2023-03-31-accounts

					Page
Reference and administrative		details ofthe Charitable	Company,	its Trustees and
advisers
Trustees' report					2-6
Independent examiner's	report				7-8
Statement offinancial activities
Balance sheet					10-11
Statement ofcash flows					12
Notes to the financial statements					13-28

Trustees		Pastor Adeseye	Pastor Adeseye	Atunrase	Atunrase
		Mr Adejumo S		Bakare
		Pastor Chuka	Nwafor,		Chief Executive
		Mrs Christiana		Ekaete	Olaoye
Company	registered
number		6794767
Charity registered
number		1137881
Registered	office	Rear of31-33 High Road
		Chadwell Heath
		Romford
		Essex
		RM6 6QJ
Chief executive officer		Pastor Chuka	Nwafor
Accountants		Stephen Michael Associates
		Chartered Certfied Accountants
		201 Borough	High Street
		London
		SE1 1JA
Bankers		Barclays Bank		Pic
		1 - 2 Trinity Way
		Chingford
		London
		E4 8TD

			Restricted	Unrestricted	Total	Total
			funds	funds	funds	funds
		Note	2023f	2023 6	2023 F	2022f
Income from:
Donations and legacies				6,020	6,020	59,074
Charitable activities				501,085	501,085	572,092
Total income				507,105	507,105	631,165
Expenditure on:
Charitable activities				555,761	555,761	632,353
Total expenditure				555,761	555,761	632353
Net movement in funds				(48,656)	(48,656)	(f, f87)
Reconciliation offunds:
Total funds brought	forward		673	5,479	6,152	7,339
Net movement in funds				(48,656)	(48,656)	(f, 187)
Total funds carried forward			673	(43,177)	(42,504)	6, 152

						2023		2022
				Note		F
Fixed assets
Tangible assets				10		12,302		13,095
						12,302		13,095
Current assets
Debtors				11	58,697		49,022
Cash at bank and	in hand				14,178		27,905
					72,875		76,927
Creditors: amounts	falling	due within one
year				12	(123,518)		(77,077)
Net current liabilities						(50,643)		(150)
Total assets less	current	liabilities				(38,341)		12,945
Creditors: amounts	falling	due after	more
than one year				13		(4,163)		(6,793)
Net liabilities Iassets excluding asset			pension			(42,504)		6,152
Total net assets						(42,504)		6,152
Charity funds
Restricted funds				15		673		673
Unrestricted funds				15		(43,177)		5,479
Total funds						(42,504)		6,152

					2023	2022
					F
Cash flows from operating		activities
Net cash used in operating	activities				(8,127)	10,502
Cash flows from investing		activities
Purchase of tangible fixed assets					2,910
Net cash provided by Investing activities					2,910
Cash flows from financing		activities
Cash inflaws from new borrowing					(8,510)	(2,63f)
Net cash used in financing		activities			(8,510)	(2,531)
Change in cash and cash		equivalents	In	the year	(13,727)	7,871
Cash and cash equivalents		at the beginning		of the year	27,905	20,034
Cash and cash equivalents		at the end of		the year	14,178	27,905
The notes on pages 13to 28 form part ofthese financial statements

		Restricted	Unrestricted	Total
		funds	funds	funds
		2023 f	2023 f	2023f
Donations			6,020	6,020
		Restricted	Unrestricted	Total
		funds	funds	funds
		2022 f	2022	2022
Donations			7,689	7, 689
Government	grants	51,385		51,385
		51,385	7,689	59,074

								Unrestricted	Total
								funds	funds
								2023 F	2023f
Income	from	charitable	activities	-	Children	education	services	501,085	501,085
								Unrestricted	Total
								funds	funds
								2022	2022f
Income	from	charitable	activities	-	Children	education	services	572,092	572,092

				Unrestricted
				funds	Total
				2023	2023
				6	6
Children	education	services		555,761	555,761
			Restdcted	Unrestricted
			funds	funds	Total
			2022	2022	2022
				6	6
Children	education	services	51,385	580,968	632,353

			Activities
			undertaken	Support	Total
			directly 2023 6	costs 2023f	funds 2023 F
Children	education	services	498,631	57,130	555,761

			Activities
			undertaken	Support	Total
			directly	costs	funds
			2022f	2022	2022
Children	education	services	553,868	78,485	632,353

			Children
			education	Total
			services	funds
			2023 8	2023f
Staff costs			398,135	398,135
Nursery and pre-school expenses Premises costs			32,963 50,804	32,963 50,804
Communication		costs	11,318	11,318
Professional	fees		5,411	5,411
			498,631	498,631
			Children
			education	Totel
			services	funds
			2022	2022
				8
Staff costs			431,972	431,972
Nursery and pre-school expenses Premises costs			24,897 76,478	24,897 76,478
Communication		costs	5,808	5,808
Professional	fees		14,713	14,713
			553,868	553,868

		Children
		education	Total
		services	funds
		2023 6	2023f
Staff costs		31,463	31,463
Depreciation		2,036	2,036
Vehicle expenses		6,476	6,476
Rent		5,645	5,645
Computer software and services		2,489	2,489
Office expenses		929	929
Recruitment	cost	148	148
Bank service	charge	1,917	1,917
Repairs and	maintenance	202	202
Printing postage and stationery		34	34
Donation		718	718
Dues & Subscription		1,773	1,773
Governance	costs	3,300	3,300
		57,130	57,130

