenditUT¢ ar¢ Attributable lo specific activitl¢s and hav¢ been included in tliosc cost categories.
C.HRIST APOSTOLIC CHURCH CITY OF DAVID NOTES TO THE FINANCIAL STATF,MF.NTS COhlTINUED FOR THE YEAR LDIDED 26TH NOVEMBER 2022 1.3 Tangible Flxed Asset,5 for use by the eharlty Depreeiatio Tangible fixed asscls for use by the Charity are stated at cost less depreciation. Depi-eciation is calculalcd to wi'ilc off thc co%t Icss cstimalcd residual value of fixed assets, ovcr their estimated useful lives on t]ie following basis.. Computers, Equipment, Furnituir & Fittings 25ts/ per annum. Musical Equipmeiits & Instrum¢nts 25.kn per annum. Unrestricted Restrieted nrestricted Fund Fund Fiind Nov-22 Nov-21 2. CHARITABLE ACTIVITIES Pastoral Allowances Evangelism & Overseas Missions Honoraria and gifts Hall Rental, Storage and Service Charges Donations to Othei. Chai'ities Members, Welfare, Suppoi'l & Benevolcnce Pyinting, Postage and Stationery Bank Charges and Jntcrest Travelling & Motor Expenb¢s Church Malerials & Consumables Insuran¢¢ P]uM8 Electricity, heating 8nd Water Church Matcria15 & Consumables Volunteei'8' & Workers, Expenses Equipm¢nts Repair & Renewals D¢pre¢iation of fixed assets Telephone & fax 160 1.573 2.890 15.680 125 3,680 100 59 54 29 ,325 800 354 3,775 145 2,681 1,512 450 1,905 3,560 15.600 190 3,185 195 63 480 5,325 800 116 4.130 403 3.342 1,520 34,942 37,264 3. GOVERNANCE COSTS 2022 2021 Bookkeeping and Accounlancy 380 3811 500
CHRIST APOSTOLIC CHURCH CITY OF DAVID NOTEI S TO THE FINANCIAL STATF.MFNTS COPUINUED FOR THE YEAR ENDED 26TH NOVEMBER 21)22 4. NET MOVEMENT IN FUNDS FOR THE YEAR 2022 2021 The nel movement in fvnds foi. the year is slated after ch'gIng =_ Dcpreciation of tangible fixed assets- foi. use by the chai'ity Accountancy fee 2.681 500 3.342 380 S. TRLSTEES, REMUNERATION No Trustee has had expenses reimbursed in the year. There is no staff wh08e emoluments exceeded £60,000 during th¢ year 6. TANGJBI.E FIXFD ASSFTS UIPMENT& OMPUTBRS TOTAL 2022 TOTAL 2021 NSTRUMENTS E uir&FU COST AS At 27th November 2021 Additions during the year As At 26th November 2022 10,20.1 700 8,117 18,320 700 7,469 10850 18,319 10,903 8,117 19,020 DEPRECIATION As At 27th November 2021 Charge for the yeai. As Ai 26th November 2022 3,699 1,105 4,804 8,292 2,681 10,973 4,950 3,342 8,292 1,578 6.171 NBV At 26th November 2022 NBV At 26th November 2021 4,417 AO.027 7. DEBI'ORS: AMOUN'f FALLING DUE ONE YEAR 2022 2021 Securtty Rent Deposil io
CHRIST APOSTOLJC CHURCH CITY OF DAVID NOTES TO THE FINANCIAL STATEMENTS CONTINUED FOR'fHE YEAR ENDED 26TH NOVFMBFR 2022 8. CREDITORS:AMOUNT FALLING DUE WITHIN IYR 2022 2021 Sundry Creditoi's Acciuals 4,138 880 5,018 4.138 380 4,5111 9. UNRESTRI TEDF ND OF THE CHARrrY Unrestricted Fund 2022 Total 2021 Balance As At 27th November 2021 Movement in Ihe funds foi. the yeai. Balance As Ai 27th November 2022 5,905 (1,211 4,694 {324) 6,229 Buildin Funds Total 2022 RESTRI TED FU Balance As At 27th Nov¢mber 2021 Movctn¢nt in the funds for the year Balanc¢ As At 27th November 2022 I I. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted Restrl¢ted 14unds unds Total Tangible fixed assets Net CuiTeiit Assets 8,046 (3,352) 8,046 (3,352 4,694 li