CELESTIAL CHURCH OF CHRIST EL MERCY PARISH ANNUAL RETURN FOR YEAR END ST 31 of December 2023. I S T IA fyiis 815"Tl 14 Iditronal Valuf CELESTIAL CHURCH OF CHRIST EL MERCY PARISH CONTENTS PAGE Legal and administrative information Report of the trustees Independent Examiner's report Statement of financial activities Balance sheet io Notes to the financial statements 11-14 Income and expenditure account 15 Additional Valu CELESTIAL CHURCH OF CHRIST EL MERCY PARISH Legal and administrative information Trustees Mr Anuoluwapo Ajayi Mrs Oluwayinka Ajayi Adebisi James Bandejoko Chairperson. Address Khalsa House, Unit 9, Chatley Street, Cheetham Hill, Manchester, M3 IHX. CHARITY REGISTION NUMBER: 1193730 Independent Examiners Solomon Allistar IMAATI 54 Carriocca Business Park, Hellidon Close, Ardwick, Manchester, M124AH Additional Valu CELESTIAL CHURCH OF CHRIST EL MERCY PARISH Report of the Trustees for the Year Ended 31st 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 Celestial Church of Christ, El Mercy Parish are to advance the Christian faith in accordance to their statement of beliefs in such ways and in such parts in the United Kingdom, as the trustees from time to time may deem fit. 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 afferted to hospitals for treatment and cure. Financial assistance for charitable objects The parish doriated 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 SLJPPOrt 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 w3s 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 Financlal 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. ditional Value Lease of new premises The church moved into a new leased premises, which was fully refurbished and renovated to fit purpose of which it was intended to be used as a place of worship and to further our charitable objectives as the trustees deem fit. Acquisitions for Music equipment During the year under review, the church bought new musical instrument to aid in the objective of furthering their core charitable objective. Annual Harvest celebration event Our annual harvest event took place in which religious dignitaries for all parts of the United Kingdom, Europe, Africa and USA where cordially invited. Statement of Trustees, responsibilities The Board of Trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable13w 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 Board 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 going concern basis lunles5 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 finar)cial 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 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 ditional Value CELESTIAL CHURCH OF CHRIST El - Mercy Parish Report of the Trustees for the Year Ended 31st December 2023 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 charity'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 bv: 2211012024 Mr Anuoluwapo Ajayi ditional Value CELESTIAL CHURCH OF CHRIST EI- MERCY PARISH Independent Examinerfs Report for the Year Ended 31st 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 bodyi 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 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. Respertive Responsibilities of Trustees and Examiner 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 Artl,. 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 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 fairf view, and the report is ditional Value limited to those matters set Olrt in the Statement below. Independent Examiner's ststement In connection with my examination, no matter has come to my attention.. 11 which gives rne reasonable tause to believe that in any material respect the requirements.. to kÈeP attouhting records in actordafice With séttion 130 of the Act; and to prepare financial ststements 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 D3ted= ESS CELESTIAL CHURCH OF CHRIST EL-MERCY PARISH Statement of financial activities for the year ended 31st December 2022. Unrestrietcd Rtstrietcd Total Funds Total Funds 2023 2023 2023 2022 Notes Incoming Resources General offerings Gift Aid Grants li 44,694.55 44,694.55 58,960.INI Total Incoming Resour¢e5 44,694.55 44,694.55 58,960.00 Resource5 expended Direct charitable e￿pendIture Governance costs 37,853.00 250.00 .17,85.1.IMI 54,710.IMI li Total resources expended 38,103.00 38,103.00 54.960.00 Movement in total fund for the year- Net income I {expenditure) for the year Net Gain (Loss on investment 6,591.55 4,IkOO.00 6,591.55 Fund Bal blf 6,591.55 6,591.55 4000,00 Fund Bal elf 4,000.00 4,000.00 9,250.00 ditional Valu CELESTIAL CHURCH OF CHRIST EL-MERCY PARISH Balance sheet as of 31st December 2023. 