CELESTIAL CHURCH OF CHRIST REDEMPTION PARISH 2024 ACCOUNTS
EMMANUEL STEPHENS & CO. CHARTERED ACCOUNTANTS, BUSINESS ADVISERS & CONSULTANTS 62 BEECHWOOD ROAD, LONDON E8 3DY
CELESTIAL CHURCH OF CHRIST REDEMPTION PARISH Report and Accounts for the year ended 30th SEPTEMBER 2024
CHARITY REGISTRATION NUMBER IN ENGLAND AND WALES 1138687
CELESTIAL CHURCH OF CHRIST REDEMPTION PARISH Reports and Accounts
| CONTENTS | |
|---|---|
| Charity Information | 1 |
| Trustees annual report | 2 |
| Accountant's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to Accounts | 6-8 |
CELESTIAL CHURCH OF CHRIST REDEMPTION PARISH
Charity Information
Trustees
MS. RUTH ADETOUN ADESHINA MR VICTOR SODE MS. FOLASHADE ADEBISI OGUNKOYA
Charity Registration No: 1138687
Principal Location
Unit 5 Tapp Street Bethnal Green London E1 5RE
Bankers
The Co-operative Bank 151/155 Hoe Street Walthamstow London E17 3AN
Accountants
Emmanuel Stephens & Co 62 Beechwood Road London E8 3DY
CELESTIAL CHURCH OF CHRIST REDEMPTION PARISH
TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 30 SEPTEMBER 2024
The trustees have the pleasure of submitting their report and the financial statements for the year ended 30th SEPTEMBER 2024
Review of Financial Position
Please refer to the annexed accounts for the details of the financial statements for the year ended 30-Sep-24
Reserves Policy
The trustees would like to work towards a situation whereby the charity could maintain unrestricted funds at a level which equates to approximately three months of unrestricted expenditure.
Trustees' Responsibilities in Relation to the Financial Statements
The Charities Act requires the Trustees to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for that period. In preparing these financial statements, the trustees are required to:
-
a) Select suitable accounting policies and apply them consistently;
-
b) Make judgements and estimates that are reasonable and prudent;
c) State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements.
- d) Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act. They are also responsible for safeguarding the assets of the charity and hence for taking any reasonable steps for the prevention and detection of fraud and other irregularities.
Approval
This report was approved by the Board of Trustees and signed on their behalf by:
Signature:
Name: Date:
Page 2
CELESTIAL CHURCH OF CHRIST REDEMPTION PARISH
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CELESTIAL CHURCH OF CHRIST REDEMPTION PARISH
I report on the accounts of the Trust for the period ended 30th SEPTEMBER 2024, which are set out on pages 4 to 8.
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
Page 3
CELESTIAL CHURCH OF CHRIST REDEMPTION PARISH Statement of Financial Activities for the year ended 30th SEPTEMBER 2024
| 2023 | 2023 | ||||
|---|---|---|---|---|---|
| Notes | Unrestricted | Restricted | Total | Total | |
| £ | £ | £ | £ | ||
| Incoming Resources | |||||
| Incoming resources from generated funds: | |||||
| Voluntary income:donations | 1a | 28,041 | - | 28,041 | 16,627 |
| Activities in furtherance of the charit | 1b | - | - | ||
| objects Gift Aid |
4,967 | 4,967 | 3410.98 | ||
| Total Incoming Resources | 33,008 | - | 33,008 | 20,038 | |
| Resources Expended | |||||
| Charitable activities: | |||||
| Gifts and donations and other charitable 2 | 3,250 | 3,250 | 3,077 | ||
| purposes | |||||
| Governance costs: | |||||
| Management & Administration | 3 | 10,200 | - | 10,200 | 9,911 |
| Total Resources expended | 13,450 | 0 | 13,450 | 12,988 | |
| Net Incoming/(Outgoing) Resources | for the yea | 19,558 | 0 | 19,558 | 7,050 |
| Net Movement in Funds | 4 | 19,558 | 0 | 19,558 | 7,050 |
| Accumulated funds balance | 90,850 | 90,850 | 83,800 | ||
| Total Funds | 110,408 | 0 | 110,408 | 90,850 |
All disclosures relate to the continuing operations. There are no recognised gains or losses other than those disclosed above.
