## **Report of the Trustees and** **Financial Statements for the Year Ended 31 May 2023** **for** **THE CELESTIAL CHURCH OF CHRIST JEHOVAH ELIYON PARISH** ## **THE CELESTIAL CHURCH OF CHRIST JEHOVAH ELIYON PARISH** ## **Contents of the Financial Statements for the Year Ended 31 May 2023** ||**Page**| |---|---| |**Company Information**|1| |**Report of the Trustees**|2| |**Income Statement**|3| |**Balance Sheet**|4| |**Notes to the Financial Statements**|5| |**Chartered Certified Accountants' Report**|7| |**Detailed Income and Expenditure Account**|8| **THE CELESTIAL CHURCH OF CHRIST JEHOVAH ELIYON PARISH** ## **Charity Information** ## **for the Year Ended 31 May 2023** ## **TRUSTEES:** ## **REGISTERED OFFICE:** A A Ayinde Mrs A A Ayinde 4 Creek Road Barking IG11 0JH **REGISTERED NUMBER:** 1136801 (England and Wales) **ACCOUNTANTS:** Samuelsons & Co Chartered Certified Accountants The Brentano Suite Solar House 915 High Road North Finchley London N12 8QJ Page 1 **THE CELESTIAL CHURCH OF CHRIST JEHOVAH ELIYON PARISH** ## **Report of the Trustees for the Year Ended 31 May 2023** The trustees present their report with the financial statements of the charity for the year ended 31 May 2023. ## **PRINCIPAL ACTIVITY** The principal activity of the charity in the year under review was that of religious organisation. ## **TRUSTEES** The trustees shown below have held office during the whole of the period from 1 June 2022 to the date of this report. A A Ayinde Mrs A A Ayinde ## **TRUSTEES’ REVIEW** After a critical review of our activities for the year ended 31 May 2023, we are of the opinion that the Church has performed reasonably well in line with her scope of operations as a charitable organisation. We organised various activities during the year and would continue to gear our efforts towards the realisation of the main objectives of the Church. While focusing on members’ spiritual growth and physical wellbeing, the Church is striving to maintain a positive impact in the community at large. New activities and programmes are being planned for the future to encourage both youth and adult to be proactively involved in the propagation of the gospel and promotion of peace and harmony in the society. We put our confidence in God to give us the energy and zeal to accomplish the assignment before us hoping to surpass the achievements of the previous years. Mrs A A Ayinde For and on behalf of: **The Celestial Church of Christ Jehovah Eliyon Parish** 20 March 2024 Page 2 ## **THE CELESTIAL CHURCH OF CHRIST JEHOVAH ELIYON PARISH** ||**for the**|**Income Statement**
**Year Ended 31 May 2023**| |---|---|---| |||| |Notes
**TURNOVER**
Administrative expenses
**OPERATING DEFICIT and**
**DEFICIT BEFORE TAXATION**
Tax on deficit
5
**DEFICIT FOR THE FINANCIAL YEAR**||**31.5.23**
31.5.22

**£**
£
**25,599**
19,283
**45,730**
40,640
**(20,131)**
(21,357)
**-**
-
**(20,131)**
(21,357)| The notes form part of these financial statements Page 3 ## **THE CELESTIAL CHURCH OF CHRIST JEHOVAH ELIYON PARISH (REGISTERED NUMBER: 1136801)** ## **Balance Sheet** ## **31 May 2023** |Notes
**FIXED ASSETS**
Tangible assets
6
**CURRENT ASSETS**
Cash at bank
**CREDITORS**
Amounts falling due within one year
7
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**RESERVES**
Income and expenditure account
8|**31.5.23**
**£**
**39,183**
**960**|**£**
**1,070**
**38,223**
**39,293**
**39,293**
**39,293**|31.5.22
£
59,536
480|£
368
59,056
59,424
59,424
59,424| |---|---|---|---|---| The charity is entitled to exemption from audit under Section 137 of the Charities Act 2011 for the year ended 31 May 2023. The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2023 in accordance with Section 137 of the Charities Act 2011. The directors acknowledge their responsibilities for: - (a) ensuring that the company keeps accounting records which comply with Sections 137 of the Charities Act 2011 and - (b) preparing financial statements which give a true and fair view of the state of affairs of the 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 137 and which otherwise comply with the requirements of the Charities Act 2011 relating to financial statements, so far as applicable to the company. The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small charities’ regime. The financial statements were approved by the Board of Trustees and authorised for issue on 20 March 2024 and were signed on its behalf by: A A Ayinde - Trustee Mrs A A Ayinde - Trustee The notes form part