CELESTIAL CHURCH OF CHRIST Majemuoluwase Parish ACCOUNTS 31ST MAY 2023
EMMANUEL STEPHENS & CO. CHARTERED ACCOUNTANTS, BUSINESS ADVISERS & CONSULTANTS 62 BEECHWOOD ROAD, LONDON E8 3DY
CELESTIAL CHURCH OF CHRIST MAJEMUOLUWASE PARISH Report and Accounts for the period ended 31st May 2023
CELESTIAL CHURCH OF CHRIST MAJEMUOLUWASE PARISH
| Reports and Accounts | |
|---|---|
| CONTENTS | |
| Charity Information | 1 |
| Trustees annual report | 2 |
| Accountant's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to Accounts | 6-8 |
CELESTIAL CHURCH OF CHRIST MAJEMUOLUWASE PARISH
Charity Information
Trustees
Temidayo Egundebi Eric Funso Akinyeye Omolola Abosede Samuel Hungbo
Principal Location
Chardwell Business Park 61-65 Paulet Road, Block H , Unit 4 Camberwell New Road, Camberwell London SE5 9HW
Accountants
Emmanuel Stephens & Co 62 Beechwood Road London E8 3DY
Page 1
CELESTIAL CHURCH OF CHRIST MAJEMUOLUWASE PARISH
TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31ST MAY 2023
The trustees have the pleasure of submitting their report and the financial statements for the year ended 31 May 2023.
Review of Financial Position
Please refer to the annexed accounts for the details of the financial statements for the year ended 31 May 2023.
Reserves Policy
The trustees would like to work towards a situation whereby the charity could maintain unrestricted funds at a level which equates to approximately three months of unrestricted expenditure.
Trustees' Responsibilities in Relation to the Financial Statements
The Charities Act requires the Trustees to prepare financial statements for each financial year, which give 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 these financial statements, the trustees are required to:
-
a) Select suitable accounting policies and apply them consistently;
-
b) Make judgements and estimates that are reasonable and prudent;
-
c) State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements.
-
d) Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act. They are also responsible for safeguarding the assets of the charity and hence for taking any reasonable steps for the prevention and detection of fraud and other irregularities.
Approval
This report was approved by the Board of Trustees and signed on their behalf by:
Signature:
Name:
Date:
Page 2 CELESTIAL CHURCH OF CHRIST MAJEMUOLUWASE PARISH
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CELESTIAL CHURCH OF CHRIST MAJEMUOLUWASE PARISH
I report on the accounts of the Trust for the period ended 31 May 2023, which are set out on pages 4 to 8.
RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND EXAMINER
As the Charity's Trustees, you are responsible for the preparation of the Account: you consider that the audit requirement of section 43(2) of the Charities Act 1993 ("the Act") does not apply. It is my responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 43(7) of the Act, whether particular matters have come to my attention.
BASIS OF INDEPENDENT EXAMINER'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 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 explanations 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 I do not express an audit opinion on the view given by the Accounts.
INDEPENDENT EXAMINER'S STATEMENT
In connection with my examination, no matter has come to my attention:
-
Which gives me reasonable cause to believe that any material respect the requirements:
-
to keep accounting records in accordance with section 41 of the Act, and
-
to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act.
Have not been met: or
- To which, in my opinion, attention be drawn to enable a proper understanding of the accounts to be reached.
Emmanuel Stephens & Co. Chartered Accountants, Business Advisers & Consultants 62 Beechwood Road London E8 3DY
Page 3 CELESTIAL CHURCH OF CHRIST MAJEMUOLUWASE PARISH
Statement of Financial Activities for the period ended 31 May 2023
| Notes Incoming Resources Incoming resources from generated funds: Gift Aid 1a Total Incoming Resources Resources Expended Charitable activities: Gifts and donations and other charitable 2 purposes Governance costs: Management & Administration 3 Total Resources expended Net Incoming/(Outgoing) Resources for the year 4 Balance at 1 June 6 Net Movement in Funds Balance at 31 December |
2023 2022 Restricted Total £ £ £ 20,384 - 20,384 23,306 3,139 - 3,139 9,491 Unrestricted |
|---|---|
| 23,522-23,522 32,797 | |
| 251 - 251 902 26,156 - 26,156 26,183 |
|
| 26,407 0 26,407 27,085 |
|
| (2,884) 0 (2,884) 5,712 |
|
| (2,884) 0 (2,884) 5,712 10,632 - 10,632 4,920 |
|
| 7,748 - 7,748 10,632 |
All disclosures relate to the continuing operations. There are no recognised gains or losses other than those disclosed above.
Page 4 CELESTIAL CHURCH OF CHRIST MAJEMUOLUWASE PARISH
Balance sheet as at 31 May 2023
| Balance sheet as at 31 May2023 | |
|---|---|
| Notes FIXED ASSETS Tangible Fixed Assets 7 CURRENT ASSETS Debtors 8 Cash in Hand/ Bank CURRENT LIABILITIES Amount falling due within a year 9 NET CURRENT ASSETS NET ASSETS TOTAL FUNDS 6 Approved by the Trustees and Signed on their behalf: Signature: Name: Date: |
2023 2022 £ £ 258 3,362 |
| 258 3,362 0 0 -499 10,716 |
|
| -499 10,716 (3,446) (3,446) (3,945) 7,270 |
|
| (3,687) 10,632 |
|
| (3,687) 10,632 |
|
| 7,748 10,632 | |
Page 5 CELESTIAL CHURCH OF CHRIST MAJEMUOLUWASE PARISH
Notes to the financial statements for the period ended 31 May 2023
ACCOUNTING POLICIES
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.
1. 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 tithes, offerings and interest received during the year from investments and accounted for as unrestricted-funds.
