2021-12-31-accounts - Celestial Church Of Christ Greater London Parish

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Charity no 1136152

Celestial Church of Christ Greater London Parish

Annual Accounts

1 Jan 2021 - 31 Dec 2021

Prepared by DTT Consultancy Ltd

CELESTIAL CHURCH OF CHRIST GREATER LONDON PARISH

Report of the Trustees For the year ended 31 December 2021

The trustees present their report with the financial statements of the charity for the year ended 31 December 2021 The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) and Accounting and Reporting by Charities' issued in March 2005.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity number

1136152

Registered office

FLAT 17 HADYN PARK COURT CURWEN ROAD LONDON W12 9AL

Trustees

Sup. Evan. Adeyeye Olabamiji Oyelakin Ms. Shade Depass Mrs Victoria Olushola Adebiyi Ms Beatrice Olowoshile

Independent Examiner

Tunji Ogedengbe FCCA 36 Daffodil Close Hatfield Hertfordshire AL10 9FF

STRUCTURE, GOVERNANCE AND MANAGEMENT

The charity is controlled by its governing document, a deed of trust,

Organisational structure

The church is organised so that the trustees meet regularly to manage its affairs. The Pastor in charge manages the day to day administration of the church.

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 fraud and error.

Page 1

CELESTIAL CHURCH OF CHRIST GREATER LONDON PARISH

Report of the Trustees

For the year ended 31 December 2021

The trustees present their report with the financial statements of the charity for the year ended 31 December 2021. Reserves policy

The net income for the year amounted to £22,865. All these have been unrestricted reserves and no fund is allocated to restricted project.

The trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets are used for the day to day running of the church.

The reserve that we have set aside provide financial stability and means for the development of our principal activity We intend to maintain our reserves at a level which is at least equivalent to 3 months of annual expenditure. At this level, we believe the church would be able to continue the current activities of the church in the event of significant drop in funding.

Principal funding sources

This is provided mainly through voluntary tithes and offerings by the church members and through gift aid scheme. Pledges are also taken for specific projects.

FUTURE DEVELOPMENTS

The church will continue to explore various ways of spreading the gospel of Christ in an effective manner.

The charity is also looking to grow in membership and continue to develop its members to make life - changing impact in society.

STATEMENT OF TRUSTEES RESPONSIBILITIES

The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable applicable law of United Kingdom Generally Accepted Accounting Practice.

The trustees prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources. In preparing those financial statements, the trustees are required to

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charity SORP;
make judgements and estimates that are reasonable and prudent;

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time of the financial position of the charity

They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website.

SIGNED ON BEHALF OF THE TRUSTEES: Sup. Evan. Adeyeye Olabamiji Oyelakin

Date: 22/02/2022

Page 2

Independent Examiner's Report to the Trustees of CELESTIAL CHURCH OF CHRIST GREATER LONDON PARISH

I report on the accounts for the year ended 31st December 2021.

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the accounts.

The charity's trustees consider that an audit is not required for this year (under Section 43(2) of the Charities Act 1993 (the 1993 Act)) and that an independent examination is required. The charity's gross income exceeded £25,000 and I am qualified to undertake the examination by being a qualified member of FCCA. Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

examine the accounts under Section 43 of the 1993 Act
to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 43(7)(b) of the 1993 Act); and
to state whether particular matters have come to my attention.

Basis of the independent examiner's report

My 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 pr with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seekin explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all th evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts pre '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 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 386 and 387 of the Companies Act 2006; and to prepare accounts which accord with the accounting records, comply with the accounting requirements of Sections 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.

Tunji Ogedengbe FCCA

36 Daffodil Close Hatfield Hertfordshire AL10 9FF

Date: 22/03/2022

Celestial Church of Christ Greater London Parish Jan - Dec 2020	Celestial Church of Christ	Celestial Church of Christ	Celestial Church of Christ	Celestial Church of Christ	Celestial Church of Christ
	Annualaccountsforthe period
	Period start date	1st Jan 2021	To	Period end date	31st Dec 2021

