NEW COVENANT CHERUBIM & SEFL4PHIM MOVEMENT CHURCH I A CHARrrABLE COMPANY UmED BY GVARANTEE) COMPANY REGISTERED NUMBER (765744 CHARtrY REGISTERED NUMBER .. 1130858 REPORTS AND AUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023
NEW COVENANT CHERUBW & SERAPHWA MOVEIIEKf CHURCH I A CHRrrABLE COMPANY LIMffED BY GlIAT Report and acGounts Contants Company irtsmatK IFKlewd8nt r8p¢¥t Inccffje slatsment 10 Statemgnl F1 Statwnerrt dthanges in to the flnanoal statwnts 11 12 13- 17
NEW COVENAiif CHERUBIM & SERAPHW MOVEMENT C+KIRCH I A CHARtrABLE COMPANY UMrrB) BY GUARAPtrEE) Company Inforn)ation TNste Mrs Oluwatw, Faks8 I Chairman) Mr Adeleke Johrffjon (Vi¢& Chain)an} Seal AW Otadlpo JaJod# I c1wj P88k¥) r Michael Aiibcla Athkurde Akande (Membwl Mts Bosède AdèLK)la ljelu {MemLwl Mr olabjnt0s IS&yeW) Mr OlabJntrK6un TCPe Aijwe IS•} Audltor¥ SM Harman mj TIAS Harman & Co Charterèd AcCnIants & Rg3i8tsr8d IC¥S 261 Grw Lanas Palmers Gr9en N13 4XE 333 Hkjh Road. Wrx4J Grwi, LoTrJon N22 WA R4gl$t•r•d nun4)•r 06765744
NEW COVENANT CHERUBIM & 8ERAPHIM MOVEMEpif CHURCH I A CHARrrpsLE coMply uiwfED BY 13UA9AKr Rggi8t•r8d Nun&)8r C6765744 2013. The fwitth (thinY has sh0 w4121, ixjt kn the of . rrrnb6rs' I to Tert rIx5 W10}. Tnth Indu¢thn and Tndnl Jc4nty the Churth P88kn Ch Lrf Ihe TrlTht. knkated by drAri prir1[AÈs ofow f84h. TnJ5t8es l•d by the
NEW COVENANT CHERUBIM & SERAPHIM IIOVEMEiifcHURCH Regtere(j Nunknr C785744 W¢ mak8 a Ont (A to wdat8 m&nber5 d key iskJnB ( Bcwd. The Pijgrd Mrs (Juwatoon Falpse l Mra10k• John¥ Ch"rnl Sper481 WoAJlr•J 0Vj JJÈde l thurr Pa lt8 AkUn thndo Imthrl *5 ljdu (Memberl OL8nb T(lU Isetrwlwy) uiwd kn..
NEW COVENANT CHERUBIM & SERAPHIM MOVEMENT CHURCH I A CIlARfTELE COMPANY uMrrED BYGUARApifE Rapiste Nunknr. 06765744
NEW COVENANT CHERUBIM & SERAPHIM PAOVEMEKf CHURCH Stratsgic Roport We thl b1$ the LORD has m&.. lThJ8•J, my miThl instructs thè nlghL I have sel the LORD cclin811Y belore me; Becatse He at my rijht h8Tra, l il not shaken. Twore my ho)rt Is arKI my gbNy repiiw. First and fw106L I want to oxieThY my daepe5t to txjr Elder5 in c11 for their um¥averlng 8plrlbJa gLydan¢x and wayvs. Your adership hwe baan Wroc UF vknith our chLwth trwiw. l 819) (£fflmend thg hats of units, batNJ caFthns. 811 ¥0rrt88ts for thelr sleajlast tyebess TrMent trj the various mffii%lMs ithln our chvrth. Youf effcts leadw¥J. ha¥e ¢))ntr& to grthyth antl c¥xvJrtyatKW). the frf8 of our church. Wh8lhar thrcvJh vc4uFrteeriThJ. iendtNJ seNc. or suptthing w Inball, nIn1j"0n6 hav8 teen invaluable. Yow kwe for the Ld and Hi5 p48 is thyent. and rt . this bve that churth 1&w. We Ihe BOT 8rg in rArfiflh nn1J. as ar fm d&bIl with ts wo9$5 mad8 as a Churth. It has pwe and ow temr crf Gan cdy 8ttrityJte to the grxe of aTrJ YDU Chjtth habE been our WrcKk of pr8ser& I 4vLJ Iiir& uvwi ai Ix r13WE7aJrKx yiiB¥itl IUXI LMW&YIIy5 ILY WLWL¥I. VY¥ dd3hted to share thai o¥er 60 memberB jtyned NC CTch famty, aeearthng to th8 statisucs kn our put1 R8lakffLq UnlL TNS Is a lestsment to Gc1's farfhfvdw a1 lh8 vlbrart Wel(x1n9 spirit of coyg9akn. . Baba adUr8 At4dffjt of h&J dwnmissffiiThJ Ihe Orftr Igtxjn Residential CL¥nplex a spTra mikstrne in chw¢h's expansion. This facilty stsndB gs a symt(>l of r glI¥j minfjty. to exteThJ wr aThJ fufd mksskn rnor¢ swls to ChtsL house of God 8rx1 their imFpd WAI be x¥ty msl . SpAp. Scthn. Treasur may their souls rost tn [(.
