CELESTIAL CHURCH OF CHRIST NEW JERUSALEM MINISTRIES FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st March 2022
EMMANUEL STEPHENS & CO. CHARTERED ACCOUNTANTS, BUSINESS ADVISERS & CONSULTANTS 62 BEECHWOOD ROAD, LONDON E8 3DY
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CELESTIAL CHURCH OF CHRIST NEW JERUSALEM MINISTRIES
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 |
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CELESTIAL CHURCH OF CHRIST NEW JERUSALEM MINISTRIES Charity Information
Trustees
Sikiru Adetona Adedoja Olatomo Adetutu Morayo Salvador Bamidele Oyebanjo
Principal Location
Shalom House 118-120 Ormside Street London SE18 1TR
Bankers
HSBC 28 Borough High Street Southwark London SE1 1YB
Accountants
Emmanuel Stephens & Co 62 Beechwood Road London E8 3DY
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CELESTIAL CHURCH OF CHRIST NEW JERUSALEM MINISTRIES TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31st March 2022
The trustees have the pleasure of submitting their report and the financial statements for the year ended 31st March 2022
Review of Financial Position
Please refer to the annexed accounts for the details of the financial statements for the year ended 31[st] March 2022
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:
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CELESTIAL CHURCH OF CHRIST NEW JERUSALEM MINISTRIES
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CELESTIAL CHURCH OF CHRIST NEW JERUSALEM MINISTRIES
I report on the accounts of the Trust for the period ended 31st March 2022, 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
62 Beechwood Road London E8 3DY
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CELESTIAL CHURCH OF CHRIST NEW JERUSALEM MINISTRIES Statement of Financial Activities for the year ended 31st March 2022
| Notes Incoming Resources Incoming resources from generated funds: Voluntary income:donations 1a Activities in furtherance of the charity 1b objects Gift Aid Received Total Incoming Resources Resources Expended Charitable activities: Direct Charitable Expenditure 2 Governance costs: Management & Administration 3 Total Resources expended Net Incoming/(Outgoing) Resources for the year Net Movement in Funds 4 Accumulated Fund at 1st April |
2022 2021 Unrestricted Restricted Total Total £ £ £ £ 76,524 - 76,524 37,380 - - - - 16,050 16,050 16,050 |
|---|---|
| 92,574 - 92,574 53,429 |
|
| 23,878 23,878 34,757 27,641 - 27,641 35,493 |
|
| 51,519 0 51,519 70,249 |
|
| 41,055 0 41,055 (16,820) |
|
| 41,055 0 41,055 (16,820) 373,481 2,648 376,129 392,949 |
|
| 414,536 2,648 417,184 376,129 |
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 NEW JERUSALEM MINISTRIES Balance sheet as at 31st March 2022
| Balance sheet as at 31st March 2022 | ||
|---|---|---|
| Notes FIXED ASSETS Tangible Fixed Assets 7 CURRENT ASSETS Debtors Bank Cash in Hand CURRENT LIABILITIES 8 NET CURRENT ASSETS LONG TERM LIABILITIES Amount falling due more than a year NET ASSETS TOTAL FUNDS 6 Amount falling due within a year |
2022 £ 387,979 387,979 2,360 39,647 - 42,007 (12,802) 29,205 417,184 0 417,184 417,184 |
2021 £ 387,594 |
| 387,594 2,360 14,305 - |
||
| 16,665 (15,530) |
||
| 1,135 | ||
| 388,729 (12,600) |
||
| 376,129 | ||
| 376,129 |
Approved by the Trustees and Signed on their behalf:
Signature:
Name:
Date:
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CELESTIAL CHURCH OF CHRIST NEW JERUSALEM MINISTRIES
Notes to the financial statements for the year ended 31st March 2022
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
| ions Tithes & Offerings Building Funds Other Charitable Income(Gift Aid) |
2022 £ 76,524 - 9,098 85,623 |
2021 £ 37,380 - 16,050 |
| 53,429 |
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 Spiritual Materials Transportation Church expenditure Pastoral Allowance |
2022 £ 1,450 3,830 4,565 14,033 - 23,878 |
2021 £ 3,020 2,087 3,524 6,067 4,500 |
|---|---|---|
| 19,198 |
3. MANAGEMENT AND ADMINISTRATION
| Honorarium Rent & Rates Refusal Disposal Telephone & fax & internet Printing, postage & stationery Accountancy Insurance Harvest/Paliatives Light & Heat Repairs & renewals Legal & professional fees Planning Permission General expenses Depreciation |
2022 £ 450 - - - - 750 744 1,619 5,215 4,358 3,188 - 7,059 4,257 27,641 |
2021 £ 2,200 - - 605 1,450 750 1,085 4,061 11,509 1,027 2,645 - 6,865 3,296 |
|---|---|---|
| 35,493 |
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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 |
2022 £ 4,257 |
2021 £ 4,365 |
|---|---|---|
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 April 2021 Surplus/(Deficit) for the year At 31st March 2022 |
20% straight line 20% straight line Unrestricted Restricted Total Funds Funds Funds £ £ £ 373,481 2,648 376,129 41,055 0 41,055 |
|---|---|
| 414,536 2,648 417,184 |
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.
7. FIXED ASSETS
| Cost/Valuation At 1stApril 2021 Additions At 31st March 2022 Depreciation At 1stApril 2021 Charge for the year At 31st March 2022 Net Book Value At 31st March 2022 At 31stMarch 2021 |
Land & Building Furniture, Fixtures & Fittings Computer Equipment Musical Instrume nts Totals £ £ £ £ £ 385,000 10,872 1850 5,582 403,304 - 4,750 4,750 |
|---|---|
| 385,000 10,872 1,850 10,332 408,054 |
|
| - 8,295 1833 5,582 15,710 - 2,174 17 2,174 4,365 |
|
| 10,469 1,850 7,756 20,075 |
|
| 385,000 403 - 2,576 387,979 |
|
| 385,000 2,577 17 - 387,594 |
8.CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
| Accountancy Fee Loan Sundry Creditor |
2022 £ 750 12,052 - 12,802 |
2021 £ 750 12,600 2,180 |
|---|---|---|
| 15,530 |
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