CHRIST APOSTOLIC CHURCH CITY OF DAVID 17 PEAR COURT EAST SURREY GROVE LONDON SE15 6PF CHARITY REG. NUMBER 1126953 FINANCIAL STATEMENTS FOR THE YEAR ENDED 26TH NOVEMBER 2024
CHRIST APOSTOLIC CIIURCH CITY OF DAVID LEGAL AND ADMINISTRATIVE INFORMATION TRUSTEI ES: Pastor Isaac OluwanAyi-Asaaju (Chair) Lvang Oluwatoyin K. Oluwaniyi-Asaaju {Mi's) Pastor Joshua Ajayi SECRETARY: Pastor Joshua Ajayi CHARITY NUMBER: 1126953 REGIST£4 RED OFFICE: 17 PEAR COURT, EAST SURREY GROVE LONDON SE15 6PF UNITED KINGDOM BANKERS: HSBC BANK PLC RYE LANE PECKHAM RYE LONDON ACCOUNT ANTS: DANIEL FAMOK & ASSOCIATES ACCOUNTANTS & FINAI¥4CIAL CONSULT ANT4 UNIT 209 TUDORLfi AF BUSINESS CENTRE 2-8 FOUNTAYNL ROAD, LONDON NA5 4QL CONTENT: l. Trustees, Report 2. Independent examiner's R¢port 3. Statement of Financial Aetivities 4. Balanee Sheet 5. Notes to the A¢¢ounts
CHRIST APOSTOLJC CHURCH crry OF DAVID TRIJSTEEI S, REPORT The Tiwstees have pleasure in submlttiNg their rtport and aeeoMiits for year ended 26 November 2024. The financifil stfitements hav¢ been prepared Aceordanee wltli tlie accoiinling pollcies set out o pAges 6 to 7 compty with StitetNtMt of Re¢omm¢ndl Prgctite (SORP 2019) and the appli¢able IAW. OUTLINE The Christ Apostolic Chuych (City of David) is a Pentecostal Church founded in London, United Kingdom in 2007. It is open lo all nationalitics, races, ages and sexes with the main objective of pIE&ching the gospel of JESUS CHIUST firsily in the United Kingdom and to all over the world. Con8tituti Ob'ectives of the Chari Prin¢1 al Activities alld Or nisation of Our W rk The charity is constituted under a Trust Deed with registered charity number 1126953. The obje¢tives of the Charity as Set out in the Constitution are :. (i) TO ADVANCE GENUINE PtiACTICE OF THE CHRISTIAN FAITH (IN ACCORDANCE WITH THE STATEMENTS OF BELIEF) tN SUCH WAYS AND IN SUCH PARTS OF THB UNITED KtNGDOM OR THE WORLD, SHARtNG THE GOOD NEWS OF JESUS CHIUST WITH COMMUNITIES AROUND OUR CFtURCH, OUR HOME AND WHERE EVER WE GO AS THE TRUSTEES FROM TIME TO TIME MAY THINK FIT. (2) TO RF.LIEVE SICKNESS AND FINANCIAL HARDSHIP AND TO PROMOTE AND PRF.8ERVE GOOD HEALTH B Y THE PROVISION OF FUNDS, FACILITIF.S, CIOODS OR SERVICES OF ANY KIND INCLUDING THROUGH THE PROVISION OF COUNSELLING TO THE OPPRESSED, DBPRESSED. SUPPRESSED. FRUSTRATED. CONFUSED AND HOPELESS THROUGH SOUND AND FERVENT PRAYERS SUPPORT tN SUCH PARTS OF THE UNITED KGDOm OR THE WORLD AS THE TRUSTEES FROM TIME TO TIME MA Y THINK FIT. AND {3) TO ADVANCE F.DIJCATION IN SUCH WAYS AND IN SUCH PARTS OF THE UNITED KtNCJDOM OR THE WORLD AS TRUSTEES FROM TIME TO TIME MA Y THtNK FIT,. The Church engages in the following activities in ord¢r to further these objectives. a. Holding weekly meetings which aiE open to th¢ public b. Running community projects Organising activiti¢s and groups d. Working closely with other C]ll'iStian organisations
CHRIST APOSTOLIC CHURCH CITY OF DAVID TRIS8TEES' REPORT CONTINUED The principal activities of the Church al'e Chi'istian worship. Christian outreach programmes to in¢iEase Christian awareness and to spread the gospel of our Lord Jesus Christ and development of the whol¢ man spiritually, rnentally and physi¢8lly. We have a nutnber of volunteers who assist in helping us to achieve oui. objectives. CHAIRMAN'S REPORT During the COUL5e of the year, the Church has steadily progressed spiritually. We have had a number of visitors attending our w¢¢kly Services and we contiiiue to pray that ihey will one day accept Jesus Christ 88 their Saviour and Lord. The a55¥mbly in Camberwell, Peckham is growin& but if we Can work to&Feiher we can do all things through Chrisl who strengthens us. The Brotherhood. Women. Youth and Sunday S¢hool ministries have been encouraged to Strive for excellence. Each department has submTtted their objectives for the