CELESTIAL CHURCH OF CHRIST CHRIST TRANSFORMATION PARISH
FINANCIAL STATEMENT FOR THE YEAR ENDED 24th FEBRUARY 2023
EMMANUEL STEPHENS & CO. CHARTERED ACCOUNTANTS, BUSINESS ADVISERS & CONSULTANTS 62 BEECHWOOD ROAD, LONDON E8 3DY
CELESTIAL CHURCH OF CHRIST CHRIST TRANSFORMATION PARISH FINANCIAL STATEMENT FOR THE YEAR ENDED 24th FEBRUARY 2023
CHARITY REGISTRATION NUMBER IN ENGLAND AND WALES
1138577
CELESTIAL CHURCH OF CHRIST CHRIST TRANSFORMATION PARISH FINANCIAL STATEMENT FOR THE YEAR ENDED 24th FEBRUARY 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 CHRIST TRANSFORMATION PARISH FINANCIAL STATEMENT FOR THE YEAR ENDED 24th FEBRUARY 2023 Charity Information
THE MANAGEMENT COMMITTEE:
Trustees
Rev Olayide Oluwaseun Akinyele Victoria Olushola Adebiyi
Charity Registration No: 1183201
BUSINESS OFFICE
99 Green Lanes Hounslow TW4 6BW
BANKERS
Barclays Bank Harrow 355 Station Road HA1 2WA
ACCOUNTANTS
EMMANUEL STEPHENS & CO. 62 BEECHWOOD ROAD LONDON E8 3DY
Page 1
CELESTIAL CHURCH OF CHRIST CHRIST TRANSFORMATION PARISH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 24TH FEBRUARY 2023
The Trustees present their report and the financial statements for the year ended 24th February 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, training 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:
Rev Olayide Oluwaseun Akinyele Victoria Olushola Adebiyi
Prospects
The Church pursued the objects of the charity throughout the year, we succeeded in winning more souls for Christ and we consolidated on the current structure of the charity.
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
Page 2
CELESTIAL CHURCH OF CHRIST CHRIST TRANSFORMATION PARISH INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CELESTIAL CHURCH OF CHRIST CHRIST TRANSFORMATION PARISH
I report on the accounts of the Trust for the period ended 24 February 2023, which are set out on pages 4 to 7.
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:
-
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
- 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 CHRIST TRANSFORMATION PARISH
Statement of Financial Activities for the period ended 24th February 2023
| Notes Income Tithes & Offerings Building Fund Direct Charitable Expenditure Rent Payable Education Sponsorship Repairs & Maintenance Church Expenses Printing Postage & Stationery Telephone Honorarium Pastoral Dues Donations Cleaning Expenses Spiritual Materials Harvest Expenses Bank Charges Legal & Professional fees Accountancy Charitable Donations Depreciation of Musical Equipment Operating Surplus/(Deficit) Other Income & Expenses Bank Deposit Interest Net Surplus/(Deficit) for the Year Balance brought forward Accumulated Surplus/(Deficit c/fwd |
£ £ £ £ 33,141 15,623 146 4,377 33,287 20,000 15,800 11,200 5,415 4,440 169 80 3,559 780 2 14 375 - 114 381 322 704 2,100 - 1,995 860 350 280 - 672 - 29,872 19,740 3,415 260 0 0 3,415 260 480 220 3,895 480 2023 2022 |
£ £ £ £ 33,141 15,623 146 4,377 33,287 20,000 15,800 11,200 5,415 4,440 169 80 3,559 780 2 14 375 - 114 381 322 704 2,100 - 1,995 860 350 280 - 672 - 29,872 19,740 3,415 260 0 0 3,415 260 480 220 3,895 480 2023 2022 |
|---|---|---|
| 20,000 19,740 260 0 |
||
| 260 220 |
||
| 480 |
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 CHRIST TRANSFORMATION PARISH
| Balance sheet as at 24th February 2023 Notes FIXED ASSETS Tangible Fixed Assets 8 CURRENT ASSETS Debtors Cash in Hand/ Bank CURRENT LIABILITIES 5 NET CURRENT ASSETS NET ASSETS ACCUMULATED FUNDS Unrestricted 6 Amount falling due within a year |
£ £ £ £ 2,689 - 2,689 - - - 1,556 830 1,556 830 350 350 1,206 480 3,895 480 3,895 480 3,895 480 2023 2022 |
£ £ £ £ 2,689 - 2,689 - - - 1,556 830 1,556 830 350 350 1,206 480 3,895 480 3,895 480 3,895 480 2023 2022 |
|---|---|---|
| 1,556 350 |
||
| 480 | ||
| 480 | ||
| 480 |
Approved by the Trustees and Signed on their behalf:
Page 5
CELESTIAL CHURCH OF CHRIST CHRIST TRANSFORMATION PARISH
Notes to the financial statements for the period ended 24 February 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) | 2023 | 2022 | |
|---|---|---|---|
| £ | £ | ||
| Operating deficit is after charging: | |||
| Depreciation written off on tangible fixed assets | 672 | - | |
| 3.DEBTORS | 2023 | 2022 | |
| £ | £ | ||
| Other Debtors | - | - |
4.DEPRECIATION
This has been provided at the following rates in order to write off the assets over their estimated useful lives
| Furniture, Fixtures & Fittings | 20% on reducing balance basis | |
|---|---|---|
| 2023 | 2022 | |
| 5. LIABILITIES | £ | £ |
| This represent the accountancy fees. | 350 | 350 |
| Others | - | - |
| 350 | 350 |
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
| 8. FIXED ASSETS | ||
|---|---|---|
| Cost At 25 February 2022 Additions in the year At 24 February 2023 Depreciation At 25 February 2022 Additions in the year At 24 February 2023 Net Book Values At 24 February 2023 At 25 February 2022 |
Musical Instrument £ - 3,361 3,361 - 672 672 2,689 - |
Total £ - 3,361 |
| 3,361 | ||
| - 672 |
||
| 672 | ||
| 2,689 | ||
| - |
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