NEW COVENANT CHERUBIM & SEFL4PHIM MOVEMENT CHURCH
I A CHARrrABLE COMPANY Um￿ED 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 CH*RrrABLE COMPANY LIMffED BY GlI￿A￿T
Report and acGounts
Contants
Company irtsmatK
IFKlewd8nt r8p¢¥t
Inccffje slatsment
10
Statemgnl F￿1
Statwnerrt dthanges in
to the flnanoal statwn*ts
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}
S￿e￿al AW Otadlpo JaJod# I c1wj￿ P88k¥)
r Michael Aiibcla Athkurde Akande (Membwl
Mts Bosède AdèLK)la ljelu {MemLwl
Mr olabjnt0s￿ IS&yeW)
Mr OlabJntrK6un TC￿Pe Aijwe IS•}
Audltor¥
SM Harman ￿m￿￿j TIAS Harman & Co
Charterèd AcC￿nIants & Rg3i8tsr8d I￿￿C¥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 coMpl￿y uiwfED BY 13UA9AKr
Rggi8t•r8d Nun&)8r C6765744
2013. The f*witth (thi￿nY has ￿ sh*0 w4121, ixjt kn the of ￿.
rr*rnb6rs' I*￿￿ to Tert rIx￿5 W10}.
Tnth Indu¢thn and Tndnl
Jc4nty the Churth P88kn Ch* Lrf Ihe TrlTht￿. knkated by
drA*ri￿ ￿ prir￿1[AÈs ofow f84h.
TnJ5t8es l•d by the

NEW COVENANT CHERUBIM & SERAPHIM IIOVEMEiifcHURCH
Reg￿tere(j Nunknr C*785744
W¢ mak8 ￿ a Ont (A to wdat8 m&nber5 d key *iskJnB (* Bcwd. The Pijgrd
Mrs (Juwatoon Falpse l
Mr￿a10k• John¥￿ Ch*"rnl
Sper481 WoAJlr•J 0￿￿Vj J*JÈde l thurr* Pa
￿lt￿8 A￿kUn￿ thndo Imthrl
*5 ljdu (Memberl
OL8￿nb￿￿ T(lU￿ Isetrwlwy)
uiwd kn..

NEW COVENANT CHERUBIM & SERAPHIM MOVEMENT CHURCH
I A CIlARfT￿ELE 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 cc￿lin￿811Y 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 c￿￿11 for their
um¥averlng 8plrlbJa gLydan¢x and wayvs. Your ￿adership hwe baan Wroc
UF￿ vknith our chLwth trwiw. l 819) (£fflmend thg ha*ts of units, batNJ caFthns.
811 ¥0￿rrt88ts for thelr sleajlast tyebess Tr￿M￿ent trj the various mffii%lMs
ithln our chvrth. Youf effc*ts ￿ leadw¥J. ha¥e ¢))ntr&￿ to
grthyth antl c¥xvJrtyatKW).
the frf8 of our church. Wh8lhar thrcvJh vc4uFrteeriThJ. *iendtNJ seNc*. or suptthing w In*ball￿,
￿nIn1￿j￿"0n6 hav8 teen invaluable. Yow kwe for the L￿d and Hi5 p￿￿48 is thyent. and rt .
this bve that churth 1&w￿.
We Ihe BOT 8rg in rArfiflh n￿n1￿J. as ar￿ fm d&￿bI*l w*ith 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 r13WE7aJrK*x yiiB¥itl IUXI LMW&YIIy5 ILY WLWL¥I. VY¥
dd*3hted to share thai o¥er 60 memberB jtyned NC C￿Tch famty, aeearthng to th8
statisucs kn our put1￿ R8lakffLq UnlL TNS Is a lestsment to Gc*1's farfhfvdw a￿1 lh8 vlbrart
Wel(x￿1n9 spirit of coyg9akn.
. Baba ￿adUr8 At4dffjt of h&J dwnmissffiiThJ Ihe Orftr
Igtxjn Residential CL¥nplex a sp￿Tr￿a* mikstrne in chw¢h's expansion. This facilty stsndB
gs a symt(>l of ￿r g￿lI¥j minfjty. to exteThJ wr aThJ fufd mksskn
rnor¢ swls to ChtsL
house￿ of God 8rx1 their imFpd WAI be x¥*ty m￿s￿l
. SpAp. Sc￿thn. Treasur
may their souls rost tn [￿(*.

