Trustees Annual Report Year Ending 31 Dec 2022 

**Charity Registered Address:** 217 – 223, Kingsland Road, London, E2 8AN **Charity Registration Number:** 274154 



## **Contents:** 


**----- Start of picture text -----**<br>
Page 3 - 4<br>Overview:<br>The Trustees’ Board Report<br>Page 5 - 6<br>Our activities (Operations):<br>•<br>Community Progress Projects Report<br>Finance Reviews:  Page 7 - 8<br>• Financial Review<br>•<br>Independent Examiner’s Report<br>**----- End of picture text -----**<br>



**----- Start of picture text -----**<br>
Finance:<br>• Payments & Receipts Accounts   Page 10 - 13<br>(Form CC16a)<br>General:<br>Page 14<br>•<br>Supporters & Funders of our works<br>**----- End of picture text -----**<br>


2 




## **Trustees Annual Report (TAR) and Unaudited Accounts** 

## **For the Year Ended 31 December 2022 CHRIST APOSTOLIC CHURCH (Bethel) UK** 

The Trustees present their report for the year ended 31 December 2021 

## **Charity Registration No. 274154** 

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the charity’s trust deeds, Charities Act 1993 and the Statement of Recommended Practice, “Accounting and Reporting by Charities” issued in March 2005. 

## **Structure, governance and management** 

The charity was set up by a charitable trust deed dated 13 July 1977. The Trustees who served during this year (2020) were: 

- **Prophetess Fadeke Omideyi (General Overseer & Chair of the Board)** 

- **Evangelist Jane Mahama** 

- **Ms Alice Edeki** 

- **Pastor David Folorunso** 

- **Pastor Micheal Osundun** 

- **Phyllis Dawn Smith** 

Trustees are familiar with the workings of the church having been drawn from long standing Church members that have the skill set to offer an empathy with the charity’s core values. New trustees are invited and encouraged to attend training courses by the Chair and also to read guidelines and publications issued by the charity Commission eg **“the Essential Trustee”** , copies of which are given to the new trustees 

## **Related Party Relationships** 

Transactions with related parties are disclosed in the notes to the accounts. 

## **Risk Management** 

The trustees have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks. 

3 



## **Objectives and activities** 

The object of the charity is the advancement of the Christian religion in accordance with the tenets and practice of the Christ Apostolic Church (Bethel) UK. Various policies were adopted during the year in furtherance of this object. 

## **Statement of Trustees Responsibilities** 

The Trustees are responsible for preparing the Trustees report and the accounts in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). 

The law applicable to England and Wales requires the Trustees to prepare accounts for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that year. 

In preparing these accounts the Trustees are required to: 

- Select suitable accounting policies and then apply them consistently, 

- Observe the methods and the principles of the charities SORP, 

- Make judgments and estimates that are reasonable and prudent’ 

- State whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the accounts; and 

- Prepare the accounts on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. 

## **Summation** 

The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the accounts comply with the Charities Act 1993, the Charity (Accounts and Reports) Regulations and the provisions of the trust deed. 

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. 

## **Kunle Aderugbo** 


## **Church Secretary For and on Behalf of the Board of Trustees 17 October 2023** 

4 




Since coming out of the COVID – 19 pandemic period, this year (2022) has really been a consolidation period of our existing projects and bedding them in. 

## **Existing projects:** 

**Project name:** Breakfast and Befriending Club 

**Project Name:** “Harvesters”- Bags of Hope project 

**Project Name:** Hope 4 All 


**Project Name:** Go Getters 


## **Future Projects & Next year (2022) report** 

- Community Football Project - Relaunch (2022) 


- Hackney Community Gospel Choir (HCGC) Relaunch (2022) 


5 



- Ukrainian Crisis Support (2022) 

## **Kunle Aderugbo** 


## **Head of Community Projects (Operations) 17 October 2023** 

6 




## **Christ Apostolic Church (Bethel) UK To the Trustees of Christ Apostolic Church (Bethel) UK** 

## **Financial Review** 

I report on the state of the finances of the charity for the year ended 31 December 2022, which are set out in the below. 

It has been a really challenging year for the charity with income from our members been squeezed due to the pandemic period (the previous year), but we have been able to maintain our reasonable spending position. 

The total incoming resources for the year amounted to **£149,180K** and the total resources expended amounted to **£130,890K** leaving a net surplus for the year of **+£18,290K.** 

The balance of funds as at 31 December 2022 was **+£18,290K** 

It is the policy of the Charity that unrestricted funds which have not been designated for specific use should be maintained at a level equivalent to between three- and six-month’s worth of expenditure. 

The Trustees considers that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the charity’s current activities whilst consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year. 

## **David Folorunso** 


**Head of Finance 17 October 2023** 

7 




## **Christ Apostolic Church (Bethel) UK To the Trustees of Christ Apostolic Church (Bethel) UK** 

I report on the accounts of the charity for the year ended 31 December 2021, which are set out in the attachment. 

## **Respective responsibilities of the Trustees and Examiner** 

The Charity's Trustees are responsible for the preparation of the accounts. The charity's Trustees 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 what is needed. 

## **Basis of Independent Examiner's Report** 

My examination was carried out in accordance with the 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 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. 

## **Independent examiner's statement** 

In connection with my examination, no matter has come to my attention: 

(a) which gives me reasonable cause to believe that in any material respect the requirements: 

(i) to keep accounting records in accordance with section 41 of the 1993 Act; and (ii) to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 1993 Act; have not been met; or 

(b) to which, in my opinion, attention should be drawn to enable a proper understanding of the accounts to be reached. 

