CHRIST APOSTOLIC CHURCH, PENTECOSTAL ASSEMBLY, WOLVERHAMPTON.
REPORT OF THE BOARD OF TRUSTEES
The Trustees are pleased to present the annual report, for the purpose of the Charities Act 2011, together with the Accounts for the period ended 31st October 2024. The Trustees have adopted the provisions of the Statement of Recommended Practice “Accounting and Reporting by Charities” issued in March 2005 in preparing the annual reports and financial statements of the charity.
STRUCTURE GOVERNANCE AND MANAGEMENT
CAC Pentecostal Assembly is a Charity, registered with the Charity Commission on the
It is governed by its Trust Deeds and is managed by a Board of Trustees.
Decisions are determined by a simple majority vote by the Trustees who set the strategic direction of the charity. Delegated authority has been given to the Pastoral Board and Management team for the day-to-day running of the operation of the charity.
Trustees are selected based on the contribution that they will make towards the governance of the charity and the skills that they will contribute.
OBJECTIVES AND ACTIVITIES
The Charity’s objectives are:
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a. To advance the Christian faith worldwide
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b. The relief of poverty.
STRATEGIES
The Charity’s strategies for achieving these objectives were through key activities of providing a place of worship, a Church, located at
ACHIEVEMENTS AND PERFORMANCE OF THE PUBLIC BENEFIT
In 202 with over 30 members who support the work of the charity and make invaluable contributions through various departments: Prayer group, men's department, women's department, children's church, youth church, drama group, evangelism group, counseling department, the music and choir department, media team, and community outreach group the following activities were carried out for public benefits.
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Provision of welfare and support both within the church and outside the church monthly.
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We organize monthly prayer conference to intercede and spiritually empower members who were facing numerous challenges in life, and to provide moral support as necessary.
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Organizing Evangelical and outreach programs were held to reach out to the community.
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The church also distributed food hampers to less privileged members of the community to celebrate the festive period
RISK MANAGEMENT
The Trustees have conducted a review of the major risk to which the charity is exposed and performs its duty of safeguarding the charity against major risk. The Trustees review the charity governance, policies, procedures and practices from time to time during their meetings in particular, insurance cover is in place. Appropriate Disclosure and Barring Checks (DBS) supported by regularly reviewed policies are in place for those who work with children and vulnerable adults. Internal control risks are minimized by procedures that are in place to ensure authorization of all transactions and projects. Procedures are in place to ensure the health and safety of volunteers, and visitors to the charity.
TRUSTEES’ RESPONSIBILITIES STATEMENT
The Trustees are responsible for preparing the Trustees Report and the Financial Statements in accordance with appropriate accounting standards. (United Kingdom Generally Accepted Accounting Practice). Charity law requires the Trustees to prepare financial statements for each financial year which give a true and fair view of the situation of the charity as of the balance sheet date and of its
incoming resources and applications of resources for the financial year. In preparing those financials
statements the Trustees should follow best practices and:
-
Select suitable accounting policies and then apply them consistently.
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Observe the methods and principles in the Charities SORP
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Make judgments and estimates that are reasonable and prudent
· Prepare the financial statements on an ongoing basis unless it is inappropriate to presume that the charity will continue that basis.
The Trustees are responsible for keeping adequate accounting records that are disclosed with reasonable accuracy.
At any time, the financial position of the charity enables them to ensure that the financial statement complies with the 2011 Charity Act. They are also responsible for safeguarding the assets of the
charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
MEMBERS OF THE BOARD OF TRUSTEES
Members of the Board of Trustees who served during the year and up to the date of this report are:
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ABIODUN O AJAYI –CHAIRMAN
-
VICTORIA A BAKINDE- TREASURER
-
OLUSEGUN O AJAYI- SECRETARY.
In accordance with charity law, as trustees, we certify that:
So far as we are aware, there is no relevant information about which the charity's accountants are unaware.
Approval
This report was approved by the board of Trustees and signed on their behalf by: Pastor Abiodun O Ajayi
Chairman Board of Trustee.
