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2022-12-31-accounts

DANIEL FAMOK k ASSOCIATES
ACCOUNTANTS
&FINANCIAL CONSULTANTS
UNIT 209,TUDORLEAF BUSINESS CENTRE
2-8 FOUNTAYNE ROAD,
LONDON
N15 4QL

Notes Unrestricted Restricted Total Total
Funds Funds ~2022 ~2021
INCOMING RESOURCES 1 f.
Incoming ResourcesPom
generated funds
Volunta
Income
Tithes Collections 8,813 8,813 10,793
Offering Collections 9,708 9,708 3,303
Anniversary
&Special Offerings		 807 807 5,263
Building & Members' welfare donations 56 56 3251
HMRC Gift Aid Tax Reclaim Benefits 6,135 6,135 6,658
Total Incoming Resources 25,51S 25,518 29+68
RESOURCES EXPENDED
Charitable
Activities		 35,115 35,115 10,635
Governance
costs		 1,100 1,100 1,050
Total resources expended 36,215 36,215 11,685
NKT MOVEMKNT IN FUNDS 4 (10,696) (10,696) 17,583
RECONCILIATION OF FUNDS
Total funds brought forward 118,963 118,963 101,380
Total funds carried forward 108,267 108,267 118,963
F&IXK9ASSETS
Tangible Iixed Assets
CURRENT ASSETS
Sundry Debtors
Building Pund investments		 105,603 500
100,173
Cash atBank and in Hand 2,764 17,704
108,367 118,377
LESSCREMTORS:
Amounts
faHing due &vithin one year		 400
NET CURRE~NT ASSETS 12 107,967 118,077
REPRESENTED BV;
Unrestricted
Funds		 108,267 118,963

2.CHARITABLE ACTIVITIES 2.CHARITABLE ACTIVITIES ~2022 ~2021
f.
Pastoral Allowances 4,600 3,600
Evangelism &Overseas Missions 2,229 1,039
Honorarium
&Gifts to visiting ministers		 300
Rent and Service Charges 6,384 560
Bank charges and fees
Members'
Welfare &Supports		 20,960 4,115
Printing, Postage and Stationery 100
Travelling &Motor Expenses
Hospitality,
Re&eshment &Events		 56
Donations & Support to charities 100 200
Insurance
Premium		 500
Choir, Media, Training & Seminars 200
Volunteers'
Allowances &Expenses
Equipment
Repair &Renewals
Depreciation offixed assets 586 221
Telephone &fax
35,115 10,635
3.GOVERNANCE COSTS ~2022 ~2021
Legal and Professional
fees		 700 750
Accountancy &Independent
examination		 fees 400 300
1,100 1,050
~2022 ~2021
20,960 4,115
Members'
welfare costs included		 expenses incurred on the burial programme
ofthe founding
father ofthe CGCLT, Rev (Dr) Simeon Ayodeji Adenigbagbe, who passed on during the financial year 2022.
4. NET MOVEMENT IN FUNDS FORTHE YEAR ~2022 ~2021
The net movement
in funds for the year is stated after charging:
Depreciation oftangible fixed assets- for use by the charity 586 221
Accountancy
fee		 400 300

6.TANGIBLE FIXED ASSETS E(}lllPMENT TOTAL TOTAL
dE MUSICAL 2 022 2~021
Cost: As at 1stJanuary 2022 8,430 8,430 11,930
Additions
during the year
As at 31stDecember 2022		 8,430 8,430 11,930
Depreciation: As at 1stJanuary 2022
Charge for the year
As at 31stDecember 2022		 7,544
586
8,130		 7,544
586
8,130		 10,823
221
11,044
Net BookValue As at 31st December 2022 300 300 886
Net BookValue As at 31stDecember 2021 886 886 1,107
7A. DEBTORS: AMOUNT FALLING DUE WITHIN ONE YEAR ~2022 ~2021
Sundry Debtors 500
500

were paid at arms length basis and covers their travelling,
telephone
ex
ofthe gospel.		 were paid at arms length basis and covers their travelling,
telephone
ex
ofthe gospel.		 were paid at arms length basis and covers their travelling,
telephone
ex
ofthe gospel.		 penses and other basic needs as ministers
10.UNRESTRICTED FUNDS OFTHE CHARITY Unrestricted Total
Fund Fund
2~022 ~2021
Balance as at 1stJanuary 2022 118,963 101,380
Net movement in the funds for the year (10,696) 17,583
Balance as at 31stDecember 2022 108,267 118,963

B i)Ch g Total
Funds Fund
2~022 ~2021
Balance as at 1stJanuary 2022
Net movement in the funds for the year
Balance as at 31stDecember 2022
12.ANALYSIS OFNET ASSETS BETWEEN FUNDS Unrestricted Restricted Total
Funds Funds 2 022
Tangible fixed assets 300 300
Net Current Assets 107,967 107,967
108,267 108,267