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2024-09-30-accounts

Charity No: 1144631

FLAME PENTECOSTAL CHURCH OF CHERUB SERAPHIM MOVEMENT BIRMINGHAM

TRUSTEES REPORT AND FINANCIAL STATEMENTS

For the year ended 30th September 2024

1

FLAME PENTECOSTAL CHURCH OF CHERUBIM & SERAPHIM MOVEMENT

FLAME PENTECOSTAL CHURCH OF CHERUBIM & SERAPHIM MOVEMENT
Statement of Financial Activities (including Income and Expenditure Accounts)
For the year ended30th September 2024.
CONTENTS 2
Legal and administrative information 3
Trustee's rew 3 - 5.
Independent Examiner’s Report 8
Statement of Financial Activities 7
Balance Sheet 8
Notes forming part of the financial statements 9-14.
The following pages do not form part of the statutory accounts
Detailed income and expenditure account 15

2

FLAME PENTECOSTAL CHURCH OF CHERUBIM & SERAPHIM MOVEMENT LEGAL AND ADMINISTRATIVE INFORMATION For the year ended 30th September 2024

Trustees 1 Apostle Edobor Okundaye 2 Lady Evangelist Toyin Omoniyi 3 Senior Lady Leader Sandra Okundaye 4 Mrs Deleisha Forsythe 5 Chisom Golden Wagwu 6 Lady Leader Jasvinder Kaur 7 Mrs Natalie Glenn Charity No: 1144631 Registered Office 276 Monument Road Edgbaston Birmingham B16 8XF Chair Most Senior Apostle Edobor Okundaye Accountants Jecom & Co Incorporated Financial Accountants (IFA) 276 Monument Road Edgbaston Birmingham B16 8XF Bankers HSBC Bank LLOYDS BANK

3

FLAME PENTECOSTAL CHURCH OF CHERUBIM & SERAPHIM MOVEMENT

Trustee's report For the year ended 30th September 2024

The Board of Trustees

submit their annual report and the financial statements of Flame pent4ecostal church of C & S (the charity)

for the year ended 30th September 2024. The Board of Trustees confirm that the annual report and financial statements

of the Charity comply with current statutory requirements, the requirement of the Charity's governing document and the provisions of the Statement of Recommended Practice (SORP) "Accounting and Reporting by Charities issued in October 2000.

Method of appointment or election of Trustees

The Management of the Charity is the responsibility of the Trustees who are elected

and co-opted under the terms of the constitution.

Constitution policies and objectives

Flame Pentecostal Church of Cherubim & Seraphim Church Movement Birmingham UK is a registered charity.

The principle object of the Charity is to organise church services, community services, mentoring and advice nursery and teaching of children, adult and youth

There have been no changes in the objectives since the last annual report.

Organizational structure and decision making

The organization of the Charity is controlled by the members of the Board of Trustees.

Review of activities

During the year the Charity received a total of £54,414 from donations and other

sources. The financial results for the year are shown in the annexed accounts

Reserves policy

It is the policy of the Trustees to work towards holding the minimum reserves necessary to enable the Charity to meet its commitments for a minimum period of three months.

4

FLAME PENTECOSTAL CHURCH OF CHERUBIM & SERAPHIM MOVEMENT

Trustees'S REPORT For the year ended 30th September 2024.

Trustees's responsibilities

Charity law applicable to charities in England/Wales requires the Management Committee to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the surplus or deficit of the Charity for the period. In preparing those financial statements the Trustees have

The Trustees have overall responsibility for ensuring that the charity has an appropriate system of controls, financial and otherwise. They are also responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the detection and prevention of fraud and other irregularities. These account has been delivered in accordance with the provisions applicable to chariries subject to the small companies regime.

The report was approved by the Trustees on 20th November 2024 and signed on its behalf

Apostle Edobor Okundaye Chairman

5

FLAME PENTECOSTAL CHURCH OF CHERUBIM & SERAPHIM MOVEMENT

Independent Examiner’s Report to the trustees of Flame Pentecostal Church of Cherubim & Seraphim Movement Birmingham UK For the year ended 30th September 2024.

