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|TRUSTEES:|Reverend (Dr) Simeon A.|Adenigbagbe|Adenigbagbe|(Chair)|
|---|---|---|---|---|
||Pastor Adedayo Adenigbagbe
(Secretary)||||
||Deaconess Elizabeth
Olasebikan
(Member)||||
||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||||
||320HIGH ROAD, TOTTENHAM||||
||LONDON N15 4BN||||
|CONTENT:|1.Trustees' Report||||
||2. Statement ofFinancial|Activities|||
||3.Balance Sheet||||
||4.Notes to the Accounts||||
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|||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|
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||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|
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|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||||
|.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:||||
|Depreciation oftangible fixed assets- for|use by the charity|221|277|
|Accountancy
fee||300|300|
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|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|
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|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||||
|Net movement
in the funds for the year||||
|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|