CELESTIAL CHURCH OF CHRIST
(AYOMIDE PARISH)
FINANCIAL REPORT FOR THE YEAR ENDED 31 AUGUST 2023
CELESTIAL CHURCH OF CHRIST
AYOMIDE PARISH
INCOME & EXPENDITURE STATEMENT FOR THE YEAR ENDED 31 AUGUST 2023
| Income Administrative Expenses Net Income (deficit) for the year Net surplus brought forward Net surplus carried forward |
2023 31,747 -34,570 -2,823 10,250 7,427 |
2022 71,253 -70,622 |
||
|---|---|---|---|---|
| 631 9,619 |
||||
| 10,250 |
The principal activities of Celestial Church of Christ- Ayomide 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 (Ayomide Parish)
CELESTIAL CHURCH OF CHRIST
AYOMIDE PARISH
| BALANCE SHEET AT 31 AUGUST 2023 Fixed Assets: Church furniture & fittings Musical equipment Current assets: Rent deposit 3,500 Cash in hand and bank 12,773 16,273 Current liabilities: Accruals and trade creditors -200 Creditors due after 1 year Represented by: Reserves b/f Income surplus for the year |
BALANCE SHEET AT 31 AUGUST 2023 Fixed Assets: Church furniture & fittings Musical equipment Current assets: Rent deposit 3,500 Cash in hand and bank 12,773 16,273 Current liabilities: Accruals and trade creditors -200 Creditors due after 1 year Represented by: Reserves b/f Income surplus for the year |
2023 417 555 972 3,500 15,353 18,853 -200 16,073 17,045 17,045 19,868 -2,823 17,045 |
2023 417 555 972 3,500 15,353 18,853 -200 16,073 17,045 17,045 19,868 -2,823 17,045 |
2022 521 694 |
|
|---|---|---|---|---|---|
| Fixed Assets: Church furniture & fittings Musical equipment Current assets: Rent deposit Cash in hand and bank Current liabilities: Accruals and trade creditors Creditors due after 1 year Represented by: Reserves b/f Income surplus for the year |
|||||
| 1,215 18,653 |
|||||
| 19,868 1 |
|||||
| 19,869 | |||||
| 9,619 10,250 |
|||||
| 19,869 |
CELESTIAL CHURCH OF CHRIST
AYOMIDE PARISH
INCOME & EXPENDITURE STATEMENT FOR THE YEAR ENDED 31 AUGUST 2023
NOTES TO THE ACCOUNT
1 Accounting Policies
a) Basis of Accounting
The financial statements have been prepared under the historical cost convention
| 2 Debtors Rent deposit Prepayment 3 Creditors Amount falling due within one year: Trade creditors Bank overdraft Accruals |
2023 3,500 - 3,500 - - 200 200 |
2022 3,500 - |
|
|---|---|---|---|
| 3,500 | |||
| - - 200 |
|||
| 200 |
- 4 Charitable registration
The organisation is a registered charity and with the Charity Commission registration no. 1115765.
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
AYOMIDE PARISH
STATEMENT OF INCOME AND EXPENDITURE FOR THE YEAR ENDED 31 AUGUST 2023
| Income: Less: Administrative expenses Rent and Rates - council tax Light and Heating Publicity Evangelism and welfare Creditors written off Charitable donations Refuse and waste collection Repairs and maintenance Depreciation Bank charges Legal & professional Insurance Travel Shepherd's expenses Printing, postage and stationeries Telephone and internet Accountancy General Expenses Net (Loss) / surplus for the year |
17,860 3,583 198 4,009 - 500 180 436 243 - 200 460 1,287 4,500 189 600 200 125 34,570 |
17,860 3,583 198 4,009 - 500 180 436 243 - 200 460 1,287 4,500 189 600 200 125 34,570 |
2023 31,747 18,252 4,776 185 15,877 15,652 500 396 586 304 128 350 709 4,117 7,500 421 545 200 125 70,622 -34,570 -2,823 |
2023 31,747 18,252 4,776 185 15,877 15,652 500 396 586 304 128 350 709 4,117 7,500 421 545 200 125 70,622 -34,570 -2,823 |
2022 71,253 -70,622 |
|---|---|---|---|---|---|
| 631 |
Signed by
Trustee
Trustee
CELESTIAL CHURCH OF CHRIST
AYOMIDE PARISH
STATEMENT OF INCOME AND EXPENDITURE FOR THE YEAR ENDED 31 AUGUST 2023
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.
ALLY BOATMAN COLLINS (ACCOUNTANTS) 62 BEECHWOOD ROAD LONDON E8 3DY
CELESTIAL CHURCH OF CHRIST
AYOMIDE PARISH
STATEMENT OF INCOME AND EXPENDITURE FOR THE YEAR ENDED 31 AUGUST 2023
SHEDULE OF FIXED ASSETS
| SHEDULE OF FIXED ASSETS | ||
|---|---|---|
| Musical ChurchEquipment Furniture Etc. NBV as at August 2020 814 1,084 Deprecation Yr. charge -163 -217 NBV as at 31 August 2021 651 867 NBV as at August 2021 651 867 Deprecation Yr. charge -130 -173 NBV as at 31 August 2022 521 694 NBV as at 1 Septemb 2022 521 694 Deprecation Yr. charge -104 -139 NBV as at 31 August 2023 417 555 JANUARY TO DECEMBER 2022 28652.36 JANUARY TO AUGUST 2023 |
Total 1,898 -380 |
|
| 1,518 | ||
| 1,518 -304 |
||
| 1,215 | ||
| 1,215 -243 |
||
| 972 | ||
| 2023 ACCT 11,938 19,809 |
||
| 31,747 |