
## **Trustees Annual Report** 

**Unaudited Accounts and Financial Statements For the year ended 31 December 2024** 

**Christ Apostolic Church (bethel) UK** Registered Charity Number: 274154 

Registered Adress: 217 - 223, Kingsland Road Hackney London E2 8AN 



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Christ Apostolic Church (Bethel) UK 

Trustees Annual Report (TAR) 2024 

## **Contents** 

## **About Us** 

Our Mission Statement Our Vision Our Motto Our Ethos 

## **Board of Trustees Report** 

## **Financial Review** 

## **Independent examiner’s report** 

## **Financial Accounts** 

Statement of Financial Activities (SOFA) (section A) Balance Sheet (Section B) 

Notes to Accounts (Accounting Policies) (Section C) 

## **50th Year Anniversary Celebrations** 

Headqaurters 50th Anniversary Thanksgiving Celebrations (Summary Report) Romford Branch 5th Anniversary (Summary Report) 

## **Community (Social Impact)** 

Social Impact Summary Report Community Projects Update Community Progress Report & Social Action updates 

## **News** 

Successful grant support from National Lottery Communities Fund 

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Christ Apostolic Church (Bethel) UK 

Trustees Annual Report (TAR) 2024 

## **Our Mission statement** 

Empowered by the Holy Spirit to fulfil the great commission as given by Christ Jesus to make disciples of all nations, we seek to minister the uncompromising message of salvation and to express God’s love with a holistic approach to meet the needs of humanity, to the end that eternal life is gained 

## **Our Vision** 

- To truthfully preach the gospel in love to bring about a God-pleasing nature and lifestyle to the body of Christ and our communities. 

- Promoting an optimum level of spiritual intensity, integrity, and relational maturity within our community. 

- To this end we are committed to Holy Spirit led worship and evangelism through various media platforms to our community and the world. 

- In the love of Christ, we passionately seek to cater for the welfare of people within our 

- community through various initiatives and to collaborate with local churches and charitable organisations in building a vibrant, healthy, inclusive and harmonious community. 

**Our Motto:** “Christ leads, we follow” 

## **Our Ethos** 

“Prayer is our business, the Word our priority, Praise our Mandate and Salvation our message” 

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Christ Apostolic Church (Bethel) UK 

Trustees Annual Report (TAR) 2024 

## **Trustees Board Report Trustees Annual Report (TAR) and Unaudited Accounts For the Year Ended 31 December 2024 CHRIST APOSTOLIC CHURCH (Bethel) UK The Trustees present their report for the year ended 31 December 2024 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 (2024) were: 

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

- Evangelist Jane Mahama 

- Ms Alice Edeki 

- David Folorunso 

- 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. 

## **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). 

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Christ Apostolic Church (Bethel) UK 

Trustees Annual Report (TAR) 2024 

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 mate 

   - rial 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 & Head of Administration Email: secretary@cacbethel.org** 

For and on Behalf of the Board of Trustees of Christ Apostolic Church (Bethel) UK 

06 September 2024 

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Christ Apostolic Church (Bethel) UK 

Trustees Annual Report (TAR) 2024 

## **Financial Review & Report Trustees Annual Report (TAR) and Unaudited Accounts For the Year Ended 31 December 2024 Christ Apostolic Church (Bethel) UK** 

**To the Board of Trustees of Christ Apostolic Church (Bethel) UK Charity Registration No. 274154** 

## **Finance Report to the Board of Trustees** 

On behalf of the Finance committee, I am pleased to present the financial report for the year 2024 to the Board of Trustees. 

## **Wider economic overview** 

The wider economic climate in UK has continued to be challenging this year, and the charitable sector continued to face increased demand for support as well as increased costs for delivering charitable works and income generation. 

Within this context, this Charity’s financial performance remained strong, thanks to our loyal members, volunteers and partners. We are indeed grateful to them all. 

## **Accounting Policies** 

## 1.1 Basis of preparation of accounts 

The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standards for Smaller Entities (effective January 2007). The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP), “Accounting and Reporting by Charities” published in March 2005 and applicable accounting standards. 

## **1.2 Fund accounting** 

General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes 

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors which have been raised by the Charity for specific purposes. 

## **1.3 Incoming resources** 

These are recognised in full within the Statement of Financial Activities in the period in which they are received. 

## **2.0 Going Concern** 

The Charity continues to prepare its financial statements on the basis that it is a going concern. In doing so, it has considered the current and anticipated economic climates and has put robust plans in place for sustainability of the Charity and its operations. 

