Charlty number
274922
THE CHURCH OF THE LORD ALADURA UK
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31ST DECEMBER 2024

CONTENTS
CHARITY INFORMATION ...
TRUSTEES REPORT....... .
ACCOUNTANT'S REPORT.
INCOME & EXPENDITURE ACCOUNT......
BALANCE SHEET..............
NOTES TO ACOUNTS.

ORGANISATION ENFORMATtON
Working Name.. THE CHURCH OF THE LORD ALADURA
Governing Document: DECLAR4TION OF TRUST DATED 12TH DECEMBER 1977 AND
SCHEME OF THE 13 MARCH 1978
Telephone 0207 703 4890
TRu￿EEs I MANAGEME￿ COMMrrTEE MEMBERS
DR. RUFUS OKIKIOLA OSHtrELU
REV. EMMANUEL BABATUNDE GBOGBOADE
EVANGELI￿ YAW DAVID BOAKYE
EVANGELIST MARY TEm￿OpE 0S￿ELu
REV. DAVID AYOOLA FABUSORO
REV. MRS BErrY ODUNSI
REGISTERED OFFICE:
25 SURREY SQUARE
WALWORTH
LONDON
SE17 2JU
CHARrrY NO: 274922
P&ge I

Report of the trusteeslmanagement committee
The trustees present their report with the accounts of a charity for the year ended
31st December 2024
PRINCIPAL Afflvrry DURING THE YEAR
This year, the charity continued to preach, teach, and practice the word of God to
reach many unbelievers, and many gave their life to the Christian faith, Spiritual and
temporal welfare was ministered to people, and it is believed many will attain eternal
salvation. Refurbishment works continued the main branch church was made
possible during the year with the assistant of members and the re￿Ipt of Gift aid
refunds from the employed member's tax contributions. The Church leased a churth
hall for the Deptford branch and salvation work continued during the year.
ATEMENT OF TRu￿EES, REsPONsIBIL￿[Es
The Charities Att 1993 requlres the trustees to prepare a statement of accounts for
each financial year, which give a true and fair view of the state of affairs of the
charity at the end of the financial year and of the incoming resour￿ and
application5 of resources of the charity of the periods;
In preparing those accounts, the tnjstees are expected to:
l. select suitable accounting poliaes and apply them consistently..
2. make judgements and estimates that are reasonable and prudent:
3. state whether applicable accounting stsndards and statement of
recommended practice have been followed, Subject to any material
departures disclosed and explained in the statement of accounts.. and
4. prepare the accounts on the golng concem basis unless it is inappropriate to
presume that the charity will continue in operation.
5. The trustees are responsible for keeping proper accounting records, which
disclose with reasonable accuracy at any time the financial position of the
charity and to enable them to ensure that the accounts comply with the
regulation under S43 of the charities Act 1993. They are also responsible for
safeguarding the assets of the charity and hence for taking reasonable steps
to the prevention and detection of error, fraud and other irregularities.
ON BEHALF OF THE TRUSfEES ON THE 05TH MARCH 2024
Signed: ffiog&o/<DS
Pag8 2

INDEPENDENT EXAMINER'S REPORT
RESPEcfIvE REsPONsIBIL￿IEs OF TRUSTEES AND EXAMINER.
the charity's trustees you are responsible for the preparation of the accounts; VOU
consider that the audit requirement of section 43(2) of the Charities Att 1993 (the
Act) does not apply. It is my responsibility to state, on the basis of procedures
specified the General Directions given by the Charity Commissioners under section
43(7)(b) of the Att, whether particular matters have come to my attention.
BASIS OF INDEPENDENT EXAMINERS REPORT:
My examination was carried out in accordan￿ with the General Directions given by
the Charity commissioners. 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 eviden￿ that would be
required in an audit, and consequently I do express an audit opinion on the view
given by the accounts.
INDEPENDEW EXAMINER'S STATEMEW:
In connection with my examination, no matter has come to my attention, which
gives me reasonable Cau￿ to believe, that any materlal respects the requirements
i. to keep accounting records in accordan￿ with section 41 of the Art and
2. to prepare accounts which accord with the accounting records and to comply
with the accounting requirements of the Act has not been met.
Mr E A Winful, FCCA
EA WINFUL & ASSOCIATES
CHARTERED CERTIFIED ACCOUNTANTS
UNIT 95 LILLINGSTON HSE
LONDON N7 7LZ
Page 3

