Registered Chariti No- 283707 Celestial Church of Christ North London Parish Trustees Report and Accounts for the Year Ended i l December ?0?3
CONTENTS PAGE Leoal and Administratii'e Details Trustees, Report Independent Examiners Report Staiemenl of Financial Act1.111eS Balance Sheel Notes lo the Accounts
REFERENCE AND ADI%llNISTIL4TII'E DETAILS OF THE CH.4RITY. ITS TRUSTEES AND ADVISERS FOR THE I'EAR EIDED 31 DECENIBER 2023 Trustees l. Be lshola Georgy¢ Ichairl Georgina Serrdno Dal id OgunLx)i.e 4. Olubunmi OgunFM)ve i. A Trnes Tinubu 6. Victoria Akeke 7. Michael MaLTbaobelola 8. Andrem Frdn¢iS 9. Reubell Azama Cbaritv rc¥i51ered Number 28J707 Dale of cb#ri¢able TegistratiD ?0" NovemEti 1981 Principal olTice 18 Julius Nverere Close LONtX)N NI OJT Secretarv David Ogunknje Illdependells examiners Accounting Assist Ltd- CIO GO io Give Ltd Banker5 HSBC Bank .I,,lJg
TRLSTEES. REPORT FOR THE YEAR ENDED31 DECENIBER 2023 The Board of Trustees. w.ho are the irusiees c]vril)" lam. purrxises. submii their annual reFKlrt alld Ihe financial siaiemen15 ofcelestial Church of Christ North London Parish for ihe N'ear ended i I Deceinber ?0• j. Th¢ Board of Trusrees confim15 (hal (he annual rewrt and financial 51ateinents of ihe Chariil compli. th ith currtni siaiuiori requiremen15. The requireinenrs of the Cha]it!'s goiernin? document and rhe provision5 ()fihe Siaiemeni ol- Recom[Tnded Praciice ISI)RPI'Accouniing and Reporting bl. Chariiies Ivised 1}>),. Struetlltrg goi'ernaDce and mattxgerneTrt The 9 Trustees 4re: Je Ishola Geor¥e (Chair) Geor¥ina Serrano DaN'id OounlM)Ne Olubunrni OgunEK)ye Agnes Tinubu vioria Akeke Michael Magbaob¢lola Andrem Fran¢is Reuiyn Azarna The Triistees plav a primar) role in ensuring (TLKXI goVernae and funeiioning of the foundation. The Board's rolL. functions and IiSP)nsibilities are quiie clearl! defin¢d. The Charitv CUen1]V has a dedicated team of Advisory knard Mernbe in the UK who have helped to secure financi suppor( and coniribuie io the future plannino of the organisation. Christian CoyDsellin& Adi'ice attd Inforrn4tioD In propagaling the name of Our Lord Jesus Chrisi. Ihe parish enga(red in evangelism. prayer se5SiOll& Spiriiual coun5¢11ing. advice and inforniation to the generdl publie during regular 'eekIN, sernices. These exiend to assisting members and non-memlrr5 in housing and fina]Kial needs. the provision of regulaT'Healih Check. for all to atteThJ and discuss ih¢ir health problems and have medical check-up ith volunteer D[or5 and Nurses. This particular forurn has veri, helpful in dictaiingT farly symptoms of stcknesses and illnesses and r¢ferring ihe affected to hospitals for treamieni and cur¢. FiDaD¢i&l 4ssisiaDf¢ for charitable objects The parish doned gerQu51Y to many individuals ill such as destite. the disabled and ihe sick in our 50cietv. We also rendered financial sUprt io various (ryanisarions in suptxkrt of tlrir own humaniiarian and charitsble acriviries PbI]e Benefii: The Trustees have cornplied with ihe duty in Seciion 4 of ihe Chariti¢5 Act ?(Nkn and hawe paid due reg)ard to public benefit hen preparing this reFQrt. nefit IVIded to the public is consisieni wilh the aims of the charity in UK. Charitable actii'itits OtheT chariiable activities inclutk spreading the Word ofG(xl among all nations and announcingi the good news of the Kingdom of God io ik poor in spirit. This was done through OUT Spiritual Worships which are open io the general public. revivals. healings and evawtgelism which are condu¢ted to
