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2023-12-31-accounts

Registered number 290611

CHRIST APOSTOLIC CHURCH GREAT BRITAIN HEADQUARTERS

Report and Accounts

31 December 2023

CHRIST APOSTOLIC CHURCH GREAT BRITAIN HEADQUARTERS Report and accounts Contents

Page
Charityinformation 1
Trustees Report 2 - 6
Independent Examiners Report 7
Statement of Financial Activities 8
Balance sheet 9
Notes to the Accounts 10 -11

CHRIST APOSTOLIC CHURCH GREAT BRITAIN HEADQUARTERS Charity Information

TRUSTEES

KOLAWOLE IJIYEMI STEPHEN TEWOGBADE BANJI ODUMOSU SUNDAY FAYEMI SEGUN STEPHEN OLUFUNLAYO OSHIGA-FAGAIRO FEMI BADMOS FRED VINCENT EMMANUEL O TUKASI

Accountants

Lemo Corporate 815 Old Kent Road LONDON SE15 1NX

Bankers NATWEST

Registered office

202-204 HIGH ROAD PAGE GREEN TERRACE LONDON N15 4NP

1

CHRIST APOSTOLIC CHURCH GREAT BRITAIN HEADQUARTERS

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 DECEMBER 2023

The trustees present their annual report and financial statements for the year ended 31 December 2023.

The financial statements have been prepared in accordance with the accounting policies set out in note to the financial statements and comply with the charity's governing document, the Charities Act 2011 and "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)" (effective 1 January 2019).

Objectives and activities

The Trust's objectives are to advance the Christian religion in accordance with the teaching of the Holy Bible, the tenets and practice of Christ Apostolic Church. However, the charity suffers setback by the fire incidence in 2015 before reinstatement in 2022. The church continues to raise fund for designated as Building Fund for the furnishing of the building and the repairs of the church hall. The policies adopted in furtherance of these objects are as follows and there has been no change in these during the year:

Aim of the charity

The aim of the charity is to preach and teach the gospel of our Lord Jesus Christ according to the Holy Scriptures.

Strategies for achieving aims and objectives

2

CHRIST APOSTOLIC CHURCH GREAT BRITAIN HEADQUARTERS

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

Criteria to assess success

The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Trust should undertake.

The Trustees are responsible for making all decisions regarding allocation of funds and activities such as:

The activities of the Charity during the year under review were better attended than the previous year. The church conducted her activities both physically and virtually to widen avenues for members’ involvement in the year 2023. The reinstatement of the church building attracted more members to attend physical meetings than the previous year. While the turnout could be better, the attendance of Sunday service was encouraging. However, the adjustment of members to the midweek services in the new setting was slower than expected. The church gradually recovered from the negative impact of the Pandemic having become accustomed to virtual services. The progress of the building renovation was a boost to the physical attendance as members were eager to see the changes to the building on weekly basis especially in the last two months of the year. The pastoral team attended to the church members as expected. The church

Youth development

Youth activities moved from virtual to physical in 2023. A biweekly meeting on Wednesday evening was introduced which focuses on discussion of youth related matters such as identity, career, sex, alcohol, drugs, and relationship. The youth organised a summer event called “Youth Worship Night” in August which featured guest artists and speakers. It was well attended by young people from other churches and the members of CAC Great Britain Hqtrs. Also, there was a game night which brought young people from different localities to our church. The young people continued to be involved in the order of services of the congregation at large almost every Sunday. On a different note, they are tasked with the planning and executing of Sunday services at least six times in 2023. There was a slight increase in the number of young people who worshipped in the church during the year.

Children and pupils educational developments

The charity is committed to safeguarding and promoting the welfare of young children and volunteers are expected to share the same commitments. The church continued to recruit more volunteers for children ministries and offered training for those volunteers to ensure effectiveness in their duties.

