| Oromo evangelical | church oflondon | |||
|---|---|---|---|---|
| Charity No. 1120061 | ||||
| STATEMENT OF | FINACIAL ACTIVITIES | for the year ended 31 December 2022 | ||
| 2022 | 2021 | |||
| Tithe | F14,145.69 | F6,516.00 | ||
| Sunday offerings and Donations | f.7,646.?4 | f.1,776.43 | ||
| Tax Refund | E1,588.87 | |||
| Bereavement and Support |
82,660.00 | F3,165.00 | ||
| CHurch Members trip contribution |
f,1,490.0Q | F2,000.00 | ||
| Acrude Tax refund income | 83,686.54 | F2,043.25 | ||
| Interest Income | F225.88 | |||
| TOTAL INCOIIE RESOURCES | @29,854.85 | R17,098.13 | ||
| RESOURCES EXPENDED | ||||
| Charitable Expenses |
82,810.00 | E3,165.00 | ||
| Worshipping trip expenses |
F1,894.00 | |||
| Church Choir Unform dothes |
F711.00 | |||
| cost ofmoney transfer and Bibles | f401.00 | |||
| Depreciation expenses 10% |
8213.00 | f709.25 | ||
| Media (website 8 Zoom }Expenses | f214.86 | |||
| Mothers and Fathers Days celebration | expenses | 8145.00 | ||
| Miscellanous expenses |
F100.00 | |||
| Conferences leading preachers |
F714.00 | |||
| Travel Expenses | E1,676.68 | |||
| Hotel Expenses | 8437.93 | |||
| Gift Expenses | 8700.00 | |||
| Premises, Admin &General expenses |
f7,390.00 | E2,060.00 | ||
| Membership expenses |
F314.38 | 2yrs | 6500.00 | |
| Salary expenes | 82,000.00 | |||
| TOTAL RESOURCES EXPENDED | f17007.85 | R9 148.25 | ||
| Net incoming | f12,847.00 | R7,947.88 | ||
| Total Funds Brought Forward | F103,683.88 | F95,736.00 | ||
| TOTAL | f118,530.88 | R103,883.88 |
| 2022 | 2021 | ||
|---|---|---|---|
| Fixed Assets | E?,405.00 | f7,405.00 | |
| Acc. Depreciaiton | F5,490.25 | E5,2??.25 | |
| Net Fixed Assets | R1„914.75 | R2,127.75 | |
| CURRENT ASSETS | |||
| Natwest Current Account |
E4,510.35 | 218,420.61 | |
| Nattiest Saving Account |
6110,434.40 | E8?,205.58 | |
| Accrude Tax refund recievable | E3,686.54 | E2,043.25 | |
| TOTAL CURRENT ASSETS | f.118,831.29 | F.107,889.44 | |
| FIXED8 CURRENTASSETS | El20,546.04 | f109,797.19 | |
| ACCT PAYABLE/CREDITORS | |||
| Creditor | |||
| Hall rent | 'E310.00 | E1,240.00 | |
| Spiritual Conferences Payable |
E1,415.?8 | E?14.56 | |
| Membership payable {Tokumma) |
6314.38 | 2500.00 | |
| OBISpayable | 2yls | E2,540.00 | |
| EECMY payable | 6150.00 | ||
| Restricted Fundds {Womens group) | 2150.00 | ||
| Womens fundraising payable |
E1,825.00 | E1,825.00 | |
| TOTAL ACCT PAYABLE | R4,015.18 | R6,989.58 | |
| NET CAPITAL | R118,530.88 | F102,827.83 | |
| TOTAL LIABILITYLCAPITAl | F120,546.04 | 8109,?97.19 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Unrestricted | Total | |||
| Funds | Funds | |||
| Notes | ||||
| Incoming resources | ||||
| Charitable activities |
29,629 | 17,089 | ||
| Investment income |
226 | |||
| Total Income Resources | 29,855 | 17,096 | ||
| Resource expended | ||||
| Charitable activities: |
||||
| Direct charitable activities |
17,536 | 9,148 | ||
| Total Resources Expended | (17,536) | (9,148) | ||
| Net incoming | 12,319 | 7,948 | ||
| Total funds brought | forward | |||
| At 01 January 2022 | 103,684 | 95,736 | ||
| Total funds carried | forward | |||
| At 31December 2022 | 116,003 | 103,684 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Unrestricted | Total | ||||
| Notes | Funds | Funds | |||
| Fixed Assets | |||||
| Tangible | assets | 1,387 | 2,128 | ||
| 1,387 | 2,128 | ||||
| Current | Asset: | ||||
| Debtors | 3,687 | 2,043 | |||
| Cash at bank | and in hand | 114,944 | 105,626 | ||
| 118,631 | 107,669 | ||||
| Creditors | |||||
| Amounts | falling due within one | ||||
