Charity registration number: 1033072
**THE HOLY ORDER OF THE CHERUBIM AND SERAPHIM CHURCH MOVEMENT (IFEOLUWA) UK TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2022**
Elliot Akins & Co Chartered Certified Accountants 1st Floor, Cavendish House, 369 Burnt Oak Broadway Edgware HA8 5AW
**THE HOLY ORDER OF THE CHERUBIM AND SERAPHIM CHURCH MOVEMENT (IFE-OLUWA) UK Contents**
||**Page**|
|---|---|
|Trustees' Report|1—2|
|Independent Examiner's Report|3|
|Statement of Financial Activities|4|
|Statement of Financial Position|5|
|Notes to the Financial Statements|6—10|
**THE HOLY ORDER OF THE CHERUBIM AND SERAPHIM CHURCH MOVEMENT (IFE-OLUWA) UK Trustees' Report For The Year Ended 31 December 2022**
The trustees present their report and the financial statements for the year ended 31 December 2022.
## **Objectives and Activities**
## **Aims and Objectives**
To advance the Christian faith in accordance with statements of beliefs in London and such other parts of the United Kingdom or the world as Trustees may from time to time think fit and to fulfil such other purposes which are exclusively charitable according to the law of England and Wales and are connected with charitable work of the trust.
To relive persons who are in conditions of need or hardship or who are aged or sick and to relieve the distress caused thereby in the said location and in such other parts of the United Kingdom or the world as the Trustees may from time to time think fit.
## **Public Benefit**
Our church continues to strengthen its engagement with local communities to support those in need.
The trustees confirm that they have complied with the requirements of Section 17 of the Charities Act 2011 to have due regard to the Charity Commission’s guidance on public benefit.
## **Reference and Administrative Details**
## **Trustees**
Omameri Otomewo Oludotun Badero Alex Abiola Ogunfadebo Rev Olorunfemi Abayomi Moses
## **Charity Number**
1033072
## **Principal Address**
1 Ritter Street London SE18 4DT
## **Independent Examiner**
Elliot Akinjirin Elliot Akins & Co Chartered Certified Accountants 1st Floor, Cavendish House, 369 Burnt Oak Broadway Edgware HA8 5AW
Page 1
**THE HOLY ORDER OF THE CHERUBIM AND SERAPHIM CHURCH MOVEMENT (IFE-OLUWA) UK Trustees' Report (continued) For The Year Ended 31 December 2022**
The trustees' report was approved by the board of trustees and signed on its behalf by:
Rev Olorunfemi Abayomi Moses
Trustee 20th October 2025
Page 2
**THE HOLY ORDER OF THE CHERUBIM AND SERAPHIM CHURCH MOVEMENT (IFE-OLUWA) UK Independent Examiner's Report to the Trustees of THE HOLY ORDER OF THE CHERUBIM AND SERAPHIM CHURCH MOVEMENT (IFE-OLUWA) UK For The Year Ended 31 December 2022**
I report to the trustees on my examination of the accounts of THE HOLY ORDER OF THE CHERUBIM AND SERAPHIM CHURCH MOVEMENT (IFE-OLUWA) UK (the Trust) for the year ended 31 December 2022.
## **Responsibilities and Basis of Report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent Examiner's Statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and contents of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Elliot Akinjirin 21st October 2025 Elliot Akins & Co Chartered Certified Accountants 1st Floor, Cavendish House, 369 Burnt Oak Broadway Edgware HA8 5AW
Page 3
## **THE HOLY ORDER OF THE CHERUBIM AND SERAPHIM CHURCH MOVEMENT (IFE-OLUWA) UK Statement of Financial Activities For The Year Ended 31 December 2022**
|**Notes**
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
**3**
Investments
**4**
**EXPENDITURE ON:**
Charitable activities:
**7**
Religious activity
**NET EXPENDITURE**
**NET MOVEMENT IN FUNDS**
**RECONCILIATION OF FUNDS:**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
**14**|**2022**
**Unrestricted**
**funds**
**£**
72,104
15|**2021**
**Unrestricted**
**funds**
**£**
103,982
2|
|---|---|---|
||72,119|103,984|
||(72,338)|(114,472)|
||(219)|(10,488)|
||(219)
40,114|(10,488)
50,602|
||39,895|40,114|
The notes on pages 6 to 10 form part of these financial statements.
Page 4
## **THE HOLY ORDER OF THE CHERUBIM AND SERAPHIM CHURCH MOVEMENT (IFE-OLUWA) UK Statement of Financial Position As At 31 December 2022**
|**Notes**
**FIXED ASSETS**
Tangible Assets
**11**
**CURRENT ASSETS**
Debtors
**12**
Cash at bank and in hand
**Creditors: Amounts Falling Due Within One Year**
**13**
**NET CURRENT ASSETS (LIABILITIES)**
**TOTAL ASSETS LESS CURRENT LIABILITIES**
**NET ASSETS**
**FUNDS OF THE CHARITY**
Unrestricted Funds
**TOTAL FUNDS**
**14**
On behalf of the board|**2022**
**Unrestricted**
**funds**
**£**
21,931|**2021**
**Total**
**funds**
**£**
30,337|
|---|---|---|
||21,931
-
45,934|30,337
637
34,803|
||45,934
(27,970)|35,440
(25,663)|
||17,964|9,777|
||39,895|40,114|
||39,895|40,114|
||39,895|40,114|
||39,895|40,114|
||||
Rev Olorunfemi Abayomi Moses
Trustee 20th October 2025
The notes on pages 6 to 10 form part of these financial statements.