TRLISTEES, REPORT FOR THE YF..4R ENDED31 DECEMBER 2023 stimiilaie spiriiual aw'arene55 amongy ihe twple. semin5 and symFK)sia which are organised for pPIe lo knLii¥ llndersiand more alTruT ihe Il'ord ofGod Financi#l Source5 The chiirch incLTrme Lom¢s mainl). Irom The Meekl!. iiih¢g and church building fu15. oiher church coniribiilii)ns siich as rhanksgivin. annual Lonference. irdvel and music fund5. The Building Repair Projtcl DLirinby ¢h¢ year under review. the church continued the work on the repir and maini¢nance of ihe chllr¢h building. Siaternent of Board of Trusiees. re5pon5ibililies ThL Board of Triislees are responsible for preringy ihe Annual Report and the financial staiements in accorda¢ lIh applicable lam aThl Uniied Kinbd(Mn Generdll). Accepied A¢ciMLlliing Practice. Chariiy law applicable io chariii¢s in England 'ale5 requires the B(Mrd of Trus¢¢es io prepare Iinancial sthiemen15 for each financial year %i,hiLh &¥ives a tr and fail view of the slate of anairs of Ihe ChariTy and of the surplus or deficil of ihe Charity for T1 period. In weparing ihose financial starem¢nis Ihe &MTd of Tru51ees have.. Selected 5uilable CoUntin¥ wlicies and applied ihem consisiently. Madl jiLdb7menls and esiimaies thai are reasonable and prudeni. Siiiied whether applicable accouminb) sthndards have followed. subjeci io any mterial departures disclosed and explai in ihe financial siaiemenis: and Prepared the financial iaiements on a going concem b&sis (unless it is inappropriate io presume thai ihe Charity will coniinue in operaiionl. The B()ard ofTruslees h&$ overall reswnsibility for eliring Ihai ihe Charity has an appropriate system of nTrol$. financial and heN.1se. are also re5FKJnsible for ke¢pin& prOT accounting records which di%lose Mith Tranable x¢uracy at any lime the financial sItiOn of Ihe Charity and enable (hem lo ensure ihai ihe finarKial slatemenls comply wilh ihe Charities Act 1993. They are also restK>nsible for safeguarding the &5set5 of the Chariiv and hence for thking reasonable steps for the deieLiion and preveniiL)n offrdud and oikr irr¢gulariiies. The Board of Truslees is resw)nsible for MnIene and iniegriiy of ¢iwrKTrfdle and financial infomialion. Legislation in the United Kingdom governing the preparation and dissemination of financial slalements may differ from le¥islation in oiher jurisdiaions. Stsiement of disclosure of infornuiion io indep¢MleNi examiner We. as the Trusiees of the Charity who kld oifice ai the dale of approval of these finaltal SlementS as set oui on page 2 rdch c(fIrM. so far as we are awsre. that.. There is tm) relevani information of which the Charity's indwndent exami[ are unaware; and we hav¢ iaken all ih¢ sier6 thai we ght to have taken as Trustees in order to make ourselwes aware of any relevani infornwiioll and io establish thai ihe ckrity's indepeTKlent exam1rr is a.are of that infomiail(.
TRUSTEES, REPORT FOR THE YE.4R ENDEDJI DECE.NIBER 2023 Independeni Examiner: The Charii}'s independ¢ni examiner. Accounting Assisi Lid - Cio G(Kxl io Give Lid. ha5 indicaied Iheir lIlinrsS lo oiTer 1MselveS for aprK)inimeni. This report w'&$ approi'ed . Ihe Trusltts on and sig on iheir ha]1'by: Sign: D*te: 20. 10.xoz
IYDEPEfDENT EXAMINER'S REPORT FOR THE YE.4R EPiDED31 DECEIMBER 2023 IXDF-PF-NDTr.NT FI.IIIINTr.'R'S REPORT'I'O TIIÈ TRI STEES OF I-FI.F%TI.11. I"III R("II OF ('FIRI%"I J()RTII L()11)()N P.IRI.S11 I report on the finanrial ateMentS of the eharirn for the ifdrended J I tkcember ?0?3 11 hi¢h ¢ompri5e Ihe Siaiemenl of Firtancial .4cii% iiies and BalaDre Sheei iiiih &$sila[e notes. This report IS tnade wleli kn the chariti's Tru5t¢¢k a) a kndi. in accordance ilith 5eciion 145 of (he Chariiies .4ci ?01 l and r¢uulaiioni made und¢r >eciion l i4 of ihai.4cL Ill iiork ha> been undenaken io thai I miLthi siaie io Ihe charity's Trustees those TTrallers l am required 10 sta to Ihtm in an independent eiaminer's reporT and for no oih¢r purpose. To lh¢ fullest eiteni ptrmiikd bi laii. I do noi accepi oi a55ume reswTrsibtliii to akione oiher than Ihe charits and the ¢harilN'5 Tru51ees as a b} for mi eiaminaiion iiorL RF_%PF.1111 F. RE.%P()N%IBlI.ttlF.