CLIEKf. UK CHRIST ROYAL CFXJRCH FOR THE YEAR ENDED 3¢>Nov.23 Scanned with Camscanner UK CHRIST ROYAL CHURCH FINANCIAL STATEMENT FOR THE YEAR ENDED 30TH NOVEMBER 2023 Reports AccMts CONTENTS c￿rty Infomwbon AccouKfANTS REPORT REPORT OF THE TRUSTEES Statement of Flnanclal ACtsv￿$ Balanc4 Sheet Not￿ to Accounts 6108 UK CHRIST ROYAL CHURCH CHARITY INFORMATION FOR THE ENDED 30 NOVEMBER 2023 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 Scanned with Camscanner UK CHRIST ROYAL CHURCH ACCCKJNTANTS REPORT 2023. ￿1¢h afe set (XA on pages 3 to 6. We have examined the books tha books of charity kvesFed of the peind 30th No￿ber 2023 and hav• obtain •ll ts ne￿$Sary exrAanabMs •TrJ knfcrnfjon frorn the Treasurw •TrJ ceftsfy that th• ststemenl of finandal a¢￿ balarté sheet are In a¢￿(dance --d 5¥epkn London E8 3DY e2 UF =(AIVIlL)G P.O¢•D TEL. CJ) fc4(4 •aCO FAK. L¥J) 76&3 7kl Scanned with Camscanner UK CHRIST ROYAL CHURCH FINANCIAL STATEMENT FOR THE YEAR ENDED 30TH NOVEMBER 2023 TRUSTEES REPORT Tho Trustee have pleasure in presenbng thek Report arKI the Acc￿ftts of church fof year ended 30 Novembef 2023 1. Principal Acthvfties and Business Revbew UK Christ Royal Church is estsbltshed to Fyomote ary charitsble purpose I￿ the benefit of the comm(￿lty in the Greatw London area and in partKular the Advancefmrt of rehgThi. educabon, fer￿f of povety, distress and sickmss. 2. Trustees The trustees who served in the year were: Mrs M O Fajolu Mf Taofiki Aji Balogun Mr• Tina Olusola Cxartan Mr$ Dolapo Laleye Mr Akinkunml Akinleye Mrs Olayu)ka Ade￿nya 3. Statemert of Responsitxt Company law FYov5des that ts Trustees are respMsth fw the yeparatM)n of the annual Financial Statemonts, vhmch gNe a tru• and fa¥ view of Operat￿ of the Company. The Trustees are feq(Mred to select surtable accountty polK6es and then 8pply them on a consistent basis, makry fvKlgeff￿ estKnales that are Fyudent 8nd reasonable. They must wepare fNncial $tstemert on a ooty ¢￿)cern basis unless ft 68 not apwofThte to aSS(MTbe the that the c(¥￿￿ contifwe operatK*bS. In •ddition, the Trustees have resp(Mits'lrt*s fof k8epww prow acco(mtKV recwds the assets of the compary.f(x takry rea$C￿ble St￿ the ryeVent￿ of fra(NJ ￿ other Irregularities. Slgned on behalf of the Trus 11 |9Jt MRS DOLAPO LALEYE (TRUSTEE) . DATE UK CHRIST ROYAL CHURCH STATEMENT OF FINANCIAL ACTMTIES FOR THE YEAR ENDED 30TH NOVEMBER 2023 NOTES UNRESTRICTED RESTRICTE TOTAL FUNDS FUNDS FUNDS INCOME 2023 2022 INCOMING Resources from Church acl Other incomiryJ resources TOTAL INCOME RESOURCES 57.442 10 795 68,237 57.442 10 795 68,237 41568 51,424 RESOURCES EXPENDED Missionary and charitable gmng 3a Activlbes directy relating to the work of the church Cchurch management and administrati( 29.359 39 913 29,359 39 913 30.455 26,171 TOTAL RESOURCES EXPENDED 69 272 1,035 69 272 1035 56 627 5.203 UK CHRIST ROYAL CHURCH BALANCESHEET AS AT 30 NOVEMBER 2023 2023 2022 FIXED ASSETS Tangible Assets 199,573 203,445 CURRENT ASSETS Pledges/Prepayments Banklcash Balance 4,379 3021 7,400 4,384 7,226 CURRENT LIABILITIES Amount falling due withing one year 900 900 6326 209 771 6500 206,073 NET CURRENT ASSETILIABILITY Accumulated Funds Brought Forward Add: Net Incomel(Incoming) Resources 209,771 (3,699) 214974 (5,203) 209771 206 073 APPROVED BYTHE BOARDOFTRUSTEESON........................ AND SIGNED ON THEIR BEHALF BY.. Signed.. UK CHRIST ROYAL NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 30 NOVEMBER 2023 1. ACCOUNTING POLICIES a. The accounts are prepared under the hlstorical cost convention with the exception of Investments which are ststed at market value. They comply with the requirements of ststement of Recommended Pratice, Accounting Charities CSORP) and are In accordance with applicable accounting standards. b. General accumulated fvnds are unrestricted funds available to the church for its general purposes and Indude 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 momenL d. The govemarKe, management and administrabon expenses reported In note 3 relates to the ￿018 of the Church's actIv￿eS and a proporb'on of the these charges are allocated to exwKliture headings on basis consistent with the use of the resources e Investments are ststed at market value. rt is the Church's policy to keep valuation8 UP to date such that when Investments are sold there Is no gain or loss arlsing to sxevlous years. f. Tangible assets exduding freehold building are induded at cost and depredation kl provided on a straight line basis, In order to write off the assets over their useful Ilves. g. All expendrture18 accounted fof on an Accnjal Basis. Flxed Assets The depreclation rates 8re as follows: Fixtures and Fitb'ngs Tools and equlwnent SourKI System 10% 10% 100 UK CHRIST ROYAL NOTES TO THE FINANCIAL STATEMENT (CONTO) FOR THE YEAR ENDED 30 NOVEMBER 2023 2023 2022 RESOURCES EXPENDED Misslonary afKI olarrtatAe giving Missionary and charitsble gmng Activibes difecvy relatlng to the work of the thurch Church 4uning expenses depfeciation church malntenance Sundry school expenses cholrfyouth Expenses Upkeep of churchyard Evangelismlconvention Welfarenonations 23.065 3,872 23.065 3,872 4.188 3.872 1302 69) 745 2.015 1.102 1.102 720 29,359 720 29.359 912 16,722 Church management and adminstration Adminlstration Accountancy Fees Bank Charges Insurnnce Legal Fees and othef Pcofessionl Fees 38.537 38,537 27,230 239 710 1325 776 776 39913 39 913 TOTAL RESOURCES EXPENDED 69 272 69 272 47 126 FIXED ASSETS Fixtures & Office Equipment Flttings Building Project Sound Systems Total At Cost as at 1112r2022 191883 11830 15590 11.302 230,605 Additions during the year 191883 11.830 15.590 11302 230,605 Accomulat depreciatio 8,398 11.581 7181 23293 Charge for the year Accumulat 1183 1559 1130 Depreclatio 13 140 8311 31032 Balance as at 30111r2023 191,883 2,249 2,450 2,991 199,573 Balance at 3011112022 191,883 3,432 203.445 UK CHRIST ROYAL CHURCH NOTES TO THE FINANCIAL STATEMENTS (CONTD) FOR THE YEAR ENDED 30 NOVEMBER 2023 2023 2022 5. DEBTORS PLEDGESIPREPAYMENTS Pledges P￿paYment 4,379 £ 4,384 4379 £ 6. BANKS Balance as at 30th november 2022 Barclays Bank Alc No: balance as at 30th november 2019 Natwest Bank AJC: 761 Balance as at 30th November 2019 Natwest Bank AJC: 761 Cash at Hand 1,502 105 1,256 158 3021 1329 105 1256 158 7. CREDITORS Amount falling due within one year Accountancy and Bookkeeping Accrued Expenses 900 900 900 900 8.CLERGY ALLOWANCE Pastor Allowance 38,537 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 fvnds. It prepares its accounts in accordance with the SORP and with applicable accounting standards.