2020-12-31-accounts

			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
		Note	2020 f	2020 f	2020 6	2019f
Income from:
Donations and legacies		4	3,242,264	312,016	3,554,280	4,582,825
Total income			3,242,264	312,016	3,554,280	4,582,525
Expenditure on:
Charitable activities		5	2,852,936	103,827	2,956,763	4,155,207
Total expenditum			2,852,936	103,827	2,956,763	4,155,207
Net income			389,328	208,189	597,517	427,618
Transfers between	funds	17	21,420	(21,420)
Net movement in funds			410,748	186,769	597,517	427,618
Reconciliation offunds:
Total funds brought	forward		4,489,839	1,645,948	6,135,787	5,708,169
Net movement in funds			410,748	186,769	597,517	427,618
Total funds cardied forward			4,900,587	1,832,717	6,733,304	6,135,787

			BALANCE	SHEET
			AS AT 31 DECEMBER 2020
			Note		2020f		2019 f
Fixed assets
Tangible assets			10		5,975,695		6,045,692
Investments			'11		62,000
					6.037,095		6,045,692
Current assets
Debtors			12	189,497		224,086
Cash at bank and	in	hand		2.091,495		1,583,829
				2,280,992		1,807,915
Creditors: amounts	falling due within one
year			13	(468,781)		(525,389)
Net current assets					1,812,211		1,282528
Total assets less current liabilities					7,849,306		7,328,218
Creditors: amounts	falling due after more
than one year			14		(1,056,479)		(1,112,908)
Provisions for liabilities					(59,523)		(79,523)
Net assets excluding		pension asset			6,733,304		6,135,787
Total net assets					6,733,304		6,135,787
Charity funds
Restricted funds			17		1,832,717		1,645,948
Unrestricted funds			17		4,900,587		4,489,839
Total funds					6,733,304		6,135,787

		STATEMENT OF CASH FLOWS	STATEMENT OF CASH FLOWS
	FOR THE		YEAR ENDED 31DECEMBER 2020
				2020 6	2019 f
Cash flows from operating	activities
Net cash used in operating	activities			790,204	559,956
Cash flows from investing	activities
Proceeds from the sale oftangible fixed assets				2,201
Purchase oftangible fixed assets				(140,547)	(529,538)
Purchase ofinvestments				(62,000)
Net cash used in investing	activities			(200,346)	(629,538)
Cash Rows from financing	activities
Cash infiows from new borrowing					355,850
Repayments of borrowing				(125,269)	(I73,992)
New finance leases				47,607
Repayments offinance leases				(4,530)
Net cash (used in)/provided by financing			activities	(82,192)	181,858
Change in cash and cash	equivalents	in	the year	50'7,666	142,276
Cash end cash equivalents	at the beginning		ofthe year	1,583,829	1,441,553
Cash and cash equivalents	st the end of		the year	2,091,495	1,553,829
The notes on pages 21 to43 form part		ofthese financial statements

	Unrestricted	Restncted	Total
	funds	funds	funds
	2019	2019	2019
	5		5
Donations	4,301,625	281,200	4,582,825

Charitable	Activities
Charitable	Activities

Unmstricted	Restricted	Tobrl
funds	funds	funds
2020	2020	2020
6	6	6
2,852,936	103,827	2,956,763
Unrestncted	Restricted	Total
funds	funds	funds
2019	2019	2019
		5
4,049,310	105,897	4,155,207

		Activities
		undertaken	Support	Total
		directly	costs	funds
		2020	2020	2020
		6	6	6
Charitable	Activities	1,945,737	1,011,026	2,956,763

6.	Analysis		ofexpenditure	ofexpenditure	ofexpenditure	by	activities (continued)
								Activities
								undertaken	Support	Total
								directly	costs	funds
								2019	2019	2019
	Charitable		Activities					3,089,951	1,085,245	4,155,207
	Analysis	ofdirect			costs
									Direct costs
									-Charitable	Total
									Activities	funds
									2020	2020
									8
	Staff costs								386,228	386,228
	Donations,		grants	&outreach			activities		67,320	67,320
	Conferences and			events					419,393	419,393
	Hospitality		and honorarium						3,377	3,377
	Printing,	postage and stationery							35,297	35,297
	Welfare,	donations			and local		projects		59,936	59,938
	Advertising		and publicity						2,871	2,871
	Motor and		travel						75,761	75,761
	Rent and	rates							895,552	695,652
									1,945,737	1,945,737

6.	Analysis ofexpenditure	Analysis ofexpenditure	by	activities (continued)
	Analysis ofdirect	costs	(continued)
					Direct costs-
					Charitabie	Total
					Activities	funds
					2019	2019
					5
	Staff costs				383,074	353,074
	Donations, grants &outreach			activities	156,979	156,979
	Conferences and events				636,297	636,297
	Hospitality and honorarium				45,569	45,569
	Printing, postage and stationery				61,050	61,050
	Welfare, donations	and local		projects	54,540	64,540
	Advertising and publicity				10,781	10,761
	Motor and travel				307,565	307,565
	Rent and rates				1,424,106	1,424,106
					3,089,951	3,059,961
	Analysis ofsupport	costs
					Charitable	Total
					Activities	funds
					2020	2020
					6	6
	Depreciation				208,943	208,943
	Subscriptions				11,486	11,486
	General expenses				6,521	6,521
	Telephone and fax				46,238	46,238
	ITand software				8,465	8,465
	Repairs and renewals				149,195	149,196
	Electricity				81,113	81,113
	Insurance				38,708	38,708
	Premises expenses				19,758	19,768
	Interest				58,956	68,956
	Motor expenses				15,516	15,516
	Other support costs				20,134	20,134
	Governance costs				335,982	335,982
					1,011,026	1,011,026

