2021-12-31-accounts - Overseas Fellowship Of Nigerian Christians

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		Page
Report ofthe Trustees	1	to	7
Report ofthe Independent Auditor	8	to	11
Statement ofFinancial Activities		12
Balance Sheet		13
Notes to the Financial Statements	14	to	21
Detailed Statement ofFinancial Activities	22	to	23

	FOR THK Y	EAR	EN	DED 31DECEM	BER 2021
						31.12.21	31.12.20
				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
		Notes
INCOME AND ENDOWMENTS FROM Donations and legacies				166,423	13,325	179,748	160,498
Charitable activities Youth &children Other conference &,fellowship Women conference Evangelism &missions				2,919	3,607 60 2,051 27,728	3,607 60 2,051 30,647	17,448 10,500 1,900 23,872
Men conference					470	470	747
Other income 18-30's Conference							7,191 1,785
Investment income				6,280	670	6,950	8,318
Total				175,622	47,911	223,533	232,259
EXPENDITURE ON Raising funds				60,270	28,176	88,446	78,446
Charitable activities Youth &children National conference Other conference & fellowship Women conference Evangelism &missions				(156) 3,459 6,790	2,934 2,051 1,773	2,778 3,459 2,051 8,563	16,790 9,181 10,614 3,581 2,911
Men conference				80	470	550	1,365
18-30's Conference							1,043
Other				10,272	13,458	23,730	18,513
Total				80,715	48,862	129,577	142,444
NET INCOME/(EXPENDITURE)				94,907	(951)	93,956	89,815
Transfers between funds			11	~951)	951
Net movement in funds				93,956		93,956	89,815
RECONCILIATION	OF FUNDS
Total funds brought	forward			382,527		382,527	292,712
TOTAL FUNDS CARRIED FORWARD				476,483		476,483	382,527

	31DEC	EMBER 2021
				31.12.21	31.12.20
		Unrestricted	Restricted	Total	Total
		fuilcls	funds	funds	fullcls
	Notes
FIXEDASSETS Tangible assets		158,918		158,918	166,897
CURRENT ASSETS Debtors Cash at bank and in hand		20,281 335,137		20,281 335,137	30,000 214,215
		355,418		355,418	244,215
CREDITORS Amounts falling due within one year	10	(37,853)		(37,853)	(28,585)
NET CURRENT ASSETS		317,565		317,565	215,630
TOTAL ASSETS LESSCURRENT LIABILITIES		476,483		476,483	382,527
NET ASSETS		476,483		476,483	382,527
FUNDS Unrestricted funds				476,483	382,527
TOTAL FUNDS				476,483	382,527

FO	R THK YEAR ENDED 31DECE	MBER 2021
INVESTMENT INCOME			31.12.21	31.12.20
Rents received Deposit account interest			6,949 1	7,726 592
			6,950	8,318
RAISING FUNDS
RAISING DONATIONS AND LEGACIES			31.12.21	31.12.20
Charitable giving k ministry Special projects Support costs			16,539 16,293 55,614	16,535 5,510 56,401
			88,446	78,446
NET INCOME/(EXPENDITURE)
Net income/(expenditure) is	stated after charging/(crediting):
			31.12.21	31.12.20
Depreciation - owned assets Deficit on disposal of fixed	assets		7,507 1,555	6,111 617
AUDITORS' REMUNERATION			31.12.21	31.12.20
Fees payable to the charity's statements	auditor for the audit of the charity's	financial	9,180	17,044

