## **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: 1. 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 2. 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| Page 4 ## **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| Page 7