CELESTIAL CHURCH OF CHRIST
(HEPHZIBAH PARISH)
FINANCIAL REPORT FOR THE YEAR ENDED 31 MARCH 2021
CELESTIAL CHURCH OF CHRIST
HEPHZIBAH PARISH
INCOME & EXPENDITURE STATEMENT FOR THE YEAR ENDED 31 MARCH 2021
| Income Administrative Expenses Net Income surplus for the year Net profit brought forward Net profit carried forward |
2021 57,861 -51,301 6,560 45,864 52,424 |
2020 60,105 -45,896 |
||
|---|---|---|---|---|
| 14,209 31,655 |
||||
| 45,864 |
The principal activities of Celestial Church of Christ- Hephzibah Parish, the provision of extensive range of spiritual and religious charitable services , and intends to do so more extensively in the year to come
It is the Trustee's responsibility to ensure the financial statements prepared give a true and fair view of the state of affairs of the church as at the end of the Financial year, and the surplus/deficit for the year; and in addition, reasonable and prudent judgements and estimates have been used in the preparation of the accounts
Trustee Celestial Church of Christ (Hephzibah Parish)
CELESTIAL CHURCH OF CHRIST
HEPHZIBAH PARISH
BALANCE SHEET AT 31 MARCH 2021
| Fixed Assets: Church furniture Church van Musical equipment Computer etc. Investment property Furniture and fixings Current assets: Debtors Cash in hand and bank Current liabilities: Accruals and trade creditors Creditors due after 1 year Represented by: All Reserves b/f Equity in leasehold property Income surplus for the year |
19,444 19,444 -11,696 |
2021 3,153 - 12,146 577 146,000 2,959 164,835 7,748 172,583 -564 172,019 165,459 - 6,560 172,019 |
- 31,786 31,786 -13,712 |
2020 3,504 3,701 13,496 641 146,000 3,287 |
||
|---|---|---|---|---|---|---|
| 170,629 18,075 |
||||||
| 188,704 -23,245 |
||||||
| 165,459 | ||||||
| 151,250 - 14,209 |
||||||
| 165,459 |
CELESTIAL CHURCH OF CHRIST
HEPHZIBAH PARISH
INCOME & EXPENDITURE STATEMENT FOR THE YEAR ENDED 31 MARCH 2021
NOTES TO THE ACCOUNT
1 Accounting Policies
a) Basis of Accounting
The financial statements have been prepared under the historical cost convention
| 2 Debtors Unpaid pledges Prepayment - Rent deposit 3 Creditors Amount falling due within one year: Loan interest Bank loan on property Bank overdraft Accruals Amount falling due after one year: Mortgage outstanding on property Members' contributions |
2021 - - - 1,888 9,308 - 500 11,696 564 - 564 |
2020 - - |
||
|---|---|---|---|---|
| - | ||||
| 1,888 11,323 - 500 |
||||
| 13,712 | ||||
| 23,245 - |
||||
| 23,245 |
- 4 Charitable registration
The organisation is a registered charity and with the Charity Commission registration no. 1087491.
5 Historical Cost Profit and Loss
All assets are stated in the financial statement as historical cost. Therefore no adjustments are required to the reported profit which is stated on an unmodified historical cost basis.
