2020-12-31-accounts

Trustees			Mr PAAdefarasin
			Mr AOyewumi
			Mr AOluwaleimu
			Dr C Ujam	(Appointed	6 October
				2021)
Charity	number		1102396
Company		number	4824843
Principal	address		The Rock Tower
			49Tufnell Park Road
			London
			N7 OPS
Registered		office	The Rock Tower
			49 Tufnell Park Road
			London
			N7 OPS
Auditor			D Lee 8Co
			2nd Floor, Premier House
			309Ballards Lane
			London
			N12 8LY
Bankers			Barclays Bank PLC
			131 Finchley Road
			London
			NW3 6HY
Solicitors			Stone King
			39 Cloth Fair
			London
			EC1A7JQ

		Page
Trustees' report		1-6
Statement oftrustees'	responsibilities
Independent auditor's	report	8-10
Statement offinancial	activities
Balance sheet		12
Statement ofcash flows		13
Notes to the financial	statements	14-24

			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			funds	funds		funds	funds
	Notes		2020 E	2020 6	2020 6	2019 6	2019 6	2019f
lgggtttafttttL
Donations and legacies		3	424,969		424,969	535,378		535,378
Activities for generating
fund			(169)		(169)	217		217
Investments			47,782		47,782	130,458		130,458
Total income			472,582		472,582	666,053		666,053
RefmIRgmua:
Raising funds		6	23,669		23,669	8,449		8,449
Charitable activities		7	530,176	14,485	544,661	657,014	14,485	671,499
Total resources
expended			553,845	14,485	568,330	665,463	14,485	679,948
Net expenditure	for the	year/
Net movement	in funds		(81,263)	(14,485)	(95,748)	590	(14,485)	(13,895)
Fund balances	at 1
January 2020			2,525,358	565,940	3,091,298	2,524,768	580,425	3,105,193
Fund balances	at 31
December 2020			2,444,095	551,455	2,995,550	2,525,358	565,940	3,091,298

					2020	2019
				Notes	5	8
Fixed assets
Tangible assets					5,677,603	5,823,170
Current assets
Debtors				13	4,252	9,669
Cash at bank and		in	hand		55,790	28,746
					60,042	38,415
Creditors:	amounts		falling due within
one year				15	(663,751)	(691,784)
Net current	liabilities				(603,709)	(653,369)
Total assets less		current liabilities			5,073,894	5,169,801
Creditors:	amounts		falling due after
more than	one year			16	(2,078,344)	(2,078,503)
Net assets					2,995,550	3,091,298
Income funds
Restricted	funds			17	551,455	565,940
Unrestricted	funds				2,444,095	2,525,358
					2,995,550	3,091,298

							2020		2019
						Notes	6		6
Cash flows from operating			activities
Cash generated from/(absorbed					by)	23
operations								16,269		(21,944)
Investing		activities
Purchase	oftangible fixed assets						(12,398)
lnvesimenl		income received					47,782		130,458
Net cash activities	generated from investing							35,384		130,458
Financing		activities
Repayment		of bank loans					(24,609)		(95,663)
Net cash		used in financing	activities					(24,609)		(95,663)
Net increase in cash and cash					equivalents			27,044		12,851
Cash and		cash equivalents	at	beginning		ofyear		28,746		15,895
Cash and		cash equivalents		at	end of	year		55,790		28,746

		Unrestricted	Unrestricted
		funds	funds
		2020	2019
		6	6
Donations	and gifts	387,885	535,378
Coronavirus	Job Retention Scheme	37,084
		424,969	535,378

			Unrestricted	Unrestricted
			funds	funds
			2020	2019
			6	6
Non-charitable	trading	activities	(169)	217
Investments
			Unrestricted	Unrestricted
			funds	funds
			2020	2019
			6	6
Rental income			47,776	130,451
Interest receivable			6	7
			47,782	130,458

				Unrestricted	Unrestricted
				funds	funds
				2020	2019
				6	F
Advertising				23,669	8,449
				23,669	8,449
Charitable	activities
				Religious	Religious
				activities	activities
				2020	2019
				6	8
Staff costs				57,445	57,042
Depreciation		and impairment		147,595	147,595
Religious	activities			74,380	175,937
				279,420	380,574
Share of support costs (see note 8)				204,641	234,408
Share of governance			costs (see note 8)	60,600	56,517
				544,661	671,499
Analysis	by	fund
Unrestricted		funds		530,176	657,014
Restricted	funds			14,485	14,485
				544,661	671,499
Forthe year ended			31 December 2019
Unrestricted		funds		657,014
Restricted	funds			14,485
				671,499

