CELESTIAL CHURCH OF CHRIST VICTORY LAND PARISH CHARITY REGISTRATION NO 1208510 ANNUAL RETURN FOR YEAR END 31st December 2024 ditional Valu
CELESTIAL CHURCH OF CHRIST VICTORY LAND 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 account 14 d1tional Value
CELESTIAL CHURCH OF CHRIST VICTORY LAND PARISH Le al and Administrative information THE TRUSTEES Akindele Oyejide Abioye- Chair Elijah Sunday Afolabi Abiola Abraham Abioye Charity Registration No: 1208510 REGISTERED ADDRESS Ramsden House Unit 2-3 Hudder5field HDI 2UU BANKERS Wise Payment Limited ACCOUNTANTS SAA BUSINESS SUPPORT LIMITED 54 Carriocca Business Park Hellidon Close, Ardwick Manchester, M12 4A d1tional Value
CELESTIAL CHURCH OF CHRIST VICTORY LAND 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 Oecember 2024. Structure, Governance and Management Objectives and Activities The objects of the Celestial Church of Christ, Victory Parish are to advance the Christain faith in accordance with the statement of faith as set out in the bible by propagating the doctrines of Celestial Church of Chirst in the United Kingdom Christian Counsellin& Advice, and Information In propagating the name of Our Lord Jesus Christ, the parish engaged in evangelism, prayer. se55ions, 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 Doctors and Nurses. This forum has been helpful in dictating early symptoms of sicknesses and illnesses. and referring the affected to hospitsls for treatment and cure. Financial assistance for charitable objects The parish donated generously to many individuals in need, such as destitute, people with disabilities. 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 arnong the people, seminar5 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. ditional Valu
Acquisitions for Music equipment During the year under review, the church bought additional new musical equipment to aid in the objective of furthering their core charitable objective. 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- 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 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 ditional Valu
CELESTIAL CHURCH OF CHRIST VICTORY LAND PARISH Report of the Trustees for the Year Ended 31st December 2024 We, as the Trustees of the Charity who held office at the date of approval of these financial statements as set out on page 2 each confirm, so far as we are aware, that.. There is no relevant information of which the Charity's independent examiner are. unaware,. and we have taken all the steps that we ought to have taken as Trustees in order to make ourselves aware of any relevant information and to establish that the charity's independent examiner is aware of that information. Independent Examiner.. The Charity's independent examiner, Solomon Allistar IMAATI of SAA BUSINESS SUPPORT LTD has indicated their willingness to continue in office and offer themselves for appointment. This report was approved by the Trustees on and signed on their behalf by: Dated......241.0fi12025......... Mr Akind e Oyejide Abioye d1tional Value
CELESTIAL CHURCH OF CHRIST VICTORY LAND PARISH Independent Examinerfs Report for the Year Ended 31st December 2024 I report on the financial statements of the charity for the year ended 31 December 2024 which. comprise the Statement of Financial Activities and Balante 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 tharity'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 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 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 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 Eiven 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. ditional Valu
Independent Examlner'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. Signed- SOLOMON ALLISTAR IMAATI Dated.. 2410612025 d1tional Value
CELESTIAL CHURCH OF CHRIST VICTORY LAND PARISH Statement of financial activities for the year ended 31st December 2024. Unrestricted Re5tri£ted Total Fund5 Total Funds 2024 2024 2024 2023 Notes 1coMiNg Resourees General offering5 Gift Aid 37,706.29 2,Sl)O.00 40,20629 Grant5 11 Total Incoming Re50urees 37,706.29 2,Sl)O.00 40,20629 Resources expended Direct charitable expenditure Governance costs 37,510.78 37,510.78 Total resources expended 37,510.78 37,510.78 Movement in total fund for the vear- Net iThcome I (expenditure) for the year Net Gain (Loss on investmeDt 2,695.Sl 2,695.51 Fund Bal blf 2,695.51 2,695.51 und Bal ¢lf ditional Valu
