2021-12-31-accounts - The Celestial Church Of Christ Salvation Ark Parish

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CCC SALVATION ARK PARISH TRUSTEES' REPORT AND ACCOUNTS YEAR ENDED 31ST DECEMBER 2021

CHARITY REGISTRATION NO: 1111122

CCC SALVATION ARK PARISH FINANCIAL STATEMENTS YEAR ENDED 31ST DECEMBER 2021

CONTENTS	PAGE
LEGAL AND ADMINISTRATIVE INFORMATION	1
REPORT OF THE TRUSTEES	2-3
INDEPENDENT EXAMINERS REPORT	4
STATEMENT OF FINANCIAL ACTIVITIES	5
BALANCE SHEET	6
NOTES TO THE FINANCIAL STATEMENTS	7-9
DETAILED STATEMENT OF FINANCIAL ACTIVITIES	10

CCC SALVATION ARK PARISH LEGAL AND ADMINISTRATIVE INFORMATION YEAR ENDED 31ST DECEMBER 2021

CHARITY REGISTRATION NUMBER: 1111122 REGISTERED OFFICE: 12 Greengage Grove Village Manchester M13 9GA TRUSTEES: Adeniyi Adenuga Samuel O Jide-Banwo Olufunmilayo Adenuga

INDEPENDENT EXAMINER

Sigmez Accountants Ltd Business and Charity Advisors 192 Varley Street Miles Plating Manchester M40 7EJ

CCC SALVATION ARK PARISH REPORT OF THE TRUSTEES YEAR ENDED 31ST DECEMBER 2021

The trustees present their report with the financial statements of the charity for the year ended 31st December 2021. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.

STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.

Risk management

The Board of Trustees is ultimately responsible for the system of internal control and for reviewing its effectiveness. However, such a system is designed to manage rather than eliminate the risk of failure to achieve business objectives, and can only provide reasonable and not absolute assurance against material misstatement of loss.

The Board has reviewed the effectiveness of the system of internal control. In particular, it has reviewed and updated the process for identifying and evaluating the major risks affecting the business and the policies and procedures by which these risks are managed.

OBJECTIVES AND ACTIVITIES

Objectives and Aims

The Charity's objects are, for the benefit of the public:-

1) The advancement of the Christian religion;
2) To promote the work of the Church within the community and assisting those in need

3) The furtherance of the charitable work of the Charity by the advancement of such other charitable purposes as the Trustees shall from time to time decide.

Significant activities

During the year the Charity has been compliant in the execution of its public benefit responsibilities by supporting other Churches in the UK as places where people are free to enter for spiritual worship and engage in a number of social functions. Activities and programs gradually resumed after the impact of the Covid -19 pandemic.

In the planning of activities for the year, and having given due consideration to the Charity Commission's guidance on public benefit, and the specific guidance on charities for the advancement of religion in particular, the Charity has been committed in its efforts of advancing the objectives of Church in general and in providing welfare for members and the wider community who are facing hardship.

RESERVE POLICY

The Trustees aim to retain sufficient free reserves at a level which equate to three months of unrestricted expenditure. These reserves are held in case of any sudden decline in income and to ensure that we can meet our commitments to providing our services and activities. Specifically, these commitments include our contractual obligations in relation to our support and outreach work.

FINANCIAL REVIEW

The Trustees have implemented robust budgetary controls to monitor costs in an effort to continue to deliver its service in the future. Income - the total income for the twelve months under review was £31,931 (2020: £27,856)

Expenditure - total expenditure in the year was £54,609. The Charity recorded an operating deficit for the year of £22,678; and carries forward Unrestricted funds of £79,452 and restricted funds of £400,000.

During the year the Trustees continued to place emphasis on financial management to ensure that the funds within the organisation are properly managed.

CCC SALVATION ARK PARISH REPORT OF THE TRUSTEES YEAR ENDED 31ST DECEMBER 2021

STATEMENT OF TRUSTEE RESPONSIBILITIES

The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales, the Charities Act 2011, Charity Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each (Accounts and Reports) financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure of the charity for that period. In preparing those financial statements, the trustees are required to:

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charity SORP;
make judgements and estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charity's Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report is prepared in accordance with the special provision of Part 15 of the Companies Act 2006 relating to small companies.