I report on the accounts for the year ended 30th September 2024 which are set out on page 6 to 14 Respective responsibilities of trustees and examiner

The charity’s trustees consider that an audit is not required for this year (under section 43(2) of the charity Act 1993 (the Act) and that an independent examination is needed. It is my responsibility to:

Examine the accounts (under section 43 of the Act), to follow the procedures laid down in the general Directions given by the Charity Commission (under section 43(7)(b) of the Act), and to state whether particular matters have come to my attention.

Basis of Independent examiner’s report

My examination was carried out in accordance with General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The

procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a true and fair view and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In the course of my examination, no matter has come to my attention:

1. Which gives me reasonable cause to believe that in, any material respect, the requiremen

to keep accounting records in accordance with section 41 of the Act; and to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 1993 Act; have not been met; or

  1. To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

J. Okundaye AFA FFTA FIAB

Jecom & Co Incorporated Financial Accountants 276 Monument Road

Edgbaston Birningham B16 8XF

6

FLAME PENTECOSTAL CHURCH OF CHERUBIM & SERAPHIM MOVEMENT

STATEMENT OF FINANCIAL ACTIVITIES For the year ended 30th September 2024.

Note
INCOMING RESOURCES
Donations legacies and similar incoming
resources
2
RESOURCES EXPENDED
Charitable expenditure:
Cost of activities in furtherance of the
charity's objects
Support costs for grants and activities
3
Resources expended on managing and
administering the charity
4
TOTAL RESOURCES EXPENDED
5
IN TOTAL FUNDS FOR THE
YEAR - NET INCOME/(EXPENDITURE)
FOR THE YEAR
TOTAL FUNDS AT 1 October 2023
TOTAL FUNDS AT 30th September 2024
Restricted
Unrestricted
Total
Funds
Funds
Funds
2024
2024
2024
£
£
£
54414
54414
0
54,414
54,414
21,923
21,923
31521
31521
2151
2151
0
55,596
55596
13,661
13,661
0
4693
4693
0
13,661
13,661

The Statement of Financial Activities includes all gains and losses recognized in the year The notes on page 10 to 15 form part of these financial statements

7

FLAME PENTECOSTAL CHURCH OF CHERUBIM & SERAPHIM MOVEMENT

BALANCE Sheet As at 30th September 2024.

FIXED ASSETS
Note
Tangible fixed assets
8
CURRENT ASSETS
Debtors
9
Cash at Bank and in Hand
CREDITORS - Amount falling due
10
within one year
NET CURRENT ASSETS
NET ASSETS
12
CHARITY FUNDS
Restricted Funds
11
Unrestricted Funds
11
29673
29673
0

The Trustees have:-

The financial statements were approved by the Trustees on the 20th November 2024 And are signed on their behalf by:

Apostle Edobor Okundaye

Chair

The notes on pages 10 - 15 form part of these financial statements

8

FLAME PENTECOSTAL CHURCH OF CHERUBIM & SERAPHIM MOVEMENT NOTES TO THE FINANCIAL STATEMENTS For the year ended 30th September 2024.

1 ACCOUNTING POLICIES

1.1 Basis of preparation of financial statements

The financial statements have been prepared under the historical cost

convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective June 2002). The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP). "Accounting and Reporting by Charities" published in October 2000,

1.2 Charity Status

The members of the charity are the trustees named on page 1 in the event of the Charity being wound up.

1.3 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the Charity and which have not been designated for other purpose.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors which have been raised by the Charity for particular purposes. The cost of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

1.4 Incoming resources

All incoming resources are included in the Statement of Financial Activities when the Charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Gifts in kind donated for distribution are included at valuation and recognized as income when they are distributed to the projects. Gifts donated for resale are included as income when they are sold. Donated facilities are included at the value to the Charity where this can be quantified and a third party is bearing the cost. No amounts are included in this financial statements for services donated by volunteers.

9

FLAME PENTECOSTAL CHURCH OF CHERUBIM & SERAPHIM MOVEMENT

NOTES TO THE FINANCIAL STATEMENTS For the year ended 30th September 2024.

Intangible income, which comprises donated services, is included in income at a valuation which is an estimate of the financial cost borne by the donor where such a cost is quantifiable and measurable. No income is recognized where there is no financial cost borne by a third party.

Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognized at the time of the donation.

1.5 Resources expended

All expenditure is accounted for on an accruals basis and has been included under expense categories that aggregate all costs for allocation to activities. Where costs cannot be directly attributed to particular activities they have been allocated on a basis consistent with the use of the resources.

