CELESTIAL CHURCH OF CHRIST ORISUN IBUKUN PARISH
FINANCIAL STATEMENT FOR THE YEAR ENDED 30 NOVEMBER 2020
EMMANUEL STEPHENS & CO. CHARTERED ACCOUNTANTS, BUSINESS ADVISERS & CONSULTANTS 62 BEECHWOOD ROAD, LONDON 8 3DY
CELESTIAL CHURCH OF CHRIST ORISUN IBUKUN PARISH FINANCIAL STATEMENT FOR THE YEAR ENDED 30 NOVEMBER 2020
CHARITY NO 1167319
CELESTIAL CHURCH OF CHRIST ORISUN IBUKUN PARISH
FINANCIAL STATEMENT FOR THE YEAR ENDED 30 NOVEMBER 2020
Reports and Accounts
CONTENTS
Charity Information 1
Trustees Report
2
| Accountant's Report | 3 |
|---|---|
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to Accounts | 6 - 7 |
CELESTIAL CHURCH OF CHRIST ORISUN IBUKUN PARISH
FINANCIAL STATEMENT FOR THE YEAR ENDED 30 NOVEMBER 2020 Charity Information
THE MANAGEMENT COMMITTEE:
Chairperson Mukaila Adelaja Bello
General Secretary
BUSINESS OFFICE
Unit 2 VW House Selina's Lane, Dagenham Essex RM8 1QH
BANKERS
TSB Bank PLC Leytonstone Branch Henry Duncan House 120 George Street Edinburgh EH2 4LH
ACCOUNTANTS
EMMANUEL STEPHENS & CO. 62 BEECHWOOD ROAD LONDON E8 3DY
Page 1
CELESTIAL CHURCH OF CHRIST ORISUN IBUKUN PARISH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 30TH NOVEMBER 2020
The Trustees present their report and the financial statements for the year ended 30th November 2020
Activities in the year
We continue to promote the gospel of God and to spread the good news to all. The aparatus used for this purpose includes regular fellowship, ministering the word, trainig of disciples, organising conferences and retreat.
Trustees
The church is managed by a Board of Trustees appointed annually at the Annual General Meeting. The day to day operations of the charity is run by the Chief Executive who is supported by one Administrator. The Trustees who served during the year are:
Prospects
We are still searching for a new permanent premises that is affordable and suitable for the parish. This is affecting the extent to which we can achieve our objectives.
Finances
The attached financial statement show the current state of affairs which the Trustees consider to be melting point for future progress.
This report was approved by the Board on and signed on its behalf by:
Mukaila Adelaja Bello TRUSTEE
Page 2
CELESTIAL CHURCH OF CHRIST ORISUN IBUKUN PARISH INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CELESTIAL CHURCH OF CHRIST ORISUN IBUKUN PARISH
I report on the accounts of the Trust for the period ended 30th November 2020, Which are set out on paged 3 to 6.
RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND EXAMINER
As the Charity's Trustees, you are responsible for the preparation of the Account: you consider that the audit requirement of section 43(2) of the Charities Act 1993 ("the Act") does not apply. It is my responsibility to:
-
. Examine the accounts under section 145 of the 2011 Act;
-
. to follow the procedure s laid down in the general Directions given by the Charity Commission under section 145(5) of the 2011 Act;
. to state whether particulat matters have come to my attention.
BASIS OF INDEPENDENT EXAMINER'S REPORT
My examination was carried out in accordance with the 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 you as Trustees concerning any 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 EXAMINER'S STATEMENT
In connection with my examination, no matter has come to my attention:
-
Which gives me reasonable cause to believe that in any material respect the requirements:
-
to keep accounting records in accordance with section 130 of the 2011 Act, and
-
to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act.
have not been met: or
- to which, in my opinion, attention be drawn to enable a proper understanding of the accounts to be reached.
Emmanuel Stephens & Co.
