CHIUST APOSTOLIC CHURCH CITY OF DAVID 17 PF.AR COURT fi.AST 8URRFY C.ROV LONDON SE15 6PF CHARITY REG. NUMBER 1126953 FINANCIAL STAT£1 ME]YTS FOR THE YEI AR ENDED 26TH NOVEI MBER 202
HIUST APOSTOLIC CHURCH CITY OF DAVID L£ AL AND ADMINISTRATIVE XNFORMATION TRUSTEEI S: Pastor Is#a¢ Oluwaniyi.Asaaju {Chair) Lady Evangelist Oluwatoyin K. Oluwaniyi-A5aaju (Mi%) Pastoi. Joshua Ajay S14CREI TARY: Pastor Joshu& Ajay CHARITY NUMBER: 1126953 RLGISTERED 17 Pear Court East SuKr¢y Grove London SE156PF BANKERS: 14S8C BANK PLC RYE LANE PECKIIAM RYE LONDON ACCOUNTA DANIEL FAMQK & ASSOCIATES ACCOUNTAiYTS & FINANCIAL C.ONSUL"I'ANrs iINIT 209 TIIDORLEAF BUSINESS CLNTRE 2.8 bXIUNTA YNF. ROAD, .(TrNI)ON 15 4QL CONTENT: l. Trust¢, Report 2. Independent examinevs Report 3. Stateinent of Financial A¢livitie$ 4. Balance Sheet 5. Notes to the Aecounts
CHRIST APOSTOLIC CHURCH CITY OF DAVID TRUSTEES, REPORT The Ti'usttes hAv¢ pl¢#sur¢ in $ubmitilmg thepr report and accounts for yeai. ended 26 Nov¢mb¢r 2023. The finaMciAI stAtement8 h&ve been piypayed in Aeeordanee with the accounting policies 8¢t out o PAEes 6 to 7 And comply with Statement of RecoThmeRded Practice (SORP 2015) 8Dd the applicable law. OUTLINE The Christ Apostola¢ Chyrth {City of David) is a Pent¢Gostal Chuirh founded in London, United Kingdom in 2n07. It is Open to all n2tiollalities, races, ages and sexes with the main objective of pr¢a¢hing the gospel of JLSUS C14R]ST firstly in the United Kingdom and to all over the WOTId. Consttution Ob'eclives ofthÈ Chari Princi Activitie5 O anisatlDTr of Oui. Work The charity is constituted under a Trust Deed with registered tharity number 1126953. Tlie obJertivÈs of the charity as set out the ConstitutioR Are: (i) TO ADVANCE GENUINE PRACTICE or THE CHRISTIAN FAITH {IN ACCORDANCE WITH THE STATEMENTS OF BELIEF) IN SUCH WAYS AND IN SUCH PARTS OF THE UNITED KINGDOM OR THE WORLD, SHARING THE GOOD NEWS OF JESUS CHRIST WITH COMMUNITIES AROUND OURCHURCH, OUR HOME AND WHERE EVER WE GO AS THE TRUSTEES FROM TIME TO TIME MAY THINK FIT., (21 TO RELIEVE SICKNESS AND FINANCIAL HARDSHIP AND TO PROMOTE AND PRESERVE GOOD HEALTH B Y THE PROVISION OF FUNDS. FACILITIES. GOODS OR SERVICES OF ANY KIND, tNCLUDING THROUGH THE PROVISION OF COUNSELLJNG TO THE OPPRESSED, DEPRESSED, SUPPRESSED, FRUSTRATED, CONFUSED AND HOPELESS THROUGH SOUND AND FERVENT PRAYERS SUPPORT tN SUCH PARTS OF THE UNITED KtNGDOM OR THE WORLD AS THE TRUSTEES FROM TIME TO TIME MAY THINK FIT; AND 13) TO ADVANCB BDUCATION IN SUCH WAYS AND JN SUCH PARTS OF THE UNITED KD0m OR THE WORLD AS TRUSTEES FROM TIME TO TIME MAY THINK FIT; The Church engAges the following activilies in ol'der to fuiiher these obje¢tives. a. Holding weekly me¢tings whi¢h ar¢ op¢n to the public b. Rurning commut]ity projects Organising a¢tivities and groups d. Working closely with other Christian 0lBanisation8 Tlie pi'incipal a¢ttviti¢s of the Church are Chiislian Worship, Chi'i5tEan outtrach PTO8ramEne$ to Èn¢r¢as¢ ChT15tian awareness &nd to spread the gospel of our trd Jesus Christ and development of the whol¢ man
CHRIST APOSTOLIC CHURCH crry OF DAVID TRUSTELS, REPORT CONTINUED spiritually, mentally and physically. We have a nllMb of volunteers who a5SÉSt in helping us echi¢v¢ our obJetlives. ChairmgD's R¢port Dui'ing the CO$e of the year. the Chui'ch has steadily progressed spiriallY. We have had a number of visito1% aitending oui. w¢ekly s¢rvices and we continue to pray ihal th¢y will one day accept Jesiis Christ as theii. SavEour and Lord. The asstmbly in Camberwell, Peckham is growing, but if we Can work togetkr we can do all things through Christ who strengthens u5. Th¢ Broih¢rhood, Wornen. Youth and Sunday School ministries have becn ¢ncourdged to strive for cxcellence. Each department has submitted their obje¢lives for the forthcoming year 2022 