2023 2023 2023 2022 Notes FIXED ASSETS Tangible assets CURRENT ASSETS 12 18,202.60 19J45.60 Debtors Cash at bank 4.250.00 5.200.00 CREDITORS amounts fauing due within one year 1.035.00 960.IMI NET CURRENT ASSETS 3,215.00 4.240.00 TOTAL ASSETS LESS CURRENT LIABILITES 14,987.08 23 585.60 CREDITORS amounts falling due more thAn year 13 (6,000) NET AS.SETS 8,987.08 15,585.60 CHARITY FUNDS Unrestricted funds 8,987.08 15,585.60 TOTAL FUNDS 8.987.08 15,585.60 ditional Valu CELESTIAL CHURCH OF CHRIST EL- MERCY PARISH Notes to the Financial Statement for the Year Ended 31st December 2023 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 statements have been prepared under the historical cost convention, as moditied by the revaluation ot"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 recogJnised when a liability is incurred. Funding provided through contractual agreements and performance related gTants are recognised as services are supplied. Other grant payments are recogFnised when a constructive obligJation arises that results in the payment beingJ unavoidable. Costs of generating funds are those costs incutTed in attracting voluntary income. and thosc incurrcd in activitics that raisc funds. Grants payable are payments made to third parties in the furtherance of the charitabl¢ objectives of the Trust. Single or multi-year grants aTe accounted for when either the recipient has a reasonable expectation that they will receive a gTrant and the trustees have agJreed to pay the &Jrant without condition, or the recipient has a reasonable expectation that they will receive a grant dnd any condition dttdLhin&T lo the &Jrant is outside of the control of the Trust. Provisions for grants are made when the intention to make a grant has been ditional Value communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable. Governance costs include those incurred in the governance of its a55ets and are primarily associated with constitutional and statutory requirements. Support costs include central ￿nCtiOnS and have been allocated to activity cost C(Itegories on a basis cunsistent with the use of resources. Depreciation Dcprc¢iation is calculatcd at ratcs cstimatcd to writc off thc cost of all tangiblc fixcd assets over their expected useful lives.. Equipment, Fixtures and Fitting.. 20•/0 During the year under review, the church decided to continue to separate its equipment from its furniture fixtures and f1ttings. A depreciation rate of 20 % 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 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 eam]arked by the trustees out of unrestricted general funds for specific future Purposes or projects. Restricted funds - these are funds that can only be used for restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for restricted purposes. Endowment funds - these are fi￿dS that represent assets which must be held permanently by the charity. Income arising on the endowment fi￿a can be used in accordance wilh the objects of the charity and is included in unrestricted income. Any capital gains or losses arising on the investments fonll part of the fund. Investment management chaTges and legal advice relating to the fund aTe charged against the fund. D VAT The charity is not registered for VAT and accordingly expenditure includes VAT were appropriate. 2 Income resources Income comprises of donations and tithes 3 Employee information ditional Value None of the trustees received any remuneration OT reimbiirsement of expense5 duTing the year. 4 Iyet income resources This is stated after charging 2023 2022 POST D¢pr¢ciation 4,550.52 4,836.40 5 Taxation The charity is exempt from corporation lax on its ch￿lty. 6 Tangible fixed assets Equipment Fixture5 and fittings Total Cost: At l January 2022 Additions 19,345.60 3,407.00 22,752.60 19J45.60 3,407.00 22,752.60 At 31 December 2022 Depreeiation At l January 2022 Provision for year At 31 December 2022 4,550.52 4,550.52 4,550.52 4,550.52 NET BOOK VALUE 18,202.08 18,202.08 7 Creditors: amounts falling due more than one year 2023 2022 ditional Valu Other Creditors 6,000.00 8.000.00 8 Creditors.. amounts falling due within one year 2023 2022 Other Creditors 1,035.00 960.00 ditional Valu CELESTIAL CHRUCH OF CHRIST EL- MERCY PARISH INCOME AND EXPENDITURE ACCOUNT FOR YEAR ENDED 31 DECEMBER 2023 INCOME Voluntary Donations Gift aid 44.694.55 Total income 44,694.55 EXPENSES Rent Harvest Fuel General Equipment Music F.quipment Spiritual items Car expenses Evangelis Subsistence Professional fees Welfare Repairs Insurance Aceounting 18,000.00 5,200.00 1,300.00 750.00 550.00 2,600.00 1,380.00 3,640.00 780.00 300.00 1,820.00 500.00 1,033.00 250.00 Total Expenses 38.103.00 Surplus 6,591.55 ditional Value