HE CHURCH OF THE LORD ALADURA UK.
STATEMENT OF FINANCIAL ACTIVITIES
For the year ende(J 31. De￿Mb￿r 2024
INCOME AND EXPENDITURE
Notes Unrestrlcted Restricted
2024
2023
Incoming Resources
Tithes & Offerings
177,106
177.106
193,764
Investment Income
4,131
4,131
Other Operating Income
28,809
28,809
30,025
Total Income Resources
210,046
223,789
Resources Expanded
Cost of Activities
1235,2201
1192,427}
Total Resources Expanded
{235,2201
(192,4271
Net Incoming I Ioulgoingl Resources
125.174}
31,362
Funds brought forward 31112123
294,478
263,116
Designated funds utilised
Funds carried forward 31112124
269,305
294,478
Se8 notes on the following pages for detailed analysis of incorne and expenditure
CONTINUING OPERATION
None of th8 charity's activities were acquired or disrA)nlinued during the current and previous
years. and the deficit lor the previous year.
TOTAL RECOGNISED GAINS AND DEFICITS
The charity has no recognlsed gains or delicils other than Ihe surplus for the currenl yeai
The notes form part ol these accounls.
Page 4

THE CHU
HOFTHE
D ALADURA UK.
ST
8ALANCE SHEET AS AT 31 DECEMBER 2024
FIXED ASSETS
Note
2024
2023
Tangible Assets
69,916
46,284
CURRENT ASSETS
Debtors
Bank I Cash
28,809
174,528
203.337
30.025
222,118
252,143
CREDITORS..
Amounts falling due within one year
10
13.9501
13,9501
Nel Cvrrenl Asséts I ILi8bililies)
199,387
248,193
CREDITORS:
Amounts lalling due foT mre than one year
Tolal As5els less Liabilities
269,304
294.477
FUNDS
Un￿St[1ded Funds
Rèstrided Funds
11
269,304
294,477
269.304
294.477
Si9nalure
Page 5

THE
HURCH O
E LORD ALADURA U
NOTES TO THE FINANCIAL STATEMENTS OF 2024
1 ACCOUNTING POLICIES
1 Aecounb'ng Convention
The accounts have been prepared under the historical cost Gonvention, and
in accordance wrth SORP 2 AcGounb'ng lor Charities.
Exemption has been taken from preparing a cash flow statement on the grounds
Ihel the charity is a small undertaking.
Incoming Resources
Incoming ReSoUr￿S represents collections, pledges & donations, and gift aid receipts
income due in the year.
1.2 Tangible Fixed Assets
Depreciation 15 provided al the following annual rates in order to write off each
assets over its estimated useful life.
Fixtures & Fittings
Musical Equipment
10%
10./0
Page 6

