**REGISTERED CHARITY NUMBER: 1026780**
## **REPORT OF THE TRUSTEES AND**
**FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 FOR**
## **CELESTIAL CHURCH OF CHRIST WHITE CITY**
**PARISH**
**CELESTIAL CHURCH OF CHRIST WHITE CITY PARISH**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
||Page|
|---|---|
|Report of the Trustees|1|
|Independent Examiner's Report|2|
|Statement of Financial Activities|3|
|Balance Sheet|4|
|Notes to the Financial Statements|5 to 8|
|Detailed Statement of Financial Activities|9 to 10|
**CELESTIAL CHURCH OF CHRIST WHITE CITY**
## **PARISH**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020**
The trustees present their report with the financial statements of the charity for the year ended 31 December 2020. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
## **Registered Charity number**
1026780
## **Principal address**
P O BOX 1125 BARKING ESSEX 1G11 7HR
## **Trustees**
M A ONAFUYE
R KING
A. AFOLABI
MRS E M MORAFA MRS R AKINIYI L YEMITAN
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.
## **Risk management**
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
Approved by order of the board of trustees on 2 November 2021 and signed on its behalf by:
A A AFOLABI - Trustee
Page 1
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CELESTIAL CHURCH OF CHRIST WHITE CITY PARISH**
I report on the accounts for the year ended 31 December 2020, which are set out on pages three to eight.
## **Responsibilities and basis of report**
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I have examined your charity's accounts as required under section 145 of the Charities Act 2011 ('the Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
My role is to state whether any material matters have come to my attention giving me cause to believe:
1. that accounting records were not kept as required by section 130 of the Act; or
2. that the accounts do not accord with those records; or
3. that the accounts do not comply with the accounting requirements of the Act; or
4. that there is further information needed for a proper understanding of the accounts.
## **Independent examiner's statement**
I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission I have found no matters that require drawing to your attention.
E H TURKSON ACMA Hesse Armah Accountants 456 High Road Leyton London E10 6QE
Date: 2 NOVEMBER 2021
Page 2
## **CELESTIAL CHURCH OF CHRIST WHITE CITY**
## **PARISH**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020**
|||2020|2019|
|---|---|---|---|
|||Unrestricted|Total funds|
|||fund||
||Notes|£|£|
|**INCOMING RESOURCES**||||
|**Incoming resources from generated funds**||||
|Voluntary income||164,275|173,702|
|Investment income|2|101|91|
|**Total incoming resources**||164,376|173,793|
|**RESOURCES EXPENDED**||||
|**Charitable activities**||||
|CHARITABLE||85,648|95,577|
|**Governance costs**||6,956|5,748|
|**Total resources expended**||92,604|101,325|
|**NET INCOMING RESOURCES**||71,772|72,468|
|**RECONCILIATION OF FUNDS**||||
|**Total funds brought forward**||592,059|519,591|
|**TOTAL FUNDS CARRIED FORWARD**||663,831|592,059|
The notes form part of these financial statements
Page 3
## **CELESTIAL CHURCH OF CHRIST WHITE CITY**
## **PARISH**
## **BALANCE SHEET AT 31 DECEMBER 2020**
|||2020|2019|
|---|---|---|---|
|||Unrestricted|Total funds|
|||fund||
||Notes|£|£|
|**FIXED ASSETS**||||
|Tangible assets|5|612,759|590,015|
|**CURRENT ASSETS**||||
|Cash at bank||67,494|73,283|
|**CREDITORS**||||
|Amounts falling due within one year|6|(4,401)|(4,402)|
|**NET CURRENT ASSETS**||63,093|68,881|
|**TOTAL ASSETS LESS CURRENT**||||
|**LIABILITIES**||675,852|658,896|
|**CREDITORS**||||
|Amounts falling due after more than one year|7|(12,021)|(66,837)|
|**NET ASSETS**||663,831|592,059|
|**FUNDS**|8|||
|Unrestricted funds||663,831|592,059|
|**TOTAL FUNDS**||663,831|592,059|
The financial statements were approved by the Board of Trustees on 2 November 2021 and were signed on its behalf by:
M A ONAFUYE -Trustee
The notes form part of these financial statements
Page 4
**CELESTIAL CHURCH OF CHRIST WHITE CITY**
**PARISH**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **1. 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 April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
## **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.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance Motor vehicles - 20% on reducing balance
## **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.
Restricted funds can only be used for restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Pension costs and other post-retirement benefits**
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
## **2. INVESTMENT INCOME**
||2020|2019|
|---|---|---|
||£|£|
|Bank Interest Receivable|101|91|
## **3. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 December 2020 nor for the year ended 31 December 2019.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 December 2020 nor for the year ended 31 December 2019.
