CHRIST APOSTOLIC CHURCH KINGSREALM
To advance the Christian religion, for the public benefit, in accordance with the tenets and the beliefs of the Church by propagating the Gospel of Jesus Christ and proclaiming the Kingdom of God. In Summary; Religious Missionary ,Advancement of Education in accordance to biblical principles. Relieving of Poverty. Biblical Counsel, Worship, Prayer. Helping other Charities, Preaching.
Objects
THE OBJECT OF THE CIO IS FOR THE BENEFIT OF THE PUBLIC:TO ADVANCE THE CHRISTIAN FAITH IN ACCORDANCE WITH THE STATEMENT OF BELIEFS IN SUCH WAYS AND IN SUCH PARTS OF THE UNITED KINGDOM OR THE WORLD AS THE TRUSTEES FROM TIME TO TIME MAY THINK FIT.
Financial health, per its FY2024 accounts
The accounts state that the charity reported a surplus of £5,813 for the period, resulting in unrestricted net assets of £6,429. The trustees have established a reserves policy target of three months of annual expenditure, but the document does not explicitly state whether the current free reserves meet this target. The charity is funded mainly through voluntary tithes and offerings, with no indication of financial distress or going concern issues.
What the accounts disclose
“The Trustees have established a policy whereby the unrestricted funds not committed or invested In tangible fixed assets (‘the free reserves”) held by the church should be equivalent to three months of annual expenditure.” — page 9
“Christ Apostollc Church Kingsrealm, Is a member of Christ Apostolle Church worldwide Nigeria, which has parishes all over the world.” — page 4
Trustees
- PASTOR EZEKIEL AGBOOLA OLADELEchair
- DEBORAH OLUWASEUN SHIROYE
- David Oluwakayode
- Olusola Mathew Olabode
- Rashida Ibrahim
- TOLUWANIMI OLUWATOMIWO KOLAWOLE
Income and spending
| Financial year end | Income | Spending |
|---|---|---|
| 31/12/2024 | £46k | £40k |
| 31/12/2023 | £16k | £15k |
Common questions
Is CHRIST APOSTOLIC CHURCH KINGSREALM financially healthy?
Per its FY2024 accounts: The accounts state that the charity reported a surplus of £5,813 for the period, resulting in unrestricted net assets of £6,429. The trustees have established a reserves policy target of three months of annual expenditure, but the document does not explicitly state whether the current free reserves meet this target. The charity is funded mainly through voluntary tithes and offerings, with no indication of financial distress or going concern issues. Its FY2024 accounts were independently examined.