1a. Voluntary Income: Donations
| y Income: Donations | |
|---|---|
| Tithes & Offerings Gift Aid |
2023 2022 20,384 23,306 3,139 9,491 |
| 23,52232,797 |
2. DIRECT CHARITABLE EXPENDITURE
This comprises all expenditure directly related to the objects of the of the charity. It also includes the expenditure in support of that activity where material.
| Donations Religious Materials Honorarium Transportation Publicity |
2023 2022 60 50 - 752 191 100 - - - - |
|---|---|
| 251 902 |
Page 6
3. MANAGEMENT AND ADMINISTRATION
| Page 6 3. MANAGEMENT AND ADMINISTRATION |
|
|---|---|
| Harvest expenses Pastor's due Rent & Rates Light & heat Telephone & fax & internet Printing, postage & stationery Refuse Insurance Repairs & renewals Legal & professional fees Bank charges & interest Church Expenses Depreciation Accountancy 4. NET MOVEMENT IN FUNDS FOR THE YEAR The net movement in funds for the year is stated after charging Depreciation of tangible fixed assets |
2023 2022 £ £ 2,064 - 430 365 16,727 18,000 - - - - - - 206 - - - 454 - 1,390 - - 4,677 3,922 1,552 1,552 500 500 |
| 26,156 26,183 | |
| 2023 2022 - 1,552 1,552 |
5.DEPRECIATION
Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Church & office equipment 6. FUNDS At 1 June 2022 Surplus/(Deficit) for the year At 31 May |
20% straight line Unrestricted Restricted Total Funds Funds Funds 2023 £ £ £ - - - 64 2,133 2,197 64 2,133 2,197 |
|---|---|
6.1 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.
6.2 RESTRICTED FUNDS
Restricted funds are used for the purpose as specified by the donor. Expenditure that meets these criteria is identified to the fund.
Page 7
7. FIXED ASSETS
| 7. FIXED ASSETS | ||
|---|---|---|
| Cost At 1 June 2023 Additions Disposals At 31 May 2024 Depreciation At 1 June 2023 Additions Disposals At 31 May 2024 Net Book Value At 31 May 2024 At 31 May 2023 8. DEBTORS Rent deposit Creditors Accruals 9.CREDITORS:AMOUNTS FALLING DUE WITHIN ONE YEAR |
Total £ £ - 7,762 7,762 - - 7,762 7,762 5,952 5,952 1,552 1,552 - - 7,504 7,504 258 258 - - 2023 2024 - - - - 2024 2023 - - 2,946 2,946 500 500 3,446 3,446 Furniture, Fixtures & Fittings |
|
| 7,762 | ||
| 5,952 1,552 - |
||
| 7,504 | ||
| 258 | ||
| - | ||
| - - | ||
| 2024 2023 - - 2,946 2,946 500 500 |
||
| 3,446 3,446 |
Page 8
| Opening Position | Opening Position | Cash Book | Cash Book | Adjustments | Adjustments | ||
|---|---|---|---|---|---|---|---|
| Dr | Cr | Dr | Cr | Dr | Cr | ||
| Furniture, Fixtures & Fittings Cost | 7762 | ||||||
| Furniture, Fixtures & Fittings Depn | 5952 | 1552 | |||||
| Debtors | |||||||
| Cash in Hand/ Bank | 1283 | 23522.32 | 25304.73 | ||||
| Other Creditors Accountancy | 500 | 500 | 500 | ||||
| Other Creditors | 2946 | 450.00 | |||||
| Accumulated Fund | 353 | ||||||
| Tithes Offerings & Donations | 20,383.62 | ||||||
| Gift Aid | 3,138.70 | ||||||
| Honorarium | 191.00 | ||||||
| Volunteer expenses | |||||||
| Pastoral | 430.05 | ||||||
| Rent & Rates | 16,726.94 | ||||||
| Light & heat | |||||||
| Telephone & fax & internet | |||||||
| Printing, postage & stationery | |||||||
| Insurance | |||||||
| Repairs & renewals | |||||||
| Professional | |||||||
| Accountancy | 500 | ||||||
| Bank charges & interest | |||||||
| Church Expenses | 4,676.60 | ||||||
| Donation | 60.00 | ||||||
| Harvest Expenses | 2,064.14 | ||||||
| Depreciation | 1552 | ||||||
| REFUSE | 206.00 | ||||||
| 9398 | 9398 | 48827.05 | 48827.05 | 2052 | 2052 |
Balance Sheet Profit & Loss Account Dr Cr Dr Cr 7762 7504 24805.32 25304.73 -499.41 500 2946 353 0 20,383.62 3,138.70 191 430.05 16726.94
----- Start of picture text -----
0
500
4676.6
60
2064.14
1552
206
----- End of picture text -----
32920.32 36254.73 26406.73 23522.32
CCC MAJEMUOLUWASE BANK ANALYSIS
Sort Code: 20-90-74