of these financial statements Page 4 **THE CELESTIAL CHURCH OF CHRIST JEHOVAH ELIYON PARISH** ## **Notes to the Financial Statements for the Year Ended 31 May 2023** ## 1. **STATUTORY INFORMATION** The Celestial Church of Christ Jehovah Eliyon Parish is a charity registered in England and Wales. The charities's registered number and registered office address can be found on the Charity Commission page. ## 2. **ACCOUNTING POLICIES** ## **Basis of preparing the financial statements** These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention. ## **Turnover** Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Fixtures, fittings & equipment - 25% on reducing balance ## **Taxation** Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current or deferred taxation assets and liabilities are not discounted. Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. ## **Deferred tax** Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. ## 3. **OPERATING DEFICIT** The operating deficit is stated after charging: Depreciation - owned assets **31.5.23** 31.5.22 **£** £ **356** 122 Page 5 continued... **THE CELESTIAL CHURCH OF CHRIST JEHOVAH ELIYON PARISH** ## **Notes to the Financial Statements - continued for the Year Ended 31 May 2023** ## 5. **TAXATION** ## **Analysis of the tax charge** No liability to UK corporation tax arose for the year ended 31 May 2023 nor for the year ended 31 May 2022. ## 6. **TANGIBLE FIXED ASSETS** |6.|**TANGIBLE FIXED ASSETS**||| |---|---|---|---| ||||**Fixtures,**| ||||**fittings**| ||||**& equipment**| ||||**£**| ||**COST**||| ||At 1 June 2022||**6,489**| ||Additions||**1,058**| ||At 31 May 2023||**7,547**| ||**DEPRECIATION**||| ||At 1 June 2022||**6,121**| ||Charge for year||**356**| ||At 31 May 2023||**6,477**| ||**NET BOOK VALUE**||| ||At 31 May 2023||**1,070**| ||At 31 May 2022||368| |7.|**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**||| |||**31.5.23**|31.5.22| |||**£**|£| ||Accrued expenses|**960**|480| |8.|**RESERVES**||| ||||**Income**| ||||**and**| ||||**expenditure**| ||||**account**| ||||**£**| ||At 1 June 2022||**59,424**| ||Deficit for the year||**(20,131)**| ||At 31 May 2023||**39,293**| Page 6 **Chartered Certified Accountants' Report to the Board of Trustees on the Unaudited Financial Statements of The Celestial Church of Christ Jehovah Eliyon Parish** In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of The Celestial Church of Christ Jehovah Eliyon Parish for the year ended 31 May 2023 which comprise the Income Statement, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook. This report is made solely to the Board of Directors of The Celestial Church of Christ Jehovah Eliyon Parish, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of The Celestial Church of Christ Jehovah Eliyon Parish and state those matters that we have agreed to state to the Board of Directors of The Celestial Church of Christ Jehovah Eliyon Parish, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. It is your duty to ensure that The Celestial Church of Christ Jehovah Eliyon Parish has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of The Celestial Church of Christ Jehovah Eliyon Parish. You consider that The Celestial Church of Christ Jehovah Eliyon Parish is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of The Celestial Church of Christ Jehovah Eliyon Parish. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. Samuelsons & Co Chartered Certified Accountants The Brentano Suite Solar House 915 High Road North Finchley London N12 8QJ 20 March 2024 This page does not form part of the statutory financial statements Page 7 ## **THE CELESTIAL CHURCH OF CHRIST JEHOVAH ELIYON PARISH** ## **Detailed Income and Expenditure Account for the Year Ended 31 May 2023** |**Income**
Tithes & donations
Offering & general income
**Expenditure**
Church rent
Telephone and internet
Printing, post and stationery
Repairs and renewals
Computer running expenses
Storage & sundry expenses
Harvest & anniversary expenses
Ministerial allowances
Accountancy
**Depreciation**
Depn: fixtures, fittings & equ
**NET DEFICIT**|**31.5.23**
**£**
**10,250**
**15,349**
**19,000**
**650**
**58**
**2,104**
**678**
**4,654**
**3,820**
**13,930**
**480**|**£**
**25,599**
**45,374**
**(19,775)**
**356**
**(20,131)**|31.5.22
£
10,002
9,281
11,400
-
109
10,166
-
3,453
1,756
13,154
480|£
19,283
40,518
(21,235)
122
(21,357)| |---|---|---|---|---| This page does not form part of the statutory financial statements Page 8