CELESTIAL CHURCH OF CHRIST
AYOMIDE PARISH
FINANCIAL STATEMENT FOR THE YEAR ENDED 33ST AUGUST 2024
EMMANUEL STEPHENS & CO. CHARTERED ACCOUNTANTS, BUSINESS ADVISERS & CONSULTANTS 62 BEECHWOOD ROAD, LONDON E8 3DY
CELESTIAL CHURCH OF CHRIST
AYOMIDE PARISH
FINANCIAL STATEMENT FOR THE YEAR ENDED 33ST AUGUST 2024
CHARITY REGISTRATION NUMBER IN ENGLAND AND WALES 1138577
CELESTIAL CHURCH OF CHRIST
AYOMIDE PARISH
FINANCIAL STATEMENT FOR THE YEAR ENDED 33ST AUGUST 2024
Reports and Accounts
CONTENTS
| Charity Information | 1 |
|---|---|
| Trustees Report | 2 |
| Accountant's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to Accounts | 6 - 7 |
CELESTIAL CHURCH OF CHRIST
AYOMIDE PARISH
FINANCIAL STATEMENT FOR THE YEAR ENDED 31ST AUGUST 2024
Charity Information
THE MANAGEMENT COMMITTEE:
Chairperson
Mr Felix Abiodun Ayanda
General Secretary
David Moronfolu
Charity Registration No: 1115765
BUSINESS OFFICE
Unit 1 Bakers Court Coppen Road, DAGENHAM
BANKERS
HSBC 15 Wellington Street Woolwich London SE18 6PH
ACCOUNTANTS
EMMANUEL STEPHENS & CO. 62 BEECHWOOD ROAD LONDON E8 3DY
Page 1
CELESTIAL CHURCH OF CHRIST
AYOMIDE PARISH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST AUGUST 2024
The Trustees present their report and the financial statements for the year ended 31st August 2024
Activities in the year
We continue to promote the gospel of God and to spread the good news to all. The aparatus used for this purpose includes regular fellowship, ministering the word, training of disciples, organising conferences and retreat.
Trustees
The church is managed by a Board of Trustees appointed annually at the Annual General Meeting. The day to day operations of the charity is run by the Chief Executive who is supported by one Administrator. The Trustees who served during the year are: Michael Yomi-Gabriel
Olasunkanmi Adigun Olaide Moradeyo Ajao Bridget Olere Igbanoi Rev Richard Dele Moronfolu Felix Abiodun Ayanda
Prospects
The Church pursued the objects of the charity throughout the year, we succeeded in winning more souls for Christ and we consolidated on the current structure of the charity.
Finances
The attached financial statement show the current state of affairs which the Trustees consider to be melting point for future progress.
This report was approved by the Board on and signed on its behalf by:
Felx A Ayanda
TRUSTEE
Page 2
CELESTIAL CHURCH OF CHRIST AYOMIDE PARISH
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CELESTIAL CHURCH OF CHRIST AYOMIDE PARISH
I report on the accounts of the Trust for the period ended 31st August 2024, which are set out on pages 4 to 7.
RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND EXAMINER
As the Charity's Trustees, you are responsible for the preparation of the Account: you consider that the audit requirement of section 43(2) of the Charities Act 1993 ("the Act") does not apply. It is my responsibility to:
. Examine the accounts under section 145 of the 2011 Act;
. to follow the procedure s laid down in the general Directions given by the Charity Commission under section 145(5) of the 2011 Act; . to state whether particulat matters have come to my attention.
BASIS OF INDEPENDENT EXAMINER'S REPORT
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charity and a comparison of the Accounts presented with those records. It also includes consideration of any unusual items or disclosures in the Accounts, and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a true and fair view' and the report is limited to those matters set out in the statement below.
INDEPENDENT EXAMINER'S STATEMENT
In connection with my examination, no matter has come to my attention:
-
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 to comply with the accounting requirements of the 2011 Act. have not been met: or
-
to which, in my opinion, attention be drawn to enable a proper understanding of the accounts to be reached.
Emmanuel Stephens & Co.
