## **CELESTIAL CHURCH OF CHRIST CHRIST TRANSFORMATION PARISH FINANCIAL STATEMENT FOR THE YEAR ENDED 24th FEBRUARY 2022** ## **CELESTIAL CHURCH OF CHRIST CHRIST TRANSFORMATION PARISH FINANCIAL STATEMENT FOR THE YEAR ENDED 24th FEBRUARY 2022 Reports and Accounts** CONTENTS Company 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 CHRIST TRANSFORMATION PARISH FINANCIAL STATEMENT FOR THE YEAR ENDED 24th FEBRUARY 2022** **CHARITY REGISTRATION NUMBER IN ENGLAND AND WALES** **1183201** ## **CELESTIAL CHURCH OF CHRIST CHRIST TRANSFORMATION PARISH FINANCIAL STATEMENT FOR THE YEAR ENDED 24th FEBRUARY 2022** ## **Charity Information** ## **THE MANAGEMENT COMMITTEE:** ## **Trustees** Rev Olayide Oluwaseun Akinyele Victoria Olushola Adebiyi ## **Charity Number** 1183201 ## **BUSINESS OFFICE** 99 Green Lanes Hounslow TW4 6BW ## **BANKERS** Barclays Bank Harrow 355 Station Road HA1 2WA ## **CHARITY CONSULTANT** NOVELTY BUSINESS SOLUTION SUITE 124, ISLAND BUSINESS CENTRE 18-36 WELLINGTON STREET WOOLWICH LONDON SE18 6PF ## **CELESTIAL CHURCH OF CHRIST CHRIST TRANSFORMATION PARISH FINANCIAL STATEMENT FOR THE YEAR ENDED 24th FEBRUARY 2022** The Trustees present their report and the financial statements for the year ended 24th February 2022 ## **Activities in the year** We continue to promote the gospel of God and to spread the good news to all. The apparatus used for this purpose includes regular fellowship, ministering the word, training of disciples, organising conferences and retreats. ## **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: Rev Olayide Oluwaseun Akinyele Victoria Olushola Adebiyi ## **Prospects** The Parish was able to secure a lease with the landlord and the church is now settled in the new premises. ## **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: Rev. O O Akinyele Victoria Adebiyi Trustee Trustee ## **CELESTIAL CHURCH OF CHRIST CHRIST TRANSFORMATION PARISH FINANCIAL STATEMENT FOR THE YEAR ENDED 24th FEBRUARY 2022 INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CELESTIAL CHURCH OF CHRIST TRANSFORMATION PARISH** I report on the accounts of the Trust for the period ended 24th February 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 particulate 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: - 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 2. to which, in my opinion, attention be drawn to enable a proper understanding of the accounts to be reached. Novelty Business Solution Suite 124, Island Business Centre 18-36 Wellington Street Woolwich London SE18 6PF ## CELESTIAL CHURCH OF CHRIST CHRIST TRANSFORMATION PARISH Statement of Financial Activities for the period ended 24th February 2022 **2022 2021** Notes Unrestricted Restricted Total £ £ £ £ **Incoming Resources** Tithes, Offerings & 1 Similar Incoming Resources 15,623 - 15,623 11,981 Education Grant - 9,850 Gift Aid Received - 1,114 1 - Donations 4,377 4,377 **Total Incoming Resources 20,000 0 20,000 22,945 Charitable Resources Expended** Direct Charitable expenses 2 6,540 - 6,540 5,300 - Management & Administration 4 13,200 13,200 17,578 **- Total Resources expended 19,740 19,740 22,878** Net Incoming Resources for the year 260 - 260 67 Funds Brought Forward 67 - 67 325 Fund Balances carried forward **327 327 392** All disclosures relate to the continuing operations. There are no recognised gains or losses other than those disclosed above. CELESTIAL CHURCH OF CHRIST CHRIST TRANSFORMATION PARISH Balance sheet as at 24th February 2022 2022 2021 Notes £ £ £ £ **FIXED ASSETS** Tangible Fixed Assets - - - - **CURRENT ASSETS** Cash in Hand/ Bank 984 742 984 742 **CURRENT LIABILITIES** Amount falling due within a year 5 350 350 NET CURRENT ASSETS 480 392 **NET ASSETS 480 392 ACCUMULATED FUNDS** Unrestricted 6 480 392 **480 392** - Approved by the Trustees and Signed on their behalf: Rev O.O Akinyele ## CELESTIAL CHURCH OF CHRIST CHRIST TRANSFORMATION PARISH Notes to the financial statements for the year ended 24th February 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. DIRECT CHARITABLE EXPENDITURE** This comprises all expenditure directly related to the objects of the of the charity. It also includes the expenditure in support of that activity where material. 2022 2021 £ £ Harvest Expenses 2100 1400 Education Sponsorship 4440 3900 **6540 5300** **3. MANAGEMENT AND ADMINISTRATION** Legal and Professional fees 860 770 Travel/Transport 0 0 Rent 11200 15,310 Repairs & Maintenance 80 43 Church Expenses 780 1,105 Accountancy fee 280 350 **13,200 17,578 4. LIABILITIES** This represent the accountancy fees. - - Loan from third Parties 350 350 **350 350** ## **5. 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 ## **6. RESTRICTED FUNDS** Restricted funds are used for the purpose as specified by the donor. Expenditure that meets these criteria is identified to the fund.