CELESTIAL CHURCH OF CHRIST VOICE OF JESUS CHRIST PARISH FINANCIAL STATEMENT FOR THE YEAR ENDED 30TH JUNE 2021
EMMANUEL STEPHENS & CO. CHARTERED ACCOUNTANTS, BUSINESS ADVISERS & CONSULTANTS 62 BEECHWOOD ROAD, LONDON E8 3DY
CELESTIAL CHURCH OF CHRIST VOICE OF JESUS CHRIST PARISH FINANCIAL STATEMENT FOR THE YEAR ENDED 30TH JUNE 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 VOICE OF JESUS CHRIST PARISH FINANCIAL STATEMENT FOR THE YEAR ENDED 30TH JUNE 2021
CHARITY REGISTRATION NUMBER IN ENGLAND AND WALES
1140884
CELESTIAL CHURCH OF CHRIST VOICE OF JESUS CHRIST PARISH FINANCIAL STATEMENT FOR THE YEAR ENDED 30TH JUNE 2021
Charity Information
THE MANAGEMENT COMMITTEE:
Chairperson
Mr Ayodeji Taiwo
General Secretary
Janet Abosede Soile
Charity Number 1140884
BUSINESS OFFICE
UNIT 2 SANDGATE TRADING ESTATE 10 -18 SANDGATE STREET LONDON SE15 1LE
BANKERS
Natwest Ground Floor, Gredley House 1-11 Broadway, Stratford London E15 4DX
ACCOUNTANTS
EMMANUEL STEPHENS & CO. 62 BEECHWOOD ROAD LONDON E8 3DY
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CELESTIAL CHURCH OF CHRIST VOICE OF JESUS CHRIST PARISH
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30[TH ] JUNE 2021
The Trustees present their report and the financial statements for the year ended 30[th ] June 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:
Ayodele Taiwo Mrs Adebowale Abosede Janet Soile Mrs Sidikatu Abeni Giwa Dr David Soile
Prospects
The Parish is settled in the new premises at Elephant & Castle and infrastruture is being put in place to further the objective of spreading the gospel of our Lord Jesus Christ. The Parish is impacting the community through the provision of youth training, counselling, care and advice for the homeless and the elderly.
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:
S. A. Giwa Janet Soile TRUSTEE TRUSTEE
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CELESTIAL CHURCH OF CHRIST
VOICE OF JESUS CHRIST PARISH
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CELESTIAL CHURCH OF CHRIST VOICE OF JESUS CHRIST PARISH
I report on the accounts of the Trust for the period ended 30th June 2021, Which are set out on paged 3 to 7.
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
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CELESTIAL CHURCH OF CHRIST VOICE OF JESUS CHRIST PARISH
Statement of Financial Activities for the year ended 30[th] June 2021
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Notes | Unrestricted | Restricted | Total | ||
| £ | £ | £ | £ | ||
| Incoming Resources | |||||
| Tithes, Offerings & | 1 | ||||
| Similar Incoming Resources | 43,893 | - | 43,893 | 55,324 | |
| Gift Aid | 10,817 | - | 10,817 | 12,538 | |
| Total Incoming Resources | 54,710 | 0 | 54,710 | 67,862 |
| Charitable Resources Expended | ||||||||
|---|---|---|---|---|---|---|---|---|
| Direct Charitable expenses | 2 | 20,470 | - | 20,470 | 15,109 | |||
| Management & Administra | 4 | 53,757 | - | 53,757 | 58,395 | |||
| Total Resources expended | 74,227 | - | 74,227 | 73,504 | ||||
| Net Incoming Resources for the year | - | 19,517 |
- | -19,517 | - | 5,642 |
||
| Funds Brought Forward | 121 | - | 121 | 5,763 | ||||
| Fund Balances carried forward | - | 19,396 |
- | - | 19,396 |
121 |
All disclosures relate to the continuing operations. There are no recognised gains or losses other than those disclosed above.
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CELESTIAL CHURCH OF CHRIST VOICE OF JESUS CHRIST PARISH
Balance sheet as at 30[th] June 2020
| Balance sheet as at 30th June 2020 | |||
|---|---|---|---|
| Notes FIXED ASSETS Tangible Fixed Assets CURRENT ASSETS Stock of Church Materials 3 Prepayments Cash in Hand/ Bank CURRENT LIABILITIES Amount falling due within a 5 NET CURRENT ASSETS NET ASSETS ACCUMULATED FUNDS Unrestricted 6 |
2021 £ 344 - 27,536 |
2020 £ £ 3,424 3,424 344 - 45,340 45,684 50,500 (22,820) (19,396) (19,396) (19,396) |
£ 4,937 |
| 4,937 (4,816) |
|||
| 27,880 50,700 |
|||
| 121 | |||
| 121 | |||
| 121 |
For the year ending 30[th] June 2020,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:
S A Giwa
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CELESTIAL CHURCH OF CHRIST VOICE OF JESUS CHRIST PARISH
Notes to the financial statements for the year ended 30[th] June 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 | 344 | 304 |
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.
| Wages Honorarium Donations Publicity Printing Postage & Stationery Pastoral Returns |
2021 2020 £ £ - - 11,920 3,700 7,480 4,375 - 1,984 470 2,300 600 2,750 |
|---|---|
| 20,470 15,109 |
3. MANAGEMENT AND ADMINISTRATION
| Restricted | Unrestricted | Total | ||||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| £ | £ | £ | £ | |||
| Professional fees | 0 | 0 | 0 | 3,773 | ||
| Travel | 0 | 2,460 | 2,460 | 1,241 | ||
| Rent | 0 | 21,469 | 21,469 | 28,625 | ||
| Repairs & Maintenance | 0 | 5,890 | 5,890 | 3,655 | ||
| Telephone & fax & internet | 0 | 628 | 628 | 740 | ||
| Insurance | 0 | 2,144 | 2,144 | 1,234 | ||
| Church materials | 16,002 | 16,002 | 9,391 |
| Gas & Electric Entertainment Bank charges Depreciation Spiritual Items General Expenses Accountancy fee Radio Evangelism |
0 796 796 1,478 0 576 576 914 0 - 0 - 0 1,646 1,646 1,646 0 - 0 1,510 0 600 600 1,745 0 700 700 500 846 846 1,943 |
|---|---|
| - 53,757 53,757 58,395 |
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4.DEPRECIATION
This has been provided at the following rates in order to write off the assets over their estimated useful lives
| Furniture, Fixtures & Fittings Musical Instrument Computer 5. LIABILITIES Accountancy fees. Professional fees BB Loan |
25% 25% 25% 2021 2020 £ £ 700 500 - - 50,000 50,000 |
|---|---|
| 50,700 50,500 |
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 1stJuly 2020 Additions in the year At 30thJune 2021 Depreciation At 1stJuly 2020 Charged in the year At 30thJune 2021 Net Book Values At 30th June 2021 At 30th June 2020 |
Computer Musical Instruments Furniture, Fixtures & Fittings Total £ £ 1,801 665 4,250 6,716 - - - - |
|---|---|
| 1,801 665 4,250 6,716 |
|
| 450 133 1063 1,196 450 133 1,063 1,646 |
|
| 900 266 2,126 2,842 |
|
| 901 399 2,125 3,424 |
|
| 1,351 532 3,187 5,070 |
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