## **FINANCIAL ACCOUNTS** **30[TH] APRIL, 2025** Prepared by: Kaxton Advisory Apostles Continuation Church Int. UK 2 **DELIVERANCE AND REVIVAL CENTRE 32 MITCHAM LANE LONDON SW16 6NW** HarrowMiddlesexHA1 1 ## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30[TH] APRIL, 2025.** The trustees of the charity present their report with the financial statements of the charity for the year ended 30[th] April, 2025. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005. ## **REFERENCE AND ADMINISTRATIVE DETAILS:** **Registered Charity Number: 1208093 Registered Office: Fisher House 32 Mitcham Lane Mitcham SW16 6NW** ## **Trustees:** Mr Clement Akin Ogunmoyo Trustee (Chairman) Mr Ble Abel Zaddy Trustee Ms Emwanya Mokolongo Trustee Mr Benson Michael Okoeguale Trustee Mrs Taiwo Omotola Bamgbele Trustee Mrs Tokunbo Funmilayo Ojo Trustee ## **Independent Examiners:** Kaxton Advisory Ltd Suite 6 The Generator Business Centre Surrey CR4 3FH **Bankers:** Lloyds TSB Bank 1 | P a g e ## **STRUCTURE, GOVERNANCE AND MANAGEMENT:** ## _**Governance**_ The church is governed by a Constitution and the Church Council, as defined by the Charities Act 2011. ## **Membership of trustee board:** The trustees of the charity are also voluntary trustees for the purposes of charity law and under the charity's Constitution are known as members of the Trustees Board. ## **Induction and training of trustees** All trustees are familiar with the practical work of the church and have undertaken training to support their role. ## **Organizational structure** The Trustee Board meets quarterly, and a quarterly branch feedback report is given at each meeting. The Pastor has the responsibility for the day-to-day operational management of the church supported by the Assistant Pastor elected. ## **Risk management** The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. Internal control risks are minimized by the implementation of procedures for authorization of all transactions and projects. Procedures and risk assessments are in place to ensure compliance with Health and Safety of volunteers, members; children, and visitors to the church ## **OBJECTIVES AND ACTIVITIES:** ## _**Objectives - For the Benefit of the public**_ - a) To advance the Christian faith through youth programs, Christian seminars and symposia, conventions and crusades, Bible studies, Theological Education and Evangelical training. - b) To relieve poverty, financial hardship and to promote and preserve good health by the provision of funds, goods or services of any kind, including through community outreach, feeding the homeless, the provision of counselling and support in such ways and in such parts of the United Kingdom or the world as the Church Council from time to time may deem fit - c) To advance education in such ways and in such parts of the United Kingdom or the world as the Church Council from time to time may deem fit. - d) Other initiatives that the charity may from time to time conceive in the interests and for the benefit of its members and the wider community in the UK. 2 | P a g e ## **ACHIEVEMENTS AND PERFORMANCE IN THE YEAR** Through the hard work and dedication of the Pastors, Ministers and Volunteers involved with the work of the ministry, the charity was able to achieve the following, over the course of the year ending April 2025: - a. - b. Sponsor a sizeable number of youth members within the church to attend a summer camp retreat, held annually at Ashburnham Place. - c. A help empower the women in the church and promote wellbeing, healthy living, dieting, advice on gainful employment, management of family matters, training of children, financial accountability etc. - d. Providing end-of-year gifts for church members and the needy within the local community, over the festive Christmas period. - e. Arranging hospital visits, to pray for the sick and for those suffering from one infirmity or the other. - f. Installation of CCTV cameras both within the church building and externally, for the safeguarding of the children and other vulnerable members of the congregation. ## **FINANCIAL REVIEW:** ## _**Church Finances:**_ The church finance committee was responsible for the financial planning during the year. The church was able to raise **£113,094** as well as a total spending of **£106,966** within the year resulting in a surplus of **£6,127.** 3 | P a g e ## **STATEMENT OF TRUSTEES RESPONSIBILITIES** The trustees are responsible for preparing the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice (UK GAAP). Charity law requires the trustees to prepare financial statements for each financial year. Under that law the trustees have elected to prepare the financial statements in accordance with the United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The financial statements are required by law to give a true and fair view of the state of affairs of the charitable company and of the surplus or deficit of the charitable company for that period. In preparing those financial statements, the trustees are required to 1. Select suitable accounting policies and then apply them consistently. 2. Make judgments and estimates that are reasonable and prudent. 3. Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Charities Act 2011. 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. 4 | P a g e STATEMENT AS TO DISCLOSURE OF INFORMATION TO INDEPENDEY4T EXAMINERS So far as the trustees are aware, there is no relevant inforn]ation of which the charity's independent examiners are unaware, and each tn￿lee has taken all the Step5 that they ought to have taken as a trustee in order to make them awar¢ of any examination infomiaiion and to establish that the charity's indep¢ndeDt examiners are awar¢ of that inforn￿￿on. INDEPENDENT EXAMINERS The independent examiners. Kaxton Advisory Ltd., will be proposed for re-appointment at the forthcoming Annual Genet81 Meeting. On B¢half of the T￿￿tee$ Board.. Mr Clement Akfin l)gunmoyo 18 Febnwy, 2026. 