We wdccffl&J 8 W wrterim Dirthfrcffi the fin8rn* tjepartmwrt Motherfiti fyisafe
- We are akn imman88ty pr￿d of tyjr Fironee team by Nknthèr Mtriam Sonaiya. In
comyykance with 9)vernm￿l and th¥ity rwIa1￿ns for Ihe fr*Jrth w njrmiro c￿ntinU• lo submll
our financkg18CCOLmts 8nd rswrts t4fNo tho due braaknNJ tnhontod
record5 of Lqte submissK*)$, late fees. ovgrttme etc. It i% a r￿d are IKJth tr)
• successlul BBQ aThJ Famty Oay. A rec(*d rKJmlY of sthr thurehes. neight￿Jrs and the
communty attended the BBQ to Sam￿0 al (kffer¥nt tw ofddwxies aThJ var*)UB thklrgn's events.
. Th& Board of Trustees has aLg) (rmlinu*1 ts cJ)mmrtmentto Y￿￿r￿j. T￿￿1r@ aN1 c£k8brdllThJ
ourvolunteers and church thers, ￿ tho )eatyAWARDS t)AY ackn￿4￿gi￿j the
. Ihle c￿InUe to wte L￿r￿U￿￿￿•s wJr£ws, in eMF￿￿￿1￿j tyjr memtms
tor Iheir cornmitm8rrt to Ge<1 in thk% ern ¥*tsTe is unfasP*J* to te ¥•lih JESUS
OUT Sunday has to sao a And thè hav• et*)tinu￿l trj champi
thSngs SF4ritual. Their energy, crgobmty. aThJ passvy) h8ve b8an a dThi)g church,
knspilng all ggrvarations. This ￿, sryth 8mbark*a r￿ a sFrfritualty 8Twithire T8treal
furthaf d08p8n8d Ihwf8Trth cThnmÉtm8ntto ts TAxxtt
to bring gb)ry to Gc*J in all that th).
Flnalty. A8 Apoth wrL*è 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 t￿￿￿1rdg￿l in ts Lr*d
Fal858
Trustee

NEW COVENANT CHERUBIM & SERAPHIM MO￿lEF￿ CHURCH
I A CHARITABLE COMPANY LwrrED BY GU￿NTE£}
Indwndent auditorfs rnport
to tho mwnbw8 of NEW COVENAMT CHERUBIM & SERAPHIM MOVEME14T CHURCH
We have audit&J tr* finanrAal Slatw￿lS c* NEW COVENPtrff CHERUBIM & SERAPHIM CHiRCH I
'wmpanll for the y8ar ￿ed 31 2023 t*hk* the Ststem￿ ts Strtsn￿ of
finon¢i* State￿t8, of kx)LYass. Th8 firwn(aal fr¥r￿￿[k has
boBn akwl*d In Ihdr ts Kwwom A¢¢n￿ting Stsn(lords, FRS 102 Tr
Financial RaportsTrJ s18rWJ￿d UK and Iho Rewblic rf Ird8nd luftl￿d Wom Gmally AccaO•
Jntkng Pr•(xl.
In cyinK)n the finants￿ ¥tstwnuts."
. f8ir¥lwwc4 fv slale ￿1￿5 811*sa5 8131 D¢c•thr2023 •¥J c4 ryofftkjrtha ywr
Ba81• for oplnlo
We conducted rmjr audit in *xxydanr2 bwr%thnal sla￿d8 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 mspJnsibl￿e¥ in 8cwrdarTh wtth th88e WLJlr￿￿fits. wts b*ve 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￿ I￿1h1n the an[*￿1 W. O
We ha￿ to reF*XI In IhlB rBg•rd.