## **3.0 Financial Highlights for 2024** 

We received a total sum of £189,055 of which £175,935 was for unrestricted funds and £13,120 as restricted funds. The income was generated through various charitable donations including tithes, general offerings, the building fund, 50th Anniversary special donations etc. 

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Christ Apostolic Church (Bethel) UK 

Trustees Annual Report (TAR) 2024 

Our gross expenditure for the year was £221,501 resulting to a modest deficit of £32,446 for the year. This was anticipated as we have planned and used part of the restricted funds for the planned building works to the St Columba’s Complex that the Headquarters occupies. We are confident that the charity is in a strong position to meet its future commitments, carry out its charitable activities with healthy reserve into the future. 

## **4.0 Stewardship and Accountability** 

All the church funds have been managed in accordance with the Charity Commission guidelines and the internal financial controls established by the Board of Trustees. Expenditures were made transparently, with the appropriate authorisation and record keeping. The church’s accounts have been independently examined and confirmed to present a true and fair view of the financial activities for the year. 

## **5.0 Looking Ahead** 

As we move into 2025, our is to support the charity’s priorities including: 

- Continued support for the core charitable objectives and community outreach projects. 

- Investment in media equipment to enhance the quality of our productions. 

- Strengthening our building fund for the future building maintenance and development of the St Columba’s complex 

- • Enhancing our financial reporting and digital giving systems. 

- Continued support for all of our community initiatives and enhancing our social impact 

- outcomes 


## **David Folorunso Head of Finance** 

For and on Behalf of the Board of Trustees of Christ Apostolic Church (Bethel) UK 

17 September 2024 

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Christ Apostolic Church (Bethel) UK 

Trustees Annual Report (TAR) 2024 

## **Independent Examiner’s Report (Unaudited) Christ Apostolic Church (Bethel) UK To the Trustees of Christ Apostolic Church (Bethel) UK** 

## **To the Trustees of Christ Apostolic Church (Bethel) UK Charity Registration No. 274154** 

I report on the accounts of the charity for the year ended 31 December 2024, 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)** 

27 September 2024 

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Christ Apostolic Church (Bethel) UK 

Trustees Annual Report (TAR) 2024 


|Christ Apostolic Church (Bethel) UK|Christ Apostolic Church (Bethel) UK|Christ Apostolic Church (Bethel) UK|Charity No<br>(if any)|274154||
|---|---|---|---|---|---|
|Annual accounts for theperiod||||||
|Period start date|**01/01/2024**|**To**|Period end<br>date|31/12/2024||



