Trustees’ Annual Report for the period
From 01/01/2023 Period start date To 31/12/2023 Period end date
Charity name: CHERUBIM & SERAPHIM MOVEMENT CHURCH, PINNACLE OF CHRIST'S SOVEREIGNTY
Charity registration number: 1189821
Objectives and Activities
| SORP reference | ||
|---|---|---|
| Summary of the purposes of the charity as set out in its governingdocument |
Para 1.17 | The objective of the church is to advance the Christian faith in accordance with its statement of beliefs. |
| Summary of the main activities in relation to those purposes for the public benefit, in particular, the activities, projects or services identified in the accounts. |
Para 1.17 and 1.19 |
Developing trust and faith in Christ through teachings from the bible. Providing and maintaining place of worship for members of the church and the Christian community Training Christians for ministry and service within the church and wider world. |
| Statement confirming whether the trustees have had regard to the guidance issued by the Charity Commission on public benefit |
Para 1.18 | As the trustees of Cherubim and Seraphim Movement Church, Pinnacle of Christ’s Sovereignty, we can confirm that we have taken reasonable steps in fulfilling our fiduciary responsibilities. We have reviewed and applied the principles and recommendations outlined in the Charity Commission guidance to ensure that the activities and operations of our charity are conducted in a manner that provides the greatest possible public benefit in line with our charitable objectives. |
Additional information (optional) You may choose to include further statements where relevant about:
SORP reference Para 1.38 Policy on grant making Para 1.38
Policy on social investment including program related investment Para 1.38 Contribution made by volunteers Other
Achievements and Performance
| SORP reference | ||
|---|---|---|
| Summary of the main achievements of the charity, identifying the difference the charity’s work has made to the circumstances of its beneficiaries and any wider benefits to society as a whole. |
Para 1.20 | In our charity, we believe a spirit lead worship helps build, a family of devoted followers of Christ that worships God. Share Christ’s hope with anyone that seeks hope and support those who need assistance. In addition to our scheduled services during the week. We also have an outreach program in which we provide special services via hospital and care-home visits to pray and provide spiritual support to the individuals seeking spiritual upliftment. |
Additional information (optional) You may choose to include further statements where relevant about:
| Achievements against | Para 1.41 |
|---|---|
| objectives set | |
| Performance of fundraising | |
| activities against objectives | Para 1.41 |
| set | |
| Investment performance | Para 1.41 |
| against objectives |
Other
Financial Review
| Financial Review | ||
|---|---|---|
| Review of the charity’s financial position at the end of the period |
Para 1.21 | The charity had £20,702 in its reserves at the end of its financial period. |
| Statement explaining the policy for holding reserves stating why they are held |
Para 1.22 | The reserves will be spent on charitable activities and running the charity in the coming year. |
| Amount of reserves held | Para 1.22 | £20,702 |
| Reasons for holding zero reserves |
Para 1.22 | |
| Details of fund materially in deficit |
Para 1.24 | |
| Explanation of any uncertainties about the charity continuing as a going concern |
Para 1.23 |
Additional information (optional)
You may choose to include further statements where relevant about:
| The charity’s principal sources of funds (including any fundraising) |
Para 1.47 | The church’s primary source of funds is through offering and donations from members. |
|---|---|---|
| Investment policy and objectives including any social investment policy adopted |
Para 1.46 | |
| A description of the principal risks facing the charity |
Para 1.46 | |
| Other |
Structure, Governance and Management
| Description of charity’s trusts: |
||
|---|---|---|
| Type of governing document (trust deed, royal charter) |
Para 1.25 | Foundation model constitution |
| How is the charity constituted? (e.g unincorporated association, CIO) |
Para 1.25 | Charitable Incorporated Organisation |
| Trustee selection methods including details of any constitutional provisions e.g. election to post or name of any person or body entitled to appoint one or more trustees |
Para 1.25 | Every trustee must be appointed for a term of four years by a resolution passed at a properly convened meeting of the charity trustees. The charity trustees must have regard to the skills, knowledge and experience needed for the effective administration of the CIO. |
Additional information (optional) You may choose to include further statements where relevant about:
| Policies and procedures | |
|---|---|
| adopted for the induction and | Para 1.51 |
| training of trustees | |
| The charity’s organisational | |
| structure and any wider | Para 1.51 |
| network with which the | |
| charity works | |
| Relationship with any related | Para 1.51 |
| parties | |
| Other |
Reference and Administrative details
| Charity name | CHERUBIM & SERAPHIM MOVEMENT CHURCH, PINNACLE OF CHRIST'S SOVEREIGNTY |
|---|---|
| Other name the charity uses | |
| Registered charitynumber | 1189821 |
| Charity’s principal address | 86a St James Way Sidcup Kent DA14 5HF |
Names of the charity trustees who manage the charity
| 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 |
Trustee name | Office (if any) | Dates acted if not for whole **year ** |
Name of person (or body) entitled to appoint trustee (ifany) |
|---|---|---|---|---|
| David Oduguwa | ||||
| Olumide Olusoga | ||||
| Oluwaseun Badejo | ||||
Corporate trustees – names of the directors at the date the report was approved Director name
Name of trustees holding title to property belonging to the charity
Trustee name Dates acted if not for whole year
Funds held as custodian trustees on behalf of others
Description of the assets held in this capacity
Name and objects of the charity on whose behalf the assets are held and how this falls within the custodian charity’s objects
Details of arrangements for safe custody and segregation of such assets from the charity’s own assets
Additional information (optional)
Names and addresses of advisers (Optional information)
Type of Name Address adviser
Name of chief executive or names of senior staff members (Optional information)
Exemptions from disclosure
Reason for non-disclosure of key personnel details
Other optional information
Declarations
The trustees declare that they have approved the trustees’ report above.
