CELESTIAL CHURCH OF CHRIST NORTH LONDON PARISH Report and Financial Statements For the year ended 31 December 2022 Charity number: 283707
CELESTIAL CHURCH OF CHRIST NORTH LONDON PARISH CONTENTS PAGE Legal and administrative information Report of the trustees Independent Examinerfs report Statement of fi nancial activities Balance sheet Notes to the financial statements 9-12
CELESTIAL CHURCH OF CHRIST NORTH LONDON PARISH Legal and administrative information Reference and adrninistratlve detsils Trustees l. Mr 8ode15hola-George Ichaimianl 2. Mr David Ogunboye1Secretary) 3. Mr Michael Magbagbeola 4. Mr Ruben Azama S. Mr Adenryi Francis 6. Mfs Titilayo Shadiya 7. Mrs Olubunmi Ogunboye 8. Mrs Tinubu 9. Mrs Wirtoria Akeke ITreasurer) General Secretary Mr David Ogunboye Address Cloudesley Square London NI OHT Independent Exarniners NF Financial Solutions Ltd CIO Good to Give Ltd Bankers HSBC Islington High Street London Nl 08P Solldtors England & Palmer Solicitors 376 Crty Road London ECIV 2QA 0s.-5 10
CELESTIAL CHURCH OF CHRisf NORTH IONDON PARISH Report of the Trustees for the Year Ended 3151 December 2022 The twstees are pleased to present thw"r report tryether with the financial statements of the chèrty for the year ended 31 December 2022. Structure, Govemance and Management Objectives and Artibities The objects of Celestial Church of Chrirt North Londors Parish are to propagate the name of Our Lord lej5 Christ. There have been no charge5 in objectives sire the lart annual report. Christian Cwnsellin& Athce and Infonnatlon In propagating tfre narne of Our Lord Jesus thrist, the parish eaged in evan8è1ism, prayer sessions. spiritual counsellin& advice aTrJ inforMatn to the zerral publi¢ during fegular weeY seNices. These extend to a55iSting rnemEers and non-members in hou&ni and financial needs, the provision of regulèr'Health cck, for all to attend and dixuss their health problems and have medKal che¢k.up with volunteer Doctors and Nurses. This particular forum has been very hef1 in diclatirq earfy symptorns of sicknesses ar illnesses and r•ferrin8 affected to hospitals for treatment and ¢ure. F#nd?1 assistance for tharitalAe objects The parish dtsnated 8enertyJ to many iTrlividuals in need, SLKh as destitute. the dib18d and the sick in our So¢ty. We also rMIered harKial 5UPPOrt to V¥K)us Oan1tn5 in sUprt of theirowm Iwwnitsrian and charitable activit$ slts to Her Majesty's Prlsons aNI lknpilals Duri the year, ourVKar aNI some members of the parish vi%ted some of Her Majesty's Prisons Hospitals in teams. We Contin to propagate the name of Our Lord Jesus rist throush ¢ouns•llin& ¥)flO$ and prayprs. In thg prison4 a few inmat•s ace•pt•d thri5t and became converted to Christianity, while rnany p6tients in the hospita15 were consoled and son of the dyin8 ones Vre for before theirfinal moments. The trustees have paid due rwrd to guhJanc• issued by Charity commi10 in dec1¥ what acttvrties the charity should LThfertake. Other Charltable adivtties Other charitable actlt5 includè spreadirq the Word of God am0 all natn5 and announcing the good news of the Kin8dom of f)d to the poor in spirit. This was done through our Spiritual Worship5 which are open to the ge[1 publi¢, revi1$. healing5 and evangelism which are condurted to stirnulate spiritual awareness arr the people.
