## **THE NARROW GATE PROJECT** ## **FINANCIAL STATEMENTS** ## **AS AT 31.03.2024** **Charity number: 1115530** ## **THE NARROW GATE PROJECT** |**CONTENT PAGE**|PAGE| |---|---| |Charity details|1| |Statement of Financial Activities|2| |Balance Sheet|3| |Notes to the Account|4 to 5| ## **THE NARROW GATE PROJECT** ## **CHARITY INFORMATION** |Trustees|Mr Ebenezer O Mogaji (Chair)| |---|---| ||Mr Ademola Adebayo| ||Mrs Foluke O Mogaji| |Registered number|1115530| |Registered Address|32 Capel Road| ||Enfield| ||EN1 4SP| |Independent Examiner|Fleet & Smith| ||Chartered Certified Accountants| **1** ## **THE NARR0W GATE PROJECT Statement of Financial Activities** As at 31 March, 2024 |**THE NARR0W GATE PROJECT**
**Statement of Financial Activities**
As at 31 March, 2024|||||||| |---|---|---|---|---|---|---|---| |||||**2024**|||**2023**| ||**NOTES**|**Unrestricted**|**Restricted**|**Total**|**Unrestricted **|**Restricted**|**Total**| |||**£**|**£**|**£**|**£**|**£**|**£**| |**INCOME**|||||||| |Charitable Donations||20,701|-|20,701|29,796|-|29,796| |Other Donations||49,394|7,442|56,836|31,742|9,218|40,960| |**TOTAL CHARITABLE INCOME**|7|**70,095**|**7,442**|**77,537**|**61,538**|**9,218**|**70,756**| |**EXPENDITURE**|||||||| |Charitable activities|1|6,802|-|6,802|8,357|-|8,357| |Other Charitable Expenses|2|73,408|-|73,408|60,244|-|60,244| |**TOTAL EXPENDITURE**||**80,210**||**80,210**|**68,601**|**-**|**68,601**| |**NET**||(10,115)|7,442|(2,673)|(7,063)|9,218|2,155| |Balance b/fwd||10,151|9,218|19,369|17,214|-|17,214| |**Balance c/fwd**||**36**|**16,660**|**16,696**|**10,151**|**9,218**|**19,369**| **2** ## **THE NARR0W GATE PROJECT** ## **Balance Sheet** As at 31 March, 2024 |Notes
**Fixed Assets**
5
**Current Assets**
Cash/Bank
**Current Liabilities**
Other creditors
6
Net Current Assets
**Total Net Assets**
General Funds
Designated Funds|**31.03.24**
**31.03.24**
£
£
7,465
11,597
_2,366_
9,231
**16,696**
16,696
-
**16,696**|**31.03.23**
**31.03.23**
£
£
10,524
19,163
1,100
18,063
**28,587**
19,369
9,218
**28,587**| |---|---|---| **3** ## **THE NARR0W GATE PROJECT** **Notes to the Accounts -** Year End 31.03.24 |**1. Expenditure on Charitable activities**||**31.3.24**|||**31.3.23**|| |---|---|---|---|---|---|---| ||**Unrestricted**|**Restricted**|**Total**|**Unrestricted**|**Restricted**|**Total**| ||£|£|£|£|£|£| |**Outreach Activities**||||||| |Charitable Donations|6,802||6,802|6,979||6,979| |Other Donations|||-|||| |ER Social Contribution||||1,378||1,378| ||**6,802**||**6,802**|**8,357**||**8,357**| |**2. Other expenditure**||**31.3.24**|||**31.3.23**|| ||**Unrestricted**|**Restricted**|**Total**|**Unrestricted**|**Restricted**|**Total**| ||£|£|£|£|£|£| |Employee Costs|34,886||34,886|41,479||41,479| |Motor and travel costs|1,643||1,643|1,873||1,873| |Premised costs|9,676||9,676|8,900||8,900| |Amortisation, depreciation, impairment|5,163||5,163|3,962||3,962| |General Administrative costs|6,559||6,559|2,944||2,944| |Professional costs|480||480|1,086||1,086| |Other*|15,000||15,000|-||-| ||**73,408**||**73,408**|**60,244**||**60,244**| |* Other, represents ringfenced funds (income) for church organ purchase.