## **CELESTIAL CHURCH OF CHRIST FOUNDERS PARISH ACCOUNTS 31ST MARCH 2025**
**EMMANUEL STEPHENS & CO. CHARTERED ACCOUNTANTS, BUSINESS ADVISERS & CONSULTANTS 62 BEECHWOOD ROAD, LONDON E8 3DY**
**CELESTIAL CHURCH OF CHRIST FOUNDERS PARISH Report and Accounts for the year ended 31st March 2025**
## **CHARITY REGISTRATION NUMBER IN ENGLAND AND WALES**
**1054304**
**EMMANUEL STEPHENS & CO. CHARTERED ACCOUNTANTS, BUSINESS ADVISERS, & CONSULTANTS. 62 BEECHWOOD ROAD, LONDON E8 3DY**
## **CELESTIAL CHURCH OF CHRIST FOUNDERS PARISH**
## **Reports and Accounts**
|**CONTENTS**||
|---|---|
|Charity Information|1|
|Report of the Trustees|2|
|Accountant's Report|3|
|Statement of Financial Activities|4|
|Balance Sheet|5|
|Notes to Accounts|6 - 7|
## **CELESTIAL CHURCH OF CHRIST FOUNDERS PARISH**
## **Charity Information**
## **Trustees**
Rev. Julius Dale Olaleye Ms Abimbola Fatoyinbo Mr Olaniyi Abodunrin Mrs Aderemi Folarin Felicia Agbigbe
**Charity Registration No:** 1054304
## **BUSINESS OFFICE**
6 VINCENT STREET CANNING TOWN LONDON E16 1LZ
## **BANKERS**
Lloyds TSB **1 Churchill Place** London **E14 5HP**
## **ACCOUNTANTS**
EMMANUEL STEPHENS & CO. 62 BEECHWOOD ROAD LONDON E8 3DY
Page 1
## **CELESTIAL CHURCH OF CHRIST FOUNDERS PARISH**
## **REPORT OF THE TRUSTEES TO MEMBERS OF THE CELESTIAL CHURCH OF CHRIST FOUNDERS PARISH**
The Trustees present their report and Accounts for the year ended 31st March 2025. Celestial Church of Christ Founder's Parish is a registered charity with the overall mission of spreading the Christian faith, alleviating poverty and reaching out to those that are marginalised in the society at large. We started the year with a spirit-filled service with the motive of continuous soul-winning for the Kingdom of Christ.
We operate annual women convention to encourage women of all ages to come together to share life experiences on living the life of a Christian. This year’s convention attracted notable women and all the participants gave very positive feedback.
We did not relax in our charitable activities and the year’s harvest celebrations were a huge success with the children of God expressing satisfaction with the organisation and outcome of the entire week programme.
We shall in the coming years begin to look into seeking a permanent place of worship for the Lord in line the wishes of our members
Rev. Julius Dale Olaleye Date Trustee
Page 2
## **CELESTIAL CHURCH OF CHRIST FOUNDERS PARISH**
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CELESTIAL CHURCH OF CHRIST FOUNDERS PARISH**
I report on the accounts of the Trust for the period ended 31st March 2025, Which are set out on paged 3 to 6.
## **RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND EXAMINER**
As the Charity's Trustees, you are responsible for the preparation of the Account: you consider that the audit requirement of section 43(2) of the Charities Act 1993 ("the Act") does not apply. It is my responsibility to:
. Examine the accounts under section 145 of the 2011 Act;
. to follow the procedure s laid down in the general Directions given by the Charity Commission under section 145(5) of the 2011 Act;
. to state whether particulat 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 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 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 requirements:
- to keep accounting records in accordance with section 130 of the 2011 Act, and
- to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act.
have not been met: or
2. to which, in my opinion, attention be drawn to enable a proper understanding of the accounts to be reached.
## **Emmanuel Stephens & Co.**
Chartered Accountants, Business Advisers & Consultants 62 Beechwood Road
London E8 3DY
Page 3
## **CELESTIAL CHURCH OF CHRIST FOUNDERS PARISH**
**Statement of Financial Activities for the year ended 31st March 2025**
||||**2025**||**2024**|
|---|---|---|---|---|---|
||Notes|Unrestricted|Restricted|Total||
|||£|£|£|£|
|**Incoming Resources**||||||
|Tithes, Offerings &|1|||||
|Similar Incoming Resources||101,972|-|101,972|64,425|
|Gift Aid Receivable||16,338|-|16,338|15,985|
|Grant Income||||0||
|**Total Incoming Resources**||**118,310**|**0**|**118,310**|**80,410**|
|Charitable Resources Expended||||||
|Direct Charitable expenses|2|30,688|-|30,688|25,789|
|Management & Administration|4|63,368|-|63,368|42,816|
|**Total Resources expended**||**94,056**|**-**|**94,056**|**68,605**|
|Net Incoming Resources for the year||24,255|-|24,255|11,805|
|Funds Brought Forward||95,344|-|95,344|83,539|
|Fund Balances carried forward||**119,599**|**-**|**119,599**|**95,344**|
All disclosures relate to the continuing operations. There are no recognised gains or losses other than those disclosed above.
