| TRUSTEES: | Reverend (Dr) Simeon A. | Adenigbagbe | Adenigbagbe | (Chair) |
|---|---|---|---|---|
| Pastor Adedayo Adenigbagbe (Secretary) |
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| Deaconess Elizabeth Olasebikan (Member) |
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| Deaconess Rebecca A Adenigbagbe | (Member) | |||
| Reverend Ibukun Oluremi |
Oyedola | |||
| SECRETARY: | Reverend Ibukun Oluremi |
Oyedola | ||
| CHARITY NUMBER: | 1063473 | |||
| BANKERS: | BARCLAYS BANK PLC | |||
| WILLESDEN GREEN | ||||
| LONDON | ||||
| ACCOUNTANTS: | DAMEL FAMOK &ASSOCIATES | |||
| ACCOUNTANTS &FINANCIAL CONSULTANTS |
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| 320HIGH ROAD, TOTTENHAM | ||||
| LONDON N15 4BN | ||||
| CONTENT: | 1.Trustees' Report | |||
| 2. Statement ofFinancial | Activities | |||
| 3.Balance Sheet | ||||
| 4.Notes to the Accounts |
| Notes | Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|---|
| Funds | Funds | ~2021 | -~2020- | |||
| INCOMING RESOURCES | 1 | K | K | f, | ||
| Incoming Resources Pom generated funds | ||||||
| Volunta Income |
||||||
| Tithes Collections | 10,793 | 10,793 | 3,655 | |||
| Offering Collections | 3,303 | 3,303 | 3,114 | |||
| Anniversary &,Special Offerings |
5,263 | 5,263 | 19,164 | |||
| Building &Members' | welfare donations | 3,251 | 3,251 | 1,100 | ||
| HMRC Gift Aid Tax | Reclaim Benefits | 6,658 | 6,658 | 5,110 | ||
| Total Incoming Resources | 29,268 | 29,268 | 32,143 | |||
| RESOURCES EXPENDED | ||||||
| Charitable Activities |
10,635 | 10,635 | 25,005 | |||
| Governance costs |
1,050 | 1,050 | 900 | |||
| Total resources expended | 11,685 | 11,685 | 25,905 | |||
| NET MOVEMENT | IN FUNDS | 17,583 | 17,583 | 6,238 | ||
| RECONCILIATION | OF FUNDS | |||||
| Total funds brought | forward | 101,380 | 101,380 | 95,142 | ||
| Total funds carried | forward | 118,963 | 118,963 | 101+80 |
| Notes | ~2021 | ~2020 | |
|---|---|---|---|
| FIXEDASSETS | |||
| Tangible Fixed Assets | 886 | 1,107 | |
| CURRENT ASSETS | |||
| Sundry Debtors | 7A | 500 | 5,500 |
| Building Fund investments | 7B | 100,173 | 82,910 |
| Cash at Bank and in Hand | 17,704 | 12,162 | |
| 118,377 | 100,573 | ||
| LESSCREDITORS: | |||
| Amounts falling due within one year |
300 | 300 | |
| NET CURRENT ASSETS | 118,077 | 100,273 | |
| TOTAL ASSETSLESS LIABILITIES | 118,963 | 101,380 | |
| REPRESENTED BY: | |||
| Unrestricted Funds |
10 | 118,963 | 101,380 |
| 110963 | ~101 00 |
| 2.CHARITABLE ACTIVITIES | ~2021 | ~2020 | |
|---|---|---|---|
| Pastoral Allowances | 3,600 | 4,150 | |
| Evangelism &,Overseas Missions |
1,039 | : 772 | |
| Adve'it, PubIicity' &Media | 75 | ||
| Honorarium &Gifts to visiting ministers |
300 | 100 | |
| Rent and Service Charges | 560 | 1,155 | |
| Bank charges and fees | |||
| Members' Welfare &, Supports |
4,115 | 18,090 | |
| Printing, Postage and Stationery |
100 | 63 | |
| Travelling &Motor Expenses | 39 | ||
| Hospitality, Refreshment &,Events |
4 | ||
| Donations'& Support to charities |
200 | 50 | |
| Insurance Premium |
500 | 56 | |
| Choir, Training &,Media Expenses |
50 | ||
| Volunteers' Allowances &,Expenses |
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| .Equipment Repair &Renewals |
65 | ||
| Depreciation offixed assets | 221 | 277 | |
| Telephone &fax | 60 | ||
| 10,635 | 25,005 | ||
| 3.GOVERNANCE COSTS |
~2021 | ~2020 | |
| Legal and Professional fees |
750 | 600 | |
| Accountancy &Independent examination |
fees | 300 | 300 |
| 1,050 | 900 | ||
| 4. NET MOVEMENT IN FUNDS FORTHE YEAR | ~2021 | ~2020 | |
| The net movement in funds for the year is stated after charging: |
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| Depreciation oftangible fixed assets- for | use by the charity | 221 | 277 |
| Accountancy fee |
300 | 300 |
| 6.TANGIBLE FIXEDASSETS | EQUIPMENT | MOTOR | TOTAL | . | TOTAL |
|---|---|---|---|---|---|
| &MUSICAL | VEHICLE | ~2021 | - | 2~020 | |
| Cost: As at 1stJanuary 2021 Additions during the year |
8,430 | 3,500 | 11,930 | 11,930 | |
| As at 31stDecember 2021 | 8,430 | 3,500 | 11,930 | 11,930 | |
| Depreciation: As at 1stJanuary 2021 Charge for the year As at 31stDecember 2021 |
7,323 221 7,544 |
3,500 3,500 |
10,823 221 11,044 |
10,892 346 11,238 |
|
| Net Book Value As at31stDecember 2021 | 886 | 886 | 692 | ||
| Net Book Value As at 31stDecember 2020 | 1,107 | 1,107 | 1,038 | ||
| 7A. DEBTORS:AMOUNT FALLING DUE WITHIN ONE YEAR | ~2021 | ~2020 | |||
| Sundry Debtors | 500 | 5,500 | |||
| 500 | 5,500 |
| ~2021 | ~2020 | ||
|---|---|---|---|
| Barclays Bank Building Funds investment | account | 100,173 | 82,910 |
| 100,173 | 82,910 | ||
| S. CREDITORS: AMOUNT FALLING DUE WITHIN ONE YEAR | ~2021 | ~2020 | |
| Accruals | 300 | 300 | |
| 300 | 300 |
| Reverend (Dr) meon gg ength basis and covers their travelling, telephone expenses and ot |
her basic needs as | ministers othe gosp | . |
|---|---|---|---|
| 10.UNRESTRICTED FUNDS OFTHE CHARITY | U | tltd Fund |
Total Fund |
| ~2021 | ~2020 | ||
| f. | f. | ||
| Balance as at 1st January 2021 Net movement in the funds for the year |
101,380 17;583 118963 |
95,142 6 238. ISIPSS |
|
| Balance as at 31stDecember 2021 | |||
| B~ddi | Total | ||
| 11. RESTRICTED FUNDS | Funds | Fund | |
| ~2021 | ~2020 | ||
| Balance as at 1st January 2021 |
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| Net movement in the funds for the year |
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| Balance as at 31stDecember 2021 | |||
| 12. ANALYSISOFNETAESETSBETWEENFUNDS | Ucr ct It d Funds |
R t lcted |
Total ~2021 |
| Tangible fixed assets Net Current Assets |
886 118,077 118,963 |
886 118077 118,963 |