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<br>Administrative Expenses<br>Net Income (deficit) for the year<br>Net surplus brought forward<br>Net surplus carried forward||2023<br>31,747<br>-34,570<br>-2,823<br>10,250<br>7,427||2022<br>71,253<br>-70,622|
|---|---|---|---|---|
|||||631<br>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<br>**Fixed Assets:**<br>Church furniture & fittings<br>Musical equipment<br>**Current assets:**<br>Rent deposit<br>3,500<br>Cash in hand and bank<br>12,773<br>16,273<br>**Current liabilities:**<br>Accruals and trade creditors<br>-200<br>Creditors due after 1 year<br>Represented by:<br>Reserves b/f<br>Income surplus for the year|BALANCE SHEET AT 31 AUGUST 2023<br>**Fixed Assets:**<br>Church furniture & fittings<br>Musical equipment<br>**Current assets:**<br>Rent deposit<br>3,500<br>Cash in hand and bank<br>12,773<br>16,273<br>**Current liabilities:**<br>Accruals and trade creditors<br>-200<br>Creditors due after 1 year<br>Represented by:<br>Reserves b/f<br>Income surplus for the year||2023<br>417<br>555<br>972<br>3,500<br>15,353<br>18,853<br>-200<br>16,073<br>17,045<br>17,045<br>19,868<br>-2,823<br>17,045|2023<br>417<br>555<br>972<br>3,500<br>15,353<br>18,853<br>-200<br>16,073<br>17,045<br>17,045<br>19,868<br>-2,823<br>17,045|2022<br>521<br>694|
|---|---|---|---|---|---|
|**Fixed Assets:**<br>Church furniture & fittings<br>Musical equipment<br>**Current assets:**<br>Rent deposit<br>Cash in hand and bank<br>**Current liabilities:**<br>Accruals and trade creditors<br>Creditors due after 1 year<br>Represented by:<br>Reserves b/f<br>Income surplus for the year||||||
||||||1,215<br>18,653|
|||||||
||||||19,868<br>1|
||||||19,869|
||||||9,619<br>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<br>Debtors<br>Rent deposit<br>Prepayment<br>3<br>Creditors<br>Amount falling due within one year:<br>Trade creditors<br>Bank overdraft<br>Accruals||2023<br>3,500<br>-<br>3,500<br>-<br>-<br>200<br>200|2022<br>3,500<br>-|
|---|---|---|---|
||||3,500|
||||-<br>-<br>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:<br>Less: Administrative expenses<br>Rent and Rates - council tax<br>Light and Heating<br>Publicity<br>Evangelism and welfare<br>Creditors written off<br>Charitable donations<br>Refuse and waste collection<br>Repairs and maintenance<br>Depreciation<br>Bank charges<br>Legal & professional<br>Insurance<br>Travel<br>Shepherd's expenses<br>Printing, postage and stationeries<br>Telephone and internet<br>Accountancy<br>General Expenses<br>Net (Loss) / surplus for the year|17,860<br>3,583<br>198<br>4,009<br>-<br>500<br>180<br>436<br>243<br>-<br>200<br>460<br>1,287<br>4,500<br>189<br>600<br>200<br>125<br>34,570|17,860<br>3,583<br>198<br>4,009<br>-<br>500<br>180<br>436<br>243<br>-<br>200<br>460<br>1,287<br>4,500<br>189<br>600<br>200<br>125<br>34,570|2023<br>31,747<br>18,252<br>4,776<br>185<br>15,877<br>15,652<br>500<br>396<br>586<br>304<br>128<br>350<br>709<br>4,117<br>7,500<br>421<br>545<br>200<br>125<br>70,622<br>-34,570<br>-2,823|2023<br>31,747<br>18,252<br>4,776<br>185<br>15,877<br>15,652<br>500<br>396<br>586<br>304<br>128<br>350<br>709<br>4,117<br>7,500<br>421<br>545<br>200<br>125<br>70,622<br>-34,570<br>-2,823|2022<br>71,253<br>-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**<br>**ChurchEquipment**<br>**Furniture**<br>**Etc.**<br>NBV as at August 2020<br>814<br>1,084<br>Deprecation Yr. charge<br>-163<br>-217<br>NBV as at 31 August 2021<br>651<br>867<br>NBV as at August 2021<br>651<br>867<br>Deprecation Yr. charge<br>-130<br>-173<br>NBV as at 31 August 2022<br>521<br>694<br>NBV as at 1 Septemb 2022<br>521<br>694<br>Deprecation Yr. charge<br>-104<br>-139<br>NBV as at 31 August 2023<br>417<br>555<br>JANUARY TO DECEMBER 2022<br>28652.36<br>JANUARY TO AUGUST 2023||**Total**<br>1,898<br>-380|
|||1,518|
|||1,518<br>-304|
|||1,215|
|||1,215<br>-243|
|||972|
||2023 ACCT<br>11,938<br>19,809||
||31,747||