						Chantable	Total
						Activies	funds
						2019f	2019f
Depreciation						209,269	209,269
Subscriptions						9,005	9,005
General expenses						61,799	61,799
Telephone and fax						50,140	50,140
IT and software						11,209	11,209
Repairs and	renewals					152,092	152,092
Electricity						117,621	117,S2f
Insurance						34,176	34,176
Premises expenses						31,609	31,609
Interest						74,455	74,455
Motor expenses						36,707	36,707
Other support costs						35,498	35,498
Governance	costs					241,SSS	241,666
						1,065,246	1,065,246
Auditors' remunerabon
						2020f	2019f
Fees payable	to the Charity's	auditor		for the audit ofthe Charity's	annual
accounts						16,200	15,000
Fees payable	to the Charity's	auditor		in respect of:
All non-audit	services not included		above			2,600	2,200

				2020 6	2019f
Wages and	salaries			413,938	414,229
Social security costs				31,934	32359
Contribution	to defined	contribution	pension schemes	14,334	f1,635
				460,206	458,223

Trustees'	remuneratio	n and expen	ses
					2020	2019
					6	5
Bamidele	Omotayo		Remuneration		31,710	31,332
			Pension contributions	paid	1,268	1,253
Oluwafemi	Emmanuel	Oladipo	Remuneration		30,766	30,399
			Pension contributions	paid	1,231	1,216
Kehinde Williams			Remuneration		2,800	4,800

	Freehold	Plant and	Motor
	property	machinery 5	vehicles 8	Totalf
Cost or valuation
At 1 January 2020	6,184,547	1,290,267	251,206	7,726,020
Additions		140,547		140,547
Disposals		(10,192)	(20,000)	(30,192)
At 31 December 2020	6,184,547	1,420,622	231,206	7,836,375
Depreciation
At 1 January 2020	381,982	1,054,089	244,257	1,680,328
Charge forthe year	88,380	120,126	2,638	211,144
On disposals		(10,192)	(20,000)	(30,192)
At 31 December 2020	470,362	1,164,023	226,895	1,861,280
Net book value
At 31 December 2020	5,714,185	256,599	4,311	5,975,095
At31December 2019	5,802,555	236,178	0,949	0,045,592

	Unlisted
	investmentsf
Cost or valuation
Additions	62,000
At 31 December 2020	62,000
Net hook value
At 31 December 2020	62,000
	Page 33

		2020	2019
		5
Due within one year
Other debtors		154,580	189,198
Prepayments	and accrued income	34,917	54,888
		189,497	224,088

		2020f	2019
Bank loans		161,421	151,312
Other taxation and social security		8,739	8,322
Obligations under finance lease and hire purchase contracts		7,628
Other creditors		204,961	238,381
Accruals and deferred	income	86,012	117,374
		466,781	525,389

								2020	2019f
Bank loans								1,021,030	1,112,908
Net obligations		under	finance lease		and hire purchase	contracts		36,449
								1,056379	1,112,908
The aggregate		amount		of liabilities	payable or repayable		wholly or in part more than five		years afier the
reporting	date	is:
								2020f	2019f
Payable	or repayable		by	instalments				668,439	760,912
								668,439	750,912

	Other
	provisions
	5
At 1 January 2020	79,523
Additions	(20,000)
	59,523

Statement	of	funds - curre	nt year
							Balance at
			Balance at 1				31
			January			Transfers	December
			2020	Income	Expenditure	in/out	2020
			5	8	6
Unrestricted		funds
General Funds - all funds			4,489,839	3,242,264	(2,852,936)	21,420	4,900,587
Restricted	funds
Restricted	Fund 1		1,645,948	312,016	(103,827)	(21,420)	1,832,717
Total offunds			6,135,787	3,554,280	(2,956,763)		6,733,304

Summary offunds - prior year
				Balance at
	Balance at			31
	1January			December
	2019f	Income f	Expenditure f	2019
General funds	4,237,524	4,301,625	(4,049,310)	4,489,839
Restricted funds	1,470,645	281,200	(105,897)	1,645,948
	5,708,169	4,582825	(4,155,207)	6,135,787

Analysis	ofnet assets	between funds - currant	period
			Unrestricted	Restricted	Total
			funds	funds	funds
			2020f	2020	2020f
Tangible	fixed assets		4,863,019	1,112,076	5,975,095
Fixed asset investments				62,000	82,000
Current assets			1,419,641	861,351	2,280,992
Creditors	due within one year		(268,071)	(202,710)	(468,781)
Creditors	dus in more than one year		(1,056,479)		(1,056,479)
Provisions	for liabilities	and charges	(59,523)		(59,523)
Total			4,900,587	1,832,717	6,733,304

		2020	2019
		6
Not later than	1 year	425,858	395,292
Later than 1 year and not later than 5years		1,261,679	575,850
Later than 5years		27,500
		1,715,035	971,142