# **CHERUBIM & SERAPHIM MOVEMNT CHURCH, CASEM MODEL**
# **PARISH, MANCHESTER, UK**
## **FINANCIAL STATEMENTS**
## **FOR THE YEAR ENDED 31 December 2022**
**CHARITY NUMBER: 1185322**
## **CONTENTS PAGE**
|**CONTENTS PAGE**||
|---|---|
|Legal and administrative information|3|
|Report of the trustees|4-6|
|Income and Expenses Statement|7|
|Balance sheet|8|
|Notes on Financial Statement|9 - 11|
|Independent Examiner’s report|12|
## **CHERUBIM & SERAPHIM MOVEMENT CHURCH, CASEM MODEL, PARISH, MANCHESTER – UNITED KINGDOM**
## **Legal and administrative information**
## **Trustees**
Oluyemi Owolabi Fashina Tolulope Deborah Fashina Esther Ronke Omoboye
## **Address**
1 Johnny King Close, Manchester, M40 8UT.
## **Independent Examiners**
Solomon Allistar (MAAT) 54 Carriocca Business Park, Hellidon Close, Ardwick, Manchester, M12 4AH
## **Bankers**
## **NATWEST**
## **Charity Registration Number**
1185322
## **CHERUBIM & SERAPHIM MOVEMENT CHURCH, CASEM MODEL, PARISH, MANCHESTER – UNITED KINGDOM**
## **ANNUAL REPORT FOR THE YEAR ENDED 31[st ] December 2022**
Cherubim & Seraphim Movement Church, Casem Model Parish, Manchester – United Kingdom is constituted by a Charity incorporated Organisation Foundation model constitution and is a registered charity, No 1185322. Its address is 1 Johnny King Close, Manchester, M40 8UT
The charity trustees to 31 December 2022 were:
- Tolulope Deborah Fashina
- Esther Ronke Omoboye
- Oluyemi Owolabi Fashina
## **The objects of the charity are as follows**
The object of the CIO is to advance the Christian religion in Salford and surrounding areas for the benefit of the public through the holding of prayer meetings, lectures, public celebration of religious festivals producing and/or distributing literature on the Christian faith to enlighten others about the religion.
The trustees’ policy is to ensure that the above aims are met to the highest possible standard.
Volunteers staff the charity, with the workload spread among some of the senior members.
The charity is funded by the general public which is been used towards the maintenance and improvement of the charity’s assets and promoting and achieving the charity’s objects
These financial statements have been prepared in accordance with the provisions applicable to charity law.
The financial statements were approved by the Board of Trustees and authorised for issue on 18[th] of September 2023 and were signed on its behalf by:
## **CHERUBIM & SERAPHIM MOVEMENT CHURCH, CASEM MODEL, PARISH, MANCHESTER – UNITED KINGDOM**
## **Statement of Trustees’ responsibilities**
The Board of Trustees has overall responsibility for ensuring 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 continue in operation 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 time 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.
## **CHERUBIM & SERAPHIM MOVEMENT CHURCH, CASEM MODEL, PARISH, MANCHESTER – UNITED KINGDOM**
## **Report of the Trustees for the Year Ended 31[st] December 2022.**
We, as the Trustees of the Charity who held office at the date of approval of these financial statements as set out on page 4 each confirm, so far as we are aware, that:
There is no relevant information of which the Charity's independent examiner are unaware; and we have taken all the steps that we ought to have taken as Trustees in order to make ourselves aware of any relevant information and to establish that the charity's independent examiner is aware of that information.
## **ACHEIVEMENT AND PERFORMANCE**
We offer different range of service during the week and Sunday, which our church members find beneficial and spiritual fulfilling. For example, evening prayers where people make prayer requests and also partake in spiritual counselling. We have increased in numbers both online and physical. We have been able to support community, including the support of people emotional and financial challenges, being able to signpost them to the appropriate agencies to get professional and expert help.
## **Independent Examiner** :
The Charity's independent examiner, Solomon Allistar (MAAT) of SAA BUSINESS SUPPORT LTD has indicated their willingness to continue in office and offer themselves for appointment.
