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 2024
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 following pages do not form part of the statutory accounts: | |
| Detailed Statement of Financial Activities | 11—12 |
The Holy Order of The Cherubim and Seraphim Church Movement (Ife-Oluwa) UK Trustees' Report For The Year Ended 31 December 2024
The trustees present their report and the financial statements for the year ended 31 December 2024.
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 2024
The trustees' report was approved by the board of trustees and signed on its behalf by:
Rev Olorunfemi Abayomi Moses
Trustee 16th July 2026
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 2024
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 2024.
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:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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 17th July 2026 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 2024
| Notes INCOME AND ENDOWMENTS FROM: Donations and legacies 3 Investments 4 EXPENDITURE ON: Raising funds 6 Charitable activities: 6 Religious activity NET EXPENDITURE NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS: Total funds brought forward TOTAL FUNDS CARRIED FORWARD 13 |
2024 Unrestricted funds £ 37,230 165 |
2023 Unrestricted funds £ 44,867 200 |
|---|---|---|
| 37,395 | 45,067 | |
| (1) (67,158) |
(1) (63,556) |
|
| (67,159) | (63,557) | |
| (29,764) | (18,490) | |
| (29,764) 21,405 |
(18,490) 39,895 |
|
| (8,359) | 21,405 |
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 2024
| Notes FIXED ASSETS Tangible Assets 10 CURRENT ASSETS Debtors 11 Cash at bank and in hand Creditors: Amounts Falling Due Within One Year 12 NET CURRENT ASSETS (LIABILITIES) TOTAL ASSETS LESS CURRENT LIABILITIES NET (LIABILITIES)/ASSETS FUNDS OF THE CHARITY Unrestricted Funds TOTAL FUNDS 13 On behalf of the board |
2024 Unrestricted funds £ 5,541 |
2023 Total funds £ 13,736 |
|---|---|---|
| 5,541 1,842 15,441 |
13,736 2,000 34,596 |
|
| 17,283 (31,183) |
36,596 (28,927) |
|
| (13,900) | 7,669 | |
| (8,359) | 21,405 | |
| (8,359) | 21,405 | |
| (8,359) | 21,405 | |
| (8,359) | 21,405 | |
Rev Olorunfemi Abayomi Moses
Trustee 16th July 2026
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 2024
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
| . Income from Donations and Legacies |
||
|---|---|---|
| 2024 | 2023 | |
| Unrestricted | Unrestricted | |
| funds | funds | |
| £ | £ | |
| Donations and gifts | 37,230 | 44,867 |
4. Investment Income
| . Investment Income |
||
|---|---|---|
| 2024 | 2023 | |
| Unrestricted | Unrestricted | |
| funds | funds | |
| £ | £ | |
| Bank interest receivable | 165 | 200 |
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 2024
5. Net Income/(Expenditure)
The net expenditure is stated after charging/(crediting):
| The net expenditure is stated after charging/(crediting): | ||
|---|---|---|
| 2024 | 2023 | |
| £ | £ | |
| Depreciation of tangible fixed assets - owned | 8,195 | 8,195 |
6. Analysis of Expenditure
| Raising funds Religious activity Raising funds Religious activity |
2024 Support costs (see note 7) £ 1 67,158 |
|---|---|
| 67,159 | |
| 2023 Support costs (see note 7) £ 1 63,556 |
|
| 63,557 |
- Support Costs
| Employee costs Premises expenses General administration Depreciation |
Raising funds £ - - 1 - |
Religious activity £ 21,818 15,165 21,980 8,195 |
2024 Total £ 21,818 15,165 21,981 8,195 |
|---|---|---|---|
| 1 | 67,158 | 67,159 |
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 2024
| Employee costs Premises expenses General administration Depreciation 8. Staff Costs Staff costs were as follows: Wages and salaries Social security costs |
Raising funds £ - - 1 - |
Raising funds £ - - 1 - |
Religious activity £ 20,958 13,223 21,180 8,195 |
2023 Total £ 20,958 13,223 21,181 8,195 |
|---|---|---|---|---|
| 1 | 63,556 | 63,557 | ||
| 2024 £ 18,800 1,256 20,056 |
2023 £ 18,200 1,256 |
|||
| 19,456 |
No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000.