Included in the Transport and travel costs were trustees' expenses paid for the year e for the year ended 31 December 2020.	Included in the Transport and travel costs were trustees' expenses paid for the year e for the year ended 31 December 2020.	Included in the Transport and travel costs were trustees' expenses paid for the year e for the year ended 31 December 2020.	Included in the Transport and travel costs were trustees' expenses paid for the year e for the year ended 31 December 2020.	nded 31Decemb	er 2021 and
COMPARATIVES FOR THK STATEMENT OF FINANCIAL ACTIVITIES
			Unrestricted	Restricted	Total
			funds	funcls	funcls
INCOME AND ENDOWMENTS FROM
Donations and legacies			151,649	8,849	160,498
Charitable activities
Youth &,children				17,448	17,448
Other conference &,fellowship Women conference				10,500 1,900	10,500 1,900
Evangelism &,missions				23,872	23,872
Men conference
				747	747
Other income				7,191	7,191
18-30's Conference				1,785	1,785
Investment income			7,518	800	8,318
Total			159,167	73,092	232,259
EXPENDITURE ON
Raising funds			70,945	7,501	78,446
Charitable activities
Youth &children				16,790	16,790
National conference			9,181		9,181
Other conference &fellowship Women conference Evangelism &missions			1,681	10,614 1,900 2,911	10,614 3,581 2,911
Men conference
			618	747	1,365
18-30's Conference				1,043	1,043
Other			9,664	8,849	18,513
Total			92,089	50,355	142,444
NET INCOME			67,078	22,737	89,815
Transfers between	funds		22,737	~22,737)
Net movement in funds			89,815		89,815
RECONCILIATION		OF FUNDS
Total funds brought		forward	292,712		292,712

COMPARATIVKS FOR THE	STATEMENT OF FINANCIAL ACTIVITIES -continued	STATEMENT OF FINANCIAL ACTIVITIES -continued	STATEMENT OF FINANCIAL ACTIVITIES -continued	STATEMENT OF FINANCIAL ACTIVITIES -continued
			Unrestricted	Restricted	Total
			funds	funds	funds
TOTAL FUNDS CARRIED FORWARD			382,527		382,527
TANGIBLE FIXEDASSETS
			Fixtures
	Freehold	Plant and	and	Computer
	property	machinery	fittings	equipment	Totals
COST At 1 January 2021 Additions Disposals	201,661	5,326 284 ~1,190)	832	10,166 799 ~6,473)	217,985 1,083 ~7,663 )
At 31December 2021	201,661	4,420	832	4,492	211,405
DEPRECIATION At 1 January 2021 Charge for year Eliminated on disposal	43,649 4,033	2,352 442 ~1,190)	166 55	4,921 2,977 ~4,918)	51,088 7,507 ~6,1Q8)
At 31December 2021	47,682	1,604	221	2,980	52,487
NKT BOOKVALUE At 31December 2021	153,979	2,816	611	1,512	158,918
At 31December 2020	158,012	2,974	666	5,245	166,897
DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR				31.12.21	31.12.20
Other debtors				20,281	30,000

10	CREDITORS:AMOUNTSFAL	LING DUK WITHIN ONK	YEAR
.					31.12.21	31.12.20
	Trade creditors				1,086	1
	Accrued expenses				36,767	28,584
					37,853	28,585
11.	MOVEMENT IN FUNDS
				Net	Transfers
			movement		between	At
		At 1.1.21	in	funds	funds	31.12.21
	Unrestricted funds
	General fund	382,527	94,907		(951)	476,483
	Restricted funds
	Youth &children			(1,100)	1,100
	Missions Benevolence &welfare		281 ~132)		(281) 132
			~951)		951
	TOTAL FUNDS	382,527	93,956			476,483
	Net movement in funds, included	in the above are as follows:
			Incoming		Resources	Movement
			resources		expended	in funds
	Unrestricted funds
	General fund		175,622		(80,715)	94,907
	Restricted funds
	Youth &,children			3,607	(4,707)	(1,100)
	Building fund National conference			670 2,521	(670) (2,521)
	Missions			25,356	(25,075)	281
	Benevolence &,welfare Outreach &fellowship			13,326 2,431	(13,458) ~2,431)	(132)
				47,911	~48,862)	~951)
	TOTAL FUNDS		223,533		(129,577)	93,956