forthcoming year 2025 and we look forward to seeing the fruits of thcse new visions. PUBLIC BEI%EFITS REPORTINC We have been providing couiiselling services to members of the Community. We have also embadced on various training pr()grammes lo equip more church volunteers with the relevant couns¢lling skills that will hclp them serve the community better. The church is very keen 8t developing strong family life in the Community and the nation generally. To this end, we have organised and conducted a Positive Parenting W0hop in the yeai.. The foi'um addressed the issue of coping with child upbringing in a fast changing world. Onc-to-one pei3onal evangelism is ongoing and it is oui. desire to the Communiti of Cambenvell, Peckham and son'ounding areas. The Charity continued to identify with ils Public Benefits functions by pursuing tts practical policy of (CSR) Corporate Social Res1)onsibilities, as a church, by donating monthly food ¢ontriL>utions to the "W¢ Can Food Bank &nd Sacred Health in South East London" Prayers for the sick also continues to be carried out whethei. by home visit or via the telephone. An oiigoing objective of tlie charity is to pui'chase its own premises. Dui'ing the yeai. we went to view various potential places of woi'qhip. and indeed came very clos¢ lo puirha8ing one of them but but due to circuinstances beyond our conlrol we weir unable to complete the deal. EXCEFFIONAL CIRCtJMSTANCES- TRUST ES, REPORT OF SEIUOUS FIRE If4CIDENTS REPORT OF SEIUOUS FIRE OUTBREAK IN JUNE 2024 In June 2024, the Church premises at 34 Notxh Peckham Baptist Church, London SEI 5 6DR suffered a serious fire outbreak which caused an extensive damRges to the main auditorium where members
CHRIST APOSTOLIC CHURCH CITY OF DAVID TRUSTEES, REI PORT CONTINUED of Christ Ap05tolic Chui'ch (City ofDavid) undertake their weekly woi'ships aiid mceting activities. Aside fr(mi damages caused to the main auditoi'ium, a major part of the Church vestiy and hall was dam2ged by the fire. While the Church's management and trustees are veiy grateful to God for the safely of all members boih young and old. the fire inGideni caused a significant setback to our pei'iodic operations ad filncIal losses to the Gharity. In the immediat¢ &ftetth&th, themana8emenL volunteers and dedicst¢d rncinbersofÈh¢religeLwsorder mobilised q1clY to catryout c85entig1. teiTiporary rcp8ir& donatingth¢ir poBonal fund and sponsowl l&bour w)rk. This swift actsot)s of members lllowed us lu cuntillu¢ the ¢r&tiLal setvices inc]udin8a pJt-arrang¢d wedding ceremony FOT th¢ weekend of the fire Outbk. Given Ihegnticipaled d¢lays wd ¢otllplitaiions involved in ideDtilyingthe toiyett C41r&r1hrOvgh insutw expert advic4 Th¢ nlage¢t IrusteesTnad¢th¢ shltgic decision io &c¢¢N the insuran¢c payoutand proceed to Iindertak¢ repai indep¢Jid¢Dtly. The de¢ssi4)n proved lo be inDre cost ¢ffcdive and b&t¢ralignd ivith the utEcnl need and and limited bud8¢tof the charity. Th¢rh4ir, Drjithua. LY Bvangclisl Kofoworola and alther d¢dicat¢d set ofvolynteers httvep¢rs(bThally don&t¢d silf1¢?t1Y io keep th¢¢hurch op¢rntsons JunningSoDlklY iyithin on¢ monili after thB fiT¢. FUTUREI PLANS To iontinue to develop and in5psre the ChUh,$ knowledge of God's word., To se¢ more boulb b¥ing sayed for the Kingdom of God. To "endeavour to k¢ep th¢ wiity of the spirit in the bond of pe&¢e' Ephesians 4..3. To be su¢¢essful in the puichase of OUT own church building acm]nodat1tsn whi¢h can be dedi¢at¢d to the glory of God; aJ]d to do more pra¢ti¢al work within the local community beyond. This will include helping at an established soup kitchen, and also conli'ibuting s/tr of fvnd rais from baking foi. our Sunday School Davidic Kitchen to a local charity. ACHIEVEMENTS AND PERFORMANCE al Ravl6w of Activit188 The charity has built on previous developments and