2022-12-31-accounts - Fortress Of Comfort Parish, Celestial Church Of Christ

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

CELESTIAL CHURCH OF CHRIST

FORTRESS OF COMFORT PARISH

ANNUAL RETURN FOR YEAR END 31[ST] of December 2022.

CELESTIAL CHURCH OF CHRIST FORTRESS OF COMFORT PARISH

CONTENTS PAGE

CONTENTS PAGE
Legal and administrative information	3
Report of the trustees	4-6
Independent Examiner’s report	7
Statement of financial activities	8
Balance sheet	9
Notes to the financial statements	10-12

CELESTIAL CHURCH OF CHRIST FORTRESS OF COMFORT PARISH

Legal and administrative information

Trustees

Mr Michael Oluwafemi Adewuyi Chairperson.

Mrs Sarah Temitope Smith Mrs Celestina Oluyemi Fadiora Mrs Blessing Adedolapo Adams

Address

26 Cobden Street, Salford M6 6WG

Charity Registration number

1187158

Independent Examiners

Solomon Allistar (MAAT) 54 Carriocca Business Park, Hellidon Close, Ardwick, Manchester, M12 4AH

Bankers

Cashplus Bank

CELESTIAL CHURCH OF CHRIST FORTRESS OF COMFORT PARISH

Report of the Trustees for the Year Ended 31st December 2022

The trustees are pleased to present their report together with the financial statements of the

charity for the year ended 31 December 2022.

Structure, Governance and Management

Objectives and Activities

The objects of the Celestial Church of Christ Fortress of Comfort Parish are to propagate the name of Our Lord Jesus Christ.

There have been no changes in objectives since the last annual report.

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 their 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 awareness 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.

The Building Repair Project

During the year under review, the church continued the work on the repair and maintenance of the church building.

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/Wales 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 prudent,
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 FORTRESS OF COMFORT PARISH

Report of the Trustees for the Year Ended 31st December 2022

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 information.

Independent Examiner :

The Charity's independent examiner, Solomon Allistar (MAAT) of SAA BUSINESS SUPPORT LTD has indicated their willingness to continue in office and offer themselves for appointment.

This report was approved by the Trustees on and signed on their behalf by:

Mr Michael Adewuyi Chairperson/Trustee 27/09/2023

Independent Examiner’s Report for the Year Ended 31st December 2022

I report on the financial statements of the charity for the year ended 31 December 2022 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 I might state to the charity's Trustees those matters I 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 Responsibilities 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 144(2) of the Charities Act 2011 (the Act) and that an independent examination is needed.

It is my responsibility to:

Examine the accounts (under Section 145 of the Charities Act).
To follow the procedures laid down in the General Directions given by the Charity Commissioners (under Section 145(5)(b) 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 Directions 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:

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 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

2) 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 (MAAT) Dated: 27/09/2023

Statement of financial activities for the year ended 31st December 2022.

----- Start of picture text -----
Unrestricted Restricted Unrestricted Restricted
2022 2022 2021 2021
Notes £ £ £ £
Incoming Resources
General offerings 26,392.00 - 10,902.31 -
Gift Aid 4,181.82 - - -
Grants - - 21,668.57 -
Total Incoming Resources 30,573.82 - 32,570.88 -
Resources expended
Direct charitable expenditure 28,152.00 - 31,786.76 -
Governance costs 420.00 - 731.00 -
Total resources expended 28,572.00 - 32,517.76 -
Movement in total fund for
the year – Net income /
(expenditure) for the year
Net Gain (Loss0 on 2,001.82 - 53.12 -
investment
Fund Bal b/f
Fund Bal c/f 2,001.82 - 53.12 -
----- End of picture text -----

Balance sheet as of 31st December 2022

----- Start of picture text -----
2022 2022 2021 2021
Notes £ £ £ £
FIXED ASSETS
Tangible assets 17,106.40 - 17.583.00
CURRENT ASSETS - - - -
Debtors 3,600.00 - - 2,580.00
Cash at bank/in hand 2,375.00 - - 102.86
5,975.00 2,682.86
CREDITORS amounts falling 1,255.00 - 9,745.00
due within one year
- -
NET CURRENT ASSETS 4,720.00 - (7,062.14)
TOTAL ASSETS LESS 21,826.40 10.520.86
CURRENT LIABILITES
NET ASSETS 21,826.40 - 10.520.86
CHARITY FUNDS
Unrestricted funds 21,826.40 10.520.86
Restricted funs
- - -
TOTAL FUNDS 21,826.40 10.520.86
----- End of picture text -----

Notes to the Financial Statement for the Year Ended 31st December 2022

1. 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 of Recommended Practice: Accounting and Reporting by Charities issued in March 2005 and the Financial Reporting Standard for Smaller Entities (effective 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) Incoming resources; Interest receivable Interest is credited in the year in which it is received.

d) Resources expended

Expenditure is recognised when a liability is incurred. Funding provided through contractual agreements and performance related grants are recognised as services are supplied. Other grant payments are recognised when a constructive obligation arises that results in the payment being unavoidable.

Costs of generating funds are those costs incurred in attracting voluntary income, and those incurred in activities that raise funds.

Grants payable are payments made to third parties in the furtherance of the charitable objectives of the Trust. Single or multi-year grants are accounted for when either the recipient has a reasonable expectation that they will receive a grant and the trustees 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 grant is outside of the control of the Trust.

Provisions for grants are made when the intention to make a grant has been communicated 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 constitutional 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:

During the year under review, the church decided to continue to separate its equipment from 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 been 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 earmarked by the trustees out of unrestricted general funds for specific future purposes or projects.

Restricted funds - these are funds 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 funds - these are funds that represent assets which must be held permanently 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 form part of the fund. Investment management charges and legal advice relating to the fund are charged against the fund.

f) 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 or reimbursement of expenses during the year.

4 Net income resources

This is stated after charging

5 Taxation

The charity is exempt from corporation tax on its charity.

6 Tangible fixed assets

Equipment Fixtures and fittings £ Cost: At 1 January 2022 17,583 Additions 3,800 At 31 December 20212 21,383 Depreciation At 1 January 2021 Provision for year 4,277 At 31 December 2021 17583 NET BOOK VALUE 17,106 7 Debtors 2022 £ Prepayment and loans 3,600 8 Creditors: amounts falling due within one year 2022 £ Other Creditors 1,255	Equipment Fixtures and fittings £ 17,583 3,800	Total £ 17,583 3,800
	21,383	21,383
	4,277	4,277
	17583	17583

	17,106	17,106
		3,600 £ 3,600 2021 £ 9,745