CELESTIAL CHURCH OF CHRIST EL MERCY PARISH ANNUAL RETURN FOR YEAR END 31ST of December 2024. I.ST.I. ditionél Value
CELESTIAL CHURCH OF CHRIST EL MERCY PARISH CONTENTS PAGE LgJal and administrthe infomiation Report of the trusiees 4-6 ExamirErfs retxjt 7-8 Statement of finanaal attwitES BalarKe sheet io Notes to the financial statements 11-14 Irmme and expendthre account 15 dit10Pdl V6lue
CELESTIAL CHURCH OF CHRIST EL MERCY PARISH Legal and admistrabve 1nfcffin Trustees Mr Anuoluwapo Ajayi Mrs Oluwayinka Ajayi Adebisi James Bandejoko Chairperson. Address Khalsa HoLEe, Unf(9, Chaljey Streef Cheetham Hill, Manchester, M3 IHX. CHARITY REGISTION NUMBER .' 1193730 Independtt Examiners Solomon Allistar (MAAT) 54 CarricKca Business ParK Hellidon Close, Ardwick, Manchester, M124AH dit10Pdl V6lue
CELESTIAL CHURCH OF CHRIST EL MERCY PARISH Rep(ytofthe Tnteesf0r Year Ended 31st Decanber2024 The tNstees are pleaseLJ to present their port t(yJether with the finarjaI statements of the charity for the year ended 31 December 2024. Strucre, Govemance and Management Objectives and Activities The objects of the Celestkil Church of Christ, El Mercy Parish are to advan the Christian faith in acCordant0 their statement of beliets in such ways and in such parts in the United Kingdom, asthe trust from time to time may deem fit. Christian Counselling, Advice, and Information In propagating the name of Our Lordjesus Chris¢ the parith eThJag8J in evangelism, prayer sdssior6, Spiritual counselling, adm, and infomati(M to the generdl public during regular WY services. extend to as£isting member5 and non-members in hou%ng 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 sid<nesses and illnes and refeIng the aff&d to hosptsls f(Y treatment and cure. Financial assistance for charitable objects The paiish donated generously to many indiwduab in need, such as destiute, the di&ibled and the sick in our lety. We also rendered financial support to various organisations in SUPPOrt of their own humanitarian and charitsble attivities Other CharitatAe activi Other charitable acbvities include spreading the Word of Gcxj among all nations and announcing the g(xJJ news of the Kingdom of to K)r in spirit. This was donethrough our Spiritual W(yships whth are On to the gerETrl publc, remvals, healings, and evarvJdign which are conducted to stimulate spirital awareness among the people, seminar5 and sympjsia which are organised for wple to know and understsnd more about the Word of God Financial Sources The church irKDme comes mainty frThn the WY tithes and thurch txjilding funds, church contiibutiors such as thanksgiving, annual conferen, travel, and music funds. dit10Pdl V6lue
Lease of new premises The church moved into a new leased premises which was fully fijrt)iSh and renovat to fit pu of which it was intended to be used as a place of worship and to further our charitsble objectives as the trustees deem fit. Acquisib(xB for Music equi During the year under wew, the chur(h LK)LNJht new musical instnjment to aid in the obie(Jive of furthering their •1 core charitable objective. Annual HaTrt celelxation event Our annual harvest event tcK)k pl in which religious dignftaries for all parts of the United Kingdom, Europe, Africa and USA where cordially invited. Statement of TNstees' responsbililies The Board of T5t are reswnsble for prepariro the Annual Report a1 the finarrial statements in accordan wth appliCate law and United ngdoM General Accetrted Accounting Practice. Charty law apFlicable to charities in Englandlwales reNuire5 the Board of TrUstSt0 prepare financial statements for each financial year which gives a true and fair view of the state of affairs of the Charityand of the surplus or deficitof the Charity for that period. In preparing those financial ststements the Board of Trustees have: Selecied sutsble a(n)untirKJ polKi& and aptjied tIEm C9$ent. Madejudgments and estimates that are reanable pNdent, ststed whether app1icableaccnting standards have bn folk)wed, subj to any material departur disclosed and explained in the financial statements,. and Prepar the financial sLatementson a going conrn basis (unless it is inappn)priate to presume that the Charity will continue in operation). The Board of Trust has overall re5pN)nsibility forensuring thatthe Chaiity has an appropriate system of controls, financial and othe1. They are also resFonsible for kpIng protH accountirKJ rax)rds whKh disdose with reasonable accuracy at any time the financial position ofthe Charity and enable them to ensure thatthe financial ststements comply with the Charities Act 1993. They are also responsible for safeguarding the assets ofthe Charity and hen for taking reasonable steps for the detection and prevention of fraud and other irregularities. The Board of Tnjstees is re5wnsibleforthe maintenance and integrity of the corwrate and financial information. Legislation in the Unit8J Kingdom goveming the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Statement of disdoSu of Informati( to irvjependent examiner dit10Pdl V6lue
