| Unrestricted | Unrestricted | Restricted | Endowment | Total | Funds | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Notes | Funds | Funds | Funds | 2022 | 2021 | |||||||
| INCOME | ||||||||||||
| Incoming resources from | donors | 2 | 59,255 | 59,255 | 58,195 | |||||||
| Other incoming resources | 2a | 0 | 206 | 0 | 206 | 2 | ||||||
| TOTAL INCOMING RESOURCES | Q | ~94 | ~17 | |||||||||
| RESOURCES EXPENDED | ||||||||||||
| Costs ofgenerating funds |
||||||||||||
| Missionary and Charitable |
giving | 3a | ||||||||||
| Activities directly relating | to the | |||||||||||
| work ofthe church | 3b | 38,666 | 38,666 | 39,129 | ||||||||
| Church management and |
administration | 3c | 5 | 646 | 0 | 5646 | 4916 | |||||
| TOTAL RESOURCES | EXPENDED | 44 | 12 | ~44 | 2 | ~44 | 4 | |||||
| NET INCOMING/(OUTGOING) | RESOURCES | 14 | 4 | Q | ~114 | ~14 1 | ||||||
| GAINS AND LOSSESON INVESTMENTS |
| CHERUBIM AND SERAPHIM | CHERUBIM AND SERAPHIM | CHURCH | |
|---|---|---|---|
| SURU-LERE | AYO NIO UK | TRUST | |
| BALANCE SHEET | ASAT 31DECEMBER 2022 | ||
| 2022 | 2021 | ||
| FIXEDASSETS | |||
| Tangible Assets | 314,051 | 301,330 | |
| CURRENT ASSETS | |||
| Debtors 5Prepayments | 659 | 660 | |
| Cash at Bank | 60,959 | 58,564 | |
| Cash in Hand | 643 | ||
| COIF Charities Deposit Fund | 21 288 | 21 082 | |
| 82906 | 80949 | ||
| 396,957 | 382,279 | ||
| CURRENT LIABILITIES | |||
| Creditors and Accruals |
3076 | - 3 846 | |
| 393,881 | 378,433 | ||
| LONG TERM LIABILITY | |||
| Loan | |||
| ~74 f | |||
| FINANCED BY:- | |||
| ACCUMULATED FUNDS |
|||
| Balance B/F | 378,433 | 364,431 | |
| Prior Year Adjustment | |||
| Add: (Deficit)/Surplus |
15448 | 14002 | |
| 9 | |||
| jQ APPROVED BYTHE BOARD OFT USTEES ON......./........... |
( | ||
| PASTOR FA ABATTI | HON TREASURER | ||
| SENIOR APPOSTLE JFA AJALA | CHAIRMAN |
| The depreciation rates are as fol |
lows: | |||||
|---|---|---|---|---|---|---|
| Freehold buildings | Nil | |||||
| Printing equipment and computer |
hardware | 10% | ||||
| Fixtures and Fittings | 10% | |||||
| Studio and Musical Equipment | 20% | |||||
| Sport Equipment | 20% | |||||
| 2. INCOMING RESOURCES | Unrestricted | Restricted | Endowment | Total Funds | ||
| Funds | Funds | Funds | 2022 | 2021 | ||
| Incoming resourcesPom donors |
||||||
| Planned giving: |
||||||
| Tithes | 7,737 | 7,737 | 28,196 | |||
| Missionary Funds |
||||||
| Collection (open plate) | at all services | ],629 | 1,629 | 6,011 | ||
| Offering | 5,496 | 5,496 | 3,760 | |||
| Harvest | 3,086 | 3,086 | 622 | |||
| Building fund |
30 | 30 | ||||
| Anniversary | 15,230 | 15,230 | 12,273 | |||
| Thanks giving |
9,183 | 9,183 | 7,144 | |||
| Donations | 16,610 | 16,610 | ||||
| Others/Interest TOTAL INCOMING |
