BETA Having problems on this page? Your foodkaGk will help us to improve it. O You wlll bè logged out after 30 minut85 of inactivity. Messages (IgrougueSvnot1ficathQl A(>Unt Ilgrouplgue5Vmy-detsilsl Sign out Ilclportalllogoutl Lancei Print Charity Commission Annual Return 2024 CELESTIAL CHURCH OF CHRIST EVERLASTING GLORY OF GOD PARISH Charity règistrab.on nurnr.. 1183911 Most of the Informatlon you glve In thls form wlll become publlcly avallable on the Reglster of Charitieg. Any field that the Charity Commiss•on will not display will be clearly marked. Thls documènt 18 a r•eord of th• Informatlon provld•d In the Annual Raturn 2024. PART A- Charity information Financial period Flnanelal rlod start date 0110812023 Flnanel81 yrlod •nd dat• 3110712024 Income and spgndlng Incom• £ £ 29,285 ndln £ 26,875 Numbèr ol eontraet8 from gov•mm•nt How rn•ny rontr•ct¥ lolh•r th•n grnTrl •gro•ffl•ntsl ywr cknrtty r•0¥• from c•ntr•l gov•rnm•nt or a local auth•rlty dwrlmg the finathclal perlod lor th1• retsrn? Number of grants from government How many gran1• dld your ch•rfty recdwe from cortrnl gov•vnmwrt or a local ahorIty durlng Iho Ilmnclal rlod lor thls In¢ome breakdown Donatlons and 18 clo8 oxcludln Endowments Rocefjved Charltable actlvlde8 116
Other tradln acUvOtle8 In¥6stmonts Other £ 29.285 Grantmaklng rant makin th• main w R•clpl8nts of grants Pl¢aM round all figur¢• to thfr near•¥l pound (do not ent•rdKknal polnts orcommo•l. Indlvltlua18 Othor charltlel Othor oryanlsatlons that ar• not chèrfjllo8 Trusteg P8ymont$ Excludlng of pocknt •xp•nw•• for wh•t w•r• •ny ol th• tru•l••s p•ld duvlnq th• fln•nclal p•rlod fo th1• r•tun7 ?. None ol iha Irusiees have been paid Dld any th• Iru•t••• r••lgn and tak• up •fflploym•nt wlth your dwrlty In th• flnanclal p•rlod of th1• r•tsrn? No Income from QLrtslde the UK Dld your eharlty r•c•fv• Incoffl• from •utsld• of th• Unll•d Klngdoffl In the fln•nelal p•rlod of Ihl• No Dellverlng actlvltles outslde the Unlted Klngdom Dld your charlty delO¥er charltable actlvltle• oulslde ot the Uthlted Klngdom In the flthanclal perfod Of this roturn? No Spendlng outslde of the Unlted Klngdom r charl nd funds 4)utslde of the Unlted Kl the Ilmnclal od tsf thls return7 No Total Spendlng out8lde of the Unlted Kingdom Trading 5ubsidiarie$
Doe8 tho charl have a No subsldlavles? Charity contact detai15 correct l¥ the contact dis Yes ist•r of ¢haii¢i• ¢QTr•¢t7 Charlty headquarters detalls correct l thls the samè addre# that you use as your admlnltratlvÈ hÈad4uarter? Charity contact addT•SS Addr888 Lln• 1 81 NOEL STREET Addr888 Lln• 2 LEICESTER Addr•88 Lln• J Addr•88 Lln• 4 Addre68 Lln• 5 Posteodo LE3 OOT Count Charlty Headquarters addr9¥9 Addr•88 Llne 1 81 NOEL STREET Addre88 Llne 2 LEICESTER AddM88 Llne 3 Addre88 Llne 4 Addre88 Llne S Postc¢)do LE3 ODT Count
Membership type reha rt ol a wlder structure twlth a no, th8 charity is not part of a Wer group siruciure and swbsldlav bodles? Employment contract types Pèo lè r• èrmanènt èm èd our eharf People were on fixed.terms contracts wlth your charlty Self-em lo ed l? were workin for our cha Gov•rnanc8 pdlcl•g Irbternal rh¥rl flnincl•l controls Ye5 roredure• S•f Ye$ U4rdln Po11¢
nd proudu
Fln4n¢l•l rM•ry•s Ye$ rts¢•dur•• Com Y85 l•lnts 11 •nd roudur•• S•rlou¥ Inrld•nt r•portln Yes pollcy and prody Intsrn•l rlsk m•n• m¢n¢ Ye5 oredur•• Tru$t•• •xp•n¥•• poll¢ Ind pro¢•durn• Yes Trust•• nn1¢t* 01 int•r•#t Ye5 and roc•duMs Inv9$11n Y&5 hari and rowlurg Carnpalgn$ and polilkal a¢llvity pollGy and proGedures Y&$ Bul Yes nd harassmEnl poll Social media policy and procedures Yes En Yes èxiernal s kÈrs at cha tvents and Safeguarding Has your charlty provlded sevvlces to chlldren andlor adulls at rlslt On the IIMncOal per1od ol the r•turn?
