|C||||| |---|---|---|---|---| |ontents||||Page| |Trsutees'
annual
report||||1-4| |Statement
of|trustees responsibility|||| |Independent|examiner's|report||| |Funding
stements:||||| |Statement|offinancial||activities|| |Moveinent|in funds|||9| |Income and expenditure|||account|10| |||||11| |Balance sheet||||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Fiili||||||| |---|---|---|---|---|---|---| |nanca revew|||||2021|2020| ||||||K|S| |Set Income/(loss)|||||(5,616)|22,103| |Unrestricted
revenue||funds available|for the general purposes|of||| |the charity
Restricted revenue
Total funds|funds||||127,840
122,223|105,737
127,840| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Statement
offinancia
31December 2021.|l a|ctivities
(including
the|Income and expenditure
ac|count for t|year||| |---|---|---|---|---|---|---|---| ||||Current
year
Unrestricted
Funds|Current
year
Restrtcted
Funds|Current
year
Total
Funds|Prior year
Total
Funds|| ||||2021|2021|2021||2020| ||||S|R|||| |Income Ib endowments||from:|||||| |Donations
and legacies|||114,127||114,127||128,522| |Other income|||||||| |Total income|||114,127||114,127||128,522| |Expenditure
on:|||||||| |Charitable
activities|||119,743||I19,743||106,419| |Total expenditure|||119,743||119,743||106,419| |Net income/(loss)|for|the year|(5,616)||(5,616)||22,103| |Net income after transfers|||(5,616)||(5,616)||22,103| |Net movement
in|funds||(5,616)||(5,616)||22,103| |Reconciliation
offunds:
Total funds brought
forward
Total funds carried forward|||127,840
122,223||127,840
122)223||105,737
127,840| ||||2021|2020| |---|---|---|---|---| ||||K|K| |Funds generated
in the year as detailed in the SOFA
Resources applied on functional
fixed assets
Net resources available to fund charitable
activities|||(5,616)
3,361
(2,255)|22,103
22,103| ## |Movements
kn revenue
and|capital f|unds for the year en|ded 31Decem|ber 2021||| |---|---|---|---|---|---|---| ||||Unrsstrtctsd
Funds|Jtestrtctsd
Funds|Total
Funds|Total
Funds| ||||2021|2021|2021|2020| |Accumulated
funds brought
forward
Recognised gains and losses|||127,840
(5,616)||127,840
(5,616)|286,329| |Closing revenue
funds|||122,223||122,223|286,329| |Summary
offunds|||tJnrsstrtctsd
Funds|Zsstrtctsd
Funds|Total
Funds|Total
Funds| ||||2021|2021|2021|2020| |Revenue accummulated
funds|||122,223||122,223|286,329| |Income
Income from operations|||114,127||114,127|128,522| |Other operating
income||||||| |Gross income in the year|excluding|exceptional items|114,127||114,127|128,522| |Expenditure
Charitable
expenditure,
excluding
and amortisation
Depreciation
and amortisation
Governance||depreciation|106,056
13,187
500
119,743||106,056
13,187
500
119,743|93,169
12,749
500
106,419| |Total expenditure
in the|year|||||| |Retained surplus/(deficit)|for the financial year||5,616||5,616|22,103| |
Balance 8heet as at 31D|ece|mber 2021|||| |---|---|---|---|---|---| ||||Notes||| |||||2021|2,021| |Fixed assets
Tangible assets||||276,503|286,329| |Current assets
Debtors - gift aid receivable
Cash at bank and in hand|||10,000
25,717|35,717
30,543|30,543| |Creditors: Amount
falling due
within
1year|||31,144|23,000|| |Creditors: Amount
falling
more than
1year|due|after|158,853|166,032|| |Net current assets||||189,997|189%032| |Total net assets of the charity||||122,223|127,840| |The total net assets ofthe||charity are funded by the funds ofthe charity, as follows:-|||| |Restricted funds
Restricted revenue
funds||||122,223|105,737| |Unrestricted
funds
Unrestricted
funds|||||22,103| |Total charity funds||||122,223|127,$40| |P
on Adebo||Adegohe|||| |Trustee Chairman|||||| |Approved
by the trustees|on|20 September 2022 and signed on their behalf by:|||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |
working
in th|

e vaious departments|

e vaious departments|ofthe church.|ofthe church.||| |---|---|---|---|---|---|---| |5 Net surplus|before tax in the||financial year|||| ||||||2021|2020| ||||||K|K| |The net surplus||before tax in the|financial year is stated after charging:-||(5,616)|22,103| |Depreciation|of|owned fixed assets|||13,187|11,403| |6Remuneration||and payments|to trustees|and persons connected with theIn||| ## |
Notes forming part of|th|
e financial statements
for the year ende|d 31December|2021|| |---|---|---|---|---|---| |7Tangible Qaed assets||||Church|| ||||+~@ding|Equipmeut|Total| ||||4|R|C| |Current year|||||| |Cost|||||| |At 1January 2021
Additions
in the year
At 31December 2021|||297,806
