Client: CHERUBIM AND SERAPHIM CHURCH SURULERE AYO NIO TRUST ACCOUNTS FOR THE YEAR 2024 ' COLINSON AND COMPANY LTD 210 CHURCH ROAD REGENT 88 OFFICES LONDON EIO 7JQ Accountants and Tax Consultants Tel: 02081271180
CHERUBIM A]ND SERAPHIM CHURCH SURLILERE AYO NIO UK TRUST FOR THE YEAR ENDED 31 DECEMBER 2024 CONTENTS PAGES I. CHARITY INFORLktATION 2. EXAMINER REPORT 3. REPORT OF HONORARY TREASURER 4. STATEMENT OF FINANCIAL STATEMENrs 5. BALANCE SHEET 6. ]YOTES TO THE ACCOUNT 7-10
CHERUBIM AND SERAPHIM CHURCH ISURULERE AYO NIO UK TRUST CHARITY INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2024 CHARITY NUMBER: 1080961 ISTERED OFFICE: 46 PARK LANE TOTTENHAM LONDON N17 OJS ACCOUNTANrs: COLINSON AND COMPANY LTD ACCOUNTANTS AND TAX CONSULI ANTS SUITE 113 REGENT 88 OFficES 210 CHURC14 ROAD LEYfoN LONDON EIO 7JQ Pase I
ACCOLTKfANT'S REPORT CHERUBIM AND SEIL4PHIM CHURCH SURULERE AYO NIO UK TRUST FOR THE YEAR ENDED 31 DECEMBER 2024 We have exan)ined the acwunts of the church for the year ended 31 December 2024 which are Set out on pages 5 10 10. Basis of thc Rc ort Our examination w&8 carrted out in accordance with the General Directions given by th¢ Charity, Comtnissioners. An examination includes a review ot.the a¥counting records kept by the charity and a comparison of the accounts presented those records. It also includes consideration of any unusual iterns or disclosurcs in the accounts: and seeking explanations from you as trustees concerning any such Jnatters. The procedures undertaken do not provid¢ all th¢ evidence that would be requiTed in an audit, and consequently we do not express an audit opinion on the view given by the aecounts. In connection with our examinatio no matter has cOe to our attention: (i) Which gives us reasonable cause to believe that in any material respect the requtrements to keep aCUntin0 records in accordance with section 130 of the 2011 ACL and to prepare accounts which accord with the accountino rccords and to cOpIY with the accounling requirements of the 2011 Act. have not been met. or (2) to which in ovr opinion, attention should k drawn in DrdeT to enable proper understsndkng of the accounting to be Icached. ,INSON AND COMPAIYY LTD ACcOuPATr4T5 ALYD TAX CONSULTANTS SUITL 113 RECEwf 88 OFFICES 210 CHURCH ROAD LEYTOI¥ LONDON EIO 7JQ P2ge 2
CHERUBIM AND SERAPHIM CHURCH SURliLERE AYO.NUO UK TRUST REPORT OF HONORARY TREASURER FOR THE YEAR ENDED 31 DEcEIBER 2024 The Treasurer hgs pleasure in presenting the Annual Report and Financial Statements for th¢ ycar ended 31 December 2024. Ob ects of the Church To geek to glorify God with the preaching of the Gospel and the ministy of the work and impact on the communit). positivclv. Princi al Activities The principal activity of the organisation throughoui the period was the propagation of the Word of God. Page 3
CIIERUBIM AND SEIL4PHINf CHIcH SL'REILERE .IYO _NIO LTK TRU-ST REPORT OF THE HO.NORARTr" TREASURER CONTD. FOR THE YEAR ENDED 31 DECE]WBER 2024 Church Aetii.'ities Spreading the 'ord ot God and proclaimillg the aChingS of Jes8 ChrisL Counselling peoplc rc5pecÈ of the: peryonat problems and looLitkD after people with spiritual needs. Giving spiritual healings to 2nd the publÉc 4 large. Transaction and Finan¢ial Positio The OTganisation received contributions from members the amount of £57.468 is made up of Tith¢s - £9,5?4" Off¢ping5 - £3176" coll10 - £8?. ThaDksgii'ing £5,i82, AniverSa4 £9.701 HaTh'esi £1 ?58: Buildlng Fund £J43. Donations Fl 5,?00 and others amounted 10 £640. Also recei¢0 an imetes101 £86J on the fLK deposii and other income of £U from events and special programme. I'an "ble Fixed Assets for usc bv the Chariiv The