No Serious Incidents Ha8 your charlty reported all Serlou$ lthcldents {IncludOny amy hl8torfcal Incldentsl that the charlty b•came awaro of duri¥ th• financial There were no incidents lo report External rlsk and Impact UnknownlNo ChangèlNotAptAI(b Oth•r Inconb•- rants UnknownlNo ch8n9elNoiAp1c8b Othor Incom•- contract• UnknownlNo Ch8ngelNoiAppli&qb Oth•r Ineom•- IbW•tm•nt UnknownlNo ChangelNotApplicab •ndltur• ofi ¢h•rll•hl• a¢tlvltl UnknownlNo ChangelNotApJicab Exp•ndlts•r• ¢Mrh•d¥ UnknownlNo Change1NOtApicab Numts•r of volunt••r• UnknowrVNo Change1NotApIe•b Numb•r of •mploy• UnknowrVNo ChangelNotAprAi¢ab Numb•r of trnJt••# UnknownlNo Ch8ngelNotApyicab Fundralsln •ctlvltle• UnknownlNo Ch8ngelNotApWicab aclt to d•ll¥er s•rvlc•¥ UnknownlNo ChangelNolApplir2ble Tolal o•vvlce d•mand UnknowThlNo Change1N0tAp1c4b VoluntO8rs Excludlng tThstOeS? provlde estlmto of the numbor of volunteers Tmho c#rrfed out charltabl• actlvltles on ljehalf ol yOr eharoty In the Unlted Klngdom durlng the flnanclal perlod of th08 return? Privacy ststement Any information you give us will be held securely and processed only in accordance with the rule on data protection. We will not disclose your personal details to anyone unconnected to the Charity Commi55ion unles5: you hav• consented to thelr release. or
we are legally obliged to dixlose them: or we regard disclosure as either (a) necessary so that we can properly carry out our statutory functions or (b} necessary in the public interesL We may share and disclose information about you with relevant public authorities regulatory bodies and agenci•* outside tho Charity Commission but only lfr. wè can lawfully do so: and we decide that disclosure is necessary for national security? crime detection prevention and law enforcement or other issues in the public interest Informatlon w• coll•et alM)Ut you We will use this information: To •nabl• us to carry out our statutory funetlons and dutl••• Thls wlll Include the tollowlng actlons: lal updat•, consolldat•, and Improv• th• accuracy of our r•cords' Ib} und•rtak• crfm• d•t•¢tlon and pr•v•ntlon and law •nforc•m•nt and a••lst th• thlrd parlles sp0clll•d abov• to Inv••tlgat• or prw•nt crlm• and carry out law onforcement" Icl data analysls, t•stlngi r•s•arch, statlstlcal and surv•y purpos•s Inlormallon w• r•c•lv• from oth•r sourc••. Informatlon w• r•c•lv• from oth•r •ourc•s We moy ¢ombln• th1$ Inform•tlon wlth Infovmatlon you glve to U• ond Informotlon w• collect about you. We may use thls Informatlon and the comblned Informatlon for th• purpos•s s•t out above {d•pondlng on th• typos of Inlormatlon w• r•c•lv•). We wlll ensure that any su¢h dl$¢losure and use 1$ proportlonate: con$lders your rlght lo r•$p•¢l for yoyr prlvate life: ond 0$ done falrly and lawfully In •¢¢ord8n¢• wlth th• data prot•¢tlon prln¢lpl•• of the Data Protectlon ACL Th• Data Prot•ctlon Act 1998 regulates the use of 'personal data., whlch Is •ssontlally any Informatlon. how•v•r stor•d, about Identlfiablo Ilvlng Indlvlduals. As a 'd•ts conlrollerf under the A¢t. the Charlty Commlsslon must ¢omply wlth It. Any changes we may make lo our privacy staternent in the fvtyre will be set out In the replacement verslon of thls forni. Pl•ase ch•ck back fr•qu•ntly to any updates or changes to our prlvacy pollcy. Declaration Thls annual r•turn has not b•en SubmItt and M• Deelaratlon has been mad•
CELESTIAL CHURCH OF CHRIST EVERLASTING GLORY OF GOD PARISH
Registered Charity Number: 1183911
TRUSTEES' REPORT AND ACCOUNTS FOR THE YEAR ENDED 31ST JULY 2024
ASAMAI CONSULTING LIMITED ACCOUNTANTS, TAX & BUSINESS ADVISORS 12 BRITON STREET LEICESTER LE3 0AA
Tel: 01163195972 Fax: 01162252154 Fax: 07723363184
CELESTIAL CHURCH OF CHRIST EVERLASTING GLORY OF GOD PARISH
CONTENT
| Page | |
|---|---|
| Trustees and Advisers | 1 |
| Trustees' Report | 2 &3 |
| Independent Examiner`s Report to the Trustees | 4 |
| Statement of Financial Activities | 5 |
| Balance sheet | 6 |
| Notes forming part of the Financial Statement | 7 to 13 |
CELESTIAL CHURCH OF CHRIST EVERLASTING GLORY OF GOD PARISH
LEGAL AND ADMINISTATIVE INFORMATION
Trustees: Evangelist Festus Olufemi Akintunde Ms Olabisi Ayeye Ms Adebola Olufunke Awodola Ms Eniola Ogunbameru Registered Office: Unit 14, Ground Floor Faircharm Trading Estate Evelyn Drive Leicester LE3 2BU Charity No. 118391 Bankers: Lloyds Bank Accountants ASAMAI CONSULTING LIMITED ACCOUNTANTS, TAX & BUSINESS ADVISOR 12 BRITON STREET LEICESTER LE3 0AA
1
CELESTIAL CHURCH OF CHRIST EVERLASTING GLORY OF GOD PARISH TRUSTEES REPORT
The Trustees have pleasure in submitting their report and accounts for the year ended 31st July 2024. The financial statements have been prepared in accordance with the accounting policies set out on pages 7 to 8 and comply with the statement of Recommended Practice (SORP March 2005), and the applicable law.
