V4T INr. ChatyP&).. 1177338 6IM&s* NEW COVENANT INT'L MINISTRIES CHERUBIM AND SERAPHIM Charity number: 1177338 ANNUAL RETURN FOR YEAR END 31 ST of December 2025.
NEW COVENANT INT'L MINISTRIES CHERUBIM AND SERAPHIM CONTENTS PAGE Legal and administrative information Report of the trustees Independent Examinerf5 report Statement of financial activities Balance sheet io Note5 to the financial statements 11-13 Income and Expenditure account 14
NEW COVENANT INT'L MINISTRIES CHERUBIM AND SERAPHIM Legal and admlnlstratlve Informatlon Trustees Adeyinka Olujoke Adeyemi Dexter Damilola Babalola Florence Olaiya Address Chairperson. Unit 5, Dale House, Vickers Street, Miles Plaiting, Manchester, M40 8EF CHARITY REGISTION NUMBER: 1177338 Independent Examiners Solomon Allistar IMAATI 54 Carriocca Business Park, Hellidon Close, Ardwick, Manchester, M12 4AH
NEW COVENANT INT'L MINISTRIES CHERUBIM AND SERAPHIM Report of the Trustees for the Year Ended 31st December 2025 The trustees are pleased to present their report together with the financial statements of the charity for the year ended 31 December 2025. Structure, Governance and Management Objectives and Activities The objects of the Celestial Church of Christ- Agbala lyanu Oluwa Canaan Parish are to propagate the name of Our Lord Jesus Christ. Christian Counsellin& Advice, and Information In propagating the name of Our Lord Jesus Christ, the parish engaged in evangelism, prayer sessions, spiritual counsellin& advice, and information to the general public during regular weekly services. These extend to assisting members and non-members in housing and financial needs, the provision of regular 'Health Check, for all to attend and discuss them health problems and have medical check-up with volunteer Ooctors and Nurses. This forum has been very helpful in dictating early symptoms of sicknesses and illnesses and referring the affected to hospitals for treatment and cure. Financial assistance for charitable objects The parish donated generously to many individuals in need, such as destitute, the disabled and the sick in our society. We also rendered financial support to various organisations in support of their own hLJmanitarian and charitable activities Other Charitable activities Other charitable activities include spreading the Word of God among all nations and announcing the good news of the Kingdom of God to the poor in spirit. This was done through our Spiritual Worships which are open to the general public, revivals, healings, and evangelism which are conducted to stimulate spiritual awareness among the people, seminars and symposia which are organised for people to know and understand more about the Word of God Financial Sources The church income comes mainly from the weekly tithes and church building funds, other church tontributions such as thanksgiving, annual conference, travel, and music funds.
Acquisitions for Music equipment During the year under review, the church bought added new musical instruments to aid in the objective of furthering their core charitable objective. Foodbank Foodbank activites were established to carter for the needs of the local community 3 times a week. The number of people who access and benefited from our foodbank increase by 60DA. Statement of Trustees, responsibilities The Board of Trustees are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Generally Accepted Accounting Practice. Charity law applicable to charities in England/Wales requires the Board of Trustees to prepare financial statements for each financial year which gives a true and fair view of the state of affairs of the Charity and of the surplus or deficit of the Charity for that period. In preparing those financial statements the Board of Trustees have: Selected suitable accounting policies and applied them consistently. Made judgments and estimates that are reasonable and prudent, Stated whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements,. and Prepared the financial statements on a going concern basis (unless it is inappropriate to presume that the Charity will tontinue in operation). The Board of Trustees has 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 tirlle the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 1993. 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. The Board of Trustees is responsible for the maintenance and integrity of the corporate and financial information. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Statement of disclosure of information to independent examiner
