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 p￿se￿I¢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 m￿erIal 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 Jes￿5 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 contrib￿lOn$ from rne￿be￿ 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.
o￿tmentS 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 willin￿esS 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 EDd0￿￿￿ent
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 INCoL￿1G1(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: {Deficitysurpl￿s
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 d￿l￿￿ed 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 chI￿ChS ￿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$:
Freehold buildin¥s
Printing equiprnent and computer h￿dwaIt
rixtiiies and Fittings
Studio and Musical Equipment
Sport Equipm¢nt
2. INCOMING RESOURCES
Nil
IOVO
2￿/ts
Ullr¢stricted Restricted Endowment
Funds
Funds
Funds
Total Funds
2023
2022
IncomnEg re.Yt)FarcÉ.sfrom donors
Pl2nne41 giving=
Tithe$
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
P*g¢ 7

CHERUBIM AND SERAPHIM CHURCH
SIFRIJ-LF.RE
AYO NJO UK TRUST
LYOTES TO THE F￿lANcIAL 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
M￿sical
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 STATETh￿￿r 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
AnniVe￿ry
Thanks g￿ing
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 mAI￿rE￿ArICE
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
Ac￿untan¢Y fee
DepT￿latIOn
Bank Charges
1.031
1.031
4,016
299
NET If*Co￿liNG/(0lrrG01NG} RESCOURCES
Uthrestriettd Rertricted Endoww¢nt
ds
Fjnds
FuTrds
Totsl Ftsnds
2023
2022
3. RESOURCES EXPENDED
Mi￿￿11￿￿ry ond ehari14blegivthg."
3b.
Actiyities direcilv reloling to church worA
Church. running eX[￿se5
Church MaIntena￿e
Evangelism
Welfarelcornmunity Fxpenses
43.609
3.632
11.404
43.609
28.613
?.695
6.509
850
11,404
769
3e.
Church managemeni 0ttdadmiftistr￿IOn
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 F￿lld
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 R￿trIcted Endowrnenl Tot#1 Funds
Funds
FuBds
Fllnds
20Z3
2022
CREDrroRS AND ACCRUAIS
Balance B
Less Pavments
Account3￿Y 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