Date: 31 July 2025
Company Registration No. 09280006 (England and Wales)
CHRIST APOSTOLIC CHURCH PENTECOSTAL ASSEMBLY ANNUAL REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2024
CHRIST APOSTOLIC CHURCH PENTECOSTAL ASSEMBLY ANNUAL REPORT AND UNAUDITED ACCOUNTS CONTENTS
| Page | |
|---|---|
| Company information | 3 |
| Director's report | 4 |
| Accountants' report | 5 |
| Income statement | 6 |
| Statement of financial position | 7 |
| Notes to the accounts | 8 |
| Detailed profit and loss account | 9 |
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CHRIST APOSTOLIC CHURCH PENTECOSTAL ASSEMBLY COMPANY INFORMATION FOR THE YEAR ENDED 31 OCTOBER 2024
Director
Company Number
Registered Office
Accountants
MR. O OLUSEGUN AJAYI
09280006 (England and Wales)
250 COALWAY ROAD WV3 7NP COALWAY ROAD WOLVERHAMPTON WV3 7NP ENGLAND HERITAGE ACCOUNTING SERVICES 27 CLEVELAND STREET WOLVERHAMPTON WEST MIDLANDS WV1 3HT
- 3 -
CHRIST APOSTOLIC CHURCH PENTECOSTAL ASSEMBLY (COMPANY NO: 09280006 ENGLAND AND WALES) DIRECTOR'S REPORT
The director presents his report and accounts for the year ended 31 October 2024.
Directors
MR. O OLUSEGUN AJAYI held office during the whole of the period.
Statement of directors' responsibilities
The directors are responsible for preparing the report and accounts in accordance with applicable law and regulations.
Company law requires the directors to prepare accounts for each financial year. Under that law, the directors have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these accounts, the directors are required to:
-
select suitable accounting policies and then apply them consistently;
-
make judgements and estimates that are reasonable and prudent;
-
prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Small company provisions
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
Signed on behalf of the board of directors
............................................................................
MR. O OLUSEGUN AJAYI Director
Approved by the board on: 29 July 2025
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CHRIST APOSTOLIC CHURCH PENTECOSTAL ASSEMBLY ACCOUNTANTS' REPORT
Accountants' report to the director of CHRIST APOSTOLIC CHURCH PENTECOSTAL ASSEMBLY on the preparation of the unaudited statutory accounts for the year ended 31 October 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of CHRIST APOSTOLIC CHURCH PENTECOSTAL ASSEMBLY for the year ended 31 October 2024 as set out on pages 6 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of CHRIST APOSTOLIC CHURCH PENTECOSTAL ASSEMBLY, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of CHRIST APOSTOLIC CHURCH PENTECOSTAL ASSEMBLY and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than CHRIST APOSTOLIC CHURCH PENTECOSTAL ASSEMBLY and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that CHRIST APOSTOLIC CHURCH PENTECOSTAL ASSEMBLY has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of CHRIST APOSTOLIC CHURCH PENTECOSTAL ASSEMBLY. You consider that CHRIST APOSTOLIC CHURCH PENTECOSTAL ASSEMBLY is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of CHRIST APOSTOLIC CHURCH PENTECOSTAL ASSEMBLY. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
HERITAGE ACCOUNTING SERVICES
27 CLEVELAND STREET WOLVERHAMPTON WEST MIDLANDS WV1 3HT
29 July 2025
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CHRIST APOSTOLIC CHURCH PENTECOSTAL ASSEMBLY INCOME STATEMENT FOR THE YEAR ENDED 31 OCTOBER 2024
| Turnover 4 Administrative expenses Operating profit Profit on ordinary activities before taxation Tax on profit on ordinary activities Profit for the financial year |
2024 £ 55,367 (54,669) 698 698 - 698 |
2023 £ 28,139 (27,213) |
|---|---|---|
| 926 | ||
| 926 - |
||
| 926 |
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CHRIST APOSTOLIC CHURCH PENTECOSTAL ASSEMBLY STATEMENT OF FINANCIAL POSITION AS AT 31 OCTOBER 2024
| Notes Fixed assets Tangible assets 5 Current assets Cash at bank and in hand Net current assets Net assets Capital and reserves Capital contribution reserve Profit and loss account Shareholders' funds |
2024 £ 2,221 3,247 3,247 5,468 1,903 3,565 5,468 |
2023 £ 2,254 2,516 |
|---|---|---|
| 2,516 | ||
| 4,770 | ||
| 1,903 2,867 |
||
| 4,770 |
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities.
The financial statements were approved by the Board and authorised for issue on 29 July 2025 and were signed on its behalf by
MR. O OLUSEGUN AJAYI Director
Company Registration No. 09280006
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CHRIST APOSTOLIC CHURCH PENTECOSTAL ASSEMBLY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2024
1 Statutory information
CHRIST APOSTOLIC CHURCH PENTECOSTAL ASSEMBLY is a private company, limited by shares, registered in England and Wales, registration number 09280006. The registered office is 250 COALWAY ROAD WV3 7NP COALWAY ROAD, WOLVERHAMPTON, WV3 7NP, ENGLAND.
