## **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:
1. 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
2. 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
£
£
£
**Incom**Tithes & 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