Registered charity Number 260353 England and Wales Cherubim & Seraphim Church (UK Headquarters) Report and financial statements for the year ended 31 December 2tr20
Chernbim & Seraphim Churth (UK Headquarters) Legat and adrninistrative InforntiOn Trustees His Grace Baba Aladura S. A. Abidoye (Chairman) Special Apostle A. Adejokun Srecial Apostle J. A. Odufona Special Aposde Pastor S. O. Sobo Special Apostle uIre Most Senior Apostle T. A. AnjoriTh SFecial Mother R. L Bamidele Sla1 Mother E. Shadare Special Mother V. A. Otvokun Registered charAty number 260353 England and Wales PTincipal location 175 Earlham Grove Forest Gate London E7 9AP Accountants Elliot Akin5 & Co Chartered Certified Accountants 1st Floor. Cavendish House 369 Burnt Oak Bnmdway Edgware Middlesex HA8 SAW
Cherubim & SeraphÈm Church (UK Headquarters) Contents Page Trustees, report Independent examiner'5 report Statement of financial activities Balance sheet Notes to the financial statements
CHERUBIM AND SERAPHIM CHURCH UK HQTR'S 175 Earlham Grove. London E 7 9AP BOARD OF TRUSTEES ANNUAL REPORT FOR YEAR ENDING December 2020 Baba Aladura S.A. Abidoye, the Spiritual Leader Adejokun, and the Board of Trustee's greet all our members who have taken time to attend today's online AGM meeting. We give glory and praises to God for giving us the grace especially during this pandemic year to witness yet another Annual General Meeting. The pandemic during this year limtied our church activities. However, we give glory and thanks to God even though the building was closed we continued our services online and on z(M)m. The Church observed COVID govemment Ghurch worship health and safety guidelines. We conducted Health and Safely rtsk assessment and put meaSUS in place such as social distancing, wearing of face protective shields. same family's seat in bubble. sanitation hygienic measures. a shortened worship service. All scheduled weekly ServIS - Sunday Worship Services, Shiloh Services. Friday Evening serViS, Visioners Band Prayer Services, Band Prayer meetings and end of the month services including the end of the month Friday Night Vigil were slreamed online. Board of Trustees. Administrative and Bands. prayer meetings were held online. We did nol allow the pandemic lo stop us to continue with our scheduled meetings. Wejust thank God for His mercy and protection for giving us the strength to worship Him come any srtuats.on we find ourselves in. Other activities continued online such as Sunday school zoom, Choir praCtIS on zoom. David and Deborah band Bible Quiz zoom sessions and all Anniversanes including the main Church Anniversary. As the government continued to lift the religious worship lockdown restrictions and openad churches to worship once again, the church introduced Eventbrite pre booking system on a first come first basis to limit the numbers attending the seICe capped at 50. The service was shortened to one and half hours to lirnit members congregating for a long time indoors and thus protecting the members and keeping safe. The pandemic drastically changed our lives ovemight. As a result, the Trustees agreed to distribute dried foodstuffs and beverage lo all members of the church during the first lockdown. Morning Star Band members distnbuted foodstuffs and beverages to all members during the latter part of the loGkdown. Chestnut Nursery which is associated with the church suffered a drastic loss of income due to lockdown and the Trustees, at the request of Ihe Nurserfs management, agreed a month rent break. to help the Nursery stay afloat, so that they could sland on their feet until the Government lifted the Nursery restrictions. We just glorify God for His mercy and protection over the entire members of the church. We have had no cause to lament over any member of the church. The Lord has been Pfesenl in all our hom85 dLJring Ihe weekly online services. The building was dosed during the pandemic but our Spirit and our praises to Almighty God were not closed. Pagelof2 Board of Trustees Annijal RetM)rt December 2019
We especially give thanks to Almighty God forthe safe delivery of all our baby girls and boys. The anxiety of pregnancy during COVID was stressful to our mother's but the efficacy of prayer delivered healthy babies and the Mothers were well. Glory be lo His Name. We thank God for looking after our Elders during this pandemic and are gradually coming back to church. All in all, we thank all the members of the church for their faith and hard work and dedication to ensure the church stands strong and on its feet. Signature: .. Date: 19 September 2020 For and on behalf of the Chaimwn of the Board of Trustees Special Apostle A. Adeiokun Spiriti1 Lead Page2of2 Prf)ard ofTrLStees Annual Report December 2019
