2021-08-31-accounts

CELESTIAL CHURCH OF CHRIST REVELATION OF HOPE PARISH FINANCIAL STATEMENT FOR THE YEAR ENDED JUNE 30th 2022

EMMANUEL STEPHENS & CO. CHARTERED ACCOUNTANTS, BUSINESS ADVISERS & CONSULTANTS 62 BEECHWOOD ROAD LONDON E8 3DY

CELESTIAL CHURCH OF CHRIST REVELATION OF HOPE PARISH FINANCIAL STATEMENT FOR THE YEAR ENDED JUNE 30th 2022 Reports and Accounts

CONTENTS

Company Information	1
Trustees Report	2
Accountant's Report	3
Statement of Financial Activities	4
Balance Sheet	5
Notes to Accounts	6 &7

CELESTIAL CHURCH OF CHRIST REVELATION OF HOPE PARISH FINANCIAL STATEMENT FOR THE YEAR ENDED JUNE 30th 2022

CHARITY REGISTRATION NUMBER IN ENGLAND AND WALES 1192163

CELESTIAL CHURCH OF CHRIST REVELATION OF HOPE PARISH FINANCIAL STATEMENT FOR THE YEAR ENDED JUNE 30th 2022

Charity Information

THE MANAGEMENT COMMITTEE:

Chairperson

Ipoola Okelola

General Secretary C O Olatunji

Charity Number 1192163

BUSINESS OFFICE

Unit 4, 4-7 Leeds Place off Tollington Park LONDON N4 3RF

BANKERS

Lloyds Bank High Street Bedford BX1 1LT

ACCOUNTANTS

EMMANUEL STEPHENS & CO. 62 BEECHWOOD ROAD LONDON E8 3DY

Page 1

CELESTIAL CHURCH OF CHRIST REVELATION OF HOPE PARISH REPORT OF THE TRUSTEES FOR THE YEAR ENDED JUNE 30th 2022

The Trustees present their report and the financial statements for the year ended June 30th 2022

Activities in the year

We continue to promote the gospel of God and to spread the good news to all. The aparatus used for this purpose includes regular fellowship, ministering the word, training of disciples, organising conferences and retreats.

Trustees

The church is managed by a Board of Trustees appointed annually at the Annual General Meeting. The day to day operations of the charity is run by the elected Board of Trustees who is supported by one Administrator. The Trustees who served during the year are:

Ipoola Okelola Oluwatoyin A King - Paul Helena Adetutu Osinloye Kuburat Abiola Osungbekun Helen Iretiogoluwa Ademiluyi

Prospects

The Parish though settled in its present location is looking to move to a cheaper premises in the near future

Finances

The attached financial statement show the current state of affairs which the Trustees consider to be melting point for future progress.

This report was approved by the Board on and signed on its behalf by:

Ipoola Okelola TRUSTEE

Helena Adetutu Osinloye TRUSTEE

Page 2

CELESTIAL CHURCH OF CHRIST REVELATION OF HOPE PARISH INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CELESTIAL CHURCH OF CHRIST REVELATION OF HOPE PARISH

I report on the accounts of the Trust for the period ended 30th June 2022, Which are set out on paged 3 to 6.

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:

. Examine the accounts under section 145 of the 2011 Act;

. to follow the procedure s laid down in the general Directions given by the Charity Commission under section 145(5) of the 2011 Act;

. to state whether particulat 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 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:

1. Which gives me reasonable cause to believe that in any material respect the requirements:

2. to keep accounting records in accordance with section 130 of the 2011 Act, and

3. to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act.

have not been met: or

1. 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

Pages 3

CELESTIAL CHURCH OF CHRIST REVELATION OF HOPE PARISH

Statement of Financial Activities for the period ended 30 June 2022

				2022		2021
	Notes	Unrestricted	Restricted	Total
		£	£	£		£
Incoming Resources
Tithes, Offerings &	1
Similar Incoming Resources		55,165	-	55,165		42,113
Gift Aid Received		5,054		5,054		23,112
Total Incoming Resources		60,219	0	60,219		65,225
Charitable Resources Expended
Direct Charitable expenses	2	30,235	-	30,235		300
Management & Administration	4	48,626	-	48,626		77,396
Total Resources expended		78,861	-	78,861		77,696
Net Incoming Resources for the year		(18,642)	0	(18,642)	-	12,471
Funds Brought Forward		(11,263)	0	(11,263)		1,208
Fund Balances carried forward		(29,905)	0	(29,905)	-	11,263

