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|CONTENTS|||PAGE|
|---|---|---|---|
|Reference and administrative||details||
|Trustee's
report||||
|Independent
Examiner's||||
|Statement
of Financial|Activities|||
|Balance sheet|||10.|
|Notes to the financial|statements||11 — 16|
|Trustees|||Pastor
M Bako|Pastor
M Bako||||
|---|---|---|---|---|---|---|---|
||||Pastor Q I Aleshinloye|||||
||||Pastor E Eneli|||||
||||Pastor E R Inwe|||||
|Registered|Charity|||||||
|Number|||1119496|||||
|Correspondence||Address|71/73 Beverly|Road||||
||||Hull|||||
||||East Yorkshire|||||
||||HU3 1XL|||||
|Pastor in Charge|||Pastor Qlumide||I Aleshinloye|||
|Bankers|||NatWest
Bank|Pic||||
||||Willerby
and
Kirk Ella|||(A) Branch||
||||The Square|||||
||||Willerby|||||
||||East Yorkshire|||||
||||HU10 7UA|||||
|Accountant|||Akintayo
Ojo FCCA|||||
||||Resource Management|||Consultants|Limited|
||||Chartered
Certified Accountant|||||
||||46 Hollywood|Way||||
||||Erith|||||
||||DAB 2QE|||||
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|||||Unrestricted||Restricted|Total||Total|
|---|---|---|---|---|---|---|---|---|---|
|||||Funds||Funds|Funds||Funds|
|||||2022||2022|2022||2023|
||||Notes|||||||
|INCOMING
RESOURCES||||||||||
|Donations,
8t similar
incoming||resources||203,612||19,947|223,559||135,686|
|Grants for Community
Projects||||||4,940|4,940||47,541|
|Gift aid Receivable||||46,093|||46,093||27,983|
|Other Grants S.Income Received||||4,0QQ|||4,000||91,285|
|Investment
Income||||6,93Q|||6,930||10,425|
|Total incoming
resources||||246,775||24,887|271,662||312,920|
|RESOURCES EXPENDED||||||||||
|Charitable
expenditure||||||||||
|Grants
payable
—individual||||10,989|||10,989||1,584|
|Grants
payable
—institutional||||20,642|||20,642||14,861|
|Costs of activities
in furtherance||of||||||||
|charities objects|||9|112,293||22,144|134,437||240,506|
|Support Cost|||10|8,864|||8,864||8,998|
|Management
and governance|costs||11|58,366||6,398|64,763||71,990|
|Total resources
expended||||211,153||28,542|239,695||337,939|
|Net (outgoing)/incoming
resources for year||||35,622|-|3,655|31,967|-|25,019|
|Total funds at the start of the|year|||3,855||428,075|431,930||456,949|
|BALANCE AT ENO OF YEAR||||39,47?||424,420|463,897||431,930|
|||797,558||
|---|---|---|---|
|||22,QG8||
||||2,62Q|
|||96,746|1G5,025|
|||916,312|6Q9,051|
|||4,8GG||
||||122,389|
||||5G,QQG|
|NET A5SET5||463„897|431,93G|
|CHAPATTY|FUNDS|||
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|||||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||||Funds|Funds|Funds|Funds|
|||||||2D22|2022|2022|2021|
|6. INVESTMENT INCOME||||||||||
|Net Rental Income||||17||10,070||10,070|10,425|
|Hall Hire Receipts||||||3,140||3,140||
|||||||6,930||6,930|10,425|
|Amount
represents
net rental income|||received|from 3 flats owned|by|the charity. The|income was|used to advance||
|the objects ofthe charity.||||||||||
||||||||2022|2022||
|7. Grants
payable
—individual||||||||||
|Individual
welfare||||||10,989||10,989|1,584|
|||||||2022|2D22|2022|2021|
|8. Grants
payable
—institutional||||||||||
|Charitable
giving
-UK||||||20,642||20,642|14,861|
|Charitable
giving -overseas||||||||||
|Total||||||20,642||20,642|14,861|
|List of institutional|grants|payable||||||||
|RCCG WEM||||||15,052||15,052|10,306|
|RCCG Centra
I Office||||||960||960|960|
|Festival of Life||||||180||180|180|
|Others||||||4,450||4,450|3,415|
|Total grant payable|—institutional|||||20,642||20,642|14,861|
