CLIENT: UK CHRIST ROYAL CHURCH
ANNUAL ACCOUNTS FOR THE YEAR ENDED 30-Nov-22
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UK CHRIST ROYAL CHURCH FINANCIAL STATEMENT FOR THE YEAR ENDED 30TH NOVEMBER 2022
Reports and Accounts
| CONTENTS | ||
|---|---|---|
| Charity Information | 1 | |
| ACCOUNTANT'S REPORT | 2 | |
| REPORT OF THE TRUSTEES | 3 | |
| Statement of Financial Activities | 4 | |
| Balance Sheet | 5 | |
| Notes to Accounts | 6 to 8 |
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UK CHRIST ROYAL CHURCH CHARITY INFORMATION FOR THE ENDED 30 NOVEMBER 2022
CHARITY NO: 1154659 REGISTER OFFICE: 27 CHATHAM PLACE OFF MORNING LANE LONDON E9 6LL BANKER BARCLAY BANK PLC 20-53-33
ACCOUNTANTS: EMMANUEL STEPHENS & CO. CHARTERED ACCOUNTANTS, BUSINESS ADVISERS & CONSULTANTS 62 BEECHWOOD ROAD, LONDON E8 3DY
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UK CHRIST ROYAL CHURCH
ACCOUNTANT'S REPORT
We report on the accounts of the Church for the period ended 30th November 2022, which are set out on pages 3 to 6. We have examined the books the books of charity inrespect of the period ended 30th November 2022 and have obtained all the necessary explanations and information from the Treasurer and certify that the statement of financial activities and the balance sheet are in accordance therewith.
Emmanuel Stephens & Co. Chartered Accountants, Business Advisers & Consultants 62 Beechwood Road London E8 3DY
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UK CHRIST ROYAL CHURCH FINANCIAL STATEMENT FOR THE YEAR ENDED 30TH NOVEMBER 2022
TRUSTEES REPORT
The Trustee have pleasure in presenting their Report and the Accounts of the church for year ended 30 November 2022
- Principal Activities and Business Review
UK Christ Royal Church is established to promote any charitable purpose for the benefit of the community in the Greater London area and in particular the Advancement of religion, education, relief of poverty, distress and sickness.
2. Trustees
The trustees who served in the year were:
Mrs M O Fajolu Mr Taofiki Ali Balogun Mrs Tina Olusola Olaitan Mrs Dolapo Laleye Mr Akinkunmi Akinleye Mrs Olayinka Adesanya
3. Statement of Responsibities
Company law provides that the Trustees are responsible fpr the preparation of the annual Financial Statements, which give a true and fair view of operations of the Company. The Trustees are required to select suitable accounting policies and then apply them on a consistent basis, making judgements and estimates that are prudent and reasonable. They must prepare the financial statement on a going concern basis unless it is not appropriate to assume the that the company will continue operations. In addition, the Trustees have responsibilities for keeping proper accounting records for the assets of the company,for taking reasonable steps for the prevention of fraud or other irregularities.