All disclosures relate to the continuing operations. There are no recognised gains or losses

Pages 4

CELESTIAL CHURCH OF CHRIST REVELATION OF HOPE PARISH

Balance sheet as at 30[th ] June 2022

Balance sheet	as at 30th June 2022
Notes FIXED ASSETS Tangible Fixed Assets CURRENT ASSETS Stock of Church Materials 3 Prepayments Cash in Hand/ Bank CURRENT LIABILITIES 5 NET CURRENT ASSETS Amount falling due more thag 1 year NET ASSETS ACCUMULATED FUNDS Unrestricted 6 Amount falling due within a year	£ £ £ 6,360 6,360 - - 97 97 4,918 37,700 5,015 37,797 1,280 7,780 3,735 (40,000) (29,905) (29,905) (29,905) 2022	£ 8,720 2021
		8,720 30,017
	5,015 1,280
		(50,000)
		(11,263)
		(11,263)
		(11,263)

For the year ending 30[th ] June 2022,the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the company to obtain an audit in accordance with section 476 of the Copanies Act 2006.

The director acknowledge their responsibility for complying with the requirements of the Act with respect to accounting records and for the preparation of accounts.

Approved by the Trustees and Signed on their behalf:

Ipoola Okelola

Pages 5

CELESTIAL CHURCH OF CHRIST REVELATION OF HOPE PARISH

Notes to the financial statements for the year ended 30[th] June 2022

ACCOUNTING POLICIES

The accounts have been prepared in compliance with the statement of Recommended Practice (SORP): Accounting for Charities.

1. GRANTS, DONATIONS ETC

These are recognised in full in the Statement of Financial Activities in the period in which they are received.

3.STOCKS	2022	2021
	£	£
Church Materials	0	0

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.

ABLE EXPENDITURE xpenditure directly related to the objects of the of the charity. ort of that activity where material.	It also includes the
Wages Donations Publicity Pastoral Returns/Honorarium Harvest Expenses	2022 £ - 10,190 - 19,810 235 30,235	2021 £ - 300 - - -
		300

Pages 6

3. MANAGEMENT AND ADMINISTRATION

Rent & Rates Shepherd's Expenses Light & Heat Honorarium Buliding Improvement Legal & Professional fee Accountancy Misc Repairs & Maintenance Printing , Postage & stationeries Deperciation Telephone & Internet Refuse Colletion Church Expenses	Total 2022 £ 34,120 4,850 0 0 1,780 1,258 500 0 0 618 2,360 281 29 2,830 48,626	Total 2021 £ 29,597 1,000 0 0 6,000 5,928 1,000 0 14,800 618 2,360 338 780 14,975
		77,396

4.DEPRECIATION

This has been provided at the following rates in order to write off the assets over their estimated

useful lives Building Refurbishment Furniture, Fixtures & Fittings Musical Instrument 5. LIABILITIES This represent the accountancy fees. Accrued Rent	10% 20% 20% 2022 2021 £ £ 750 500 - 7,280
	750 7,780

6. 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.

7. RESTRICTED FUNDS

Restricted funds are used for the purpose as specified by the donor. Expenditure that meets these criteria is identified to the fund.

8. FIXED ASSETS

Cost At 1 July 2021 Additions in the year At 30th June 2022 Depreciation At 1 July 2021 Charged in the year At 30th June 2022 Net Book Values At 30th June 2022 At 30th June 2021	Musical Instrument Furniture, Fixtures & Fittings Total £ £ £ 10,000 1,800 11,800 - - -
	10,000 1,800 11,800
	2,000 1,080 3,080 2,000 360 2,360
	4,000 1,440 5,440
	6,000 360 6,360
	8,000 720 8,720

Pages 7