2021-03-31-accounts

CELESTIAL CHURCH OF CHRIST MOUNT MORIAH PARISH

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31[ST] MARCH 2021

CHARITY NUMBER: 1162072

CELESTIAL CHURCH OF CHRIST MOUNT MORIAH PARISH 125 VERNEY ROAD LONDON SE16 3DA

INDEX Page Index 1 Trustee’s Report 2 - 3 Receipts and Payments Account 4 Statement of Assets and Liabilities 5 Notes on the financial Statements 6

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CELESTIAL CHURCH OF CHRIST MOUNT MORIAH PARISH

TRUSTEES’ REPORT YEAR ENDED 31[ST] MARCH 2021

The trustees are pleased to present their report for the year ended 31[st] March 2021 for the charity, Celestial Church of Christ Mount Moriah Parish with charity number 1162072.

The Trustees of the charity are: Michael Derby Elizabeth Efe Aideloje Godfrey Imonikhe Joseph Ohiomah Sylvia Anutika Duvah

The principal address of the charity is : 125 Verney Road London SE16 3DA

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Charity governing document is a CIO – Foundation Constitution registered 9[th] June 2015.The Charity is governed by a board on which the trustees are represented. It meets regularly to review, plan activities and monitor the financial position.

OBJECTIVES AND ACTIVITIES

The Objects of the organisation are first to advance the Christian faith in accordance with the statement of beliefs for the benefit in the United Kingdom and in such other parts of the world as the trustees may think fit from time to time . The trustees confirm that they have had due regard to the guidance issued by the Charity Commission on public benefit before deciding what activities the charity should undertake.

ACHIEVMENTS AND PERFORMANCE

The Organisation were not able hold services in the church hall. This was due to the Covid pandemic. All services were then held online however this greatly hindered the operations of the charity in the community.

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FINANCIAL REVIEW

The income of the charity is above £255. This is a low amount for the year of the charity the costs have been well managed over this period. The organisation is still in a good position to manage its costs. The main cost of the organisation was for donations that were given to other charities.

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RESERVE POLICY

It is the policy of the Charity to maintain unrestricted funds, which are the reserves of the charity at about 3 months of unrestricted expenditure. This provides sufficient funds to cover any emergency expenditures that may arise from time to time. The charity will seek to maintain this level throughout the year.

RISK MANAGEMENT

The charity have assessed all the major risks to which the charity is exposed to, in particular those related to operations and finances of the charity, and are satisfied that systems are in place to mitigate exposure to major risks.

TRUSTEE RESPONSIBILITIES

Under the Charities Act 2011,the trustees are required to prepare a statement of accounts for each accounting year which gives a true and fair view of the state of the church. They are required to:

1. Select suitable accounting policies and apply them consistently.

2. Make judgements and estimates that are reasonable and prudent.

3. State whether the applicable accounting standards have been followed.

4. Prepare financial statements on an ongoing basis.

They are responsible for keeping proper records which disclose with reasonable accuracy the finances of the church at any time and to ensure that such accounts comply with the Charities Act 2011.They also have a responsibility to safeguard the assets of the church and to take reasonable steps to detect fraud or other irregularities.

Approved by the Trustees on 29[th] March 2021 and signed on their behalf by:

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CELESTIAL CHURCH OF CHRIST MOUNT MORIAH PARISH

ACCOUNTS FOR THE YEAR ENDED 31st March 2021

**1 **	Receipts & Payments Account (General Purpose Fund)	Receipts & Payments Account (General Purpose Fund)	Receipts & Payments Account (General Purpose Fund)
	Income Receipts	£/ 2021	£/2020
	Donations	255	8774
	Total Receipts	255	8774
	Direct Charitable Expenditure
	Charity Donations	316	60
	Hall Hire		7314
	Events		180

Other Expenditure Equipment Instruments Total Payments Net Receipts/(Payments) for the year Cash Funds brought forward Cash Funds at the end of the year	316 7554 0 0 0 0
	0 0 316 7554 -61 1190 1303 113
	1242 1303

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CELESTIAL CHURCH OF CHRIST MOUNT MORIAH PARISH

----- Start of picture text -----
2 Statements of Assets and Liabilities at 31st March 2021
Monetary Assets
Cash Funds Unrestricted Funds
£/2021 £/2020
£
Cash at hand and in bank 1242 1303
Total Cash Funds 1242 1303
Assets Retained for the
Charity's Own use
Non-monetary Assets and Liabilities
Musical Instruments
Equipments
0 0
Liabilities
----- End of picture text -----

These accounts were approved by the trustees and signed on their behalf by: Michael Derby ____________

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CELESTIAL CHURCH OF CHRIST MOUNT MORIAH PARISH

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31st March 2021

ACCOUNTING POLICIES

Basis of Accounting

These accounts have been prepared on the receipts and payments basis with all revenue and expenses shown on a cash basis. Non-monetary assets are shown at estimates of the value at the end of the year.

Funds

The CIO has a general unrestricted fund that receives voluntary donations from attendants at the services.

The CIO has no outstanding guarantees to third parties no any debts secured on the asstes of the CIO

Public Benefit

The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or aims that are for public benefit.Details of how this is achieved are provided in the Trustees report. The trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.

Depreciation

Depreciation is calculated at 20% reducing balance method.

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