Registered number 1048030
CELESTIAL CHURCH OF CHRIST
Report and Accounts
31 May 2021
CELESTIAL CHURCH OF CHRIST (CONVENANT OF GOD) Report and accounts Contents
| Page | |
|---|---|
| Company information | 1 |
| Trustee report | 2 to 4 |
| Independent Examiners' report | 5 |
| Statement of Financial Activities | 6 |
| Balance sheet | 7 |
| Notes to the accounts | 8 |
| Income & Expenditure Account | 9 |
CELESTIAL CHURCH OF CHRIST (CONVENANT OF GOD)
LEGAL AND ADMINISTRATION
Trustees:
MR. FREDRICK OKUYEMI MR. JOHN FEMI OMOGBAI MR. OLA SHOKUNBI MR. VICTOR AMOS-LAWANSON PRIEST JOHN BAPTIST MAFORIKAN MR. DANIEL OKECHUKWU NWANEGBU
Church
12 ST AUBYNS ROAD UPPER NORWOOD LONDON SE19 3AD
Independent Examiner
Lemo Corporate 815 Old Kent Road LONDON
Bankers Barclays Bank Plc
Registered number 1048030
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CELESTIAL CHURCH OF CHRIST Registered number: 1048030 Trustees' Report
The Trustees present their report together with the accounts for the year ended 31 May 2021. The accounts have been prepared in accordance with the Statement of Recommended Practice 2005 and other applicable laws.
a) Method of Appointment or Election of Trustees
The management of the church is the responsibility of the Trustees who are elected and co-opted under the terms of the Articles of Association.
b) Policies Adopted for the Induction and Training of Trustees
The induction process for newly appointment member of the Trustees comprises an initial meeting with other chair and other Trustees, followed by a series of short meetings with the Minister in charge on the powers and responsibilities of the Trustees.
c) Organisational Structure and Decision Making
The charitable Company is organised so that the Trustees meet regularly to manage its affairs. There is administrator/account personnel that handle the daily affairs of the charity.
The Trustees have assessed the major risks to which the charitable company is exposed, in particular those related to the operations and finances of the charity, and are satisfied that systemsare in place to mitigate our exposure to he major risks.
Objectives and Activities
a) Policies and Objectives
The objectives of the church are to advance the Christian religion for the public benefit in accordance with the doctrines of our Lord Jesus Christ, through the holding prayer meetings, lectures, evangelism, distributing of literature and tracts, broadcasting and such charitable means as the Trustees consider appropriate; and the relief of poverty by such charitable means as the Trustees consider appropriate.
b) Strategies for Achieving Objectives
The Charity has adopted the following strategies for achieving the above objectives: Organising seminars and events with proven speakers and ministers of the faith to guide members in the various aspects ofthe Christian faith; and support for other charities and Christians events.
- c) Activities for Achieving Objectives
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CELESTIAL CHURCH OF CHRIST Registered number: 1048030 Trustees' Report
Community outreach events. Provision of welfare support to members Provision of support to other charities. Conferences and Events.
d) Grant making Policies
In line with the object of the charity, to relief poverty and the advancement of Christian religion worldwide. The charity has a policy of supporting missionary organisations such as the Festival of Life, World Evangelism Mission and other charities and members of congregation who are in need, (this is at the discretion of the trustees)
e) Volunteers
This charity is grateful for the unstinting efforts of its volunteers who are involved in service provision. It is estimated that over 2750 volunteer hours were provided during the year. If this is conservatively valued at £8.90 per hour, the volunteer efforts amount to over £24,475. This charity has a volunteer coordinator to ensure that best value is derived from the sterling efforts of our volunteers.
Achievements and Performance
a) Review of Activities
The charity is consolidating the gains of previous development and has successfully ministered to the needs of various social groups within and outside the church. The charity provides forum for manpower development for its members to be equipped, educationally, socially and spiritually. It offers various counselling sessions to the needy, unemployed and educational and makes referral whenever the need arises.
We have providing counselling services to members of the community. We have also embarked on various training programme to equip more church volunteers with the relevant counselling skills that will help them serve the community better. We continue to support and encourage young people by providing a Youth Church where teenagers meet on Sunday afternoon under a caring, supportive and encouraging atmosphere.