Cherubim & SeEaphim Church (UK Headquarters) Independent examiner's report to the truste@ members of Cherubim & Seraphim ChIch for the y&ir ended 31 December 2020 I report on the accounts for the year ended 31 DeCemr 2020 which are set out on pages 6 to 9. Respedive responsibilitie5 of trustees and examiner The charity's trustess are responsible for the preparation of the accounts. The charity's trusiees consider that an audit is not required for thi5 year under section 144 of the Charxties Act ?011 (the charities Act) and that an independent examination is needed. It is my responsibility to: - examine the accounts undeT section 145 of the charities ACL - to follow the procedures laid down in the general Directions given by the ChaTity Commission ILLnder section 145(5)(b) of the Charities ACL and - to State whetheT particular matters have come to Tny attentio Basis of independent examxnetrs report My examination was carried out in accordance with general DiTÉrtions given by the Charlty G)M]SSion An examination includes a review o( the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consxderation of any unusual items or disclosures in the accounts. and king explanations from the trustees concerning any such matters. The pr(Kedures undertaken do not prode all the evidence that would be requxred in an audit, and consequentty no opinion is given as to whetheT the accounts present a'true and fair, view and the report is limited to those matters Set out in the statement below. Independent examinrfs staternent In the course of my examination, no matter has come to rny attentiOLL . which gtves nie reasonable cause to lIeVe that iry any material TespcL the rquirements: to keep accounting records in accordajice with section 130 of the Charities Act to PTepare accounts which aCCOTd with the accounttng recor(ts and comply with the accounting requirements OE the Charittes ACL. have not been met.. or 2. to which, in my opiniorn attention should drawn in order to enable a proper understsnding of the accounts to reached. Elliot Akinjirin Chartered Certified Accountants 1st Floor. Cavendish House 369 Burnt Oak Broadway Edgware Middlesex HA8 SAW 06 September 2021 Page 3
Cherubim & Seraphim Church (UK Headquarters) Stalement of Finanrial A(tivities for the year ended 31 Decellther2020 Restricted fund5 Total nds Total funds 2(n9 Noie5 funds Inroming resources Incorning resources from generaied Mnds". Voluntary income." donations Activities in furtheran of <haritable artivities Investtnent income 55,340 5,210 32.219 32,219 -32,41k 93J)33 Total itttomingresources Resources expended Charitable activities.. ReligLOUS organitions.. donations Other charitable purw)5e5 Relief of poverty s.7 1.157 5.967 1.157 3.397 1,575 Governance co5. ManageTnent and administraliYe5COSts Total Ee$ouTce$ used 70.899 7822 75,630 82J32 Net ittcotixittg tesourees 1577) 10,701 Net movement irt funds IIZi77) 111574 10,701 Balallce at l January 2020 i.Wl,931 I,(Y94,951 1,084.230 Balance at 31 December ij54 1.0813M 1,094,931 Fage 4
Cherubim and Seraphim Church (UK Headquarters Balance Sheet as at 31 December 2020 2020 2019 Fixed assets Tangible assets Notes 817,114 817.114 824,669 824,669 Current assets Debtors io 1.018 269,4>)4 271,012 Cash at bank and in hand 265.gxA) 265.W) Creditors: amounts falling due within one year li (750) Net current assets 265.240 270,262 Total a55ets le55 current liabilities 1.094,¥Jl credito amounts fallins due after more than one year Net assets l.(k12J54 1,094,931 Reserves Accumulated reserves i.(Y94,931 (12,5771 1,084,230 10,701 Surplus for the year Total funds 1.082.354 1,094,911 The finanoal stateTnents were approved by the knrd of trustees on 05 &ptemEer 2021 and signed on its tEhatE by. Spec e A. Adeiokun For and on behlaf of the chairnn of the Board of Trustees The notes on Pa 6 to 9 forni an integTal part of these financial statements Page 5
