Registered number: CE014213 Charity number: 1178522
Jesus' Return Evangelical Ministries
UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31/12/2023
Prepared By:
Berko Wealth Ltd 38 Nye Bevan Estate London United Kingdom E5 0AG
Jesus' Return Evangelical Ministries
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31/12/2023
TRUSTEES
Abimbola Odunola Joshua Elizabeth Sade Williams Elder Thomas Williams
REGISTERED OFFICE
Braemar Avenue Baptist Church London N22 7BY
COMPANY NUMBER CE014213
CHARITY NUMBER 1178522
BANKERS
Royal Bank of Scotland
ACCOUNTANTS
Berko Wealth Ltd 38 Nye Bevan Estate London United Kingdom E5 0AG
page 1
Jesus' Return Evangelical Ministries
ACCOUNTS
FOR THE YEAR ENDED 31/12/2023
CONTENTS
| Page | |
|---|---|
| Report of the Trustees | 3 |
| Accountant's Report | 4 |
| Statement of Financial Activities | 5 |
| Balance Sheet | 6 |
| Notes to the Accounts | 7 to 10 |
| Detailed Statement of Financial Activities | 9 |
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Jesus' Return Evangelical Ministries
TRUSTEES' REPORT FOR THE YEAR ENDED 31/12/2023
The trustees present their report and accounts for the year ended 31/12/2023
PRINCIPAL ACTIVITIES
The principal activity of the charity in the year under review was Sunday Service At Braemar Avenue Baptist Church.
STRUCTURE GOVERNANCE AND MANAGEMENT
structure and governance text goes here
The report was prepared in accordance with the special provisions within Part 15 of the Companies Act 2006.
This report was approved by the Board of Trustees on 22/10/2024
Abimbola Odunola Joshua
Trustee
page 3
Jesus' Return Evangelical Ministries
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE UNAUDITED ACCOUNTS OF JESUS' RETURN EVANGELICAL MINISTRIES, FOR THE YEAR ENDED 31/12/2023
In order to assist you to fulfill your duties under the Companies Act 2006, we have prepared for your approval the accounts of Jesus' Return Evangelical Ministries for the year ended 31/12/2023 as set out on pages - to (1) from the company's accounting records and from information and explanations you have given us.
As a practicing member of the we are subject to its ethical and other professional requirements which are detailed on their website.
This report is made solely to the Board of Directors of Jesus' Return Evangelical Ministries, as a body, in accordance with the terms of our engagement letter dated 22/10/2024. Our work has been undertaken solely to prepare for your approval the accounts of Jesus' Return Evangelical Ministries and state those matters that we have agreed to state to the Board of Directors of Jesus' Return Evangelical Ministries, as a body, in this report, in accordance with the requirements of the as detailed on their website. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Jesus' Return Evangelical Ministries and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Jesus' Return Evangelical Ministries has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profitability of Jesus' Return Evangelical Ministries. You consider that Jesus' Return Evangelical Ministries is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Jesus' Return Evangelical Ministries. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
Berko Wealth Ltd 38 Nye Bevan Estate London United Kingdom E5 0AG
22/10/2024
page 4
Jesus' Return Evangelical Ministries
Statement of Financial Activities for the year ended 31/12/2023
| 2023 | 2022 | |||
|---|---|---|---|---|
| Unrestricted funds |
Restricted funds |
Total | Total | |
| £ | £ | £ | £ | |
| Income | ||||
| Income from generated funds | ||||
| Income from charitable activities | 9,347 | - | 9,347 | 8,203 |
| Total Income and endowments | 9,347 | - | **9,347 ** | 8,203 |
| Expenses | ||||
| Costs of generating funds | ||||
| Expenditure on Charitable activities | 2,090 | - | 2,090 | 6,347 |
| Total Expenses | 2,090 | - | 2,090 | 6,347 |
| Net gains on investments | ||||
| Net Income | 7,257 | - | 7,257 | 1,856 |
| Gains/(losses) on revaluation of fixed assets | ||||
| Net movement in funds: | ||||
| Net income for the year | 7,257 | - | 7,257 | 1,856 |
| Total funds brought forward | 13,281 | - | 11,425 | 11,425 |
| Net funds carried forward | 20,539 | - | 20,539 | 13,281 |
This statement of financial activities includes all gains and losses recognized in the year. All income and expenditure derive from continuing activities
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Jesus' Return Evangelical Ministries
BALANCE SHEET AT 31/12/2023
| Notes CURRENT ASSETS Cash at bank and in hand NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CAPITAL AND RESERVES Unrestricted funds 5 Designated funds |
20,539 20,539 |
2023 £ 20,539 20,539 20,539 20,539 |
13,281 13,281 |
2022 £ 13,281 |
|---|---|---|---|---|
| 13,281 | ||||
| 13,281 | ||||
| 13,281 |
For the year ending 31/12/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small company’s regime.
Approved by the board of trustees on 22/10/2024 and signed on their behalf by
.............................
Abimbola Odunola Joshua Trustee
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Jesus' Return Evangelical Ministries
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31/12/2023
1. ACCOUNTING POLICIES
1a. Basis of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
1b. Incoming Resources
All incoming resources are included in the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
1c. Resources Expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources.
1d. Allocation and Apportionment Of Costs
All costs relate to the single activity of the charitable company and are recognized accordingly.
1e. Fund Accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Designated funds are funds set aside by the trustees out of unrestricted general funds for the specific future purposes or projects.
1f. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.
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Jesus' Return Evangelical Ministries
2. EMPLOYEES
----- Start of picture text -----
2023 2022
No. No.
Average number of employees - -
3. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£ £
----- End of picture text -----
4. LIMITED BY GUARANTEE
The company is limited by guarantee and does not have share capital. Each member gives a guarantee to contribute a sum not exceeding £, to the company should it be wound up. At 31/12/2023 there were members.
5. UNRESTRICTED FUNDS
| Brought forward £ 13,281 13,281 |
Incoming ** resources £** 9,347 9,347 |
Outgoing Transfers resources £ £ (2,090) - (2,090) - |
Carried forward £ 20,539 |
|
|---|---|---|---|---|
| 20,539 |
6. RESTRICTED FUNDS
| Brought forward |
Incoming resources |
Outgoing resources |
Transfers | forward Carried |
|---|---|---|---|---|
| £ | £ | £ | £ | £ |
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Jesus' Return Evangelical Ministries
| Incoming Resources for the year ended 31/12/2023 Incoming resources Incoming resources from generated funds |
2023 £ 9,347 9,347 |
2022 £ |
|---|---|---|
| 8,203 | ||
| 8,203 |
~~page 10~~
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Jesus' Return Evangelical Ministries
| Expenses for the year ended 31/12/2023 Expenses Costs of generating funds Charitable Activities Abimbola Odunola Joshua Computer costs Telephone Governance Costs Charity - Support |
2023 £ 224 87 310 1,779 1,779 2,090 |
2022 £ 224 192 |
|---|---|---|
| 416 | ||
| 5,931 | ||
| 5,931 | ||
| 6,347 |