Registered number CE028204
Charis Family International Church Charitable Incorporated Organisation
Report and Accounts
31 May 2022
Charis Family International Church Charitable Incorporated Organisation Report and accounts Contents
| Page | |
|---|---|
| Company information | 1 |
| Directors' report | 2 |
| Accountants' report | 3 |
| Profit and loss account | 4 |
| Balance sheet | 5 |
| Notes to the accounts | 6 |
Charis Family International Church Charitable Incorporated Organisation Company Information
Directors
Ayodeji Akinsola Toluwanimi Jaiyebo Dr Olamide Agboola Elizabeth Oliver Oluwatomi Agboola
Accountants
EDWARD CONSULTING LIMITED Fifth Floor Room 12, City Gate House 246-250 Romford Road London E7 9HZ
Registered office
Buffalo Community Centre Blyth NE24 1LL
Registered number CE028204
Page 1
Charis Family International Church Charitable Incorporated Organisation Registered number: CE028204 Directors' Report
The directors present their report and accounts for the year ended 31 May 2022.
Principal activities
The company's principal activity during the year continued to be the advancement of the christian religion and providing various support to the community.
Directors
The following persons served as directors during the year:
Ayodeji Akinsola Toluwanimi Jaiyebo Dr Olamide Agboola Elizabeth Oliver Oluwatomi Agboola
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 21 May 2023 and signed on its behalf.
Ayodeji Akinsola Director
Page 2
Charis Family International Church Charitable Incorporated Organisation Accountants' Report
Accountants' report to the directors of Charis Family International Church Charitable Incorporated Organisation
You consider that the company is exempt from an audit for the year ended 31 May 2022. You have acknowledged, on the balance sheet, your responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. These responsibilities include preparing accounts that give a true and fair view of the state of affairs of the company at the end of the financial year and of its profit or loss for the financial year.
In accordance with your instructions, we have prepared the accounts which comprise the Profit and Loss Account, the Balance Sheet, the Statement of Changes in Equity and the related notes from the accounting records of the company and on the basis of information and explanations you have given to us.
We have not carried out an audit or any other review, and consequently we do not express any opinion on these accounts.
EDWARD CONSULTING LIMITED Chartered Management Accountants
Fifth Floor Room 12, City Gate House 246-250 Romford Road London E7 9HZ
21 May 2023
Page 3
Charis Family International Church Charitable Incorporated Organisation Profit and Loss Account for the year ended 31 May 2022
| Turnover Cost of sales Gross profit Administrative expenses Operating profit Profit before taxation Tax on profit Profit for the financial year |
2022 £ 18,804 (8,509) |
|---|---|
| 10,295 (6,712) |
|
| 3,583 | |
| 3,583 - |
|
| 3,583 |
Page 4
Charis Family International Church Charitable Incorporated Organisation Registered number: CE028204 Balance Sheet as at 31 May 2022
| Notes Fixed assets Tangible assets 3 Current assets Cash at bank and in hand Creditors: amounts falling due within one year 4 Net current assets Net assets Capital and reserves Profit and loss account Shareholders' funds |
2022 £ 622 3,421 (460) 2,961 3,583 3,583 3,583 |
2022 £ 622 3,421 (460) 2,961 3,583 3,583 3,583 |
|---|---|---|
| 3,583 | ||
| 3,583 | ||
| 3,583 |
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
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.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Ayodeji Akinsola Director Approved by the board on 21 May 2023
Page 5
Charis Family International Church Charitable Incorporated Organisation Notes to the Accounts for the year ended 31 May 2022
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
| Freehold buildings | over 50 years |
|---|---|
| Leasehold land and buildings | over the lease term |
| Plant and machinery | over 5 years |
| Fixtures, fittings, tools and equipment | over 5 years |
| 2 Employees Average number of persons employed by the company 3 Tangible fixed assets |
2022 Number 0 |
|---|---|
| Cost Additions At 31 May 2022 Depreciation Charge for the year At 31 May 2022 Net book value |
Plant and machinery etc £ 777 |
|---|---|
| 777 | |
| 155 | |
| 155 | |
Page 6 - 7
At 31 May 2022 622
Charis Family International Church Charitable Incorporated Organisation Notes to the Accounts for the year ended 31 May 2022
| 4 | Creditors: amounts falling due within one year | 2022 |
|---|---|---|
| £ | ||
| Trade creditors | 460 |
5 Other information
Charis Family International Church Charitable Incorporated Organisation is a private company limited by shares and incorporated in England. Its registered office is: Buffalo Community Centre
Blyth NE24 1LL
Page 6 - 7
Charis Family International Church Charitable Incorporated Organisation Detailed profit and loss account for the year ended 31 May 2022
This schedule does not form part of the statutory accounts
| Sales Sales Cost of sales Food and homeless feeding Refreshments Administrative expenses Employee costs: Travel and subsistence Premises costs: Rent General administrative expenses: Telephone and internet Subscriptions Depreciation Honorarium Sundry expenses Legal and professional costs: Accountancy fees |
2022 £ 18,804 |
|---|---|
| 5,750 2,759 |
|
| 8,509 | |
| 3,800 | |
| 3,800 | |
| 1,160 | |
| 1,160 | |
| 201 136 155 650 210 |
|
| 1,352 | |
| 400 | |
| 400 | |
| 6,712 |