Approved by order of the Board of Trustees on 7th May, 2022 and signed:

ON BEHALF OF THE BOARD:

............................................. Adeniyi Adenuga- Trustee

REPORT OF THE INDEPENDENT EXAMINER CCC SALVATION ARK PARISH YEAR ENDED 31ST DECEMBER 2021

I report on the accounts for the year ended 31st December 2021 set out on pages five to nine.

Respective responsibilities of trustees and examiner

The Charity's Trustees (who are also the Directors for the purposes of Company Law) are responsible for the preparation of the accounts. The Charity's Trustees consider that an independent examination is required. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

examine the accounts under Section 145 of the 2011 Act
to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act); and
to state whether particular matters have come to my attention.

Basis of the independent examiners report

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts

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 comply with the accounting requirements of the 2011 Act

have not been met; or

(2) to which, in my opinion, attention should be draw in order to enable a proper understanding of the accounts to be reached.

Omowunmi Shitta, FCCA

Sigmez Accountants Ltd Business and Charity Advisors

192 Varley Street Miles Plating Manchester M40 7EJ

Date: 7th May, 2022

	5
Unrestricted funds Restricted funds INCOMING RESOURCES Notes £ £ *Incoming resources from generated funds* Voluntary Income 2 31,931 - RESOURCES EXPENDED Charitable Activities 3 17,277 - Support Costs 4 35,818 - Governance Costs 5 1,514 - TOTAL RESOURCES EXPENDED 54,609 - NET INCOME/EXPENDITURE FOR THE YEAR (22,678) - RECONCILIATION OF FUNDS Revaluation reserves - restricted - 400,000 Funds brought forward - Unrestricted 102,130 - TOTAL FUNDS CARRIED FORWARD £79,452 £400,000 CCC SALVATION ARK PARISH STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31ST DECEMBER 2021	2021 2020 £ £ 31,931 27,856 - - - - 17,277 15,586 35,818 35,867 1,514 1,413 54,609 52,866 (22,678) (25,010) 400,000 400,000 102,130 127,140 £479,452 £502,130	2020 £ 27,856 15,586 35,867 1,413 52,866 (25,010)	2020 £ 27,856
			15,586 35,867 1,413 52,866
		400,000 127,140

None of the charity's activities were acquired or discontinued during the year and there were no recognised gains and losses for 2021 or 2020 other than those included in the statement of financial activities.

The notes on pages 7 to 9 form part of these accounts.

CCC SALVATION ARK PARISH BALANCE SHEET YEAR ENDED 31ST DECEMBER 2021

Notes FIXED ASSETS Tangible Assets 6 CURRENT ASSETS Cash at bank and in hand CREDITORS: due within one year 8 Net Current Assets TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS: due after one year 9 TOTAL ASSETS LESS CURRENT LIABILITIES FUNDS: Restricted Funds 10 Unrestricted Funds 10 Total funds	2021 £489,689 12,277 (4,013) 8,264 497,953 (18,501) £479,452 2021 400,000 79,452 £479,452	2020 £513,506	2020 £513,506	2020 £513,506
		10,973 (3,848) 7,125 520,631 (18,501) £502,130	10,973 (3,848) 7,125 520,631 (18,501)	10,973 (3,848)
		2020 400,000 102,130 £502,130	2020 400,000 102,130

The financial statements were approved by the Board of Trustees on 7th May, 2022 and were signed on its behalf by:

……………………………………………………. Adeniyi Adenuga- Trustee

The notes on pages 7 to 9 form part of these accounts.

CCC SALVATION ARK PARISH NOTES TO THE ACCOUNTS YEAR ENDED 31ST DECEMBER 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

The CCC Salvation Ark Parish meets the definition of a public benefit entity under FRS 102.

Incoming resources

All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Donations and other incoming resources - Income from tithes of the network churches in the forum when these are receivable.

Resources expended

Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Charitable activities

Costs of charitable activities are those costs relating to the activities carried out to meet the objectives of the Church. These include both directly attributable costs and apportioned support costs.

Governance costs

Governance costs are the costs associated with the strategic direction of the organisation and with meeting regulatory responsibilities including apportioned support cost.

