Registered charity Number 1162245 England and Wales St Michael Church of Christ (Cherubim & Seraphim) London Report and financial statements for the year ended 31 May 2022
St Michael Church of Christ (Cherubim & Seraphim) London Legal and administrative information Trustess Mr AyotunLle Lateef Mrs Esther Olanike Azeez Mojeed Jogbo Ms Sherraine Shermaine Gregory Adjitat ALlesanwo Toluwalope Adebinpe Kisombe Mrs Oluwatosin AdeM:ole Magbagbec)luwa Registered charity number 1162245 England and Wales Principal location 14 Neasham Road Dagenham Essex RM8 2LT Accountants Illicit Akins & Co Chartered CL)rtified Accountants 1st Floor, Cavendish Hc)use 369 Burnt Oak Broadm'ay Edgware MidLllesex HA8 SAW Bankers National Westminster Bank PIC .32 East Street Barking Essex IGII 8AB
St Michael Church of Christ (Cherubim & Seraphim) London Contents Page Trustees, report Iiidependent examiner's report Statement of financiaI activities BaIance sheet Notes to the financial statements
St Michael Church of Christ {Cherubim & Seraphim) London Trustees report for the year ended 31 May 2022 'I'he trustees present their annual report m.ith the financial statL)ments of the charity for the iiear ended 31 May 2022 Principal activity 'I'he principal activities of the charity continues to be the advancL)ment of the Christian religion in particular but not by M;a)r of limitation by Biblical studies, theological education, evangetical training, Christian seniinars and conventions. Trustees The trustees in office at the beginning and end of the year, M;ere as follows Mr Ayotunde Lateef Mrs Esther Olanike Azeez Mojeed Jogbo Ms Sherraine Shermaine Gregorj, Adijat Adesanw'o Toluw'alope Allebinpe Kisombe Mrs Oluwatosin Adew()IL MagbagbeoIuM'a Trustees, responsibllities The charity act requires the trustees to prepare financial statements for each financial year M'hich give a true and fair view, of the state of affairs of the charitv and of the surplus or Lleficit of the charity for that Vear. In preparing those accounts, the trustees are required to: select suitable accounting pc)licies and then appl), them consistently; make judgements and estimates that are reasonable and prudent. state w,hether applicable accounting standards ancl statements of recommenLled practice w'erL) used. prepare the financial statements based on the gollig concern basis unless It is inappropriate to Presume that the charity w'ill continue in operation. The trustees are responsible for keeping proper accounting records w.hich disclose Myith reasonable accuracy at any time the finaiicial position of the charity and to enable them to ensure that the financial statements comply '1th the CharitiL)s Acts. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable Steps for the prevention and detecti()n of fraud and other irregularities. This report w'as approvecl b)T the B()ard of trUstL$ on 18 SeptL)mber 2024 ancl signed on their behatf by Adijat Adesanwo Trustee Page 1
St Michael Church of Christ (Cherubim & Seraphim) London Independent examiner's report to the trustees/ members of Restoration Outreach Christian Ministry for the year ended 31 May 2022 I report on the accounts for the year ended 31 May 2022 w,hich are set out on pages 5 to 9. Respective responsibilities of trustees and examiner The charity's trustess are responsible for the preparation of the accounts. 'rhe charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (thL> charities Act) and that an independent examination is needed. It is my responsibility to: - examine the accounts under section 145 of the charities Act, to follow the procedures laid down in the general Directions given b), the Charity Commission (under section 145(i)(b) of the Charities Act, and to state whether particular matters have come to my attention. Basis of independent examiner's report My examination w'as carried out in accordance M'ith general Directions given by the Charity Commission An examination includes a review. of the accounting records kept by the charity and a comp)arison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking exF)lanations from the trustees concerning any such matters. The procedures undL)rtaken 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 stateniL)nt below. Independent examiner's statement In the course of my examination, no matter has come to my attention: . which gives me reasonable cause to believe that in, any material respect, the requirements: to keep accounting records in accordance w'ith section 130 of the Charities Act; to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act; have not bL*n met; or 2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Elliot Akinjirin Chartered Certified Accountants 1st Hoor, Cavendish House 369 Burnt Oak Broad'aV Edgware Middlesex HA8 SAW 19 C)eptember 2024 Page 2
5t Michael Church of Christ (Cherubim & Seraphim) London Statement of Financicd Actii'ities for the );ear enLled 31 hla!, 2022 UnTeStric'.ted funL15 Re5tric".ted funLIs Tcilal funds 2022 Total funLIs 2021 Notes Incoming resources Inc()ming resources froni generated funLI.s: Voluntary inc-L)me: donations Coronavirus grant Inve¢•tment income Total incoming resources 31,3?9 31,3?9 26,095 2b 31,.360 31,.360 26,095 Resources expended Charitable activities: Religicius org{ISationS. dc)nati()ns Othcr charitable purposes Relief ()f poverty, 2,615 1,691 2,615 1,691 Governance cost5: NlcillcigemL'nt and admin1stratl'L's CC)sLs Total resource5 used 2.3,20 27,511 23,20) 27,511 24,625 Net incoming resources 1,470 Net movement in funds -3,849 1,470 Balance at l June 2020 10,726 10,726 9,236 Balance at 31 May 2021 14,575 14,575 10,726 Page 3
