Registered number 1134663
CELESTIAL CHURCH OF CHRIST ERITH PARISH
Report and Accounts
31 March 2021
High Glory Associates
61 Sherbourne Close Off Central Road Dartford DA1 5WQ
CELESTIAL CHURCH OF CHRIST ERITH PARISH Reports and financial statements Contents
| Page | |
|---|---|
| Charity's information | 1 |
| Trustees' report | 2 |
| Accountants' report | 4 |
| Financial statements | 5 |
| Balance sheet | 6 |
| Notes to the financial statements | 7 |
CELESTIAL CHURCH OF CHRIST ERITH PARISH Charity Information
Trustees and directors
Revd. Anthony Onome Emmanuel Mr. Abinbola Olayinka AJIBONA Mr. Babatunde Samson MAKANJUOLA Ms. Rosemary EBOREIME Ms JosephineE Oluyemisi KEHINDE Mr. Waleola Abiodun OLADUNNI
Accountants
High Glory Associates
61 Sherbourne Close Dartford Kent DA1 5WQ
Bankers
Barclays bank Erith Shopping centre Erith
Registered office
33 Bexley road Erith kent DA8 1SH
Registered number 1134663
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CELESTIAL CHURCH OF CHRIST ERITH PARISH Registered number: 1134663 Trustees' Report for the year ended 31 March 2021
The trustees who are also directors of the charity for the purpose of the Companies Acts 2006, present their report with the financial statements of the charity for the year ended 31 March 2021. The trustees have adopted the provisions of the statement of Recommended Practice (SORP) Accounting and Reporting by Charities' issued in March 2005.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, deed of trust, and consitutes a limited company, limited by guarantee, as defined by the Companies Acts 2006.
Trustees and Directors
The following persons served as Trustee or directors during the year:
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Revd. Anthony Onome Emmanuel
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Mr. Abinbola Olayinka AJIBONA
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Mr. Babatunde Samson MAKANJUOLA
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Ms. Rosemary EBOREIME
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Ms JosephineE Oluyemisi KEHINDE
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Mr. Waleola Abiodun OLADUNNI
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fruad and error.
The trustees have identified the major strategic risk to which the charity is exposed to and have establised control action to mitigate them. Each year, risk assessment is carried out and are subject to continual review and appropriate monitoring.
The Trustees take all appropriate steps to moderate and manage the inevitable operational risks to which members, volunteers staff and assets of the charity are exposed.
Competence based training for volunteers, and monitoring of new legislative requirements are example of steps taken.
Procedures for children and vulnerable adults protection and for health and safety risks are in place. Furthermore a risk register is to be established and updated annually.
This report was approved by the board on 28 June 2021 and signed by its order.
Revd. Anthony Onome Emmanuel
Trustee/ Chairman
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INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CELESTIAL CHURCH OF CHRIST ERITH PARISH
Report to the trustees on the independent examination of CELESTIAL CHURCH OF CHRIST ERITH PARISH financial statements for the year ended 31 March 2021
Respective responsibilities of trustees and examiner
The trustees (Who are also the directors for the purposes of company law) are responsible for the preparation of the accounts. It is your duty to ensure that CELESTIAL CHURCH OF CHRIST ERITH PARISH has kept adequate accounting records and prepare statutory accounts that give a true and fair view of the assets, liabilities, and financial position of CELESTIAL CHURCH OF CHRIST ERITH PARISH. The charity's trustees consider that an audit is not required for this year (under Section 144(2) of the Charities Acts 2011 and that an independent examination is required.
Having satisfied myself that the charity is not subject to audit under the company law and is eligible for independent examination, it is my responsibility to :
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examine the accounts under Section 145 of the 2011 Acts
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to follow the procedures laid down in the General Direction given by the Charity Commission (under Section 145(5)(b) of the 2011 Acts; and
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to state whether particular matters have come to my attention.
Basis of the independent examinater's report
We have not been instructed to carry out an audit but a review of the accounts of CELESTIAL CHURCH OF CHRIST ERITH PARISH. Our examination was carried out in accordance with the General Directions given by the Charity Commission. 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 statements below.
Independent examiner's statement
In connection with our examination, no matter has come to our attention:
1) which give reasonable cause to believe that, in any
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to keep accounting records in accordance with section 386 and 387 of the Companies Act 2006 and
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to prepare accounts which accord with the accounting records, comply with the accounting requirements of Section 394 and 395 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met; or
2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
High Glory Associates Accountants 61 Sherbourne Close Dartford Kent DA1 5WQ
28 June 2021
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CELESTIAL CHURCH OF CHRIST- ERITH PARISH Profit and Loss Account for the year ended 31 March 2021
| Notes Incoming Resources Voluntary incoming resources Gross profit Resources expended Charitable activities Unrestricted Governance costs Total resources expended Net incoming/(outgoing) Resources Reconciliation of funds Net incoming/(outgoing) Resources Net fund brought forward Total funds carried forward |
2021 £ 77,439 77,439 (66,317) (6,037) (72,354) 5,085 5,085 55,950 61,035 |
2020 £ 90,734 |
|---|---|---|
| 90,734 (80,562) (5,132) |
||
| (85,694) | ||
| 5,040 | ||
| 5,040 50,910 |
||
| 55,950 |
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CELESTIAL CHURCH OF CHRIST- ERITH PARISH Balance Sheet
as at 31 March 2021
| Notes | 2021 | 2020 | |||
|---|---|---|---|---|---|
| £ | £ | ||||
| Fixed assets | |||||
| Tangible assets | 3 | 769 | 3,281 | ||
| 769 | 3,281 | ||||
| Current assets | |||||
| Debtors | 4 | - | |||
| Cash at bank and in hand | 82,703 | 53,119 | |||
| 82,703 | 53,119 | ||||
| Creditors: amounts falling due | |||||
| within one year | 5 | (22,437) | (450) | ||
| Net current assets | 60,266 | 52,669 | |||
| Total assets less current | |||||
| liabilities | 61,035 | 55,950 | |||
| Net assets | 61,035 | 55,950 | |||
| Funds | |||||
| Unrestricted funds | 7 | 61,035 | 55,950 | ||
| Reserve' funds | 61,035 | 55,950 |
The Trustees or directors are satisfied that the charity is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the charitable company to obtain an audit in accordance with section 476 of the Act.
