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← Christ Salvation Ministries (Overcomers) Limited

2023-08-04-accounts

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COMPANY NO:06331921 CHARITY NO: 1126611

CHRIST SALVATION MINISTRIES (OVERCOMERS) LTD FINANCIAL STATEMENT FOR THE YEAR ENDED 31ST AUGUST 2023

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1

CHRIST SALVATION MINISTRIES (OVERCOMERS) LTD YEAR ENDED 31ST AUGUST 2023

MANAGEMENT COMMITTE

  1. REV. (PASTOR) CLEMENT AIGBEDO

  2. MARGARET AIGBEDO

COMPANY’S SECRETARY

MARGARET AIGBEDO

:

REGISTERED OFFICE

311 BURY NEW ROAD SALFORD MANCHESTER M7 2YN

REGISTERED NUMBER

06331921

| :

CHARITY NUMBER

1126611

ACCOUNTANTS

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ALI & CO 450 CHEETHAM HILL ROAD CHEETHAM HILL MANCHESTER M8 9LE

Z

CHRIST SALVATION MINISTRIES (OVERCOMERS) LTD MANAGEMENT COMMITTEE’S REPORT YEAR ENDED 31ST AUGUST 2023

The Management Committee who are also directors of the charity for the purposes of the committee Act, submit their annual return report and the financial statement of Christ Salvation (Over comers) Ltd (the charity) for the year ended 31ST AUGUST 2023. The management committee confirm that the annual report and financial statement of the charity comply with current statutory requirements, the requirement of the charity’s governing document and the provisions of the Statement of Recommended Practice (SORP) Accounting Reporting by charities issued on October 2000.

Method of appointment of management committee

The Management of the charity is the responsibility of the Management Committee who are elected and co-opted under the terms of the Articles of Association.

Constitution of policies and objectives

The charity is registered as a charitable company limited by guarantee and was set up by a _ Memorandum of Association.

The objective of the church is to provide church services fund raising activities which are sensitive to the social and cultural needs of the community to meet the need of young schools children through, recreation, trips, mentoring counselling, advice, health care needs and community safety scheme.

There have been no changes in the objectives since the last annual return report.

Organizational structure and decision making

The organization of the charity is controlled by the members of the Management Committee.

Review of activities

During the year charity received a total of £58,817 from church services. The financial results for the year are shown in the annexed accounts.

Reverse policy

2

It is the policy of the management committee to work towards holding the minimum reserves necessary to enable the charity to meet its commitments for a minimum period of three months.

3

‘ CHRIST SALVATION MINISTRIES (OVERCOMERS) LTD * MANAGEMENT COMMITTEE’S REPORT . YEAR ENDED 31ST AUGUST 2023

7 Management committee’s responsibilities - Company and charity law applicable to charities in England / Wales requires the management : committee 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 the period.

In preparing those financial statements the management committee have

.

The management committee have overall responsibility for ensuring that the charity has appropriate system of controls, financial and otherwise. They are also responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for | safeguarding the assets of the charity and hence for taking reasonable steps for the detection and prevention of fraud and other irregularities.

These accounts have been delivered in accordance with the provisions applicable to companies subject to the small Companies regime.

The report was approved by the management committee on 20/05/2024 and signed on its behalf by

Margaret Aigbedo Secretary

CHRIST SALVATION MINISTRIES (OQVERCOMERS) LTD YEAR ENDED 31ST AUGUST 2023

In accordance with the instructions given to us we have prepared, without carrying out an audit the financial statements for the year ended 31ST AUGUST 2023 set out on pages 5 to 11. The financial statement has prepared in accordance with the financial reporting standards for smaller entities (effective June 2002) under the historical cost convention and the accounting policies set out on page 9 to 10 from the accounting records of the charity and from information and explanation supplied to us.

ALi & CO . ACCOUNTANTS 450 CHEETHAM HILL ROAD CHEETHAM HILL MANCHESTERM8 9LE To .

“

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Phone: —° (0161) 7954751» ar Fax: (0161) 7203685 .

&

CHRIST SALVATION MINISTRIES (OVERCOMERS) LTD YEAR ENDED 31ST AUGUST 2023

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PROFITAND LOSS ACCOUNT
For the yearended 31STAUGUST 2023
2023 2022
£
£
Notes
INCOME
(DONATIONS)		 1.2 58,817 71,405
Administrative Expenses 44,476 46,394
Support Cost forChurch Services 14,639 24,894
.
es (59,115) (71,288)
Operating Profit/(Loss) 3 (298) 117
Other income 0 1,088
Interest receivable 0
0
Interest payable 4 0
0
Profit / (Loss) on ordinary activities before taxation . (298) 1,205
Tax on Profiton ordinary activities 5 0
0
Profit/(Loss) on ordinary activities after taxation (298) 1,205
Dividends 6 0 0
Retained Profit/(Loss) (298) 1,205:
Retained Profit/(Loss) broughtforward 15,701 14,496
RetainedProfit/(Loss)carriedforward 15,403 15,701

There were no recognised gains and loses other than those recognised in the Profit and Loss account.

The notes on pages 7 to 10 from part of these accounts.

