Charity Registration number 1075524
COMMUNION OF SAINTS EVANGELICAL CHURCH Management Accounts
For the year ending 31 May 2022
Registered number 1075524
COMMUNION OF SAINTS EVANGELICAL CHURCH Management Accounts
| Contents | |
|---|---|
| Page | |
| Charity Information | 1 |
| Trustees' Report | 2 |
| Income & Expenses Account | 3 |
| Balance Sheet | 4 |
| Notes | 5 & 6 |
Registered number 1075524
COMMUNION OF SAINTS EVANGELICAL CHURCH
Charity Information
Contact Details of Charity is
Cobden House 43, Spital Street Dartford Methodist Church DA1 2DR
Accountants
GKJ Associates Ltd 31 River Road Barking IG11 0DA
Bankers
Lloyds - TSB Bank Plc Camberwell Green Branch London SE5 7AB
Charity number
1075524
COMMUNION OF SAINTS EVANGELICAL CHURCH Registered number: Management Accounts
1075524
The Trustees present their management Accounts report for the year ended 31st of May 2022.
Trustees
The following persons served as Trustees during the year:
Pastor Olufisayo Lawanson Pastor Andrew Kehinde Olowu Pastor Stephen Akinmosa
Church Secretary
Pastor Paul Pedro
Trustees' responsibilities
The Trustees are responsible for preparing the management accounts in accordance with applicable law and regulations.
-
select suitable accounting policies and then apply them consistently;
-
make judgements and estimates that are reasonable and prudent;
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prepare the accounts on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the accounts comply with the Charity commission 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.
This report was approved by the board of Trustees
and Signed on its behalf
Pastor Paul Pedro Church Secretary
TRUSTEES’ REPORT
The trustees have the pleasure of submitting their report and the financial statements for the year ended 31 May 2022.
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. community 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.
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 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.
2023 Outlook
The church looks forward to the year 2023 with renewed optimism with plans to expand capacity in most of its activities and to increase access for existing and potential users of its services.
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 2022
COMMUNION OF SAINTS EVANGELICAL CHURCH Income and Expenses Account for the year ended 31 May 2022
| Notes Incoming Resources 1 Cost of activities in furtherance of Charity Objectives 2 Gross Excess /(Loss) Distribution costs Administrative expenses 3 Other operating income Net Incoming/(Outgoing) Resources Exceptional items: Excess /Loss on Tangible Assets Excess / Loss on Investments Income from investments Interest receivable Interest payable Excess / (Loss) on ordinary activities before Tax 7 Tax on Ordinary activities Excess of Income over Outgoings (Unrestricted Funds) |
Notes Incoming Resources 1 Cost of activities in furtherance of Charity Objectives 2 Gross Excess /(Loss) Distribution costs Administrative expenses 3 Other operating income Net Incoming/(Outgoing) Resources Exceptional items: Excess /Loss on Tangible Assets Excess / Loss on Investments Income from investments Interest receivable Interest payable Excess / (Loss) on ordinary activities before Tax 7 Tax on Ordinary activities Excess of Income over Outgoings (Unrestricted Funds) |
2022 £ 94,808 (41,445) 53,363 - (23,239) - 30,124 - - - - 30,124 - 30,124 |
2021 £ 142,588 (54,570) |
2021 £ 142,588 (54,570) |
|---|---|---|---|---|
| 88,018 - (18,740) - |
||||
| 69,278 | ||||
| - - |
||||
| - - - |
||||
| 69,278 - |
||||
| 69,278 |
COMMUNION OF SAINTS EVANGELICAL CHURCH Balance Sheet
as at 31 May 2022
| Balance Sheet as at 31 May 2022 |
Balance Sheet as at 31 May 2022 |
|||
|---|---|---|---|---|
