Charity number: 803740
Celestial Church of Christ
Edward Street Parish
FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31/12/2025
Celestial Church of Christ Edward Street
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31/12/2025
TRUSTEES
D. Ojogbede J. Iroro
C. Omoruan
O. Oni
E. Odubanjo
A. Ajibuwa
A. Alabede
A. Osabiya
O. Elegbe
CHARITY NUMBER 803740
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Celestial Church of Christ Edward Street
ACCOUNTS
FOR THE YEAR ENDED 31/12/2025
CONTENTS
| Page | |
|---|---|
| Report of the Trustees | 3 |
| Independent Examiner's Statement | 6 |
| Statement of Financial Activities | 8 |
| Balance Sheet | 9 |
| Notes to the Accounts | 10 |
| Detailed Statement of Financial Activities | 13 |
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Celestial Church of Christ Edward Street
FOR THE YEAR ENDED 31/12/2025
TRUSTEES' REPORT
The trustees present their report and accounts for the year ended 31/12/2025
STRUCTURE GOVERNANCE AND MANAGEMENT
OBJECTIVES AND ACTIVITIES
Objectives and aims
The Church was established for charitable purposes, its object being to advance religion in accordance with the Christian faith and for other purposes recognised by English law as charitable.
The Church advances the Christian faith by the: -
-
The provision of a place of worship for members and the community.
-
The provision of devotional services of Christian faith every Sunday, Friday, and Wednesday and also on the first Thursday of each month. The services feature sermons, music, and thanksgiving.
-
The provision of a Sunday School for Children up to 17 years old.
-
The Provision of a Bible Class and Bible study on Tuesdays.
-
The Provision of night vigil prayer sessions for the members twice weekly.
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Engaging in fundraising events from time to time within the community, particularly at annual harvest thanksgiving services, which take place every 1st Sunday in June and September of each year.
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Support the community on local initiatives for children and the elderly, crime prevention, and people in need.
Public benefit
The trustees confirm their compliance with their duty to have due regard to the public benefit guidance published by the Charity Commission when reviewing the Charity's aims and objectives and in planning future activities. As a matter of policy, the charity opens its doors to the public on all days of worship and activity.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
During the year, the church continued to function to the satisfaction of the trustees.
As of the date of this report, all Church services were held at the St Marks Centre. Weekly night vigils and monthly revivals continued to feature prominently in the church's calendar.
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Celestial Church of Christ Edward Street
FOR THE YEAR ENDED 31/12/2025
TRUSTEES' REPORT
The church held its annual Thanksgiving harvest for both children and adults during the summer of 2025. Mothers' Day and Father's Day celebrations were also observed at the church during the year.
The church held special programmes during the Christmas season where gifts were distributed to the homeless and the needy, in the neighbourhood of the church.
The church took seriously its social responsibility and made charitable donations to some charitable organisations, including the Macmillan Cancer Research, Girl Child, Great Ormond Street Hospital, and the Sickle Cell Charity.
The trustees wish to acknowledge the contribution of volunteers who have contributed to the running of the church
FINANCIAL REVIEW
Financial position
Donations and church collections continue to recover well during the year.
The trustees are determined to keep within budget and will continue to examine ways to increase income as well as savings in costs.
Reserves policy
The Trustees are always working toward maintaining a minimum reserve of £150,000 which will be the amount that will keep the charity working for twelve months without any income.
Fundraising activities
Several fundraising activities took place during the year. This resulted in free-will offerings being received to the satisfaction of the trustees.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
A review of the potential risks that are faced by the charity has been undertaken. These are seen to be in the area of financial controls. Appropriate and reasonable systems are in place to cover foreseeable eventualities. Further reviews will be undertaken from time to time.
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Celestial Church of Christ Edward Street
FOR THE YEAR ENDED 31/12/2025 TRUSTEES' REPORT
This report was approved by the Board of Trustees on 11/05/2026.
D. Ojogbede Trustee
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Celestial Church of Christ Edward Street
INDEPENDENT EXAMINER'S STATEMENT
FOR THE YEAR ENDED 31/12/2025
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF CELESTIAL CHURCH OF CHRISTEDWARD STREET PARISH
I report on the accounts of the company for the year ended 31/12/2025 .
RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER
The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The charity's gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of .
Having satisfied myself that the charity is not subject to an audit under company law and is eligible for independent examination, it is my responsibility to:
-
examine the accounts under section 145 of the 2011 Act;
-
follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
-
state whether particular matters have come to my attention.
BASIS OF INDEPENDENT EXAMINERS STATEMENT
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the 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 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.
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Celestial Church of Christ Edward Street
INDEPENDENT EXAMINER'S STATEMENT
FOR THE YEAR ENDED 31/12/2025
INDEPENDENT EXAMINERS STATEMENT
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements:
-
to keep accounting records in accordance with section 386 of the Companies Act 2006; and
-
to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities
have not been met; or
(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached
...................................................
