## **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**<br>**Income**<br>Tithes & Offerings<br>Gift Aid Receivable<br>**Total Income**<br>**Direct Charitable Expenditure**<br>Rent Payable<br>Light & Heat<br>Repairs & Maintenance<br>Honorarium<br>Printing, Postage & Stationery<br>Church Expenses<br>Harvest Expenses<br>Professional Fees<br>Telephone<br>Accountancy<br>Charitable Donations<br>Depreciation of Fixtures & Equipment<br>**Total Direct Charitable Expenditure**<br>**Other Expenditure**<br>Bank Charges<br>**Operating Surplus/(Deficit)**<br>**Other Income & Expenses**<br>Bank Deposit Interest<br>**Net Surplus/(Deficit) for the Year**<br>Accumulated Surplus/(Deficit) b/fwd<br>**Accumulated Surplus/(Deficit) c/fwd**|**2022 (£)**<br>15,200<br>-<br>**15,200**<br>11,100<br>-<br>-<br>-<br>-<br>1,200<br>1090<br>-<br>-<br>600<br>-<br>310<br>**14,300**<br>-<br>**900**<br>-<br>900<br>(700)<br>200|**2021 (£)**<br>10,922<br>-<br>**10,922**<br>10,200<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>800<br>-<br>622<br>11,622<br>-<br>**(700)**<br>0<br>**(700)**<br>746<br>**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<br>||622|
|**3. DEBTORS**|||
|**Debtors**<br>|**2022 (£)**|**2021 (£)**|
|Other Debtors -|-<br>|-|



## **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<br>|1,586|2,887|
|**Total Liabilities**<br>|**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**<br>Cost @ 1/04/2022<br>Additions in the Year<br>**Total Cost**<br>Depreciation b/fwd<br>Charge for the Year<br>**Total Depreciation**<br>**Balance @ 31/03/2022**<br>**Balance @ 31/03/2021**|**£**<br>3,584<br>-<br>**3,584**<br>1,432<br>586<br>**2,018**<br>**1,566**<br>**1,242**|
|---|---|