Section A	Statement of financial activities
The trustees present their report with the financial statements of Details of own analysis Note Incoming resources (Note 3) Incoming resources from generated funds Voluntary income S01 Activities for generating funds S02 Investment income S03 Incoming resources from charitable activities S04 Other incoming resources S05 S06 Resources expended (Notes 4-8) Costs of Generating Funds Costs of generating voluntary income S07 Fundraising trading costs S08 Investment management costs S09 Charitable activities S10 Governance costs S11 Other resources expended S12 S13 S14 S15 S16 S17 S18 S19 S20 S21 *Total funds carried forward* Total funds brought forward *Net movement in funds* *Net incoming/(outgoing) resources before* *transfers* Prior Year Adjustments Gains and losses on revaluation of fixed assets for the charity’s own use Other recognised gains/(losses) *Net incoming/(outgoing) resources before* *other recognised gains/(losses)* Gross transfers between funds *Total resources expended* *Total incoming resources*		Unrestricted funds Restricted income funds Endowment funds Total this year Total last year £ £ £ £ £ F01 F02 F03 F04 F05
		-	-	-	-	-
		119,138	-	-	119,138	87,383
		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
		119,138	-	-	119,138	87,383

		-	-	-	-	-
		84,799	-	-	84,799	74,489
		-	-	-	-	-
		-	-	-	-	-
		11,474	-	-	11,474	2,487
		-	-	-	-	-
		-	-	-	-	-
		96,273	-	-	96,273	77,976
		22,865	-	-	22,865	9,407
		-	-	-	-	-
		22,865	-	-	22,865	9,407

		-	-	-	-	-
			-	-	-
		22,865	-	-	22,865	9,407
		39,518	-	-	39,518	30,111
		62,383	-	-	62,383	39,518

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Section B Balance sheet

Unrestricted funds £ F01	£ F02	Endowment funds £ F03	Total this year Total last year £ £ F04 F05	Total this year Total last year £ £ F04 F05
12,164	-	-	12,164	12,164
-	-	-	-	-
-	-	-	-	-
12,164	-	-	12,164	12,164

-	-	-	-	-
10,100	-	-	10,100	10,100
	-	-	-	-
40,469	-	-	40,469	17,604
50,569	-	-	50,569	27,704

350	-	-	350	350

50,219	-	-	50,219	27,354

62,383	-	-	62,383	39,518

-	-	-	-	-
-	-	-	-	-

62,383	-	-	62,383	39,518

62,383			62,383	39,518
			-	-
	-		-	-
		-	-	-

62,383	-	-	62,383	39,518

Signature		Date of approval Print Name
		Sup. Evan. Adeyeye Olabamiji Oyelakin		22/03/2022

Page 4

Section C Notes to the accounts

For the year ended 31 December 2021

The trustees present their report with the financial statements of the charity for the year ended 31 December 2020.

1.1 Basis of accounting

These accounts have been prepared on the basis of historic cost (except that investments are shown at market value) in accordance with:

Accounting and Reporting by Charities – Statement of Recommended Practice (SORP 2005);

• and with*  Accounting Standards; or Financial Reporting Standards for Smaller Enterprises (FRSSE);

and with the Charities Act 1993.

[** except for the following].

Give details in this box if a different standard has been followed.

-Tick as appropriate:
if all relevant disclosures shown in the pack have been given then please tick “Accounting Standards”;
if disclosures completed in these accounts have been restricted to those required by the FRSSE, then please tick “Financial Reporting
Standards for Smaller Enterprises (FRSSE)”.
** - If no departures from the chosen standards have been made then delete these words; otherwise give details of any changes in the boxes.

1.2 Change in basis of accounting

There has been no change to the accounting policies (valuation rules and methods of accounting) since last year (§ except for the following).

§ if no changes have been made to accounting policies then delete these words.

1.3 Changes to previous accounts

No changes have been made to accounts for previous years

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Section C Notes to the accounts (cont)

For the year ended 31 December 2021

This standard list of accounting policies has been applied by the charity except for those deleted. Where a different or additional policy has been adopted then this is detailed in the box below.

