| SECRETARY: | Ms Bolakale Grace Olatunji |
|---|---|
| CHARITY NUMBER: | 1129511 |
| BANKERS: | LLOYDS TSBBANK PLC |
| SILVERSTREET,ENFIELD | |
| MIDDLESEX | |
| ACCOUNTANTS: | DANIEL FAMOK &ASSOCIATES |
| ACCOUNTANTS &FINANCIAL CONSULTANTS |
|
| UNIT 209, SECOND FLOOR | |
| TUDORLEAF BUSINESS CENTRE, | |
| 2-8 FOUNTAYNE ROAD, LONDON | |
| N15 4QL | |
| CONTENT: | 1.TRUSTEES' REPORT |
| 2 STATEMENT OF FINANCIAL ACTIVITIES | |
| 3.BALANCE SHEET | |
| 4.NOTES TO THE ACCOUNTS |
| Notes | Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|---|
| Funds | Funds | 2022 | 2021 | |||
| INCOMING RESOURCES | ||||||
| Incoming Resources from generated funds | ||||||
| Voluntary Income |
23,471 | 23,471 | 34,573 | |||
| HMRC Gift Aid tax reclaims | 6,496 | 6,496 | 14,138 | |||
| Incoming ResourcesPom Charitable |
Activities | |||||
| Other Incoming Resources | ||||||
| Total Incoming Resources | 29,967 | 29,967 | 48,711 | |||
| RESOURCES EXPENDED | 1.2 | |||||
| Charitable Activities |
26,047 | 26,047 | 65,715 | |||
| Governance costs |
1,161 | 1,161 | 2,026 | |||
| Total resources expended | 27,209 | 27,209 | 67,741 | |||
| NET MOVEMENT IN FUNDS | 2,759 | 2,759 | (19,029) | |||
| RECONCILIATION OF FUNDS |
||||||
| Total funds brought forward | (19,45S) | 5,127 | (14,331) | 4,698 | ||
| Total funds carried forward |
(16,699) | 5,127 | (11,572) | (14,331) |
| Notes | 2022 | 2021 | |
|---|---|---|---|
| FIXEDASSETS | |||
| Tangible Fixed Assets | 37,163 | 38,850 | |
| CURRENT ASSETS | |||
| Sundry Debtors Cash at Bank and in Hand |
1,045 770 |
1,045 1,616 |
|
| 1,815 | 2,661 | ||
| LESS CREDITORS: Amounts falling due within one year |
550 | (400 | |
| NET CURRENT ASSETS | 13 | 1,265 | 2,261 |
| CREDITORS:- (Amounts falling due aAer more than one year) |
(50,000) | (50,000) | |
| TOTAL ASSETS LESS LIABILITIES | 11,572) | (8,888 | |
| REPRESENTED BY: | |||
| Restricted Funds Unrestricted Funds |
5,127 (16,699) (11,572) |
5,127 (14,015) (8,888) |
| 2.CIIARITABLE ACTIVITIES | 2.CIIARITABLE ACTIVITIES | 2022 | 2021 |
|---|---|---|---|
| Pastoral Allowances | 4,350 | 18,882 | |
| Evangelism &Overseas Missions |
2,018 | 21,564 | |
| Advert, Publicity &Media | 1,036 | 221 | |
| Honoraria and gifts |
1,700 | 2,442 | |
| Rent and Service Charges | 2,047 | 7,726 | |
| Donations to Other Charities | 848 | 830 | |
| Members' Welfare &Supports |
4,357 | 6,644 | |
| Printing, Postage and Stationery | 1,002 | 673 | |
| Travelling &Motor Expenses | 2,535 | 341 | |
| Insurance Premiums |
91 | ||
| Bank Charges and Interest | 30 | ||
| Hospitality, Refieshment &Events |
830 | 335 | |