The TV project embarked last year is still going on strongly also the Dorcas Ministry still feeds the homeless through partnering with St. Giles Trust and Refuge
The charity still continues to fulfil its main objectives, by creating facilities to help develop the whole man, spiritually, mentally and physically. We have invested time, energy and money into activities and programmes that has helped prevent youth crimes, depressions in people, child abuse and such social vices that are eating deep into the fabrics of our society.
Financial Review
a) Reserves Policy
The Trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets ('the free reserves') held by the church 3months of annual expenditure. At this level, the Trustees feel that they would be able to continue the current level of activities of the church in the event of significant drop in funding.
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CELESTIAL CHURCH OF CHRIST Registered number: 1048030 Trustees' Report
b) Principal Funding
This is provided mainly through voluntary offerings and tithes by church members and through gift aid scheme. Pledges are taken for specific projects.
Plans for the Future
a) Further Developments
The charity aims as part of fulfilling its main objectives, to continue to explore various ways of spreading the gospel of Christ in an effective manner. The charity is also looking to grow in membership and continue to develop its members to make life-changing impact in the society.
Statement of Trustees' Responsibilities
The Trustees are responsible for preparing the Annual report and Financial Statements in accordance with applicable law and regulations.
Company law requires the Trustees to prepare financial statements for each financial year. Under the law the Trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). The financial statements are required by law to give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for that period. In preparing these financial statements, the trustees are requested to:
Select suitable accounting policies and then apply them consistently; Make judgements and estimates that are reasonable and prudent; State whether applicable accounting standards and statements of recommendable practice have been followed, subject to any departures disclosed and explained in the financial statements; Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation
The Trustees are responsible for keeping proper accounting records, which will disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Company Act. 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.
Approval
This report was approved by the board of trustees on the 15 March 2022.....and signed on its behalf by:
Fredrickokuyemi
MR FREDRICK OKUYEMI TRUSTEE
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CELESTIAL CHURCH OF CHRIST
CONVENANT OF GOD
INDEPENDENT EXAMINER'S REPORT TO THE
TRUSTEES OF CELESTIAL CHURCH OF CHRIST
We report on the accounts for the year ended 31 May 2021, which are set out on pages 5 to 9.
Respective responsibilities of trustees and examiner
The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider (under section 144(2)of the Charities Act 2011 that an audit is not required for this year and that an independent examination is needed.
It is my responsibility to:
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to follow the procedures laid down in the General Directions given by the Charity
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Commissioners (under section145(5)(b) of the 2011 Act); and
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to state whether particular matters have come to my attention.
Basis of independent examiner’s report
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
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(1) which gives me reasonable cause to believe that in any material respect the
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to prepare accounts which accord with the accounting records and comply with
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the accounting requirements of the 2011 Act have not been met; or
