REGISTERED CHARITY NUMBER: 1026780
REPORT OF THE TRUSTEES AND
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
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 2021
| 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 9 |
| Detailed Statement of Financial Activities | 10 to 11 |
CELESTIAL CHURCH OF CHRIST WHITE CITY PARISH
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021
The trustees present their report with the financial statements of the charity for the year ended 31 December 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
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 N AKIN-AGBENI MRS E M MORAFA MRS R AKINIYI L YEMITAN
Approved by order of the board of trustees on 31 October 2022 and signed on its behalf by:
A AFOLABI - Trustee
Page 1
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CELESTIAL CHURCH OF CHRIST WHITE CITY PARISH
Independent examiner's report to the trustees of CELESTIAL CHURCH OF CHRIST WHITE CITY PARISH
I report to the charity trustees on my examination of the accounts of the CELESTIAL CHURCH OF CHRIST WHITE CITY PARISH (the Trust) for the year ended 31 December 2021.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
E H TURKSON ACMA Hesse Armah 456 High Road Leyton London E10 6QE
31 October 2022
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CELESTIAL CHURCH OF CHRIST WHITE CITY
PARISH
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021
| 2021 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 155,258 Investment Income 2 125 Total 155,383 EXPENDITURE ON Charitable activities CHARITABLE 119,130 NET INCOME 36,253 RECONCILIATION OF FUNDS Total funds brought forward 663,831 TOTAL FUNDS CARRIED FORWARD 700,084 |
2020 Total funds £ 164,275 101 164,376 92,604 71,772 592,059 663,831 |
|---|---|
The notes form part of these financial statements
Page 3
CELESTIAL CHURCH OF CHRIST WHITE CITY
PARISH
BALANCE SHEET 31 DECEMBER 2021
| Notes FIXED ASSETS Tangible assets 5 CURRENT ASSETS Cash at bank CREDITORS Amounts falling due within one year 6 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 7 NET ASSETS FUNDS 9 Unrestricted funds TOTAL FUNDS |
2021 Unrestricted fund £ 607,839 93,745 (1,500) 92,245 700,084 - 700,084 700,084 700,084 |
2020 Total funds £ 612,759 67,494 (4,401) 63,093 675,852 (12,021) 663,831 663,831 663,831 |
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 31 October 2022 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 2021
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. 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 particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular 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.
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CELESTIAL CHURCH OF CHRIST WHITE CITY PARISH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
2. INVESTMENT INCOME
| INVESTMENT INCOME | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Bank Interest Receivable | 125 | 101 |
3. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020.
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020.
4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
| Unrestricted | |
|---|---|
| fund | |
| £ | |
| INCOME AND ENDOWMENTS FROM | |
| Donations and legacies | 164,275 |
| Investment Income | 101 |
| Total | 164,376 |
| EXPENDITURE ON | |
| Charitable activities | |
| CHARITABLE | 92,604 |
| NET INCOME | 71,772 |
| RECONCILIATION OF FUNDS | |
| Total funds brought forward | 592,059 |
| TOTAL FUNDS CARRIED FORWARD | 663,831 |
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CELESTIAL CHURCH OF CHRIST WHITE CITY PARISH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
5. TANGIBLE FIXED ASSETS
| Improvements Freehold to Plant and Motor property property machinery vehicles £ £ £ £ COST At 1 January 2021 and 31 December 2021 441,984 146,175 51,051 17,978 DEPRECIATION At 1 January 2021 - - 26,701 17,728 Charge for year - - 4,870 50 At 31 December 2021 - - 31,571 17,778 NET BOOK VALUE At 31 December 2021 441,984 146,175 19,480 200 At 31 December 2020 441,984 146,175 24,350 250 6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2021 £ Bank loans and overdrafts (see note 8) - Other creditors 1,500 1,500 7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR 2021 £ Bank loans (see note 8) - 8. LOANS An analysis of the maturity of loans is given below: 2021 £ Amounts falling due within one year on demand: Bank loans - Amounts falling between one and two years: Bank loans - 1-2 years - |
Totals £ 657,188 44,429 4,920 49,349 607,839 612,759 2020 £ 3,001 1,400 4,401 2020 £ 12,021 2020 £ 3,001 12,021 |
Totals £ 657,188 44,429 4,920 49,349 607,839 612,759 2020 £ 3,001 1,400 4,401 2020 £ 12,021 2020 £ 3,001 12,021 |
|---|---|---|
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CELESTIAL CHURCH OF CHRIST WHITE CITY PARISH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
9. MOVEMENT IN FUNDS
| At 1.1.21 £ Unrestricted funds General fund 663,831 TOTAL FUNDS 663,831 Net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 155,383 TOTAL FUNDS 155,383 Comparatives for movement in funds At 1.1.20 £ Unrestricted funds General fund 592,059 TOTAL FUNDS 592,059 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 164,376 TOTAL FUNDS 164,376 |
Net movement At in funds 31.12.21 £ £ 36,253 700,084 36,253 700,084 Resources Movement expended in funds £ £ (119,130) 36,253 (119,130) 36,253 Net movement At in funds 31.12.20 £ £ 71,772 663,831 71,772 663,831 Resources Movement expended in funds £ £ (92,604) 71,772 (92,604) 71,772 |
|---|---|
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CELESTIAL CHURCH OF CHRIST WHITE CITY PARISH
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021
9. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund TOTAL FUNDS |
At 1.1.20 £ 592,059 592,059 |
Net movement in funds £ 108,025 108,025 |
At 31.12.21 £ 700,084 700,084 |
|---|---|---|---|
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Unrestricted funds General fund TOTAL FUNDS |
Incoming resources £ 319,759 319,759 |
Resources Movement expended in funds £ £ (211,734) 108,025 (211,734) 108,025 |
|---|---|---|
10. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2021.
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CELESTIAL CHURCH OF CHRIST WHITE CITY PARISH
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021
| INCOME AND ENDOWMENTS Donations and legacies Donations and Collections Grants Investment income Bank Interest Receivable Total incoming resources EXPENDITURE 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 Support costs Finance Bank charges |
2021 £ 155,258 - 155,258 125 155,383 20,500 3,000 17,550 2,350 4,756 3,369 305 2,500 8,745 953 2,641 10,542 4,986 350 10,578 352 1,443 1,550 111 5,008 2,553 2,450 4,870 50 1,126 112,638 442 |
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 85,101 547 |
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This page does not form part of the statutory financial statements
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CELESTIAL CHURCH OF CHRIST WHITE CITY
PARISH
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021
| Finance Governance costs Accountancy Legal and Professional Fees Total resources expended Net income |
2021 £ 1,500 4,550 6,050 119,130 36,253 |
2020 £ 1,400 5,556 6,956 92,604 71,772 |
|---|---|---|
This page does not form part of the statutory financial statements
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