GHURC CELESTIAL CHURCH OF CHRIST CHRIST GLORY PARISH (Company Registration number 1203620 ANNUAL RETURN FOR YEAR END 31st of December 2024 CELESTIAL CHURCH OF CHRIST CHRIST GLORY PARISH CONTENTS PAGE Legal and administrative inforrnation Report of the trustees Independent Examinerfs report Statement of financial activities Balance sheet io Notes to the financial statements 11-14 CELESTIAL CHURCH OF CHRIST CHRIST GLORY PARISH Chari Information THE TRUSTEES Adenola Adebayo Oduniyi - Chair Temitope Adetoun Ladele Oluyomi Sowemimo Charity Registration No: 1203620 REGISTERED ADDRESS 7 Wansford Close Bradford BD4 OPF OPERATING ADDRESS 41 Derby Street, Cheetham Hill, Manchester M8 8HW BANKERS Cashplus Bank ACCOUNTANTS SAA BUSINESS SUPPORT LIMITED 54 Carriocca Business Park Hellidon Close, Ardwick Manchester, M12 4A CELESTIAL CHURCH OF CHRIST CELESTIAL CHURCH OF CHRIST CHRIST GLORY PARISH Report of the Trustees for the Year Ended 31 December 2024 The trustees are pleased to present their report together with the financial statements of the charity for the year ended 31" December 2024 Structure, Governance and Management Objectives and Activities The objects of the Celestial Church of Christ- Christ Glory Parish are the advancement of the Christain religion in accordance with the statement of faith as set out in the bible by propagating the doctrines of Celestial Church in the United Kingdom Chrlstlan Counselllngi Advlce, and Informatlon 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 asslsting members and non-members in housing and financial need5, 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 affected to hospitals for treatment and cure. Financial assistance for charitable objects The parish donated 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 irb support of their own humanitarian and ch3ritable 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 was 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 Financial 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. Acquisitions for Music equipment During the year under review, the church bought additional musical instrument to aid in the objective of furthering their core charitable objective. Acquisition of Spiritual items The church purchased a new Pulpit, 5 altar cover clothes, extra sitting chairs and other key items as well. Statement of Trustees, responsibilities The Board of Trustees are responsible for preparing 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 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 prLJdent, Stated whether applicable accounting standards have been followed, subject to anv material departures distlosed 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 Charities 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 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 CELESTIAL CHURCH OF CHRIST CHRIST GLORY PARISH Report of the Trustee5 for the Year Ended 31 December 2024 We. a5 the Trustees efthe Charity who held offio at the dateofapproval of these financlal statements a5 5etouton page 2 eath confirm. so fara5 weare aware, Ihat= There is no ￿leVant information ofwhirh the Charity's independent e¥amiTrerare naware,. and we havetaken 311 the steps that weou8ht to have taken as TrustEes In orderto make ourselve5 awareof any relevant information and to e5tabli5h that ihe charity'5 independent examiner 15 aware of that informatien. Irtdependent Examlner.. The Charity's independent examiner. Solomon Afiistar IMAAT) ¢Jf SAA BVSINE55 SUPPORT LTD has Indicated their willlngness to continue in officÈand offer ¢hem5thes forappointment. This report was approved by the Trustees on and slwed on their behalf by.. Adenola Adebayo Oduniyi- ChaErniatL Board ofTnwee 23104r2025 281124 CELESTIAL CHURCH OF CHRIST CHRIST GLORY PARISH Independent Examine¢s Report for the Year Ended 31 December 2024 I report on the financial statements of the charity for the year ended 31 December 2024 which comprise the Statement o* 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. Respectlve Responslbllltles of Trustees and Examlner 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 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 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 3ccord3nce with the General Dirertions 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 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 accordance with sertion 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 2310412025 CELESTIAL CHURCH OF CHRIST CHRIST GLORY PARISH Statement of financial activities for the year ended 31 December 2024 Unrestricted Restricted Total FU￿d5 Total FuThds 2024 2024 2024 2023 Notes Incoming Resuurces General offerings Gift Aid la-e 3&326.47 6586.71 2,000.00 40,326.47 