Client." CHERUBIM AND SERAPHIM CHURCH SURULERE AYO NIO TRUST ACCOUNTS FOR THE YEAR 2023 ' COLINSON AND COMPANY LTD 210 CHURCH ROAD REGENT 88 OFFICES LONDON EIO 7JQ Aceountgnts and Tax Consultants Tel: 02081271180
CHERUBIM AI¥D SERAPHIM CHURCH SURULERE AYO Nto UK TRUST FOR THE YEAR ENDED 31 DECEMBER 2023 coiYrENTS PAGES I. CHARITY INFORMATKON 2. EXAMINER REPORT 3. REPORT OF HONORARY TREASURER 4. STATEMENf OF FINANCIAL STATEMEwrs 5. BALthTCE SHEET 6. NOTES TO THE Accouxr 7-10
CHERUBIM AIYD SERAPHIM CHURCH SURULERE AYO NIO UK TRUST CHARITY INFORMATION FOR THE YEAR ENDED 31 DECEMBER 21123 CHAIUTY IYUMBER: 1080961 REGISTERED OFFICE: 46 PARK LANE LONtK)N NI 7 OJS AccouTrrrANrs: COLINSON AND COMPANY LTD ACCOUNTANTS AND TAX CONSULTANTS SUITE 113 REGENT 88 OFFICES 210 CHURCH ROAD LEYfoN LONtK)N EIO 7JQ Page I
ACCOUNTAwf's REPORT CHERUBIM AND SERAPHIM CHURCH SURULERE AYO NIO UK TRUST FOR THE YEAR EIYDED 31 DECEMBER 2023 We have examined the accounts of the church for the year elld 31 December 2023 whicb aTe set out on pa(Yes 5 to 10. Basis of the Re ort Ollr ¢xamination was carTicd out in accord8tEee with the Gcnetal Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept bv the charity and a comparison of thc accounts pseI¢d with those records. It aIso includes consid¢ration of any Linusual items or disclosures in the accounts. atkd seeking explanations from vou a5 tru5tccs concernitig any such matters. The prowlures undertaken do not provide all the evidence that would bc required in an audiL alld cotwuentIy w¢ do Dot express an audii OPilliQll Oll th¢ vi¢w given by the accounts. Jn conuection with our ¢xaminatioL no It has come to our attention: (l) Which gives reasonable cause io believe that in any merIal respeci the r4uiTetncllts to keep a¢counting 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 Tequiremenls of the 2011 ACL have not been meL or (2) lo which in our opinion. attentioll should be drawn in order to enable Proper undcr5thnding ofthe accounting lo IK ch. COLLYSOLY AND COMPANY LTD ACCOUNTANfs AND TAX CONSULTANTS SUITE 113 REGENT 88 OFFICES 210 CHURCH ROAD LEYTON LONDON EIO 7JQ DA"I"E Dg..-../.D-. 2.Di< Page 2
CHERUBIM AfiD SERAPHThI CItURCH SURULERE AYO NIO UK TRUST REPORT OF HONORARY TREASURER FOR THE YEAR ENDED 31 DECEMBER 2023 The Tr¢asurer has plvdsure ID preselltillg the Allllual Report and Fillancial Statements foT the year eThded 31 December 2023. Ob'eets of the Church l o seek to gtorify God with th¢ preaehing of the Gospel and the ministy of the work and impact on thc comtllUDity p05itiTrcly. Princi al A¢tiTriti¢s The principal activity of the organisation thmugbout period w&$ the propagatioll of the Word of God. Page 3
CHERUBIM AND SERAPHIM CHURCH SURULERE A YO NIO UK TRUST REPORT OF THE HONORARY TREASLIIER coNrD. FOR THE YEAR ENDED 31 DECEMBER 2023 Churoh Aetivihes Spreading thc word of God and proclaimtng the trachings of Jes5 Christ. Counsel1ll people in Tespect of their tersonal problems Bnd looking after people Mqth 5PiritU81 needs. GivÈng spiritual healitkgs to members and the public laTge. Transaetioll and Finanei21 PositioD The organisation received contriblOn$ from rnebe in the amount of £57,468 is made up of Tithes £10,901. Offerings £6.143. Collection £557. Thanksgiving £7,29J, Anniversary £12,913. Harvest £0, Building Fund £0: Donations £16.375 and others amounted to £2,354. Also received are an interest of £9J2 on the fixed deposit and other income of £0 from events and spccial progrdmme. Tan ible Fixed Assets for use b the Chgri The organisation ljad a significant addition io its tangiblc fixcd assets dwing the period. Taxation