CELESTIAL CHURCH OF CHRIST, THRONE OF GRACE PARISH CHARITY REGISTRATION NO: 1205100 ANNUAL RETURN FOR YEAR END 31st December 2024 GHURCH GwRISTAINI8 o OLO O CELESTIAL CHURCH OF CHRIST, THRONE OF GRACE PARISH 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 statement 14 CELESTIAL CHURCH OF CHRIST, THRONE OF GRACE PARISH Legal and administrative information Trustees Kayode Richard Abeleje - Chairperson Orighomisan Faith Remere Adeola Akinpelu Address Unit 4 First Tier Industrial Estate, Frederick Street, Walsall. WS2 gNJ Independent Examiners Solomon Allistar IMAATI 54 Carriocca Business Park, Hellidon Close, Ardwick Manchester M12 4AH Charity Registration Number 1205100 CELESTIAL CHURCH OF CHRIST, THRONE OF GRACE PARISH Report of the Trustees for the Year Ended 31st 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- Throne of God Parish are to propagate the name of Our Lord Jesus Christ. Christian Counsellin& Advice, and Information 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 assisting members and non-members in housing 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 Dortors 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 individua15 in need, such as destitute, the disabled and the sick in our society. We also rendered financial support to various organisations in support of their own humanitarian and charitable 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 Worship5 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 fund5. The Building Repair Project During the year under review, the church continued the work on the repair and maintenance of the church building. Evangelism The church held evangelism programs that attrarted new members into the fold. Musical Instruments The church acquired new musical instrument that enable us to attract more membership into the fold and to facilitate the organisations charitable objectives. 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 whith 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.. SelectÈd suitable atcounting 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 ba515 lunles5 It is inappropriate to presume that the Charity will continue in operationl. 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 a55ets 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, THRONE OF GRACE PARISH Report of the Trustees forthe Year Ended 31$t December 2024 We, 35 the Trustees of the Charity who held office at the date of approval of these flnancial statements as set out on page 2 each confirm, so far as we are aware. that.. There15 no relevant inforniation of whlch the Charlty's Independent examSner are unaware,. and we have taken all the step5 that we ought to have taken as Trustees In order to make ourselves aware of any relevant inforrnation and to establish that the tharity's independent examlner is aware of that Information. Independent Examlner.. The Charlty's Independent examlner, Solomon Alli5tar IMAATI ofSAA BUSINESS SUPPORT LTD has Indlcated their willin8ne5S to continue In ofFice and offer themselves for appolntment. Thls report was approved bythe Trustees and signed on their behalf by.. Kayode Richard Abelele 2610312025 4¥ CELESTIAL CHURCH OF CHRIST, THRONE OF GRACE PARISH Independent Examinerfs Report for the Year Ended 31" December 2024 I report on the financial statements of the charity for the year ended 31st of December 2024 which comprise the Statement of Financial Activities and Balance Sheet with associate 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 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 perrnitted 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 Ithe Act) and that an independent examir)ation is needed. It is my responsibility to.. Examine the accounts lunder Section 145 of the Charities Act). To follow the procedures laid down in the General Directions given by the Charity Commissioners (under 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 include5 a review of the accounting records kept by the Group/Charity and a compari50n 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 procedure5 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 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.. 26/0312025 CELESTIAL CHURCH OF CHRIST, THRONE OF GRACE PARISH Statement of financial activities for the year ended 31st December 2024. Unrestricted Re5tri£ted Total pu￿d5 Total Funds 2024 2024 2024 2023 Notes Incoming Re50urees General offerings Gift Aid Grants 32,499.21 32,499.21 Total Incoming Resources 32,499.21 32,499.21 Resources expended Dire£l charitable exp¢nditure Governance costs 29.552.36 29,552.36 Total resources expended 29.552.36 29,552..36 Movement in total fund for the year- Net income I (expenditure) for the year Net Gain (Losso on investment 2.946.85 Fund Bal blf Fund B#1 elf 2,946.85 CELESTIAL CHURCH OF CHRIST, THRONE OF GRACE PARISH Balance sheet as of 31st December 2024. 2024 2024 2023 2023 Notes FIXED ASSETS Tangible a55ets CURRENT ASSETS 12 4,372.SO Debtors 13 Cash at bankl in hand 2,876.23 CREDITORS #mounts falllng due within one ye#r 13 NET CURRENT ASSETS 2,876.23 TOTAL ASSETS LESS CURRENT LIABILITES 7,248.73 NET ASSETS 7.248.73 CHARJTY FUNDS Unrestrleted funds 7,248.73 Rcstrictcd funs TOTAL FUNDS 7,248.73 CELESTIAL CHURCH OF CHRIST, THRONE OF GRACE 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 Inodified 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 it IS Teceived. d) Resources expended Expenditure is recognised when a liability is incurred. Funding provided through cOntrac￿al agreements and performance related grants are recognised as services are supplied. Other grant payments are recognised when a constrnctive obligation arises that results in the payment being unavoidable. C05t5 of generating funds are those costs incurred in attracting voluntary income, and those incU￿ed in activities that raise ￿nds. Grant5 payable are payments made to third parties in the furtherance of the charitable objective5 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 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 primarily associated with constitutional and statutory requirements. Support costs include central functions and have been allocated to activity cost categories on a basis Lonsistent with the use ot- resources. Depreciation Depreciation is calculated at rates estimated to write off the cost of all tangible fixed assets over their expected useful lives.. Equipment, Fixtures and Fitting.. 200/0 During the year under review, the church decided to continue to sepat2te its equipment from its furniture fixtures and fittings. A depreciation rate of 200/0 was applicd on cach category on a rcducing balance basis. e) Fund strneture 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 charitable objects at the discretion ot the trustees. Designated funds - these are funds earmarked by the trnstees 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 tunds - these are funds that represent assets which must be held pennanently by the charity. Income arising on the endowrnent fiu]d 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 forni 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 Income resources Income comprises 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 1,457.50 5 Taxation The charity is exempt from corporation tax on its charity. 6 Tangible fixed assets Eqllipment Fixtures and fittings Total Cost: At 10 October 2023 Additions 5,830.00 5,830.00 At 31 December 2024 5,830.00 5,830.00 Depreciation At 10 October 2023 Provision for ye8r At 31 December 2024 1,457.50 1,457.50 1,457.50 ,457.50 NET BOOK VALUE 4,372.50 4,372.50 7 Debtors 2024 2023 Prepayment and loans 1,200.00 8 Creditors: amounts falling due within one year 2024 2023 Other Creditors CELESTIAL CHURCH OF CHRIST, THRONE OF GRACE PARISH INCOME AND EXPENDITURE STATEMENT FOR YEAR ENDED 31 DECEMBER 2024 INCOME Voluntary Donations 32,499.21 TOTAL tNCOME 32,499.21 EXPENSES Rent / Rates 16,530.00 Charity Professional Fee 1,059.41 539.19 Travel 1,316.30 1,031.73 217.98 Welfare Hotel Evangelism Musical Instrument 2,771.23 5,830.00 loo.00 Volunteer Expenses Subsistence 24.07 Ad Hoc Expenses Phone 12.25 10.00 Admin 109.76 Total Expenses 29,552.36 Surplus 2,946.85