CELESTIAL CHURCH OF CHRIST, THRONE OF GRACE PARISH CHARITY REGISTRATION NO: 1205100 ANNUAL RETURN FOR YEAR END 31st December 2025 GHURCH o OLO O CELESTIAL CHURCH OF CHRIST, THRONE OF GRACE PARISH CONTENTS PAGE Legal and administrative information Report of the trustees Independent Examinerfs 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 9NJ Independent Examiners Solomon Allistar IMAATI 54 Carriocca Business Park, Hellidon Close, Ardwick Manchester M12 4AH Charity Registration Number 1205100 BANK Lloyds Bank CELESTIAL CHURCH OF CHRIST, THRONE OF GRACE PARISH Report of the Trustees for the Year Ended 31st December 2025 The trustees are pleased to present their report together with the financial statements of the charity for the year ended 31" December 2025 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. Chrlstlan Counsellln& 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 Eeneral 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 Doctors and Nurses. This forum has been very helpful in dictatinE 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 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 8ood 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. 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 attracted 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 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 anv 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 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 POSltion 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, THRONE OF GRACE PARISH Report of the Trustees for the Year Ended 31" December 2025 We. as the Trustees of thè Chariry who hèld office at the date of approval of thèse tlnanclal statements a5 set out on page 2 each confirm, so far as we are aware, that: There is no relevant Information of whlch the Charity'5 independent examiner are unaware,. and we havè taken all the steps that we ought to have takèn as Trusteès in order to wnake ourselve5 aware of any relevant inFormalion and to establish ihat the charlty's independent examiner is aware of that infomiation. Independent Examlner. The Charity's independent examlner, Solomon Allistar IMAAll of SAA BUSINE55 SUPPORT LTD has indicated their willingness to continue in office and offer themselves for appointment. Thi5 report was approved by the Trustees and signed on their behalf by: Kayode Richar Abelele 05108n026 CELESTIAL CHURCH OF CHRIST, THRONE OF GRACE PARISH st Independent Examinerfs Report for the Year Ended 31 December 2025 I report on the financial statements of the charity for the year ended 31" of December 2025 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 sectiorb 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 Responslbllitles 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 Ithe Actl 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 (under Section 1451511bl 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 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 vndertaken 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 fairf 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.. 05108/2026 CELESTIAL CHURCH OF CHRIST, THRONE OF GRACE PARISH Statement of financial activities for the year ended 31st December 2025. Unrestricted Restricted Total Funds Total Funds 2025 2025 2024 Notes Ineoming Rtsourets General offerings Gift Aid 28,661.84 6,887.23 28,661.84 6,887.23 32,499.21 Grant5 Total Incoming Resourees 35,549.07 35,549.07 32,499.21 Resources expended Direet charitable expenditure Governanet Costs 34.128.72 34,128.72 29,552.36 Total resources expended 29.552.36 Net Gain (Losso on investment .420.35 1.420.35 2.946.85 Fund Bal bir .420.35 Fund Bal clf 2.946.8S 2.946.85 CELESTIAL CHURCH OF CHRIST, THRONE OF GRACE PARISH Balance sheet as of 31st December 2025. 2025 2025 2024 2024 Noteg FIXED ASSETS Tangible assets CURRENT ASSETS 12 4393.17 4,372.50 Debtor5 13 Cash at bankl in hand 6,529.77 2,876.23 CREDITORS arnounts falling due within one year 13 NET CURRENT ASSETS 6,529.77 2,876.23 TOTAL ASSETS LESS CURRENT LIABILITES 10,822.94 7,248.73 NET ASSETS 10,822.94 7,248.73 CHARITY FUNDS Unrestricted funds 10,822.94 7,248.73 Restricted fun5 TOTAL FUNDS 10,822.94 7,248.73 CELESTIAL CHURCH OF CHRIST, THRONE OF GRACE PARISH Notes to the Financial Statement for the Year Ended 31st December 2025 l. Accounting policies The principal accounting policies are set out below. The accounting policies have been adopted consistently tl]roughout the Jear. a) Basis of accounting The financial statements have been prepared under the historical cost convention. as modified by the reTralllation 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 t.or 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 received. d) Resources expended Expenditure is recognised when a liability is incurred. Funding provided through contractual agFreements and performance related gTrants are recogFnised as services are supplied. Other gJrant payrnents are recogFni5ed when a constructive obligFation ariscs that rcsults in th¢ paymcnt bling unavoidable. Costs ot. generating tunds are those ¢osts in¢urred in attracting voluntary in¢om¢, and those incurred in activities that raise funds. Grants payable are payments made to third parties in the furtherance of the chatitable objectives of the Trust. Single or multi-year grants are accounted for when either the recipient has a reasonable expectation that the! 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 arnount 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 categTorie5 on a basis consistent with the use of resources. Depreciation Deprecicltion is calculated at rate8 estimated to ￿lte off the Cost of all tangible fixed asscts over their expcctcd uscful lives- Equipment, Fixtures and Fitting.. 20°/ During the year under reNiew. the church decided to continue to separate its equipment from its furniture fixtures and fittings. A depreciation rate of 20 % 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 gJeneral funds - these atE tunds which can be used in a¢¢ordan¢e with the Charitable objects at the discretion of the trustees. Designated funds - these are funds earmarked by the trnstees out of unrestiicted general funds for specitic 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 specitied 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 forn] part of the fund. Investment management charges and legal advice relating to the fund are charged against the fund. fj VAT The charity is not registered for VAT and accordingly expenditure includes VAT were appropriate. 2 Income resources Income cornprises of donations and tithes 3 Employee information None of'the truslees received any remuneration or reimbursement ot expenses during th¢ year. 4 Net income r¢sour¢es This is stated after charging 2025 2024 POST Depreciation 1,073.29 1,457.50 S Taxation The charity is exempt from corporation tax on its charity. 6 Tangible fixed assets Equipment Fixtures and fittings Total Cost: At I" January 2025 Additions 4,372.50 993.96 4J72.50 993.96 At 31 December 2025 5,366.46 5,366.46 Depreciation At 1st January 2025 Provision for )'ear At 31 December 2025 1,073.29 1,073.29 1,073.29 1,073.29 NET BOOK VALUE 4,293.17 4,293.17 7 Debtors 2025 2024 Prepayment and loans 1200.00 8 Creditors: amounts falling due within one year 2025 2024 Other Cr¢ditor$ CELESTIAL CHURCH OF CHRIST, THRONE OF GRACE PARISH INCOME AND EXPENDITURE STATEMENT FOR YEAR ENDED 31 DECEMBER 2025 TNCOME Voluntary Donations Gitl Aid 28,661.84 6,887.23 TOTAL INCOME 35,549.07 EXPENSES Rent l Rates 15,253.32 2,600.00 2,876.97 1,192.82 1,872.34 252.54 Charily Professional Fee Travel Weltare Hotel EN'angelism Musical Instrument 7,544.34 993.96 Volunteer Expenses Finance fees 830.00 31.78 Ad Hoc Expenses Phone 358.14 50.00 Admin 272.51 Total Expenses 34,128.72 Surplus 1,420.35