We wdccffl&J 8 W wrterim Dirthfrcffi the fin8rn tjepartmwrt Motherfiti fyisafe - We are akn imman88ty prd of tyjr Fironee team by Nknthèr Mtriam Sonaiya. In comyykance with 9)vernml and th¥ity rwIa1ns for Ihe frJrth w njrmiro cntinU• lo submll our financkg18CCOLmts 8nd rswrts t4fNo tho due braaknNJ tnhontod record5 of Lqte submissK)$, late fees. ovgrttme etc. It i% a rd are IKJth tr) • successlul BBQ aThJ Famty Oay. A rec(d rKJmlY of sthr thurehes. neightJrs and the communty attended the BBQ to Sam0 al (kffer¥nt tw ofddwxies aThJ var)UB thklrgn's events. . Th& Board of Trustees has aLg) (rmlinu1 ts cJ)mmrtmentto Yrj. T1r@ aN1 c£k8brdllThJ ourvolunteers and church thers, tho )eatyAWARDS t)AY ackn4gij the . Ihle cInUe to wte LrU•s wJr£ws, in eMF1j tyjr memtms tor Iheir cornmitm8rrt to Ge<1 in thk% ern ¥tsTe is unfasPJ to te ¥•lih JESUS OUT Sunday has to sao a And thè hav• et)tinul trj champi thSngs SF4ritual. Their energy, crgobmty. aThJ passvy) h8ve b8an a dThi)g church, knspilng all ggrvarations. This , sryth 8mbarka r a sFrfritualty 8Twithire T8treal furthaf d08p8n8d Ihwf8Trth cThnmÉtm8ntto ts TAxxtt to bring gb)ry to GcJ in all that th). Flnalty. A8 Apoth wrLè to 6..10 i•t not tecome ¢Siry at the priw time vhl reap a harnest ncrt gNe UP. bthJ to the iwnibyd bekelvs. l tske tÉrne to enctyjrwje notto Gods bè t1rdgl in ts Lrd Fal858 Trustee
NEW COVENANT CHERUBIM & SERAPHIM MOlEF CHURCH I A CHARITABLE COMPANY LwrrED BY GUNTE£} Indwndent auditorfs rnport to tho mwnbw8 of NEW COVENAMT CHERUBIM & SERAPHIM MOVEME14T CHURCH We have audit&J tr finanrAal SlatwlS c NEW COVENPtrff CHERUBIM & SERAPHIM CHiRCH I 'wmpanll for the y8ar ed 31 2023 thk the Ststem ts Strtsn of finon¢i Statet8, of kx)LYass. Th8 firwn(aal fr¥r[k has boBn akwld In Ihdr ts Kwwom A¢¢nting Stsn(lords, FRS 102 Tr Financial RaportsTrJ s18rWJd UK and Iho Rewblic rf Ird8nd luftld Wom Gmally AccaO• Jntkng Pr•(xl. In cyinK)n the finants ¥tstwnuts." . f8ir¥lwwc4 fv slale 15 811sa5 8131 D¢c•thr2023 •¥J c4 ryofftkjrtha ywr Ba81• for oplnlo We conducted rmjr audit in xxydanr2 bwr%thnal slad8 C knivvJ K) IIS4s IUK)) applcat48 Lww. Our rd8vant to ftsjr wdit of Ihe fin&rKial slatwrffjnts Ml Ihe LN( th8 FRC'S EtfLd Slaryjard. and have frjlfilknl our other ethic81 mspJnsible¥ in 8cwrdarTh wtth th88e WLJlrfits. wts bve Ihot the ovklwKe we h CtyKluslon• rewlng to gryng ¢orK•m tha( IndM(knUy cc418dNely, may cast sw4knt ¢kxtht N the lty to c£)tknue as a WrvJ concwn for a auditorf$ report therw. The directtys ar8 reskxxwbla fot lh8 Othw Infrffiwti I1h1n the an[1 W. O We ha to reF*XI In IhlB rBg•rd.