## **Section A                      Statement of financial activities** 

|**Recommended categories by**<br>**activity**<br>Guidance Notes<br>**Incoming resources (Note 3)**<br>**Income and endowments from:**<br>Donations and legacies<br>S01<br>Charitable activities<br>S02<br>Other trading activities<br>S03<br>Investments<br>S04<br>Separate material item of income<br>S05<br>Other<br>S06<br>**S07**<br>**Resources expended (Note 6)**<br>**Expenditure on:**<br>Raising funds<br>S08<br>Charitable activities<br>S09<br>Separate material item of expense<br>S10<br>Other<br>S11<br>S12<br>S13<br>Net gains/(losses) on investments<br>S14<br>S15<br>**Extraordinary items**<br>S16<br>S17<br>S18<br>Other gains/(losses)<br>S19<br>S20<br>**_Reconciliation of funds:_**<br>S21<br>**S22**<br>1<br>**_Total_**<br>**_Net movement in funds_**<br>Total funds brought forward<br>**_Total funds carried forward_**<br>**_Total_**<br>**Net income/(expenditure) before investment**<br>**gains/(losses)**<br>**Net income/(expenditure)**<br>**Transfers between funds**<br>**Other recognised** **gains/(losses):**<br>Gains and losses on revaluation of fixed assets for the charity’s own use|**Unrestricted**<br>**funds**<br>**Restricted**<br>**income**<br>**funds**<br>**Endowment**<br>**funds**<br>**Total funds**<br>**This Year**<br>**Total funds**<br>**Previous**<br>**Year**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>F01<br>F02<br>F03<br>F04<br>F05|**Unrestricted**<br>**funds**<br>**Restricted**<br>**income**<br>**funds**<br>**Endowment**<br>**funds**<br>**Total funds**<br>**This Year**<br>**Total funds**<br>**Previous**<br>**Year**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>F01<br>F02<br>F03<br>F04<br>F05|**Unrestricted**<br>**funds**<br>**Restricted**<br>**income**<br>**funds**<br>**Endowment**<br>**funds**<br>**Total funds**<br>**This Year**<br>**Total funds**<br>**Previous**<br>**Year**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>F01<br>F02<br>F03<br>F04<br>F05|**Unrestricted**<br>**funds**<br>**Restricted**<br>**income**<br>**funds**<br>**Endowment**<br>**funds**<br>**Total funds**<br>**This Year**<br>**Total funds**<br>**Previous**<br>**Year**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>F01<br>F02<br>F03<br>F04<br>F05|**Unrestricted**<br>**funds**<br>**Restricted**<br>**income**<br>**funds**<br>**Endowment**<br>**funds**<br>**Total funds**<br>**This Year**<br>**Total funds**<br>**Previous**<br>**Year**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>F01<br>F02<br>F03<br>F04<br>F05|
|---|---|---|---|---|---|
||-|13 121|-|13 121|130 158|
||175 935|-|-|175 935|142 019|
||-|-|-|-|-|
||-|-||-|-|
||-|-|-|-|-|
||-|-|-|-|-|
||**175 935**|**13 121**|**-**|**189 055**|**272 177**|
|||||||
||-|-|-|-|-|
||191 154|30 347|-|221 501|-|
||-|-|-|-|-|
||-|-|-|-|-|
||191 154|30 347|-|221 501|-|
|||||||
||15 220<br>-|17 226<br>-|-|32 446<br>-|272 177|
||-|-|-|-|-|
||15 220<br>-|17 226<br>-|-|32 446<br>-|272 177|
||-|-|-|-|-|
||-|-|-|-|-|
|||||||
||-|-|-|-|-|
||-|-|-|-|-|
||15 220<br>-|17 226<br>-|-|32 446<br>-|272 177|
|||||||
||92 485|273 743|-|366 228|-|
||**77 265**|**256 517**|**-**|**333 782**|**OK**|
|||||||



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Christ Apostolic Church (Bethel) UK 

Trustees Annual Report (TAR) 2024 

## **Section B                      Balance sheet** 

|**Fixed assets**<br>**Intangible assets            (Note 15)**<br>**Tangible assets              (Note 14)**<br>**Heritage assets              (Note 16)**<br>**Investments                    (Note 17)**<br>**_Total fixed assets_**<br>**Current assets**<br>**Stocks                             (Note 18)**<br>**Debtors                           (Note 19)**<br>**Investments                  (Note 17.4)**<br>**Cash at bank and in hand (Note 24)**<br>**_Total current assets_**<br>**Creditors: amounts falling due within**<br>**one year              (Note 20)**<br>**_Net current assets/(liabilities)_**<br>**_Total assets less current liabilities_**<br>**Creditors: amounts falling due after**<br>**one year                (Note 20)**<br>**Provisions for liabilities**<br>**_Total net assets or liabilities_**<br>**Funds of the Charity**<br>**Endowment funds (Note 27)**<br>**Restricted income funds (Note 27)**<br>**Unrestricted funds**<br>**Revaluation reserve**<br>**_Total funds_**<br>Signed by one or two trustees on behalf of all<br>the trustees|Guidance Notes<br>B01<br>B02<br>B03<br>B04<br>B05<br>B06<br>B07<br>B08<br>B09<br>B10<br> <br>B11<br>B12<br>B13<br>B14<br>B15<br>B16<br>B17<br>B18<br>B19<br>B20<br>B21|**Unrestricted**<br>**funds**<br>**£**<br>F01|**Restricted**<br>**income**<br>**funds**<br>**£**<br>F02|**Endowment**<br>**funds**<br>**Total this**<br>**year**<br>**£**<br>**£**<br>F03<br>F04|**Endowment**<br>**funds**<br>**Total this**<br>**year**<br>**£**<br>**£**<br>F03<br>F04|**Total last**<br>**year**<br>**£**<br>F05|
|---|---|---|---|---|---|---|
|||-|-|-|-|-|
|||38 810|-|-|38 810|25 180|
|||-|-|-|-|-|
|||-|-|-|-|-|
|||38 810|-|-|38 810|25 180|
||||||||
|||-|-|-|-|-|
|||-|-|-|-|-|
|||-|-|-|-|-|
|||98 313|224 535|-|322 848|366 228|
|||98 313|224 535|-|322 848|366 228|
||||||||
|||1 220|-|-|1 220|1 200|
||||||||
|||97 093|224 535|-|321 628|365 028|
||||||||
|||135 903|224 535|**-**|360 438|390 208|
||||||||
|||-|-|-|-|-|
|||-|-|-|-|-|
||||||||
|||135 903|224 535|-|360 438|390 208|
||||||||
|||-|||-|-|
||||224 535|-|224 535|273 743|
|||135 903|||135 903|116 465|
||||||-||
|||135 903|224 535|-|360 438|390 208|
||||||||
|||Signature||Print Name||Date of<br>approval<br>dd/mm/yyyy|
|||||**David Folorunso**||**20/09/2024**|
||||||||



