**Registered Charity No - 1179133** Celestial Church of Christ Oasis of Grace (Christ Church) Trustees’ Report and Accounts for the Year Ended 31 December 2024 |**CONTENTS**|**PAGE**| |---|---| |Legal and Administrative Details|**2**| |Trustees' Report|**3**| |Independent Examiner’s Report|**6**| |Statement of Financial Activities|**7**| |Balance Sheet|**8**| |Notes to the Accounts|**9**| **1 |** P a g e ## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2024** 1. Ms Patricia Isaacs (Chair) 2. Mr Solomon Alao (Secretary) 3. Ms Mary Laniyan 4. Ms Natalia Blagrove 5. Mr Ayo Ijidakinro 6. Ms Elizabeth Abe 7. Ms Victoria Olatunde 8. Mrs Laurence Beyllignont **Trustees** 1. Ms Patricia Isaacs (Chair) 2. Mr Solomon Alao (Secretary) 3. Ms Mary Laniyan 4. Ms Natalia Blagrove 5. Mr Ayo Ijidakinro 6. Ms Elizabeth Abe 7. Ms Victoria Olatunde 8. Mrs Laurence Beyllignont **Charity registered Number** 1179133 **Date of charitable registration** 10 July 2018 **Principal office** Unit 20, Bellingham Trading Estate, Franthorne Way London SE6 3BX **Secretary** Mr Solomon Alao **Independent examiners** Accounting Assist Ltd - C/O Good to Give Ltd 7 Bell Yard WC2A 2JR **Bankers** Barclays Bank **2 |** P a g e ## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2024** The Board of Trustees, who are the trustees for charity law purposes, submit their annual report and the financial statements of Celestial Church of Christ Oasis of Grace (Christ Church) for the year ended 31 December 2024. The Board of Trustees confirms that the annual report and financial statements of the Charity comply with current statutory requirements, the requirements of the Charity's governing document and the provisions of the Statement of Recommended Practice (SORP) FRS 102, second edition effective January 2019). ## **Structure, governance and management** ## **The 8 Trustees are:** Ms Patricia Isaacs (Chair) Mr Solomon Alao (Secretary) Ms Mary Laniyan Ms Natalia Blagrove Mr Ayo Ijidakinro Ms Elizabeth Abe Ms Victoria Olatunde Mrs Laurence Beyllignont The Trustees play a primary role in ensuring good governance and functioning of the foundation. The Board’s role, functions and responsibilities are quite clearly defined. The Charity currently has a dedicated team of Advisory board members in the UK who have helped to secure financial support and contribute to the future planning of the organisation. ## **Governing document:** Celestial Church of Christ Oasis of Grace (Christ Church) is Charitable incorporated organisation which was registered on 10 July 2018. The charity is governed by its Constitution which is dated 10 July 2018. ## **Recruitment and appointment of trustees:** The members of the General Trustee Board are trustees for the purposes of charity law. New trustees may be appointed by resolution of a meeting of the trustees. Much of the charity's work focuses upon the promotion of the Christian religion and the running and maintenance of its place of worship and the support of the less needy within the community, in and around South and Central London, in conjunction with other charities. The General Trustee Board seeks to ensure that the needs of this group are appropriately reflected through the diversity of the trustee body. To enhance the potential pool of trustees, the charity has, through networking with voluntary organizations active in the sector, sought to identify those who would be willing to become members of the charity and use their own experience to assist the charity. ## **Risk Management:** We are committed to a policy of identifying, monitoring and managing the risks that might adversely affect the activities in which we are involved. In this context, risk is defined as the potential to fail to achieve charity objectives and for loss, financial and reputational, inherent in the environment in which we operate in the nature of the transactions undertaken. **3 |** P a g e ## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 DECEMBER 2024** The principal risk of the charity has been its dependence on voluntary income. Trustees have initiated various processes to mitigate such risk, so that the charity has sufficient reserve in the event of adverse condition(s). The trustees have also examined other operational and business risks which they face and continue to work towards mitigating these risks. The trustees have also examined other operational and business risks which they face and confirm that they have taken steps to mitigate the significant risks. ## **Public Benefit:** The Trustees have complied with the duty in Section 4 of the Charities Act 2011 and have paid due regard to public benefit when preparing this report. The benefit provided to the public is consistent with the aims of the charity in UK. ## **Objectives and activities:** 1.1 To advance the Christian faith for the benefit of the public in accordance with the statement of beliefs in such ways and in London and such parts of the United Kingdom as the trustees from time to time may think fit including promoting an understanding of equal treatment of all. 1.2 The relief of poverty and improved health care of the general public