Charity number 274922
THE CHURCH OF THE LORD ALADURA UK
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31ST DECEMBER 2025
CONTENTS
CHARITY INFORMATION .........................................................................................1 TRUSTEES REPORT ................................................................................................2 ACCOUNTANT'S REPORT .......................................................................................3 INCOME & EXPENDITURE ACCOUNT .....................................................................4 BALANCE SHEET .....................................................................................................5 NOTES TO ACOUNTS .......................................................................................... 6-9
ORGANISATION INFORMATION
THE CHURCH OF THE LORD ALADURA
Governing Document:
DECLARATION OF TRUST DATED 12TH DECEMBER 1977 AND SCHEME OF THE 13 MARCH 1978
TRUSTEES:
DR. RUFUS OKIKIOLA OSHITELU
REV. EMMANUEL BABATUNDE GBOGBOADE
EVANGELIST YAW DAVID BOAKYE
EVANGELIST MARY TEMITOPE OSITELU
REV. DAVID AYOOLA FABUSORO
REV. MRS BETTY ODUNSI
REGISTERED OFFICE:
25 SURREY SQUARE WALWORTH LONDON SE17 2JU
CHARITY REGISTERED NUMBER
274922
BANKERS BARCLAYS
ACCOUNTANTS
EA Winful & Associates
1
STRUCTURE, GOVERNANCE AND MANAGEMENT
Risk management
The trustees have a duty to identify and review the risks to which the church is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
The trustees confirm that considerations have been given to the major risks to which the church is exposed and that systems have been designed and established to mitigate those risks.
OBJECTIVES AND ACTIVITIES
Objectives and aims
The objectives of the church are:
i. The propagation of the gospel of Jesus Christ ii. The relief of poverty iii. Education
The Trustees have considered the Church’s general guidance on public benefit.
Activities during the year
The Church continued its programme of reaching more people for God. The normal activities of Sunday and weekday services continued. Church fellowship on Sundays continued to be a success.
The Church continued to be of immense assistance to members in diverse social and spiritual needs. Members were assisted with counselling, welfare, and accommodation assistance, among others.
The church provided strong support to members and their families in times of joy and bereavement.
The Church supported members at the sad times of funerals. Members were prayed for at such times and encouraged with the word of God. Sicknesses and ailments are part of life. On occasions when members or their families are hospitalised, prayers of deliverance were freely offered.
Evangelism
The church continued its evangelistic mission through out the year ensuring that its message reaches a wider audience in the UK. The word of God was brought to the homes of many people through the distribution of audio messages of prayers and sermons. The church prepared and distributed freely daily bible reading and prayer guide and offered financial assistance to international faith organisations.
2
FINANCIAL REVIEW
Reserves policy
The Trustees acknowledge that it will require about £15,900 for three month's operations without any income. The general reserve is more than the safety level, and this level is to be maintained. The Trustees by strategic planning are to maintain the level of secured funds in the next 5 years by setting up a £60,000 reserve funds account with the bank to purchase a place of worship.
Operational income and expenditure
For the year under review, the church made a financial surplus of £105,879 against (-£25,174 deficit in 2024)
Total offerings, donations and other income received was £294,452 (£210,046 in 2024) this was up from last year as its membership went up significantly following a successful outreach campaign and significant donations and grant Total operating cost was £188,573 (£235,220 in 2024) this was down from last year.
Trustees are of the opinion that for the foreseeable future, increased evangelism to a bigger audience from internet, phone apps, and tweeter, what’s up and the Facebook is a long-term strategy to expand the Ministry.
Trustees are most grateful to the members and the public who continued to give to the work of God carried on at the church.
Volunteer services
The Trustees would like to mention the work of several dedicated volunteers whose contribution immensely contributed to the work at the church. The church benefited from these services provided free of charge.
The trustees once again extend a big thank you to all its volunteers.
3
STATEMENT OF MANAGEMENT RESPONSIBILITIES
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the non for profit SORP;
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make judgements and estimates that are reasonable and prudent.
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the church 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 church and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
ON BEHALF OF THE TRUSTEES :
Emmanuel B GBOGBOADE
Signature Trustee
4
INDEPENDENT EXAMINER’S REPORT
I report on the accounts of the Charity for the year ended 31 May 2025, prepared based on the accounting policies shown in the corresponding pages
RESPECTIVE RESPONSIBILITIES OF MANAGEMENT AND EXAMINER:
As the church trustees you are responsible for the preparation of the accounts; you consider that the audit requirement of section 43(2) of the Charities Act 1993 (the Act) does not apply. It is my responsibility to state, based on procedures specified the General Directions given by the Charity Commissioners under section 43(7)(b) of the Act, whether 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 commissioners. 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 I do express an audit opinion on the view given by the accounts.
