IMMO UK 4FoNIO Cheribim and Seraphim Movement Church, Jehovah Jireh District, Ayo ni O UK (Charity Registration number 1202860) ANNUAL RETURN FOR YEAR END 31 December 2024
CONTENTS PAGE Legal and administrative information Report of the trustees Independent Examinerf5 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 Motoluwake Kehinde Oluwabusayo Ebenezer Oluwatimilehin Abiloye 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 M124AH Bankers HSBC BANK
Report of the Trustees for the Year Ended 31 December 2024 The trustees are pleased to present their report together with the financial statements of the charity for the year ended 31 December 2024 Structure, Governance and Management Objectlves and Activitles The objects of Cherubim & Seraphim Movement Church, Jehovah Jireh District, Ayo Ni O UK is to advance the Christian faith lin atcordance 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 counselling, 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-LJP With volunteer Doctors and Nurses. This forum has been very helpful in dictating early symptoms of sicknesses and illnesses and referring the affected to hospltals 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 activitie5 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 Financial Sources The church income comes mainly from the weekly tithes and church building fLJnds, other church contributions such as thanksgiving, annual conference, travel, and music funds.
Acquisitions for Music equipment During the year under review, the church bought additional musical instrLJments to aid in the objective of furthering their core charitable objective. Statement of Trustees, responsibilities 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 Englandlwales 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 consistently. Made judgments and estimates that are reasonable and prudent, Stated whether applicable accounting standards have been followed, subject to anv 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). The Board of Trustees has overall responsibility for ensuring that the Charity has an appropriate system of controls, financial and OthelSe. 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 Att 1993. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the detettion 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 from legislation in other jurisdirtions. Statement of disclosure of information to independent examiner
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Independent Examinerfs Report for the Year Ended 31 December 2024 I report on the finantial statements of the charity for the year ended 31 December 2024 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 body, 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 Act) and that an independent examination is needed. It is my responsibility to: Examine the accounts (under Section 145 of the Charities Act). To follow the procedures laid down in the General Directions given by the Charity Commissioners lunder Section 14515llbl of the Charities Act),. and To state whether matters have come to my attention. Basis of Independent Examiner'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 by 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 fair, view, and the report is limited to those matters set out in the statement below. Independent Examiner's 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 requirements 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.. 0811012025
Statement of financial activities for the year ended 31 December 2024 Unrestrieted Restrieted Total Funds Total Funds 2024 2024 2024 2023 Notes Ineomlng Resources General offerings Glft Ald la-e 41.872.44 350.IMI 42,222.44 95,920.02 Grants Total IThcoming Resources 41,872.44 350.IMI 42,222.44 95,920.02 Resource5 expended Direct charitable expendithre GoverThance costs Id 39J97.84 39,397.84 3SO.00 93,499.60 350.00 Jd 350.00 Total resources expended 39J97.84 350.00 39,747.84 93,849.60 Movement in total fund for the vear- Net income I (expenditure) for the yek)r 2,474.60 2,070.42 Net Gain {LossO on Investment 2,474.60 2,070.42 Fund Bal blf 2,070.42 2,474.60 2,070.42 Fund Bal clf
Balance sheet as of December 312024 2024 2024 2024 2023 Notes FIXED ASSETS Tangible assets CURRENT ASSETS 12 30,220.80 30,220.80 37,576.00 Debtors 13 Cash at bankl hand 2,754.23 2,754.23 6,179.63 CREDITORS amounts falling due within One year (600.00) (600.00) (1,200.001 NET CURRENT ASSETS 2,154.23 2,154.23 4,979.63 TOTAL ASSETS LESS CURRENT LIABILITES 32,.175.113 32,375.03 42,555.63 CREDITORS amounts falling due more than year NET ASSETS 32,375.03 42,555.03 CHARITY FUP4DS Unrestrlcted funds 32,375.03 42,555.63 TOTAL FUNDS 32,375.03 42,555.63
st Notes to the Financial Statement for the Year Ended 31 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 funds Incoming resources from generated funds represents donations towards weekly tithes, church biiilding fund, thanksgiving, annual conference, travel and other contributions c) Incotning resources- Interest receivable Interest is credited in the year in which it is received. d) Rcsourccs cxpcndcd ExpLnditurL is rccognis¢d when a liability is incurred. Funding provided through contractual agre¢ments and p¢rlorn]anc¢ r¢lafrd grants are r¢cogni%ed as s¢rvic¢8 ar¢ suppli¢d. Other grant paym¢nts ar¢ recognis¢d when a constructive obligation aris¢s that r¢sults in the payment being unavoidable. Costs of generating funds ar¢ thos¢ costs incurred in attracting voluntary income, and thos¢ incurr¢d in activities that raise funds. Grants payable are payments made to third parties in the furtherance 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 antS are made when the intention to make a gryant has been communicated to the recipient but there is uncertainty about either the tirning of the grant or the amount of grant payable. Governance costs include those incurred in the governance of its assets and are primarily associated with constitIOnal and statutory requirements. Support costs include central fiCtionS 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.. 200/0
DuringJ the year under 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 Lonsistently throughout the yeaT. The funds held by the charity are either.. Unrestricted general funds - these are funds which can be used in accordance with the charitable objects at the discretion of the trustees. Designated funds - these are funds earmarked by the trustees out of unrestricted general funds tor specifie future purposes or projects. Restricted funds - these are funds that can only be used for restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for restricted purposes. Endowinent funds - these are funds that represent assets which must be held pern]anently by the charity. Income arising on the endowment tund 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 forni part of the fia. Investment management charges and legal advice relating to the fund are charged against the fid. 0 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 Emplovee information None of the trustees received any remuneration or reimbursement of expenses during the year. 4 Net income resources This is stated after charging 2024 2023 POST Depreciation 7,555.20 9,394.00 5 Taxation The charity is exempt from corporation tax on its charity.
6 Tangible fixed assets Equipment Fixtures and fittings Total Cost: At l January 2024 Additions 35,576.00 2,200.00 37,776.00 35,576.00 2,200.00 37,776.00 At 31 December 2024 Depreciation At l January 2024 Provision for year At 31 December 2024 7,555.20 7,555.20 7,555.20 7,555.20 NET BOOK VALUE 30,220.80 30,220.80 7 Debtors 2024 2023 Prepayment and loans 8 Creditors: amounts falling due more than one year 2024 2023 Other Creditors 9 Creditors: amounts falling due Ivithin one year 2024 2023 Other Creditors 600.00 1,200.00
INCOME AND EXPENDITURE ACCOUNT FOR YEAR ENDED 31 DECEMBER 2024 INCOME Voluntary Donations Giftaid 42,222.44 Total income 42,222.44 EXPENSES Rent Annual Harvest Fuel Music Equipment Spiritual items Furniture Subsistence Welfare Charity Ad hoc expenses Accounting Administration Travel Finance Fee 19,500.00 5,000.00 2,600.00 1,200.00 2,500.00 1,000.00 1,200.00 2,700.00 1,900.00 520.00 250.00 181.00 400.00 196.84 250.00 Total Expenses 39,747.84 Surplus 2,474.60