For the year ended 31 December 2021 *This standard list of accounting policies has been applied by the charity except for those deleted. Where a different or* *additional policy has been adopted then this is detailed in the box below.*	For the year ended 31 December 2021 *This standard list of accounting policies has been applied by the charity except for those deleted. Where a different or* *additional policy has been adopted then this is detailed in the box below.*
The trustees present their report with the financial statements of the charity for the
Recognition of incoming	These are included in the Statement of Financial Activities (SoFA) when:
resources	 the charity becomes entitled to the resources;
	 the trustees are virtually certain they will receive the resources; and
	 the monetary value can be measured with sufficient reliability.
Incoming resources with	Where incoming resources have related expenditure (as with fundraising or contract income)
related expenditure	the incoming resources and related expenditure are reported gross in the SoFA.
Grants and donations	Grants and donations are only included in the SoFA when the charity has unconditional
	entitlement to the resources.
Tax reclaims on donations	Incoming resources from tax reclaims are included in the SoFA at the same time as the gift to
and gifts	which they relate.
Contractual income and	This is only included in the SoFA once the related goods or services have been delivered.
performance related grants
Gifts in kind	Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised.
	Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or
	distributed by the charity.
	Gifts in kind for use by the charity are included in the SoFA as incoming resources when
	receivable.
Donated services and	These are only included in incoming resources (with an equivalent amount in resources
facilities	expended) where the benefit to the charity is reasonably quantifiable, measurable and
	material_._The value placed on these resources is the estimated value to the charity of the
	service or facility received.
Volunteer help	The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report.
Investment income	This is included in the accounts when receivable.
Investment gains and losses	This includes any gain or loss on the sale of investments and any gain or loss resulting from
	revaluing investments to market value at the end of the year.
EXPENDITURE AND LIABILITIES
Liability recognition	Liabilities are recognised as soon as there is a legal or constructive obligation committing the
	charity to pay out resources.
Governance costs	Include costs of the preparation and examination of statutory accounts, the costs of trustee
	meetings and cost of any legal advice to trustees on governance or constitutional matters.
Grants with performance	Where the charity gives a grant with conditions for its payment being a specific level of service
conditions	or output to be provided, such grants are only recognised in the SoFA once the recipient of the
	grant has provided the specified service or output.
Grants payable without	These are only recognised in the accounts when a commitment has been made and there are
performance conditions	no conditions to be met relating to the grant which remain in the control of the charity.
Support Costs	Support costs include central functions and have been allocated to activity cost categories on a
	basis consistent with the use of resources, eg allocating property costs by floor areas, or per
	capita, staff costs by the time spent and other costs by their usage.
ASSETS
Tangible fixed assets for use	These are capitalised if they can be used for more than one year, and cost at least £500. They
by charity	are valued at cost or a reasonable value on receipt.
Investments	Investments quoted on a recognised stock exchange are valued at market value at the year
	end. Other investment assets are included at trustees' best estimate of market value.
Stocks and work in progress	These are valued at the lower of cost or market value.

Page 6

Section C Notes to the accounts (cont)

For the year ended 31 December 2021

Incoming resources may be further analysed if this would help the reader of the accounts.

Analysis	This year Last year £ £	This year Last year £ £
Donation from members	102,487	68,269
Grant
Gift aid	16,651	19,114
Total	119,138	87,383

	-	-
	-	-
	-	-
	-	-
	-	-
Total	-	-

	-	-
	-	-
	-	-
	-	-
	-	-
Total	-	-

	-	-
	-	-
	-	-
	-	-
	-	-
Total	-	-

Page 7

Section C Notes to the accounts (cont)

For the year ended 31 December 2020

Resources expended may be further analysed if this would help the reader of the accounts. The trustees present their

Analysis	This year Last year £ £	This year Last year £ £
Premises costs	48,000	43,500
Telephone and fax	642	616
Printing,Postage & Stationery	1,192	1,277
Shepherds' Expenses	9,750	7,200
Travel and Transport	1,879	606
Spiritual items	266	115
Accountancyfees	-	350
Cleaning	1,069	317
Electricity/Water/Gas bill	8,274	7,919
Office Equipment	1,550	475
Repairs and maintenance	4,143	-
Office/Admin	2,240	1,150
Professional and legal fees	350	4,910
Harvest Materials	2,762	425
Choir	551
Computer services	462	703
Insurance	-	2,717
Youth/Children	375	300
Refuse Disposal	1,294	1,002
Entertainment		300
Publicity	-	609
Total	84,799	74,489

	-	-
	-	-
	-	-
	-	-
	-	-
Total	-	-

	-	-
	-	-
	-	-
Total	-	-

Donations	3,000	287
Pilgrimage	2,000	-
Welfare/Gift	2,742	1,150
Conference	3,732
Hospitality	-	800
Pastoral Dues	-	1,250
Total	11,474	3,487

	-	-
	-	-
	-	-
Total	-	-

Page 8

Section C Notes to the accounts (cont)

For the year ended 31 December 2020

Please complete this note if the charity has analysed its expenses using activity categories and has support costs.

