CELESTIAL CHURCH OF CHRIST CITADEL OF CELESTIANS SALFORD PARISH
YEAR ENDED: 31 DECEMBER 2023
CHARITY NO. 1157409
Contents
| Legal and Adminstrative Information | 1 |
|---|---|
| Report of the Trustees | 2-5 |
| Independent Examiner's Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes forming part of the financial statements | 9-12 |
| The following page does not form part of the Statutory Accounts | |
| Income and Expenditure Account | 13 |
Celestial Church of Christ, Citadel of Celestians Parish
Reference and Administrative information
| Charity Name: | Celestial Church of Christ, | Citadel of Celestians Parish |
|---|---|---|
| Charity Registered Number: | 1157409 | |
| Principal Address | 70 Memorial Road | |
| Walken | ||
| Salford | ||
| M28 3AG | ||
| Trustees | Ev Michael Ekundayo | (Chairman) |
| Ms Olufunke Joseph | ||
| Ms Elizabeth Ekunyemi | ||
| Accountants: | PVG Accounting Services | & Consultancy Ltd |
| 344 Moston Lane | ||
| Manchester | ||
| M40 9JS | ||
| Bankers | Royal Bank of Scotland |
Page 1
Celestial Church of Christ, Citadel of Celestians Parish Report of the Trustees for the year ended 31 December 2023
The trustees present their report and the financial statements for the year ended 31 December 2023. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' effective 1 January 2015.
Structure, Governance and Management
Governing Document
The organisation was registered as a Charitable Incorporated Organisation (CIO) on the 14th June 2014.
Recruitment and appointment of new trustees
Generally trustees are appointed by Board of Trustees. Trustees are appointed by invitation as at when required and depending on their expertise and requirements of the charity. There are no new trustees appointed during the period.
Induction and training of new trustees
The charity arranges appropriate training both internally and through other voluntary training providers. The trustees and all involved in running the charity, including volunteers are always encouraged to acquire the necessary skills required for the achievement of the charity objectives.
Additionally, new trustees are invited and encouraged to attend series of short training sessions to familiarise themselves with the charity and the context within which it operates.
Organisational structure
The trustees who served during the period and up to the date of the report are set out above. The day to day responsibility for the running of the charity lies with the Parish Shepherd. The Shepherd is accountable to the Board of Trustees who are ultimately responsible for all strategic decisions of the charity.
The trustees meet regularly and are responsible for the strategic direction and policy of the charity. All trustees and the senior pastor give their time voluntarily. No full time employee is engaged in the administration of the charity. The charity is assisted by members who render voluntary services to the charity.
Risk Management
The trustees have assessed the major risks to which the charity is exposed, in particular those related to operations and finances of the charity, and are satisfied that the systems are in place to mitigate exposure to the major risks.
Objectives and Principal Activities
The charity's objectives and principal activity is to promote the advancement of the christian faith, the relief of poverty and promotion and fulfilment of various charitable causes within the local community and such other parts of the United Kingdom and the world as the trustees think fit.
Page 2
Celestial Church of Christ, Citadel of Celestians Parish Report of the Trustees for the year ended 31 December 2023
Mission statement
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a) Close the void between the call & fulfilmentof celestial church of Christ's mission on earth b) Raising christlike armies to take celestial church of Christ & christianity mandate to the next level
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c) Practice & implement complete & pure worship for all human existence
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d) Empowerment of christians to positively influence every aspect of the world around them
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e) Continuously seek, promote, reach out & extend the teaching/knowledge of the word of God (Holy Bible) to people of all ages
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e) Winning souls for Christ
Ensuring Our Work Delivers Our Aims
We review our aims, objectives and activities each year. This review looks at what we achieved and the outcomes of our work in the previous 12 months. The review looks at the success of each key activity and the benefits they have brought to those groups of people we are set up to help. The review also helps us ensure our aim , objectives and activities remained focused on our stated purposes. We have referred to the guidiance contained in the Charity Commission's general guidance on public benefit when reviewing our aim and objectives and in planning our future activities. In particular, the trustees consider how planned activities will contribute to the aims and objectives they have set.
The Focus of Our Work
Our main objectives for the year continued to be the advancement of the Christian faith and the relief of poverty and sickness. The policy of the Celestial Church of Christ, Citadel of Celestians Parish, Salford is to pursue objectives in the following ways:
-
Provision of weekly church services on Wednesdays, Fridays and Sunday to minister to the physical, spiritual and material needs of the congregants.