specifically in the local community of Deptford and St Mongo’s -New Cross. There is an urgent need to extend this to our immediate area of Catford, where there are many drug addicts, homeless and impoverished people living on the streets. We intend to continue providing toiletries, clothes, hot food and nonperishable goods to those in need. 1.3 The trustees must use the income and may use the capital of the church in promoting the objects. ## **Financial review:** The largest contribution to the charity for the year came from general offerings. The charity has begun its charitable activities from March 2014 and continues to do so. The Charity currently aims to designate the total fund received less expenses for the main objective of the charity. ## **Plans for future periods:** The charity is aiming to achieve its targets through securing donations from willing individuals. One area of consideration is the creation of the evangelism committee who will be responsible for coming up with regular programmes at least once per month, which will attract visitors and new members to visit, participate and contribute to our fundraising. ## **Statement of Board of Trustees’ responsibilities** The Board of Trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. Charity law applicable to charities in England/Wales requires the Board of Trustees to prepare financial statements for each financial year which gives a true and fair view of the state of affairs of **4 |** P a g e TRUSTEES, REPORT FOR THE YEAR ENDED 31 DECEMBER 2024 the Charity and of the surplus or deficit of the Charity for that period. In preparing those financial statements the Board of Trnstees have.. Selected 5uiiable accouniing policies atld applied them con51Stcntly, Made judgments and esiiniat¢s that are riasonable and prudent, Stated whether applicable a¢counting standards have been followed. subject to any material dcpartuies disclosed and explained in the financial Slatemcnis; and PrepaTed the fsnancial statements on a goittbp concern basi5 lunless it 15 Lnappropriate to presume ihat the Charity will continue in operation). The Board of Trusieeb has ovcrall responsibility for ensuring thai thc ChJrily has an appropriat¢ System of controls, flnancial and otherwise. They are also responsible for kceping propcr a¢¢ounting records which disclose with reasonable a¢curacy at any time ihe flnancial posiliort of the Charity and enable them to ensure that the financial siaieTnents comply w'ith the ChaTities Act 2011. They are also rcsponsible for safeguarding the assets of the Chariiy and h¢nce for tak￿8 r¢asonablt steps for ihc detection and prevcntion of fraud and other i￿egUl￿11les. The Board of Trnstees is responsible for the maintenance and integrity of the corporate and financial inf0M￿tiOn. Legi%lation in the United Kingdom goveming ihe preparation and dissemination of financial siatements may differ from legislation in other jurlsdictions. Siatement of disc105ure of infottnalion to independent cxaminer We, a5 thc Tn￿te¢S of the Charity who held offite at thc date of approval of these fjnancial statements as sei oui on page 2 each confirni, so for as we are aware. that.. There is no relevant inforn)ation of which ihe Charity's indel￿ndent examiner are unaware,. and we hake iakcn all the steps that we ought lo have taken as Trustces li] order to make ourselves aware of any relevant inforn)ation and to establtsh that the charity's independeni examiner 15 aware of that information. IndependeDt ExamiDer: The Ch)nty'5 indep¢ndeni eKamincr, A¢¢ouniing Assist Ltd- Clo Good to Give Ltd, h&s indicaod their willingness io offer th¢mselves for appointmeni. This report wa5 approved by the Trustees on and signed on their behalf by.. Signatu ## **INDEPENDENT EXAMINER`S REPORT FOR THE YEAR ENDED 31 DECEMBER 2024** ## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CELESTIAL CHURCH OF CHRIST OASIS OF GRACE (CHRIST CHURCH)** I report on the financial statements of the charity for the year ended 31 December 2024 which comprise the Statement of Financial Activities and Balance Sheet with associated notes. This report is made solely to the charity's Trustees, as a body, in accordance with section 145 of the Charities Act 2011 and regulations made under section 154 of that Act. My work has been undertaken so that I might state to the charity's Trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my examination work. ## **RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER** The charity's Trustees are responsible for the preparation of the financial statements, and they consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the Act) and that an independent examination is needed. It is my responsibility to: - Examine the accounts (under Section 145 of the Charities Act); - To follow the procedures laid down in the General Directions given by the Charity Commissioners (under Section 145(5)(b) of the Charities Act); and - To state whether particular 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 Group/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:  to keep accounting records in accordance with section 130 of the Act; and - to prepare financial statements which accord with the accounting records and comply with the accounting requirements of the Act have not been met; or - 2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached. **Signed: Dated:** 31/10/2025 ## **Anum Hassan, FCCA** On behalf of Accounting Assist Ltd **6 |** P a g e ## **STATEMENT OF FINANCIAL ACTIVITIES (Incorporating income and expenditure account) FOR THE YEAR ENDED 31 DECEMBER 2024** **----- Start of picture text -----**
Unrestricted Restricted Total Funds Total Funds