CELESTIAL CHURCH OF CHRIST El- Mercy Parish Report ofthe Tnjskn forthe Year Ended 31st December2024 We, as theTrustees of the Charity who held Offi at the date of approval of these finanaal statementsas setout on page 2 each confirm, so far as we are aware, that: There is no relevant infomiation of which the Charty's independent examiner are unaware; and we have taken all the stepsthat we ought to have taken asTrustees in orderto make ourselve5 aware of any relevant information and to establish that the charity's independent examiner is aware of that information. Intkpendent Examiner.. The Chartys ind4eThdentexaminer, cffion Alistsr (MAAT) of SA4 BUSINESS SUPF(IiT LTD has indicated their willingnw to continue in Offi and offer themselves for appointrnent. This rewrt was atvoved by theTru on arNJ signed on their by: Mr Anuoluwapo Ajayi dit10Pdl V6lue
CELESTIAL CHURCH OF CHRIST EI- MERCY PARISH Independent Examinerfs Rep forthe Year Ended 31st Decemr2024 I rewrton the financial 5tstements of the chaiityforthe yearended 31 December 2024 whh comprise the Ststement of Finanaal Activities and Balance Sheet with associate notes. This rep)rt is made soldytothecharity'sTrustees, as a t(xJy, in accOrdanwith stion 145 of the Charitie5 Art 2011 and regulations made under section 154 of thatAct. My wort has bn undertaken so that I might state to the charity's Trustees those matters I am rquiral to state to them in an indeFendent examinevs report and for no other purp)se. To the fullest extent permitted by law, I do not accept or assume spOnSIbl11tytO anyone otherthan the charity and the charitys Trustees as a body, for my examination work. Respective Responsibilities of Trustses and Examiner The charity's Trust are responsible for the preparation of the financial ststements, and they considerthatan aLwJit is not required forthis year under section 144(2) of the chareS Art 2011 (the Act) and that an independent examination is needed. Itls my re5ponsibilty to.. Examine the a(rounts (under Section 145 of the Charities Art). •1 To follow the procedures laid down in the General Directions given bythe Charity commissi)ne (under Section 145(5)(b) of the Char"faes Art). and To state whether matters have come to my attention. My examination was carried out in accordan with the General Directions given by the Charty Commissioners. An examinab'on indLhJes 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 fffjm as trus corKeming any such matters. The pr(edureS undthken do not provide all the eviden that would be required in an audit, and consequently no opinion is given as to whetherthe accounts present a'tnje and fairfview, and the rew)rt is dit10Pdl V6lue
limited to those matters t out in the statewEnt below. In conn*)n wtth my examinati, no matter has come to my attention.. l) whith gives me reasonable cause to believe thatin any material respectthe requirements: to kp accountiThJ rerords in accordan with tion 130 of the Act; and to prepare financial SLementsWhh accord with the accounting rerords and comply with the accounting reqU1ments of the Art have not been met. or 21 to which, in my opinion, attention should be dRwn in order to enable a proper understanding of the financial statements to be reached. Signed.. SOLOMON ALLISTAR (MAAT) 1510912025 Datej: dit10Pdl V6lue
CELESTIAL CHURCH OF CHRIST EL-MERCY PARISH Statement of financial activitses for the y&qr ended 31st December 20224 Unrestricted Restricted T¢)tal Funds 2024 Total Funds 2023 2024 2024 Notes General offerings GiftAid 53.034.87 53,034.87 44,694.55 11 11 Grants ToLIl Incoming Resour 53,034.87 53,034.87 44,694.55 Resources expended Direct charitsble expgndituro Governance costs 11 50,581.23 250.00 50,581.23 250.00 37,853.00 250.00 Total resources expended 50,831.23 50,831.23 38,103.00 Movement In totsl fund for the year- Net income I (expenditu) for the year Net Gan (Loss on inNEstr 2,203.64 2.203.64 6,591.55 Fund 8a1 bm 2,203.64 2.203.64 6.591.55 Fund Bal clf 6,591.55 6.591.55 4,000.00 dit10Pdl V6lue
CELESTIAL CHURCH OF CHRIST EL-MERCY PARISH Baknce sheet as of 31st December 20 2024 2024 2023 Notas FIXED ASSETS Tangible assets CURRENT ASSETS Debtors Cash at banl In harKI 12 15.901.95 18,202.60 2.203.64 5,200.00 CREDITORS amounts falling due wlthln one year 960.00 960.00 NET CURRENT ASSETS 2.203.64 4.240.00 TOTAL ASSETS LESS CURRENT LIABILITES 17,145.59 22,442.60 CREDITORS amounts falllng due more than year 13 12.0001 NET ASSETS 15.145.59 16,442.60 CHARITY FUNDS Unrestricted funds 15.145.59 16rt42.60 TOTAL FUNDS 15.145.59 16rt42.60 dit10Pdl V6lue
