•l'A for tfie yeor Jl(wcA 2022 Company ReStratIOn Number. 06546595 (Ett8land and Wales) Chariry Number. 1143254
Page RefeTence llnd Administr4llve Detaib of the Cknity. its TTUStees and Advisers Trustees Report Independenr Examinern Report on the Fitiancial Statements Siatement of Financial ActRvities 8-11 Notes to ¢he Financial Starements 12-20
Mr J Adebayo Pastor MTS Adenrele Adeyileka Pastor Amos Fenwa Revd Olumide Adryileka Prinal Offt%" 3 Herrin8ham Road Charlton ndOll SE7 8NJ Cenified Chartered Accountanrs 32 Dewey Road Dagenham RMIO 8AR Solicitorn ACGILEAD lICItOrS 179 Deprford Hi%h Street. L4)ndon. SE8 3NU Compny Re8¥trth Numir. (kn546595 (En8iand and Wales} CknityNurllbr. 1143254
The Trustees. who are also Directors of the chariry for the purFM)w of the CompaDies Act 2tNJ6. present their report with the financRal statements of the chariry for the year ended 31 March 2022. The trustees have adopted the provisions of Accounting and Rewning by Cl)aritses: Statement of Recommended Prattice applicable to chariues preparinB their accounts in accordance with the Financial RertIng Standard applicable in (he UK and Republic of Ireland IFRS 1021 (effective l January 2019). The main objective of the chority 1$ the propagation of tht Christ's gospel to the entire world. In the year under review. the main achievements of the or8anisation during the period were.. l. During the occounting Peri we were just coming out gradually from the crnrid-19 lockdown and the church w¥ encouraging membez5 to return back to church senri¢e$. 2. Duc to the Pandemic wc havc not bceD able io return back to Physic services in the church we only do Sunday church service, the rest weekly services are still done online. 3. We maintain our membership roll by doiD8 re8ular follow ups throu8h phone ¢all, text messages, and support the that are in Deed financially and spiritually. 4. We also ensure that are elderly are well monitored and taken care of during this period. 5. We used our church vehicle to transpon the elderly and Ihose with transrtatIOn challen8es to and fro church at every ser¥ice. 6. We continue to meet the welfrdre needs of our rnernbe and recomEnended People in our community that our in need with cash and f(Kxl sruff5 7. We still continue with rn(t of our online services for our Children every Saturday from I I:(KJ am to 12pm anchored by # paid Children Teacher. 8. Our online Bible saY every Tuesday evenin8 from 81K) to 9:iKJ pm is 8ainin8 momentum and we are seeing the itnpact on our membern 9. Our Fridays online Prayer meering is also gaining momentum with a lor of people watching on YouTube and Facebook live across the 8lobe. 10. We also broadc&st live our Sunday services. having an hybrid service every Sunday from I I:IY) am co 1..30pm I l. Because of the impact of the COVID -19 p#ndemie on the cost of livin8 It has an effect o our donation and we have to knrn)w most times to ere we are uEFto date with our Lease rent and other bilLs and sthries. 12. We continue 10 provide training and seminaTS ro our members to help them get Into employmeni and also to be self-employed. 13. We continue to Partner with g)me organisations to help (wr mernbers and the people in the community have access to employment in the health care and Prorry management and investment sector- CA)mpanies like Jamores care Home& Peculiar Care Home5. Exclusive care Home& and Ma8ben Properties Lt<L
- We continue to SupTE financially Missionaries and chariry OrglsaonS impacting lives in Africa.
- We corAtinue to provide office space and supp)n membeT3 business to enable them become ernployers Df lab[r.
The trusiets art Tr4K)wible for the Tru5tee5' .4Twual Repon Aoa the
JtateTnenty in xcordance M'ith Jpplioble la. attd répLIi)ons.
