Reglstered Charity Number 1115753 CELESTIAL CHURCH OF CHRIST HOREB OF GOD PARISH Report and Accounts 31 December 2022
CELESllAL CHURCH OF CHRisr HOREB OF GOD PARISH Report and Accounts Contents Page Legal and Adminlstrntlve lnfomatlon Trustees, Report Independent Examlnerfs Report Statement of Flnjndal Actlvltles Balance Sheet Notes to the Flnandal Statements (Induslve of detalled Income & Expendlture) 9-12
CELESTIAL CHURCH OF CHRIsr HOREB OF GOD PARISH Accounts for the year ended 31 December 2022 Legal and admlnIrtratl detslls Chairman: Mr Ademola Akintola Trustee•: Mr Ademola Aklntola Mr Ablola J. Cole Olufunke Olumoy Mr J. Budu-Aggrey Mrs Olutunde P. Adenlrdn Mrs Adeblsl Sangoblyl Ind•p•nd•nt Examlmf. Dlvlne Consult Umlted 159 Boundfield Road London SE6 IPE B•nk•r•: HSBC Hlgh Street Strafford Branth Stratford London R•9l•t•r•d Offl¢•: CCC HOREB OF GOD PARISH 54b North Woolwlch Rd Sllvertown London E16 2AA Charlty Number: 1115753
CELESTXAL CHURCH OF CHRIST HOREB OF GOD PAIUSH Tru8tses' Report The Trustees present thelr report and the finandal statements for the year ended 31 Dember 2022. The finandal statements have been ppared In accordan wlth the Statement of Recommended Practlce (SORP 2005) and applicable law. structure. governance and management Horeb OF God Parlsh Church Is governed by an Approved Govemlng Document whlch states that the prfncipal purpose of the church Is the adVanrnent of the Chrfstlan Falth accordlng to the prlnclples of the Worfdbylde Celestlal Church Of Chrfst to Indude the advanrnent of educatlon, communlty Serv1 and such other general charftsble purposes In such parts of the Unlted Klngdom and the worfd as the Church shall detemlne. Horeb of God Parlsh Is a rented Property and we are strlvlng to buy a property that wlll help to maxlmlze our charftable functlons (trnlnlng, educatlonal and semlnars). Members of the Church are accepted In accordan wlth the Constltutlon whlch requlres to be baptlzed after one Year Members are encouraged to take an approprfate part In the splrltual and practlcal tasks Involved In furtheran of the thadtable objectlve. Relevant matters may be submltted to the Churd) meetlng by the Trustees for guldance, or may be ralsed by members In Churth meetlng for further conslderatlon by the Trustee. Though the Constltutlon pemilts declslons to be made at Church meetlng5 by approprlate majorttles, the Church seeks to work by consensus wherever posslble. In order to achleve the prlnclpal objertlve whlch Is set out above, the Church provldes a varlety of actlvltles both to Its membershlp and to the communlty generally. The alm Is to show the love of Jesus Chdst In both word and deed and to brfng people Into closer relatlonshlp wlth Our Lord Jesus Chrlst as Ilvln9 thrd. Central to the work and wltness of the Church Is the provlslon of regular publlc serv15 of Chrfstlan worshlp, These servlces take place each Sunday 10:00am, Wednesday 7:00pm and Blble Class After Frlday: 7.. 00pm There are also occaslonal servlces at other tlmes whlth are advertlsed on the Church Notlce Board. There Is a full chlldren's programme durlng the Sunday serrflces. The church seeks to be a frfendly and welcomlng cornrnunlty and anybody Is free to attend any of these servlces and Semlnars. The 3rd Sundays of the Month Is set aside for full Youth Partldpatlon In Semon, Evangelical and Prophetlc ServIs and Semlnars. The Church runs a serfes of house groups for the growth of falth and dlsdpleshlp In the homes of some members, and further deta115 of these can be obtalned from the Trustees on request, or at the Sunday servlces of worshlp. The Church operates systems to ensure that all people worklng wlth chlldren and vulnerable adults are approprlately vetted wlth regard to the Crlmlnal Recortls Bureau. The church has read the Charlty Commlsslon guldance on publlc beneflt, and Is satlsfled that the artlvltles outllned above clearly demonstrats that the charity is providing a benefit to the publlc.