NEW COVENANT CHERUBIM & SERAPHIM IAOVEMEKf CHURCH { A cHARABLE COMPANY UMrrED BY GUARfEEl Indopondgnt audltoes report tr tho mamb•rn ot NEW COVEMAprf CHERUBIM & SER11 MOVEMEiif CHURCH report to rf. in Jr otinKffj.' t¥anthes by L.. materid misstatemort du• to frafj cr w•J lo an re1 Ihat hxaudes wr Lwntfi. IrreouLqriti6s. indudlr¥J frawl. irtstsrtss of d wJL81kns. W8 deslw rycrlure8 In 11 Afurther ol wr res9118S Ihe &Klii rAlhe statwrnts is on Firal Rewbn9 This ry)ort * m•J& sdety b) the m8rrthw5. as a b)Jy. kn dance llh CfApter 3 rl Part 18 cl Ihe jS8nhN Ststrjtsyy knYorl and on behaLf ol Harn Limit1 TIA6 & siatUtrryAthtor Septembar %)24 261 Green Lan8S N134XE
NEW COVENAKf CHERUBIM & SERAPHIM MOVEMENT CTrKIRCH A CHARrrABLE COMPANY LthlffED BY GUARW¥TEE) Inwn• Statèmoftt for the ond8d 31 DeMb•r 2023 2022 Incom• 433,193 (372H12) (262,616) 85.4 170.577 ExtharKJe gain81(kws) 1fttet rtt8iv8t4e Intergst payaLIg IX).5421 28.278 {36.015} 12.066 5,912 120,5921 57217 167,963 In¢4yM forth•financlJl 57,217 167.963
NEW COVENAKf CHERUBIM & SERAPHN MOVEMEp¥f CHURCH { A CHARITABLE COMPANY LIMrrED BY GUARANTEE) Statemont of Comprnhenslve Income for Iho year ended 31 DMb 2023 Incom• fortholln•ncW $7217 167.963 5T217 167.963 10
NEW COVENANT CHERUBIM & SERAPHIM MOVEMENT CHURCH I A cHAftiTLE COMPANY LIMrrED BY GUAIANTEÉ) statement of Financial Position at 31 D•Gembor 2023 2022 Flx•d assets Tangltle assets 2.031294 2,C62.942 st¢xks D¢btors Cash at bth( 8ffjd in hwvj 3.091 851.394 89).531 763.951 825.130 Cr•dltors'. amounts f*Mlng du• wlthln on• ar 1145,WJ11 1122,4031 7414.630 702,727 1775.924 2,755,869 Cmdltorn: amount• tallkty du• 10 (420.051} (458.81n 1355.873 2,852 Unrestslraa1 Furvts.. 11 2,1X)5.545 1.948.328 Futxl 12 348,524 Totsl •qulty 1355.873 Mrs (Juwaknfv Fakne Tntsfae 11
NEW COVENANT CHERUBVA & SERPPHIM IAOVEIDU CTrWRCH I A CHRThBLE COIAPANY UMITED BY GU*R4KfE 8tJtsmèNt of Changes In Equlty lor thg •ndQd 31 D•c•mber 2023 T¢>MI Fun At l Januwi 202Z 19W328 348.524 2296.852 Al 1 J•numT 2023 1.51&328 318.524 2296,&fj2 57217 57217 I5.545 2,355.873 12
NEW COVENANT CHERUBIM & SERAPHIM MOVEMENT CHURCH I A CHARrrABLE C¢)MPANY LwAfTED 8Y GUARlTEEl Notss to the puout Ird8nd. Fr8th)Id 1xJild Le•$8hold land aTrJ trtubJiYJs 15% wannum a bsl8nc8 bg5i¥ FixbJ¥es. fi98. tc<4$ and uXt arw in tte rw)ised k*¥. w¥ indLkl8d in Ih6 txthiiand ktss d and thbtru1 del 13