Companv law Tequires the tTuA¢es io pyare financ #agern¢nTS for ea¢h financLai in
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We reporr on the accowits of the TTr for the year ended 31 March. 2022. which are set out on Pages 8 to 19. We have examined the financial 5ratements of the Holy Ghost ChristiaD Centre Limited (the eharity) For the year ended 31 March. 2022 which comptise the Statemeni of Financial Activiues, the Balance Shee(, Ihe Statement of Cash Flows and the lated notes. including a summary of Significant accoun¢in8 po]icies. the financial renIng framework thar has been applied in their preparaiion, its applicable law and Uniied Kingdom Accounting Standards, including Financial Reporting Standard 102 - The Financi31 RetM)ning Standard appliLable in the UK and Republic of Ireland, {Unired Kingdom Generally Accewed Accounting Praeucel. The financial statements have been prepared in accordance with Accountin8 and Reporting by Chariues preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland IFRS 102) in preference to the Accounung and Reporting by Charities: Statement of Recommended Prartice issued on l April 2(K)5 which is referred co in the emnt regulations bui ha8 been withdrnwn. This ha$ been done in order for the accounts ¢0 provide a true and fair view in accordance with the Generally Accepted Accounting Prdctice effec¢ive for reponing peri5 beginnin8 OD or after I lanuary 2015. In our opinion the financial statements: Give a trne and fair view of the s¢ote of the eharity's affairs as at 31 March. 2022 and of its incoming resources and application of resources for the year ended: Have been properly preFMred in accordance with United Kin8dom Genernlly Accepted Accounting Practice: and Have been prepared in accordance with the requirements of the Charities Act 2011. The charity'8 tnistees are resnsIble foi the preparation of the accounts. The chariry's trustees collsider that audit 15 nor required for thxs year (under secrion 43(2} of the Charities Act 2011 (the 1993 Acr)) and that an independenr examination is needed. Ir is our responskbility to: cxamine the accoullts (under section 4V}(a) OF the 19tr3 Act); to follow the proceduies laid down in the Genernl Directions givcn by the Cbarlry CommissioneT5 (under Section 43{7)(b) of the 1993 Act)" and To state wbetber particular Matte have cotue to our atrent&o
examination was (gTried out in accordance with the General Directions given by the Chariry Commissioners. An examination indudcs a rcview of the accounting records kept by the charity and a comparison of the accounr5 presented with those records. li also includes consideration of any unusual items or disclosures in the accounts. and seeking explanations frotn you as tneeS concerning any such marrer5. The pr(dreS UDderraken do not provide all the evidence that woum be requiTed in an #udiL and o)nsequendy we do not express an audit opinion on the view given by the accounts. In eonnection with our examination. no matter has come to our attention.. (l) Which yeS u5 reasonable cause ro believe that in any material respect the requirements to keep accounring teconls in accordance with section 41 of the 2011 Act; at To prepare accounts which accord with the accounung records and comply with the actounung requirements of the 2011 Act as amended. Have not been met,. or {2) To which. in our opinion, auenrion should Ee drawn in order to enable a proper understanding of the accounts 10 reached. Ule of our TQP( Thts report is made solely to the chariry's trustees. as a lyjdy. in accordance with Part 4 of the Charities {Accounts and Reports) Regulations 2[ Our examination of the accounts has been undertaken so that we might State to the charity'$ rrusw ihose matters we are required to st2te to thern in an examiner's rert and for no other PUTFL. To the fullest extent pennitted by law, we do not accept or a&wme reswjnsibility to anyone other tban the cbarity and its trustees, as body. for thc independeni examination work. or for the opinions we have forn)ed. Adekunle Fawunmi Fabek Associates 2nd Co txd Certified Chanered Accountants 32 Dewey Road Dagenham Fabek Associwtes & Co L¢d C'liarLLfLcI C'.ei'iiliLd.-liil)iiiiiJiILS RMIO 8AR
