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|Trustees:||Deborah Adeshina|.|
|---|---|---|---|
|||James Bamigboye||
|||Edward Edumijeke||
|||Richard Shoyoye||
|||Tonye Eke||
|Registered|office:|506 - 510Old Kent|Road|
|||Bermondsey||
|||London||
|||SE15BA||
|Charity number:||1004343||
|Accountants|and|Jash Burton B'Chaucer||
|Independent|Examiners|Chartered
Certified|Accountants|
|||Coleridge Road||
|||Surrey||
|||CRO 7BQ||
|Bankers:||Barclays Bank Plc||
|||Natwest Bank Plc||
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||||Unrestricted|Restricted|2021|
|---|---|---|---|---|---|
||||funds|funds|Total|
|||Notes||||
|INCOMING RESOURCES||||||
|~VI||||||
|Donations,
tithes and offerings|||353,785||353,785|
|Activities
or Generatin
Funds||||||
|Special fund raising - building project||3|158,730||158,730|
|Other incomin
resources||||||
|Gift aid receivable|||61,634||61,634|
|Sundry income|||6,057||6,057|
|Interest receivable|||148||148|
|Total incoming resources|||580,354||580,354|
|RESOURCES EXPENDED||||||
|(Costs ofactivities infurtherance|of the|||||
|objects ofthe charity)||||||
|Direct Charitable
activities|||204,584||204,584|
|Management
and Support activities|||161,220||161,220|
|Governance
costs|||20,240||20,240|
|Finance costs|||27,457||27,457|
|Total resources expended|||413,501||413,501|
|Movement
in funds for the period|||166,854||166,854|
|Total funds brought forward|||416,720||416,720|
|Total Funds as at 31December|2021||583,574||583,574|
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|||||Raushdah5|Eehichl||
|---|---|---|---|---|---|---|
||||Notes||||
|AXED ASSETS|||||||
|Tangible assets||||511,237||511,237|
|Current assets|||||||
|Stock|||9|2,966||2,966|
|Debtors and|prepayments||10|26,000||26,000|
|Cash at bank|and in hand|||265,563||265,563|
|||||294,530||294,530|
|Che5tors: amounts||falling due|||||
||within|one year||(18,184)||(18,184)|
|Net current|assets|||276,346||276,346|
|Total assets|less current liabiMes|||||787~|
|Creditors: amounts||falling due after|||||
||more than one year||12|(204,009)||(204,009)|
|||||583,574||583474|
|Rnanced by|||||||
|Funds||||5&3,574||583,574|
|||||583,574||583,574|
|INCOME||||
|---|---|---|---|
|Donations,
tithes and offerings:||||
||- Unrestricted||353,785|
|Other income||||
|Interest receivable||148||
|Gift aid||61,634||
|Mission/branch
contributions||158,730||
|Sundry income||6,057||
||||226,569|
||||580,354|
|EXPENDITURE||||
|Direct Charitable|Costs:|||
|Wages||105,938||
|Rates||2,636||
|Honorarium||13,246||
|Travel and subsistence||2,475||
|Evangelism||483||
|Welfare support||14,577||
|Training||13,975||
|Pensions||||
|Outreach work||9,940||
|Conferences
and Meetings||25,731||
|Missions||12,091||
|TV, Airtime 4,publicity||2,713||
|Gift and Donations||777||
|||204,584||
|Management
&Support||||
|Wages||45,402||
|Rent and rates||827||
|Insurance||8,083||
|Light and Heat||11,079||
|Telephone||4,264||
|Postage and stationery||3,872||
|Repairs and renewals||22,300||
|||95,827||
|Balances carried forward||300,411|580,354|
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|||||2021||
|---|---|---|---|---|---|
|Balances brought
forward|||300,411||580,354|
|Management|&Support|-cont'd||||
|Office and general admin|||6,309|||
|Computer
and equipment||expenses|4,443|||
