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2021-05-31-accounts

Charity Registration number 1 0 7 5 5 2 4

COMMUNION OF SAINTS EVANGELICAL CHURCH

Report and Financial Statements

for the year ended 31 May 2021

COMMUNION OF SAINTS EVANGELICAL CHURCH

Legal and administrative information

Church Trustees Pastor Henry Fisayo Lawanson
Pastor Andrew Kehinde Olowu
Pastor Stephen Akinmosa
Charity number 1 0 7 5 5 2 4
Church Address Unit 22, Penarth Centre
Penarth Street
London
SE15 1TR
Auditors GKJ Associates Ltd.
Chartered Accountants
31 River Road
Barking
IG11 0DA
Bankers Lloyds - TSB Bank Plc
Camberwell Green Branch
London
SE5 7AB

COMMUNION OF SAINTS EVANGELICAL CHURCH

Contents

Page
Report of the trustees 1 - 2
Report of the independent examiner 3
Income and expenditure 4
Balance Sheet 5
Notes to the financial statements 6 – 8

COMMUNION OF SAINTS EVANGELICAL CHURCH

TRUSTEES’ REPORT

The trustees have the pleasure of submitting their report and the financial statements for the year ended 31 May 2021.

Outline

The Communion of Saints Evangelical Church is a Pentecostal Church founded in London, United Kingdom in 1998. It is open to all nationalities, races, ages and sexes with the main objective of preaching the gospel of JESUS CHRIST firstly in the United Kingdom and to all over the world.

Objectives of the Charity, Principal Activities and Organisation of Our Work

The objectives of Communion of Saints Evangelical Church are:

a) The furtherance of Christianity and the Christian education.

b) Provision of suitable atmosphere where the Christian principles can be taught and developed within our community.

The principal activities of the church are Christian worship, Christian outreach program to increase Christian awareness and to spread the gospel of our Lord Jesus Christ and the development of the whole man, spiritually, mentally and physically.

We have a number of volunteers who assist in helping us achieve our objectives.

Developments, Activities and Achievements in the Year.

The process of development, planning and implementation have continued in the last year, during which the church have been successful spiritually in ministering to the needs of different kinds of people and training the church members to deal with various community members who have been coming to the church requiring different kinds of assistance.

Our outreach works in the year have yielded much fruit. We have extended our counselling and caring works beyond the four walls of the church premises by offering counselling and prayer support to prison inmates, and the sick at the hospitals.

We have also been successful in helping people develop biblical principles that build up their self-esteem enabling them to fulfil their purpose and live a happy and productive life.

Finally the church helped many families and individuals in the community whose livelihood was affected during the COVID 19 Pandemonium both in England and abroad, Food handouts and daily needs was given to families who were struggling to survive.

Trustees Responsibilities –

The trustees are responsible for keeping proper accounting records, which can be disclosed with reasonable accuracy at any time. They are also responsible for safeguarding the assets of the trust and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Review of Financial Position

Please refer to the annexed accounts for the details of the Financial Statements for the year ended 31 May 2019

Page 1

COMMUNION OF SAINTS EVANGELICAL CHURCH

TRUSTEES’ REPORT (CONT)

Trustees’ Responsibilities in Relation to the Financial Statements

The Charities Act 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 surplus or deficit of the charity for that period. In preparing these financial statements, the trustees are requested to:

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 financial statements comply with Charities Act. 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.

Accountants

The Accountants, GKJ Associates Ltd has indicated their willingness to act for the charity. Accordingly, a resolution will be proposed at the forthcoming Annual General Meeting.

Approval

This report was approved by the board of trustees and signed on their behalf by:

Pastor A Olowu Pastor P Pedro
…………………………….. ……………………………
Chairman, Church Council Church Secretary.
Date: 20st June, 2021

Page 2

COMMUNION OF SAINTS EVANGELICAL CHURCH

Independent Examiner’s Report to the Trustees of Communion of Saints Evangelical Church.

We report on the financial statements of the Trust for the year ended 31 May 2021, which are set out on pages 4 to 7.

In accordance with instructions received, we have prepared without carrying out an audit the financial statements for the year ended 31 May 2021. These financial statements were prepared from accounting records of the church, information and explanations supplied to us by the Church Council.

Our review was limited primarily to inquiries of the trustees and other volunteers and analytical procedures applied to the financial data.

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the financial statements. The charity’s trustees consider that an audit is not required for this year (under section 43(2) of the Charities Act 1993 (the 1993 Act)) and that an independent examination is needed.

It is our responsibility to:

• examine the financial statements (under section 43(3)(a) of the 1993 Act).

• to follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 43(7)(b) of the 1993 Act); and

Basis of independent examiner’s report

The 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 charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements 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 not express an audit opinion on the view given by the financial statements.

