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|CONTENTS|||PAGE|
|---|---|---|---|
|Reference and administrative||details ofthe charity||
|Trustee's
report||||
|Independent
Examiner's||||
|Statement
of Financial|Activities|||
|Balance sheet|||10.|
|Notes to the financial|statements||11 —16|
|Trustees|||Mr 0 B Olorunsola-Elias|Mr 0 B Olorunsola-Elias|Mr 0 B Olorunsola-Elias|Mr 0 B Olorunsola-Elias|||
|---|---|---|---|---|---|---|---|---|
||||Mrs 0 A Fapetu||||||
||||Mr 0 Senbore||||||
||||Pastor F Olaleye||||||
|Registered|Charity||||||||
|Number|||1120699||||||
|Correspondence||Address|81 St Vincents||Road||||
||||Dartford||||||
||||Kent||||||
||||DA1 1XA||||||
|Pastor in Charge|||Pastor Freda|Olaleye|||||
|Accountant|||Akintayo
Ojo||FCCA||||
||||Resource Management||||Consultants|Limited|
||||Chartered
Certified|||Accountant|||
||||46 Hollywood||Way||||
||||Erith||||||
||||DA8 2QE||||||
|Bankers|||HSBC Plc||||||
||||23 Denmark|Hill|||||
||||Camberwell|Green|||||
||||SE5 8RP||||||
||||Lloyds Bank||||||
||||121 High Street||||||
||||Tonbridge||||||
||||Kent||||||
||||TN9 1DB||||||
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|||||||Unrestricted|Restricted|Total|Tata
I|
|---|---|---|---|---|---|---|---|---|---|
|||||||Funds|Funds|Funds|Funds|
|||||||2022|2022|2022|2021|
||||||Notes|||E||
|INCOMING
RESOURCES||||||||||
|Donations,
legacies 5 similar|incoming|||ri|2|57,756|1,850|59,606|68,475|
|Activities
in furtherance
of charity's|||obje||3|55||55|85|
|Investment
income|||||6|18||18|2,405|
|Total incoming
resources||||||57,829|1,850|59,679|70,965|
|RESOURCES EXPENDED||||||||||
|Charitable
expenditure||||||||||
|Grants payable
—individual|||||||||400|
|Grants payable
—institutional||||||20,771||20,771|16,388|
|Costs ofactivities
in furtherance|||of|||||||
|charities objects|||||9|35,522|1,850|37,372|26,930|
|Management
and governance||costs|||10|1,550||1,550|3,572|
|Total resources expended||||||57,843|1,850|59,693|47,290|
|Net (outgoing)/incoming
resources||||for year||14||14|23,675|
|Total funds at the start of|the|year||||50,660|254,782|305,442|281,767|
|Tranfer between
funds
in|the|year||||10,263|10,263||281,767|
|BALANCE AT END OF YEAR||||||40,383|265,045|305,428|305,442|
|||Notes|2022||
|---|---|---|---|---|
||||E||
|FIXED ASSETS
Building
Tangible
Fixed assets||11
11a
11b|353,924
5,019
358,943|353,924
9„231
363,155|
|CURRENT ASSETS|||||
|Debtors||12|||
|Cash and bank balances||13|36,914
36,914|42,979
42,979|
|Total assets|||395,857|406,134|
|LIABILITIES|||||
|CREDITORS
{amount falling due within|one year)|||1,550|
|Accrued expenses
Long term Liability - bank|loan|15|88,879|99,142|
|Totalliability|||90,429|100,692|
|NET ASSETS|||305,428|305,442|
|CHARITY FUNDS|||||
|General
- unrestricted
General
- restricted
TOTAL FUNDS|||40,383
265,045
305,428|50,660
254,782
305,442|
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|||||||||Unrestricted|Restricted|Total||Total|
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||Funds|Funds|Funds|Funds||
|||||||||2022|2022|2022||2021|
|7. Grants
payable|—individual||||||||E|E|E||
|Individual
welfare||||||||||||4QO|
|||||||||unrestricted|Restricted|Total||Total|
|||||||||Funds|Funds|Funds|Funds||
|||||||||2022|2022|||202k|
|8.Grants
payable|—institutional|||||||E|E|E|||
|Charitable
giving||-UK||||||2Q,771||20,771|16,388||
|Charitable
giving||-overseas|||||||||||
|Total||||||||2Q,771||20,771|16,388||
|List of institutional|||grants||payable|||E||E|E||
|RCCG WEM|||||World|evangelism||19,876||19,876|15,748||
|RCCG Central
Office|||||Central
Office||Support|700||700||500|
|Festival of Life|||||Advancement||offaith|195||195|||
|Others|||||Advancement||offaith|||||140|
|Total grant payable|||—|institutional||||2Q,771||20,771|16,388||
|9. COST OF ACTIVITIES|||IN|FURTHERANCE||OF CHARITY'S OBjECTS|||||||
|Visiting speakers||expenses||||||160||160|||
|Council rates||||||||1,641||1,641|1,303||
|Youth mission||||||||214||214|||
|Printing 5 media||||||||1,562||1,562|||
|Worship costs||||||||218||218||127|
|Music, liturgy
&.church||||group||||299||299||245|
|Mission
&.evangelism||||||||6,855|1,85Q|8,705|||
|Community
projects|||R|welfare||||1,070||1,070|||
|Licences Ksubscriptions||||||||144||144||238|
|Telephone
&.internet||||||||793||793||118|
|Repairs,
renewal||K maintenance||||||1,301||1,301|3,495||
|Pastors allowance||||||||5,300||5,300|8,000||