A¢hlevem¢nts and Performanee We welcome you all to thls Annual General Meetlng and It has been another thallenglng year for the Pamsh. We are not Just a churth to serve our God but also to extend hand of fellowshlp to the community and especlally the vulnerable old and young people. As we are aware we offer servlces/prayer sesslon at awkward Umes vlrtually for the needy, we also have new arrlvals who are student In the Unlted Klngdom who needs all sorts of sUPPOrt, thls Is to Infomi and encourage ourselve5 of the needs ahead. The resources both technlol and human are Increaslngly becomlng dauntlng and hence the need to thlnk of cost to improve In thls area. I cannot pralse you all enough for the dedlcatlon and selflessness you have exhlblted all these tlmes. A huge thank you to all the partshloners for your contlnued support and you have really gone the extra mlle.. Very qul¢kly thls Church has evolved to enable us to ¢ontlnue to serve our Parfshloners wlthout as much dlsruptlon as posslble.. communlcatlon wlth our members has been a prfortty and we have been communlcatlng wlth all membets wlth sodal medla for all updates whlch Includes WhatsApp's, Emalls, FaboOk and Zoom and of recent we added Instagram (IG) the church has been a vlslble 5UPPOrtlng member wlth all spldtual and dally living concerns." Obvlouslyi a busy year wlth Inrnsed average of Prayer and fastlng for the members and even the communlty.. We also bought goodSes to dlstrlbute to the famllles In the communlty, we are also on ground In some local communltles to feed and traln young glrls and boys In sklll acqu151tlon such as pastryi palntlng, and event plannlng through FOREHOREB UK. The church Is back and artlvltles are revltallsed but reallty Is that we need fundlng to stay afloat as people needs a not only prayers, we need to support the communlty more vla feedlng, charltable attivltles. The Church wlll l¢X)k Into Learnlng and Organlzlng opportunltles for our members and thls wlll be developed throughout thls 2023. Collectlvely we can all make a dlfference please thlnk serfiously about becomlng a good hrlstlan and a pragmadc one at that thls year and make the dIfferen servlng the church and the communlty. Our charlty status demands that we funttlon more effectivelyft In the means of reachlng out to both Immedlate and overseas communlties. There Is a greater need whlch a very prng In the followlng areas:. Adolesont Issues In the black communlty. l. Women and slngle parents 2. Sderfy care 3. Homelessness & Statlstlcs both locally and natlonally palnt dlfferent Images In comparfson to the reallty of these sltuatlons In the communltles. We can never truly see the Impact of these Issues unless vie are present In these areas ourselves. E belleve that It Is tlme for us as a charfty organlsaUon to look further fleld for support from other well-meanlng organlsatlons as to ease the burden on our own financlal sltuatlon. We are also campalgnlng for changes in all strata of Manknnd. We thank the elders for the hard work and suptKJrt whlch we once agaln, I know all of us are doing our best and we should not be daunted by the enormlty of the challenge that we face.
