HIM Jwo JEHOVAH JIR UK 4￿oNI0 Cheribim and Seraphim Movement Church, Jehovah Jireh District, Ayo ni O UK (Company Registration number 1202860) ANNUAL RETURN FOR YEAR END 31 December 2023 CONTENTS PAGE Legal and administrative information Report of the trustees Independent Examiner's report Statement of financial activities Balance sheet Notes to the financial statements 10-12 Income and expenditure account 13 Legal and administrative information Trustees Abidemi Ajoke Otunuyi Samuel Akinniyi Sunday Ogungbe Mofoluwake Kehinde Oluwabusayo Chairperson. Address 175 Heaton Lane, Stockport, Cheshire, SK4 IAQ COMPANY REGISTRATION NUMBER: 1202860 Independent Examiners Solomon Allistar IMAATI 54 Carricca Business Park Hellidon Close Ardwick, Manchester M12 4AH Bankers HSBC BANK Report of the Trustees for the Year Ended 31 December 2023 The trustees are pleased to present their report together with the financial statements of the charity for the year ended 31 December 2023 Structure. Governance and Management Objectives and Artivities The objects of Cherubim & Seraphim Movement Church, Jehovah Jireh District, Ayo Ni O UK is to advance the Christian faith lin accordance to the statement of faithl in such ways and in such parts of the United Kingdom as the Trustees may seem fit from time to time. Christian Counselling, Advice, and Information In propagating the name of Our Lord Jesus Christ, the parish engaged in evangelism, prayer sessions, spiritual covnselling, advice, and information to the general public during regular weekly services. These extend to assisting members and non-members in housing and financial needs, the provision of regular 'Health Check, for all to attend and discuss them health problems and have medical check-up with volunteer Doctors and Nurses. This forum has been very helpful in dictating early symptoms of sicknesses and illnesses and referring the affected to hospitals for treatment and cure. Financial assistance for charitable objects The parish donated generously to many individuals in need, such as destitute, the disabled and the sick in our society. We also rendered financial support to various organisations in support of their own humanitarian and charitable activities Other Charitable activities Other charitable activities include spreading the Word of God among all nations and announcing the good news of the Kingdom of God to the poor in spirit. This was done through our Spiritual Worships which are open to the general public, revivals, healings, and evangelism which are conducted to stimulate spiritual awareness among the people, seminars and symposia which are organised for people to know and understand more about the Word of God Flnanclal Sources The church income comes mainly from the weekly tithes and church building funds, other church contributions such as thanksgiving, annual conference, travel, and music funds. New Premises We moved into a new premises and incurred a lot of cost to fit, furnish and equip the unfurnished unit. Acquisitions for Music equipment During the year under review, the church bought additional musical instrument to aid in the objective of furthering their core charitable objective. Acquisition of Spiritual items The church purchased 2 new altar and other relevant spiritual items/ equipment to further our core charity objectives. Statement of Trustees, responslbllitles 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 consistentlv. 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 goinE concern basis (unless it is inappropriate to presume that the Charity will continue in operationl- The Board of Trustees has overall responsibility for ensuring 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 froffl legislation in other jurisdictions. Statement of disclosure of information to independent examiner Independent Examiner's Report for the Year Ended 31 December 2023 I report on the financial statements of the charity for the year ended 31 December 2023 which comprise the Statement of Financial Activities and Balance Sheet with associate notes. This report is made solely to the charity's Trustees, as a body, in accordance with section 145 of the Charities Act 2011 and regulations made under section 154 of that Act. My work has been undertaken so that I might state to the charity's Trustees those matters l am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity's Trustees as a bodyi for my examination work. Respective Responsibilities of Trustees and Examiner The charity's Trustees are responsible for the preparation of the financial statements, and they consider that an audit is not required for this year under section 144121 of the Charities Act 2011 (the Artl and that an independent examination is needed. It is my responsibility to.. Examine the accounts (under Section 145 of the Charities Aetl. To follow the procedures laid down in the General Directions given by the Charity Commissioners (under Section 14515llbl of the Charities Actl,. and To state whether matters have