There was no provision for tax liability. on th¢ rc5uIt of the ycar a5 thc orgdnisation was Re(FiStered Clwitable OrganAsation- Charity No. 1080961. otmentS and oificers who 5eTved Thc Officers of the organisation who seryed during thc ycar wer¢ as follows". F A Abalti, J F A Ajal4 KuDle Ayodele-Alar4 Fowe. Sola Oni. Jide OgTnTJi, Bimbo AitkeJL8, Y¢wande Babavemi Accountants Colinson and Companv Ltd has shown Ibeir willinesS to colltill in scrvicc. Th¢ r¢- appointment to act as Accountants will be put to the Officers at their meeting. Tru5tetS Jide Oginni. J F A Ajal& F A Abatti. Kunle Ayodele-Alarn Yewande Babayemi and Adeola Fowe BY ORDER OF THE HONORARY TREASURER .. DATE Page 4
CHERUBIM AND SERAPHIM CEtURCH SURULERE AYO NIO UK TRUST srATEMEKf OF FINANCtAL ACTIVITIES FOR THE YEAR Ef4DED 31 DECEItrIBER 2023 Unrtstricled Restricted EDd0ent FuDds Funds FuBds Totsl Funds 2023 ,Yotes 2022 INCOME Incoming resources from dollors Other incoming resouTces 56,535 933 59,255 206 933 TOTAL INCOl[NG RLSOURCES RESOURCES EXPENDED Costs of generdttng fvnd5 Missionary and Chdritdble gÉving A¢tiviti¢5 directly relaiing co the work of the thurch )a 3b 59.414 59.414 38,666 Church managetnent and ad]niStration 3c TOTAL RESOURCES EXPEf¥DED NET INCoL1G1(oUTGOUYc} RESOURCES GAINS AND LOSSES ON INVESTMENTS Page 5
CHERUBIM AND SERAPHIM CJIURCH SURU-LERF. AYO NIO IJK TRusr BALANCE SHEET AS AT 31 DECEMBER 2023 ZU23 2022 FIXED AS&+ETS Tangible Assets 318.984 314.051 CURREfiT ASSETS Debtors & Prepayrnents 2.059 659 Cash at Bank 47,082 60.959 Casl) in Hand COIF Charities DeF<)Sit Fund 22 21.288 39)a47 396,957 CURREI l¥iT LIABtLTrtKs Crediiors and A¢iYuals 3.07 J9J.881 LONG TERM LIABTLtTY Loan 93 FINANCED BY: ACCUMULATED 17iJNDS Balance BIF 393.881 378,433 Prior Year Adju5ttnelll Add: {Deficitysurpls 6.611 APPROVED BY TRE BOARD OF TRUSTF.F,S ON PASTOR F A ABATrt HON TREASURER SENIOR ApposfLE J F A AJALA .-. CHAIRMAN P*ge 6
cHERUBll AND SERAPHtM CHURCH SURU-LERE AYO MO UK TRusr NOTES TO THE FbYANCL4L STATEI¥IENTS FOR THE YEAR ENDED 31 DECEMBER 2023 I. ACCOUNTING POLICIES The accounts ate prepared under the hi5toEÉca] c05t Convention with the exception of inv&stments which are stated at tnaTket vaJue_ They COTnply with the tEquirenJents of Statement of RecoJn]nended Practice 'AccourtLing Charilies. {'SORY) and aTr irt ac£ordanct 8pplicable accounting 5randards. b. General a¢¢vrnulated funds are funds available to Eht church for its gcneJal pl and include fuT)ds designated by the Church for a particular purp(fj¢" the us¢ of such dled funds remains at the discretion of the Churth's TTuslees. There is no Restricted Fund at the ttEOlltenL d. The govetthince, TnaTts8etnent and athninisttation exp reFQTtyJ in note 3 relwe ¢0 the whole of the Church's acttvities and a proporknon of these charges are 8]locatrd to expendtture headings on & b8SiS consistent with the wse of th¢ r¢sources. t. Invesiments are stated at market val. It is the chIChS lleY to kccp vaJuAttOllS up to date such that hen investments are sold there is no gain or loss arising to previou5 years. f. I"angibl¢ assets ate tncluded at C051 and depteciallon is provided on a5traight tine ba5i5, in orderto write off the assets over their useful live& g. All expcnditure is accounted for on an Accwa] BasKs. Tbe depretiation rgtL$ jre s follow$: Freehold buildin¥s Printing equiprnent and computer hdwaIt rixtiiies and Fittings Studio and Musical Equipment Sport Equipm¢nt 2. INCOMING RESOURCES Nil IOVO 2/ts Ullr¢stricted Restricted Endowment Funds Funds Funds Total Funds 2023 2022 IncomnEg re.Yt)FarcÉ.sfrom donors Pl2nne41 giving= Tithe$ Missionary Funds Collc¢tion {opcn platc) at a]1 servitts Offering Flarvest Building fijnd Anniversary Thanks giwng Donats"ons OtheJsllnierest TOTAL INCOMING RESOURCES 10,901 10,901 7.737 557 6.143 557 6.143 1.629 5.496 3.086 30.00 12,913 7.293 16.i75 2.354 12.913 7293 9.183 16.610 460 933 933 3.287 57 Pg¢ 7