and l(x)k foiwavd to seeing the fruits of these new visions. We have been pi'oviding counselling serviees to members ofihe communEty. We have a150 embarked on vai'iou5 tTainin8 programmes to eqiiip more church volunteers with the I'elevan¢ counselling skills that will help them serve the community bett¢r. The chuKh is very keen at developing str(>ng fJmily life in the community and the n&tton gener&lly. To this &Jd, we hawe oi'ganised and oonducted YI Positive Parenting worshop the year. ThE fowm addrc5sed the issue ofcopivg wilh child upbringing in a fast changing world. one-to.one persona] evangelism 1$ ongoing and it is our de5ilE to the communities of Camberw611, Peckhaim and soi'roiillding areas The Lh#rEty ¢Dntiiiued to identify wilh its Public Benefits funGtions by pursuing its pra¢ti¢al policy of (CSR) Corpoi'at¢ Social Responsibilities, as a ¢hur¢h, by dotiattng monthly food ¢ont¥ibutions to th¢ "W¢ Can Food Bank and Sa¢r¢d Health in South East Londvn" Prdyers foi. the sick also continues to be Carried out wheth¢r by home visit or via the telephone. An ongoii)g objective of the charity is to purchase it5 own premises. During the ye&rwe wentto view various potentsal places of worship, and indeed came very close to purchasing on¢ of them but due to circum5tan¢es beyond our conti'ol w¢ wer¢ unable to complete the deal. Future Aims To ¢ontinue to develop #nd inspir¢ the chLJrch's knowledge of God& word; To see fftOT¢ souls bcing saved foi. th¢ Kingdom of God- To "endeavour to keep the unity ofthe spirit in the l)ond of pe4¢¢". Ephesialls 4=3,. To be su¢¢$1 in th¢ purchase of our own Church building aceon]modation which can be dedicated to the glory of God. and to do more pradi¢al work within the local Community and beyond. This will in¢lude helping at an established soup kitchen, and also ¢ontributing 50Vp of fund raised from b8kin8 for our Sunday School Davidic Kitche to a local ¢harity.
CHRIST APOSTOLIC CHURCH CITY OF DAVID RIJSTEI ES, REPORT CONTINUED Achievements and Performance a) Rèvi6w of Activitlos The charily has built on previous developments and successfully ministered lo the needs of dive15e social groups both within and outside the church. It provides forijms for pèrsonal dav•lopmenl, equipping members educationally, socially. and spiritually. Counselling services are available for the needy and unemployed, along with r6ferrals when necessary. The charty offers counselling lo community members and has launched training programmes to equip volunteers with essential counselling skills to serve belter. A Youth Church has been established where teenagers gather on Sunday afternoons in a caring and supportive atmosphere. The charity continues to fulfil ils mission by creating opportunitios for holistic development spiritually. mentally, and physically. Time, energy, and resources have been inve51ed into acts'vits'es and programmes aimed al preventing yoyth crime, depress¢on, child abuse, and other social vlce8 that negatively impact 8ociety- Financial Review Reserves Policy The Trustees have set a policy for unrestricted funds (free reserves) not committed or invested in tangible fixed assets, to be maintained at a level equivalent lo three months. annual expenditure. This ensures that the charity can continue its activities in the event of a significant drop in funding. Risk Poli The Trustee5 have assessed the major risks lo which the Charily is exposed pai'liculai'ly those relating to the oper&tion and finance and are satisfied with the risk tnanagement systems in place to mitigate the risk exwsure to the Charity. Review of the financial osition The net incoming resources foi. the year amounted to a deficit of £2,752 (year 2022 was a deficit of £1,211) and all of which al'e set against the unre91ri¢ted reserves of the chai'ity.
