2025-02-28-accounts - Celestial Church Of Christ, West London Parish

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CELESTIAL CHURCH OF CHRIST (WEST LONDON) FINANCIAL STATEMENT FOR THE YEAR ENDED 28 FEBRUARY 2025

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 2025

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 2025

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 2025.

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 ..............................…............

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CELESTIAL CHURCH OF CHRIST WEST LONDON REPORT OF THE TRUSTEES FOR THE YEAR ENDED 28 FEBRUARY 2025

The Trustees present their report along with the financial statements of the charity for the year ended 28 February 2025. 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 laws 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 Mrs 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.

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CELESTIAL CHURCH OF CHRIST WEST LONDON REPORT OF THE TRUSTEES (CONTD.) FOR THE YEAR ENDED 28 FEBRUARY 2025

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 2025

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 £ 86 991 NIL 86 991 1 030 32 266 18 765 52 061 34 930 NIL 34 930 114 685 149 615	Restricted	Total Funds
		Funds	2024 £ 90 139 NIL 90 139
(2) (3) (3a) (3b) (3c)		£ NIL NIL NIL NIL NIL NIL NIL NIL NIL NIL NIL NIL
			400 33 786 23 011
			57 197
			32 942
			NIL 32 942 81 743
	149

Page 5

CELESTIAL CHURCH OF CHRIST (WEST LONDON) BALANCE SHEET AS AT 28 FEBRUARY 2024

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	2025 Notes £ £ 6 5 809 3 630 0 4 102 246 4 46 839 158 524 5 5176 0 (5 176) 153 348 Unrestricted Funds	2024 £ £ 5 545 200 889 65 397 51 703 123 734 5316 0 (5 316) 118 418 Unrestricted Funds	Unrestricted Funds

Capital Fund:

UNRESTRICTED FUNDS

Accumulated Funds b/f 118 418 85 476 Excess Income/(Deficits) 34 930 32 942 153 348 118 418

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 2025

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 £ 7 462 38 105 7 128 7 751 8 021 1 915 16 609 86 991	Restricted		Endowment Funds £ NIL NIL NIL NIL NIL NIL NIL NIL	Total Funds 2025 £ 7 462 38 105 7 128 7 751 8 021 1 915 16 609 86 991	2024 £ 7 854 37 576 6 030 17 086 7 017 1 771 12 805
			Funds
			£ NIL NIL NIL NIL NIL NIL NIL NIL
						90 139

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CELESTIAL CHURCH OF CHRIST (WEST LONDON)

NOTES TO THE FINANCIAL STATEMENTS (CONTD.) FOR THE YEAR ENDED 28 FEBRUARY 2025

Unrestricted Funds £ 3. RESOURCES EXPENDED 3a. Missionary and charitable giving: 1 030 1 030 3b. Activities directly relating to the work of the Church Church - running expenses 25 546 Church maintenance 1 236 Harvest 1 946 Upkeep of Churchyard NIL Evangelism 837 Welfare/Bazaar 2 701 32 266 3c. Church management and administration Administration & Depreciation 17 760 Professional Fee 900 Bank Charges for year 105 18 765 TOTAL RESOURCES EXPENDED 52 061	Restricted	Restricted	Endowment Total Funds Funds 2025 2024 £ £ £ NIL 1 030 400 NIL 1030 400 NIL 25 546 23 514 NIL 1 236 3 765 NIL 1 946 3 225 NIL NIL NIL NIL 837 882 NIL 2 701 2 400 NIL 32 266 33 786 NIL 17 760 22 171 NIL 900 840 NIL 105 0 NIL 18 765 23 011 NIL 52 061 57 197	Endowment Total Funds Funds 2025 2024 £ £ £ NIL 1 030 400 NIL 1030 400 NIL 25 546 23 514 NIL 1 236 3 765 NIL 1 946 3 225 NIL NIL NIL NIL 837 882 NIL 2 701 2 400 NIL 32 266 33 786 NIL 17 760 22 171 NIL 900 840 NIL 105 0 NIL 18 765 23 011 NIL 52 061 57 197
		Funds		Funds £ NIL NIL NIL NIL NIL NIL NIL NIL NIL NIL NIL NIL NIL NIL
		£ NIL NIL NIL NIL NIL NIL NIL NIL NIL NIL NIL NIL NIL NIL

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4 5 6	CELESTIAL CHURCH OF CHRIST (WEST LONDON) NOTES TO THE FINANCIAL STATEMENTS (CONTD.) FOR THE YEAR ENDED 28 FEBRUARY 2025 2025 £ £ BANK BALANCES NATWEST BANK - Account no 50613979 102 246 METRO BANK - Account no 11537316 46 839 149 085 00 CREDITORS AND ACCRUALS Creditors and Accruals 5176 Bank Overdraft 0 5176 FIXED ASSET Equipment Musical Furniture Instrument Fittings £ £ Cost 5 575 9 709 Additions: 0 1 819 5 575 11 528	2024 £ £ 65 397 51 703 117 100 00 5316 0 5316 Computer& Accessories £ 2 787 0 2 787	2024 £ £ 65 397 51 703 117 100 00 5316 0 5316 Computer& Accessories £ 2 787 0 2 787
			5316 Computer&
			Accessories £ 2 787 0 2 787

Dep B/F Charge for the year NBV at 2025 NBV at 2024	2 895 298 3 193 2 382 2 680	7 871 1 760 1 153 104 9 024 1 864 2 504 923 1 838 1 027

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.

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