53073548
Bank: Barclays - Camberwell
| DATE | IN | DESCRIPTION | out | Balance | Cheq No |
|---|---|---|---|---|---|
| 20-May-23 | Bal | 1,282.43 | |||
| 23-May-23 | Benjamin Batus | 100.00 | 1,182.43 | ||
| 31-May-23 | 70.00 | Saidu A S | 1,252.43 | ||
| 1-Jun-23 | 244.30 | Deposit | 1,496.73 | ||
| 1-Jun-23 | 443.50 | Deposit | 1,940.23 | ||
| 2-Jun-23 | Rachman Propertes | 1,500.00 | 440.23 | ||
| 5-Jun-23 | O O Kusoro | 50.00 | 390.23 | ||
| 5-Jun-23 | 50.00 | Osinowo | 440.23 | ||
| 5-Jun-23 | 50.00 | adeneye | 490.23 | ||
| 7-Jun-23 | 70.00 | Adeneye | 560.23 | ||
| 7-Jun-23 | Pastoral | 50.00 | 510.23 | ||
| 13-Jun-23 | 87.70 | Deposit | 597.93 | ||
| 13-Jun-23 | 285.90 | Deposit | 883.83 | ||
| 19-Jun-23 | Ikea Ltd | 63.25 | |||
| 720.58 | |||||
| 28-Jun-23 | CCC Diocese | 70.00 | 650.58 | ||
| Deposit | 741.78 | ||||
| Deposit | 1,002.18 | ||||
| Deposit | 1,602.18 | ||||
| 7-Jul-23 | Rachman Propertes | 1,500.00 | 102.18 | ||
| 7-Jul-23 | 3,138.70 | HMRC | 3,240.88 | ||
| 10-Jul-23 | Ayman Busin | 6.00 | 3,234.88 | ||
| 10-Jul-23 | Vicdammy | 91.00 | 3,143.88 | ||
| 17-Jul-23 | Ikea | 141.00 | 3,002.88 | ||
| 17-Jul-23 | W H Smith | 5.99 | 2,996.89 | ||
| 17-Jul-23 | Freshfruit | 26.00 | 2,970.89 | ||
| 18-Jul-23 | 220.00 | Saidu A S | 3,190.89 | ||
| 24-Jul-23 | Grace Ige olusola | 20.00 | 3,170.89 | ||
| 24-Jul-23 | 40.00 | 3,130.89 | |||
| 24-Jul-23 | Abiglobal | 220.94 | 2,909.95 | ||
| 24-Jul-23 | O Bakare | 50.00 | 2,859.95 | ||
| 25-Jul-23 | 150.00 | Saidu | 3,009.95 | ||
| 26-Jul-23 | 50.00 | V Sobukola | 3,059.95 | ||
| 26-Jul-23 | Rox Meat | 96.00 | 2,963.95 | ||
| 31-Jul-23 | Payat Pump | 60.03 | 2,903.92 | ||
| 31-Jul-23 | Emmanuel Stephens | 950.00 | 1,953.92 | ||
| 31-Jul-23 | Abiglobal | 170.35 | 1,783.57 |
| 31-Jul-23 | Costco | 33.60 1,749.97 | |
|---|---|---|---|
| 31-Jul-23 | Costco | 82.00 1,667.97 | |
| 2-Aug-23 | ASDA | 18.001,649.97 | |
| 2-Aug-23 | 100.00 | Ezekiel Aina | 1,749.97 |
| 3-Aug-23 | Ade Cash & Carry | 180.31 1,569.66 | |
| 3-Aug-23 | 1,000.00569.66 | ||
| 4-Aug-23 | 814.20 | Deposit | 1,383.86 |
| 4-Aug-23 | 100.00 | Adeneye K S | 1,483.86 |
| 7-Aug-23 | Punjab Exotc Food | 105.001,378.86 | |
| 7-Aug-23 | Punjab Exotc Food | 111.001,267.86 | |
| 7-Aug-23 | Rox Meat | 120.001,147.86 | |
| 7-Aug-23 | Sumup Reachout | 210.00937.86 | |
| 7-Aug-23 | Abiglobal food | 309.50628.36 | |
| 7-Aug-23 | Uk Fresh fruit | 8.97619.39 | |
| 7-Aug-23 | Poundland Ltd | 33.50585.89 | |
| 7-Aug-23 | B & Q | 38.25547.64 | |
| 7-Aug-23 | Ennis Party | 40.00507.64 | |
| 7-Aug-23 | Toprak | 48.00459.64 | |
| 7-Aug-23 | Tropifresh | 68.00391.64 | |
| 7-Aug-23 | Ikea Ltd | 82.75308.89 | |
| 7-Aug-23 | I T Produce | 91.50217.39 | |
| 7-Aug-23 | R Willaims | 50.00167.39 | |
| 7-Aug-23 | 20.00 | Temitope Dasola | 187.39 |
| 7-Aug-23 | 30.00 | Adekoya O M | 217.39 |
| 7-Aug-23 | 50.00 | Ajewole | 267.39 |
| 7-Aug-23 | 50.00 | A Taiwo | 317.39 |
| 7-Aug-23 | 50.00 | Daniel Sangobiyi | 367.39 |
| 7-Aug-23 | 50.00 | Abidakun | 417.39 |
| 7-Aug-23 | 100.00 | Balogun | 517.39 |
| 7-Aug-23 | 650.00 | Egundebi | 1,167.39 |
| 8-Aug-23 | ifedayo O O | 170.00997.39 | |
| 8-Aug-23 | Sarah | 450.00547.39 | |
| 8-Aug-23 | SBO Abdulahi | 450.00 97.39 | |
| 10-Aug-23 | 50.00 | Folashade Oluwole | 147.39 |
| 11-Aug-23 | CCC Diocese | 100.00 47.39 | |
| 14-Aug-23 | Oluwadamilola Suara | 30.00 17.39 | |
| 14-Aug-23 | CCC New Glory | 30.00- 12.61 | |
| 14-Aug-23 | Rachman Propertes | 500.00- 512.61 | |
| 14-Aug-23 | 60.00 | Clementna | - 452.61 |
| 14-Aug-23 | 200.00 | Ogunkoya F A | - 252.61 |
| 14-Aug-23 | 800.00 | Ogunkoya F A | 547.39 |
| 15-Aug-23 | Timpson | 131.00416.39 | |
| 15-Aug-23 | 183.70 | Deposit | 600.09 |
| 15-Aug-23 | 50.00 | Fawehinmi | 650.09 |
| 18-Aug-23 | 100.00 | Oyedokun Segun | 750.09 |