8	Support costs
		Support	Governance	2020	Support	Governance	2019
		costs	costs		costs	costs
		6	6		6	F
	Staff costs	78,825	49,112	127,937	76,119	48,768	124,887
	Depreciation	10,370		10,370	9,694		9,694
	Repairs, maintenance and security costs	2,635		2,635	11,490		11,490
	Rates and utilities costs	20,190		20,190	22,990		22,990
	Other indirect cost	3,516		3,516	4,299		4,299
	Bank charges and bank
	loan interest	53,630		53,630	68,069		68,069
	Travel expenses	45		45	164		164
	Telephone	3,912		3,912	3,334		3,334
	Insurance	10,685		10,685	10,742		10,742
	Cleaning costs	11,366		11,366	17,500		17,500
	Computer expenses	9,467		9,467	10,007		10,007
	Audit fees		4,000	4,000		4,000	4,000
	Accountancy		7,488	7,488		3,749	3,749
		204,641	60,600	265,241	234,408	56,517	290,925
	Analysed between
	Charitable activities	204,641	60,600	265,241	234,408	56,517	290,925

The average	monthly number ofemployees during	the year was:
		2020	2019
		Number	Number
Religious
Administration
Employment	costs	2020	2019
		6
Wages and salaries		170,672	169,447
Social security	costs	9,758	8,065
Other pension	costs	4,952	4,417
		185,382	181,929

			Freehold land	Fixtures,	Total
			and buildings	fittings s,
				equipment
				8
Cost
At 1 January	2020		7,379,754	634,267	8,014,021
Additions				12,398	12,398
At 31 December 2020			7,379,754	646,665	8,026,419
Depreciation	and impairment
At 1 January	2020		1,585,666	605,185	2,190,851
Depreciation	charged	in the year	147,595	10,370	157,965
At 31 December 2020			1,733,261	615,555	2,348,816
Carrying amount
At 31 December 2020			5,646,493	31,110	5,677,603
At 31 December 2019			5,794,088	29,082	5,823,170

12	Financial	instruments	instruments					2020	2019
								6	8
	Carrying	amount	offinancial			assets
	Debt instruments		measured		at	amortised	cost	4,252	9,669
	Carrying	amount	offinancial			liabilities
	Measured	at amortised		cost				2,740,022	2,764,561
13	Debtors
								2020	2019
	Amounts	falling	due within		one year:			6	8
	Other debtors							4,252	9,669
14	Loans and overdrafts
								2020	2019
								6	6
	Bankloans							2,078,344	2,102,953
	Payable	within one year							24,450
	Payable	after one	year					2,078,344	2,078,503
	Amounts	included	above which			fall due	after five years:
	Payable	by instalments						1,694,708	1,693,871

			2020	2019
		Notes	6	6
Bank loans		14		24,450
Other taxation and social security			2,073	5,726
Trade creditors			656,236	655,412
Other creditors			1,122	1,876
Accruals and deferred	income		4,320	4,320
			663,751	691,784

Credi	tors: amounts falling due after	more than one year
			2020	2019
		Notes	E	E
Bank	loans	14	2,078,344	2,078,503

				Balance at	Resources	Balance at	Resources	Balance at
			1	January 2019	expended1	January 2020	expended	31 December
								2020
							E	E
Land	and	building		580,425	(14,485)	565,940	(14,485)	551,455

18	Analysis of net assets	between funds
		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		funds	funds		funds	funds
		2020	2020	2020	2019	2019	2019
		E	E	E	E	E	E
	Fund balances at 31
	December 2020 are
	represented by:
	Tangible assets	5,126,148	551,455	5,677,603	5,257,230	565,940	5,823,170
	Current assets/
	(liabilities)	(603,709)		(603,709)	(653,369)		(653,369)
	Long term liabilities	(2,078,344)		(2,078,344)	(2,078,503)		(2,078,503)
		2,444,095	551,455	2,995,550	2,525,358	565,940	3,091,298

2020	2019
E
	1,317

							2020	2019
							8	8
	Aggregate compensation						57,446	57,042
23	Cash generated from	operations					2020	2019
							8	6
	Deficit for the year						(95,748)	(13,895)
	Adjustments for:
	Investment income recognised		in	statement	offinancial	activities	(47,782)	(130,458)
	Depreciation and impairment		oftangible fixed assets				157,965	157,289
	Movements in working	capital:
	Decrease/(increase) in	debtors					5,417	(1,354)
	(Decrease) in creditors						(3,583)	(33,526)
	Cash generated from/(absorbed			by) operations			16,269	(21,944)

24	Analysis	ofchanges in net (debt)/funds
			At 1January	Cash flows	At 31 Decemtrer
			2020		2020
			8
	Cash at	bank and in hand	28,746	27,044	55,790
	Loans falling due within one year		(24,450)	24,450
	Loans falling due after more than one year		(2,078,503)	159	(2,078,344)
			(2,074,207)	51,653	(2,022,554)