## **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** 1 ## **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 2 ## **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| 3 ## **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 4 ## **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 5 ## **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 6 ## **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. 7 ## **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: 8 ## **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| |---|---| 9