| 21-Aug-23 | R Williams | 139.36 489.00 | |
|---|---|---|---|
| 21-Aug-23 | 2,001.21 | Deposit | 2,490.21 |
| 29-Aug-23 | 195.60 | Deposit | 2,685.81 |
| 31-Aug-23 | Adeoye | 120.00 2,565.81 | |
| 4-Sep-23 | Poundland | 14.00 2,551.81 | |
| 4-Sep-23 | Rachman Propertes | 1,500.00 1,051.81 | |
| 15-Sep-23 | 427.86 | Deposit | 1,479.67 |
| 18-Sep-23 | Dry Cleaners | 115.00 1,364.67 | |
| 18-Sep-23 | Elemduo | 50.00 1,314.67 | |
| 21-Sep-23 | 150.00 | Ogunkoya | 1,464.67 |
| 25-Sep-23 | Dry Cleaners | 61.001,403.67 | |
| 25-Sep-23 | Ikea | 72.00 1,331.67 | |
| 2-Oct-23 | Rachman Propertes | 1,500.00 - 168.33 | |
| 2-Oct-23 | 40.00 | Albert Oshinaya | - 128.33 |
| 2-Oct-23 | 200.00 | Denedo | 71.67 |
| 2-Oct-23 | 50.00 | adeneye | 121.67 |
| 3-Oct-23 | Pastoral | 40.00 81.67 | |
| 3-Oct-23 | 406.42 | Deposit | 488.09 |
| 9-Oct-23 | Kenrix Ltd | 112.00 376.09 | |
| 9-Oct-23 | B & Q | 46.00 330.09 | |
| 17-Oct-23 | 284.55 | Deposit | |
| 27-Oct-23 | 284.55 | 284.55 | 614.64 |
| 27-Oct-23 | Pastoral | 20.00 594.64 | |
| 30-Oct-23 | 540.00 | Deposit | 1,134.64 |
| 30-Oct-23 | 201.70 | Deposit | 1,336.34 |
| 6-Nov-23 | Rachman Propertes | 1,500.00 - 163.66 | |
| 6-Nov-23 | 100.00 | Egundebi | - 63.66 |
| 10-Nov-23 | Pastoral | 40.15 - 103.81 | |
| 13-Nov-23 | Ayman Busin | 4.90- 108.71 | |
| 13-Nov-23 | 280.70 | Deposit | 171.99 |
| 13-Nov-23 | 403.86 | Deposit | 575.85 |
| 17-Nov-23 | Rachman Propertes | 300.00 275.85 | |
| 27-Nov-23 | 100.00 | Faloye | 375.85 |
| 27-Nov-23 | 693.70 | Deposit | 1,069.55 |
| 4-Dec-23 | Rachman Propertes | 1,000.00 69.55 | |
| 6-Dec-23 | Adesola Bodumde | 15.00 54.55 | |
| 11-Dec-23 | Kenrix Ltd | 119.00 - 64.45 | |
| 11-Dec-23 | 793.13 | Deposit | 728.68 |
| 12-Dec-23 | Rachman Propertes | 800.00 - 71.32 | |
| 18-Dec-23 | Morrisons | 11.40 - 82.72 | |
| 2-Jan-24 | Pastoral | 35.05- 117.77 | |
| 5-Jan-24 | R Williams | 1,000.00 - 1,117.77 |
| 5-Jan-24 | 1,000.00 | Ajewole JB | - 117.77 | |
|---|---|---|---|---|
| 8-Jan-24 | 497.20 | Deposit | 379.43 | |
| 16-Jan-24 | Rachman Propertes | 800.00 | - 420.57 | |
| 16-Jan-24 | 350.00 | Transfer | - 70.57 | |
| 17-Jan-24 | Pastoral | 40.00 | - 110.57 | |
| 494.30 | Deposit | 383.73 | ||
| 5-Feb-24 | 927.85 | Deposit | 1,311.58 | |
| 5-Feb-24 | Rachman Propertes | 1,000.00 | 311.58 | |
| 6-Feb-24 | 252.92 | Deposit | 564.50 | |
| 16-Feb-24 | Rachman Propertes | 800.00 | - 235.50 | |
| 16-Feb-24 | 150.00 | Transfer | - 85.50 | |
| 20-Feb-24 | 377.60 | Deposit | 292.10 | |
| 4-Mar-24 | Kenrix Ltd | 119.00 | 173.10 | |
| 4-Mar-24 | Dry Cleaners | 120.00 | 53.10 | |
| 11-Mar-24 | Tasty | 64.00 | - 10.90 | |
| 11-Mar-24 | Timpson | 82.98 | - 93.88 | |
| 11-Mar-24 | 35.00 | Ayo Onibuje | - 58.88 | |
| 11-Mar-24 | 100.00 | Faloye | 41.12 | |
| 11-Mar-24 | 87.40 | Transfer | 128.52 | |
| 12-Mar-24 | Pastoral | 40.00 | 88.52 | |
| 14-Mar-24 | 274.35 | Deposit | 362.87 | |
| 18-Mar-24 | 410.50 | Deposit | 773.37 | |
| 19-Mar-24 | Rachman Propertes | 800.00 | ||
| 25-Mar-24 | Haji Grocery | 18.14 | 755.23 | |
| 2-Apr-24 | Morrisons | 22.31 | 732.92 | |
| 2-Apr-24 | Kenrix Ltd | 59.50 | 673.42 | |
| 2-Apr-24 | A Adeoye | 120.00 | 553.42 | |
| 2-Apr-24 | 200.00 | Egundebi | 753.42 | |
| 2-Apr-24 | 347.85 | 1,101.27 | ||
| 2-Apr-24 | 529.70 | 1,630.97 | ||
| April | 1,000.00 | 630.97 | ||
| April | 100.00 | 730.97 | ||
| April | 388.40 | 1,119.37 | ||
| 1,119.37 | ||||
| 22-Apr-24 | Rachman Propertes | 800.00 | 319.37 | |
| 22-Apr-24 | 400.00 | 719.37 | ||
| 30-Apr-24 | 30.00 | 749.37 | ||
| 30-Apr-24 | 402.17 | 1,151.54 | ||
| 1-May-24 | Kentrix Builders | 63.50 | 1,088.04 | |
| 9-May-24 | 245.80 | Deposit | 1,333.84 | |
| 13-May-24 | Kentrix Builders | 59.50 | 1,274.34 | |
| 13-May-24 | 1,000.00 | 274.34 | ||
| 13-May-24 | 50.00 | 324.34 | ||
