## **CELESTIAL CHURCH OF CHRIST(WEST LONDON) FINANCIAL STATEMENT FOR THE YEAR ENDED 28 FEBRUARY 2023**
|**CONTENTS**
**1. CHARITY INFORMATION**
**2. ACCOUNTANTS’ REPORT**
**3. REPORT OF THE TRUSTEES**
**4. BALANCE SHEET**
**5. INCOME AND EXPENDITURE ACCOUNT**
**6. NOTES TO THE ACCOUNTS**|**PAGES**|
|---|---|
||**1**
**2**
**3-4**
**5**
**6**
**7-9**|
## **CELESTIAL CHURCH OF CHRIST(WEST LONDON) CHARITY INFORMATION FOR THE YEAR ENDED 28 FEBRUARY 2023**
**CHARITY NUMBER:** 1023139
**REGISTERED OFFICE:** Streatham Manor Hall 3 Station Approach London – SW16 6HW
## **BANKERS**
NatWest Bank Metro Bank
## **ACCOUNTANTS:**
Colinson and Company Ltd. Accountants & Tax Consultants 210 Church Road, Room 113 Regent 88 Offices Leyton, London E10 7JQ
**Page 1**
## **ACCOUNTANTS’ REPORT TO THE TRUSTEES OF CELESTIAL CHURCH OF CHRIST WEST LONDON FOR THE YEAR ENDED 28 FEBRUARY 2023**
We have examined the financial statements on pages 5 to 9 which have been prepared under the accounting policies set out on page 4 for the year ended 28 February 2023.
## **Respective responsibilities of Trustees and Examiner**
The Trustees are responsible for the preparation of accounts, and they consider that an audit is not required for this year (under section 43(2) of the Charities Act 1993 (the 1993 Act) and that an independent examination is needed.
It is our responsibility to
- Examine the accounts (under section 43(3)(a) of the 1993 Act);
- To follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 43(7)(b) of the 1993 Act); and
- To state whether particular matters have come to my attention.
## **Basis of Opinion**
We conducted our examination in accordance with the General Directions given by the Charity Commissioners. 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 we do not express an audit opinion on the view given by the accounts.
## **Opinion**
In connection with the examination, no matter has come to my attention:
- (a) which gives me reasonable cause to believe that in any material respect the requirements
- to keep accounting records in accordance with section 41of the 1993Act;
- and
- to prepare accounts which accord with the accounting records and comply
- with the accounting requirements of the 1993 Act. have not been met: or
- (b) to which, in my opinion , attention should be drawn in order to enable a proper understanding of the accounts to be reached.
**COLINSON AND COMPANY LTD 210 CHURCH ROAD, ROOM 113 ACCOUNTANTS & TAX REGENT 88 OFFICES, LEYTON CONSULTANTS LONDON – E10 7JQ**
**DATE ..............................…............ Page 2**
**CELESTIAL CHURCH OF CHRIST WEST LONDON REPORT OF THE TRUSTEES FOR THE YEAR ENDED 28 FEBRUARY 2023**
The Trustees present their report along with the financial statements of the charity for the year ended 28 February 2023. The financial statements have been prepared in accordance with the accounting policies set out on page 4 and comply with the charity’s trust deed and applicable below.
## **Constitution and objects**
The Celestial Church of Christ (Southwest London) is constituted under a trust deed and is a registered charity number 1023139.
The objects of the charity are worshipping of God, spreading the word and preaching the Gospel of Christ and the life after. To contribute to the health and educational needs of the community. Counselling Single Pervert, sick and vulnerable people.
## **Organisation**
The trustees who have served during the year and since the year end are set out below:-
Rev. Ebenezer Benjamin Fadoju Mr. Kola Adetunji Mrs. Comfort Ogunnaike Mrs Fadeke Orimolade Mr Adetola Odekanmi Mr Akanbi Zaccheaus
## **Reserves Policy**
It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a level which equates to approximately six months unrestricted expenditure. This provides sufficient funds to cover management and administration and support costs and to respond to emergency applications for grants which arise from time to time. Unrestricted funds were maintained at this level throughout the year.