Fund-raising costs are those incurred in seeking voluntary contributions and do not include the costs of disseminating information in support of the charitable activities. Support costs are those costs incurred directly in support of expenditure on the objects of the Charity and include project management carried out at Headquarters. Management and administration costs are those incurred in connection with administration of the Charity and compliance with constitutional and statutory requirements.

1.6 Cash flow

The financial statements do not include a cash flow statement because the charitable charity, as a small reporting entity is exempt from the requirement to prepare such a statement under the Financial Reporting Standard for Smaller Entities (effective June 2002).

1.7 Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets less their estimated residual value over their expected useful lives on the following basis:

Motor Vehicle
- 25% Straight line
Furnitures and Fixtures
- 25% Straight line
Office Equipment
- 25% Straight line

10

FLAME PENTECOSTAL CHURCH OF CHERUBIM & SERAPHIM MOVEMENT

NOTES TO THE FINANCIAL STATEMENTS For the year ended 30th September 2024.

2 DONATIONS, LEGACIES AND SIMILAR INCOMING RESOURCES DONATIONS, LEGACIES AND SIMILAR INCOMING RESOURCES
Restricted Unrestricted Total Total
Funds Funds Funds Funds
2024 2024 2024 2023
£ £ £ £
Grants 0
Government grants 0
0 0 0 0
3 SUPPORT COSTS FOR GRANTS AND ACTIVITIES COSTS FOR GRANTS AND ACTIVITIES
Restricted Unrestricted Total Total
Funds Funds Funds Funds
2024 2024 2024 2023
£ £ £ £
Printing postage & stationary 664 664 250
Substriction 1600 1600 30
Light & Heat 2963 2963 1745
Bank charges and loan 5022 5022 5981
Property rent 6,432 6432 6296
Protective Cothings 850 850 50
Toiletories & first aid 575 575 20
Charity 4447 4447 0
Insurance 320 320 184
Advertisement 0
Travel and subsistence 1192 1192 1192
Repairs & maintenance 4558 4558 17577
Functions 2898 2898 1745
Total 0 31521 31521 35071

11

FLAME PENTECOSTAL CHURCH OF CHERUBIM & SERAPHIM MOVEM NOTES TO THE FINANCIAL STATEMENTS For the year ended 30th September 2024.

4 RESOURCES EXPENDED ON MANAGING AND ADMINISTERING THE CHARITY

Restricted Unrestricted Total Total
Funds Funds Funds Funds
2024 2024 2024 2023
£ £
£
£
Sundries 0 0 0
Audit & Accountancy fees 1,200 1,200 1200
Professional fees 600 600 200
Telephone 213 213 792
Depreciation - motor vehicles 0
Depreciation - office equipment 97 97 129
Depreciation - fixtures & fittings 41 41 55
Total 0 2151 2151 2376
5 ANALYSIS OF RESOURCES EXPENDED BY EXPENDITURE TYPE
Staff Costs Depreciation Other Costs Total Total
2024 2024 2024 2024 2023
£ £ £
£
£
Voluntary Expenses
Support costs for grants and
activities 5,280 31,521
31,521
35071
Resources expended on managing
and administering the charity 2151 2151
2376
2376
Total Resources Expended £5,280 2151 33673
33897
37447
This is stated after charging
Depreciation of tangible fixed assets
owned by the charity
Audit & Accountancy fees
Professional fees
Total
Total
2024
2023
£
£
97
184
1200
1200
600
200
1897
1584

12

FLAME PENTECOSTAL CHURCH OF CHERUBIM & SERAPHIM MOVEM

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 30th September 2024.

During the year no Trustees received any remuneration (2024 - £NIL)

During the year no Trustees received any benefit in kind (2024 - £NIL)

During the year no Trustees received any reimbursement of expenses (2023 - £NIL)

7 STAFF COSTS AND NUMBERS

Staff costs were as follows 2024 2023
£ £
Voluntary Expenses/wages 5,280 200

The average monthly number of employees during the year was as follows

2024 2023
Administrative 1 1

No employee received remuneration amounting to more than £50000 in either year

8
TANGIBLE FIXED ASSETS
Cost
At 1 October 2023
Addition in year
Depreciation
At 1 October 2023
Charge for the year
At 30th September 2024
Net book value
At 30th September 2024
At 30th September 2023
9 DEBTORS
Due within one year
Debtors
Cash in hand and at bank
Motor
Equipment
Fixtures &
Total
Vehicles
Fittings
£
£
£
£
0
388
165
553
0
0
0
0
Motor
Equipment
Fixtures &
Total
Vehicles
Fittings
£
£
£
£
0
388
165
553
0
0
0
0
0
388
165
553
0
97
41
138
0
0
0
0
0
97
41
138
0
291
124
415
0
388
165
553
2024
2023
£
£
29673
1370
29673
1370