Page 4
## **CELESTIAL CHURCH OF CHRIST FOUNDERS PARISH**
## **Balance sheet as at 31st March 2025**
|**2025**
Notes
**£**
**£**
**FIXED ASSETS**
Tangible Fixed Assets
9
68,705
**CURRENT ASSETS**
Stock
254
Debtors & Prepayment
250
Cash in Hand/ Bank
121,280
121,784
**LIABILITIES**
Amount falling due within one year
6
(5,440)
NET CURRENT ASSETS
116,344
185,049
Amount falling due more than 1 year
(45,276)
139,773
NET ASSETS
**139,773**
ACCUMULATED FUNDS
Unrestricted
7
139,773
Restricted
8
-
**139,773**
Approved by the Trustees and Signed on their behalf:
-
-|**2024**
**£**
69,205
254
250
100,756|
|---|---|
||101,260
(6,015)|
||95,245|
||164,450
(49,008)|
||115,442|
||**115,442**|
||115,442
-|
||**115,442**|
|||
Rev. Julius Dale Olaleye Date
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Page 5
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## **CELESTIAL CHURCH OF CHRIST FOUNDERS PARISH Notes to the financial statements for the year ended 31st March 2025**
## **ACCOUNTING POLICIES**
The accounts have been prepared in compliance with the statement of Recommended Practice (SORP): Accounting for Charities.
## **1. GRANTS, DONATIONS ETC**
These are recognised in full in the Statement of Financial Activities in the period in which they are received.
## **2. DIRECT CHARITABLE EXPENDITURE**
This comprises all expenditure directly related to the objects of the of the charity. It also includes the expenditure in support of that activity where material.
|**2025**
£
Donations
257
Works/Shepherd Allowance
Churchnonation
Harvest expenses
9,470
Pastoral Returns/Stipend
20,961
30,688
**Debtors**
**2025**
£
Sundry Debtors
250
**4. MANAGEMENT AND ADMINISTRATION**
**2025**
£
Rent & Rates
21,700
Stationeries & Postage
-
Light & Heat
-
Van Maintenance
-
Church Expenses/Church M
36,823
Depreciation
500
Cleaning Expenses
-
Gas
-
Travelling Expenses
-
Insurance
334
Accountancy fees
500
Tax & NI
-
Cost of Processing Gift Aid
1,839
Telephone
602
Bank Charges
1,071
63,368|**2024**
£
4,118
-
953
380
19,733|
|---|---|
||25,183|
||**2024**
£
250|
||**2024**
£
16,500
-
-
-
17,466
500
-
163
-
-
500
-
-
-
-|
||35,129|
Page 6
## **5.DEPRECIATION**
This has been provided at the following rates in order to write off the assets over their estimated useful lives
|Land
Motor Van
Musical Instrument
Furniture & Fittings
Computer Equipment
**6. CURRENT LIABILITIES**
This represent the accountancy fees and the balance on Electricity Bill
Bounce back Loan
Church Workers Stipends
Others
Accountancy Fees
**6A . CREDITORS DUE AFTER MORE THAN ONE YEAR**
Bounce back loan
Third Party Loan|0%
20%
10%
10%
25%
**2025**
**2024**
£
£
3,840
3840
500
75
1,600
1,600|
|---|---|
||5,440
6,015|
||**2025**
**2024**
£
£
19,276
23,008
26,000
26,000|
||45,276
49,008|
## **7. UNRESTRICTED FUNDS**
These are grants and donations received or receivable for the objects of the charity without restrictions as to purpose but are available as general funds.
## **8. RESTRICTED FUNDS**
Restricted funds are used for the purpose as specified by the donor. Expenditure that meets these criteria is identified to the fund.
Page 7
|**9. FIXED ASSETS**
**COST/VALUE**
At 1 April 2024
Additions
At 31 March 2025
**DEPRECIATION**
At 1 April 2024
Additions
At 31 March 2025
**Net Book Value**
At 31 March 2025
At 31 March 2024|**Total**
**Land**
**Motor Van**
**Musical**
**Furniture**
**Equipment**
**& Fittings**
£
£
£
£
£
95,000
-
18,967
2,620
116,587
-
-
-
-
-|
|---|---|
||95,000
0
18,967
2,620
116,587|
||30,000
-
14,762
2,620
47,382
-
-
500
500|
||30,000
0
15,262
2,620
47,882|
||65,000
0
3,705
0
68,705|
||65,000
-
4,205
-
69,205|
Page 8