| Page | ||
|---|---|---|
| Charity's General Information | ||
| Trustees Report | ||
| Independent Estnniner's |
Report | |
| Statement ofFinancial | Activities | |
| Balance Sheet | ||
| Notes tothe Financial | Statements | 7-9 |
| Mr Olugbenga Emma Mr Philip Adebukola |
Mr Olugbenga Emma Mr Philip Adebukola |
nuel Daramola Adegbola |
|
|---|---|---|---|
| PASTOR ICHARITY COORDINATOR: | Pastor Ayodeji Olufolahan | Olaoye | |
| PRINCIPAL AND WORSHIP OFFICE: | |||
| Crawford House | |||
| 2Gwent Street | |||
| Liverpool, | |||
| United Kingdom. | |||
| L88DN | |||
| CHARITY REGISTERATXN NUMBER: | 1130539 | ||
| BANKERS: | National Westminster | Bank Plc | |
| Childwall 1'iveways |
Branch | ||
| Liverpool L156YD | |||
| ACCOUNTANTS: | Richflo Accounting | Services 4td | |
| (Richflo Services) | |||
| 4Deeroak Close | |||
| Manchester M188AF |
| IAL PERFORMANCE AND REVIEW OFFUTURE ACfIVITIES: ~g the year total Incomes of gg~6 was realised and Expenditiue Resources of f67+11 as mcurtud on charitable activities. Included in the incomes was f1,701 donations received towards restricted building funds. The year witnessed ageneral global lockdown due to theoutb~ o acted almost all the Charity activities in swift response to5 Kch~ once had tobe moved and live-streamed fium the residence of+eP~ |
|---|
| studio for the period ofthis report. The cityofLiverpool was placed on the highest tier of+e |
| year. |
| However the charity was able foreinvent operations and fimulies and individuals that were affected by the pan enn |
| Iiaboration with some other oC ~g Christmas~ ateam-up with another organisation (Liverpool Lighthouse) enabled the provision of Christmas Lunches to30families (119people), and 100Christmas boxes were sent to disadvantaged htidren through Samaritans Purse. |
| ~tth ashift to the Charity embracing and operating via technology, the online outreach has successfully led to an increase in participation ofnew members outside the city added to the church. The Charity was able to do online men and women conferences, children's meetings and over the summer, an«me coding school foryoung people for4weeks. IIecause ofthe lockdown, there was an initial drop in income, but with all admin services, church services moved and operating online &om the residence ofthe Pastor/Charity coonhtiator, there was areduction the costofrenting the hall space, and the costofoperations well managed during the lockdowns. The restricted fund for future building acquisition was boosted with surplus funds saved, and this is now |
| planned for completion in the next financial year. |
| The Trustees are pleased toreport that the church continued tobe veiy successful in ministering tomany people, in spite ofthe global pandemic through online and digital initiatives. |
| The charity aims to continually build upon its cuttent achievements, effecbvely spreading the ethos of love and unity while promoting the Christian faith through innovations and initiatives as the pandemic |
| eases over the next months and years tocome. |
| STATEMI:NT OFTRUSTEESRESPONSIIIILITYt |
| The charity's Trustees are responsible for the prepanihon offinancial statements, and they consider audit |
| is not required for this year under section 43(2)ofthe Charities Act 1993(the Act) and that an |
| independent examination isneeded. |
| In preparing these financial statements, the Trustees are inquired to: |
| ~ select suitable accounting policies and then apply them consistently |
| ~make judgements and estunates that are reasotiable and prudent |
| ~prepare the financial statements on the going concern basis unless itis mapproluiate to |
| ~presume that the church will continue in operational service. |
| + the financial statements are IMepared as required by law to give atrue and fair view of |
| the state ofaffairs ofthe church surplus ordeficit for that period, and safeguard the assets |
| ofthe church. |
| Page 2 |
| Umestricted | Restricted | Restricted | TOTAL | TOTAL | |||
|---|---|---|---|---|---|---|---|
| Funds | hutlding | Funds | Funds | Funds | |||
| NOTES | 2021 | 2021 | 2021 | 2020 | |||
| f | |||||||
| INCOMING RESOURCES: | |||||||
| Voluntary | Donatious Income | 72,656 | 0 | 72,656 | 93,446 | ||
