**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 1 ## **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 2 ## **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: 1. 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 2. 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 3 ## **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. 4 ## **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 5 ## **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**| 6 ## **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| 7