Registered Charlty Number 1042417 (England and Wales) HARTON STREET PARISH OF CELESTIAL CHURCH OF CHRIST ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2024
HARTON STREET PARISH OF CELESTIAL CHURCH OF CHRIST Contents Page For the year ended 31 December 2024 Page 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 Detsils. Legal and Administrative Infomiation For the year ended 31 December 2024 Charity Name Harton Street Parish of Celestial Church of Christ Reglstered Charlty Number 1042417 Prlnclpal Addre88 8 Harton Street Deptford London, SE8 4DQ Trustees The trustees of the charity who seprfed 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, (apFointed on 16 June 2024) Cynthia Fashina, {appointed on 16 June 2024) Atinuke Ayodele, (appointed on 16 June 2024) Gt()labo 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) Bankers Barclays Bank 1 Churchill Place London, E14 5HP Accountants SIDIC Accountants Limited First Floor 1 Plumstead Road London, SE18 7BZ
HARTON STREET PARISH OF CELESTIAL CHURCH OF CHRIST Trustee's Report For the year onded 31 December 2024 The Trustees presented their report along with the financial ststement of the charity for the year ended 31 December 2024. The financial statements comply wrth the charity's constitution, applicable law and requirements of the Statement Recommended Practice {SORP 2005) °accounting and reporting by charities.. Status and objects The Church is a registered charity established to use its income for pursuit of its objects. The govemance 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 vrfork with other organisations, rts members, and Celestial Church of Christ world-wide parishes to pursue rts objects which are. a) The advancement of the Christian religion by propagating the Gospel of Jesus Christ in accordance with the tenets of Celestial Church of Christ through evangelism, education and training, including printing, publishing, distributing and circulab'ng books, joumals and other materHls which in the opinion of the trustees would enable achievement of this object. b) To provide for the relief of members of the Celesb'al Church of Christ who are in need. c) To advan the education of members of the Celestial Church of Christ and to provide social welfare and facilities for recreation and leisure time (xcupation with the aim of improving the conditions of life of such members. d) Harton Street Parish to be welfare nIred 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. Rlsk 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 consideration the following. Health arKI safety policy is being reviewed in line with changes in regulatsons. A Child Protection policy has been adopted by the church. Adequate Insuran cover is taken on building contents and public liability. Organlsatlonal structure, governance and management The church is governed 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 coptIon to ensure that gaps are filled. These are nomially members of the church who are volunteers.
HARTON STREET PARISH OF CELESTIAL CHURCH OF CHRIST Trustoe's Report (continued) For the year ended 31 December 2024 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 term. Actlvrtles and achlevements 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 vafiOUS community events and activities to facilitate relief for persons in condition of need, hardship or distress by demonstrating the love and spiritual power of our Lord Jesus Christ through.. ministerial outreach, relevant practical helps, community education, musical concerts, youth mentoring, bible teaching. community day, worship and fellowship. Revlew of acllvltle8 The church celebrated its Annual Harvest during the year in August 2024 and the Children's Week. These programs attracted an average cumulative of 2,165 participants from various ethnic backgrounds in London, outside London ythin England and Nigeria. Chantable actFVities which were organised for the largely Migrant community includes: PericMJical 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 m*tinglactivÈties of the Local Residents Association. e) Visit to homeless in the cty of London Review of finances As shown in the financial report, the Charity's income from member donations in the financial year ended 31 December 2024 was £75,503 (2023.. £68,506); total payments made by the Charity amounted to £63.655 (2023.. £71.492) leaving net receipts of £11,848 (2023: net payments of £2,986). Total cash funds at the year ended 31 Dember 2024 was £72,838 {2023.' £80,990). Celestial Church of Christ fijnds are held in interest-bearing funds with rts bankers, and this yield an interest amount of £781 during the year. Reserves Pollcy This will provide sufficient funds to cover the church overhead and its objectives and to improve rrembership 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 learning. 