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2021-12-31-accounts

CELESTIAL CHURCH OF CHRIST, CHRIST AMBASSADOR PARISH FINANCIAL STATEMENT FOR THE YEAR ENDED 31ST DECEMBER 2021

EMMANUEL STEPHENS & CO. CHARTERED ACCOUNTANTS, BUSINESS ADVISERS & CONSULTANTS 62 BEECHWOOD ROAD, LONDON E8 3DY

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CELESTIAL CHURCH OF CHRIST, CHRIST AMBASSADOR PARISH FINANCIAL STATEMENT FOR THE YEAR ENDED 31ST DECEMBER 2021

Reports and Accounts

CONTENTS
Charity Information 4
Trustees Report 5
Accountant's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Notes to Accounts 9 &10

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CELESTIAL CHURCH OF CHRIST, CHRIST AMBASSADOR PARISH

FINANCIAL STATEMENT FOR THE YEAR ENDED 31ST DECEMBER 2021

CHARITY REGISTRATION NUMBER IN ENGLAND AND WALES

1156881

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CELESTIAL CHURCH OF CHRIST, CHRIST AMBASSADOR PARISH FINANCIAL STATEMENT FOR THE YEAR ENDED 31ST DECEMBER 2021

Charity Information

THE MANAGEMENT COMMITTEE:

Chairperson

Rev. George Olamide Akinsulire

General Secretary

Tokunbo Samuel Akintoye

Charity Number 1156881

BUSINESS OFFICE

UNIT 13 ENTERPRISE INDUSTIAL ESTATE, BOLINA ROAD LONDON SE16 3LF

BANKERS

Barclays Bank Leicester LE87 2BB

ACCOUNTANTS

EMMANUEL STEPHENS & CO. 62 BEECHWOOD ROAD LONDON E8 3DY

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CELESTIAL CHURCH OF CHRIST, CHRIST AMBASSADOR PARISH

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2021

The Trustees present their report and the financial statements for the year ended 31st January 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: Rev. George Olamide Akinsulire Tokunboh Samuel Akintoye Miss Olufunke Obajuluwa

Prospects

The Church operates from Unit 13 Enterprise Industrial Estate SE16 and infrastruture has been put in place to further the objective of spreading the gospel of our Lord Jesus Christ. The Church 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:

Rev. George Olamide Akinsulire TRUSTEE

Miss Olufunke Obajuluwa TRUSTEE

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CELESTIAL CHURCH OF CHRIST, CHRIST AMBASSADOR PARISH

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE CELESTIAL CHURCH OF CHRIST, CHRIST AMBASSADOR PARISH

I report on the accounts of the Trust for the period ended 31st December 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 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:

  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

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CELESTIAL CHURCH OF CHRIST, CHRIST AMBASSADOR PARISH

Statement of Financial Activities for the year ended 31st December 2021

Notes
Incoming Resources
Tithes, Offerings &
1
Similar Incoming Resources
Gift aid
Total Incoming Resources
Charitable Resources Expended
Direct Charitable expenses
2
Management & Administration
3
Total Resources expended
Net Incoming Resources for the year
Funds Brought Forward
Fund Balances carried forward		 2021
2020
Total
Total
£
£
71,171
51,015
10,101
26117
81,272
77,132
13,783
2,800
57,825
34,345
71,607
37,145
9,665
39,987
91,723
51,736
101,388
91,723

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, CHRIST AMBASSADOR PARISH

Notes
FIXED ASSETS
Tangible Fixed Assets
CURRENT ASSETS
Cash in Hand/ Bank
CURRENT LIABILITIES
5
NET CURRENT ASSETS
NET ASSETS
ACCUMULATED FUNDS
Unrestricted
6
Amount falling due within a year
Balance sheet a		 £
£
£
£
-
-
101,888
92,123
101,888
92,123
(500)
(400)
101,388
91,723
101,388
91,723
101,388
91,723
101,388
91,723
2021
2020
s at 31st December 2021		 £
£
£
£
-
-
101,888
92,123
101,888
92,123
(500)
(400)
101,388
91,723
101,388
91,723
101,388
91,723
101,388
91,723
2021
2020
s at 31st December 2021
91,723
91,723
91,723

Approved by the Trustees and Signed on their behalf:

Rev George Olamide Akinsulire

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CELESTIAL CHURCH OF CHRIST, CHRIST AMBASSADOR PARISH

Notes to the financial statements for the year ended 31st December 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.

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.

Harvest Expenses
Pastoral Returns/Honorarium
Donations
DMINISTRATION
Professional fees
Travel
Rent
Repairs & Maintenance
Rates
Gas & Electric
ommunication & Media
Sundry Expenses
Church Materials
Printing ,Postage and Stationery
Accountancy fee		 Harvest Expenses
Pastoral Returns/Honorarium
Donations
DMINISTRATION
Professional fees
Travel
Rent
Repairs & Maintenance
Rates
Gas & Electric
ommunication & Media
Sundry Expenses
Church Materials
Printing ,Postage and Stationery
Accountancy fee		 2021
2020
£
£
-
1,500
10,226
200
3,557
3,200
13,783
4,900
2021
2020
£
£
1,515
939
0
0
35,163
22,597
10,300
0
3,124
1,393
226
1,481
-
0
1,500
154
5,497
7,080
-
0
500
400
57,825
34,044

3. MANAGEMENT AND ADMINISTRATION

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
The charity has no fixed asset.
5. LIABILITIES
Accountancy fees.		 20%
20%
2021
2020
£
£
500
400
500
400

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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.

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