|4~4~||| |---|---|---| |N~~ N4~ &eN les +e'.m||| |~lw~
i'd% l~@:~Ace~&||| |~eVee4||| |%a~||| |~tv~ %a~a|LL IW|LN| |~eS~~el f~m;u& 4etiaem|t%teN|| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |forthe year|e|nde|d 31March|2022|||| |---|---|---|---|---|---|---|---| ||||||Unrestricted||| ||||||funds|Total funds|Total funds| ||||||2022|2022|2021| |||||Notes|E||E| |Income and|endowments||||||| |from:|||||||| |Donations|and||legacies||150,166|150,166|88,623| |Other|||||40,663|40,663|126,664| |Total|||||190,829|190,829|215,287| |Expenditure||on:|||||| |Charitable|activities||||125,516|125,516|115,432| |Other|||||26,403|26,403|25,196| |Total|||||151,919|151,919|140,628| |Net gains on||investments|||||| |Net income|||||38,910|38,910|74,659| |Transfers between funds|||||||| |Net income||before other|||38,910|38,910|74,659| |gains/(losses)|||||||| |Other gains||and|losses||||| |Net movement|||in funds||38,910|38,910|74,659| |Reconciliation offunds:|||||||| |Total funds|brought forward||||130,840|130,840|56,181| |Total funds||carried forward|||169,750|169,750|130,840| ## |ummary
Inc
for the year|ome and Expenditure
Account
ended 31March 2022||| |---|---|---|---| |||2022|2021| |||E|E| |Income||190,829|215,287| |Gross income forthe year||190,829|215,287| |Expenditure||132,845|124,880| |Depreciation
impairment|and charges for
offixed assets|19,074|15,748| |Total expenditure
for the year||151,919|140,628| |Net income|before tax forthe year|38,910|74,659| |Net income|for the year|98,919|74,999| ## |at 31March 202|2|2|2|||| |---|---|---|---|---|---|---| |Company
No.|09409995|||Notes|2022|2021| ||||||6|6| |Fixed assets||||||| |Tangible assets|||||43,709|47,687| ||||||43,709|47,687| |Current assets||||||| |Debtors||||12|2,506|| |Cash at bank|and||in hand||123,794|86,540| ||||||126,300|86,540| |Creditors: Amount||falling due within one year||13|(259)|(3,387)| |Net current assets|||||126,041|83,153| |Total assets less|current liabilities||||169,750|130,840| |Net assets excluding|||pension asset or liability||169,750|130,840| |Total net assets|||||169,750|130,840| |The funds ofthe|charity|||||| |Restricted funds||||14||| |Unrestricted
funds||||14||| |Generalfunds|||||169,750|130,840| ||||||169,750|130,840| |Reserves||||14||| |Total funds|||||169,750|130,840| ## ||||2022|2021| |---|---|---|---|---| |||||E| |Cash flows from operating|activities|||| |Net income per Statement|of Financial Activities||38,910|74,659| |Adjustments
for:||||| |Depreciation
ofproperty,
plant and equipment|||19,074|15,748| |Dividends,
interest and|rents from investments||(40,663)|(126,664)| |Increase
in trade and other receivables|||(2,506)|| |Decrease in trade and other payables|||(3,128)|(7,598)| |Net cash provided
by/(used|in) operating activities||11,687|(43,855)| |Cash flows from investing|activities|||| |Payments for property,|plant and equipment||(15,096)|(14,548)| |Dividends,
interest and|rents from investments||40,663|126,664| |Net cash from investing
activities|||25,567|112,116| |Net cash from financing activities||||| |Net increase
in cash and cash equivalents|||37,254|68,261| |Cash and cash equivalents|at the beginning|ofthe year|86,540|18,279| |Cash and cash equivalents|at the end ofthe year||123,794|86,540| |Components
ofcash and cash equivalents||||| |Cash and bank balances|||123,794|86,540| ||||123,794|86,540| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |3