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Christ Apostolic Church (Bethel) UK 

Trustees Annual Report (TAR) 2024 

## **Section C                                            Notes to the accounts                                                        (cont)** 

## **Note 2                           Accounting policies** 

**2.2 INCOME** _This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a".  Where a different or additional policy has been adopted then this is detailed in the box below._ 

|**Recognition of income**<br>Donated services and facilities that are consumed immediately are recognised as income<br>with an equivalent amount recognised as an expense under the appropriate heading in<br>the SOFA.<br>The cost of any stock of goods donated for distribution to beneficiaries is deemed to be<br>the fair value of those gifts at the time of their receipt and they are recognised on receipt.<br>In the reporting period in which the stocks are distributed, they are recognised as an<br>expense at the carrying amount of the stocks at distribution.<br>**Donated services and**<br>**facilities**<br>Donated services and facilities are included in the SOFA when received at the value of<br>the gift to the charity provided the value of the gift can be measured reliably.<br>**Income from interest,**<br>**royalties and dividends**<br>This is included in the accounts when receipt is probable and the amount receivable can<br>be measured reliably.<br>**Income from membership**<br>**subscriptions**<br>Membership subscriptions received in the nature of a gift are recognised in Donations<br>and Legacies.<br>Membership subscriptions which gives a member the right to buy services or other<br>benefits are recognised as income earned from the provision of goods and services as<br>income from charitable activities.<br>These are included in the Statement of Financial Activities (SoFA) when:<br>• the charity becomes entitled to the resources;<br>·       it is more likely than not that the trustees will receive the resources; and<br>• the monetary value can be measured with sufficient reliability.<br>**Donated goods**<br>**Contractual income and**<br>**performance related**<br>**grants**<br>**Offsetting**<br>There has been no offsetting of assets and liabilities, or income and expenses, unless required or<br>permitted by the FRS 102 SORP or FRS 102.<br>**Grants and donations**<br>Grants and donations are only included in the SoFA when the general income recognition<br>criteria are met (5.10 to 5.12 FRS102 SORP).<br>This is only included in the SoFA once the charity has provided the related goods or<br>services or met the performance related conditions.<br>Donated goods are measured at fair value (the amount for which the asset could be<br>exchanged) unless impractical to do so.<br>In the case of performance related grants, income must only be recognised to the extent<br>that the charity has provided the specified goods or services as entitlement to the grant<br>only occurs when the performance related conditions are met (5.16 FRS 102 SORP).<br>**Legacies**<br>Legacies are included in the SOFA when receipt is probable, that is, when there has<br>been grant of probate, the executors have established that there are sufficient assets in<br>the estate and any conditions attached to the legacy are either within the control of the<br>charity or have been met.<br>**Government grants**<br>The charity has received government grants in the reporting period<br>**Tax reclaims on**<br>**donations and gifts**<br>Gift Aid receivable is included in income when there is a valid declaration from the donor.<br>Any Gift Aid amount recovered on a donation is considered to be part of that gift and is<br>treated as an addition to the same fund as the initial donation unless the donor or the<br>terms of the appeal have specified otherwise.<br>Gifts in kind for use by the charity are included in the SoFA as income from donations<br>when receivable.<br>**Support costs**<br>The charity has incurred expenditure on support costs.<br>**Volunteer help**<br>Donated goods for resale are measured at fair value on initial recognition, which is the<br>expected proceeds from sale less the expected costs of sale, and recognised in 'Income<br>from other trading activities' with the corresponding stock recognised in the balance<br>sheet.  On its sale the value of stock is charged against 'Income from other trading<br>activities' and the proceeds from  sale are also recognised as 'Income from other trading<br>activities'.<br>Goods donated for on-going use by the charity are recognised as tangible fixed assets<br>and included in the SoFA as incoming resources when receivable.<br>The value of any voluntary help received is not included in the accounts but is described<br>in the trustees’ annual report.|Yes<br>No<br>N/a|Yes<br>No<br>N/a|Yes<br>No<br>N/a|
|---|---|---|---|
||✓|||
||Yes<br>No<br>N/a|||
||✓|||
||Yes<br>No<br>N/a|||
||✓|||
||Yes<br>No<br>N/a|||
||✓|||
||Yes<br>No<br>N/a|||
||✓|||
||Yes<br>No<br>N/a|||
||✓|||
||Yes<br>No<br>N/a|||
||✓|||
||Yes<br>No<br>N/a|||
||✓|||
||Yes<br>No<br>N/a|||
||✓|||
||Yes<br>No<br>N/a|||
||✓|||
||Yes<br>No<br>N/a|||
||✓|||
||Yes<br>No<br>N/a|||
||✓|||
||Yes<br>No<br>N/a|||
||✓|||
||Yes<br>No<br>N/a|||
||✓|||
||Yes<br>No<br>N/a|||
||✓|||
||Yes<br>No<br>N/a|||
||||✓|
||Yes<br>No<br>N/a|||
||✓|||
||Yes<br>No<br>N/a|||
||✓|||
||Yes<br>No<br>N/a|||
||✓|||
||Yes<br>No<br>N/a|||
||✓|||