come to my attention. Basls of Independent Examlner's report My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept bv the Group/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 no opinion is given as to whether the accounts present a 'true and fairf view, and the report is limited to those matters set out in the statement below. Independent Examiner'5 Statement In connection with my examination, no matter has come to my attention: 11 which gives me reasonable cause to believe that in any material respect the requirements.. to keep accounting records in accordance with section 130 of the Act,. and to prepare financial statements which accord with the accounting records and comply with the accounting reqLJirements of the Act have not been met,. or 21 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached. SOLOMON ALLISTAR IMAATI Dated: 2911012024 Statement of financial activities for the year ended 31 December 2023 Unrestricted Restricted Total FuThd5 Total Fund5 2023 2023 2023 2022 Notes Ineomin£ Resources General offerings Gift Aid 95,920.02 95.920.02 Grant5 Total Incoming Resource5 95,921b.02 95,920.02 Resource5 expended Direct charitable expenditure Governance £osts Id 93,499.60 350.1)0 93,499.60 350.uo Id Total resources expended 93.849.60 93,849.60 Movemcnt In total fund for thc vcar- Nct income I {expenditure) for the year 2.070.42 Net Gain {LossO o investment 2.070.42 Fund Bal blf 2,070.42 Fund Bal elf Balance sheet as of December 312023 2023 2023 2023 2022 Notes FIXED ASSETS Tangihle assets CURRF.NT ASSETS 12 37,576.00 37,576.IHI Debtors 13 Cash at bankl in hAnd 6,179.03 0,179.63 CREDITORS amounts falling due within oDe year (1,200.00) (1,200.00) NET CURRENT ASSETS 4,979.63 4,979.63 TOTAL ASSETS LE88 CURRENT LIABILITES 42,555.63 42,5$5.63 CREDITORS amounts falling due more than ye#r NET ASSETS 42,555.63 CHARITY FUNDS Unrestricted funds 42,555,63 TOTAL FUNDS 42,555.63 st Notes to the Financial Statement for the Year Ended 31 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 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 perfonnance 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 ftirtherance 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 govemance of its a55ets and ale primarily associated with constitutional and statutory requirements. Support costs include central functionb and have been allocated to activity Cobt categories on a basis consistent with the use of resources. Depreciation Depreciation is calculated at rnte% estimated to write off the cost of all tangibl¢ fixed assets over their expected useful lives.. Equipment, Fixtures and Fitting.. 200/0 DuringF the year undeT 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 througJhout the yeaT. The funds held by the charity aTe either: Unrcstrictcd gcncral funds - thcsc arc funds which can bc uscd in accordancc with thc charitable objecLs at the discretion of the trustees. Designated funds - these are funds eamiarked by the trustees out of unrestricted general funds for specific fulure purposes or projects. RestTlC(ed funds - these are funds that can only be used for restricted purposes within the objects of tl)e charity. Reslriclions arise when specified by the donor or when funds are raised for restricted purposes. Endowment tunds - these are tunds that represent assets which must be held pem)anently by the charity. Income arising on the endowment fund can be used in accordance with the objects of the charity and is included in unrestricted income. Any capital gains or losses arising on the investments fonn part of the fund. Investment management charges and legal advice relating to the fund are charged against the fund. D 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 trnstees received any remuneration or reirnbursement of expenses during the year. 4 Net income resources Thig is stated after charging 2023 2022 POST Depreciation 9,394.00 5 Taxation The charity is exempt from corporation tax on ils charity. 6 Tangible fixed assets Equipment Fixtures and fittings Total Cost: At l January 2023 Additions 46,970.00 46,970.00 At 31 December 2023 46,970.00 46,970.00 Depreeiation At l January 2023 Provision for year At 31 December 2023 9J94.00 9J94.00 9,394.00 9,394.00 NET BOOK VALUE 37,576.00 37,576.00 7 Debtors 2023 2022 Prepayment and loans 8 Creditors: amounts falling due more than one year 2023 2022 Other Creditors 9 Creditors: amounts falling due within one year 2023 2022 Other Creditors 1,200.00 INCOME AND EXPENDITURE ACCOUNT FOR YEAR ENDED 31 DECEMBER 2023 INCOME Voluntary Donations Gift aid 95,920.02 Total income 95,920.02 EXPENSES Rent 20,110.00 7,700.00 1,560.00 6,170.00 18,550.00 2,050.00 6,500.00 12,900.00 2,600.00 800.00 200.00 Harvest Fuel General Equipment Music Equipment Spiritual items Fitting and Fixtures Furniture Subsistence Welfare Charity Ad hoc expenses Accounting Administration Travel Decor 1,200.00 364.00 350.00 780.00 1,000.00 8,500.00 1065.60 Finance Fee 1,450.00 Total Expenses 93,849.60 Surplus 2.070.42