13

FLAME PENTECOSTAL CHURCH OF CHERUBIM & SERAPHIM MOVEMENT

NOTES TO THE FINANCIAL STATEMENTS For the year ended 30th September 2024.

10 CREDITORS
Amount falling due within one year
Bank Loan and overdrafts
Accruals
Tax & National Insurance Contribution
11 STATEMENT OF FUNDS
2024
2023
£
£
15000
17491
0
0
£15,000
£17,491
Brought
Incoming
Resources
Carried
Forward
Resources
Expended
Forward
UNRESTRICTED FUNDS
£
£
£
£
General Funds
47341
54414
40753
61002
General Fund 1
Subtotal
47341
54414
40753
61002
RESTRICTED FUNDS
Restricted Funds
0
0
0
0
SUMMARY OF FUNDS
£
£
£
£
General Funds
41058
54414
40753
41058
Restricted Funds
Total of Funds
41058
54414
40753
54720
12 ANALYSIS OF NET ASSETS BETWEEN FUNDS
Restricted
Unrestricted
Total
Total
Funds
Funds
Funds
Funds
2024
2024
2024
2023
£
£
£
£
Tangible fixed assets
415
415
738
Debtors due after more than 1 year
Current assets
29673
29673
1370
Creditors due within one year
0
Total
0
30088
30088
2108
Brought
Forward
£
Incoming
Resources
Carried
Resources
Expended
Forward
£
£
£
47341 54414
40753
61002
47341 54414
40753
61002
0 0
0
0
£ £
£
£
54414
40753
41058
41058
41058 54414
40753
54720
0
30088
30088
2108