Advancement of Christian religion

As the headquarters of London District Coordinating Councils, the church was recognised by the leadership of Christ Apostolic Church Anosike Region (CAC in UK and Europe) for her generous financial contribution towards the progress of the church in the UK and Europe. The year also recorded the starting of another branch of CAC in Manchester, although the new branch emanated from CAC Kingswell Manchester.

Pastoral care and counselling

The ministerial team at CAC Great Britain headquarters are well informed, committed and open to the local community in North London. This is achieved by the counselling services available to any member like old people, mothers, children and their carers.

Evangelism and mission team supports

The Trustees of CAC Great Britain Headquarters are committed to inviting as many people as possible to worship at the church auditorium. The invitations are in the form of evangelism and outreach from time to time. The evangelism department of the church continued to find ways of improving the strategies for effective witnessing in the local community.

3

CHRIST APOSTOLIC CHURCH GREAT BRITAIN HEADQUARTERS

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

Achievements and performance

Membership strength

Members at our Great Britain headquarters Church are residents across Greater London. The church worked hard to attain the pre-Pandemic level of membership. The membership was around 120 and the average physical attendance of Sunday services was 85. Our online activities continued with average viewing of 380 monthly. There was one Christening, and one marriage was conducted in the year.

Achievements in the year

The Church experienced a slight increase of membership across different age group. The Youth ministry became more stabilised than it was in the previous three years. Feeding the Hungry Project continued her outreach to the community. A new media system was installed, and the official dedication of the reinstated auditorium was officiated by the President of Christ Apostolic Church Nigeria and Overseas. There was an improvement in the music of the church as a new volunteer with professional training in music joined the music department. The morning devotion on conference call, "Start Your Day with Jesus", was observed on weekdays throughout the year. The church continued streaming services.

Church building renovation

Following the reinstatement of the main auditorium in 2022, the fixture and fittings continued in 2023. Two major fittings were noteworthy: the Allen church organ presented as a gift to the church by the family of Pastor & Mrs Tolu Mogaji on his sixtieth birthday, and the installation of media system especially video-wall which was financed by additional borrowing £50000 from Stewardship. The official dedication of the renovated building took place on December 3, 2023, and was officiated by the president of the church, Pastor S O Oladele, and attended by the General Evangelist, Prophet Hezekiah O Oladeji, the Finance Director, Pastor J Omitinde, and the Regional Superintendent of Anosike, Pastor (Dr) Simeon O Oladokun.

Financial review

Review of Transactions and Financial Position

Any net incoming surplus for the year will be channelled towards the fixture and fittings of the new auditorium.

It is the policy of the Trust that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three- and six-months’ expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Trust’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

Reserve policy

It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a level which equates to at least six months unrestricted expenditure. This policy is expected to provide funds to cover the governance of the charity and to respond to emergencies which may arise from time to time. CAC Great Britain Headquarters was able to maintain unrestricted reserves above the six-month expenditure policy level during the year.

Risk policy

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

The Church will continue to focus its activities to meet the objectives of the charity.

4

CHRIST APOSTOLIC CHURCH GREAT BRITAIN HEADQUARTERS

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

Plans for future periods

The coming year 2024 will see a continued emphasis on achieving the main charitable objects of the charity. There are concluded plans to:

Structure, governance and management

The Charity is constituted under a Trust Deed dated 5 December 1987 and is Charity number 290611 on the central register of the Charity Commission of England and Wales.

The trustees who served during the year and up to the date of signature of the financial statements were:

Kolawole Ijiyemi Stephen Tewogbade Banji Odumosu Sunday Fayemi Segun Stephen Olufunlayo Oshiga-Fadairo Femi Badmos Fred Vincent Emmanuel O Tukasi

All Trustees are appointed by resolution of the existing Trustee Body.

Organisation Structure

The Trustees made all the decisions regarding allocation of fund and activities. The Board of Trustees comprises Chairman, Secretary to the Trust, Financial Secretary, and three other members.

How decisions are made

The Trustees make their decisions through prayerful and careful deliberations and casting of vote.

