Registered Charity Number 1115753 CELESTIAL CHURCH OF CHRIST HOREB OF GOD PARISH Report and Accounts 31 December 2023
CELESTIAL CHURCH OF CHRIsr HOREB OF GOD PARISH Report and Accounts Contents Pag¢ Legal and Admlnlstratlve Infonnatlon Trustees, Report Independent Examlnerfs Report statement of Flnandal Artlvities Balance Sheet Notes to the Flnanclal Statements (Incluslve of detalled Income & ExpendItu) 9-12
CELESTIAL CHURCH OF CHRzsr HOREB OF GOD PARISH Accounts for the year ended 31 DeC¢mr 2023 Legal and admlnlstratlve detalls Chalrman: Mr Ademola Akintda Trugtees: Mr Ademola Aklntola Mr Ablola J. Cole Mrs Olufunke Olumoya Mr J. Budu-Aggrev Mrs Olutunde P. Adenlran Mrs Adeblsl Sangoblyl Ind•p•nd•nt Examln•r: Dlvlne Consult Ltmlted 159 Boundfleld Road London SE6 IPE Bankers: HSBC Hlgh Street stratford Branch stratford London Reglstered Offlce: CCC HORE8 OF GOD PARISH 54b North Woolwlch Rd Sllvertown London E16 2A4 Charlty Number. 1115753
CELEsfiAL CHURCH OF CHRisr HOREB OF GOD PARISH Trustees, Report The Trustees present thelr report and the flnanual statements for the year ended 31 December 2023. The financial statements have been prepared in accordance wlth the Statement of Recommended Practi (SORP 2005) and applicable law. Structurei governance and management Horeb Of God Par15h Church Is governed by an Approved Govemlng Document whlch states that the prlnclpal purpose of the church Is the advancement of the Christian Faith accordlng to the prtnclples of the Woddwide Celestlal Church Of Chrfst to Indude the advancement of educatlon, community serv0 and such other general charltable purposes In such parts of the United Klngdom and the world as the Church shall determine. Horeb of God Parlsh Is a rented Property and we are striving to buy a property that wlll help to maxlmlze our charitable functions (trainingi educatlonal and 5emlnars). Members of the Church are accepted In accordance with the Constitutlon whlch requlres to be baptlzed after one Year Members are encouraged to take an approprfate part In the splrltual and practlcal tasks Involved In furtherance of the charltable objectlve. Relevant mattets may be submltted to the Church meetyng by the Trustees for guldance, or may be ralsed by members In Church meeting for further conslderatlon by the Trustee. Though the Constitutlon pemilts dedsion5 to be made at Church meetlngs by approprlate majorltles, the Church seeks to work by consensus WheVer po551ble. In order to achleve the Prfndpal objectlve whlch Is set wt above, the Church provldes varfety of actlvltles both to Its membershlp and to the communlty generally. The alm Is to show the love of Jesus Christ In both word and deed and to brfng people Into a closer relatlonshlp wlth Our Lord Jesus Chrtst as Ilvlng Lord. Central to the work and wltness of the Church Is the provlslon of regular publlc serv15 of Chdstlan worship. These services take place each Sunday 10:00am, Wednesday 7.'OOpm and Blble Class After Frlday: 7.'OOpm There are also occaslonal serrflces at other tlmes whlth a advertlsed on the Churth Noti Board. There Is a full chlldren's programme durlng the Sunday serrfices. The church seeks to be a frfendly and welcomlng communlty and anybody Is free to attend any of these servlces and Semlnars. The 3rd Sundays of the Month Is set ade for fvll Youth Parucfipatlon In Semion, Evangellcal and Prophetlc ServSces and Semlnars. The Church runs a series of house groups for the growth of falth and dlsclpleshlp In the homes of some members. and fvrther detalls of these can be obtalned from the Trustees on request. or at the Sunday services of worship. The Church operates systems to ensure that all people W01ng wlth thlldren and vulnerable adults are appmprlately vetted wth reoard to the Crfmlnol Records Bureau. The churth ha5 read the Charfty CommI551on guidance on public beneflt, and Is sat15fied that the attlvities outlined above clearly demonstrate that the charlty is providlng a benefit to the public.