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund Accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

useful life.
Freehold property	- 2% on cost
Furniture& equipment	- 20% on cost
Motor vehicles	- 20% on cost

CCC SALVATION ARK PARISH NOTES TO THE ACCOUNTS YEAR ENDED 31ST DECEMBER 2021

2. VOLUNTARY INCOME Tithes and Offerings Gift Aid Total incoming resources 3. CHARITABLE ACTIVITIES Charitable donations Conference and meeting Honorarium Ministry expenses Evangelism and special events Media expenses 4. SUPPORT COSTS: MANAGEMENT Rates and water Insurance Light and heat Telephone Repairs and maintenance Travel expense Office and adminstrative expense Motor vehicle expenses Subscription Depreciation - Owned Assets 5. GOVERNANCE COSTS Legal and professional fees	2021 2020 28,098 23,744 3,833 4,112 £31,931 £27,856 1,600 3,650 1,510 1,500 0 0 11,706 3,665 2,299 700 162 6,071 17,277 15,586 323 202 2,738 3,342 1,353 1,135 2,857 2,687 140 100 250 250 150 150 3,830 3,824 360 360 23,817 23,817 35,818 35,867 1,514 1413 1,514 1,413	2021 2020 28,098 23,744 3,833 4,112 £31,931 £27,856 1,600 3,650 1,510 1,500 0 0 11,706 3,665 2,299 700 162 6,071 17,277 15,586 323 202 2,738 3,342 1,353 1,135 2,857 2,687 140 100 250 250 150 150 3,830 3,824 360 360 23,817 23,817 35,818 35,867 1,514 1413 1,514 1,413
		3,650 1,500 0 3,665 700 6,071 15,586
		202 3,342 1,135 2,687 100 250 150 3,824 360 23,817
		35,867
		1413 1,413

Fixtures and	Fixtures and	Total 125,534 400,000 92,055 (550) 617,039
Fittings
550 - 92,055 (550) 92,055 73,644 - 18,411 92,055 - £18,411	550 - 92,055 (550) 92,055
	73,644 - 18,411	103,533 - 23,817 127,350
	92,055

6. FIXED ASSETS

CCC SALVATION ARK PARISH NOTES TO THE ACCOUNTS YEAR ENDED 31ST DECEMBER 2021

7. TRUSTEES REMUNERATION AND BENEFITS

Trustees' expenses

There are no paid staff. All tasks are carried out by Trustees who are not remunerated and do not receive any expenses or benefits for their activities.

8. CREDITORS : Amounts due within one year Accruals 9. CREDITORS : Amounts falling due after one year Other Creditors 10. MOVEMENTS IN FUNDS Unrestricted Funds General Fund Restricted Funds Unrestricted Funds General fund for the year General fund brought forward Total funds	Incoming Resources £31,931	2021 4,013 - £4,013 2021 £18,501 - Resources Expended £54,609 2021 £400,000 (£22,678) £102,130 79,452 £479,452	2020 3,848 - £3,848 2020 £18,501 - Movement in	2020 3,848 - £3,848 2020 £18,501 - Movement in	2020 3,848 - £3,848 2020 £18,501 - Movement in
				Funds (£22,678)	Funds

				2020 £400,000
				(£25,010) £127,140
				102,130 £502,130

11. REVALUATION OF PROPERTY

There was no official valuation of the property by an approved valuator.

12. EXTRA ORDINARY EVENT

There are no extra ordinary event.

CCC SALVATION ARK PARISH INCOME AND EXPENDITURE YEAR ENDED 31ST DECEMBER 2021

Incoming Resources:
Voluntary income:
Tithes and Offerings
Gift Aid
Total incoming resources
RESOURCES EXPENDED:
Charitable activities:
Charitable donations
Conference and meeting
Honorarium
Ministry expenses
Music
Media expenses
SUPPORT COSTS: MANAGEMENT
Rates and water
Insurance
Light and heat
Telephone
Repairs and maintenance
Travel expense
Office and adminstrative expense
Motor vehicle expenses
Subscription
Depreciation - Owned Assets
GOVERNANCE COSTS
Accountancy Fees
Total resources expended
Net expenditure

2021
2020
£
£
28,098
23,744
3,833
4,112
£31,931
£27,856
1,600
3,650
1,510
1,500
0
0
11,706
3,665
2,299
700
162
6,071
17,277
15,586
323
202
2,738
3,342
1,353
1,135
2,857
2,687
140
100
250
250
150
150
3,830
3,824
360
360
23,817
23,817
35,818
35,867
1,514
1,413
1,514
1,413
£54,609
£52,866
(£22,678)
(£25,010)