Successfully ministered to the needs of diverse social groups both within and outside the church.11 provides forums for personal d8v&lopmenl, equipping members educationally, socially. and spiritually. Counselling services are av8i18ble ft the needy and unemployed, along with réferra18 when necessary. The charity offers counselling to community members and ha8 launched Iraining programme810 equip volunl@ers with essential eounselling skills to serve better. A Youth Church has been established where teenagers gather on Sunday afternoons in a ¢gring and supportive atmosphere. The Gharty conts'nues lo fulfil ils mission by creating opportunities for holistic development spiritually, mentally. and physically. Time, energy, and resources have beèn invested into acliviliès and programmes aimed at preventing youth crime, d6pression, Child abuse. and other social vices that negatively impact society-
CHRIST APOSTOLIC CHURCH CITY OF DAVID TRUSTF,fi S, REPORT COLN"I"INUED FINANCIAL REVIEW Reserves Polic The Trustees have set a policy for unrestricted funds {ffee 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 Polie The Trustees have ass¢5sed the major risks to which the Charity is exposed pajticulai'ly those relating to the opei'ation and finance and are satisfied with the risk man8g¢ment systems in place to mitigate the I'isk exposure to the Charity. Review of the fillallcial osition The nel incoming resources for the yeai. amounted to a deficit of £1,259 (year 2023 was a deficit of £2,752) and all of which al'e set against the unrestricted Yeserves of the ¢hai'ity. CURRENT BOARD OF TRUSTEES The eurrenÉ men>b¢rs Df the board of trustees serving the charity were . Pastor Isaa¢ Oluwaniyi-Asaaju (Chair) Lady Evangelist Oluwatoyin K. Oluwaniyi-A$aaju (Mrs) Pastor Joshua Ajayi APPROVAL This rcport wa5 given approval by the board of trllstees on 8th October 2025 and signed on its behalf by . Secretary . Pastor Josbua Ajayi
INDEPENDENT XAMINER'S REPORT TO THE TRUSTEIS OF CHRIST APOSTOLIC CHURC'H CITY OF DAVID CHARITY RF.C. NUMBER 1126953 FOR THE YEAR ENDEI D 26'1'H NOVEMBER 2024 i'eport ON w¢couiits of the Tw$t for yoAr ejtded 26th Novemb¢r 2D24, wlith Al'e set out p4gv 6 to 11 RESPECTIVE RESPONStBELITIES OF TRUSTEES AND EXAMINER The charity trustees are TYSponsible for the preparation ot'the a¢counts.The ¢harity's trtee8 constdeK that an audit is not IEquir¢d foi thib y¢ar under section 14412) ot the Chw'ities Act 2011 (the 2011 A¢t) and tliat an independeni examination is n¢eded. (t is my Irswnsibility to exarnine th¢ a¢counts under section 145 of the 2011 ACL follow the proreduTes laid down in the general Directions given by the Charity Commission under section 14515) (b) of the 2011 Act- and state whether particular matters have come to my attention. BASIS OF ItYDEPENDENI' FXAMINER'8 REPORT My Examination was carried out in accordancx with the gcneral Dire#ions given by the Charity Commission. An exaTnination includes a review of the a¢counting records kept by the charity and comparison of the 0¢counts presented wilh those iEcords. It also in¢lud¢s consideration of any unusual items oi. disclosur¢5 in the accouDl$, ond seeking explanations from you as ti'ustees concerning any such mallers. The procedures undertaken do not provide all the evidenG¢ that would be required in an audit and cons¢quently no opÉnion is given a5 to whether the accounts present a'lrue and faie view and the report is limited to those matters set out in the statemcnÉ bclow. INDEI PENDE T EXAMINER'S STATIMENT In connection with my exatnination, no matter has come to my attention :_ l) which gives me reasonable cause to believe that in any material I'espect the requir¢ments: * to keep oltIng records in accordance with seclion 130 of the 2011 Act. and to prepaiE ac¢ounl8 which accord with the accounting records and comply awiunting requii'emenls nut been mel,. or in pinion, attention should be awn in ordei- to enable a proper und¢rstanding of reached. 2) to MRD.A MAKIN I c,FCA) DANI FAMOK & AS IATES ACCOIJNTAP4TS & FINANCIAL CONSULTANTS UNI"1' 209'1'UDORI,F.AF BUStNESS CCI NTRE, LONDON 2-8 Fouf+ffA YNE ROAD, NJ$ 4QL. 8th October 2025
