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← Celestial Church Of Christ Orisun Ibukun (Fountain Of Blessing) Parish

2021-11-30-accounts

CELESTIAL CHURCH OF CHRIST ORISUN IBUKUN PARISH

FINANCIAL STATEMENT FOR THE YEAR ENDED 30 NOVEMBER 2021

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 2021

CHARITY NO 1167319

CELESTIAL CHURCH OF CHRIST ORISUN IBUKUN PARISH

FINANCIAL STATEMENT FOR THE YEAR ENDED 30 NOVEMBER 2021

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 2021

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 2021

The Trustees present their report and the financial statements for the year ended 30th November 2021

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 2021, 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:

  1. Which gives me reasonable cause to believe that in any material respect the requirements:

  2. to keep accounting records in accordance with section 130 of the 2011 Act, and

  3. 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

  1. 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 2021

Notes
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
Refuse Collection
Sunday School
Choir Expenses
Spiritual Items
Legal and Propfessional fees
Repairs & Maintenance
Church Materials
Telephone
Donations
Professional fees
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		 £
£
£
£
56,446
26,247
-
25,000
16,129
11,460
72,574
62,707
-
1,290
21,859
23,576
1,025
850
-
140
455
255
4,277
6,827
-
355
18,033
3,940
622
1,760
2,239
3,291
3,940
2,016
1,304
9,659
-
140
13,812
120
260
940
470
1,081
-
500
500
2,264
3,345
70,282
60,864
-
-
2,293
1,842
0
0
2,293
1,842
15,909
14,067
18,202
15,909
2021
2020		 £
£
£
£
56,446
26,247
-
25,000
16,129
11,460
72,574
62,707
-
1,290
21,859
23,576
1,025
850
-
140
455
255
4,277
6,827
-
355
18,033
3,940
622
1,760
2,239
3,291
3,940
2,016
1,304
9,659
-
140
13,812
120
260
940
470
1,081
-
500
500
2,264
3,345
70,282
60,864
-
-
2,293
1,842
0
0
2,293
1,842
15,909
14,067
18,202
15,909
2021
2020
-
21,859
1,025
-
455
4,277
-
18,033
622
1,760
2,239
3,291
2,016
9,659
140
120
940
1,081
500
2,264
1,842
0
1,842
14,067
15,909

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

Balance sheet at 30 November 2021

Notes
FIXED ASSETS
Tangible Fixed Assets
8
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		 £
£
£
£
10,032
969
10,032
969
-
-
8,626
15,440
8,626
15,440
456
500
8,170
14,940
18,202
15,909
18,202
15,909
18,202
15,909
2021
2020		 £
£
£
£
10,032
969
10,032
969
-
-
8,626
15,440
8,626
15,440
456
500
8,170
14,940
18,202
15,909
18,202
15,909
18,202
15,909
2021
2020
969
14,940
8,626
456
15,909
15,909
15,909

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 2021.

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) 2021 2020
£ £
Operating deficit is after charging:
Depreciation written off on tangible fixed assets 3,344 #REF!

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
Furniture & Fittings 25% on reducing balance basis
2021 2020
5. LIABILITIES £ £
Accountancy fees 456 500
Loan Account - -
Others - -
456 500

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 2020
Additions
At 30 November 2021
Depreciation
At 1 December 2020
Charged in the year
At 30 November 2021
Net Book Values
At 30 November 2021
At 30 November 2020		 Furniture
& Fittings
Musical
Instrume
nts
Total
£
£
-
16,725
16,725
4,320
8,087
12,407
4,320
24,812
29,132
-
15,756
15,756
1,080
2,264
3,344
1,080
18,020
19,100
3,240
6,792
10,032
-
969
969

Page 7