Charity Commission Registration No. 1176824
JERUSALEM CHURCH OF THE LORD INTERNATIONAL ''ILE- EWE''
Report and Accounts
31 May 2025
JERUSALEM CHURCH OF THE LORD INTERNATIONAL ''ILE- EWE''
Report and accounts Contents
| Page | |
|---|---|
| Administrative information | 1 |
| Trustees' report | 2 - 3 |
| Independent Examiners' report | 4 |
| Statement of Financial Activities | 5 |
| Balance sheet | 6 |
| Notes to the Financial Statements | 7 - 9 |
| (inclusive of detailed Income & Expenditure) |
JERUSALEM CHURCH OF THE LORD INTERNATIONAL ''ILE- EWE''
Trustees
AYOMIDE SADARE EKO-DAVIDS FOLASHADE OLUBUNMI AMOLEGBE IBIYEMI OLUKEMI SADARE ABIODUN JOSEPH AYENI
Independent Examiner
DELANI AWE & CO CHARTERED CERTIFIED ACCOIUNTANTS 14 BRIGHT ROAD CHATHAM KENT ME4 5HH
Registered office
109 BASTION ROAD LONDON SE2 0RH
Charity Registered number 1176824
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JERUSALEM CHURCH OF THE LORD INTERNATIONAL ''ILE- EWE''
Trustees' Report
The Trustees present their financial statements for the year ended 31-May-2025
The Trustees presented their report along with the financial statement of the charity for the year ended 31 May 2025. The financial statements have been prepared on the accounting policies set out in note 1 to 3. The financial statements comply with the charity's constitution applicable law and requirements of the Statement of Recommended Practice (SORP 2005) "accounting and reporting by charities".
Charity Details
A list of names and addresses of the charity principal officers and bankers is set out on page 2.
Objectives
The charity’s principal activity is the proclamation of the Gospel of Jesus Christ.
Organisation
Jerusalem Church of The Lord International ILE EWE is governed by a board of Trustees who are elected to serve the Church and run its affairs. Annually the Board reviews the range of skills it has available and uses its power of co-option to ensure that gaps are filled.
Risk and Internal Control
The Trustees review the main operational risks and take actions to manage or mitigate these risks accordingly.
Review of transactions and financial position
During the year tithe, offering, donations and gifts received was £19,645. These have been made available without restriction as to its usage.
The balance on the Charity’s Funds are Unrestricted. These will be used to fund the Charity’s objectives during the new financial year. The Trustees confirm that the Charity’s assets are available and adequate to enable it to fulfil its obligations.
Reserve Policy
Freely available reserves are a pool of unapplied resources available to meet future demands on the charity’s resources. This is “general purpose money that can be spent on any of the purposes of the charity. Free reserves of the charity are represented by its unrestricted funds less the net book value of its assets, as at 31 May 2025, these amounted to £62,617
Reserves are required to ensure the charity can meet its general business commitments.
Statement of Trustee Responsibilities
The Trustees are required to prepare financial statements that give a true and fair view of the state of affairs of the organization and of the income and expenditure of the project for that period. In preparing these financial statements, the Trustees are required to:
- Select suitable accounting policies and apply them consistently
2
-
State whether applicable standards and statement of recommended practice have
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been followed, subject to any material departures disclosured and explained in the statements.
-
Prepare the financial statements on the going concern basis unless it is inappropriate
-
to presume that the project will continue in operation.
The Trustees are responsible for keeping proper records that disclose at any time the financial position of the project. They are also responsible for safe guarding the assets of the organization and hence for taking reasonable steps for the prevention and detention of fraud and other irregularities.
ayosadareekodavids
AYOMIDE SADARE EKO-DAVIDS
30 March 2026
Board of Trustees Date
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JERUSALEM CHURCH OF THE LORD INTERNATIONAL ''ILE- EWE''
INDEPENDENT EXEMINERS' REPORT TO THE
TRUSTEES OF JERUSALEM CHURCH OF THE LORD INTERNATIONAL ILE EWE ON THE ACCOUNTS FOR THE YEAR ENDED 31 May 2025
We report on the accounts for the year ended 31 May 2025 which are set out on pages 7 to 9.
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider (under section 43(2)of the Charities Act 1993 that an audit is not required for this year and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts (under section 43(3)(a) of the 1993 Act);
-
to follow the procedures laid down in the General Directions given by the Charity
-
Commissioners (under section 43(7)(b) of the 1993 Act); and
-
to state whether particular matters have come to my attention.