It Is my hope and prayer that your Indlvldual effort shall not go In valn. Over the years CCC Horeb of God Partsh. has focused her attentlon not only on the splrftual growth of its members but also on thelr personali psythologlcal and soclal wellbelng. Thls 15 made more promlnent because of modem day thallenges that Is faclng not only the adults but children and youths of today. We see It has our splrttual obllgatlon to see to the wellbelng of our members prfnclpally In supportlng them In areas they cannot access. There Is a great rtse In nervous bakdOWn and mental breakdown and such oalSenges are what people fa t¢xlay and help 15 non-existent or not adequate, therefore the churth as a thadty entlty Is a sanctuary that people run to as thelr last result. Thls padsh has been blessed wlth able bodled men and women who are professlonals In thelr own calling bringlng In thelr experuse to help and asslst whenever It Is needed. We can assert that we are overstretched this year and that we are cash strapped as a result, what wlth the cost of runnlng the church vls a vls rent, stlpend and bllls. But as a church we cannot fold our hands and feel unConMed. Flnally. I want to thank all for steertng thls churth, and parfshloners safely through thls dlfflcult tlme. l appreclate that the majorlty of thls report has been to thank people and hope thls 2023 wlll be a better Year. Thank You UPDATES ON CHARrrY WORK IN NIGERIA We Shbpped Clothlng. Food and Toys and Chlldren Books of Educatlonal Materlals to Nlgerfa and contlnually sponsorfng 3 Chlldren In School In the Last 5 Years and 2 puplls galned admlsslon to study petroleum englneerfng and agrlcultural eng5neerlng respectlvely and hence Increased flnandal responslblllty to the benefldarles and the 3rd benefldary Is telllng us she wants to study medlclne. We also In the East London Communlty. CHURCH PROPERTY We cannot but emphaslse the Importance of havlng a bulldlng of our own WhebY we can compartmentallze departments day nter, weekend coathlng and food bank whlch are relevant to our functlons. Once agaln, l use thls occaslon to wlsh you a more frultful years ahead. The flnanclal results for the year, together wlth a summary of the accountlng pollcles adopted are set out In the accompanyln9 nnanclal statements. The Trustees have establlshed a Reserrfes Pollcy, and are stjll struggllng to have sufflclent fund to run the Church, but wlth ongolng Income anticipated, to enable the thurch to funttlon effectlvely In the comlng year. The Trustees have made an assessment of the major rfsks fadng the church, and are satlsAed that there are pollcles In place to mlnlm5se these rlsks. The trustees who serve durfng the year were. Mr Ademola Aklntola Mr Abiola J. Cole Mrs Olufunke Olumoya Mr J. Budu-Aggrey Mrs Olutunde P. Adenlran Mrs Adeblsl Sangoblyl Trustees are appointed by the Board of Trustees.
TRUSTEES. RESPONSIBILrnES Charfty Law requlres the tNstees to prepare flnandal statements for each flanadal year whlch glve a true and falr vlew of the state of affalts of the charity at the year end and of Its Incomlng resour$ and resources expended for that year. In preparlng those flnandal statements the trustees are requlred to. •select sultsble accountlng polldes and apply them cons15tentty, •make Judgement and estlmates that are reasonable and pruden¢ •prepare the flnandal statements on the ongolng corKern basls unless It Is Inapproprlate to presume that the tharfty wlll cotlnue In operntlon The trustees are responslble for keeplng proper accountlng records whlch dlsd05e wlth reasonable accuracy at any tlme the flnandal posltlon of the company and to enable them to ensure that the flnanclal ststement comply wFth the Chat1tles Act 1993. They a also responslble for safeguardlng thea5sets of the company and hence for taklng reasonable Steps for the pr¢v¢ntlon and deteLtlon of fraud and other Irregularftles. Thls report was approved by the board of trustoes on 28 February 2023. Mr Adefflola Aklntola (For the Trustees)
