CBACHERUBIM & SERAPHIM MOVEMNT CHURCH, CASEM MODEL PARISH, MANCHESTER, UK FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 December 2024 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 MOVEMENTCHURCH, CASEM MODEL, PARISH, MANCHESTER- UNITED KINGDOM Legal and administrative information Trustees Oluyemi Owolabi Fashina Tolulope Deborah Fashina Esther Ronke Omoboye Address l Johnny King Close, Manchester, M40 8UT. Independent Examiners Solomon Allistar IMAATI 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 31st December 2024 Chcrubim & Scraphim Movcmcnt Church. Cascm Modcl Parish, Manchcstcr Unitcd Kingdom 18 con%tituted by a Charity incorporated Organi%ation Foundation model constitution and is a registered Charity, No 1185322. Its Registered address is l Johnny King Close, Manchester, M40 8trr. Operational address is 26 Cobden, Salford, M6 6WG. The charity trustees to 31 December 2024 wer¢: Tolulope Deborah Fashina Esther Ronke Omoboye Oluyerni Owolabi Fashina The objects of the charity are as follows The object of the CIO is to advance the Christian religion in Salford and suffounding 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 trust¢¢s' policy is to ¢nsur¢ that th¢ above aims ar¢ m¢t to th¢ high¢st 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'5 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 231h of September 2024 and were signed on its behalf by.. Oluye ChairpersOTrUStee ina Date 1110712025
CHERUBIM &SERAPHIM MOVEMENTCHURCH, CASEM MODEL, PAR15H, 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 TTUStees to prepare tinancial statements for each financial year which gives a true and fair view ot 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 prndent, 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 inaintenance and integrity of the corporate and financial infonnation. Legislation in the United Kingdom goveming 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" December 2024. 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 confim], so far as we are aware, that: There is no relevant inforn]ation of which the Charity's independent examiner are unawaTe- and we have taken all the steps that we ouJ]t to have taken as Trustees in order to make ourselves aware of any relevant infonnation 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 meinbers find beneficial and spiritual fulfilling. For exainple, evening, prayeTS where people make prayer requests and also partake in spiritual counselling. We have increased in numbers both onlinc and physical. Wc havc bccn ablc to support community, including thc support of pcoplc cmotional and financial challcngcs, bcing ablc to signpost thcm to thc appropriatc agencies to get profe8sional 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 estsblishing 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, Solomoii Allistar (MAAT) of SAA BUSINESS 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: Oluye ola ChairpersonlTTUStee ina Date 1110712025
ST INCOME AND EXPENDITURE ACCOUNT FOR YEAR ENDED 31 December 2024 INCOME 2024 Voluntary Donations Gift aid elaim £65.891.07 4,709.23 TOTAL INCOME £70,600.30 EXPEI¥JSES RentJRates 8,278.67 1,070.00 8.836.50 Utilities Charity I Welfare Evangelism Music Instruments 4,000.00 4,700.00 816.83 Compliance Finance 280.49 Professional Fee 200.00 Spiritual Items Fitting and fixtures Aceounting Administration 3,100.00 i 1,000.00 500.00 12,950.00 15,000.00 350.00 Harvest Celebration Youth Program Total Expenses £71,082.49 Net cash Inflow/Outfiow (482.19)
CHERUBIM &SERAPHIM MOVEMENTCHURCH, CASEM MODEL, PARISH, MANCHESTER- UNITED KINGDOM Balance sheet as of 31st December 2024. 2024 2024 2023 2023 Notes FIXED ASSETS Tangible assets CURREwf ASSETS 12 28.104JI 28,104JI 19,430.39 19.430J9 Debtors Cash at bank 10,629.63 1,256.20 10,629.63 1,256.20 16,098.83 16.098.83 Stock (Spiritllal Items) CREDITORS amounts f#lling due within one l'ear NET CURRENT ASSETS 11.885.83 11,885.83 16,098.83 16.098.83 TOTAL ECSSETS LESS CURRENT LIABILITES 39.990.14 39,990.14 35,529.22 35,529.22 CREDITORS amounts falling due more than year 40.472.33 40.472.3 45.023.44 iYET ASSETS 1482.19) (9,494.22) CHARITY FUNDS Unrestricted I'unds 1482.19) (9,494.22) TOTAL FUNDS (482.19) (9,494.22)
CHERUBIM & SERAPHIM MOVEMENTCHURCH, CASEM MODEL, PARISH, MANCHESTER- UNITED KINGDOM Notes to the Financial Statement for the Year Ended 31st December 2024 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 ndS Incoming resources from generated fund5 represents donations towards weekly tithes, church building fid, thanksgiving, annual conference, travel and other contributions c} Incoming resources; Interest receivable Interest is credited in the year in which it is received. d) Rcsources expend¢d Expcnditurc is rccognised wh¢n a liability is incurred. Funding provided through contractual agre¢mLnts and pcrforniance relatcd grants are r¢cognis¢d as s¢rviccs 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 rtheranee ot. the charitable objectives ot. the Trust. Single or mlllti-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 ot'the Trnst. 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 tiining of the grant or the amount of grant payable.
Governance costs include those incutTed in the governance of its assets and are primarily associated with constitutional and statutory requireinents. 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: 200/. 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 strncture The principal accounting policies are set out below. The accounting policies have been adopted consistently throughout the year. fj VAT The charity is not registered for VAT and accoTdingly expenditure includes VAT were appropriate. 2 Income resources IncomL compriscs of donations and tithes 3 Employee information None ot. the trustees received any remuneration or reimbursement of expenses during the year. 4 Net ineome resources This is stated after charging 2024 2023 POST Depreciation 8,782.60 4,857.60 5 Taxation The charity is ¢x¢mpt from corporation tax on its charity.
6 Tangible fixed assets Equipment Fixtures and fittings Total Cost: At l Jan 2024 Additions At 31 December 2024 19,430.39 15,700.00 35,130.39 19,430.39 15,700.00 35,130.39 Depreciation At l January 2024 Provision for year At 31 December 2024 8,782.60 8,782.60 8,782.60 8,782.60 NET BOOK VALUE 26,347.79 26,347.79 7 Creditors: amounts falling due more than one year 2024 2023 Other Creditors 40,472.33 45,023.44 8 Creditors: amounts falling due within one year 2024 2023 Other Creditors
Independent Examiner's Report to the Trustees of CHERUBIM &SERAPHIM MOVEMENTCHURCH, CASEM MODEL, PARISH, MANCHESTER- UNITED KINGDOM I report OTJ the accounts of the TTUSt for year ended 31, December 2024, which is set out on pages 7 Respective responsibilities Df Trustees and examiner As the charity's trnstees, 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 respon%ibility to 8tate, on the ba818 of the procedure8 specified in the General Direction 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 trom 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 matt¢r 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) 1110712025