CELESTIAL CHURCH OF CHRIST
(HEPHZIBAH PARISH)
FINANCIAL REPORT FOR THE YEAR ENDED 31 MARCH 2025
CELESTIAL CHURCH OF CHRIST
HEPHZIBAH PARISH
INCOME & EXPENDITURE STATEMENT FOR THE YEAR ENDED 31 MARCH 2025
| Income Administratve Expenses Net Income surplus for the year Net proft brought forward Net proft carried forward |
2025 64,614 -45,361 19,253 63,167 82,420 |
2024 69,396 -53,156 |
|---|---|---|
| 16,240 46,927 |
||
| 63,167 |
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 2025 Fixed Assets: Church furniture Church furniture Musical equipment Computer etc. Investment property Current assets: Debtors Cash in hand and bank Current liabilites: Accruals and trade creditors Creditors due afer 1 year Represented by: All Reserves b/f Equity in leasehold property Income surplus for the year |
2025 2024 2,190 2,190 2,333 2,333 11,449 11,449 427 427 146,000 146,000 162,399 162,399 - - 42,855 23,602 42,855 23,602 -500 -500 42,355 23,102 204,754 185,501 - - 204,754 185,501 0 0 185,501 169,261 - - 19,253 16,240 204,754 185,501 |
2024 2,190 2,333 11,449 427 146,000 |
|---|---|---|
| 185,501 |
CELESTIAL CHURCH OF CHRIST
HEPHZIBAH PARISH
INCOME & EXPENDITURE STATEMENT
FOR THE YEAR ENDED 31 MARCH 2025
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 overdraft Bank loan on property Accruals Amount falling due after one year: Mortgage outstanding on property Members' contributons |
2025 - - - - - - 500 500 - 0 |
2024 - - |
||
|---|---|---|---|---|
| - | ||||
| - - - 500 |
||||
| 500 | ||||
| - | - | - | ||
| 0 |
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 2025
| Income: Bank interest Collectons Rental Income Gif aid and charitable receipts Private and General donaton Tithes etc. Other income Church purchase donatons Less: Administratve expenses Rent and storage Light and Heatng Mortgage Interest Harvest Welfare Charitable donatons Depreciaton Bank charges Travel and Subsistance Repairs and Renewals Insurance Shepherd's expenses legal and Professional fee Radio, evangelism and welfare Telephone and internet Accountancy General Expenses Net surplus for the year |
2025 2024 16,863 12,330 9,318 12,755 11,113 7,580 26,620 35,949 700 782 64,614 69,396 29,184 31,280 - - 481 120 1,390 3,683 3,600 2,881 4,650 850 8,040 6,300 4,900 172 486 300 200 45,361 53,156 -45,361 -53,156 19,253 16,240 |
2024 12,330 12,755 7,580 35,949 782 |
|---|---|---|
| 16,240 |
Signed by
Trustee
CELESTIAL CHURCH OF CHRIST
HEPHZEBAH PARISH
STATEMENT OF INCOME AND EXPENDITURE FOR THE YEAR ENDED 31 MARCH 2025
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.
PROVIDENCE ACCOUNTING SERVICES (ACCOUNTANTS) 62 BEECHWOOD ROAD LONDON E8 3DY
CELESTIAL CHURCH OF CHRIST
HEPHZEBAH PARISH
STATEMENT OF INCOME AND EXPENDITURE FOR THE YEAR ENDED 31 MARCH 2025
SHEDULE OF FIXED ASSETS
| NBV B/f 31.3.2021 Deprecaton Yr. charge NBV as at 31 MAR 2022 NBV B/f 31.3.2022 Deprecaton Yr. charge NBV as at 31 MAR 2023 NBV B/f 1 APR 2023 Additon Deprecaton Yr. charge NBV as at 31 MAR 2024 NBV B/f 1 APR 2024 Additon Deprecaton Yr. charge NBV as at 31 MAR 2025 |
Furniture & Fitngs 2,959 -148 |
Church Furniture 3,153 -158 |
Musical Equipment Computer Etc. Etc. 12,146 577 -607 -29 |
Total 18,835 -942 |
|
|---|---|---|---|---|---|
| 2,811 | 2,995 | 11,539 548 |
17,893 | ||
| 2,811 -141 |
2,995 -150 |
11,539 548 -577 -27 |
17,893 -895 |
||
| 2,670 | 2,846 | 10,962 521 |
16,999 | ||
| 2,670 | 2,846 | 10,962 521 3,000 |
16,999 | ||
| 2,670 -481 |
2,846 -512 |
13,962 521 -2,513 -94 |
19,999 -3,600 |
||
| 2,190 | 2,333 | 11,449 427 |
16,399 | ||
| 2,190 | 2,333 | 11,449 427 4,065 |
16,399 | ||
| 2,190 -394 |
2,333 -420 |
15,514 427 -2,792 -77 |
20,464 -3,683 |
||
| 1,796 | 1,913 | 12,721 350 |
16,780 |
Date Account Subcategory Memo
| Category | Amount |
|---|---|
| Ofering/Tithe Total | 26,619.86 |
| Rental Income Total | 16,862.65 |
| Harvest Total | 11,112.60 |
| Gif Aid Total | 9,318.00 |
| Mrs O Aker BG Total | 700.00 |
| Legal and professional fee | Tot- 100.00 |
| Staf Welfare Total | - 120.00 |
| Phone Total | - 171.57 |
| Refunds Total | - 480.69 |
| Repairs Total | - 850.00 |
| Donaton Total | - 1,390.00 |
| Travel and Subsistance Total - 2,881.00 | |
| Fixed asset Total | - 4,065.00 |
| Rent and Rates Total | - 5,213.30 |
| Legal Fees Total | - 6,200.00 |
| Savings Total | - 13,000.00 |
| Storage Total | - 23,971.18 |
| Grand Total | 6,170.37 |
Subcategory
Account
Date
11/23/2023 20-80-57 70839981 Debit
| Memo | Category | Amount |
|---|---|---|
| Ofering/Tithe Total | 35,948.74 | |
| Gif Aid Total | 12,755.23 | |
| Rental Income Total | 12,330.00 | |
| Harvest Total | 7,580.28 | |
| Staf Welfare Total | 781.57 | |
| Repairs and Renewals Total | - 300.00 | |
| Phone Total | - 486.00 | |
| Legal Fees Total | - 2,400.00 | |
| legal and Professional fee Tot | - 2,500.00 | |
| E O FARODOYE MEDIA CHURCH TFT | Fixed Asset | - 3,000.00 |
| Fixed Asset Total | - 3,000.00 | |
| Travel and Subsistance Total | - 4,650.00 | |
| Repairs Total | - 4,740.00 | |
| Savings Total | - 12,000.00 | |
| Rent and Rates Total | - 31,279.80 | |
| Grand Total | 8,040.02 |