Registered number 1048030
## CELESTIAL CHURCH OF CHRIST
Report and Accounts
31 May 2022
## **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
1
## **CELESTIAL CHURCH OF CHRIST Registered number: 1048030 Trustees' Report**
The Trustees present their report together with the accounts for the year ended 31 May 2022. 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**
2
## **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 £9.50 per hour, the volunteer efforts amount to over £26,125. 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.
3
**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 23 March 2023.....and signed on its behalf by:
## Fredrickokuyemi
MR FREDRICK OKUYEMI TRUSTEE
4
LEMO CORPORATE
(Chartered Certified Accountants) 815 OLD KENT ROAD, LONDON SE15 1NX
## **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 2022, 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:
**·** to follow the procedures laid down in the General Directions given by the Charity Commissioners (under section145(5)(b) of the 2011 Act); and
- 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:
- (1) which gives me reasonable cause to believe that in any material respect the
- to prepare accounts which accord with the accounting records 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 enable a proper understanding of the accounts to be reached.
## adelaniawe
5
Mr. Adelani Awe (FCCA, MSc) **23 March 2023** For and on behalf of **LEMO CORPORATE**
## **CELESTIAL CHURCH OF CHRIST Profit and Loss Account for the year ended 31 May 2022**
|**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**|**2022**
**2021**
**£**
**£**
171,817
81,344
171,817
81,344
(141,141)
(72,313)
30,676
9,031
30,897
9,121
-
-
30,897
9,121|
|---|---|
6
## **CELESTIAL CHURCH OF CHRIST CONVENANT OF GOD**
## **Statement of Financial Activities for the year ended 31 May 2022**
|**Incoming Resources**
Tithes
Offering
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
£
136,491
8,566
3,047
7,143
9,564
222
165,033
105,663
33,253
138,916
26,117
26,117
1,505,022|Restricted
£
-
7,005
-
7,005
-
2,225
2,225
4,780
4,780
133,795|**2022**
**Total**
**Fund**
**£**
136,491
8,566
7,005
3,047
7,143
9,564
222
172,038
105,663
35,478
141,141
30,897
30,897
1,638,817|**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|
|||1,531,139|138,575|1,669,714|1,638,817|
7
## **CELESTIAL CHURCH OF CHRIST Balance Sheet as at 31 May 2022**
|**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
53,280|**2022**
**2021**
**£**
**£**
1,720,626
1,710,076
1,720,626
1,710,076
1,000
37,222
38,222
13,910
40,384
24,312
1,761,010
1,734,388
-
91,296
95,571
1,669,714
1,638,817
138,575
133,795
1,531,139
1,505,022
1,669,714
1,638,817|
|---|---|---|
||54,280
13,896||
||||
## Fredrickokuyemi
MR FREDRICK OKUYEMI Approved by the board on 23 March 2023
8
**CELESTIAL CHURCH OF CHRIST Notes to the Accounts for the year ended 31 May 2022**
## **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**
**Cost**
**£**
**£**
At1 June 2021
1,677,334
59,254
Additions
10,401
3,201
At31 May 2022
1,687,735
62,455
**Depreciation**
At1 June 2021
0
45,763
Charge for the year
0
1,715
At31 May 2022
0
47,478
**Net book value**
At31 May 2022
1,687,735
14,977
At 31 May 2011
1,677,334
13,491
**4**
**Creditors: amounts falling due within one year**
Non-equity preference shares
Bank loans and overdrafts
Other creditors
