No 12001a¥ CHM8T APOSTOUC CHURCH KINGSREALM Annual Accounts For pertod 6nd 31 December 2024 GAHwrf•&CoLtrJ cMrt•rthl Acwuntants & Rtyl•t•r•d Aud Brullmor pl¥• Jubll•• Rd Mhldloton M•n¢hMtv M24 2LX
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CHRIST APO8TOUC CHURCH I(ING8REAUA IIEFEReiicE8 AND ADMWISTRATIVE DEfAILS OF THE CIL4RirY, rrn TRVgTEE8 AND ANJER8 FOR THE PER eK•eD 31 DECEMBRR 2024 lknthld• ItnNm ¢ty T•oknOwno 12C11123 IY14 Ro•d T8111 1nd•Pd•tmIA11 OAH•rl84CoL JutAki• Ilo•d
CHRIST AP08TIXIC CHURCH KINa8REALM TRU8TEEVREPORTS FOR THE PERIOD ENDED 31 DECEMBER 2024 th• UK (m 11A) •wd 1• W2014. brrm clth• ThJ•t dm Indwkn ftf •ry rnty•s¥x4th rnnb•rOltr•ThI rffjrwkn•• • Ir•J•l m••lro 1th th• mrrf 21Page
TRU8TEE8' REPORT8 l¢x>ntlnu•d) FOR
The PERIOD ENDED 31 DECEMBER 2024
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CHR18T ApoOUc CHURCH KINO8REALM TRU8TEE8' REPORTS (conllnu•d} FOR THE PERIOD ENDED 31 DECEMBER 2024 A¢HIEVIMENT• ANO PERFORMANCI AIVIIWOFACTI¥rn T••n1#ll•l ChuY¢h Th• Dbft•l Chwth m••ts •Nvy8kn, Iwn•ow• 8ulpbJr••. l••d•thlp. and t r••Fdn•loiifty. Thrwh Inr&1• I••thI •Thl m•ntrnhb. Ilw• ywng Indfvklu•L• •r• vnpwr•d tr• t•k• rwpm•1l1fy In v•rlM unts Ih• thuth. TW r• r#y •¢J¥• nwr•r• afuntt• •uGh • IM 1, •nd w•K•ro. WI1¥ th•y lha mthng v•luth TN• l• Mt • COMTh f••tsJrn In IK¥rt• In th• UIL To Ih• gknry olQod, th•r• hm b•m Irm, bjt nwiy btrth•wwl olthj Th• INJ• 50 th11 nwk• up th• 019hl Chwth. 4. ¢halr Th• Curr w•ry8•od•yfrryn 7wn kn 9yn for rnh•rn•b, of •x¢dl•nc• Iwnwrrk. To wrforrMrM. th• •qUIwitd t11. kndwlr4 rob••, C[dI, lo1 drum4 vd oth•rmu•k•l Irthfflwrtl. Th•M •t•t•gk •lwM¢ •111d•nty ffvYrnII qulty. Wltrt r lh• t•. rr•J•kal ha• Inprty•d •r#J rnIn h•• b•cxn• rrKn rff•th•. Th• O. M•d th• thuth'l 40&1 rn•th p¢&, th• F•o•boe p•p• rrflyThb• thr, •Murhg upd•t•• Ir kng ¢XInnt To •nhAn •bNlty. trh• M•dkn Unlt •Grylrwl •wlpmmt kn 2024. haJlr•J • C•rKm EO3 RP D8LR ¢4ftrn, IkT IAkn•. • vhJ•D tr•n•ntt•r, rMdl•l•ek•M * 424rth T41, Ind •ofMrn. Th1• upw•d• h# I4r•ntty Irnry¢y4•d I¥911•M Th• •Thrt•d ¢n •n •W•lln tyJtr••th. dwl9rlng 1.mo fy•Tr •rd 300 po•tw• ty) v••th th• loul nrnr4ty. Th• +xrtrn•ch yknld•d l•rW•kn r••ufA. h 15 dmd1I dhctyloknlTrJ th• ¢hLwth m• • ol 7, Chuvoh Pknntknq 8rnlthbwn Rtxd. F•lllw, G•t••h•d. To mdntah tA• W••. rnnt Vrnh, •nd hlkMNp. Th• WntI••r•d ndnl#•rn. P•tsr(Xllylnka (Cuth R•pubk) P••ttY (X•dokun (NWrkn}. d•1d IrWii ind mlnl••d tr) i%ry•g•kn. cd•bT•Ikn or•lPAwJ•. unty. rlbl rInw. It •n apportyr r•ffxonth• 0?r¢h,1r. f4 4wwJ t•ryThrnltlo Ib •TrJ v•lw•. 