| 13-May-24 | 400.00 | 724.34 | ||
| 17-May-24 | 40.00 | 684.34 |
| 23,522.32 | 25,365.73 | ||
|---|---|---|---|
| Gif Aid | 3,138.70 | ||
| Donatons | 20,383.62 | ||
| RENT | 16,726.94 | ||
| Pastoral | 430.05 | ||
| Harvest Expenses | 2,064.14 | ||
| Honorarium | 0.00 | ||
| REFUSE | 206.00 | ||
| Electricity | 0.00 | ||
| Gas | 0.00 | ||
| Church Expenses | 4,676.60 | ||
| Travel | 0.00 | ||
| HONOURARIUM | 191.00 | ||
| Fixtures | 0.00 | ||
| Accountacy Fees | 950.00 | ||
| BANK CHARGES | 0.00 | ||
| Phone Exp | 0.00 | ||
| Donaton | 60.00 | ||
| Miscellanious | 0.00 | ||
| Savings | 0.00 |
| 18-Oct-22 | Deposit | 773.37 | |
|---|---|---|---|
| 24-Oct-22 | Kenrix Ltd | 109.00 664.37 | |
| 31-Oct-22 | 728.90 | 49 Hays | 1,393.27 |
| 31-Oct-22 | Ikea | 101.75 1,291.52 | |
| 4-Nov-22 | Chartwell Mgt Assoc | 1,000.00291.52 | |
| 7-Nov-22 | 631.51 | Deposit | 923.03 |
| 9-Nov-22 | Chartwell Mgt Assoc | 500.00 423.03 | |
| 14-Nov-22 | Kenrix Ltd | 54.50 368.53 | |
| 1-Dec-22 | CCC Diocese | 90.00 278.53 | |
| 5-Dec-22 | Chartwell Mgt Assoc | 1,000.00 - 721.47 | |
| 5-Dec-22 | 125.60 | Deposit | - 595.87 |
| 5-Dec-22 | 195.20 | Deposit | - 400.67 |
| 5-Dec-22 | 263.20 | Deposit | - 137.47 |
| 7-Dec-22 | Chartwell Mgt Assoc | 500.00 - 637.47 | |
| 12-Dec-22 | Cash Withdrawal | 100.00 - 737.47 | |
| 12-Dec-22 | Abayomi Olajide | 100.00 - 837.47 | |
| 19-Dec-22 | Morrisons | 22.40 - 859.87 | |
| 19-Dec-22 | Kenrix Ltd | 23.00 - 882.87 | |
| 19-Dec-22 | 89.50 | Deposit | - 793.37 |
| 19-Dec-22 | 307.50 | Deposit | - 485.87 |
| 20-Dec-22 | Morrisons | 31.96 - 517.83 |
| 23-Dec-22 | Morrisons | 56.44 - 574.27 | |
|---|---|---|---|
| 23-Dec-22 | 114.27 | Deposit | - 460.00 |
| 23-Dec-22 | 115.63 | Deposit | - 344.37 |
| 23-Dec-22 | 134.00 | Deposit | - 210.37 |
| 23-Dec-22 | 162.00 | Deposit | - 48.37 |
| 23-Dec-22 | 234.90 | Deposit | 186.53 |
| 23-Dec-22 | 250.25 | Deposit | 436.78 |
| 23-Dec-22 | 415.65 | Deposit | 852.43 |
| 28-Dec-22 | Ikea | 110.00 742.43 | |
| 28-Dec-22 | St James Supermarket | 22.71 719.72 | |
| 3-Jan-23 | A Adeoye | 120.00 599.72 | |
| 5-Jan-23 | Chartwell Mgt Assoc | 1,500.00 - 900.28 | |
| 9-Jan-23 | Vivian Coker | 30.00 - 930.28 | |
| 9-Jan-23 | 173.20 | Deposit | - 757.08 |
| 9-Jan-23 | 266.85 | Deposit | - 490.23 |
| 16-Jan-23 | Kenrix Ltd | 55.00 - 545.23 | |
| 23-Jan-23 | H Dry Cleaner | 80.00 - 625.23 | |
| 23-Jan-23 | 256.01 | Deposit | - 369.22 |
| 23-Jan-23 | 291.20 | Deposit | - 78.02 |
| 30-Jan-23 | Standard DIY | 60.00 - 138.02 | |
| 2-Feb-23 | Benjamin Batus | 120.00 - 258.02 | |
| 2-Feb-23 | Rachman Propertes | 1,500.00 - 1,758.02 | |
| 6-Feb-23 | M&H Dry cleaners | 53.50 - 1,811.52 | |
| 13-Feb-23 | 50.00 | kassim R O | - 1,761.52 |
| 14-Feb-23 | 199.90 | Deposit | - 1,561.62 |
| 14-Feb-23 | 383.50 | Deposit | - 1,178.12 |
| 20-Feb-23 | Homethif | 135.96 - 1,314.08 | |
| 20-Feb-23 | Standard DIY | 60.00 - 1,374.08 | |
| 20-Feb-23 | Sum up Ennis Party | 80.00 - 1,454.08 | |
| 27-Feb-23 | 20.00 | Saidu AS | - 1,434.08 |
| 3-Mar-23 | Rachman Propertes | 1,500.00 - 2,934.08 | |
| 6-Mar-23 | E Akinosho | 140.00 - 3,074.08 | |
| 6-Mar-23 | 129.96 | Deposit | - 2,944.12 |
| 6-Mar-23 | 409.60 | Deposit | - 2,534.52 |
| 13-Mar-23 | M&H Dry cleaners | 50.00 - 2,584.52 | |
| 20-Mar-23 | A Adeoye | 100.00 - 2,684.52 | |
| 20-Mar-23 | 254.55 | Deposit | - 2,429.97 |
| 20-Mar-23 | 342.00 | Deposit | - 2,087.97 |
| 21-Mar-23 | 48.15 | Deposit | - 2,039.82 |
| 21-Mar-23 | 169.00 | Deposit | - 1,870.82 |
| 21-Mar-23 | Kenrix Ltd | 63.5 - 1,934.32 | |
| 3-Apr-23 | Rachman Propertes | 1500 - 3,434.32 | |
| 11-Apr-23 | Morrisons | 15.8 - 3,450.12 | |
| 11-Apr-23 | Kenrix Ltd | 55 - 3,505.12 | |
| 11-Apr-23 | 101.45 | Deposit | - 3,403.67 |
| 11-Apr-23 | 153.90 | Deposit | - 3,249.77 |
