## CHRIST APOSTOLIC CHURCH - VESSEL UNTO HONOUR
**CHARITY NUMBER 1150350**
## REPORTS AND ACCOUNTS
For the Year Ended 31 March 2025
Accountants and Consultants
**FANLA & C0**
**Charity No: 1150350**
**CHRIST APOSTOLIC CHURCH VESSEL UNTO HONOUR**
## TRUST INFORMATION
TRUSTEES: MICHAEL O. OGUNSANU - Chair MR ABIOLA BABALOLA MR DEBOLA OGUNNOWO MRS DORCAS FAGBEMI
REGISTERED CHARITY NO: 1150350 CONTACT ADDRESS: 29 SUTHERLAND ROAD BELVEDERE KENT DA17 6JR
INDEPENDENT EXAMINERS: FANLA & CO (ACCOUNTANTS & CONSULTANTS) UNIT 10, WARWICK HOUSE OVERTON ROAD LONDON SW9 7JP
REPORT AND ACCOUNTS: 31 MARCH 2025
Page 2 - INDEPENDENT EXAMINER'S REPORT
3 - REPORT OF THE TRUSTEES
4 - BALANCE SHEET
- 5 - STATEMENT OF FINANCIAL ACTIVITIES
AND NET INCOMING/(OUTGOING) RESOURCE
- 6 - NOTES TO THE ACCOUNTS
**-1-**
**INDEPENDENT EXAMINER'S REPORT** To The Trustees of
## **CHRIST APOSTOLIC CHURCH VESSEL UNTO HONOUR**
## **Charity No: 1150350**
On the Accounts for the year ended 31 March, 2025 Set out on pages 4 and 5
## **Respective Responsibilities of Trustees and Examiner**
As trustees you are responsible for the preparation of the accounts. You consider that an audit is not required for this year under section 43(2) of the Charities Act 1993 (the 1993 Act) and that an independent examination is needed.
It is our responsibility to:
- examine the accounts under section 43 of the 1993 Act,
- follow the procedures laid down in the general Directions given by the Charity Commission (under section 43(7)(b) of the 1993 Act, and
- state whether particular matters have come to our attention.
## **Basis of Independent Examiner's Statement**
Our examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair' view and the report is limited to those matters set out in the statement below.
## **Independent Examiner's Statement**
In connection with our examination, no matter has come to our attention
1. which gives us reasonable cause to believe that, in any material respect, the requirements:
- to keep accounting records in accordance with section 41 of the 1993 Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 1993 Act have not been met; or
2. to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
## **Signed:**
_fanla&Co_ 22/01/2026
## **FANLA & CO**
_______________ DATE
UNIT 10, WARWICK HOUSE OVERTON ROAD LONDON SW9 7JP
**-2-**
**Charity No: 1150350**
**CHRIST APOSTOLIC CHURCH VESSEL UNTO HONOUR**
## REPORT OF THE TRUSTEES
- 1 The trustees present with pleasure their annual report together with the accounts of the Trust for the year ended 31 March 2025
- 2 Principal Acitivity The principal activities of the Trust during the year were that of preaching, teaching, healing and providing assistance to members in accordance with the words of our Lord Jesus Christ.
- 3 Net Incoming/(Outgoing) Resource The Net Incoming/(Outgoing) Resource for the year was £ 2,166
- 4 Trustees' Responsibilities
- The trustees are required to comply with their obligations under the Charities Act 1993 (or any statutory re-enactment or modification of that Act) with regard to:
- a) the keeping of accounting records for the Trust and of all matters in respect of which such receipt and expenditure shall take place and of the property for the time being subject to the Charity and of all liabilities in connection therewith;
- b) the preparation of annual statements of accounts for the Trust
- c) the auditing or independent examination of statements of accounts of the Trust; and
- d) the transmission of the statements of accounts of the Trust to the Commissioners.
The trustees are also responsible for ensuring that proper minutes are entered and kept of all resolutions and proceedings of the Trust's meetings.
- 5 Fixed Assets
- Details can be seen on page 6.
This report was approved by the trustees on 25/01/2026
Signed on behalf of the trustees.