2 Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3 Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery 20%
4 Turnover
OFFERINGS RECIEVED
| Tangible fixed assets Cost or valuation At 1 November 2023 Additions At 31 October 2024 Depreciation At 1 November 2023 Charge for the year At 31 October 2024 Net book value At 31 October 2024 At 31 October 2023 |
Motor vehicles £ At cost 2,500 - 2,500 2,500 - 2,500 - - |
Fixtures & fittings £ At cost 2,870 275 3,145 616 308 924 2,221 2,254 |
Total £ 5,370 275 |
|---|---|---|---|
| 5,645 | |||
| 3,116 308 |
|||
| 3,424 | |||
| 2,221 | |||
| 2,254 |
5 Tangible fixed assets
6 Average number of employees
During the year the average number of employees was 1 (2023: 1).
- 8 -
CHRIST APOSTOLIC CHURCH PENTECOSTAL ASSEMBLY DETAILED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 OCTOBER 2024
This schedule does not form part of the statutory accounts.
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Turnover | ||
| Sales | 55,367 | 28,139 |
| Administrative expenses | ||
| Wages and salaries | 18,654 | 10,000 |
| Staff training and welfare | 3,684 | 506 |
| Travel and subsistence | 1,097 | 1,487 |
| Entertaining | 6,349 | - |
| Rent | 9,600 | 9,600 |
| Light and heat | 1,975 | 750 |
| Telephone and fax | 725 | 854 |
| Postage | - | 155 |
| Stationery and printing | - | 543 |
| Subscriptions | 1,120 | - |
| Insurance | 412 | 548 |
| Repairs and maintenance | 1,364 | 1,263 |
| Depreciation | 308 | 308 |
| Donations | 287 | 450 |
| Sundry expenses | 508 | 499 |
| Accountancy fees | 300 | 250 |
| Consultancy fees | 6,261 | - |
| Management fees | 1,100 | - |
| Advertising and PR | 925 | - |
| 54,669 | 27,213 | |
| Operating profit | 698 | 926 |
| Profit on ordinary activities before taxation | 698 | 926 |
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Company Registration No. 09280006 (England and Wales)
CHRIST APOSTOLIC CHURCH PENTECOSTAL ASSEMBLY ANNUAL REPORT AND UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2024
CHRIST APOSTOLIC CHURCH PENTECOSTAL ASSEMBLY ANNUAL REPORT AND UNAUDITED ACCOUNTS CONTENTS
| Page | |
|---|---|
| Company information | 3 |
| Director's report | 4 |
| Accountants' report | 5 |
| Income statement | 6 |
| Statement of financial position | 7 |
| Notes to the accounts | 8 |
| Detailed profit and loss account | 9 |
- 2 -
CHRIST APOSTOLIC CHURCH PENTECOSTAL ASSEMBLY COMPANY INFORMATION FOR THE YEAR ENDED 31 OCTOBER 2024
Director
Company Number
Registered Office
Accountants
MR. O OLUSEGUN AJAYI
09280006 (England and Wales)
250 COALWAY ROAD WV3 7NP COALWAY ROAD WOLVERHAMPTON WV3 7NP ENGLAND HERITAGE ACCOUNTING SERVICES 27 CLEVELAND STREET WOLVERHAMPTON WEST MIDLANDS WV1 3HT
- 3 -
CHRIST APOSTOLIC CHURCH PENTECOSTAL ASSEMBLY (COMPANY NO: 09280006 ENGLAND AND WALES) DIRECTOR'S REPORT
The director presents his report and accounts for the year ended 31 October 2024.
Directors
MR. O OLUSEGUN AJAYI held office during the whole of the period.
Statement of directors' responsibilities
The directors are responsible for preparing the report and accounts in accordance with applicable law and regulations.
Company law requires the directors to prepare accounts for each financial year. Under that law, the directors have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these accounts, the directors are required to:
-
select suitable accounting policies and then apply them consistently;
-
make judgements and estimates that are reasonable and prudent;
-
prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Small company provisions
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
Signed on behalf of the board of directors
............................................................................