Comparatives for movemen	t in funds
			Net	Transfers
			movement	between	At
		At 1.1.20	in funds	funds	31.12.20
Unrestricted funds General fund		292,712	67,078	22,737	382,527
Restricted funds
Youth k children			659	(659)
National conference			(2,648)	2,648
Missions			20,960	(20,960)
Outreach k fellowship Sundries			3,390 376	(3,390) ~376)
			22,737	~22,737)
TOTAL FUNDS		292,712	89,815		382,527
Comparative net movement	in funds, included	in the above are as follows:
			Incoming	Resources	Movement
			resources	expended	in funds
Unrestricted funds General fund			159,167	(92,089)	67,078
Restricted funds Youth k children			17,449	(16,790)	659
Building fund National conference Missions			800 23,871	(800) (2,648) (2,911)	(2,648) 20,960
Benevolence A welfare Outreach &,fellowship Sundries			8,849 14,933 7,191	(8,849) (11,543) ~6,815)	3,390 376
			73,093	~50,356)	22,737
TOTAL FUNDS			232,260	(142,445)	89,815

A current year 12months and prior ye	ar 12months combined po	sition is as follow	s:
		Net	Transfers
		movement	between	At
	At 1.1.20	in funds	funds	31.12.21
Unrestricted funds General fund	292,712	161,985	21,786	476,483
Restricted funds Youth k children National conference Missions Benevolence 4 welfare Outreach 8c fellowship Sundries		(441) (2,648) 21,241 (132) 3,390 376	441 2,648 (21,241) 132 (3,390) ~376)
		21,786	21,786
TOTAL FUNDS	292,712	183,771		476,483

A current year 12months and prior year 12m as follows:	onths combined net movement in f	unds, included i	n the above ar
	Incoming	Resources	Movement
	resources	expended	in funds
Unrestricted funds General fund	334,789	(172,804)	161,985
Restricted funds Youth k children Building fund National conference Missions Benevolence k, welfare Outreach 8c, fellowship Sundries	21,056 1,470 2,520 49,227 22,175 17,364 7,191	(21,497) (1,470) (5,168) (27,986) (22,307) (13,974) ~6,815)	(441) (2,648) 21,241 (132) 3,390 376
	121,003	~99,217)	21,786
TOTAL FUNDS	455,792	(272,021)	183,771

Detailed Statement
FOR THE YEAR ENDED 31DECEMBER2021	31.12.21	31.12.20
INCOME AND ENDOWMENTS
Donations and legacies
Gifts Donations Gift aid Benevolent fund	136,455 29,967 13,326	140,649 11,000 8,849
	179,748	160,498
Investment income Rents received	6,949 1	7,726 592
Deposit account interest
	6,950	8,318
Charitable activities Youth & children programmes Other income Women conference	3,607 2,431 2,051 190	17,448 7,191 1,900
Evangelistic activities	470	747
Men conference Charitable giving &Ministry Other Conferences 18-30 's conference	28,086	23,872 10,500 1,785
	36,835	63,443
Total incoming resources	223,533	232,259
EXPENDITURE
Raising donations and legacies Charitable giving &ministry Special projects	16,539 16,293	16,535 5,510
	32,832	22,045
Other Benevolence & welfare	23,730	18,513
Support costs
Management Rates, water &insurance Light & heat Postage and stationery	2,373 9,577 11,683 719	1,427 4,907 7,369 256
Sundries Transport & travel Carried forward	605 24,957	3,111 17,070

		FOR THE YEAR ENDED 3	1DECEMBER 2021
			31.12.21	31.12.20
Management
Brought forward			24,957	17,070
Freehold property			4,033	4,033
Plant and machinery			442	484
Fixtures and fittings			55	55
Computer equipment			2,976	1,540
Loss on sale oftangible fixed assets			1,555	617
			34,018	23,799
Finance
Bank charges			352	279
Other
National conference expenses			3,459	9,181
Youth &children programmes			2,934	16,790
Outreach/F ellowship	programme		1,118	114
Women fellowship			4,326	3,581
Missions &evangelism			7,445	2,911
Men fellowship			550	1,365
Other Conference				10,500
18-30's Conference			420	1,043
			20,252	45,485
Governance costs
Auditors' remuneration			9,180	17,044
Accountancy and legal		fees	1,500
Administrative expenses			300	2,754
Repairs &,renewals			2,311	3,642
Training &,development			250
Software &computer		consumable	3,629	1,931
Rent			1,223	6,952
			18,393	32,323
Total resources expended			129,577	142,444
Net income			93,956	89,815