| year | (4,015) | (6,113) | |||
| Net Assets | 116,003 | 103,684 | |||
| Funds: | |||||
| Unrestricted | funds | ||||
| General | 116,003 | 103,684 | |||
| Total Funds | 116,003 | 103,684 |
| Notes to the Financial Statements- | continued | ||
|---|---|---|---|
| for the year Ended 31December | 2022 | ||
| 2.DONATIONS | |||
| 2022 | 2021 | ||
| Tithes and offerings | 25,942 | 13,457 | |
| Gift Aid | 3,687 | 3,632 | |
| 29,629 | 17,089 | ||
| 3.INVESTMENT INCOME | |||
| 2022 | 2021 | ||
| Interest receivable | 226 | ||
| 4.CHARITABLE ACTIVITIES | |||
| Direct charitable activities |
2022 | 2021 | |
| Rent and Hall hire | 7,949 | 2,560 | |
| Volunteers and visiting Preachers |
1,411 | 2,000 | |
| Holy Bibles and other Spiritual materials | 616 | ||
| Spiritual Conference | 2,115 | 714 | |
| Other ministry expenditure |
4,704 | 3,165 | |
| Depreciation | 741 | 709 | |
| Total Charitable expenditure |
17,536 | 9,148 |
| 6.TANGIBLE FIXE | DASSETS | ||
|---|---|---|---|
| Musical | |||
| equipment | |||
| COST | |||
| At 31December 2022 | 7,405 | ||
| DEPRECIATION | 5,277 | ||
| Charge for year | 741 | ||
| At 31December 2022 | 6,018 | ||
| NET BOOKVALUE | |||
| At 31December 2022 | 1,387 | ||
| At 31December 2021 | 2,128 | ||
| 7.Debtors: Amounts | falling due within one year | ||
| 2022 | 2021 | ||
| Tax Receivables | 3,687 | 2,043 | |
| 8.Creditors: Amounts | falling due within one year | ||
| 2022 | 2021 | ||
| Accrued expenses | 4,015 | 6,113 |
| Brought Forward |
Income | Expenditure | Carried Forward |
||
|---|---|---|---|---|---|
| Unrestricted | funds | ||||
| General funds | 103,684 | 29,855 | 17,536 | 116,003 | |
| Total funds | 103,684 | 29,855 | 17,536 | 116,003 |
| 2022 | 2021 | |
|---|---|---|
| Unrestricted | Unrestricted | |
| funds | funds | |
| Tangible fixed assets | 1,387 | 2,128 |
| Debtors | 3,687 | 2,043 |
| Cash at bank | 114,944 | 105,626 |
| Creditors | (4,015) | (6,113) |
| Total funds | 116,003 | 103&684 |
| Sufnmary th8 chanty governing |
Qfthepres of as set out iA its document |
Qfthepres of as set out iA its document |
Toworship the Lord our God and creator, preach and spread ihe Gospel in our owA God+@'en Oromo language, Afaan Oromo, and to provide holistic support to fellow Oromos and others. |
|---|---|---|---|
| Summary | ofthe main | Conducting regular Sunday Worship |
|
| activities in relation tothose pluses forthepic benefit, in particular, the |
pfogrammes. 2 Hdping to instil Christ character in individuals, marriages and in families |
||
| acbvfties, | projects of sefvlces | through regular, systematic bible study |
|
| identified | in the accounts. | scss1ons. | |
| 3. Leading every person toput his faith m | |||
| Christ as Savoir and Lord to love him | |||
| with all their heart, soul, mind and | |||
| s+rength. | |||
| 4. Helping each believer discern his place | |||
| ofIniIl1stfy and assist hlH1/lier toexercise | |||
| their spiritual giAS within the fdiovrship |
|||
| ofour Church family. | |||
| Statement | confrfnlng | The trustees have fuNr~d forthe | |
| whether the trustees have | guidance ofthe Charity Commission on |
||
| had regard to the guidance | public benefit. The trustees always ensure | ||
| issued by | the Charity | they afe wofklAg towalds achleviAg the | |
| Commission QA pubhc |
purposes listed in the Church's constitution, |
||
| benefit | which isthe fAaln Qvernin docufAent |
||
| Ad Nona' inf~tion | fop5onal) | ||
| You ma | choose to include further statements | where relevant about | |
| Policy QA | gfaAt. making | Para 13S | |