| HMRC GRANTS | 12/29 | 0 | 12429 | 0 | |||
| Building | Funds | 0 | 1.701 | 1,701 | 3392 | ||
| TOTAL | INCOM1NG RESOURCES: | 84885 | 1,701 | $69586 | 9$$89 | ||
| RESOURCES EXPENDED: | |||||||
| Charitable | Activities | 31,751 | 0 | 31,751 | 38,938 | ||
| Governance Costs | 40,695 | 0 | 40,695 | 44,867 | |||
| Building TOTAL |
Costs RESOURCES EXPENDED: |
0 ~72 4Ni |
~0 | 0 | 0 ~T2,446 |
0 j83POS |
|
| Net movement in Fund for the Year |
12,439 | 11701 | 14,140 | 15,033 |
| RCCG - Lave Assembly | RCCG - Lave Assembly | ||||
|---|---|---|---|---|---|
| 1IAIANCE SHI- | |||||
| RRTHE YEAR ENDED 31STNtAY 2021 | |||||
| NOTES | 2021 | ||||
| FIXEDASSliTS | R | ||||
| Tangible Assets | 14,804 | 14442 | |||
| Debtors 4,Ptepayments | 9,863 | 9,863 | |||
| ~hara~ | 139,477 | 126,539 | |||
| 149,340 | 136,402 | ||||
| 164144 | 150,944 | ||||
| CREDlTORS | |||||
| Amount due within |
1year | (750) | (750) | ||
| C1tJ9$70lN | |||||
| Amount due more | than | 1 year | (140) | (1,080) | |
| NET CURIKNT LIABILITIES | 163/54 | 149,114 | |||
| CHARITY FUNDS | |||||
| General funds | 163354 | 149I14 | |||
| 163454 | 149,114 |
| 31ST101AY | 2021 | |||||
|---|---|---|---|---|---|---|
| 2O2l Unrestricted |
202i Restricted |
2121 TOTAL |
2S20 TOTAL |
|||
| Funds | Funds | Funds | Funds | |||
| NOTES 2 |
Voluntary 9onatlon incomes: Tithe, thanksgiving and a%mugs Budding Funds |
72,656 0.0 |
0.0 170l 1 701 |
72,656 1,701 ~74 57 |
93,446 5,392 |
|
| Other Incomes HMRC GRANTS |
12,229 | 0.0 | 12P29 | 0.0 | ||
| Charitable activities |
Unrestricted | Restricted | TOTAL | TOTAL | ||
| Funds | Funds | Funds | Funds | |||
| Rent 8r,Rates | 13,437 | 0.0 | 13,437 | 26,000 | ||
| Conferences, Seminars |
3,038 | 0.0 | 3,038 | 10,704 | ||
| Donations dh Welfare |
1,478 | 0.0 | 1477.8 | 830.0 | ||
| Utilities, Phone 8t,Internet | Bills | 2,925 | 0.0 | 2,925 | 1,088 | |
| World Evangelical Missions | 10,874 | 0.0 | 10,874 | 317 | ||
| 31751 | 0.0 | 31,751 | 3 938 | |||
| Governance Costs | Unrestricted | Restricted | TOTAL | TOTAL | ||
| Funds | Funds | Funds | Funds | |||
| Transport, Vehicle Sr,Hire | Exp. | 2,104 | 0.0 | 2,104 | 7,838 | |
| Repair and Maintenance |
7,523 | 0.0 | 7522.6 | 2384.0 | ||
| Printing, Stationery, Postages |
dh Books | 429 | 0.0 | 429 | I,127 | |
| Accountancy 8tPayroll fees |
750 | 0.0 | 750 | 750 | ||
| Depreciation ofassests | 4,935 | 0.0 | 4,935 | 4,847 | ||
| Subscription fees |
1,904 | 0.0 | 1,904 | 1,862 | ||
| Professional Fees | 306 | 0.0 | 306 | 0.0 | ||
| hrsurance 8'cLicences |
4,419 | 0.0 | 4,419 | 3,102 | ||
| Bank Charges | 254 | 0.0 | 254 | 0.0 | ||
| Sta6'Salaries 4,Allowances | 18,073 | 0.0 | 18,073 | 16,456 | ||
| Training Expenses | 0.0 | 0.0 | 0.0 | 6,500 | ||
| 40,695 | 0.0 | 40695 |
| THE RNANCIALNXnuWS FoellIEm 021 |
THE RNANCIALNXnuWS FoellIEm 021 |
e emu | |||
|---|---|---|---|---|---|
| TANGIBLE FIXEDASSETS: | 2021 | 2020 | |||
| Furnit8ne | Church | ||||
| Opening Balance Additions Closbtg Balance COSTIVALUAllONI |
and Fittings g 16,824 0 169824 |
Equipment di; Van g 21,042 5,]97 |
Motor Vehitjes 24,904 0 |
TOTAL 62,770 5197 67@@ii |
TOTAL g 59,005 3765 62,770 |
| Depreciatk9n Opening Balance Charge for the period Closing Balance |
11,605 i/05 22+18 |
15,597 2,660 1$,258 |
21,026 970 |
48+2843/$1 4935~47 53,162 4IL22$ |
|
| Net BookValue | |||||
| Opening Balance | 5,219 | 5444 | 3,&78 | 14,542 | IS5624 |
| Closing Balance | 3,914 | 7,9$1 | 2,909 | 14,$04 | 14~2 |
| DEBTORS AND PREPAYMEYISt | 2021 | 2020 | |||
| Other Debtors and Prepayments | 9863 | 9863 | |||
| 9,863 | 9,863 | ||||
| CREDITORS:Amount falling | Due Within | I Year | |||
| Accountancy k.Professional fees | 750 | 750 | |||
| 750 | 750 | ||||
| CREDITORS:Amount falling | Due atter more tbau 1Year | ||||
| Car Finance -Due 190years Balance Brought Forward Less: Rcpayrncnts |
1,080 940 |
3339 ~59 |
|||
| Balance Canicd Forward | 140 | 1@80 | |||
| 2021f | 2021 g |
2021 | 2020 g |
||
| MOVEMENT IN STATEMENT | OFFUNDS | Unrestricted | Resuicted | TOTAL | TOTAL |
| Funds | Funds | Ftmds | |||
| Net Funds brought forward | 42,897 | 106+17 | 149,114 | 134,081 | |
| Funds gcncr88tcd during tbc year | 12,439 | 1,701 | 14,140 | 15,033 | |
| Net Funds Cerned forward | 55336 | 107918 | 163/54 | 149,114 |