Remuneration policy

The charity remunerates trustees only for any professional service rendered for the advancement of the aim of the charity.

5

CHRIST APOSTOLIC CHURCH GREAT BRITAIN HEADQUARTERS

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2023

Relationship with wider network

Christ Apostolic Church Great Britain Headquarters is a member assembly of the Christ Apostolic Church (CAC) Nigeria and Overseas with her international headquarters in Ibadan, Nigeria.

Each assembly is set up under a governing document with day-to-day management by a Board of Trustees, The appointments of the pastor-in-charge of each assembly are made by the authorities of CAC Nigeria and Overseas. CAC Great Britain Headquarter is the mother church of all CAC churches in UK and the rest of Europe and is presently the headquarters of the London District Coordinating Council (LDCC) with a Superintendent as head, and the Headquarters of Anosike (Europe) Region. All Superintendents of the District Coordinating Councils and Zones currently in Anosike (Europe) Region meet periodically with the Regional Superintendent in London. Joint worship and prayers in the Region are held at least twice in a year. An annual General Council meeting of all CAC Superintendents is held at the parent church campgrounds at lkeji- rakeji, Osun State, Nigeria. Also, an annual Pastors’ Conference takes place at the same venue in Nigeria in September.

Special investment powers

The Trustees are empowered to use the income and may use the capital of the Trust in promoting the objects in accordance with Charities Act 2011. They can also let and dispose of property of any kind. All investments are in the name of the Charity.

Statement of trustees' responsibilities

The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales 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 charity and of the incoming resources and application of resources of the charity for that year.

In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping sufficient accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 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.

The Trustees' rreport was approved by the Board of Trustees.

Kolawole Ijiyemi Trustee

Date: 30 September 2024

6

CHRIST APOSTOLIC CHURCH GREAT BRITAIN HEADQUARTERS

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CHRIST APOSTOLIC CHURCH GB HQ

I report to the trustees on my examination of the financial statements of Christ Apostolic Church GB HQ for the year ended 31 December 2023

Respective resposibilities of 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 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. [The charity's gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of Association of Chartered Certfied Accountants.

It is my responsisblity to:

.- examine the accounts under section 145 of the 2011 Act;

.- to follow the procedure laid down in the General Direction given by the Charity Commission under section 145(5)(b) of the 2011 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 Commision. 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 the seeking of explanations from you as trustee concerning any such matters. The procedure undertaken do not provide all the evidence that would be required in an audit and, consequetly 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

  1. which gives me reasonable cause to believe that, in any material respect, the requirements:

. to keep accounting records in accordance with section 130 of the 2011 Act; and

. to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act have not been met.

or

  1. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

Ajibola Lemo

LEMO CORPORATE Chartered Certified Accountants

7

CHRIST APOSTOLIC CHURCH GREAT BRITAIN HEADQUARTERS

Statement of Financial Activities for the year ended 31 December 2023

Incoming Resources
Tithes, offerings
Others
Gift Aid Received
Building Fund
Investments
Total Income Resources
Resources Expended
Support costs of activities in
furtherance of the charity's objects
Management & Administration
of Charity
Total Income Expended
Net incoming/(outgoing) resources
Net Movements in Funds
Fund balances b/fwd
Funds balances c/fwd		 Notes
6.1
6.2
6.3		 2023
2022
Unrestricted
Total
Total
Fund 2023
Fund
Fund
£
£
£
88,995
88,995
92070
71,590
71,590
34621
18,788
18,788
33,525
33,525
83
2023
212,898
212,898
126,774
34,433
34,433
487305
85,872
85,872
15761
120,305
120,305
503,066
92,593
92,593
(376,292)
92,593
92,593
(376,292)
186,030
186,030
562,322
278,623
278,623
186,030

8

CHRIST APOSTOLIC CHURCH GREAT BRITAIN HEADQUARTERS Balance Sheet as at 31 December 2023

