SWORD OF THE SPIRIT EVANGELICAL OUTREACH Charlty REG.No.'1081609 TRUSTEES, REPORT AND ACCOUNTS FOR THE YEAR ENDED 31ST OCTOBER 2022 MOSES-BOLE&CO Certified Professional Accountants l Tax Advisers & Business Chartered Management Consultants 39 Saints Brelades Court Balmes Road Hackney / Islington, London N15TW SWORD OF THE SPIRIT EVANGELICAL OUTREACH CONTENT TnJste8s and Advls• TruBtses' Rèport 2&3 Indepon&ent Examln•rf8 Reportto the Truste89 Statemeni of Flnanclal A¢fiv1166s Balan¢e 8heet hlote8 lomilno part of the Flnanri81 Statemènt 7tol6 SWORD OF THE SPIRIT EVANGELICAL OUTREACH LEGAL AND ADMINISTATIVE INFORMATION Genaral overseer: Rev (Mrs) Adekunle Trustees: Rev (Mrs) Adekunle - chairpe￿On Mr Bayo David Rufai Mr Lanre Olotu Reglstered Office: 305A Sprowston Mews Forest Gate London E7 9AE Minister In Charge: Charity No Bankers Rev.(Mrs) Adekunle 1081609 Lloyds TSB Accountants MOSES-80LE&CO Certified Profoa•ional Accountants i Tax Advlsers & Business Charte￿d Management Consultsnts 39 Saints Brelades Court Balmes Road Islington IHackney, London N15TW 19103r2024, 15..36 Caft&aMwO&f4-2ff24 I6.42￿g 1 /1 SWORD OF THE SPIRIT EVANGELICAL OUTREACH Report of the Trustees for the year Ended 31 October 2022 The trustees present their report with the financial statements of the charity for the year ended 31 st October 2022. Principal activity of the organisation in the year under review was that of the provision of Christian religious activities which include church services, youth training, publications etc. https.'Iltnail.googlp co¥thaiVulWnboxtsroloctcr-1 1910Y2024. 15..37 CamScann8r03-14-2024 16.43.jpg SSEO organised and with big success celebrated the annul conference in September 2022. Trustees The trustees during the year under review were: Rev (Mrs) Adekunle M. Aiyegbusi -chairperson D. Rufai S.Olotu ON BEHALF OF THE TRUSTEES hltp$.'Ilmail.google.cornlmalVLthnbox?proJ8thr1 19A)Wd024, 15..38 CamS¢onnar 0&14.2024 16.4311I.jp Mrs. Mary Aiyegbusi (Chairperson) 09/09/2023 https.'Ilmall.google.comlmalVulOIth"nbox?proj&ctor1 >_• MOSES-BOLE & CO [￿3￿=3¥￿1￿1AcroUtrr￿￿rS and *$i5￿.￿t. INDEPENDENT EXAMINER'S REPORTTO THE TRUSTEES OF SWORD OF THE SPIRIT EVANGEUCAL OUTREACH- SSEO I report on the accounts of the charity for the year ended 31 Ottober 2022, which are set out below and notes to the financial statements on pages 7 to 16 Respective responsibilities of Trustees and Examiners As the Charitws Trustees. you are responsible for the prepardtion of the accounts,. you consider that an audit is not required for this year (under section IH(21 of the Charlty Act 2011(the 2011 act) and that an independent examination is needed. It is my responsibillty to Examine the account (under settion 145 of the Actl," follow the procedures laid down in the General Directions given by the Chartty; Commisslon (under sertion 145{51 Ibl of the 2011 Att and State whether particular matters have come to my