GHURC CELESTIAL CHURCH OF CHRIST HOLY SPIRIT PARISH (Charity Registration number 1186720) ANNUAL RETURN FOR YEAR END 31 December 2024
CELESTIAL CHURCH OF CHRIST HOLY SPIRIT PARISH CONTENTS PAGE Legal and administrative information Report of the trustees Independent Examinerfs report Statement of financial activities Balance sheet io Notes to the financial statements 11-14
CELESTIAL CHURCH OF CHRIST HOLY SPIRIT PARISH Legal and admlnlstratlve Informatlon Trustees Kehinde Franklin Adekunle Chairperson. Demilade On]olayo Adekunle Regina Okoro Address l Nursery Drive Catcliffe Rotherham S60 5SF CHARITY REGISTRATION NUMBER.. 1186720 Independent Examlners Solomon Allistar IMAATI 54 Carricca Business Park Hellidon Close Ardwick, Manchester M124AH Bankers BARCLAYS BANK
CELESTIAL CHURCH OF CHRIST HOLY SPIRIT PARISH Report of the Trustees for the Year Ended 31 December 2024 The trustees are pleased to present their report together with the financial statements of the charity for the year ended 31 December 2024 Structure, Governance and Management Objectives and Activities The objects of the Celestial Church of Christ- Holy Spirit Parish are to propagate the name of Our Lord Jesus Christ. Christian Counselling, Advice, and Information In propagating the name of Our Lord Jesus Christ, the parish engaged in evangelism, prayer sessions, spiritual counselling, advice, and information to the general public during regular weekly services. These extend to assisting members and non-members in housing and financial needs, the provision of regular 'Health Check, for all to attend and discuss them health problems and have medical check-up with volunteer Doctors and Nurses. This forum has been very helpful in dictating early symptoms of sicknesses and illnesses and referring the affected to hospitals for treatment and cure. Financial assistance for charitable objects The parish donated generously to many individuals in need, such as destitute, the disabled and the sick in our society. We also rendered financial support to various organisations in support of their own humanitarian and charitable activities Other Charitable activities Other charitable activities include spreading the Word of God among all nations and announcing the good news of the Kingdom of God to the poor in spirit. This was done through our Spiritual Worships which are open to the general public, revivals, healings, and evangelism which are conducted to stimulate spiritual awarenes5 among the people, seminars and symposia which are organised for people to know and understand more about the Word of God Financial Sources The church income comes mainly from the weekly tithes and church building funds, other church contributions such as thanksgiving, annual conference, travel, and music funds.
Establishment of New Parish- Derby Due to some of our members moving to the East Midland part of the England. We are planning to establish new parish in Derby and incur expenses like fitting and Fixtures, Musical instruments, Flooring, etc. Acquisitions for Music equipment During the year under review, the church bought additional musical instrument to aid in the objective of furthering their core charitable objective. Statement 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/Wale5 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 the Charity and of the surplus or deficit of the Charity for that period. In preparing those financial statements the Board of Trustees have.. Selected suitable accounting policies and applied them consistently. Made judgments and estimates that are reasonable and prLJdent, Stated whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements,. and Prepared the financial statements on a going concern basis (unless it is inappropriate to presume that the Charity will continue in operation). The Board of Trustees has overall responsibility for ensuring that the Charity has an appropriate system of controls, financial and otherwise. They are also responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the detection and prevention of fraud and other irregularities. The Board of Trustees is responsible for the maintenance and integrity of the corporate and financial information. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Statement of disclosure of information to independent examiner
