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: 1. 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 2. 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: 1. 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 2. 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