Date:11/05/2026
E H TURKSON ACMA
HESSE ARMAH ACCOUNTANTS
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Celestial Church of Christ Edward Street
Statement of Financial Activities for the year ended 31/12/2025
| Income Income from generated funds Income from Investments Income from charitable activities Total Income and endowments Expenses Costs of generating funds Expenditure on Raised funds Expenditure on Charitable activities Total Expenses Net gains on investments Net Income Gains/(losses) on revaluation of fixed assests Net movement in funds: Net income for the year Total funds brought forward Net funds carried forward |
Unrestricted funds £ 28,658 157,566 186,224 71,339 188,090 259,429 (73,205) (73,205) 1,581,243 1,508,038 |
Restricted funds £ - - - - - - - - - - |
2025 Total £ 28,658 157,566 186,224 71,339 188,090 259,429 (73,205) (73,205) 1,581,243 1,508,038 |
2024 Total £ 53,005 135,517 |
|---|---|---|---|---|
| 188,522 | ||||
| 14,230 202,074 |
||||
| 216,304 | ||||
| (27,782) | ||||
| (27,782) 1,609,024 |
||||
| 1,581,242 |
This statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities
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Celestial Church of Christ Edward Street
| BALANCE SHEET AT 31/12/2025 Notes FIXED ASSETS Tangible assets 3 CURRENT ASSETS Cash at bank and in hand 282,325 282,325 CREDITORS: Amounts falling due within one year 4 1,350 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CAPITAL AND RESERVES Unrestricted funds 6 General fund |
2025 £ 1,227,063 280,975 1,508,038 1,508,038 1,508,038 |
341,764 341,764 1,350 |
2024 £ 1,240,828 340,414 |
|---|---|---|---|
| 1,581,242 | |||
| 1,581,242 | |||
| 1,581,242 |
Approved by the board of trustees on and signed on their behalf by
............................. D. Ojogbede Trustee 11/05/2026
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Celestial Church of Christ Edward Street
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31/12/2025
1. ACCOUNTING POLICIES
1a. Basis Of Accounting
The accounts have been prepared under the historical cost convention.
The accounts have been prepared in accordance with FRS102 - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
1b. Incoming Resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
1c. Resources Expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
1d. Allocation And Apportionment Of Costs
All costs relate to the single activity of the charitable company and are recognised accordingly.
1e. Fund Accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Designated funds are funds set aside by the trustees out of unrestricted general funds for the specific future purposes or projects.
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Celestial Church of Christ Edward Street
1f. Depreciation
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.
Plant and Machinery Fixtures and Fittings
reducing balance 20% reducing balance 20%
1g. Turnover
Turnover represents the invoiced value of goods and services supplied by the company, net of value added tax and trade discounts.
2. EMPLOYEES
Average number of employees
| 2025 | 2024 |
|---|---|
| No. | No. |
| 1 | 1 |
3. TANGIBLE FIXED ASSETS
| 3. TANGIBLE FIXED ASSETS | |||||
|---|---|---|---|---|---|
| Cost At 01/01/2025 At 31/12/2025 Depreciation At 01/01/2025 For the year At 31/12/2025 Net Book Amounts At 31/12/2025 At 31/12/2024 |
And Buildings Land £ 1,220,000 1,220,000 48,000 - 48,000 1,172,000 1,172,000 |
Machinery Plant and £ 99,418 99,418 56,076 8,668 64,744 34,674 43,342 |
Fixtures and Fittings £ 60,328 60,328 34,842 5,097 39,939 20,389 25,486 |
Total £ 1,379,746 1,379,746 |
Total £ 1,379,746 |
| 138,918 13,765 |
|||||
| 152,683 | |||||
| 1,227,063 | |||||
| 1,240,828 |
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Celestial Church of Christ Edward Street
4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other creditors
| 2025 £ 1,350 1,350 |
2024 £ 1,350 |
|---|---|
| 1,350 |
5. LIMITED BY GUARANTEE
The company is limited by guarantee and does not have a share capital. Each member gives a guarantee to contribute a sum not exceeding £, to the company should it be wound up. At 31/12/2025 there were members.
6. UNRESTRICTED FUNDS
| General fund | Brought forward £ 1,581,243 1,581,243 |
Incoming resources £ 186,224 186,224 |
Outgoing resources £ (259,429) (259,429) |
Transfers £ - - |
Carried forward £ 1,508,038 |
|---|---|---|---|---|---|
| 1,508,038 |
7. RESTRICTED FUNDS
| Brought forward |
Incoming resources |
Outgoing resources |
Transfers | Carried |
|---|---|---|---|---|
| forward | ||||
| £ | £ | £ | £ | £ |
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Celestial Church of Christ Edward Street
Incoming Resources for the year ended 31/12/2025
| Incoming resources Incoming resources from generated funds Investment income Rent Received Charitable Activity Donations and Collections |
28,658 157,566 |
2025 £ 28,658 28,658 157,566 157,566 186,224 |
53,005 135,517 |
2024 £ 53,005 |
|---|---|---|---|---|
| 53,005 | ||||
| 135,517 | ||||
| 135,517 | ||||
| 188,522 |
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Celestial Church of Christ Edward Street
Expenses
for the year ended 31/12/2025
| Expenses Costs of generating funds Investment Management Costs Investment Expenses-Letting Agent Investments Expenses-Repairs Investment Expenses-Insurance Charitable Activities Salaries and Wages Rates and Water Light and Heat Welfare Gifts and Donations Security and Maintenance Cleaning and Hygiene Choir Expenses Spiritual Items Functions and Events Sunday School Telephone Printing and Stationery Pastoral Fund Repairs and renewals Accountancy fees Insurance Bank charges Depreciation of plant and machinery Depreciation of fixtures and fittings |
2025 £ 2,850 58,130 10,359 71,339 71,339 13,300 3,589 20,007 11,876 2,950 3,186 1,200 18,670 18,471 49,699 - 2,210 450 2,900 12,871 1,350 7,862 3,733 8,669 5,097 188,090 259,429 |
2024 £ 3,345 7,485 3,400 |
|---|---|---|
| 14,230 | ||
| 14,230 | ||
| 8,900 24,809 18,961 9,015 2,900 1,829 2,506 14,680 7,058 22,782 1,500 1,770 475 2,600 50,460 1,350 11,034 2,237 10,836 6,372 |
||
| 202,074 | ||
| 216,304 |
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