#
|Trustees|||Pastor
M Bako|||||
|---|---|---|---|---|---|---|---|
||||Pastor 0 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 Olumide|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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|||||Llnrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||Funds|Funds|Funds|Funds|
|||||2023|2D23|2D23|2022|
||||Notes|||||
|INCOMING
RESOURCES||||||||
|Donations, 5similar
incoming||resources||331,519|58,343|389,862|223,559|
|Grants for Community
Projects||||480|23,022|23,502|4,940|
|Gift aid Receivable||||75,031||75,Q31|46,093|
|Other Grants RIncome Received||||5,124|49,957|55,Q81|4,0QQ|
|Investment
Income||||7,149||7,149|6,93Q|
|Total incoming
resources||||419,303|131,323|550,626|271,662|
|RESOURCES EXPENDED||||||||
|Charitable
expenditure||||||||
|Grants payable
—individual||||9,595||9,595|10,989|
|Grants payable
—institutional||||41,159||41,159|20,642|
|Costs of activities
in furtherance||of||||||
|charities objects|||9|128,833|67,517|196,350|134,437|
|Support Cost|||10|18,481||18,481|8,864|
|Management
and governance|costs||11|66,317||66,317|64,763|
|Total resources
expended||||264,385|67,517|331,902|239,695|
|Net (outgoing)/incoming
resources for year||||154,918|63,806|218,724|31,967|
|Total funds at the start of the|year|||39,477|424,420|463,897|431,930|
|BALANCE AT END OF YEAR||||194,395|488,226|682,621|463,897|
##
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|||||||Unrestricted|Restricted|Total||Total|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||Funds|Funds|Funds||Funds|
|||||||2023|2023|2023||2022|
|6. INVESTMENT INCOME||||||||||E|
|Net Rental Income||||||7,149||7,149||10,070|
|Hall Hire Receipts||||||||||3,140|
|||||||7,149||7,149|—|6,930|
|Amount
represents
net rental|||income received||from 3 flats owned|by the charity.|The income was|used to advance|||
|the objects ofthe charity.|||||||||||
|||||||2023|2023|2023||2022|
|7. Grants
payable
- individual||||||||||E|
|Individual
welfare||||||9,595||9,595||10,989|
|||||||2023|2023|2023||2022|
|8.Grants payable
—institutional|||||||||||
|Charitable
giving
-UK||||||41,159||41,159||20,642|
|Charitable
giving -overseas|||||||||||
|Total||||||41,159||41,159||20,642|
|List of institutiona
I gra|||nts payable|||E|||||
|RCCG WEM||||||34,319||34,319||15,052|
|RCCG Central
Office||||||960||960||960|
|Festival of Life||||||180||180||18Q|
|Others||||||5,700||5,700||4,450|
|Total grant payable|—institutional|||||41,159||41,159||20,642|
|9. COST OF ACTIVITIES IN||FURTHERANCE|||OF CHARITY'S OB3EC||||||
|Partners
and consultancy|||||||||||
|Seminar,
conferences||5.subscriptions||||180
2.||2,180||1,156|
|Travel and subsistence||||||,539
19||19,539||1Q,160|
|Vehicle running
and|repairs|||||3,656||3,656||9,193|
|Visiting
minister's
expenses||||||10,350||10,350||300|
|Community
projects||||||3,485|30,062|33,547||29,059|
|Missions and evangelism||||||8,969|37,455|46,424||33,833|
|Welfare 5.hospitality||||||6,922||6,922||6,266|
|Telephone
8t. internet||||||1,459||1,459||1,653|
|Printing,
postage, stationery||||RITconsumables||2,237||2 237||4,142|
|Repairs,
renewal
and|maintenance|||||27,793||27,793||16,978|
|Worship cost, music|5.church|||group||2,831||2,831||4,856|
|Utilities||||||?,543||7,543||3,595|
|Insurance||||||5,362||5,362||3,432|
|Volunteer
expenses||||||93||93||93|
|Training 5development||||||2,863||2,863|||
|Depreciation||||||23,551||23,551||9,722|
|||||||128,833|67,517|196,350||134,437|
||||||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||Funds|Funds|Funds|Funds|
||||||||2023|2023||2022|
|10.SUPPORT COSTS|||||||f.||f||
|Telephone
&.|internet||||||1,459||1,459|413|
|Printing,
postage,||stationery||&.|IT consumables||1,491||1,491|475|
|Uti!ities|||||||3,233||3,233|899|
|Admin
Koffice expenses|||||||3,244||3,244|2,480|
|Bank charges|||||||6,188||6,188|3,937|
|Sundry expenses|||||||2,866||2,866|660|
||||||||18,481||18,481|8,864|
|11.MANAGEMENT||AND GOVERNANCE||||COSTS|f||||
|Staff cost|||||||56,595||56,595|50,516|
|Professional|fees|- Legal|&.|Leases|||240||240|6,398|
|Professional|fees|—accountancy|||&.examination||7,500||7,500|4,800|
|Professional|fees|—Other|||||983||983|925|
|Professional|fees|—accountancy|||other||1,000||1,0QQ|2,125|
