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;
- 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**|
|||||
|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|
|---|---|