Independent examiner’s statement

In connection with my examination, no matter has come to our attention:

(1) which gives us reasonable cause to believe that in any material respect the requirements

(2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

GKJ Associates Ltd 31 River Road GKJ Associates Ltd Barking Chartered Certified IG11 0DA. Accountants

Date: 21[st] June 2021

Page 3

COMMUNION OF SAINTS EVANGELICAL CHURCH

Statement of Financial Activities

for the year ended 31 May 2021

Notes
Incoming resources
Donations & similar incoming resources
2.0
Activities in furtherance of the charity's objects
Other income (Including bldg
Fund Donations)
2.1
Total Incoming resources
Resources Used
Cost of generating funds
4
Cost of activities in furtherance of the charity's objects
5
Expenditure on managing/administering the charity
6
Total Resources Used
Net Incoming/(Outgoing) Resources
Gains and Losses
- Gains/losses on assets for own use
- Gains/losses on investment assets
Net Movement in Funds
Balance at 1 June
Balance at 31 May
7		 Unrestricted

Funds
65,604
76,984		 Restricted
Funds
0

0

0

0
0

0

0

0

0
0
0

0

0
 Total
Funds

2021
65,604
76,984
142,588
0
54,570
18,740
73,310
69,278
0
0
69,278
36,248
105,526		 Total
Funds
2020
68,240

166
142,588 68,406
0
54,570
18,740		 0
46,003
16,092
73,310 62,095
69,278
0
0		 6,311
0
0
69,278
36,248		 6,311
29,937
105,526 36,248

Page 4

Balance Sheet as at 31 May 2021

Notes
Fixed assets
8
Current assets
Cash at bank and in hand
9
Creditors:
amounts falling due within one year
TOTAL ASSETS
FUNDS
Unrestricted Funds
General Funds
Designated Funds
Other Income incl. Bldg. Fund
TOTAL FUNDS		 2021
£
0
105,526
0
105,526
28,542
76,984
105,526		 2021
£
0
105,526
0
105,526
28,542
76,984
105,526		 2020
£
0
36,248
0
36,248
36,248
0
36,248

The Financial statement were approved by the board and signed on its behalf

Trustee

Approved by the Trustees on the 20/06/2021

Page 5

1. Accounting policies

1.1. Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standards for Smaller Entities (effective April 2008). In preparing the financial statements the charity follows best practice as laid down in the Statement of Recommended Practice ‘Accounting and Reporting by Charities’ (SORP 2000) issued in October 2000.

1.2. Incoming Resources

Income is recognised in the period in which the charity is entitled to receipt and the amount can be measured with reasonable certainty. Income is deferred only when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.

1.3. Resources Expended

All expenditure is included on cash basis and is recognised when there is a legal or constructive obligation to pay for the expenditure.

1.5. Tangible fixed assets

Fixed assets are shown at historical cost

2. Donation & Similar incoming resources

2.0 Tithes and offerings
2.1 Special Thanksgiving
2.1 Dartford Branch
2.1 Bldg Fund
2.1 HMRC Charities

3. Other Income

Bank Interest received
4. Cost of Generating Funds


 2021
£
65,604

1,400

0

58,890

16,694

142,588
2021
£
-
2021
£
_
0

====== =

Page 6

5. Cost of activities in furtherance of charity’s objectives 2021 2020
£ £
Printing and Adverts 110 0
Rents, rate and Services Charges 29,288 27,629
Charity Bodies 0 0
Wages and National Insurance Contribution 14,400 15,600
Ministerial Expenses 2,522 550
School of Ministry 0 739
Evangelism and Outreach 0 530
Other Expenses 8,250 0
Donation, Alms and Ministry of Help 0 955
_ ______
54,570 46,003
======= =======
6. Expenditure on managing /administering the charity 2021 2020
£ £
Administrative expenses 11,471 6492
Legal and Professional Costs 2,794 1,652
General Admin Expenses4,475 9,663
18,740 16,092
======= =======

Page 7

Unrestricted Restricted Total Total Funds Funds Funds Funds 2021 2020 7. Funds £ £ £ £ At 1st June 36,248 0 36,248 6,311 Surplus/(Deficit) for the year 69,278 69,278 29,937 Transfer of Funds 0 0 0 __0___ 105,526 0 105,526 36,248

8. Tangible Fixed Assets

The charity has no fixed assets, and none subject to depreciation as the bus in use has been fully written down.

9. Cash in Bank and in Hand

CURRENT A/C as at 28thMay 2021
DEPOSIT A/C as at 10thMay 2021
BUILDING A/C as at 17thMay 2021		 £
14,004.29
90,240.01
1,281.76
105,526.06

Page 8