Analysis ofsupport	costs (continued)
		Children
		education	Total
		services	funds
		2022f	2022f
Staff costs		32,512	32,512
Depreciation		5,392	5,392
Vehicle expenses		3,378	3,378
Rent		8,498	8,498
Communication costs		735	735
Computer software	and services	6,315	6,315
Office expenses		1,340	1,340
Bank service charge		1,351	1,351
Repairs and maintenance Printing postage and stationery Donation		7, 141 1,683 6,511	7, 141 1,683 6,511
Dues & Subscription		329	329
Governance costs		3,300	3,300
		78,485	78,485

Staff costs
				2023f	2022f
Wages and salaries Social security costs				400,616 23,501	443,300 15,410
Contribution	to defined	contribution	pension schemes	5,481	5,774
				429,598	464,484

The average number of persons employed by the	Charitable Company during the year was as f	ollows:
	2023	2022
	No.	No.
Management Staff	3 44	3 39
	47	42

					2023	2022f
Pastor	Chuka	Nwafor	Remuneration		23 050	23099
			Pension contributions	paid	504	506

	Plant and	Motor	Office
	machinery 6	vehicles 6	equipment F	Total 6
Cost or valuation At 1 April 2022 Additions	11,021 2,910	22,155	9,748	42,924 2,910
At 31 March 2023	13,931	22,155	9,748	45,834
Depreciation At 1 April 2022 Charge for the year	9,422 607	11,456 2,675	8,951 421	29,829 3,703
At 31 March 2023	10,029	14,131	9,372	33,532
Net book value
At 31 March 2023	3,902	8,024	376	12,302
At 31 March 2022	1,599	10,699	797	13,095

Debtors
	2023	2022
Due within one year Trade debtors Other debtors	34,464 24,233	37, 757 11,265
	58,697	49,022

							2023 E	2022f
	Trade creditors						579	536
	Other taxation and social security						8,653	5,170
	Obligations	under finance lease and hire purchase			contracts		5,260	2,630
	Pension fund loan payable						1,082	972
	Other creditors						78,378	50,926
	Accruals and deferred		income				29,566	16,843
							123,518	77,077
13.	Creditors:	Amounts	falling due after more than		one	year
							2023	2022
								5
	Net obligations under		finance lease and hire purchase			contracts	4,163	6,793
14.	Financial	instruments
							2023	2022
							E
	Financial	assets
	Financial	assets measured at fair value through		income and expenditure			14,178	27,905

Statemen	t	offunds - current year
							Balance at
			Balance at 1				31 March
			April	2022	Income	Expenditure	2023
				E			6
Unrestricted		funds
General	Funds - all funds		5,479		507,105	(555,761)	(43,177)
Restricted		funds
Remember				673			673
Total of	funds		6,152		507,105	(555,761)	(42,504)

						Balance at
			Balance at			31 March
			1 April 2021	Income	Expenditure	2022
Unrestricted	funds
General Funds - all funds			6,666	579,781	(580,968)	5,479
Restricted	funds
Remember			673			673
Coronavirus	Job Retention	Scheme		51,385	(51,385)
			673	51,385	(51,385)	673
Total offunds			7,339	631,166	(632,353)	6, 152

							Balance at
			Balance at 1				31 March
			April 2022 F	Income f	Expenditure	f	2023f
General	funds		5,479	507,105	(555,761)		(43,177)
Restricted		funds	673				673
			6,152	507,105	(555,761)		(42,504)

Summary	offunds - prior year
						Balance al
		Balance al				31 March
		1 April	2021f	Income f	Expenditure f	2022
General funds			6,666	579,781	(580,968)	5,479
Restricted	funds		673	51,385	(51,385)	673
			7,339	631,166	(632,353)	6,152
Analysis	of net assets between	funds
Analysis	of net assets between	funds - current year
				Restricted	Unrestricted	Total
				funds	funds	funds
				2023 f	2023 f	2023f
Tangible	fixed assets				12,302	12,302
Current assets				673	72,202	72,875
Creditors	due within one year				(123,518)	(123,518)
Creditors	due in more than one year				(4,163)	(4,163)
Total				673	(43,177)	(42,504)
Analysis	of net assets between	funds - prior year
				Restricted	Unrestn'cled	Total
				funds	funds	funds
				2022 f	2022 f	2022f
Tangible	fixed assets				13,095	13,095
Current assets				673	76,254	76,927
Creditors	due within one year				(77,077)	(77,077)
Creditors	due in more than one	year			(6,793)	(6, 793)
				673	5,479	6, 152

18.	Reconciliation of net	Reconciliation of net	movement	movement	in funds	to net cash flow from operating	to net cash flow from operating	activities
								2023 f.	2022f
	Net expenditure for the		year (as per Statement of Financial				Activities)	(48,656)	(1,187)
	Adjustments for:
	Depreciation charges							3,703	5,392
	Increase in debtors							(9,675)	(11,799)
	Increase in creditors							46,501	18,096
	Net cash provided	by/(used		In) operating		activities		(8,127)	10,502
19.	Analysis ofcash and		cash	equivalents
								2023	2022
								6
	Cash in hand							14,178	27,905
	Total cash and cash		equivalents					14,178	27,905
20.	Analysis ofchanges		in net	debt

			At 1 April		At 31 March
			2022	Cash flows F	2023 f
			F
Cash at bank and		in hand	27,905	(13727)	14178
Debt due within	1	year	(972)	(110)	(1,082)
Finance leases			(9,423)		(9,423)
			17,510	(13,837)	3,673

				2023 F	2022f
Amount owed (Note 13)	to RCCG International	Christian	Centre - in Other creditors	62,534	28,534
Rent payable	to RCCG International	Christian	Centre	47,000	84,000