THEH
U£L
TRUST££S REPO
FINANCIAL STATEMENTS
THE YEA
DED 8 1ST DEC£MBE
Pagelof6

THE HOLYEMMANUEL CHURCH OF CHRIST
CONTENTS
Pages
Administrative Information
Trustees report
Independent Examlners, report
Statement of flnancial activltles
Statement of Flnanclal Position
Notes to the Flnancial Statements
(Inclusive of detailed income and expenditure)
Page2of6

THE HOLY £MMANU£L CHURCH OF CHRIST
Administrative Information
Chairperson
Rev. Francis. O . Olaniran
Other Trustees
Mr Olatunbosun Olaniran
Mr Michael Olaniran
Charity Reglstered Number 1015969
Registered Office
25 Mahlet Close
Bates Crescent
London
SW16 SAS
Independent Examlner
Profad Qua Ilty Accounting Servlces & Mgt. Consulting
Unit 3&5, 1 Bethwin Road
Camberwell
London
SE5 OSH
Tel." 02076390839
Banker
Santander
Page3of6

THE HOLYEMMANU£L CHURCH OF CHIIIST
Trustees Report for the year ended 31ST DECEMBER 2023.
Trustees present thelr financlal statements for the year ended 31st December 2023
The Trustees of the HOLY EMMANUEL CHURCH OF CHRIST presents
their report and financial statements for the year ended 31st December 2023. The trustees have
adopted the provision of the Statement of Recommended Practice { SORP ) Accounting and
Reporting by Charities" issued on October 2000 In preparin8 the annual report and
financial statement of the charity.
Charity Details
A Ilst of names and addresses of the charltles principal officers and bankers is set out on page 3
Objectlves
The charities, princlpal activity Is the proclamatlon of the gospel of Jesus Chrlst
l To advance the Christian doctrine ( In accordance wlth the statement of our belief ) In
such part of the United Kingdom or the world as the trustees from time to time think flt,
2 To relieve sickness and financial hardiship and to promote and preserve good health by
the provlsion of funds, good or services of any kind, includlng through the provision
of counselling and support in such parts of the United Klngdom or the world as the
trustees from time to time may think fit.and
3 To advance education In such ways and In such parts of the Unlted Kingdom or the
world as the trustee from tlme to time may think flt.
4 The trustee must use the Income and may use the capltal of the church in promoting
the objects.
Organisatlon
THE HOLY EMMANUEL CHURCH OF CHRIST Is governed by a board of
trustees who are elected to serve the church and run its affairs. Annually the Board reviews the
range of skills It has available and uses its power of co-option to ensure the gaps are filled.
Rlsk and Internal Control
The Trustee5 review the rnain operational risks and actions to manage or mltlgate it
accordingly.
Pa8e4of6

THE HOLY£MMANU£L CHURCH OF CHRisr
Revlew of transartions and flnanclal posltlon
Income Resources
The total income of the organisation for the year has been derived from its principal activities wholly
undertaken in the United Kigdom.
During the year, donation, income resources and gift received totalled £ 11 741.29,The
donations and gifts received have been made avallable without restrlctlon as to Its usage.
The balance on the charity's fund are unrestrlcted. These wlll be used to fund the charity's
objectlves during the new flnanclal year. The Trustees confirmed that the charity's assets are
available and adequate to enable it to fulfil its obligations.
Reserve Pollcy
Freely available reserves are a pool of unapplied resources avalibale to meet future
demands on the charity's resources, This is generally purpose money that can be spent on
any of the purp05e5 of the charlty. Free reserrfes of the charlty are represented by its
unrestrlcted funds less the net book value of its assets. As at 31st December 2023 , these
amounted to £ 19 Itg 8.
Statement of Trustees. responslbllltles:
Law applicable to charities in England and Wales requires the trustees to prapare financial
statements for each financial year which give a true and falr view of the charity's financlal
artivities during the year and of its financial position at the end of the year. In preparln8 those
flnanclal statements, the trustees are requlre to: a) Selert sultable accountln8 pollcles and apply
them conslstently; b) make judgement and estlmates that are responslble and prudent. c) state
whether appllcable accountlnt8 standards and statements of recommended practice have been
followed , subject to many departures dlsclosed and explalned in the financial statement; d) prepare
the financial statement5 on a going concern basis unless it is inappropriate to presume that the
charity will contlnue on that basis.
The Trustees are responsible for ensuring that proper books are maintained, for safe guiding the
assets of the charity, and taking reasonable steps for the prevention and detection of fraud and
other irregularities . The board has reviewed the effectiveness of the system of internal
control and there are no material weaknesses that would resulted in10sse5, contigencies
and uncertainties that require a separate disclosure inthese accounts.
Rev. Francls. O. Olanlran
Chair Person
Pa8e5of6

