CELESTIAL CHURCH OF CHRIST NEW JERUSALEM NORTH WEST
TRUSTEES' REPORT AND ACCOUNTS
YEAR ENDED 31ST DECEMBER 2022
CHARITY REGISTRATION NO: 1199218
CELESTIAL CHURCH OF CHRIST NEW JERUSALEM NORTH WEST FINANCIAL STATEMENTS YEAR ENDED 31ST DECEMBER 2022
| CONTENTS | PAGE |
|---|---|
| LEGAL AND ADMINISTRATIVE INFORMATION | 1 |
| REPORT OF THE TRUSTEES | 2-3 |
| INDEPENDENT EXAMINERS REPORT | 4 |
| STATEMENT OF FINANCIAL ACTIVITIES | 5 |
| BALANCE SHEET | 6 |
| NOTES TO THE FINANCIAL STATEMENTS | 7-9 |
| DETAILED STATEMENT OF FINANCIAL ACTIVITIES | 10 |
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CELESTIAL CHURCH OF CHRIST NEW JERUSALEM NORTH WEST LEGAL AND ADMINISTRATIVE INFORMATION YEAR ENDED 31ST DECEMBER 2022
CHARITY REGISTRATION NUMBER:
1199218
REGISTERED OFFICE:
COLLIER BROOK INDUSTRIAL ESTATE 1A COLLIER BROOK, BAG LANE ATHERTON MANCHESTER M46 0LB
TRUSTEES:
Owolabi Oni Temitope Oni
INDEPENDENT EXAMINER
Sigmez Accountants Ltd 192 Varley Street Manchester M40 7EJ
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CELESTIAL CHURCH OF CHRIST NEW JERUSALEM NORTH WEST REPORT OF THE TRUSTEES
YEAR ENDED 31ST DECEMBER 2022
The trustees present their report with the financial statements of the charity for the year ended 31st December 2022. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) (effective 1 January 2019).
STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document
The charity is controlled by its governing document, CIO adopted on 08 June 2022.
Risk management
The Board of Trustees is ultimately responsible for the system of internal control and for reviewing its effectiveness. However, such a system is designed to manage rather than eliminate the risk of failure to achieve business objectives, and can only provide reasonable and not absolute assurance against material misstatement of loss.
The Board has reviewed the effectiveness of the system of internal control. In particular, it has reviewed and updated the process for identifying and evaluating the major risks affecting the business and the policies and procedures by which these risks are managed.
OBJECTIVES AND ACTIVITIES Objectives and Aims
The Charity's objects are, for the benefit of the public:-
The objects of the CIO are for the benefit of the pubic which include: to advance the Christian religion for the benefit of the public in particular but not exclusively through the holding of prayer meetings, lectures, public celebration of religious festivals, producing and/or distributing literature on the Christian faith to enlighten others about the Christian religion, providing pastoral care and outreach work.
Significant activities
During the year the Charity has been compliant in the execution of its public benefit responsibilities by encouraging people to join the church freely for spiritual worship and engage in a number of social functions.
In the planning of activities for the year, and having given due consideration to the Charity Commission's guidance on public benefit, and the specific guidance on charities for the advancement of religion in particular, the Charity has been committed in its efforts of advancing the objectives of Church in general and in providing welfare for members and the wider community who are facing hardship.
Volunteers
The church is assisted by a team of volunteers. These volunteers work in various capacities from ministers to cleaners and are critical to the smooth running of the Church.
Reserve Policy
The church's policy is to transfer money from the unrestricted collections to a savings account towards the partfinancing and acquisition of a place of worship for the church in the future.
FINANCIAL REVIEW
\
The Trustees have implemented robust budgetary controls to monitor costs in an effort to continue to deliver its service in the future.
During the year the Trustees continued to place emphasis on financial management to ensure that the funds within the organisation are properly managed.
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CELESTIAL CHURCH OF CHRIST NEW JERUSALEM NORTH WEST REPORT OF THE TRUSTEES YEAR ENDED 31ST DECEMBER 2022
STATEMENT OF TRUSTEE RESPONSIBILITIES
The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales, the Charities Act 2011, Charity Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each (Accounts and Reports) financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure of the charity for that period. In preparing those financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charity SORP;
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make judgements and estimates that are reasonable and prudent;
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charity's Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report is prepared in accordance with the special provision of Part 15 of the Companies Act 2006 relating to small companies.
Approved by order of the Board of Trustees on 23 October 2023 and signed:
ON BEHALF OF THE BOARD:
............................................. Owolabi Oni
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REPORT OF THE INDEPENDENT EXAMINER CELESTIAL CHURCH OF CHRIST NEW JERUSALEM NORTH WEST YEAR ENDED 31ST DECEMBER 2022
I report on the accounts for the year ended 31st December 2022 set out on pages five to nine.
Respective responsibilities of trustees and examiner
The Charity's Trustees (who are also the Directors for the purposes of Company Law) are responsible for the preparation of the accounts. The Charity's Trustees consider that an independent examination is required.
Having satisfied myself that the charity is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:
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examine the accounts under Section 145 of the 2011 Act
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to follow the procedures laid down in the General Directions given by the Charity Commission (under Section 145(5)(b) of the 2011 Act); and
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to state whether particular matters have come to my attention.