Page 4
CELESTIAL CHURCH OF CHRIST REDEMPTION PARISH Balance Sheet at 30th September 2024
| Notes FIXED ASSETS Tangible Fixed Assets 7 CURRENT ASSETS Debtors 8 Cash in Hand/ Bank Deposit investment CURRENT LIABILITIES 9 NET CURRENT ASSETS LONG TERM LIABILITIES Amount falling due more than a yea 10 NET ASSETS TOTAL FUNDS 6 Amount falling due within a year |
£ - 77,509 55,616 |
2024 £ - |
2023 £ - |
|---|---|---|---|
| - 58,381 55,186 |
|||
| 113,567 (22,717) |
|||
| - | 90,850 | ||
| 110,408 | 90,850 | ||
| 110,408 | 90,850 | ||
| 110,408 | 90,850 |
Approved by the Trustees and Signed on their behalf:
Signature: Name: Date:
Page 5
CELESTIAL CHURCH OF CHRIST REDEMPTION PARISH
Notes to the financial statements for the period ended 30th SEPTEMBER 2024
ACCOUNTING POLICIES
The accounts have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice - Accounting and Reporting by Charities (SORP 2005) issued in December 2005 and applicable accounting policies in the preparation of the financial statements are as follows.
1. INCOMING RESOURCES
These are recognised in full in the Statement of Financial Activities in the period in which they are received. Included are income from tithes, offerings and interest received during the year from investments and accounted for as unrestricted-funds.
| 1a. Voluntary Income: Donations Tithes & Offerings Building Funds Other Income Gift Aid |
2024 2023 £ £ 28,041 16,627 - - 4,967 3,411 |
|---|---|
| 33,008 20,038 |
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.
| Donations Harvest expenditure Pastorial Expenditure Church expenditure |
2024 2023 £ £ 50 50 - - 1,200 1,200 2,000 2,000 |
|---|---|
| 3,250 3,250 |
Page 6
3. MANAGEMENT AND ADMINISTRATION
| MENT AND ADMINISTRATION | |
|---|---|
| Professional fees Travel Rent Telephone & fax & internet Insurance Gas & Electric Bank charges Depreciation Accountancy fee |
Restricted Unrestricted Total 2024 2023 £ £ £ £ - 800 800 511 - - - - - 9,000 9,000 9,000 - - - - - - - - - - - - - - - - - - 400 400 400 |
| - 10,200 10,200 9,911 |
4. NET MOVEMENT IN FUNDS FOR THE YEAR
| The net movement in funds for the year is stated after charging Depreciation of tangible fixed assets |
2024 2023 £ £ - - |
|---|---|
5.DEPRECIATION
Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Musical Instruments Fixtures & Fitting 6. FUNDS At 1 October 2023 Surplus/(Deficit) for the year At 31 SEPTEMBER 2024 |
20% straight line 20% straight line Unrestricted Restricted Total Funds Funds Funds £ £ £ 90,850 90,850 19,558 0 19,558 |
|---|---|
| 110,408 - 110,408 |
6.1 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.
6.2 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 7
7. FIXED ASSETS
| 7. FIXED ASSETS | |
|---|---|
| Cost At 1 Oct 2023 At 30 SEPTEMBER 2024 Depreciation At 1 Oct 2023 Charge for the year At 30 SEPTEMBER 2024 Net Book Value At 30 SEPTEMBER 2024 At 30 SEPTEMBER 2023 |
Furniture, Fixtures & Fittings Musical Instruments Computer Total £ £ £ £ 1,400 2,000 350 3,750 |
| 1,400 2,000 350 3,750 |
|
| 1,400 2,000 350 3,750 - - - - |
|
| 1,400 2,000 350 3,750 |
|
| - - - - |
|
| - - - - |
| 8. DEBTORS 9.CREDITORS:AMOUNTS FALLING DUE WITHIN ONE YEAR Accountancy's Fee Rent |
- 2024 2023 £ £ 400 400 21,877 21,877 |
|---|---|
| 22,277 22,277 |
Page 8