Structure, Governance and Management
Constitution
The Charity is constituted under a Trust Deed dated 11 December 2018 and Charity is number 1181113, on the central register of the Charity Commission of England and Wales.
The principal objectives of the Charity is to reach the disadvantaged young women and empowered their lives through robust sustainable long-term support/engagement.
Method of Appointment or Election of Trustees
The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust Deed.
Organisational Structure and Decision Making
The Charity is organised so that the trustees meet regularly to manage its affairs.
Related Party Relationships
There are no related party relationships during the period under review
Development activities and achievements in the year
See the trustee's report attached
Risk Policy
The Trustees have assessed the major risks to which the Charity is exposed, particularly those relating to the operations and finance and are satisfied with the risk management systems in place to mitigate any risk exposure.
Future Developments
See the trustee's report attached
Review of financial Position
The net incoming resources for the year amounted to £2,410(Year 2023 was £832). All these have been unrestricted reserves and no fund is allotted to restricted projects.
2
CELESTIAL CHURCH OF CHRIST EVERLASTING GLORY OF GOD PARISH TRUSTEES REPORT CONTINUED
Reserve Policy
The trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets [the free reserves] held by the charity should be 3 months of annual expenditure. At this level, the trustees feel that they would be able to continue the current activities of the charity in the event of significant drop in funding.
Principal Funding
This is provided mainly by the members of the Church the Metropolitan Housing.
Statement of Trustees’ Responsibilities
The Charities Act requires the Trustees to prepare financial statements for each financial year, which give a true and fair view of the surplus or deficit of the charity for that period. of the state of affairs of the charity and In preparing those financial statements, the trustees are requested to:
-
I Select suitable accounting policies and then apply them consistently;
-
ii Make judgements and estimates that are reasonable and prudent; iii State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements;
-
iv Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 1993 [as amended by Act 2006]. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Trustees and other information
The members of the Board of Trustees who served during the year were:
Evangelist Festus olufemi Akintunde Ms Olabisi Ayeye Ms Adebola Awodola Ms Eniola Ogunbameru
This report was approved by the Board of Trustees on the 25 May 2025 and signed on its behalf by: Evangelist Festus Akintunde (Chair)
Secretary to the Board Of Trustees
3
INDEPENDENT EXAMINER`S REPORT TO THE TRUSTEES OF CELESTIAL CHURCH OF CHRIST EVERLASTING GLORY OF GOD PARISH
We report on the financial statements of the charity for the year ended 31st July 2024 which are set out below and notes to the financial statements on pages 7 to 13
Respective Responsibilities of Trustees and Examiners
As the charity`s Trustees, you are responsible for the preparation of the accounts; It is our responsibility to state on the basis of procedures specified in the general directions given by the charity commissioners under section 43 (7) of the act, whether particular matters have come to our attention.
Basis of Independent Examiner`s Report
Our examination was carried out in accordance with the general directions given by the charity commissioners. An examination includes review of accounting records kept by the Trustees and a comparism of accounts presented with those records.
It also includes consideration of any unusual items or disclosures in the accounts and seeking explainations from you as the Trustees concerning any such matters.
The procedures undertaken do not provide all the evidence that would be required in an audit and consequently we do not express an audit opinion on the view given by the accounts.
Independent Examiner`s Statements
In connection with the examination, no matter has come to our attention:-
-
1) Which give us resonable cause to believe that in any material respect the requirements (I) to keep accounting records in accordance with section 41of the Act and
-
(ii) to prepare accounts which accordwith the accounting records and to comply with the accounting requirements of the Act have not been met or
-
2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accountto be reached
Mr. Christopher Jarjou, MSc MBA FCCA CPFA FFTA FFA CHIEF EXECUTIVE OFFICER ASAMAI CONSULTING LTD ACCOUNTANTS, TAX & BUSINESS ADVISORS
Dated : 25th May 2025
4
CELESTIAL CHURCH OF CHRIST EVERLASTING GLORY OF GOD PARISH STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31St JULY 2024
| NOTES INCOMING RESOURCES Incoming resources from generated funds: Voluntary income 2 Investment income 3 Total Incoming Resources RESOURCES EXPENDED Charitable activities 8 Governance Costs 4 Total Resources Expended 7 Net Movement in funds Total Funds Brought Forward Total Funds Carried Forward |
UNRESTRCTED FUND RESTRICTED FUND TOTAL FUND TOTAL FUND 2024 2023 £ £ £ £ 29,285 - 29,285 11,798 - - - - 29,285 - 29,285 11,798 - 26,575 - 26,575 10,666 300 - 300 300 26,875 - 26,875 10,966 2410 - 2410 832 8,112 - 8,112 7,280 10522 - 10522 8112 |
|---|---|
There were no recognised gains or loses for the period other than those included in the statement of Financial activities
The notes on pages 7 to 13 form part of these accounts.