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Christ Apostolic Church (Bethel) UK 

Trustees Annual Report (TAR) 2024 

|**2.4 ASSETS**<br>500<br>**Intangible fixed assets**<br>**Heritage assets**<br>**Debtors**<br>Debtors (including trade debtors and loans receivable) are measured on initial recognition at<br>settlement amount after any trade discounts or amount advanced by the charity.  Subsequently,<br>they are measured at the cash or other consideration expected to be received.<br>**Stocks and work in**<br>**progress**<br>Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net<br>realisable value.<br>Goods or services provided as part of a charitable activity are measured at net realisable value<br>based on the service potential provided by items of stock.<br>Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract.<br>Support costs include central functions and have been allocated to activity cost<br>categories on a basis consistent with the use of resources, eg allocating property costs<br>by floor areas, or per capita, staff costs by the time spent and other costs by their usage.<br>They are valued at cost.<br>**Investments**<br>Fixed asset investments in quoted shares, traded bonds and similar investments are<br>valued at initially at cost  and subsequently at fair value (their market value) at the year<br>end.  The same treatment is applied to unlisted investments unless fair value cannot be<br>measured reliably in which case it is measured at cost less impairment.<br>Investments held for resale or pending their sale and cash and cash equivalents with a<br>maturity date of less than 1 year are treated as current asset investments<br>**Grants with performance**<br>**conditions**<br>Where the charity gives a grant with conditions for its payment being a specific level of<br>service or output to be provided, such grants are only recognised in the SoFA once the<br>recipient of the grant has provided the specified service or output.<br>**Grants payable without**<br>**performance conditions**<br>Where there are no conditions attaching to the grant that enables the donor charity to<br>realistically avoid the commitment, a liability for the full funding obligation must be<br>recognised.<br>The charity has intangible fixed assets, that is, non-monetary assets that do not have<br>physical substance but are identifiable and are controlled by the charity through custody<br>or legal rights.  The amortisation rates and methods used are disclosed in note 9.5<br>They are valued at cost.<br>The charity has heritage assets, that is, non-monetary assets with historic, artistic,<br>scientific, technological, geophysical or environmental qualities that are held  and<br>maintained principally for their contribution to knowledge and culture.  The depreciation<br>rates and methods used as disclosed in note 9.6.1.4.<br>This includes any realised or unrealised gains or losses on the sale of investments and<br>any gain or loss resulting from revaluing investments to market value at the end of the<br>year.<br>**2.3 EXPENDITURE AND LIABILITIES**<br>**Liability recognition**<br>Liabilities are recognised where it is more likely than not that there is a legal or<br>constructive obligation committing the charity to pay out resources and the amount of the<br>obligation can be measured with reasonable certainty.<br>**Investment gains and**<br>**losses**<br>The charity accounts for basic financial instruments on initial recognition as per<br>paragraph 11.7 FRS102 SORP.  Subsequent measurement is as per paragraphs 11.17<br>to 11.19, FRS102 SORP.<br>**Tangible fixed assets for**<br>**use by charity**<br>The depreciation rates and methods used are disclosed in note 9.2.<br>**Governance  and support**<br>**costs**<br>Support costs have been allocated between governance costs and other support.<br>Governance costs comprise all costs involving public accountability of the charity and its<br>compliance with regulation and good practice.<br>**Settlement of insurance**<br>**claims**<br>Insurance claims are only included in the SoFA when the general income recognition<br>criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other<br>income in the SoFA.<br>They are valued at cost.<br>These are capitalised if they can be used for more than one year, and cost at least<br>**Redundancy cost**<br>The charity made no redundancy payments during the reporting period.<br>**Deferred income**<br>No material item of deferred income has been included in the accounts.<br>**Creditors**<br>The charity has creditors which are measured at settlement amounts less any trade<br>discounts<br>**Provisions for liabilities**<br>A liability is measured on recognition at its historical cost and then subsequently<br>measured at the best estimate of the amount required to settle the obligation at the<br>reporting date<br>**Basic financial**<br>**instruments**||Yes<br>No<br>N/a|Yes<br>No<br>N/a|Yes<br>No<br>N/a|
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13 



