## **CELESTIAL CHURCH OF CHRIST, CHRIST AMBASSADOR PARISH FINANCIAL STATEMENT FOR THE YEAR ENDED 31ST DECEMBER 2023**
**EMMANUEL STEPHENS & CO. CHARTERED ACCOUNTANTS, BUSINESS ADVISERS & CONSULTANTS 62 BEECHWOOD ROAD, LONDON E8 3DY**
1
## **CELESTIAL CHURCH OF CHRIST, CHRIST AMBASSADOR PARISH FINANCIAL STATEMENT FOR THE YEAR ENDED 31ST DECEMBER 2023**
## **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|
2
## **CELESTIAL CHURCH OF CHRIST, CHRIST AMBASSADOR PARISH**
## **FINANCIAL STATEMENT FOR THE YEAR ENDED 31ST DECEMBER 2023**
## **CHARITY REGISTRATION NUMBER IN ENGLAND AND WALES**
1156881
3
## **CELESTIAL CHURCH OF CHRIST, CHRIST AMBASSADOR PARISH FINANCIAL STATEMENT FOR THE YEAR ENDED 31ST DECEMBER 2023**
## **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
4
## **CELESTIAL CHURCH OF CHRIST, CHRIST AMBASSADOR PARISH**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2023**
The Trustees present their report and the financial statements for the year ended 31st December 2023
## 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
5
## **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 2023, 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
6
## **CELESTIAL CHURCH OF CHRIST, CHRIST AMBASSADOR PARISH**
**Statement of Financial Activities for the year ended 31st December 2023**
|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|**2023**
**2022**
Total
Total
£
£
38,769
58,283
14,754
16133|
|---|---|
||**53,523**
**74,416**
180
3,250
64,917
60,814|
||**65,097**
**64,064**|
||(11,574)
10,352
111,740
101,388|
||**100,166**
**111,740**|
All disclosures relate to the continuing operations. There are no recognised gains or losses other than those disclosed above.
7
## **CELESTIAL CHURCH OF CHRIST, CHRIST AMBASSADOR PARISH**
|Notes
**FIXED ASSETS**
Tangible Fixed Assets
**CURRENT ASSETS**
Debtors
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**|£
£
£
£
-
-
22,500
22,500
78,166
89,740
100,666
112,240
(500)
(500)
100,166
111,740
**100,166**
**111,740**
100,166
111,740
**100,166**
**111,740**
2023
2022
**s at 31st December 2023**|£
£
£
£
-
-
22,500
22,500
78,166
89,740
100,666
112,240
(500)
(500)
100,166
111,740
**100,166**
**111,740**
100,166
111,740
**100,166**
**111,740**
2023
2022
**s at 31st December 2023**|
|---|---|---|
||||
||||
|||**111,740**|
|||111,740|
|||**111,740**|
Approved by the Trustees and Signed on their behalf:
Rev George Olamide Akinsulire
8
## **CELESTIAL CHURCH OF CHRIST, CHRIST AMBASSADOR PARISH**
## **Notes to the financial statements for the year ended 31st December 2023**
## **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|**2023**
**2022**
£
£
-
-
-
1,200
180
2,050|
|---|---|
||**180**
**3,250**|
## **3. MANAGEMENT AND ADMINISTRATION**
||**2023**|**2022**|
|---|---|---|
||£|£|
|Professional fees|2,313|2,520|
|Travel|0|0|
|Rent|34,517|31,273|
|Repairs & Maintenance|-|20,795|
|Rates|1,585|2,614|
|Gas & Electric|2,734|3,112|
|Communication & Media|5,808|0|
|Sundry Expenses|-|0|
|Church Materials|17,460|0|
|Printing ,Postage and Stationery|-|0|
|Accountancy fee|500|500|
||**64,917**|**60,814**|
## **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%
2023
2022
£
£
500
500|
|---|---|
||**500**
**500**|
9
## **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.
10