RESOURCES | 254 | 206 J22j |
460 ~94 |
192 ~7 |
| Office | |||||||
|---|---|---|---|---|---|---|---|
| FIXEDASSETS | Freehold | ~Sort | Musical | ~Prtntin | Fixtures | & | |
| ~Pro ierr | ~Eui ment | E~ui ment oui ment |
~Fttttn | s | Total | ||
| 0% | 20% | 20% | 10% | 10% | |||
| Cost | |||||||
| At I January 2022 |
293,952 | 1,500 | 8,500 | 29,088 | 11,072 | 344,112 | |
| Disposal | |||||||
| Addition | 16737 | 0 | 0 | 0 | 16737 | ||
| At 31 December 2022 | ~29 | ~11 | 72 | Qg,~4 | |||
| A re ate De reciation |
|||||||
| B/F - 1 January 2022 | 1,500 | 8,500 | 23,871 | 8,911 | 42,782 | ||
| Disposal | |||||||
| Charge for the year | 2909 | 1 107 | 4016 | ||||
| At 31 December 2022 | ~27 | ~11 | ~479 | ||||
| Net BookValue | |||||||
| At 31 December 2022 | ~1KB | Q | ~2 | ~14 | ~14~1 | ||
| At 31 December 2021 | Q | ~217 | ~21 1 | ~31~ |
| CHERUBIM AND SERAPHIM CHURCH | CHERUBIM AND SERAPHIM CHURCH | CHERUBIM AND SERAPHIM CHURCH | CHERUBIM AND SERAPHIM CHURCH | CHERUBIM AND SERAPHIM CHURCH | |||||
|---|---|---|---|---|---|---|---|---|---|
| SURULERE | AYO NIO UKTRUST | ||||||||
| NOTES | TO STATEMENT OF FINANCIAL ACTIVITIES | ||||||||
| FOR THK YEAR ENDED | 31DECEMBER 2022 | ||||||||
| 2022 | 2021 | ||||||||
| g | |||||||||
| TOTAL | INCOMING RESOURCES | ||||||||
| Tithes | 7,737 | 28,196 | |||||||
| Missionary Funds |
|||||||||
| Collection(Open Plate) |
at all | Service | 1,629 | 6,011 | |||||
| Offering | 5,496 | 3,760 | |||||||
| Harvest | 3,086 | 622 | |||||||
| Building fund |
30 | ||||||||
| Anniversary | 15,230 | 12,273 | |||||||
| Thanks giving |
9,183 | 7,144 | |||||||
| Donations | 16,610 | ||||||||
| Others | 254 | 59,255 | 190 | 58,196 | |||||
| Interest from Deposit | Accounts | 206 | 2 | ||||||
| 59,460 | |||||||||
| EXPENDITURES | |||||||||
| A | MISSIONARY /CHARITABLE GIVING | ||||||||
| Missionary giving |
|||||||||
| CHURCH RUNNING ACTIVITIES | |||||||||
| Rents | 16,300 | 12,225 | |||||||
| Light &Heating | 2,441 | 3,538 | |||||||
| Funeral Cost | 0 | 200 | |||||||
| Water Rate | 152 | 276 | |||||||
| Advertisement &Flyers |
0 | 308 | |||||||
| Honourarium | 550 | 1,775 | |||||||
| Harvest (Children & | Adult) | 1,500 | 1,000 | ||||||
| Legal &Professional | fees | 1,152 | |||||||
| Chritmas Party |
0 | 570 | |||||||
| Radio Broadcast | |||||||||
| Printing Postages & | Stationeries | 527 | 426 | ||||||
| Telephone Expenses | 1,538 | 1,047 | |||||||
| Anniversary/Summer | Fun | Day | 610 | 181 | |||||
| Insurance | 2,239 | 3,588 | |||||||
| Church Officiating Materials | 1 603 | 28,613 | 55 | 25,189 | |||||
| CHURCH MAINTENANCE | |||||||||
| Church Cleaning | |||||||||
| Repairs &Maintenance | 1,466 | 1,708 | |||||||
| Waste Removal | 1,229 | 856 | |||||||
