CHERUBIM & SERAPHIM MOVEMNT CHURCH, CASEM MODEL PARISH, MANCHESTER, UK FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 December 2023 CHARITY NUMBER: 1185322
CONTENTS PAGE Legal and administrative information Report of the trustees Income and Expenses Statement Balance sheet 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 l JohrLny King Close, Manchester, M40 8UT. Independent Examiner5 Solomon Allistar IMAATI 54 Carriocca Business Park, Hellidon Close, Ardwick, Manchester, M124AH Bankers NATWEST Charity Registration Number 1185322
CHERUBIM &SERAPHIM MOVEMENTCHURCH, CASEM MODEL, PARISH, MANCHESTER- UNITED KINGDOM ANNUAL REPORT FOR THE YEAR ENDED 31" December 2023 Cherubirn & 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 Registered address is l Johnny King Close, Manchester, M40 8UT. Operational address is 26 Cobden, Salford, M6 6WG. The charity trustees to 31 December 2023 were: Tolulope Deborah Fashina Esther Ronke Omoboye Oluyemi Owolabi Fashina The objeets 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 andlor distributing literature on the Christian faith to enlighten others about the religion. The trnstees, policy is to ensure that the above aims are met to the highest possible standard. Volunteers slaff the charity, with the workload spread among some of the senior members. Thc charity is fundcd by the gcncral public which is bccn uscd towards thc maintcnancc 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 th 23 of September 2024 and were signed on its behalf by.. 2310912024 On behalf of Trnstees Date
CHERUBIM & SERAPHIM MOVEMENT CHURCH, CASEM MODEL, PARISH, MANCHESTER- UNITED KINGDOM Statement of Trustees, responsibilities The Board of Trnstees has overall responsibility for ensuring The Board of Trnstees 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 tair 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 estiiT]ates that are reasonable and prudent, Sthied 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 appr()priate systcm of controls, financial and othLrwi%e. They are also responsible for keeping propeT accounting Tecords which disclose with reasonable accuracy at any liine 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 delection and prevention of fraud and other ie)ular1tie$. The Board of Tn]stees is responsible for the maintenance and integrity of the Corporate and financial information. Legislation in the Uniled Kingdom governing the preparation and dissemination of financial statements may differ from legislation in othcr jurisdictions.
CHERUBIM & SERAPHIM MOVEMENTCHURCH, CASEM MODEL, PARISH, MANCHESTER- UNITED KINGDOM st Report of the Trustees for the Year Ended 31 December 2023. 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 confimi, so far as we are aware, that.. There is no relevant inforn]ation 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 Televant infonnation and to establish that the charity's independent examiner is aware of that inforn]ation. ACHEIVEMENT AND PERFORMANCE We offer different range of service during the week and Sunday, which our church members find beneficial and spiritual fulfilling,. For exarnple, evening prayers where people make prayer request5 dnd also Pdrtake in spiritiial counselling. We have incredsed in numbers both online and physical. We have been able to support cominunity, including the support of people cmotional and financial challcngcs, bcing ablc to signpost thcm to thc appropriatc agcncics to get professional and expert help. PURCHASE OF MUSICAL INSTRUMENTS We also upgraded our musical instruments, which has been very instrumental to our Organisational object of advancing the ChTlStian faith. Our parishioners and invited guest appear to enjoy our music and it has been a key factor in establishing social cohesion within our parishioners and large community as well. PURCHASE OF FURNITURES Due to the rapid increase in the number of our parishioners. the need to purchase extra chairs and furniture came to the forefront. Independent Examiner.. The Charity's independent examiner, Soloinon AllislaT (MAAT) of SAA BUSTNESS SUPPORT LTD has indicated their willingness to continue in office and offer themselves for appointinLnt. This report was approved by the Trustees on and signed on their behalf by.. Oluyemi i Fashina ChaiTpersonlTTUStee Date 2310912024
INCOME AND EXPENDITURE ACCOUNT FOR YEAR ENDED 31 December 2023 INCOME 2022 Voluntary Donations Gift aid Claim £ 24,756.68 £9,112.01 TOTAL INCOME £33,868.69 EXPENSES Rent 8,100.00 680.00 Utilities Charity I Welfare Evangelism Music Instruments 2,510.30 360.00 4,921.99 167.88 Ad hoc purchases Finance 1,682.64 395.00 Professional Fee Spiritual Items Furniture 990.00 1,358.00 570.00 27.74 Accounting Administration Total Expenses £21,763.05 Surplus cash inflow £12,105.64
