Registered Charity Number 1042417 (England and Wales) HARTON STREET PARISH OF CELESTIAL CHURCH OF CHRIST ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023
HARTON STREET PARISH OF CELESTIAL CHURCH OF CHRIST Contents Page For the year ended 31 December 2023 Pag8 Charity's Details. Legal and Administrative Information Trustees, Report Independent Examiners, Report Payment and Receipts statement of Assets and Liabilities
HARTON STREET PARISH OF CELESTIAL CHURCH OF CHRIST Charity's Details, Legal and Administrative Information For the year ended 31 December 2023 Charity Name Harton Street Parish of Celestial Church of Christ Registered Charity Number 1042417 Principal Address 8 Harton Street Deptford London, SE8 4DQ Trustees The trustees of the charity who served during the year up to the date of this report were: Olafusi Meroyi. Chairman (appointed on 16 June 2024) Johnson Okunade. (appointed on 16 June 2024) Olubukola Solomon Oladoke. (appointed on 16 June 2024) stephen Joseph, (appointed on 16 June 2024) Mogbonjubola Sehindemi. (appointed on 16 June 2024) Cynthia Fashina, (appointed on 16 June 2024) Atinuke Ayodele, (appointed on 16 June 2024) Gbolabo Shaba. (resigned on 16 June 2024) Ayo Adepegba (resigned on 16 June 2024) Funmi Ademilua (resigned on 16 June 2024) Teniola Sosimi (resigned on 16 June 2024) Sogo Fasohiro (resigned on 16 June 2024) James Famolu (resigned on 16 June 2024) Uriel Abe (resigned on 16 June 2024) Bank6r8 Barclays Bank 1 Churchill Place London, E14 5HP Accountant8 SIDIC Accountants Limited First Floor 1 Plumstead Road London, SE18 7BZ
HARTON STREET PARISH OF CELESTIAL CHURCH OF CHRIST Trust88'8 Report For the year endod 31 December 2023 The Trustees presented their report along with the financial statement of the charity for the year ended 31 December 2023. The financial statements comply with the charity's constitution, applicable law and requirements of the Statement Recommended Practice (SORP 2005) "accounting and reporting by charities.. StstU8 and object8 The Church is a registered charity established to use its income for pursuit of its objects. The governance of Harton Street Parish of Celestial Church of Christ is vested in its trustees. The membership retains unto itself the right of exclusive self-government in all phases of its life and organisation. It recognises the needs for mutual counsel and cooperation which are common among Celestial Church of Christ churches. The Church will cooperate with and mutually work with other organisations, its members. and Celestial Church of Christ world-wide parishes to pursue its objects which are. a) The advancement of the Christian religion by propagating the Gospel of Jesus Christ in accordan with the tenets of Celestial Church of Christ through evangelism, education and training, induding printing. publishing. distributing and circulating books. journals and other materials which in the opinion of the trustees would enable achievement of this object. b) To provide for the relief of members of the Celestial Church of Christ who are in need. c) To advance the education of members of the Celestial Church of Christ and to provide social welfare and facilities for recreation and leisure time occupation wtth the aim of improving the conditions of life of such members. d) Harton Street Parish to be weWare centred charitable organisation which caters for its members and the community at large. e) The Church is not. and shall not be registered. under the Marriage (Same Sex Couples) Act 2013 Section 43 for the purpose or in order that, a same marriage ceremony could take place in the Church building. Risk Management Statement The Trustees are aware of the major risks to which the church is exposed and consider that, having regards to the scale and nature of its operations, the current system of controls is effective. taking into considerats'on the following. Health and safety policy is being reviewed in line with changes in regulations. A Child Protection policy has been adopted by the church. Adequate Insuran cover is taken on building contents and public liability. Organisational structure, governance and management The church is govemed by a Board of Trustees. who are elected to serve the Church and run its affairs. Annually the Board reviews the range of skills it has available and uses its power of co-option to ensure that gaps are filled. These are normally members of the church who are volunteers.
HARTON STREET PARISH OF CELESTIAL CHURCH OF CHRIST Trust88's Report (continued) For the year ended 31 December 2023 Method of appointment or election of Trustees Trustees are appointed by nomination of interested church members and subsequently voted into office to serve a two-year renewable temi. Activities and achievements The Board of Trustees has considered the Charity Commission guidance on public interest benefit in the principal activities of the church. In the year under review, the Church encouraged and welcomed members of the community to live out their faith by providing a place of worship and fellowship. It offers various community events and activities to facilitate relief for persons in condition of need, hardship or distress by demonstrating the love and spirÉtual power of our Lord Jesus Christ through: ministerial outreach. relevant practical helps, communty education. musical concerts, youth mentoring, bible teaching, community day, worship and fellowship. Review of activitie8 The church celebrated its Annual Harvest during the year in August 2023 and the Children's Week. These programs attracted an average cumulative of 2,150 participants from various ethnic backgrounds in London, outside London within England and Nigeria. Charitable activities which were organised for the largely migrant community indudes: Periodical visit to Old People's homes e.g.. Lewisham Old People's Home and Club 99 in Deptford b} Counselling c) Visit to prison d) The church participates actively in the meetinglactivities of the Local Residents Association. e) Visit to homeless in the city of London Review of finances As shown in the financial report. the Charity's income from member donations in the fi'nancial year ended 31 December 2023 was £68,506 (2022: £85,807); total payments made by the Charity amounted to £71,492 {2022. £48.639) leaving net payments of £2,986 (2022: net receipts of £37.168). Total cash funds at the year ended 31 December 2023 was £60.990 (2022: £63,976). Celestial Church of Christ funds are held in interest-bearing funds with its bankers. A motor vehicle was purchased during the year at a cost of £16.582 as shown under asset and investment purchases. and this accounts for the usage of the operational surplus. Reserves Policy This will provide sufficient funds to Gover the church overhead and its objectives and to improve membership attendant. It is the policy of the church to retain unrestricted funds at a level that will not constrain its financial commitment. This will provide sufficient funds to cover the church overhead and its objectives. Plans for the future To Develop the Vicarage and have a counselling room for women abused by their partner and set up a computer room which facilitate leaming- to change the air condition system in the main church and instruments of the Choir.