CELESTIAL CHURCH OF CHRIST EL- MERCY PARISH Notes to the Financial Statement for the Year Ended 31st 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 statements have been prepared under the historical cost convention, as rnodified 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 F inancial Reporting Standard for Smaller Entities (effective April 2008). b) Incoining rc8our¢cs from gcncratcd funds Incoining resources trom g¢n¢rated funds r¢pres¢nts donations towards w¢ekly tithes, church building fund, thank8giving, annual conference, travel and other contributions c) Incoming resources. Interest receivable Interest is credited in the year in which it is received. d) Rcsourccs ¢xpcndcd Expenditure 18 recognised when a liability is incurred. Funding provided through contractual agreements and perfomance related grants are recognised as services are supplied. Other grant payments are recognised when a constructive obligation arises that results in the payment being unavoidable. Costs of generating funds are those costs incurred in attracting voluntary income, and those incurred in activities that raise funds. Grants payable are payments made to third parties in the filltherance of the charitable objectives of the Trust. Single or multi-year grants are accounted for when either the recipient has a reasonable expectation that they will receive a grant and the trustees 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 the Trust. Provisions for grants are made when the intention to make a grant has been dit10Pdl V6lue
cornmunicated 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 assets and are primarily associated with constitutional and statutory requirements. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources. Depreciation Depreciation is calculated at rates estimated to write off the cost of all tangible fixed assets over their expected useful lives- Equipment, FixtLUE5 and Fitting.. 25 % DuringJ the year under review, the church decided to continue to separate itb equipment from its furniture fixtures and fittings. A depreciation rate of 20% was applicd on cach catcgory on a rcducing balancc basis. e) Fund %lrncture The prinLipal aLeounting policies are set out below. The accounting policies have been adopted consistently througJhout the year. The funds held by the charity are either.. Unrestricted general funds - these are funds which can be used in accordance with th¢ charitable objects at the discretion of the tn]stees. Designated funds - these are funds earn]arked by the trustees out of unrestricted general funds for specific future putyoses 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 fimds that represent assets which must be held pern]anently by the charity. Income arising on the endowment fund can be used in accordance with the objects of the charity and is included in unrestricted incorne. Any capital gains or losses arising on the investments fonn part of the fund. Investment management charges and legal advice relating to the fund are charged against the fund. D VAT The charity is not registered for VAT and accordingly expenditure includes VAT were appropriate. 2 IrK<xiie resources Income comprises of donations and tithes 3 Enwloyee information dit10Pdl V6lue
None of the trustees received any remuneration or reimbursement of expenses during the year. 4 Net income OueS This is stated after charging 2024 5,300.65 2023 £ 4,550.(K) POST Depreciation 5 Taxation The charity is exempt from ¢ory)oration tax on its Charity. 6 Tangible fed assets Equipment Fixtures and fittings Total Cost: At 1 January 2024 Additions At 31 December 20224 18,202.60 3000.00 21,202.60 18,202.60 3000.00 21,202.60 Depreciation At 1 January 20224 Provision for year At 31 December 20224 5,300.65 5,300.65 5,300.65 5,300.65 NET BOOK VALUE 15,901.95 15,901.95 7 Creditors: amounts falling due more than one year 2024 2023 dit10Pdl V6lue
Other Creditors 2,000.00 6,000.00 8 Creditors: amounts falling due within one year 2024 2023 Other Creditors 960.00 dit10Pdl V6lue
CELESTIAL CHRUCH OF CHRIST EL- MERCY PARISH INCOME AND EXPENDITURE ACCOUNT FOR YEAR ENDED 31 DECEMBER 2024 INCOME Voluntary Donations Gift aid 53,034.87 Total income 53,034.87 EXPENSES Rent Hardest Travel Adhoc Music Equipment Spiritual items Car expenses Evangelism Subsistence Professional fees Welfare Repairs Admin Accounting 18,000.00 10,749.10 1,341.15 1,325.58 3.000.00 3,808.55 502.00 8,090.00 1.323.95 380.00 535.31 1,029.00 596.59 150.00 Total Expenses 50,831.23 Surplus 2,203.64 dit10Pdl V6lue