CELESTIAL CHURCH OF CHRIST
HEPHZEBAH PARISH
STATEMENT OF INCOME AND EXPENDITURE FOR THE YEAR ENDED 31 MARCH 2021
| Income: Bank interest Collections Rental Income Gift aid and charitable receipts Private and General donation Tithes etc. Other income Less: Administrative expenses Rent and storage Repairs Mortgage Interest Harvest Loss on sale of church van Charitable donations HQ Travel Depreciation Bank interest & charges Insurance Shepherd's expenses Evangelism and welfare Telephone and internet Accountancy General Expenses Net surplus for the year |
22,500 1,636 2,236 250 2,952 11,200 265 2,093 - - 3,600 3,668 551 200 150 51,301 |
2021 28,096 12,408 1,025 7,636 8,696 - 57,861 -51,301 6,560 |
25,550 210 2,236 2,789 - 260 2,737 1 825 4,000 6,344 594 200 150 45,896 |
2020 30,375 10,250 1,317 7,843 9,855 465 |
||
|---|---|---|---|---|---|---|
| 60,105 -45,896 |
||||||
| 14,209 |
Signed by
Trustee
CELESTIAL CHURCH OF CHRIST
HEPHZEBAH PARISH
STATEMENT OF INCOME AND EXPENDITURE FOR THE YEAR ENDED 31 MARCH 2021
COMPILATION REPORT TO TRUSTEES OF CELESTIAL CHURUCH OF CHRIST
We have examined the Accounts on pages 1 according to Accounting principles of un-audited financial statement.
We report that the accompanying Financial Statements have been compiled from records kept by the church and information supplied by the Trustees.
We have not audited the accounts and accordingly, do not express an opinion or any other form of assurance.
ALLY BOATMAN COLLINS (ACCOUNTANTS) 62 BEECHWOOD ROAD LONDON E8 3DY
CELESTIAL CHURCH OF CHRIST
HEPHZEBAH PARISH
STATEMENT OF INCOME AND EXPENDITURE FOR THE YEAR ENDED 31 MARCH 2019
SHEDULE OF FIXED ASSETS
| NBV B/f 31.3.2016 Depreciation Yr. Charg NBV as at 31 MAR 201 NBV B/F 31.3.2017 Depreciation Yr. Charg NBV as at 31.3.18 NBV B/F 31.3.2018 Addition in year NBV bf at 1.4.2018 Depre. Yr. Charge NBV as at 31.3.19 NBV bf at 1.4.2019 Depre. Yr. Charge NBV as at 31.3.20 NBV bf at 1.4.2020 Disposal Depre. Yr. Charge NBV as at 31.3.21 |
NBV B/f 31.3.2016 Depreciation Yr. Charg NBV as at 31 MAR 201 NBV B/F 31.3.2017 Depreciation Yr. Charg NBV as at 31.3.18 NBV B/F 31.3.2018 Addition in year NBV bf at 1.4.2018 Depre. Yr. Charge NBV as at 31.3.19 NBV bf at 1.4.2019 Depre. Yr. Charge NBV as at 31.3.20 NBV bf at 1.4.2020 Disposal Depre. Yr. Charge NBV as at 31.3.21 |
Furniture & Fittings 4,112 -205.6 |
Church Furniture 5,059 -252.95 |
Musical Equipment Computer Church Etc. Etc. Van 19,487 926 5,344 -974 -46.3 -267.2 |
Total 34,928 -1,746 |
|---|---|---|---|---|---|
| 3,906 | 4,806 | 18,513 880 5,077 |
33,182 | ||
| 3,905 -391 |
4,806 -481 |
18,513 880 5,077 -1,851 -88 -508 |
33,181 -3,318 |
||
| 3,515 | 4,325 | 16,662 792 4,569 |
29,863 | ||
| 3,515 544 |
4,325 | 16,662 792 4,569 |
29,863 544 |
||
| 4,059 -406 |
4,325 -433 |
16,662 792 4,569 -1,666 -79 -457 |
30,407 -3,041 |
||
| 3,653 | 3,893 | 14,996 713 4,112 |
27,366 | ||
| 3,653 -365 |
3,893 -389 |
14,996 713 4,112 -1,500 -71 -411 |
27,366 -2,737 |
||
| 3,287 | 3,504 | 13,496 641 3,701 |
24,629 | ||
| 3,287 | 3,504 | 13,496 641 3,701 -3,701 |
24,629 -3,701 |
||
| 3,287 -329 |
3,504 -350 |
13,496 641 - -1,350 -64 - |
20,928 -2,093 |
||
| 2,959 | 3,153 | 12,146 577 |
18,836 |