Chartered Accountants, Business Advisers & Consultants 62 Beechwood Road London E8 3DY
Page 3
CELESTIAL CHURCH OF CHRIST
AYOMIDE PARISH
Statement of Financial Activities for the period ended 31st August 2024
| Notes £ £ £ IncomTithes & Offerings 26,886 Grant Received - Gift Aid 4,545 31,431 Direct Charitable Expenditure Rent Payable 15,500 Light & Heat 2,807 Repairs & Maintenance - Church Expenses 7,000 Printing Postage & Stationery - Telephone 331 Honorarium - Pastoral Dues - Cleaning Expenses - Spiritual Materials - Harvest Expenses - Bank Charges 1,196 Legal & Professional fees - Accountancy 500 Charitable Donations - Depreciation of Fixtures & Equipment 27,334 Operating Surplus/(Deficit) 4,097 Other Income & Expenses Bank Deposit Interest 0 Net Surplus/(Deficit) for the Year 4,097 Balance brought forward (6) Accumulated Surplus/(Deficit c/fwd 4,091 2024 |
£ | £ 16,872 - 4,545 2023 |
|---|---|---|
| 21,417 12,500 2,578 4,000 510 500 131 500 0 20,719 698 0 |
||
| (2,815) 2,809 |
||
| (6) |
All disclosures relate to the continuing operations. There are no recognised gains or losses other tha those disclosed above.
Page 4
CELESTIAL CHURCH OF CHRIST
AYOMIDE PARISH
Balance sheet as at 30 November 2024
| Notes FIXED ASSETS Tangible Fixed Assets 8 CURRENT ASSETS Debtors Cash in Hand/ Bank CURRENT LIABILITIES 5 NET CURRENT ASSETS NET ASSETS ACCUMULATED FUNDS Unrestricted 6 Amount falling due within a year |
£ £ £ - - 3,990 3,990 4,351 952 8,341 4,942 4,250 4,250 4,091 4,091 4,091 4,091 2024 |
£ - - 692 2023 |
|---|---|---|
| 8,341 4,250 |
||
| 692 | ||
| 692 | ||
| 692 |
Approved by the Trustees and Signed on their behalf:
Page 5
CELESTIAL CHURCH OF CHRIST
AYOMIDE PARISH
Notes to the financial statements for the period ended 31 August 2024
ACCOUNTING POLICIES
The accounts have been prepared in compliance with the statement of Recommended Practice (SORP): Accounting for Charities.
1. GRANTS, DONATIONS ETC
These are recognised in full in the Statement of Financial Activities in the period in which they are received.
| 2.OPERATING SURPLUS/(DEFICIT) | 2024 | 2023 | |
|---|---|---|---|
| £ | £ | ||
| Operating deficit is after charging: | |||
| Depreciation written off on tangible fixed assets | - | - | |
| 3.DEBTORS | 2024 | 2023 | |
| £ | £ | ||
| Other Debtors | 3,990 | 3,990 |
4.DEPRECIATION
This has been provided at the following rates in order to write off the assets over their estimated useful lives
Furniture, Fixtures & Fittings 20% on reducing balance basis
| 5. LIABILITIES This represent the accountancy fees. Others |
2024 2023 £ £ 500 500 3,750 3,750 |
|---|---|
| 4,250 4,250 |
6. UNRESTRICTED FUNDS
These are grants and donations received or receivable for the objects of the charity without restrictio as to purpose but are available as general funds.
7. RESTRICTED FUNDS
Restricted funds are used for the purpose as specified by the donor. Expenditure that meets these criteria is identified to the fund.
Page 6
8. FIXED ASSETS
| 8. FIXED ASSETS | |
|---|---|
| Cost At 1 September 2023 Additions in the year At 31st August 2024 Depreciation At 1 September 2023 Charge for the year At 31st August 2024 Net Book Values At 31 August 2024 At 31 August 2023 |
Motor Van Furniture, Fixtures & Fittings Total £ £ £ 8,000 6,808 14,808 - - |
| 8,000 6,808 14,808 |
|
| 8,000 6,808 14,808 - - |
|
| 8,000 6,808 14,808 |
|
| - - |
|
| - - |
Page 7