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<br>Administratve Expenses<br>Net Income surplus for the year<br>Net proft brought forward<br>Net proft carried forward|2025<br>64,614<br>-45,361<br>19,253<br>63,167<br>82,420|2024<br>69,396<br>-53,156|
|---|---|---|
|||16,240<br>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<br>**Fixed Assets:**<br>Church furniture<br>Church furniture<br>Musical equipment<br>Computer etc.<br>Investment property<br>**Current assets:**<br>Debtors<br>Cash in hand and bank<br>**Current liabilites:**<br>Accruals and trade creditors<br>Creditors due afer 1 year<br>Represented by:<br>All Reserves b/f<br>Equity in leasehold property<br>Income surplus for the year|2025<br>2024<br>2,190<br>2,190<br>2,333<br>2,333<br>11,449<br>11,449<br>427<br>427<br>146,000<br>146,000<br>162,399<br>162,399<br>-<br>-<br>42,855<br>23,602<br>42,855<br>23,602<br>-500<br>-500<br>42,355<br>23,102<br>204,754<br>185,501<br>-<br>-<br>204,754<br>185,501<br>0<br>0<br>185,501<br>169,261<br>-<br>-<br>19,253<br>16,240<br>204,754<br>185,501|2024<br>2,190<br>2,333<br>11,449<br>427<br>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<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 overdraft<br>Bank loan on property<br>Accruals<br>Amount falling due after one year:<br>Mortgage outstanding on property<br>Members' contributons||2025<br>-<br>-<br>-<br>-<br>-<br>-<br>500<br>500<br>-<br>0||2024<br>-<br>-|
|---|---|---|---|---|
|||||-|
|||||-<br>-<br>-<br>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:<br>Bank interest<br>Collectons<br>Rental Income<br>Gif aid and charitable receipts<br>Private and General donaton<br>Tithes etc.<br>Other income Church purchase donatons<br>Less: Administratve expenses<br>Rent and storage<br>Light and Heatng<br>Mortgage Interest<br>Harvest<br>Welfare<br>Charitable donatons<br>Depreciaton<br>Bank charges<br>Travel and Subsistance<br>Repairs and Renewals<br>Insurance<br>Shepherd's expenses<br>legal and Professional fee<br>Radio, evangelism and welfare<br>Telephone and internet<br>Accountancy<br>General Expenses<br>Net surplus for the year|2025<br>2024<br>16,863<br>12,330<br>9,318<br>12,755<br>11,113<br>7,580<br>26,620<br>35,949<br>700<br>782<br>64,614<br>69,396<br>29,184<br>31,280<br>-<br>-<br>481<br>120<br>1,390<br>3,683<br>3,600<br>2,881<br>4,650<br>850<br>8,040<br>6,300<br>4,900<br>172<br>486<br>300<br>200<br>45,361<br>53,156<br>-45,361<br>-53,156<br>19,253<br>16,240|2024<br>12,330<br>12,755<br>7,580<br>35,949<br>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<br>Deprecaton Yr. charge<br>NBV as at 31 MAR 2022<br>NBV B/f  31.3.2022<br>Deprecaton Yr. charge<br>NBV as at 31 MAR 2023<br>NBV B/f  1 APR 2023<br>Additon<br>Deprecaton Yr. charge<br>NBV as at 31 MAR 2024<br>NBV B/f  1 APR 2024<br>Additon<br>Deprecaton Yr. charge<br>NBV as at 31 MAR 2025||**Furniture**<br>**& Fitngs**<br>2,959<br>-148|**Church**<br>**Furniture**<br>3,153<br>-158|**Musical**<br>**Equipment**<br>**Computer**<br>**Etc.**<br>**Etc.**<br>12,146<br>577<br>-607<br>-29|**Total**<br>18,835<br>-942|
|---|---|---|---|---|---|
|||**2,811**|**2,995**|**11,539**<br>**548**|**17,893**|
|||2,811<br>-141|2,995<br>-150|11,539<br>548<br>-577<br>-27|17,893<br>-895|
|||2,670|2,846|10,962<br>521|16,999|
|||2,670|2,846|10,962<br>521<br>3,000|16,999|
|||2,670<br>-481|2,846<br>-512|13,962<br>521<br>-2,513<br>-94|19,999<br>-3,600|
|||2,190|2,333|11,449<br>427|16,399|
|||2,190|2,333|11,449<br>427<br>4,065|16,399|
|||2,190<br>-394|2,333<br>-420|15,514<br>427<br>-2,792<br>-77|20,464<br>-3,683|
|||1,796|1,913|12,721<br>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|