2021-12-31-accounts

		Page
Reference and Adminhtrative Details
Rcport ofthc Trustees	2	to	5
Independent Examiner's Report
Statement ofFinancial Activities
Ba/ance Sheet
Notes tothe Financial Statements	9	to	id
Detaikd Statement ot' Financhd Acstvtttes	15	to	16

Pastor (lvlrs) Remi	Baloguu	- Chair
Pastor Bamishaiyc	A Daniel	—Secretary
Mr Wale Ladapo		- Mcmbcr
Mrs Adebimpe Adekunbi		-Member

PRINCIPAL ADDRESS	PRINCIPAL ADDRESS	!94-l98		Broadftcids	Avenue
		Edgwarn
		Middlesex
		IIAR STF
REGISTERED	CHARITY NUMBER	1dg4577
INDEPENDENT	EXAMINER	Stan Kelly	&Co
		Chartered	Certified	Accountauts
		t4 Centre	Way
		London
		N9 OAH

fpC@S&e	gr EIt4ed 3	1 December 2021
						31.1221	3t.1220
				Unrestricted	Restricted	Total	Total
				fund	fund	funds	funds
			Notes		f		f
INCOME	AND ENDOWMENTS FROM
Donations	and legacies			249,466			232,883
EXPENDITURE ON
Cbarllable	activities
Charitable				153,095		153,095	139,713
Oker							46,450
Total				205,681		205,681	186,163
NET INCOME				43,785		43,785	46,720
RECONCILIATION		OF FUNDS
Total funds brongbt fonvard				I,029356		1,029356	982,636
TOTAL FUNDS CARRIED FORWARD				1,073,141		1,073&141	1,029,356

Qaianse Sbgel 31December 2021
				31.12.21	31.12.20
		Unrestricted	Restricted	Total	Total
		fund	fiuui	funds	funds
	Notes	f			f
lrlXED ASSETS
Taugib)c assets		Id)15,572		(,815 ti72	1,814700
CURRENT ASSETS
Debtors		10454		10,354	16,702
Cash at bank aad in baud		23,859		23,859	10,459
		34,213		34,213	27,161
CREDITORS
Amounts falling due within one year		(68,420)		(68,420)	(69,983 )
iVET CURRENT ASSETS		(34407)		(34407)	(42,822)
TOTAL ASSETSLESSCURRENT I IABILITKS		1,78(~5		1,78(365	1,771,378
CREDITORS
Amounts fattmg due ager more than one year	10	(708324)		(708ws24)	(742,022)
NET ASSETS		1,073,141		1,073,141	1,029,356
FUNDS	13
Unrestricted funds				1,073)141	1,029,356
TOTAL PUNDS				1,073,141	1,029,356

specified by tbe donor or when funds are raised for particular r DONATIONS AND 1.EGACIES	estricted purpostst.
	31,12.21	31.12.20
		6
Offer(a@ and donations Tithes Thanksgiving Gill aid receipts Other income Hali hh'e	36415 12tk090 10~2 27,842 9,277 36,780	62,478 98,387 13,786 41,794 4,508 11,930
	249,466	232,883

CBARITABLE ACTIVITIES COSTS
	Direct	Support
	Costs	costs	Totals
	I	f
Charitable	62,674	90,421	153,095

STAFF COSTS
The average monthly	number oferoployees			during the year was as follows:
						31.1221	31.12.20
Admmisuative staff						2
No employees received		eruoluments	in excess off60,000.
COMPARATIVES	I'OR TBKSTATEMENT OFFINANCIAL ACITVITIES
					Vntcsutcted	Restricted	Total
					fund f	fund	limdsf
INCOME AND ENDOWMENTS			FROM
Donations and legacies					232,883		232,883
EXPENDITURE ON
Charitable acdvities
Charitablc					139,713		139,713
Other					46,450		46,450
					186,163		186,163
NET INCOME					46,720		46,720
RECONCILIATION		OF FVNDS
Total funds brought	forward				982,636		982,636
TOTAL FVNDS CARRIED FORWARD					1,029,356		1,029,356

TANGIBLE FIXEDASSETS
			Fixtures
	Freehold	Plant and	and
	property	machinery	fiuings
	E
COST
At I January 2021	1,767,614	159,840	14,445
Additions	23,678	792
At 31 Dcccmher 2021	1,791,292	160,632	14,445
DEPRECIATION
At l January 2021		114,936	13~8
Charge for year		22339	498
At 31December 2021		137375	13,786
NET BOOK VALUE
At 31December 2021	1,791492	23357	659
At 31December 20ZQ	1.,767,614		1,157
	Motor	Computer
	vehicles f	equipmcnt f	Totals f.
COST
At I January 2021		10)297	2,031,281
Additions			24,470
At 31 December 2021	79,085		2,055,751
DEPRECIAll ON
At 1 January 2021	79,075	9,782	217,081
Charge for year		261	23,09$
At 3 1 December 2021	79,075	10,043	240,179
NET BOOKVALUE
At 31Dcccmb)x 2021			l)815,572
At 31 December 2020	10	515	1,814400