CELESTIAL CHURCH OF CHRIST HOLY SPIRIT PARISH Report of the Trustees for the Year Ended 31 December 2024 We, as the Trustees of the Charity who held office at the date of approval of these financial statements as set out on page 2 each confirm. so far as we are aware, that.. There is no relevant information of which the Charity's independent examiner are unaware,. and we have taken all the Steps that we ought to have taken as Trustees in order to make ourselves aware of any relevant information and to establish that the charity's independent examiner is aware of that irrformation. Independent Exarniner.. The Charity's independent examiner, Solomon Allistar IMAATI of SAA BUSINESS SUPPORT LTD has indicated their willingness to continue in office and offer themselves for appointment This rewrt was approved by the Tru5tee5 on and signed on their behalf by.. Mr Kehinde Franklin Adekunle Dated 2310612025
CELESTIAL CHURCH OF CHRIST HOLY SPIRIT PARISH Independent Examinerfs Report for the Year Ended 31 December 2024 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 associate 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 l rnight state to the charity's Trustees those matters l 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 Responslbilltles 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 144121 of the Charities Act 2011 (the Act) and that an independent examination is needed. It is my responsibility to: Examine the accounts lunder Section 145 of the Charities Act). To follow the procedures laid down in the General Directions given by the Charity Commissioners lunder Section 14515llbl of the Charities Act),. and To state whether matters have come to my attention. Basis of Independent Examiner's report My examination was carried out in accordance with the General Dirertions 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.. 11 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 21 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached. SOLOMON ALLISTAR IMAATI Dated.. 2310612025
CELESTIAL CHURCH OF CHRIST HOLY SPIRIT PARISH Statement of financial activities for the year ended 31 December 2024 Unrestricted Restricted Total Funds Total Funds 2024 2024 2024 2023 Notes Incoming Resources General offerings Gift Aid la-c 37.395.03 4.465.97 3.OIK).00 40,.195.0.1 4.465.97 3.1,461.6.1 16,074.58 Grants Total Incoming Resourees 41,861.00 3000.00 44,861.00 49,536.21 Resources expended Direct charitable expenditure Governance eosts Id 36.957.49 420.00 3.000.00 39,9$7.49 420.00 31,025.01 420.00 Id Total resources expended 37J77.49 3.0110.00 40,.177.49 31,445.01 Moi'ement in total fund for the year- Net income I (expenditurel for the year 4.483.51 6.673.64 Net Gain {LossO on iThTre5tment 4,483.51 6.673.64 Fund Bal blf 6.67.1.64 4.483.51 Fund Bal clf 6.673.64
CELESTIAL CHURCH OF CHRIST HOLY SPIRIT PARISH Balance sheet as of 31 December 2024 2024 2024 2024 2023 Notes FIXED ASSETS Tanglble assets CURRENT ASSETS 12 18,726J2 18,720J2 22,360.00 Debtors 13 Cash #t bank 1&361.26 18,361.26 8,934.11 CREDITORS aOntS falling due within one year (4*00.110) (4,800.00) (4,800.00) NET CURRENT ASSETS 13,561.26 13,56126 4,134.11 TOTAL ASSETS LESS CURRENT LJABILITES 32,287.S8 32,287.58 26,494.11 CREDITORS amoun¢$ falling due more than year NET ASSETS 32,287.58 26,494.11 CHARITY FUNDS Unrestricted funds 32,287.58 26,494.11 TOTAL FUNDS 32,28758 26,494.11
CELESTIAL CHURCH OF CHRIST HOLY SPIRIT PARISH Notes to the Financial Statement for the Year Ended 31 December 2024 l. Accounting policies The principal accounting policies are set out below. The accounting policies have been adopted consistently throughout the year. a) Basis of accounting The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain fixed assets, and are in accordance with the Statement ot Recommended Practice: Accounting and Reporting by Charities issued in March 2005 and the Financial Reporting Standard for Smaller Entities (etlective April 2008). b) Incoming resources from generated funds Incoming resources from generated funds represents donations towards weekly tithes, church building fund, thanksgiving, annual conference, travel and other contributions c) Incotning resources- Interest receivable Interest is credited in the year in which it is