## **Deborah Anfo-Whyte** 


## **Independent Examiner (Bsc Finance & Accounting)** 

**46 Mayfield Close, Forest Road, London, E8 3DB** 

**17 October 2023** 

8 



## **Christ Apostolic Church (Bethel) UK** 

## **274154** 


## **Recei ts and Pa ments Accounts p y** 

**01/01/2022 For the period from** 

**31/12/2022** 

**To** 

## **CC16a** 

## **Section A Receipts and payments** 

**Unrestricted Restricted Endowment Total funds Last year funds funds funds to the nearest      £ to the nearest £ to the nearest £ to the nearest £ to the nearest £** 

## **A1 Receipts** 

|**A1 Receipts**||||||||||
|---|---|---|---|---|---|---|---|---|---|
|Charitable Receipts|**149,180**||**153,787**||**-**||**302,967**||**165,567**|
||**-**||**-**||**-**||**-**||**-**|
||**-**||**-**||**-**||**-**||**-**|
||**-**||**-**||**-**||**-**||**-**|
||**-**||**-**||**-**||**-**||**-**|
||**-**||**-**||**-**||**-**||**-**|
||**-**||**-**||**-**||**-**||**-**|
||**-**||**-**||**-**||**-**||**-**|
|**_Subtotal_**_(Gross income for AR)_|**149,180**||**153,787**||**-**||**302,967**||**165,567**|



## **A2 Asset and investment sales, (see table).** 

|||**-**||**-**||**-**||**-**|||
|---|---|---|---|---|---|---|---|---|---|---|
|||**-**||**-**||**-**||**-**||**-**|
|**_Sub_**|**_total_**|<br>**-**||**-**||**-**||**-**||**-**|



_**Total receipts**_ **149,180 153,787 -** 

> **302,967 165,567** 

10 



## **A3 Payments** 

|**A3 Payments**|||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|Charitable Payments|**130,890**||**55,794**||**-**||**186,683**||108,819||
||**-**||**-**||**-**||**-**||**-**||
||**-**||**-**||**-**||**-**||**-**||
||**-**||**-**||**-**||**-**||**-**||
||**-**||**-**||**-**||**-**||**-**||
||**-**||**-**||**-**||**-**||**-**||
||**-**||**-**||**-**||**-**||**-**||
||**-**||**-**||**-**||**-**||**-**||
||**-**||**-**||**-**||**-**||**-**||
|**_Sub total_**|**130,890**||**55,794**||**-**||**186,683**||**108,819**||
||||||||||||
|**A4 Asset and investment**|||||||||||
|**purchases, (see table)**|||||||||||
||**-**||**-**||**-**||**-**||||
||**-**||**-**||**-**||**-**||||
|**_Sub total_**|||||||||||
||**-**||**-**||**-**||**-**||**-**||
|**_Total payments_**|**130,890**||**55,794**||**-**||**186,683**||**108,819**||
|**_Net of receipts/(payments)_**|**18,290**||**97.994**||**-**||**116,284 **||**56,748**||
|**A5 Transfers between funds**|**-**||**-**||**-**||**-**||**-  **||
|**A6 Cash funds last year end**|**-**||**-**|<br>|**-**||**-**||**-**||
|**_Cash funds this year end_**|**18,290**||**97,994**||**-**||**116,284**||**56,748**||



11 



## **Section B Statement of assets and liabilities at the end of the period** 

## **Categories Details** Bank Balance 

**B1 Cash funds** 

## _**Total cash funds**_ 

|**of the period**|||
|---|---|---|
|**Unrestricted**<br>**funds**<br>**to nearest £**<br>**72,226**<br>**-**<br>**-**<br>**72,226**|**Restricted**<br>**funds**<br> <br>**to nearest £**<br>**226,253**<br>**-**<br>**-**<br>**226,253**|**Endowment**<br>**funds**<br>**to nearest £**|
|**72,226**|**226,253**||
|**-**|**-**|**-**|
|**-**|**-**|**-**|
|**72,226**|**226,253**|**-**|



(agree balances with receipts and payments account(s)) 

**Unrestricted Restricted Endowment funds funds funds** 

**B2 Other monetary assets** 

## **Details** 

|**to nearest £**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**|**to nearest £**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**|**to nearest £**|
|---|---|---|
|**-**|**-**|**-**|
|**-**|**-**|**-**|
|**-**|**-**|**-**|
|**-**|**-**|**-**|
|**-**|**-**|**-**|
|**-**|**-**|**-**|



## **B3 Investment assets** 

## **Details** 

|**Fund to which**<br>**asset belongs**|**Cost (optional)**<br>**-**<br>**-**<br>**-**<br>**-**|**Current value**<br>**(optional)**|
|---|---|---|
||**-**|**-**|
||**-**|**-**|
||**-**|**-**|
||**-**|**-**|



12 



**-** 

## **B4 Assets retained for the charity’s own use** 

## **B5 Liabilities** 

Signed by one or two trustees on behalf of all the trustees 

|**Details**<br>Equipment<br>Furniture and Fittings<br>Minibus<br>**Details**|**Fund to which**<br>**asset belongs**<br>**Fund to which**<br>**liability relates**|**Cost (optional)**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**<br>**Amount due**<br>**(optional)**<br>**-**<br>**-**<br>**-**<br>**-**<br>**-**|**Current value**<br>**(optional)**|
|---|---|---|---|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**-**|
||||**When due**<br>**(optional)**|
|||**-**||
|||**-**||
|||**-**||
|||**-**||
|||**-**||



Date of approval **17.10.2023** 

Print Name **Mr David Folorunso** 

Signature 

13 



## **Organisations who currently fund and support our works:** 









14