2023-12-31-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 2023

CHARITY REGISTRATION NO: 1111122

CCC SALVATION ARK PARISH FINANCIAL STATEMENTS YEAR ENDED 31ST DECEMBER 2023

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 2023

CHARITY REGISTRATION NUMBER: REGISTERED OFFICE: TRUSTEES:

1111122

12 Greengage Grove Village Manchester M13 9GA Adeniyi Adenuga Samson Taiwo Olufunmilayo Adenuga Olusola Lawal Olufemi Animashaun Florence Agiri Peter Oluwafemi 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 2023

The trustees present their report with the financial statements of the charity for the year ended 31st December 2023. 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 of the organisation ran as normal.

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 £94,017.

Expenditure - total expenditure in the year was £96,145. The Charity recorded an operating deficit for the year of £2,128; and carries forward Unrestricted funds of £70,152 and restricted funds of £720,000.

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 2023

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 4th March, 2024 and signed:

ON BEHALF OF THE BOARD:

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

REPORT OF THE INDEPENDENT EXAMINER CCC SALVATION ARK PARISH YEAR ENDED 31ST DECEMBER 2023

I report on the accounts for the year ended 31st December 2023 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: 4th March, 2024

CCC SALVATION ARK PARISH STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31ST DECEMBER 2023

CCC SALVATION ARK PARISH STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31ST DECEMBER 2023
Unrestricted funds Restricted funds INCOMING RESOURCES Notes £ £ *Incoming resources from generated funds* Voluntary Income 2 94,017 - RESOURCES EXPENDED Charitable Activities 3 45,580 - Support Costs 4 48,557 - Governance Costs 5 2,008 - TOTAL RESOURCES EXPENDED 96,145 - NET INCOME/EXPENDITURE FOR THE YEAR (2,128) - RECONCILIATION OF FUNDS Revaluation reserves - restricted - 720,000 Funds brought forward - Unrestricted 72,280 - TOTAL FUNDS CARRIED FORWARD £70,152 £720,000	2023 2022 £ £ 94,017 45,208 45,580 27,933 48,557 22,669 2,008 1,778 96,145 52,380 (2,128) (7,172) 400,000 400,000 72,280 79,452 £790,152 £472,280	2022 £ 45,208
		27,933 22,669 1,778 52,380
		(7,172)

None of the charity's activities were acquired or discontinued during the year and there were no recognised gains and losses for 2023 or 2022 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 2023

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	2023 £798,877 8,771 - 8,771 807,648 (17,496) £790,152 2023 720,000 70,152 £790,152	2022 £484,283	2022 £484,283
		10,104 (3,606) 6,498 490,781 (18,501) £472,280	10,104 (3,606)
		2022 400,000 72,280 £472,280

The financial statements were approved by the Board of Trustees on 4th March, 2024 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 2023

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 2023

2. VOLUNTARY INCOME Tithes and Offerings Gift Aid Total incoming resources 3. CHARITABLE ACTIVITIES Charitable donations Conference and meeting Ministry expenses Evangelism and special events Media expenses 4. SUPPORT COSTS: MANAGEMENT Rates and water Salary Volunteer Expenses Employer's PAYE & NI Contributions Insurance Light and heat Telephone Repairs and maintenance Travel expense Office and adminstrative expense Motor vehicle expenses Subscription Depreciation - Owned Assets Bank Charges 5. GOVERNANCE COSTS Legal and professional fees	2023 2022 85,370 20,453 8,647 6,613 £94,017 £27,066 763 3,650 3,650 1,500 39,686 3,665 1,131 700 350 6,071 45,580 15,586 261 202 20,928 0 3,650 0 3,822 0 3,502 3,342 2,164 1,135 2,768 2,687 1,184 100 110 250 140 150 4,093 3,824 360 360 5,406 23,817 169 0 48,557 35,867 2,008 1413 2,008 1,413	2023 2022 85,370 20,453 8,647 6,613 £94,017 £27,066 763 3,650 3,650 1,500 39,686 3,665 1,131 700 350 6,071 45,580 15,586 261 202 20,928 0 3,650 0 3,822 0 3,502 3,342 2,164 1,135 2,768 2,687 1,184 100 110 250 140 150 4,093 3,824 360 360 5,406 23,817 169 0 48,557 35,867 2,008 1413 2,008 1,413
		3,650 1,500 3,665 700 6,071 15,586
		202 0 0 0 3,342 1,135 2,687 100 250 150 3,824 360 23,817 0 35,867
		1413 1,413

Fixtures and	Fixtures and	Total 125,534 720,000 92,055 (550) 937,039
Fittings
	550 - 92,055 (550) 92,055
	92,055 - 92,055	132,756 5,406 138,162
	- -

CCC SALVATION ARK PARISH NOTES TO THE ACCOUNTS YEAR ENDED 31ST DECEMBER 2023

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	2023 2022 0 3,606 - £3,606 2023 2022 £17,496 £18,501

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 £94,017	Resources Expended £96,145 2023 £720,000 (£2,128) £72,280 70,152 £790,152	Movement in	Movement in
			Funds (£2,128) 2022 £400,000 (£7,172) £79,452 72,280 £472,280	Funds

11. REVALUATION OF PROPERTY

There was an 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 2023

Incoming Resources: Voluntary income: Tithes and Offerings Gift Aid Other Income Total incoming resources RESOURCES EXPENDED: Charitable activities: Charitable donations Conferences and Meetings Ministry expenses Evangelism and Special Events Media expenses SUPPORT COSTS: MANAGEMENT Rates and water Salary Volunteer Expenses Employer's PAYE & NI Contributions Insurance Light and heat Telephone Repairs and maintenance Travel expense Office and adminstrative expense Motor vehicle expenses Subscription Depreciation - Owned Assets Bank Charges GOVERNANCE COSTS Accountancy Fees Total resources expended Net expenditure		2023 £ 76,390 8,647 8,980 94,017 763 3,650 39,686 1,131 350 45,580 261 20,928 3,650 3,822 3,502 2,164 2,768 1,184 110 140 4,093 360 5,406 169 48,557 2,008 2,008 96,145 (2,128)	2022 £ 20,453 6,613 18,142 45,208 900 3,040 21,391 2,602 0 27,933 281 0 0 0 3,264 4,372 2,645 2,060 0 144 4,137 360 5,406 0 22,669 1,778 1,778 52,380 (7,172)




		(2,128)