EVANGELICAL CHURCH OF NEW JERUSALEM LTD Registration No: 06705269 Charity No: 1140374 FINANCIAL STATEMENTS FOR THE YEAR ENDED TH 30 SEPTEMBER 2024.
EVANGELICAL CHURCH OF NEW JERUSALEM LTD INDEX Contcnt Page Index to the content Trustets report AoUntantS Certificate Income and Expenditure Account BalanLe Sheei Noie% to the Account Page I
EVANGELICAL CHURCH OF NEW JERUSALEM LTD TRUSTEES REPORT FOR THE YEAR ENDED 30fH SEvfEMBER 2024 The Trustees have the pleasure of presenting their annual report together with the accounts tor the year ended 30, September 2024. TRUSTEES The memb¢rs of the trustees during the year were: Mr Oluseye Faiimilehin Mr5 Ruth Efueye MINISTER IN CHARGE Pastor Harry Olugbcnga Efueye oF.CT1VEs & ACTIVITIES The objectives of-Evangelical church of new Jerusalem are.. l. To congregate and wotship God in an approved Christian manner 2. l o promote the knowledge and doctrine ot'christianity as ¢ontained in the Holy S¢riplures 3. To support and subscribe to anv charitable institution or putyose in the turtheran¢e ot'thc church's objectivcs 4. To pav for any property. right, privileges or wncessions aLquired by the church 5. To Lonqecratc water and oil for members and other believers for complete healing from all typ¢s of serious illness and diseases 6. To promote or assist in ihe promotion of ecclesiasiical organisation DEVELOPMENT ACTIVITIES & ACHIEVF.MENTS IN THE YEAR The iharity is LL)mmitted and is successfully minisiering to the needs of che various social groups within and outside the Church. The Charity provides forum for manpower development tor its members to be equipped cducationally, socially and spiritually. To enablc th¢ Lharity to meet the needs of every age group there are different forums creaied: The Children Church - for children ages 3 - 12 Youih Group - Ages 13 - 20 {iii) The Singles Fellowship- unmarried males & females from age 21 {iv) The i¥omen's fellowship- for all married women Iv) The Men's group- for all matTied tnen (vi) The Elders Forum - for all men & women aged 50 and above These groupq meets monihly to fellow%hip together. di%¢uss and encourage one anoiher on i5SLies {socially and spiritually) peLuliar tu th¢ r¢speLiiv¢ groups. Page 2
They are also given a day in the year io dtmonslrate their impact ¢ind create an awareness to the Chur¢h. To m¢et the spiritual necds of the members and the dcvelopment of ihe total tnan, Believer5 class, W'orkers training classes were run during the year. Water baptism was conducted during the year for people that gave their lives to God and passed through thc necessary teaching class. We sent tinancial support to other charities and also actively and strongly support the Any ewang¢lical 8roup in need of our help. To reliet poverty, the Charity has a welfare scheme where people's need are met physicall), and financially in additional to ihe spiritual assistance given. FUTURE DEVELOPMENTS The charit>, aims as part of fulfilling ils objectives to create more facilities and programs that i11[ help develop the hole man, spiritually, mentally and physically. We aim io also increase our relevance to the Lommunity by inveslings time, encrgy and monev into activili¢s and programmes ihat will help prevents youth crimes. depressions in people. child abuse and such social vices that are eating deep into the fabric ufour SOLi¢Iy. REVIEW OF FXNAPICIAL POSITION Please refer to the a¢couni for the details of the financial statements for the period ended 30III September 2024. Thc charii) s principal funding source Loniinues tu be ihe individuals who attend services offered by the Charity in terms of Sunday and midweek serijices. STATEMENT OF TRUSTEES, RESPONSIBILITIES The Charities A¢1 requires the Trustees to prepare financial ateMentS for each finanLial year whiLh give a true and fair view of the 5te of affairs of the ¢harity and of the surplus or deficit of the charity for that period. In preparing these financial StalmentS. the trustees are requested to.. Selecr suitable ac¢ounting policies and then appl)J them consistently Make judgements and eqtimates that are reasonable and prudent State whether applicable aLcounting slandards and slalements of recommended praciice hav¢ been followed, subject lo any departures disclosed and explained in the financial statements; PPare thc financial statements un the g?oing concern basis unless it is inappropriate to presume that the chariiv will continue in operation. Pagc 3