51PagTe ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF DELIVERANCE AND REVIVAL CENTRE** I report on the accounts of the Church for the year ended 30[th] April, 2025 which comprise the Statement of Financial Activities, the Balance Sheet and related notes set out on pages 8 to 14 This report is made solely to the Trustees Board in accordance with Section 145 of the Charities Act 2011. My work has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in an Independent Examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Church and the Church’s trustees for my examination work. ## **Respective Responsibilities of Trustees and Examiner** The Church’s trustees are responsible for the preparation of the accounts. They consider that an audit is not required for this year (under Section 144 of the Charities Act 2011 (the Charities Act)) and that an independent examination is needed. It is my responsibility to: - Examine the accounts (under Section 145 of the Charities Act); - To follow the procedures laid down in the General Directions given by the Charity Commissioner (under Section 145(5)(b) of the Charities Act); and - To state whether particular matters have come to my attention. ## **Basis of Independent Examiner's report** My examination was carried out in accordance with the General Directions given by the Charity Commissioner. An examination includes a review of the accounting records kept by the Church 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 you as 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. 6 | P a g e Independent Examiner's statement In connection with my exarnination. no maller has come to my attention: l. Which gives me reasonablc Cause lo believe Iliat in any material respecl the requirements L" . lo keep accouniiiig records in accordance willi Section 130 of the Charitics Act ,'aiid [1 lo prLpare acLouiils wl)icli accord with Ilie accouiilii)g reLurd5 2025
General Funds Restricted Funds Total
£ £ £
Note
INCOMING RESOURCES
General Income 2 113,094 - 113,094
-
-
Total 113,094 - 113,094
RESOURCES EXPENDED
Charitable Expenditure:
Administration & Management 3 106,966 - 106,966
Total 106,966 - 106,966
NET INCOMING RESOURCES 6,127 - 6,127
Movement in Funds
-
Net Incoming Resources 6,127 6,127
- - -
Balance brought forward
Transfers - - -
Balance Carried Forward 6,127 - 6,127
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8 | Page DELIVERANCE AND REVIVAL CENTrE BALANCE SHEET AS AT30TH APRIL2025 Note NonQurrenl As$etS Fixed Asset 2560 2560 CurrentAssets Bank 20368 20368 Credltots: Amountfalknng due within l year 1800 Nel CurrentAssets 18568 Credltois". Amount falllng due in more than lyear 15000 Assets 6128 Funds General 6127 6127 Approved by the i*)ard Council on signed on its behalf by Clement Akln Ogunmoyo (Chaimwi) {T 9 | Page ## **NOTES TO THE FINANCIAL STATEMENTS:** ## **1. ACCOUNTING POLICIES** The financial statements have been prepared in accordance with applicable accounting standards and the Charities SORP. ## **Basis of Accounting:** The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are show at market value. The financial statements include all transactions, assets and liabilities for which the Church Council is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body nor those that are informal gatherings of church members. ## **Incoming Resources:** All incoming resources are included in the statement of financial activities when the charity is entitled to the income and the amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income. Voluntary Income is received by way of collection of alms, tithes, special appeal for funds, donations and gifts and is included in full in the statement of financial activities when receivable. Grants where entitlement is not conditional on the delivery of specific performance by the charity are recognized when the charity becomes unconditionally entitled to the grant. Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included. Gifts donated for resale are included as incoming resources within the activities for generating funds when they are sold. Income from investment is included in the year in which it is receivable. ## **Resources Expended:** Expenditure is recognized on the accrual basis as a liability is incurred. Expenditure included any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates. Costs of generating funds comprise the costs associated with attracting voluntary income and costs of trading for fundraising purposes including the charity’s shop. Charitable expenditure comprises of those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Governance costs are those costs incurred in support of expenditure on the objects of the charity and include project management. 10 | P a g e ## **DELIVERANCE AND REVIVAL CENTRE NOTES TO THE FINANCIAL STATEMENTS - 30TH APRIL, 2025** ## **2. INCOMING RESOURCES** |**Voluntary Income**
**General Fund**
General Offering
Tithes
Thanks Giving
Donations
Other
**Total**|**General Funds**
88,418
15,902
3,190
3,293
2,290
**113,094**
**113,094**|**Restricted Funds**
-
-
-
-
-
**-**
**-**|**2025**
**Total Funds**
88,418
15,902
3,190
3,293
2,290
**113,094**
**113,094**| |---|---|---|---| 11 | Page ## **DELIVERANCE AND REVIVAL CENTRE** ## **NOTES TO THE FINANCIAL STATEMENTS - 30TH APRIL, 2025** ## **3. RESOURCES EXPENDED:** |Rent & Insurance
Repairs & Renewals
Accountancy
Children's Ministry
Stationery/postage
Pastoral
Administration Cost
Utility
Telephone/Fax
Social Activites
Organist
Depreciation|67,374
-
5,317
-
1,800
-
1,200
-
628
-
15,424
-
5,311
-
2,360
-
814
-
1,190
-
5,150
-
400
-
**106,966**|**2025**
**Management &**
**Admin**
67,374
5,317
1,800
1,200
628
15,424
5,311
2,360
814
1,190
5,150
400
**106,966**| |---|---|---| 12 | Page **DELIVERANCE AND REVIVAL CENTRE NOTES TO THE ACCOUNTS - 30TH APRIL 2025** ## **6: FIXED ASSETS** |Cost
Additions
Disposal
**Balance as at 30th April 2025**
**Depreciation/Rate**
As at 1st May 2024
Charge for the year
**Balance as at 30th April 2025**
**Net Book Value**
As at 1st May 2024
**As at 31st December 2024**||**Fixtures & Fittings**
2,000
-
**2,000**
400
**400**
-
**1,600**|**PA System**
1,200
-
**1,200**
240
**240**
-
**960**|**Total**
-
3,200
-
**3,200**
-
640
**640**
-
**2,560**| |---|---|---|---|---| 13 | Page