CHERUBIM & SERAPHIM MOVEMENT CHURCH, CASEM MODEL, PARISH, MANCHESTER- UNITED KINGDOM Balance sheet as of 31st December 2023. 2023 2023 2022 2022 Note5 FIXED ASSETS TankFible assets CURKEN'I" ASSETS 12 19,430.39 19,430.39 18,008.00 18,008.00 Debtor5 Cash at bAnk 16,01)8.83 16,098.83 3,993.19 3.993.19 CRF.DITORS Amounts falling due within one year ET CURRENT A8.SET.S 16,01)8.83 16,098.83 22.001.19 22.001.19 TOTAL ASSETS LESS CURRENT LIABILITES 3S,529.22 35,529.22 22,001.19 22,001.19 CREDITORS amounts falling due more than year 4S,023.44 45,023.44 46,706.08 NET ASSETS (9.494.22) (24,704.891 CHARITY FUNDS Lnrestrieted funds (9,494.22) (24,704.89) TOTAL FUNDS (9.494.22} (24,704.891
CHERUBIM & SERAPHIM MOVEMENTCHURCH, CASEM MODEL, PARISH, MANCHESTER- UNITED KINGDOM Notes to the Financial Statement for the Year Ended 31st December 2023 l. 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 donation5 towards weekly tithes, church building fund, thanksgiving, annual conference, travel and oiher contributions c) Incoming resources. Interest receivable Interest 15 Credited in the year in which it is received. d) Resources expended Expenditure is recogni5ed when a liability is incurred. Funding provided through contractual agreements and performance related grants are recogJnised as service5 are supplied. Other grant payments are recognised when a constructive obligation arises that results in the payment being unavoidable. Costs of generating ftinds are those costs inciirred in attracting voluntary income, and those incurred in activities that raise nds. Grants payable are payrnents made to third parties in the furtherance of the charitable objectives of the Trust. Single or miilti-year grants are accounted for when either the Tecipient has a Teasonable expectation that they will receive a grant and the trustees have agreed to pay the gTant without condition, or the recipient has a reasonable expectation that they will re¢eive a grant and any condition attaching to the grant is outside of the conlToI of the Trust. Provisions for grants are made when the intention to make a grant has been LonimuniL4lted to the recipient but there is uncertainty iibout either the timing of the grant or the amount of grant payable.
Governance costs include those incurred in tlie 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: 2001. During the year under review, the church decided to continue to separate its equipment from its furniture fixtures and fittings. A depreciation rate of 200/0 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. D VAT The charity is not registered for VAT and accoTdingly expenditure includes VAT were appropriate. 2 Incomc rcsourccs Income comprises of donations and tithes 3 Employee information None of the trustees received any rernuneTation or reimbursement of expenses during the year. 4 Net income resources This is stated after charging 2023 2022 POST Depreciation 4,857.60 £4,502.00 5 Taxation The charity is exempt from corporation tax on its charity.
6 Tangible fixed assets Equipment Fixtures and fittings Total Cost: At l Jan 2023 Additions 18,008.00 6,279.99 24,287.99 18,008.00 6,279.99 24,287.99 At 31 December 2023 Depreciation At l January 2023 Provision for year At 31 December 2023 4,857.60 4,857.60 4,857.60 4,857.60 NET BOOK VALUE 19,430.39 19,430.39 7 Creditors: amounts falling due more than one year 2023 2022 Other Creditors 45,023.44 46,706.08 8 Creditors: amounts falling due within one year 2023 2022 Other Creditors
Independent Examiner's Report to the Trustees of CHERUBIM & SERAPHIM MOVEMENTCHURCH, CASEM MODEL, PARISH, MANCHESTER- UNITED KINGDOM I report on the accounts of the Trust for year ended 31, December 2023, 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, wliether matters have com¢ 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 accoun¢ing 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 wilh our examination, no matter has come to OUT 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 accountingJ requirements of Section 394 and 395 of the Con]panies Act 2006 and with the Methods and principles of the Statement of Recommended PractiLe- Accounting and R¢porting by Charili¢s hav¢ not b¢¢n m¢t; or 2) to which, in my opinion, attention should be drawn to enable a proper understanding of the accouiits to be reached. SOLOMON ALLISTAR (MAAT) 2310912024