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2024-06-30-accounts

CELESTIAL CHURCH OF CHRIST VOICE OF JESUS CHRIST PARISH FINANCIAL STATEMENT FOR THE YEAR ENDED 30TH JUNE 2024

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 2024 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 2024

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 2024 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 2024

The Trustees present their report and the financial statements for the year ended 30[th ] June

Activities in the year

We continue to promote the gospel of God and to spread the good news to all. The aparatu this purpose includes regular fellowship, ministering the word, training of disciples, organisin and retreats.

Trustees

The church is managed by a Board of Trustees appointed annually at the Annual General M day to day operations of the charity is run by the Chief Executive who is supported by one A 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 pu to further the objective of spreading the gospel of our Lord Jesus Christ. The Parish is impa community through the provision of youth training, counselling, care and advice for the hom elderly.

Finances

The attached financial statement show the current state of affairs which the Trustees consi melting point for future progress.

This report was approved by the Board on and signed on its behalf by:

S. A. Giwa TRUSTEE

Janet Soile TRUSTEE

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

2

I report on the accounts of the Trust for the period ended 30th June 2024 which are set out 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;

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 woul 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:

  2. to keep accounting records in accordance with section 130 of the 2011 Act, and

  3. 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

  1. 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 2024

2024
Notes Unrestricted
Restricted
Total
£
£
Incoming Resources
Tithes, Offerings &
1
Similar Incoming Resources
99,877
-
99,877
Gift Aid
22,359
-
22,359
Total Incoming Resources
122,236
0
122,236
Charitable Resources Expended
Direct Charitable ex
2
81,825
-
Management & Adm
4
51,870
-
Total Resources expended
133,695
-
Net Incoming Resources for
11,459
-
-
Funds Brought Forward
17,795
-
-
Fund Balances carried forwa
29,254
-
-		 2023
Total
£
98,553
16,207
114,760
63,123
57,713
120,836
-6,076
-19,376
25,452
-

All disclosures relate to the continuing operations. There are no recognised gains or losses other tha

those disclosed above.

4 CELESTIAL CHURCH OF CHRIST VOICE OF JESUS CHRIST PARISH

Balance sheet as at 30[th] June 2023

Balance sheet as at 30th June 2023 ne 2023
Notes
£
FIXED ASSETS
Tangible Fixed Assets
CURRENT ASSETS
Stock of Church Ma
3
344
Prepayments
-
Cash in Hand/ Bank
7,691
-
CURRENT LIABILITIES
Amount falling due
5		 £
344
-
7,691
-		 2024
£
7,347
-		 2023
£
£
422
1,887
422
1,887
344
-
11,702
-
12046
31728
7,347
-
22,330
NET CURRENT ASSETS
NET ASSETS
ACCUMULATED FUNDS
Unrestricted
6		 29,677
-
(19,682)
29,255
-
(17,795)
(29,255)
(17,795)
(29,255)
(17,795)

For the year ending 30[th] June 2023,the company was entitled to exemption from audit unde section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit in accordance with section Copanies Act 2006.

The director acknowledge their responsibility for complying with the requirements of the Act 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 2024

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 2024 2023
£ £
Church Materials 344 344

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.

Renewal Manaement
Honorarium
Donations
Publicity
Printing Postage & Stationery
Pastoral Returns
Harvest		 2024
2023
£
£
26,627
23,249
26,127
6,706
-
-
120
510
28,951
32,658
81,825
63,123

3. MANAGEMENT AND ADMINISTRATION

Professional fees
Travel
Rent
Shepherd
Stipheny
Telephone & fax & internet
Insurance
Church materials & Expenses
Gas & Electric
Entertainment
Bank charges
Depreciation
Spiritual Items
General Expenses
Accountancy fee
LOAN INTEREST		 Restricted
Unrestricted
Total
2024
2023
£
£
£
£
0
0
0
0
1,635
1,635
11,800
0
4,798
4,798
9,830
0
-
0
11,162
0
1,211
1,211
1,600
0
793
793
817
36,323
36,323
18,138
0
0
0
0
0
0
0
-
0
-
0
1,471
1,471
1,921
0
1,290
1,290
100
0
-
0
-
0
3,100
3,100
2,345
1,250
1,250
-
51,870
51,870
57,713

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%
2024
2023
£
£
-
-
-
-
22,330
31,728
22,330
31,728

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 2023
Additions in the year
At 30thJune 2024
Depreciation
At 1stJuly 2023
Charged in the year
At 30thJune 2024
Net Book Values
At 30th June 2024
At 30th June 2023		 Computer
Musical
Instruments
Furniture,
Fixtures &
Fittings
Total
£
£
1,801
1,437
4,450
7,688
-
-
-
1,801
1,437
4,450
7,688
1,800
757
3239
5,796
-
358
1,113
1,471
1,800
1,115
4,352
7,267
1
322
99
422
1
680
1,211
1,892

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