CELESTIAL CHURCH OF CHRIST NORTH LONDON PARISH Report of the Trustees for the Year Ended 3151 December 2022 semir$ and symp05w whith are Organed for Feople to know and uThderstand rrp)re aboLrt the Word of GcY Financial Sotsrte5 The chvrch income comes mainly from the weekly tit5 arwj church buiFding funds, other church contribution5 such as thanksgNw annual conference, travel and music fund5. The Bull(Srq Repai Prokct During the year under review, thè ChUh continued the work on the repair and maintenance of the church bullding. 5tatertnt of Trustee< respornibiljties The Board of Trusteesare respOnbIe for preparin8 the Annual Report arKI the financial staternents in accord•rKe with appk'cable law and United Kirudom Generalfy Accepted Ac¢ountin8 Practice. Charity law applrcable to charities in England/Wales requires the Board of Trustees to prepare financial staternents for eath financial year whh 8Nes a true and fairview of the state of affairs of t Charrty and of the surplus or deficit of the Charity for tt perh)d. In prepariry thse financi•l ststernents the &)ard of Trnstee5 have: Selected 5uf(able a¢countiry 11¢5 and applied them ccffisistently. Made judgments arKI estimate5 that are reasonable prudent. Stated whether applicable accounting stsndards hjve been followed. subject to any material departuresdiKlosed and explain in the finantial statements; and Prepared the financial statements on a going concern basis (th)$$ it is inappropriate to presume that the Charity will Continue in opefationl. The Board ofTrustees ha5 overall reswnsibility for ensuring that the tharity has an appropriate system of ¢trol$, financial and otherwise. They are also responsible for keeping proper account$ records whi¢h disclo with reasonable aceuraty at any time the financial position of the Charity and enable them tt> ensure that the fFnancial statement5 eomply with the Chèrbts Art 1993. They are also sponsIble for Safeguarding the a$5ets of the Charity a1 hence for taki reasonable steps lor the detsction prevention of fnud and other irwularities. The P)ard ofTruste¥tS is fft5pon5ible for the maintenance and integrity of the corporate and financial information. Lewl?tKn in the United Kingdom govèming the preparation and dissemination of financral ststernents may differ from legislation in otherjuri5diction Ststefrnt ofdisciosur• of infomMtion to iftraependent examiner
CELESTIAL CHURCH OF CHRIST NORTH LONDON PARISH Report of the Trustees for the Year Ended 31# December 2022 We, as the Trustee5 of the Charity who held offi.ce at date of apyoval of these financial sl4tements as set out on page 2 each confirm. so far a5 we are awaw, that.. There is no relevant informatim of which the chariS indendent erniner are unaware,. and we have taken all the steps that we ought to have taken a5 Trustees in order to rnake ourselves aware of any reVaftt information and to èstablish that the charity's indeper*Jent examir is aware of that information. Independent Examine¢: The Charity's independent examiner, NF Fin¥Kial Solutions Ltd Clo Good to GNe Ltd, has indicèted theirwllir(ness to offer tknselves for appointnwnt. This report was approveé by the Trustees on and sined on their behalf bv: Date: o ¥ . 2024 f. J-;d O Soye SU•