INDEPENDENT EXAMINER’S STATEMENT:
In connection with my examination, no matter has come to my attention, which gives me reasonable cause to believe, that any material respects the requirements.
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to keep accounting records in accordance with section 41 of the Act and
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to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act has not been met.
EA Winful
E A Winful, FCCA
EA WINFUL & ASSOCIATES CHARTERED CERTIFIED ACCOUNTANTS 18 HERO WALK ROCHESTER KENT ME1 2UZ
5
THE CHURCH OF THE LORD ALADURA UK
STATEMENT OF FINANCIAL ACTIVITIES
For the year ended 31[st] December 2025
INCOME AND EXPENDITURE
| Notes | Unrestricted Restricted | 2025 | 2024 | ||
|---|---|---|---|---|---|
| Incoming Resources | |||||
| Tithes & Offerings | 2 | 254,700 | - | 254,700 | 177,106 |
| Investment Income | 3 | 8,952 | 8,952 | 4,131 | |
| Other Operating Income | 4 | 30,800 | - | 30,800 | 28,809 |
| Total Income Resources | 294,452 | 210,046 | |||
| Resources Expanded | |||||
| Cost of Activities | 5 | (188,573) | (235,220) | ||
| Total Resources Expanded | (188,573) | (235,220) | |||
| Net Incoming / (Outgoing) Resources | 105,879 | (25,174) | |||
| Funds brought forward 31/12/24 | 269,305 | 294,478 | |||
| Designated funds utilised | - | - | |||
| Funds carried forward 31/12/25 | 375,184 | 269,305 |
See notes on the following pages for detailed analysis of income and expenditure
CONTINUING OPERATION
None of the charity’s activities were acquired or discontinued during the current and previous years. and the deficit for the previous year.
TOTAL RECOGNISED GAINS AND DEFICITS
The charity has no recognised gains or deficits other than the surplus for the current year
The notes form part of these accounts.
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THE CHURCH OF THE LORD ALADURA UK
BALANCE SHEET AS AT 31[ST] DECEMBER 2025
| FIXED ASSETS Note Tangible Assets 9 CURRENT ASSETS Debtors Bank / Cash 7 CREDITORS: Amounts falling due within one year 10 Net Current Assets / (Liabilities) CREDITORS: Amounts falling due for more than one year Total Assets less Liabilities FUNDS Unrestricted Funds 11 Restricted Funds |
2025 £ 65,725 30,800 282,608 313,408 (3,950) 309,458 - 375,183 375,183 - 375,183 |
2024 £ 69,917 28,809 174,528 |
|---|---|---|
| 203,337 (3,950) 199,387 - |
||
| 269,304 | ||
| 269,304 - |
||
| 269,304 |
Emmanuel B GBOGBOADE
……………………………… Signature
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THE CHURCH OF THE LORD ALADURA UK
NOTES TO THE FINANCIAL STATEMENTS OF 2025
1 ACCOUNTING POLICIES
1 Accounting Convention
The accounts have been prepared under the historical cost convention, and in accordance with SORP 2 Accounting for Charities.
Exemption has been taken from preparing a cash flow statement on the grounds thet the charity is a small undertaking.
Incoming Resources
Incoming Resources represents collections, pledges & donations, and gift aid receipts income due in the year.
1.2 Tangible Fixed Assets
Depreciation is provided at the following annual rates in order to write off each assets over its estimated useful life.
