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<br>Administrative Expenses<br>Net Income surplus for the year<br>Net profit brought forward<br>Net profit carried forward||2021<br>57,861<br>-51,301<br>6,560<br>45,864<br>52,424||2020<br>60,105<br>-45,896|
|---|---|---|---|---|
|||||14,209<br>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:**<br>Church furniture<br>Church van<br>Musical equipment<br>Computer etc.<br>Investment property<br>Furniture and fixings<br>**Current assets:**<br>Debtors<br>Cash in hand and bank<br>**Current liabilities:**<br>Accruals and trade creditors<br>Creditors due after 1 year<br>Represented by:<br>All Reserves b/f<br>Equity in leasehold property<br>Income surplus for the year|19,444<br>19,444<br>-11,696||2021<br>3,153<br>-<br>12,146<br>577<br>146,000<br>2,959<br>164,835<br>7,748<br>172,583<br>-564<br>172,019<br>165,459<br>-<br>6,560<br>172,019|-<br>31,786<br>31,786<br>-13,712||2020<br>3,504<br>3,701<br>13,496<br>641<br>146,000<br>3,287|
|---|---|---|---|---|---|---|
|||||||170,629<br>18,075|
|||||||188,704<br>-23,245|
|||||||165,459|
|||||||151,250<br>-<br>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<br>Debtors<br>Unpaid pledges<br>Prepayment - Rent deposit<br>3<br>Creditors<br>Amount falling due within one year:<br>Loan interest<br>Bank loan on property<br>Bank overdraft<br>Accruals<br>Amount falling due after one year:<br>Mortgage outstanding on property<br>Members' contributions||2021<br>-<br>-<br>-<br>1,888<br>9,308<br>-<br>500<br>11,696<br>564<br>-<br>564||2020<br>-<br>-|
|---|---|---|---|---|
|||||-|
|||||1,888<br>11,323<br>-<br>500|
|||||13,712|
|||||23,245<br>-|
|||||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:<br>Bank interest<br>Collections<br>Rental Income<br>Gift aid and charitable receipts<br>Private and General donation<br>Tithes etc.<br>Other income<br>Less: Administrative expenses<br>Rent and storage<br>Repairs<br>Mortgage Interest<br>Harvest<br>Loss on sale of church van<br>Charitable donations HQ<br>Travel<br>Depreciation<br>Bank interest & charges<br>Insurance<br>Shepherd's expenses<br>Evangelism and welfare<br>Telephone and internet<br>Accountancy<br>General Expenses<br>Net surplus for the year|22,500<br>1,636<br>2,236<br>250<br>2,952<br>11,200<br>265<br>2,093<br>-<br>-<br>3,600<br>3,668<br>551<br>200<br>150<br>51,301||2021<br>28,096<br>12,408<br>1,025<br>7,636<br>8,696<br>-<br>57,861<br>-51,301<br>6,560|25,550<br>210<br>2,236<br>2,789<br>-<br>260<br>2,737<br>1<br>825<br>4,000<br>6,344<br>594<br>200<br>150<br>45,896||2020<br>30,375<br>10,250<br>1,317<br>7,843<br>9,855<br>465|
|---|---|---|---|---|---|---|
|||||||60,105<br>-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<br>Depreciation Yr. Charg<br>NBV as at 31 MAR 201<br>NBV B/F 31.3.2017<br>Depreciation Yr. Charg<br>NBV as at 31.3.18<br>NBV B/F 31.3.2018<br>Addition in year<br>NBV bf at 1.4.2018<br>Depre. Yr. Charge<br>NBV as at 31.3.19<br>NBV bf at 1.4.2019<br>Depre. Yr. Charge<br>NBV as at 31.3.20<br>NBV bf at 1.4.2020<br>Disposal<br>Depre. Yr. Charge<br>NBV as at 31.3.21|NBV B/f 31.3.2016<br>Depreciation Yr. Charg<br>NBV as at 31 MAR 201<br>NBV B/F 31.3.2017<br>Depreciation Yr. Charg<br>NBV as at 31.3.18<br>NBV B/F 31.3.2018<br>Addition in year<br>NBV bf at 1.4.2018<br>Depre. Yr. Charge<br>NBV as at 31.3.19<br>NBV bf at 1.4.2019<br>Depre. Yr. Charge<br>NBV as at 31.3.20<br>NBV bf at 1.4.2020<br>Disposal<br>Depre. Yr. Charge<br>NBV as at 31.3.21|**Furniture**<br>**& Fittings**<br>4,112<br>-205.6|**Church**<br>**Furniture**<br>5,059<br>-252.95|**Musical**<br>**Equipment**<br>**Computer**<br>**Church**<br>**Etc.**<br>**Etc.**<br>**Van**<br>19,487<br>926<br>5,344<br>-974<br>-46.3<br>-267.2|**Total**<br>34,928<br>-1,746|
|---|---|---|---|---|---|
|||3,906|4,806|18,513<br>880<br>5,077|33,182|
|||3,905<br>-391|4,806<br>-481|18,513<br>880<br>5,077<br>-1,851<br>-88<br>-508|33,181<br>-3,318|
|||3,515|4,325|16,662<br>792<br>4,569|29,863|
|||3,515<br>544|4,325|16,662<br>792<br>4,569|29,863<br>544|
|||4,059<br>-406|4,325<br>-433|16,662<br>792<br>4,569<br>-1,666<br>-79<br>-457|30,407<br>-3,041|
|||3,653|3,893|14,996<br>713<br>4,112|27,366|
|||3,653<br>-365|3,893<br>-389|14,996<br>713<br>4,112<br>-1,500<br>-71<br>-411|27,366<br>-2,737|
|||3,287|3,504|13,496<br>641<br>3,701|24,629|
|||3,287|3,504|13,496<br>641<br>3,701<br>-3,701|24,629<br>-3,701|
|||3,287<br>-329|3,504<br>-350|13,496<br>641<br>-<br>-1,350<br>-64<br>-|20,928<br>-2,093|
|||2,959|3,153|12,146<br>577|18,836|