## **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:
1. 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
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
**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**