UNLIMITED GRACE PARISH CELESTIAL CHURCH OF CHRIST <oNDO CHARITY REGISTRATION NO 1191926 ANNUAL RETURN FOR YEAR END 31st December 2024
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 admlnlstratlve Informatlon Trustees Rev Sarnson Jegede Ogunjinrin Plus Adesina Badejo Julianah Oluwatoyin Alabi Kemi Abraham Mutiat Olatundun Yusuf Chairperson. Address 17 Haseltine Road, London, SE26 SAF Charity registration no 1191926 Independent Examiners Solomon Allistar IMAATI 54 Carriocca Business Park Hellidon Close, Ardwick Manchester M124AH Bankers BACLAYS BANK
UNLIMITED GRACE PARISH CELESTIAL CHURCH OF CHRIST Report of the Trustees for the Year Ended 31" of December 2024. The trustees are pleased to present their report together with the financial statements of the charity for the year ended 31" December 2024. Structure, Governance and Management Objectives and Activities The objects of the Unlimited Grace Parish, Celestial Church of Christ are to advance the Christian Religion by 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 Counselling, Advice, and Information In propagating the name of Our Lord Jesus Christ, the parish engaged in evangelism, prayer sessions, spiritual covnselling, 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 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, ELJrope, and the USA. They also made provisions of Food items, clothing and household items to the communitls homeless, Elderly and other notable charities as well. 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 England/Wales 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. M3de judgments and estimates that are reasonable and prLJdent, Stated whether applicable accounting standards have been followed, subject to anv 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 ensure 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
UNLIMITED GRACE PARISH CELESTIAL CHURCH OF CHRIST Report of the Trustees for the Year Ended 31" December 2024 We, as 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 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 ch3rity's independent examiner is aware of that information. Independent Examiner: The Charity's independent examiner, Solomon Allistar 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.. 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 2024 I report on the financial statements of the charity for the year ended 31" December 2024 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 settion 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. Respective Responslbilltles 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 (the 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 lunder 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 Dirertions given by the Charity Commissioners. An examination includes a review of the accounting records kept bv 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 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 fair, view, and the report is limited to those matters set out in the statement below.
Independent Examiner'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 Att have not been met,. or 21 to which, in my opinion, attention should be drawn in order to enable 3 proper understanding of the financial statements to be reached. Signed.. SOLOMON ALLISTAR IMAATI Dated: 22ffjW2025
UNLIMITED GRACE PARISH CELESTIAL CHURCH OF CHRIST st Statement of financial activities for the year ended 31 December 2024. Unrestricted Restricted Total Funds Total Funds Dec 2024 Dec 2024 Dec 2024 Dec 2023 Note5 Incoming Resources General offerings Gift Aid Grants li 34,053.05 4,631.27 34,053.05 4,631.27 26,644.96 11,250.54 Total Incoming Resources 3&684.32 38,684J2 37,895.50 Resources expended Direct charitable expenditure Governance costs 44,307.66 44.307.66 3.1.771.70 Total resources expended 44,307.66 44J07.66 34.621.70 Movement in total fund for the year- Net ineome I {expenditure) for the year Net Gain {LossO on investment 15,623.34) 3,273.80 Fund Bal blf Fund Bal clf 15,623.34) 3,27.3.80 3,273.81
UNLIMITED GRACE PARISH CELESTIAL CHURCH OF CHRIST st Balance sheet as of December 31 2024. Dee 2024 Dec 2024 Dec 2024 Dec 2023 Note5 FIXED ASSETS Tangible a55ets CURRENT ASSETS 12 3,818.Ib2 3,818.02 2,S87.98 Debtors Cash at bank 13 3202.46 3,202.46 8,825.XI CREDITORS gmounts falling due within one yeAr 13 4.239.65 NET CURRENT ASSETS 7.020.48 7.020.4¥ 4.51$6.15 TOTAL ASSETS LESS CURRENT LIABILITES 7.020.48 7.020.48 7.174.13 NET ASSETS 7.020.48 7.020.48 7.174.13 CHARITY FUNDS Unrestricted funds 7,020.48 7.020.48 7,174.13 Restrleted funs TOTAL FUNDS 7,020.48 7,020.48 7,174.13 io