14

FLAME PENTECOSTAL CHURCH OF CHERUBIM & SERAPHIM MOVEMENT

DETAILED INCOME AND EXPENDITURE ACCOUNT For the year ended 30th September 2024

|Fund
30th September 2024 30th September 2023
INCOME
£
£
Thithes and offerings
43121
58,052
Gift aid
11293
6,011
Building Appeal Funds
Voluntary Donations
Income from community Activities
-00
54414
54414
64,06364,063
LESS : EXPENDITURE
Property rent and rate
6432
6,296
Light & Heat
2963
1,745
Printing, Postage & Stationery
664
250
Repair and renewals
4558
Building Services and maintainance
1800
39,300
Subscription
1600
30
Charity
4447
-00
Wages and salaries
5280
200
Insurance
320
184
Toiletories and first aid
575
20
Travel and subsistence
1192
1,192
Telephone & Fax
213
792
Professional fees
600
200
Audit & Accountancy fees
1200
1,200
Protective clothings
850
50
Sundries
0
-00
Functions
2898
1,745
Bank Charges & Loan
5022
5,981
Depreciation - motor vehicles
0
-00
Depreciation - office equipment
97
129
Depreciation - Fixtures and fittings
41
55
TOTAL EXPENDITURE
£
40753 <br>59370<br>NET INCOME FOR THE YEAR<br>13,661<br>£<br>4,693|Fund<br>30th September 2024 30th September 2023<br>**INCOME**<br>£<br>£<br>Thithes and offerings<br>**43121**<br>**58,052**<br>Gift aid<br>**11293**<br>**6,011**<br>Building Appeal Funds<br>Voluntary Donations<br>Income from community Activities<br>**-00**<br>**54414**<br>**54414**<br>**64,06364,063**<br>**LESS : EXPENDITURE**<br>Property rent and rate<br>**6432**<br>**6,296**<br>Light & Heat<br>**2963**<br>**1,745**<br>Printing, Postage & Stationery<br>**664**<br>**250**<br>Repair and renewals<br>**4558**<br>Building Services and maintainance<br>**1800**<br>**39,300**<br>Subscription<br>**1600**<br>**30**<br>Charity<br>**4447**<br>**-00**<br>Wages and salaries<br>**5280**<br>**200**<br>Insurance<br>**320**<br>**184**<br>Toiletories and first aid<br>**575**<br>**20**<br>Travel and subsistence<br>**1192**<br>**1,192**<br>Telephone & Fax<br>**213**<br>**792**<br>Professional fees<br>**600**<br>**200**<br>Audit & Accountancy fees<br>**1200**<br>**1,200**<br>Protective clothings<br>**850**<br>**50**<br>Sundries<br>**0**<br>**-00**<br>Functions<br>**2898**<br>**1,745**<br>Bank Charges & Loan<br>**5022**<br>**5,981**<br>Depreciation - motor vehicles<br>**0**<br>**-00**<br>Depreciation - office equipment<br>**97**<br>**129**<br>Depreciation - Fixtures and fittings<br>**41**<br>**55**<br>TOTAL EXPENDITURE<br>£<br>40753
59370
NET INCOME FOR THE YEAR
13,661
£
4,693|Fund
30th September 2024 30th September 2023
INCOME
£
£
Thithes and offerings
43121
58,052
Gift aid
11293
6,011
Building Appeal Funds
Voluntary Donations
Income from community Activities
-00
54414
54414
64,06364,063
LESS : EXPENDITURE
Property rent and rate
6432
6,296
Light & Heat
2963
1,745
Printing, Postage & Stationery
664
250
Repair and renewals
4558
Building Services and maintainance
1800
39,300
Subscription
1600
30
Charity
4447
-00
Wages and salaries
5280
200
Insurance
320
184
Toiletories and first aid
575
20
Travel and subsistence
1192
1,192
Telephone & Fax
213
792
Professional fees
600
200
Audit & Accountancy fees
1200
1,200
Protective clothings
850
50
Sundries
0
-00
Functions
2898
1,745
Bank Charges & Loan
5022
5,981
Depreciation - motor vehicles
0
-00
Depreciation - office equipment
97
129
Depreciation - Fixtures and fittings
41
55
TOTAL EXPENDITURE
£
40753 <br>59370<br>NET INCOME FOR THE YEAR<br>13,661<br>£<br>4,693|Fund<br>30th September 2024 30th September 2023<br>**INCOME**<br>£<br>£<br>Thithes and offerings<br>**43121**<br>**58,052**<br>Gift aid<br>**11293**<br>**6,011**<br>Building Appeal Funds<br>Voluntary Donations<br>Income from community Activities<br>**-00**<br>**54414**<br>**54414**<br>**64,06364,063**<br>**LESS : EXPENDITURE**<br>Property rent and rate<br>**6432**<br>**6,296**<br>Light & Heat<br>**2963**<br>**1,745**<br>Printing, Postage & Stationery<br>**664**<br>**250**<br>Repair and renewals<br>**4558**<br>Building Services and maintainance<br>**1800**<br>**39,300**<br>Subscription<br>**1600**<br>**30**<br>Charity<br>**4447**<br>**-00**<br>Wages and salaries<br>**5280**<br>**200**<br>Insurance<br>**320**<br>**184**<br>Toiletories and first aid<br>**575**<br>**20**<br>Travel and subsistence<br>**1192**<br>**1,192**<br>Telephone & Fax<br>**213**<br>**792**<br>Professional fees<br>**600**<br>**200**<br>Audit & Accountancy fees<br>**1200**<br>**1,200**<br>Protective clothings<br>**850**<br>**50**<br>Sundries<br>**0**<br>**-00**<br>Functions<br>**2898**<br>**1,745**<br>Bank Charges & Loan<br>**5022**<br>**5,981**<br>Depreciation - motor vehicles<br>**0**<br>**-00**<br>Depreciation - office equipment<br>**97**<br>**129**<br>Depreciation - Fixtures and fittings<br>**41**<br>**55**<br>TOTAL EXPENDITURE<br>£<br>40753
59370
NET INCOME FOR THE YEAR
13,661
£
4,693| |---|---|---|---| ||11293||| ||-00||| ||54414||64,06364,063| ||6432
2963
664
4558
1800
1600
4447
5280
320
575
1192
213
600
1200
850
0
2898
5022
0
97
41
£||6,296
1,745
250
39,300
30
-00
200
184
20
1,192
792
200
1,200
50
-00
1,745
5,981
-00
129
55
`
59370
£
4,693| |||13,661||

15