Achlevements and Perfornnce Thls Is to welcome ourselves to 2023 Annual General Meetlng and It has been another challenging year for the CCC Horeb Of G(xl Parish. We are a church that serve our God and extend hand of fellowship to the community and especlally the vulnerable old and young people. Can I remlnd us all that we have increased new arrlvals who a student and sometlmes some on Job vlsa but wlthout family In the United Klngdom who needs all sorts of support, we need to brace up for thi5 new arrlval in the year coming. The resources both technlcal and human are Increaslngly becomlng dauntlng and hence the need to thlnk of cost to Improve In this area. I cannot pralse you all enough for the dedication and selflessness you have exhlblted all these times. A huge thank you to all the parlshloners for your continued support and you have really gone the extra mlle." The Church has evolved so much and we now reallze that the young people are now growlng to become young adult and there is need to guide them propedy Into useful. pragmatlc adult via splrltual path and professlonal guidance hen the need to traln members to support the youth. Obvlously, a busy year wlth Increased average of Prayer and fastlng for the mernbers and even the communlty. We spent substantSal amount of rnoney to support famllles In the communlty and In the local Hospitals especlally Newham General where we dlstrlbuted Pampers, Wipes and sanltary pads to vulnerable parents of new bables, we are also on ground In some local communltle5 to feed and traln young girls and boys In sklll acqulsltlon such as pasty, palntlngi and event plannlng through FOREHOREB UK. We need fundlng to stay afloat as people needs are not only prayers, we need to support the communlty MO vla feedlng and other charltable actlvitles. We wlll look Into Learnlng and Organlzlng opportunltles for our members and thls wlll be developed throughout thls 2024. Our charlty status demands that we funrtlon more effettlvely, thls means reachlng out to both Immedlate and overseas communltles. There Is a greater need which are very presslng In the ft)Ilowlng areas:. Adolescent Issues In the black communlty. l. Women and Slngle parents 2. Eldedy care 3. HoMelenesS & StatIstl both locally and natlonally palnt grfm Images In comparlson to the reallty of these situatlons in the comrnunitles. We cèn never truly see the Impart of these Issues unless we are present In these areas ourselves. I belleve that It Is rne for us as a chartty organisation to look further afield for 5UPPOrt from other well-meaning organlsatlons as to ease the burden on our own flnandal sltuatlon. We are also campalgnlng for changes In all strats of Mankino. We thank the elders for the hard work and supp)rt which we once again, I know all of us are dolng our best and we should not be daunted by the enonnlty of the thallenge that we fa. It Is my hope and prayer that your individual efft)rt shall not go in vain. Over the years CCC Horeb of God Parlsh. has focused her attentlon not only on the
spidtual growth of Its members but also on thelr personall psychol¢)gical and soclal well-being. Thls Is made more prominent because of modem day challenges that Is faclng not only the adults but chlldren and youths of today. There Is a great rise in mental bakdOWn and suth challenges are what people fa today, and help Is non-existent or not adequate. We can assert that we are flnanaally overstretched this year and that we are cash strapped as a SuIt, what wlth the cost of runnlng the church vls a vis nt, str.pend and bills. But as a church we cannot fold our hands and feel unconcemed. Flnallyi I want to thank all for steertng thls church to thls helght. The report has been to thank people and hope thls 2024 wfill be a successful and bountifijl Year, Thank You Parish Shepherd Ev. Ademola Aklntola UPDATES ON CHARrrY WORK IN NIGERIA We Shlpped Clothlngi Food and Toys and ChIldn Books of Educatlonal Materlals to Nlgeda and contlnually sponsorlng 3 Chlldren In School in the Last 5 Years and 2 puplls galned admlsslon to study petroleum engineering and agrfcultural englneerlng respectlvely and hence Increased flnanclal responslblllty to the beneflaarie5 and the 3rd beneflciary Is telling us she wants to study medlclne. We also feed In the East London Communlty. CHURCH PROPERTY We cannot but emphaslse the Importance of havlng a bulldlno of our own whereby we can compartmentallze departments day nter, weekend coachlng and food bank whlch are relevant to our functlons. Once agaln, I use thls occaslon to wlsh you a more frultful years ahead. The flnandal results for the year, together wlth a summary of the accountlng polldes adopted are set out In the accompanying finandal statements. The Trustees have establlshed a Reserves Pollcyi and are stlll 5truggllng to have sufflclent fund to run the Church, but wlth ongolng Income antldpated, to enable the church to functlon effectlvely In the comlng year. The Trustees have made an assessment of the major rlsks fadng the church, and are satlsned that there are pollcles In place to mlnlmlse these ri5k5. The tntyt¢e• who •erv• durlng thq year vrnre: Mr Ademola Aklntola Mr Ablola J. Cole Mrs Olufunke Olumoya Mr J. Budu-Aggrey Mrs Olutunde P. Adeniran Mrs Adeblsl Sangoblyl Trustees are appointed by the P•)ard of Trustees. TRusfEES' RESPONSIBILMES Charity Law requlres the trustees to prepare finanoal statements for each fianadal year which give a true and fair view of the state of affairs of the charity at the year end and of its incoming resources and resour5 expended for that year. In preparing those
