# Celestial Church of Christ, Christ Ambassador Parish – Land of Spiritual Freedom 

FINANCIAL STATEMENTS & REPORTS FOR THE YEAR ENDED 31st December 2025 

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## Contents 

Legal and Administrative Information...................................................................................................3 Trustees’ Annual Report........................................................................................................................4 Structure, governance and management..........................................................................................4 Public Benefit and General Outlook..................................................................................................4 Financial Outlook:..............................................................................................................................4 Youth and Young Adult Activities…………………………………………………………………………………………….4 Women Empowerment Initiatives…………………………………………………………………………………………..4 Charitable Activities and Community Outreach……………………………………………………………………….5 Volunteers and Workforce………………………………………………………………………………………………………5 RistManagement…………………………………………………………………………………………………………………….5 Plans for Future Periods………………………………………………………………………………………………………….5 Gratitude...........................................................................................................................................5 Accountant and Independent Examiners Report...................................................................................6 Respective Responsibilities of Trustees and Examiner......................................................................6 Basis of Independent Examiner’s Report..................................................................................……….6 Independent Examiner’s Statement..................................................................................................6 Statement of Financial Activities for the Year Ended 31[st] December 2025............................................7 BALANCE SHEET.....................................................................................................................................8 Accounting Policies............................................................................................................................9 

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## **Legal and Administrative Information** 

Charity No: 1156881 

## MANAGEMENT COMMITTEE/TRUSTEES 

Chairperson: Pastor George Olamide Akinsulire 

General Secretary: Mr Isaac Olugbade Sodipo 

Church Address: Unit 13 Industrial Estate, Bolina road SE16 3LF, London. 

Bankers: Barclay Bank Plc 

Accountants: Eclat Accountancy Ltd 71 Dartmouth Road London SE23 3HT 

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## **Trustees’ Annual Report** 

## Structure, Governance and Management 

This report is prepared in accordance with the Charities Act 2011 and the SORP for charities in England and Wales. The church is overseen by a Board of Trustees, which provides overall direction, financial oversight, and compliance. Daily operations are managed by the Shepherdin-Charge and the management team, with clear accountability and reporting structures. 

## Public Benefit and General Outlook 

The Trustees confirm that they have had due regard for the Charity Commission’s guidance on public benefit. During the year under review, the church continued to advance the Christian faith through worship, prayer, teaching, evangelism, youth development, women’s empowerment, and charitable outreach. Attendance, community engagement, and participation in church programmes increased steadily throughout the year. 

## Financial Review 

Total  income  for  the  year  was  £43,679.77 comprising  tithes,  offerings,  donations,  and fundraising. The church's financial position remained stable throughout the reporting period. Income was derived from approved sources, and expenditure was directed towards ministry activities,  administration,  welfare  support,  and  asset  maintenance.  Financial  records  were properly maintained, and resources were applied prudently in line with approved budgets. The Trustees  are  satisfied  that  financial  management  during  the  period  was  responsible  and forward-looking. 

## Youth and Young Adults Activities 

The church invested significantly in youth and young adult development through mentorship programmes, leadership training, Bible study sessions, and community engagement initiatives. - Activities included youth conferences, skill building workshops, career guidance sessions, and faith-based counselling, all designed to empower young people spiritually and socially. 

## Women Empowerment Initiatives 

The church actively supported women at all stages of life, including single, married, and widowed women. Programmes included prayer forums, marriage-enrichment sessions, financial literacy  workshops,  skills-acquisition  training,  and  welfare  support  for  widows  and  other vulnerable women in the community. 

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## Charitable Activities and Community Outreach 

Charitable activities during the year included welfare assistance, food distribution, pastoral support,  and  community  outreach  programmes  for  vulnerable  individuals  and  families. These  initiatives  directly  supported  the  church’s  charitable  objectives  and  demonstrated practical Christian compassion. 

## Volunteers and Workforce 

The Trustees acknowledge the dedication of volunteers who contributed their time and skills across worship, administration, evangelism, youth work, and welfare services. Volunteers remain central to the effective delivery of the church’s mission. 

## Risk Management 

The Trustees regularly assess risks relating to finance, safeguarding, health and safety, and operational continuity. Appropriate controls, insurance cover, and policies are in place to mitigate identified risks. 

## Plans for Future Periods 

The church plans to expand youth empowerment programmes, strengthen women’s support initiatives,  enhance  evangelism  activities,  and  improve  infrastructure  to  better  serve  the community. 

## Gratitude 

The Trustees give thanks to God for His faithfulness and express sincere appreciation to the Shepherd-in-Charge, the leadership team, volunteers, members, donors, and partners for their continued support. 

Signed on behalf of the Trustees: 

Pastor George Olamide Akinsulre Chair of Trustees Date: 22/07/2026 

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## **Accountant and Independent Examiners Report** 

## Respective Responsibilities of Trustees and Examiner 

The charity’s trustees are responsible for the preparation of the accounts, and they have considered that the audit requirement of section 145(1) of the Charities Act 2011 does not apply, nevertheless required in this examiner's report.  As an independent examiner, it is our responsibility to state, on the basis of procedures specified in the General Directions given by the charity commissioners under section 145(5)(b) of the Charities Act 2011, whether particular matters have come to our attention. 