MR. O OLUSEGUN AJAYI Director
Approved by the board on: 29 July 2025
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CHRIST APOSTOLIC CHURCH PENTECOSTAL ASSEMBLY ACCOUNTANTS' REPORT
Accountants' report to the director of CHRIST APOSTOLIC CHURCH PENTECOSTAL ASSEMBLY on the preparation of the unaudited statutory accounts for the year ended 31 October 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of CHRIST APOSTOLIC CHURCH PENTECOSTAL ASSEMBLY for the year ended 31 October 2024 as set out on pages 6 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of CHRIST APOSTOLIC CHURCH PENTECOSTAL ASSEMBLY, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of CHRIST APOSTOLIC CHURCH PENTECOSTAL ASSEMBLY and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than CHRIST APOSTOLIC CHURCH PENTECOSTAL ASSEMBLY and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that CHRIST APOSTOLIC CHURCH PENTECOSTAL ASSEMBLY has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of CHRIST APOSTOLIC CHURCH PENTECOSTAL ASSEMBLY. You consider that CHRIST APOSTOLIC CHURCH PENTECOSTAL ASSEMBLY is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of CHRIST APOSTOLIC CHURCH PENTECOSTAL ASSEMBLY. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
HERITAGE ACCOUNTING SERVICES
27 CLEVELAND STREET WOLVERHAMPTON WEST MIDLANDS WV1 3HT
29 July 2025
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CHRIST APOSTOLIC CHURCH PENTECOSTAL ASSEMBLY INCOME STATEMENT FOR THE YEAR ENDED 31 OCTOBER 2024
| Turnover 4 Administrative expenses Operating profit Profit on ordinary activities before taxation Tax on profit on ordinary activities Profit for the financial year |
2024 £ 55,367 (54,669) 698 698 - 698 |
2023 £ 28,139 (27,213) |
|---|---|---|
| 926 | ||
| 926 - |
||
| 926 |
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CHRIST APOSTOLIC CHURCH PENTECOSTAL ASSEMBLY STATEMENT OF FINANCIAL POSITION AS AT 31 OCTOBER 2024
| Notes Fixed assets Tangible assets 5 Current assets Cash at bank and in hand Net current assets Net assets Capital and reserves Capital contribution reserve Profit and loss account Shareholders' funds |
2024 £ 2,221 3,247 3,247 5,468 1,903 3,565 5,468 |
2023 £ 2,254 2,516 |
|---|---|---|
| 2,516 | ||
| 4,770 | ||
| 1,903 2,867 |
||
| 4,770 |
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities.
The financial statements were approved by the Board and authorised for issue on 29 July 2025 and were signed on its behalf by
MR. O OLUSEGUN AJAYI Director
Company Registration No. 09280006
- 7 -
CHRIST APOSTOLIC CHURCH PENTECOSTAL ASSEMBLY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2024
1 Statutory information
CHRIST APOSTOLIC CHURCH PENTECOSTAL ASSEMBLY is a private company, limited by shares, registered in England and Wales, registration number 09280006. The registered office is 250 COALWAY ROAD WV3 7NP COALWAY ROAD, WOLVERHAMPTON, WV3 7NP, ENGLAND.
2 Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3 Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery 20%
4 Turnover
OFFERINGS RECIEVED
| Tangible fixed assets Cost or valuation At 1 November 2023 Additions At 31 October 2024 Depreciation At 1 November 2023 Charge for the year At 31 October 2024 Net book value At 31 October 2024 At 31 October 2023 |
Motor vehicles £ At cost 2,500 - 2,500 2,500 - 2,500 - - |
Fixtures & fittings £ At cost 2,870 275 3,145 616 308 924 2,221 2,254 |
Total £ 5,370 275 |
|---|---|---|---|
| 5,645 | |||
| 3,116 308 |
|||
| 3,424 | |||
| 2,221 | |||
| 2,254 |
5 Tangible fixed assets
6 Average number of employees
During the year the average number of employees was 1 (2023: 1).
- 8 -
CHRIST APOSTOLIC CHURCH PENTECOSTAL ASSEMBLY DETAILED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 OCTOBER 2024
This schedule does not form part of the statutory accounts.
| 2024 | 2023 | |
|---|---|---|
| £ | £ | |
| Turnover | ||
| Sales | 55,367 | 28,139 |
| Administrative expenses | ||
| Wages and salaries | 18,654 | 10,000 |
| Staff training and welfare | 3,684 | 506 |
| Travel and subsistence | 1,097 | 1,487 |
| Entertaining | 6,349 | - |
| Rent | 9,600 | 9,600 |
| Light and heat | 1,975 | 750 |
| Telephone and fax | 725 | 854 |
| Postage | - | 155 |
| Stationery and printing | - | 543 |
| Subscriptions | 1,120 | - |
| Insurance | 412 | 548 |
| Repairs and maintenance | 1,364 | 1,263 |
| Depreciation | 308 | 308 |
| Donations | 287 | 450 |
| Sundry expenses | 508 | 499 |
| Accountancy fees | 300 | 250 |
| Consultancy fees | 6,261 | - |
| Management fees | 1,100 | - |
| Advertising and PR | 925 | - |
| 54,669 | 27,213 | |
| Operating profit | 698 | 926 |
| Profit on ordinary activities before taxation | 698 | 926 |
- 9 -