Curter¢ year CtI year Cllrrert yev Prk>r Year Note• unre•utea Re•uxted Tot•i Tot41 2022 2022 2022 2021 IncoTh & EJMlowrem• DorAtts & LBac OdEr 317.868 10.cKK) 327.868 219.907 25.101 Total Incon Cl4rnabk acuv 315,089 io, 325.089 275.633 N•t for ye•Y 2.105 1105 (30.625) 0.62 Totsl tpJnd• blou forward 7282 7.282 37,907 Totsl fund• c•rtkna fornrd Alitlt pr yearttaroaewro UTllEs ztmi, ard rD furthtramtysii i& Rq AlactiYtr5 derrie operdtD HOLY GHosf CHRISllAN CENTRE UMrrED . Re¥owrca &pplhEd in tbe yearejmied 31 M•rch 2022 toward• a•8•ts for ChRity we:_ 2022 2021 Futds gerdrea year as derakd SOFA ResoutLes applrd on fLUY¢#)rnl a5se¢s Odrapplratx)JB of fij 2.105 (21.1521 130.625) 120.1851 Net re8outce• &vAlable to £ud chllritble activfri?•
Movemert• ID ThveThJe cap•41 for ¢) year ¢Ied 31 2022 Revem Accumlkted Toul 8t yeqT Total Fufyl• 2021 2022 2022 2022 Accunwbted fillmls forwa 7.282 7.282 37.907 Reco8nMed gaits ard b&ses bcfo traferS 2.105 2.105 {30,625 7.282 9,387 9,387 CloilD8 JeveDue 9.387 Urr•strK•ed Res•rnd Tot•1 Total Fujth De•igtrted hJul• 2022 2022 2022 2021 Reve acawwhted fillyjs 9J87 9.387 7.282 HOLY GH CHRISTIAN CENTrE LIMITED •ryl E4eDliture Aeeount for the year eL¥led 31 M•rch 2022 •• reqthd by the Comp#nlei Act 2006 2022 2021 Ixoj fromoperatDr Inve8inm arxl ittsTE#t 327.868 245,008 Gro•• tsome ts the y¢•r b•foze exeepth)rAI Itemi 7.86 245. Gro6• In the Ye lbl¥ Item 45.00 CIMiitabk expeAlxute. exc1di deptEcRt¥)n4Tr4 DepreCiAtnal an58)n Govertwrte costs Ittercsr payab Realed bsses ondBposab of social investllYEts wFihare progThmDE rehi 313,488 9,809 800 992 262.177 12.182 800 474 Totsl e4[d£ll[e ill the yoar Net befon tax in thE ye•r 2.105 (30.625) Tax on sw>hB on ordrory activ Net Ioe after tx illthe fi11] year RetKined •utpkn for the r)J] ye•r 2.105 30.625 A]i actiytrs detiye fztjmcortiwirg operdti)r io
2022 2021 Fized ulets Tangble assct4 55.337 43.994 curre Debto Cash at Ew)k and in h3Tr4 23.7 5.928 21.742 13.566 Toral cumot a•8ets 28,928 35,X18 Credxtor8: 4mQUJtJ due within on¢ year 18.(kn) 15,6(N) N•¢ cumnt ai••ts 10.928 19,708 ti>,265 .702 Ner Credirots.. amourns due after {56,878> (56,4201 The totsl nrt 4•••ts of th• cbarlty 9.387 T.282 10 7.282 9,387 Total charity fund• 9.387 T,282 The dirertors are satisfied that the company ig entitled to exemption from the requiremeEkr to obtain an audit under sectkon 4T/ of the CompaDiÈS Act 21x6. The chariry is subjeci to indet*ndent ex3mlltIon under clwity legislauon, and the report of the exami10 is on Pages 7 and 8. li
The rnembeT5 bave wwrrd the cowpAnytoi)IxaiD audit in arcordanct with se¢iion 476 of tht Acr. The direcrors acknowled8t iheir rnPDnsibilities forcornplyipg the requirettLtnts the CornpJnJcs Acr 26 with respeo io ac(ounriD8 fecoTd5 and the prepaEaLion OF aoounu. The fincl1 Slements hal'e Ettn preparod in attordance the provisions in Pan 15 ol rhc Companies Act 2(K6applicabk to eowtspanies subiert to the smau companies Tegime. Rti.J 01 Tntytoe Approved by the bNrd 0fty0 12
NOTES TO THE FINANCIAL gfAYEMENIS FOR THE YEAR ENDED 31 MARCH, 2022 The financial statements have been Prepared in accordance with the charities SORP (FRS 102) - Accounring And Reporting by Cbarities. Srarement of Recommended Practice pplicable to charitie5 PTeparing their accounts. in accordance with the Financial RertIng Standard applicable in Ihe UK and Republic of Ire]and {FRS 102) leffectivo I Ianuary 2015). the Fit)ancial Reportsng Stsndard applicable in the UK and RepublAc of Ireland {FRS 102 and the ChaTirie8 ACE 2011. The financial s¢arernenrs have been prepared to give a true and fair Niew and have dcparted from the Charities (Accounts and Repjrcs) Regu]ations 2008 only to the extcnt required to provide a tn and fair view. This depamire has involved following the Chariues SORP (FRS 102) published on 16 July 2014 rdther than the Accountin8 and Reporting by chille5 Statement of Recommended Practice effertive from l April 21J)5 which has since been withdrdwn. Holy Ghost Christian Centre Limlted meets the definition of public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical ccrft or transaeiion v81ue unless othenvise stated in the relevant accounting p)liey. There are no material uncerwnues reBardin8 the dwiry'$ ability to continue. Therefore. the accounts are prepAred on a 8OiD8 concern b&si8. 