|9.COST OF ACTIVITIES IN FURTHERANCE||||OF CHARITY'S OBjE||f||||
|Partners
and consultancy||||||||||
|Seminar, conferences 5subscriptions||||||1,156||1,156|721|
|Travel and subsistence||||||10,160||10,160|3,208|
|Vehicle running
and|repairs|||||9,193||9,193|4,805|
|Visiting
minister's
expenses||||||300||300|2,446|
|Community
projects||||||20,194|8,865|29,059|74,331|
|Missions
and evangelism
Welfare 5 hospitality||||||20,554
6,266|13,279|33,833
6,266|25,519
4,183|
|Telephone
5.internet||||||1,653||1,653|1,727|
|Printing,
postage, stationery|||5.IT consumables|||4,142||4,142|1,525|
|Repairs,
renewal
and|maintenance|||||16,978||16,978|96,849|
|Worship cost, music|5.church||group|||4,856||4,856|2,187|
|Utilities||||||3,595||3,595|4,897|
|Insurance||||||3,432||3,432|2,773|
|Volunteer
expenses||||||93||93|255|
|Training
5.development|||||||||3,580|
|Depreciation||||||9,722||9,722|11,500|
|||||||112,293|22,144|134,437|240,506|
|||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||Funds|Funds|Funds|Funds|
|||||2022|2022|2022|2021|
|10.SUPPORT COSTS||||||||
|Telephone
8t internet
Printing,
postage, stationery 5||IT consumables||413
475||413
475|1,151
1,017|
|Utilities||||899||899|258|
|Admin
5.office expenses||||2,48Q||2,48Q|2,556|
|Bank charges||||3,937||3,937|587|
|Sundry expenses||||660||660|3,429|
|||||8,864||8,864|8,998|
|11.MANAGEMENT|AND GOVERNANCE||COSTS||||f|
|Staff cost||||50,516||50,516|51,939|
|Admin
S.office expenses|||||||2,262|
|Professional
fees|- Legal 5Leases||||6,398|6,398|12,994|
|Professional
fees|- accountancy|S.examination||4,800||4,800|3,000|
|Professional
fees|—Other|||925||925|800|
|Professional
fees|- accountancy|other||2,125||2,125|995|
|||||58,366|6,398|64,763|71,990|
|Professional
fees - accountan|cy
other||2,125
58,366|6,398|2,125
64,763|995
71,990|
|---|---|---|---|---|---|---|
|12. FIXED ASSETS|||||||
|12a.
BUILDING|||||Total|Total|
||||||31-Mar|31-Mar|
||||||2021|2020|
||||||E||
|Cost at 1 April 2021|||||479,758|479,758|
|Additions
in the year|||||317,800||
|Cost at 31 March 2022|||||797,S58|479,758|
|12b. TANGIBLE ASSETS|||||||
||Motor|Musical|Computers|Furniture 5|Total|Total|
||Vehicles|equipment|&.projectors|fittings|31-Mar|31-Mar|
||||||2022|2021|
|Cost|||||||
|At 1 April 2021|6,505|11,418|12,925|15,1SO|45,998|32,427|
|Additions|4,380|5,702|||10,Q82|13,571|
|At 31 March 2022|10,885|17,120|12,925|15,150|56,080|45,998|
|Depreciation|||||||
|At 1 April 2021|2,294|6,882|5,824|9,3S1|24,351|12,851|
|Charge for the year|2,862|2,560|2,367|1,933|9,722|11,500|
|At 31 March 2022|5,156|9,442|8,191|11,284|34,073|24,351|
|Net book value|||||||
|At 31 March 2022|5,729|7,679|4,734|3,866|22,008|21,648|
|At 31 March 2021|4,211|4,537|7,101|S,800|21,648||
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|13. DEBTORS||||||||Year ended|Year ended|
|---|---|---|---|---|---|---|---|---|---|
|||||||||31-Mar|31-Mar|
|||||||||2022|2021|
|Rent due|||||||||2,320|
|Other debtors|||||||||300|
||||||||||2,620|
|14. CASH BALANCES|||||Unrestricted||Restricted|Total|Total|
|||||||Funds|Funds|Funds|Funds|
||||||||2022|2022|202i|
|Bank balance||||||||||
|Building
fund account|||||||18,314|18,314|81,582|
|Current
account|||||78,432|||78,432|23,443|
|At 31 March 2021|||||78,432||18,314|96,746|105,025|
|||||||||Year ended|Year ended|
|15. CREDITORS||||||||31-Mar|31-Mar|
|||||||||2022|2021|
|||||||||E||
|Accrual
and deferred||income: Independent|||Examiner's|fees||4,800|4,200|
|Short term|||||||||532|
|||||||||4,800|4,732|
|||||||||Year ended|Year ended|
|16a.
