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|