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2023-05-31-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 2023

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 Cobden House
43, Spital Street
Dartford
DA1 2DX
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 2023.

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 several 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 has 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.

The Church has an ongoing Community based Food handout project, whereby Non-perishable food as well as daily need items are given out to less privileged families on a weekly basis.

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
…………………………….. ……………………………
Chairperson, Church Council Church Secretary.

Date:

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 2023, which are set out on pages 4 to 7.

In accordance with instructions received, we have prepared without conducting an audit the financial statements for the year ended 31 May 2023. 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:

• 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 conducted 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 we 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:

Page 3

COMMUNION OF SAINTS EVANGELICAL CHURCH

Statement of Financial Activities

for the year ended 31 May 2023

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 on 1 June
Balance on 31 May
7		 Unrestricted

Funds
84,488
0		 Restricted
Funds
6,649

0

6,649

0
6,649

0

6,649

0

0
0
0

0

0
 Total
Funds

2023
91,137
0
91,137

0
24,763
42,518
67,281
23,856

0
0
23,856

135,650

159,506
 Total
Funds
2022
94,808
0
94,808
0
41,445
23,239
64,636
30,124
0
0
30,124
105,526
135,650
84,488
0
18,114
42,518
60,632
23,856
0
0
23,856
135,650
159,506

Page 4

Balance Sheet as at 31 May 2023

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		 2023
£
0
159,506
0
159,506
159,506
0
105,526		 2023
£
0
159,506
0
159,506
1598,506
0
105,526		 2022
£
0
135,650
0
135,650
135,650
0
135,650

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

Trustee Approved by the Trustees on the

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 must 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
(Unrestricted)
2.0 Tithes and offerings
2.1 Special Thanksgiving
2.1 Bank Interest
2.1 Other Donations
2.1 HMRC Charities

(Restricted)
Ladies of Honour
Men of Excellence
Motherless Contributions
Ministry Of Help
Owuro Agbara
Building Fund
Miracle Fasting
Storage Contributions
Araoluwa Contributions



3. Other Income

Bank Interest received		 2023 2022
£ £
64,764
79,926
3,330
2,180
433
0
200 0
15,761
12,702
84,488 94,808
2,420
0
540
0
190
0
1,260
0
60
0
564
0
320
0
840
0
455
0
6,649 0
91,137 94,808
====== ======
2023 2022
£ £
433 0

Page 6

5. Cost of activities in furtherance of charity’s objectives 2023 2022
£ £
Wages & NI Contributions 15,600 15,900
Overseas Mission 767 0
Araoluwa Project Expenses 75 106
Evangelism & Outreach 2,825 4,070
Donations & Ministry of Help 2,507 1,288
Honorarium Expenses 200 0
Owuro Agbara 213 0
Church & Other Sundry Expenses 2,576 873
_ ______
24,763 22,237
======= =======
6. Expenditure on managing /administering the charity 2023 2022
£ £
Employee & Departmental Costs 6,548 3,185
Premises Costs 20,433 20,616
General Administrative Costs 13,365 17,975
Legal & Professional Costs2,172 623
42,518 42,399
======= =======

Page 7

Unrestricted Restricted Total Total Funds Funds Funds Funds 2023 2022 7. Funds £ £ £ £ At 1 June 135,650 0 135,650 105,526 Surplus/(Deficit) for the year 23,856 23,856 30,124 Transfer of Funds 0 0 0 __0___ 159,506 0 159,506 135,650

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 00946811 at 28thMay 2021
DEPOSIT A/C 02011453 as at 10thMay 2021
A/C 35474968 as at 17thMay 2021		 £
10,818.87
140,681.66
8,008.64
159,509.17

Page 8