UNLIMITED GRACE PARISH CELESTIAL CHURCH OF CHRIST ft¢ IONDO CHARITY REGISTRATION NO 1191926 st ANNUAL RETURN FOR YEAR END 31 December 2023
UNLIMITED GRACE PARISH CELESTIAL CHURCH OF CHRIST CONTENTS PAGE Legal and administrative information Report of the trustees Independent Examinerfs report Statement of financial activities Balance sheet io Notes to the financial statements 11-13 Income and Expenditure account 14
UNLIMITED GRACE PARISH CELESTIAL CHURCH OF CHRIST Legal and administrative information Trustees Rev Samson Jegede Ogunjinrin Ms Amina Rabiu Chairperson. Ms Marcia Yusuf Address 17 Haseltine Road, London, SE26 SAF Charity registration no 1191926 Independent Examiners Solomon Allistar IMAATI 54 Carriocca Business Park Hellidon Close, Ardwick Manchester M12 4AH Bankers BACLAYS BANK
UNLIMITED GRACE PARISH CELESTIAL CHURCH OF CHRIST Report of the Trustees for the Year Ended 31st of December 2023. The trustees are pleased to present their report together with the financial statements of the charity for the year ended 31" December 2023. Structure. Governance and Management Objectives and Activities The objects of the Unlimited Grace Parish, Celestial Church of Christ are to advance the Christian Religion bv propagating the doctrines of our Lord jesus Christ throughout the UK. To ensure that all members abide by tenets, injunctions, and bye-laws of the church. To ensure that all members abide by any statutory provisions and or local authority bye laws. To provide relief for both our members and the public. 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 counselling, 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 hospltals for treatment and cure. Financial assistance for charitable objects The parish donated generously to many individuals in need, such a5 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 wa5 done through our Spiritual Worships 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.
The Building Repair Project During the year under review, the church continued the work on the repair and maintenance of the church building. Annual Harvest Program Event Our annual harvest program was a great success that yielded fruitful results. We invited dignitaries from Africa, Europe, and the USA. The programme generated awareness of our activities in the local community hence leading to a increase in our weekly attendance and engagement in our activities. 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 8oard 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 Eoing concern basis lunless it is inappropriate to presume that the Charity will corbtinue 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 ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the Charitv and hence for taking reasonable steps for the detection and prevention of fraud and other irregularities. The Board of Trustees is responsible for the maintenarbce 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
UNLIMITED GRACE PARISH CELESTIAL CHURCH OF CHRIST st Report of the Trustees for the Year Ended 31 December 2023 We, as the Trustees of the Charity who held office at the d3te 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 which the Charity's independent examiner are unaware; and we have taken all the steps 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 is aware of that information. Independent Examiner.. The Charity's independent examiner, Solomon Alli5tar IMAATI of SAA BUSINESS SUPPORT LTD has 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- Samsonogunjinrin 1010812024 Rev Samson Jegede Ogunjinrin On behalf of Trustees Date
UNLIMITED GRACE PARISH CELESTIAL CHURCH OF CHRIST st Independent Examinerfs Report for the Year Ended 31 December 2023 I report on the financial statements of the charity for the year ended 31" December 2023 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 section 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 matter51 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. Respertlve Responslbllltles of Trustees and Examlner 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 (under 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. 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 Grouplcharity 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 no opinion is given as to whether the accounts present a 'true and fairf 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:
UNLIMITED GRACE PARISH CELESTIAL CHURCH OF CHRIST st Statement of financial activities for the year ended 31 December 2023. UDre5trieted Restrieted Tot#1 FuThd5 Total Funds Dec 2023 Dec 2023 Dec 2023 Dec 2022 Notes Ineoming Resources General offerings Gift Aid Grants 26,644.96 11,2SO.54 26,644.96 11,250.54 26,094.76 9666.91 Total Incoming Resources 37,895.50 .37,895.50 35,761.67 Re50ur¢es expended Direct ch&rit&ble ¢pendIture Governance £ost5 33,771.70 8511.00 33,771.711 850.0 32,008.04 850.00 Total resaurces expended 34,621.70 34,621.70 32,8511.04 Movement in total fund for the vear- Net iDeome I {expenditure) for the )'ear Net G#ln {Los$0 on investment 3,273.80 2.903.63 Fund Ilal blf 3,273.80 2.903.63 2,903.63 Fund Bal clf
UNLIMITED GRACE PARISH CELESTIAL CHURCH OF CHRIST st Balance sheet as of December 31 2023. Dee 2023 Dec 2023 Dee 2023 Dec 2022 Notes FIXED ASSETS Tan%ible assets CURRENT ASSETS 12 2587.98 2,587.98 2,635.98 Debtors 13 Cash at bank 8,825.80 8,825.80 4379.50 CREDITORS aount5 falliDg due within one year 13 2,258.00 4,239.65 4,239.6S NET CURRENT ASSETS 6,567.80 6.567.80 139.85 TOTAL ASSETS LESS CURRENT LL4BILITES 9,155.78 9,155.78 2,903.63 LYET ASSETS 9.155.78 9.155.78 2.903.63 CHARITY FUNDS Unrestricted funds 9,155.78 9.155.78 2.90.1.63 Restricted funs TOTAL FUNDS 9,155.78 9,155.78 2.903.63 io
