## **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| Page 0 **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| Page 1 **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 Page 2 **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| Page 3 **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| Page 4 **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| Page 5