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 2024 Trugtges. responsibilities in ralation to the financial account 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 perlod. In preparing those acGounts the trustees are required to: Select surtable accounting policies and apply them consistently Make judgemenls and estimates that are reasonable and prudent Prepare the accounts on tha going concem basis unless it is inappropriate to presume that the charty will continue in operation The Trustees are responsible for keeping proper accounting records which dlsclose 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 preventlon and detection of fraud and other irregularfties. R6POrting Accountsnts SIDIC Accountants who were appointed as the Charlty's reporting accountants and Independent Examiner have indicated their willingness to conlinue in office. Approved by order of the members ol the Board of Trustees and signed on their behalf by: Olafusi Meroyi Chairnjan, Board fT stees Date approved: 8 June 2025
HARTON STREET PARISH OF CELESTIAL CHURCH OF CHRIST Independent Examiners, Report For the year ended 31 December 2024 Independent Examinern, Report to the Trustees of Harton Street Parish of Celestial 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 2024, which are set out on pages 8 to 9. Respedive Responsibllttl88 of the Tru8tee8 and Examlnor The charity's 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 the accounts under section 145 of the 2011 Act,. 2. Follow the procedures laid down in the general directions given by the Charity Commission under section 145{5llb) of the 2011 Act., and 3. State whether particular matters have come to my attention. Basls of Independent Examlners, Report My examination was carried out in accordance vlith 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 concerning any such matters. The prccedures undertaken do not provide all the eviden 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, Statement In connects'on Viith my examination. no matter has come to my attention: 1. which gives me reasonable cause to believe that in any material respect the requ1ments. . to keep accounb'ng records in accordance with section 130 of the 2011 Act: and . to prepare financial statements which accord with the accounting records and compty 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 finanGial statements. Olajide Obarotimi AF& FCCA. CFE, MBA (Principal Partner) for and on behalf of SIDIC Accountants Llmltod 1 Plumstead Road London SE18 7BZ 8 June 2025
HARTON STREET PARISH OF CELESTIAL CHURCH OF CHRIST Payment and Receipts For the year ended 31 December 2024 Unrestrlct8d fvnds Rgstrictèd fund• Endoin•nt lun Totsi fund8 Prlor y•ar 2023 2024 R•eolpts rith•s, offn98 ar#J Thor8g¢virp Inswaw dalm 88r intere8r 74,722 74.722 68,506 781 781 Sub totsl 75.503 75.503 68,sCe Total rK•lpts P•ym•nts Light. water he•ting 12,308 11,185 12,308 11.165 9,635 11.745 2.000 I"uM 6.347 6.347 4,653 12,482 5,176 1,823 3,229 1,221 5,775 Ingjwe 4,653 4.122 Repairs aThJ MaintenCe ProfessKtsVa¢xoJntarq fees Telèphorp and c(mm. system 4,122 4,OCKJ 1,425 4.000 1.425 860 682 1.753 596 71 Trarung PrintirvJ, p)st statK Sub totsl 5CK) A88èt and Investment Purchas•• 8.704 704 ant J M•r Sub totsl 704 Totsl paym•nts N•t of r•e•lpWlpayrn•nt•l Tran•l•r• fvnd# 11,848 11,848 12,9861 Cmh lund luty•ar•nd Cuh lund• ywr •nd
HARTON STREET PARISH OF CELESTIAL CHURCH OF CHRIST ststement of Assets and Liabilities For the year ended 31 December 2024 D•tsil• Uw•strfctsd fund¥ R•strlcted lund• Endovm)ont funds C••h lund• 8arcl•y$ bank: 63155927 Bar¢lay• banK- 20248038 811•y8 bank: 80636827 Ca8h In Thd 9,712 61686 440 Total c••h fund 72.838 Unr••tr1¢t•d fvnd• R••trlct•d lund• Endom•nt funds A8B•t• r•tsln•d for th• ¢h•rlty• u•0 Land & Bulldln Plant & Machln lrn rovem•nt to 208 7fy) ro Flthd to vthich at>ility relatss Deta118 Amount Uabllities Professlonal fees unrtilCted 15 Jung 2025 The financial statements were approved and signed on behalT of the Board of Trustees by: Name Slgnature Date of approval Olafusl Meroyi (Chairman) 8 June 2025 Atlnuke Ayodele 8 June 2025