|
CONTENTS |
|
| Reference andAdministrativeDetails |
|
3 |
| Trustees'AnnualReport |
|
4 |
| lndependentExaminer'sReport |
|
10 |
| StatementofFinancialActivities |
|
1,1, |
| Balance Sheet |
|
12 |
| NotetotheFinancialStatements |
|
13 |
| Trustees |
General Overseer |
| DrAbiyeHector-Goma-Chairman |
PastorEAAdeboye |
| MrsOkohoHerbertUkpabio |
|
| Mrs Anthonia NkemdilimObafaiye |
|
| Mr OluwatominiyiAkintolu |
Pastorin Charge |
| Dr Mrs.Olufunke TaiwoBakare |
Pastor Samuel Obafaiye |
| Miss PatriciaObawole-Secretary |
|
| MrsGodswillTolulopeBabalola |
|
|
PrincipalAddress |
| Charity RegistrationNo |
LandofMercy |
| 1124638 |
15-17Walter Street |
|
Leeds |
| Bankers |
LS4 2BB |
| Unity TrustBank |
|
| Nrne Brindleyplace |
|
| Birmingham |
lndependent Examiner |
| 812HB |
Ayoks ConsultingLimited |
|
(lnternational Accountant) |
| BarclaysBankPlc |
7thFloor |
| 69AlbionStreet |
The Balance |
| Leeds |
2 PinfoldStreet |
| LS15LD |
Sheffield |
|
512GU |
==> picture [125 x 48] intentionally omitted <==
|
Notes |
2023 |
2022 |
| INCOMINGRESOURCES |
|
ff |
|
| Donations, legacies& similar incomingresources |
|
224,31"8 |
771,978 |
| Activitiesinfurtherance of charity's object |
|
- |
31,295 |
| Total lncomingResources |
|
224,318 |
203,273 |
| RESOURCES EXPENDED |
|
|
|
| GrantsPaid |
4 |
34,636 |
24,429 |
| CharitableExpenditure |
5 |
757,822 |
L7.4,872 |
| Managementand GovernanceCost |
6 |
52,037 |
39,061 |
| TotalResources Expended |
|
244,496 |
188,362 |
| Net lncoming/(Outgoing)Resourcesfor theyear |
|
(20,178) |
1.4,911 |
| BALANCEATBEGINNINGOF THE YEAR |
|
530,869 |
515,958 |
| BALANCEATENDINGOF THE YEAR |
|
510,691 |
530,869 |
|
Notes |
2023 |
2022 |
| FIXEDAS5ETs |
|
ff |
|
| Tangible Assets |
|
338,082 |
323,300 |
| CURRENTASSETS |
|
|
|
| Debtor andPrepayments |
|
|
|
| Cashand bank balances |
|
782,629 |
218,497 |
|
|
782,629 |
218,497 |
| SHORTTERMLIABILITIES |
|
|
|
| ereditors (amount fallingduewithinayear) |
10 |
10,020 |
La,g27 |
| NET CURRENTASSETS |
|
172,608 |
207,569 |
| LONG TERMLIABILITIES |
|
|
|
| Creditors (amount falling due after more thanone year) |
|
|
|
| NETASSETS |
|
51.0,691 |
530,869 |
| CHARITY FUNDS |
|
|
|
| AccumulatedFunds |
11 |
510,691 |
530,869 |
|
|
510,691 |
530,869 |
| 4.GrantPaid |
2023 |
2022 |
| GrantPaid(Non-lnstitutional) |
E |
f |
| AdministrativeGifts&Grants |
|
|
| GrantPaid(lnstitutional) |
t |
|
| Other Charitablegiving-UK |
4,130 |
3,199 |
| Charitable giving-overseas |
|
|
|
4,130 |
3,199 |
| ListofMajorlnstitutionalgrantpaid |
t |
f |
| RCCGWEM |
23,525 |
17,580 |
| RCCGContribution- CentralOffice support |
1,200 |
1,200 |
| RCCGContribution-Area, Provincial&RegionalOffice support |
5,191 |
L,750 |
| FestivalofLife& OtherEvangelismSupport |
600 |
709 |
|
30,506 |
21,23A |
| Total |
34,636 |
24,429 |
|
2023 |
2022 |
| 5,COST OFACTIVITIESINFURTHERANCEOFCHARITY OBJECT |
f |
f |
| Travel |
L5,443 |
10,140 |
| Rent |
14,877 |
t2,ooo |
| Refreshment |
31,389 |
17,497 |
| Meetings,Training & Development |
4,144 |
L,424 |
| Telephone,lnternet &Postage |
828 |
4,zLt |
| Honorarium |
13,500 |
9,540 |
| Salaries, Wages,PAYE&NIC |
46,489 |
36,598 |
| Repairs,Maintenance &Miscellaneous |
7,251 |
10,854 |
| lnsurance, Licence&LegalFee |
5,096 |
5,721 |
| Members' Welfare & Hospitality |
3,498 |
5,91"5 |
| Utilities |
15,308 |
10,977 |
|
157,822 |
724,872 |
|
|
|
|
2023 |
2AZ2 |
| 6. MANAGEMENT&GOVERNANCECOST |
|
|
|
c |
f |
| Administrative |
|
|
|
L6,782 |
14,9O7 |
| Accountancyfee |
|
|
|
2,350 |
2,350 |
| Depreciation |
|
|
|
32,905 |
21,805 |
|
|
|
|
s2,037 |
39,061 |
|
Land& |
Musical |
Furniture & |
Motor |
|
| 7. TANGIBLEFIXED ASSET |
Building |
lnstruments |
Fittings |
Vehicle |
Total |
| Cost |
f |
f |
f |
f |
f |
| AtIJanuary2023 |
372,276 |
92,564 |
75,677 |
42,325 |
582,782 |
| Additions during the year |
|
t7,267 |
30,421 |
|
47,699 |
| At31December 2023 |
372,276 |
109,831 |
106,038 |
42,325 |
630,470 |
| Depreciation |
|
|
|
|
|
| At1January 2023 |
85,810 |
76,658 |
70,764 |
26,8s0259,482 |
|
| Chargedfor the year |
7,454 |
10,456 |
9,87L |
5,125 |
32,905 |
| At31 December 2023 |
93,264 |
87,774 |
80,03537,975 |
|
292,387 |
| NetBookValue |
|
|
|
|
|
| At31 December 2O23 |
279,O12 |
22,718 |
26,003 |
10,350 |
338,082 |
| At31 December 2O72 |
286,466 |
15,906 |
5,453 |
15,475 |
323,300 |
|
|
|
|
2023 |
2422 |
| 8.CASH&BANKBALANCES |
|
|
|
f⏠|
|
| Cashathand |
|
|
|
|
|
| BankBalance |
|
|
|
782,629 |
278,497 |
|
|
|
|
182,629 |
2t8,497 |
|
|
|
|
2023 |
2022 |
| 9,DEBTORS&PREPAYMENTS |
|
|
|
f |
f |
|
2023 |
2022 |
| 10.CREDITORSTAMOUNTFALLING DUEWITHINONEYEAR |
f |
f |
| Owings |
10,020 |
L0,927 |
|
|
1A,927 |
|
2023 |
2022 |
| 11.RESERVE(CHARTTY FUNDS) |
f |
c |
| lncome&ExpenditureAccountb/f |
530,869 |
s15,958 |
| lncome & Expenditure Account (currentyear) |
ea,]78) |
L4,9L7 |
|
s10,691 |
|