||||||| |**3. Net income before transfers**||**31.3.24**|||**31.3.23**|| ||£||£|£||£| |This is stated after charging:||||||| |Depreciation of owned fixed assets|5,163||5,163|3,962||3,962| |**4. Staff costs**||||||| |Salaries and wages|30,151||30,151|34,738||34,738| |Social security costs|4,735||4,735|6,547||6,547| |Pension costs|-||-|194||194| ||**34,886**||**34,886**|**41,479**||**41,479**| **4** ## **5. Fixed Assets 31.3.24** |**5. Fixed Assets 31.3.24**||||| |---|---|---|---|---| |||**Computer**|**Other**|| ||**Vehicle**|**Equipment**|**Equipment**|**Total**| ||£|£|£|£| |Cost as at 1.4.23|15,000|1,943|2,793|19,736| |Additions||-|2,104|2,104| |**Total as at 31.3.24**|**15,000**|**1,943**|**4,897**|**21,840**| |Aggregate Depreciation as at 1.4.23|8,250|378|585|9,211| |Depreciation for the year|3,000|648|1,516|5,164| |**Total depreciation**|**11,250**|**1,026**|**2,100**|**14,375**| |**Net as at 31 March 2024**|**3,750**|**918**|**2,797**|**7,466**| |**Fixed Assets 31.3.23**||||| |**Assets 31.3.23**||||| |---|---|---|---|---| |||**Computer**|**Other**|| ||**Vehicle**|**Equipment**|**Equipment**|**Total**| ||**£**|**£**|**£**|**£**| |**Cost as at 1.4.22**|15,000|-|-|15,000| |Additions|-|1,943|2,793|4,736| |**Total as at 31.3.23**|**15,000**|**1,943**|**2,793**|**19,736**| |**Aggregate Depreciation as at 1.4.22**|5,250|-|-|5,250| |Depreciation for the year|3,000|378|584|3,962| |**Total depreciation**|**8,250**|**378**|**584**|**9,212**| |**Net as at 31 March 2023**|**6,750**|**1,565**|**2,209**|**10,524**| |**ors:**||||| |falling due within one year||||| |||**31.3.24**||**31.3.23**| |||**£**||**£**| |Other creditors*||2,366||1,100| |||**2,366**||**1,100**| |_*Included in other creditors is an amount of £180 for Independent_||_Examiners fees for the_|_current year under_|_review._| ## **6. Creditors:** amounts falling due within one year |**7. Income :**|**31.3.24**|**31.3.23**| |---|---|---| |General work contributions|35,250|40,700| |Church Bus donations and weekend away deposits|4,926|260| |Organ donations *|16,660|-| |Charitable donations|20,701|29,796| ||**77,537**|**70,756**| |_*Purchase of Organ for CAC Great Britain and related expenses_|_16,660_|| **5** ## **THE NARROW GATE PROJECT** ## **FINANCIAL STATEMENTS** ## **AS AT 31.03.2024** **Charity number: 1115530** ## **THE NARROW GATE PROJECT** |**CONTENT PAGE**|PAGE| |---|---| |Charity details|1| |Statement of Financial Activities|2| |Balance Sheet|3| |Notes to the Account|4 to 5| ## **THE NARROW GATE PROJECT** ## **CHARITY INFORMATION** |Trustees|Mr Ebenezer O Mogaji (Chair)| |---|---| ||Mr Ademola Adebayo| ||Mrs Foluke O Mogaji| |Registered number|1115530| |Registered Address|32 Capel Road| ||Enfield| ||EN1 4SP| |Independent Examiner|Fleet & Smith| ||Chartered Certified Accountants| **1** ## **THE NARR0W GATE PROJECT Statement of Financial Activities** As at 31 March, 2024 |**THE NARR0W GATE PROJECT**
**Statement of Financial Activities**
As at 31 March, 2024|||||||| |---|---|---|---|---|---|---|---| |||||**2024**|||**2023**| ||**NOTES**|**Unrestricted**|**Restricted**|**Total**|**Unrestricted **|**Restricted**|**Total**| |||**£**|**£**|**£**|**£**|**£**|**£**| |**INCOME**|||||||| |Charitable Donations||20,701|-|20,701|29,796|-|29,796| |Other Donations||49,394|7,442|56,836|31,742|9,218|40,960| |**TOTAL CHARITABLE INCOME**|7|**70,095**|**7,442**|**77,537**|**61,538**|**9,218**|**70,756**| |**EXPENDITURE**|||||||| |Charitable activities|1|6,802|-|6,802|8,357|-|8,357| |Other Charitable Expenses|2|73,408|-|73,408|60,244|-|60,244| |**TOTAL EXPENDITURE**||**80,210**||**80,210**|**68,601**|**-**|**68,601**| |**NET**||(10,115)|7,442|(2,673)|(7,063)|9,218|2,155| |Balance b/fwd||10,151|9,218|19,369|17,214|-|17,214| |**Balance c/fwd**||**36**|**16,660**|**16,696**|**10,151**|**9,218**|**19,369**| **2** ## **THE NARR0W GATE PROJECT** ## **Balance Sheet** As at 31 March, 2024 |Notes
**Fixed Assets**
5
**Current Assets**
Cash/Bank
**Current Liabilities**
Other creditors
6
Net Current Assets
**Total Net Assets**
General Funds
Designated Funds|**31.03.24**
**31.03.24**
£
£
7,465
11,597
_2,366_
9,231
**16,696**
16,696
-
**16,696**|**31.03.23**
**31.03.23**
£
£
10,524
19,163