## **Risk Management**
The Trustees have examined the major strategic, business and operational risks which the charity faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks.
**Page 3**
**CELESTIAL CHURCH OF CHRIST WEST LONDON REPORT OF THE TRUSTEES (CONTD.) FOR THE YEAR ENDED 28 FEBRUARY 2023**
## **Trustees’ responsibilities in relation to the financial statements**
Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year, which gives a true and fair view of the charity’s financial activities during the year and of its financial position at the end of the year. In preparing those financial statements, the trustees are required to: -
- Select suitable accounting policies and then apply them consistently;
- Make judgements and estimates that are reasonable and prudent;
- State whether applicable accounting standards and statements of recommended practice have been followed subject to any departures disclosed and explained in the financial statements; and
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the trustees and signed on their behalf by:
**………………………………................................SIGN..............................................**
**Date ………………………….**
**Page 4**
## **CELESTIAL CHURCH OF CHRIST (WEST LONDON) STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 28 FEBRUARY 2023**
|**INCOME**
Incoming resources from donation
Other incoming resources
**TOTAL INCOMING RESOURCES**
**RESOURCES EXPENDED**
**Costs of generating funds**
Missionary and Charitable giving
Activities directly relating to the
work of the church
Church management and administration
**TOTAL RESOURCES EXPENDED**
NET INCOMING/(OUTGOING) RESOURCES
GAINS AND LOSSES ON INVESTMENTS
NET MOVEMENT IN FUNDS
ACCUMULATED FUNDS B/F
ACCUMULATED FUNDS C/F|**Notes**|**Unrestricted**
**Funds**
**£**
59,256
NIL
**59,256**
1,340
41,298
12,885
**55,523**
**3,733**
NIL
3,733
87,881
**91,614**|**Restricted**|**Restricted**|**Endowment**
**Funds**
**£**
NIL
NIL
**NIL**
NIL
NIL
NIL
**NIL**
NIL
NIL
NIL
NIL
**NIL**|**2023**
**2022**
**£**
**£**
59,256
76,705
NIL
NIL
**59,256**
**76,705**
1,340
100
41,298
37,836
12,885
7,223
**55,523**
**45,159**
**3,733**
**31,546**
NIL
NIL
3,733
31,546
87,881
56,335
**91,614**
**87,881**
**Total Funds**|**Total Funds**|**Total Funds**|
|---|---|---|---|---|---|---|---|---|
|||||**Funds**||||**2022**
**£**
76,705
NIL
**76,705**|
||(2)
(3)
(3a)
(3b)
(3c)|||**£**
NIL
NIL
**NIL**
NIL
NIL
NIL
**NIL**
NIL
NIL
NIL
NIL
**NIL**|||||
|||||||||100
37,836
7,223
**45,159**|
|||||||||**31,546**|
|||||||||NIL
31,546
56,335|
|||||||||**87,881**|
**Page 5**
**CELESTIAL CHURCH OF CHRIST (WEST LONDON) BALANCE SHEET AS AT 28 FEBRUARY 2023**
|**FIXED ASSETS**
Tangible Assets
**CURRENT ASSETS**
Debtors & Prepayments
Cash
Bank 1 - NATWEST
Bank 2 (Deposit Building Account) - METRO BAN
**CURRENT LIABILITIES**
Creditors and Accruals
Bank Overdraft
**UNRESTRICTED FUNDS**
Capital Fund:
Accumulated Funds b/f
Excess Income/(Deficits)|**Notes**
6
4
4
5|**2023**
**£**
**£**
5,712
3,000
0
47,463
34,617
90,792
5316
0
(5,316)
**85,476**
81,743
3,733
**85,476**
**Unrestricted Funds**
|**2023**
**£**
**£**
5,712
3,000
0
47,463
34,617
90,792
5316
0
(5,316)
**85,476**
81,743
3,733
**85,476**
**Unrestricted Funds**
|**Unrestricted Funds**|**Unrestricted Funds**|
|---|---|---|---|---|---|
||||**2023**
**£**
5,712
3,000
0
47,463
34,617
5316
0
81,743
3,733|**2022**
**£**
4,166
0
658
55031
27114
5226
0
50,197
31,546|**£**
86,969
(5,226)|
||||||**81,743**
**81,743**|
APPROVED BY THE BOARD OF TRUSTEES ON ……………………………………………........