2024 2024 2024 2023
Notes £ £ £ £
Incoming resources
General offerings 37,915 - 37,915 27,275
Other 38,224 - 38,224 37,552
Gift Aid 411 - 411 1,520
Total Incoming resources 01 76,550 0 76,550 66,347
Resources expended
Direct charitable expenditure 02 88,193 - 88,193 65,663
Governance costs 03 1,766 - 1,766 1,205
Total Resources expended 89,959 0 89,959 66,867
Movement in total fund for the
year- Net income / -13,409 0 -13,409 -521
(expenditure) For the year
Fund balance brought forward 22,685 10,540 33,225 33,746
Fund balance carried forward 9,276 10,540 19,816 33,225
**----- End of picture text -----**
**7 |** P a g e BALtYCE SHEET AS AT 31 DECE%IBER 2024 2024 2024 2023 202J FIXED ASSETS 4•tos Buildknjg InwvemenTS 9J22 CURRENT ASSETS Dcbiors 10563 10563 Casb at baok 14346 15.143 25.108 CREDITORS: anK>unts fallir du¢ within one ycaT 2.971 1,205 NET CURREhT ASSETS IL173 23.904 P4ET ASSETS 19*17 33,225 CHARITI. FU.YDS Lnrestridcd fllnd5 9276 10540 22.685 10,540 Bvildm8lWelfare Fw TOTAL FUTr•DS 19J16 33.225 Th¢ financÈal staiemcnts were approved by the Trus1tt5 and signed on their beha]f. by.. Signa Date... The notes on pages 9- 1 I forni pan of these financial statements ## **NOTES TO THE FINANCIAL STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2024** ## **1. ACCOUNTING POLICIES** ## **1.1 Basis of preparation of financial statements** The financial statements have been prepared under the historical cost convention and in accordance with FRS 102 Section 1A ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’. The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP) FRS 102, second edition effective January 2019) ## **1.2 Fund accounting** General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity and which have not been designated for other purposes. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund are set out in the notes to the financial statements. ## **1.3 Incoming resources** All incoming resources are included in the Statement of financial activities when the charity has entitlement to the funds, certainty of receipt and the amount can be measured with sufficient reliability. Donated services or facilities, which comprise donated services, are included in income at a valuation which is an estimate of the financial cost borne by the donor where such a cost is quantifiable and measurable. No income is recognised where there is no financial cost borne by a third party. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. ## **1.4 Resources expended** Expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities, they have been allocated on a basis consistent with the use of the resources. Fundraising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management carried out at Headquarters. Governance costs are those incurred in connection with administration of the charity and compliance with constitutional and statutory requirements. **9 |** P a g e ## **NOTES TO THE FINANCIAL STATEMENT** _**(Continued)**_ **FOR THE YEAR ENDED 31 DECEMBER 2024** Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the yearend are noted as a commitment, but not accrued as expenditure. ## **1. VOLUNTARY INCOME** |**Donations from individuals**
**Donations to Building & Welfare Funds**
**Rent**
**Gift Aid**
**Interest**
**Total Income**|**2024**
**£**
37,915
-
38,167
411
57
**76,550**|**2023**
**£**
26,065
1,210
37,494
1,520
58
**66,347**| |---|---|---| ## **2. DIRECT CHARITABLE EXPENDITURE** |**Rent**
**Rates**
**Donations**
**Insurance**
**Waste Services**
**Light & Heat**
**Telephone**
**Marketing**
**Priest Expenses**
**Depreciation**
**Repairs & Maintenance**
**Sundry Expenses**
**Total**|**2024**
**£**
72,353
4,749
474
-
2,370
4,408
565
-
-
1,678
1,000
595
**88,193**|**2023**
**£**
44,515
2,845
3,569
4,922
1,362
2,750
809
179
2,118
2,406
-
546
**65,663**| |---|---|---| **10 |** P a g e ## **NOTES TO THE FINANCIAL STATEMENT** _**(Continued)**_ **FOR THE YEAR ENDED 31 DECEMBER 2024** ## **3. GOVERNANCE COSTS** |**Support Costs – Governance**
**Total**|**2024**
**£**
1,766
**1,766**|**2023**
**£**
1,205
**1,205**| |---|---|---| ## **4. TRUSTEE EXPENSES** There were no trustee expenses for the year ending 2024 or 2023. ## **5. BUILDING IMPROVEMENTS** |**Cost**
**Depreciation**
**Net Book Value**
**DEBTORS:**
**Rent Deposit**
**CREDITORS:**
**Amount Falling Due Within One Year:**
**Accruals**|**2024**
**£**
**9,322**
**1,678**
**7,644**
**2024**
**£**
**10,563**
**2024**
**£**
**2,971**|**2023**
**£**
**11,368**
**2,046**
**9,322**
**2023**
**£**
**10,563**
**2023**
**£**
**1,205**| |---|---|---| ## **6. DEBTORS:** ## **7. CREDITORS:** **11 |** P a g e