CHRIST APOSTOLIC C.HURCH CITY OF DAVID TRUS'I'EES, REPORT CONTINUED Board of Trustee5 The Current members of the board of trustees serving the ¢harity were ". Pastor Isaac Oluwantyi-Asaaju (Chaii.) Lady Evangelist Oluwatoyin K. Oluwaniyi-Asaaju (Mi's) Pa8tor Joshiia Ajayi APPROVAL This rewrt was given approval by the boatxl of Ii'ustees on the 25th September 2025 and signed on its behalf by :_ retary . P*stor Joshua Ajayi
INDEPENDENT EXAMLT44ER'S REPORT TO THE TRUSTECI s or CHRI.8T APOSTOLIC CHURC".H CITY OF DAVID CHARITY REG. NUMBF.R 11269$3 FOR THE YEAR ENDII D 26TH NOVEMBER 2023 I report on ac¢ounts of the Trust for year ended 26tli Novembei. 2023, which arc sct out on pages 6 tt> 11 RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER The chai'ity tnjslees are responsible for the preparat&OEJ of the accounts.The charity's tnjstees considei. thal an audit is not requii'ed for this year under wtion 144121 of Ihe Charities A¢t 2011 (the 2011 Act) nd that an independent examination is needed. It 1$ my responsibility to.. examine the accounts under section 145 of the 2011 A¢t, * follow tlie pro¢edures l&id down in the general Directions given by the Charity Commission under section 145 {5) (b) of the 2011 Act; and state whethei. parti¢vlar mattel'5 have com¢ to my attention. BA IS OF INDEPEI NDENT EXAMINER'S REPORT My examination was carried out in accordance with ihe general Directions given by the Charity Commission. An ¢Kamillation irtGlud¢s a review of the acco)unting T¢Gurds kept by th¥ LhaTily and a comparison of the 8c¢ollntS PlE5ellted with those records. It also includes considerolion of any unusual items or disclosures in ihe accounts, and se¢king explanations from you as tsustees concerning any such mallers. The procedures undeJtaken do not provide all the evidence tha( would be required in an audit and consequently no opÉnion is given as to wh¢th¢r the a¢¢ounts present a'tiue and fair, view and the Irport is limited to those Inattei% out in the statement below. INDEI PENDENT EXAMINER'S STATEMENT In connection with my examination, no matt¢r h3s com¢ to my attentioll :_ l) whi¢h gives me Teasonable Cause to b¢lieve that in arjy material respect the requirements.. to keep a¢countÉng re¢ords in a)rdae with section 130 of ihe 2011 Act,. and ) prepare accouthts which accord with the accounting records comply accounting r¢quirem¢nts of th¢ 2011 Act have noi been met- or 2) 10 Jnmy nion, attention hcd. uld be dr&wn in order to ¢nable a proper understanding of the c,VCA) DANIEI. FAMOK & ASSOCIATES ACCOUNTANTS & FINANCIAL CONSULTANTS IJNIT 209 TUIM)RI,F.AF BUSINESS CENTRE, iDNDON
8 II'OUIY'I'A YNLI ROAD, NIS 4QL 25th September 2Q25
CHRIST APOSTOLJC CHURCH CITY OF DAVID STATEI MENT OTr. VINANCIAL ACTIVITllIS FOR THE YEAR ENDED 26TH LYOVEIVIBKR 2023 Notes Unrestricted Fumds Restricted inds Total Nov-23 Totsl Nov-22 INCOMING RESOURCE 1COl{¥Rej'olÉl'cefIoI geneyutedfiinds. VoluntAry Income Invcslmcnt Incomc HNfFiC Gift Aid Tax R¢Glaim5 IvcolliiNgResoiiirgsfivJpi ChaJ'ilobleAclivitie Oihei. Incoming Resoupres 34.117 34,117 33,237 215 215 994 Total IM¢omillg R¢sour¢¢s 34,332 34,332 34,231 RE OURCES EXPENDED Churilable Activitie 36,583 36.583 34,942 Govei'naKce cosis 500 5(K> 500 Total rosourees expended 3&442 NET MOVEMET+rr IN FUNDS (2,752) (2.752) (1.211) RECONCILIATION OF FUNDS Total fmnds brought forward 4,694 4ffj94 5,905 TotAI funds CL4rried forward 1,942 1,942 4,694 There We no Rtcognised gains or losses for the year other than ihose included in the Statement of Financial Activities. All incoming I'esources and I'esources expended derive from continuing activities. The notes on Pages 5 to 8 foi'jn part of these accounts.