|Security Expenses|||1,047|||
|Subscriptions|||9,401|||
|Hospitality
and office expenses|||960|||
|Depreciation|-Freehold Property||9,758|||
|Depreciation|-Plant and|Machinery|4,074|||
|Depreciation|-Fixture &Furnitures||4,997|||
|Depreciation|-Computer|Equipment|23,550|||
||||65,393|||
|Governance|costs:|||||
|Legal 8z Professional|||15,740|||
|Accountancy|fees||4,500|||
||||20,240|||
|Finance Costs:||||||
|Bank charges|||1,394|||
|Mortgage
interests|||26,063|||
||||27,457|||
||||||413,501|
|Surplus for|the period||||166,854|
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|Land and|buildings|2%|cost/valuation|cost/valuation|
|---|---|---|---|---|
|Plant and|machinery|25%|reducing|balance|
|Fixtures|and fittings|25%|reducing|balance|
|Computer|and other equipment|25%|reducing|balance|
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|||2021|
|---|---|---|
|Tithes and Offerings||338,616|
|Donations||15,170|
|Gift Aid||61,634|
|Other Income||6,057|
|Mission/branch|contributions|158,730|
|||580,206|
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|Governance
costs
The governance
costs ofthe charity consisted ofthe following costs:||
|---|---|
||2021|
|Accountancy
fees|4,500|
|Auditor's
remuneration||
|Legal and professional|15,740|
||20,240|
|Finance costs||
||2021|
|Bank charges|1,394|
|Mortgage
interest|26,063|
||27,457|
|Net incoming resources||
|The net incoming resources are stated after charging the following costs:||
||2021|
|Depreciation|42,379|
|Auditors'
remuneration||
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||Land th|Plant th|Fixtures 4|Motor|~Com uter|
|---|---|---|---|---|---|
||~buildin
s|machinerX|~fittin|vehicles|equi ament|
|Cost||||d||
|Balances b/f|487,881|105,760|71,600|19,585|200,995|
|Additions|||||4,587|
|Elimination/Disposal||||(19,585)||
|Balances c/f|487,881|105,760|71,600||205,582|
|Accumulated||||||
|de reciation||||||
|Balance b/f|64,751|89,462|51,612|17,488|111,381|
|Elimination/Disposal||||(17,488)||
|Charge for the year|9,758|4,074|4,997||23,550|
|Balances c/f|74,509|93,537|56,609||134,931|
|Net book value||||||
|At 31/12/2021|413,372|12,223|14,991||70,651|
|||2021|
|---|---|---|
|||Total|
||Cost||
||Balances b/f|885,821|
||Additions|4,587|
||Elimination/Disposal|(19,585)|
||Balances c/f|870,823|
||Accumulated||
||de reciation||
||Balance b/f|334,694|
||Elimination/Disposal|(17,488)|
||Charge for the year|42,379|
||Balances c/f|359,586|
||Net book value|511,237|
|9.|Stock|2021|
||Stockofconsumables|2,966|
|10.|Debtors|2021|
||Prepayments
and accrued income||
||Other debtors|26,000|
|||26,000|
|11.|Creditors due within 1year|2021|
||Loans and overdraft|11,400|
||Other creditors|2,284|
||Accruals|4,500|
|||18,184|
||Creditors due after 1year|2021|
|12.|Loansandoverdraft|204,009|
##
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|||Balances at|Movement|in|Resources/funds|Balances at|
|---|---|---|---|---|---|---|
|||01/01/2021|~Incomin||~Ont oin|31/12/2021|
|Unrestricted|funds|416,720|580,354||(413,501)|583,574|
|Restricted funds|||||||
|||416,720|580,354||(413,501)|583,574|
|||||||2021|
|Represented
Fixed Assets|by:|||||511,237|
|Current Assets||||||294,530|
|Liabilities||||||(222,193)|
|||||||583,574|
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