297,806|39,574
3,361
42,93S|337,380
3,361
340,741| |Depreciation
At 1 January 2021|||17,868|33,183|51,051| |Charge for the period
At 31December 2021|||5,956
23,824|7,231
40414|13%187
64238| |Net booh value|||||| |At 31December 2021|||273,982|2,521|276,503| |At 31December 2020|||279,938|6,391|286,329| |8Creditors: Amounts|falling due within one year||||| |||||2021|2020| |||||4|| |Mortgage
on building||||18,000|16,500| |Other creditors||||12,643|6,000| |Independent
examination||fee||500|500| |||||31,143|23,000| |Creditors: Amounts|falling due after more than one year||||| |||||2021|2020| |||||4|K| |Mortgage on building||||1S8,853|169,647| |||||158,853|169,647| ## ## |||2021|2020| |---|---|---|---| |||S|| |At 1January
Surplus/(loss)|ofincome over expenditure|127,840
(5,616)|105,737
22,103| |At 31December||122,224|127,840| ## |11Parti|culars
ofhow particular|funds are represented
by|assets and|liabilities||| |---|---|---|---|---|---|---| |||Unrestricted
Pand|Designated
fitted|Unrestrlcte
dPonds|Total
funda|Total
funds| |||2021|2021|2021|2021|2020| ||||f.|||| |At 31December||||||| |Tangible
Current|fixed assets
assets|276,503
35,717|||276,503
35,717|286,329
7,543| |Current|liabilities|(189,996
122,224|||189,996
122,224|166,032
127,840| |At 1 January
Tangible fixed assets
Current assets||286,329
30,543|||286 329
30,543|291 494
7,190| |Current|liabilities|(189,032)|||(189,032)|(192,947)| |||127)840|||127,840|105)737| ## |12Change in|total|lands ov|er the|year, analysed|by individual
fluads||||| |---|---|---|---|---|---|---|---|---|---| ||||||Funds||Transfer||Funds| ||||||brought|Movement|between||carried| ||||||forward|in lands in|land¹|in|forward| ||||||from 2020|2021|2021||2022| |||||||R|R||| |Unrestricted|and designated||Aands:-||||||| |Unrestricted|funds||||127,840|(5,616)||—|122,224| |Total unrestricted||and designated||funds|127,840|(5,616)||-|122,224| |Restricted lands:|||||||||| |Building fund|||||||||| |Total restricted land¹|||||||||| |Total charity|funds||||127,840|(5,616)||-|122,224| |||||||||||Movement| |---|---|---|---|---|---|---|---|---|---|---| ||||||||Other|||in hands| ||||||||gains|8a|Movement|carried| ||||||Income|Eel&en&iitnre|losses||ia funds|forward to| ||||||2021|2021|2021||2021|2022| |||||||8|||R|| |Unrestricted|and|designated||fiands:||||||| |Unrestricted|revenue||funds||114,127|(119,743)|||(5,616)|(5,616)| |Unrestricted|lands:|||||||||| |Building fund||||||||||| |Total restricted||lands|||114,127|119,743)|||(5&616)|(5,616)| ## ## ## ||||Unrestricted|Restricted|Total|Total| |---|---|---|---|---|---|---| ||||Pand|Pand|funds|funds| ||||2021|2021|2021|2020| ||||g|4|S|| |Donations|and gifts from individuals||114,127||114,127|128,522| |Total donations,||grants and gifts|114,127||114,127|128,522| ## |Unrcstrlctcd|Restricted|Total|Total| |---|---|---|---| |Pand|Pand|fuads|funds| |2021|2021|2021|2020| |S|4|g|K| ## |17Expendit|ure
o|n charitable
activities
-|Direct spending|||| |---|---|---|---|---|---|---| ||||Unrestricted|Restricted|Total|Total| ||||Pand|Pand|fu nets|funds| ||||2021|2021|2021|2020| ||||4||S|K| |Travel and subsistence|||2,868||2,868|2,569| |World Evangelistic||Mission|3,900||3,900|3,850| |Welfare|||9,125||9,125|13,021| |Staff cost|||41,301||41,301|34,045| |Staff training|expenses||147.00||147|240| |Community|projects||9,153||9,153|4,106| |Media, website etc|||223||223|1,101| |Total direct|spendings||66,717||66,717|S8,932| ## ## ## ||||Vnrestrlctcd|Jtcctrtcted|2'otal|Total| |---|---|---|---|---|---|---| ||||fiuad|f+ad|fzcnds|funds| ||||2021|2021|2021|2020| ||||4|R||| |Premises expenses||||||| |Mortgage|||13,736||13,736|13,356| |Administrative
overhead||||||| |Stationery
and printing|||1,445||1,445|788| |Subscription
to periodicals|||2,039||2,039|2,483| |Ministry expenses|||6,502||6,502|4,750| |Telephone
and internet|charges||1,840||1,840|1,740| |Utilities|||1,208||1,208|2,199| |Pastoral expenses|||786||786|1,850| |Liability and contents|insurance||3,360||3,360|633| |Bank charges|||536||536|344| |Sundry expenses|||3,024||3,024|1,345| |Equipment,
repairs, expenses||and maintenance|4,863||4,863|3,883| |Professional
fees paid to advisors other than the||||||| |auditor or examiner||||||| |Other legal and professional||||||| |Financial costs||||||| |Depreciation
8r, Amortisation||in total for the period|13,187||13,187|11,403| |Support costs before|reallocation||52,526||52,526|44,774| |Total support costs|||52,526||52,526|44,774|