CELESTIAL CHURCH OF CHRIST MANGER OF JESUS CHRIST PARISH
FINANCIAL STATEMENT FOR THE YEAR ENDED 31st MARCH 2021
EMMANUEL STEPHENS & CO. CHARTERED ACCOUNTANTS, BUSINESS ADVISERS & CONSULTANTS 62 BEECHWOOD ROAD LONDON E8 3DY
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CELESTIAL CHURCH OF CHRIST MANGER OF JESUS CHRIST PARISH
FINANCIAL STATEMENT FOR THE YEAR ENDED 31st MARCH 2021
CHARITY REGISTRATION NUMBER IN ENGLAND AND WALES 1111046
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CELESTIAL CHURCH OF CHRIST MANGER OF JESUS CHRIST PARISH
FINANCIAL STATEMENT FOR THE YEAR ENDED 31st MARCH 2021
| CONTENTS | |
|---|---|
| Charity Information | 4 |
| Trustees Report | 5 |
| Accountant's Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to Accounts | 9 |
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CELESTIAL CHURCH OF CHRIST MANGER OF JESUS CHRIST PARISH
FINANCIAL STATEMENT FOR THE YEAR ENDED 31st MARCH 2021 Charity Information
THE MANAGEMENT COMMITTEE:
Chairperson
Julius O Adeuya
General Secretary Oluwatobi Rotimi
Charity Registration No: 1190872
BUSINESS OFFICE
2 Markhouse Avanue London E17 8AZ
BANKERS
Barclays Leicester LE87 2BB
ACCOUNTANTS
EMMANUEL STEPHENS & CO. 62 BEECHWOOD ROAD LONDON E8 3DY
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CELESTIAL CHURCH OF CHRIST MANGER OF JESUS CHRIST PARISH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st MARCH 2021
The Trustees present their report and the financial statements for the year ended 31st March 2021
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, trainig 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:
Olufemi Adeuya Chairman Yetunde Sotunde Treasurer Oluwatobi Rotimi
Prospects
We are still searching for a new permanent premises that is affordable and suitable for the parish. This is affecting the extent to which we can achieve our objectives.
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:
JuliusOlufemi Adeuya TRUSTEE
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CELESTIAL CHURCH OF CHRIST MANGER OF JESUS CHRIST PARISH
ACCOUNTANT'S REPORT
We report on the accounts of the Trust for the period ended 31st March 2021, which are set out on pages 3 to 6. We have examined the books and records of the charity inrespect of the period ended 31st March 2021 and have obtained all the necessary explanations and information from the Treasurer and certify that the sttement of financial activities and the balance sheet are in accordance therewith.
Emmanuel Stephens & Co. Chartered Accountants, Business Advisers & Consultants 62 Beechwood Road London E8 3DY
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CELESTIAL CHURCH OF CHRIST MANGER OF JESUS CHRIST PARISH
Statement of Financial Activities for the period ended 31st March 2021
| Notes Income Tithes & Offerings Gift Aid Receivable Direct Charitable Expenditure Rent Payable Light & Heat Repairs & Maintenance Honorarium Printing Postage & Stationery Church Expenses Harvest Expenses Professional fees Telephone Accountancy Charitable Donations Depreciation of Fixtures & Equipment Other Expenditure Bank Charges Operating Surplus/(Deficit) Other Income & Expenses Bank Deposit Interest Net Surplus/(Deficit) for the Year Accumulated Surplus/(Deficit) b/fwd Accumulated Surplus/(Deficit) c/fwd |
£ £ £ £ 10,922 23,089 - - 10,922 23,089 10,200 13,200 - 756 - 1,102 - 1,150 - 159 - 1,410 - 2,899 - 525 - 195 800 300 - 25 622 622 11,622 22,343 - - (700) 746 - 0 (700) 746 746 0 46 746 2021 2020 |
£ £ £ £ 10,922 23,089 - - 10,922 23,089 10,200 13,200 - 756 - 1,102 - 1,150 - 159 - 1,410 - 2,899 - 525 - 195 800 300 - 25 622 622 11,622 22,343 - - (700) 746 - 0 (700) 746 746 0 46 746 2021 2020 |
|---|---|---|
| 23,089 22,343 - |
||
| 746 0 |
||
| 746 0 |
||
| 746 |
All disclosures relate to the continuing operations. There are no recognised gains or losses other than those disclosed above.
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CELESTIAL CHURCH OF CHRIST MANGER OF JESUS CHRIST PARISH
Balance sheet at 31st March 2021
| Balance sheet at 31st March 2021 | ||
|---|---|---|
| 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 |
£ £ £ £ 1,242 1,864 1,242 1,864 - 245 2,491 1,105 2,491 1,350 3,687 2,468 (1,196) 1,118 - 46 746 46 746 46 746 2021 2020 |
|
| 1,864 1,118 - |
||
| 2,491 3,687 |
||
| 746 | ||
| 746 | ||
| 746 |
Approved by the Trustees and Signed on their behalf:
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CELESTIAL CHURCH OF CHRIST MANGER OF JESUS CHRIST PARISH
Notes to the financial statements for the period ended 31st March 2021.
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)
| 2.OPERATING SURPLUS/(DEFICIT) | 2021 | 2020 | |
| £ | £ | ||
| Operating deficit is after charging: | |||
| Depreciation written off on tangible fixed assets | 622 | 622 | |
| 3.DEBTORS | 2021 | 2020 | |
| £ | £ | ||
| Other Debtors | - | 245 |
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 Musical Instrume v 5. LIABILITIES This represent the accountancy fees for the year Borrowing from Others |
25% on reducing balance basis 2021 2020 £ £ 800 300 2,887 2,168 3,687 2,468 |
25% on reducing balance basis 2021 2020 £ £ 800 300 2,887 2,168 3,687 2,468 |
|---|---|---|
| 2,468 |
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.
8. FIXED ASSET
| Cost @ 1/04/2020 Additions in the year Depreciation b/fwd Charge for the year Balance @ 31/03/2021 Balance @ 30/11/2020 |
Musical Instrument £ 3,108 - 3,108 1,244 622 1,866 1,242 1,864 |
|---|---|
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