7

CHRIST SALVATION MINISTRIES (OVERCOMERS) LTD YEAR ENDED 31ST AUGUST 2023

. :

BALANCE SHEET

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|||||||| |---|---|---|---|---|---|---| |At 31ST AUGUST|2023| |2022|2023| |Notes|£|£| |Fixed|Assets| |Tangible|Assets|7|15,338|14,072| |Current|Assets| |-|Stock|8|;|0|0| |Debtors|9|49,628|48,313| |_|Cash|at Bank and|in hand|810|1,140| |50,438|49,453| |Creditors:| |Amount|falling due within one year|10|(11,248)|(11,248)| |Net Current Assets|/|(Liabilities)|39,190|38,205| |Total|Assets|less|current|liabilities|54,528|52,277| |Long|term|loan|(38,827)|(36,874)| |Deferred Tax|11|0|0| |Net Assets|/|(Liabilities)|15,701|15,403| |Capital and|Reserves| |Called up|Share|Capital|12|0|0| |Profit and Loss|Account|15,701|15,403| |Shareholders|Funds|15,701|15,403| |The directors have:|

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Rev. (Pastor) Clement Aigbedo Director

Margaret Aigbedo Secretary

“

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CHRIST SALVATION MINISTRIES (OVERCOMERS) LTD YEAR ENDED 31ST AUGUST 2023

NOTES TO THE ACCOUNTS

For the year ended 31ST AUGUST 2023

1. Accounting policies

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention and in accordance with the financial reporting standards for smaller entities (effective June 2002). The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP). “Accounting and reporting by charities” published in October 2000, applicable accounting standards and the Companies Act 2006.

1.2 Turnover

:

Turnover comprises the donations from public for charity purposes.

1.3 Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided using the reducing method of the category of tangible assets existing.

Fixture, fitting and equipment 20%

i

§

CHRIST SALVATION MINISTRIES (OVERCOMERS) LTD YEAR ENDED 31ST AUGUST 2023

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.

NOTES TO THE ACCOUNTS

For the year ended 31ST AUGUST 2023

2. Turnover

The whole of the turnover and profit is consisting of donations because company is a charity company.

3. Operating Profit

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|||||||| |---|---|---|---|---|---|---| |The|operating|profit|is|stated|after charging:|2023| |£| |Depreciation of tangible fixed|assets|3,125| |4.|Interest|payable|2023| |£| |On|bank|loans,|overdrafts| |Repayable|within|5|years,|not by|instalments|0|

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}

5. Taxation

The company has no liability to Corporation Tax.

6. Dividends

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No dividend paid during the year.

6

CHRIST SALVATION MINISTRIES (OVERCOMERS) LTD YEAR ENDED 31ST AUGUST 2023

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NOTES TO THE ACCOUNTS

For the year ended 31ST AUGUST 2023

7. Tangible fixed assets assets
Van Equipment Fixtures& Total
Fittings
£ £ £ £
Cost
At01-09-2022 12,755 14,739 2,045 29,539
Additions
Disposal		 0
0		 165
0		 1,860
0		 2,030
0
At 31-08-2023 12,755 14,904 3,910 31,569
Depreciation
At01-09-2021° 4,179 8,256 1,766 14,201
Charge forthe year 1,544 1,197 385 3,126
At31-08-2022 5,723 9,453 2,151 17,327
NetBookValues
At 31-08-2022 7,032 5,451 1,759 14,242
8. Stock 2023
£
.
Stock 0
9. Debtors 2023
£
Due withinone year
Debtors,pre-payments and accrued income 48,313

)

11

CHRIST SALVATION MINISTRIES (OVERCOMERS) LTD TRADING, PROFIT AND LOSS ACCOUNTS FOR THE YEAR ENDED 31ST AUGUST 2023

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:

£ £ GROSS INCOME 58,817 (DONATIONS)

EXPENSES

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||||| |---|---|---|---| |SUBCONTRACTORS| |WAGES|8,205| |PREMISES COST|20,700| |POSTAGE,|STATIONERY, ADVERTISEMENT|1,074| |SERVICE CHARGES|250| |TRAVEL|&|SUBSISTENCE|4,531| |HIRE CHARGES|138| |LEGAL AND PROFESSIONAL|900| |PHONE|399| |SUNDRIES|233| |FUCTION & EVENTS|5,400| |COMMUNITY WELFARE|6,824| |DEPRECIATION|3,125| |BANK CHARGES|& FINANCE|1,242| |COMPUTER & MUSIC EQUIMENT|2,415| |INSURANCE|197| |REPAIRS|& RENEWALS|3,194| |WEBSITE EXPENSE|288| |(59,115)| |NET PROFIT|/ (LOSS) FOR THE YEAR|(298)|

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INDEPENDEDNT EXAMINER’S REPORT Christ Salvation Ministries Charity No 1126611 Account for Year Ended 31-08-2023

| report on the account s of the Trust for the year ended 3 1/08/2023 which are set out on page 01 to 11.

Respective Responsibilities of Trustees and Examiner

‘The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility to:

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Basis of Independent Examiner’s Statement

My examination was carried out in accordance with general Directions given by the Charity Commission. An examination include a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also include: consideration of any unusual items or disclosures in the accounts and seeking explanation from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given i to whether the account present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.

‘

:

Independent Examiner’s Statement

In connection with my examination, no material matters have come to my attention which gives me cause to believe that in, any material respect:

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| have come across no other matters in connection with the examination to which attentio: erMr “zmat Ali (IFA) to enable a proper understanding of the accountsDate: to03/06/2024 be reached. Institutes of Financial Accountants 450 Cheetham Hill Road, Manchester, M8 9LE