NF.W COVF.NANT INT'I. MINI.STRIF. CIII,=IIIIIIIM AND.%b:RAlblllM Report of the Trustees for thè Year Ended 31st December 2025 Wè, as the frustèes of the Charity who held office at the date of approval of ihese finars¢ial statements a5 set out on pase 2 each conflrm. so far as we are aware. that.. There Is no relevant Information of which the Charlty's independeni examiner are unaware.. and we have taken all ihe steps thai we ought to have taken as Trusiees In order to make ourselves aware of any relevant information and to estab1È5h ihat the charity's Independent examiner is aware of ihat informaiion. Independent Examlner.. The Charity's independent examlner, Solomon Allistar IMAATI of SAA BUSINESS SUPPOAT LTD has indicated their willin8nes5 to continue tn offlce and offer themselves for apposntmeni. Th15 report wa5 approved by the frustee5 on and slgned on thelr behalf bv.. M5 Adeyinka Adeyemi 1410112026
NEW COVENANT INT'L MINISTRIES CHERUBIM AND SEIUPHIM Independent Examiner's Report for the Year Ended 31st December 202S I report on the financial statements of the charity for the year ended 31 December 2025 which comprise the Statement of Financial Activities and Balance Sheet with associate notes. This report is made solely to the charity's Trustees, as a body, in accordance with section 145 of the Charities Act 2011 and regulations made under section 154 of that Act. My work has been undertaken so that I might state to the charity's Trustees those matters l am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a body, for my examination work. Respertive Responsibilities of Trustees and Examiner The charity's Trustees are responsible for the preparation of the financial statements, and they consider that an audit is not required for this year under section 144121 of the Charities Act 2011 Ithe Act) and that an independent examination is needed. It Is my responsibility to.. Examine the accounts lunder Section 145 of the Charities Act). To follow the procedures laid down in the General Directions given by the Charity Commissioners (under Section 14515llbl of the Charities Act),. and To state whether matters have come to my attention. Basis of Independent Examiner's report My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Group/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 trLJStees 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 Examlner's statement In connection with my examination, no matter has come to my attention.. 11 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 Act; and to prepare financial statements which accord with the accounting records and comply with the accounting requirements of the Act have not been met,. or
21 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached. Signed.. SOLOMON ALLISTAR IMAATI Dated.. 1510112026
NEW COVENANT INT'L MINISTRIES CHERUBIM AND SERAPHIM Statement of financial activities for the year ended 31st Dernber 2025. Unrestricted Restricted Total Funds Total Funds 2025 2025 2024 Notes Incoming Resourees General offerings Gift Aid 58,574.86 7,335.98 4,000.00 62,574 7,335.98 56,475.92 11284.00 11 Grants li Total Incoming Resources 65,910.84 4,000.00 69,910 67,759.92 Resources expended Direct Charitable expenditure Governance cnsts 61,503.23 350.1)O 4,000.00 61,503.23 3S0.110 60,448.50 350.IKI Total resourc¢$ expended 61.853.23 4.OIKI.00 65,85.3.23 64,448.50 Movement in totAI fund for the year- Net income I (expenditure) for the year 4,057.61 3,311.42 Net Gain Wos50 on investmeDt 4,OS7.61 3,311.42 Fund Bal blf 4.057.61 3,311.42 Fund Bal elf 3.311.42
NEW COVENANT INT'L MINISTRIES CHERUBIM AND SERAPHIM Balance sheet as of 31st December 2025. 2025 2025 2025 2024 Notes FIXED ASSETS Tangible assets CURRLN"I' ASSETS Debtor5 12 27,131k.61 23204.28 13 Cash At b&nklin hand 4,966.46 3.311.42 CREDITORS amounts falllng due within one vear 0.00 0.00 NET CURRENT ASSETS 4,966.46 4,966.46 3,311.42 TOTAL ASSETS LESS CURRENT LIABILITES 32,097.07 32,097.07 26515.70 CREDITORS amoullts falling due mure than year 13 {I,oso.00) (3,280.00) NET ASSETS 31,047.117 31,047.07 2323S.70 CHARITY FUNDS Unrestricted lunds 31,047.117 31,047.07 23235.70 TOTAL FUNDS 31,047.117 31,047.07 23335.70
