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|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|
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|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|||||
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|||||||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|
##
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|||||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|