|Cleaning||||||||100||100|||
|Utiliti es||||||||5,653||5,653|1,472||
|Insurance||||||||2,311||2,311|1,459||
|Mortgage Interest||||||||3,561||3,561|2,766||
|Depreciation||||||||4,211||4,211|5,812||
|Admin 5sundry|expenses|||||||129||129||794|
|Health
&.safety||||||||||||200|
|Covid welfare support||||||||||||900|
|||||||||35,522|1,850|37,372|26,930||
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|||||||Unrestricted|Restricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||Funds|Funds||Funds|Funds|
|||||||2022|2022||2022|2021|
|10. MANAGEMENT||AND GOVERNANCE||COSTS|||||||
|Professional
fees||—other|||||||||
|Legal fees||||||||||1,822|
|Professional
fees||—accountancy|5.examination|||1,550|||1,55Q|1,75Q|
|||||||1,550|||1,550|3,572|
|11. FIXED ASSETS|||||||||||
|11a. BUILDING|||||||||Total|Total|
||||||||||31-Dec|31-Dec|
||||||||||2022|2021|
||||||||||E||
|Cost at 1 3anuary 2022|||||||||353,924|353,924|
|Additions
in the|year||||||||||
|Cost at 31 December 2022|||||||||353,924|353,924|
|11b. TANGIBLE|ASSETS||||||||||
|||||Motor|Musical|Computers|Furniture|S.|Total|Total|
||||Vehicles||equipment|S.projectors|fittings||31-Dec|31-Dec|
||||||||||2022|2021|
|Cost|||||||||||
|At 1 3anuary 2022|||8,441||11,167|2,717|1.323||23,648|13,233|
|Additions||||||||||10,415|
|At 31 December|2022||8,441||11,167|2,717|1,323||23,648|23,648|
|Depreciation|||||||||||
|At 1 3anuary
2Q22|||7,385||3,356|2,583|1,094||14,418|8,606|
|Charge for the year|||1,056||2,792|134|229||4,211|5,812|
|Disposal
in the Year|||||||||||
|At 31 December|2Q22||8,441||6,148|2,717|1,323||18,629|14,418|
|Disposal
in the|Year||||||||||
|At 31 December|2022||||||||||
|Net book value|||||||||||
|At 31 December|2022||||5,019||||5,Q19|9,231|
|At 31 December|2021||1,056||7,811|134|230||9,231||
|12. DEBTORS|||||||||Year ended|Year ended|
||||||||||31-Dec|31-Dec|
||||||||||2022|2021|
||||||||||E||
##
|13. CASH BALANCES|13. CASH BALANCES|13. CASH BALANCES||||unrestricted|unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||Funds|Funds|Funds|Funds|
||||||||2022|2022|2022|2021|
|Bank balance||||||||||f|
|Building|fund account|||||6,389|||6,389|3,514|
|Current|account|||||22,512|||22,512|31,965|
|Savings|account|||||8,013|||8,013|7,501|
|At 31 December 2022||||||36,914|||36,914|42,979|
||||||||||Year ended|Year ended|
|14. CREDITORS|||||||||31-Dec|31-Dec|
||||||||||2022|2021|
|Accrual and deferred||income: Independent||||Examiner's|fees||1,550|1,550|
|Short term|||||||||||
||||||||||1,550|1,550|
||||||||||Year ended|Year ended|
|15. LONG TERM LIABILITY|||||||||31-Dec|31-Dec|
||||||||||2022|2021|
||||||||||E|E|
|Mortgage|(Lloyds Bank)||||||||88,879|99,142|
||||||||||88,879|99,142|
|Amount|represents|outstanding|balance||on Mortgage||on church|flats.|||
|16. STAFF COST AND NUMBERS|||||||||Year ended|Year ended|
|Staff costs were as follows|||||||||31-Dec|31-Dec|
|||||||||||2021|
|||||||||||E|
|Pastor's|allowance||||||||5,300|8,000|
|Social security costs|||||||||||
||||||||||5,300|8,000|
||||||||||Year ended|Year ended|
|The average
number||of employee||during||the year was|as follows||31-Dec|31-Dec|
||||||||||2022|2021|
||||||||||No.|No.|
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|ANALYSI|S OF NET|ASSE|TS BETWE|EN FUNDS: CLiRRENT PER|IOD|||
|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Total|
||||||Funds|Funds|Funds|
||||||2022|2022|2022|
||||||f||f|
|Tangible|fixed assets||||5,019|353,924|358,943|
|Current|assets||||36,914||36,914|
|Creditors|amount|falling|due within|one year|1,550||1,550|
|Creditors|amount|falling|due after|more than one year||88,879|88,879|
||||||40,383|265,045|305,428|
|ANALYSIS OF NET||ASSETS BETWEEN FUNDS: PRIOR YEAR||||||
||||||Unrestricted|Restricted|Total|
||||||Funds|Funds|Funds|
||||||2021|2021|2021|
|Tangible|fixed assets||||9,231|353,924|363,155|
|Current|assets||||42,979||42,979|
|Creditors|amount|falling|due within|one year|1,550||1,550|
|Creditors|amount|falling|due after|more than one year||99,142|99,142|
||||||50,660|254,782|305,442|
##
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|20.
NET INC|OMING
RESOURCES/(RES|OURCES
EXPENDED)|||
|---|---|---|---|---|
||||Year ended|Year ended|
|This is stated|after charging||31-Dec|31-Dec|
||||2022|2021|
|||||E|
|Depreciation|of tangible assets owned|by the charity|4,211|3,208|
|Accountant's|fees||1,550|1,550|
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