| Notes 2022 £ ASSETS Fixed assets 4 - Current assets Investments held as current assets 5 - Cash at bank and in hand 9135,650 135,650 Creditors: amounts falling due within one year - Net Current Assets / Liabilities Total assets less current liabilities TOTAL ASSETS FUNDS Unrestricted Funds General Funds Designated Funds Other income incl Building Improvement Fund TOTAL FUNDS |
2022 £ 135,650 135,650 135,650 30,124 105,526 135,650 |
2021 £ 105,526 105,526 - 105,526 105,526 |
||
| 105,526 | ||||
| - 69,278 36,248 105,526 |
The Management Accounts have been approved and signed on behalf of the Trustees
Secretary Approved by the Trustee 18th of June 2022
COMMUNION OF SAINTS EVANGELICAL CHURCH Notes to the Accounts for the year ended 31 May 2022
1 Accounting policies
Basis of preparation
The management accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1 Incoming Resources
| Donations & similar incoming resources 2022 £ Tithes & Offerings 79,926 Special Thanksgiving 2,180 Dartford Branch HMRC Charities - Other incl Bdg Fund 12,702 94,808 2 Cost of activities in furtherance of Charity Objectives 2022 £ Printing & Adverts 900 Rent, rates & Service Charges 18,364 Wages and NI Contributions 15,900 Ministerial Expenses 50 School of Ministry Evangelism & Outreach 4,070 Donations & Ministry of Help 1,288 Other expenses 873 41,445 3Administrative expenses Employee costs: Welfare & Bereavement 1,300 Miracle Fasting & Baptism 371 Ladies of Honour 41 Media Team 1,936 Youth and Children Expenses Sunday School 297 Choir & Piano lessons expenses 240 Araoliuwa Project 106 Ukraine Crises Appeal 300 4,591 Premises costs: Water 110 Rent Rates Service charges Light and heat Storage 900 Domestic & General 342 |
2021 £ 65,604 1,400 - 16,694 58,890 |
2021 £ 65,604 1,400 - 16,694 58,890 |
|
|---|---|---|---|
| 142,588 | |||
| 2021 £ 110 29,288 14,400 2,522 8,250 54,570 |
|||
| 11471 11,471 |
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| Sundry expenses Legal and professional costs: Audit fees Accountancy fees Solicitors fees Consultancy fees Management fees Advertising and PR World Pay (Bank charges) Other legal and professional General administrative expenses: Internet Zoom Telephone and fax Postage Stationery and printing General Expenses Road Tax and Petrol and Vehicle exp Church Dedication Premises maintenance(Rentokill& AJ Pain) Bank charges (Loan repayment) Equipment expensed Equipment hire Other Overheads Repairs and maintenance Depreciation Amortisation of goodwill Loan Repayment |
Sundry expenses Legal and professional costs: Audit fees Accountancy fees Solicitors fees Consultancy fees Management fees Advertising and PR World Pay (Bank charges) Other legal and professional General administrative expenses: Internet Zoom Telephone and fax Postage Stationery and printing General Expenses Road Tax and Petrol and Vehicle exp Church Dedication Premises maintenance(Rentokill& AJ Pain) Bank charges (Loan repayment) Equipment expensed Equipment hire Other Overheads Repairs and maintenance Depreciation Amortisation of goodwill Loan Repayment |
1,020 16,675 623 623 23,239 1,352 617 798 880 380 1,122 536 821 10,500 |
||
|---|---|---|---|---|
| 4475 4,475 |
||||
| 2,794 2794 |
||||
| 18,740 |
There are no tangible Fixed asset at the moment, and none subject to depreciation as the bus in use has been fully written down.
Investment income consists of Net interest received during the year and accounted for as un-restricted fund.
| At 1 June Suirplus/(Deficit) for year Transfer of Funds |
Unrestricted Funds £ 105,526 30,124 - Restricted Funds £ - - - |
Total Funds 2022 £ 105,526 30,124 |
Total Funds 2021 £ 36,248 69,278 - |
|---|---|---|---|
| 135,650 - |
135,650 | 105,526 |
Cash in bank and in Hand
9
| Current A/c Deposit A/c Building A/c |
7,754 125,249 2,647 135,650 |
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