This report was approved by the Trustees on and signed on their behalf by:
Oluyemi Owolabi Fashina Date 18/09/2023 Chairperson/Trustee
## **INCOME AND EXPENDITURE ACCOUNT FOR YEAR ENDED 31[ST] December 2022**
**----- Start of picture text -----**
INCOME £
2022
Voluntary Donations £ 27,046.77
Gift aid claim £5,702.63
£
TOTAL INCOME £32,749.40
EXPENSES
Rent 6,075.00
Utilities 2,935.00
Charity / Welfare 3,840.71
Evangelism 3,600.00
Music Instruments 5,010.00
Ad hoc purchases 2,902.71
Finance 1,719.58
Professional Fee 630.00
Rate 317.44
Chairs 850.00
Accounting 720.00
Total Expenses £28,600.44
Surplus/ Deficit £4,148.96
**----- End of picture text -----**
## **CHERUBIM & SERAPHIM MOVEMENT CHURCH, CASEM MODEL, PARISH, MANCHESTER – UNITED KINGDOM**
## **Balance sheet as of 31st December 2022.**
**----- Start of picture text -----**
2022 2022 2021 2021
Notes £ £ £ £
FIXED ASSETS
Tangible assets 12 18,008.00 18,008.00 17,500.00 17,500.00
CURRENT ASSETS - - - -
Debtors - - - -
Cash at bank 3,993.19 3,993.19 996.00 996.00
CREDITORS amounts - - - -
falling due within one
year
- -
NET CURRENT 22,001.19 22,001.19 18,496.00 18,496.00
ASSETS
TOTAL ASSETS 22,001.19 22,001.19 18,496.00 18,496.00
LESS CURRENT
LIABILITES
CREDITORS amounts 46,706.08 - -
falling due more than
year
NET ASSETS (24,704.89) - 18,496.00
CHARITY FUNDS
Unrestricted funds (24,704.89) - 18,496.00
- -
TOTAL FUNDS (24,704.89) - 18,496.00
**----- End of picture text -----**
## **CHERUBIM & SERAPHIM MOVEMENT CHURCH, CASEM MODEL, PARISH, MANCHESTER – UNITED KINGDOM**
## **Notes to the Financial Statement for the Year Ended 31st December 2022**
1. Accounting policies
The principal accounting policies are set out below. The accounting policies have been adopted consistently throughout the year.
- a) Basis of accounting
- The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain fixed assets, and are in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities issued in March 2005 and the Financial Reporting Standard for Smaller Entities (effective April 2008).
- b) Incoming resources from generated funds Incoming 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 contractual agreements and performance 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 funds.
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 trustees 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 Trust.
Provisions 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 constitutional and statutory requirements.
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources.
## **Depreciation**
Depreciation is calculated at rates estimated to write off the cost of all tangible fixed assets over their expected useful lives:
Equipment, Fixtures and Fitting: **20%**
During the year under review, the church decided to continue to separate its equipment from its furniture fixtures and fittings. 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.
f) VAT
The charity is not registered 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
2022 2021 £ £ POST Depreciation 4,502.00 -
## **5 Taxation**
The charity is exempt from corporation tax on its charity.
## **6 Tangible fixed assets**
|**Cost:**
**At 1 April 2022**
**Additions**
**At 31 December 2022**
**Depreciation**
**At 1 January 2022**
**Provision for year**
**At 31 December 2022**
**NET BOOK VALUE**|**Equipment**
**Fixtures**
**and fittings**
**Total**
**£**
**£**
**17,500.00**
**-**
**5,010.00**
**-**|
|---|---|
||**22,510.00**
**-**|
||**-**
**4,502.00**
**4,550.52**|
||**4,502.00**
**4,550.52**|
|||
||**18,008.00**
**18,008.00**|
## **7 Creditors: amounts falling due more than one year**
|**Other Creditors**
**8 Creditors: amounts**
**Other Creditors**|**2022**
**£**
**-**
**falling due within one year**
**2022**
**£**
**46,706.08**|**2021**
**£**
**-**
**2021**
**£**
**-**|
|---|---|---|
## **Independent Examiner’s Report to the Trustees of**
## **CHERUBIM & SERAPHIM MOVEMENT CHURCH, CASEM MODEL, PARISH, MANCHESTER – UNITED KINGDOM**
I report on the accounts of the Trust for year ended 31[st] December 2022, which is set out on pages 7
## **Respective responsibilities of Trustees and examiner**
As the charity’s trustees, you are responsible for the preparation of the accounts; you consider that the audit requirement of section 43(2) of Charites Act 1993 (the Act) does not apply. It is my responsibility to state, on the basis of the procedures specified in the General Directions given by the Charity Commissioners under sector 43(7)(b) of the Act, whether matters have come to my attention.
## **Basis of independent examiner’s report**
My examination was carried out in accordance with the General Directors given by the Charity Commissioners. 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 you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
## **Independent examiner’s statement**
In connection with our examination, no matter has come to our attention: -
- to keep accounting records in accordance with section 386 and 387 of the Companies Act 2006 and
- - to prepare accounts which accord with the accounting records, comply with the accounting requirements of Section 394 and 395 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities have not been met; or
- 2) to which, in my opinion, attention should be drawn to enable a proper understanding of the accounts to be reached.
SOLOMON ALLISTAR (MAAT) 18/09/2023