THE INFLUENCERS CHURCH (PRIVATE LIMITED COMPANY BY GUARANTEE)
REPORT AND STATEMENT OF FINANCIAL POSITION FOR THE YEAR ENDED 31ST MARCH 2023
THE INFLUENCERS CHURCH REPORT AND STATEMENT OF FINANCIAL POSITION CONTENT
| Pages: | ||
|---|---|---|
| Company Information | 3 | |
| Directors’ report | 4 | |
| Statement of financial activities | 5 | |
| Statement of financial position | 6 | |
| Notes to the statement of financial activities | 7 | |
| Detailed statement of financial activities | 8 |
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THE INFLUENCERS CHURCH COMPANY INFORMATION FOR THE YEAR ENDED 31ST MARCH 2023
Directors: Julius Adeiza Sulle Kingsley Okechukwu Alfred King Daniels Bala Linda Sulle Company Number: 10554199 (England and Wales)
Registered Office: The Naz Community Hall, Great Clowes Street, Salford, M7 1ZQ
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THE INFLUENCERS CHURCH COMPANY NO: 10554199 (ENGLAND AND WALES) DIRECTOR'S REPORT
The directors present their report and accounts for the year ended 31 March 2023.
Directors
The following directors held office during the whole of the period.
Julius Adeiza Sulle
Kingsley Okechukwu Alfred
King Daniels Bala
Linda Sulle
Statement of directors' responsibilities
The directors are responsible for preparing the report and accounts in accordance with applicable law and regulations.
Company law requires the directors to prepare accounts for each financial year. Under that law, the directors have elected to prepare the accounts in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the accounts unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these accounts, the directors are required to:
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select suitable accounting policies and then apply them consistently;
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make judgements and estimates that are reasonable and prudent;
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prepare the accounts on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the accounts comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Small company provisions
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
Signed on behalf of the board of directors
............................................................................ Julius Adeiza Sulle Director
Approved by the board on: 6th June 2023
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THE INFLUENCERS CHURCH STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2023
| 2022 | 2023 | |
|---|---|---|
| £ | £ | |
| Income | 47,814 | 78,189 |
| Operating Expenses | (27,179) | (39,235) |
| Income on ordinary activities before taxation |
20,635 |
38,953 |
| Taxation on income on ordinary activities | - |
|
| Income on ordinary activities after taxation | 20,635 |
38,953 |
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THE INFLUENCERS CHURCH STATEMENT OF FINANCIAL POSITION AS AT 31ST MARCH 2023
| Fixed Assets Prepayments and accrued income Net current assets (liabilities) Total assets less current liabilities Total current assets (liabilities) Reserves |
2022 17,517 1,398 1,398 48,355 48,355 48,355 |
2023 26,480 13,364 |
|---|---|---|
| 13,364 | ||
| 39,844 | ||
| 39,844 | ||
| 39,844 |
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For the year ending 31 March 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
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The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
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The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
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The accounts have been prepared in accordance with the micro-entity provisions and delivered in accordance with the provisions applicable to companies subject to the small companies’ regime.
Approved by the Board on 6th June 2023
And signed on their behalf by: Julius Sulle, Director
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THE INFLUENCERS CHURCH NOTES TO THE FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2023
1. Statutory information
THE INFLUENCERS CHURCH is a company limited by guarantee, registered in England and Wales, registration number 10554199. The registered office is 9 AUBURN DRIVE, URMSTON, MANCHESTER, M41 9LF.
2. Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102, the reporting standard applicable in the United Kingdom and Republic Ireland. There were no material departures from that standard.
3. Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
4. Income
Voluntary income is received by way of donations and gifts. It is shown in full in the Statement of Financial Activities, when received. Gifts in kind are valued at their estimated value and are included under the appropriate headings.
Intangible Income is valued and included in income to the extent that it represents goods or services which would otherwise be purchased. Where it Is difficult or not possible to value the goods or services, such as volunteer time, the accounts do not Include them.
Grants, including grants for the purchase of fixed assets, are recognised in full in the Statement of Financial Activities in the year in which they are received.
5. Tangible Fixed Assets Policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. Equipment is capitalised and depreciated at the rate of 25% per annum on the straight line basis.
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THE INFLUENCERS CHURCH NOTES TO THE FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2023
| Cost Depreciation Charge for the year Net Book Value (NBV) |
2022 £ 22,743 5,226 17,517 |
2023 £ 33,681 7,201 |
|---|---|---|
| 26,480 |
6. Payments to Directors
No payment or renumeration was made to the directors during the financial year.
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THE INFLUENCERS CHURCH DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST MARCH 2023
Income Donations Gift Aid Other revenue Total Revenues Expenses Honorarium Advertising Charges Depreciation Furniture and equipment Insurance Maintenance and repairs Office supplies Rent Printing, Publication & Postage Salaries and wages Benevolence Travel Refreshment Web hosting and domains Storage Subscriptions Stationary Internet Loan Photography Other Car Car Finance Total Expenses Net Income Before Taxes Income tax expense Income from Continuing Operations Net Income |
2022 £ 39,228 6,934 1,653 47,814 0 0 14 5,226 0 353 0 887 5,004 333 84 695 1,909 728 761 1,755 1,731 0 449 7,000 250 0 0 0 27,179 20,635 0 20,635 20,635 |
2023 £ 66,842 9,808 1,539 |
|---|---|---|
| 78,189 500 0 130 7,201 0 1,697 0 0 5,564 1,690 97 1,011 4,320 6,281 765 2,026 1,588 637 487 0 500 3,194 0 1,547 |
||
| 39,235 38,953 0 |
||
| 38,953 | ||
| 38,953 |
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