CELESTIAL CHURCH OF CHRIST CITY OF THE LIVING GOD PARISH FINANCIAL STATEMENT FOR THE YEAR ENDED 30 NOVEMBER 2021
EMMANUEL STEPHENS & CO. CHARTERED ACCOUNTANTS, BUSINESS ADVISERS & CONSULTANTS 62 BEECHWOOD ROAD
LONDON E8 3DY
CELESTIAL CHURCH OF CHRIST CITY OF THE LIVING GOD PARISH FINANCIAL STATEMENT FOR THE YEAR ENDED 30 NOVEMBER 2021 Reports and Accounts
CONTENTS
| Company 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 CITY OF THE LIVING GOD PARISH FINANCIAL STATEMENT FOR THE YEAR ENDED 30 NOVEMBER 2021
CHARITY REGISTRATION NUMBER IN ENGLAND AND WALES 1137106
CELESTIAL CHURCH OF CHRIST CITY OF THE LIVING GOD PARISH FINANCIAL STATEMENT FOR THE YEAR ENDED 30 NOVEMBER 2021
Charity Information
THE MANAGEMENT COMMITTEE:
Chairperson
Michael Awolesi
General Secretary C O Olatunji
Charity Number 1137106
BUSINESS OFFICE
39 NIGHTINGALE VALE WOOLWICH COMMON LONDON SE18 4EN
BANKERS
Natwest Peckham 65 Peckham High Street London SE15 5RZ
ACCOUNTANTS
EMMANUEL STEPHENS & CO. 62 BEECHWOOD ROAD LONDON E8 3DY
Page 1
CELESTIAL CHURCH OF CHRIST CITY OF THE LIVING GOD PARISH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH NOVEMBER 2021
The Trustees present their report and the financial statements for the year ended 30th November 2021
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 retreats.
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:
Olaniyi Odubade C.O. Olatunji D. A. Sobowale Michael Awolesi Chairman
Prospects
The Parish was able to secure a lease with the landlord and the church is now settled in the new premises.
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:
Michael Awolesi TRUSTEE
C O Olatunji TRUSTEE
Page 2
CELESTIAL CHURCH OF CHRIST CITY OF THE LIVING GOD PARISH INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CELESTIAL CHURCH OF CHRIST CITY OF THE LIVING GOD PARISH
I report on the accounts of the Trust for the period ended 30th November 2021, Which are set out on paged 3 to 6.
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
Pages 3
CELESTIAL CHURCH OF CHRIST CITY OF THE LIVING GOD PARISH
Statement of Financial Activities for the period ended 30 November 2021
| 2021 | 2020 | |||||||
|---|---|---|---|---|---|---|---|---|
| Notes | Unrestricted | Restricted | Total | |||||
| £ | £ | £ | £ | |||||
| Incoming Resources | ||||||||
| Tithes, Offerings & | 1 | |||||||
| Similar Incoming Resources | 41,159 | - | 41,159 | 36,641 | ||||
| Gift Aid Received | 6,211 | 6,211 | 9,942 | |||||
| Total Incoming Resources | 47,369 | 0 | 47,369 | 46,583 | ||||
| Charitable Resources Expended | ||||||||
| Direct Charitable expenses | 2 | 2,173 | - | 2,173 | 10,955 | |||
| Management & Administration | 4 | 50,315 | - | 50,315 | 35,822 | |||
| Total Resources expended | 52,488 | - | 52,488 | 46,777 | ||||
| Net Incoming Resources for the year | - | 5,119 |
- | - | 5,119 |
- | 194 |
|
| Funds Brought Forward | 30,923 | - | 30,923 | 31,117 | ||||
| Fund Balances carried forward | 25,804 | - | 25,804 | 30,923 |
All disclosures relate to the continuing operations. There are no recognised gains or losses
Pages 4
CELESTIAL CHURCH OF CHRIST CITY OF THE LIVING GOD PARISH
Balance sheet as at 30[th ] November 2021
| Notes FIXED ASSETS Tangible Fixed Assets CURRENT ASSETS Stock of Church Materials 3 Prepayments Cash in Hand/ Bank CURRENT LIABILITIES 5a NET CURRENT ASSETS Amount falling due after one year Bounce Back Loan 5b NET ASSETS ACCUMULATED FUNDS Unrestricted 6 Amount falling due within a year |
£ £ £ 18,047 18,047 150 150 - - 16,807 11,568 16,957 11,718 1,920 5,189 15,037 7,280 25,804 25,804 25,804 2021 |
£ 24,394 2020 |
|---|---|---|
| 24,394 6,529 |
||
| 16,957 1,920 |
||
| 30,923 | ||
| 30,923 | ||
| 30,923 |
For the year ending 30[th] November 2021,the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Copanies Act 2006.
The director acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.
Approved by the Trustees and Signed on their behalf:
Michael Awolesi
Pages 5
CELESTIAL CHURCH OF CHRIST CITY OF THE LIVING GOD PARISH
Notes to the financial statements for the year ended 30[th] November 2021
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.
| 3.STOCKS | 2021 | 2020 |
|---|---|---|
| £ | £ | |
| Church Materials | 150 | 150 |
2. DIRECT CHARITABLE EXPENDITURE
This comprises all expenditure directly related to the objects of the of the charity. It also includes the expenditure in support of that activity where material.
| ABLE EXPENDITURE xpenditure directly related to the objects of the of the charity. ort of that activity where material. |
It also includes the | |
|---|---|---|
| Wages Donations Publicity Pastoral Returns/Honorarium Harvest Expenses |
2021 £ - 550 - 193 1,430 2,173 |
2020 £ - 4,695 - 6,010 250 |
| 10,955 |
Pages 6
3. MANAGEMENT AND ADMINISTRATION
| AND ADMINISTRATION | ||
|---|---|---|
| Professional fees Travel/Transport Rent Telephone Repairs & Maintenance General Expenses Sunday School Refuse Disposal Insurance Gas & Electric Printing, Postage & Stationery Depreciation Church Materials Accountancy fee Bounce Back Loan Interest |
Total 2021 £ 907 0 17,702 1,176 10,366 840 0 233 404 1,709 652 6,347 9,212 680 87 50,315 |
Total 2020 £ 1,489 0 8,000 1,798 0 1,294 0 233 1,645 1,818 890 6,347 11,529 780 0 |
| 35,823 |
4.DEPRECIATION
This has been provided at the following rates in order to write off the assets over their estimated
| useful lives Building Refurbishment Furniture, Fixtures & Fittings Musical Instrument 5a. Amount falling due within one year Bounce back Loan Accountancy 5b. Amount falling due more than one year |
10% 20% 20% 2021 2020 £ £ 1,920 - - 500 |
|---|---|
| 1,920 500 7,280 0 |
6. UNRESTRICTED FUNDS
These are grants and donations received or receivable for the objects of the charity without restrictions 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.
8. FIXED ASSETS
| Cost At 1 December 2020 Additions in the year At 30 November 2021 Depreciation At 1 December 2020 Charged in the year At 30 November 2021 Net Book Values At 30 November 2021 At 30 November 2020 |
Building Improvement Musical Instrument Furniture, Fixtures & Fittings Total £ £ £ £ 40,548 11,462 1,050 53,060 - - - - |
|---|---|
| 40,548 11,462 1,050 53,060 |
|
| 19,290 8,326 1,050 28,666 4,055 2,292 - 6,347 |
|
| 23,345 10,618 1,050 35,013 |
|
| 17,203 844 - 18,047 |
|
| 21,258 3,136 - 24,394 |
Pages 7