CELESTIAL CHURCH OF CHRIST NORTH LONDON PARISH INDEPENOEiif EXAMINEfSREPORT FOR THE YEAR ENDED 31 OECEMBER 2011 I report or1t finafiiial statemen15 of the charity for the year end•d 31 Oecernbef 2022 which comprisèthe emen¢ of Fin[la1 kb.wtsd sal¢ Sheet wilh ¥SOtse notes. This lert is made solely to the chafrty's Trustees. as a ITr accordance with se(1Th 145 01 the Charities Act ZOII and rel14115 rnade under section 154 of that Act l•fy work has been unokrtaken 50 that I might state to the thwity's Tr¥stees tlw m•ffers I rewifed to ste to Ihem in an indepffkjent eurniner's repyt aNI fly no purpos•. To ful$¢ extent pemitted l•w, I do fy)t 4c¢eO or •ssume fe$psli1V to anTrfieo¢h•r thanthe tharity th• charhy's Tiustees as a both. fof my •/amination wo1. Th• charity's Trustees •re rMponslt lor Ihe Illw st•temtr4 tlwy conser thal an •udit is r•Ot i•quired fortI4s Vear sectm 14q2}0fthCACt 2011 lthe ktS aThl In dep IS needed. It Ss my responslbilty to.. Exami the Kcour5 Iwthr Seclkni 145 of Ch¥kne5 Art To folkn the tsid do¥m kn th• G•rwal "re(lIanS Ch CornmisslLrS lurtyyer seCtn 14515llbl of the Ch¥fties Aitl. and To state whrfhef p•rtJ'cul•r mattws h•¥t tomy atteffit. My exarninatlon w•5 carriedt In KCOrdar with fxMr awritv Comrni55iCrts. iUd¢S • le¥ rrfwds ktpt h the GfvJp/Ch# and a comp•¢lfi ofth accounts wesented w(th th)s• iKords. ft ako includes onwd•ratYl DI any unusuil items or di5¢1osures In xtounts arKt 5eekini explwiions from •$ trustees cofi¢errwre any sh matt•fS. Th• w(edS ertak•fi d) not wo¥lde al the eA•nc• Ih•t would be required In * •J¢t. cmseW no 15 If4W as to the Int a'trut x•J lairf T••e lh repNt Is limrted 10 fv5e m•tt•rs set out in the ititem•nl o. ffjnnectv with my ex•rnlnation. rn•lter fvs comtto my teTrtion.' 11 which etvK me reason•b5ecW to belit that in matErlal resFQrt the i•quirmws'. • tDkeep Xcryj.nl r¢¢¢rds in accordwKewith secttt)n 130 ofthe kt.. to preparE Srn1Th wh"¢h wrth the •c¢oynts'ry rffords and corn¥ with the aCntIr% requirements of the ha¥e rfl been m•¢. ¢x 21 to tHhic in my opwiim. attentn shrAAd be li orderto th• wop•t nderstanthty of 5t*enw)tsto r•xW. 07 October 2024 KAC.& IWo{ Bs¢. FFA/FIPA On boh41 of NF Fin•naal Sokrtions Ltd
CELESTIAL CHURCH OF CHRIST NORTH LONDON PARISH Statement of flnanciil activltles for the year ended 31 December 2022 Twl F1$ FuTrd4 2•n 21 G91 124Z 67A 44.447 ¢1 13S74) 171• 46.1
CELESTIAL CHURCH OF CHRIST NORTH LONDON PARISH Balance Sheet as at 31 December 2022 FIYED ASSETS CURRENT ASSETS Ikhitt 9MJ 4X.IMI JI NET CURRENT ASSETS 46.3 TOTAL ASSET LE CVRRENT LIABILITIES 46J3fi 41,3 NET ASSETS 410 CIIARITY FVP4DS TOTAL FUP4DS 4fiJJ6 41 The financial statements w•r• approvgd by th• Trustees and s18n•d on thelr behalf, bv.. Ll 0¥ 10. 202Y
CELESTIAL CHURCH OF CHRIST NORTH LONDON PARISH NOTE5 TO THE FINA14QAL STATEMENT FOR THE YEAR ENDED 310ECEMBER Z022 l. Accounting policies The principal accounting polities are set out below. The acconting PC•licies have been adopted consistently throughout the yeèr. al Basis of accounting The financial statements have been prepared urnder the historical cost convention, as modified by the revaluation of certain fixed asset5, and are in accordance with the Statement of Recommended Practice.. Accovnting and Reporting by Charities issued in March 2005 and the Financial Reportin¥ 5tand8rd for Smaller Entities leffeetNe April 20081. bl IncominK fesourtes from genefaled fund5 Incoming resouree5 from generated funds represents donations towards weeklv tithès. church bLtilding fund, thanks8ivir6, annual nferenCe, travèl and other contributions c) Incoming resowces.. Intffe5¢ receivable Interest is credited in the year in which it 15 We)ved. dl Resouros expended Expenditure is recognised when a liability is incurred. Fundin8 provided through ontrjctual agreements and performante related