LONG TERM LIABILITY||||||||31-Mar|31-Mar|
|||||||||2022|2021|
|Mortgage
(Triodos Bank)||||||||447,615|122,389|
|||||||||447,615|122,389|
|Amount
represents|outstanding||balance|on|Mortgage|on church|flats.|||
|||||||||Year ended|Year ended|
|16b.
LONG TERM LIABILITY||||||||31-Mar|31-Mar|
|||||||||2022|2Q21|
|Bounce Back Loan|||||||||50,000|
||||||||||5Q,QOO|
|Amount
represents|outstanding||balance|on|Mortgage|on church|flats.|||
|16. STAFF COST AND||NUMBERS||||||Year ended|Year ended|
|Staff costs were as follows||||||||31-Mar|31-Mar|
|||||||||2022|2021|
|||||||||E||
|Wages and salaries||||||||43,940|45,794|
|Socia I security costs||||||||4,848|4,417|
|Pensions||||||||1,885|1,728|
|||||||||50,673|51,939|
##
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|17. STAFF N|UMBERS||||||Year ended|Year ended|
|---|---|---|---|---|---|---|---|---|
|The average
number||of employee||during|the year was as follows||31-Mar|31-Mar|
||||||||2022|2021|
||||||||No.||
|Pastoral|||||||||
|Charity
administration|||||||||
|Total|||||||||
|No employee|received|remuneration||amounting||to more than F50,000 in the year.|||
|18. INVESTMENT INCOME|||||||||
|RENTAL INCOME ACCOUNT|||||||Year ended|Year ended|
||||||||31-Mar|31-Mar|
||||||||2022|2021|
|||||||||f|
|Rental Income from Church|||Flats||||32,113|18,706|
|Less mortgage|interest||||||14,425|4,361|
|Rental income|after interest||||||17,689|14,345|
|Expenditure|||||||||
|Management|Fee||||||5,557|2,205|
|Letting fees|||||||894|125|
|Repairs S.maintenance|||||||14,893|1,119|
|Council rates|||||||1,195||
|Insurance|||||||1,710||
|Safety checks|||||||1,844||
|Cleaning|||||||365||
|Utilities|||||||220|471|
|Equipment|||||||1,082||
|Total expenditure|||||||27,759|3,920|
|Net Rental Income|||||||10m070|10~425|
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|ANALYS|IS OF NET|ASSE|TS BETWE|EN FUNDS: CURRENT PER|IOD||||
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted||Total|
||||||Funds|Funds||Funds|
||||||2022|2022||2022|
|Tangible|fixed assets||||22,008|||819,566|
|Current|assets||||78,432|||96,746|
|Creditors|amount|falling|due within|one year|4,800|—|-|4,800|
|Creditors|amount|falling|due after|more than one year||-447,615|—447,615||
||||||95,640|368,257||463,897|
|ANALYSIS OF NET||ASSETS BETWEEN FUNDS: PRIOR YEAR|||||||
||||||Unrestricted|Restricted||Total|
||||||Funds|Funds||Funds|
||||||2021|2021||2021|
|Tangible|fixed assets||||21,618|479,758||501,376|
|Current|assets||||36,939|70,706||107,645|
|Creditors|amount|falling|due within|one year|4,732|||4,732|
|Creditors|amount|falling|due after|more than one year|50,000|-12Z,389|-|172,389|
||||||3,825|428,075||431,900|
##
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|22.
NET INC|OMING
RESOURCES/(RES|OURCES
EXPENDED)|||
|---|---|---|---|---|
||||Year ended|Year ended|
|This is stated|after charging||31-Mar|31-Mar|
||||2022|2021|
||||E||
|Depreciation|of tangible assets owned|by the charity|22,008|21,648|
|Accountant's|fees||4,800|3,000|
##