||||||||66,317||66,317|64,763|
|12. FIXED ASSETS|||||||
|---|---|---|---|---|---|---|
|12a. BUILDING|||||Total|Total|
||||||31-Mar|31-Mar|
||||||2023|2022|
|||||||f|
|Cost at 1 April 2022|||||797,558|479,758|
|Additions
in the year|||||82,024|317,800|
|Cost at 31 March 2023|||||879,582|797,558|
|12b. TANGIBLE ASSETS|||||||
||Motor|Musical|Computers|=urniture 5|Total|Total|
||Vehicles|equipment|S.projectors|fittings|31-Mar|31-Mar|
||||||2023|2022|
|Cost||f||f|f|f|
|At 1 April 2022|10,885|17,120|12,925|15,150|56,080|45,998|
|Additions|25,90Q|22,482|4,435|2,SQQ|55,317|10,082|
|At 31 March 2023|36,785|39,602|17,360|17,650|111,397|56,080|
|Depreciation|||||||
|At 1 April 2022|5,156|9,442|8,181|11,284|34,063|24,351|
|Charge for the year|9,337|8,180|3,476|2,558|23,551|9,722|
|At 31 March 2023|14,493|17,622|11,65?|13,842|57,614|34,073|
|Net book value|||||||
|At 31 March 2023|22,292|21,980|5,703|3,808|53,783|22,008|
|At 31 March 2Q22|5,729|7,679|4,734|3,866|22,008||
##
|13. DEBTORS|||||||Year ended|Year ended|
|---|---|---|---|---|---|---|---|---|
||||||||31-Mar|31-Mar|
||||||||2023|2022|
||||||||E||
|Gift Aid Receivable|||||||75,031||
|Other debtors|||||||4,950||
||||||||79,981||
|14. CASH BALANCES||||Unrestricted||Restricted|Total|Total|
||||||Funds|Funds|Funds|Funds|
||||||2023|2023|2023|2022|
|Bank balance|||||||||
|Building
fund account||||||18,875|18,875|18,314|
|Current
account||||123,421|||123,421|78,432|
|At 31 March 2021||||123,421||18,875|142,295|96,746|
||||||||Year ended|Year ended|
|15. CREDITORS|||||||31-Mar|31-Mar|
|||||||||2022|
||||||||E||
|Accrual
and deferred|income: Independent|||Examiner's|fees||9,800|4,8QO|
|Short term|||||||||
||||||||9,800|4,800|
||||||||Year ended|Year ended|
|16a. LONG TERM LIABILITY|||||||31-Mar|31-Mar|
||||||||2023|2022|
||||||||E||
|Mortgage
(Triodos Bank)|||||||463,220|447,615|
||||||||463,220|447,615|
|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|
||||||||2023|2022|
||||||||E||
|Wages and salaries|||||||5Q,376|43,940|
|Social security costs|||||||4,524|4,848|
|Pensions|||||||1,695|1,885|
||||||||56,595|50,673|
##
||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|17.|STAFF|NUMBERS|||||||||Year ended|Year ended|
|The|average|number|of|employee|during|the|year|was|as|follows|31-Mar|31-Mar|
||||||||||||2023|2022|
||||||||||||No.|No.|
|Pastoral||
|---|---|
|Charity|administration|
|Total||
##
|18. INVESTMENT INCOME|18. INVESTMENT INCOME|18. INVESTMENT INCOME||||
|---|---|---|---|---|---|
|RENTAL INCOME ACCOUNT|||Year ended||Year ended|
||||31-Mar||31-Mar|
||||2023||2022|
|Rental Income|from Church|Flats|51,013||32,113|
|Less mortgage|interest||20,387||14,425|
|Rental
income|after interest||30,626||17,689|
|Expenditure||||||
|Management|Fee||6,743||5,557|
|Legal fees|||584|||
|Letting fees|||270||894|
|Repairs 5.maintenance|||11,136||14,893|
|Council rates|||356||1,195|
|Insurance|||1,708||1,710|
|Safety checks|||1,089||1,844|
|Cleaning|||410||365|
|Utilities|||99||220|
|Equipment|||1,082||1,082|
|Total expenditure|||23,477||27,759|
|Net Rental Income|||7 149|—|10070|
##
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##
|ANALYSI|S OF NET|ASSE|TS BETWE|EN FLlNDS: CURRENT PER|IOD|||
|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Total|
||||||Funds|Funds|Funds|
||||||2023|2023|2023|
|Tangible|fixed assets||||53,783|879,582|933,365|
|Current|assets||||123,421|18,875|142,296|
|Creditors|amount|falling|due within|one year|9,800||9,800|
|Creditors|amount|falling|due after|more than one year||-463,220|—463,220|
||||||167,404|435,237|602,641|
|ANALYSIS OF NET||ASSETS BETWEEN FUNDS: PRIOR YEAR||||||
||||||Unrestricted|Restricted|Total|
||||||Funds|Funds|Funds|
||||||2022|2022|2022|
|Tangible|fixed assets||||22,008|797,558|819,566|
|Current|assets||||78,432|18,314|96,746|
|Creditors|amount|falling|due within|one year|4,800||4,800|
|Creditors|amount|falling|due after|more than one year||-463,217|—463,217|
||||||95,640|352,655|448,295|
##
##
|22.
NET INC|OMING
RESOURCESl(RES|OURCES
EXPENDED)|||
|---|---|---|---|---|
||||Year ended|Year ended|
|This is stated|after charging||31-Mar|31-Mar|
||||2023|2022|
||||E|E|
|Depreciation|of tangible assets owned|by the charity|23,551|9,722|
|Accountant's|fees||7,500|4,800|
##