| Security, Health and Cleaning | 240 | 353 | |
| Equipment Repair &Renewals |
2,372 | 2,212 | |
| Depreciation offixed assets | 1,687 | 2,250 | |
| Telephone &fax | 1,024 | 1,121 | |
| 26,047 | 65,715 | ||
| 3.GOVERNANCE COSTS |
2021 | 2020 | |
| Legal and Professional fees |
811 | 1,676 | |
| Accountancy and Independent |
examinations | 350 | 350 |
| 1,161 | 2,026 |
| FOR THK YEAR ENDED 31STMAR | CH 2022 | |
|---|---|---|
| 4. NET MOVEMENT IN FUNDS FOR THK YEAR | 2022 | 2021 |
| The net movement in funds for the year is stated after charging: |
||
| Depreciation oftangible fixed assets- for use by the charity | 1,687 | 2,250 |
| Accountancy Fee |
350 | 350 |
| 5.TRUSTEES' REMUNERATION |
| 6.TANGIBLE FIXEDASSETS | MISSION'S | ~EUIPMENT | TOTAL | TOTAL |
|---|---|---|---|---|
| LANDS &DEV | &FITTINGS | 2022 | 2021 | |
| Cost .As at 1stApril 2021 | 32101 | 27,140 | 59,241 | 28,290 |
| Additions during the year |
30,951 | |||
| As at 31stMarch 2022 | 32,101 | 27,140 | 59,241 | 59,241 |
| Depreciation: As at 1stApril 2021 |
5127 | 20,391 | 20,391 | 18,141 |
| Charged for the year | 1,687 | 1,687 | 2,250 | |
| As at 31stMarch 2022 | 26,974 | 22,078 | 22,078 | 20,391 |
| Net BookValue At 31stMarch 2022 | 26,974 | 5,062 | 37,163 | 38,850 |
| Net BookValue At 31stMarch 2021 | 32,101 | 6,749 | 38,S50 | 10,149 |
| 7. DEBTORS:AMOUNT FALLING DUE WITHIN ONE YEAR | 2022 | 2021 | ||
| Sundry Debtors | 1,045 | 1045 | ||
| 1,045 | 1,045 |
| 8. CREDITORS: AMOUNT FALLING | 8. CREDITORS: AMOUNT FALLING | DUE WITHIN ONE YEAR | DUE WITHIN ONE YEAR | 2021 | 2020 |
|---|---|---|---|---|---|
| Other Creditors | 200 | 200 | |||
| Accruals | 350 | 200 | |||
| 550 | 400 | ||||
| 9.CREDITORS: Amounts | fallin | due be ond one | ear | 2021 | 2020 |
| UK Business Bounce Back | (BBL)Loans | 50,000 | 50,000 | ||
| 50,000 | 50,000 |
| 11.UNRESTRICTED FUNDS OFTHE CHARITY | 11.UNRESTRICTED FUNDS OFTHE CHARITY | Unrestricted | Total |
|---|---|---|---|
| Fund | 2022 | ||
| Balance as | at 1stApril 2021 | (19,458) | 5,014 |
| Movement | in the funds for the year | 2,759 | (19,029) |
| Balance as | at 31stMarch 2022 | (16,699) | (14,015) |
| 12.RESTRICTED FUNDS | 12.RESTRICTED FUNDS | Missions | Total |
|---|---|---|---|
| Funds | 2022 | ||
| Balance as | at 1stApril 2021 | 5127 | 5127 |
| Movement | in the funds for the year | ||
| Balance as | at 31stMarch 2022 | 5,127 | 5,127 |
| 13.ANALYSIS OF NKT ASSETSBE | TWEEN FUNDS | ||
|---|---|---|---|
| Unrestricted | Restricted | Total | |
| Funds | Funds | 2022 | |
| Tangible fixed assets | 32,036 | 5,127 | 37,163 |
| Net Current Assets | 1,265 | 1,265 | |
| 33,301 | 5,127 | 38,428 |