% OFTRI ST.ES.4ID È.KIIII)ER Th¢ charip's Trusiees are responsible for Ihe preparatton of the finanrial 5tal¢ments. and Ihei consider that an audit 15 nol rtquired for ihis itar under 5eciion 1411_i of the Chariiiei.4ci )01 I Iihe Acii and thai an independent ¢iaminalion is needed. li is MN re5ponsibiliTh io.. Eiamtne the ac¢ountS lunder Seaion 145 of the Chariiies.4¢tl= To folloii the procedures laid dolin in the General Directions giien bi the Charity Commr55ioner5 lund¢r S¢aion 14515M bl ofihe Charilies.4riTr.' and To i%heiher particut8r matT¢f5 hai¢ come io m! allention. Basis of lndependeni Exwminer'5 report M¥ eKamTrn21ion %%a5 carried out in accordance i%iih ihe General Dtreciions giien bi the Chants Commissioners..4n exatninaiion 1cludeS a rei ieii olihe &Tounlin£ records kepi b% Ihe Grouplchariti and a comparison of the accoun15 presented li iih those re¢ords. li also includes considtrdiilxj of ani unusual iiems or disclosures in the accounts and sttking eNplanaiions from as truses ¢opcerning ani such mallers. The procedures undertaken do nol pro% ide all ihe eiidence ihai iiould required in an audii. and consequerttli no iTrpinion i% Bjiin aN ti) lihL[ th¢ awoLUkl> IYeiLYlt a 'tswL' and and iht pOrt 15 limited io those TnatEers sei out in the staietncni 104. Independent Examrver's Statement In ¢onne¢tion iiiih examination. no matter ha5 rome mi attention= I l %ihich oil es me reasonabl¢ rau% 10 belieie ihar in ani material reswT The requirements.. to keep a¢¢ounting r¢cord5 in accordance li ith section 130 of The.4a.' and 10 prepaTe finanrial aatemenis 14hteh accord 11 ith th¢ acrouniing records and compli i%tth the aceounting requir¢mtnts of the Aci hale not beert meT= or 21 10 lihich. in mi opinion. attention should be draiin in or(kr to Uble a proper understanding of the rinancial statements io be reached. Sign¢d= Dated.2211012024 Anum Hassan. FCCA On behallof Accounting Assist Ltd
STATEMENT OF FJNANCJ.4L ACTIVtTIES Ilncorporaling income and erptnditure #ccouNI) FOR THE YEAR EINDED31 DECEMBER 2023 I"nre5trirted Re51ricied Total Fuad5 Total Funds 2023 2023 2023 2022 Oit5 IncoEing resour¢ts General offering5 48290 Gift Aid J4.189 14.189 8.242 Other In¢otn¢ 18.149 18.149 23 Tot41 Incoming re5our¢e5 80h28 50.628 64.926 Rtsourtes riptded Direci charitable eKp¢ndiiure 84269 84269 67.400 Goi¢rnance co5 1.200 Totil Rtsourtes exptnded 101 emenr in ioral fund for th¢ ear- Nei income. l¢Kp¢ndilurel FOT ihe ! ear 4247 4247 -3,674 Fund balance brought fornard 46J36 46J36 41JOO Prior Year Adjustment &710 Fund b21an¢e ¢arried foniard J8.089 J8.(189 46J36
BALANCE SHEET AS AT 31 DECEMBER 2023 2023 2023 2022 2022 otes Cash ai bank 39.164 48.166 C'Rfr'DITOR%: anK)un falling JUL Miihin line 2J30 ETC'I RRF.%T.ISSET5 38.089 46J36 J&089 46J36 ('II.IRI-ri- Fl NDS 38.089 46J36 RLSlriil<d Funds TOT.11. FI NDS 38.089 46JJ6 The financial eMentS were approved b). the TnleeS on and signed on iheir t*hall'. by- Sign:. Date: 2D IQ The notes on pages 9 to I I fomi part of these financial stements
NOTES TO THE FlIlA,ICIAL STATEMEINT FOR THE YF.AR EPDED31 DECEMBER 2023 I. ACCOUFTING POLICIE5 Ba515 ofprep#rniion of finaDcial 5ts¢ements The financial siaiemems hal'e been pretAred urder The hIOrical C1 convention. with ihe excepti of invesiments iTrhich are in¢luded at markei value. and IT) accordanLe M ith the Financial Re1& Siandard fi)r Smaller Enti(i¢s leff¢ctii'e April ?tM)81. The financial siaiemen15 hale been pre[ed in accordance m.ith the Sthiement of R¢ci)tllmeiided Praciice ISORPI.'Accouniingi and Rep)nino b) Charities. published in March ?005 and applicable accouniing Sthndards. Fund ac¢ounling Genernl fvwKls are unresiricted h]Ch are available for use the discretion of ihe Trusl¢es ill funherdnce of the generdl obje¢tive5 of the chariry and which have noi been designated for her purp)ses. Resiricied fund5 are funds Mhich are to used in accordance 1th sttcific ttstrictions imwsed b donoT5 or w'hich have Fen rdised bj rhe chariiy for particular purp)ses. The cosis of rdising aThl alminiSTering such ndS are charged a?ainsi ihe specific fvnd. The aim and use of eh restricted are set oui in ihe Thmes to the finCl siatetnents. IJ Incoming re5ourfes All incoming UrceS are included in the Siaremeni