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Successful achieving main objective of the charity in consideration to available materials and personnel;
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Successful hosting of food drive to our immediate and extended environment
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Support other charities like children of war etc;
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Developing and training youths in music and playing of musical instruments
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Teaching and lecturing the word of God to people of all races and ages
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Established Food Bank provisions for members, neighbours and immediate environment.
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Provision of services to individuals, families and community at large. The service includes a wide range of spiritual and social care.
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Working with other christian agencies and churches in Manchester to advance the preaching of the gospel.
Page 3
Celestial Church of Christ, Citadel of Celestians Parish Report of the Trustees for the year ended 31 December 2023
Development and Achievements in the Period
The charity's events were properly managed, executed and reviewed for its impact on members. Our charity continues to grow in Sunday morning attendance, youth and children's ministry. We minister to the physical, mental and spiritual needs of our members and new comers in our midst. We have helped relief poverty and hardship amongst both and irregular congregants who are suffering from financial hardship due to unemployment and lack of financial resources.
Financial Review
Our charity was able to raise a total income of £105,865 during the year under review.
Principal Funding Sources
The principal funding sources for the charity are currently by way of Donations and Gifts from congregants through the offering basket passed during Church services and through bank standing orders etc.
Investment Policy
The objective of the investment policy is to invest in cash at banks where the capital is protected. The charity currently has a policy of keeping any surplus liquid funds in cash at banks where immediate access and security of funds is guaranteed.
Reserves Policy
It is the policy of the charity to maintain unrestricted funds which are the free reserves of the charity at a level which equates to at least 3 months of unrestricted expenditure. This provides sufficient funds to cover management and administration and support costs and to respond to emergencies which may arise from time to time.
The expenditure for 2023 was £76,791 and therefore the targeted reserves should be between £19,198 and £38,396 in general funds. The reserves are needed to meet the working capital requirements of the charity and the trustees are confident that at this level they would be able to continue the current activities of the Charity in the event of a significant drop in funding. The charity was able to meet the targeted reserves during the year under review.
Plans for Future Periods
In the near future, the charity plans to expand its operations and will continue our drive towards providing more benefits to our community The Charity plans continuing the activities outlined above in forthcoming years subject to satisfactory funding arrangements.
As at the time of this report, the charity has acquired its own place of worship and necessary arrangements are being made to engage the local community through the introduction of charitable programmes which will be directed towards provision of services which will engage them through preaching of the gospel.
Page 4
Celestial Church of Christ, Citadel of Celestians Parish Report of the Trustees for the year ended 31 December 2023
Trustees ' Responsibilities
Charity Law 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 charitable trust as at the balance sheet date and of its incoming resources and applications of resources, including income and expenditure, for the financial year. In preparing those financial statements the Trustees should follow best practice and
Select suitable accounting policies and then apply them consistently;
Make judgements and estimates that are reasonable and prudent
Prepare the financial statements on 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 company and to enable them to ensure that the financial statement comply with the Charities Act 2011. They are also responsible for the safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Statement of Disclosure of Information to the Accountants
In accordance with charity law, as trustees, we certify that:
So far as we are aware, there is no relevant information of which the company's accountants are unaware; and as the trustees of the charity we have taken all steps that we ought to have taken in order to make ourselves aware of any relevant information and to establish that the Charity's accountants are aware of that information'.