grants are reetsgni5ed as services are supplied. Other grant payments are recognised when a constructive obli8atty)n èrises that results in the payrnent being unavoidable. Costs of 8enetaling funds arè those c05t5 incurred in attratting voluntsry income, and those incurred in activities that raise funds. Grants payable are payments made to third parties In the furtherante of the haritable objectives of thè Trust. Single 01 mulii-year grants are accounted for when either the recipiènt ha5 a reasDnable expe¢tatign that they will receive a grant the trustees have agreed to pay the grant wItUt condition, or the recipient has reasonable expectation that they will receive a grant and any condition atta¢hin8 to thtBrdnt is o1rt5ide of the control of the TILt. Provisions forgrants are made when the intention tL) make a grant has been ¢omrnunicated to the recipient but there is UnrtaInty about eitherthe timin8 of the grant or the èrnount of grant payab. Governance Costs IrUde those incurrèd in the governance of its assets and are primarily a$50ciated with constitutional and statutory quIrements.
CELESTIAL CHURCH OF CHRIST NORTH LONDON PARISH NOTE5 TO THE F114ANCIAL 5fATEMENf FOR THE YEAR ENDED 31 DECEMBER 2022 Support costs include central frJnctions and have been allctated to activity cost ¢ate8ories on a basis ¢onst5tent wrth the use of SourCes. Depreciation Depreciation is Cakulated at rates estimated to wrire off the cost of all tsngible fixed assets over thèir expected useful INes'. During the year under review, the church decided to continue to separate its equipmeftt from its furni(ure fLXtures fittin8s. A depreCIatn rate of 20% was applied on each category on • reduang balance basis. el Fund structute The principal a¢¢ountin8 polries •re set out bek)w. The accountin8 policies have been adopted con5iStently thro¥PK)ut the year. The fvnd5 held by the ¢harity are ef(her: Unrestrirted genemlfvnds- these a lunds which can be used in accordanee with the charitsble objeets •1 the discretion of the trustee DqnOted1Und5- these are fuNlsearmarked by the trustee5 Qut of unrestricted general fund5 for Speci future purposes or project% RestriCtedfvr- Ihese are funds that can only bè US fw particular restri¢ted purp)ses within the objects of the charty. Restrictions arlse when sp1rd bythe dOr orwtrn funds are raised for particular restricted purp)se$. EndmetfundS- these are fuThJs that reptèsent èssets which rwst be held permarEntly by the charity. Iorne arisirq on the endowrnent fun can be used in attordance with ihe obiects of the charrty and is included unrestricted Inco. Any capital 83ins or losse5 arising on the investrT*nts fofrn part of the fvnd. Investment management cr8eSand1t&a1 ad¥its relatiry to the fund are charged a8ainst the fund. fj VAT The charity is not regiSted for VAT arxl accordir@ty exlIre includesVAT whert appropnate. 2 Income resour¢e5 Inrome coffwises of donatK>n5 ard tiths io
CELESTIAL CHURCH OF CHRIST NORTH LONDON PARISH NOTE5TQ THE FINANaAL STATEMENT FOR THE YUR ENDED 31 DECEMBER 2022 3 Employee Information None of the trustees received any remuneration or reirnbursemenl of •xp8nses during the year. The Vicar rontinued to receive hi5 Usual remun8ration, 4 Trustee Expen$e5 There were no Trustee expenses p•id durtn8 th4 y•ar •nded 31 December 2022 and 31 December 2021, S Taxatlon The ¢harSty is e¥empl from corporatlon tax on f¢s charitable aCtilIeS. 6 DebtOf5 Prepayment5 and loans l A Idowul 500 7 C.reditors: amounts falling due within one year Accrui1$ 2,330 2,330 li