CHERUBIM AND SERAPHIM CHURCH SIFRIJ-LF.RE AYO NJO UK TRUST LYOTES TO THE FlANcIAL sfATEME]Yrs COI¥TD. FOR YEAR ENDED 31 DECEMBER 2023 2a INTEREsr 2023 21122 lfttCTESt ofcoiF DcpJ5its Bank Interest 933 206 2b. FtXED Assrrs Freehold Pro Msical Printin ui i¢Y/. FiYt¥r¢s & Totsl 200/0 Cost At l January 2023 Disposal Addition At 31 December 2023 310,689 1500 29.088 11,072 36CI,849 36 teDe reciatio B/F- l January 2023 Dispos2] Charge for th¢ ar At 31 Dttember 2023 1.500 8.5 26.780 10,018 46.798 Net Book V#lue At J l December 21Y23 At 31 Dccember 2(Y22 Page 8
CHERUBtM AND SEKAPHiM CHURCH SURLILERE A YO I¥IO UK TRUST NOTES TO STATEThr OF FIYANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DKCEMBER 2023 2023 2022 TOTAL INCOMING RFSOURCES Tith¢5 Missionary Funds Coll¢ctionlOrtn Plate} at 011 Service Offering Harvest 10,901 7.737 557 6,143 .629 i,496 Building fijnd AnniVery Thanks ging Donations Othe Interest from Deposit Accounts 30.00 11913 7.293 16J75 2i54 15.230 9,183 16,610 2)4 56.)35 933 59.25) 57.468 59,460 EXPENDfTURES MISSAOP4AR Y ICHARrrABLE GtVlNG Missionary vIng CHURCM RUNNING AcrivrriES Rents 16.300 Light & Heating 2.193 Funeral Cost Water Rate Advertisement & FlyeT5 Honourarium Harvest (Children & Adult) Legal & Professiona] fees Chriknas Party Radio Broadc&st Prinling Postages & Sthtioneries Telephone Expelws Anniversary/Summer Day Insuran ChurGh OfficiaiiT]g Nfatetit15 16,31X> 2.441 213 1,529 4,680 2,727 2517 1.650 152 550 1.500 1.152 430 1.448 6,154 2.654 527 1.5)8 610 2&613 CHURCH mAIrEArICE Church Cleanino Repaits & Maintenance Waste Retnova£ Dccoration5 2.602 1.030 1.229 3.632 Page 2,695
CHERUBIM AI¥D SERAPEItM CHURCH SL'RU-LERE AYO NIO UK TRUST NOTES TO THE FINANCIAL STATEMENTS CONTD. FOR THE YEAR ENDED 31 DECEMBER 2023 EVANGELISM Missionary Trnvelling Mi$5ionary Givin(T 6,509 11,404 WELFAREICOMMUNITY EXPENSES 'clfare 769 Corftmunity Expenses 850 769 850 ADMINISTRA TION Sundry Expet]se5 Pastorial Expenses Acuntan¢Y fee DepTlatIOn Bank Charges 1.031 1.031 4,016 299 NET If*ColiNG/(0lrrG01NG} RESCOURCES Uthrestriettd Rertricted Endoww¢nt ds Fjnds FuTrds Totsl Ftsnds 2023 2022 3. RESOURCES EXPENDED Mi11ry ond ehari14blegivthg." 3b. Actiyities direcilv reloling to church worA Church. running eX[se5 Church MaIntenae Evangelism Welfarelcornmunity Fxpenses 43.609 3.632 11.404 43.609 28.613 ?.695 6.509 850 11,404 769 3e. Church managemeni 0ttdadmiftistrIOn AdministratioT] I Administration 2 (Ikprecialion) Bauk Charges 1302 i.362 271 1.302 3.i62 271 4,016 TOTAL RESOURCES EXPENDED COFI- Charity Fun¢ls 22 22 Page 10
CHERUBIM Af4D SERAPHIM CHURCH SURif_LERE AYO NIO UKTRUST NOTES TO THE FlTriANCIAL SfATEMEKrs CONTD. OR THE YEAR ENDED 31 DECEMBER 2023 BANK BALANCES HSBC- Account No. I HSBC- Account No. 2 Barclays CommLmity Account 31945 3.588 32.945 3,588 24,884 3.800 i2.268 COAF Charllles DtP05tt Flld Balance B/f Add- HSBC I Add Interest 21288 21,288 21288 21,082 933 21221 933 22221 21,288 Le55 Transfer to Current AccounrfBarclays) Less Transfer (U¥tpr¢seyrted Cheque} UJrestrteted RtrIcted Endowrnenl Tot#1 Funds Funds FuBds Fllnds 20Z3 2022 CREDrroRS AND ACCRUAIS Balance B Less Pavments Account3Y and Book-keeptng HMRC 1.993 1.993 1,993 1,084 1.084 1.083 LONG TERM LIABILrrY Debtors BIF Uncredited knnsferCOJF Charity DewssEI 659 659 659 659 Page 11