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2022-03-31-accounts

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onens Page
Reference and administrative details
Trustees' Report 2-8
Auditor's Report 9-12
Statement of Financial Activities 13
Balance Sheet 14
Statement of Cash Flows 15-16
Notes to the Financial Statements 17-30
Trustees Non-Trustee Elders
Mr Adetayo
Aderemi		 (Non-Elder) Mr Frederick Asante Mr Chris James
Mr Chima
Amiaka		 (Secretary) Mr Tim Coales Mr lan James
Mr Jay Bhatt (Treasurer —resigned
11/7/22)		 Dr Peter Debrah-Mensah Mr Isaac Kironde
Dr Olukunle
Onabolu		 Mr John Edwards Mr David Lilley (retired 31/12/21)
Mr Neville
Pinto		 (Chairman) Mr David
Fellowes		 Mr William McCabe
Mr Mark Rossell Mr Richard
Howes		 (resigned Mr D Kofi Sunu
30/9/22)
Mr Tony Sokan Mr Gerald
Huston

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AT 31 March 2022
2022 2021
Note
Fixed assets
Tangible assets 1,099,478 1,077,285
Current assets
Debtors 8 78,846 96,351
Cash at bank and in hand 572,589 542,426
651,435 638,777
Current
liabilities
Creditors: Amounts falling due within one
year 9a 86,051 64,253
Net current assets 565,384 574,524
Total assets less current liabilities 1,664,862 1,651,809
Creditors: Amounts falling due after one
year 9b 1,748
Net assets 1,664,862 1,650,061
Reserves
Restricted income funds 10a 102,042 109,205
Unrestricted
income funds		 10b 1,562,820 1,540,856
Total charity funds 1,664,862 1,650,061
2022 2021 Note
Cash flows from operating
activities:
Net cash provided by (usedin) operating activities 92,251 104,419 Table 1
Cash flows from investing activities:
Dividends,
interest
and rents from investments		 2,419 3,371
Proceeds from the sale of property,
plant		 and equipment
Purchase of property,
plant		 and equipment (60,896) (30,979)
Net cash provided by Pusedin) investing activities (58,477) (27,608)
Cash flows from financing activities:
Repayments
of borrowing
Loans given
Capital
Repayments		 (3,495) (3,494)
Interest
Paid		 (116) (116)
Net cash provided by (usedin) financing acti vities (3,611) (3,610)
Change in cash and cash
period		 equivalentsin the reporting 30,163 73,201
Cash and cash equivalents at the beginning of the
reporting
period		 542,426 469,225
Cash and cash equivalents
period		 at the end ofthe reporting 572,589 542,426 Table 2
STA TEMENT OF CASH FLOWS
FOR THE YEAR ENDED 31 March 2022 (continued)
Table 1:Reconciliation
of net income/(expenditure)		 to net cash flow from operating
activities
2022 2021
Net income/(expenditure)
for the reporting		 period (as
per the statement of financial
activities)		 14,801 87,815
Adjustments
for.
Depreciation
charges		 38,703 32,226
Dividends,
interest		 and rents from investments (2,419) (3,371)
Interest
Paid		 116 116
(Increase)/decrease in debtors 17,505 (14,911)
increase/(decrease) in creditors 23,545 2,544
Net cash provided by (used in) operating activities 92,251 104,419
Table 2:Analysis of cash and cash equivalents
2022 2021
Cash
in hand		 572,589 542,426
Total cash and cash equivalents 572,589 542,426

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3 Net Income/(Expenditure) Net Income/(Expenditure) Net Income/(Expenditure) for the Year for the Year 2022 2021
This is stated after charging:
Depreciation 38,703 32,226
Auditors'
Remuneration		 5,886 5,586
4 Staff Costs 2022 2021
Salaries &Wages 631,730 664,486
Social Security costs 52,582 53,212
Pension 41,398 42,777
725,710 760,475
Benefits
in kind		 28,520 27,640
754,230 788,115
2022 2021
No. No.
The average
monthly		 number of employees during the period was
made up as follows: 24 24
There were no employees with emoluments of 260,000 per annum or more.
5 Trustees'
Emoluments		 2022 2021
Emoluments 47,072 45,673
Company
Contributions		 to money purchase pension schemes 3,819 3,708
50,891 49„381
No. of Trustees
accruing		 benefits under Co Pension schemes 2022 2021

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8 Debtors 2022 2021
Trade Debtors 4,076 4,077
Prepayments
and accrued		 income 46,729 20,758
CJRS —Grant 9,771
Other Debtors 28,041 61,745
78,846 96,351
9a Creditors:
Amounts		 falling due within one year 2022 2021
Trade Creditors 31,479 21,638
Accruals & deferred income 30,286 12,573
Taxation
8t Social Security		 15,475 17,234
Other Creditors 7,064 9,314
Finance Lease Creditor 1,747 3,494
&6,051 64,253
9b Creditors:
Amounts		 falling due after one year
Finance
Lease Creditor		 1,748
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The operating lease charges for the year lease charges for the year were: 2022 2021
Hire of plant and machinery: 10,968 18,0S8
The total future minimum lease payments under non-cancellable operating leases are payable:
2022 2021
Within
one year		 14,400 14,400
between
1 and		 five years 12,000 7,200
After more than five years
Total 26,400 21,600

During the period, trustees and persons
with		 a family connection received the following amounts from the
charity as a result of their employment
by the		 charity:
2022 2021
f f
Trustee
Gross Remuneration
M Rossell
47,072		 45,673
Pension
M Rossell 3,819 3,708
Private Medical Cover
M Rossell 1,248 1,300

GRANTS PAYABLE
2022 2021
All grants were made from the Church. They may be analysed as follows:
Individuals (see note 15(a)) 90,801 69,681
Institutions (see note 15(b)) 21,974 30,593
112,775 100,274

No. of 2022 No. of 2021
Purpose Individuals Individuals
Missions Support 19 85,907 20 63,246
Relief of Financial Need 35 4,894 22 6,435
90,801 69,681

2022 2021
Institutions No. No.
African Child Trust 14 7,750 15 7,727
Central African
Mission		 5 1,667 2,125
Life Support 5 6,333 8,200
LifeSpring
International		 2 120 1 270
London City Mission 3 3,000
SLAWA 17 1,954 16 2,321
Star of Hope Foundation 11 4150 6 6,950
21,974 30,593