5
CELESTIAL CHURCH OF CHRIST EVERLASTING GLORY OF GOD PARISH BALANCE SHEET AS AT 31 JULY, 2024
| NOTES 2024 £ £ FIXED ASSETS Tangible Fixed Assets 10 2500 2,500 CURRENT ASSETS Cash at Bank and in Hand 7,072 Debtor 9 - 7,072 LESS CREDITORS Amounts falling within one year 11 300 - NET CURRENT ASSETS 6,772 LESS CREDITORS Less Amounts falling due after more than one year 12 - TOTAL ASSETS 9,272 CHARITY FUNDS Restricted Funds 13 - Unrestricted Funds 13 9,272 9,272 Aproval by the Board of Trustees on the 25th May 2025 and signed on its behalf by: |
2023 £ 3,750 4,662 - |
|---|---|
| 4,662 300 4,362 - |
|
| 8,112 | |
| - 8,112 |
|
| 8,112 | |
Festus Akintunde______
EVANGELIST FESTUS AKINTUNDE (Board of Trustees) The notes on pages 7 to 13 form part of these accounts.
6
CELESTIAL CHURCH OF CHRIST EVERLASTING GLORY OF GOD PARISH NOTE TO THE ACCOUNTS FOR THE YEAR ENDED 31ST JULY 2024
-
1 Accounting Policies
-
1.1 Basis of preparation of accounts
The accounts are prepared under the historical cost convention, with the exception of investment which are included at market value and include the results of the Charity operations which are described in the Trustees' Report and all of which are continuing.
The accounts have been prepared in accordance with the Statement of Recommended Practice (SORP March 2005) For Charity Accounts and the Charities Act 1993 [as amended by Act 2006] The Charity has taken advantage of the exemption in Financial Reporting Standard No. 1 from the requirement to produce a cashflow statement on the grounds that it qualifies as small charity.
- 1.2 Tangible Fixed Assets for use by the Charity and Depreciation
All fixed assets costing £250 or more are capitalised at cost. Tangible fixed assets for use by the Charity are stated at cost less depreciation.
Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Freehold Property | Nil | |
|---|---|---|
| Motor Vehicle | 25% | Reducing Balance |
| Fixtures & Fittings | 25% | Reducing Balance |
| Church Equipment | 25% | Reducing Balance |
| Computer Equipment | 20% | Reducing Balance |
1.3 Incoming Resources
The funders are the members of the church through the collections of offerings, tithes and Donations during Church services
7
CELESTIAL CHURCH OF CHRIST EVERLASTING GLORY OF GOD PARISH NOTE TO THE ACCOUNTS FOR THE YEAR ENDED 31ST JULY 2024
1.4 Value Added Tax (VAT)
Value Added Tax is not recoverable by the Charity, and as such is included in the relevant cost in the Statement of Financial Activities.
1.5 Resources Expended
Resources expended are included in the Statement of Financial Activities on accruals basis. Certain costs have been apportioned between Direct Charitable Expenditure and Management and Administration on bases consistent with the use of those resources.
Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grant being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to condtions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.
1.6 Funds Accounting
Funds held by the Charity are:
Unrestricted General Fund - 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 - which were raised for particular restricted purposes and can only be used for those particular restricted purposes within the objects of the Charity.The cost of raising and administering such funds are charged against the specific fund.
Investment income, gains and losses are allocated to the approprate fund.
8
CELESTIAL CHURCH OF CHRIST EVERLASTING GLORY OF GOD PARISH NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31ST JULY 2024
| 2. VOLUNTARY INCOME Members' Collections Total Voluntary Income 3. INVESTMENT INCOME Rental Income Bank Interest Receivable Total Investment Income |
Restricted Unrestricted Funds Fund 2024 2024 £ £ - 29,285 - - - - - - - |
Restricted Unrestricted Funds Fund 2024 2024 £ £ - 29,285 - - - - - - - |
Restricted Unrestricted Funds Fund 2024 2024 £ £ - 29,285 - - - - - - - |
Total Total Fund Fund 2024 2023 £ £ 29,285 11,798 - - - - - - - - |
|---|---|---|---|---|
| - | 29,285 | 29,285 11,798 |
||
| Restricted Unrestricted Funds Fund 2024 2024 £ £ - - - - |
Total Total Fund Fund 2024 2023 £ £ - - - - |
|||
| - | - | - - |
9
CELESTIAL CHURCH OF CHRIST EVERLASTING GLORY OF GOD PARISH NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31ST JULY 2024
| 4. GOVERNANCE COSTS Accountancy & Independent Examiners Legal and Professional Fees 5. DIRECT COSTS Wages & Salaries Pension P A Y E & NIC 6. SUPPORT COSTS Water Rate Rent Subscfiptions Printing, Postage and Stationary Telephone & Internet Insurance/Licences Sundry Expense Travel Expenses Electricity, Gas Consultancy Service Charge Staff Welfare Training & Development Repairs & Renewals General Welfare |
Restricted Funds 2024 £ - - |
Restricted Funds 2024 £ - - |
Unrestricted Fund 2024 £ 300 - |
Unrestricted Fund 2024 £ 300 - |
Total Total Fund Fund 2024 2023 £ £ 300 200 - - |
|---|---|---|---|---|---|
| - | 300 | 300 200 |
|||
| Basis of Allocation Actual Actual Actual Basis of Allocation Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual |
£ - - - |
Total Total 2024 2023 £ £ - - - - - - |
|||
| - | - - |
||||
| £ 17,280 - 140 - 427 143 1,482 300 4,200 - - - 2,903 - |
