CELESTIAL CHURCH (NEW UNITYI MANGER OF JESUS CHRIST PARISH Charity No: 1190872 (England & Wales} For the Year Ended 31st March 2024
CELESTIAL CHURCH (NEW UNITY) MANGER OF JESUS CHRIST PARISH
Charity No: 1190872 (England & Wales)
For the Year Ended 31st March 2024
The Trustees, who are also directors for the purposes of company law, have pleasure in presenting their report and the financial statements for the charitable company for the year ended 31 March 2024. The Trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2019).
Chair's report
Celestial Church (New Unity) Manger of Jesus Christ Parish has a dedicated and hard-working team on board. Our committed team of volunteers, along with our many dynamic supporters enable the charity to continue in strength and keep up the important work of spreading the gospel. We want to say thank you to them all.
Objectives and Activities
The overall purpose of the Church is to achieve its charitable objectives, which consist of the following:
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General Charitable Purposes
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Religious Activities
Celestial Church (New Unity) Manger of Jesus Christ Parish delivers it's charitable objectives by maintaining a vibrant and inclusive place of worship, where all are welcomed, and we aim to continue to involve our local and wider communities. We provide weekly Sunday services for adults and children, regular midweek meetings for teaching, mentoring and coaching. We also conduct services for baptism, marriages, funerals and the dedication of infants.
Volunteers
Celestial Church of Christ - (New Unity) Manger of Jesus Christ Parish has many volunteers that assist the Church in achieving it's objectives.
Achievements and Performance
During the year, the Church delivered a wide range of activities and events to the community through the various services and conferences held. This includes specific activities for women and men as well as activities for the youth and children. Sharing the gospel of Jesus Christ is especially beneficial to the lives of the people that hear and receive it. It brings Hope, Faith and Love.
Structure, Governance and Management
The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.
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Risk Management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and terror.
Trustees
Olufemi Julius Adeuya Yetunde Sotunde Oluwatobi Rotimi
Registered Office:
2 Markhouse Avenue London E17 8AZ
This report was approved by the trustees and signed on behalf of the board by:
Name:
Olufemi Julius Adeuya
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Signature:
—--------------------------------------
Date:
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CELESTIAL CHURCH (NEW UNITY) MANGER OF JESUS CHRIST PARISH
Charity No: 1190872 (England & Wales)
For the Year Ended 31st March 2024
| Unrestricted Total |
Unrestricted Total |
||
|---|---|---|---|
| Funds Funds |
|||
| 2024 2023 |
|||
| Note | |||
| INCOMING RESOURCES Incoming resources from charitable activities 19,238 14,539 |
|||
| Activities in furtherance of the charity - |
- | ||
| Gift Aid - |
- | ||
| TOTAL INCOMING RESOURCES 19,238 |
14,539 | ||
| RESOURCES EXPENDED Charitable activities (2,859) |
(1,580) | ||
| Governance costs (14,194) |
(13,792) | ||
| TOTAL RESOURCES EXPENDED 2 (17,053) |
(15,372) | ||
| NET INCOMING/(OUTGOING) RESOURCES FOR | THE YEAR 2,185 |
(833) | |
| RECONCILIATION OF FUNDS | |||
| Total funds brought forward 6,858 |
7,691 | ||
| TOTAL FUNDS CARRIED FORWARD 9,043 |
6,858 |
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CELESTIAL CHURCH (NEW UNITY) MANGER OF JESUS CHRIST PARISH Charity No: 1190872 (England & Wales)
For the Year Ended 31st March 2024
| Unrestricted Total |
Unrestricted Total |
||
|---|---|---|---|
| Funds Funds |
|||
| 2024 2023 |
|||
| Note | |||
| FIXED ASSETS Tangible assets 3 880 |
1,174 | ||
| CURRENT ASSETS | |||
| Debtors - |
- | ||
| Cash at bank and in hand 9,063 |
6,284 | ||
| TOTAL CURRENT ASSETS 9,063 |
6,284 | ||
| CREDITORS Amounts falling due within one year 4 (900) |
(600) | ||
| NET CURRENT ASSETS 8,163 |
5,684 | ||
| TOTAL ASSETS LESS CURRENT LIABILITIES | 9,043 | 6,858 | |
| Amounts falling due after within one year - |
- | ||
| NET ASSETS 9,043 |
6,858 | ||
| FUNDS | |||
| Unrestricted income funds 5 9,043 |
6,858 | ||
| TOTAL FUNDS 9,043 |
6,858 |
Trustee’s responsibilities
The members have not required the charity to obtain an audit of its accounts for the year in question; and The trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. These financial statements were approved and signed by the member of the committee and authorised for issue.
Name:
Olufemi Julius Adeuya
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Signature:
—--------------------------------------
Date:
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CELESTIAL CHURCH (NEW UNITY) MANGER OF JESUS CHRIST PARISH Charity No: 1190872 (England & Wales) For the Year Ended 31st March 2024
1. ACCOUNTING POLICIES
Basis of accounting
The accounts have been prepared under the historical cost convention and in accordance with the Statement of Recommended Practice - Accounting and Reporting by Charities (SORP 2005) issued in December 2005 and applicable accounting policies in the preparation of the financial statements are as follows.
Incoming resources
These are recognised in full in the Statement of Financial Activities in the period in which they are received. Included are income from donations and events held in the year and accounted for as unrestricted-funds.
Resources expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost in relation to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Fixed assets
All fixed assets are initially recorded at cost.
Depreciation
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Plant and machinery - 25% reducing balance Fixtures & Fittings - 25% reducing balance Motor Vehicles - 25% reducing balance
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.Restricted funds can only be used for particular restricted purposes within the objects of the entity.
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CELESTIAL CHURCH (NEW UNITY) MANGER OF JESUS CHRIST PARISH Charity No: 1190872 (England & Wales)
For the Year Ended 31st March 2024
2. RESOURCES EXPENDED
| RESOURCES EXPENDED | ||
|---|---|---|
| 2024 | 2023 | |
| Donations 2,859 |
1,580 | |
| Harvest expenditure 500 |
800 | |
| Church expenditure 2,900 |
2,200 | |
| Professional Fees 300 |
200 | |
| Rent 10,200 |
10,200 | |
| Depreciation 294 |
392 | |
| TOTAL RESOURCES EXPENDED 17,053 |
15,372 |
3. TANGIBLE FIXED ASSETS
| TANGIBLE FIXED ASSETS | TANGIBLE FIXED ASSETS |
|---|---|
| Equipment Cost |
|
| At 1st April 2023 3,584 |
|
| Additions - |
|
| At 31st March 2024 3,584 |
|
| Depreciation | |
| At 1st April 2023 2,410 |
|
| Additions 294 |
|
| At 31st March 2024 2,704 |
|
| Net Book Value | |
| At 31st March 2023 1,174 |
|
| At 31st March 2024 880 |
4. CREDITORS: Amounts falling due within one year
2024 2023 Accountancy Fee 900 600 Total creditors 900 600
5. UNRESTRICTED INCOME FUNDS
| At Net Movement |
At | |||
|---|---|---|---|---|
| 1st Apr 2023 In Funds 31st Mar 2024 |
||||
| General Funds | 6,858 2,185 9,043 |
|||
| At 6,858 2,185 9,043 |
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