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Moogunsanu 25/01/2026
_______________________________ _______________
MICHAEL O. OGUNSANU - Chair DATE
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**-3-**
**Charity No: 1150350**
## **CHRIST APOSTOLIC CHURCH VESSEL UNTO HONOUR**
## **BALANCE SHEET**
As At 31 Mar. 2025
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2025 2024
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## **notes**
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Fixed Assets £ £ £ £
Tangible Assets 3 20 4,365
Investments
Total Fixed Assets 20 4,365
fF
Current Assets
- -
Debtors & Prepayments
Cash in Hand & at Bank 19,071 16,211
Total Current Assets 19,071 16,211
pt
Current Liabilities
Creditors & Accrued Expenses 1,000 4,650
Total Current Liabilities 1,000 4,650
[_—}-—F$- —+- +
Net Current Assets/(Liabilities) 18,071 11,561
a
Net Assets 18,091 15,926
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## **REPRESENTED BY**
## ACCUMULATED FUND
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Opening Balance 15,926 26,643
Net Incoming/(Outgoing) Resource for the year 2,166 - 10,717
Closing Balance 18,091 15,926
——=—
Signature ib —
Name MICHAEL O. OGUNSANU - Chair
Date of Approval Pe 25/01/2026
**----- End of picture text -----**
**-4-**
**Charity No: 1150350**
## **CHRIST APOSTOLIC CHURCH VESSEL UNTO HONOUR**
## **STATEMENT OF FINANCIAL ACTIVITIES**
for the year ended 31 Mar. 2025
**2025 2024**
## **(all unrestricted funds)**
|**notes**
**Incoming Resources**
Receipt:
2
- Contributions, Donations, Cheerful Givers,
Offerings, Tithes, Thanksgivings, etc
- Income Tax Recoverable
- Bank Interest Less Charges
**Total incoming resourses**
(a)
**Resources Expended**
**_Cost of Generating Funds_**
Aniversary & Entertainment Expenses
**_Charitable Expenditure_**
_Grants & Donations Payable_
Donations, Gifts & Subscriptions
Pastoral
_Costs of activities for charitable objectives_
Volunteers Expenses
Salaries & Wages
CACWW & Other Ministries
_Support Costs_
Repairs, Maintenance & Materials
Light, Heat & Water Rate
Telephone/Fax & Internet
Printing, Stationery & Postage
Advertisement & Publicity
Insurance
Legal & Professional/Payroll Costs
Rent & Rates
Motor Running & Travelling
Training
Guest Speakers
Sundries
_Management & Administration_
Bank Interest & Charges
Accountancy/Independent Examiners' Fee
Depreciation
**Total Resources Expended**
(b)
**NET MOVEMENT IN FUNDS**
(a-b)
Balance b/f at 01 Apr 2024
Balance c/f at 31 Mar. 2025|**£**
**£**
**£**
**£**
132,988
110,411
274
229
**133,262**
**110,640**
7,363
7,000
440
-
16,608
15,566
22,020
24,730
31,196
18,560
7,011
4,098
2,376
3,680
628
2,800
1,791
1,016
3,226
3,022
245
231
240
240
28,571
27,248
4,265
5,993
-
-
12
-
760
760
4,345
6,412
**131,097**
**121,357**
**2,166**
**10,717**
**-**
**15,926**
**26,643**
**18,091**
**15,926**|
|---|---|
**-5-**
**Charity No: 1150350**
**CHRIST APOSTOLIC CHURCH VESSEL UNTO HONOUR**
## **NOTES TO THE ACCOUNTS**
For the year ended 31 Mar. 2025
## 1.0 ACCOUNTING POLICIES
- 1.1 Basis of Accounting: The Accounting have been prepared under the historical cost convention and in accordance with applicable accounting standards and the Statement of Recommended Practice on Accounting by Charities.
- 1.2 Fixed Assets: Fixed Assets are stated at cost
- 1.3 Depreciation: Depreciation is provided on the straight line basis to write off fixed assets over their expected useful lives as follows:
Office Equipment 25% p.a Furniture & Fittings 25% p.a
## 2.0 RECEIPT:
Receipt consists of Members Tithes, Offerings, Special Offerings and Cheerful Givers.
## 3.0 TANGIBLE FIXED ASSETS: Tangible fixed assets are made up of the following
|**COST**
**As at 01 April 2024**
Additions/(disposals) during the year
**At 31 Mar 2025**
**DEPRECIATION**
**As at 01 April 2024**
Charge for the year
**At 31 Mar 2025**
**NET BOOK VALUE**
**At 31 Mar 2025**
**At 31 Mar 2024**|Furnit &
Motor
Equipmt
Fittings
Vehicle
Total
**£**
**£**
**£**
**£**
22,509
3,140
-
25,649
-
-
-
22,509
3,140
-
25,649
18,864
2,420
-
21,284
3,635
710
-
4,345
22,499
3,130
-
25,629
**10**
**10**
**-**
**20**
**3,645**
**720**
**-**
**4,365**|
|---|---|
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