CHARITY NUMBER: 1185369 (England and Wales)
Report of the Trustees and Financial Statements for the year ended 31 December 2024
For
CCC ILERI ATI MAJEMU OLUWA PARISH
E&E Accounting and Tax Services Ltd Suite 213 Spirella Building Bridge Road, Letchworth Garden City Hertfordshire, England SG6 4ET
CCC ILERI ATI MAJEMU OLUWA PARISH Contents of the Financial Statements for the year ended 31 December 2024
| Page | |
|---|---|
| Report of the Trustees | 1 to 2 |
| Independent Examiner's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 to 6 |
| Notes to the Financial Statements | 7 to 9 |
| Detailed Statement of Financial Activities | 10 to 11 |
CCC ILERI ATI MAJEMU OLUWA PARISH Report of the Trustees for the year ended 31 December 2024
The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.
REFERENCE AND ADMINISTRATIVE DETAILS
Charity Number: 1185369 (England and Wales)
Registered Office: 126 Longstone Road Birmingham B42 2DP
Trustees: Ajoke Omowunmi Hundeyin Yewande Yejide Akinyebo Bolade Michael Hundeyin
Banker: Barclays Bank
General Secretary: Yewande Yejide Akinyebo
Independent Examiner E&E Accounting and Tax Services Ltd Suite 213 Spirella Building Bridge Road, Letchworth Garden City Hertfordshire, England SG6 4ET
CCC ILERI ATI MAJEMU OLUWA PARISH Report of the Trustees for the year ended 31 December 2024
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing Document
The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.
Organisational Structure
The church is organised so that the trustees meet regularly to manage its affairs. There is a volunteer office administrator, who manages the day-to-day administrations of the church.
Related Parties
CCC ILERI ATI MAJEMU OLUWA PARISH is a member of Celestial Church of Christ (CCC) which has Parishes all over the world. The relationship is governed by an Agreement for common purposes between the Parishes and CCC.
Risk Management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
FINANCIAL REVIEW
Reserves policy
The Net Income for the year amounted to £1,489.00. All these have been £1,489.00 unrestricted reserves and £0.00 restricted project. The trustees have established a policy whereby the unrestricted funds not committed or invested in tangible fixed assets, the free reserves, held by the church should be 3 months of annual expenditure.
Principal funding sources
This is provided mainly through voluntary tithes and offerings by the church members and through gift aid scheme. Pledges are also taken for specific projects.
FUTURE DEVELOPMENTS
The church will continue to explore various ways of spreading the gospel of Christ in an affective manner.
The charity is also looking to grow in membership and continue to develop its members to make life - changing impact in society, plant more parishes and due to the increase in the number of members, our future plan is to accommodate those members and likely additional.
CCC ILERI ATI MAJEMU OLUWA PARISH Report of the Trustees for the year ended 31 December 2024
STATEMENT OF TRUSTEES RESPONSIBILITIES
The trustees (who are also the directors of CCC ILERI ATI MAJEMU OLUWA PARISH for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice.
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently.
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observe the methods and principles in the Charity SORP.
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make judgements and estimates that are reasonable and prudent.
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The trustees are responsible for the maintenance and integrity of the corporate and financial information included on the charitable company's website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions.
This report has been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
On Behalf of The Board:
Ajoke Omowunmi Hundeyin Date:11th February 2025
Independent Examiner's Report to the Trustees of CCC ILERI ATI MAJEMU OLUWA PARISH
I report on the accounts for the year ended 31 December 2024 set out on the pages attached.
Respective responsibilities of trustees and examiner
The charity's trustees (who are also the directors for the purposes of company law) are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year (under Section 43(2) of the Charities Act 1993 (the 1993 Act)) and that an independent examination is required. I am qualified to undertake the examination by being a qualified member of AIA.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
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examine the accounts under Section 43 of the 1993 Act
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to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 43(7)(b) of the 1993 Act); and
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to state whether particular matters have come to my attention.
