| Reference and administrative details ofthe charity |
Reference and administrative details ofthe charity |
|---|---|
| Trustees' report |
|
| Independent examiner's report |
|
| Statement offinancial | activities |
| Balance sheet | |
| Notes to the financial | statements |
| Trustees | Trustees | Pastor David | Soia Oludoyi | Soia Oludoyi | Soia Oludoyi | ||
|---|---|---|---|---|---|---|---|
| Mr. Sunday Adewole |
Afolabi | ||||||
| Mr. Michael Davies | |||||||
| Deacon David | Awojobi | ||||||
| Charity | registration | ||||||
| Number | |||||||
| Principal | Office | 43 West Street | |||||
| Banbury | |||||||
| Oxford | |||||||
| OX16 3AH | |||||||
| Pastor | in charge | Pastor Abraham | Adegoke | ||||
| Accountant | Resource Management | Consultants | Ltd | ||||
| Chartered Certified Accountants |
|||||||
| 46 Hollywood | Way | ||||||
| Erith | |||||||
| DA8 2QE | |||||||
| Bankers | HSBC Bank Pic | ||||||
| 65 Cornmarket | |||||||
| Oxford | |||||||
| Oxfol dsh I Ie |
|||||||
| OXl 3HY |
| Unrestricted | Restricted | Total | Total | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | ||||||
| 2020 | 2020 | 2020 | 2019 | ||||||
| INCOMING RESOURCES |
|||||||||
| Donations, legacies 5similar |
incoming | resources | 2 | 87,274 | 92,994 | 94,543 | |||
| Activities in furtherance ofcharity's Investment |
object | 3 | 4,008 130 |
||||||
| Other income Totai incoming resources |
5 | 87,627 | 14,260 | 101,886 | 1,808 100,489 |
||||
| RESOURCES EXPENDED | |||||||||
| Charitable expenditure |
|||||||||
| Grants payable - individual | 6 | 3,649 | 3,649 | 872 | |||||
| Grants payable - institutional Costs ofactivities in furtherance |
of | 7 | 11,543 | 11,543 | 9,008 | ||||
| charities objects | 8 | 56,547 | 5,720 | 62,267 | 81,035 | ||||
| Management and governance |
costs | 9 | 2,250 | 2,250 | 2,820 | ||||
| Total resources expended |
73,989 | 5,720 | 79,709 | 93,735 | |||||
| Net (outgoing)/incoming | resources | for year | 13,637 | 8,540 | 22,177 | 6,754 | |||
| Total funds at the start ofthe | year | 17,257 | 5,172 | 22,429 | 15,675 | ||||
| BALANCE AT END OF YEAR | 30,894 | 13,712 | 44,606 | 22,429 |
| 2626 | ||||
|---|---|---|---|---|
| E | ||||
| FIXED ASSETS | ||||
| Tangible | Fixed assets | 12,295 | ||
| CURRENT ASSETS | ||||
| Cash and bank balances | 11 | 36,858 | 11,484 | |
| Debtors | 12 | |||
| 36,858 | 11,484 | |||
| LIABILITIES | ||||
| Creditors | ||||
| Amount | due in less than 12 months | 1,250 | ||
| Amount | due after one year | |||
| 1,250 | 1,350 | |||
| NET ASSETS | 44,606 | 22,429 | ||
| CHARITY | FUNDS | |||
| General | —unrestricted | 1d | 30,894 | 17,257 |
| General | —restricted | le | 13,712 | 5,172 |
| TOTAL FUNDS | 44,606 | 22,429 |
| Unrestricted | Restricted | Total | Total | ||||
|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | ||||
| 6.Grants payabie —individual |
2020 | 2020 E |
2020 E |
2019 E |
|||
| Individual welfare |
3,649 | 3,649 | 873 | ||||
| 7.Grants payable - institutional | |||||||