9. Wom•n Th• iffn alth• ••lty14rw•>v Imd YWln••d1y. INty p1• trtr•m•d, Ih•lrfanlllw al th• (+pJrth. Vlrth • M•n0f87Mryn, IN• d•thC wppth and rcmeItO d••p•n f•Th, Th¥ Wom•rf• Mlrknty Thutry'Shirn and C•rf ••Mbr•, d•1 Lwum them •nd th•lrfamllkn. Th• •Af• and cu)IbJ•nld •p•c• f(¥t•• ¢Jpw dl•low•. •m. ar •nc¢)uFwwrt •mptyr4 10. M•n Th• unttdlh• 47 mmty tyy•nlMd in cffllln• m.1 •F••k•r Vr orn C•n•d. nI prnvkl•d o pbth tr rrw kn 9ItrAr, *m. growknuits)w, focuithg on cthl 11. Follo 51P8ge
CHRI AP(18TQUC CHURCH KING8REALM T•¢hnl TRusfEEW REPORT8 InIlnu•d) FOR ThE PERIOD ENDED 31 DECEPIBER 2024 12. T•¢hnl¢•l The Tethnl•l Unh * Atd rd• u•Np •qulwnt op•rakn. To •fihM P•1Y. th• T•nty •L¥4u•J rw•wlpmwL knduthg thr•0 fflbyoF, thr•• •pMk• 13. U•lL•rtn• durfr4 MNle4•. TN• thdhxtsd ¢IrTAl tk•l•y to •nthrmm•nttrwvr•Np •Th1 f•lW, 14. Mknl•l•r• ThDrn w• nlM191 rthlthl 11 P••lor 11, Ulv• 17. TN•N•y• Th• W•hr• UnYI dnItrIA •r#l ¢•rn fty rn•n•r•, nr• P•Mnts. IhroughVrf Thp unlt 6yo¥ldM •Jpp¢xt f¢rf•txn I>•bl and nurnlr4 •1kn4¥1th •n•urtTrJ th rrwbw• r•c•frA th• h•lp rk••d IK• •Tr. Th• W•hr• •L•) rxAnffnJnty ¢T•rn ty ¢xynL•trq•n •farto (4a thr••fvlc••. ThL•w•rrn •rnl chwth. w•pu•• lh• Iwtth• w•rrtw• m dmn, ljdy. •mlmIrvj for ffwnb•M •nd vknknr•. ThdI1y1•I ¢uth, ww4lrq •••. •qylrt•TrJ olhw +Mt• a ¢x¥nmunty. 20. 4 IlIlnl•l•r•' Th• ¢hurol wkit1MM• tr• •rnJ dvrfWi•ntof h mlnL•lw• •nd r•yJkv trnlng ind ffMUng•. In 2W24. •i¥hlnlrvJ •M•kn• C•d. f•dlMthJ ty••kn•Tr•d l••dw• R•v. 0 8okYN •nd P••bJr ¢Jd• comk7yJW •rA U1&Wn0 Ih I•1P. 21. Don•tl•M fryjr 11p1 thr•• 120 rt•h Thbl •qulwrr4n¢ kn ol Immnw b•rhifftto 22. Outr••qh Iwp• P)10 Inlth•lt¥w Ind4pJ• th• P•Thtsl •th1oUgh Surnrrlt In Wl•nMII. BlckbJm. •nd Gwmffji. th• P••ltyoylwtsd •Jtr•mth wDgr•nrn In Cz•th R•wrt>ll • VArf• Youth In Iyort H•rrAurt•Thl ¥1. Th•M outr••chM h•v• hwl • It4•8 rAforrnlTrJ ¢x¥nrnuntll••. 