CELESTIAL CHURCH OF CHRIST AGBALA IYANU OLUWA CANAAN PARISH GHURCH GWRISTAINIS o OLO O ANNUAL RETURN FOR YEAR END 31 ST of December 2025. CELESTIAL CHURCH OF CHRIST AGBALA IYANU OLUWA CANAAN PARISH CONTENTS PAGE Legal and administrative information Report of the trustees Independent Examinerfs report Statement of financial activities Balar)ce sheet io Note5 to the financial statements 11-13 Income and Expenditure account 14 AGBALA IYANU OLUWA CANAAN PARISH Legal and admlnlstratlve Snformatlon Trustees Mr Olugbenga Ogunsanya Mrs Adetutu Borokinni Chairperson. Mrs Titilope Ogunsanya Registered Address 67 Lacy Street, Stretford, Manchester, M32 8LZ Operating Adress 2. Floor, 46- 48 Bury New Road, Manchester, M8 8EN CHARITY REGISTION NUMBER: 1191070 Independent Examlners Solomon Allistar IMAATI 54 Carriocca Business Park, Hellidon Close, Ardwick, Manchester, M12 4AH Bankers LLOYDS BANK AGBALA IYANU OLUWA CANAAN PARISH Report of the Trustees for the Year Ended 31st December 2025 The trustees are pleased to present their report together with the financial statements of the charity for the year ended 31 December 2025. Structure. Governance and Management Objectives and Activities The objects of the Celestial Church of Christ- Agbala lyanu Oluwa Canaan Parish are to propagate the name of Our Lord Jesus Christ. Christian Counsellin& Advice, and Information In propagating the name of Our Lord Jesus Christ, the parish engaged in evangelism, prayer sessions, spiritual counsellin& advice, and information to the general public during regular weekly services. These extend to assisting members and non-members in housing and financial needs, the provision of regular 'Health Check, for all to attend and discuss them health problems and have medical check-up with volunteer Doctors and Nurses. This forum has been very helpful in dictating early symptoms of sicknesses and illnesses and referring the affected to hospitals for treatment and cure. Financial assistance for charitable objects The parish donated generously to many individuals in need, such as destitute, the disabled and the sick in our Society. We also rendered financial support to various organisations in support of their own humanitarian and charitable activities Other Charitable activities Other charitable activities include spreading the Word of God among all nations and announcing the good news of the Kingdom of God to the poor in spirit. This was done through our Spiritual Wor5hip5 which are open to the general public, revivals, healings, and evangelism which are conducted to Stimulate spiritual awareness among the people, seminars and symposia which are organised for people to know and understand more about the Word of God Financial Sources The church income comes mainly from the weekly tithes and church building funds, other church contributions such as thanksgiving, annual conference, travel, and music funds. Acquisitions for Music equipment During the year under review, the church bought added new musical instruments to aid in the objective of furthering their core charitable objective. Foodbank Foodbank activites were established to carter for the needs of the local community 3 times a week. Statement of Trustees, responsibilities The Board of Trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. Charity law applicable to charities in Englandlwales requires the Board of Trustees to prepare financial statements for each financial year which gives a true and fair view of the state of affairs of the Charity and of the surplus or deficit of the Charity for that period. In preparing those financial statements the Board of Trustees have: Selected suitable accounting policies and applied them consistently. Made judgments and estimates that are reasonable and prudent, Stated whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements,. and Prepared the financial statements on a going concern basis (unless it is inappropriate to presume that the Charity will continue in operation). The Board of Trustees has overall responsibility for ensuring that the Charity has an appropriate system of controls, financial and otherwise. They are also responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensLJre that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the detection and prevention of fraud and other irregularities. The Board of Trustees is responsible for the maintenance and integrity of the corporate and financial information. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Statement of disclosure of information to independent examiner AGBALA IYANU OLUWA CANAAN PARISH Report of the Trustees for the Year Ended 31st December 2025 We, a5 the Trustees of the Charity who held office at the date of approval of these financial statements as set out on page 2 each confirm, so far as we are aware, that- There is no relevant information of whlch the Charity's independent examlner are unaware,. and we have taken all the 5tep5 that we ought to have taken as Trustees in order to make ourselves aware of any relevant information and to establish that the charity's independent examiner 15 aware of that information. Independent Examiner.. The Charity's independent examiner, Solomon Allistar IMAATI of SAA 8USINES5 SUPPORT LTO ha5 indicated their willingness to continue in office and offer themselves for appointment. This report was approved by the Trustees on and signed on their behalf by- 1410112026 MrOlu8benga 08unsanya AGBALA IYANU OLUWA CANAAN PARISH Independent Examiner's Report for the Year Ended 31st December 2025 I report on the financial statements of the charity for the year ended 31 December 2025 which comprise the Statement of Financial Activities and Balance Sheet with associate notes. This report is made solely to the charity's Trustees, as a body, in accordance with sertion 145 of the Charities Act 2011 and regulations made under section 154 of that Act. My work has been undertaken so that I might state to the charity's Trustees those matters l am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my examination work. Respertive Responsibilities of Trustees and Examiner The charity's Trustees are responsible for the preparation of the financial statements, and they consider that an audit is not required for this year under section 144121 of the Charities Act 2011 Ithe Act) and that an independent examination is needed. It is my responsibility to.. Examine the accounts lunder Section 145 of the Charities Act). To follow the procedures laid down in the General Directions given by the Charity Commissioners (under Section 14515llbl of the Charities Act),. and To state whether matters have come to my attention. Basls of Independent Examlner's report My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Group/Charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanation5 from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair, view, and the report IS limited to those matters set out in the statement below. Independent Examlner's statement In connection with my examination, no matter has come to my attention.. 11 which gives me reasonable cause to believe that in any material respect the requirements- to keep accounting records in accordance with section 130 of the Act; and to prepare financial statements which accord with the accounting records and comply with the accounting requirements of the Act have not been met,. or 21 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached. Signed.. SOLOMON ALLISTAR IMAATI Dated.. 1510112026 AGBALA IYANU OLUWA CANAAN PARISH Statement of financial activities for the year ended 31st December 2025. Unrestrieted Restricted Total FuThds Total Funds 2025 2024 Notes IncomiN¥ Resourees General offering5 Gift Aid 43,475.42 9,593.36 1,000.00 44,475.42 9,593.36 62,574.86 7,335.98 Cirants Total Incoming Resources S3,068.78 1,000.00 54,068.78 69,910.84 Resources expended Direct charitAble expenditure Governance costs 57,530.53 .150.1)0 1,000.00 58,530.53 61,503.23 Total resources expended 57.880.53 4.OIMb.00 57,880.5.1 65J553.23 Movement in tot&1 fund for the )'ear- Net incnme I (expenditure) for the year 3,811.75 4,057.61 Net Gain (Losso o investment 3,811.75 4,057.61 Fund Bal blf 4.057.61 3.811.75 Fund Bal elf 4,057.61 AGBALA IYANU OLUWA CANAAN PARISH Balance sheet as of 31st December 2025. 2025 2025 2025 2024 Notes FIXED ASSETS Tangible 4s5ets CURRENT ASSETS 12 32,409J2 32,409J2 23,204.28 Debtors 13 Cash #t banklln hand 4,966.46 4.966.46 3,311.42 CREDITORS amounts falling due Trvithin one year 0.00 0.00 NET CURRENT ASSETS 4,966.46 4,966.46 3,311.42 TOTAL ASSETS LESS CURREprr LIABILITE.S 37,375.711 37,375.78 26,515.70 CREDITORS amounts falling due more than year 13 {1050.00) (1050.001 3,280.00 NET ASSETS 36,325.711 36,325.7¥ 23,235.70 CHARJTY FUIYDS Unrestrieted funds 36,325.78 36,325.78 23335.70 TOTAL FUNDS 36,325.78 36,325.78 23335.70 AGBALA IYANU OLUWA CANAAN PARISH Notes to the Financial Statement for the Year Ended 31st December 2025 l. Accounting policies Thc principal accounting poli¢i¢s arc sct out bclow. Thc accounting policics havc bccn adopted consistently throughout the year. a) Basis of accounting The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain fixed assets, and are in accordance with the Statement of Recommended Practice- Accounting and Reporting by Charities issued in March 2005 and the Financial Reporting Standard foT Smaller Entities {effective April 2008}. b) Incoming resources from