Notes
2
3
4
5
Fixed assets
Tangible assets
Current assets
Cash at bank and in hand
Creditors: amounts falling due
within one year
Total assets less current
liabilities
Creditors: amounts falling due
after more than one year
Capital and reserves
Unrestricted Fund
Shareholders' funds		 2023
2022
£
£
586,408
513,769
9,472
13,431
(25,333)
(25,333)
(15,861)
(11,902)
570,547
501,867
(291,924)
(315,837)
278,623
186,030
278,623
186,030
278,623
186,030		 2023
2022
£
£
586,408
513,769
9,472
13,431
(25,333)
(25,333)
(15,861)
(11,902)
570,547
501,867
(291,924)
(315,837)
278,623
186,030
278,623
186,030
278,623
186,030
501,867
(315,837)
186,030
186,030
186,030

The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006 and that members have not required the company to obtain an audit in accordance with section 476 of the Act.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.

The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.

PASTOR EMMANUEL O TUKASI Trustee

Approved by the board on 30 September 2024

9

CHRIST APOSTOLIC CHURCH GREAT BRITAIN HEADQUARTERS Notes to the Accounts for the year ended 31 December 2023

1 Accounting policies

Basis of preparation

The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Incoming Resources

Income is mainly from donations and bank interest received are included in the financial statements when received.

Resources Expended

All expenditure is accounted for on an accrual basis and has been classified under headings that aggregate all costs related to the category.

Taxation

As a charity, the charitable funds are exempt from corporation tax but not from VAT. Irrecoverable VAT is, in accordance with standard accounting practice, included in the cost of those items to which it relates.

Depreciation

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Computers & equipment 25% straight line Furniture & fittings 25% straight line

Land and
buildings
Cost
£
At 1 January 2023
513,769
Additions
72,639
At 31 December 2023
586,408
Depreciation
At 1 January 2023
0
Charge for the year
0
At 31 December 2023
0
Net book value
At 31 December 2023
586,408
At 31 December 2022
513,769
3
Creditors: amounts falling due within one year
Bank Loan
Accrual
4
Creditors: amounts falling due after one year
Bank loans
5
Analysis of funds
At 1 January 2023
Surplus for the year
At 31 December 2023		 Motor
vehicle
£
7,450
0
7,450
7,450
0
7,450
0
0		 Plant &
equipment
£
36,409
0
36,409
36,409
0
36,409
0
0		 Furniture &
fittings
£
30,431
0
30,431
30,431
0
30,431
0
0
£
23,333
2,000
25,333
2023
£
291,924
£
186,030
92,593
278,623		 Total
£
588,059
72,639
660,698
74,290
-
74,290
586,408
513,769
£
23,333
2,000
25,333
2022
£
315,837
£
562,322
(376,292)
186,030

10

CHRIST APOSTOLIC CHURCH GREAT BRITAIN HEADQUARTERS for the year ended 31 December 2023

Notes to the accounts (continued) for the year ended 31 December 2023

6 Detailed Income and Expenditure Account

6.1 INCOMING RESOURCES
Tithes, offerings
Others
Gift Aid Received
Building Fund
Total Income Resources		 2023
2022
£
£
88,995
66,602
71,590
20,265
18,788
5,203
33,525
34,521
Unrestricted
212,898
126,591

OUTGOING RESOURCES

OUTGOING RESOURCES
6.2 Support costs of activities in furtherance of
the Charity's objects:
Donations, Welfare & Gifts
Media and Telecommunication
Instrumentalist/music expenses
Printing, postage & stationery		 14,822
6,816
9,883
2,912
34,433

6.3 Management and Administration of Charity:

Bank charges
Salaries & wages
Repairs & Maintenance
Accountancy fees
Gift and Honourarium
Heat and light
Water rate
Hospitality
Facility Management
Loan interest		 1,288
21,656
3,118
3,000
18,587
14,447
1,951
5,110
3,361
13,354
85,872

11