2021-03-31-accounts

CHERUBIM & SERAPHIM MOVEMENT CHURCH, CASEM MODEL PARISH, MANCHESTER UK

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31[ST] MARCH 2021

CHARITY NUMBER: 1185322

CHERUBIM & SERAPHIM MOVEMENT CHURCH, CASEM MODEL PARISH, MANCHESTER UK 1 JOHNNY KING CLOSE MANCHESTER M40 8UT

INDEX Page Index 1 Trustee’s Report 2 – 3 Receipts and Payments Account 4 Statement of Assets and Liabilities 5 Notes on the financial Statements 6

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CHERUBIM & SERAPHIM MOVEMENT CHURCH, CASEM MODEL PARISH, MANCHESTER UK

TRUSTEES’ REPORT YEAR ENDED 31[ST] MARCH 2021

The trustees are pleased to present their report for the year ended 31[st] March 2021 for the charity, Cherubim & Seraphim Movement Church, CASEM Model Parish, Manchester UK with charity number 1185322.

The Trustees of the charity are: Tolulope Deborah Fashina Esther Ronke Omoboye Oluyemi Owolabi Fashina

The principal address of the charity is : 1 Johnny King Close Manchester

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Charity governing document is a CIO – Foundation Constitution registered 16[TH] September 2019.The Charity is governed by a board on which the trustees are represented. It meets regularly to review, plan activities and monitor the financial position.

OBJECTIVES AND ACTIVITIES

The Objects of the organisation are first to advance the Christian faith in accordance with the statement of beliefs for the benefit in the United Kingdom and in such other parts of the world as the trustees may think fit from time to time. The trustees confirm that they have had due regard to the guidance issued by the Charity Commission on public benefit before deciding what activities the charity should undertake.

ACHIEVMENTS AND PERFORMANCE

The Organisation continues to hold successful meetings through the year in which individuals were equipped and educated on the principles and doctrines of the Christian faith. The organisation also continues to hold outreach meetings during the year in which individuals had the opportunity to hear the message of the Christian faith. This has produced good results in reaching and helping members of the community. However, the church had to switch to online services at some point due to the lockdown in the pandemic.

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FINANCIAL REVIEW

The income of the charity is above £4664. This is a low amount for this year of the charity the costs have been well managed over this period. The organisation is still in a good position to manage its costs. The main cost of the organisation was paying for the equipment it uses for its meetings.

RESERVE POLICY

It is the policy of the Charity to maintain unrestricted funds, which are the reserves of the charity at about 3 months of unrestricted expenditure .This provides sufficient funds to cover any emergency expenditures that may arise from time to time. The charity will seek to maintain this level throughout the year.

RISK MANAGEMENT

The charity have assessed all the major risks to which the charity is exposed to, in particular those related to operations and finances of the charity, and are satisfied that systems are in place to mitigate exposure to major risks.

TRUSTEE RESPONSIBILITIES

Under the Charities Act 2011,the trustees are required to prepare a statement of accounts for each accounting year which gives a true and fair view of the state of the church. They are required to:

1. Select suitable accounting policies and apply them consistently.

2. Make judgements and estimates that are reasonable and prudent.

3. State whether the applicable accounting standards have been followed.

4. Prepare financial statements on an ongoing basis.

They are responsible for keeping proper records which disclose with reasonable accuracy the finances of the church at any time and to ensure that such accounts comply with the Charities Act 2011.They also have a responsibility to safeguard the assets of the church and to take reasonable steps to detect fraud or other irregularities.

Approved by the Trustees on 1[st] February 2022 and signed on their behalf by:

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CHERUBIM & SERAPHIM MOVEMENT CHURCH, CASEM MODEL PARISH, MANCHESTER UK ACCOUNTS FOR THE YEAR ENDED 31st March 2021

**1 **	Receipts & Payments Account (General	Purpose Fund)
	Income Receipts	£/ 2021
	Donations	4664
	Interest	0
	Total Receipts	4664
	Direct Charitable Expenditure
	Welfare	13084
	Events	1208
	Fuel	0
	Light & Heat	455
	Printing & Stationery	500
	Professional fees	440
	Rates	338
	Hall Hire	10600
	Repairs	1500
	Church Supplies	6651
	Transport	1392
		36168
	Other Expenditure
	Equipment	17500
	Instruments
		17500
	Total Payments	53668
	Net Receipts/(Payments) for the year	-49004
	Loan received	50000
	Cash Funds brought forward	0
	Cash Funds at the end of the year	996

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CHERUBIM & SERAPHIM MOVEMENT CHURCH , CASEM MODEL PARISH, MANCHESTER UK

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2 Statements of Assets and Liabilities at 31st March 2021
Monetary Assets
Cash Funds Unrestricted Funds
£/2021
£
Cash at hand and in bank 996
Total Cash Funds 996
Assets Retained for the
Charity's Own use
Non-monetary Assets and Liabilities
Musical Instruments
Equipments 17500
Fixtures & Fittings
17500
Liabilities
Bookkeeping 199
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These accounts were approved by the trustees and signed on their behalf by: Esther Ronke Omoboye

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CHERUBIM & SERAPHIM MOVEMENT CHURCH, CASEM MODEL , MANCHESTER UK NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31st March 2021

ACCOUNTING POLICIES

Basis of Accounting

These accounts have been prepared on the receipts and payments basis with all revenue and expenses shown on a cash basis. Non-monetary assets are shown at estimates of the value at the end of the year.

Funds

The CIO has a general unrestricted fund that receives voluntary donations from attendants at the services.

The CIO has no outstanding guarantees to third parties no any debts secured on the asstes of the CIO

Public Benefit

The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or aims that are for public benefit.Details of how this is achieved are provided in the Trustees report. The trustees confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.

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