UNLIMITED GRACE PARISH CELESTIAL CHURCH OF CHRIST st Notes to the Financial Statement for the Year Ended 31 December 2024 l. Accounting, policies The principal accounting policies are set out below. The accounting policies have been adopted consistently throughout the year. a) Basis of accounting The financial slatements 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 for Smaller Entities (effective April 2008). b} Incoming resources from generated funds Incoming resources from generated funds represents donations towards weekly tithes, church building fund, thanksgiving, annual conference, travel and other contributions c) Incoming resources,. Interest receivable Interest is credited in the year in which il is received. d} Resources expended Expenditure is iecognised when a liability is incurred. Funding provided through contractual agFreements and performance related gsrants are recogJnised as Services are supplied. Other gJrant payments are recogynised when a constructive obligJation arises that results in Ihe payment beingF unavoidable. Costs of gcncrating funds are thosc costs incurred in attracting voluntary income, and thosc incurrcd in activitics that raisc funds. CJrants payable are payments made to third parties in the furtherance of the charitable objLetives of the Trust. .%ingle or multi-year grants are accounted for when eithLr the rLeipiLnt has a reasonable CXPCLtation that thcy will reLeive a grant and thc tru%tLes have agreed to pay the grant without 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 th¢ Trust. Provisions lor grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable. li
Governance costs include those incurred in the governance of its assets and are primarily associated with ConstitIOnal and statutory requirements. Support costs include ceT]tral functions and have been allocated to activity Cost categories on a basis consistent with the use of resources. Depreciation Depreciation is calculated at rates estimafrd to write off the cost of all tangible fixed assets over their expected useful lives.. Equipmcnt. Fixturcs and Fitting.. 20•/0 During the year under review. the church decided to continue to separate its equipment Irom its fumiture fixtures and tittings. A depreciation rate of 200/0 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 duoughout 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 tnLStees out of unrestricted general funds for specific ture purposes or projects. Restricted funds - these are funds that can only be used for restricted purposes Wlthin the objects of the charity. Restrictions arise when specified by the donor or when fid5 are raised for restricted purposes. Endowment funds - these are funds that represent assets which must be held pernianently by the charity. Income arising on the endowment fund can be used in accordance with ihe objects of the charity and is included in unrestricted income. Any capital gains OT105ses arising on the investments foTin part of the fund. Jnvestment management chargJes and legFal advice relatingJ to the fund aTe chaTgJed agsainst the fund. fj VAT Thc charity is not rcgistcrcd for VAT and accordingly cxpcnditurc includcs VAT wcrc 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 5ub5equence financial years as part of its income. 3 Employee information None of the trustees received any remuneration or reirnbursement of expenses during the year. 12
4 Net income resources This is stated after charging Dcc 2024 Dcc 2023 POST Depreciation 1,199.10 5 Taxation The charity is exernpt from corporation tax on its charity. 6 Tangible fixed assets Equipment Fixtures rdnd fittings Total Cost: At 15¢ January 2024 Additions At 31" December 2024 2,587.98 2,208.43 4,796.41 2,587.98 2,208.43 4,796.41 Depreciation At I ' January 2024 Provision for year At 31st December 2024 (954.51) (954.51) (954.51) (954.51) NET BOOK VALUE 3,818.02 3,818.02 7 Debtors Dec 2024 Dec 2024 Prepayment and loans 8 Creditors: amounts falling due within one year Dec 2024 Dec 2024 Other Creditors 2,258.00 13
UNLIMITED GRACE PARISH CELESTIAL CHURCH OF CHRIST INCOME AND EXPENDITURE ACCOUNT FOR YEAR ENDED December 31" 2024 IIYCOME Voluntary Donations Gift Aid 34,053.05 4,631.27 Total ineome 38,684.32 EXPENSES Rate 989.10 Technology Utilities 310.77 1,535.22 151.57 Household Item5 Travel Expenses Gifts 268.94 209.09 Misccllaneous 48.75 Music Instruments 2,184.55 656.58 Hotel Expenses Admin Cost 506.85 Rent 20,959.94 1,250.00 1,468.99 13,120.00 234.62 Evangelism Spiritual Items Annual Harvest Subsistence Accounting Fee Decorations 300.00 112.69 Total Expenses 44,480.13 Net Suplus l Deficit. (5.623.34) 14