Statemen|t|ofF|inancial|Activities -prior year|||| |---|---|---|---|---|---|---|---| ||||||Unrestricted|Restricted|| ||||||funds|funds|Total funds| ||||||2021|2021|2021| |Income and endowments||||from:|||| |Donations||and|legacies||70,310|18,313|88,623| |Other|||||58,506|68,158|126,664| |Total|||||128,816|86,471|215,287| |Expenditure|on:||||||| |Charitable||activities|||49,181|66,251|115,432| |Other|||||25,156|40|25,196| |Total|||||74,337|66,291|140,628| |Net income|||||54,479|20,180|74,659| |Net income before|||other||||| |gains/(losses)|||||54,479|20,180|74,659| |Other gains and losses:|||||||| |Net movement||in funds|||54,479|20,180|74,659| |Reconciliation||offunds:|||||| |Total funds brought|||forward||56,181||56,181| |Total funds carried|||forward||110,660|20,180|130,840| |4
Income from donations||||and legacies|||| ||||||Unrestncted|Total|Total| |||||||2022|2021| ||||||E|E|E| |Voluntary||Donations|||77,126|77,126|70,310| |Foodbank||Donations|||73,040|73,040|18,313| ||||||150,166|150,166|88,623| ## |||||Unrestricted|Unrestricted|Total|Total| |---|---|---|---|---|---|---|---| |||||||2022|2021| ||Foodbank &|LYN Grant|||||68,158| ||Other Grants|||40,663||40,663|58,506| |||||40,663||40,663|126,664| |6|Expenditure|on charitable|activities||||| |||||Unrestricted||Total|Total| |||||||2022|2021| ||Expenditure|on charitable|||||| ||activities||||||| ||Advancement|of Christian|||||| ||Faith|||62,499||62,499|49,287| ||Relief of Poverty|||51,244||51,244|49,741| ||Grants made||||5,541|5,541|10,910| ||Governance|costs|||||| ||Governance||||6,232|6,232|5,494| |||||125,516||125,516|115,432| |7|Analysis ofgrants||||||| |||||Grants|to||| ||Activity or programme|||Institutions||Total|Total| |||||||2022|2021| ||Advancement|ofChristian|||||| ||Faith||||5,541|5,541|10,910| ||||||5,541|5,541|10,910| |||||Activities|||| |||||undertaken|||| ||Activity or programme|||directly||Total|Total| |||||||2022|2021| ||Advancement|ofChristian|||5,541|5,541|10,910| ||Faith||||||| ||||||5,541|5,541|10,910| |8
|Other expenditure||||||||| |---|---|---|---|---|---|---|---|---|---| ||||||||Unrestricted|Total|Tota I| |||||||||2022|2021| ||Other Ministry
Expenses||||||3,199|3,199|2,953| ||Amortisation,
depreciation,||||||||| ||impairment,
profit/loss||on||||19,074|19,074|15,748| ||disposal offixed assets||||||||| ||General administrative||costs||||1,895|1,895|2,591| ||Legal and professional|costs|||||2,235|2,235|3,904| ||||||||26,403|26,403|25,196| |9|Net income before transfers||||||||| ||||||||2022||2021| ||This isstated after charging:
Depreciation
ofowned fixed assets
Independent
Examiner's
fee||||||E
19,074
750||E
15,748
750| |10|Staff costs||||||||| ||No employee
received||emoluments|in excess ofE60,000.|||||| ||The average
monthly|number offull time equivalent||||employees|during the year
2022|was as follows:|2021| ||||||||Number||Number| ||NEST||||||||| |11 Tangible fixed assets||||||||Furniture|| |||||Land and||Church|Motor|and Office|Total| |||||buildings|Equipment||Vehicle|Equipment|| |||||||||E|| ||Cost or revaluation
At 1April 2021
Additions|||62,339||18,782
14,827|3,636|11,463
269|96,220
15,096| ||Disposals
At31March 2022|||62,339||33,609|(3,636)|11,732|(3,636)
107,680| ||Depreciation
and||||||||| ||impairment
At 1April 2021|||27,561||9,426|3,636|7,910|48,533| ||Depreciation
charge for the|||10,169||7,603||1,302|19,074| ||year
Disposals
At 31 March 2022|||37,730||17,029|(3,636)|9,212|(3,636)
63,971| ||Net book values
At 31March 2022
At31 March 2021|||24,609
34,770||16,380
9,356||2,520
3,553|43,709
47,687| ## |12 Debtors||||||| |---|---|---|---|---|---|---| |||||2022||2021| |||||E||E| |Other debtors||||2,506||| |||||2,555||| |13 Creditors:||||||| |amounts|falling due within one year|||||| |||||2022||2021| |||||E||E| |Other taxes and social security||||259||3,387| |||||255||3,357| |14 Movement
