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|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||
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||||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|
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|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|
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|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||
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||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|||
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|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|
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|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),|
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|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+$5|
|At 31 March 2022|2,523,401|149,585||
|Depraohd ion||||
|At 1 April 2021|71,905|133,634||
|Charge tor the year|17,664|3,988||
|At 31Iastch 2022|89,589|137,622|227,191|
|Canylng
amount
At 31Marsh 2022|2,433,832|'f1483|2~,798|
|At 31 March 2021|2,450,581|14,051|2,464,812|
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|17.|Debtors|||||||
|---|---|---|---|---|---|---|---|
|||||||2022|2021|
|||||||2|2|
||Trade deblnrs|||||2,75$|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|
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|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|
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|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|
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|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|
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||||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|||
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|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|
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