Signed on behalf of the Trustee:
………………… …………….. DATE
MR TAOFIKI A BALOGUN (TRUSTEE)
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UK CHRIST ROYAL CHURCH STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 30TH NOVEMBER 2022
| NOTES UNRESTRICTED RESTRICTE TOTAL FUNDS INCOME FUNDS FUNDS 2021 £ £ £ INCOMING Resources from Church act 42,568 42,568 30,208 Other incoming resources 8,856 8,856 19,593 TOTAL INCOME RESOURCES 51,424 51,424 49,801 RESOURCES EXPENDED Missionary and charitable giving 3a 3,795 Activities directly relating to the work of the church 30,455 30,455 16,722 Cchurch management and administratio 26,171 26,171 30,404 TOTAL RESOURCES EXPENDED 56,627 56,627 50,921 (5,203) (5,203) (1,120) 2022 |
NOTES UNRESTRICTED RESTRICTE TOTAL FUNDS INCOME FUNDS FUNDS 2021 £ £ £ INCOMING Resources from Church act 42,568 42,568 30,208 Other incoming resources 8,856 8,856 19,593 TOTAL INCOME RESOURCES 51,424 51,424 49,801 RESOURCES EXPENDED Missionary and charitable giving 3a 3,795 Activities directly relating to the work of the church 30,455 30,455 16,722 Cchurch management and administratio 26,171 26,171 30,404 TOTAL RESOURCES EXPENDED 56,627 56,627 50,921 (5,203) (5,203) (1,120) 2022 |
NOTES UNRESTRICTED RESTRICTE TOTAL FUNDS INCOME FUNDS FUNDS 2021 £ £ £ INCOMING Resources from Church act 42,568 42,568 30,208 Other incoming resources 8,856 8,856 19,593 TOTAL INCOME RESOURCES 51,424 51,424 49,801 RESOURCES EXPENDED Missionary and charitable giving 3a 3,795 Activities directly relating to the work of the church 30,455 30,455 16,722 Cchurch management and administratio 26,171 26,171 30,404 TOTAL RESOURCES EXPENDED 56,627 56,627 50,921 (5,203) (5,203) (1,120) 2022 |
|---|---|---|
| 49,801 3,795 16,722 30,404 |
||
| 50,921 | ||
| (5,203) (5,203) |
(1,120) |
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UK CHRIST ROYAL CHURCH
BALANCESHEET AS AT 30 NOVEMBER 2022
| FIXED ASSETS Tangible Assets CURRENT ASSETS Pledges/Prepayments 4,384 Bank/Cash Balance 2,848 7,232 CURRENT LIABILITIES Amount falling due withing one year 900 NET CURRENT ASSET/LIABILITY Accumulated Funds Brought Forward 214,974 Add: Net Income/(Incoming) Resources (5,203) |
4,384 2,848 |
2022 £ 203,445 6,332 |
2021 £ 207,312 4,384 4,178 |
|---|---|---|---|
| 8,562 900 7,662 |
|||
| 209,777 209,772 |
214,974 | ||
| 216094 (1,120) 214974 |
APPROVED BY THE BOARD OF TRUSTEES ON ……………………………
AND SIGNED ON THEIR BEHALF BY………………………………………..
Signed…………………………………………………………….
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UK CHRIST ROYAL
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 NOVEMBER 2022
1. ACCOUNTING POLICIES
a. The accounts are prepared under the historical cost convention with the exception of investments which are stated at market value. They comply with the requirements of statement of Recommended Pratice' Accounting Charities ('SORP') and are in accordance with applicable accounting standards.
b. General accumulated funds are unrestricted funds available to the church for its general purposes and include funds designated by the Church for a particular purpose; the use of such designated funds remains at the discretion of the Church's Trustees.
c. There is no Restricted fund at the moment.
d. The governance, management and administration expenses reported in note 3 relates to the whole of the Church's activities and a proportion of the these charges are allocated to expenditure headings on basis consistent with the use of the resources
e Investments are stated at market value. It is the Church's policy to keep valuations up to date such that when investments are sold there is no gain or loss arising to previous years.
f. Tangible assets excluding freehold building are included at cost and depreciation id provided on a straight line basis, in order to write off the assets over their useful lives.
g. All expenditure is accounted for on an Accrual Basis.
