2022-03-31-accounts

Trustees' annual report (incorporating the director's	Trustees' annual report (incorporating the director's	report)
Independent auditor's	report tothe members
Statement offinancial	activities {including income and
expenditure account)
Statement offinancial	position
Statement ofcash flows
Notes to the financial	statements
The following pages	do not form part ofthe financial statements
Detailed statement of	financial activities

			Y	ear ended	31Nlarclt	2022
						2822
						Restrtcfed
						funds	Total funds	Total funds
						2	2
Income snd endowments
Donaticns Other trading activities Invernment Inwme				4 5 8	220436 719,979 48		22$,015 71$,$7$ 48	208,048 517,937 24
Government	grsnls income			21	25317		25r317	138,132
Total Income					965,880	5,479	$71~	962,141
Expenditure
Expenditure	on raising funds:
Costs Coats	of reining donations ofother trading activilfes			7 8	9W1 510,341	12,365		10,883 482,096
Expenditure	on charlhble	activities		$,11	284,802	3,532		252,067
Toht expenditure					604,704	15,897		745,048
I$ettnccme	and net movement		In	funds	181.176	(10,418)	180,788	117,0$5
Reconcghtlon offunds
Total Ibnds	brought forward				277,908	36,297	316,208	199,110
Tohl funds	catvtsd forward							316,205

Fixed sasete Tangible sxed arrests				2~,795	2,464,612
Current eeaete
Debtors		17	ESP02		1,453
Cash at bank and in hand			1,124		S5,656
			14425		37,109
Cnulltaner amounts	laglng due within one year	18	244,110
Net current gablllees
Total assets tees current gablatles				2,216,011	2,227,612
Creditors: amounts	falling due after mors than
ane year				1,749,048	1,911,507
tant assets				4$6 r193	S16,205
Funds ofthe charity Reetrlcled funda				27,578	36497
Unresiriaied funds				439,084	277,906
'Total charity funds					316,205

Costs ofo	ther trading scMtles
		Unrestricted	Reeirioted	Total Funda
		Funds	Funds	2022
		2		2
Fuadralsine	trading - CMC nursery	455,780		455,780
Support ccats (note 10)		54,581	12465	86,926
			12,385	522,706
		Unrestricted	Reetriatetl	Total Funds
		Funds	Funds	2021
		2	2	2
Fundnuelng	tredine - QvlC nursery	406,912		405412
Support caela (nate 10)		64,871	i1,513	78,184
		470,583	11,513

	Unrestricted	Reslricted	Total Funds
	Funds	Funds	20n
	2	2	2
Direct chamable cost	254,776		284,775
Suppart costs (note 10)	15,590	3,532	ie,i22
	270,S86	3.532
	Unrsetrtcted	Fteetdcted	Total Funds
	Funds	Funds	2021
	2	2	2
Oireot oharttabfe cast Support ccats (note 10)	197,055 ie,'476	3+89	197,055 21,767
	215,533

10.	Ryendaure	on char	8a	bbr acthrtOes by	acthrBy type
							Cost of	Total
					Cost of		generating	Support
					charitable	Fund raising	vorurdsry	Cost
					acbvities	trading	income	2022
					2	2	2	2
	Bank fess				347	1414	173	1,734
	Cleaning Depreclalcn Insurance	8Imfxurment			431 4,330 2,603	1,508 15,158 9,109	215 2,165 1+01	2,154 21,652 13,013
	ITsoftware and consumables				132	460	66	658
	Ught, power, hsaBing Misceftarxrous molar expenses Motor vehide expense Motor vehide hire Pensions ccats Postage 8courier Printing 5stationery				1,283 72 709 1,921 2,337 16 703	4,490 252 2,483 6,725 8,'160 57 2,459	641 35 SS5 961 1,169 8 351	8814 380 ~7 8~ 11586 81 3,813
	Repair &maintenance Safftrafring Subscription Telephone 8 Internet				1,854 S40 1,013	8,480 1,192 3,546 3,605	927 170 507 515	9,272 1,702 5,088 5,150
					1S,122			85,NB
11.	Qovernsncs	costs
						Unrerarioled	Tolel Funds	Total Funds
						Funds	2022	2021
						2	2
	Accountancy Audit fess	fees				4,520 2,700	4,520 2,700	4,080 2,700
	Legal 5pmfesslonal		cost			7,217	7,217	26,467
						14,437	14~
12,	Net Income
	Net income isstated		alter charging/(credIBng):
							2022	2021
							2	2
	Deprecis6on	oftangible		fixed assets			21,652	22,34'I
13.	Auditors remuneration
								2021
								2
	Fees payable	for the	audit ofthe Bnsrxial		statemenis			2,700

The total staff costs	and employee	benefits f	cr the rsporlng period are analyssd as foll	ows:
			2022	2021
				2
Wages snd Salaries			617,212	434,073
thmtal security costs Other pension costs			38,811' 11,685	30,987 9,0'l1
			884414	474,071
			2022	2021
			NO.	No.
The average Monthly	Number ofemployees		during the year 33	28
Only one employee,	Mi, Babatunds	Batogun,	was paid 287,368during the year (2021;	Nil),