Page 5
**CELESTIAL CHURCH OF CHRIST WHITE CITY**
**PARISH**
## **NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2020**
## **4. STAFF COSTS**
|Wages and salaries
Other pension costs|2020
£
8,576
3,000
11,576|2019
£
6,600
3,000
9,600|
|---|---|---|
## **5. TANGIBLE FIXED ASSETS**
|Freehold
property
Improvements
to property
Plant and
machinery
Motor
vehicles
£
£
£
£
**COST**
At 1 January 2020
441,984
146,175
27,936
17,978
Additions
-
-
23,115
-
At 31 December 2020
441,984
146,175
51,051
17,978
**DEPRECIATION**
At 1 January 2020
-
-
26,393
17,665
Charge for year
-
-
308
63
At 31 December 2020
-
-
26,701
17,728
**NET BOOK VALUE**
At 31 December 2020
441,984
146,175
24,350
250
At 31 December 2019
441,984
146,175
1,543
313
**6.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
2020
£
Bank loans and overdrafts
3,001
Other creditors
1,400
4,401
**7.**
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
2020
£
Bank loans
12,021|Totals
£
634,073
23,115
657,188
44,058
371
44,429
612,759
590,015
2019
£
3,001
1,401
4,402
2019
£
66,837|
|---|---|
|||
Page 6
**CELESTIAL CHURCH OF CHRIST WHITE CITY**
**PARISH**
## **NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2020**
## **8. MOVEMENT IN FUNDS**
|||Net movement||
|---|---|---|---|
||At 1.1.20|in funds|At 31.12.20|
||£|£|£|
|**Unrestricted funds**||||
|General fund|592,059|71,772|663,831|
|**TOTAL FUNDS**|592,059|71,772|663,831|
|Net movement in funds, included in the above are as follows:||||
||Incoming|Resources|Movement in|
||resources|expended|funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|164,376|(92,604)|71,772|
|**TOTAL FUNDS**|164,376|(92,604)|71,772|
|**Comparatives for movement in funds**||||
|||Net movement||
||At 1.1.19|in funds|At 31.12.19|
||£|£|£|
|**Unrestricted Funds**||||
|General fund|519,591|72,468|592,059|
|**TOTAL FUNDS**|519,591|72,468|592,059|
|Comparative net movement in funds, included in the above are as follows:||||
||Incoming|Resources|Movement in|
||resources|expended|funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|173,793|(101,325)|72,468|
|**TOTAL FUNDS**|173,793|(101,325)|72,468|
|A current year 12 months and prior year 12 months combined position is as follows:||||
|||Net movement||
||At 1.1.19|in funds|At 31.12.20|
||£|£|£|
|**Unrestricted funds**||||
|General fund|519,591|144,240|663,831|
|**TOTAL FUNDS**|519,591|144,240|663,831|
Page 7
**CELESTIAL CHURCH OF CHRIST WHITE CITY**
**PARISH**
## **NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 DECEMBER 2020**
## **8. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
||Incoming|Resources|Movement in|
|---|---|---|---|
||resources|expended|funds|
||£|£|£|
|**Unrestricted funds**||||
|General fund|338,169|(193,929)|144,240|
|**TOTAL FUNDS**|338,169|(193,929)|144,240|
Page 8
**CELESTIAL CHURCH OF CHRIST WHITE CITY**
**PARISH**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020**
|**INCOMING RESOURCES**
**Voluntary income**
Donations and Collections
Gift aid
Grants
**Investment income**
Bank Interest Receivable
**Total incoming resources**
**RESOURCES EXPENDED**
**Charitable activities**
Wages
Pensions
Rates and water
Insurance
Light and heat
Telephone
Postage and stationery
Pastoral Fund Contribution
Missions and Donations
Sundry Equipment
Spiritual Items
Functions and Events
Travel and Transport
Subscriptions
Building Repairs
Cleaning
Security
Visiting Pastors
Sundry Expenses
Repairs and Renewals
Choir Expenses
Welfare
Plant and machinery
Motor vehicles
Bank interest
**Governance costs**
Accountancy
Legal and Professional fees|2020
£
161,822
-
2,453
164,275
101
164,376
8,576
3,000
17,256
2,266
4,725
3,472
265
2,500
9,161
882
2,449
9,150
5,015
384
4,853
306
742
1,420
75
4,532
1,474
1,000
308
63
1,227
85,101
1,400
5,556
6,956|2019
£
135,524
38,178
-
173,702
91
173,793
6,600
3,000
15,883
2,510
5,353
2,885
326
7,290
12,529
412
5,072
10,879
4,643
1,166
3,552
326
1,141
3,530
121
2,141
1,599
-
386
78
2,215
93,637
1,400
4,348
5,748|
|---|---|---|
## **Support costs**
This page does not form part of the statutory financial statements
Page 9
**CELESTIAL CHURCH OF CHRIST WHITE CITY**
**PARISH**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020**
|**Finance**
Bank charges
**Total resources expended**
**Net income**|2020
£
547
92,604
71,772|2019
£
1,940
101,325
72,468|
|---|---|---|
This page does not form part of the statutory financial statements
Page 10