| LEGAL AND ADMINISTRATIVE | LEGAL AND ADMINISTRATIVE | INFORMATION | INFORMATION | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Registered | Charity No. | 1088157 | |||||||
| Trustees | Pastor Taiwo Odukoya | ||||||||
| Pastor Alfred Ohiani | |||||||||
| pastor Robmi Okpaise | |||||||||
| Pastor Ugochi Agbasimelo | |||||||||
| Mr Abel Olagunju | |||||||||
| Mr Dotun Fasanya | |||||||||
| Pastor Akin Osinbajo | |||||||||
| The exishng trustees appoint |
any | new trustees following | the provision | laid | |||||
| out in the charity's governing |
instrument | ||||||||
| Correspondence | Address | 16Upper Woburn Place | |||||||
| London | |||||||||
| WC1H OAF | |||||||||
| Governing | Instrument | Associafion's Consbtution |
adopted 13th February 2001 | ||||||
| Charity Reisstration 22nd August |
2001 | ||||||||
| Objects | Toadvance rely'on in accordance |
with the tenets ofthe Pentecostal | denomination | ||||||
| in England and Wales, and to promote other charitable |
work of | the denomination, | |||||||
| in particular by holding services ofwomhip, Bible dasses and Sunday |
Schools. | ||||||||
| Statement | ofFinancial | The a5ached statement | offinancial acbviiies with accompanying | notes | |||||
| Activities | set out atrue and fair view of | the finances ofthe charity | forthe | period. | |||||
| Primary Bankers | Bardays Bank | ||||||||
| Independent | Examiner | Tove Accountancy Ltd |
|||||||
| Office 6, Town Hall |
|||||||||
| 86Watling Street East | |||||||||
| Towcester | |||||||||
| Northants | |||||||||
| NN12 6BS |
| 2020 | 2020 | 2020 | 2019 | |||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| Funds | Funds | Funds | Funds | |||
| Notes | E | 5 | 8 | |||
| INCOME | ||||||
| Donations and Legacies Charitable Acbvities |
3a 3b |
0 | 17,468 0 |
0 | 92,052 55 |
|
| Investments | 3c | 0 | 0 | 0 | 0 | |
| 17,468 | 86,322 | 92,107 | ||||
| Asset and investment | sales | |||||
| Loan repayments received |
||||||
| TOTAL INCOMING RESOURCES | 17,488 | 92,107 | ||||
| EXPENDITURE | ||||||
| Raising Funds Chsritsble Activites |
57 50,063 |
0 0 |
57 50,063 |
270 74,235 |
||
| Other | 0 | 0 | 0 | 0 | ||
| 50,120 | 0 | 50,120 | 74,504 | |||
| Asset and Investment | purchases | |||||
| Loans made | 0 | 0 | ||||
| TOTAL RESOURCES EXPENDED | 50,120 | 0 | 50,120 | 74,504 | ||
| Net Incoming Resources | 18,734 | 17,468 | 36,202 | 17,603 | ||
| Total Funds Brought Forward | 1,861 | 38,485 | 40,347 | 22,744 | ||
| TOTAL FUNDS CARRIED FORWARD | 20,595 | 55,953 | 78,549 | 40,348 |
| 2019 | ||||
|---|---|---|---|---|
| ASSETS | ||||
| Cash Funds: | ||||
| Prepaym ants Regus Deposit Bank |
962 75,586 |
962 39,382 |
||
| Cash | 0 | 3 | ||
| Represented | by: | |||
| General Fund | 21,736 | |||
| Restricted Funds | 18,611 | |||
| 40,346 | ||||
| Assets retained forthe Charity's own use: | ||||
| Equipment | 12,987 | 14,239 | ||
| LIABIUTIES | ||||
| Accountants | Examination | Fees outstandng | 716 | |
