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|||||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|
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||||||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|
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|||||
|---|---|---|---|
|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|
##
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|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|
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|||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|
##
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|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|
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