Total Total 2024 2023 £ £ - 17,280 1,966 - - 140 70 - - 427 267 143 50 1,482 150 - 300 200 4,200 - - - - - - - 2,903 2,013 - |
26,875 26,875 4,716
10
CELESTIAL CHURCH OF CHRIST EVERLASTING GLORY OF GOD PARISH NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31ST JULY 2024
7. ANALYSIS OF RESOURCES EXPENDED BY EXPENDITURE TYPE
| Direct & Support Cost Governance |
Depreciation Other Costs Total Total 2024 2024 2024 2023 £ £ £ £ 1,250 25,325 26,575 10,966 - 300 300 300 |
|---|---|
| 1,250 25,625 26,875 11,266 |
8. ANALYSIS OF RESOURCES EXPENDED BY ACTIVITIES
| Direct & Support Cost | Activities Undertaken Support Directly Cost Total Total [Note-5] [Note-6] 2024 2024 2024 2023 £ £ £ £ - 26,575 26,575 10,966 |
|---|---|
| - 26,575 26,575 10,966 |
The average number of staff employed by the Charity during the year was NIL (2023- NIL)
No Trustee has received remuneration in the year. No expenses have been reimbursed to any of the Trustees. No Employees whose emoluments exceeded £50,000. No Trustee received any benefit in kind
| 9. DEBTORS Due Within One Year Other Debtors Prepayments Accrued Income Due after more than one year Accrued Income Loan |
2024 2023 £ £ - - - - - - |
|---|---|
| - - - - - - |
|
| - - |
11
CELESTIAL CHURCH OF CHRIST EVERLASTING GLORY OF GOD PARISH (CONTINUED) FOR THE YEAR ENDED 31ST JULY 2024
| 10.TANGIBLE FIXED ASSETS Freehold & Property Motor Vehicle Equipmen F & Fittings Computer Equipment £ £ £ £ Cost At 1st August 2023 - 5,000 - - Additions - - - - Disposals - - - - At 31st July 2023 - 5,000 - - DEPRECIATION At 1st August, 2023 - 1,250 - - Charge for the year - 1,250 - - Disposal - - - - At 31st July 2023 - 2,500 - - NET BOOK VALUE AT 31ST JULY 2024 - 2,500 - - NET BOOK VALUE AT 31ST JULY 2023 - 3,750 - - The net book value of assets held under finance leases or hire purchase contracts, included above are as follows 2024 2023 £ £ Motor Vehicle 2,500 3,750 2,500 3,750 11. CREDITORS 2024 2023 £ £ Amount falling due within one year Accrued Expenses 300 200 Bank Overdrafts - - - - - - - - - - 300 200 12 |
Freehold & Property £ - - - |
Freehold & Property £ - - - |
Motor Vehicle £ 5,000 - - |
Equipmen F & Fittings £ - - - |
Equipmen F & Fittings £ - - - |
Computer Equipment £ - - - |
TOTAL £ 5,000 - - |
|
|---|---|---|---|---|---|---|---|---|
| - | 5,000 | - | - | 5,000 | ||||
| - - - |
1,250 1,250 - |
- - - |
- - - |
1,250 1,250 - |
||||
| - | 2,500 | - | - | 2,500 | ||||
| - | 2,500 | - | - | 2,500 | ||||
| - | 3,750 | - | - | 3,750 | ||||
CELESTIAL CHURCH OF CHRIST EVERLASTING GLORY OF GOD PARISH (CONTINUED) FOR THE YEAR ENDED 31ST JULY 2024
| 12. CREDITORS Amount falling after more than one year Acrued Expenses Other Creditors Creditors include amounts not wholly repayable within 5 years as follows: Repayable by instalments 13. STATEMENT OF FUNDS Unrestricted Funds General Funds- all funds Restricted Funds Building Fund Total of Funds SUMMARY OF FUNDS General Funds Restricted Funds 14. ANALYSIS OF NET ASSETS BETWEEN- FUNDS Tangible Fixed Assets Debtors Due after more than 1 Year Current Assets Creditors Due within one year Creditors Due in more than one year 15. RELATED PARTY TRANSACTIONS |
2024 2023 £ £ - - - - - - - 2024 2023 £ £ - - - - Brought Incoming Resources Carried Forward Resources Expended Forward £ £ £ £ 8,112 29285 26875 10522 - - - - - - - - |
|---|---|
| 8,112 29285 26875 10522 |
|
| Brought Incoming Resources Carried Forward Resources Expended Forward £ £ £ £ 8112 29285 -10966 26431 - - - - - - - - |
|
| 8112 29285 -10966 26431 |
|
| Restricted Unrestricted Total Total Funds Funds Funds Funds 2024 2024 2024 2023 £ £ £ £ - 2,500 2,500 3,750 - - - - - 7,072 7,072 4,662 - 300 300 300 - - - - |
|
| - 9272 9272 8112 |
|
13
CELESTIAL CHURCH OF CHRIST EVERLASTING GLORY OF GOD PARISH
Registered Charity Number: 1183911
TRUSTEES' REPORT AND ACCOUNTS FOR THE YEAR ENDED 31ST JULY 2024
ASAMAI CONSULTING LIMITED ACCOUNTANTS, TAX & BUSINESS ADVISORS 12 BRITON STREET LEICESTER LE3 0AA
Tel: 01163195972 Fax: 01162252154 Fax: 07723363184
CELESTIAL CHURCH OF CHRIST EVERLASTING GLORY OF GOD PARISH
CONTENT
| Page | |
|---|---|
| Trustees and Advisers | 1 |
| Trustees' Report | 2 &3 |
| Independent Examiner`s Report to the Trustees | 4 |
| Statement of Financial Activities | 5 |
| Balance sheet | 6 |
| Notes forming part of the Financial Statement | 7 to 13 |
CELESTIAL CHURCH OF CHRIST EVERLASTING GLORY OF GOD PARISH
LEGAL AND ADMINISTATIVE INFORMATION
Trustees: Evangelist Festus Olufemi Akintunde Ms Olabisi Ayeye Ms Adebola Olufunke Awodola Ms Eniola Ogunbameru Registered Office: Unit 14, Ground Floor Faircharm Trading Estate Evelyn Drive Leicester LE3 2BU Charity No. 118391 Bankers: Lloyds Bank Accountants ASAMAI CONSULTING LIMITED ACCOUNTANTS, TAX & BUSINESS ADVISOR 12 BRITON STREET LEICESTER LE3 0AA
1
CELESTIAL CHURCH OF CHRIST EVERLASTING GLORY OF GOD PARISH TRUSTEES REPORT
The Trustees have pleasure in submitting their report and accounts for the year ended 31st July 2024. The financial statements have been prepared in accordance with the accounting policies set out on pages 7 to 8 and comply with the statement of Recommended Practice (SORP March 2005), and the applicable law.