Tangible fbtsd assets
	Land and
	buildings	Equipment
		2
Cost
At 1 April 2021	2,522,466	147,885	2,870,181
Additions	935	1,900	2+$5
At 31 March 2022	2,523,401	149,585
Depraohd ion
At 1 April 2021	71,905	133,634
Charge tor the year	17,664	3,988
At 31Iastch 2022	89,589	137,622	227,191
Canylng amount At 31Marsh 2022	2,433,832	'f1483	2~,798
At 31 March 2021	2,450,581	14,051	2,464,812

17.	Debtors
						2022	2021
						2	2
	Trade deblnrs					2,75$	1.45$
	Other deblcrs					t0,449
						1aPm	'I,453
1L	Gash and cash equltmtsnte
	Cash and cash equivalents		comprise the following:
						2022	2021
						2	2
	Cash st htnk and in hand					1,124	35,656
	Bank overdrafts
						1,124	S5,656
19.	Credaora: amounts faglng		due wlthtn	one yser
						2022	2021
						8	9
	Bank loans and overdrafls					124,174	126,490
	Amounts owed to group underlaldngs Accruals and deferred income					77,658	24,056 80W1
	Social security end other tsxss Othm creditors					2$,270 19,008	12430 28/12
						244,110	273,909
20.	Cmdaors: amounts falling		due after mora than one year
						2022	2021
						8	2
	Bank loans and overdrans					1,561,666	1,628,941
	Other creditors					187,$82	282,666
						1,749&048	1,911,607
	The amounts recognised	in	the finandal	statements	fcrgovernment	grants are as fclicws:
						2022	2021
						2	2
	Recognised In Income from Government grants Income		dona9cns and lsgadts:			25417	1S6,1$2

tfnrestrict	ed funds
						At
			At			St Nhneh 202
			1 April 2021	Income	Expend 0ure	2
				2		2
			277,906	965,860	(804,704)	439,064
						At
			At			31 March 202
			1 April 2020	Income	Expenditure
			2	2	2	2
			155,270	652,882	(730,244)	277,908
						At
			At		51 March 202
			1 April 2021	Income	Expenditure	2
			2	2	2	2
Restricted	Fund —building	fund	38,297	5,479	(15,897)	27JPS
						At
			At			31 March 202
			1 April 2020 2	Income	Expenditure F	1 2
RsstrhM	Fund- building	fund	43,640	9,259	(14,802)	38,297

Flnanchd inshumsnts	Flnanchd inshumsnts	Flnanchd inshumsnts
The Carrying amount far each			category ofiinandal	instrument	isas foliaws:
					$022
					2
Financial	sweets measured		al fair vafue through	Income and exjumdlture
Finandsf	assets measured	atfair vafue through Income and
expenditure					19$28	37,109
Phanchd	Itabtffaes measured at fair vafue through Income				and expendtuuu
Financial	liabilities measured		at fair value through	fncome and
scrpenditure					147$,2$2	2,$56302

IACDMII4Q AMOUACBS
V'olunlary Incame
	Total Funda	Total Funds
	2022	2021
	2	2
Dcnatlcrls
Donations -Thanksgiving Danatlans -Tithes Oanstians —Offering	SJAAI 105,008 l~	5,651 115,956 19,644
Oanatlans —Ohsr Donation	BQSS	16,764
Donations —Gfft Aid	4I4548	92,643
Oonahons —Building fund	Sr475	9,259
Donations —Junior church Colfecffon	28	10
Danatians —Hsdasssh	1,956	1,856
Oonaffans —First Fruit	158	66S
Danstians- Seed ofGratitude	32	660
Danations —Kingsmsn	225	940
Danstians —Welfare	220	998
Donations —Temple Fund		2,800

			Total Funds
			2021
			2
Rerit			170
Employment	Caet	368,882	323,585
Nursery Miso	Expense	1RAi60	7,764
Interest Paid		74jQS	74,393
		458,780	405,9'I 2

				Total Funds
			2022	2021
			2
Chruftable	donation		1IL696	15,317
FOL60ut	Reach		Sr415	3,645
Hsdasssh lfananuium	Expenses		SN 6~0	2,300 2,700
Hospitality	8Retreat		1+76
Hall hire far churah ssrvhss			3,804	4,390
Music 8Choir Expense Emplayrnsnt Gast			2,182 167~	3,786 142,768
Rent 5Rates Consulting			2,1SS 2~	4,579 622
Travelling:	Irrlsrnstionsi	5 Lanai	10484	2,228
Advertising	& Marketing		3,180	164
Welfare Expense			312	2M
Mlscsllaneaus (Including		Interest)	13,892	14,356
				197,055

Tatel	Funda	Total	Funds
	2022		2021
	2		2
	4,960		4,080
	2,700		2,700
	8,777		26,437
	14r437

ort Cost
			Total Funds	Total Funds
			3022	2021
			8	6
Msneginent:
t.lgtn, Power,	HeaNng		5,414	11,999
Insurance			13,ttt9	10,966
ITCast			858	1,309
Printing, Btatkrnery		and Potnsge		1,066
HP Interest
Bank Interest	and	Charges	1,734	1573
Motor Expenses Repairs 6Malrrlenance			14154 Sut72	11,S92 20,123
Cleaning			4154	1,364
Oepredatian			21,652	22,941
Subscription			5,066	3,007
Tehrphone			4150	6,723
Miscellaneous			360	1,349
Hulnsn Rgggulggt
Pension Cost			11,885	9,011
BtsN Training			1„782
Reorunmsnt	Expenaes			7,506
			820,601	745,046