CELESTIAL CHURCH (NEW UNITY) MANGER OF JESUS CHRIST PARISH FINANCIAL STATEMENT FOR THE YEAR ENDED 31st MARCH 2022
NOVELTY CHARITY CONSULTANT
SUITE 124, ISLAND BUSINESS CENTRE 18 -36 WELLINGTON STREET WOOLWICH LONDON SE18 6PF
CELESTIAL CHURCH (NEW UNITY) MANGER OF JESUS CHRIST PARISH FINANCIAL STATEMENT FOR THE YEAR ENDED 31st MARCH 2022
CHARITY REGISTRATION NUMBER IN ENGLAND AND WALES
1190872
CELESTIAL CHURCH (NEW UNITY) MANGER OF JESUS CHRIST PARISH FINANCIAL STATEMENT FOR THE YEAR ENDED 31st MARCH 2022
CONTENTS Charity Information 4 Trustees Report 5 Accountant's Report 6 Statement of Financial Activities 7 Balance Sheet 8 Notes to Accounts 9
CELESTIAL CHURCH (NEW UNITY) MANGER OF JESUS CHRIST PARISH FINANCIAL STATEMENT FOR THE YEAR ENDED 31st MARCH 2022
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
ADVISER
NOVELTY CHARITY CONSULTANT SUITE 124, ISLAND BUSINESS CENTRE 18-36 WELLINGTON STREET WOOLWICH LONDON SE18 6PF
CELESTIAL CHURCH (NEW UNITY) MANGER OF JESUS CHRIST PARISH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st MARCH 2022
The Trustees present their report and the financial statements for the year ended 31st MARCH 2022
Activities During the Year
We have continued to advance our mission of promoting the gospel and sharing the good news. Our efforts have been supported through various initiatives, including regular fellowship gatherings, ministering the word, training disciples, and organizing conferences and retreats.
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 actively seeking a new permanent premises that is both affordable and suitable for the parish. The current lack of a stable location is impacting our ability to fully achieve our objectives. Finding an appropriate facility remains a priority, as it is essential for the effective implementation of our programs and activities. We are committed to securing a venue that will support our mission and facilitate the growth and development of our community.
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:
Julius Olufemi Adeuya TRUSTEE
CELESTIAL CHURCH (NEW UNITY) MANGER OF JESUS CHRIST PARISH REPORT
Financial Report for the Period Ended 31st March 2022
We present our report on the accounts of the Trust for the period ended 31st March 2022, as detailed on pages 3 to 6. We have thoroughly examined the charity’s books and records for this period and have obtained all necessary explanations and information from the Treasurer. Based on this examination, we certify that the statement of financial activities and the balance sheet are accurate and in accordance with the records reviewed.
CELESTIAL CHURCH (NEW UNITY) MANGER OF JESUS CHRIST PARISH Statement of Financial Activities for the period ended 31st MARCH 2022
| Notes Income Tithes & Offerings Gift Aid Receivable Total Income 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 Total Direct Charitable Expenditure 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 |
2022 (£) 15,200 - 15,200 11,100 - - - - 1,200 1090 - - 600 - 310 14,300 - 900 - 900 (700) 200 |
2021 (£) 10,922 - 10,922 10,200 - - - - - - - - 800 - 622 11,622 - (700) 0 (700) 746 46 |
|---|---|---|
All disclosures relate to the continuing operations. There are no recognized gains or losses other than those disclosed above.
CELESTIAL CHURCH (NEW UNITY) MANGER OF JESUS CHRIST PARISH Balance Sheet at 31st March 2022
| Notes | 2022 (£) | 2021 (£) |
|---|---|---|
| FIXED ASSETS | ||
| Tangible Fixed Assets | 1,584 | 1,242 |
| Total Fixed Assets | 1,584 | 1,242 |
| CURRENT ASSETS | ||
| Debtors | - | - |
| Cash in Hand/Bank | 1,243 | 2,491 |
| Total Current Assets | 1,243 | 2,491 |
| CURRENT LIABILITIES | ||
| Amount falling due within a year | 2,986 | 3,687 |
| Net Current Assets/(Liabilities) | (1,743) | (1,196) |
| NET ASSETS | 200 | 46 |
| ACCUMULATED FUNDS | ||
| Unrestricted Funds | 200 | 46 |
| Total Accumulated Funds | 200 | 46 |
Approved by the Trustees and signed on their behalf:
CELESTIAL CHURCH (NEW UNITY) MANGER OF JESUS CHRIST PARISH
Notes to the Financial Statements for the Period Ended 31st March 2022
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)
| Operating Deficit is After Charging: | 2022 (£) | 2021 (£) |
|---|---|---|
| Depreciation written off on tangible fixed assets 622 |
622 | |
| 3. DEBTORS | ||
| Debtors |
2022 (£) | 2021 (£) |
| Other Debtors - | - |
- |
3. DEBTORS
4. DEPRECIATION
Depreciation has been provided at the following rates to write off the assets over their estimated useful lives:
-
Furniture, Fixtures & Fittings: 25% on reducing balance basis
-
Musical Instruments
5. LIABILITIES
| Liabilities | 2022 (£) | 2021 (£) |
|---|---|---|
| Accountancy Fees for the Year | 600 | 800 |
| Borrowing from Others |
1,586 | 2,887 |
| Total Liabilities |
2,186 | 3,687 |
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 purposes specified by the donor. Expenditure that meets these criteria is charged to the fund.
8. FIXED ASSET
| Musical Instrument Cost @ 1/04/2022 Additions in the Year Total Cost Depreciation b/fwd Charge for the Year Total Depreciation Balance @ 31/03/2022 Balance @ 31/03/2021 |
£ 3,584 - 3,584 1,432 586 2,018 1,566 1,242 |
|---|---|