Registered Charity Number 276412
Eternal Sacred Order of Cherubim & Seraphim Church (Mount Zion) REPORT AND FINANCIAL REPORT STATEMENTS AS AT 31 MARCH 2023
Eternal Sacred Order C&S
The Council of Management presents its report and financial statements for the year ended 31 March 2023
Activities and Review
Eternal Sacred Order of Cherubim and Seraphim church is a registered charity whose principal aim is to promote and advance Christian Fellowship.
Provision of Christian literature in relation to the Holy Bible, support families facing hardship, offer holiday and recreation for children and families of all races and sexes.
Council of Management Responsibilities
The Council of management is to prepare financial statements for each financial year which give true and fair view of the Association and of the surplus or deficit for that period. In preparing those financial statements, the council of management is to:
*select suitable accounting policies and apply them consistently
*make judgement and estimate that are reasonable and prudent
*prepare the financial statements on the going concern basis.
The Council of management is responsible for keeping proper records which disclose with reasonable accuracy at any time the financial position of the Association. It is also responsible for the safe guarding the assets of the Association and hence for taking reasonable steps for the prevention and deetention of fraud and other irregularities.
Members of the Council are as follows:
The Spiritual Mother Janet Awojobi Lady Chairperson Sister F Awojobi Secretary Sister B Awojobi Treasurer Sister Beatrice Adebisi Member
The Council of Management have no beneficial interest in the order and are not remunerated.
Approved by the Council of Management on
Eternal Sacred Order C&S
REPORT OF THE INDEPENDENT EXTERNAL EXAMINER
The Trustees are responsible for the keeping and the maintenance of the accounting records I have prepared the accounts under the historical convention and the accounting policies set.
I will report if there is any inconsistency in the accounts prepared by the Trustees in accordance with relevant requirements undrer the Statements of Recommended Practice for Charities. I will also report if proper accounts has not been kept, if I have not received all information and explanations for the prepation of the accounts or if the transactions with the charitable organisation is not disclosed.
I have prepared the attached accounts from the books of financial activities and information supplied to me and certify them to be in accordance therewith.
This report is made to solely to the members, as a body, in accordance with Chapter 3 of part 16 of Companies act 2006. The accounts have been prepared so that it might state to members those matters required and for no other purpose. We do not accept or assume responsibility to anyone other than members as a body, for this report and for the opinions formed.
This is an independent Examiners report as the charity income is under £250,000 turnover and is classified as a small charity organisation.
Independent Examiner
Eternal Sacred Order C&S
BALANCE SHEET AS AT 31 MARCH 2023
| BALANCE SHEET AS AT 31 MARCH 2023 | |
|---|---|
| Building at cost Net Current asset Total Asset Current Liabilities Amount falling due within one year Net current asset Amount due over one year Total Funds Restricted Unrestricted Total |
2023 2022 53602 53602 11648 23480 |
| 65250 77082 |
|
| 27500 25600 -30254 -37739 |
|
| 62496 64943 |
|
| 116724 120347 -54228 -55404 |
|
| 62496 64943 |
__________ Chairman
Eternal Sacred Order C&S
Statement of Financial affairs as at 31 March 2023
| Income | Notes | Restricted | Unrestricted | 2023 | 2022 |
|---|---|---|---|---|---|
| Income | 2 | 85120 | 34209 | 119329 | 84086 |
| Other income | 5000 | 5000 | 3959 | ||
| Total incoming Resources | 85120 | 39209 | 124329 | 88045 | |
| Resources Expended | 3 | ||||
| Direct Charitable Expenditure | 44380 | 19020 | 63400 | 22650 | |
| Services and Projects | 21210 | 9090 | 30300 | 34750 | |
| Support cost | 10253 | 4394 | 14647 | 5337 | |
| Other expenditure | |||||
| Management and Administration | 12900 | 5529 | 18429 | 18393 | |
| Total Resources Expended | 88743 | 38033 | 126776 | 81130 | |
| Net incoming/outgoing Resources | -3623 | 1176 | -2447 | 6915 | |
| Funds brought forward | 120347 | -55404 | 64943 | ||
| Funds carried forward | 116724 | -54228 | 62496 |
Eternal Sacred Order C&S
NOTES TO THE ACCOUNTS FOR THE YEAR AS AT 31 MARCH 2023
1. Accounting Policies
The financial statements have been prepared in acordance with applicable accounting standards and following the recommendatons in the Standard of Recommended Practice
Activities when received.
Restricted funds are to be used for the specifiec purposes related to the building and the main objectives of the charity. Expenditures that meet this criteria is identified to the fund. Unrestricted funds are donations and other income received or generated for charitable purposes.
No staff cost incurred. Members spend time to serve the congregation on voluntary basis.
| Restricted | Unrestricted | |||
|---|---|---|---|---|
| 2. Income | 2023 | 2022 | ||
| Tithes | £5,505 | £5,505 | £10,624 | |
| Offerings | £12,204 | £12,204 | £8,250 | |
| Thanks Offerings | £15,000 | £15,000 | £2,688 | |
| Special Events | £7,000 | £7,000 | £3,919 | |
| Other income: | £5,000 | £5,000 | £40 | |
| Rent | £79,615 | £79,615 | £62,524 | |
| Total | £85,120 | £39,204 | £124,324 | £88,045 |
3. Total Resources Expended
| Direct | Services & | Support | Managem | |
|---|---|---|---|---|
| Charitable | Projects | Cost | ent cost | |
| Food Provision | £12,000 | |||
| Travel Expenses | £8,700 | |||
| Christmas and Easter services | £15,500 | |||
| Materials for use in services | £15,000 | |||
| Telephone bills | £7,500 | |||
| Utilities | £5,000 | |||
| Donation to Charities | £7,800 | |||
| Stationeries | £247 | |||
| Keyboard Expenses | ||||
| Building expenses | £19,000 | |||
| Church Anniversary | £16,500 | |||
| Church Council dues | £400 | |||
| Church Caretaker | £700 |
Insurance £6,420 Preparation of Accounts £750 Bank loan £11,259 Total £63,400 £30,300 £14,647 £18,429