in||funds||||| |||||Incoming||| |||||resources||At31| |||||(including|Resources|March| |||||other|expended|2022| ||||At 1April|gains/losses||| ||||2021|j||| |||||E||| |Restricted funds:||||||| |Unrestricted||funds:||||| |General|funds||130,840|190,829|(151,919)|169,750| |Total funds|||130,840|190,829|(151,919j|169,750| |15 Analysis|ofnet assets between funds|||||| |||||Unrestricted|Restricted|Total| |||||funds|funds|| |||||E|E|E| |Fixed assets||||43,709||43,709| |Net current||assets||96,266|29,775|126,041| |||||139,975|29,775|169,750| |16 Reconciliation ofnet debt||||||| |||||||At 31| |||||At1April||March| |||||2021|Cash flows|2022| |||||E|E|E| |Cash and cash equivalents||||86,540|37,254|123,794| |||||86,540|37,254|123,794| |Net debt||||86,540|37,254|123,794| ## ## ## ## ||Annual
com|mitments
under|non-cancellable
ope|rating
leases are as f|ollows:||| |---|---|---|---|---|---|---|---| |||||2022|2022|2021|2021| |||||Land and||Land and|| ||||||Other||Other| |||||buildings||buildings|| |||||f||f|| ||Operating|leases with expiry|date:||||| ||Over five|years||||238,334|| |||||||238,334|| ||Pension commitments||||||| ||||||2022||2021| ||||||f||f| ||The pension cost charge to the company||||||| ||amounted|to:|||||792| |18|Related party disclosures||||||| ||Name ofrelated party||VICTOR OLADELE||||| ||Description|ofrelationship|SPOUSE TO Ail BOLA OLADELE||||| ||between the parties||||||| ||Description|oftransaction|ADMINISTRATION|OF FOODBANK AND|||| ||and general amounts||ORGANISATION||||| ||involved||||||| ||Controlling|party|||||| ## ## ||||||Unrestricted||| |---|---|---|---|---|---|---|---| ||||||funds|Total funds|Total funds| ||||||2022|2022|2021| ||||||f|E|E| |Income and endowments||||from:|||| |Donations
and legacies|||||||| |Voluntary
Donations|||||77,126|77,126|70,310| |Foodbank Donations|||||73,040|73,040|18,313| ||||||150,166|150,166|88,623| |Other|||||||| |Foodbank & LYN Grant|||||||68,158| |Other Grants|||||40,663|40,663|58,506| ||||||40,663|40,663|126,664| |Total income and endowments|||||190,829|190,829|215,287| |Expenditure
on:|||||||| |Charitable
activities|||||||| |Advancement
ofChristian||||Faith|62,499|62,499|49,287| |Relief of Poverty|||||51,244|51,244|49,741| |Grants made|||||5,541|5,541|10,910| ||||||119,284|119,284|109,938| |Governance
costs|||||||| |Governance|||||6,232|6,232|5,494| ||||||6,232|6,232|5,494| |Total ofexpenditure
activities|on||charitable||125,516|125,516|115,432| |Other expenditure|||||||| |Other Ministry
Expenses|||||3,199|3,199|2,953| ||||||3,199|3,199|2,953| |General administrative|||costs,||||| |including
depreciation|||and||||| |amortisation|||||||| |Depreciation ofland
buildings||and|||10,169|10,169|10,170| |Depreciation
ofChurch
Equipment|||||7,603|7,603|3,489| |Depreciation
ofMotor|||Vehicle||||| |Depreciation
of Furniture
Office Equipment||||and|1,302|1,302|2,089| |Bank charges|||||290|290|372| |General insurances|||||474|474|1,188| |Software,
ITsupport||and||related|280|280|462| |costs|||||||| |Sundry expenses|||||420|420|457| ## |RCCG Majesty Connections
Detailed Statement of Financial Activities|RCCG Majesty Connections
Detailed Statement of Financial Activities|||| |---|---|---|---|---| |Telephone,
fax and broadband||431|431|112| |Legal and professional|costs|20,969|20,969|18,339| |Management
charges||2,235|2,235|3,904| |||2,235|2,235|3,904| |Total ofexpenditure
of|other costs|26,403|26,403|25,196| |Total expenditure||151,919|151,919|140,628| |Net gains on investments||||| |Net income||38,910|38,910|74,659| |Net income before other||||| |gains/(losses)||38,910|38,910|74,659| |Other Gains||||| |Net movement
in funds||38,910|38,910|74,659| |Reconciliation offunds:||||| |Total funds brought forward||130,840|130,840|56,181| |Total funds carried forward||169,750|169,750|130,840|