Christ Apostolic Church (Bethel) UK 

Trustees Annual Report (TAR) 2024 

|**POLICIES ADOPTED**<br>**ADDITIONAL TO OR**<br>**DIFFERENT FROM**<br>**THOSE ABOVE**<br>**Current asset investments**|The charity has has investments which it holds for resale or pending their sale and cash and cash<br>equivalents with a maturity date less than one year. These include cash on deposit and cash<br>equivalents with a maturity date of less than one year held for investment purposes rather than to<br>meet short term cash commitments as they fall due.<br>They are valued at fair value except where they qualify as basic financial instruments.|Yes<br>No<br>N/a<br>|Yes<br>No<br>N/a<br>|Yes<br>No<br>N/a<br>|
|---|---|---|---|---|
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14 



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15

Christ Apostolic Church (Bethel) UK 

Trustees Annual Report (TAR) 2024 

## **50th Anniversary Summary Report** 

On 4th of Aug 2024, Christ Apostolic Church (Bethel) UK was immensly proud to celebrate 50years in ministry in the United Kingdom doing the Lord’s work and serving the community with dedication. 




16 



Christ Apostolic Church (Bethel) UK 

Trustees Annual Report (TAR) 2024 



## **Romford Branch (Bethel Fellowship) 5th Yr Anniversary Celebrations** 

To the glory of God Almighty, Christ Apostolic Church (Bethel) UK – Romford Branch joyfully celebrated its 5th Anniversary on 23 June 2024. What began five years ago as a small fellowship of believers has grown into a congregation, rooted in prayer, the Word, and love for one another and our community. Over the years, the Lord has added to us numerically and strengthened our outreach to the local community. 

The anniversary period was a time of reflection and gratitude for God’s faithfulness, for the dedication of our members, and for the continuous support and guidance of our General Overseer and the entire Christ Apostolic Church (Bethel) UK family. 




As we step into the next chapter, we remain committed to our mission: to lift the name of Jesus higher and higher and to be a light for the masses within our community. To Him be all the glory, honour, and praise! 

## _**Pastor Michael Osundun Resident Pastor, Christ Apostolic Church (Bethel) UK, Romford Branch**_ 

17 



Christ Apostolic Church (Bethel) UK 

Trustees Annual Report (TAR) 2024 

## **Community Impact Assessment Summary Report** 

As Environmental, Social, and Governance (ESG) standards including legislation have evolved within the United Kingdom (UK) and globally over the years coupled with the Charity trustees’ primary and overarching duty, which is to further the purposes of the Charity. 

## **Background** 

Christ Apostolic Church (Bethel) UK’s work is to support and minister to the social and spiritual needs within the local community of residents, both Christian and non-Christian, spanning a wide range of projects from sign-posting the needy to services, and providing leadership training and facilities to those seeking employment and to develop as entrepreneurs, to youth programmes and choirs. There are limited, if any, alternative provisions for those coming to the area, particularly from Africa. 

To this end, in late 2023, the Trustees of Christ Apostolic Church (Bethel) UK commissioned a Community Impact Assessment report to be completed. 

The report was carried out and finalised in 2024 by Sonnet Advisory & Impact CIC and completed by Jim Clifford OBE who is a lead author of the EU’s impact measurement standards. 

He has objectively assessed CAC’s significant Ministry value. According to his enclosed assessment, CAC provides £1.4m community benefit annually, with a capitalised present value (today) of £8.8m. 