| Decorations | 0 | 2,695 | 0 | 2,563 | |||||
| Page | 9 |
| EVANGELISM | ||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Transport &Travelling | 6,509 | 9,731 | ||||||||||||
| Evangelism | 0 | 6,509 | 1 168 | 10,899 | ||||||||||
| WELFARE/COMMUNITY | EXPENSES | |||||||||||||
| Welfare | 850 | 478 | ||||||||||||
| Community Expenses |
0 | 850 | 0 | 478 | ||||||||||
| ADMINISTRATION | ||||||||||||||
| Sundry Expenses | ||||||||||||||
| Pastorial Expenses | ||||||||||||||
| Accountancy fee |
1,031 | 900 | ||||||||||||
| Depreciation | 4,016 | 4,016 | ||||||||||||
| Bank Charges | 299 | ~5346 | ~44 012 | 0 | ~4916 | ~44 | 045 | |||||||
| NET INCOMING/(OUTGOING) | RESCOURCES | |||||||||||||
| Unrestricted | Restricted | Endowment | Total | Funds | ||||||||||
| Funds | Funds | Funds | 2022 | 2021 | ||||||||||
| 3. | RESOURCES EXPENDED | |||||||||||||
| 3a. | Missionary and charitable giving: |
0 | 150 | |||||||||||
| 0 | ~1 | |||||||||||||
| 3b. | Activities directly relating to church | work | ||||||||||||
| Church —running expenses |
28,613 | 28,613 | 25,189 | |||||||||||
| Church maintenance | 2,695 | 2,695 | 2,563 | |||||||||||
| Evangelism | 6,509 | 6,509 | 10,899 | |||||||||||
| Welfare/Community | Expenses | 850 | 850 | 478 | ||||||||||
| ~3 | ~91 | 9 | ||||||||||||
| 3c. | Church management | and administration | ||||||||||||
| Administration 1 |
1,330 | 1,330 | 900 | |||||||||||
| Administration 2 (Depreciation) |
4,016 | 4,016 | 4,016 | |||||||||||
| Bank Charges | 299 | 0 | 299 | 0 | ||||||||||
| ~4 | Q | ~4 | ~491 | |||||||||||
| TOTAL RESOURCES EXPENDED | 44 | 12 | Q | ~44 | 2 | ~44 | ||||||||
| COFI —Charity Funds | Q | ~21 | ~21 | 2 | ~21 | |||||||||
| Page 10 |
| HSBC —Account No. 1 | HSBC —Account No. 1 | 24,884 | 24,884 | 24,443 | |||
|---|---|---|---|---|---|---|---|
| HSBC —Account No. 2 | 3.806 | 3.806 | 4.915 | ||||
| Barclavs Community Account |
32.268 | 32 26& | ~4 | ||||
| COIF Charities Deposit | Fund | ||||||
| Balance B/f | 21,082 | 21,082 | 21,082 | 21,080 | |||
| Add: HSBC1 | |||||||
| Add Interest | 0 | 206 | 0 | 206 | 2 | ||
| 0 | 21,288 | 0 | 21,288 | 21,082 | |||
| Less Transfer | to Current Account(Barclays) | ||||||
| Less Transfer | (Unpresented | Cheque) | 0 | 0 | 0 Q |
0 ~ |
0 ~2 |
| Unrestricted | Restricted | Endowment | Total Funds | ||||
| Funds | Funds | Funds | 2022 | 2021 | |||
| CREDITORS AND ACCRUALS | |||||||
| Balance B/F | 1,993 | 1,993 | 1,993 | ||||
| Less Payments | |||||||
| Accountancy | and Book-keeping | 1,083 | 1,083 | 1,853 | |||
| HMRC | |||||||
| Others | 0 ~7 |
0 9 |
0 ~ |
0 RU4i |
|||
| LONG TERM LIABILITY | |||||||
| Loan | |||||||
| Debtors B/F | 660 | 660 | |||||
| Uncredited transfer COIF |
Charity Deposit | ||||||
| 660 | 660 |