CELEsfiAL CHURCH OF CHRXST HOREB OF GOD PARISH Accounts for tha yaar •ndad 31 Decembw 2022 Ind4p•nd•nt Examln•V• R•port We report on the accounts for the year •Aed 31 Decemb¥ 2022. whlch are set out on page• O to 11. Re•p•¢tlv• Y••ponslbllltleg of ttl •nd •xwnln•r The charfty's trttee5 are responslble for the preparatlon ol the accounts. The thatlty's trustees conslder that an audlt Is not requlrad for thls year under sectlon 144 of the Charftles Art 2011 (the Charltles Art) and that an Independent examlnatlon 1$ needed. It Is my responslblllty to; . examlne tho accounts under sectlon 145 of the Charltles Act, • to follow the procedures lald down In the general Dlrertlons glven by the Charfty Commlsslon (under settlon 145(5)(b) of the Charftles Act), and • to state whether partlcular rnatter5 hove corne to my atttIOn. B•sls of Ind¢p¢nd•nt u*mln•rf• report My examlnatlon was carrbed out In accoydance wlth the genernl Dlrectlons glven by the Chjrlty Commlsslon. An examInatl¢ Indudes J revlew of the accountlng records kept by the tharlty and a comparfson of the accounts preted vAth those records. It also Indudes conslderntlon of any unusual Items or dlsdosurns In the accounts, and seeklng explanat]ons from you as trustees concernlng any such mJtt¥s. The procedures undertaken do not provlde all the evldence that would be requlred In an audlt arKI consequently no oplnlon Is 91 as to whether the accounts present a true and falr vlew, and the report Is Ilmlted to those matters set In the ststwnent below. Independent examln•rf• 8tat•m•nt In connectlon wlth my examlnatlon, no matter has come to my attentlon. (l) whlch glves me reasonable cause to belleve that In any materfal respett the requlrements: . tg keep accountlng records In accordance wlth sectlon 130 of the Charftles Act; • to prepare accounts whlch Kcord wlth the occountln9 records and comply wlth the accountlng requlrements of the Charltles Act have not been met. or (2) to whlch, In my oplnlon, attentlon should be drawn In order to enable a proper understsndlng of the accounts to be reached. DDIINE CONSULT UMrrED 159 BOUNOFIELD ROAD LONDON SE6 IPE 28 February 2023
CELEsfiAL CHURCH OF CHRisr HOREB OF GOD PARISH ststem•nt of Flnandal ActlvlUe• for th• r ended 31 D•omb•r 2022 2022 2021 Totsl Fund Total Fund Income Ruouru• Tlthes, offerlngs and thanksglvlng Glft Ald BuSldlng fund Other Income 80,576 19,103 80,576 19,103 860 75,878 11,945 535 8,558 Tot•1 fn¢om• R••our Re8ourc•• Exp•nd•d Support Costs of artlvltEes In fvrtherance of the charlty'5 objects 12,865 12,865 11,152 Management & Admlnlstratlon of Charfty Total Incom• Exp•nd•d Ilet Incomlngl(outgoln9) r•wurr N•t Movam•nts In Fund• 26,672 26.672 17,737 Fund balan¢e• b/fwd 26,082 4,621 30,703 1¥966 Fund• balanc•s c/lwd
CELEsrtAL CHURCH OF CHRIST HORE8 OP GOD PARISH aalan Sh••t at 31 D•camb•r 2022 2022 2021 Flxed assets Tanglble assets Current ••sets Investments held as current assets Ca$h at bank and In hand 12,800 12,800 59,250 32,246 Credltor•: •mounts f•lllng due wlthln on• y•ar (1.875) (1,546) N•t Curr•nt A•s•ts 57,375 30,700 Total ••s•ts l••s curr•nt Il•bllltles 57,375 30,703 N•t a•••ts Re5tr1rted funds 4,621 4,621 Unregtrlcted Funds 52,754 26,082 Approved by the rd of Thistees Jnd slgned on 28 February 2023. Mr Ademola Aklntola Mr5 Olufunke Olumoya
CELEsfiAL CHURCH OF CHRIsr HOREB OF GOD PARISH 14otes to the Flnanclal Statsments for the year ended 31 December 2022 l. Accountlng Pollcles l.l) A¢¢ountlng Conventlon The Flnanclal Statements has been prepared under the hlstorfcal cost conventlon, In accordance wlth appllcable UK Accountlng Standards and also with the recommendauons In the Statement of Recommended Accountlng Pra(tlce (SORP 2005) Accountlng and Reportlng by Charltles - Issuèd In Marth 200S. The Charfty has taken advantage of the exempdon of Flnandal Repong Standard No. I from the requlrements tt) produce a Cash Flow Statement on the ground that It quallfies as a small charfty. 1.2) Fund Arxountlng General un$tcted funds represent unrestrlrted Income, whlch Is expendable at the dlscretlon of the Trustees In the furtherance of the objects of the tharlty 1.3) Tanglbl• flx¢d assets Tanglble flxed assets costlng more than £500 a capltallzed and Induded at cost Indudlng any Incldental cost Depre¢latlon Is calculated on the fixed assets to wrlte off the cost of the assets less thelr resldual values, In equal Instalments over thelr experted useful economlc Ilves. The nnual rate In use 15 25Qh per annum. 1.4) Incomlng li•re•l Income Is malnly from Trthes and Offerfng, Bulldlng fijnds. Glft Ald, grant and bank Interest received are Included In the flnandal statements when recelved. 1.5) Resources Expended All expendlture is accounted for on an accTual basls and has been dasslfied under headlnqs that aggregate all costs rdated to the category. 1.6) Taxatlon As a chartty, the charltable funds are exempt from corporatlon tax but not from VAT. Irrecoverable VAT Is, In accordan wlth standard accountlng practlce. Induded In the cost of those items to whlch it relates.