23. •p•ol•l R•l¥al IMv•mm• Irdud•d Dr Olurnlth Emrn KYl•Irtrrf. P•r qo tr'Atrywhw• of ¢rth (•r•DT d•V•k1pt yoy•mnvJ• lo m•mbw• to r•th It11 p1 In ttwtr prof•MhJn•l Ihw. R•rXy oxports, trthpahq MrT(*g Mr P•tsr Olwrtrl. f•difth thM• pry•mmM, •h•rfng valwlA• Irlghl• •nd •oVK• oy••r grrAtrth •nd dw•loprr Th• pffj¥Jr¥mrM8 •qulpp•d portdwrrti lth ¥Al•, •rffJ o)rffldonr la th¥no• In orn•rn. By h¥UrwJ tr 90•1 of fa m•mbw4 lh• thurth A• oJnvth•nttothdr trKN•lk*ItsnO. •rrymrf 61Page
CHRI8T Apovfouc CHURCH KING8REALM IRU8TEE8' REPOM Icontlnu•d) FOR ThE PERIOD ENDED 51 DECEMBER 2024 FWINCL4L REE IIEJERVE• P¢UCY Th• Tru•tw• • OIGY urnth¢l fvr¥J• n¢X Lxynmltt•d ¢rlrN•rt•d In fwl a••ty fftfr•• tyth• ¢hurth •PaAd ba •qthdwrtto thrn• m¢nfv rf•nnwl •xrthm. At . troTN•t••b PRINCIPAL VUNDf4G PLAN8 PQR TH• FUTUR• T• ¢OrtIr p•41• elK¥J•• thrt p•th In Ih. T• pmttyto •ur•3••d brPlIAl frrrn •i•ptythig . T• +xrthJll Ith•filr¥ th• ¢1 rt•f•Nh In Mlthll••W To •tsarK• Trnrth•Uon tlw• Img•Xfvd •r¥•gwn•rtTII h¢1•Ww•d •TATEMiirr op Thll•TIIV Re•poNfflBiunE• and Urtt•d lQngdryn std (Unl•d Kln•l4n 13•n••lAc¢1pe•d W• •tr Ilk• to ••tat4th • rhllw +YK¥¢h lNnlhb wl•h aothlt th• &dldr•r5 b• In m QDnrf¢rftbl• •rnrloy •xp•rf•rw2• <u¢h. ttl( ol h •tai• al ofth• cl th• r••wro•• ¢ ' ob•rn th• •rKI prfr<lW•• In Ch•tts SORP.. lh• (rfty 11 ITh ¢y•rthi. flrnTyj pLOn 1yrftyd wtl• IIArn to •nw• thllt th• Ad2011. Thvrf 71Page
CHRisf AP08TOUC CHURCH KING8REALII INDEPENDENT EXAMINATK>N REPORT FOR THE PERIOD ENDED 31 DECEMBER 2024 I wrton Ih• •xwrttrth• •Thd31 D•ots2024 Th• chrtV• tru•tw •r• r••w&ll••x th• allh• Th• trpJkn•• (xiroldwtht In udR ts MI r•qulr•d frK th1• (und•r 144 ol th• Act 2011 (tr0 2011 Wl an Ind•p •x•mln•Yon li r•qulr•d, It l# ry r••pM•lbllllyt •x•mlrr4 th• •co>Jnts und•r 8•0kn 146 2011 to folk)w th• pwduM• lth ¢$? In fv G•n•r•l firn¢lloro Ov•n by Qwlty Comnlwbon {und•r 8•Gkn 14015) of th• 2011 Acll; Ind Il••l• ofth• Ind•p•nd•nt•Mnln•f• My wmln•lon ¥M• rrf•d ¢yJt In I)rdIn thh th• G•rwo1 DIrIDn gfv•n by th• Chwlty Cornmh•kJn. •xIm1th Inrludw i r•vl•woftr Wbyth• thrlty •nd • ¢ornp¥tson oftrkn (wJnt• PTw•rrt•d th• r•card•. It •lw Ind•• ecffiddor•ltsn U•u or ¢I•dU• In •cwJnl•. •nd •n9 •xpl•n•lQ frrrfn you M Iru•lw• COnMIl4 •ny •uch m•tlv& Th• wo¢>•dur•i ur#J•rtk•n ) not prthl• •ll th• WI1( th•t Aruld b• T•qulr•d kn in wdll, •nd M•qu•IY no