offinancial acliviiies when the chariiv ha5 entitlemeni io fund5. certainty of receipi and anM)uni can k ffjeasured with sufftcienl reliability. tbnated services or fxilities. Mthich comprise donated services. are included in income at a valualion which is an esttmale of financial c05t iK)rne bj donor where swh a cosi is quantifiable and MSUrable. No income is recogni5ed 'here lhe 1% no financial cost 1x}r by a third party. Income tax recoverable in relation io donati(S received uThler Gift Aid or deeds of covenant is recoenised at time ofthe donation. Resources expended ExpendFlure is accounied for on an accwals b&sis and has been included under expense aiegories iliai areTate all co$ for l(ation io aciiNiiies. Whcre cos15 cannot be directly attributed io particular aaiviiies. Ikv have allLKaied on a basis consisient with the use of resowces. FuJKiraising costs are ihose incurred in seeking volunlar), coniribuiions and do Trot include Ihe ¢05ts of disseminating information in suptxirt of the charithble xtivitie5. SupFK)rt Costs are ihose cosis incurred dirfftly in supw1 of eXndItUre on Ihe objecis of the charity and include proj¢cl Jnanagemeni carried out ar Headquarters. Governance costs are those iUrred in ¢onnection wilh administration of ihe chariiy and compliarKe with conslitutional ar¥J siaiuiory requirenwnis.
NOTES TO THE FI)1 ANCIAL STATEIMEIYT (Coniiiitsed) FOR THE YEAR E%DED31 DECEMBER 20?3 Grants lable dr¢ chaed in ihe l'ear i%hen ihe off¢r 15 made e.xcew in ihose c&%es where the otTeT Is conditional. such grants beine recounised 35 t.KrK[1tUre Mhen ihe condili()ns allh1n are fullillcd. GrdnTS offered subjeci to ¢ondiliolls 'hICh have noi been mcl at the 'earend are noied as a commilmellL bui noi &crned as cxpewmiiture. Dtpretiatio tkpreciation is calctslaied rates esiimaied io wrilc olTthe cosi of all thn¥ible fixed asseis ow¢r ih¢iT eACted u5etrul liv¢s- Durino Ihe v¢ar under review.. the church decided io continue to separate lis equipment from its fumiiure fixTures ar¥J fittinoL A depreciation rdie of 1/• wa5 applied on each ¢aiegory on a rediieing balance basis. el Fund structu Th¢ principal aLcouniing w>licies are sd 11 below. The accouniing wlicies have Ettn adopted consistenili. rhroughoul the lear. The funds held by charity are eiikn: Dnr¥iiriL'l¥JKL'wrul}iin<ts - these are funds ii.hich can be used in accordance with the charitable objecis at ihe discretion of the iruste¢s. Desi,gvoiddliiii(1.s - these are funds eamiarked by ihe trusTees our of untestri¢t¢d general funds for Sp ific fuiure purpose5 or projecis. R¢.stri¢'leJ}iinds'_ rhese are funds that can onlv be used for TtiCU1#r restricted purSe$ 'iihin ihe objects of ihe charitv. Restrictions arise slfIed bl. the dOr or ,hen firnds are rdised for particular remiicred purp)se5. Endoii'meniJÉinds - these are funds ihai represent assets which MIL be held permanen(ly by the charity. Income arising the endom'ment fun iy used in accordance with ¢he objects of the chariry. and is included in unresiricied income. An!. capitsl gains or losses arising on the investrn¢nts fomi pan ofihe fund. Investmenr mana?emeni charges alld legal advice relating lo ihe fund are charged against the fvnd. Q VAT The charitv is registered for VAT and accordin¥ly ¢xpendilwe includes VAT w.here approwiaie. 2. Income resources Income comprises of donations and iii 3. Empkbi'ee lDformatio None of the trustees received any remuneration or reimburs¢meni of expenses during the year. The Vicar continued to receive his USU remuMI0n. 101 Page
NOTES TO THE FINANCIAL STATEMEf*T(Conliiiued) FOR THE YE.4R ENDED31 DECF.TrIBER 2023 4. Trustee Eipenses There w'ere Trustee e.xpenses paid dunno ihe vear eThJed J I tkrember ?0?? and i I tk¢¢mber ?0? 5. Taxation The Chariii Is exdnpt from cortK)rdiion i&x its charikble aaiviiies. 6. Debtor5 2023 2022 PTepaTrinents and loans (A Idow'u) 5J60 500 7. Creditor5: Amount FalliDg due withitt ODe Tr'¢ar 2023 2022 Aecrua 6.436 2J30 111 Page