CELEKERUBU INTERDENOMINATION EVANGELICAL MISSION WORLDWIDE CHARITY REGISTRATION NO: 1202429 ANNUAL RETURN FOR YEAR END 31" December 2023. 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 11-13 Income and Expenditure account 14 Legal and administrative information Trustees Adeyinka Adeyemi Chairperson Kehinde Mukala Adigun Rev. Sunday Olatubosun Adebola Address 58 Blandford Drive, Manchester, M40 OQF Independent Examiners Solomon Allistar IMAATI 54 Carriocca Business Park, Hellidon Close, Ardwick Manchester M124AH Bankers Cashplus Bank Charlty Reglstratlon Number 1202429 st Report of the Trustees for the Year Ended 31 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 Objertives and Activities The objects of the Celekerubu Interdenominational Evangelical Mission Worldwide is to advance the Christian faith in the world for the benefit of the public through the holding of prayer meetings, lertures, events, broadcasting, producing and distributing literature on the Christian faith, hence enlightening the general public about the Christian religion Financial Sources The church income comes mainly from Public voluntary donations. Statement of Trustees, responsibilities The Board of Trustees are responsible for preparinE the Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. Charity law applicable to charities in England/Wales require5 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 (unless 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 financial position of the Charity and enable them to ensure that the financial statements comply with the Charitie5 Act 1993. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the detection and prevention of fraud and other irregularities. The 8oard 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 Report of the Trustees lor the Year Ended Ji# Dttember 2023 We •* the Trustwsoltho d•te of ipy0¥41olt￿w fin￿1 %t•tements as srttyji on ply 2 *•thtonlrtso l¥ 4w•rn, th•1: Thffe isrKI th•nt Inlornuiknnofwhlth fv Chirtiyl Inder*rnknt ex•fflner Ire w4re.' wehm t•ken all stEw that wèowht to h4v¢taken •sTNStees der tom￿* ouTretr4es4w**oI any rtl*•ant Inftym*tkn iThJ ￿e￿*blIsh t￿1 the The N•mlnor. SOhXn￿ ￿1￿111 {M￿n ofW BUSINESSSUPPOAT LTD Ihelrwi￿.ryn¢ssIo wfitln￿ Inolke and offer thomsel¥es for w￿IntM1 TNS •NYo%*d bytheTnJsIee$4r￿ slaned +)ftihdr t￿lty. 0￿¢. 14nCrf2￿l fkn b•MNoftht Yrwtees cs Camscanner Independent Examiner's Report for the Year Ended 31" 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 assOCl3te notes. This report is made solely to the charity's Trustees, as a body, in accordance with section 145 of the Charities Act 2011 and regulations made under section 154 of that Act. My work has been Ljndertaken 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. Respective 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 (the Act) and that an independent examination is needed. It 15 my responsibility to.. Examine the accounts (under Section 145 of the Charities Actl. To follow the procedures laid down in the General Directions given by the Charity Commissioners lunder Section 14515llbl of the Charities Act); 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 Grouplcharity 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- 11 which gives me reasonable cause to believe that in any material respect the requirements.. to keep accounting records in actordante with section 130 of the Act,. and to prepare financial statements 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. SOLOMON ALLISTAR IMAATI Dated.. 2411012024 5t Statement of financial activities for the year ended 31 December 2023. Unrestricted Restricted Dec 2023 Dec 2023 Total Funds Dec 2023 Notes Ineomin2 Resourees General offerin%s Gift Aid 15.700.IMI 15,700.00 Grants Total Incoming Resources 15,700.00 15,700.00 Resources expended Direct cbaritable expeThditure Governance ¢05ts li 12,638.81 12,638.80 Total resources expended 3,061.20 3,061.20 Movement in total fund for the year- Net ineome / (expendlture) for the year Nct Galn (Losso on investment 3.061.20 3,061.20 Fund Bal blf 3.061.20 3,061.20 Fund Bal ¢/f Balance sheet as of December 31" 2023. Dec 2023 Dec 2023 Dec 2023 Lyotes FIXED ASSETS Tangible assets CURRENT ASSET8 12, 13 2,720.00 2,720.00 Debtor8 13 CAsh at bank 210.00 210.00 CRF.DITORS amounts falling due within one year 13 50.110 NET CURRENT ASSETS 260.00 260.00 TOTAI. ASSF.TS I.F.SS CURRLNI- LIABILI-IES 2,880.00 2,880.00 NET ASSETS 2,880.00 2,880.00 CHARITY FUNDS Unrestricted funds Restricted funs 2,880.00 2,8811.00 TOTAL FUNDS 2,880.110 2,880.00 st Notes to the Financial Statement for the Year Ended 31 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 niodified by the Tevaluation of certain fixed assets, and are in accordance with the Statement of Recoinmended Practice.. Accounting and Reporting by Charities issued iii March 2005 and the Financial Reporting Standard for Si]Lqller 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 it is received. d) Resources expended Expenditure is recognised when a liability is incU￿d. Funding provided through contractual agreements and perfomiance related grants are recognised as services arc supplicd. Othcr grant paymcnts arc rccogniscd whcn a constructivc obligation arises that results in the payment being unavoidable. Costs of generating funds are those costs incurred in attracting voluntary incon]e. and those incutTed in activities that raise funds. Grants payable are payments made to third parties in the furtherance of the charitable objectives of tl)e Trust. Single or mlllti-yeaT grants are accounted for when either the recipient has a reasonable expectation tliat 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 Trnst. Provisions for grants are made when the intention to make a grant has been 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 assets and are priLnarily 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 rat¢s estimated to write off the cost of all tangible fixed assets over their expeLted useful lives.. Equipment, Fixtures and Fitting.. 20 % During the year under review, the church decided to continue to separate its equipment from its furniture fixtures and fittings. A depreciation rate of 200/0 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 charitablc objccts at thc discrction of thc trustccs. Designated funds - these are funds eamiarked 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￿aS 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 income. 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 nd. fj VAT The charity is not registered for VAT and accordingly expenditure includes VAT were appropriate. 2 Income resources Income coinprises of voluntary donations 3 Employee information None of the tLUStees received any remuneration or reimbursement of expenses during the year. 4 Net income resourees This is stated after charging Dee 2023 POST Depreciation 5 Taxation The charity is exempt from corporation tax on its charity. 6 Tangible fixed assets Equipment Fixtures and fittings Total Cost: At I. January 2023 Additions At 31" December 2023 3,400.00 0.00 3,400.00 3,400.00 0.00 3,400.00 Depreciation At I" January 2023 Provision for year At 31" December 2023 680.00 680.00 680.00 680.00 NET BOOK VALUE 2,720.00 2,720.00 7 Debtors Dee 2023 Dec 2022 Prepgyment and loans 8 Creditors: amounts falling due within one year Dec 2023 Dec 2022 Other Creditors 50.00 Income and Expense Statement INCOME Voluntary Donations 15,700.00 TOTAL INCOME 15,700.00 EXPENSES Hall hire 1,500.00 Computers Clothing Travel 1,989.90 498.80 419.00 Grants 550.00 Miscellaneous 310.00 Admin Cost 710.10 Professional Fees 300.00 Subsistence 700.00 Musical instrument Evangelism 4,500.00 1,200.00 Total Expenses 12,638.80 Surplus 3,061.20