**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: - Select suitable accounting policies and then apply them consistently. - Make judgements and estimates that are reasonable and prudent. - State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements. - Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. 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: - 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 - to state whether any matter have come to our attention. ## **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 - to keep accounting records in accordance with section 41 of the 1993 Act: and - to prepare financial statements which accord with the accounting records and comply with the accounting requirements of the 1993 Act have not been met: or (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**