attention. Basls of Independent Examlnerfs report My examination was carried out in accordance with the general direttions given by the Charity Commission. An examination includes review of the accounting record kept by the Charrty and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts explanations from you as the Trustees concerningany such matters. The procedures undertaken do notprovide allthe evidencethat would be requir and consequently no opinlon 15 8tven as to whether the accounts present a vieW' and the report is limited to those matters set out in the statement below. Independent Examinerfs Statements In connettion wlth the examination, no matter has come to my attention:_ and seeking in an audit ue and fair 11 Which give me reasonable cause to believe that in any material respett the requlrements To keep accounting records In accordance with settion 130 of the 2011 Att. To prepare accounts which accord with the accounting records and to complywith the accounting requirements ofthe 2011Atthave not been met or 2) To which. in my opinion, attention should understanding of the accounts to be reached order to enable a proper Moses O E Igunnubole, BA (HONSJ FAI4 FCPA FFA CPFA FIPA FT4 FIC.. MOSES-BOLE&CO Churtered Certified Forensic Accountants Certified ProfessionalAcCountants/ToxAdv￿ And Business Chartered Iwanogement Consultants DA T£.. I CI FIX 207354203S IW., F50P SWVORO OF THE SPIRJT EVANGEUCAL ouniEACH STATEMEKf OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31sr OCTOBER 2022 F￿¥ Totsl Funds lTr¢omlng reJ•ure• Incom• and gnrfowmeTrts Donatior￿ lÈga Total 31.471.66 31.471. 31.471 86 3f.471.e6 19.827 19.827 Expondithr• on". rect Cost Support Cost GOVErnar￿ c T•tal 4.184&1 1Z510.79 4.184 $0 12.510.79 620 72,843 17,19&29 17,195.29 14,364 14276.37 Re￿￿¢111alltiTr Of Totsi lunds broughltotward Totsl fLtndB corrled fowyl 14276.37 170,032.75 184.309.12 170,03Z75 181309.12 170 033 SWORD OF ntE SPIRifEVAPIGELt¢AL OUTREACH BALAWeE311EEfASAT3tSTOCTO8ER 2022 Fur L451 Yur Flx•d 4s$ets T*ngitA9 &5seb Tol81 fixed assets 201728.08 2017trJ 201728 08 Currént #u•ts Cllsh gl bank and in Tolw currenl Dssèts 5?61 5101 5281 6161 449 448 Crthlltor8: gmounls lalknng y Nel¢uffe#l &¥setsffjiobiknl Totsl 8ssets le¥5 frnl fkgbifil*J credito￿ Amouftts f8llNw 4llerM8 yg•r P￿118[04￿ for R8b1141ie4 i.ai5. 1.315 00 1.3 1.307.61 1387.61 2CL),360.47 2Lb3360.47 200. 18.05t.35 16.05125 a0.￿9 Total r*tassets orlthit 309.12 .12 170.OJ3 Fvn(ts ofthe ¢h4rtty UnTestrithd )Jnds Revakjation Tot41 funits 184.309.12 184.909.12 170.OS3 184 309.12 184 309.12 170 033 Signed by one or on bahatEof inthe&' D¥te ol•pprDval'. Si9nature.' Print Namè." m os rfIprP-4 A-14£ouS I fjIq22C)aS SWORD OF THE SPIRIT EVANGELICAL OUTREACH NOTE ro ThE ACCOUNTS FOR THE YEAR ENDED 31STOCTOBER 2022 Note l Ba818 ot wppttratlo 1.1 Basis of a¢¢wntirtg These a(Lounts have begn prepgred underth& hi8torical cost wnvgnwon wSth ttem5 re(Xgnised at cost or transacuon value unth othoThMs$ stated in th8 fftlevant notsls) to thege accounts. The a￿Unts h&ve been prepared in acwrdancg with the Financial Reporting Standsyd 2ppllcabl in the UK and Republic of Inl8rKJ IFRS1021 issued on 16 July 2014 ar￿ the Charities Act 2011 8nd the Charity constitutes a public benefit as definsd by FRSIO2. 