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
page 1
## **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|
page 2
**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.
- 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.
- 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.
page 3
**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.
page 4
**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
page 5
**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.
page 6
**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
page 7
**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
page 8
## **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
page 9
**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.
page 10
**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||
page 11
**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**|
|**£**|**£**|**£**|**£**|**£**|
page 12
## **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_|
page 13
**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_|
page 14