Structure, Governance and Management
Constitution
The Charity is constituted under a Trust Deed dated 11 December 2018 and Charity is number 1181113, on the central register of the Charity Commission of England and Wales.
The principal objectives of the Charity is to reach the disadvantaged young women and empowered their lives through robust sustainable long-term support/engagement.
Method of Appointment or Election of Trustees
The management of the charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Trust Deed.
Organisational Structure and Decision Making
The Charity is organised so that the trustees meet regularly to manage its affairs.
Related Party Relationships
There are no related party relationships during the period under review
Development activities and achievements in the year
See the trustee's report attached
Risk Policy
The Trustees have assessed the major risks to which the Charity is exposed, particularly those relating to the operations and finance and are satisfied with the risk management systems in place to mitigate any risk exposure.
Future Developments
See the trustee's report attached
Review of financial Position
The net incoming resources for the year amounted to £2,410(Year 2023 was £832). All these have been unrestricted reserves and no fund is allotted to restricted projects.
2
CELESTIAL CHURCH OF CHRIST EVERLASTING GLORY OF GOD PARISH TRUSTEES REPORT CONTINUED
Reserve Policy
The trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets [the free reserves] held by the charity should be 3 months of annual expenditure. At this level, the trustees feel that they would be able to continue the current activities of the charity in the event of significant drop in funding.
Principal Funding
This is provided mainly by the members of the Church the Metropolitan Housing.
Statement of Trustees’ Responsibilities
The Charities Act requires the Trustees to prepare financial statements for each financial year, which give a true and fair view of the surplus or deficit of the charity for that period. of the state of affairs of the charity and In preparing those financial statements, the trustees are requested to:
-
I Select suitable accounting policies and then apply them consistently;
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ii Make judgements and estimates that are reasonable and prudent; iii State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements;
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iv Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 1993 [as amended by Act 2006]. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Trustees and other information
The members of the Board of Trustees who served during the year were:
Evangelist Festus olufemi Akintunde Ms Olabisi Ayeye Ms Adebola Awodola Ms Eniola Ogunbameru
This report was approved by the Board of Trustees on the 25 May 2025 and signed on its behalf by: Evangelist Festus Akintunde (Chair)
Secretary to the Board Of Trustees
3
INDEPENDENT EXAMINER`S REPORT TO THE TRUSTEES OF CELESTIAL CHURCH OF CHRIST EVERLASTING GLORY OF GOD PARISH
We report on the financial statements of the charity for the year ended 31st July 2024 which are set out below and notes to the financial statements on pages 7 to 13
Respective Responsibilities of Trustees and Examiners
As the charity`s Trustees, you are responsible for the preparation of the accounts; It is our responsibility to state on the basis of procedures specified in the general directions given by the charity commissioners under section 43 (7) of the act, whether particular matters have come to our attention.
Basis of Independent Examiner`s Report
Our examination was carried out in accordance with the general directions given by the charity commissioners. An examination includes review of accounting records kept by the Trustees and a comparism of accounts presented with those records.
It also includes consideration of any unusual items or disclosures in the accounts and seeking explainations from you as the Trustees concerning any such matters.
The procedures undertaken do not provide all the evidence that would be required in an audit and consequently we do not express an audit opinion on the view given by the accounts.
Independent Examiner`s Statements
In connection with the examination, no matter has come to our attention:-
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1) Which give us resonable cause to believe that in any material respect the requirements (I) to keep accounting records in accordance with section 41of the Act and
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(ii) to prepare accounts which accordwith the accounting records and to comply with the accounting requirements of the Act have not been met or
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2) to which, in our opinion, attention should be drawn in order to enable a proper understanding of the accountto be reached
Mr. Christopher Jarjou, MSc MBA FCCA CPFA FFTA FFA CHIEF EXECUTIVE OFFICER ASAMAI CONSULTING LTD ACCOUNTANTS, TAX & BUSINESS ADVISORS
Dated : 25th May 2025
4
CELESTIAL CHURCH OF CHRIST EVERLASTING GLORY OF GOD PARISH STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31St JULY 2024
| NOTES INCOMING RESOURCES Incoming resources from generated funds: Voluntary income 2 Investment income 3 Total Incoming Resources RESOURCES EXPENDED Charitable activities 8 Governance Costs 4 Total Resources Expended 7 Net Movement in funds Total Funds Brought Forward Total Funds Carried Forward |
UNRESTRCTED FUND RESTRICTED FUND TOTAL FUND TOTAL FUND 2024 2023 £ £ £ £ 29,285 - 29,285 11,798 - - - - 29,285 - 29,285 11,798 - 26,575 - 26,575 10,666 300 - 300 300 26,875 - 26,875 10,966 2410 - 2410 832 8,112 - 8,112 7,280 10522 - 10522 8112 |
|---|---|
There were no recognised gains or loses for the period other than those included in the statement of Financial activities
The notes on pages 7 to 13 form part of these accounts.
