2023-11-30-accounts

CELESTIAL CHURCH OF CHRIST ORISUN IBUKUN PARISH

FINANCIAL STATEMENT FOR THE YEAR ENDED 30 NOVEMBER 2023

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 2023

CHARITY NO 1167319

CELESTIAL CHURCH OF CHRIST ORISUN IBUKUN PARISH

FINANCIAL STATEMENT FOR THE YEAR ENDED 30 NOVEMBER 2023

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 2023

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 2023

The Trustees present their report and the financial statements for the year ended 30th November 2023

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 2023

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	£ £ £ £ 41,004 59,061 - 11,794 12,750 52,797 71,811 920 720 26,608 24,076 - 654 - 60 - 69 - 7,794 319 1,882 22,414 7,378 454 521 128 1,803 420 2,338 3,075 2,356 - - 3,886 710 - - - - - 430 - 350 2,135 8,187 7,991 66,761 60,917 - - (13,964) 10,894 0 0 (13,964) 10,894 18,203 18,203 4,239 29,097 2023 2022	£ £ £ £ 41,004 59,061 - 11,794 12,750 52,797 71,811 920 720 26,608 24,076 - 654 - 60 - 69 - 7,794 319 1,882 22,414 7,378 454 521 128 1,803 420 2,338 3,075 2,356 - - 3,886 710 - - - - - 430 - 350 2,135 8,187 7,991 66,761 60,917 - - (13,964) 10,894 0 0 (13,964) 10,894 18,203 18,203 4,239 29,097 2023 2022
	920 26,608 - - - - 319 22,414 454 128 420 3,075 - 3,886 - - - 350 8,187
		10,894 0
		10,894 18,203
		29,097

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 2023

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	£ £ £ £ 4,445 4,877 4,445 4,877 - - 250 24,676 250 24,676 456 456 206 - 24,220 4,239 29,097 4,239 24,338 4,239 24,338 2023 2022	£ £ £ £ 4,445 4,877 4,445 4,877 - - 250 24,676 250 24,676 456 456 206 - 24,220 4,239 29,097 4,239 24,338 4,239 24,338 2023 2022
		4,877 24,220
	250 456
		29,097
		24,338
		24,338

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 2023

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)

2.OPERATING SURPLUS/(DEFICIT)	2023	2022
	£	£
Operating deficit is after charging:
Depreciation written off on tangible fixed assets	8,187	2,844

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 Furniture & Fittings 25% on reducing balance 5. LIABILITIES Accountancy fees Loan Account Others	basis basis 2023 2022 £ £ 806 456 - - - -
	806 456

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 2022 Additions At 30 November 2023 Depreciation At 1 December 2022 Charged in the year At 30 November 2023 Net Book Values At 30 November 2023 At 30 November 2022	Furniture & Fittings Musical Instruments Total £ £ 5,232 26,738 31,970 - 7,755 7,755
	5,232 34,493 39,725
	2,388 24,705 24,705 1,308 6,879 8,187
	3,696 31,584 32,892
	1,536 2,909 4,445
	2,844 2,033 4,877

Page 7