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|Legal and Administrative|Information|Page 1|
|---|---|---|
|Trustees'<br>report||Page 2to 11|
|Independent<br>Examiner's|report|Page 12|
|Statement<br>offinancial|activities|Page 13|
|Balance sheet||Page 14|
|Notes to financial statements||Page 15to 18|





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|Registered|Office|Units 1and 2 Oska Building|Units 1and 2 Oska Building|
|---|---|---|---|
|||Empress<br>Works||
|||Boreham<br>Road||
|||N22 6SL||
|Board ofTrustees||Tibrah Hagos Ghiday|Chair|
|||Goitom Gulay|Treasurer|
|||Goitom S Mebrahtu|Secretary|
|||Asheber Tesfay||
|||Nathnael<br>Yemane||
|||Biniam Habtom||
|||Musie Habte||
|Bankers||Barclays Bank||
|||Brixton Branch||
|||463-465 Brixton Road||
|||London||
|||SW9 BHL||





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|||||Notes|2022|2021|
|---|---|---|---|---|---|---|
|||||||E|
|INCOMING<br>RESOURCES|||||||
|Incoming<br>Resources from charitable|||activities:||135,379|116,641|
|Activities for generating|funds||||6,692|3,197|
|Other incoming<br>resources|||||91,046|66,287|
|Total incoming<br>resources|||||233,117|186,125|
|RESOURCES EXPENDED|||||||
|Charitable<br>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<br>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<br>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<br>falling|due after more than one year|7|-230,925|-260,054|
|NET ASSETS|||896,052|829,684|
|FUNDS|||||
|General<br>Purpose|Fund||896,052|829,684|





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||||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|





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||||||2022|2021|
|---|---|---|---|---|---|---|
||||||f|f|
|Payment<br>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<br>&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,<br>Gas & Electricity|||||3,576|2,189|
|Rent|||||3,692|1,440|
|Conference<br>&Training|||||9,892|3,460|
|Catering<br>& Refreshment|||||4,380|1,997|
|Printing,<br>Stationery,|Photocopy,|||Postage|3,324|3,426|
|Bank Charges|||||778|341|
|Premises<br>Expense|||||7,827|5,224|
|Professional<br>Fee|||||1,954|0|
|Membership<br>Fee|||||2,512|540|
|Mortgage<br>Payment|||||11,645|9,555|
|Repair/Maintenance||of|Property||11,482|2,350|
|Depreciation|||||26,694|26,547|
||||||166,749|129,787|



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||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|