||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|
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||||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|
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|||||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|
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|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|
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|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|
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|||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|
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||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|
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|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.|
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|||||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||||||||
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|10||||||||
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|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|||
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