HARTON STREET PARISH OF CELESTIAL CHURCH OF CHRIST Trustee's Report (continued) For the year ended 31 December 2023 Trustees, respon8ibilities in relation to th8 financial attount The Trustees are responsible for preparation of financial statements that give a true and fair view of the state of affairs of the Church and of the receipts and payments for the reporting period. In preparing those accounts the trustees are required to". Select suitable accounting policies and apply them consistently Make judgements and estimates that are reasonable and prudent Prepare the accounts on the going concern basis unless it is inappropriate to presume that the chanty will continue in operation The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy the financial position of the charity. 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. Reporting Accountsnts SIDIC Accountants who were appointed as the Charity's reporting accountants and Independent Examiner on 3 Novetnber 2023 have indicated their willingness to continue in offi. Approved by order of the members of the Board of TrUStS and signed on their behalf by: Olafusi Meroyi Chairman. Board of Trustees Date approved: 6 October 24
HARTON STREET PARISH OF CELESTIAL CHURCH OF CHRIST Independent Examiners, Report For the y8ar endad 31 Docember 2023 Indepandent Examiners, Raport to the Trustee8 of Harton Street Parish of Calestial Church of Christ I report on the financial statements of Harton Street Parish of the Celestial Church of Christ for the year ended 31 December 2023. which are set out on pages 8 to 9. R88PaCtive Re8ponsibilitio8 of the Trustees and Examiner The charitys Trustees are responsible for the preparation of the financial statements. The charity's Trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 {the 2011 Act)) and that an independent examination is needed. It is my responsibility to- 1 . Examine atxounts under section 145 of the 2011 Act. 2. Follow procedures laid down in the general directions given by the Charity Commission under section 145{5){b) of the 2011 Act: and 3. State whether particular matters have come to my attention. Basis of Independent Examiners, Report My examination was carried out in accordan with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from you as Trustees conceming any such matters. The prOdureS undertaken do not provide all the evidence that would be required as to whether the financial statement present a true and fair view and the report is limited to those matters set out in the statement below. Independent Examiners, Ststement In connectton with my examination. no matter has come to my attention: . which gives me reasonable cause to believe that in any material respect the requirements: . to keep accounting records in accordan with section 130 of the 2011 Act. and to prepare financial statements which accord with the accounting rerdS and comply with the accounting requirements of the 2011 Act have not been met., or 2. to which, in my opinion, attention should be drawn in order to enhance a proper understanding of the financial statements. Olajide Obarotimi AFA, FCCA. CFE, MBA (Principal Partner) for and on behalf of SIDIC Accountants Limited 1 Plumstead Road London SE18 7BZ 6 October 2024
HARTON STREET PARISH OF CELESTIAL CHURCH OF CHRIST Payment and Receipts For the y8ar end8d 31 December 2023 Unr•$trietad funds Endowment funds Total fvndts Priory 2022 2023 R•ceipts Tithes. Offerings and Thanksgivirwj Insurance daim Bank interest 68.5¢ 85,807 Sub total 68.506 68,506 85,807 TO1 recelpts Paymwrts Vicars slipendlworker honorwium Church service $tS 12,482 11,745 11482 11.745 10.937 13,452 6.303 1,808 3,548 Light and heating Don&tions and welfarg Insurance 9.635 9,635 5.775 5.176 3.229 5,775 5,176 3.229 PrOfessionaVaccx)unla fees prN5eS . Servi and s1{Y Repairs and m&rrtenan Motoring, travel aTKI subsisterK Telephone and comm. system Sundry axpenses Harvagt event Costs 2.01 1.823 1.753 1,221 71 5.114 1.823 1.753 1.221 71 218 1,661 46 Sub total 940 Improvement to property Plant and machinery Sub total 16.582 Not of r•c•lptsllpaymonts) Tran8f•rs b•tw••n fund• C fund¥ laJt year ond Cash lknds 1Ns y•ar •nd {2.9861 12,9861 37,168 63.976
HARTON STREET PARISH OF CELESTIAL CHURCH OF CHRIST Statement of Assets and Liabilities For the year ended 31 Decembar 2023 Unre8tricted funda D•tslls Endowment funds bjnds Cthsh funds Barelay8 bank: 83155927 Barclays bank: 20246638 Barclays bank: 80636827 Ca•h In hnd 8,954 51.905 131 Total cash fund• Unrn•trl¢t•d lund8 R•3trlctsd fund8 D•tsll• Endowment lund• A•••ts retftlnod forth• charlty'• ovm u•• Lond & Bulldln Plant & Machin Im vement to F1 to which Detalls relats8 Amount due When du• Liabillll•s Un51cted The financial statements were approved and signed on behalf of the Board of Trustees by: Date of approval Name Signature Olafusl Meroyi (Chalrman) 06-Oct-24 Atlnuke Ayodele 06-Oct-24