5
CELESTIAL CHURCH OF CHRIST EVERLASTING GLORY OF GOD PARISH BALANCE SHEET AS AT 31 JULY, 2024
| NOTES 2024 £ £ FIXED ASSETS Tangible Fixed Assets 10 2500 2,500 CURRENT ASSETS Cash at Bank and in Hand 7,072 Debtor 9 - 7,072 LESS CREDITORS Amounts falling within one year 11 300 - NET CURRENT ASSETS 6,772 LESS CREDITORS Less Amounts falling due after more than one year 12 - TOTAL ASSETS 9,272 CHARITY FUNDS Restricted Funds 13 - Unrestricted Funds 13 9,272 9,272 Aproval by the Board of Trustees on the 25th May 2025 and signed on its behalf by: |
2023 £ 3,750 4,662 - |
|---|---|
| 4,662 300 4,362 - |
|
| 8,112 | |
| - 8,112 |
|
| 8,112 | |
Festus Akintunde______
EVANGELIST FESTUS AKINTUNDE (Board of Trustees) The notes on pages 7 to 13 form part of these accounts.
6
CELESTIAL CHURCH OF CHRIST EVERLASTING GLORY OF GOD PARISH NOTE TO THE ACCOUNTS FOR THE YEAR ENDED 31ST JULY 2024
-
1 Accounting Policies
-
1.1 Basis of preparation of accounts
The accounts are prepared under the historical cost convention, with the exception of investment which are included at market value and include the results of the Charity operations which are described in the Trustees' Report and all of which are continuing.
The accounts have been prepared in accordance with the Statement of Recommended Practice (SORP March 2005) For Charity Accounts and the Charities Act 1993 [as amended by Act 2006] The Charity has taken advantage of the exemption in Financial Reporting Standard No. 1 from the requirement to produce a cashflow statement on the grounds that it qualifies as small charity.
- 1.2 Tangible Fixed Assets for use by the Charity and Depreciation
All fixed assets costing £250 or more are capitalised at cost. Tangible fixed assets for use by the Charity are stated at cost less depreciation.
Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Freehold Property | Nil | |
|---|---|---|
| Motor Vehicle | 25% | Reducing Balance |
| Fixtures & Fittings | 25% | Reducing Balance |
| Church Equipment | 25% | Reducing Balance |
| Computer Equipment | 20% | Reducing Balance |
1.3 Incoming Resources
The funders are the members of the church through the collections of offerings, tithes and Donations during Church services
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CELESTIAL CHURCH OF CHRIST EVERLASTING GLORY OF GOD PARISH NOTE TO THE ACCOUNTS FOR THE YEAR ENDED 31ST JULY 2024
1.4 Value Added Tax (VAT)
Value Added Tax is not recoverable by the Charity, and as such is included in the relevant cost in the Statement of Financial Activities.
1.5 Resources Expended
Resources expended are included in the Statement of Financial Activities on accruals basis. Certain costs have been apportioned between Direct Charitable Expenditure and Management and Administration on bases consistent with the use of those resources.
Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grant being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to condtions which have not been met at the year end are noted as a commitment, but not accrued as expenditure.
1.6 Funds Accounting
Funds held by the Charity are:
Unrestricted General Fund - 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 - which were raised for particular restricted purposes and can only be used for those particular restricted purposes within the objects of the Charity.The cost of raising and administering such funds are charged against the specific fund.
Investment income, gains and losses are allocated to the approprate fund.
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CELESTIAL CHURCH OF CHRIST EVERLASTING GLORY OF GOD PARISH NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31ST JULY 2024
| 2. VOLUNTARY INCOME Members' Collections Total Voluntary Income 3. INVESTMENT INCOME Rental Income Bank Interest Receivable Total Investment Income |
Restricted Unrestricted Funds Fund 2024 2024 £ £ - 29,285 - - - - - - - |
Restricted Unrestricted Funds Fund 2024 2024 £ £ - 29,285 - - - - - - - |
Restricted Unrestricted Funds Fund 2024 2024 £ £ - 29,285 - - - - - - - |
Total Total Fund Fund 2024 2023 £ £ 29,285 11,798 - - - - - - - - |
|---|---|---|---|---|
| - | 29,285 | 29,285 11,798 |
||
| Restricted Unrestricted Funds Fund 2024 2024 £ £ - - - - |
Total Total Fund Fund 2024 2023 £ £ - - - - |
|||
| - | - | - - |
9
CELESTIAL CHURCH OF CHRIST EVERLASTING GLORY OF GOD PARISH NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31ST JULY 2024