*support costs.*
The trustees present their report with the financial statements	Fundraising activity £	Charitable Activity £	Governance Activity £	Total Cost £
	-	-	-	-
	-	-	-	-
	-	-	-	-
	-	-	-	-
	-	-	-	-
	-	-	-	-
	-	-	-	-
Total	-	-	-	-

Note 6 Details of certain items of expenditure

6.1 Trustee expenses

Please provide details of the amount of any payment or reimbursement of out-of-pocket expenses made to trustees or to third parties for expenses incurred by trustees. If no expenses were paid, please enter ‘None’ in the appropriate box(es).

Number of trustees who were paid expenses Nature of the expenses

Total amount paid

This year	Last year


£	£

6.2 Fees for examination or audit of the accounts

Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner or auditor. If nothing was paid please enter NONE in the appropriate box(es).

Other fees (for example: advice, consultancy, accountancy services) paid to the independent examiner or auditor Independent examiner’s or auditors' fees for reporting on the accounts	This year £	Last year £
	350	350

Page 9

Section C Notes to the accounts (cont)

Note 9 Tangible fixed assets

Please complete this note if the charity has any tangible fixed assets

9.1 Cost or valuation

9.1 Cost or valuation
Freehold land & buildings Other land & buildings Plant, machinery and motor vehicles Fixtures, fittings and equipment Payments on account and assets under construction Total £ £ £ £ £ £ Balance brought forward - 12,164 - - - 12,164 Additions - - - - - Revaluations - - - - - - Disposals - - - - - - Transfers - - - - - - Balance carried forward - 12,164 - - - 12,164 Basis* SL or RB SL or RB SL or RB SL or RB SL or RB Rate Balance brought forward - - - - - - Depreciation charge for year - - - - - - Impairment provisions - - - - - - Revaluations - - - - - - Disposals - - - - - - Transfers - - - - - - Balance carried forward - - - - - - Brought forward - 12,164 - - - 12,164 Carried forward - 12,164 - - - 12,164 9.3 Net book value 9.2 Accumulated depreciation and impairment provisions*	Freehold land & buildings £	Other land & buildings £	Plant, machinery and motor vehicles £	Fixtures, fittings and equipment £	Payments on account and assets under construction £	Total £
	-	12,164	-	-	-	12,164
	-	-		-	-	-
	-	-	-	-	-	-
	-	-	-	-	-	-
	-	-	-	-	-	-
	-	12,164	-	-	-	12,164
	-	-	-	-	-	-
	-	-	-	-	-	-
	-	-	-	-	-	-
	-	-	-	-	-	-
	-	-	-	-	-	-
	-	-	-	-	-	-
	-	-	-	-	-	-

	-	12,164	-	-	-	12,164
	-	12,164	-	-	-	12,164

9.4 Revaluation

If any fixed assets have been revalued please give details of the valuer and method of valuation

* The "transfers" row is for movements between fixed asset categories.

** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also please indicate the rate of depreciation: for straight line, what is the anticipated life of the asset (in years); for reducing balance, what is the percentage annual deduction.

Section C Notes to the accounts (cont)

For the year ended 31 December 2021

Please complete this note if the charity has any debtors or prepayments. The trustees present their report with the financial statements of the charity for the year ended 31 within one y December 2018

*p y y*	*ppy.*	*ppy.*
The trustees present their report with the financial statements of the charity for the year ended 31 December 2018 Trade debtors Amounts due from subsidiary and associated undertakings Other debtors Prepayments and accrued income Total	Amounts falling due within oneyear		Amounts falling due after more than oneyear
	This year £	Last year £	This year £	Last year £
		-	-	-
	-	-	-	-
	10,100	10,100	-	-
	-	-	-	-
	10,100	10,100	-	-

Note 12 Creditors and accruals

Please complete this note if the charity has any creditors or accruals. 12.1 Analysis of creditors

12.1 Analysis of creditors
Loans and overdrafts Trade creditors Amounts due to subsidiary and associated undertakings Other creditors Accruals and deferred income Total	Amounts falling due within oneyear		Amounts falling due after more than oneyear
	This year £	Last year £	This year £	Last year £
	-	-	-	-
	-	-	-	-
	-	-	-	-
	-			-
	350	350
	350	350	-	-

12.2 Security over assets

If any loan, overdraft or other creditor holds a charge or other security over any assets of the charity please provide details.

Page 10