UNLIMITED GRACE PARISH CELESTIAL CHURCH OF CHRIST st Notes to the Financial Statement for the Year Ended 31 December 2023 l. Accounting poli¢i¢s The principal accounting policies are set out below. The accounting policies have been adopted consistently thToughout the year. a) Basis of accounting The financial statements have been prepared under the historical cost convention, as odified by the revaluation of certain fixed assets, and are in accordance with the Statement of Recomrnellded Praclice.. Accounting and Reporting by Charities issued in March 2005 and the Financial Reporting Standard for Smaller Entities (effective April 2008). b) Incorning resources from g¢ncrat¢d funds Incoming resources from g¢ncratid funds represents donations towards weekly tith¢s, ohuT¢h building fund, thanksgiving, annual ¢onfcrcn¢e, travel and oih¢r contributions c) Incoming resources. Interest receivable Interest is credited in the year in which it is received. d) Resources expended Expenditure is recognised when a liability is incurred. Funding provided through contractual agreenients and perforniance related grants are recognised as services are supplied. Other grant payments are recognised when a constructive obligation arises that results in the payment being unavoidable. Costs of generating fidS are those costs incurred in attracting voluntary income, and those incurred in activities that raise funds. Grants payable are payments n]ade to third parties in the fiirtherance of the charitable objectives of the Trust. Single or multi-year grants are accounted for when either the recipient ha5 a reasonable expectation that they will receive a grant and the trustees have agreed to pay the grant withoul condition, or the recipient has a reasonable expectation that they will receive a grant and any condition attaching to the grant is outside of the control of the Trust. Provisions for grants arc mad¢ when the intcntion to make a grant has bccn vommuni¢at¢d to the recipi¢nt but th¢re is un¢¢rtainty about eith¢r th¢ timing of the grant or the amount of grant payable. G0vem]ee costs iiiclude those ii)curred in the govemaiice of its assets and are primarily associated with constitutional and statutory requirements. Support costs include central functions and have been allocated to activity cost li
categories on a basis consistent with the use of resources. Depreciation Dcprcciation 15 calculat¢d at ratcs cstimatcd to writ¢ off thc cost of all tAngiblc fixcd as8eLs over their expected ll8ethl live8: Equipment, Fixtures and Fitting: 201/1 0 During the year under review, the church decided to continue to separate its equipinent from its furniture fixtures and fittings. A depreciation rate of 20 /0 was applied on each category on a reducing balance basis. e) Fund structure The principal accounting policies are set out below. The accounting policies have been adopted consistently throughout the year. The ndS held by the chaTlty are either.. Unrestricted general funds - these are funds which can be used in accordance with the charitable objects at the discretion of the trustees. DesigJnated funds - these are funds eannarked by the trustees out of unrestricted gJeneral fund5 for specific future puryioses or projects. Restricted funds these are funds that can only be used for restricted purposcs within thc objccts of thc cliarity. Rcstrictions arisc whcn spccificd by thc donor or wlien funds arc raised for r¢strict¢d purposes. Endowment funds - these are funds that represent assets which must be held pemianently by the charity. Income arising on the endowment fund 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 fonn part of the fund. Investment manageinent charges and legal advice relating to the fuiid are charged against the fund. fj VAT The charity is not registered for VAT and accordingly expenditure includes VAT were appropriate. 2 Income resources Income comprises of donations, tithes, and gift aid. The charity has been granted HMRC charity recognition and will aim to claim for gift aid in the subsequence financial years as part of its incoine. 3 Employee information None of the trustees received any remuneration or reimbursement of expenses during the year. 4 Net income resources This is stated after charging 12
Dec 2023 Dec 2023 POST Depreciation 5 Taxation The charity is exempt from corporation tax on its charity. 6 Tangible fixed assets Equipment Fixtures and fittings Total Cost: At 1st January 2023 Additions At 315t December 2023 2635.98 599.00 3,234.98 2635.98 599.00 3,234.98 Depreciation At I" January 2023 Provision for year At 31, December 2023 (647.00) 2,587.98 {647.00) 2,587.98 NET BOOK VALUE 2,587.98 2,587.98 7 Debtors Dee 2023 Dec 2023 Prepayment and loans 8 Creditors.. amounts falling due within one year Dec 2023 Dec 2023 Other Creditors 2,258.00 13
UNLIMITED GRACE PARISH CELESTIAL CHURCH OF CHRIST INCOME AND EXPENDITURE ACCOUNT FOR YEAR ENDED December 31" 2023 INCOME Voluntary Donations Gift Aid 26,644.96 11,250.54 Total income 37,895.50 EXPENSES Rate 1,083.75 537.23 Teehnology Electriciti, 1,557.05 605.96 Household Items Fuel 505.61 Gifts 1052.98 Miscellaneous 966.75 Decorations 863.49 Vehicle Fxpenses Admin Cost 550.00 1,391.98 990.20 Insurance Rent 20,005.01 1,760.00 2,250.00 250.00 Evangelism Spiritual Items Professional Fees Subsistence 251.69 Total Expenses 34,621.70 Surplus 3,273.80 14