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(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Adelaniawe
Mr. Adelani Awe (FCCA, MSc) For and on behalf of LEMO CORPORATE
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CELESTIAL CHURCH OF CHRIST Profit and Loss Account for the year ended 31 May 2021
| Notes Turnover Gross profit Administrative expenses Other operating income Operating profit Exceptional items: Profit on ordinary activities before taxation Tax on profit on ordinary activities Profit for the financial year |
2021 2020 £ £ 81,344 191,151 81,344 191,151 (72,313) (169,303) 9,031 21,848 9,121 21,848 - - 9,121 21,848 |
|---|---|
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CELESTIAL CHURCH OF CHRIST CONVENANT OF GOD
Statement of Financial Activities for the year ended 31 May 2021
| Incoming Resources Tithes, Offering, Touring etc Building Imeko General & Special Thanks Other Income Bank interest received Resources Expended Support costs of activities in furtherance of the charity's objects Management & Administration of Charity Total Income Expended Net incoming/(outgoing) resources Net Movements in Funds Fund balances b/fwd Funds balances c/fwd |
Notes 8.1 8.2 8.3 |
Unrestricted £ 64,127 4,770 8,307 90 77,294 41,630 28,871 70,501 6,793 6,793 1,498,229 |
Restricted £ 1,185 1,736 1,219 4,140 - 1,812 1,812 2,328 2,328 131,467 |
2021 Total Fund £ 64,127 1,185 1,736 1,219 4,770 8,307 90 81,434 41,630 30,683 72,313 9,121 9,121 1,629,696 |
2020 Total Fund £ 170,120 7,271 2,739 1,932 9,089 |
|---|---|---|---|---|---|
| 191,151 | |||||
| 132,793 36,510 |
|||||
| 169,303 | |||||
| 21,848 | |||||
| 21,848 1,607,848 |
|||||
| 1,505,022 | 133,795 | 1,638,817 | 1,629,696 |
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CELESTIAL CHURCH OF CHRIST Balance Sheet as at 31 May 2021
| Notes Fixed assets Tangible assets Current assets Debtors Cash at bank and in hand Creditors: amounts falling due within one year Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year Bank Loan Net assets Capital and reserves Restricted Funds Unrestricted Funds Shareholders' funds |
1,000 37,222 |
2021 2020 £ £ 1,710,076 1,712,537 1,710,076 1,712,537 - 39,797 39,797 24,006 24,312 15,791 1,734,388 1,728,328 - 95,571 98,632 1,638,817 1,629,696 133,795 131,467 1,505,022 1,498,229 1,638,817 1,629,696 |
|---|---|---|
| 38,222 13,910 |
||
Fredrickokuyemi
MR FREDRICK OKUYEMI Approved by the board on 15 March 2022
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CELESTIAL CHURCH OF CHRIST Notes to the Accounts for the year ended 31 May 2021
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Incoming Resources
Income is mainly from grants and bank interest received are included in the financial statements when received.
Resources Expended
All expenditure is accounted for on an accrual basis and has been classified under headings that aggregate all costs related to the category.
Taxation
As a charity, the charitable funds are exempt from corporation tax but not from VAT. Irrecoverable VAT is, in accordance with standard accounting practice, included in the cost of those items to which it relates.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful Land & building 2% straight line Furniture, fittings, Multi Media & equipm25% straight line Motor vehicles 25% straight line
3 Tangible Assets
| Land & Building Media & Musical Equipment Motor Vehicle Cost £ £ £ At1 June 2020 1,677,334 59,254 32,568 Additions 0 0 0 At31 May 2021 1,677,334 59,254 32,568 Depreciation At1 June 2020 0 44,209 32,437 Charge for the year 0 1,554 0 At31 May 2021 0 45,763 32,437 Net book value At31 May 2021 1,677,334 13,491 131 At 31 May 2011 1,677,334 15,045 131 Creditors: amounts falling due within one year Non-equity preference shares Bank loans and overdrafts Obligations under finance lease and hire purchase contracts Trade creditors Corporation tax Other taxes and social security costs Other creditors Creditors: amounts falling due after one year Bank loans Amounts owed to group undertakings and 9 |
Media & Musical Equipment £ 59,254 0 59,254 |
Motor Vehicle £ 32,568 0 32,568 |
Computer Equipment £ 20,333 0 20,333 |
Funiture & Fittings £ 37,437 430 37,867 |