AND SIGNED ON THEIR BEHALF BY ………………………………………………………..........
Signed ……………………………………………….
The notes on pages 7 to 9 form part of these financial statements.
## **Page 6**
## **CELESTIAL CHURCH OF CHRIST (WEST LONDON) NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 28 FEBRUARY 2023**
**1 ACCOUNTING POLICIES**
**a.** The accounts are prepared under the historical cost convention with the exception of investments which are stated at market value. They comply with the requirements of Statement of Recommended Practice 'Accounting Charities' ('SORP') and are in accordance with applicable accounting standards.
- **b.** General accumulated funds are unrestricted funds available to the church for its general purposes and include funds designated by the Church for a particular purpose; the use of such designated funds remains at the discretion of the Church's Trustees.
- **c.** There is no Restricted Fund at the moment.
- **d.** The governance, management and administration expenses reported in note 3 relate to the whole of the Church's activities and a proportion of these charges are allocated to expenditure headings on a basis consistent with the use of the resources.
- **e.** Investments are stated at market value. It is the Church's policy to keep valuations up to date such that when investments are sold there is no gain or loss arising to previous years.
- **f.** Tangible assets are included at cost and depreciation is provided on a straight line basis, in order to write off the assets over their useful lives.
- **g.** All expenditure is accounted for on an Accrual Basis. The depreciation rates are as follows:Musical Equipment 10% Equipment, Furniture & Fittings 10% Computer and Accessories 10%
## **2**
|**2**||||||||
|---|---|---|---|---|---|---|---|
|**INCOMING RESOURCES**
Offering
Tithes & Appeal
Thanksgiving and Harvest
Building Fund
Other Income (Donation)
Imeko
GiftAid Repayment
**TOTAL INCOMING RESOURCES**|**Unrestricted**
**Funds**
**£**
8,917
28,842
5,537
7,518
7,001
1,441
0
**59,256**|**Restricted**||**Endowment**||**Total Funds**
**2023**
**2022**
**£**
**£**
8,917
13,334
28,842
32,070
5,537
6,178
7,518
7,704
7,001
7,522
1,441
2,070
0
7,827
**59,256**
**76,705**|**2022**|
||||**Funds**||**Funds**|||
||||**£**
NIL
NIL
NIL
NIL
NIL
NIL
NIL
**NIL**||**£**
NIL
NIL
NIL
NIL
NIL
NIL
NIL
**NIL**|||
## **Page 7**
## **CELESTIAL CHURCH OF CHRIST (WEST LONDON) NOTES TO THE FINANCIAL STATEMENTS (CONTD.) FOR THE YEAR ENDED 28 FEBRUARY 2023**
|**Unrestricted**
**Funds**
**£**|**Restricted**|**Restricted**|**Endowment**
**Total Funds**
**Funds**
**2023**
**£**
**£**|**Endowment**
**Total Funds**
**Funds**
**2023**
**£**
**£**|**2022**|
|---|---|---|---|---|---|
|||**Funds**||**Funds**
**£**||
|||**£**|||**£**|
**3. RESOURCES EXPENDED**
|**3a.**
_Missionary and charitable giving:_
**3b.**
_Activities directly relating to the work of the Church_
Church - running expenses
Church maintenance
Harvest
Upkeep of Churchyard
Evangelism
Welfare/Bazaar
