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





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|Pastor (lvlrs) Remi|Baloguu|- Chair|
|---|---|---|
|Pastor Bamishaiyc|A Daniel|—Secretary|
|Mr<br>Wale Ladapo||- Mcmbcr|
|Mrs<br>Adebimpe<br>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||||





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|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<br>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<br>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<br>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<br>funds||||1,073)141|1,029,356|
|TOTAL PUNDS||||1,073,141|1,029,356|






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





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



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|STAFF COSTS||||||||
|---|---|---|---|---|---|---|---|
|The average monthly|number oferoployees|||during the year was as follows:||||
|||||||31.1221|31.12.20|
|Admmisuative<br>staff||||||2||
|No employees<br>received||eruoluments|in excess off60,000.|||||
|COMPARATIVES|I'OR TBKSTATEMENT OFFINANCIAL ACITVITIES|||||||
||||||Vntcsutcted|Restricted|Total|
||||||fund<br>f|fund|limdsf|
|INCOME AND ENDOWMENTS|||FROM|||||
|Donations<br>and legacies|||||232,883||232,883|
|EXPENDITURE ON||||||||
|Charitable<br>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|





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|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<br>20ZQ|1.,767,614||1,157|
||Motor|Computer||
||vehicles<br>f|equipmcnt<br>f|Totals<br>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<br>2021|79,075|10,043|240,179|
|NET BOOKVALUE||||
|At 31Dcccmb)x 2021|||l)815,572|
|At 31 December 2020|10|515|1,814400|





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|8,|DEBTO|RS;AMOUNTS F|ALI.ING DUK WITHIN ONE YKAR|||
|---|---|---|---|---|---|
|||||31.1221<br>f|31.1220<br>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|





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|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|





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|||||||Incoroing|Incoroing|Resources|Movement|Movement|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||resotuc es||expended|in|funds|
||||||||f|E||f|
|Uarestrlcted<br>~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<br>f|in|fimds<br>f,|
|Unrestricted||funds|||||||||
|General fund|||||||482349|(391,844)||90,505|
|TOTAI|FUNDS||||||482,349|(391,844)||90,505|



## 



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|for the Year Ende|d 31Dccembef2071|||
|---|---|---|---|
|||31.1221|31.1220|
|||f|f|
|INCOME AND ENDOWMENTS||||
|Donations<br>and legacies||||
|Offerings<br>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<br>resources||249,466|232,883|
|EXPENDITURE||||
|Charitable<br>acdvttics||||
|World evangelical|mtssmn|33428|11437|
|Houonuiums<br>-gumt ministers||500||
|lvlisstons||800|1450|
|Pastoral care||lg00|1300|
|Volunteers'<br>expenses||3,618||
|Repairs and maintenance||11,120|10,419|
|Mortgage||11,808|13,674|
|||62,674|38,080|
|Other||||
|Children<br>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<br>equipment||261|261|
|||52486||
|Support<br>costs||||
|Maaageraent||||
|Insurance||6,861|7,532|
|Telephone||3,005|1,730|
|Postage snd stationery||680|547|
|Carried fonvsrd||10~6|9,809|





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