CELESTIAL CHURCH OF CHRIST HOUSE OF PRAYER PARISH GLASGOW
FINANCIAL STATEMENT FOR THE YEAR ENDED 30 JUNE 2024
EMMANUEL STEPHENS & CO. CHARTERED ACCOUNTANTS, BUSINESS ADVISERS & CONSULTANTS 62 BEECHWOOD ROAD, LONDON 8 3DY
CELESTIAL CHURCH OF CHRIST HOUSE OF PRAYERS PARISH GLASGOW FINANCIAL STATEMENT FOR THE YEAR ENDED 30 JUNE 2024
CHARITY NO SC050230
CELESTIAL CHURCH OF CHRIST HOUSE OF PRAYERS PARISH GLASGOW FINANCIAL STATEMENT FOR THE YEAR ENDED 30 JUNE 2024
Reports and Accounts
CONTENTS
| Charity Information | 1 |
|---|---|
| Trustees Report | 2 |
| Accountant's Report | 3 |
| Statement of Financial Activities | 4 |
| Balance Sheet | 5 |
| Notes to Accounts | 6 - 7 |
CELESTIAL CHURCH OF CHRIST HOUSE OF PRAYERS PARISH GLASGOW FINANCIAL STATEMENT FOR THE YEAR ENDED 30 JUNE 2024
Charity Information
THE MANAGEMENT COMMITTEE:
BANKERS
Clydesdale Bank 47 Main Street Baillieston Glasgow G69 6SQ
3
ACCOUNTANTS
EMMANUEL STEPHENS & CO. 62 BEECHWOOD ROAD LONDON E8 3DY
Page 1
CELESTIAL CHURCH OF CHRIST HOUSE OF PRAYERS PARISH GLASGOW FINANCIAL STATEMENT FOR THE YEAR ENDED 30 JUNE 2024
The Trustees present their report and the financial statements for the year ended 30th June 2024
Activities in the year
We continue to promote the gospel of God and to spread the good news to all. The aparatus used for this purpose includes regular fellowship, ministering the word, trainig of disciples, organising conferences and retreat.
Trustees
The church is managed by a Board of Trustees appointed annually at the Annual General Meeting. The day to day operations of the charity is run by the Chief Executive who is supported by one Administrator. The Trustees who served during the year are:
Prospects
We are still searching for a new permanent premises that is affordable and suitable for the parish. This is affecting the extent to which we can achieve our objectives.
Finances
The attached financial statement show the current state of affairs which the Trustees consider to be melting point for future progress.
This report was approved by the Board on and signed on its behalf by:
TRUSTEE
Page 2
CELESTIAL CHURCH OF CHRIST HOUSE OF PRAYERS PARISH GLASGOW ACCOUNTANT'S REPORT TO THE TRUSTEES OF
CELESTIAL CHURCH OF CHRIST HOUSE OF PRAYER PARISH GLASGOW
We hereby report on the financial statements of the church for the year ended 30 June2024 which are set out on pages 10 to 13. This report is made solely to the Church Trustees as a body, in accordance with Srction 43 of the Charites Act 1993 and regulations made under section 44 of that Act.
Our work has been undertaken so that we might state to the church's Trustees those matters we are required to state to them in the Accountant's report and for no other purpose. To the fullest extent permitted by the law, we do not accept or assume responsibility to anyone other than the Church and the Church's Trustees as a body, for our work, for this report or for this report, or for the opinion we have formed.
RESPECTIVE RESPONSIBILITIES OF THE TRUSTEES AND EXAMINER
As the Charity's Trustees, you are responsible for the preparation of the financial statement: you consider that the audit requirement of section 43(2) of the Charities Act 1993 ("the Act") does not apply and that the Accountants's report is adequate.
It is my responsibility to:
. Examine the financial Statements under section43(2) the 2011 Act;
- . to follow the procedure s laid down in the general Directions given by the Charity Commission under section 145(5) of the 2011 Act;
. to state whether particulat matters have come to my attention.
BASIS OF INDEPENDENT EXAMINER'S REPORT
My examination was carried out in accordance with the General Directions given by the Charity Commissioners. 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.
INDEPENDENT EXAMINER'S STATEMENT
In connection with my examination, no matter has come to my attention:
-
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 2011 Act, and
-
to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011 Act.
have not been met: or
- to which, in my opinion, attention be drawn to enable a proper understanding of the accounts to be reached.
Emmanuel Stephens & Co.