13 All income t$ recogni8ed once the Chariry has entitlemont to the income. Tt 1$ probable that the income will be received and the amounr of income can be n)easured reliably. Incorne rax recoverable in relation to investment income is recogDi5ed at the time the invLlStmeni income is receivable. Expenditure is recognised once there is a lesal or constructive obligation to transfer economic benefit to a thinl party. It is probable that a tratLsfer of economic benefits will te required in sett]emeni and the amouni of the obligation tan be measured reliably. Expenditure is classified by acttviry. The cosrs of each activiry are Tnade up of (he Lo diteci cos¢s and slwed co5. indudiD8 sUPtt costs involved in undertaking each activiiy. Direct costs attributable to a single aCtity are allocated direcdy to that aCtity. Shared costs which conttibute to more tban one altY and supp)rt costs which are not atrributable to a single artity are apportioned bÈtween those actiNryties on a basis 13
consistent with the use of resources. Central staff cosrs are allted on the basis of time spenL alld depreciarion Charges allated OD the ponion of asser's use. ExdIture on charitsble activities in InCued on directly uudertaking the activities which fuTther the Charity's objectives. as well as any associated support costs. Grdnts payable are charged in the year when the offer is made &xcept in those cases where the offeT is condiuonal, such grants bein8 recognised as expenditure when the condition$ attaching are lfilled. Grants offered subjett to conditions which have not been met at the year.end are noted as a CODWAitmen4 but not aCcd &s expenditure. All expenditure is indusive of irrecover4ble VAT. Interest on TrdS held on dew)sit is induded when receivable and the amount can be moasuTed reliably by the Cbariry: this is normally up)n notification of the inter¢s¢ paid or payable by the insri¢ution with whom the funds are de1]red. Tangible fed aye are initially recognised at cost. After reco8nitlOD under the cost model, tan8ible fixed assets are measured 3¢ eost less accumulaied depreciaiion and any accumulated impainnent low. All c05rs incurred (o bring a tangible fixed asset into irs intended working condition should be included in the measurement of c05t. Depreciauon is charged so as to allocate the cost of w¥ible fixed assets less their residual value over their esuma*d usefu] lives. Depreciarion is provided on Ihe followin8 base&. Freehold properry - nor depreciated Long tem leasehold property . ILKJ years Fixtures and Fittin8S - 10 years Office Equipment - 10 years Motor Vehick - 5 years 1.7 Del Trade and other debtors are reeo8ni8ed ai the sett]ement amount after any trade discount offered. prepaymen are valued at the amou1 prepaid nei of any irdde discounts due. IJ C43b Atlxnk•ndill]WMI Cash at bank alld in Iwid itidudes cash and short term highly liquid investments with 8 shon matUTiry of three months or less from the date of acquisition or opening or similar accounL 14
tiabilities are recognised when there is an obligation at the Balance Sheet date a8 a result of a past event, it is probable that a transfer of economie benefit will be TequTrred in ttlement, and the amowir of the setdement can estimaied reliably. Liabiliues are recognised at the amount Ihat the ChaTity anricipated ir will pay to settle the debt o¥ the amowit it has received as advallced payments for the SO( or services it rn1 proyide. Provisions are measured at the best e5tim of the amounts Tequired to settle obligallon. Where rhe effect of the (ime is material, the Provision is bwd on the preseni value of those amounts. discounted at the pre-rax discount rnie that reflects the risks specific to the liabili(y. The unwindin8 