CHRIST APOSTOLIC CHURCH CITY OF DAVID BALANCE SHEET AS AT 26TH NOVEMBER 2023 Note 2023 2022 FEXED ASSETS Tangible Fixed Assels CURRENT ASSETS Debtors C&sh at Bank and ID Hand 1,426 1,666 1,426 1.666 LESS CRFDITORS.. Amounts failing du¢ wÉthin one year NET cuRREp ASSKTS (4.092) {3,352) TOTAL ASSETS LESS LIABJLITIES 1.942 REPRESENTED BY: Unrestricted Funds R¢sts'i¢ted Punds 1,942 4,694 94 Approved by the Board of Tru$le¢s the 25th S¢pt¢mber 2025 And 8igxed Its behalf by :" P#stor 15#Ae Oluw#nlyl-AsaaJu (Chair)
CHRIST APOSTOLIC CHIJRCH CITY OF DAVID NOTES TO THE FINATrCIAL STATELIIENTS FOR THE YEAR ENDED 26TH NOVEMBfi.R 2023 I. ACCOUNTING POLICICI S The financial slatements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the chai'ity's governing do¢umeF)t. the Charities Act 2011 and Ac¢ounling and Reporting by Cliarities.. Statemenl of Recommended Practice (SORP) applicable to charitie5 pi'epai'ing thcii. accoujits in accordance with the Financial Repoiting Standard applicable in the UK and Republic of Ireland published on 16th July 2014. 1.1 Incomiiig Resourtts Buildin Funds Incoine from donation5 for building al'e included in voluntary incoming wour¢es of restri¢ted fi]nds on receipt. Volunta Income Ii)come froin tithes and offerings collected al'e included in volut2tary in¢oming resources when these re receivable. Gift Aid Tax Re ment Claim Tax r¢payments due from HM Revenue & Customs in respect of memb¢rs' giving are included in it]coining Ir50urces and IE5tri¢ied for building when received. Other Ineome These ¢omptises oth¢r MI¢11ae0uS incojne and are accountd for in the period in which it is ¢ntitled. Income from Chgritable Activities Thes¢ are chiistian books and m8tei.ials sold to chuirh members and a[ of which are included tn nrestricted funds when received. Investment Income Investment Income consist of nel interest received during the year and acmunted as unre5tiioled fund. Cash ftlow ststement The Charity has taken advantage of the exemption in fiEHncial Rypoi'iing Standard No I from the requiJE]nentS to produce a ca5hflow ststement on the giDunds that it qualifie8 as a Sn1[ chaTEty. 1.2 Resourees expended Resources ¢xp¢nd¢d are included in the Statement of Financial A¢tivities on arUal bases, i]Usive of any value added tax (VATI whi¢h cgnnot be recovered. C•1ain expenditure are attributable to specific Ectivities have been included in th05¢ C05t categories.
