| Legal and Administrative | Information | Page 1 |
|---|---|---|
| Trustees' report |
Page 2to 11 | |
| Independent Examiner's |
report | Page 12 |
| Statement offinancial |
activities | Page 13 |
| Balance sheet | Page 14 | |
| Notes to financial statements | Page 15to 18 |
| Registered | Office | Units 1and 2 Oska Building | Units 1and 2 Oska Building |
|---|---|---|---|
| Empress Works |
|||
| Boreham Road |
|||
| N22 6SL | |||
| Board ofTrustees | Tibrah Hagos Ghiday | Chair | |
| Goitom Gulay | Treasurer | ||
| Goitom S Mebrahtu | Secretary | ||
| Asheber Tesfay | |||
| Nathnael Yemane |
|||
| Biniam Habtom | |||
| Musie Habte | |||
| Bankers | Barclays Bank | ||
| Brixton Branch | |||
| 463-465 Brixton Road | |||
| London | |||
| SW9 BHL |
| Notes | 2022 | 2021 | ||||
|---|---|---|---|---|---|---|
| E | ||||||
| INCOMING RESOURCES |
||||||
| Incoming Resources from charitable |
activities: | 135,379 | 116,641 | |||
| Activities for generating | funds | 6,692 | 3,197 | |||
| Other incoming resources |
91,046 | 66,287 | ||||
| Total incoming resources |
233,117 | 186,125 | ||||
| RESOURCES EXPENDED | ||||||
| Charitable activities |
166,749 | 129,787 | ||||
| Total resource expended | 166,749 | 129,787 | ||||
| Net incoming/(outgoing) | resources | for the year/ | ||||
| Net income / (expenditure) | for the | year | 66,368 | 56,337 | ||
| Total funds brought forward |
829,684 | 773,347 | ||||
| Total funds carried forward | 896,052 | 829,684 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Notes | ||||
| FIXED ASSETS | ||||
| Tangible assets | 802,704 | 821,406 | ||
| CURRENT ASSETS | ||||
| Cash at bank and | in hand | 325,458 | 266,224 | |
| Prepayment | 2,108 | |||
| CREDITORS | ||||
| amounts failings |
due within one year | 1,186 | ||
| Net current assets | 324,272 | 268,332 | ||
| TOTAL ASSET LESS CURRENT LIABILITIES | 1,126,977 | 1,089,738 | ||
| CREDITORS | ||||
| Amounts falling |
due after more than one year | 7 | -230,925 | -260,054 |
| NET ASSETS | 896,052 | 829,684 | ||
| FUNDS | ||||
| General Purpose |
Fund | 896,052 | 829,684 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| f | f | |||
| Building | Fund | 0 | 300 | |
| Fund raising Sales | 6,692 | 2,897 | ||
| 6,692 | 3,197 | |||
| 3.INCOMING | RESOURCES FROM CHARITABLE ACTIVITIES | |||
| 2022 | 2021 | |||
| f | f | |||
| Tithes and Offerings | 123,375 | 104,958 | ||
| Tax reclaimed | on Gift Aids | 12,005 | 11,683 | |
| 135,379 | 116,641 | |||
| 4.OTHER INCOME | ||||
| 2022 | 2021 | |||
| f | f | |||
| Rent | 3,241 | 3,940 | ||
| Deposit | Interest | 182 | 10 | |
| Refund | 416 | 888 | ||
| Contribution | 4,575 | 836 | ||
| Gift | 5,127 | 3,963 | ||
| Tuition | Fee | 77,504 | 56,651 | |
| 91,046 | 66,287 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| f | f | |||||
| Payment for the Ministers |
49,459 | 46,800 | ||||
| PAVE and Nl | 5,394 | 7,075 | ||||
| Pension | 2,273 | 245 | ||||
| Office Materials | 2,651 | 2,059 | ||||
| Insurance | 1,882 | 1,288 | ||||
| Donation &Gifts |
7,545 | 7,930 | ||||
| Bible,Cassettes, News | Papers etc. | 4,030 | 4,475 | |||
| Travel &Subsistence | 4,353 | 1,658 | ||||
| ITand Office machines | Maintenance | 1,410 | 1,189 | |||
| Telephone, Gas & Electricity |
3,576 | 2,189 | ||||
| Rent | 3,692 | 1,440 | ||||
| Conference &Training |
9,892 | 3,460 | ||||
| Catering & Refreshment |
4,380 | 1,997 | ||||
| Printing, Stationery, |
Photocopy, | Postage | 3,324 | 3,426 | ||
| Bank Charges | 778 | 341 | ||||
| Premises Expense |
7,827 | 5,224 | ||||
| Professional Fee |
1,954 | 0 | ||||
| Membership Fee |
2,512 | 540 | ||||
| Mortgage Payment |
11,645 | 9,555 | ||||
| Repair/Maintenance | of | Property | 11,482 | 2,350 | ||
| Depreciation | 26,694 | 26,547 | ||||
| 166,749 | 129,787 |
| Office Equipment | & | ||||
|---|---|---|---|---|---|
| Cost | Musical Instrument | Property | Total | ||
| At 01/01/2022 | 132,100 | 1,010,181 | 1,142,281 | ||
| Additions | 7,992 | 7,992 | |||
| Disposal | 0 | ||||
| 140,093 | 1,010,181 | 1,150,274 | |||
| Depreciation | |||||
| At 01/01/2022 | 110,797 | 210,079 | 320,876 | ||
| Additions | 6,490 | 20,204 | 26,694 | ||
| Disposal | 0 | ||||
| At 31/12/2022 | 117,287 | 230,283 | 347,569 | ||
| Net Book Value | |||||
| At 01/01/2022 | 21,304 | 800,102 | 821,406 | ||
| At 31/12/2022 | 22,806 | 779,898 | 802,704 |