Basis of independent examiner’s report
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the
accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
-
(1) which gives me reasonable cause to believe that in any material respect the requirements
-
to keep accounting records in accordance with section 41 of the 1993 Act; and
-
to prepare accounts which accord with the accounting records and comply with
-
the accounting requirements of the 1993 Act have not been met; or
-
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
30 March 2026
DELANI AWE & CO
Chartered Certified Accountants
14 BRIGHT ROAD
CHATHAM
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JERUSALEM CHURCH OF THE LORD INTERNATIONAL ''ILE- EWE''
Statement of Financial Activities for the year ended 31 May 2025
| Income Resources Tithes, offerings and thanksgiving Bank Interest Total Income Resources Resources Expended Support costs of activities in furtherance of the charity's objects Management & Administration of Charity Total Income Expended Net incoming/(outgoing) resources Net Movements in Funds Fund balances b/fwd Funds balances c/fwd |
Notes | Unrestricted £ 19,645 217 19,862 5,046 5,951 10,997 8,865 8,865 53,752 62,617 |
Restricted £ 0 - - - - - - |
2025 2024 Total Total Fund Fund £ £ 19,645 17,078 217 172 |
|---|---|---|---|---|
| 6.1 6.2 6.3 |
||||
| 19,862 17,250 |
||||
| 5,046 1,200 5,951 4,491 |
||||
| 10,997 5,691 |
||||
| 8,865 11,559 |
||||
| 8,865 11,559 53,752 42,193 |
||||
| 62,617 53,752 |
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JERUSALEM CHURCH OF THE LORD INTERNATIONAL ''ILE- EWE''
Balance Sheet as at 31 May 2025
| Notes Fixed assets Tangible assets 3 Current assets Cash at bank and in hand 58,339 Creditors: amounts falling due within one year 4 250 Net current assets Net assets Unrestricted Funds Unrestricted Funds 5 Restricted and Unrestricted Funds c/fwd. |
58,339 250 |
2025 2024 £ £ 4,528 3,643 50,359 250 58,089 50,109 62,617 53,752 62,617 53,752 62,617 53,752 |
|---|---|---|
The Report and Accounts were approved by the Trustees on ………………..
ibiyemiolukemisadare ayosadareekodavids IBIYEMI OLUKEMI SADARE AYOMIDE SADARE EKO-DAVIDS TRUSTEE
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JERUSALEM CHURCH OF THE LORD INTERNATIONAL ''ILE- EWE''
Notes to the Accounts for the year ended 31 May 2025
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Incoming Resources
Income is mainly from grants and bank interest received are included in the financial statements when received.
Resources Expended
All expenditure is accounted for on an accrual basis and has been classified under headings that aggregate all costs related to the category.
Taxation
As a charity, the charitable funds are exempt from corporation tax but not from VAT. Irrecoverable VAT is, in accordance with standard accounting practice, included in the cost of those items to which it relates.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets on the redusing balance of each asset.
| Land & building 2% Plant and machinery 10% Furniture & fittings 10% Musical equipment 20% 2 Net funds for the year This is stated after charging: Depreciation of owned fixed assets |
£ £ 1,952 651 |
|---|---|
| 3 Tangible fixed assets Cost At 1 June 2024 Additions At 31 May 2025 Depreciation At 1 June 2024 Charge for the year At 31 May 2025 Net book value At 31 May 2025 At 31 May 2020 |
Computers & Musical Equipment £ 6,447 - 6,447 2,896 501 3,397 3,050 3,551 |
Furniture & fittings Total £ 1,352 7,799 1,861 1,861 3,213 9,660 1,260 4,156 475 976 1,735 5,132 1,478 4,528 92 3,643 |
|---|---|---|
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JERUSALEM CHURCH OF THE LORD INTERNATIONAL ''ILE- EWE''
Notes to the Accounts for the year ended 31 May 2025
| 4 Creditors: amounts falling due within one year Trade creditors 5 Funds Unrestricted £ Balance as at 01 February 2018 53,752 Net Movements in Funds 8,865 At 31 May 2025 62,617 |
Restricted £ - |
£ £ 250 250 2025 2024 £ £ 53,752 42,193 8,865 11,559 62,617 53,752 |
|---|---|---|
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JERUSALEM CHURCH OF THE LORD INTERNATIONAL ''ILE- EWE'' Notes to the accounts (continued)
6 Detailed Income and Expenditure Account For the year ended 31 May 2024
| For the year ended 31 May 2024 | |||||
|---|---|---|---|---|---|
| 2025 | 2024 | ||||
| UnrestrictedRestrictedTotal fund | Total fund | ||||
| £ | £ | £ | £ | ||
| 6.1 | INCOMING RESOURCES | ||||
| Tithes, offering and thanksgiving | 19,645 | 19,645 | 17,078 | ||
| Bank interest received | 217 | 217 | 172 | ||
| Total Incoming Resources | 19,862 | - | 19,862 | 17,250 | |
| OUTGOING RESOURCES | |||||
| 6.2 | Support costs of activities in furtherance of | ||||
| the Charity's objects: | |||||
| Charity & Donations | - | - | - | ||
| Evangelical Outreach | 2,125 | 2,125 | - | ||
| Members welfare | 517 | 517 | 300 | ||
| Havest, events | - | - | |||
| Children,youths | 1,404 | 1,404 | 700 | ||
| Missionary | - | - | |||
| 5,046 | - | 5,046 | 1,200 | ||
| 6.3 | Management and Administration of Charity: | ||||
| Rent of Church hall | 5,000 | 5,000 | 3,590 | ||
| Travelling and subsistence | 0 | 0 | 0 | ||
| Accountancy fees | 300 | 300 | 250 | ||
| Admin/office expenses | - | 0 | - | ||
| Depreciation charge | 651 | 651 | 651 | ||
| 5,951 | - | 5,951 | 4,491 |
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