Charity number: 1048030 

CELESTIAL CHURCH OF CHRIST COVENANT OF GOD PARISH 

REPORT AND ACCOUNTS 

FOR THE YEAR ENDED 31/05/2025 

CELESTIAL CHURCH OF CHRIST COVENANT OF GOD PARISH 

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31/05/2025 

**TRUSTEES** 

FREDRICK OKUYEMI JOHN OMOGBAI OLA SHOKUNBI VICTOR AMOS-LAWANSON JOHN MAFORIKAN DANIEL NWANEGBU 

**CHARITY NUMBER** 1048030 

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CELESTIAL CHURCH OF CHRIST COVENANT OF GOD PARISH 

## ACCOUNTS 

FOR THE YEAR ENDED 31/05/2025 

|CONTENTS||
|---|---|
||Page|
|Reportof theTrustees|3|
|Independent Examiner'sStatement|4|
|Statement of Financial Activities|5|
|BalanceSheet|6|
|Notes to theAccounts|7 to 10|
|Detailed Statement of Financial Activities|11 to 12|



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CELESTIAL CHURCH OF CHRIST COVENANT OF GOD PARISH 

FOR THE YEAR ENDED 31/05/2025 

TRUSTEES' REPORT 

The trustees present their report and accounts for the year ended 31/05/2025 

PRINCIPAL ACTIVITIES 

The principal activity of the charity in the year under review was that of a church. 

STRUCTURE GOVERNANCE AND MANAGEMENT 

The organisation is governed by a constitution and managed by a Parochial Committee who act as the trustees of the charity. 

This report was approved by the Board of Trustees on 05/10/2025 

FREDRICK OKUYEMI Trustee 

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CELESTIAL CHURCH OF CHRIST COVENANT OF GOD PARISH 

## INDEPENDENT EXAMINER'S STATEMENT 

FOR THE YEAR ENDED 31/05/2025 

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CELESTIAL CHURCH OF CHRIST COVENANT OF GOD PARISH 

I report on the accounts of the company for the year ended 31/05/2025. 

RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER 

The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The 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. 

Having satisfied myself that the charity is not subject to an audit under company law and is eligible for independent examination, it is my responsibility to: 

- examine the accounts under section 145 of the 2011 Act; 

- follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and 

- state whether particular matters have come to my attention. 

## BASIS OF INDEPENDENT EXAMINERS STATEMENT 

My examination was carried out in accordance with 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 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 no opinion is given as to whether the accounts present a "true and fair view" and the report is limited to those matters set out in the statement below. 

INDEPENDENT EXAMINERS 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 requirements: 

- to keep accounting records in accordance with generally accepted accounting principles 

- to prepare accounts which accord with the accounting records and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities 

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 

................................................... 

Date:05/10/2025 

E H TURKSON ACMA 

HESSE ARMAH ACCOUNTANTS 

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CELESTIAL CHURCH OF CHRIST COVENANT OF GOD PARIS 

|Statement ofFinancialActivities<br>fortheyearended31/05/2025<br>**Income **<br>Incomefrom generated funds<br>Incomefrom charitable activities<br>TotalIncome and endowments<br>**Expenses**<br>Costsof generating funds<br>Expenditureon Charitable activities<br>TotalExpenses<br>Net gains on investments<br>NetIncome<br>Gains/(losses) onrevaluation of fixed assets<br>Netmovementinfunds:<br>Net income fortheyear<br>Total fundsbrought forward<br>Net funds carriedforward<br>Unrestricted<br>funds<br>£<br>148,679<br>148,679<br>142,066<br>142,066<br>6,613<br>6,613<br>1,560,131<br>1,566,744|Restricted<br>funds<br>£<br>3,621<br>3,621<br>-<br>-<br>3,621<br>3,621<br>143,465<br>147,086|2025<br>Total<br>£<br>152,300<br>152,300<br>142,066<br>142,066<br>10,234<br>10,234<br>1,703,596<br>1,713,830|2024<br>Total<br>£<br>179,957|
|---|---|---|---|
||||179,957|
||||183,644|
||||183,644|
||||(3,687)|
||||(3,687)<br>1,707,283|
||||1,703,596|



This statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities 

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CELESTIAL CHURCH OF CHRIST COVENANT OF GOD PARISH 

|BALANCE SHEET AT 31/05/2025<br>FIXED ASSETS<br>Tangible assets<br>CURRENTASSETS<br>Cashat bank and in hand<br>CREDITORS: Amountsfalling duewithin oneyear<br>NET CURRENTASSETS<br>TOTALASSETSLESS CURRENT LIABILITIES<br>Notes<br>3<br>4<br>CREDITORS: Amountsfalling due after more than oneyear<br>5<br>NETASSETS<br>CAPITALANDRESERVES<br>Unrestricted funds<br>General fund<br>Restricted funds<br>7<br>8|23,048<br>23,048<br>20,018|2025<br>£<br>1,735,667<br>3,030<br>1,738,697<br>24,867<br>1,713,830<br>1,566,744<br>147,086<br>1,713,830|21,551<br>21,551<br>19,018|2024<br>£<br>1,723,684<br>2,533|
|---|---|---|---|---|
|||||1,726,217<br>22,621|
|||||1,703,596|
|||||1,560,131<br>143,465|
|||||1,703,596|



Approved by the board of tr ustees on 05/10/2025 and signed on their behalf by 

............................. 

FREDRICK OKUYEMI Trustee 

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CELESTIAL CHURCH OF CHRIST COVENANT OF GOD PARISH 

## NOTES TO THE ACCOUNTS 

FOR THE YEAR ENDED 31/05/2025 

## 1. ACCOUNTING POLICIES 

## 1a. Basis of Accounting 

The accounts have been prepared under the historical cost convention. 

The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities. 

1b. Incoming R esour ces 

All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. 

1c. R esour ces Expended 

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources. 

## 1d. Allocation and Apportionment Of C osts 

All costs relate to the single activity of the charitable company and are recognised accordingly. 

1e. Fund Accounting 

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. 

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. 

Designated funds are funds set aside by the trustees out of unrestricted general funds for the specific future purposes or projects. 

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CELESTIAL CHURCH OF CHRIST COVENANT OF GOD PARIS 

1f. Depreciation 

Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives 

Plant and Machinery reducing balance 10% Fixtures and Fittings reducing balance 10% Equipment reducing balance 10% Motor Cars reducing balance 10% 

1g. Turnover 

Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts. 

## 2. EMPLOYEES 

||2025|2024|
|---|---|---|
||No.|No.|
|Averagenumberofemployees|1|1|



## 3. TANGIBLE FIXED ASSETS 

|Cost<br>At 01/06/2024<br>Additions<br>At 31/05/2025<br>Depreciation<br>At 01/06/2024<br>For the year<br>At 31/05/2025<br>NetBookAmounts<br>At 31/05/2025<br>At 31/05/2024|Land<br>And<br>Buildings<br>£<br>1,695,020<br>-<br>1,695,020<br>-<br>-<br>-<br>1,695,020<br>1,695,020|Plant and<br>Machinery<br>£<br>62,455<br>-<br>62,455<br>50,519<br>1,194<br>51,713<br>10,742<br>11,936|Fixtures<br>and<br>Fittings<br>£<br>39,877<br>-<br>39,877<br>24,567<br>1,531<br>26,098<br>13,779<br>15,310|Equipment<br>£<br>20,333<br>-<br>20,333<br>19,033<br>130<br>19,163<br>1,170<br>1,300|Motor<br>Cars<br>£<br>32,568<br>16,500<br>49,068<br>32,450<br>1,662<br>34,112<br>14,956<br>118|Total<br>£<br>1,850,253<br>16,500|
|---|---|---|---|---|---|---|
|||||||1,866,753|
|||||||126,569<br>4,517|
|||||||131,086|
|||||||1,735,667|
|||||||1,723,684|