## Basis of Independent Examiner’s Report 

Our examination was carried out in accordance with the General Directions given by the Charity Commissioners.  An independent 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. 

## Independent Examiner’s Statement 

In connection with our examination, no matter has come to our attention- 

1. Which  gives  us  reasonable  cause  to  believe  that  in  any  material  respect  the requirements 

   - a. To keep accounting records in accordance with section 130 (1)(2) of the 2011 ACT and 

   - b. To prepare accounts which record with the accounting records and to comply with the accounting requirements of the 2011 Act, to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. 

21[st] July 2026 

________________________________ ________________________ Luanne Olawumi Date Eclat Accountancy Ltd 71 Dartmouth Road, London SE23 3HT 

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## **Statement of Financial Activities for the Year Ended 31st December 2025** 

|**INCOMING RESOURCES**<br>**Notes**<br>Tithes, Oferings & Similar<br>Incomes<br>2<br>Gif AID Received<br>**TOTAL INCOMING RESOURCES**<br>RESOURCE EXPENDED<br>Direct Charitable Expenses<br>3<br>Management & Administraton<br>4<br>**TOTAL RESOURCE EXPENDED**<br>NET INCOMING RESOURCES<br>Funds Brought Forward<br>Funds Carried Forward|**31/12/2025**<br>**£**<br>**Total**|
|---|---|
||35,268.32<br>8,411.45|
||**43,679.77**|
||10,608.00<br>49,463.24|
||**60,071.24**|
||(16,391.47)<br>0|
||**(16,391.47)**|



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## **BALANCE SHEET** 

## **Notes** 

## **CURRENT ASSETS** 

Cash at bank and in hand 

## **CURRENT LIABILITIES** 

Historical Adjustment Accruals 

## **NET CURRENT ASSESTS TOTAL ASSETS LESS CURRENT LIABILITIES** 

## **LONG TERM LIABILITIES** 

Amount Falling Due Over a Year 

## **NET ASSETS** 

## **ACCUMULATED FUNDS** 

Funds Unrestricted 

6, 7 

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## Accounting Policies 

## **1. BASIS OF PREPARATION** 

The accounts have been prepared using the historic cost convention, complied with the Charities Act 2011 and the Statement of Recommended Practice 2005 (Accounting and Reporting by Charities), and in accordance with the principles and requirements of the Financial Reporting Standard for Smaller Entities (2015). 

## **2. GRANTS, DONATIONS etc** 

These are recognised in full in the Statement of Financial Activities in the period in which they are received. 

## **3. DIRECT CHARITABLE EXPENDITURE** 

This comprises all expenditure directly related to the objects of the charity.  It also includes the expenditure in support of that activity, where material. 

|**DIRECT CHARITABLE EXPENDITURE**|**£**|
|---|---|
|Shepherds & Church Workers Allowance|8,700.00|
|Spiritual Items|1,908.00|
|**Total Cost of Sales**|**10,608.00**|



## **4. MANAGEMENT AND ADMINISTRATION** 

This comprises all expenditure directly related to the objects of the charity.  It also includes the expenditure in support of that activity, where material 

|Audit & Accountancyfees|3,189.20|
|---|---|
|General Expenses|3,339.00|
|Light,Power,Heatng|850.23|
|Rates|2,369.21|
|Rent|39,435.60|
|**Total Management and Administraton**||
|**Expenses**|**60,071.24**|



## **5. LIABILITIES** 

|CURRENT LIABILITIES (Less than a year)||
|---|---|
|Historical Adjustment|55,881.84|
|Accruals|1,440.00|
||**57,321.84**|



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## **6. UNRESTRICTED FUNDS** 

These are normally Grants and Donations received or receivable to carry out the objects of the charity without restrictions as to purpose and are available as general funds. 

## **7. ACCUMULATED FUNDS** 

|Current Year Earnings|(16,391.47)|
|---|---|
|Retained Earnings|345.89|
||**(16,045.58)**|



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## DETAILED STATEMENT OF FINANCIAL ACTIVITIES 

## FOR THE YEAR ENDED 31 December 2025 

|**Account**|**31-Dec-2025**|
|---|---|
|**Turnover**||
|Gif AID Received|8,411.45|
|Tithes,Oferings & Similar Incomes|35,268.32|
|**Total Turnover**|**43,679.77**|
|**Gross Proft**|**43,679.77**|
|**Administratve Costs**||
|Audit & Accountancyfees|3,189.20|
|General Expenses|3,339.00|
|Light,Power,Heatng|850.23|
|Rates|2,369.21|
|Rent|39,435.60|
|Shepherds & Church Workers Allowance|8,700.00|
|Spiritual Items|1,908.00|
|Subcontractors|280.00|
|**Total Administratve Costs**|**60,071.24**|
|**Operatng Proft**|**(16,391.47)**|
|||
|**Proft on Ordinary Actvites Before**<br>**Taxaton**|**(16,391.47)**|
|**Proft afer Taxaton**|**(16,391.47)**|



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