Signed on behalf of the charity’s trustees
Signature(s) Full name(s) Olumide Olusoga Position (eg Secretary, Trustee Chair, etc) Date 31.10.2024
Cherubim & Seraphim Movement Church, Pinnacle of Christ's Sovereignty Statement of Financial Activities
for the year ended 31 December 2023
| Notes Income and endowments from: Donations and legacies 4 Other 5 Total Expenditure on: Other 6 Total Net gains on investments Net (expenditure)/income Transfers between funds Net (expenditure)/income before other gains/(losses) Other gains and losses Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
Unrestricted funds 2023 £ 19,360 192 |
Total funds 2023 £ 19,360 192 |
Total funds 2022 £ 23,127 - |
|---|---|---|---|
| 19,552 33,187 |
19,552 33,187 |
23,127 15,948 |
|
| 33,187 - |
33,187 - |
15,948 - |
|
| (13,635) - |
(13,635) - |
7,179 - |
|
| (13,635) | (13,635) | 7,179 | |
| (13,635) 34,337 |
(13,635) 34,337 |
7,179 27,158 |
|
| 20,702 | 20,702 | 34,337 |
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Cherubim & Seraphim Movement Church, Pinnacle of Christ's Sovereignty Summary Income and Expenditure Account
for the year ended 31 December 2023
| Income Gross income for the year Expenditure Interest payable Total expenditure for the year Net (expenditure)/income before tax for the year Net (expenditure )/income for the year |
2023 £ 19,552 19,552 33,092 95 33,187 (13,635) (13,635) |
2022 £ 23,127 |
|---|---|---|
| 23,127 | ||
| 15,948 - |
||
| 15,948 | ||
| 7,179 | ||
| 7,179 |
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Cherubim & Seraphim Movement Church, Pinnacle of Christ's Sovereignty Balance Sheet
at 31 December 2023
| at 31 December 2023 | |
|---|---|
| Company No. Notes 2023 £ Current assets Cash at bank and in hand 20,702 20,702 Net current assets 20,702 Total assets less current liabilities 20,702 Net assets excluding pension asset or liability 20,702 Total net assets 20,702 The funds of the charity Restricted funds 8 Unrestricted funds 8 General funds 20,702 20,702 Reserves 8 Total funds 20,702 |
2022 £ 34,337 |
| 34,337 | |
| 34,337 34,337 |
|
| 34,337 | |
| 34,337 | |
| 34,337 | |
| 34,337 | |
| 34,337 |
These accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.
For the year ended 31 December 2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
Approved by the board on 31 December 2023
And signed on its behalf by:
O.B. Olusoga Trustee 31 December 2023
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Cherubim & Seraphim Movement Church, Pinnacle of Christ's Sovereignty Statement of Cash flows
for the year ended 31 December 2023
| Cash flows from operating activities Net (expenditure)/income per Statement of Financial Activities Adjustments for: Dividends, interest and rents from investments Net cash (used in)/provided by operating activities Cash flows from investing activities Dividends, interest and rents from investments Net cash from investing activities Net cash from financing activities Net (decrease)/increase in cash and cash equivalents Cash and cash equivalents at the beginning of the year Cash and cash equivalents at the end of the year Components of cash and cash equivalents Cash and bank balances |
2023 £ (13,635) (192) (13,827) 192 192 - (13,635) 34,337 20,702 20,702 20,702 |
2022 £ 7,179 - |
|---|---|---|
| 7,179 - |
||
| - | ||
| - | ||
| 7,179 | ||
| - | ||
| 7,179 | ||
| 34,337 | ||
| 34,337 |
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Cherubim & Seraphim Movement Church, Pinnacle of Christ's Sovereignty Detailed Statement of Financial Activities
for the year ended 31 December 2023
| Income and endowments from: Donations and legacies Other Total income and endowments Expenditure on: Other expenditure Other interest payable Motor and travel costs Travel and subsistence Premises costs Rent General administrative costs, including depreciation and amortisation Equipment expensed General insurances Software, IT support and related costs Subscriptions Sundry expenses Telephone, fax and broadband Legal and professional costs Accountancy and bookkeeping Total of expenditure of other costs Total expenditure Net gains on investments Net (expenditure)/income |
Unrestricted funds 2023 £ 19,360 19,360 192 192 19,552 2,343 95 2,438 3,481 3,481 21,163 21,163 4,605 235 185 - - 300 5,325 780 780 33,187 33,187 - (13,635) |
Total funds 2023 £ 19,360 |
Total funds 2022 £ 23,127 |
|---|---|---|---|
| 19,360 | 23,127 | ||
| 192 | - | ||
| 192 | - | ||
| 19,552 2,343 95 |
23,127 1,370 - |
||
| 2,438 | 1,370 | ||
| 3,481 | - | ||
| 3,481 | - | ||
| 21,163 | 12,174 | ||
| 21,163 | 12,174 | ||
| 4,605 235 185 - - 300 |
71 - - 373 400 - |
||
| 5,325 | 844 | ||
| 780 | 1,560 | ||
| 780 | 1,560 | ||
| 33,187 | 15,948 | ||
| 33,187 - |
15,948 - |
||
| (13,635) | 7,179 |
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Cherubim & Seraphim Movement Church, Pinnacle of Christ's Sovereignty Detailed Statement of Financial Activities
| Detailed Statement of Financial Activities | |||
|---|---|---|---|
| Net (expenditure)/income before other gains/(losses) Other Gains Net movement in funds Reconciliation of funds: Total funds brought forward Total funds carried forward |
(13,635) - (13,635) 34,337 20,702 |
(13,635) - |
7,179 - |
| (13,635) | 7,179 | ||
| 34,337 | 27,158 | ||
| 20,702 | 34,337 |
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