organisation had a significant addition to its tangible fixed assets dur&ng the perio(L Taxation There was no provision for tax liability on the ffguli of the year as the organisation was Reoisiered Charitablc Organisation- Charity lio. 1080961. ointments Officers who served The OfTi¢ers of the organis10 who served during th¢ year wete a5 Follow3: F A Abatti. J F A Ajal4 Sola Oni. BÉEnkn Aitkens ttlld ycWaEC Babayemt Accoun Colinson and Company Ltd has shown their iVTIEingness to continue in setwce. The re- appointnieBt to act as Accountants V¢ill k put to th¢ Offi¢¢Ts at th¢ir mtttins. Trustees J F A Ajal4 F A Abatti: Biodun FddaÈto. Ayixlele-Alat2 and Y Babavemi BY ORDER OF THE HONOliJlR Y TREASURER ............ DATE Page 4
CHERUBIfvI AND SEIL4PHIM CHURCH SLqIULERE .4Yo rilo UK TRUST STATEMETIT OF FLNANCI.4L ACTIN'ITIES FOR THE YEAR ENDED 31 DECEMBER 2024 restricted Ros¢ricted Eodo}VThllt Funds Funds Fullds Total FvDd5 2024 Notes 21123 INCOME InLomin8 resoEErce5 from donors Oilier incoming resources 45.506 45.506 863 50.535 TOTAL ENCOMING RESOURCES RESOURCES EXPENDED Costs of generdting funds Mi55ionary and Charit3ble givFng A¢*ivities dire¢tly relatinb to tht work of the church 42,621 42.621 59,414 Church matiagement and gdministration 6.2T2 4.935 roTAL RESOURCES EXPENDED T INCOMINCI(OUTGOING) RESOURCES JAENS AND LOSSES or4 ti¥VESTMETrrrs PAgc S
CHERUBIM.4ND SERAPlttM CHURCH SURL-LERE Al'o f*'lO L'K TRUST BALANCE SHEET AS AT 31 DECEMBER2024 Z024 2023 FIXED ASSETS Tangible Assets 325.943 318.984 CURREIYT ASSETS Debtors & Prepayments 2,059 20)9 Cash ai Bank i7.$44 47,08? Cash in Hand COIF Charities Deposit Fund 71.303 388.6iO -URR£NT LIABILITIES -reditor$ attd Accruals ?90.347 3.077 386,120 .ONG TERM LIABILITY i87,270 .oan 'D4AIYCED BY:. .ccuttrlULAT£D FUNDS alance BIF 387.270 )93,881 rior Year Adjusiment dd- (r)eftcttyg.Tlug 6.611 PPROVED BY THE BOARD OF TRUSTE s oN_.-.... ISTOR F A ABArn HON TREASURER ',NIOR APPOSTLE J F A AJALA CHAIRMAN
CHERUBIM AND SF.nAPHIMI CHURCH SURU-LERk AYO 5,10 tiK TRUST NOTES TO THE VINANCL4L STATEMErwrs FOR THE YEAR EP4DED 31 DECEMBER 2024 I. ACCOUNTING POLICIES
. The accounts prepared under the historica] c051 convention %*ith the exc¢plion of investwnents which
are stated at arKet valu¢. They comply with the requitetnents of Stxtement of Recommended Prdctice 'Accounting Charities, ('SORP) and are accordaEtce wtth applicable accounttng standard5. b. General accurnulated funds are funds available to the church for its geneial purposes and include funds designaled by the Chlirch for a panÉeularpurpose- the use olsuch design&ed funds remain5 at the discreTion of the Churchs I"rustees. There ts no Restrtcted Fund at the mornenl. d. The goveinance. managenTreni and administration expenses reN)rted in note J relate to the whol¢ of ihe Church's aetivities and a proportion of t1*5e charges atE allocated to expenditu headings on a basis consistent with the u5¢ of th¢ ThUTces. Investments 2re stated at mthet Value. It is the Churchl s poli¢y to ke¢p vaIuations up tti datr such th when investmenis are sold there is no gain or loss artsing io previous years. r. Tangible asscts air illcluded at cost and depTeciaiion is provided on a sÈraight ITne basi4 in order to write off the asseis over their useful lives. All expenditure is accounted for on an Accrual Basis. rhe depreciation rntes are as folloivs: 'i¢ehold building5 ¥inting equipment and computer hardware 'iKtures and Fittings