| 4. GOVERNANCE COSTS Accountancy & Independent Examiners Legal and Professional Fees 5. DIRECT COSTS Wages & Salaries Pension P A Y E & NIC 6. SUPPORT COSTS Water Rate Rent Subscfiptions Printing, Postage and Stationary Telephone & Internet Insurance/Licences Sundry Expense Travel Expenses Electricity, Gas Consultancy Service Charge Staff Welfare Training & Development Repairs & Renewals General Welfare |
Restricted Funds 2024 £ - - |
Restricted Funds 2024 £ - - |
Unrestricted Fund 2024 £ 300 - |
Unrestricted Fund 2024 £ 300 - |
Total Total Fund Fund 2024 2023 £ £ 300 200 - - |
|---|---|---|---|---|---|
| - | 300 | 300 200 |
|||
| Basis of Allocation Actual Actual Actual Basis of Allocation Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual Actual |
£ - - - |
Total Total 2024 2023 £ £ - - - - - - |
|||
| - | - - |
||||
| £ 17,280 - 140 - 427 143 1,482 300 4,200 - - - 2,903 - |
Total Total 2024 2023 £ £ - 17,280 1,966 - - 140 70 - - 427 267 143 50 1,482 150 - 300 200 4,200 - - - - - - - 2,903 2,013 - |
26,875 26,875 4,716
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CELESTIAL CHURCH OF CHRIST EVERLASTING GLORY OF GOD PARISH NOTES TO THE ACCOUNTS (CONTINUED) FOR THE YEAR ENDED 31ST JULY 2024
7. ANALYSIS OF RESOURCES EXPENDED BY EXPENDITURE TYPE
| Direct & Support Cost Governance |
Depreciation Other Costs Total Total 2024 2024 2024 2023 £ £ £ £ 1,250 25,325 26,575 10,966 - 300 300 300 |
|---|---|
| 1,250 25,625 26,875 11,266 |
8. ANALYSIS OF RESOURCES EXPENDED BY ACTIVITIES
| Direct & Support Cost | Activities Undertaken Support Directly Cost Total Total [Note-5] [Note-6] 2024 2024 2024 2023 £ £ £ £ - 26,575 26,575 10,966 |
|---|---|
| - 26,575 26,575 10,966 |
The average number of staff employed by the Charity during the year was NIL (2023- NIL)
No Trustee has received remuneration in the year. No expenses have been reimbursed to any of the Trustees. No Employees whose emoluments exceeded £50,000. No Trustee received any benefit in kind
| 9. DEBTORS Due Within One Year Other Debtors Prepayments Accrued Income Due after more than one year Accrued Income Loan |
2024 2023 £ £ - - - - - - |
|---|---|
| - - - - - - |
|
| - - |
11
CELESTIAL CHURCH OF CHRIST EVERLASTING GLORY OF GOD PARISH (CONTINUED) FOR THE YEAR ENDED 31ST JULY 2024
| 10.TANGIBLE FIXED ASSETS Freehold & Property Motor Vehicle Equipmen F & Fittings Computer Equipment £ £ £ £ Cost At 1st August 2023 - 5,000 - - Additions - - - - Disposals - - - - At 31st July 2023 - 5,000 - - DEPRECIATION At 1st August, 2023 - 1,250 - - Charge for the year - 1,250 - - Disposal - - - - At 31st July 2023 - 2,500 - - NET BOOK VALUE AT 31ST JULY 2024 - 2,500 - - NET BOOK VALUE AT 31ST JULY 2023 - 3,750 - - The net book value of assets held under finance leases or hire purchase contracts, included above are as follows 2024 2023 £ £ Motor Vehicle 2,500 3,750 2,500 3,750 11. CREDITORS 2024 2023 £ £ Amount falling due within one year Accrued Expenses 300 200 Bank Overdrafts - - - - - - - - - - 300 200 12 |
Freehold & Property £ - - - |
Freehold & Property £ - - - |
Motor Vehicle £ 5,000 - - |
Equipmen F & Fittings £ - - - |
Equipmen F & Fittings £ - - - |
Computer Equipment £ - - - |
TOTAL £ 5,000 - - |
|
|---|---|---|---|---|---|---|---|---|
| - | 5,000 | - | - | 5,000 | ||||
| - - - |
1,250 1,250 - |
- - - |
- - - |
1,250 1,250 - |
||||
| - | 2,500 | - | - | 2,500 | ||||
| - | 2,500 | - | - | 2,500 | ||||
| - | 3,750 | - | - | 3,750 | ||||
CELESTIAL CHURCH OF CHRIST EVERLASTING GLORY OF GOD PARISH (CONTINUED) FOR THE YEAR ENDED 31ST JULY 2024
| 12. CREDITORS Amount falling after more than one year Acrued Expenses Other Creditors Creditors include amounts not wholly repayable within 5 years as follows: Repayable by instalments 13. STATEMENT OF FUNDS Unrestricted Funds General Funds- all funds Restricted Funds Building Fund Total of Funds SUMMARY OF FUNDS General Funds Restricted Funds 14. ANALYSIS OF NET ASSETS BETWEEN- FUNDS Tangible Fixed Assets Debtors Due after more than 1 Year Current Assets Creditors Due within one year Creditors Due in more than one year 15. RELATED PARTY TRANSACTIONS |
2024 2023 £ £ - - - - - - - 2024 2023 £ £ - - - - Brought Incoming Resources Carried Forward Resources Expended Forward £ £ £ £ 8,112 29285 26875 10522 - - - - - - - - |
|---|---|
| 8,112 29285 26875 10522 |
|
| Brought Incoming Resources Carried Forward Resources Expended Forward £ £ £ £ 8112 29285 -10966 26431 - - - - - - - - |
|
| 8112 29285 -10966 26431 |
|
| Restricted Unrestricted Total Total Funds Funds Funds Funds 2024 2024 2024 2023 £ £ £ £ - 2,500 2,500 3,750 - - - - - 7,072 7,072 4,662 - 300 300 300 - - - - |
|
| - 9272 9272 8112 |
|
13