Basis of the independent examiners report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts
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
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to keep accounting records in accordance with section 130 of the 2011 Act; and
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to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act
have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Omowunmi Shitta, FCCA
Sigmez Accountants Ltd Business and Charity Advisors 192 Varley Street Manchester M40 7EJ
Date:23 October, 2023
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CELESTIAL CHURCH OF CHRIST NEW JERUSALEM NORTH WEST STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31ST DECEMBER 2022
| Unrestricted | ||
|---|---|---|
| Funds | ||
| 2022 | ||
| INCOMING RESOURCES | Notes | £ |
| Incoming resources from generated funds | ||
| Tithes and Offerings | 2 | 11,060 |
| TOTAL INCOME | 11,060 | |
| RESOURCES EXPENDED | ||
| Charitable Activities | 3 | (1,200) |
| Support Cost | 4 | (8,580) |
| Governance Cost | 5 | - |
| TOTAL RESOURCES EXPENDED | (9,780) | |
| NET INCOME/EXPENDITURE FOR THE YEAR | 1,280 | |
| RECONCILIATION OF FUNDS | ||
| Funds brought forward - Unrestricted | - | |
| TOTAL FUNDS CARRIED FORWARD | £1,280 |
None of the charity's activities were acquired or discontinued during the year and there were no recognised gains and losses for 2022 other than those included in the statement of financial activities.
The notes on pages 7 to 9 form part of these accounts.
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CELESTIAL CHURCH OF CHRIST NEW JERUSALEM NORTH WEST BALANCE SHEET YEAR ENDED 31ST DECEMBER 2022
| CURRENT ASSETS Cash at bank and in hand Net Current Assets TOTAL ASSETS LESS CURRENT LIABILITIES FUNDS: Unrestricted Funds Total funds The financial statements were approved by the Board of Trustees on 23 signed on its behalf by: ……………………………………………………….... Mr Owolabi Oni - Trustee |
Notes 6 October, 2023 and were |
2022 £ 1,280 1,280 £1,280 |
2022 £ 1,280 1,280 |
|---|---|---|---|
| 1,280 £1,280 |
1,280 | ||
The notes on pages 7 to 9 form part of these accounts.
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CELESTIAL CHURCH OF CHRIST NEW JERUSALEM NORTH WEST NOTES TO THE ACCOUNTS YEAR ENDED 31ST DECEMBER 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
The Church meets the definition of a public benefit entity under FRS 102.
Incoming resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Donations and other incoming resources - Income from tithes of the network churches in the forum when these are receivable.
Resources expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Charitable activities
Costs of charitable activities are those costs relating to the activities carried out to meet the objectives of the Church. These include both directly attributable costs and apportioned support costs.
Governance costs
Governance costs are the costs associated with the strategic direction of the organisation and with meeting regulatory responsibilities including apportioned support cost.
Taxation
The charity is exempt from corporation tax on its charitable activities.
Fund Accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Tangible fixed assets
There are no fixed assets for the charity in the year under review.
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CELESTIAL CHURCH OF CHRIST NEW JERUSALEM NORTH WEST NOTES TO THE ACCOUNTS YEAR ENDED 31ST DECEMBER 2022
| 2. VOLUNTARY INCOME Unrestricted funds Donations received Total incoming resources 3. Costs of charitable activities by fund type Unrestricted funds Charitable Activities Support costs 4. Support Cost (Management Cost) 5. Other costs Governance |
2022 £ 11,060 11,060 1,200 8,580 9,780 8,580 0 |
2022 £ 11,060 |
2022 £ 11,060 |
|---|---|---|---|
| 9,780 | |||
| 8,580 | |||
| 0 |
| 6. MOVEMENTS IN FUNDS Unrestricted Funds General fund for the year General fund brought forward Total funds |
Incoming Resources £11,060 £11,060 |
Resources | Movement in | Movement in |
|---|---|---|---|---|
| Expended £9,780 - £9,780 |
Funds | |||
| £1,280 - £1,280 |
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CELESTIAL CHURCH OF CHRIST NEW JERUSALEM NORTH WEST NOTES TO THE ACCOUNTS YEAR ENDED 31ST DECEMBER 2022
7. EXTRA ORDINARY EVENT
There are no extra ordinary event.
8. TRUSTEES REMUNERATION AND BENEFITS
Trustees' expenses
During the year, no Trustee received any remuneration as a result of their service to the charity as trustees.
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CELESTIAL CHURCH OF CHRIST NEW JERUSALEM NORTH WEST INCOME AND EXPENDITURE YEAR ENDED 31ST DECEMBER 2022
| Incoming Resources: Voluntary income: Tithes and Offerings Total incoming resources RESOURCES EXPENDED: Charitable activities: Ministry Expenses SUPPORT COSTS: MANAGEMENT Rent Light & Heat Transport Maintenance and Repairs Stationaries FINANCE Bank Charges GOVERNANCE COSTS Accountancy Fees Total resources expended Net expenditure |
2022 £ 11,060 |
2022 £ 11,060 |
|---|---|---|
| 11,060 | ||
| 1,200 1,200 6,600 1,140 530 200 110 8,580 0 0 9,780 £1,280 |
1,200 | |
| 1,200 | ||
| 6,600 1,140 530 200 110 8,580 |
||
| 0 0 9,780 |