Registered charity Number 1162245 England and Wales St Michael Church of Christ (Chernbim & Seraphim) London Report and financial statements for the year ended 31 May 2023
St Michael Church of Christ (Cherubim & Seraphim) London Legal and administrative infonnation Trustess Mr Ayotunde Lateef Mrs Esther Olanike Azeez Mojeed Jogbo Ms Sherraine Shermaine Gregory Adjitat Adesanwo Toluwajope Adebinpe Kisombe Mrs Olum'atosin Adewole Magbagbeoluwa Registered charity number 1162245 England and Wales Principal location 14 Neasham Road Dagenham Essex RM8 2LT Accountants Elliot Akins & Co Chartered Certified Accountants 1st Floor, Cavendish House 369 Burnt Oak Broadway Edg,are Middlesex 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 Independent examiner'5 report Statement of financial activities Balance sheet Notes to the financial statements
St Michael Church of Christ (Cherubim & Seraphim) London Trustees report for the year ended 31 May 2023 The trustees present their annual report with the financial statements of the charity for the year ended 31 May 2023 Principal activity The principal activities of the charity continues to be the advancement of the Christian religion in particular but not by way of limitation by Biblical studies, theological education, evangelical training, Christian seminars and conventions. Trustees The trustees in office at the beginning and end of the year, were as follows MT Ayotunde Lateef Mrs Esther Olanike Azeez Mojeed Jogbo Ms Sherraine Shermaine Gregory Adijat Adesanwo Toluwalope Adebinpe Kisombe Mrs Oluwatosin Adewole Magbagbeoluwa Trustees, responsibilities The charity act requires the trustees 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 that year. In preparing those accounts, the trustees are required to: select suitable accounting policies and then apply them consistently; make judgements and estimates that are reasonable and prudent; state whether appLicable accounting standards and statements of recommended practice were used. prepare the financial statements based on the going concern basis unless it is inappropriate to presume that the charity will continue in operation. The trustees are responsible for keeping proper accounting records which disclose w'ith reasonable accuracy at any time the financial positton of the charity and to enable them to ensure that the financial statements comply with the Charities Acts. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. This report was approved by the Board of trustees on 22 November 2024 and signed on their behalf 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 2023 I report on the accounts for the year ended 31 May 2023 which 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. The charity'5 trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the charittes 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 by the Charity Conunission (under section 145(5)(b) of the Charities 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 the 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: . which gives me reasonable cause to believe that in, any material respect, the requirements: to keep accounting records in accordance with 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 been 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 Floor, Cavendish House 369 Burnt Oak Broadway Edgware Middlesex HA8 5A W 23 November 2024 Page 2
St Michael Church of Christ (Cherubim & Seraphim) London Statement of Financi<il Activities for the year ended 31 Ma). 2023 Unrestricted funds RL)Stric ted fund5 Total funds 2023 Total funds 2022 Notes Incoming resources Incc)ming res(iurce5 from generated funds.. Vc)luntar)' income: donations Coronavirus grant Investment income Total incoming resources 29,461 29,461 2b 29,494 29,494 31,360 Resources expended Charitable ac.tivitierf• Religious organisations: donatic)ns Other Lharitable purp()5e5 Relief c)f poverty 1,307 4,540 1,307 4,)40 2,615 1,691 Governance costs: lanagement and admini5trative5 costs Total resources used 22,609 28,4.56 22,609 28,456 27,511 Net incoming resources 1,0.18 .3,849 Net movement in funds 1,0.18 3,849 Balance at l June 2022 14,i7i 14,575 10,726 Balance at 31 May 2023 15.613 15,613 14,575 Page 3
St Michael Church of Christ (Cherubim & Seraphim) London Balance sheet as at 31 May 2023 2023 2022 Fixed assets Notes Tangible assets Current assets Debtors Cash at bank and in hand 10 20,392 20,392 17,804 17,804 Creditors: amounts falling due within one year 11 (4,780) (3,230) Net current assets 15,612 14,574 Total assets less current liabilities 15,613 14,575 Creditors: amounts falling due after more than one year Net assets 15,613 14,575 Reserves Accumulated reserves Deficit for the year 14,575 1,038 10,726 3,849 Total funds 15,613 14,575 The financial statements were approved by the Board of trustees on 22 November 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 (Chernbim & Seraphim) London Notes to the financial statements for the year ended 31 May 2023 1.0 Accounting policies 1.1 Accounting convention The financial statements are prepared under the historical cost convention and in accordance 'ith the Statement of Recommended Practice. Accounting and Reporting by ChaTities (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 less depreciation. Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows: Fixtures and equipment 25% on cost 2a Donations and similar incoming resources 2023 2022 Tithes & Offerings 29,461 29,461 31,359 31,359 2b Activities in furtherance of charitable activities 2023 2022 Coronavirus grant Page 5
St Michael Church of Christ (Cherubim & Seraphim) London Notes to the financial statements for the year ended 31 May 2023 Investment income 2023 2022 Bank interest received 33 Resources expended on charitable activities 2023 2022 Donations 1,307 1,307 2,615 2,615 Resources expended on other charitable activities 2023 2022 Conferences, retreats and anniversaries Transportation 3,086 1,454 4,540 1,279 412 1,691 Resources expended on poverty relief 2023 2022 Hospitality Page 6
St Michael Church of Christ (Cherubim & Seraphim) London Notes to the financial statements for the year ended 31 May 2023 Governance costs: Expenditure on managingladministering the charity 2023 2022 Rent and rates Light and heat Telephone,fax and internet Printing, postage and stationery Repairs and building maintenance Accountancy Subscriptions General expenses 18,600 47 19,242 1,011 278 1,017 220 224 250 2,199 22,609 2,376 23,205 Net movement in funds for the year 2023 2022 Net movement in funds is stated after charging: Depreciation of tangible fixed assets Funds Unrestricted Restricted Funds Funds Total Funds 2023 Total Funds 2022 At 01 June 2022 Surplus for year 14,575 1,038 14,575 1,038 10,726 3,9 At 31 May 2023 15,613 14,575 Unrestricted funds comprise those funds which the trustees are free to use in accordance with the charitable objects. Restricted funds are funds which have been given for particular Purposes and projects. Page 7
St Michael Church of Christ (Cherubim & Seraphim) London Notes to the financial statements for the year ended 31 May 2023 Tangible fixed assets Fixtures and equipment Total Cost at l June 2022 9,680 9,680 At 31 May 2023 9,680 9,680 Depreciation At l June 2022 9,679 9,679 Charge for year At 31 May 2023 9,679 9,679 Net book value At 31 May 2023 At 31 May 2022 2023 2022 10 Debtors Rent deposit 11 Creditors: amounts falling due within one year 2023 2022 Accruals 4,780 4,780 2,880 2,880 11 Creditors: amounts falling due after more than one year 2023 2022 Hire Purchase Page 8
St Michael Church of Christ (Cherubim & Seraphim) London Notes to the financial statements for the year ended 31 May 2023 12 Related party transactions and charges No payment were made to Trustee or any other persons connected with them during this financial year in their capacity as Trustees. No material transactions took place betw'een the charity and the Trustess or any person connected with them. Page 9