CELEsfIAL CHURCH OF CHRIsr HOREB OF GOD PARISH Notes to the Accounts for the year ended 31 December 2022 l Tanglble fixed assets Fwnlwre & Churth Church Equlwnent Totsl Cost At l January 2022 At 31 December 2022 8,650 8.650 10.285 10,285 21.8(Kl 21,8(N) 40,735 40,735 Depre¢latlon At l January 2022 Charge for the year At 31 December 2022 8.649 10284 21,799 40,732 8.650 10,285 21.800 Net book value At 31 Dernber 2022 At 31 December 2021 2 Investments Oth•r Invtttm•nts Cost At l January 2022 12,8ty) At 31 Dernber 2022 12,800 oth•r Inv••tm•nt• 2022 2021 Unllsted Investments 3 Credltor•: amounts falllng du• wlthln one year 2022 2021 Trade credltors 4 Funds 2022 2021 At l January 2022 Net Incomlng Fund At 31 December 2022 26,082 4,621 30,703 12,966 10
CELESTIAL CHURCH OF CHiusr HOREB OF GOD PARISH Notu to the accounts (contlnued) 6 Income and Expendlture Account for the year ended 31 December 2022 2022 2021 Total Fund Fund 6.1 INCOMIt46 RESOURCES thes, offering and thanksgiving Glft Ald Bulldlng fvnd Other Income 80,576 19,103 80,576 19,103 860 75,878 11,945 535 8,558 Total In¢omlng R•#ourc•• 100 539 100 539 96 916 OUTGOZNfj RESOURCES 6.2 Support costs of actlvltle• In furthornnce of the Charlty'• objecb: Honorarfuml Donatlons Volunteer Tralnlng expenses storage Prfntlngi POSt¥ge, $t•tlonery & glft cards Convention Expenses 1,815 1,815 2,136 1,280 445 2,368 759 969 6,954 2,368 759 969 759 I,ioo 5,432 6,954 865 6.3 M•n•g*m•nt •nd Admlnl•tratlon of Charlty: Rent & rates Llght & heat Pastors expenses Insurances Telephone & fax Cleaning Accountancy fees Charlty Admln expenses Mlssionary expenses Repalrs & Malntenance Motor Vehlde Expenses Bank charyes 35,287 5,225 12,000 255 35,287 5,225 12,000 255 1,074 752 37,263 3,296 12,000 160 1,074 752 1,286 708 1,875 1,455 1,875 1,455 1,546 331 8,262 858 1,240 1,636 203 1,240 1,636 203 2,203 114 61 002 68 027
CELESTIAL CHURCH OF CHRisr Schedule to the Profft and Loss Account for the year ended 31 D¢¢¢mber 2022 2022 2021 Sales mthes, offerings & thanksglvlng 100 539 Admlnlstratlve exp•n•a# Employee costs: Pastoral allowan Volunteer Tralnlng expenses Honordduml Donatlons 12,000 12,000 1,280 445 2,368 Premlses costs: Rent & Rates Ught and heat Insuran5 35,287 5.225 255 37,263 3,296 160 General admlnlstratlve expensts: Telephone and fax Cleanlng Statloneryi Prfntlng & Glft Cards Charlty Admln expenses Conventlon Expenses Bank charges General Repalr5 & Malntenan Storage Motor Vehlcle Expenses Mlsslonary expenses 1,074 752 969 1,286 708 I,ioo 331 1,455 6,954 203 5,432 114 858 1.240 759 759 1,636 2.203 Legal and professlonal costs: Accountancy fees 12