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
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CELESTIAL CHURCH OF CHRIST
EL MERCY PARISH
Legal and admistrabve 1nfcffi￿n
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
Independ￿tt Examiners
Solomon Allistar (MAAT)
54 CarricKca Business ParK
Hellidon Close, Ardwick,
Manchester,
M124AH
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CELESTIAL CHURCH OF CHRIST
EL MERCY PARISH
Rep(ytofthe Tn￿teesf0r￿ Year Ended 31st Decanber2024
The tNstees are pleaseLJ to present their ￿port t(yJether with the finar￿jaI statements of the
charity for the year ended 31 December 2024.
Struc￿re, Govemance and Management
Objectives and Activities
The objects of the Celestkil Church of Christ, El Mercy Parish are to advan￿ the Christian faith in acCordan￿t0 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
W￿￿Y 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 refe￿Ing 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 O￿n to the gerETrl publc, remvals, healings, and evarvJdign
which are conducted to stimulate spirit￿al 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 W￿￿Y tithes and thurch txjilding funds,
church contiibutiors such as thanksgiving, annual conferen￿, travel, and music funds.
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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 HaTr￿t 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 T￿5t￿ are reswnsble for prepariro the Annual Report a￿1 the finarrial
statements in accordan￿ wth appliCat￿e law and United ￿ngdoM General￿ Accetrted
Accounting Practice.
Charty law apFlicable to charities in Englandlwales reNuire5 the Board of TrUst￿St0 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 C￿9$￿ent￿.
Madejudgments and estimates that are rea￿nable pNdent,
ststed whether app1icableacc￿nting standards have b￿n folk)wed, subj* to any
material departur￿ disclosed and explained in the financial statements,. and
Prepar￿ the financial sLatementson a going con￿rn 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 othe￿1*. They are also resFonsible for k￿pIng
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
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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
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CELESTIAL CHURCH OF CHRIST
EI- MERCY PARISH
Independent Examinerfs Rep￿ forthe Year Ended 31st Decem￿r2024
I rewrton the financial 5tstements of the chaiityforthe yearended 31 December 2024 wh￿h
comprise the Ststement of Finanaal Activities and Balance Sheet with associate notes.
This rep)rt is made soldytothecharity'sTrustees, as a t(xJy, in accOrdan￿with s￿tion 145
of the Charitie5 Art 2011 and regulations made under section 154 of thatAct. My wort has
b￿n 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 char￿eS
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
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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 k￿p accountiThJ rerords in accordan￿ with ￿tion 130 of the Act; and
to prepare financial SL￿ementsWh￿h accord with the accounting rerords and
comply with the accounting reqU1￿ments 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:
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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
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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
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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
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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
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None of the trustees received any remuneration or reimbursement of expenses during
the year.
4 Net income ￿Ou￿eS
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 f￿ed 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
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Other Creditors
2,000.00
6,000.00
8 Creditors: amounts falling due within one year
2024
2023
Other Creditors
960.00
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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
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