NEW COVENANT CHERUBIM & SERAPHIM MOVEMEKf CIKIRCH { AcHAMfABLE COMPANY LMrrED BY GURA)ITEEi Not•s to the knunts for yow •ndod 31 I)oc•m202S F•fjods. A current la% asset VJ remriJ n r85ra d a lax thai ¢arrd ( to Iti85 are Dot rk$rn. t the rewbry da as 8 $t d 8 FOSt it I1ble ben8frt ill dhts of the transac1b. inodantal to 0th8r kn$6s are d#sfi&J 85 ewatirrfJ loases. Th& r¥hts Lrf use ar¥J igathYW mY8r th585 are rwrNJ a5 a&ts aTrS Jwnts ww81 [Cti In the coJtsknr¥J liat41ty fate fnetrK. Theffinw Is 14
NEW COVENANT CHERUBIM & SERAPHIM MOVEMEKf CHURCH { AcHARITLE COMPANY uMifED BY GUARANTEE) Notes to thg Accounts 2 An116 of Inc¢m• 393.gT2 635 4S7.998 433,193 UK 28,764 28.764 Bonefits wd E¥p¢n888 2022 Nb 38,015 15
NEW COVENANT CHERUBIM & SERAPHIM MOVEM CHLIRCH I A CHARIT COIAPANY LVArrEO BY GUlANTEE} Not•5 tr1 th• nts for the yow •nd•d 31 Dwb•r2023 fj Tnllibl•flxl •Mels Iiitfjng tool$ and •qulpmerrt bulldln V•hkle At 1 Janu 20rJ 143,987 IUJ.th8 2&8,W 2.883.426 56.038 56.038 324,621 2,939.464 I43.7 14X)056 At 1 J¥nU2O23 Charga fortha 10.159 591.870 48.617 640A87 19,120 3.132 13.1)39 )8.170 motsAt 1J).948 133.828 1.79).369 1.838, 17.748 229 2.031.294 59,248 2.052.942 3,09f 5.872 5.120 7.785 15.431 7.513 5.1 7.316 38.139 paywts 51, $7,810 12YJ 691 nounts LhaW(rf ClyJr¢h 62.342 325) Oher crnJ"torB uals 14.739 145.901 8.739 122,403 16
NEW COVENANT CHERUBIM & SERAPHIM MOVEMENT CHURCH I A CHARITABLE COMPANY LIMrrED BY GUAR Nots# to th• Accoun¢s for th• ymr ended 31 D8c•mlw 2023 10 ¢rndltor¥: amourts lallhw du•aft•r•n• Barth mortg4è loa censee¥ deKx)8rft 410.XJ1 9,7) 449.tk97 9,750 4SS.817 W¢xd Green N22 8GZ. 11 unr•¥tr FutrMI¥ Unreslncted Funds 1.948328 57217 1,7KI,365 187,963 At 31 2,(K15,545 1,948.328 1 Janwy Totsl R4¢0 owing Thè Y( 348.524 2544 At 31 D8c•mb 3x1.328 NEW GOVENAMf CHERUBIM & SERAPHIM CkKIRCH16 a by 9u8rantee in Ewland. 18 PrfEI1 plx•of 333 Ro. Wfx#J Grèw. Lcth N22 &L4 17
NEW COVENANT CHERUBIM & SERAPHIII MOVEMEiif CHURCH Detallod Income and expendlture account for the yeaT •nded 31 Dgc•mb•r 2023 2023 IneorTr• 433.193 IminSstrativè 8xw88S {372.9)2) 1282.6181 170.577 Ex£knae gains Inierest feceiw Inter8¥t payable (20.5421 28.278 136.015) 12,L 5.912 120.5921 Incom• for th• 57217 I67.3 18
NEW COVENANT CHÉRUBIM & SERmIll IAOVEM&Yf CTrKIRCH D•talled Ineom• and •xp•ndlturg •¢¢ou for th• y4ar end•d 31 D•¢•nkn 2023 418. 1,193 433,193 16x3 Hall 7.913 .115 JJ44 11,672 11 9.718 168 2,717 17. 2B,754 W*er, Lth1al Heat 4,118 3,786 &036 11137 la61 1.351 31.897 1.748 2.163 5.518 24.119 21.2&fj 5,130 11.1 261618 3TIgY2 261616 19