1.2 Qtyln9 co*cern Considering tho s￿dIe¥81 of Inoomlngrasourc05 andmemborshlp n￿M￿rthe Chartyis è golntyeortcern wlth no anyknown unftJresè8n chrumslanc 1ts Chang• of aeeouDtlng poll¢y Th6 accounts present a true and f8irview and the &Lwunting ptslicvas £doptEd are thoso Othlined in the note wth no chanpe in policy 1.4 Chang•J to estlmatgs No changes to sctounbng estfinateg have occurred ts) tho repothng ￿r[0d13.46 FRS 1ff2 SORPI. q.E ftlatorlal OVror• No matsrt21 prforyear adjus)nents have be&n tdenttfivd In tlb r6ports.ng pariod13 47 FRS 102 SORPI. SWORD OF THE SPIRIT EVANGELICAL OLrrREACH NOTE ro THE ACCOUN75 ICONTINUEO FOR TrFE YEAR ENDED 31ST OCTO&R 2022 PRACTICE *3 INCOME Aecognl¥o• •f Ihc•m• L% trwn notth*ihe trL￿t*S T￿¢ m•t16.IOtO 5.12 FRS 102 SORPI. In the casp of ￿rtO￿arKe rektea grdrts. thbe w£gr16fyJ to thp e#orA that the Leyac199 Ther818 no ￿94¢Y recth￿ *Jurfw Iwknd. Governn￿Vrt No govemptsntgtanl k Tax ¥*claYThs on d•iiaiionJ aNI gllts Dona*ad ThwÈ is no doTth gcoj [kna￿ end f8oTth are the SOFA*th￿ I￿•] tr• rhathy pruvldpd ofth&gJftcw Notappficabb tNs and Lega 115.10 tv S.12 FRS 1￿2 SORP) w •¥**a$0Tr4em hthe SOFA Th1$ Indudes anv r￿￿*￿ Lykwes 8* 2.3 EXPENDMIRE AWD LIA8ILmE8 Uablllty r•¢oBnjfro ¢ornmiiNog the charfty b pay bewwurwj *) good prA¢¥cp. The Charity Is nDt awllrthvJ grar*to 8nyoryknth8tic4J ¥v￿re thts￿ arE no conrfrt￿ns atlachu]g to Ihemm th2dfv cWitowlsWy R*dundancy IW•r¥ed inco*J• ¢r*dtto*s forjkthilftks A Ik9kn11ty L% rne4tsured on rertyrgtbn 8118 atthe best e$lmatsofthe amountrewk8d Io 102 SORP. Stsb8BquentWW*T*rtis as perkWw* 11.17tO 11.19. FRS 102 2.4 ASSETS These ¢apftgJsed b2 WJtrrJKf8tron >E¥. aThJ s)MatJ• They are vathj * cost lfitanglbl8 fixed assets The th8rttyh45 Th) Irtt&NJitlèfr*tsd assets. ts k. a¥sets ￿￿￿0 nrrtFw substan￿ but8fy ￿ntIfiab* 8TrY are by￿ chattylhrwow orw The 7W8re 4t¢￿. technologlca( geDtyv5ical or En￿r0[￿N￿ arv hEhl ¥r¥S nots 16 ts ntst8Dpl¢abta trtrt ff 8vallth Ilw arevaw at crot 8t Lwt and $ubsequenitsatfatrv** (tWmar*et Vgk*l * th& ye¥￿. 7he sarno tra8kneT# i¥ appw to Invegknents UN￿ f*value be rKwu￿￿ rsse ik$ me8sur*J et COSI ￿ vnpatrrr*rt ofless th8n l )tar are treatÈd as Slorkn held lorsaie a8 part reaThsab* value ba$8d on the serwce p0t6rth1pmv￿j by it8ms olsb Debto Thè chanty has DO knvestrnents frrr2¥th Orp8n￿ Ihwsate 2nd cash cash equDi8lents wkh a m8t4fydatO ￿than year Tr￿ r*h on *osft ￿ ￿$￿ mfyetshort term cash ￿MnI￿rDents a5tsytsl POUCIES ADOPTEIJ ADDMOKAL TO OA OIFPEREIIT FRO*] T•IO¥È ABQVE SWORO OF THEspiRrr EVAthTGELICAL ourRE4CH NOTE ro 7HE ACCOUNTS CONTINUED ot&3 FOR TrE YEAR ENDED 31ST OCTOBER 2022 Attalysls of prf Funds FundB Funds Bufthg 3L47L66 8t 471. 