Chartered Accountants, Business Advisers & Consultants 62 Beechwood Road London E8 3DY
Page 3
CELESTIAL CHURCH OF CHRIST HOUSE OF PRAYERS PARISH GLASGOW
Statement of incoming resourcess for the year ended 30 June 2024
| Notes Incoming resources Expenditure Excess/(Deficit) Excess/(Deficit) Excess/(Deficit) beforebn other charges Charges on Excess incoming resources Excess/(Deficit) for the year Ecess/(Deficit b/f Claim(Gift Aid) Excess/(Deficit) carried forward |
£ £ 56,671 - 88,813 -32,142 -32,142 -32,142 72,536 82,759 123,152 2024 |
£ £ 56,671 - 88,813 -32,142 -32,142 -32,142 72,536 82,759 123,152 2024 |
£ £ 35,760 - 31,910 3,850 3,850 - 3,850 18,315 68,540 90,705 2023 |
£ £ 35,760 - 31,910 3,850 3,850 - 3,850 18,315 68,540 90,705 2023 |
|---|---|---|---|---|
| 123,152 | 90,705 |
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CELESTIAL CHURCH OF CHRIST HOUSE OF PRAYERS PARISH GLASGOW
Balance sheet at 30 June 2024
| Notes FIXED ASSETS Tangible Fixed Assets 8 CURRENT ASSETS Debtors and Prepayment Cash in Hand/ Bank CURRENT LIABILITIES Amount falling due within a year 5 NET CURRENT ASSETS NET ASSETS ACCUMULATED FUNDS Unrestricted 6 |
£ £ £ £ 4,877 10,032 4,877 10,032 56,971 54,170 62,054 18,420 119,025 72,590 750 3,995 118,275 68,595 123,152 78,627 123,152 18,202 123,152 18,202 2024 2023 |
£ £ £ £ 4,877 10,032 4,877 10,032 56,971 54,170 62,054 18,420 119,025 72,590 750 3,995 118,275 68,595 123,152 78,627 123,152 18,202 123,152 18,202 2024 2023 |
|---|---|---|
| 10,032 68,595 |
||
| 119,025 750 |
||
| 78,627 | ||
| 18,202 | ||
| 18,202 |
Approved by the Trustees and Signed on their behalf:
Page 5
35,760
CELESTIAL CHURCH OF CHRIST HOUSE OF PRAYERS PARISH GLASGOW
Notes to the Accounts
Donations
56,671
| Excess/(Deficit) Rent Payable & Rates Light & Heat Printing Postage & Stationery Travel Harvest Expenses Evangelism Church Expenses Insurance Pastoral Dues Choir Expenses Zoom US Legal and Propfessional fees Repairs & Maintenance Church Materials Telephone Donations Professional fees Accountancy Depreciation of Fixtures & Equipment Other Expenditure Bank Charges Operating Surplus/(Deficit) Other Income & Expenses Bank Deposit Interest Net Surplus/(Deficit) for the Year Accumulated Fund b/fwd Gift aid Accumulated Fund c/fwd |
57,742 2,860 - 2,843 - - 8,018 12,740 855 - 169 - - - 1,750 - - 750 439 |
20,150 - 4,675 1,180 - - 3,135 - - - - - - - 1,210 - 500 750 185 88,166 647 (32,142) 0 (32,142) 72,535 82,759 123,152 |
20,150 - 4,675 1,180 - - 3,135 - - - - - - - 1,210 - 500 750 185 |
31,785 125 |
|---|---|---|---|---|
| 31,910 0 |
||||
| 3,850 14,025 54,660 |
||||
| 72,535 |
All disclosures relate to the continuing operations. There are no recognised gains or losses other than those disclosed above.
CELESTIAL CHURCH OF CHRIST HOUSE OF PRAYERS PARISH GLASGOW
Notes to the financial statements for the period ended 30 June 2024
ACCOUNTING POLICIES
The accounts have been prepared in compliance with the statement of Recommended Practice (SORP): Accounting for Charities.
1. GRANTS, DONATIONS ETC
These are recognised in full in the Statement of Financial Activities in the period in which they are received.
| 2.OPERATING SURPLUS/(DEFICIT) | 2024 | 2023 |
|---|---|---|
| £ | £ | |
| Operating deficit is after charging: | ||
| Depreciation written off on tangible fixed assets | 439 | 150 |
4.DEPRECIATION
This has been provided at the following rates in order to write off the assets over their estimated useful lives
| Musical Instruments | 25% on reducing balance basis | ||
|---|---|---|---|
| Furniture & Fittings | 25% on reducing balance basis | ||
| 2024 | 2023 | ||
| 5. LIABILITIES | £ | £ | |
| Accountancy fees | 750 | 456 | |
| Loan Account | - | - | |
| Others | - | - | |
| 750 | 456 |
6. UNRESTRICTED FUNDS
These are grants and donations received or receivable for the objects of the charity without restrictions as to purpose but are available as general funds.
7. RESTRICTED FUNDS
Restricted funds are used for the purpose as specified by the donor. Expenditure that meets these criteria is identified to the fund.
Page 6
8. FIXED ASSETS
| 8. FIXED ASSETS | |
|---|---|
| Cost At 1 July 2023 Additions At 30 June 2024 Depreciation At 1 July 2023 Charged in the year At 30 June 2024 Net Book Values At 30 June 2024 At 30 June 2023 |
Furniture & Fittings Musical Instrument s Total £ £ £ 4,320 24,812 29,132 912 1,926 2,838 |
| 5,232 26,738 31,970 |
|
| 1,080 18,020 18,020 1,308 6,685 7,993 |
|
| 2,388 24,705 26,013 |
|
| 2,844 2,033 4,877 |
|
| 3,240 6,792 10,032 |
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