CELESTIAL CHURCH OF CHRIST REVELATION OF HOPE PARISH FINANCIAL STATEMENT FOR THE YEAR ENDED JUNE 30th 2024
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 2024 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 2024
CHARITY REGISTRATION NUMBER IN ENGLAND AND WALES 1192163
CELESTIAL CHURCH OF CHRIST REVELATION OF HOPE PARISH FINANCIAL STATEMENT FOR THE YEAR ENDED JUNE 30th 2024
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 2024
The Trustees present their report and the financial statements for the year ended June 30th 2024
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 2024, 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:
-
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 2011 Act, and
-
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
- 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 2024
| 2024 | 2023 | ||||
|---|---|---|---|---|---|
| Notes | Unrestricted | Restricted | Total | ||
| £ | £ | £ | £ | ||
| Incoming Resources | |||||
| Tithes, Offerings & | 1 | ||||
| Similar Incoming Resources | 46,956 | - | 46,956 | 65,361 | |
| Gift Aid Received | 16,028 | 16,028 | 14,729 | ||
| Total Incoming Resources | 62,984 | 0 | 62,984 | 80,090 | |
| Charitable Resources Expended | |||||
| Direct Charitable expenses | 2 | - | - | - | 3,533 |
| Management & Administration | 4 | 63,077 | - | 63,077 | 72,797 |
| Total Resources expended | 63,077 | - | 63,077 | 76,330 | |
| Net Incoming Resources for the year | (93) | 0 | (93) | 3,760 | |
| Funds Brought Forward | (26,145) | 0 | (26,145) | (29,905) | |
| Fund Balances carried forward | (26,238) | 0 | (26,238) | (26,145) |
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 2024
| Balance sheet | as at 30th June 2024 | |
|---|---|---|
| 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 |
£ £ £ 2,000 2,000 - - - 1,972 65 1,972 65 400 400 1,572 (29,810) (26,238) (26,238) (26,238) 2024 |
£ 4,000 2023 |
| 4,000 (335) |
||
| 1,972 400 |
||
| (29,810) | ||
| (26,145) | ||
| (26,145) | ||
| (26,145) |
For the year ending 30[th] November 2020,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 2024
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 Church Materials 2. DIRECT CHARITABLE EXPENDITURE This comprises all expenditure directly related to the objects of the of the charity. expenditure in support of that activity where material. Wages Donations Publicity Pastoral Returns/Honorarium Harvest Expenses |
2024 £ 0 It also includes the 2024 £ - - - - - - |
2023 £ 0 2023 £ - - - |
|---|---|---|
| - |
Pages 6
3. MANAGEMENT AND ADMINISTRATION
| Rent & Rates Shepherd's Expenses Light & Heat Honorarium Buliding Improvement Legal & Professional fee Accountancy Communication & Media Loan Repayment Printing , Postage & stationeries Deperciation Telephone & Internet Refuse Colletion Church Expenses |
Total 2024 £ 29,250 0 0 0 0 0 3,167 1,747 5,533 0 2,000 0 o 21,380 63,077 |
Total 2023 £ 41,607 0 550 0 8,500 1,679 400 2,695 0 0 2,360 81 0 14,925 |
|---|---|---|
| 72,797 |
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% 2024 2023 £ £ 400 400 - |
|---|---|
| 400 400 |
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 2023 Additions in the year At 30th June 2024 Depreciation At 1 July 2023 Charged in the year At 30th June 2024 Net Book Values At 30th June 2024 At 30th June 2023 |
Musical Instrument Furniture, Fixtures & Fittings Total £ £ £ 10,000 1,800 11,800 - - - |
|---|---|
| 10,000 1,800 11,800 |
|
| 6,000 1,800 7,800 2,000 2,000 |
|
| 8,000 1,800 9,800 |
|
| 2,000 - 2,000 |
|
| 4,000 - 4,000 |
Pages 7