18 



Christ Apostolic Church (Bethel) UK 

Trustees Annual Report (TAR) 2024 

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19 



Christ Apostolic Church (Bethel) UK 

Trustees Annual Report (TAR) 2024 

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20 



Christ Apostolic Church (Bethel) UK 

Trustees Annual Report (TAR) 2024 

## **Social Impact & Community Projects Summary Report** 












**The Harvester’s Kitchen Project** , consisting of the Harvesters Soup Kitchen and a food bank, it was established in 2012. The Harvesters Kitchen – This five-star rated kitchen has been in operation for the past 13 years and has provided over 20,000 hot meals to vulnerable people within the local community.  During the pandemic and lockdown periods, The Harvester’s Kitchen has responded swiftly within the community by providing “ **Bags of Hope** ” to those most affected by the lockdown. The Bags of Hope include the most essential and basic food items and relief materials. From April 2020 to date, the food bank has distributed over 15000 Bags of Hope and still counting. 

**Hope4All** was set up at the early stages of the COVID-19 pandemic to provide support to individuals facing serious challenges due to the worldwide lockdown caused by the COVID-19 pandemic. This program offers emotional support, practical advice, and essential supplies, reflecting the church’s commitment to uplifting its community in times of need. Hope4All services are also rapidly expanding for the future to providing an immigration surgery 

**The Pacesetters project** was set up in 2014 to enable young people become leaders of integrity. Character development workshops are held in London, Tanzania and Nigeria. 

In 2022, the **Go-Getters youth project** for business start -ups was launched. 

**The Reapers Choir** is an award-winning gospel choir. The Choir has performed in several venues, including 10 Downing Street, Kensington Palace, The Royal Albert Hall and The Royal Festival Hal 

21 



Christ Apostolic Church (Bethel) UK 

Trustees Annual Report (TAR) 2024 


Hope 4 All (General Advice & Support Call Centre) - Launched in early April 2021 

The service offers free and confidential general advice and support for the most vulnerable people within the community due to the severe impact of COVID-19. Phone lines provide a single point of contact for those in need of emotional support or more practical assistance. 


Go-Getters was founded on the belief that anyone can achieve success through community support. The church offers free, well-designed workspaces for young people or young enterprenuers with business start-ups in Angel, Islington (North London) 

## _**Community Football**_ 


Bethel Cup tournament was set up to give young men and girls an outlet to come together in sporting terms and an outlet to compete and express their desire to excel in sports. 

## **Community Feeding Tanzania** 



Hackney Community Gospel Choir (HCGC) - This project has been in operation for since 2012. A weekly community choir for all ages open to anybody from any faith, persuasion, or background to foster community cohesion and help individuals build self-esteem 


Hackney Community Gospel Choir is open to everybody giving more people an opportunity to find their voice in a community setting. The songs are mostly gospel and are uplifting, songs that anyone would love to sing! We usually support the members by sending them the songs to learn in advance of the practice. 

At a time when Community Choirs are springing up all over the UK, it’s great to be part of a movement that is giving people so much joy and hope. It is also a platform for communication across all generations! 

22 



Christ Apostolic Church (Bethel) UK 

Trustees Annual Report (TAR) 2024 


The vocal ability of this unique singing collective has been recognised nationally and internationally, with the gospel outfit winning “Choir of the Year 2018” in the GVMMA Awards, “Best Music Video by a UK Choir or Group” at the JUMP Music Video Awards 2017 for their latest track “The Only One (Okan Soso)”, London UK; and both “Choir of the Year” and “Choir Director of the Year” (Anu Omideyi), in the Zeta Gospel Music Awards, Tennessee, USA, in October 2015. 

The choir was a finalist on BBC1’s Songs of Praise Gospel Choir of the Year 2014 and was also nominated for “Musical Group/Choir of Excellence 2018” in the African Gospel Music Media Awards”, “Best Gospel Act” in the Urban Music Awards 2017, Premier Gospel Award  “Choir of The Year 2017”, Choir of the Year 2016” and the British Gospel Music Alliance Industry (GMIA) award for “Best Music Video by a UK Choir/Group” (JUMP Music Video Awards) in 2014. 

Despite the various accolades they’ve received The Reapers Choir is a humble church choir comprised of singers from Christ Apostolic Church (Bethel), Hackney, UK. 

Their debut album, “Light Through the Tunnel”, was also released to critical acclaim and great support from radio stations in 2015. Its contemporary style showcases a range of musical styles from pop to praise and worship providing a musical soundtrack for people of all faiths - and those who have none - that uplifts listeners, no matter what they are going through or experiencing on their life journey. 