received. d) Resources expended Expenditlwe is recognised when a liability is incued. Funding provided through ContctUal agreements and performance related grants are recognised as Services are supplied. Other grant payments are recognised when a constructive obligation ariscs that rcsults in thc payrncnt being unavoidabl¢. Costs of generating funds are those costs incurrcd in attracting voluntary incomc, and thos¢ incutY¢d in activities that raise funds. Grants payable are payments made to third parties in the furtherance of the charitable objeLtives of th¢ TnLSt. Single or multi-y¢ar grants are account¢d for when either the recipient has a reasonable expectation that they will receive a grant and the trust¢¢s have agreed to pay the grant without condition, or the recipient has a reasonable expectation that they will receive a grant and any condition attaching to the ant is outside of the control of the Trust. Provisions for grants are made when the intention to make a grant has been cominunicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable. Governance costs include those incurred in the governance of its assets and are primarily associated with constitIOnal and statutory requirements. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources. Depreciation Depreciation is calculated at rates estimated to write off the cost of all tangible fixed
assets over their expected useful lives.. Equipment, Fixtures and Fitting.. 20 % Equipment 200/0 During the yecir under review, the church decided to continue to sepcirate its equipment froin its furniture fixtures and fittings. A depreciation rate of 20 % was applied on each category on a reducing balance basis. e) Fund structure The principal accounting policies are set out below. The accounting policies have be¢n adopted consistently throughout the year. The funds held by the charity are either.. Unrestricted general funds - these are funds which can be used in accordance with the charitable objects at the discretion of the trustees. Designated funds - these are funds eannarked by the trustees out of unrestricted general funds for specific tuture purposes or projects. Restricted funds - these are fi]nds that can only be used for restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for restricted purposes. Endowment fiulds - these are funds that represent assets which must be held pennanently by the charity. Income arising on the endowment fund can be used in accordance with the objects of the charity and is included in unrestricted income. Any capital gains or losses arising on the investments forni part of the fiuld. Investment management charges and legal advice relating to the fund are charged against the fid. O VAT The charity is not registered for VAT and accordingly expenditure includes VAT were appropriate. 2 Income resources Income comprises of donations and tithes 3 Employee information None of the trustees received any remuneration OT reimbutBement of expenses during the year. 4 Net income resources This is stated after charging 2024 2023 POST Depreciation 5,590.00 4,397.99
5 Taxation The charity is exempt from coOratIon tax on its charity. 6 Tangible fixed assets Equipment Fixtures and fittings Total C05t: At l January 2024 Additions 22,360.00 2,608.43 24,968.43 22,360.00 2,608.43 24,968.43 At 31 December 2024 Depreciation At l January 2024 Provision for year At 31 December 2024 6,242.11 6,242.11 6,242.11 6,242.11 NET BOOK VALUE 18,726.32 18,726.32 7 Debtors 2024 2023 Prepayment and loans 8 Creditors: amounts falling due more than one year 2024 2023 Other Creditors 9 Creditors: amounts falling due within one year 2024 2023 Other Creditors 4,800.00 4,800.00
CELESTIAL CHURCH OF CHRIST HOLY SPIRIT PARISH INCOME AND EXPENDITURE ACCOUNT FOR YEAR ENDED 31 DECEMBER 2024 INCOME Voluntary Donations Giftaid Restricted Donation 37,395.03 4.465.97 3,0(X).00 Total income 44,861.00 EXPENSES Rent 10,380.00 3,343.75 2,600.00 1,494.88 2,339.02 1,113.55 1,282.92 7,000.00 122.22 360.00 3,735.40 1,016.82 189.86 Harvest Fuel Musical Equipment Spiritual items Fitting and Fixtures Car expenses Evangelism Subsistence Professional fees Welfare Charity Ad hoc expenses Accounting Administration 400.00 471.27 Travel 2,833.35 1,160.00 142.42 392.02 Repairs Decor Total Expenses 42,862.57 Surplus 6,673.64