| 11-Apr-23 | 169.90 | Deposit | - 3,079.87 |
| 24-Apr-23 | M&H Dry cleaners | 34 - 3,113.87 |
| 24-Apr-23 | Kenrix Ltd | 55 - 3,168.87 | |
|---|---|---|---|
| 24-Apr-23 | 78.50 | Deposit | - 3,090.37 |
| 24-Apr-23 | 484.75 | Deposit | - 2,605.62 |
| 2-May-23 | Candle makers | 140 - 2,745.62 | |
| 2-May-23 | Rachman Propertes | 1500 - 4,245.62 | |
| 9-May-23 | CCC Diocese | 30 - 4,275.62 | |
| 9-May-23 | 105.00 | Deposit | - 4,170.62 |
| 9-May-23 | 255.15 | Deposit | - 3,915.47 |
| 15-May-23 | Kenrix Ltd | 110 - 4,025.47 | |
| 19-May-23 | Benjamin Batus | 150 - 4,175.47 | |
| - 4,175.47 | |||
| - 4,175.47 | |||
| - 4,175.47 | |||
| 78,677.64 | 89,095.71 - 14,593.54 | ||
| Gift Aid | 5,850.65 | ||
| Donations | 72,826.99 |
| RENT | 19000 |
|---|---|
| Pastoral | 330 |
| Harvest Expenses | 2489.77 |
| Honorarium | 0 |
| REFUSE | 516 |
| Electricity | 0 |
| Gas | 0 |
| Church Expenses | 5495.18 |
| Travel | 0 |
| HONOURARIUM | 65 |
| Fixtures | 0 |
| Accountacy Fees | 1376.61 |
| BANK CHARGES | 0 |
| Phone Exp | 0 |
| Donation | 0 |
| Miscellanious | 0 |
| Savings | 0 |
| 29272.56 |
| Harvest | Honorariu | ||||||
|---|---|---|---|---|---|---|---|
| RENT | Pastoral | Expenses | m | REFUSE | Electricity | Gas | Church Expenses |
| 100.00 | |||||||
| - | |||||||
| - | |||||||
| - | |||||||
| 1,500.00 | |||||||
| 50.00 | |||||||
| 63.25 | |||||||
| 70.00 | |||||||
| 1,500.00 | |||||||
| - | |||||||
| 6.00 | |||||||
| 91.00 | |||||||
| 5.99 | |||||||
| 26.00 | |||||||
| - | |||||||
| 20.00 | |||||||
| 40.00 | |||||||
| 220.94 | |||||||
| 50.00 | |||||||
| - | |||||||
| - | |||||||
| 96.00 | |||||||
| 60.03 | |||||||
| 170.35 |
33.60 82.00 18.00 - 180.31 1,000.00 105.00 111.00 120.00 210.00 309.50 8.97 33.50 38.25 40.00 48.00 68.00 82.75 91.50 50.00 170.00 450.00 450.00 - 100.00 500.00 131.00
139.36 - - 120.00 14.00 1,500.00 - 115.00 50.00 - 72.00 1,500.00 - - 40.00 - 112.00 46.00 - 20.00 - - 1,500.00 - 40.15 4.90 - - 300.00 0.00 1,000.00 15.00 119.00 0.00 800.00 11.40 35.05 1,000.00
800.00 - 40.00 - 1,000.00 800.00 - - 119.00 120.00 64.00 82.98 - 40.00 - 800.00 18.14 22.31 59.50 120.00 1,000.00 800.00 63.50 59.50 1,000.00 40.00
16,726.94 430.05
2,064.14
0.00
206.00
0.00 0.00
4,676.60
- 109.00 101.75 1,000.00 500.00 54.50 90.00 1,000.00 500.00 100.00 100.00 22.40 23.00 31.96
56.44
110.00 22.71 120.00 1,500.00 30.00 55.00 80.00 60.00 120.00 1,500.00 53.50 135.96 60.00 80.00 1,500.00 140.00 50.00 100.00 63.5 1500 15.8 55 34
55
| 140 | |||||||
|---|---|---|---|---|---|---|---|
| 1500 | |||||||
| 30 | |||||||
| 110 | |||||||
| 150 | |||||||
| 43,953.88 | 950.10 | 4,128.28 | 0.00 | 412.00 | 0.00 | 0.00 | 11,822.72 |
| HONOUR | Accountac | BANK | Phone | Miscellani | ||||
|---|---|---|---|---|---|---|---|---|
| Travel | ARIUM | Fixtures | y Fees | CHARGES | Exp | Donaton | ous | Savings |
| 50.00 | ||||||||
| 141.00 | ||||||||
| 950.00 |
£30.00 £30.00
0.00 191.00 0.00 950.00 0.00 0.00 60.00 0.00 0.00
£61.00
0.00 382.00 0.00 1,900.00 0.00 0.00 120.00 61.00 0.00
TOTAL
£0.00 £100.00 £0.00 £0.00 £0.00 £1,500.00 £50.00 £0.00 £0.00 £0.00 £50.00 £0.00 £0.00 £0.00 £63.25 £0.00 £0.00 £0.00 £0.00 £70.00 £0.00 £0.00 £0.00 £1,500.00 £0.00 £6.00 £91.00 £141.00 £5.99 £26.00 £0.00 £20.00 £40.00 £220.94 £50.00 £0.00 £0.00 £96.00 £60.03 £950.00 £170.35
£33.60 £82.00 £18.00 £0.00 £180.31 £1,000.00 £0.00 £0.00 £105.00 £111.00 £120.00 £210.00 £309.50 £8.97 £33.50 £38.25 £40.00 £48.00 £68.00 £82.75 £91.50 £50.00 £0.00 £0.00 £0.00 £0.00 £0.00 £0.00 £0.00 £0.00 £170.00 £450.00 £450.00 £0.00 £100.00 £30.00 £30.00 £500.00 £0.00 £0.00 £0.00 £131.00 £0.00 £0.00 £0.00 £0.00 £0.00 £0.00