THE HOLY£MMANUEL CHURCH OF CHRIST
Independent Examinerfs Report.
We report on the accounts for the year ended 31st December 2023, which are set out on
pages 8-12
Respective responslbllltles of trustees and examlner
The charity's trustee5 are responsible for the preparatlon of the account . It is our responsibS1ity
to,"
Examine the account (under sertlon 43{3)(a) of the 1993 Act)
To follow the procedures lald down in the 8eneral directions 8iven by the
commissioners(under section 43(7){b) of the 1993 Act)
Basls of the Independent examlnerfs report
My examination was carried out in accordance wlth the General Direction5 8lven by the charity.
An examinatlon includes a review of the accounting records kept by the charity and a
comparison of the accounts presented wlth those records. It also Includes conslderation of any
unusual items or disclosures In the accounts, and seekin8 explanations from you as trustees
concerning any such matters. The procedures undertaken do not provide all the evidence that
would be required In an audlt, and consequently I do not express an audit oplnion on the view
given by the accounts.
Independent examlnerfs statement
In connection with my examinatlon, no matter has come to my attentlon.
l. Which 8ives me reasonable cause to belleve that In any material respect the requlrementsP
To keep accountin8 records In accordance with sectlon 41 of the 1993 Act and
To prepare accounts which accord with the accounting records and comply with the
accountlng requirements of the 1993 Act have not been met or
2. To which, in my opinion, attention should be drawn in order to enable a proper understandin8
of the accounts to be reached.
Omotoyosi Onifade
Profad Quality Accounting Services & Mgt Consulting
Unit 3&5 18ethwin Road
Camberwell
London
SE5 OSH
loj.! i/ IojL
Page6of6

THE HOLY£MMANUEL CHURCH OF CHR
STAT£HEKf OF FINANCIAL AcrIVmES FOR THE Y£AR ENDED
TO 31sfDECEM8£R 2028
Unrestricted
Funds
2023
Notes
2022
Income Resources
Tlthes, Offering and Thanksgiving
29,741.28
49,010.45
Total Income Resources
29.741.28
49,010.45
Resources Expended
Costs of actlvities in furtherances of charity's objectives
Management & Admlnlstratlon of charity
27,387,57
3,990.52
41,278.86
10,081.82
Total Income Expended
31,378.09
51.360.68
Net Income { out80ing) resources
Net Movement in Fund
Unrestricted Fund balance 8/F
11,636.81) (2,350.23)
25,428.26
27,778.49
Unrestrlcted Fund balances CIF
23.791.45
25,428.26

TH£ HOLY EMMANUEL CHURCH OF CHRIST
srAT£HEwf OF YINANCIAL posrrIoN AS AT 31ST DECEMBER 2023
Notes
2023
2022
FIXED ASSETS
Tangible Assets
3,966.56
5,288.75
CURRENT ASSETS
Building Fund
Debtors
Cash/ Bank
19,432.28
2,844.07
22,276.35
21,790.35
2,433.27
24,223.62
CREDITORS
Amounts due wSthln one year
750.00
2,550.00
NET CURRENT ASSETS
21,526.35
21.673.62
TOTAL ASSETS LESS CURRENT LIABILITIES
25.492.91
26,962.37
CREDITORS
Amount due after one year
1,701.46
1,534.11
TOTAL NET ASSETS
23,791.45
25.428.26
Charity Funds
Unrestrlcted General Funds b/f
Net Income for the year
Total Funds
25,428.26
27,778.49
{1,636.81) {2,350.23}
23,791.45
25,428.26

THE HOLYEMMANUEL CHURCH OF CHRIST
srAT£M£Nf OF FINANCIAL AGriv￿lEs FOR TH£ YEAR ENDED
TO 8isr DEC£MB£R 2023
Unrestrlcted
Funds
2023
Notes
2022
Income Resource5
Tithes. Offering and Thanksgiving
29,741.28
49,010.45
Total Income Resources
29,741.28
49.010.45
Resources Expended
Costs of activities In furtherances of charity'5 objectlves
Mana8ement & Admlnlstration of charity
27,387.57
3,990.52
41,278.86
10,081.82
Total Income Expended
31,378.09
51.360.68
Net Income ( outgoing) resources
Net Movement in Fund
Unrestricted Fund balance B/F
(1,636.81} (2,350.23)
25,428.26
27,778.49
Unrestrlcted Fund balances c/F
23,791.45
25.428.26

THE HOLYwANU£L CHURCH OF CHRIST
srAT£pa£l￿f OF FINANCIAL POSITION AS AT 31ST DECEMBER 2023
Note5
2023
2022
FIXED ASSETS
Tangible Assets
3,966.56
5,288.75
CURRENT ASSETS
Building Fund
Debtors
Cash/ Bank
19,432.28
2,844.07
22.276.35
21,790.35
2,433.27
24.223.62
CREDITORS
Amounts due withln one year
750.00
2,550.00
NET CURRENT ASSETS
21,526.35
21.673.62
TOTAL ASSETS LESS CURRENT LIABILITIES
25.492.91
26.962.37
CREDITORS
Amount due after one year
1,701.46
1,534.11
TOTAL NEf ASSETS
23,791.45
25,428.26
Charfty Funds
Unrestricted General Funds b/f
Net Income for the year
Total Funds
25,428.26
27,778.49
11,636.81) (2,350.23)
23,791.45
25,428.26