This report has been prepared
By order of trustees:
Evangelist Michael Ekundayo Chairman
20th October 2024
Page 5
Independent Examiner's Report to the Trustees of the Celestian Church of Christ, Citadel of CelestiansParish for the year ended 31 December 2023
As described on pages 2 to 5, the Trustees are responsible for the preparation of the accounts, and they consider that an audit is not required for this year (under section 144(1) of the Charities Act 2011 (The 2011 Act) and that an independent examination is needed. It is my responsibilty to:
examine the accounts (under section 145(1) of the Charity Act 2011;
follow the procedures laid down in the general Directions given by the Charity Commissioners under section 132 of the Charity Act 2011; and
state whether particular matters have come to my attention
Basis of Independent examiners statement
Our examination was carried out in accordance with 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 the trustees concerning 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 examiners statement
In connection with my examination, no matter has come to my attention:
(1) which gives us reasonable cause to believe that in any material respect the requirements:
to keep accounting records in accordance with section 130 of the Charities Act 2011; and
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities, have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
PVG Accounting Services & Consultancy Ltd 344 Moston Lane Manchester M40 9JS
Page 6
Celestial Church of Christ, Citadel of Celestians Parish Statement of Financial Activities (including Income and Expenditure Account) for the year ended 31 December 2023
| Notes Incoming resources Incoming resources from generated funds: Voluntary Income: Donations and Offerings 1 Gift Aid Tax Reclaim Building Fund Sundry Income Activities for generating funds: Investment Income Incoming resources from charitable activities: Grants & Contracts Total incoming resources Resources expended Cost of generating funds Costs of generating voluntary income 2 Fundraising trading: cost of goods sold Charity activities 3 Governance Costs 4 Total resources expended Net Incoming resources before other recognised gains Net movement in funds Reconciliation of Funds Total funds brought forward Total funds carried forward |
2023 2023 2023 2022 Unrestricted Restricted Total Total Funds Funds Funds Funds £ £ £ £ 67,197 - 67,197 56,286 38,563 38,563 9,601 - - - 105 105 - - - - - - - - - |
|---|---|
| 105,865 - 105,865 65,887 |
|
| 47,052 - 47,052 44,828 - - - 29,189 - 29,189 10,056 550 - 550 400 |
|
| 76,791 - 76,791 55,284 |
|
| 29,074 - 29,074 11 |
|
| 29,074 - 29,074 11 118,190 118,190 97,460 |
|
| 147,264 - 147,264 97,471 |
The statement of financial activities includes all gains and losses in the year. All incoming resourcesand resources expended derive from continuing activities.
The notes on Pages 9 to 12 form part of these Accounts.
Page 7
Celestial Church of Christ, Citadel of Celestians Parish Balance Sheet as at 31 December 2023
| Notes Fixed assets Tangible assets 8 Currents assets Cash at bank and in hand Debtors 9 Creditors: amounts falling due 10 within one year Total Assets less Current Liability Net Assets Creditors: amounts falling due 10 after one year Unrestricted funds General funds 12 Total funds |
2023 £ 129,627 18,187 - (550) 147,814 147,264 - 147,264 147,264 |
2022 £ 138,455 8,135 - (400) |
|---|---|---|
| 146,190 | ||
| 146,190 | ||
| (28,000) | ||
| 118,190 | ||
| 118,190 |
Approved by the Board of Trustees on the 20th October, 2024 and signed on its behalf by:
Evangelist Michael Ekundayo Chairman
The notes on pages 9 to 12 form part of these financial statements.
Page 8
Celestial Church of Christ, Citadel of Celestians Parish
Notes forming part of the financial statements for the year ended 31 December 2023
1. Accounting Policies
The principal accounting policies are summarised below. The accounting policies have been applied consistently throughout the year and in the preceding year.
(a) Basis of Accounting
The financial statements have been prepared under the historical cost convention, as modified by the inclusion of fixed assets investments at market value, and in accordance with the Companies Act 2006 and the Statement of recommended Practice: Accounting and Reporting by Charities effective January 2015.
(b) Fund Accounting
Unrestricted funds are available for use at the discretion of the trustees in furthermore of the general objectives of the charity. Unrestricted funds include a revaluation reserve representing the restatement of investment assets at market values.
Designated funds are unrestricted funds earmarked by the Trustees for particular purposes.
Restricted funds are subjected to restrictions on their expenditure imposed by the donor or through the terms of an appeal.
(c ) Incoming Resources
All incoming resources are included in the statement of financial activities when the charity is entitled to the income andthe amount can be quantified with reasonable accuracy. The following specific policies are applied to particular categories of income:
Voluntary income is received by way of grants, donations and gifts and is included in full in the Statement of Financial Activities when receiveable. Grants, where entitlement is not conditional on the delivery of a specific performance by thecharity , are recognised when the charity becomes unconditionally entitled to the grant.
Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included in these accounts.
Invested income is included when receivable.
Incoming resources from charitable trading activity are accounted for when earned.
Incoming resources from grants, where related to performance and specific deliverables, are accounted for as the charity earns the right to consideration by its performance.
(d) Resources expended
Expenditure is recognised on an accrual basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is reported as part of the expenditure to which it relates:
Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes.