CHRIST APOSTOLI CHURCH CITY OF DAVID STATEMlI iyr OF FINANCIAL ACTIVITIES FOR THE YF.AR FNDII D 26TH IYOVEMBER 2024 Notes Unrestri¢ted Funds Re5trleted Funds Total Nov-24 Total Nov-23 INCOlWtING RESOURCE Incoming Resourcesfi'om genératedfund5 Voluntary Income Investment Income HMRC Gift Aid Tax Reclaims Incoming Resourcesji'om Charilable Activities Other Incomlng ResL)ui'ce 41,142 41,142 34,117 4,050 4.050 215 Total Ineomillg Resourees 45,192 45,192 34,332 SOURCES EXPENDED CharilahleActivifies 43,433 43,433 36,584 Govgp'nance costs 500 500 500 Total resource5 expended 43,933 43,933 37,084 NET MOVE1*NT IN FUNDS 1,259 1,259 (2,752) RECONCILI TION OF FUNDS Totsl luttds brought forw#rd 1,942 1,942 4,694 Tolal funds cArried fonY#rd 3201 3,201 1,942 There were no recognised gains or losse8 for ih¢ year other than those included in ihe Statement of Financial Activities. All incoming resource5 and i'esources expended derive from ¢ontinuing artivities. The notes on Pages 8 to 14 form part of these accounts.
CHRIST APOSTOLIC CHURCH CITY OF DAVID BALANCE SHEET AS AT 26TH NOVEMBER 2024 r4otes 2024 2023 ASSETS Tangible Fixed A55et$ 8,524 6,034 URRENT ASSETS Debtors Cash at Bank and in Hand 695 1.426 695 1,426 LESS CREDITORS: (Atnounls falling due within one year) 6,018 5,518 NEI T CURRENT ASSETS (5,323) (4,092) TOTAL ASSETS LESS LIABILITIES 3,201 1,942 REPREI SENTED BY: Uni'esli'icted Funds Restricted Funds 3,201 1,942 io 3,201 Approved on the 8th October 2025 and signed on its beh#lf by :" Pastor Isaac O1n]Y1wA8* ju (Chalr)
CHRIST APOSTOLIC CHURCH CITY OF DAVID NOTEI S TO THE FINANCIAL STATLI MENrs FOR THE YEAR EIYDED 26TH NOVEMBER 2024 I. ACCOUNTING POLICIES The financial statements have been pi'epar¢d in Mceordance with the accounting policies set out in notes to the accounts and comply with the chatity's governing document, the Charities Act 201 l and Aecounling and Repoiiing by Chai'ities- Statement of Recovnmended Practice (SORP) applicable to Charities preparing theii. accounts in ac¢oi'dance with the Financial Rewrting Standard applicabl¢ in the UK and Republic of Ireland (FRS 102), issued in October 2019. 1.1 Incoming Resources Buildi Funds Income from donations for building are included in voluntary incoming I'esour¢¢s of restricted funds on receipt. Volllnta Income It)come from tithes and offerings collected are included in voluntary incoming resources when these are irceivable. GÉft Aid Tax Re ment Claim Tax i'epaymenls due fi'om HM Revenue & Customs in respect of members, giving are included in incoining resoui'ces and I'estricted for building funds when i'eceived. r Income These ¢ompi'ises other miscellaneous income ale a¢Unted for in the peri¢xl in which it is entitld. Income from Choritable Activities These are christian books and materials sold lo chur¢h niembevs and all of which are included in unrestricted funds when re¢¢ived. Investment Income Investm¢nl Incorne cotisist of n¢t interest received duving the year and 8¢counted as unrestricted thnd. Cash sthteme The Charity has taken advantage of the exemption in financial Reporting Standard No I fi'om the Irquirements to produc¢ a cashflow statement on the grounds that it qualifies as a small charity. 1.2 R¢sour¢e$ expended Resources expended are included in the Staiement of Financial Activities on accrual bas¢s, inclusive of any value added lax (VAT) whi¢h cannot be recovered. Certain expenditure are attributable to specific activities and have been included in ihose cost categories.