THE HOLYEMMANUEL CHURCH OF CHIUST
NOTES TO THE ACCOUNTS
Notes to the Accounts
For the year ended 31st December 2023.
l) Accountlng Pollcles
Basls of preparatlon
The accounts have been prepared under the historlcal cost convention and in accordance
with the financial Reportlng Standard Entities (effectlve April 20081.
Incomlng Resources
Incomes are malnly from grants and sundry incomes received and Included In the financial
statement when received. Thls Incomlng resources represents money Incomes for the
reportlng perlod.
Resources Expended
All expenditures are accounted for on accrual basis and have been classlfled under
headings that a88regate all costs related to the category. The charity expendltures
representes the amount expended by the church In the current reporting period ended
31st December 2023.
Taxatk)n
As a charity, the charitable funds are exempt from corporation tax but not from VAT.
Recoverable VAT Is In accordance wlth standard accounting practlce, Included in the cost
of those Items to which it relates.
Depreclatlon
Depreciation has been provlded at the following rates on a reducing balance method.
Equipment
Church Office5, Flxtures and Fitting
Furnitures & computer
Motor Vehlcle
25%
25%
25%
25%
2. Operatln8 Proflt
2023
2022
This is stated after charglng:
Depreciation of owned fixed assets
1.322.19
1,762.92

THE HOLYEMMANU£L CHURCH OF CHRIST
31 Tan8ible fixed assets
rixtures &
Fittings
Equlpment
Furnlture
Total
Cost/NBV
As at Istjanuary 2023
Addltlon during the year
Dlspoals/ written off
1,857.15
1,312.50
2,119.10
5,288.75
At 31st December 2023
1,857.15
1,312.50
2,119.10
5,288.75
Depreclatlon
A5 at 1st of January 2023
Depreclation charge for year
Dlsposal/written off
6,444.41
464.29
437.50
328.13
4,019.54
529.78
10,901.45
1,322.19
At 31st December 2023
6,908.70
765.63
4,549.31
12,223.63
Net book value
At 31st December 2023
1,392.86
984.38
1.589.33
3,966.56
2023
2022
Trade debtors
19,432.28
21,790.35
4) Credltors Amount falllng due wlthln one year
Other credltors - Accountancy fees
750.00
750.00
750.00
750.00
5) Unrestrlcted Funds
Unrestricted Funds brought forward
Unrestricted Fund5 for the period
As at 31st December 2023 / 31st December 2022
25,297.47
25,297.47
25,297.47
25,297.47
10

TH£ HOLY EMMANUEL CHURCH OF CHRIST
6) Detailed Income and Expendlture Account
For the year to 31st Decmber 2023
Unrestrlcted Restrlcted
Total Fund
6.1) Income and Resources
Incoming from offering, tithes, building and other
33,541.28
33,541.28
Gift Aid
Totsi Incomln8 Resources
33,541.28
33.541.28
OUTGOINGS
6.21 Costs of actlvltles In furtherance of the charftles objects:
Church Rent
Rellglous atlvltles incudlng anoiting oll services
Foods/Drlnks
Charitable donation and 8ifts
Anniversary
Muslc and entertalnment
Chrlstmas Party
Special Programmes
6,077.57
3,500.00
6,250.00
3,310.00
1,650.00
2,750.00
2,500.00
1,350.00
27,387.57
6,077.57
3,500.00
6,250.00
3,310.00
1,650.00
2,750.00
2,500.(10
1,350.00
27,387.57
6.3 Management and Admlnlstratlon of Charlty.
Depreclation
Stationery
Telephone
Waste management
Postage
Llghtin8 and heating
Accounting fee
Repairs and Renewals
Professional and Consultancies fees
Transportation
940.52
500.00
400.00
940.52
51J).00
400.00
400.00
400.1)0
750.00
750.00
1,000.00
3.990.52
i.000.00
3,990.52
11

THE HOLYEMMANUEL CHURCH OF CHRIST
7.) Cash& Bank Balances
Cash at bank
Cash at hand
486.00
2,358.07
2.844.07
8.) Church A55ets Schedule
Ch rchE I
Equipment
me
2023
1,392.86
2022
1,875.15
1,392.86
1,875.15
Flxtures and Flttln
Fixtures & Fittin8S
984.38
1,312.50
984.38
1.312.50
Furnitures
Furnitures
1,589.33
2,119.10
1.589.33
2.119.10
10