Chartered Accountants, Business Advisers & Consultants 62 Beechwood Road
London E8 3DY
Page 3 CELESTIAL CHURCH OF CHRIST ORISUN IBUKUN PARISH
Statement of Financial Activities for the year ended 30 November 2020
Notes
2020
2019
| Tithes & Offerings Government Grant Gift Aid Received Total Income Direct Charitable Expenditure Honorarium Rent Payable & Rates Light & Heat Printing Postage & Stationery Travel Harvest Expenses Evangelism Church Expenses Spiritual Items Legal and Propfessional fees Repairs & Maintenance Church Materials Telephone Donations Insurance Accountancy Depreciation of Fixtures & Equipment Other Expenditure Bank Charges Operating Surplus/(Deficit) Other Income & Expenses Bank Deposit Interest Net Surplus/(Deficit) for the Year Accumulated Fund b/fwd Accumulated Fund c/fwd |
£ 26,247 25,000 11,460 |
£ £ - 50,003 19,880 62,707 1,800 25,059 1,092 1,334 428 5,354 986 5,054 4,520 2,867 4,765 7,432 210 1,070 - 500 3,156 60,864 - 1,842 0 1,842 14,067 15,909 |
£ - 50,003 19,880 |
£ 69,883 65,626 - |
|---|---|---|---|---|
| 1,290 23,576 850 140 255 6,827 355 3,940 3,940 1,304 - 13,812 260 470 - 500 3,345 |
1,800 25,059 1,092 1,334 428 5,354 986 5,054 4,520 2,867 4,765 7,432 210 1,070 - 500 3,156 |
|||
| 4,257 0 |
||||
| 4,257 9,810 |
||||
| 14,067 |
All disclosures relate to the continuing operations. There are no recognised gains or losses other than those disclosed above.
Page 4 CELESTIAL CHURCH OF CHRIST ORISUN IBUKUN PARISH
----- Start of picture text -----
Balance sheet at 30 November 2020
2020 2019
Notes £ £ £ £
FIXED ASSETS
Tangible Fixed Assets 8 969 212
969 212
----- End of picture text -----
| CURRENT ASSETS Debtors and Prepayment Cash in Hand/ Bank CURRENT LIABILITIES Amount falling due within a year 5 NET CURRENT ASSETS NET ASSETS ACCUMULATED FUNDS Unrestricted 6 |
- 15,440 |
14,940 | - 14,555 |
13,855 |
|---|---|---|---|---|
| 15,440 500 |
14,555 700 |
|||
| 14,068 | ||||
| 14,068 | ||||
| 14,068 |
Approved by the Trustees and Signed on their behalf:
Page 5
CELESTIAL CHURCH OF CHRIST ORISUN IBUKUN PARISH
Notes to the financial statements for the period ended 30 November 2020.
ACCOUNTING POLICIES
The accounts have been prepared in compliance with the statement of Recommended Practice (SORP): Accounting for Charities.
1. GRANTS, DONATIONS ETC
These are recognised in full in the Statement of Financial Activities in the period in which they are received. 2.OPERATING SURPLUS/(DEFICIT) 2020 2019 £ £
Operating deficit is after charging:
Depreciation written off on tangible fixed assets
3,345
3101
4.DEPRECIATION
This has been provided at the following rates in order to write off the assets over their estimated useful lives
| Musical Instruments | 25% on reducing balance basis | |
|---|---|---|
| 2020 | 2019 | |
| 5. LIABILITIES | £ | £ |
| Accountancy fees | 500 | 700 |
| Loan Account | - | - |
| Others | - | - |
| 500 | 700 |
6. UNRESTRICTED FUNDS
These are grants and donations received or receivable for the objects of the charity without restrictions as to purpose but are available as general funds.
7. RESTRICTED FUNDS
Restricted funds are used for the purpose as specified by the donor. Expenditure that meets these criteria is identified to the fund.
Page 6
8. FIXED ASSETS
| Cost At 1 December 2019 Additions At 30 November 2020 Depreciation At 1 December 2019 Charged in the year At 30 November 2020 Net Book Values At 30 November 2020 At 30 November 2019 |
Musical Instrume nts Total £ £ 16,725 16,725 - - |
|---|---|
| 16,725 16,725 |
|
| 12,411 12,411 3,345 3,345 |
|
| 15,756 15,756 |
|
| 969 969 |
|
| 212 212 |
Pagg 7