| Charitable giving -UK Charitable giving -overseas |
11,543 | 8,654 353 |
|||||
| Total | 11,543 | 9,008 | |||||
| List of institutiona! grants payable |
E | ||||||
| RCCG WEM | Worid | Evangelism | 7,139 | 7,139 | 6,091 | ||
| RCCG Centrai Office | Central ONce Support | 1,150 | 1,150 | 1,200 | |||
| Others | Support to Charities | 2,354 | 2,354 | 463 | |||
| Festival of iife | Missions | 900 | 900 | 900 | |||
| Total grant payable —institutional |
11,543 | 11,543 | 8,654 | ||||
| 8. COST OFACTIVITIES IN | FURTHERANCE | OF CHARITY'S OBjECTS | |||||
| Visiting speakers expenses Seminar and conferences |
3,300 836 |
3,300 836 |
3,048 1,445 |
||||
| Travei and subsistence Hali hire, rent 5 rates |
330 11,969 |
330 11,969 |
3,913 26,495 |
||||
| Music, liturgy 5.church |
group | 576 | 576 | 1,778 | |||
| Worship cost Ht church | occasion | 516 | 516 | 192 | |||
| Pas'tol s salary | 15,215 | 15,215 | 11,689 | ||||
| Other staff costs | 1,460 | 1,460 | 1,627 | ||||
| Telephone S.internet |
1,074 | 1,074 | 2,099 | ||||
| Printing, postage, stationery |
and publicity | 2,745 | 2,745 | 2,195 | |||
| Motor expenses | 3,136 | 3„136 | 5,968 | ||||
| Training, mission 8t evangelism |
241 | 5,370 | 5,611 | 6,623 | |||
| Depreciation | 6,056 | 6,056 | 5,376 | ||||
| Insurance | 607 | 607 | 267 | ||||
| Repair 5.maintenance | 887 | 887 | 3,109 | ||||
| Utilities 8t water bili |
3,107 | 3,107 | 1,838 | ||||
| Welfare S.hospitality | 784 | 350 | 1,134 | 1,777 | |||
| IT Consumables, subscription |
Ksundry | 1,316 | 1,316 | 688 | |||
| Bank charges | 70 | 70 | 35 | ||||
| Admin and office expenses |
2,325 | 2,325 | 874 | ||||
| 56,547 | 5,720 | 62,267 | 81,035 |
| Unrestricted | Restricted | Totai | Totai | ||||
|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | ||||
| 9. MANAGEMENT | AND GOVERNANCE | COSTS | 2020 | 2020 | 2020 | 2019 | |
| Admin Ht Office |
expenses | 570 | |||||
| Professional Examiner's |
fees fees - accountancy |
1,000 1,250 |
1,000 1,250 |
900 1,350 |
|||
| 2,250 |
| Furniture | Motor | Musical | Computers | Total | Total | |
|---|---|---|---|---|---|---|
| S.Fittings | Vehicles | equipments | %projectors | 31-Dec | 31-Dec | |
| 2020 | 2019 | |||||
| Cost | E | E. | ||||
| At 1 january 2020 Additions At 31December 2020 |
8,895 300 |
8,050 | 2,718 2,718 |
2,234 2,460 4,694 |
21,897 2„760 24,657 |
17,303 4,595 21,898 |
| DCPI eclchUQA | ||||||
| At 1january 2020 Depreciation for year At 31 December 2020 |
3,669 2,199 5,868 |
3,701 2,013 5„714 |
1,245 680 1,925 |
988 1,164 2,152 |
9,603 6,056 15,659 |
4,227 5,376 9,603 |
| Net book value | ||||||
| At 31December 2020 | 3,327 | 2,336 | 2,542 | 8,998 | 12,295 | |
| At 31December 2019 | 5,227 | 4,349 | 1,473 | 1,246 | 12,295 | |
| 11. CASH BALANCES | Year ended | Year ended | ||||
| 31-Dec | 31-Dec | |||||
| 2020 | 2019 | |||||
| Cash in hand |
||||||
| Bank balance | 11,484 | |||||
| 36,858 | 11,484 | |||||
| 12. DEBTORS | Year ended | Year ended | ||||
| 31-Dec | 31-Dec | |||||
| 2020 | 2019 |