| Page | ||||
|---|---|---|---|---|
| Reference and administrative details of the charity, |
its trustees | and advisers | ||
| Trustees' Report |
4-8 | |||
| Independent Examiners |
Report | |||
| Statement ofFinancial | Activities | 10 | ||
| Balance Sheet | ||||
| Notes to the Financial | Statements | I 2- I 8 |
| REFERENCE | REFERENCE | AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITSTRUSTEES AND |
AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITSTRUSTEES AND |
|---|---|---|---|
| ADVISERS FOR THE YEAR ENDFD 31 D[!CEMBER2022 | |||
| General Overseer | Pastor. E.A. Adeboye | ||
| Trustees | |||
| Dr Olufemi 0 Daramola | |||
| Mrs Odunayo Ajala |
|||
| Mr Rasheed A Amunikoro | |||
| Dr Amos Akinola | |||
| Mrs Esther Ogunbiyi | |||
| Pastor in Charge | Pastor Olutayo 0Ayodele | ||
| Charity Registered | No | 1084570 | |
| Principal Office | Tom Allen Centre | ||
| Grove Crescent Road | |||
| Stratford | |||
| London | |||
| E15 I BJ | |||
| Accountants | Toda Consult | ||
| (Accountants &Tax Consultants) |
|||
| 19York Road | |||
| Northfleet | |||
| Kent | |||
| DAI I 9PU | |||
| Independent | Examiner | Mrs 0Paul- Taiwo | |
| Bankers | Barclays Bank Plc |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Notes | Unrestricted | Restricted | Total | Total | ||
| F | F | |||||
| Incomin Resources |
||||||
| Incoming resources from |
generated | |||||
| funds: | ||||||
| Voluntary income |
2 | 293,232 | 293,232 | 246,155 | ||
| Other income | 3 | 181 | 181 | 3,667 | ||
| Total Incoming Resources | 293,413 | 293,413 | 249,822 | |||
| Resources Ex ended | ||||||
| Charitable activity expenditure |
4 | 250,024 | 250,024 | 195,958 | ||
| Finance Cost | 5 | 2101 | 2,101 | 2,455 | ||
| Governance costs |
6 | 1,810 | 1,810 | 1,648 | ||
| Total Resources expended | 253,935 | 253,935 | 200,061 | |||
| Net Incoming/(Outgoing) | Resources for the year | 39,478 | 39,478 | 49,761 | ||
| Total funds at 1 January | 2022 | 596,488 | 7,921 | 604,409 | 554.648 | |
| Total funds at 31 December 2022 | 635,966 | 7,921 | 643,887 | 604,409 |
| A | S AT 31 | DECEM | BER 2022 | ||||
|---|---|---|---|---|---|---|---|
| 2022 | 2022 | ||||||
| Ullrestricted | Restricted | ||||||
| Notes | f, | ||||||
| FIXED | ASSKTS | ||||||
| Tangible | Fixed Assets | 480,861 | 55,000 | 535„861 | 546„392 | ||
| CURRENT ASSETS | |||||||
| Debtors | 52,021 | 43„547 | |||||
| Cash in | Hand/ Bank | 111 181 | 96,().)3 | ||||
| 163,202 | 5,347 | 168.549 | 139,601 | ||||
| '17 185' | 5.347 | 22 532 | 11,089) | ||||
| 146,017 | 146,017 | 128412 | |||||
| 626„878 | 55„000 | 681„878 | 674,904 | ||||
| CRKDlTORS: | |||||||
| Amount | falling due after more than | ||||||
| one year | 10 | ||||||
| 588487 | 55,000 | 643,887 | 604,409 | ||||
| 635,966 | 596.4118 |
| untary | Income: Donations | 2022 | 2021 |
| Gift Aid | 52,021 | 43,492 | |
| Tithes &,Offerings | 241,21] | 202,663 | |
| 293,232 | 246,155 | ||
| er income | 2022 | 2021 | |
| Deposit | account interest | 181 | 65 |
| Grants | |||
| Disposal | ofMotor Vehicle | 3,603 | |
| 181 | 3,667 |
| xpen | diture in support ofthat activity where material |
. | ||
|---|---|---|---|---|
| 2022 | 2022 | 2021 | ||
| 4.1 | Charitable activities - Direct costs |
Unrcstnctcd | Rcslricicd | |
| Staffcosts | 66,868 | 64,296 | ||
| Fmployer Pension {Note4.3) |
6,464 | 6,S97 | ||
| World Evangelism Mission |
15,007 | 16,636 | ||
| Festival ofLife | 1,200 | 1,200 | ||
| RCCG Central Office | 3,130 | 2.880 | ||
| African Child Trust | 300 | 300 | ||
| RCCG Regional Contribution | 1,801 | 400 | ||
| Living Seed UK | 1,000 | |||
| Donations to other charities | 3,7SO | 1.000 | ||
| Conference, retreats, and meetings |
8,407 | 2,571 | ||
| CAPRO | 2,500 | |||
| Ministry Expenses |
2,099 | 2,310 | ||
| Children/Youth Expenses |
5,699 | 832 | ||
| Covid response expenses | ||||
| Sri Lanka Mission | 5,600 | 4,S10 | ||
| Sunday School Books | 451 | 89 | ||
| Welfare and Relief ofPoverty | 8,630 | 7,611 | ||
| Cyprus mission | 2,453 | 595 | ||
| Good Women Fellowship | ||||
| 134„358 | 112„827 |
| 2022 | 2022 | 2021 | ||
|---|---|---|---|---|
| Unrestricted | Restricted | |||