8,	DEBTO	RS;AMOUNTS F	ALI.ING DUK WITHIN ONE YKAR
				31.1221 f	31.1220 E
	Other debtors			10354	16,702
9.	CREDITORS: AMOUNTS		FALLING DUE WITHIN ONE YEAR
				31.12.21	31 1270
				f	f
	Bank loans and ovcrdraits (sccnote II)			65,418	65,418
	Trade creditors			193	187
	Taxation	and social security		440	445
	Other crahtors			2369	3,933
				68,420	69,983
10.	CREDITORS: AMOUNTS		FALLING DUE AlrfKR MORE THAN ONK YEAR
				31.1221	31.12.20
	Bank loans (sccnote 11)			708,224	742,022
	LOANS
	An analysis ofthe maturity ofloans is given below:
				31.12.21	31.1220
	Amounts	falling due within one year on demand:
	Mortgage	loan within I y)mr		65J18	65,418
	Amounts	falling between one	and two years:
	Bank loans - 1-2years			49,297	49,297
	Mortgage	loan -I -2 years		98,126	98,126
				147,423	147,423
	Amounts	falling due berwcer	two and Bve years'.
	Mortgage	loan- 2-5 years		245&320	245320
	Amounts	falling duc tn more	than five years:
	Repayable	by instalments:
	Mortgage	loan -over 5 years		315,481	349379

SECURED	SECURED	DEBTS
The folloiving		seemed debts	are	included	within creditors:
								31.12.21	3l.I2.20
									f.
Bank loans								773,642	807,440
Ban:lays	bank	has first legal	charge over		the charity's	land and buildings.
MOVEMENT IN FUNDS
								Net
								movement	At
							At 1.1.21	in funds	31.1221
								f	f
Unrestricted		funds
General	fund						1,029,356	43,785	1,073,141
TOTAL FUNDS							1,029/56	43,785	1,073,141
Net movement		in funds, mcluded		in the above arc ss		follows:
							Incoming	Resources	Movement
							fcsoofccs	expended	in funds
lJnrcstrlctcd		funds
General	fund						249366	(205,681)	43,785
TOTAL	FUNDS						249,466	(205)681)	43,785
Cornparatlves		for movement	in	funds
								Nct
								movement	At
							At 1.1.20	in fonda	31.1.2.20
								f
IJurestricted		funds
General	fund						982,636	46,720	1,029356
TO'fAL	FUNDS						982,636	46,720	1,029,356

						Incoroing	Incoroing	Resources	Movement	Movement
						resotuc es		expended	in	funds
							f	E		f
Uarestrlcted ~fuod		funds					232,883	(186,163)		46,720
TOTAL	F'UNDS						232,883	(186,163)		46,720
A current year		12tuonths	and prior year 12months	combined	posidon is as	follows:
								Net
								movement		At
						Ai 1.1 20		in funds	31.12?I
							f	f		f
Unrestricted		funds
General	fund						982,636	90,505	1,073,141
TOTAL	FUNDS						982,636	90,505	1,073,141
A current year		12months	and poor year 12months	combined	nct movemcnt	in funds, included		in the above are as	follows:
						Incoming		Resources	Movetncnt
						resources		expenllcd f	in	fimds f,
Unrestricted		funds
General fund							482349	(391,844)		90,505
TOTAI	FUNDS						482,349	(391,844)		90,505

for the Year Ende	d 31Dccembef2071
		31.1221	31.1220
		f	f
INCOME AND ENDOWMENTS
Donations and legacies
Offerings aud donations		36,915	62,478
Tithes		128,090	98,387
Thaaksgiving		10462	13,786
Gilt aid receipts		273142	41,794
Other iucome		9777	4,508
Hall hire			11,930
		249,466	232,883
Total incoming resources		249,466	232,883
EXPENDITURE
Charitable acdvttics
World evangelical	mtssmn	33428	11437
Houonuiums -gumt ministers		500
lvlisstons		800	1450
Pastoral care		lg00	1300
Volunteers' expenses		3,618
Repairs and maintenance		11,120	10,419
Mortgage		11,808	13,674
		62,674	38,080
Other
Children mintsny		~22	1,686
Donation		73180	8,970
Church oBiceexpenses		S,1SI	9,768
Retreats snd training		6/30	2,265
Technical and multimedia		3,599	820
Sundries		975
Plant and machinery		22,339	22,181
Fixtures and ftttiugs		499	499
Contputcr equipment		261	261
		52486
Support costs
Maaageraent
Insurance		6,861	7,532
Telephone		3,005	1,730
Postage snd stationery		680	547
Carried fonvsrd		10~6	9,809

Fiithc Yea~jtdcd 31	gp Beccmher2021
		31.12.21	31.12.20
Management			8
Brought forward Motor expenses Pastord thanksgiving Pastor's Stipend snd allowance Pastor's rent allowance		10,546 300 1,413 24,00G 12,000	9,609 2,536 24,000 12,000
			48,345
Finance
Bank charges		1,226	I,813
Other
Rates and water Light and best		935 6,402	566 4,934
		7837	5,500
Other 2
Advertising		600	540
Consultancy fees		IZ,151	17,l.30
		12,751	17,670
Other 3
Cleaning expcnstn			3 rt27
Governance costs
Wages Social security Bookkeeping and payroll cost Independent examiner's fees		13,150 698 4,800 900	18,233 445 4,800 900
			24378
Total resources expcndcd		205,681	186,163
Net income		43,785	46,720