Total £ 1,826,926 430 |
|---|---|---|---|---|---|
| 1,827,356 | |||||
| 44,209 1,554 45,763 |
32,437 0 32,437 |
17,010 626 |
20,733 711 21,444 |
114,389 2,891 |
|
| 17,636 | 117,280 | ||||
| 2,697 3,323 £ 13,160 750 13,910 £ 95,571 95,571 |
16,423 16,704 £ 23,256 750 24006 £ 98,632 98,632 |
1,710,076 | |||
| 1,712,537 | |||||
4 Creditors: amounts falling due within one year
5 Creditors: amounts falling due after one year Bank loans
CELESTIAL CHURCH OF CHRIST Notes to the Accounts for the year ended 31 May 2021
| 6 Restricted Funds At1 June 2020 Net Incoming Funds At31 May 2021 |
Unrestricted £ 1,498,229 6,793 1,505,022 |
Restricted £ 131,467 2,328 133,795 |
2021 2020 £ £ 1,629,696 1,607,848 9,121 21,848 1,638,817 1,629,696 |
|---|---|---|---|
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CELESTIAL CHURCH OF CHRIST CONVENANT OF GOD
Notes to the accounts (continued)
7 Income and Expenditure Account for the year ended 31 May 2021
| 2,020 | 2,019 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| Fund | Fund | ||||
| £ | £ | £ | £ | ||
| 7.1 | INCOMING RESOURCES | ||||
| Tithes & Offering etc | 64,127 | 64,127 | 170,120 | ||
| Touring etc | 1,185 | 1,185 | 7,271 | ||
| Building | 1,736 | 1,736 | 2,739 | ||
| Imeko | 1,219 | 1,219 | 1,932 | ||
| General & Special Thanks | 4,770 | 4,770 | 9,089 | ||
| Other Income | 8307 | 8,307 | |||
| Bank Interest | 90 | 90 | |||
| Total Incoming Resources | 77,294 | 4,140 | 81,434 | 191,151 | |
| OUTGOING RESOURCES | |||||
| 7.2 | Support costs of activities in | ||||
| furtherance of the Charity's objects: | |||||
| Wage & salaries | 18,500 | 18,500 | 20,740 | ||
| Pastorial expenses | 1,684 | 1,684 | 9,073 | ||
| Donations & Gifts | 2,050 | 2,050 | 7,627 | ||
| Honorairium & gift | |||||
| Travelling & transportation | 0 | 0 | 1,430 | ||
| Telephone | 1,220 | 1,220 | 60 | ||
| Insurance | 2,621 | 2,621 | 3,901 | ||
| Congregation and Culture | 3,872 | 3,872 | 20,325 | ||
| Havest and vevents | 960 | 960 | 67,783 | ||
| Parochail | 10,073 | 10,073 | 0 | ||
| Missions | 0 | 0 | 798 | ||
| Choir | 0 | 0 | 306 | ||
| Accountancy fees | 650 | 650 | 750 | ||
| 41,630 | - | 41,630 | 132,793 | ||
| 7.3 | Management and Administration | ||||
| of Charity: | |||||
| Rates | 1,525 | 1,525 | 1,812 | ||
| Rent | 0 | 0 | 2,450 | ||
| Cleaning | 0 | ||||
| Security & Safety | 0 | 3,370 | |||
| Light & heat | 6,057 | 6,057 | 2,191 | ||
| Morgage interest & charges | 13,767 | 13,767 | 6,061 | ||
| Printing, stationery & postages | 457 | 457 | 845 |
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| Diocece Maintenance Water Motor Expenses Repairs & maintenance Depreciation |
0 0 1,051 1,468 1,468 2,891 2,706 2,706 6,184 1,812 1,812 6,767 2,891 2,891 2,888 |
|---|---|
| 28,871 1,812 30,683 36,510 |
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CELESTIAL CHURCH OF CHRIST Profit and Loss Account for the year ended 31 May 2021
for the information of the directors only
| Sales Gross profit Administrative expenses Operating profit Interest receivable Profit before tax |
2021 2020 £ £ 81,344 191,151 81,344 191,151 (72,313) (169,303) 9,031 21,848 90 - 9,121 21,848 |
|---|---|
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CELESTIAL CHURCH OF CHRIST Schedule to the Profit and Loss Account for the year ended 31 May 2021
for the information of the directors only
| Sales Titithes Offering & Thanksgiving Administrative expenses Wages and salaries Congregation & Culture Pastorial expenses Harvest & Events Travel and subsistence Motor expenses Premises costs: Rent Council Tax & Rates Repairs and maintenance Light and heat Diocese Maintenance Telephone and fax Printing Posting & Stationery Donations & Gifts Bank charges Insurance Depreciation Sundry expenses Legal and professional costs: Accountancy fees |
2021 2020 £ £ 81,344 191,151 81,344 191,151 18,500 20,740 3,872 20,325 1,684 9,073 960 67,783 - 1,430 2,706 6,184 37,795 126,333 - 2,450 1,525 1,812 1,812 6,767 6,057 2,191 - 1,051 10,862 20,532 1,220 60 457 845 2,050 7,627 13,767 6,061 2,621 3,901 2,891 2,888 - - 23,006 21,688 650 750 650 750 72,313 169,303 |
|---|---|
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