CHRIST APOSTOLIC CHURCH CITY OF DAVtD TES TO THE FINANCIAL STAI'EMENTS CONTINUED FOR THEI YEAR ENDED 26TH NOVEMBER 2024 1.3 Tangible Fixed Assets for use by the charity and Depreciation Tangible fixed assets foy use by the Chai'ity are stated at cost less depi'eciation. Depreciation is calculated to write off the cost less estimated residual value of fixed assets, over theii. estimated useful liv on the following basis: Computers, Fqutpment, Fui'niture & Fittings Musical Equipments & Instrument 25Vo per annuln. 25/0 per anDutn. Unrestri¢ted Restricted nrestri¢ted Fund Fund Fund Nov-24 Nov-24 Nov-23 2. CHARrrABLE ACTIVJTllI S Pastoi'al Allowances Evangelism & Overseas Missions Honoraria and gifts Hall Renlal, Storage and Service Chai'ges Donations to Other Charities Members, Welfare, Support & Benevolence Prinling. Postage and Stationery Bank Chai'ges and Interesl Travelling & Motoi- Expenses Church Materials & Cunbumabl¢s Fd, Hospitality & Youth Projects Insui'ance Pi'emiums Elects'icity. heating and Water Fire, Security, health & safety Inlernel and Webcosl Volunteers, & Workei's, Expenses Equipments Repair & Rencwals Depi'eciation of fix¢d asseÉs Telephone & fax 700 1.878 2,010 16,000 50 1,850 267 69 97 302 292 341 1,810 2,011 l38 2,880 8,538 2,840 1,360 43,433 250 3.818 2,630 15,600 290 4,320 78 130 20 1,325 800 176 3,620 2,012 1,500 36,584 3. GOVERNANCE COSTS 2024 2023 Accountancy & Independenl Examination fees 500 500 500 500
CIIRIST APOSTOLIC CIIURCH CITY OF DAVID NOTES TO THE FINANCIAL STATF.L¥qF.NTS C.ONTINUF,D FOR THE YEAR ENDED 26TH NOVF.MBF.R 2024 4. NET MOVEMCI NT IN FUNDS FOR THE YEI AR 2024 2023 The net movement in funds for the year is stated after charging . Deprecialion of tangibl¢ fixed assets- for use by the charity Accountancy fee 2,840 500 2.012 500 5. TRUSTEES, REMUNERATION No Trustee has had ¢xp¢n5es reimbursed in the year. Thei'e is no staff whose emoluments exceeded £60,000 dui'ing the year 6. TANGIBLE FIXED ASSETS L4PME SI'RUMENTS E UFP& FURN Nov-24 Nov-23 COST As At 27th November 2023 Additions duting the year As At 26th November 2024 10,903 550 11,453 8,117 4.780 12,897 19,020 5,33Q 24as0 19.020 19,020 DEPRECIATION As At 27th November 2023 Chai'ge foi- the year As Al 26th November 2024 7.354 1,025 8.379 5,632 1,816 7,448 12,986 2.840 15,826 10,974 2,012 12,986 NBV At 26th November 2024 6.1134 NBV At 26th November 2023 3,549 7 DEBTORS: AMOUNT FALLING Duf ONE YEAR 2024 2023 Security Rent Deposit
CHRIST APOSTOLIC CHURCH CITY OF DAVID NOTES TO THL blNANC'IAL STATEMCI NTS CONTINUED FOR THE YEAR EI NDED 26TH NOVEMBER 2024 8. CREDITORS:AMOUNT FALLING DUE WITHIN IYR 2024 2023 Sundry Creditors Accruals 4,138 1,880 6,018 4,138 1,380 5,518 9. UNRESTRICTED FUNDS OF THE CHARITY Unrestricted Fuiid 2024 Total Fund Nov-23 Balance As At 27th November 2023 Movement in the funds for the yeay Balance As At 26th November 2024 1,942 1,259 3,201 4,694 2,752 1,942 Buildin Total fi ulld Nov-24 10. RESTRICTED FUIYDS BalarLce As At 27th November 2023 Movement in the funds for the year Balance As At 26th November 2024 11. AN F IYET ASSETS BETWEEN FUNDS Unyestricted Funds Restricted unds otal Fund Nov-24 Tangible fixed assets Net Current Assets 8,524 5.323 3,201 8,524 5,323 3301