flnanclal ststements the trustees are required to; •selett sultable accountlng polldes and apply conslstently, •make Judgement and estSmates that are reasonable and prudent, •ppare the financial statements on the angolng concern basls unless It Is Inapproprfate to presume that the charfty wlll cotlnue In operdtlon The trustees are responslble for keeplng proper accountlng records whlth dlsdose wlth reasonable accurncy at any tlme the financial position of the company and to enable them to ensure that the finandal 5tatsment comply v41th the Charitlts Act 1993. They are also responsible for safeguardlng theassets of the company and hen for taklng reasonable steps for the preventlon and detectlon of fraud and other Irregularltles. Thls report was approved by the board of trustees on 11 Marth 2024. Mr Ademola Aklntola (For the Trustees)
CELEsfIAL CHURCH OF CHRIST HOREB OF GOD PARISH A¢counts for th• year •nd•d 31 D•c•mb•r 2023 Ind•p•nd•nt Examln•e8 R•port We report on the accounts for the year ended 31 December 2023, whlth are set out on page• 6 to 11. The tharlty's trustees are responslble for the preparntlon of the accounts. The charlty's trustees conslder that an audlt Is not requlred for thls year under sectlon 144 of the Charltles Act 2011 (the Charltles Act) and that an Independent examlnatlon Is needed. It Is my responslblllty to; • examlne the accounts under sectlan 145 of the Charitles Act, to follow the procedures lald down In the general Dlrections glven by the Charlty Comrnlsslon (under sectlon 145(5)(b) of the Charltles Act), and . to state whether partlcular matters have come to my attentlon. B••l• of Ind•p•nd•nt •xamln•rf• r•port My examlnatlon was carried out In accordance wlth the genernl Dlrectlons glven by the Charlty Commlsslon. An examlnatlon Indudes a revlew of the accountlng record5 kept by the charfty and a comparfson of the accounts presented wlth those records. It also Indudes conslderntlon of any unusual Items or dlsdosures In the accounts, and se•kln9 explanatlons from you as trustees COnmIng any such matters. The procedures undertaken do not provlde all the evldence that would be requlred In an audlt and consequently oplnlon Is glven as to whether the accounts present a 'tNe and falr vlew, and the report Is Ilmlted to those rnattws set out In the statement below. Ind¢p•ndent •xamln•e• •t•t•m•nt In connectlon wlth my examlnadon, no matter ha$ come to my attentlon; (l) whlch glves me reasonable cause to belleve that In Jny matedal respect the requlrements: • to keep accountlng records In accordano wlth sectlon 130 of the Charftles Act" • to prepare accounts whlch acconl wlth the accountlng 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 drnwn In order to enable a proper understandlng of the accounts to be reached. DIVINE CONSULT UMrrED 159 BOUNDFIELD ROAD LONt)ON SE6 IPE 11 Marth 2024
CELESTIAL CHURCH OF CHRIsr HOREB OF GOD PARISH stst¢m•nt ol Flnandal Actlvftl for the ear end•d 31 December 2023 2023 Total Fund 1022 Total Fund Unrestrlrted Restrlcted Tlthes, offerfngs armd thanksglvlng Gift Aid Bulldlng fund Other Income 70.049 20,359 742 70,049 20.359 742 80.576 19,103 860 Tot•1 Incom• R••ourc•• 100 $39 R•Mur¢ exp•nd•d Support costs of actlvltles In rurther•nce of the charfty's objects 13,400 13,400 12,865 Manjgement & Admlnlstratlon of Charlty Tot•1 Incom• Exp•nd•d 14•t In¢omlng/(outyolng) r•Murc•• N•t Mov•m•nts In Funth 8.616 8,616 26,672 Pund b•l•nc•• blfv•d 5&754 4,621 57,375 30.703 Fund• b•lanc•• c/fwd
CELESTIAL CHURCH OF CHRxsr HOREB OF GOD PARISH Balanc• Sh•et as at 31 Da¢•mb•r 2023 2023 2022 Plx•d aM•ts Tanglble assets 6,672 Debtors 265 Investrnents held as current assets Cash at bank and In hand 12,800 12,800 61,008 59,250 Cr•dltor•: arnnts falllnq du• wlthln on• y••r (1,689) (1,875) S9,319 57,375 Restrfcted funds 4,621 4,621 Unrestrfrted Funds 61,370 52,754 R••trlrt•d and Unr••trl¢t•d Vund• clfwd. Approved by the Board of TNstees and slgned on 11 Marth 2024. Mr Ademola Aklntola Mrs Olu Olumoya
CELESTIAL CHURCH OF CHRIsr HOREB OF GOD PARISH Notes to the Flnanclal Ststements for the year ended 31 December 2023 l. Accountlng Pollcles l.l) Accountlng Conventlon The Flnanclal Statements has been prepared under the histortcal cost convention, In accordance with applicable UK Accountlng Standards and also wlth the recommendatlons In the Statement of Recommended Accountlng Practice (SORP 2005) Accounting and Reportlng by Charltles - Issued In March 2005. The Charlty has taken advantage of the exemptlon of Flnandal Repon9 Standard No. I from the requlrements to produce a Cash How Statement on the ground that It quallfles as a small charlty. 1.2) Pund Accountlng General unrestrfcted funds represent unrestrfcted Income, whlch Is expendablè at the dlscretlon of the Trustees In the furtherance of the objects of the charlty 1.3) Tanglble flxed assets Tanglble flxed assets costlng more than £500 are capltallzed and Induded at cost Includlng any Incldental c05t Depreclatlon Is calculated on the flxed assets to wrlte off the cost of the assets less thelr resldual values, In equal Instalments over thelr expected useful economlc Ilves. The annual rate In use Is 25% per annum. 1.4) Incomlng Resourr Incorne Is malnly from Tlthes and Offerlngi Bulldlng ftjnds. Glft Aldi grant and bank Interest received are Induded in the flnandal statements when recelved. 1.5) ROurCe• Exp•nd•d All expendlture Is accounted for on an accTual basls arKI has been classified under headings that aggregate all costs related to the category. 1.6) Taxatlon As a chartty, the charltable funds are exempt from corporatlon tsx but not from VAT. Irrecoverable VAT Is, In accordan with standard accounting prdrtice, included in the cost of those Items to which it relates.