| Policy on | social investment | 'No policy OA social tAvestffi8At eithef' |
|
| including | program related |
||
| investment | |||
| Majority ofthe Church activities have been | |||
| undertaken by volunteer members ofthe |
|||
| Church for which the trustees are ve |
| R8VIew ofthe chanty | s | The Church's | financial review atthe |
financial review atthe |
financial review atthe |
end of | |
|---|---|---|---|---|---|---|---|
| financia! position at the end | the penod shows a total | IAcorne Qff29,855, | |||||
| ofthe p8flod | total expenditure of17,096and dif'ference of Incofne over ex~Ituf8 fofth8 y8af Is |
||||||
| D2,759 | |||||||
| Statement explaining |
the | Para 1.22 | The church*s | reserves | policy is to | maintain | |
| policy for holding reserves | sufhcient free |
reserves | to enable | It to meet | |||
| stating why they are | hekl | its short-'.emI |
financial | obligations | in the |
||
| event of an unexpected | revenue | shortfall to | |||||
| allow the church to be |
Pllal laged | 8Tlfciently | |||||
| and to provide | a~er | to ensure | continuity | ||||
| ofthe activities ofthe Church. | |||||||
| Reasons for holding | zero | ||||||
| resep4'es | |||||||
| Explanation ofany |
|||||||
| uncertainties about the |
|||||||
| ch I '* cont'"IuIng as a go'Ag |
|||||||
| ConcefA | |||||||
| AdN5ona) information | (optional) | ||||||
| You ma choose to include further statements |
where relevant | about |
| Investment | policy | and |
|---|---|---|
| QKkectIves | incIuding any |
|
| social investment | policy | |
| adopted | ||
| Other |
| NIA | |||
|---|---|---|---|
| Type ofgoverning document |
Para "l.25 | Constitution | |
| trust deed, ro al charter) | |||
| How isthe charity | |||
| coAsbtutecP | |||
| (e.g unincorporated | |||
| association, ClO) |
|||
| Trustee sefection methods | Trustees are | elected or re-elected at annual | |
| including details ofany |
general meeting every two years and one | ||
| constitutional provisions e.g. el8coon to~orAa~ of anyp~ or body entNed to appoint one or more |
can only serve two terms of2years continuously ifre-elected in the subsequent term. |
||
| tlUsteeS |
| You fEEB ciioose EQ fEEdu |
de furt | E(eE statemen | ts wheie relevaEEt about |
|---|---|---|---|
| Policies and procedures | |||
| adonted forthe indu&ion | Bnd | ||
| tfalAlAg oftfUstees | |||
| The charig"s organisational | The General assembly elects five members afAOAg the cofnfAUAlcaAt ~sbers totheir |
||
| structuf8 and any wKlef network with which the |
Para 1.5'f | respective posts to~inister various service teams orgroups such as the Choir, |
|
| cnanty wofks | lay mNfstefs, Suilday school 'teachefs, youth |
||
| BAd wofA8A sgfoups. |
| Dates acted ifnot forwhole | Meme | ofperson (orbody) entNed | ofperson (orbody) entNed | ||||
|---|---|---|---|---|---|---|---|
| TrusCm | name | ear | toa | int trustee | ifa | ||
| EyaeU | BU)8 BUba | ||||||
| Bayel | F K8rro | DepUty Chair | |||||
| 3 | Bonsa | Korie | |||||
| 5 | |||||||
| 6 | |||||||
| 7 | |||||||
| 9 | |||||||
| 10 | |||||||
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| 12 | |||||||
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| 14 | |||||||
| 15 | |||||||
| 16 | |||||||
| 1T | |||||||
| 18 | |||||||
| 19 | |||||||
| 20 |
| N/A | ||
|---|---|---|
| Name and objects ofthe | ||
| charity on whose behalf | the | |
| assets are held and how | this | |
| f@lswithin the custodian | ||
| charity 8objects | ||
| Details ofarrangements | for | |
| safe custody and | ||
| segregation ofsuch assets from thech~'s own assets |