Page 9
Celestial Church of Christ, Citadel of Celestians Parish Notes forming part of the financial statements for the year ended 31 December 2023
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Governance costs include those costs associated with meeting the constitutional and statutory requirements of the charity and include the accountancy fees and costs linked to the strategic management of the charity.
All costs are allocated between the expenditure categories of the SoFA on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are apportioned on an appropriate basis e.g. floor areas, per capita or estmated usage as set out in Note 4.
1. Donations
| Donations -Tithes and Offering Gift Aid Tax Reclaim Building Fund Grant Sundry Income |
Unrestricted Restricted 2023 2022 Total Total £ £ £ £ 67,197 - 67,197 56,286 38,563 - 38,563 9,601 - - - - - - - 105 - 105 558 |
|---|---|
| 105,865 - 105,865 66,445 |
Total Resources Expended
2. Costs of Generating Voluntary Income
| Basis of Allocation Staff Costs Direct Bank Charges Direct Administration Direct Professional Fees Direct Support Costs Direct Premises Direct 3. Charitable Activities Ministry Direct 4. Governance Cost Professional Fees Total Resources Expended |
Church WorSupport Cost Governance 2023 2022 £ £ £ £ £ - 4,602 - 4,602 - - 4 - 4 - - 1,445 - 1,445 5,737 - - - - - - 30,392 - 30,392 33,825 - 10,609 - 10,609 5,266 |
|---|---|
| - 47,052 - 47,052 44,828 |
|
| 29,189 - - 29,189 10,056 |
|
| 29,189 - - 29,189 10,056 |
|
| 550 550 400 |
|
| - - 550 550 400 |
|
| ~~29,189~~ ~~47,052~~ ~~550~~ ~~76,791~~ ~~55,284~~ |
Page 10
Celestial Church of Christ, Citadel of Celestians Parish
Notes forming part of the financial statements for the year ended 31 December 2023
5. Net Incoming Resources for the Year
This is stated after charging:
| Accountant's Remuneration | 2023 £ 550 550 |
2022 £ 400 |
|---|---|---|
| 400 |
6. Trustee Remuneration & Related Pay Transactions
No member of the Board of Trustee member received any remuneration during the period
7. Taxation
As a charity, Celestial Church of Christ, Citadel of Celestians Parish, Salford is exempt from tax on income and gains falling within section 505 of the Taxes Act1988 or s256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have risen in the Charity.
8. Tangible Fixed Assets
Fixed assets (excluding investments and Land and Building) are stated at cost less accumulated depreciation. The costs of minor additions or those costing below £500 are not capitalised. Depreciation is provided at rates calculated to write of the cost of each asset over its expected useful life, which in all cases is estimated at 4 to 5 years. The leasehold property is depreciated over 50 years at the rate of 2%. The cost brought into the books are estimated by the charity at cost/fair value or net realisable value as at the financial year end as addition during the year.
Depreciation of Building is calculated to write off its cost over 50 years on a straight line basis.
| Cost At 1 Jan 2023 Additions in year At 31 Dec 2023 Depreciation At 1 Jan 2023 Charge for the year At 1 Dec 2023 Net Book Value At 1 December 2023 Net Book Value At 1 December 2022 |
Motor Media &Musical Vehicle Equipment £ £ 2,800 23,231 2,800 23,231 2,800 11,616 - 5,808 2,800 17,424 - 5,807 - 11,615 |
Leasehold Property £ 132,880 - 132,880 6,040 3,020 9,060 123,820 126,840 |
2023 Total £ 158,911 - |
|---|---|---|---|
| 158,911 | |||
| 20,456 8,828 |
|||
| 29,284 | |||
| 129,627 | |||
| 138,455 |
Page 11
Celestial Church of Christ, Citadel of Celestians Parish
