##
##
##
##
|LEGAL AND ADMINISTRATIVE
INFORMATION|LEGAL AND ADMINISTRATIVE
INFORMATION|
|---|---|
|TRUSTEES:|Pastor Yisa Olufemi
Sanni (Chair)|
||Evangelist
(Mrs) Roseline A. Sanni-Ajose (Chair)|
||Ms Bolakale Grace Olatunji|
||Mr Kolawole Ajose|
||Mrs Ogunsanya
Olufunso|
|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|2023|2022|
|INCOMING RESOURCES||1.1|||||
|Incoming Resources from generated funds|||||||
|Voluntary
Income|||25,937||25,937|23,471|
|IIMRC Gill Aid tax reclaims|||6,522||6,522|6,496|
|Incoming Resources from Charitable|Activities||||||
|Other Incoming Resources|||9,975||9,975||
|Total Incoming Resources|||42,435||42,435|29,967|
|RESOURCES EXPENDED||1.2|||||
|Charitable
Activities|||38,640||38,640|26,046|
|Governance
costs|||1,386||1,386|1,161|
|Total resources expended|||40,026||40,026|27,207|
|NET MOVEMENT IN FUNDS|||2,408||2,408|2,760|
|RECONCILIATION
OFFUNDS|||||||
|Total funds brought forward|||(14,993)|5,127|(9,866)|(14,331)|
|Total funds carried
forward|||(12,585)|5,127|(7,459)|(11,571)|
##
##
##
|||Notes|2023|2022|
|---|---|---|---|---|
|FIXEDASSETS|||||
|Tangible Fixed Assets|||39,705|37,163|
|CURRENT ASSETS|||||
|Sundry Debtors|||1,045|1,045|
|Cash atBank and in Hand|||752|770|
||||1,815|1,815|
|LESSCREDITORS:|||||
|Amounts
falling due within|one year||(700)|(550|
|NET CURRENT ASSETS||13|1,115|1,265|
|CREDITORS:-|||||
|(Amounts
falling due atter more than one year)|||(48,279)|(50,000)|
|TOTAL ASSETSLESS LIABILITIES|||~7459|11572|
|REPRESENTED BY:|||2023|2022|
|Restricted Funds||12|5,127|5,127|
|Unrestricted
Funds||10|(12,585)|(16,698)|
||||(7,459)|(11,572)|
##
##
##
##
##
##
##
##
##
##
|||||
|---|---|---|---|
|2.CHARITABLE ACTIVIT|IES|2023|2022|
|Pastoral Allowances||4,835|4,350|
|Evangelism &Overseas Missions||12,498|2,018|
|Advert, Publicity &Media||1,037|1,036|
|Honoraria
and gills||1,423|1,700|
|Rent and Service Charges||4,162|2,047|
|Donations to Other Charities||260|848|
|Members'
Welfare &Supports||2,129|4,357|
|Printing,
Postage and Stationery||1,104|1,002|
|Electricity and Heating||1,331||
|Travelling &Motor Expenses||2,765|2,535|
|Insurance
Premiums||199||
|Bank Charges and Interest||1||
|Hospitality,
Retreshment
&Events||1,714|830|
|Security, Health and Cleaning|||240|
|Equipment
Repair &Renewals||1,790|2,372|
|Depreciation offixed assets||2,535|1,687|
|Telephone &fax||859|1,024|
|||30 640|26046|
|3.GOVERNANCE COSTS||2023|2022|
|Legal and Professional
fees||886|811|
|Accountancy
and Independent|examinations|500|350|
|||1,386|1,161|
|CHRIST APOSTOLIC CHURCH|CHRIST APOSTOLIC CHURCH|DEMPTION|CHRISTIAN CENTRE|CHRISTIAN CENTRE|CHRISTIAN CENTRE||
|---|---|---|---|---|---|---|
|NOTES TO THE FINANCIAL||STATEMENTS||CONTINUED|||
|FORTHE YEAR ENDED 31STMARCH 2023|||||||
|4. NET MOVEMENT IN FUNDS FOR THE YEAR||||2023||2022|
|The net movement
in funds for the year is stated after charging:|||||||
|Depreciation oftangible fixed assets- for use by the||charity||2,535||1,687|
|Accountancy
Fee||||500||350|
|5 TRUSTEES' REMUNERATION|||||||
|No Trustee has had expenses reimbursed|in the year.||||||
|There is no staff whose emoluments
exceeded f60,000 during the year|||||||
|6.TANGIBLE FIXEDASSKSTS||MISSION'0|EIIIIISMENT||TOTAL|TOTAL|
|||LANDS &DEV|&|FITTINGS|2023|2022|
|||8|||||
|Cost: As at 1st April 2022||32101||27,140|59,241|59,241|
|Additions
during
the year||||3,3900|3,390||
|As at 31stMarch 2023||32,101||30,530|62,631|59,241|
|Depreciation:
As at 1stApril 2022||5127||20,391|20,391|20,391|
|Charged for the year||||2,535|2,535|1,687|
|As at31stMarch 2023||26,974||22,926|22,926|22,078|
|Net BookValue At 31stMarch 2023||26,974||7,604|39,705|37,163|
|Net BookValue At 31stMarch 2022||26,974||6,749|38,850|38,850|
|7 DEBTORS:AMOUNT FALLING DUE|WITHIN ONE YEAR|||2023||2022|
|Sundry Debtors||||1,045
1045||1045
I045|
##
|FOR TH|FOR TH|E YEAR ENDED 31STMAR|E YEAR ENDED 31STMAR|CH 2023||
|---|---|---|---|---|---|
|8. CREDITORS: AMOUNT FALLING||DUE WITHIN ONE YEAR||2023|2022|
|Other Creditors||||200|200|
|Accruals||||500|350|
|||||700|550|
|9.CRKDITORSI Amounts|fallin|due be ond one|ear|2023|2022|
|LKBusiness Bounce Back|(BBL)Loans|||48,279|50,000|
|||||40 279|50 000|
##
|11.UNRESTRICTED FUNDS OFTHE CHARITY|11.UNRESTRICTED FUNDS OFTHE CHARITY|Unrestricted|Total|
|---|---|---|---|
|||Fund|2023|
|Balance as|at 1stApril 2022|(14,993)|(14,993)|
|Movement|in the funds for the year|2,408|2,408|
|Balance as|at 31stMarch 2023|(12,585)|(12,585)|
##
|12.RESTRICTED FUNDS|12.RESTRICTED FUNDS|Missions|Total|
|---|---|---|---|
|||Funds|2023|
|||s||
|Balance as|at 1stApril 2022|5127|5127|
|Movement|in the funds for the year|||
|Balance as|at 31stMarch 2023|5,127|5,127|
##
|13.ANALYSIS OFNET ASSETSBE|TWEEN FUNDS|||
|---|---|---|---|
||Unrestricted|Restricted|Total|
||Funds|Funds|2023|
|Tangible fixed assets|34,578|5,127|39,705|
|Net Current Assets|1,115||1,115|
||35693|5127|40 820|