Fixtures & Fittings 10% Musical Equipment 10%
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THE CHURCH OF THE LORD ALADURA UK
Notes to the Accounts for the year ended 31st December 2025
| Notes to the Accounts for the year ended 31st December 2025 | |
|---|---|
| 2025 Notes 2025 2025 Restricted 2 TITHES & OFFERINGS 15 Unrestricted - Tithes 73,274 - 73,274 Collections 29,161 - 29,161 Thanksgiving 23,680 - 23,680 Harvest 5,082 - 5,082 Anniversary 6,503 - 6,503 Diocese 117,000 - 117,000 Total income received 254,700 3 Investment Income 8952 Unrestricted Restricted 4 Other Income Gift Aid payment 30,800 30,800 5a COST OF ACTIVITIES 15 Vicarage Salary Costs (54,522) Admin & Stationaries (52,388) Telephone (6,868) Insurance (3,483) Rent & Rates (38,032) Gas & Electric (19,237) Harvest, Aniversaries (2,950) Donations , Gift & Other Charitable Offerings (1,909) Purchase of bus - Building project (398) Depreciation (4,192) Bank charges (645) Total Cost of Activities (184,623) 5b Governance (3,950) |
2024 78,928 30,704 15,428 6,863 45,183 - |
| 177,106 | |
| 4131.29 28,809 (50,318) (67,006) (5,225) (4,844) (34,240) (18,898) (2,950) (2,067) (34,900) (9,398) (780) (645) |
|
| (231,270) | |
| (3,950) |
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THE CHURCH OF THE LORD ALADURA UK
| 7 BANK / CASH Bank Balance TOTAL 8 Current Assets 10 CREDITORS: Amount falling due within one year Sundary Creditors 9 FIXED ASSETS Church Building 12 Land @ Liverpool 13 Fixtures & Fittings 14 Church Bus Additions Depreciation Charge during year NBV 11 UNRESTRICTED FUNDS brought forward Surplus for the year Designated funds Carried forward |
2025 282,608 282,608 - (3,950) 28,000 - 117,667 - 145,667 75,751 4,192 79,942 65,725 269,304 105,879 - 375,183 |
2024 174,528 |
|---|---|---|
| 174,528 | ||
| - (3,950) 28,000 - 82,767 34,900 |
||
| 145,667 74,971 780 |
||
| 75,751 | ||
| 69,916 294,477 (25,174) - |
||
| 269,304 |
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THE CHURCH OF THE LORD ALADURA UK
12 Church Building: The Church building was acquired freehold in 1978 at the cost of £ 28,000. It 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 to be £392,000
14 Fixtures & Fittings: This is mainly heating equipments, carpets, tables & chairs, musical instruments and other equipments. Acquisition during the year is expensed. Depreciation is charged on its remaining net book value in 2025
15 INCOME & EXPENDITURE BY BRANCH
| INCOME | Dagenham | Birmingham | Greenwhich | North London | Surrey Square | Diocese | TOTAL |
|---|---|---|---|---|---|---|---|
| Tithes | 2,035 | 36,040 | 5,127 | 30,072 | 73,274 | ||
| Offering | 3,862 | 2,313 | 5,246 | 2,100 | 15,640 | 29,161 | |
| Thanksgiving | 49 | - | 9,470 | 14,161 | 23,680 | ||
| Harvest | 190 | - | 1,600 | 3,292 | 5,082 | ||
| Anniversary | 150 | - | - | 6,353 | 6,503 | ||
| Appeals & donations | - | - | - | - | - | ||
| Investment income | 8,952 | 8,952 | |||||
| Europe Diocese | - | - | - | - | 117,000 | 117,000 | |
| Gift Aid receipts | - | - | - | - | - | 30,800 | 30,800 |
| TOTAL | 4,202 | 4,397 | 41,286 | 18,297 | 63,165 | 163,105 | 294,452 |
| EXPENDITURE | |||||||
| Vicarage Salary Costs | (5,035) | (1,462) | (48,025) | (54,522) | |||
| Transfer (out)/ in | (2,035) | (36,040) | (5,127) | (30,072) | 73,274 | - | |
| Electricity & Gas | - | (7,800) | (589) | (6,967) | (15,356) | ||
| Water & refuse collectio | - | (2,100) | - | (1,781) | (3,881) | ||
| Transport / travel | (2,503) | (4,365) | (6,868) | ||||
| Insurance | - | - | - | (3,483) | (3,483) | ||
| Rent Payable | (3,792) | (28,000) | - | (6,240) | (38,032) | ||
| Admin & Gen Expenses | (232) | (1,485) | (19,124) | (7,495) | (12,310) | (15,337) | (55,983) |
| Charity & Donations | (686) | (1,223) | (1,909) | ||||
| Purchase of Bus | - | - | |||||
| Building maintenance | (5,000) | ||||||
| Building project | (398) | (398) | |||||
| Depreciation | (4,192) | (4,192) | |||||
| Governance | (3,950) | (3,950) | |||||
| TOTAL | (4,024) | (3,520) | (93,064) | (18,932) | (59,801) | (14,232) | (188,573) |
| Surplus / (Deficit) | 178 | 877 | (51,778) | (635) | 3,364 | 148,873 | 105,879 |
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