**3c.**
_Church management and administration_
Administration & Depreciation
Professional Fee
Bank Charges for year
**TOTAL RESOURCES EXPENDED**|1,340
NIL
NIL
**1,340**
**NIL**
**NIL**
22,684
NIL
NIL
2,673
NIL
NIL
7,317
NIL
NIL
NIL
NIL
NIL
4,022
NIL
NIL
4,602
NIL
NIL
**41,298**
**NIL**
**NIL**
12,030
NIL
NIL
840
NIL
NIL
15
NIL
NIL
**12,885**
**NIL**
**NIL**
**55,523**
**NIL**
**NIL**|1,340
100
**1340**
**100**
22,684
31,583
2,673
2,241
7,317
NIL
NIL
NIL
4,022
722
4,602
3,290
**41,298**
**37,836**
12,030
6,473
840
750
15
0
**12,885**
**7,223**
**55,523**
**45,159**|
|---|---|---|
**Page 8**
## **CELESTIAL CHURCH OF CHRIST (WEST LONDON) NOTES TO THE FINANCIAL STATEMENTS (CONTD.) FOR THE YEAR ENDED 28 FEBRUARY 2023**
|**4 **
**5 **|**BANK BALANCES**
NATWEST BANK - Account no 50613979
METRO BANK - Account no 11537316
**CREDITORS AND ACCRUALS**
Creditors and Accruals
Bank Overdraft|**2023**
**£**
55,031
27,114
5226
0|**£**
**82145**|**2022**
**£**
**£**
55,031
27,114
**82145**
5226
0|
|---|---|---|---|---|
**5226**
**5226**
## **6 FIXED ASSET**
|Cost
Additions:
Dep B/F
Charge for the year
**NBV at 2023**
**NBV at 2022**|**Equipment**
**Furniture**
**Fittings**
**£**
2,400
1,969
**4,369**
2,400
197
**2,597**
**1,772**
**0**|**Musical**
**Instrument**
**£**
9,709
0
**9,709**
5,929
971
**6,900**
**2,809**
**3,780**|**Computer&**|**Computer&**|
|---|---|---|---|---|
|||||**Accessories**|
|||||**£**
1,938
849
**2,787**
1,552
104
**1,656**
**1,131**
**386**|
## **7 FUNDS**
Unrestricted funds comprise those funds which the trustees are free to use in accordance with the charitable objectives.
This is an incorporated charity, constituted by trust deed. It's principal objective is spreading the word and preaching the Gospel of Christ and the life after life and to contribute to the health and educational needs of the community. It has unrestricted funds. It prepares its accounts in accordance with the Companies Act 2006 and SORP.
**Page 9**
## **CELESTIAL CHURCH OF CHRIST(WEST LONDON) FINANCIAL STATEMENT FOR THE YEAR ENDED 28 FEBRUARY 2023**
|**CONTENTS**
**1. CHARITY INFORMATION**
**2. ACCOUNTANTS’ REPORT**
**3. REPORT OF THE TRUSTEES**
**4. BALANCE SHEET**
**5. INCOME AND EXPENDITURE ACCOUNT**
**6. NOTES TO THE ACCOUNTS**|**PAGES**|
|---|---|
||**1**
**2**
**3-4**
**5**
**6**
**7-9**|
## **CELESTIAL CHURCH OF CHRIST(WEST LONDON) CHARITY INFORMATION FOR THE YEAR ENDED 28 FEBRUARY 2023**
**CHARITY NUMBER:** 1023139
**REGISTERED OFFICE:** Streatham Manor Hall 3 Station Approach London – SW16 6HW
## **BANKERS**
NatWest Bank Metro Bank
## **ACCOUNTANTS:**
Colinson and Company Ltd. Accountants & Tax Consultants 210 Church Road, Room 113 Regent 88 Offices Leyton, London E10 7JQ
**Page 1**
## **ACCOUNTANTS’ REPORT TO THE TRUSTEES OF CELESTIAL CHURCH OF CHRIST WEST LONDON FOR THE YEAR ENDED 28 FEBRUARY 2023**
We have examined the financial statements on pages 5 to 9 which have been prepared under the accounting policies set out on page 4 for the year ended 28 February 2023.