**5**
**Creditors: amounts falling due after one year**
Bank loans
**6**
**Restricted Funds**
**Unrestricted**
**Restricted**
£
£
At1 June 2021
1,505,022
133,795
Net Incoming Funds
26,117
4,780
At31 May 2022
1,531,139
138,575|**Media &**
**Musical**
**Equipment**
**£**
59,254
3,201
62,455|**Motor**
**Vehicle**
**£**
32,568
0
32,568|**Computer**
**Equipment**
**£**
20,333
0
20,333|**Funiture**
**& Fittings**
**£**
37,867
0
37,867|**Total**
**£**
1,827,356
13,602|
|---|---|---|---|---|---|
||||||1,840,958|
|||||||
||45,763
1,715
47,478|32,437
0
32,437|17,636
626|21,444
711
22,155|117,280
3,052|
||||18,262||120,332|
|||131
131
2022
£
1,638,817
30,897
1,669,714
9|2,071
2,697
£
13,146
750
13,896
£
91,296
91,296
**2021**
£
1,629,696
9,121
1,638,817|15,712
16,423
£
13,160
750
13910
£
95,571
95,571|1,720,626|
||||||1,710,076|
|||||||
## **CELESTIAL CHURCH OF CHRIST CONVENANT OF GOD**
## **Notes to the accounts (continued)**
## 7 **Income and Expenditure Account for the year ended 31 May 2022**
|||||**2022**|**2021**|
|---|---|---|---|---|---|
|||**Unrestricted**|**Restricted**|**Total**|**Total**|
|||||**Fund**|**Fund**|
|||**£**|**£**|**£**|**£**|
|7.1|**INCOMING RESOURCES**|||||
||Tithes & Offering etc|136,491||136,491|64,127|
||Touring etc|8,566||8,566|1,185|
||Building||7,005|7,005|1,736|
||Imeko|3,047||3,047|1,219|
||General & Special Thanks|7,143||7,143|4,770|
||Other Income|9564||9,564|8,307|
||Bank Interest|222||222|90|
||**Total Incoming Resources**|165,033|7,005|172,038|81,434|
||**OUTGOING RESOURCES**|||||
|7.2|**Support costs of activities in**|||||
||**furtherance of the Charity's objects:**|||||
||Wage & salaries|22,200||22,200|18,500|
||Pastorial expenses|1,903||1,903|1,684|
||Donations & Gifts|2,050||2,050|2,050|
||Telephone|1,139||1,139|1,220|
||Insurance|2,685||2,685|2,621|
||Congregation and Culture|3,859||3,859|3,872|
||Havest and vevents|46,945||46,945|960|
||Parochail|24,182||24,182|10,073|
||Accountancy fees|700||700|650|
|||**105,663**|**-**|**105,663**|**41,630**|
|7.3|**Management and Administration**|||||
||**of Charity:**|||||
||Rates|1,525||1,525|1,525|
||Light & heat|10,226||10,226|6,057|
||Morgage interest & charges|13,339||13,339|13,767|
||Printing, stationery & postages|518||518|457|
||Water|1,468||1,468|1,468|
||Motor Expenses|3,125||3,125|2,706|
||Repairs & maintenance||2,225|2,225|1,812|
||Depreciation|3,052||3,052|2,891|
|||**33,253**|**2,225**|**35,478**|**30,683**|
10
## **CELESTIAL CHURCH OF CHRIST Profit and Loss Account for the year ended 31 May 2022**
_for the information of the directors only_
|**Sales**
**Gross profit**
Administrative expenses
**Operating profit**
Interest receivable
**Profit before tax**|**2022**
**2021**
**£**
**£**
171,817
81,344
171,817
81,344
(141,141)
(72,313)
30,676
9,031
221
90
30,897
9,121|
|---|---|
11
## **CELESTIAL CHURCH OF CHRIST Schedule to the Profit and Loss Account for the year ended 31 May 2022**
_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
Telephone and fax
Printing Posting & Stationery
Donations & Gifts
Bank charges
Insurance
Depreciation
**Legal and professional costs:**
Accountancy fees|**2022**
**2021**
**£**
**£**
171,817
81,344
171,817
81,344
22,200
18,500
3,859
3,872
1,903
1,684
46,945
960
-
-
3,125
2,706
102,214
37,795
-
-
1,525
1,525
2,225
1,812
10,226
6,057
15,444
10,862
1,139
1,220
518
457
2,050
2,050
13,339
13,767
2,685
2,621
3,052
2,891
22,783
23,006
700
650
700
650
141,141
72,313|
|---|---|
12