CELESTIAL CHURCH OF CHRIST VICTORY LAND PARISH Balance sheet as of 31st December 2024. 2024 2024 2023 2023 Notes FIXED ASSETS Tangible assets CURRENT ASSETS 12 9,014.25 Debtor5 Cash at bank 2,695.91 CREDITORS amounts falling due within one year ]¥ET CURRENT ASSETS 2.695.91 TOTAL ASSETS LESS CURRENT LIABILITES 11,710.16 CREDITORS amounts falllng due more than year NET ASSETS 11,710.16 CHARJTY FUNDS Unrestrlcted funds 11,710.16 TOTAL FUNDS 11,710.16 ditional Valu
CELESTIAL CHURCH OF CHRIST VICTORY LAND PARISH. st 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 statements 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 it is received. d) Resources expended. Expenditure is recognised when a liability is incued. Funding provided through. cOntracal agreements and performance related grants are recognised as services. are supplied. Other grant payments are recognised when a constrnctive obligation. aris¢s thosc rcsults in th¢ payincnt b¢ing unavoidabl¢. Costs of g¢n¢rating funds ar¢ those costs incurred in attracting voluntary income. and those incurred in activities that raise lunds. Grants payabl¢ ar¢ payments made to third parties in th¢ furth¢ranc¢ of the charitable objectiv¢s of the Trust. Single or multi-y¢ar grants ar¢ accounted for when eith¢r the reLipient 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 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. primarily associated ivith constitutional and statutory requirements. ditional Valu
Support costs include central functions and have been allocated to activity cost. categories on a basis consistent with the use ot-resourees. 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 but becau8e the period 1.8 6 month%, the percentage used for the purpose of this accounts will be IOO/o. During the year under review, the church decided to continue to separate its equipment from its furniture tixtures and fittings. A depreciation rate ot 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 fid5 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 fidS for specific future purposes or projects. Restricted fidS - 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 fidS that represent assets which must be held. pemianently 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 Lapital gFains or losse5 arisingJ on the investments fomi part of the fund. Investment m(InagFement chargFes and legyal advice relating to the fund are charged agTainst the fund. fj VAT The charity is not registered for VAT and accordingly expenditure includes VA T were. appropriate. 2 Income resources Income Lomprises of donations and tithes. 3 Employee information None of the trnstees received any remuneration or reimbu¢Ment of expenses during thL year. 4 Net income resources ditional Valu
This is stated after charging. 2024 2023 POST Depreciation 3,004.25 5 Taxation The charity is exempt from corporation tax on its charity. 6 Tangible fixed assets Equipment Fixtures and fittings Total Cost: At 19 June 2023 Additions At 31 December 2023 12,019.00 12,019.00 12,019.00 12,019.00 Depreciation At 19 June 2023 Provision for year At 31 Deeember 2023 3,004.75 3,004.75 3,004.75 3,004.75 NET BOOK VALUE 9,014.25 9,014.25 7 Creditors: amounts falling due more than one year. 2024 2023 Other Creditors 8 Creditors: amounts falling due within one year. 2024 2023 Other Creditors d1tional Value
INCOME AND EXPENDITURE ACCOUNT FOR YEAR ENDED 31 December 2023 INCOME Voluntary Donations Gift aid. 47,677.00 Total income 47,677.00 EXPENSES Rent Spiritual Items Ad hoe Expenses Travel Church Welfare Utilities Charity activies Finance Fee Lllusical instrument Fitting and Fixtures Professional fees Accounting Fee Volunteer Expenses Maintainece c05t Decor Admin Other Equipment Insurance Evangelism 3,853.39 1,750.55 235.52 2,932.66 1,090.38 514.00 3,316.04 3.17 4,850.00 4,569.00 3,807.13 150.00 344.00 146.46 2,800.00 330.65 2,600.00 337.13 3880.70 Total Expenses 37,510.78 Surplus 2,695.51 d1tional Value