NEW COVENANT CHERUBIM & SERAPHIM IAOVEMEKf CHURCH
{ A cHAR￿ABLE COMPANY UMrrED BY GUAR￿fEEl
Indopondgnt audltoes report
tr* tho mamb•rn ot NEW COVEMAprf CHERUBIM & SER￿11 MOVEMEiif CHURCH
report to ￿ rf. in ￿Jr otinKffj.'
t¥anthes by L*..
materid misstatemort du• to fra￿fj cr w•J lo an re￿1 Ihat hxaudes wr Lwntfi.
IrreouLqriti6s. indudlr¥J frawl. ￿ irtstsrtss of *d wJL81kns. W8 deslw rycr￿lure8 In 11
Afurther ol wr res￿911￿￿8S Ihe &Klii rAlhe statwr*nts is on ￿ Fir￿￿al 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 knY*orl
and on behaLf ol
Harn￿ Limit￿1 TIA6 &
siatUtrryA￿thtor
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 D￿eMb•r 2023
2022
Incom•
433,193
(372H12)
(262,616)
85.4
170.577
ExtharKJe gain81(kws)
1ftte￿t 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 D￿Mb￿ 2023
Incom• fortholln•ncW
$7217
167.963
5T217
167.963
10

NEW COVENANT CHERUBIM & SERAPHIM MOVEMENT CHURCH
I A cHAftiT￿LE 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 CH*RTh*BLE 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
I￿5.545
2,355.873
12

NEW COVENANT CHERUBIM & SERAPHIM MOVEMENT CHURCH
I A CHARrrABLE C¢)MPANY LwAfTED 8Y GUAR￿lTEEl
Notss to the puout
Ird8nd.
Fr8th)Id 1xJild￿
Le•$8hold land aTrJ trtubJiYJs
15% wannum ￿ a bsl8nc8 bg5i¥
FixbJ¥es. fi￿￿98. tc<4$ and ￿u￿X￿￿t
arw in tte rw)ised k*¥.
w¥ indLkl8d in Ih6 txthiiand ktss
d and th￿btru1 del
13

NEW COVENANT CHERUBIM & SERAPHIM MOVEMEKf CIKIRCH
{ AcHAMfABLE COMPANY LMrrED BY GU*RA)ITEEi
Not•s to the knunts
for yow •ndod 31 I)oc•m￿202S
F•fjods. A current la% asset VJ remri*J n r85r*a d a lax thai ¢arr*d ￿(* to
I￿￿ti85 are Dot rk$r￿n￿￿.
t the rewbry da* as 8 ￿$￿t d 8 FOSt ￿ it ￿ I￿1￿ble ben8frt *ill
dhts of the transac1b￿.
inodantal to 0th8r kn$6s are d#s*fi&J 85 ewatirrfJ loases. Th& r¥hts Lrf use ar¥J
igathYW mY8r th585 are rwrN*J a5 a&￿ts aTrS Jwnts ww81
[￿Cti￿ In the coJtsknr¥J liat41ty fate fnetrK*. Theffinw Is
14

NEW COVENANT CHERUBIM & SERAPHIM MOVEMEKf CHURCH
{ AcHARIT￿LE COMPANY uMifED BY GUARANTEE)
Notes to thg Accounts
2 An1￿16 of Inc¢m•
393.gT2
635
4S7.998
433,193
UK
28,764
28.764
Bonefits wd E¥p¢n888
2022
N￿b
38,015
15

NEW COVENANT CHERUBIM & SERAPHIM MOVEM￿ CHLIRCH
I A CHARIT￿ COIAPANY LVArrEO BY GU￿lANTEE}
Not•5 tr1 th• ￿￿￿nts
for the yow •nd•d 31 Dwb•r2023
fj T*nllibl•flx*l •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¥nU￿2O23
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 L*haW(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 PrfE￿I￿1 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£kna￿e 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 & SER￿mIll 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, Lth1a￿l 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