NEW COVENANT INT'L MINISTRIES CHERUBIM AND SERAPHIM Notes to the Financial Statement for the Year Ended 31st December 2025 l. Accounting policies The principal accounting policies are set out below. The accounting policies have been adopted consistently throughout the year. a) Basis of a¢¢ounting Th¢ financial stat¢n)ents have been pr¢par¢d under th¢ historical cost convention, as modified by th¢ revaluatioii of certain fixed assets, and are in accordance witli the Statement of Reconimended Practice.. Accounting and Reporting by Charities issued in March 2005 and the Financial Reporting Standard for Smaller Entities {effeetive April 2008). b) Incoming resources from generated funds Incoining resources from generated funds represents donations towards weekly tithes, church building fund, thanksgiving, annual conference, travel and other contributions c) Incoming resources; Interest receivable Interest is credited in the year in which it is received. d) Resources expended Expenditure is recognised when a liability is incurred. Funding Provided through contracmal agreements and perfomiance related grants are recognised as services are supplied. Other grant payments are recognised when a constructive obligation arises that results in the payment being unavoidable. Costs of generating funds are those costs incurred in attracting voluntary income, and those incurred in activities that raise fids. Grants payable are payments made to third parties in the furtherance of the charitable objectives of the Trust. Single or multi-year grants are accounted for when either the recipient has a reasonable expectation that they will receive a grant and the trnstees have agreed to pay the grant without condition, or the recipient has a reasonable expectation that they will receive a grant and any condition attaching to the grant is outside of the control of the Trnst. PTovisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable. Governance costs include those incurred in the governance of its assets and are primarily associated with ConstitIOnal and statutory requirements. Support costs include central functions and have been allocated to activity cost
categJories on a basis consistent with the use of resource5. Depreciation Depreciation is calculated at rates estimated to write off the cost of all tangible fixed asseLs over their expected useful live%'. Equipment, Fixtures and Fitting.. 251/1 0 During the year Under review, the church decided to continue to separate its equipment from its funiilure fixtures and f1llings. A depreciation rate of 20 % was applied on each category on a reducing balance basis. e} Fund structure The principal accounting policies are set out below. The accounting policies have been adopted consistently throughout the year. The ndS held by the charity are either.. Unrestricted general funds - these are funds which can be used in accordance with the charitable objects at the discretion of the trustees. Designated funds - these are fijnds earmarked by the trnstees out of unrestricted general funds for specific future purposes or projects. Restricted funds - these are funds that can only be used for restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for restricted purposes. Endowment funds - these are funds that Tepresent assets which must be held pern]anently by the charity. Income arising on the endowment fid can be used in accordance with the objects of the charity and is included in unrestricted income. Any capital gains or losses arising on the investments forni part of the fund. Tnvestment management charges and legal advice relating to the fund are charged against the fund. D VAT The charity is not Tegistered for VAT and accordingly expenditure includes VAT were appropriate. 2 Income resources Income comprises of donations and tithes 3 Employee information None of the trustees received any remuneration or reimbursement of expenses during the year. 4 Net income resources This is stated after charging 2025 2024 POST Depreciation 9,043.54 5,801.07
5 Taxation The charity is exempt from corporation Lqx on its charity. 6 Tangible fixed assets Equipment Fixtures and fittings Total Cost: At l January 2025 Additions At 31 December 2025 23,204.28 12,969.86 36,174.14 23,204.28 12,969.86 36,174.14 Depreciation At l January 2025 Provision for year At 31 December 2025 9,043.54 9,043.54 9,043.54 9,043.54 NET BOOKVALUE 27,130.61 27,130.61 7 Debtors 2025 2024 Prepayment and loans 8 Creditors: amounts falling due more than one year 2025 2024 Other Creditors 1,050.00 3,280.00 8 Creditors: amounts falling due within one year 2025 2024 Other Creditors
NEW COVENANT INT'L MINISTRIES CHERUBIM AND SERAPHIM INCOME AND EXPENDITURE ACCOUNT FOR YEAR ENDED 31 DECEMBER 2025 INCOME Voluntary Donations Gift aid Grants 62,574.86 7,335.98 69,910.84 Total income EXPENSES RentlRates Harvest 4,678.09 4,595.00 2,600.00 12,669.86 7,136.00 15,100.00 300.00 Travel Fitting and Fixtures Charity Food Bank Music Equipment Spiritual items Cleaning Finance cost Evangelism Adhoc Expenses Media Salary Administration Accounting Volunteers Expenses Professional Fee5 2,225.00 400.00 85.93 1,990.00 35.00 2,625.00 4,983.35 410.00 500.00 500.00 4,020.00 Total Expenses 65,853.23 Surplus 4,057.61