tudio and Musical Equipment Iporl Equipmeiit 114COIVIING RESOURCES Nil loy IOYO 200/0 Total Funds 2024 2023 Unrestritted Restricted EDdowment Funds Fllnds FuDd5 IncomipFg resourceNfropn do•wrs Planned givittg: Tithes Missionaty Funds Collection (open plate) at all servi¢ Off¢ring Harvest 9,524 9,524 10.901 82 82 557 1.258 243 9.702 Si82 15.?00 Building ftlntt Anniversary Thanks giving DonatK>nS Oth¢rs/lni¢r TOTAL INCOMINC RESOURCES 1.258 343 9.702 5.582 15,200 12,913 7.293 16,375 3.287 t 69 Page 7
CHERUBJM AND.SF.kAPHIM CHLERCH SURU-LERE AYO.P*lO UKTRL',sr NOTES TO THE FINANCIAL ST.4TEMENTS coNrD. FOR YEAR ENDED31 DECEMBER2023 INTEREST 2024 2023 Interest of COIF Deposits Bank Interest 933 O(neÈ Printinv FixthTts & Ib. FIXED ASSETS Freehold Pro Musieal Total 200A 20Y 10/0 IOYO Cost At l January 2024 Di5posai Addition At 31 December 2024 314.689 1.5(X) 8.5(Kl i3 J83 11,072 369,IM 7.957 9.267 re ate De reeAAtio BIF- l January 2024 Disp05al Charge for the year Ai 31 December 2024 1,51KJ 8,5(Kl 29.088 50.160 2.308 Net Book Value Ai 31 Dcceniber 2024 At 31 December 202J 14 Page 8
CHERLTBThI SERAPHIM CHURCH SLfRULF_RE AYO NIO UK TRUST NOTES TO,STATE.IIENT OF FINANCIAL ACTIvrrIES FOR THE YEAR ENDED 31 DECEMBER 2024 2024 2023 TOTAL INCOMING RESOURCES Tithes Mi55ionary Funds Colleetionlopen Plate) at all Service Offertng Harvest Building fund Annivérsary Thanks giwng Donakn'ons (hhers Int¢resi fro]ll Deposit Accoums 9.524 10.901 82 3.176 1258 342.60 9.702 5_582 15,200 557 12.913 7.293 45.506 863 i6,536 933 40J69 XPENDITURES MISS10Tr4ARY ICHARrtABLE GIVING S9.460 Mis5iQndry giving CHIIRCH RiJNNtNC ACTtVlTIES Rents 12,22) Light & Heating 4,033 Funernl Cost 1200 Water Rate 218 Advcrlisement & Flyer5 175 Honourariu 1,704 Harvest IChEldren & Adult) l.ioo Legal & Professional fees Chyitmas Party Radio Broadc&4t Printing Postases & Station¢ric5 Telephone Expenses Aiiiiiversarylsummer Fun Day In5uranr Church Officiating Mal¢rials 16.3IHI 2,193 213 1,529 4.680 2.727 2,517 4.596 1,448 6.154 2.634 2,707 413 2&916 43,609 CHURCH MAll4iTENANCE Church Cleaning Repairs & Maintenance Waste R¢moYal Decorations 2.602 1.030 1.594 2,960 Page 9 3.632
CHERUBlITrl.4ND SERAPHIM CHURCH SURU-LERE .4YO.NIO UI( TRL'ST NOTES TO THE FLNANCL4L ST A TEltrtEI'TS CONTD. FOR THE YEAR E_N'DED31 DECEMBER 2024 EVANGELISM Mi55tonary Tiav¢lling Missionary Giving 4.124 6,803 4.601 iQ446 11,404 WELFAREICOMMUNITY EXPENSES Welfare 298 C.ommllnity Expenses 769 298 709 ADMINISTRATION Sundry Expenses Pastorial Expenses Accountancy fee Depr¢ciation Bank Charges 187 1.031 li08 1,031 3.362 271 47 ET JNCOMINGI(OUTGOING) RESCOURCES Llnr¢stritt¢d Restrifltd Ed0M Fund$ FuDds T t21 WrIdS 2024 2023 5. RESOURCES EXPENDED 5a. Mi5sionttry and charitqble oiwn2.' A£YhJzties dlreetly reltsfvng ¢0 ehurch work Church_ running expenses chUh maintenance Evangelis Welfar&lCommunity Expenses 28,916 28,916 2,960 10.446 298 43.609 3.632 11.404 769 10.446 798 Church munuRement undadminislrutioft Administr2tion I Administration 2 (Deprcciation) Bank Chao¢s 2,591 2.591 2,308 1,302 3,362 271 373 TOTAL RESOURCES EXPENDED COFI - Charity Funds 22 Pa 10
CBERU8IM AND SEIi4PHIM CHURCH SURIS-LERE A YO h70 LEK TRUST NOTES TO THE FI.)ANCI.4L STATEMEYTS CONTD. FOR THE YL4R ENDED 31 DECEMBER 2024 BANK BALANCES HSBC- Accouni No. I HSBC- Account No. 2 Barclays Community Account 23.749 2.040 11.755 23.749 2.040 32.945 3,i88 10.549 COIF Charities Deposit Fulld Balance Blf Add: HSBC I Add Inierest 22221 21221 22,221 21.288 933 22.221 23.084 Less Transfer to Curreni Account(Barclays) Less Tratisfer (Unpresented Cheque) 22 Unr¢5tricted Restricted Endowm i Totgl Fullds Fllnds Funds Funds 2024 CREDrroRS AND ACCRUALS 2023 B21ance BIF Less Paytnents Accoufttaficy aEid Book-keeping HMRC Others 1.426 1.426 1,993 1.085 1.085 1,084 077 LONG TERM LIABILITY Loan Debtors BIF Uncrcdited transfer COIF Charity DetK)Sit 2,059 659 659 PagÈll