Basis of the independent examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commission. 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 statements 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
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to keep accounting records in accordance with Section 386 and 387 of the Companies Act 2006; and
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to prepare accounts which accord with the accounting records, comply with the accounting requirements of Sections 394 and 395 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met; or
(2) to which, in my opinion, attention should be drawn to enable a proper understanding of the accounts to be reached.
E&E Accounting and Tax Services Ltd
Date: 11th February 2025
CCC ILERI ATI MAJEMU OLUWA PARISH
Statement of Financial Activities
for the year ended 31 December 2024
| Notes INCOMING RESOURCES FROM CHARITABLE ACTIVITIES Offering 2 Tithe 2 Gift -Aid/Grants 2 Project 2 TOTAL INCOMING RESOURCES RESOURCES EXPENDED Charitable Activities 3 Support Activities 4 Governance Activities 5 TOTAL RESOURCES EXPENDED Net income/(outgoing) resources Total funds brought forward Total funds carried forward |
Un-restricted funds 2024 £ 26,591 - 20,085 - |
Restricted Funds 2024 £ - - - - - 0 - - 0 - - - |
Total Funds 2024 £ 26,591 - 20,085 - 46,676 (19,249) (23,059) (2,880) (45,187) 1,489 (16,121) (14,632) |
Total Funds 2023 £ 24,636 - - - |
|---|---|---|---|---|
| 46,676 | 24,636 | |||
| (19,249) (23,059) (2,880) |
(4,955) (13,728) (588) |
|||
| (45,187) | (19,271) | |||
| 1,489 (16,121) |
5,365 (21,486) |
|||
| (14,632) | (16,121) |
All incoming resources are derived from continuing operations. The charity has no other gains or losses other than those recognised in the Statement of Financial Activities.
CCC ILERI ATI MAJEMU OLUWA PARISH
Balance Sheet
at 31 December 2024
| Balance Sheet at 31 December 2024 |
||
|---|---|---|
| Notes FIXED ASSETS Tangible Assets 6 CURRENT ASSETS Debtors 7 Cash at bank and in hand 8 Current Liabilities Creditors: amounts falling due within and after one year 9 Net Current assets/(Liabilities) Long-Term Liabilities TOTAL ASSETS LESS CURRENT LIABILITIES FINANCED BY: Unrestricted funds 10 Restricted Funds 11 TOTAL FUNDS |
2024 Total £ - - 155 155 (4,312) (4,157) (10,475) (14,632) (14,632) - (14,632) |
2023 Total £ - - 1,780 |
| 1,780 (4,426) |
||
| (2,646) | ||
| (13,475) | ||
| (16,121) | ||
| (16,121) - |
||
| (16,121) | ||
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.
The members have not required the charitable company to obtain an audit of its financial statements for the year ended 31 December 2024 in accordance with Section 476 of the Companies Act 2006.
The trustees acknowledge their responsibilities for
(a) ensuring that the charitable company keeps accounting records that comply with Sections 386 and 387 of the Companies Act 2006 and
(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
These financial statements have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small charitable companies and with the Financial Reporting Standard for Smaller Entities (effective April 2008). The financial statements were approved by the Board of Trustees on 28th September 2023 and were signed on its behalf by:
Ajoke Omowunmi Hundeyin Trustee 11th February 2025
CCC ILERI ATI MAJEMU OLUWA PARISH
Balance Sheet – Note to the Account
for the year ended 31 December 2024
1. ACCOUNTING POLICIES
Accounting Convention
The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Companies Act 2006 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
Incoming Resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income, and the amount can be quantified with reasonable accuracy.
Resources Expended.
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings, they have been allocated to activities on a basis consistent with the use of resources.
Tangible Fixed Assets
Depreciation is provided at the following annual rates to write off each asset over its estimated useful life.
Freehold property - 2% on reducing balance. Fixtures and fittings - 25% on reducing balance. Motor vehicles - 25% on reducing balance.