1,100
18,063
**28,587**
19,369
9,218
**28,587**| |---|---|---| **3** ## **THE NARR0W GATE PROJECT** **Notes to the Accounts -** Year End 31.03.24 |**1. Expenditure on Charitable activities**||**31.3.24**|||**31.3.23**|| |---|---|---|---|---|---|---| ||**Unrestricted**|**Restricted**|**Total**|**Unrestricted**|**Restricted**|**Total**| ||£|£|£|£|£|£| |**Outreach Activities**||||||| |Charitable Donations|6,802||6,802|6,979||6,979| |Other Donations|||-|||| |ER Social Contribution||||1,378||1,378| ||**6,802**||**6,802**|**8,357**||**8,357**| |**2. Other expenditure**||**31.3.24**|||**31.3.23**|| ||**Unrestricted**|**Restricted**|**Total**|**Unrestricted**|**Restricted**|**Total**| ||£|£|£|£|£|£| |Employee Costs|34,886||34,886|41,479||41,479| |Motor and travel costs|1,643||1,643|1,873||1,873| |Premised costs|9,676||9,676|8,900||8,900| |Amortisation, depreciation, impairment|5,163||5,163|3,962||3,962| |General Administrative costs|6,559||6,559|2,944||2,944| |Professional costs|480||480|1,086||1,086| |Other*|15,000||15,000|-||-| ||**73,408**||**73,408**|**60,244**||**60,244**| |* Other, represents ringfenced funds (income) for church organ purchase.||||||| |**3. Net income before transfers**||**31.3.24**|||**31.3.23**|| ||£||£|£||£| |This is stated after charging:||||||| |Depreciation of owned fixed assets|5,163||5,163|3,962||3,962| |**4. Staff costs**||||||| |Salaries and wages|30,151||30,151|34,738||34,738| |Social security costs|4,735||4,735|6,547||6,547| |Pension costs|-||-|194||194| ||**34,886**||**34,886**|**41,479**||**41,479**| **4** ## **5. Fixed Assets 31.3.24** |**5. Fixed Assets 31.3.24**||||| |---|---|---|---|---| |||**Computer**|**Other**|| ||**Vehicle**|**Equipment**|**Equipment**|**Total**| ||£|£|£|£| |Cost as at 1.4.23|15,000|1,943|2,793|19,736| |Additions||-|2,104|2,104| |**Total as at 31.3.24**|**15,000**|**1,943**|**4,897**|**21,840**| |Aggregate Depreciation as at 1.4.23|8,250|378|585|9,211| |Depreciation for the year|3,000|648|1,516|5,164| |**Total depreciation**|**11,250**|**1,026**|**2,100**|**14,375**| |**Net as at 31 March 2024**|**3,750**|**918**|**2,797**|**7,466**| |**Fixed Assets 31.3.23**||||| |**Assets 31.3.23**||||| |---|---|---|---|---| |||**Computer**|**Other**|| ||**Vehicle**|**Equipment**|**Equipment**|**Total**| ||**£**|**£**|**£**|**£**| |**Cost as at 1.4.22**|15,000|-|-|15,000| |Additions|-|1,943|2,793|4,736| |**Total as at 31.3.23**|**15,000**|**1,943**|**2,793**|**19,736**| |**Aggregate Depreciation as at 1.4.22**|5,250|-|-|5,250| |Depreciation for the year|3,000|378|584|3,962| |**Total depreciation**|**8,250**|**378**|**584**|**9,212**| |**Net as at 31 March 2023**|**6,750**|**1,565**|**2,209**|**10,524**| |**ors:**||||| |falling due within one year||||| |||**31.3.24**||**31.3.23**| |||**£**||**£**| |Other creditors*||2,366||1,100| |||**2,366**||**1,100**| |_*Included in other creditors is an amount of £180 for Independent_||_Examiners fees for the_|_current year under_|_review._| ## **6. Creditors:** amounts falling due within one year |**7. Income :**|**31.3.24**|**31.3.23**| |---|---|---| |General work contributions|35,250|40,700| |Church Bus donations and weekend away deposits|4,926|260| |Organ donations *|16,660|-| |Charitable donations|20,701|29,796| ||**77,537**|**70,756**| |_*Purchase of Organ for CAC Great Britain and related expenses_|_16,660_|| **5** EN11 (￿j Phono: 019W2874397 for the y•ar •nd•d 31st 11a￿h >)X PROJECT Y￿ fThled 31st ￿24. not thls (JwtsesAd 2011. s144(2) (the 2011 Ad) *MI that the Charity sPAal(￿ 145(5Xb) of theA other than any fqUIr￿ that the accounts ￿e a arKI ￿ VI￿ ￿lch is not a 'ct Falegan FCCA M ACCA Fleet & Smilh Chartered certi￿ A(xountants