Fixed Assets
The depreciation rates are as follows: Fixtures and Fittings 10% Tools and equipment 10% Sound System 10%
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UK CHRIST ROYAL NOTES TO THE FINANCIAL STATEMENT (CONTD) FOR THE YEAR ENDED 30 NOVEMBER 2022
RESOURCES EXPENDED Missionary and charitable giving
2022 2021 £ £
Missionary and charitable giving
| Missionary and charitable giving Activities directly relating to the work of the church c Church -runing expenses 9,731 depreciation 3,872 church maintenance 3,105 Sundry school expenses choir/Youth Expenses Upkeep of churchyard 1,289 Evangelism/convention 600 Welfare/Donations 11,858 30,455 Church management and adminstration Administration 24,473 Accountancy Fees 800 Bank Charges Insurance 898 Legal Fees and other Professional Fees 26,171 TOTAL RESOURCES EXPENDED 56,627 |
- 9,731 3,872 3,105 - - 1,289 600 11,858 |
3,795 4,186 3,872 2,302 690 745 2,015 2,000 912 16,722 27,230 900 239 710 1,325 |
|
| 30,455 | |||
| 24,473 800 - 898 - 26,171 |
|||
| 26,171 | 30,404 | ||
| 56,627 | 56,627 | 50,921 |
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FIXED ASSETS
| At Cost as at 1/12/2021 Additions during the year Aggregate |
Building Project Office Equipment Fixtures & Fittings Sound Total Systems £ £ £ £ £ 191883 11830 15590 11,302 230,605 |
Building Project Office Equipment Fixtures & Fittings Sound Total Systems £ £ £ £ £ 191883 11830 15590 11,302 230,605 |
Building Project Office Equipment Fixtures & Fittings Sound Total Systems £ £ £ £ £ 191883 11830 15590 11,302 230,605 |
Building Project Office Equipment Fixtures & Fittings Sound Total Systems £ £ £ £ £ 191883 11830 15590 11,302 230,605 |
Building Project Office Equipment Fixtures & Fittings Sound Total Systems £ £ £ £ £ 191883 11830 15590 11,302 230,605 |
Building Project Office Equipment Fixtures & Fittings Sound Total Systems £ £ £ £ £ 191883 11830 15590 11,302 230,605 |
|---|---|---|---|---|---|---|
| 191,883 | 11,830 | 15,590 11,302 |
230,605 | |||
| - - |
7,215 1,183 |
10,022 6051 1,559 1130 |
23293 3,872 |
|||
Depreciatio |
||||||
| n Accomulat ed depreciatio n B/F Charge for the year Accumulat ed Depreciatio n C/F Balance as at 30/11/2022 Balance at 30/11/2021 |
||||||
| - | 8,398 | 11,581 7,181 |
27,160 | |||
| 191,883 | 3,432 | 4,009 4,121 |
203,445 | |||
| 191,883 | 4,615 | 5,563 | 5251 | 207,312 |
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UK CHRIST ROYAL CHURCH
NOTES TO THE FINANCIAL STATEMENTS (CONTD) FOR THE YEAR ENDED 30 NOVEMBER 2022
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| £ | £ | ||||
| 5. DEBTORS PLEDGES/PREPAYMENTS | |||||
| Pledges | £ | 4,384 |
£ | 4,384 |
|
| Prepayment | £ | - |
£ | - |
|
| £ | 4,384 |
£ | 4,384 |
||
| 6. BANKS | |||||
| Balance as at 30th november 2022 Barclays Bank A/c No: | 1,329 | 2659 | |||
| balance as at 30th november 2019 Natwest Bank A/C: 7615 | 105 | 105 | |||
| Balance as at 30th November 2019 Natwest Bank A/C: 761 | 1,256 | 1256 | |||
| Cash at Hand | 158 | 158 | |||
| 2,848 | 4,178 |
| 7. CREDITORS Amount falling due within one year Accountancy and Bookkeeping Accrued Expenses 8.CLERGY ALLOWANCE Pastor Allowance |
900 900 0 0 |
|---|---|
| 900 900 |
|
| 24,473 27230 |
No employee received remuneration amounting to more than that £50,000 in the year.
9.FUNDS
Unrestricted funds comprises those funds which the trustees are free to use in accordance with the church objectives.
This is an unincorporated charity, constituted by trust deed. It's prinpal objective is spreading the word and preaching the gospel of Christ and the life after life and to contribute to the health and educational needs of the community. It has unrestricted funds. It prepares its accounts in accordance with the SORP and with applicable accounting standards.
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