## **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**|
**1**
## **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.
**2**
## **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.
.
## **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:
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 ________________ and signed on their behalf by:
Joseph Ohiomah
**3**
**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**|
**4**
## **CELESTIAL CHURCH OF CHRIST MOUNT MORIAH PARISH**
**----- Start of picture text -----**
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
**----- End of picture text -----**
These accounts were approved 26/01/2026 by the trustees and signed on their
behalf by: Joseph Ohiomah
**5**
**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.
**6**