6,586.71 49,177.12 Grants Total IncomiDg Resources 44,913.18 2,000.00 46,913.18 49,177.12 Resources expended Direct charitable expenditure Goi'ernance costs Id 41,558.43 2,000.00 34,466.50 45,432.92 Id Total resources expended 41,558.43 2,0110.00 34,886.50 4S,432.92 Movement in total fund for the ve#r- Net income I (cxpenditure) for the year 3,354.7S 3,744.21 Net Gain {LossO on Investment 3,354.75 3,744.20 Fund Bal blf 3,354.7S 3,744.20 FuThd Bal clf 3,744.21 CELESTIAL CHURCH OF CHRIST CHRIST GLORY PARISH Balance sheet as of 31 December 2024 2024 2024 2024 Note5 FIXED ASSETS Tangwible a55ets CURRENT ASSETS 12 11,049.75 11,1149.75 Debtors 13 Cash at ba￿k 1,16S.80 1,165.80 CREDITORS amount5 falliDg due within one year NET CURRENT ASSETS 1,165.80 1,165.80 TOTAL ASSETS LESS CURRENT LIABILITES 12.215.55 12.215.55 CREDITORS &mounts falling due mor¢ than veAr NET ASSETS 12.215.55 CHARITY FUNDS Unrestricted funds 12.215.55 TOTAL FUNDS 12,215.55 CELESTIAL CHURCH OF CHRIST CHRIST GLORY PARISH Notes to the Financial Statement for the Year Ended 31 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 sLqtements have been prepared under the historical cost convention, as modified 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 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 15 received. d} Resources expended Expenditure is recog7nised when a liability is incu￿ed. Funding provided through contractual agFreements and performance related gTants are recogJnised as 5erYices aTe supplied. Other gJrant payrnents are recogynised when a constructive obligJation arises that results in the payment being unavoidable. Costs of gcncrating funds arc thosc costs incurrcd in attracting voluntary incomc. and thos¢ incutt¢d in activities that raise funds. Grants payable ar¢ paym¢nts made to third parties in the furtheranc¢ of th¢ charitable objeelives 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 trllste¢s have agreed to pay the granl wiihout condition, or the recipient has a reasonable expectation that tliey 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 communicated to the recipient but there is uncertainty about either the tiining 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 estirnated to write off the cost of all tangible fixed assets over their expected useful lives.. Equiprnent, Fixtures and Fitting.. 200/0 Equipment 200/0 DuTingJ the ye4ir under review, the church deLided to continue to sepiirate its equipment fruTn its fuTniture fixtures and fitting5. A depreciation rclte of 20 % was applied on each LategoTy on a reducing balance basis. e) Fund structure Thc principal accounting policics arc sct out bclow. Thc accounting policics havc bccn adopted eon8i8tently 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 earmarked by the trustees out of unrestricted general funds for specific future purposes or projects. Restricted funds - these are fijnds 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 funds that represent assets which must be held pennanently 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 forni part of the fund. Investment management charges and legal advice Telating to the fund are charged against the nd. D VAT The charity is not registered for VAT and accordingly expenditure includes VAT were appropriate. 2 Income resources Income comprise5 of donations and tithes 3 Employee information None of the trustees received any remuneration or reimbursement of expenses during the year. 4 Net income resources This is stated after charging 2024 2023 POST Depreciation 3,683.25 5 Taxation The charity is exempt from corporation tax on its charity. 6 Tangible fixed assets Equipment Fixtures and fittings TotAI Cost: At 01 January 2024 Additions 14,733.00 14,733.00 14,733.00 14,733.00 At 31 December 2024 Depreciation At l January 2024 Provision for year At 31 December 2024 3,683.25 3,683.25 3,683.25 3,683.25 NET BOOK VALUE 11,049.75 11,049.75 7 Debtors 2024 2023 Prepayment and loans 8 Creditors: amounts falling due more than one year 2024 2023 Other Creditors 9 Creditors: amounts falling due within one year 2024 2023 Other Creditors CELESTIAL CHURCH OF CHRIST CHRIST GLORY PARISH INCOME AND EXPENDITURE ACCOUNT FOR YEAR ENDED 31 DECEMBER 2024 INCOME Voluntary Donations Gift aid 40,326.47 6.586.71 Total income 46,913.18 EXPENSES Rent 17,200.00 1,170.00 6,819.00 156.30 Musical Instruments Fin3nce Church worship Items Evangelism Ad Hoc Expenses Savings Charity Activities Travel Expenses Professional fees Welfare Harvest Events (Child and Events Vehicle Expenses Events 5,464.00 620.00 60.00 500.00 290.00 30.00 1,722.80 300.00 4,357.33 424.00 1,200.00 650.00 Accounting Fees Loan Repayment Hotel Expenses 2,500.00 95.00 Total Expenses 43,558.43 Surplus 3.354.75