Registered Charity Number 1204568
ENDLESS PRAISE CITY LONDON
Unaudited Financial Statements For The Year Ended
31st August , 2024
ENDLESS PRAISE CITY LONDON
Contents of The Financial Statements
For The Year Ended 31st August, 2024
| Page | |
|---|---|
| Report of The Trustees | 1 - 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to the Financial Statements | 6 |
| Detailed Statement of Financial Activities | 7 |
ENDLESS PRAISE CITY LONDON Report Of The Trustees For The Year Ended 31st August, 2024
Registered Charity Number 1204568
Principal Address.
43 St John Road, Erith - Kent, Uk, England, DA8 1PE
Trustees
Emmanuel Olufemi AGUNBAIDE Moses Toyin OLAWALE John Cyprian OSEGHE
Independent Examiner
Adonai Associates Accountants 50 King Alfred Avenue London SE6 3HP
1
ENDLESS PRAISE CITY LONDON Report of the Trustees For The Year Ended 31st August, 2024
The trustees present their report with the financial statements of the charity for the year ended 31 August 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) ‘Accounting and Reporting by Charities' issued in July 2014
STRUCTURE, GOVERNANCE AND ANAGEMENT Induction and Training of New Trustees
New Trustees are given an understanding of the charity's objectives and the requirements of the Charity Commission. They are also encouraged to attend appropriate external training events where these will facilitate the undertaking of their role. Charity Commission bulletins/updates are also forwarded to Trustees as and when issued.
Organisational structure
The church is organised such that the day to day running of the church has been delegated to the Parish Pastor and the Charity Manager. The Trustees are consulted on all material issues and determine the strategic direction of the charity. Trustees meet formally twice a year and as and when required to review the operations of the charity.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and appropriate controls are in place to provide reasonable assurance against fraud and error.
Objectives and Activities
The advancement of the Christian faith worldwide in accordance with the doctrines set out in the statement of faith contained in the schedule 2.2.2 the relief of poverty 2.3 the trustees must use the income and may use the capital of the trust in promoting the objects.
Volunteers
The charity's volunteers provide an invaluable contribution in various areas of service provision, development and implementation of the church's vision. We provide a volunteers' training programme that caters for their welfare, spiritual and socio-economic development.
Approved by order of the board of trustees on …………………………………………..and signed on its behalf by:
Emmanuel Olufemi AGUNBAIDE
( For Trustees)
2
ENDLESS PRAISE CITY LONDON
For The Year Ended 31st August, 2024
Independent Examiner's Report
To the Trustees of
ENDLESS PRAISE CITY LONDON
I report on the accounts for the year ended 31st August, 2024 set out on pages four to Seven.
Respective responsibilities of trustees and examiner
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Act 2011 (the 2011 Act)) and that an independent examination is required. The charity's gross income does not exceed £250,000 and I am qualified to undertake the examination by being a qualified member of ACCA.
It is my responsibility to:
examine the accounts under Section 145 of the 2011 Act to follow the procedures laid down in
the General Directions given by the Charity Commission (under Section l45(5)(b) of the 2011 Act); and to state whether particular matters have come to my attention.
Basis of the independent examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commission. 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 no opinion is given as to whether the accounts present a 'true and fair view ' and the report is limited to those matters set out in the statements below.
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 130 of the 2011 Act; and to prepare
accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 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.
Abiodun A Adeboyejo (AFA, ACA, FAIA)
Adonai Associates Chartered Certified Accountants
50 King Alfred Avenue
Catford , London
London
Date................................................
3
ENDLESS PRAISE CITY LONDON Statement of Financial Activities For The Year Ended 31st August, 2024
| Unrestricted Notes £ Income Resources Incoming Resources From Generated Funds Voluntary Income 1 9,245 Total Income Resources 9,245 Resources Expended Charitable Activities Physical & Spiritual Need 8,530 Governance Costs 2 650 Total Resources Expended 9,180 NET INCOMING RESOURCES 65 RECONCILATION OF FUNDS Total Funds Balances b/fwd (359) Total Funds Balances c/fwd (294) |
2024 Total Fund £ 9,245 9,245 8,530 650 9,180 65 (359) |
|---|---|
| (294) |
The Notes Form Part of These Financial Statements
4
ENDLESS PRAISE CITY LONDON
Balance Sheet
as at 31 August 2024
| 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 TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS Unrestricted Funds TOTAL FUNDS |
1,532 613 2,080 (1,467) 65 65 |
2024 Total £ 1,532 613 2,080 (1,467) |
|---|---|---|
| 65 | ||
| 65 | ||
| 65 | ||
| 65 |
The financial statements were approved by the Board of Trustees on.................................... and were signed on its behalf by:
Approved by Board of Trustees ( For Trustees)
The Notes Form Part of These Financial Statements
5
ENDLESS PRAISE CITY LONDON Notes to the Financial Statementss for the year ended 31 August 2024
ACCOUNTING POLICIES
Accounting convention
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015), the Charities Act 2011 and the requirements of the Statement of Recommended Practice (SORP 2015), Accounting and Reporting by Charities (issued July 2014)
Incoming resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost 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.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Tangible fixed assets
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
1 Voluntary Income
| Tithes & Offering 2 Governance Costs Accountancy |
2024 2023 £ £ 9,245 (2,272) 9,245 60 2024 2023 650 - 650 - |
|---|---|
- 3 Tangible fixed assets
6
ENDLESS PRAISE CITY LONDON Notes to the Financial Statementss for the year ended 31 August 2024
| Cost Additions At 31 August 2024 Depreciation Charge for the year At 31 August 2024 Net book value At 31 August 2024 4 Creditors: amounts falling due within one year 2024 £ Wages & PAYE 150 5 Movement in Funds At 01 09 23 Net Movement In Funds £ £ Unrestrictedfunds General fund - 65 Building Fund - TOTAL FUNDS - 65 Net movement in funds, included in the above are as follows: Incoming Resources Resources Expended £ £ Unrestricted funds General fund 9,245 9,180 Building Fund Total Fund 9,245 9,180 |
Choir Equipment £ 1,702 |
|---|---|
| 1,702 | |
| 170 | |
| 170 | |
| 1,532 | |
| 2023 £ - |
|
| At 31 08 24 £ 65 - 65 |
|
| Movement in Funds £ 65 |
|
| 65 |
7
ENDLESS PRAISE CITY LONDON
Detailed Statement Of Financial Activities
For The Year Ended 31st August, 2024
| INCOMING RESOURCES Tithes & Offering Gift Aid Total Incoming Resources RESOURCES EXPENDED Charitable Activities Central funding Governance Costs Accountancy fees Support Costs Management Repairs & maintenance Bank charges Security - Service Charges Depreciation charge TOTAL RESOURCES EXPENDED NET INCOME |
2024 Total Fund £ 9,245.00 - |
|---|---|
| 9,245.00 | |
| 7,550.00 | |
| 7,550.00 | |
| 650.00 | |
| 650.00 | |
| 550.00 60.00 200.00 170.00 |
|
| 980.00 | |
| 9,180.00 | |
| 65.00 |
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