19.827 3f,4T1. 31.4n.És 198r roTAL •N¢OME 31.471.Qe 314YI.68 1Q,827 SWORD OP THE SPl￿T EVANGELICAL OUTREACH NOTE TO ThE ACCOUNTS CONTINUED FOR THe YEAR ENDEO 31ST OCTOBER 2022 Anaty819 of expghdltw• Ahaly616 of •wttditure DJRE¢f COST Resfrfctsd Uur•strf¢t•d in¢omtr Funds Fvnd8 Endowme FuThd$ Totol Ftsndt ye•t Fund We￿$[8 Evangels 817.64 2.8&).Cl) 4t18Q6Q 486. 817.84 1880 OU 4,184ffjQ Z76 8UPPQR7 COSY Wgtei113pneral R8telCOU￿ RqtO5 ftbpsir% r￿￿￿nar]c0SAd Plant Printirrfd. Postsoe 8Fh¥ Stat￿n9V Tdeplw Insurar U¢anw & knir6ss Ratos CompJbw. wetshDsUr¥ & 3OfftY8￿eV. th8ii¢emEnt, Prorn￿￿ &Advwt B8fjk Charges 620 29138 1201.7T 628 82 1.560.74 282.46 292.38 1.201 77 828.82 1.¥50.74 *ooo 79.99 287 82 822 1,455 960 80 1,060 152 7.275 79.99 1116.33 fj.034.80 35228 E￿GIn￿rY Gas Fuel afkt oi Equipment ffu￿ & MotrExpense$ 145.33 6,034 80 352. 782.47 11510.79 120 551 782.47 12.810.79 TOTAL EXPENDITURE 18,695.29 18,65S.29 13,464 12 SWORD OF THE SPIRIT EVANGELICAL OUTREACH NOTE TO THE ACCOUNTS (CONTINUED FOR THE YEAR ENDED 31ST OCTO8ER 2022 Detail$ of eertaln Items gf expendIt￿r* 6 1 Fees for9X8minaion oftha 8ccounts P16a8& pro￿d? details ofthe amDuntpaid lorenystatutoryaktsmal SCM￿nyOF 8ccounts and oth•r box(g91. senlices prowdwj by yourindependent examiner. Ifnothing %Yes paid please entsr'o, in appr¢prfatp GOVERNANCE C08T Ind8pandenteX8minerfs f Thi8 Year L05tYoar Soobk&4)ing &AwJuntsnty fe88 #50.00 350.00 600.00 900 13 SWORD OF ThE SPIRIT EVANGELICAL oimiEACH NOTE TO THEACCOUNTS CONTINUED) FOR THE YEAR ENDED 31ST OCTOBER 2022 Ilote 6 Tatty1b￿ flx•d as*8ts Fveehojd EquirM*rt Totsi 1£6JK41JyJ ltrons ,174. 4.959.84 220.133.84 8.000. D¥pus Tr4r%fwts' (Add At 8ntt ofthe year 15.2 DoproclatSon rmpairm*rts 559.84 226.133.81 mo￿rvAh*le ' Rai• Cornpy F uiprp.ern 25% Al oflhe Mr lllspo88ls E*preoatiL Impainn&ni Transfers-ith or Al endoftha > 14.(*12Q 4289.76 18.370.98 6.034AI 6.034.80 20.116. 6.3 Net book vaiuo ei bo￿ value * tha è89th9 oftho Yr. N•1 book value otthe end ofth& 8A Iffjp4irfflant¥ NOPIE 4289.76 19f.OOOX*) 16.092.&7 10.058. 670.08 201.762.88 iew8r881 ofan knp•imw ths. OA R￿aluall0n An accoUn￿ng pofLy ofr¢vaiuaucfi *K£wtrep•rkn*.' &6 Otherd￿cl￿gUr08 01 P￿$se stalg the emottyrtoffborrryAty costs. a8¥ets ¥ NIA SWORD OF THE SPIRrr EVANGELICAL OITfREACH NOTE TO THE ACCOUNTS ICONTINUEDI FOR THE YEAR ENDED 31ST OCTOBER 2022 Note 7 Crgdl*ors and accrnal$ Plgase cryhte this note ifth$ Ims ￿Y c¥aJitors oracou* 7.1 Analysis ofvgdltorn Amounts f81fu￿ due Wthin 1Y Pdoryear Arnounts falilng due Within MO￿ Than l Year 1 Year l Year Olhgr creditOfS Accruals and defwTrd twrnÈ Mlnfous Woild Mortgagè Repayabfe By Tot81 11219 19.611 829 140SL35 L350 7.2 Dele¥red Income P￿a$8 complet& th[8 if lJJ8 ¢*arityhas dalwred Irk￿￿. Movement In d8fwted InoNr* al>￿urt 981an¢8 atthe stsrt of the reporbtvJ peTi Amount8 adde