CHRtST APOSTOLIC CHURCH CITY OF DAVID NOTEI S TO THI FINANCIAL STATEMENTS CONTINUED FOR THE YEAR ENDEI D 26TH NOVEMBER 2023 1.3 Tangible Fixed Assets for use by the ¢harity and DeprecÉation Tangible fixed assets foi. use by the Charity are staled at cost less depreciation. Depreciation is calculated lo wi'ile off the cost less estimated residual value of fixed assels, ovei. their estimated useful lives on th¢ following basis: Compulei's, Equipment, Furnitui'e & Fillings 25ts/¢J per annum. Musical Equipmenls & Insti'umenls 25% per annum. Unre$tYict¢d Restri¢t¢d nrestri¢ted Fulld Fund Fund Nov-23 Nov-23 Nov-22 2. CHARITABLE ACTIVITIES Pastoral Allowances F.vangeli.qm & Ovcrseas Missions Honorai'ia and gifts Hall Rental, Storage and Seryice Chaiges Donations to Ott]er Charities Members, Weifai'e. Support & Benevolence Pi'inting, Postage and Stationery Bank Charges and Interest Ti'avelling & Moloi. Expenses Chui'ch Mateiials & Consutnables Insurnnce Prcmiums Electricity) heating and Water Chui'¢h Materials & Consumables Voluiiteers, & Worke13' Expenses Equipments Repair & Renewals Depreciation of fixed assets Telephone & fax 250 3,818 2,630 15,600 290 4,320 15 78 130 20 1,325 800 176 3,620 160 1,573 2,890 15,680 125 3,680 loo 59 54 29 1,325 800 354 3,775 145 2,681 ,512 2,011 1.500 36,583 34,942 3. GOVERNANCE COSTS 2023 2022 Accountancy & Independent Examination fees 500 500 500 soo
CHRIST APOSTOLIC CHURCH CITY OF DAVID NOTES TO THE FINANCIAL STATEMENTS CONTINUED FOR THE YEAR EF4DED 26TH NOVEIVIBER 2023 4 NET MOVFMENT IN VUND.S FOR THf, YFAR 2023 2022 The net movement in funds for the year is stated aftei. chai'ging Depreciation ofiangible fixed assets- for use by th¢ charity A¢counlan¢y fee 2.011 500 2,681 500 5. TRUSTEES, REMUNERATION No Ti'ustee has had expenses reimbw3ed in th¢ year. There is no staff whose emolutnenls exceeded £60,(M)O dui'ing the year 6. TANGIBLE FIXED ASSETS UIPMlINT& C MPUTERS TRIJMENfs L uJp& ruRN TOTAL 2023 TOTAL 2022 COST As At 27th November 2022 Additions dui'ing the year As At 26th November 2023 10,903 8,117 19,020 18,320 700 10.903 8.117 19,020 19,020 DEPRECIATION As At 27th November 2022 Charge foi. the yeai. As Ai 26th Novembei. 2023 6,171 1,183 7,354 4,804 828 5.632 10,975 2,01 12,986 8,293 2,681 JO.974 NBV At 26th November 2023 34 46 NBV At 26th November 2022 4,732 3J13 7. DEBTORS: AMOUNT FALLINC. DUE ONE EAR 2022 Security Rent Dep05iÈ io
CHRIST APOSTOLIC CIIURCII CITY OF DAVI NOTES TO THE FINANCIAL STATEMEI NTS CONTINUED FOR THE YEI AR E7+4DED 26'1'H NOVLMIILR 2023 8. CREDITORS:AMOUNT FALLING DUE WITHIN IYR 2023 2022 Sundry Creditors Accruals 4.138 1,380 5,518 4,138 880 S,018 9. UNRESTRICTED FUNDS OF THE CHARITY Unr&stYicted Fund 2023 TotAI 2022 Balance As At 27th NoveTnber 2022 Moveineiit in the fund8 foi. the year Balance As Al 27th November 2023 4,694 2,752 1,942 5,905 1,211) 4,694 Buildin Funds Total 2023 10. RESTRICTED FUNDS Balanc¢ As At 27th November 2022 Movement in the funds for the year Balance As At 27th November 2023 11. ANALYSIS OF NET ASSETS BETWEEN FUNDS Unrestricted Vunds Restrieted Funds Totsl 2023 Tangible fixed assets Net Current Assets 6,034 4,092 1,942 6,034 4,092 1,941 li