£0.00 £0.00 £0.00 £0.00 £0.00 £139.36 £0.00 £0.00 £120.00 £14.00 £1,500.00 £0.00 £115.00 £50.00 £0.00 £0.00 £72.00 £1,500.00 £0.00 £0.00 £0.00 £40.00 £0.00 £112.00 £46.00 £0.00 £20.00 £0.00 £0.00 £1,500.00 £0.00 £40.15 £4.90 £0.00 £0.00 £300.00 £0.00 £0.00 £1,000.00 £15.00 £119.00 £0.00 £800.00 £11.40 £35.05 £1,000.00
£0.00 £0.00 £800.00 £0.00 £40.00 £0.00 £0.00 £1,000.00 £0.00 £800.00 £0.00 £0.00 £119.00 £120.00 £64.00 £82.98 £0.00 £0.00 £0.00 £40.00 £0.00 £0.00 £800.00 £0.00 £0.00 £18.14 £22.31 £59.50 £120.00 £0.00 £0.00 £0.00 £1,000.00 £0.00 £0.00 £0.00 £800.00 £0.00 £0.00 £0.00 £63.50 £0.00 £59.50 £1,000.00 £0.00 £0.00 £40.00
25,304.73
£0.00 £109.00 £0.00 £101.75 £1,000.00 £0.00 £500.00 £54.50 £90.00 £1,000.00 £0.00 £0.00 £0.00 £500.00 £100.00 £100.00 £22.40 £23.00 £0.00 £0.00 £31.96
£56.44 £0.00 £0.00 £0.00 £0.00 £0.00 £0.00 £0.00 £110.00 £22.71 £120.00 £1,500.00 £30.00 £0.00 £0.00 £55.00 £80.00 £0.00 £0.00 £60.00 £120.00 £1,500.00 £53.50 £0.00 £0.00 £0.00 £135.96 £60.00 £80.00 £0.00 £1,500.00 £140.00 £0.00 £0.00 £50.00 £100.00 £0.00 £0.00 £0.00 £0.00 £63.50 £1,500.00 £15.80 £55.00 £0.00 £0.00 £0.00 £34.00
£55.00 £0.00 £0.00 £140.00 £1,500.00 £30.00 £0.00 £0.00 £110.00 £150.00 £0.00 £0.00 £0.00 63,668.98
CELESTIAL CHURCH OF CHRIST Majemuoluwase Parish ACCOUNTS 31ST MAY 2023
EMMANUEL STEPHENS & CO. CHARTERED ACCOUNTANTS, BUSINESS ADVISERS & CONSULTANTS 62 BEECHWOOD ROAD, LONDON E8 3DY
CELESTIAL CHURCH OF CHRIST MAJEMUOLUWASE PARISH Report and Accounts for the period ended 31st May 2023
CELESTIAL CHURCH OF CHRIST MAJEMUOLUWASE PARISH
| Reports and Accounts | |
|---|---|
| CONTENTS | |
| Charity Information | 1 |
| Trustees annual report | 2 |
| Accountant's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to Accounts | 6-8 |
CELESTIAL CHURCH OF CHRIST MAJEMUOLUWASE PARISH
Charity Information
Trustees
Temidayo Egundebi Eric Funso Akinyeye Omolola Abosede Samuel Hungbo
Principal Location
Chardwell Business Park 61-65 Paulet Road, Block H , Unit 4 Camberwell New Road, Camberwell London SE5 9HW
Accountants
Emmanuel Stephens & Co 62 Beechwood Road London E8 3DY
Page 1
CELESTIAL CHURCH OF CHRIST MAJEMUOLUWASE PARISH
TRUSTEES ANNUAL REPORT FOR THE YEAR ENDED 31ST MAY 2023
The trustees have the pleasure of submitting their report and the financial statements for the year ended 31 May 2023.
Review of Financial Position
Please refer to the annexed accounts for the details of the financial statements for the year ended 31 May 2023.
Reserves Policy
The trustees would like to work towards a situation whereby the charity could maintain unrestricted funds at a level which equates to approximately three months of unrestricted expenditure.
Trustees' Responsibilities in Relation to the Financial Statements
The Charities Act requires the Trustees to prepare financial statements for each financial year, which give 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 these financial statements, the trustees are required to:
-
a) Select suitable accounting policies and apply them consistently;
-
b) Make judgements and estimates that are reasonable and prudent;
-
c) State whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements.
-
d) Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The Trustees are responsible for keeping proper accounting records, which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act. They are also responsible for safeguarding the assets of the charity and hence for taking any reasonable steps for the prevention and detection of fraud and other irregularities.
Approval
This report was approved by the Board of Trustees and signed on their behalf by:
Signature:
Name:
Date:
Page 2 CELESTIAL CHURCH OF CHRIST MAJEMUOLUWASE PARISH
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CELESTIAL CHURCH OF CHRIST MAJEMUOLUWASE PARISH
I report on the accounts of the Trust for the period ended 31 May 2023, which are set out on pages 4 to 8.
RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND EXAMINER
As the Charity's Trustees, you are responsible for the preparation of the Account: you consider that the audit requirement of section 43(2) of the Charities Act 1993 ("the Act") does not apply. It is my responsibility to state, on the basis of procedures specified in the General Directions given by the Charity Commissioners under section 43(7) of the Act, whether particular matters have come to my attention.
BASIS OF INDEPENDENT EXAMINER'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 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 explanations 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 I do not express an audit opinion on the view given by the Accounts.
INDEPENDENT EXAMINER'S STATEMENT
In connection with my examination, no matter has come to my attention:
-
Which gives me reasonable cause to believe that any material respect the requirements:
-
to keep accounting records in accordance with section 41 of the Act, and
-
to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the Act.
Have not been met: or
- To which, in my opinion, attention be drawn to enable a proper understanding of the accounts to be reached.
Emmanuel Stephens & Co. Chartered Accountants, Business Advisers & Consultants 62 Beechwood Road London E8 3DY
Page 3 CELESTIAL CHURCH OF CHRIST MAJEMUOLUWASE PARISH
Statement of Financial Activities for the period ended 31 May 2023
| Notes Incoming Resources Incoming resources from generated funds: Gift Aid 1a Total Incoming Resources Resources Expended Charitable activities: Gifts and donations and other charitable 2 purposes Governance costs: Management & Administration 3 Total Resources expended Net Incoming/(Outgoing) Resources for the year 4 Balance at 1 June 6 Net Movement in Funds Balance at 31 December |
2023 2022 Restricted Total £ £ £ 20,384 - 20,384 23,306 3,139 - 3,139 9,491 Unrestricted |
|---|---|
| 23,522-23,522 32,797 | |
| 251 - 251 902 24,092 - 24,092 26,183 |
|
| 24,343 0 24,343 27,085 |
|
| (820) 0 (820) 5,712 |
|
| (820) 0 (820) 5,712 10,632 - 10,632 4,920 |
|
| 9,812 - 9,812 10,632 |
All disclosures relate to the continuing operations. There are no recognised gains or losses other than those disclosed above.
Page 4 CELESTIAL CHURCH OF CHRIST MAJEMUOLUWASE PARISH
Balance sheet as at 31 May 2023
| Balance sheet as at 31 May2023 | |
|---|---|
| Notes FIXED ASSETS Tangible Fixed Assets 7 CURRENT ASSETS Debtors 8 Cash in Hand/ Bank CURRENT LIABILITIES Amount falling due within a year 9 NET CURRENT ASSETS NET ASSETS TOTAL FUNDS 6 Approved by the Trustees and Signed on their behalf: Signature: Name: Date: |
2023 2022 £ £ 258 3,362 |
| 258 3,362 0 0 -499 10,716 |
|
| -499 10,716 (3,446) (3,446) (3,945) 7,270 |
|
| (3,687) 10,632 |
|
| (3,687) 10,632 |
|
| 9,812 10,632 | |
Page 5 CELESTIAL CHURCH OF CHRIST MAJEMUOLUWASE PARISH
Notes to the financial statements for the period ended 31 May 2024
ACCOUNTING POLICIES
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.
1. 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 tithes, offerings and interest received during the year from investments and accounted for as unrestricted-funds.
1a. Voluntary Income: Donations
| y Income: Donations | |
|---|---|
| Tithes & Offerings Gift Aid |
2023 2022 20,384 23,306 3,139 9,491 |
| 23,52232,797 |
2. DIRECT CHARITABLE EXPENDITURE
This comprises all expenditure directly related to the objects of the of the charity. It also includes the expenditure in support of that activity where material.
| Donations Religious Materials Honorarium Transportation Publicity |
2023 2022 60 50 - 752 191 100 - - - - |
|---|---|
| 251 902 |
Page 6
3. MANAGEMENT AND ADMINISTRATION
| Page 6 3. MANAGEMENT AND ADMINISTRATION |
|
|---|---|
| Harvest expenses Pastor's due Rent & Rates Light & heat Telephone & fax & internet Printing, postage & stationery Refuse Insurance Repairs & renewals Legal & professional fees Bank charges & interest Church Expenses Depreciation Accountancy 4. NET MOVEMENT IN FUNDS FOR THE YEAR The net movement in funds for the year is stated after charging Depreciation of tangible fixed assets |
2024 2023 £ £ - - 430 365 16,727 18,000 - - - - - - 206 - - - 454 - 1,390 - - 4,677 3,922 1,552 1,552 500 500 |
| 24,092 26,183 | |
| 2023 2022 - 1,552 1,552 |
5.DEPRECIATION
Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Church & office equipment 6. FUNDS At 1 June 2022 Surplus/(Deficit) for the year At 31 May |
20% straight line Unrestricted Restricted Total Funds Funds Funds 2023 £ £ £ - - - 64 2,133 2,197 64 2,133 2,197 |
|---|---|
6.1 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.
6.2 RESTRICTED FUNDS
Restricted funds are used for the purpose as specified by the donor. Expenditure that meets these criteria is identified to the fund.
Page 7
7. FIXED ASSETS
| 7. FIXED ASSETS | ||
|---|---|---|
| Cost At 1 June 2023 Additions Disposals At 31 May 2024 Depreciation At 1 June 2023 Additions Disposals At 31 May 2024 Net Book Value At 31 May 2024 At 31 May 2023 8. DEBTORS Rent deposit Creditors Accruals 9.CREDITORS:AMOUNTS FALLING DUE WITHIN ONE YEAR |
Total £ £ - 7,762 7,762 - - 7,762 7,762 5,952 5,952 1,552 1,552 - - 7,504 7,504 258 258 - - 2024 2023 - - - - 2024 2023 - - 2,946 2,946 500 500 3,446 3,446 Furniture, Fixtures & Fittings |
|
| 7,762 | ||
| 5,952 1,552 - |
||
| 7,504 | ||
| 258 | ||
| - | ||
| - - | ||
| 2024 2023 - - 2,946 2,946 500 500 |
||
| 3,446 3,446 |
Page 8