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CELESTIAL CHURCH OF CHRIST COVENANT OF GOD PARISH 

|4. CREDITORS: AMOUNTS FALLINGDUE WITHIN ONE YEAR<br>Bankloans<br>Othercreditors|2025 <br>£ <br>18,268 <br>1,750   <br>20,018|2024<br> £<br> 18,268<br> 750|
|---|---|---|
|||19,018|



|5. CREDITORS: AMOUNTS FALLINGDUEAFTER MORE THAN ONE<br>YEAR<br>Bankloans|2025 <br>£ <br>24,867<br>24,867|2024<br> £<br>22,621|
|---|---|---|
|||<br>22,621|



6. UNRESTRICTED FUND 

|General fund|Brought<br>forward<br>£<br>1,560,131<br>1,560,131|Incoming<br>resources<br>£<br>148,679<br>148,679|Outgoing<br>resources<br>£<br>(142,066)<br>(142,066)|Transfers<br>£<br>-<br>-|Carried<br>forward<br>£<br>1,566,744|
|---|---|---|---|---|---|
||||||1,566,744|



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CELESTIAL CHURCH OF CHRIST COVENANT OF GOD PARISH 

7. RESTRICTED FUNDS 

|Brought<br>forward<br>£<br>143,465<br>143,465|Incoming<br>resources<br>£<br>3,621<br>3,621|Outgoing<br>resources<br>£<br>-<br>-|Transfers<br>£<br>-<br>-|Carried<br>forward<br>£<br>147,086|
|---|---|---|---|---|
|||||147,086|



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CELESTIAL CHURCH OF CHRIST COVENANT OF GOD PARISH 

Incoming Resou r ces for the year ended 31/05/2025 

|**Incomingresources**<br>**Incomingresourcesfrom generated**<br>**fundsCharitable Activity **<br>Tithes<br>Offerings and Collection<br>Building Fund<br>Imeko Fund<br>Thanksgiving<br>OtherIncome<br>InterestReceivable|103,009<br>27,564<br>3,621<br>2,607<br>5,799<br>9,607<br>93|2025<br>£<br>152,300<br>152,300<br>152,300|127,180<br>27,397<br>3,791<br>2,825<br>7,155<br>11,312<br>297|2024<br>£<br>179,957|
|---|---|---|---|---|
|||||179,957|
|||||179,957|



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CELESTIAL CHURCH OF CHRIST COVENANT OF GOD PARISH 

## Ex penses 

for the year ended 31/05/2025 

|**Expenses**<br>Costs of generatingfunds<br>Charitable Activities<br>Pastoral Fund<br>Donations and Gifts<br>Welfare<br>Functions and Events<br>ChoirExpenses<br>SundaySchool Expenses<br>Rates<br>Insurance<br>Water rates<br>Heat and light<br>Cleaning<br>Repairs andrenewals<br>Salaries<br>Motor expenses<br>Travelling<br>Stationery& office supplies<br>Telephone<br>Web-Site<br>Subscriptions<br>Bankcharges<br>Depreciation of plantand machinery<br>Depreciation of fixtures and fittings<br>Depreciation ofequipment<br>Depreciation of motor cars<br>**GovernanceCosts**<br>Accountancy<br>Loan Interest|2025<br>£<br>700<br>395<br>2,391<br>39,289<br>2,660<br>1,500<br>1,800<br>2,079<br>91<br>23,043<br>2,917<br>10,987<br>26,900<br>3,751<br>6,630<br>43<br>2,151<br>1,004<br>1,496<br>1,774<br>1,194<br>1,531<br>130<br>1,662<br>136,118<br>1,000<br>4,948<br>5,948<br>142,066|2024<br>£<br>2,139<br>4,271<br>2,611<br>66,220<br>6,026<br>-<br>1,691<br>1,339<br>2,112<br>23,507<br>1,959<br>12,503<br>25,753<br>15,553<br>3,970<br>121<br>1,839<br>-<br>1,477<br>1,649<br>1,326<br>1,701<br>145<br>13|
|---|---|---|
|||177,925|
|||750<br>4,969|
|||5,719|
||||
|||183,644|



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