**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 2024**
**St Michael Church of Christ (Cherubim & Seraphim) London**
## **Legal and administrative information**
|**Trustess**|Mr Ayotunde Lateef|
|---|---|
||Mrs Esther Olanike Azeez|
||Mojeed Jogbo|
||Ms Sherraine Shermaine Gregory|
||Adjitat Adesanwo|
||Toluwalope Adebinpe Kisombe|
||Mrs Oluwatosin 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|
||Edgware|
||Middlesex HA8 5AW|
|**Bankers**|National Westminster Bank Plc|
||32 East Street|
||Barking|
||Essex|
||IG11 8AB|
**St Michael Church of Christ**
## **(Cherubim & Seraphim) London**
||**Contents**||
|---|---|---|
|||**Page**|
|Trustees' report||**1**|
|Independent examiner's report||**2**|
|Statement of financial activities||**3**|
|Balance sheet||**4**|
|Notes to the financial statements||**5 - 9**|
**St Michael Church of Christ (Cherubim & Seraphim) London Trustees report**
**for the year ended 31 May 2024**
The trustees present their annual report with the financial statements of the charity for the year ended 31 May 2024
## **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
Mr 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 with reasonable accuracy at any time the financial position 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 14 April 2025 and signed on their behalf by
**Adijat Adesanwo Trustee**
Page 4
## **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 2024**
I report on the accounts for the year ended 31 May 2024 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's trustees consider that an audit is not required for this year under section 144 of the
Charities Act 2011 (the 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 by the Charity Commission
- (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:
1. 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 5AW
15 April 2025
**Page 2**
## **St Michael Church of Christ (Cherubim & Seraphim) London**
Statement of Financial Activities for the year ended 31 May 2024
|**Notes**
**Incoming resources**
Incoming resources from generated funds:
Voluntary income: donations
2a
Coronavirus grant
2b
Investment income
2c
**Total incoming resources**
**Resources expended**
Charitable activities:
Religious organisations: donations
3
Other charitable purposes
4
Relief of poverty
5
**Governance costs:**
Management and administratives costs
6
**Total resources used**
**Net incoming resources**
**Net movement in funds**
7
**Balance at 1 June 2023**
**Balance at 31 May 2024**
8|Unrestricted
funds
£
25,098
-
92
**25,190**
2,170
3,940
-
23,392
**29,502**
(4,312)
(4,312)
15,613
**11,301**|Restricted
funds
£
-
-
-
**-**
**-**
-
-
**-**|Total
funds
**2024**
£
25,098
-
92
**25,190**
2,170
3,940
-
23,392
**29,502**
(4,312)
(4,312)
15,613
**11,301**|Total
funds
**2023**
£
29,461
-
33|
|---|---|---|---|---|
|||||**29,494**|
|||||1,307
4,540
-
22,609|
|||||**28,456**|
|||||1,038|
|||||1,038
14,575|
|||||**15,613**|
**Page 3**
## **St Michael Church of Christ**
## **(Cherubim & Seraphim) London Balance sheet**
## **as at 31 May 2024**
|**Fixed assets**
**Notes**
Tangible assets
**9**
**Current assets**
Debtors
**10**
Cash at bank and in hand
**Creditors: amounts falling**
**due within one year**
**11**
**Net current assets**
**Total assets less current**
**liabilities**
**Creditors: amounts falling due**
**after more than one year**
**Net assets**
**Reserves**
Accumulated reserves
**8**
Deficit for the year
**Total funds**|**2024**
**£**
1
1
-
16,080
16,080
(4,780)
11,300
11,301
-
11,301
15,613
(4,312)
11,301|**2023**
**£**
1|
|---|---|---|
|||1|
|||-
20,392|
|||20,392|
|||(4,780)|
|||15,612|
||||
|||15,613|
|||-|
|||15,613|
|||14,575
1,038|
|||15,613|
The financial statements were approved by the Board of trustees on 14 April 2025 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 Notes to the financial statements for the year ended 31 May 2024**
## **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 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**
|Tithes & Offerings
**2b**
**Activities in furtherance of charitable activities**
Coronavirus grant|**2024**
**£**
25,098
25,098
**2024**
**£**
-
-|**2023**
**£**
29,641|
|---|---|---|
|||29,641|
|||**2023**
**£**
-|
|||-|
**Page 5**
## **St Michael Church of Christ (Cherubim & Seraphim) London Notes to the financial statements**
## **for the year ended 31 May 2024**
|**2c**
**Investment income**
Bank interest received
**3**
**Resources expended on charitable activities**
Donations
**4**
**Resources expended on other charitable**
**activities**
Conferences, retreats and anniversaries
Transportation
**5**
**Resources expended on poverty relief**
Hospitality|**2024**
**£**
92
92
**2024**
**£**
2,170
2,170
**2024**
**£**
2,315
1,625
3,940
**2024**
**£**
-
-|**2023**
**£**
33|
|---|---|---|
|||33|
|||**2023**
**£**
1,307|
|||1,307|
|||**2023**
**£**
3,086
1,454|
|||4,540|
|||**2023**
**£**
-|
|||-|
**Page 6**
## **St Michael Church of Christ**
## **(Cherubim & Seraphim) London Notes to the financial statements**
**for the year ended 31 May 2024**
|**6**
**Governance costs:**
**Expenditure on managing/administering**
**the charity**
Rent and rates
Light and heat
Telephone,fax and internet
Printing, postage and stationery
Repairs and building maintenance
Subscriptions
General expenses
**7**
**Net movement in funds for the year**
Net movement in funds is stated after charging:
Depreciation of tangible fixed assets
**8**
**Funds**
Unrestricted Restricted
Funds
Funds
**£**
**£**
At 01 June 2023
15,613
-
Surplus for year
(4,312)
At 31 May 2024
11,301
-|**2024**
**£**
19,099
82
1,235
23
470
250
2,233
23,392
**2024**
**£**
-
Total
Funds
2024
**£**
15,613
(4,312)
11,301|**2023**
**£**
18,600
47
1,011
278
224
250
2,199|
|---|---|---|
|||22,609|
|||**2023**
**£**
-|
|||Total
Funds
2023
**£**
14,575
1,038|
|||15,613|
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 2024**
## **9 Tangible fixed assets**
|**Fixtures and**
**equipment**
**£**
**Cost**
at 1 June 2023
9,680
At 31 May 2024
9,680
**Depreciation**
At 1 June 2023
9,679
Charge for year
-
At 31 May 2024
9,679
**Net book value**
At 31 May 2023
1
At 31 May 2022
1
**2024**
**10**
**Debtors**
**£**
Rent deposit
-
-
**11**
**Creditors: amounts falling due**
**2024**
**within one year**
**£**
Accruals
4,780
4,780
**11**
**Creditors: amounts falling due**
**2024**
**after more than one year**
**£**
Hire Purchase
-
-|**Total**
**£**
9,680|
|---|---|
||9,680|
||9,679
-|
||9,679|
|||
||1|
|||
||1|
||**2023**
**£**
-|
||-|
||**2023**
**£**
4,780|
||4,780|
||**2023**
**£**
-|
||-|
**Page 8**
**St Michael Church of Christ**
## **(Cherubim & Seraphim) London Notes to the financial statements**
**for the year ended 31 May 2024**
## **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 between the charity and the Trustess or any person connected with them.
**Page 9**