It has also been booked as a support act for well-known gospel artists such as Vashawn Mitchell and Tye Tribbett in their London shows. It was hosted by The 13th London African Music Festival (2015) and headlined its own night to a sold-out crowd and great reviews. 


## **Pacesetters Project** 

## **Pacesetters – What is it?** 

Pacesetters is a programme aimed at young people between the ages of 11 and 25 to help them discover their unique gifting so they can serve God faithfully and positively impact others in the community and world at large. We are passionate and dedicated to the transformation of young people’s lives; with a desire to inspire them to commit to a lifestyle of service and social action. 

## **The Need** 

In an increasingly turbulent and uncertain world, young people need hope and the ambition of achieving something. They should aspire to be progressive and successful and serve as role models to be imitated in their environment. 

We aim to work directly with young people and their families to assist them in their development to adulthood, addressing character-building issues, which should effect a positive impact on their lifestyle, motivating them to become people of distinction and accomplishment. 

## **The Programme** 

The Pacesetters programme is a two-year life coaching programme. The participant sets a character-building goal to be achieved within a pre-determined period.  In addition, there will be integrity-based leadership seminars, workshops, and forums to be attended. 

Designed to be self-accomplishing, it requires a high sense of commitment and self-discipline, absolute trust in God for grace and help achieve what you set out to do. 

A great degree of trust and honesty is expected throughout to get the best out of the sessions. The programme is flexible and can therefore be adapted to suit and meet the needs of any age group. While it has been written from a Christian perspective, it can also be applied across all faiths or secular establishments. 

23 



Christ Apostolic Church (Bethel) UK 

Trustees Annual Report (TAR) 2024 

## **The Harvesters Kitchen Project** 

**The Harvesters Kitchen Project** is an outreach initiative of designed to provide practical help, nourishment, and compassion to individuals and families experiencing food insecurity. The programme operates through two connected services: **(1) Food Bank** : Offers parcels of essential groceries and household items to those in need, ensuring access to nutritious food during times of financial hardship. **(2) Soup Kitchen** : Provides freshly prepared hot meals in a welcoming, safe environment where guests can eat, rest, and connect with others in the community. 





24 



Christ Apostolic Church (Bethel) UK 

Trustees Annual Report (TAR) 2024 




The Immigration surgery which is in collaboration with the Home Office provides specialized support and advice to individuals from the locality and beyond with immigration-related issues within a community setting. 

The “surgery” in this context is a drop-in advice scheduled consultation session. 

The immigration surgery is designed to offer specific guidance, information, and practical assistance to people dealing with immigration matters. 

The Immigration surgery provides: **Access to Expert Advice** : To allow individuals to consult qualified immigration advisors about visas, asylum, residency, or citizenship. 

**Support for Vulnerable Individuals** : To assist those who may face barriers to understanding or navigating complex immigration laws including updates processs and legislation. 

**Community Integration** : To help immigrants understand their rights, responsibilities, and available services, promoting social inclusion. 

**Early Intervention** : To identify and address immigration issues before they escalate into legal or social crises. 

**Empowerment** : To equip individuals with accurate information so that they can make informed decisions about their own immigration status. 

In essence, the immigration surgery provides a safe, accessible space where people can receive confidential, accurate and professional immigration support within their community. 


25 



Christ Apostolic Church (Bethel) UK 

Trustees Annual Report (TAR) 2024 



**The Pacesetters Music and Media Academy** is aimed at providing a platform for aspiring musicians and media creatives to learn, enhance their skills, network, and collaborate in order to deliver positive community messaging through their art. The project will aim to target disadvantaged demographics in our local community who otherwise would struggle to have access to such opportunities. 

We aim to conclude with participants of the programme leading a social action project, which will develop their leadership skills and improve social harmony. 

The workshops will consist of teaching / training sessions, practical exercises, networking opportunities, and performance showcases. This will also include confidence / character development and day to day guidance which is an ethos of the Pacesetters brand. 

## **Objectives** 

To provide training and resources to aspiring artists, musicians and media creatives. 

To develop their support systems to ensure these skills aid their employment pathways. To facilitate collaboration and networking within the gospel music and media industry. To showcase talent and provide performance opportunities for participants. 

To inspire and uplift participants through the power of gospel music and media. 


26 



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**Christ Apostolic Church (Bethel) UK** _**incorporating**_ **The Sower International Evangelical Ministry** 


**217/223 Kingsland Road London E2 8AN** 



**Designed and published by Sower Media & Publications © 2025** 