St Michael Church of Christ (Cherubim & Seraphim) London Balance sheet as at 31 May 2022 2022 2021 Fixed assets Taiigible assets Notes Current assets Debtors Cash at bank and in hand 10 17,804 17,804 13,605 13,605 Creditors: amounts falling due within one year 11 (3,230) (2,880) Net current assets 14,574 10,725 Total assets less current liabilities 14,)75 10,726 Creditors: amounts falling due after more than one year Net assets 14,?75 10,726 Reserves Accurnulated reserves Deficit for the year 10,726 3,849 9,256 1,470 Total funds 14,575 10,726 The financial statements were approved by the Board of trustees on 18 September 2024 and signed on its behalf by. Adijat Adesanwo Trustee The notes on pages 5 to 9 form an integral part of these financial statements Page 4
St Michael Church of Christ (Cherubim & Seraphim) London Note5 to the financial statements for the year ended 31 May 2022 1.0 Accounting policies 1.1 Accounting convention The financial statements are prepared under the historical cost convention and in accordance with the Statement of Recommended Practice. Accounting and Reporting by Charities (SORP 2005). 1.2 Incoming Resources Tithes and offerings: Incoming resources includes collections from tithes and offertories received during the year. Investment income: Investment income consists of bank interest received during the year. 1.3 Resources expended Resources expended inclusive of value added tax are included in the Statement of Financial Activities on an accrual basis. 1.4 Tangible fixed assets and depreciation Tangible fixed assets for use by the charity are stated at cost Iess deprLYiation. Depreciattc)n is provided at rates calculated to wirite off the cost less rL)sidual value of each asset over its expected useful life, as follom's: Fixtures and equipment 25 % on cost Donations and similar incoming resources 2022 2021 Tithes & Offerings 31,359 26,095 26,095 2b Activities in furtherance of charitable activities 2022 2021 Coronavirus grant Page 5
St Michael Church of Christ (Cherubim & Seraphim) London Notes to the financial statements for the year ended 31 May 2022 Investment income 2022 2021 Bank interest received Resources expended on charitable activities 2022 2021 Donations 2,615 2,61 i 2,270 2,270 Resources expended on other charitable activities 2022 2021 Conferences, retreats and anniversaries Transportation 1,279 412 1,691 Resources expended on poverty relief 2022 2021 Hospitality Page 6
St Michael Church of Christ (Cherubim & Seraphim) London Notes to the financial statements for the year ended 31 May 2022 Governance costs: Expenditure on managingladministering the charity 2022 2021 Rent and rates Telephone,fax and internet Printing, postage and static)nery Equipment rental Repairs and building maintenance Accountancy Honorarium General expenses 19,242 1,017 220 18,600 1,039 100 1,223 3iO -330 190 2,376 8?3 Net movement in funds for the year 2022 2021 Net movement in funds is Stated after charging: Depreciation of tangible fixed assets Funds Unrestricted Restricted Funds Fuiids Total Funds 2022 Total Funds 2021 At 01 June 2021 Surplus for year 10,726 3,848 10,726 3,848 9,256 1,470 At 31 May 2022 14,574 10,726 Unrestricted funds comprise those funds which the trustees are free to use in accordance Mijth the charitable objects. Restricted funds are funds w'hich have been given for particular purposes aiid projects. Page 7
St Michael Church of Christ (Cherubim & Seraphim) London Notes to the financial statements for the year ended 31 May 2022 Tangible fixed assets Fixtures and equipment Total Cost at 1 June 2021 9,680 9,680 At 31 May 2022 9,680 9,680 Depreciation At l June 2021 9,679 9,679 Charge for year At 31 May 2022 9,679 9,679 Net book value At 31 May 2022 At 31 May 2021 2022 2021 10 Debtors Rent deposit 11 Creditors: amounts falling due within one year 2022 2021 Accruals 3,230 2,880 2,880 11 Creditors: amounts falling due after more than one year 2022 2021 Hire Purchase Page 8
St Michael Church of Christ (Cherubim & Seraphim) London Notes to the financial statements for the year ended 31 May 2022 12 Related party transactions and charges No pa}Iment were made to TTUStee or any other person5 connected w'ith them during this financial year in their capacity as Trustees. No material transactions took place betm'een the charit)r and thL Tru.stess or any person connected with them. Page 9
St Michael Church of Christ (Cherubim & Seraphim) London Income and expenditure account for the year ended 31 May 2022 2022 2021 Income receivable 31,359 26,095 Administrative expenses Rent and rates Repairs and maintenance Honararium Donations Printing, postage & stationerv Telephone, internet and fax Accountancy Conferences and conventions Subscriptions Travel and motor expenses Sundry expenses Depreciation equipment 19,242 18,600 190 2,270 2,615 220 1,017 330 1,279 350 100 412 2,376 853 27,511 24,625 (Deficit)/surplus 3,848 Interest receivable Bank deposit Coranavirus Grant (Deficit)/surplus for the year 3,849 1,470