## **Respective responsibilities of Trustees and Examiner**
The Trustees are responsible for the preparation of accounts, and they consider that an audit is not required for this year (under section 43(2) of the Charities Act 1993 (the 1993 Act) and that an independent examination is needed.
It is our responsibility to
- Examine the accounts (under section 43(3)(a) of the 1993 Act);
- To follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 43(7)(b) of the 1993 Act); and
- To state whether particular matters have come to my attention.
## **Basis of Opinion**
We conducted our examination in accordance with the General Directions given by the Charity Commissioners. 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 we do not express an audit opinion on the view given by the accounts.
## **Opinion**
In connection with the examination, no matter has come to my attention:
- (a) which gives me reasonable cause to believe that in any material respect the requirements
- to keep accounting records in accordance with section 41of the 1993Act;
- and
- to prepare accounts which accord with the accounting records and comply
- with the accounting requirements of the 1993 Act. have not been met: or
- (b) to which, in my opinion , attention should be drawn in order to enable a proper understanding of the accounts to be reached.
**COLINSON AND COMPANY LTD 210 CHURCH ROAD, ROOM 113 ACCOUNTANTS & TAX REGENT 88 OFFICES, LEYTON CONSULTANTS LONDON – E10 7JQ**
**DATE ..............................…............ Page 2**
**CELESTIAL CHURCH OF CHRIST WEST LONDON REPORT OF THE TRUSTEES FOR THE YEAR ENDED 28 FEBRUARY 2023**
The Trustees present their report along with the financial statements of the charity for the year ended 28 February 2023. The financial statements have been prepared in accordance with the accounting policies set out on page 4 and comply with the charity’s trust deed and applicable below.
## **Constitution and objects**
The Celestial Church of Christ (Southwest London) is constituted under a trust deed and is a registered charity number 1023139.
The objects of the charity are worshipping of God, spreading the word and preaching the Gospel of Christ and the life after. To contribute to the health and educational needs of the community. Counselling Single Pervert, sick and vulnerable people.
## **Organisation**
The trustees who have served during the year and since the year end are set out below:-
Rev. Ebenezer Benjamin Fadoju Mr. Kola Adetunji Mrs. Comfort Ogunnaike Mrs Fadeke Orimolade Mr Adetola Odekanmi Mr Akanbi Zaccheaus
## **Reserves Policy**
It is the policy of the charity to maintain unrestricted funds, which are the free reserves of the charity, at a level which equates to approximately six months unrestricted expenditure. This provides sufficient funds to cover management and administration and support costs and to respond to emergency applications for grants which arise from time to time. Unrestricted funds were maintained at this level throughout the year.
## **Risk Management**
The Trustees have examined the major strategic, business and operational risks which the charity faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks.
**Page 3**
**CELESTIAL CHURCH OF CHRIST WEST LONDON REPORT OF THE TRUSTEES (CONTD.) FOR THE YEAR ENDED 28 FEBRUARY 2023**
## **Trustees’ responsibilities in relation to the financial statements**
Law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year, which gives a true and fair view of the charity’s financial activities during the year and of its financial position at the end of the year. In preparing those financial statements, the trustees are required to: -
- Select suitable accounting policies and then apply them consistently;
- Make judgements and estimates that are reasonable and prudent;
- State whether applicable accounting standards and statements of recommended practice have been followed subject to any departures disclosed and explained in the financial statements; and
- Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the trustees and signed on their behalf by:
**………………………………................................SIGN..............................................**
**Date ………………………….**
**Page 4**