# 



## 

||Pages|
|---|---|
|Administrative||
|Trustees report||
|Independent<br>Examiners'<br>report||
|Statement offinancial activities||
|Statement offinancial position||
|Detailed income and expenditure|9-10|
|Notes to the Financial Statements||





## 

## 



## 

## 

## 



## 

## 

## 

## 

## 



## 

## 

## 

## 



||||||Unrestricted|Unrestricted|
|---|---|---|---|---|---|---|
|Income Resources|||||Funds 2022|Funds 2021|
|||||Notes|||
|Tithes, offering and Thanksgiving|||||239,115|175,608|
|Gift Aid|||||29,132|29,205|
|Other voluntary<br>income|||||||
|Bank interest received|||||||
|Totallncome<br>Resources|||||268,247|204,813|
|Resources Expended|||||||
|Missionary<br>and charitable|giving||||49,154|34,071|
|Direct Parish Expenditure|||||177,364|131,890|
|Management<br>&Administration|||ofCharity||1,725|2,455|
|Total Resources Expended|||||228,243|168,416|
|Net Income and outgoing||resources|||40,004|36,397|
|Net Movement<br>in Fund|||||||
|Adjustment<br>Unrestricted||Fund Balance|||||
|B/FWD|||||422,110|385,714|
|Unrestricted<br>Fund Balances C/FWD|||||462,114|422,110|





## 

||||||||Total this year|Total last year|
|---|---|---|---|---|---|---|---|---|
||||||Notes||f|f|
|Fixed assets|||||||||
|Tangible assets||||||3|436,591|454,549|
|Total fixed asset|||||||436,591|454,549|
|Current assets|||||||||
|Debtors|||||||||
|Cash at bank|and in||hand||||75,887|41,941|
||||||||75,887|41,941|
|Creditors: Amount||falling||due within one year|||28,176|27,935|
|Net current|assets||||||47,711|14,005|
|Tota I assets|less current|||liabilities|||484,302|468,553|
|Creditors: Amounts|||falling due after more than||||||
|one year|||||||22,188|46,444|
|Total net assets or||liabilities|||||462,114|422,110|
|Funds ofthe|Charity||||||||
|Restricted income||funds|||||||
|Unrestricted|income||funds||||462,114|422,110|
|Revaluation|Reserve||||||||
|Tota I funds|||||||462,114|422,110|





||||Unrestricted|Restricted|Total Fund|
|---|---|---|---|---|---|
|Income and Resources||||||
|Tithes, offering and Thanksgiving|||239,115||239,115|
|Gift Aid|||29,132||29,132|
|Other voluntary<br>income||||||
|Bank interest received||||||
|Total Income Resources|||268,247||268,247|
|OUTGOINGS||||||
|Missionary<br>and charitable||giving||||
|RCCG central office|||11,068||11,068|
|FOL||||||
|Other mission &charities|||250||250|
|RCCG parishes|||5,152||5,152|
|WEM|||28,684||28,684|
|Region/province|||4,000||4,000|
||||49,154||49,154|
|Direct Parish Expenditure||||||
|Ministry:||||||
|Honorarium|||15,310||15,310|
|Wages &salary &taxes|||69,495||69,495|
|Resident Pastor (Thanksgiving)|||9,796||9,796|
|Church<br>—running cost:||||||
|Mortgage interest &other||loan|2,357||2,357|
|telephone<br>and multimedia|||2,092||2,092|
|Repairs & maintenance|||3,970||3,970|
|Printing<br>&Stationeries|||1,063||1,063|
|Welfare and charitable|activities||6,983||6,983|
|Book, communion<br>etc|||999||999|
|Utilities|||9,855||9,855|
|Vehicle running<br>cost|||258||258|
|Cleaning|||670||670|
|Conferences<br>&training|||7,301||7,301|
|Accessories|||484||484|
|Insurance|||3,180||3,180|





## 

|Admin|||3,464|3,464|
|---|---|---|---|---|
|premises|||||
|Entertainment|||||
|Petty cash|||1,200|1,200|
|Choir, Youth|&Children||785|785|
|Travelling<br>expenses|||6,152|6,152|
|Musical production|||||
|Installation|costs||349|349|
|Depreciation|||31,601|31,601|
||||177,364|177,364|
|Management|&Administration|of|||
|Charity|||||
|Professional|and Consultancy|fees|1,540|1,540|
|Bank charges|||185|185|
|HP interest|||||
||||1,725|1,725|





## 

## 

## 

## 

## 

## 

## 

|Depreciation|has been provided atthe following rates on areducing balance method.||
|---|---|---|
|Equipment||25O/0|
|Church Offices, Fixtures and Fitting||250/o|
|Furniture's|S.computer|250/0|
|orVehicle||25O/0|



|2.Operating<br>Profit|2022|2021|
|---|---|---|
|This is stated after charging:|||
|Depreciation ofowned fixed assets|F31,601|f47,049|





## 

## 

|3.Tangible<br>Fixed Assets||||
|---|---|---|---|
||Land and|||
||Buildings|Equipment|Total|
|Cost/Net<br>BookValue||||
|As at 1stJanuary 2022|724,133||724,133|
|Addition<br>rimprovementjduring<br>the year|11,527|2,114|13,641|
|Disposa I/ written off||||
|At 31st December 2022|735,660||737,774|
|Depreciation||||
|As at 1stJanuary 2021|269,583||269,583|
|Depreciation<br>charge for the||||
|year|31,072||31,601|
|Disposa I/written<br>off||||
|At 31st December 2022|300,655||301,184|
|Net Book Value At 31st||||
|December 2021|435,005|0|436,591|





||||||2022|2021|
|---|---|---|---|---|---|---|
||||||f|f|
|4.Creditors|amount||failling due within||||
|one year|||||||
|Other creditors-Accountancy<br>fees||||||600|
|Bank loan|||||28,176|27,335|
||||||28,176|27,935|
||||||2022|2021|
||||||f|f|
|5.Creditors|amount||failling due more||||
|than one year|||||||
|Bank loan|||||22,188|46,444|
||||||22,188|46,444|
||||||2022|2021|
||||||f|f|
|6.Unrestricted||funds|brought forward||422,110|385,714|
|Adjustment|unrestricted|||funds for the|40,004|36,397|
|period|||||||
|As at 31st December|||2021||462,114|422,110|
||||||2022|2021|
|7.Staff cost|||||||
|Ministers<br>renumeration||||&others paid|||
|in the year|||||69,495|45,109|