Taxation
The charity is exempt from corporation tax on its charitable activities. Fund accounting Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
CCC ILERI ATI MAJEMU OLUWA PARISH
Balance Sheet – Note to the Account
for the year ended 31 December 2024
Note 2. Incoming Resources - General Donations
| Note 2. Incoming Resources - General Donations |
||||
|---|---|---|---|---|
| Offering Tithe Gift -Aid/Grants Project Note 3. Resources Expended - Charitable Donations & Gifts CCC - Remmitance Special Program Expenses Ministry Expenses Welfare - Members Note 4. Resources Expended - Support Hospitality Software, Telephone & Internet Bank Charges/Interest Equipment & Instruments Honorarium/Pastoral Dues Rent Insurance Depreciation Repairs and maintenance Consultancy Utilities Travel and subsistence Protocol |
Unrestricted Funds £ 26,591 - 20,085 - 46,676 Unrestricted Funds £ - 5,700 3,314 4,835 5,400 19,249 Unrestricted Funds £ 1,517 285 844 275 - 14,373 211 - - 5,021 220 313 - 23,059 |
Restricted Funds £ - - - - - Restricted Funds £ - - - - - - Restricted Funds £ - - - - - - - - - - - - - - |
2024 Total Funds £ 26,591 - 20,085 - 46,676 2024 Total Funds £ - 5,700 3,314 4,835 5,400 19,249 2024 Total Funds £ 1,517 285 844 275 - 14,373 211 - - 5,021 220 313 - 23,059 |
2023 Total Funds £ 24,636 - - - |
| 24,636 | ||||
| 2023 Total Funds £ - 2,883 1,072 400 600 |
||||
| 4,955 | ||||
| 2023 Total Funds £ - - - - - 13,517 211 - - - - - - |
||||
| 13,728 |
CCC ILERI ATI MAJEMU OLUWA PARISH
Balance Sheet – Note to the Account Continuation
for the year ended 31 December 2024
| Note 5. Resources Expended – Governance Unrestricted Funds £ Accountancy 1,588 Admin/Office Expense 1,292 Other professional fees - 2,880 Note 6. TANGIBLE ASSETS Building and Property £ Cost - Additions - Revaluation - Disposal - Total Costs - Depreciation Balance brought forward - Charge for the year - Disposal - Transfers Balance carried forward - Net book value At 31 December 2023 - At 31 December 2022 - Note 7. Debtors 2024 This is made up as follows: £ Member Loans - - Note 8. Cash at bank and in hand 2024 £ Cash at bank (Current and Project) 155 Cash at hand - 155 Note 9. Creditors: amounts falling due within and after one year 2024 This is made up as follows: £ Accountancy Fees 900 Bank Loan 10,475 Other creditors (Loan) 3,412 14,787 |
Restricted Funds £ - - - - Motor Vehicle £ - - - - - - - - - - - 2023 £ - - 2023 £ 1,780 - 1,780 2023 £ 500 13,475 3,926 17,901 |
2024 Total Funds £ 1,588 1,292 - 2,880 2024 Total £ - - - - - - - - - - - - |
2023 Total Funds £ 500 88 - |
|---|---|---|---|
| 588 | |||
| 2023 Total £ - - - - |
|||
| - | |||
| - - - - |
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| - | |||
| - | |||
| - | |||
CCC ILERI ATI MAJEMU OLUWA PARISH Balance Sheet – Note to the Account Continuation for the year ended 31 December 2024
Note 10. Movement in funds
| Unrestricted funds Charity's fund Restricted funds Grants Note 10.1 Analysis of net assets by fund Cash at bank and in hand Other net assets (liabilities) |
Opening balance £ - - - - Unrestricted Funds £ 155 (14,787) (14,632) |
Incoming resources £ 46,676 46,676 - - Restricted Funds £ - - - |
Resources expended £ (45,187) (45,187) - - 2024 2023 Total Total Funds Funds £ £ 155 1,780 (14,787) (17,901) (14,632) (16,121) |
|---|---|---|---|
Note 11. TRUSTEES REMUNERATION
The Trustees did not receive any emoluments and no out of pocket expenses were paid during the year (2024: £nil)
- Note 12. As a company, CCC ILERI ATI MAJEMU OLUWA PARISH is exempt from tax on income and gains falling within section 505 of the Taxes Act 1988 or s256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its objects. No tax charges have arisen in the Company.
Note 13. Control
The ultimate controlling parties are the directors’ as stated on page 2.