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2023-03-31-accounts
| THE OLDBURY |
FAITH FOUNDATION |
|
|
|
| STATEMENT OFFINANCIAL ACTIVITIES |
|
|
|
|
| FOR THE YEAR |
ENDED 31MARCH 2023 |
|
|
|
|
NOTES |
|
2023 |
2022 |
| INCOMING RESOURCES |
|
|
|
|
| DONATION: |
|
|
|
|
Unrestricted
Funds |
|
|
10,886 |
5,100 |
| Income Rom Students |
|
|
|
|
| Fees received |
|
|
23,450 |
20,348 |
| TOTAL INCOMING RESOURCES |
|
|
34,336 |
25,448 |
| RESOURCES EXPENDED |
|
|
|
|
| Direct Charitable |
Expenditure |
|
|
|
| Property Expenses |
|
2 |
5,624 |
1,084 |
Administration
Expenses |
|
3 |
13,158 |
12,623 |
| Other Bxpenses |
|
4 |
234 |
522 |
| Finance Costs |
|
5 |
|
|
|
|
|
19,016 |
14,229 |
| NET INCOMING |
RESOURCES FORTHE YEAR |
|
15,326 |
11,219 |
| Fund Iia1ance carried |
forward |
|
15,320 |
11,219 |
| The notes on page 6 |
to 7form part ofthese accounts |
|
|
|
|
NOTES |
2023 |
2022 |
| FIXEDASSETS |
6 |
9,059 |
9,059 |
| CURRENT ASSETS |
|
|
|
| Debtors/investments |
7 |
110,002 |
110,002 |
| Cash at bank |
0 |
26,539 |
11,219 |
| NET CURRENT ASSETS |
|
136441 |
121421 |
| CURRENT LIABILITIES |
|
|
|
| Creditors-Expenses |
11 |
100 |
1M |
| NET CURRENT LIABILITIES |
|
100 |
ND |
| NET ASSETS |
|
145,500 |
13D,180 |
| FUNDS |
|
|
|
| Balance b/for3vard |
|
130,180 |
118,961 |
| Unrestricted |
|
15,320 |
11,219 |
Revaluation
Reserve |
|
|
|
|
10 |
145,500 |
13D,180 |
|
THE Charity |
does not rec |
eive grauts as material part ofits inc |
ome |
|
|
|
|
|
2023 |
2022 |
| 2 |
PROPERTYKXPENSES |
|
|
|
g |
|
General Insurance |
|
|
92 |
92 |
|
Rent |
|
|
5,532 |
1,084 |
|
Water Rates |
|
|
0 |
0 |
|
Telephone |
|
|
60 |
60 |
|
|
|
|
5,684 |
1,236 |
| 3 |
ADMINISTRATION |
|
EXPENSES |
|
|
|
Equipments |
=Tripod /Receiver |
|
0 |
0 |
|
Stationery |
|
|
0 |
22 |
|
Equipments |
Repairs |
|
0 |
0 |
|
Teachers Wages |
|
|
10,529 |
12,563 |
|
|
|
|
10,529 |
12,5&5 |
| 4 |
OTHER EXPENSES |
|
|
|
|
|
Sundries |
|
|
2530 |
0 |
|
Books and Bags |
|
|
200 |
308 |
|
Legal Fees |
|
|
0 |
0 |
|
Professional |
Fees |
|
100 |
100 |
| 6 |
FIXEDASSETS |
Furniture |
66 |
|
|
|
|
Equipment |
|
|
|
|
COST |
|
|
|
|
|
At 31stMarch 2022 |
9,059 |
|
|
9,059 |
|
Additions |
|
|
|
|
|
As 31March 2023 |
9,059 |
|
|
9,059 |
|
NET BOOKVALUE |
|
|
|
|
|
At 31stMarch 2023 |
9,059 |
|
|
9,059 |
|
At 31stMarch 2022 |
9,059 |
|
|
9,059 |
| 7 |
DEBTORS |
|
|
2023 |
2022 |
|
|
|
|
6 |
|
|
Other Debtors |
|
|
0 |
0 |
| 8 |
CASHATBANK |
|
|
|
|
|
Unrestricted
Ponds |
|
|
26,539 |
11,219 |
|
BANK ACCOUNT ANALYSIS |
|
|
|
|
|
Barclays Bank - Current A/C No 93373584 |
|
|
19,626 |
22,084 |
|
Barclays Bank - Current A/C No 43827143 |
|
|
703 |
0 |
|
Bsrclays Bank - Current A/C No 73733823 |
|
|
6,216 |
88,372 |
|
|
|
|
26,539 |
110,456 |
|
|
|
Balance at |
Incoming |
Expenditure |
Total |
|
|
|
01-Apr-22 |
Resources |
|
Funds |
|
Unrestricted |
Funds |
130,180 |
34,336 |
[19,016] |
145,500 |
|
|
|
130,180 |
34,336 |
[19,016] |
145400 |
|
|
|
|
|
2023 |
2022 |
| 11 |
CREDITORS |
|
|
|
|
|
|
Accresls = ProfPees |
|
|
|
100 |
|
|
|
|
|
|
100 |
|