| 4.2 Charitable activities - Support costs |
||||
| Salary expenses | 20,800 | 20,800 | ||
| Employer pension (Note4.3) |
2,008 | 2,089 | ||
| Insurance | 13,681 | 9,643 | ||
| Light and heat | 10,588 | 7 )9s | ||
| Telephone | 3,924 | 4 189 | ||
| Printing Postage |
and stationery | 999 | 553 | |
| Oftice Admin expenses | 3,594 | 1,530 | ||
| Premises repairs | and Maintenance | 1,26)6 | 201 | |
| Travel Expenses | 21,174 | 3,965 | ||
| Hall hire | 3,118 | |||
| Due and Subscriptions | 2]9 | 398 | ||
| Computer and Internet expenses |
1,463 | 1„187 | ||
| Clearing waste management | 316 | |||
| Security Service | 1,36)6 | 895 | ||
| Fire Alarm System | 1,206 | 584 | ||
| Other admin expenses | 301 | 2,036 | ||
| Depreciation of |
Freehold property | 13,089 | I3,089 | |
| Depreciation of | Church equipment | 3.738 | 969 | |
| Depreciation of | Fixtures and fittings | 1„305 | 1,536 | |
| Depreciation of | Motor vehicles | 11,651 | 11.651 | |
| Depreciation of | office equipment | 175 | 205 | |
| 115,665 | 83,131 | |||
| Total charitable | expenditure | 250,024 | 195,958 |
| 5.IINANCE COSTS | 5.IINANCE COSTS | ||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Bank charges | and interest charges | 2,101 | 2,455 | ||
| 6.GOVERNANCE | COSTS | ||||
| 2022 | 2021 | ||||
| Legal &professional | |||||
| expenses | 1,810 | I,E)4&8 | |||
| 1,810 | 1,648 | ||||
| NET MOVEMENT | IN FUNDS FORTHE YEAR | ||||
| 2022 | 2021 | ||||
| The net movement | in funds for the year is stated | ||||
| a I'ter charging: | |||||
| Depreciation of | tangible | ||||
| fixed assets | 29,958 | 27,450 | |||
| Legal &Professional | fees | 1,810 | 1,048 |
| 7. FIXED | ||||||
|---|---|---|---|---|---|---|
| ASSETS | ||||||
| Music and | Computer | |||||
| Land and Buildings |
church equipment |
Fixtures & Fittings |
Motor Vehicles |
Equipment &software |
Total | |
| Cost | ||||||
| AI 01/01/22 | 654,463 | 35,936 | 32,243 | 46,605 | 4,677 | 773,924 |
| Add: | ||||||
| Additions | 19,427 | 19,427 | ||||
| Disposal | ||||||
| At 31/12/22 | 654,463 | 55,363 | 32,243 | 46,605 | 4,677 | 793,351 |
| Depreciation | ||||||
| AI 01/01/22 | 158,381 | 30,446 | 23,541 | 11,652 | 3,513 | 227,532 |
| On disposal | ||||||
| Charge for | ||||||
| the year | 13,089 | 3,738 | 1,305 | 11,651 | 175 | 29,958 |
| At 31/12/22 | 171,470 | 34183 | 24,846 | 23303 | 3,688 | 257,490 |
| Net book | ||||||
| value | ||||||
| At 31/12/22 | 482,993 | 21,179 | 7,397 | 23,302 | 989 | 535,861 |
| At 31/12/21 | 496 | 5,490 | 8,702 | 34,953 | 1,164 | 546,392 |
| DEBTOR YEAR |
S:AMOU | NTS FALLING DUE WITHIN ONE | |||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Debtors | 52,021 | 43.547 | |||
| 52,021 | 43,547 | ||||
| 9. CREDITORS: | AMOUNTS FALLING DUF. WITHIN ONE | ||||
| YEAR | |||||
| 2022 | 2022 | 21)21 | |||
| Unrestricted | Restricted | ||||
| Bank overdraft | 5,815 | ||||
| Obligations | under finance lease contracts (10.1) | 8,040 | 8,040 | ||
| Taxation and pension | 2,330 | ||||
| Professional | fees | 1,000 | 1.000 | ||
| Youth and Children's | camp | 5,347 | ",049 | ||
| 17,185 | 5,347 | 11„089 |
| .CREDITO AR |
RS: AMOUNTS FALLING DUF. AFTE | R ONV. | ||
|---|---|---|---|---|
| 2022 | 2022 | 2021 | ||
| Unrestricted | Restricted | |||
| Obligations | under finance lease contracts (10.1) | 26,454 | 34,854 | |
| 26,454 | 34 854 | |||
| Other creditors | 11,537 | 35.642 | ||
| 37,991 | 70,495 |
| .1OBLIGATIONS UNDER FINANCE LE | ASE CONTRACTS | |
|---|---|---|
| 2022 | 2021 | |
| Balance at 1 January | 42,894 | 3'),171 |
| Repayment in the year |
(6,650) | (40,287) |
| Ncw lease in the year | 42,893 | |
| Interest charged in the year |
1,749 | 1,117 |
| 34„494 | 42,893 | |
| 34,494 | 42,893 | |
| Due with one year | 8,040 | 8.040 |
| Due after more than one year | 26,454 | 34,894 |
| 34,494 | 42,933 |
| U | DS | Unrestricted | Restricted | Total | '1'otal | |
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | |||
| 2022 | 2022 | 2022 | 2021 | |||
| At | I January 2022 | 596,488 | 7,921 | 604,409 | 554,648 | |
| Surplus/(Deticit) | tor the year | 39,478 | 39,478 | 49,761 | ||
| At | 31 December | 2022 | 635,966 | 7,921 | 643,887 | 604,409 |