## 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 

1. 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<br>UNRESTRICTED RESTRICTE TOTAL FUNDS<br>INCOME<br>FUNDS<br>FUNDS<br>2021<br>£<br>£<br>£<br>INCOMING Resources from Church act<br>42,568<br>42,568<br>30,208<br>Other incoming resources<br>8,856<br>8,856<br>19,593<br>TOTAL INCOME RESOURCES<br>51,424<br>51,424<br>49,801<br>RESOURCES EXPENDED<br>Missionary and charitable giving  3a<br>3,795<br>Activities directly relating to the<br>work of the church<br>30,455<br>30,455<br>16,722<br>Cchurch management and administratio<br>26,171<br>26,171<br>30,404<br>TOTAL RESOURCES EXPENDED<br>56,627<br>56,627<br>50,921<br>(5,203)<br>(5,203)<br>(1,120)<br>2022|NOTES<br>UNRESTRICTED RESTRICTE TOTAL FUNDS<br>INCOME<br>FUNDS<br>FUNDS<br>2021<br>£<br>£<br>£<br>INCOMING Resources from Church act<br>42,568<br>42,568<br>30,208<br>Other incoming resources<br>8,856<br>8,856<br>19,593<br>TOTAL INCOME RESOURCES<br>51,424<br>51,424<br>49,801<br>RESOURCES EXPENDED<br>Missionary and charitable giving  3a<br>3,795<br>Activities directly relating to the<br>work of the church<br>30,455<br>30,455<br>16,722<br>Cchurch management and administratio<br>26,171<br>26,171<br>30,404<br>TOTAL RESOURCES EXPENDED<br>56,627<br>56,627<br>50,921<br>(5,203)<br>(5,203)<br>(1,120)<br>2022|NOTES<br>UNRESTRICTED RESTRICTE TOTAL FUNDS<br>INCOME<br>FUNDS<br>FUNDS<br>2021<br>£<br>£<br>£<br>INCOMING Resources from Church act<br>42,568<br>42,568<br>30,208<br>Other incoming resources<br>8,856<br>8,856<br>19,593<br>TOTAL INCOME RESOURCES<br>51,424<br>51,424<br>49,801<br>RESOURCES EXPENDED<br>Missionary and charitable giving  3a<br>3,795<br>Activities directly relating to the<br>work of the church<br>30,455<br>30,455<br>16,722<br>Cchurch management and administratio<br>26,171<br>26,171<br>30,404<br>TOTAL RESOURCES EXPENDED<br>56,627<br>56,627<br>50,921<br>(5,203)<br>(5,203)<br>(1,120)<br>2022|
|---|---|---|
|||49,801<br>3,795<br>16,722<br>30,404|
|||50,921|
||(5,203)<br>(5,203)|(1,120)|



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## UK CHRIST ROYAL CHURCH 

BALANCESHEET AS AT 30 NOVEMBER 2022 

|FIXED ASSETS<br>Tangible Assets<br>CURRENT ASSETS<br>Pledges/Prepayments<br>4,384<br>Bank/Cash Balance<br>2,848<br>7,232<br>CURRENT LIABILITIES<br>Amount falling due withing one year<br>900<br>NET CURRENT ASSET/LIABILITY<br>Accumulated Funds Brought Forward<br>214,974<br>Add: Net Income/(Incoming) Resources<br>(5,203)|4,384<br>2,848|2022<br>£<br>203,445<br>6,332|2021<br>£<br>207,312<br>4,384<br>4,178|
|---|---|---|---|
||||8,562<br>900<br>7,662|
|||209,777<br>209,772|214,974|
||||216094<br>(1,120)<br>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<br>Activities directly relating to the work of the church<br>c<br>Church -runing expenses<br>9,731<br>depreciation<br>3,872<br>church maintenance<br>3,105<br>Sundry school expenses<br>choir/Youth Expenses<br>Upkeep of churchyard<br>1,289<br>Evangelism/convention<br>600<br>Welfare/Donations<br>11,858<br>30,455<br>Church management and adminstration<br>Administration<br>24,473<br>Accountancy Fees<br>800<br>Bank Charges<br>Insurance<br>898<br>Legal Fees and other Professional Fees<br>26,171<br>TOTAL RESOURCES EXPENDED<br>56,627||-<br>9,731<br>3,872<br>3,105<br>-<br>-<br>1,289<br>600<br>11,858|3,795<br>4,186<br>3,872<br>2,302<br>690<br>745<br>2,015<br>2,000<br>912<br>16,722<br>27,230<br>900<br>239<br>710<br>1,325|
|||30,455||
|||24,473<br>800<br>-<br>898<br>-<br>26,171||
||26,171||30,404|
||56,627|56,627|50,921|



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## FIXED ASSETS 

|At Cost as<br>at<br>1/12/2021<br>Additions<br>during the<br>year<br>Aggregate|Building Project<br>Office Equipment<br>Fixtures &<br>Fittings<br>Sound<br>Total<br>Systems<br>£<br>£<br>£<br>£<br>£<br>191883<br>11830<br>15590<br>11,302<br>230,605|Building Project<br>Office Equipment<br>Fixtures &<br>Fittings<br>Sound<br>Total<br>Systems<br>£<br>£<br>£<br>£<br>£<br>191883<br>11830<br>15590<br>11,302<br>230,605|Building Project<br>Office Equipment<br>Fixtures &<br>Fittings<br>Sound<br>Total<br>Systems<br>£<br>£<br>£<br>£<br>£<br>191883<br>11830<br>15590<br>11,302<br>230,605|Building Project<br>Office Equipment<br>Fixtures &<br>Fittings<br>Sound<br>Total<br>Systems<br>£<br>£<br>£<br>£<br>£<br>191883<br>11830<br>15590<br>11,302<br>230,605|Building Project<br>Office Equipment<br>Fixtures &<br>Fittings<br>Sound<br>Total<br>Systems<br>£<br>£<br>£<br>£<br>£<br>191883<br>11830<br>15590<br>11,302<br>230,605|Building Project<br>Office Equipment<br>Fixtures &<br>Fittings<br>Sound<br>Total<br>Systems<br>£<br>£<br>£<br>£<br>£<br>191883<br>11830<br>15590<br>11,302<br>230,605|
|---|---|---|---|---|---|---|
|||191,883|11,830|15,590<br>11,302||230,605|
|||-<br>-|7,215<br>1,183|10,022<br>6051<br>1,559<br>1130||23293<br>3,872|
|<br>Depreciatio|||||||
|n<br>Accomulat<br>ed<br>depreciatio<br>n B/F<br>Charge for<br>the year<br>Accumulat<br>ed<br>Depreciatio<br>n C/F<br>Balance as<br>at<br>30/11/2022<br>Balance at<br>30/11/2021|||||||
|||-|8,398|11,581<br>7,181||27,160|
|||191,883|3,432|4,009<br>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<br>|£||4,384<br>|
|Prepayment|£|-<br>|£||-<br>|
||£|4,384<br>|£||4,384<br>|
|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<br>_Amount falling due within one year_<br>Accountancy and Bookkeeping<br>Accrued Expenses<br>8.CLERGY ALLOWANCE<br>Pastor Allowance|900<br>900<br>0<br>0|
|---|---|
||900<br>900|
||24,473<br>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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