2023-05-31-accounts - Celestial Church Of Christ (Covenant Of God Parish)

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Registered number 1048030

CELESTIAL CHURCH OF CHRIST

Report and Accounts

31 May 2023

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

CELESTIAL CHURCH OF CHRIST Registered number: 1048030 Trustees' Report

The Trustees present their report together with the accounts for the year ended 31 May 2023 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

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.

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 05 April 2024.....and signed on its behalf by:

Fredrickokuyemi

MR FREDRICK OKUYEMI TRUSTEE

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 2023 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

Mr. Adelani Awe (FCCA, MSc) 5 April 2024 For and on behalf of LEMO CORPORATE

CELESTIAL CHURCH OF CHRIST Profit and Loss Account for the year ended 31 May 2023

Notes Turnover Gross profit Administrative expenses Other operating income Operating profit Interest receivable Profit on ordinary activities before taxation Tax on profit on ordinary activities Profit for the financial year	2023 2022 £ £ 188,624 171,817 188,624 171,817 (151,266) (141,141) 37,358 30,676 211 221 37,569 30,897 - - 37,569 30,897

CELESTIAL CHURCH OF CHRIST CONVENANT OF GOD

Statement of Financial Activities for the year ended 31 May 2023

Unrestricted £ 155,569 3,429 2,891 16,932 6,090 211 185,122 111,091 37,561 148,652 36,470 36,470 1,531,139	Restricted £ - 3,713 - 3,713 - 2,614 2,614 1,099 1,099 138,575	2023 Total Fund £ 155,569 3,429 3,713 2,891 16,932 6,090 211 188,835 111,091 40,175 151,266 37,569 37,569 1,669,714	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
1,567,609	139,674	1,707,283	1,669,714

CELESTIAL CHURCH OF CHRIST Balance Sheet as at 31 May 2023

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 45,197	2023 2022 £ £ 1,726,869 1,720,626 1,726,869 1,720,626 1,000 53,280 54,280 13,896 33,437 40,384 1,760,306 1,761,010 - 53,023 91,296 1,707,283 1,669,714 139,674 138,575 1,567,609 1,531,139 1,707,283 1,669,714
	46,197 12,760

Fredrickokuyemi

MR FREDRICK OKUYEMI Approved by the board on 5 April 2024

CELESTIAL CHURCH OF CHRIST Notes to the Accounts for the year ended 31 May 2023

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

Media & Musical Equipment £ 62,455 0 62,455	Motor Vehicle £ 32,568 0 32,568	Computer Equipment £ 20,333 0 20,333	Funiture & Fittings £ 37,867 2,010 39,877	Total £ 1,840,958 9,295
				1,850,253

47,478 1,715 49,193	32,437 0 32,437	18,262 626	22,155 711 22,866	120,332 3,052
		18,888		123,384
	131 131 2023 £ 1,669,714 37,569 1,707,283 9	1,445 2,071 £ 12,010 750 12,760 £ 53,023 53,023 2022 £ 1,638,817 30,897 1,669,714	17,011 15,712 £ 13,146 750 13896 £ 91,296 91,296	1,726,869
				1,720,626

CELESTIAL CHURCH OF CHRIST CONVENANT OF GOD

Notes to the accounts (continued)

7 Income and Expenditure Account for the year ended 31 May 2023

				2023	2022
		Unrestricted	Restricted	Total	Total
				Fund	Fund
		£	£	£	£
7.1	INCOMING RESOURCES
	Tithes & Offering etc	155,569		155,569	136,491
	Touring etc	3,429		3,429	8,566
	Building		3,713	3,713	7,005
	Imeko	2,891		2,891	3,047
	General & Special Thanks	16,932		16,932	7,143
	Other Income	6,090		6,090	9,564
	Bank Interest	211		211	222
	Total Incoming Resources	185,122	3,713	188,835	172,038
	OUTGOING RESOURCES
7.2	Support costs of activities in
	furtherance of the Charity's objects:
	Wage & salaries	22,200		22,200	22,200
	Pastorial expenses	2,125		2,125	1,903
	Donations & Gifts	2,100		2,100	2,050
	Telephone	2,954		2,954	1,139
	Insurance	2,701		2,701	2,685
	Congregation and Culture	4,117		4,117	3,859
	Havest and vevents	47,218		47,218	46,945
	Parochail	26,976		26,976	24,182
	Accountancy fees	700		700	700
		111,091	-	111,091	105,663
7.3	Management and Administration
	of Charity:
	Rates	1,739		1,739	1,525
	Light & heat	12,543		12,543	10,226
	Morgage interest & charges	14,185		14,185	13,339
	Printing, stationery & postages	493		493	518
	Water	1,921		1,921	1,468
	Motor Expenses	3,628		3,628	3,125
	Repairs & maintenance		2,614	2,614	2,225
	Depreciation	3,052		3,052	3,052
		37,561	2,614	40,175	35,478

CELESTIAL CHURCH OF CHRIST Profit and Loss Account for the year ended 31 May 2023

for the information of the directors only

Sales Gross profit Administrative expenses Operating profit Interest receivable Profit before tax	2023 2022 £ £ 188,624 171,817 188,624 171,817 (151,266) (141,141) 37,358 30,676 211 221 37,569 30,897

CELESTIAL CHURCH OF CHRIST Schedule to the Profit and Loss Account for the year ended 31 May 2023

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

2023
2022
£
£
188,624
171,817
188,624
171,817
22,200
22,200
4,117
3,859
2,125
1,903
47,218
46,945
-
-
3,628
3,125
106,264
102,214
-
-
1,739
1,525
2,614
2,225
12,543
10,226
18,817
15,444
2,954
1,139
493
518
2,100
2,050
14,185
13,339
2,701
2,685
3,052
3,052
25,485
22,783
700
700
700
700
151,266
141,141