2022-11-30-accounts

CELESTIAL CHURCH OF CHRIST ORISUN IBUKUN PARISH

FINANCIAL STATEMENT FOR THE YEAR ENDED 30 NOVEMBER 2022

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 2022

CHARITY NO 1167319

CELESTIAL CHURCH OF CHRIST

ORISUN IBUKUN PARISH

FINANCIAL STATEMENT FOR THE YEAR ENDED 30 NOVEMBER 2022

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 2022

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 2022

The Trustees present their report and the financial statements for the year ended 30th November 2022

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 2022, 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 2022

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	£ £ £ £ 59,061 56,446 - 12,750 16,129 71,812 72,575 720 24,076 21,859 654 1,025 60 69 455 7,794 4,277 1,882 7,378 18,033 521 622 1,803 1,760 2,338 2,239 2,356 3,291 - 2,016 710 9,659 - 140 - 120 430 940 1,081 2,135 500 7,993 2,264 60,917 70,281 - - 10,895 2,294 0 0 10,895 2,294 18,202 15,909 29,097 18,203 2022 2021	£ £ £ £ 59,061 56,446 - 12,750 16,129 71,812 72,575 720 24,076 21,859 654 1,025 60 69 455 7,794 4,277 1,882 7,378 18,033 521 622 1,803 1,760 2,338 2,239 2,356 3,291 - 2,016 710 9,659 - 140 - 120 430 940 1,081 2,135 500 7,993 2,264 60,917 70,281 - - 10,895 2,294 0 0 10,895 2,294 18,202 15,909 29,097 18,203 2022 2021
	720 24,076 654 60 69 7,794 1,882 7,378 521 1,803 2,338 2,356 - 710 - - 430 2,135 7,993
		2,294 0
		2,294 15,909
		18,203

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 2022

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	£ £ £ £ 4,877 10,032 4,877 10,032 - - 24,676 8,626 24,676 8,626 456 456 24,220 8,170 29,097 18,202 29,097 18,202 29,097 18,202 2022 2021	£ £ £ £ 4,877 10,032 4,877 10,032 - - 24,676 8,626 24,676 8,626 456 456 24,220 8,170 29,097 18,202 29,097 18,202 29,097 18,202 2022 2021
		10,032 8,170
	24,676 456
		18,202
		18,202
		18,202

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 2022

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)	2022	2021
	£	£
Operating deficit is after charging:
Depreciation written off on tangible fixed assets	7,993	#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
	2022	2021
5. LIABILITIES	£	£
Accountancy fees	456	456
Loan Account	-	-
Others	-	-
	456	456

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 2021 Additions At 30 November 2022 Depreciation At 1 December 2021 Charged in the year At 30 November 2022 Net Book Values At 30 November 2022 At 30 November 2021	Furniture & Fittings Musical Instrume nts Total £ £ 4,320 24,812 29,132 912 1,926 2,838
	5,232 26,738 31,970
	1,080 18,020 18,020 1,308 6,685 7,993
	2,388 24,705 26,013
	2,844 2,033 4,877
	3,240 6,792 10,032

Page 7