CELESTIAL CHURCH OF CHRIST MOUNT MORIAH PARISH
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31[ST] MARCH 2025
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 2025
The trustees are pleased to present their report for the year ended 31[st] March 2025 for the charity, Celestial Church of Christ Mount Moriah Parish with charity number 1162072.
The Trustees of the charity are:
Joseph Ohiomah Elizabeth Efe Aideloje Oluwaseun Adeniji Schadrac Agbla
The principal address of the charity is:
510A East Prescot Road LIVERPOOL L14 9PW
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Charity governing document is a 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 has started holding services in the church hall. This was well received as many attendants began to attend the meetings. All services are not back to operating in the hall.
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FINANCIAL REVIEW
The income of the charity is £23,853. This is a better 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 has 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:
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Select suitable accounting policies and apply them consistently.
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Make judgements and estimates that are reasonable and prudent.
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State whether the applicable accounting standards have been followed.
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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 ____ and signed on their behalf by:
Joseph Ohiomah
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CELESTIAL CHURCH OF CHRIST MOUNT MORIAH PARISH
ACCOUNTS FOR THE YEAR ENDED 31st March 2025
1 Receipts & Payments Account (General Purpose Fund)
| Income Receipts | £/ 2025 | £/2024 |
|---|---|---|
| Donations | 23853 | 19105 |
| Total Receipts Direct Charitable Expenditure Charity Donations Hall Hire Events Printing & Stationery Welfare Supplies Other Expenditure Repair and Maintenance Cleaning Motor Running Costs Legal & Professional Fees Rates Light & Heat Water Rates Insurance Telephone & Internet Depreciation Software Total Payments Net Receipts/(Payments) for the year Cash Funds brought forward Cash Funds at the end of the year |
23853 19105 |
|---|---|
| 1398 778 4000 12900 2151 3169 177 1070 1013 309 968 519 |
|
| 9707 18745 4217 985 - 576 1260 124 300 300 1140 - 1860 - 409 - 315 - 200 - 962 873 20 32 |
|
| 10683 2890 20390 21635 3463 -2530 4507 7037 |
|
| 7970 4507 |
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CELESTIAL CHURCH OF CHRIST MOUNT MORIAH PARISH
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2 Statements of Assets and Liabilities at 31st March 2024
Monetary Assets
Cash Funds Unrestricted Funds
£/2025 £/2024
£
Cash at hand and in bank 4123 1015
Total Cash Funds 4123 1015
Assets Retained for the
Charity's Own use
Non-monetary Assets and Liabilities
Musical Instruments
2619 1957
Equipments 1228 1535
7970 4507
Liabilities
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These accounts were approved 26/01/2026 by the trustees and signed on their
behalf by: Joseph Ohiomah
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CELESTIAL CHURCH OF CHRIST MOUNT MORIAH PARISH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31st March 2025
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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