Notes forming part of the financial statements for the year ended 31 December 2023
10. Creditors: Amounts falling due within one year
| Accruals 11. Creditors: Amounts falling due after one year Mortgage Creditor 12. Analysis of Net Assets Between Funds |
Accruals 11. Creditors: Amounts falling due after one year Mortgage Creditor 12. Analysis of Net Assets Between Funds |
2023 2022 £ £ 550 400 550 400 2023 2022 £ £ - 28,000 - 28,000 General Designated Restricted Total Funds Funds Funds Funds £ £ £ £ |
2022 £ 400 |
|---|---|---|---|
| 400 | |||
| 2022 £ 28,000 |
|||
| 28,000 | |||
| Tangible Fixed Assets Investments Current Assets Total Liabilities Net Assets at 31 December 2023 |
129,627 - 129,627 - - - - 18,187 - - 18,187 (550) - - (550) - |
||
| 147,264 - - 147,264 |
|||
| 13. Movements in Funds Restricted Funds: Total Restricted Funds Unrestricted Funds: General Funds Total Unrestricted Funds Total Funds |
At 1 Jan Incoming Outgoing Transfers 31 December 2023 Resources Resources 2023 [Inc Gains] £ £ £ £ £ - - - - - |
||
| - - - - - |
|||
| 118,190 105,865 76,791 - 147,264 |
|||
| 118,190 105,865 76,791 - 147,264 |
|||
| 118,190 105,865 76,791 - 147,264 |
Page 12
Celestial Church of Christ, Citadel of Celestians Parish Income and Expenditure Account for the Year Ended 31 December 2023
| Income LESS OVERHEADS Staff Costs Salary Premises Costs Rent & Rates Cleaning Premises Waste Management Security Expenses Bank Charges Bank Charges Administration Printing, Postage and Stationery Training Telephone & Internet Registration and Subscription Fees Ministry Evangelism & Publicity Events, Retreats & Conferences Gift to Charities & Visiting Ministries Donations, Welfare & Love Gifts Hospitality Music Expenses Professional Fees Audit & Accountancy Fees Support Costs Hotel, Travel & Motor Expenses Repair & Maintenance Insurance Depreciation Sundry Expenses Surplus/(Deficit for the year) Surplus brought forward Surplus carried forward |
2023 2022 £ £ £ £ £ £ 105,865 66,445 4602 - 4,602 - 7,642 5,266 2157 - 240 - 570 - 10,609 5,266 4 - 4 - 240 95 481 3,583 581 1,759 144 300 1,445 5,737 8278 1417 10,981 1,972 2,200 1,180 2,071 3,737 4,593 - 1,066 1,750 29,189 10,056 550 400 550 400 10,391 14,637 8,090 6,509 2,394 2,049 8,828 10,228 689 402 30,392 33,825 (76,791) (55,284) 29,074 11,161 118,190 107,029 147,264 118,190 |
2023 2022 £ £ £ £ £ £ 105,865 66,445 4602 - 4,602 - 7,642 5,266 2157 - 240 - 570 - 10,609 5,266 4 - 4 - 240 95 481 3,583 581 1,759 144 300 1,445 5,737 8278 1417 10,981 1,972 2,200 1,180 2,071 3,737 4,593 - 1,066 1,750 29,189 10,056 550 400 550 400 10,391 14,637 8,090 6,509 2,394 2,049 8,828 10,228 689 402 30,392 33,825 (76,791) (55,284) 29,074 11,161 118,190 107,029 147,264 118,190 |
2023 2022 £ £ £ £ £ £ 105,865 66,445 4602 - 4,602 - 7,642 5,266 2157 - 240 - 570 - 10,609 5,266 4 - 4 - 240 95 481 3,583 581 1,759 144 300 1,445 5,737 8278 1417 10,981 1,972 2,200 1,180 2,071 3,737 4,593 - 1,066 1,750 29,189 10,056 550 400 550 400 10,391 14,637 8,090 6,509 2,394 2,049 8,828 10,228 689 402 30,392 33,825 (76,791) (55,284) 29,074 11,161 118,190 107,029 147,264 118,190 |
2023 2022 £ £ £ £ £ £ 105,865 66,445 4602 - 4,602 - 7,642 5,266 2157 - 240 - 570 - 10,609 5,266 4 - 4 - 240 95 481 3,583 581 1,759 144 300 1,445 5,737 8278 1417 10,981 1,972 2,200 1,180 2,071 3,737 4,593 - 1,066 1,750 29,189 10,056 550 400 550 400 10,391 14,637 8,090 6,509 2,394 2,049 8,828 10,228 689 402 30,392 33,825 (76,791) (55,284) 29,074 11,161 118,190 107,029 147,264 118,190 |
|---|---|---|---|---|
| 11,161 107,029 |
||||
| 118,190 |
This page does not form part of the statutory accounts.
Page 13