The TrusLLes are responsible for keeping proper accounting records, which disclose iih reasonable accuracy at any time the financial position of the charity and io cnablc them lo ensure that the Iinancial staiements compl>, with the CharitiLs ALI. Thcy arc also responsible fur safcguarding the a55ets ul the uharity and hence lor taking reasonable steps for the prevention and detection of fraud and other irregularities. APPROVAL Approv¢d b>, the board of trustees on th¢ and sigjncd on its behalf by- TRUSTEE: Mrs Ruth Efueye DATE.. Page 4
EVANGELICAL CHURCH OF NEW JERUSALEM LTD ACCOUNTANTS CERTIFICATE TH FOR THE YEAR ENDED 30 SEPTEMBER 2024. In accordance with instruction given to us, we have prepared the Annexed Income and Expenditure account and balance sheet under the historical cost convention. using the accouniing records; information and explanation supplied to us by the trustees, and certity that they are in aCCordce there-in. Top50n & Co (Accountants) 24 Ilarbour House Coldh8rbour Lane Rainham RM13 9YB Pag¢ 3
EVANGELICAL CHURCH OF NEW JERUSALEM LTD STATEMENT OF FINANCIAL AcnviTIES FOR THE YEAR ÉNDED 30TH SEPTEMBER 2024. SUMMARY INCOME AND EXPENDITURE ACGOUNT. Unrestrict8d Restricted Notes 2024 2023 INCOMING RESOURCES Donations & Grants 31663 31663 19318 TOTAL INCOMING RÉSOURCES 316 31 19118 RESOURCES USED 21305 8467 Direct charitable expenditure 21305 Adminislr8lion TOTAL RESOURCES ibSED 21 21911 NET INCOMING RESOURCES 9752 9752 10119 BALANCES BIF AT BEGINNING OFYEAR 15217 BALANCES CARRIED FORWARD 24969 24969 217 P•9e4
EVANGELICAL CHURCH OF NEWJERLISALEM LTD BALANCE SHEET as at 30th September 2024. Nots8 2024 2023 Fixed a¥s?ts T8ngibl& assets 2875 Current a88ets Cash al bank and in hand Oebtors reditor. amounts fallin9 due within one y8ar 18190 21059 550 23559 17640 2423 Net current assets Creditors arnounl falling due 8fter one yr N8t current assets 188$ current liabilitl&s 26434 15217 Funds Restricted funds UnrÈ8tncted funds Total funds 26434 26434 L5217 15117 ThL mimbers have not required compartTr to obTain audii in accordAnce seciion 476 of the thnpanits llcl [- direil0f aLknoivl¥dge ihLIT reswisibililiL% for LLNnpIyinBwihthe r¢quiiem¢nt orth¢ conipsnies Aci 2006 With re$peci ro attountitwrecords the prepaiation ol accounts Thv aLLoun15 have bcLn prepar¢d in aiLoidan¢¢ wiih th¢ wsions in part 15 of thc wmpani¢$ Aci 20(K applic&bl¢ 10 compllnics subject w the 311 ionip¥nies 81M¢. For th¥ >¢ar endin¥ 30tli Scpiimbcr•O?4 Ih¥' Company was ¢niitk to exernpiion fiom audii undeT section 480 ofcomp8nies Approild bv ikn- board ol'direciors on.. .261h Junc 2025....... nd SigDLd on lheIrh&ll.b). Ruth i..fueye........... Dlrettor PAge 5
EVANGELICAL CHURCH OF NEW JERUSALEM LTD NOTES ON FINANCIAL STATEMENTS For the year 30th Septembor 2024. l. AceouDtyng PolicI8¥ These 8rtts have teen dM¥n upMlha D35bsof a goirt8 cocein andthe fjrtanc4al siaiernwts prep8d underthe htstoncal cosi¢onvenl&on In applicab ¥nda[S F1Man Standa5 aDd the ChariiwACts 1992 & 1993 The SMeNtsC0MVty Wlih besiprtye an¢ ren8dthe requir¢menl Df tr Fevtsed ststemBrtol Recommenoe¢ Pra ISORP 21"Ac¢ounling foi Ch¥ritses' Ted[ityhasl8e ¥dvants9èolthÈexeMptn of Fimntyal R6POMnJ sdar¢ No l tromthe wuirements ptMUGe¥ &35h flOVI 5t¥tèmenl thairtgualrfS as a Small dlwty. ReEognlUoll of Intomg and EndItUre Inty>ne and Ewi[91e re¢09Trd on bas Donation and legaci8s8reaLtounied for as receNed ard ac¢ruwJ 8 value ean b9 VgtaWhed tlare paymenlis Ye1vId Uniestrfoed16enernl Revenuegrènt5 and other income and expendhtudS5oC1aIed withfhe8erlOper0IsoIIhPtchrIi¥ dea1 ¥vith Int unrestiicted 8*neral fund. EndowmEntFund There is CyrrenttynoendowmÈntfund. 2024 202J Z.IncornSrrfJ Ré50urc•$ Unres¢ri¢ted Fund Rwtrfctsd Fund 31fj62 oNeriw5 Othets 31663 nu 31663 31663 19310 3.Olrgctthoriiable4xpendity¢l 8820 eoo 1335 8620 6860 Wew Pwsion Admi Vdunt8er Events Repaits 1335 98 220 276 1880 578 380 2986 276 575 2986 64 3650 959 Acce550llO$ 3850 Tot 21306 P$9è6
4AdrninistraV¥4 expwdftur• PfofLon8lfees Bk chaf9e5 Loan In51 550 182 6th) 106 S.Nfrt mowrnort In tundsforthÈ yr Th¥ net mDvementinfund lty they88r Is staled after¢hargiw." 2024 Attounwntsremuneraiity) $.CTeditors.' amDunts falllg wlthln onfryear soo AKountantsfSèS other cieditors 7. DeweckirlDn Equipments Openin8 ba1 834 Depreciatlon OpenlDg bal Ch8rge 959 1875 59 2875 WDV Page 7