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|||||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|