Chernbsm & Seraphxm Church (UK Headquarters) Note5 to the financial statement5 for the year ended 31 December 2020 1.0 Aecountins policies 1.1 Aryountins convention The financial statemenls are prepared under the historical cost convention and in accordance with the Statement of Recommended Practice. Accounting and Reporting by Charities (%)RP 2005). The finanoal statements do not include a cash fIow staietnent because the chpArity as a small reportin8 entity, is exempt fvom the requirernent to prepare such a statemenL 1.2 Incoming Resources Tithes arkd offerings". Incoming resources includes couOn$ from tithes. thanksgiving and special Servi received during the year. Investment income: Investsnent income consists of bank interest and Tent received during the year. 1.3 Resources expended Resources expended inclusive of value added tax are Included in the Statement of Financial Activities on an accrual basis. 1.4 Tansible fixed assets and depreciation Tangible fixed assets for use by the charity are stated at cost less depreciation. Depreciation is Provided at rates calculated to write off the ct less Te5idual value of each asset over its expected useful life, as follows: Fixtures and equipment Motor vehÈcles Freehold property 20% on cost 20% on cost 2% on cost 2a Donations aDd similar incoming resources 2019 Offerings Thanksgiving Special services AnniveTsary Tithes 18549 13.727 11,267 6,343 23,699 5),340 IlJ97 29,916 Page 6
Cherubim & Seraphim Church (UK Headquarters) Notes to the financial Statements for the year ended 31 December 2020 2b Activities in furtherance of charitable aetivities 2020 2019 Other income 5,210 5,210 2c Investment income 2020 2019 Rent received Bank interest recetved 311KK) 219 32,000 32.219 32,483 Resources expended on charitable arttvities 2020 2tll9 Donations 5,967 5,967 1.730 1,730 Resources expended on other charitable activities Conferences. retreats and annersaries TTansportation 2019 5(Kl 1,157 I,li7 3,397 ResouTces expended on poveAty relief 2020 2019 Hospitaltty 1,575 I,)75 Page 7
Chernbim & Seraphim Church (UK Headquarters) Notes to the financial statements for the year ended 31 December 2020 Governance cos. Expendlture on nwiagingadministering the charity Rent and rates Telephone Prtnlin& postage and stationery Light and heat Cleaning aergy maintenance Repairs and building maintenarKe cOPUter consumables tEgal and professional fees Accountsncy Bank charges Insurance Sundry expenses Depreciation 2020 2019 4.041 1,102 576 liJ64 1.969 860 4287 15J86 5,024 121]0 30A76 349 1,200 27,855 750 25 5.671 1,978 7,555 75.630 5.729 7,55i Net movement in funds for the year 2019 Net movement in funds is stated after charging. Depreciation of tangible fued assets. 7.555 7,555 Funds Unrestrxcted ReStriCd Total Funds 2020 Total Funds 2019 Funds Funds Atjanuary Surplus for year 1,091.931 (1>77) i.(W.¢¥31 (12,577) 1.084,230 10,701 At 31 December 1.08?,354 1,094,931 Unrestri¢ted funds comprise those funds which the tntstees are free to use in accordance with the chariL)ble obiects. Restricted funds are funds which have i*en given for particuIar purposes and proFcts. Page 8
Chernbim & Seraphim Church (UK Headquarters) Notes to the financial statements for the year ended 31 December 2020 Tangible fixed assets Freehold Fixtures and equipment Motor Vehicles Total Cost at l January 2020 99],[7 132,987 24,( 1,148,034 Additions At 31 December 2020 991.047 131987 24,( 1,148,034 Depreeiation At l January 2020 IZ3255 323.365 Charge for year 1755 7.555 At 31 DeCeMr 2020 ICA),il0 126,010 14,4 330,920 Net book value At 31 Dernber 2020 8(K).537 6.977 817,114 At 31 December 2019 81XJ,537 9,T32 I4,4(1 824.669 10 Debtors 2019 Prepayment and accrued income 11 Creditors: amotsnts fallins due within one year Other credidors & accruals 2020 2019 750 750 750 12 Related party transaetions and charges No payment were made to Trustees OT any other persons cOnneCd with them during this financial year in their capacity as TrusiÉes. No mateTial traTwctions took place i*tween the charity and the Trustess or any person connected with them. Pa8e 9
Cherubim and Seraphim Church (UK Headquarters) Income and expenditure account for the year ended 31 December 2020 2019 Income receivable 65226 92.i50 Administrative expenses Rates Light and heat Repairs and maintenance Cleaning expenses Donations Clergy maintenan Printin& postage & stationery Telephone AccountatLCy Computer consurnables Events & conventions Website expenses Travel and motor expenses Bank charges Insurance Legal and professional fees Sundry experLses Hospitality Depreciation motor vehicles DePrtiOn plant and equipment 4.041 11264 27B55 1,969 15386 30,476
,024 I,T30 1200 4J87 5.967 1.21M) ?76 1.102 750 349 1,157 297 5,6n 1260 1,978 1,57i 17i5 2,755 82,332 10,218 Surplus {12,796) Interest receivable Bank deposit 219 219 Surplus for the year 10.701