9. Average Number of Employees
1Average number of employees during the year was: 1 (2023: 1)
10. Tangible Assets
| Cost As at 1 January 2024 As at 31 December 2024 Depreciation As at 1 January 2024 Provided during the period As at 31 December 2024 |
Land & Property Leasehold £ 42,810 |
Fixtures & Fittings £ 49,691 |
Total £ 92,501 |
|---|---|---|---|
| 42,810 | 49,691 | 92,501 | |
| 35,801 7,009 |
42,964 1,186 |
78,765 8,195 |
|
| 42,810 | 44,150 | 86,960 | |
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 2024
| Net Book Value As at 31 December 2024 As at 1 January 2024 11. Debtors Due within one year Other debtors 12. Creditors: Amounts Falling Due Within One Year Trade creditors Taxation and social security Accruals and deferred income 13. Movement in Funds Unrestricted funds General: General unrestricted fund Total funds Unrestricted funds General: General unrestricted fund Total funds |
As at 1 January 2024 £ 21,405 |
- | - | 5,541 | 5,541 |
|---|---|---|---|---|---|
| 7,009 | 6,727 | 13,736 | |||
| Income £ 37,395 |
2024 £ 1,842 2024 £ - 22,683 8,500 31,183 Expenditure £ (67,159) |
2023 £ 2,000 |
|||
| 2023 £ 1 21,426 7,500 |
|||||
| 28,927 | |||||
| As at 31 December 2024 £ (8,359) |
|||||
| 21,405 | 37,395 | (67,159) | (8,359) | ||
| As at 1 January 2023 £ 39,895 |
Income £ 45,067 |
Expenditure £ (63,557) |
As at 31 December 2023 £ 21,405 |
||
| 39,895 | 45,067 | (63,557) | 21,405 |
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 2024
14. Transactions with Trustees
During the year the expenses reimbursed to the trustees or paid directly to third parties were as follows:
| 2024 | 2023 |
|---|---|
| £ | £ |
15. Related Party Disclosures
Page 10
The Holy Order of The Cherubim and Seraphim Church Movement (Ife-Oluwa) UK Detailed Statement of Financial Activities For The Year Ended 31 December 2024
| INCOME AND ENDOWMENTS FROM: Donations and legacies Tithes & Offerings Investments Bank interest receivable EXPENDITURE ON: Raising funds Sundry expenses Charitable Activities: Religious activity Wages and salaries Employers NI Transportation Rent Printing, postage and stationery Telephone and internet Accountancy fees Legal fees Subscriptions Bank charges Charitable donations Musical concert and recording Sundry expenses Clergy Maintenance Depreciation of fixtures and fittings Depreciation of leasehold land and property NET EXPENDITURE |
2024 Total funds £ 37,230 |
2023 Total funds £ 44,867 |
|---|---|---|
| 37,230 165 |
44,867 200 |
|
| 165 | 200 | |
| 37,395 (1) |
45,067 (1) |
|
| (1) (18,800) (1,256) (1,762) (15,165) (49) (1,162) (1,000) - (2,500) (462) (350) (1,002) (2,315) (13,140) (1,186) (7,009) |
(1) (18,200) (1,256) (1,502) (13,223) (72) (1,053) (1,200) (500) (2,300) (278) (830) - (1,807) (13,140) (1,186) (7,009) |
|
| (67,158) | (63,556) | |
| (67,159) | (63,557) | |
| (29,764) | (18,490) |
Page 11
The Holy Order of The Cherubim and Seraphim Church Movement (Ife-Oluwa) UK Detailed Statement of Financial Activities (continued) For The Year Ended 31 December 2024
Page 12