generated funds Incoming resources from gvenerated funds represents donations towards weekly tithes, church building fund, thanksgiving, annual conference, travel and other contribution5 c) Incoming resources- Interest receivable Interest is credited in the year in which it is received. d) Resources expended Expenditure is recogTnised when a liability is incu￿ed. Funding provided through contractual agJreements and performance related grants are recogJnised as services (Ire supplied. Other g7rant payments are recogni5ed when a constructive obligJation arises that results in the payrnent being unavoidable. Costs of g¢n¢rating fuiids arc thosc costs incU￿ed in attracting voluntary income, and those inCu￿¢d in activitics that raise funds. Grants payable are payments made to third parties in the furtherance of the charitable objcctives of th¢ Trust. Singlc or mulii-year grants are acoounted for whcn cithcr the rccipicnt has a r¢asonablc ¢xpcctation that thcy will receive a grant and thc trustces havc agrccd to pay thc grant without condition. or thc rccipicnt has a r¢asonablc expectation that th¢y will receive a grant and any condition attsching to th¢ grant is outside of the control ot. the Trnst. Provisions for grants are made when the intention to make a grant has been communicated to the recipient biit there is uncertainty about either the timing of the grant or the amount of grant payable. Gov¢rnanc¢ costs includ¢ those incurr¢d in the gov¢rnan¢e of its assets and ar¢ priinarily associated with constitutional and statutory requirements. Support costs include central ￿nctionS and have been allocated to activity cost categories on a basis eonsistent with the use of resources. Depreeiation Depreciation is calculated at rates estimated to write off the cost of all tangTible fixed assets over their expected useful lives.. Equipment, Fixtures and Fitting.. 251/1 0 During the year under review, the church decided to continue to separate its equipinent from its furnilure fixtures and fillings. A deprecialion rale of 200/0 was applied on each category on a reducing balance basis. e} Fund slruclure The principal accounting policies are set out below. The accounting policies have been adopted consistently throughout the year. The funds held by the charity are either.. Unrestricted general funds - these are funds which can be used in accordance with the charitable objects at the discretion of the trustees. Designated funds - these are funds earmarked by the trustees out of unrestricted geiieral funds for specific future purposes or projects. Restricted fi]nds - these are funds that can only be used for restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for restricted purposes. Endowment funds - these are funds that represent assets which must be held pem]anently by the charity. Income arising on the endowment fi￿d can be used in accordance with the objects of the charity and is included in unrestricted income. Any capital gains or losses arising on the investments forni part of the fund. Investment management charges and legal advice relating to the fund are charged against the fund. D VAT The charity is not registered for VAT and accordingly expenditure includes VAT were appropriate. 2 Income resources Income comprises of donations and tithes 3 Employee information None of the trustees received any remuneration or reimbursemenl of expenses during the year. 4 Iyet income resources This is stated after charging 2025 2024 POST Depreciation 8,102.333 5,801.07 5 Taxation Thc charity is cxcmpt from corporation tax on its charity. 6 Tangible fixed assets Equipment Fixtures and fittings Total Cost: At l January 2025 Additions 27,130.61 13,381.04 40,511.65 27,130.61 13,381.04 40,511.65 At 31 December 2025 Depreciation At l January 2025 Provision for year At 31 December 2025 8,102.33 8,102.33 8,102.33 8,102.33 INET BOOK VALUE 32,409.32 32,409.32 7 Debtors 2025 2024 Prepayment and loans 1,550.00 8 Creditors: amounts falling due more than one year 2025 2024 Other Creditors 1,050.00 3,280.00 8 Creditors: amounts falling due within one year 2025 2024 Other Creditors AGBALA IYANU OLUWA CANAAN PARISH INCOME AND EXPENDITURE ACCOUNT FOR YEAR ENDED 31 DECEMBER 2025 INCOME Voluntary Donations Gift aid Grants 43,475.42 9.593.36 Total income 54,068.78 EXPENSES Rent 12,91407 4,206.90 797.83 4,050.00 7,133.04 197.65 3,895.85 946.60 8,977.03 8,878.89 209.15 117.70 0.00 ,017.30 761.36 900.00 1,137.01 539.28 Harvest Travel Fitting and Fixtures Music Equipment Electricity Spiritual items Welfare Expense5 Food bank Evangelism Stationaries Adhoc Expenses Utilities Refreshment Administration Accounting Volunteers Expenses Insuranee Phone Total Expenses 850.87 49,116.73 Surplus 4,952.05