opknbn l• ty•n a• trj 4th•trr th• Iru• Ind f•tr VIN. Ind th• r•port ll Ilnltsd to IIKx• mtt•rn Mt out In lh• tht•ftnl• b•hx. Ind•p•nd•rt•xaMln•t• •l•l•m Ivk••p rwd• In •ccrydvK• wh 1>) rfth• 2011 Prt •rKI to pr•p•r• •rawnts •CLYMI Thlth th• I•d• Ind to (aynply •m)unUrvJ r•qulr•m•n ofth• 2011 A¢t hw• not b••n rfrt or 12) to In my oF4rAK att•rthn IAd b• a wap•rund•r•kndkffj ofth• •KourrtB io b• rn•thd. G A H•rrf• a Co Ltd & RoglJt•r•d Brullrnar Jubllg• Ro• klDn M•ndw•t•r M24 2LX D•to: 24th Oqtsjhr 2tr25 8IPag8
CHR18T APOSTOUC CHURCH KING8REALIA srATEMENT OF HNANCIAL AcrivmE8 FOR THE PERIOD ENDED 31 DECEMBeR 2Q24 Unre•trlctsd Unre8tr1(led Fund• FurMI• INCOMING RE8OURCE8 In¢¢mln• f•wuro•• from g•n•rat•d fund• Incom• 48218 10.073 Total Incomlng mounJ•• 48.216 RE80URCE8 EXPENDeD 40.403 15,45T Tot•1 r••purc•• •xp•n••d 40,403 4yrplu•l Id•fi¢h) for th• y•w 6.813 818 The noi01 f(Thi part crfthoa• ¥tatsm•nts 91P8g
CHR18T APO8TIXIC CHURCH KIN08ReALII 8TATEMEpif OF FINANCIAL P081TION FOR THE PERIOD ENDED 31 DECEMBER 2024 2024 unr••trIfjd Fund• 2023 Unrn8b1ctod Fund• FIXED A88Ef8 Tanglble au•ts CURRENT A88Ef8 Cash at bank D•bto 5,314 CREDrroR8 Amount• falllng du• *lthln on• >••r 300 NEf CURREiff A88ET8 4.474 300 TOTAL A88Era LE88 CURREirf UA8ILme8 7.H1 2.128 CREDrroR8 Amowl• f•Ulng du• •ft•r mor• Ih•n orn y•w 1,012 Nrr A88eT8 6429 816 FUNDS Unv••tTl¢t•d fund•: •nernl fvnd 818 TOTAL FUND8 6429 618 Tho Ilnandal 8tatornts wwe •PFxpvthI ty th• Bowd ofTru•tsM ¢)n 24110r2025 and wwo •lw•d on tts b•h•if by: ON BEHALF OF THE BOARD: PASTOR EzEL AGBOOLA OLADELE Tru•t•• 10IP2ge
CHRIST AP08T¢XIC CHURCH KING8REALII NOTE8 TO THE FINANCIAL 8TATEMEKfs FOR THE PERIOD EMDED 31 DECEMBER 2024 ACCOUNTINa POLICIE811) A¢¢ounUng conv•nll Tha flnonclal •tAt6m8nt• h•v• b•w pr•p•red WKlwth• hl•t(xl¢al c(tcorwwthi •nd h wlth tho •tat•mont ol rncomm•nd•d wackn., Acc11 and Reportlng by pr•porlng tholr In accordRnc• wllh tho Flnanclal R•png Standard •pp4¢•bh h th• UK arnl R•pubk of hknnd (FR8 1021 Imuod on 16 July 2014 •nd wlth the P£t 2011 In¢omlng rn•oiir¢ All Incomlng r•wJrc•J rn ud•d on th• 8tatTh)t ¢1 Flnmchl wlwi th• ch•rtty l• l•Bally wthlod to th• Inrn• arKI lh• •moLml w b• qu•ntlA•d Trth r•uon•bl• •e(¥xw. Exp•ndliur• l• a¢countsd •n accru•l• 