of the diKount is recognised in the STaEement of Financial Activitie5 as a fll)ance coll. General hJn<b e unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general obj'ectives of the Charity and which have not been designated for other purpxes. Dcsignared funds coznprise unre5rriCted fund8 that have been set aside by the Tt¢S for particular purposes. The aim and use of each de8i8nated nd is ter ou¢ in the notes to the financial statements. Restricted fvnds are fijnds which are to be u1 in accordance with 8pecific re8rric¢ion$ imposed by the donors or which have been raised by the Charity for particular puryJo8es. The costs of raising and administering such fund$ are charged a8ain8t Ihe specific fund. The aim and use of each r(stricted fund is get oui in the noies io Ihe financial statements. Envestmeni income. gains and l&wes are allted to thc appropriate fund. 15
Cllrrett Ye Currett ye4T cre1 •T Prbr Ye UnrertTletèd R••¢zirted Tot•1 Flln& TL¥t•l 2022 2022 2022 2021 317JA8 io.fAN) 2T.868 201.563 Totsl doNtlots r•l slft• froT 317J68 10.000 52T.808 204.563 CDrre4t yeaT Curr¢NI yeRT CDrr¢tst UArtiirfi¢ied le•trict¢d Totil Pundi F•Dd• Prlor YEIt Tot1 2022 2022 2022 2021 25,101 Toul from orhr •rtlvl¢l¢¥ 25.101 Dlr¢ct Spejdkni rreDt y•thi Ctyrront yeAr Cwrrent y¢Ar Prtor YÈAt UttrEiirlt¢•a AtrIcted Toiil Fujdi Toill Fulldi FllDdi CDrzeAt Year 2022 2022 2022 2021 GrosTw38daYKI s•hrs- chBritab arrtvits Emph)yeT5' Nl - Charitabk acti%i TravclRnd Sllbsience. (JJ•r**bk Attiviues vlonourn tk¥natMTrTL%to Other 04T] Charilab activitEs I4,7() 44.700 16.257 2.855 526 4616 4.616 1.245 9.499 9.499 4.7¢XI 46.622 9.767 6.818 41,681 i.ooi 12.880 10.(K Med4 wvice5 15558 J5.558 Totsl dirert oendi 119.909 io.{k)o 129.909 90.175 16
Support eofflo for ¢h•rxable acrlvlti CuTteftt yw CuTr¢Bi yt•r Current yrlr Prlor Ye•r UATeitri¢tpd RE#tricted Total Fund• Total Fllllds 2022 2022 2022 2021 Employee co•r¥notAaethdedill direct eo Trainingand we]fare. Aaff 50 1.090 950 Rent p&yab]e under operatir%k2 Ra¢e5and waRr charge5 L¢ hearand pow CkRwn8 waxe manwment 15&196 154.196 1,297 4.458 2.388 138.498 3.131 4,996 3,024 Adjllilllthtlve overbed• .1 ekphon¢. fax aTrl ti)tern statrtery and printing Memb¢rthtp quipment expe ftware ]KencesaxKI expe1¥ Adveritsn8 and m•rk¢ix liabilty and c0nietttsinrae ndry expens EquipmenLrepaiT4exp•wAnd maiNen¥nee lrtwrance 3.061 62 4.023 418 862 50 168 1.200 3,212 480 213 213 788 1.231 850 ZY)7 2.797 Pfe•1euP4H to •dvknJ¥ 0£&erth the •uditor or¢zuiJn Accounraw fEe8other th e3aminaEion Dr audx fee5 QInneY fees Te£hnKal¢os Secur¢y coS 350 1.016 4.222 2.400 2.000 2,654 3.893 B¥nk cbargts Hire Purchse intereat tpreciat¥in & AMon1n in wtal for 1.162 76 1,162 876 9.809 779 474 12.182 Tot41 •Jpport co*- CuzTellt Year 194.380 194.380 184,658 17
Totsl iJxtithble experthe Cwr¢Ai ye•r yEt CuTreTrt •r PriDr Ye¢ Uttre¥tricttd Rejtricted Totl Fuodi Totil Fttnd8 FaD4s Fulldi Curretst Year 2022 2022 2022 2021 TotaldireeLyndmg Tordl gJPPOrttoxs ToulGovernuKe coa3 iO.LXN) 129.909 194.380 800 90,175 184,656 800 1943 Totd ¢b•rltable ewuJl¢w 315,089 10.000 325.089 275.638 Toul Nurnbcr ofEmpioyees T&D8lble flx¢d •••et• P]•tt & Motor MAchinery Vel&Je# Ye•r Total Cost At l Apnl 2021 AddiriD 119.097 21.152 7.635 126,732 21,152 At 31 Maycb 2022 Depr¢cl•iion Ai l AP1 202 1 CIBr8o for year 81.211 8.282 1,527 1.527 82.738 9.809 At 31 March 2022 Net book value At 31 March 2022 50.756 4.581 55,337 At 31 March 2021 2022 2021 Ott*r debto 23.000 21.742 CTrditon: falliDg alle within oty year 2022 2021 (kIr creditots 18,000 15,600 18
Cweditorl: falliD8 due after one yeAr 2022 2021 Bank ban¥ ard ovedrafts F7rae aSe aTKI HP eoTmcts 50.627 6.251 50,000 6.420 56,878 56.420 io. P•rtul•N of pArtThl•r fufyl• th repre8etted by •88et8 libfjit*8 At 31 MArch 2022 Total Fixed Assets CuLTCrn Assets Cert Lsab& Lor8 TcnD itsbkn 55.337 28.928 {18.000) (56,8781 9.387 Ai l ApTa 2021 Total FuTras Fiyod Assets Currert Assets Currert l&bfjties 43.994 35.308 (l5,6C) 7,282 11. There 1$ no Related P3rty transacuon to k disclos 12 There is no post balance sheet event to be diselosed. 19