Page 5
**THE HOLY ORDER OF THE CHERUBIM AND SERAPHIM CHURCH MOVEMENT (IFE-OLUWA) UK Notes to the Financial Statements For The Year Ended 31 December 2022**
## 1. **General Information**
THE HOLY ORDER OF THE CHERUBIM AND SERAPHIM CHURCH MOVEMENT (IFE-OLUWA) UK is an unincorporated charity registered with the Charity Commission, registered charity number 1033072. The principal address is 1 Ritter Street , London, SE18 4DT.
## 2. **Accounting Policies**
## 2.1. **Basis of Preparation of Financial Statements**
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) "Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)", Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Charities Act 2011.
The charity is a Public Benefit Entity as defined by FRS 102.
## 2.2. **Incoming Resources**
Incoming resources are mailnly from Interest from bank deposits and tithes and offerings.
## 2.3. **Tangible Fixed Assets and Depreciation**
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
|Leasehold|25%|
|---|---|
|Fixtures & Fittings|25%|
## 2.4. **Cash and Cash Equivalents**
Cash and cash equivalents are basic financial assets and include cash in hand and deposits held at call with banks, other short-term highly liquid investments that mature in no more than three months from the date of acquisition and are readily convertible to a known amount of cash with insignificant risk of change in value, and bank overdrafts.
## 3. **Income from Donations and Legacies**
|Donations and gifts
Gift aid
Grants|**2022**
**Unrestricted**
**funds**
**£**
60,357
11,747
-|**2021**
**Unrestricted**
**funds**
**£**
93,820
-
10,162|
|---|---|---|
||72,104|103,982|
4. **Investment Income**
Page 6
## **THE HOLY ORDER OF THE CHERUBIM AND SERAPHIM CHURCH MOVEMENT (IFE-OLUWA) UK Notes to the Financial Statements (continued) For The Year Ended 31 December 2022**
|Bank interest receivable
5.
**Other Income**
6.
**Net Income/(Expenditure)**|**2022**
**Unrestricted**
**funds**
**£**
15|**2021**
**Unrestricted**
**funds**
**£**
2|
|---|---|---|
||||
The net expenditure is stated after charging/(crediting):
|Depreciation of tangible fixed assets - owned
7.
**Analysis of Expenditure**
Religious activity
Religious activity|**2022**
**£**
8,406|**2021**
**£**
9,005|
|---|---|---|
|||**2022**
**Support costs**
(see note 8)
**£**
72,338|
|||**2021**
**Support costs**
(see note 8)
**£**
114,472|
Page 7
## **THE HOLY ORDER OF THE CHERUBIM AND SERAPHIM CHURCH MOVEMENT (IFE-OLUWA) UK Notes to the Financial Statements (continued) For The Year Ended 31 December 2022**
## 8. **Support Costs**
|Employee costs
Premises expenses
General administration
Depreciation
Employee costs
Premises expenses
General administration
Depreciation
9.
**Staff Costs**
Staff costs were as follows:
Wages and salaries
Social security costs|**2022**
**£**
19,070
1,481
20,551|**2022**
**Religious**
**activity**
**£**
22,075
17,970
23,887
8,406|
|---|---|---|
|||72,338|
|||**2021**
**Religious**
**activity**
**£**
23,584
55,911
25,972
9,005|
|||114,472|
|||**2021**
**£**
19,380
1,456|
|||20,836|
No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000.
10. **Average Number of Employees**
1Average number of employees during the year was: 1 (2021: )
Page 8
**THE HOLY ORDER OF THE CHERUBIM AND SERAPHIM CHURCH MOVEMENT (IFE-OLUWA) UK Notes to the Financial Statements (continued) For The Year Ended 31 December 2022**
## 11. **Tangible Assets**
|**Cost**
As at 1 January 2022
As at 31 December 2022
**Depreciation**
As at 1 January 2022
Provided during the period
As at 31 December 2022
**Net Book Value**
As at 31 December 2022
As at 1 January 2022
12.
**Debtors**
**Due within one year**
Other debtors
13.
**Creditors: Amounts Falling Due Within One Year**
Taxation and social security
Accruals and deferred income
14.
**Movement in Funds**
**Unrestricted funds**
General:
General unrestricted fund
**Total funds**|**As at 1**
**January 2022**
**£**
40,114|**Land &**
**Property**
**Leasehold**
**£**
42,810|**Land &**
**Property**
**Leasehold**
**£**
42,810|**Fixtures &**
**Fittings**
**£**
49,691|**Total**
**£**
92,501|
|---|---|---|---|---|---|
|||42,810||49,691|92,501|
|||21,782
7,010||40,382
1,396|62,164
8,406|
|||28,792||41,778|70,570|
|||14,018||7,913|21,931|
|||21,028||9,309|30,337|
|||**Income**
**£**
72,119||**2022**
**£**
-
**2022**
**£**
20,170
7,800
27,970
**Expenditure**
**£**
(72,338)|**2021**
**£**
637|
||||||**2021**
**£**
17,663
8,000|
||||||25,663|
||||||**As at 31**
**December**
**2022**
**£**
39,895|
||40,114|72,119||(72,338)|39,895|
Page 9
## **THE HOLY ORDER OF THE CHERUBIM AND SERAPHIM CHURCH MOVEMENT (IFE-OLUWA) UK Notes to the Financial Statements (continued) For The Year Ended 31 December 2022**
|**Unrestricted funds**
General:
General unrestricted fund
**Total funds**|**As at 1**
**January 2021**
**£**
50,602|**Income**
**£**
103,984|**Expenditure**
**£**
(114,472)|**As at 31**
**December**
**2021**
**£**
40,114|
|---|---|---|---|---|
||50,602|103,984|(114,472)|40,114|
## 15. **Transactions with Trustees**
During the year the expenses reimbursed to the trustees or paid directly to third parties were as follows:
|**2022**|**2021**|
|---|---|
|**£**|**£**|
## 16. **Related Party Disclosures**
Page 10