The trustees acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
And preparing the financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of sections 394 and 395 and which otherwise comply with the requirement of the Companies Act 2006 relating to financial statements, so far as applicable to the charity.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
The financial statements were approved by the Board of Trustees on 28 June 2021 and were signed on its behalf by:
Revd. Anthony O Emmanuel
Trustee Approved by the board on 28 June 2021
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Notes to the Accounts for the year ended 31 March 2021
CELESTIAL CHURCH OF CHRIST- ERITH PARISH
1 Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
Incoming resources
All incoming resources are included on the statements of Financial Activities where the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy. These are donations from the members to aid the smooth running of the charity.
Resources expended
Expenditure is accounted for on an accrual basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to a particular headings they have been allocated to activitieson a basis consistent with the use of resources.
Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and machinery 20% straight line Motor vehicles 25% straight line
2 Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund accounting
Unrestricted fund can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for the particular restricted purposes with the objects of the charity. Restrictions arise when specified by the donor or when funds is included in the notes to the financial statements
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CELESTIAL CHURCH OF CHRIST- ERITH PARISH Notes to the Accounts for the year ended 31 March 2021
3 Tangible fixed assets
| Cost At 1 April 2020 Additions At 31 March 2021 Depreciation At 1 April 2020 Charge for the year At 31 March 2021 Net book value At 31 March 2021 At 31 March 2020 4 Debtors Other debtors 5 Creditors: amounts falling due within one year Other creditors 6 Net incoming/(outgoing) Resources Net resources are stated after charging/crediting: Depreciation |
Plant and machinery etc £ 14,301 1,232 15,533 11,658 3,107 14,765 768 2,643 |
Motor vehicles Total assets £ £ 3,800 18,101 1,232 3,800 19,333 3,162 14,820 637 3,744 3,799 18,564 1 769 638 3,281 2021 2020 £ £ - - 2021 2020 £ £ 22,437 450 22,437 450 2020 2019 £ £ 3,744 1,201 |
|---|---|---|
Trustees' remuneration and benefits
A trustee, who is also the shepherd of the church received £24,849 ( £22,183 in 2020 ) classified as Pastoral fund. This include pension fund and National Insurance. This is inline with the general practise of the church.
Trustees' expenses.
There were no trustees' expenses paid for during the year ended 31 March 2021 nor for the year ended 31 March 2020.
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CELESTIAL CHURCH OF CHRIST- ERITH PARISH Notes to the Accounts for the year ended 31 March 2021
| 7 Movement in funds As at 01/04/2020 £ Unrestricted fund General fund 55,235 Restricted fund 715 Total funds 55,950 Net movement in funds, included in the above are as follows: £ Unrestricted fund General fund 71,219 Restricted fund 6,220 Total funds 77,439 Incoming resources |
£ (635) 5,720 5,085 £ (71,854) (500) (72,354) Resources expended Net Movement in |
As at 31/03/2021 £ 54,600 6,435 |
|---|---|---|
| 61,035 | ||
| £ (635) 5,720 Movement in fund |
||
| 5,085 |
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CELESTIAL CHURCH OF CHRIST- ERITH PARISH Detailed profit and loss account for the year ended 31 March 2021
| Incoming Resources Government grants - Donations Building - Restricted fund Donations - Unrestricted fund Resources expended Charitable activities Travel and subsistence Motor expenses Rent Rates Light and heat Telephone and fax Charitable activities Pastorial fund Choir expenses Gifts and Donations Spiritual items Sundry expenses Governance costs Accountancy fees Printing and Postages Bank charges Depreciation Insurance Repairs and maintenance |
2021 £ 8,980 6,220 62,239 77,439 698 207 32,000 494 697 804 3,043 24,849 - 2,300 1,000 225 66,317 650 225 742 3,744 176 500 6,037 72,354 |
2020 £ - 14,148 76,586 |
|---|---|---|
| 90,734 | ||
| 1,969 32,000 1,113 4,690 784 11,730 22,183 1,604 3,220 276 993 |
||
| 80,562 | ||
| 450 288 1,888 1,201 192 1,113 |
||
| 5,132 | ||
| 85,694 |
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