| Salaries | ||||
| HMRC FAYE | 71 | |||
| Nest Pension | 44 | |||
| 835 | 832 |
| 2020 | 2020 | 2020 | 2019 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
| 4. | EXPENDITURE | Unrestricted | estdoted | Tohl | Total | |||||
| Funds | Funds | Funds | Funds | |||||||
| 8 | & | 8 | ||||||||
| a) | Raising Funds Cd's &Publications |
0 | 0 | 0 | ||||||
| Printing of brochure | and fliers | 57 | 57 | 270 | ||||||
| 57 | 270 | |||||||||
| b) | Charitable | Acthrities Donations |
4,203 | 4,203 | 3,425 | |||||
| Honorarium | 750 | 750 | 0 | |||||||
| Musicians | 7,590 | 7,590 | 16,590 | |||||||
| Room Hire | 3,811 | 3,811 | 18,091 | |||||||
| Event Costs | 10 | 10 | 781 | |||||||
| Welfare 8 Hospitality | 1,155 | 1,155 | 2,979 | |||||||
| Wages | 13,436 | 13,436 | 13,284 | |||||||
| Pension | 526 | 526 | 505 | |||||||
| Oflice &Storage Rent | 11,689 | 11,689 | 11,584 | |||||||
| Rates | 0 | 0 | 0 | |||||||
| Travel expenses | 764 | 764 | 942 | |||||||
| Training snd Seminan. | 0 | 0 | 275 | |||||||
| Office Telephone, | postage and | stationery | 103 | 103 | 497 | |||||
| Repairs and renewals | 0 | 0 | 0 | |||||||
| Equipment Costs |
344 | 0 | ||||||||
| Software Costs | 187 | 187 | 0 | |||||||
| Insurance | 321 | 321 | 303 | |||||||
| Subscriptions | 844 | 723 | ||||||||
| Advertising and Promotion |
2,977 | 2,977 | 2,956 | |||||||
| Legal and Professional fees | 0 | 0 | 120 | |||||||
| Payroll &Examiners fees | 1,156 | 1,156 | 1,048 | |||||||
| HMRC Interest | 0 | 0 | 0 | |||||||
| Bank Charges | 198 | 198 | 132 | |||||||
| Bank Interest | 0 | 0 | 0 | |||||||
| 50,083 | 74,235 | |||||||||
| c) | Other | Sundry expenses | 0 | 0 | ||||||
| Other | 0 | 0 |
| 5.DETAILS OF CERTAIN ITEMS OF EXPENDITURE | 5.DETAILS OF CERTAIN ITEMS OF EXPENDITURE | 5.DETAILS OF CERTAIN ITEMS OF EXPENDITURE | 5.DETAILS OF CERTAIN ITEMS OF EXPENDITURE | 5.DETAILS OF CERTAIN ITEMS OF EXPENDITURE | ||||
|---|---|---|---|---|---|---|---|---|
| 5.1Fees for examinaSon of | the accounts | 2020 | 2019 | |||||
| 5 | 5 | |||||||
| independent examiner's fees Other fees paid to the inde pendent |
examiner | 716 439 1,15$ |
716 332 |
|||||
| 6.FIXEDASSETS | Computer | Musical | Fixtures 8 | Total | ||||
| Equipment | Equipment | Fittings | Assets | |||||
| Cost as | at | 01/01/20 | 4,743 | 7,823 | 1,673 | 14,239 | ||
| Additions | 240 | 240 | ||||||
| Dieposals | 1,492 | 1,492 | ||||||
| Cost as | at | 31/12/20 | 3,251 | 8,083 | 1,673 | 12,987 | ||
| Current | Value | 3,251 | 8,063 | 1,673 | 12,S87 | |||
| 7.CASK AT BANK | 31/1V20 | 31/12/19 | ||||||
| 8 | ||||||||
| Current Account | 2,321 | 453 | ||||||
| Savings | Account | 56 | 56 | |||||
| Building | Fund Account | 73,209 | 38,872 | |||||
| 75,588 | ||||||||
| 8.RESTRICTED FUNDS | Balance | Balance | ||||||
| 01-Jan-20 | Income 5 |
Expenditure | 31-Dec-20 f |
|||||
| Building | Fund | 38,485 | 17,468 | 55,953 | ||||
| Total | 38,4I5 | 17,488 |