REPORT OF THE DIRECTORS AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
FOR
CHRIST'S CHOSEN CHURCH OF GOD
Appiatse & Associates Chartered Certified Accountants 191 Waltham Way Chingford London E4 8AG
CHRIST'S CHOSEN CHURCH OF GOD
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
| Page | |
|---|---|
| Company Information | 1 |
| Report of the Directors | 2 |
| Income Statement | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 |
| Detailed Profit and Loss Account | 7 |
CHRIST'S CHOSEN CHURCH OF GOD
COMPANY INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2020
DIRECTORS: Mr Benson Osawe Pastor Theodore Osamiamiamwen Agbonifo Ms Rose Uloma Eze Elder Osagie Gideon Enabulele Sn Apostle Jonathan F Oyema Onaghise Elder Jeff Edosa Onaifo Elder Jacob Benson Ossai Most Snr David E O U Ikhuiwu(Jp) Deacon Justin Osamede Onaghino (JP) SECRETARY: Mr Benson Osawe REGISTERED OFFICE: 43-45 North Street Cheetham Hill Manchester M8 8RE REGISTERED NUMBER: 06654376 (England and Wales) ACCOUNTANTS: Appiatse & Associates Chartered Certified Accountants 191 Waltham Way Chingford London E4 8AG
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CHRIST'S CHOSEN CHURCH OF GOD
REPORT OF THE DIRECTORS FOR THE YEAR ENDED 31 DECEMBER 2020
The directors present their report with the financial statements of the company for the year ended 31 December 2020.
DIRECTORS
The directors shown below have held office during the whole of the period from 1 January 2020 to the date of this report.
Mr Benson Osawe Pastor Theodore Osamiamiamwen Agbonifo Ms Rose Uloma Eze Elder Osagie Gideon Enabulele Sn Apostle Jonathan F Oyema Onaghise Elder Jeff Edosa Onaifo Elder Jacob Benson Ossai Most Snr David E O U Ikhuiwu(Jp) Deacon Justin Osamede Onaghino (JP)
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
ON BEHALF OF THE BOARD:
........................................................................
Mr Benson Osawe - Secretary
Date: .............................................
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CHRIST'S CHOSEN CHURCH OF GOD
INCOME STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2020
| Notes TURNOVER Administrative expenses OPERATING PROFIT/(LOSS) and PROFIT/(LOSS) BEFORE TAXATION Tax on profit/(loss) PROFIT/(LOSS) FOR THE FINANCIAL YEAR |
31.12.20 £ 166,909 115,624 51,285 - 51,285 |
31.12.19 £ 83,853 89,276 (5,423) - (5,423) |
|---|---|---|
The notes form part of these financial statements
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CHRIST'S CHOSEN CHURCH OF GOD (REGISTERED NUMBER: 06654376)
BALANCE SHEET 31 DECEMBER 2020
| Notes FIXED ASSETS Tangible assets 5 CURRENT ASSETS Cash at bank CREDITORS Amounts falling due within one year 6 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES RESERVES Retained earnings |
31.12.20 £ 68,479 450 |
£ 146,081 68,029 214,110 214,110 214,110 |
31.12.19 £ 16,833 450 |
£ 146,442 16,383 |
|---|---|---|---|---|
| 162,825 | ||||
| 162,825 | ||||
| 162,825 |
The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 in accordance with Section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for:
-
(a) ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
-
(b) preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the Board of Directors and authorised for issue on ............................................. and were signed on its behalf by:
........................................................................ Pastor Theodore Osamiamiamwen Agbonifo - Director
........................................................................ Mr Benson Osawe - Director
The notes form part of these financial statements
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CHRIST'S CHOSEN CHURCH OF GOD
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
1. STATUTORY INFORMATION
Christ's Chosen Church Of God is a private company, limited by shares, registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
2. ACCOUNTING POLICIES
Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - in accordance with the property Plant and machinery etc - 20% on reducing balance
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.
Current or deferred taxation assets and liabilities are not discounted.
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.
Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.
3. EMPLOYEES AND DIRECTORS
The average number of employees during the year was 3 (2019 - 3).
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continued...
CHRIST'S CHOSEN CHURCH OF GOD
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
4. OPERATING PROFIT/(LOSS)
The operating profit (2019 - operating loss) is stated after charging:
| 31.12.20 £ Depreciation - owned assets 361 5. TANGIBLE FIXED ASSETS Plant and Land and machinery buildings etc £ £ COST At 1 January 2020 and 31 December 2020 145,000 23,520 DEPRECIATION At 1 January 2020 - 22,078 Charge for year - 361 At 31 December 2020 - 22,439 NET BOOK VALUE At 31 December 2020 145,000 1,081 At 31 December 2019 145,000 1,442 6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.20 £ Other creditors 450 |
31.12.19 £ 361 Totals £ 168,520 |
|---|---|
| 22,078 361 |
|
| 22,439 | |
| 146,081 | |
| 146,442 | |
| 31.12.19 £ 450 |
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CHRIST'S CHOSEN CHURCH OF GOD
DETAILED PROFIT AND LOSS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2020
| Turnover Donations Gift Aid Expenditure Rent Rates and water Wages Pensions Telephone Travelling Insurance Repairs and renewals Evangelical expenses International Conference Sundry expenses Accountancy Depreciation of tangible fixed assets Plant and machinery Fixtures and fittings Commission paid Advertising Donations Finance costs Bank charges NET PROFIT/(LOSS) |
31.12.20 £ 93,433 73,476 41,200 2,406 21,317 1,260 1,369 1,522 290 534 18,520 2,066 1,539 450 37 324 20,341 949 1,500 |
£ 166,909 115,624 51,285 - 51,285 |
31.12.19 £ 83,853 - 43,496 5,500 23,532 735 727 - 31 1,690 10,888 452 886 390 37 324 - 587 - |
£ 83,853 89,275 (5,422) 1 (5,423) |
|---|---|---|---|---|
This page does not form part of the statutory financial statements
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