CELESTIAL CHURCH OF CHRIST HOReB OF GOD PARISH Notes to the Accounts for the year ended 31 December 2023 l Tanglble fixed assets thurth Vehkle Church Equlpmènt T¢)tal Addltlons At 31 December 2023 2,740 8,340 Depreclatlon At l January 2023 Charge for the year At 31 December 2023 1.120 1,668 L668 Net book value At 31 December 2023 2,192 6.672 At 31 December 2022 2 1nvestm•nts Oth•r Sn¥••tm•nts Co•t At l January 2023 12,8 At 31 December 2023 12.8(X) other Investm•nts 2023 2022 Unllsted Investments 3 Debtors 2023 2022 Trade debtors 265 265 4 Credltors: amounts falllng due wlthln one ye•r 2023 2022 Trade credltors 5 Funds Unrestrlcted Restrlrted 2023 2022 At l January 2023 Net Incomlng Fund At 31 December 2023 52,754 4,621 57,375 8,616 30,703 10
CELEsfiAL CHURCH OF CHRIsr HOREB OF GOD PARISH Note# to th• accounts (contlnued} 6 Income and expendltur• Account for the year end•d 31 Decemb•r 2023 2023 Unrestslcted Restrict Tot•1 Fund 2022 Totsl Fund 6. 1 INCOMING RESOURCES Tlthes, offedng and thanksglvlng Gift Ald Building fund Other Income 70,049 20,359 742 70,049 20,359 742 75,878 11,945 535 8,558 Total Xncomlnq Resourc•• oiwrGOING RESOURCES 6.2 Support cwts of act1v1t1 In furthor•nce of the Chrlty'• objects: Honorarluml Donatlons Volunteer Tralnlng expenses Storage Prlntlng. postage, stationery & gmt cards Conventlon Expenses 3,890 3,890 2,136 1,280 445 1,902 759 217 6,632 1,902 759 759 217 I,ioo 5,432 6,632 13 400 11 152 6.3 Mnag•m•nt and AdmlnlAtr•tlon of Ch•rlty: Rent & rates Llght & heat Pastor5 expenses Insurances Telephone & fax Cleaning Accountancy fees Charlty Admln expenses Mlssbonary expenses Repairs & Maintenance Motor Vehide Expenses Bank charyes 38.227 6,278 12,000 304 1,267 914 1,689 2,202 38.227 6,278 12,000 304 1,267 914 1,689 2,202 37,263 3,296 12,000 160 1,286 708 1,546 331 8,262 858 1.886 2,520 179 1.886 2,520 179 2,203 114 69 134 68 027 11
CELEsfIAL CHURCH OF CHRIST Schedule to the Profft and Loss Account for the year ended 31 December 2023 2023 2022 S81•# nthes, offerlngs & thanksglvlng 100 539 Admlnlstrntlve expenses Employee costs: Pastoral allowan$ Tralnlng expenses Honorarluml Donatlons 12,000 1,902 12,000 2,368 Premlses costs.. Rent & Rates Ught and heat Insuran5 38,227 6.278 304 35,287 5,225 255 General admlnlstratlve expenses: Telephone and fax Cleaning statloneryi Prfntlng & Glft Cards Charlty Admln expenses Convention Expenses Bank charges General Repalrs & Malntenan storage Motor Vehlcle Expenses DepCIatIOn 1,267 914 217 1,074 752 969 2,202 6,632 179 1,455 6,954 203 1,886 759 2,520 1.240 759 1,636 Legal and professlonal costs: Accountancy fees 12