HE CHLIRCH OF
HE LORD ALADURA UK.
Notes lo the Accounts for the year ended 31st De￿rnber 2024
2024
Notes
2024
2024
2023
Reslricled
2 TITHES & OFFERINGS
15
Unrestricted
Tithes
Collects'ons
Thanksgiving
Harvest
Anniversary
Diocese
Total income received
78.928
30,704
15,428
6,863
45,183
78,928
30,704
1 S,428
6,863
45,183
114,444
15,227
20,713
26,879
3,250
13,251
193,764
177,1C*3
3 Investment Income
4131.29
Unreslricled Restricted
4 Other Income
Gift Aid payment
28,809
28,809
30,025
5a COST OF ACTIVITIES
Vicarage Salary Costs
Admin & Stationaries
Telephone
Insurance
Rent & Rates
Gas & Electric
Harvest, AniversaFies
Donations , Gift & Other Char'rtable Offerings
Purchase of bus
Building project
Depreciation
Barhk charge5
Total Cost of ACtivit￿S
15
{50,318)
(67,006)
{5,2251
14,8441
{34,2401
118.8981
12,9501
12,067}
(34,9001
{9,3981
17801
645
231,270
(61,1441
125,821}
12.7081
18,4181
120,0911
113.5191
12,9501
18,6081
143,7611
18121
1645
188,477
5b Governance
13,950)
13,9501
Page 7

TH
HOF
ELOR
DURA
2024
2023
7 BANKI CASH
TOTAL CASH BANKED per aggregate bank accounts
174.528
222,118
8 Current Assets
10 CREDITORS..
Amount falling due wthin one year
Sundary CredrtOTS
(3,9501
{3,9501
9 FIXED ASSETS
Church Building
Land @ Liverpool
Fixtures & Fittings
Church Bus
Additions
12
13
14
28.000
28,000
82,767
34.900
82,767
10,488
121,255
145,667
Depreciation
Charge during year
74,971
780
75,751
74.105
866
74,971
NBV
69,916
46,284
11 UNRESTRICTED FUNDS
brought forward
Surplus for the year
Designated funds
Cafried forward
294,477
125,1741
263,115
31,362
269,304
294,477
Page 8

THE CHURCH OF THE LORDA
12 Church Building..
The Church buildin9 was acquired freehold in 1978 al the cost of
£ 28.000. 11 was valued In 1980's at £50,000. Current valuation is
£940,000
13 Land @ Liverpool.. The Church owns a Land at Liverpool acquired at nil value. Current
value is estimated lo be £392,000
14 Fixtures & Fittings.. This is mainty healing equipments. caTpets, tables & chairs, musical
instruments and other equipments. Acquisition during the year is expensed.
Depreciation is charged on its remaining net book value in 2024
15 INCOME & EXPENDITURE BY BRANCH
INCOME
eothknncw￿ry Nmlwham
North Lorthn
Surw Square
Tithes
Offering
Thanksgivin9
Ha￿eSt
60th Anniversary
App8a
Inv85tmEnl incorne
Europe D￿ceS?
GiltA￿ receipts
TOTAL
40.445
4,773
6.539
6,603
3,094
2,335
29,284
16.957
12.334
3,928
78,928
30,704
15,428
6,263
45,183
6QMJ
4,131
2.371
45,183
600
4.131
28,809
32,940
28,8(
210,046
45,183
5,031
45,218
19,171
62,503
EXPENDITURE
VKarage Salary Costs
Trnnsfer louty Sn
Ele¢tricily & Gas
Water & iefuse ¢clkcliD
Transport i travel
Insurance
Rent Payable
Admin & Gen Expens86
Charty & Donations
Purchase of Bus
Building maintenafice
Buildin9 prqect
Depreciatio
GovemarKe
11,9931
112,7481
13001 148,0251
129,2841
44.6Y2
18,0901
12,0631
12,8601 12,3651
14,3941
150,3181
12,6601
17,8001
17701
115.8901
13,0081
15.2251
14,8441
134,2401
170,6011
12,0671
134,9001
11751
14501
128,CQOI
136,3341
16,2401
111,0251 18,3371
11,8741
110,2441
11.6001
13.(b11
11931
134,9001
1S.IM)01
19.3981
17801
13.9501
159,8901 139,4021
19,3981
17801
13.9501
1235.2201
TOTAL
145,1441
14.2601
173,3541
118.1701
Surplus I loef￿1t)
39
771
128,1361
1.(K>l
2.613 16,4621
125.1741
Page 9