2022-12-31-accounts

REGISTERED CHARITY NUMBER: 1026780

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022

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 2022

	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 2022

The trustees present their report with the financial statements of the charity for the year ended 31 December 2022. 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 A AFOLABI N AKIN-AGBENI MRS E M MORAFA MRS R AKINIYI L YEMITAN

Approved by order of the board of trustees on 10 December 2023 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

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 CELESTIAL CHURCH OF CHRIST WHITE CITY PARISH (the Trust) for the year ended 31 December 2022.

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:

1. accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or

2. the accounts do not accord with those records; or

3. 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 456 High Road Leyton London E10 6QE

10 DECEMBER 2023

Page 2

CELESTIAL CHURCH OF CHRIST WHITE CITY

PARISH

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022

2022 Unrestricted fund Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 128,813 Investment income 2 265 Total 129,078 EXPENDITURE ON Charitable activities CHARITABLE 111,945 NET INCOME 17,133 RECONCILIATION OF FUNDS Total funds brought forward 700,084 TOTAL FUNDS CARRIED FORWARD 717,217	2021 Total funds £ 155,258 125 155,383 119,130 36,253 663,831 700,084

The notes form part of these financial statements

Page 3

CELESTIAL CHURCH OF CHRIST WHITE CITY

PARISH

BALANCE SHEET 31 DECEMBER 2022

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 NET ASSETS FUNDS 8 Unrestricted funds TOTAL FUNDS	2022 Unrestricted fund £ 603,900 117,709 (4,392) 113,317 717,217 717,217 717,217 717,217	2021 Total funds £ 607,839 93,745 (1,500) 92,245 700,084 700,084 700,084 700,084

The financial statements were approved by the Board of Trustees and authorised for issue on 10 December 2023 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 2022

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 2022

2. INVESTMENT INCOME

INVESTMENT INCOME
	2022	2021
	£	£
Bank Interest Receivable	265	125

3. TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2022 nor for the year ended 31 December 2021.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2022 nor for the year ended 31 December 2021.

4. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

	Unrestricted
	fund
	£
INCOME AND ENDOWMENTS FROM
Donations and legacies	155,258
Investment income	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

Page 6

CELESTIAL CHURCH OF CHRIST WHITE CITY

PARISH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022

5. TANGIBLE FIXED ASSETS

Improvements Freehold to Plant and property property machinery £ £ £ COST At 1 January 2022 and 31 December 2022 441,984 146,175 51,051 DEPRECIATION At 1 January 2022 - - 31,571 Charge for year - - 3,899 At 31 December 2022 - - 35,470 NET BOOK VALUE At 31 December 2022 441,984 146,175 15,581 At 31 December 2021 441,984 146,175 19,480 6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Bank loans and overdrafts (see note 7) Other creditors 7. BANK LOANS AND OVERDRAFTS An analysis of the maturity of loans is given below: Amounts falling due within one year on demand: Bank overdrafts 8. MOVEMENT IN FUNDS At 1.1.22 £ Unrestricted funds General fund 700,084 TOTAL FUNDS 700,084	Motor vehicles £ 17,978 17,778 40 17,818 160 200 2022 £ 2,893 1,499 4,392 2022 £ 2,893 Net movement in funds £ 17,133 17,133	Totals £ 657,188 49,349 3,939 53,288 603,900 607,839 2021 £ - 1,500 1,500 2021 £ - At 31.12.22 £ 717,217 717,217

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CELESTIAL CHURCH OF CHRIST WHITE CITY PARISH

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2022

8. MOVEMENT IN FUNDS - continued

Net movement in funds, included in the above are as follows:

Unrestricted funds General fund TOTAL FUNDS	Incoming resources £ 129,078 129,078	Resources Movement expended in funds £ £ (111,945) 17,133 (111,945) 17,133

Comparatives for movement in funds

At 1.1.21 £ Unrestricted funds General fund 663,831 TOTAL FUNDS 663,831 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 155,383 TOTAL FUNDS 155,383	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

A current year 12 months and prior year 12 months combined position is as follows:

Unrestricted funds General fund TOTAL FUNDS	At 1.1.21 £ 663,831 663,831	Net movement in funds £ 53,386 53,386	At 31.12.22 £ 717,217 717,217

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CELESTIAL CHURCH OF CHRIST WHITE CITY PARISH

NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 31 DECEMBER 2022

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:

Unrestricted funds General fund TOTAL FUNDS	Incoming resources £ 284,461 284,461	Resources Movement expended in funds £ £ (231,075) 53,386 (231,075) 53,386

9. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31 December 2022.

Page 9

CELESTIAL CHURCH OF CHRIST WHITE CITY PARISH

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2022

INCOME AND ENDOWMENTS Donations and legacies Donations and Collections 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 Governance costs Accountancy Carried forward	2022 £ 128,813 265 129,078 20,500 3,000 17,980 2,550 4,865 3,523 362 2,400 8,576 1,124 2,558 11,755 5,003 355 5,587 503 1,570 1,250 86 4,236 3,125 2,680 3,899 40 - 107,527 364 1,500 1,500	2021 £ 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 1,500 1,500

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 2022

Governance costs Brought forward Legal and Professional Fees Total resources expended Net income	2022 £ 1,500 2,554 4,054 111,945 17,133	2021 £ 1,500 4,550 6,050 119,130 36,253

This page does not form part of the statutory financial statements

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