11¥ •rKI h•8 b••n cW•d und•r tho h••dlrgJ Ihot •ggr•gat• •ll co•ts ro18t•d trj th• tygory, Whorn crts c4nnot b• dlr•cly 8ttrfbut•d to pNrtlpJ•r h•Adlnp th•y h4V• b••n alk)catod to a¢llvlle• on a b••l• 11•tOnI ¥Ath tr•• of rn8ourcM. T•nglbl• FPx•d A•••ts Tonglbl• fflx•d oo••ts vo m•awr•d at c4xt l••• •¢4wiul•tr•• dy•d•llon •NI wy curNl•U¥• Imwlrm•nt Io•M•. D•pro¢lalon Is prryld•d on all tsrylble llxéd •M•ts. oth•r th•n frn•hold Ilnd, at r•to• l¢Utell to Lrfl th• ¢0•( l•M ••llm•tsd mIdl ¥•, d•ach u••t w•rty ov•r K• •ypKt•d u••fvl life, M foll(rw•: Motor V•hlcl•• Comput•r• & EqulpThnt 25% f•duclng bAl•no• 20% rod bahnc• Tuatlon Tho chorlty l• exompl from tax on Its ch•rllth •clMiIo8. Fund •¢eountlng unr••tr1c lund• b• umd In •c¢u(Im wlth th• dwAablo obJecV¥•• ettho dllcrnllon dth• truit•M. Rthrtctad fund• can onty be u•ed for pirtkthr rn•lrIC pwpo•M **thln th• oblocts ofth• ch•rfty. Re8trfcU¢)n arlw when •p•¢ffi•d by t thnor or whon fundj wo rn1•gd for partlar ¢1•d purpo•M. Furthw eXplat alth• n•lur• 8NI of furKI l• In¢kthd nDts• to the IlTh•rt •tatom6nts. VOLUNTARY INCOME (2) 2024 Donatbn8 r•cdvod 46,216 48.218 11 IPage
CHRiff AP08TIXIC CHURCH KING8REALM NITh8 TO THE FINANCIAL ATEMENT8 FOR THE PERIOD ENDED 31 DECEMBER 2024 OOVERNANCE C08T8 (3) 2024 R•rrt & rat•• 4,851 Alv•rU•lrq AcooLml•n¢y HM¢ •rKI •lKtrldty Jdnl ml•n •xp•n• 22,512 D•prnd•tlon Tr•v•l R•Polr•knwl Ev•nt• 3,941 H•lp for m•mb•rn Motor 15,407 TRU8TEES' REMUNEIIATION AND BENEFrr814) Th•r• ww• no trLt•••' r•rnuMrnUon or oth•r b•n•fft• forth• y•v •nd•d 31&t DOCb•r 2W24 TN•t•M' •xp•nM• Thorn wwo no trwteO0' oxperM• pdd kn th• yo•r •nd•d 31rt 1>b2024 121Page
CHRIST AP08TOUC CHURCH KINQ8REALPA NOTE8 TO THE FINANCIAL ¥rATEMENT3 FOR THE PERIOD ENDED 31 DECEMBER 2024 GREixfoR8: AMouiif8 FALLlla DUE IITTHIN ONE YEAR16) 2024 Accountar MOVEMENT IN FUND816) A• •t 8urplu (thfidt) 31.1Z2023 31,122024 Unr••lrlat•d fvndl Q•n•r•l fvnd 618 0,813 8,429 TANaiBLE FIXED A88Ern equlwn•nt V•hld•• Totsl At 31$t D•mb•r 2023 AddlUon• At 31gt D•o•mb•r 2024 2.428 1.905 4.333 2,428 D•pr•Clon At 31•t Dee•mb•r 2023 Chary• for the y••r At 31•t D•c•mb•r 2024 887 867 N•t book v•lu• At 31•t Docamb•r 2024 CREDrroR8 . AMOUMT8 FALUNG DUE AFfER OME YEAR181 M•mb•r Loon 1.512 1.012 131Page