| Directors | Directors | Odetola Olugbenga |
Samuel Babatunde | Samuel Babatunde |
|---|---|---|---|---|
| Aboderin Kolawole |
||||
| Evanson John Jeriel | ||||
| Adebowale Olanrewaju |
Taoreed | |||
| Company | number | 06603584 | ||
| Charity | number | 1144260 | ||
| Principal | Address | 287 Fore Street | ||
| Edmonton | ||||
| London | ||||
| N9 OPD | ||||
| Accountants | Kashcom Limited | |||
| (Accountants) | ||||
| 331StAlbans Road | West | |||
| Hatfield | ||||
| AL10 9RN |
| Contents | |||
|---|---|---|---|
| Page | |||
| Information | |||
| Contents | |||
| Trustees Report | |||
| Ind Examiner's | Report | ||
| Statement ofFinancial Activities | |||
| Balance Sheet |
6-7 | ||
| Notes to the Accounts |
8-12 |
| STATEMENT OF FINANCIAL ACTIVITES | STATEMENT OF FINANCIAL ACTIVITES | |||||
|---|---|---|---|---|---|---|
| FOR THE YEAR ENDED 31STMAY 2023 | ||||||
| UNRESTRICTED | RESTRICTED | 2022/23 | 2021/22 | |||
| Note | FUNDS | FUNDS | TOTAL | TOTAL | ||
| E | E | E | I | |||
| INCOMING RESOURCES |
||||||
| Voluntary Income |
1 | 143422.89 | 143422.89 | 152342.81 | ||
| Other Income | ||||||
| Total Incoming Resources |
143422.89 | 143422.89 | 152342.81 | |||
| RESOURCES EXPENDED | ||||||
| Cost ofGenerating Funds |
||||||
| Contracts & Grants | 2 | 21098.03 | 21098.03 | 20992.37 | ||
| Charitable Activities |
3 | 20726.60 | 20726.60 | 4957.48 | ||
| Governance Cost |
4 | 158796.15 | 158796.15 | 171537.71 | ||
| Total Resources Expended | 200620.78 | 200620.78 | 197487.56 | |||
| Net incoming /Outgoing | Expenses | |||||
| Total Fund Brought Forward | -57197.89 | -57197.89 | -45144.747 | |||
| Total Fund Carried Forward |
208542.39 | 208542.39 | 253687.14 | |||
| 151344.51 | 151344.51 | 208542.39 |
| BAlANCE SHEET | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| ASAT 31STMAY 2023 | |||||||||
| UNRESTRICTED | RESTRICTED | 2022/23 | 2021/22 | ||||||
| Notes | FUNDS E |
FUNDS f |
TOTAL f |
TOTAL f |
|||||
| Fixed Asset | |||||||||
| Tangible Fixed Asset |
5 | -38903.94 -38903.94 |
-38903.94 -38903.94 |
-29013.105 -29013.11 |
|||||
| Current Assets | |||||||||
| Debtor | |||||||||
| Bank 8 Cash | 177433.45 | 177433.45 | 43949.59 | ||||||
| 177433.45 | 17743345 | 4394959 | |||||||
| Current Uabilities |
|||||||||
| Creditors: Amount | due | ||||||||
| within One year | 6 | 12815.00 12815.00 |
1281500 12815.00 |
-1185000 -11850.00 |
|||||
| Net current assets | 151344.51 | 151344.51 | 3086.48 | ||||||
| Creditors: Amounts | falling due | ||||||||
| after more than one | year | ||||||||
| Net asset | 151344.51 | 151344.51 | 3086A8 | ||||||
| FUNDS | 151344.51 | 151344.51 | 208542.39 |
| UNRESTRICTED | RESTRICTED | 2022/23 | 2021/22 | ||
|---|---|---|---|---|---|
| FUNDS | FUNDS | TOTAL | TOTAL | ||
| f | f | f | f | ||
| 2Contracts &Grants | |||||
| Gift to Visiting Minister | 2512.00 | 2512.00 | 3767.32 | ||
| Gift &Grant to Individuals | 1726.00 | 1726.00 | 1658.84 | ||
| Area &Central Office | Support | 16860.03 | 16860.03 | 15566.21 | |
| 21098.03 | 21098.03 | 20992.37 | |||
| 3Charitable Activities |
|||||
| Special Programme | 12555.41 | 12555.41 | 240.00 | ||
| Evangelism &.5School |
2394.19 | 2394.19 | 937.48 | ||
| Conferences &Seminars |
5777.00 | 5777.00 | 3780.00 | ||
| 20726.60 | 20726.60 | 4957.48 | |||
| 4Governance Cost |
|||||
| Salary &.Wages | 46792.05 | 4P/92.05 | 25689.12 | ||
| Rent &Rates | 0.00 | 135.20 | |||
| Repairs / Maintenance | 27370.56 | 27370.56 | 30882.74 | ||
| Telephone | 253.80 | 253.80 | 700.97 | ||
| Heating lk Lighting |
3812.83 | 3812.83 | 3995.95 | ||
| Travelling Expenses |
19570.00 | 19570.00 | 3850.00 | ||
| Petty Cash | 0.00 | 497.62 | |||
| Printing &Stationery | 140.40 | 140.40 | 229.73 | ||
| Refreshments | 3223.00 | 3223.00 | 3516.71 | ||
| Accountancy Fees |
4677.00 | 4677.00 | 3000.00 | ||
| Legal &Professional | Fees | 2601.72 | 2601.72 | 2082.12 | |
| Consultancy Fees |
0.00 | 23850.00 | |||
| Insurance | 987.66 | 987.66 | 1209.04 | ||
| Sank Charges | 840.68 | 840.68 | 726.28 | ||
| Computer Expenses |
1733.00 | 1733.00 | 23850.00 | ||
| Training | 1556.00 | 1556.00 | 3626.00 | ||
| Cleaning Expenses | 3840.00 | 3840.00 | 4160.00 | ||
| Sundry Expenses | 2320.42 | 2320.42 | 3274.61 | ||
| Depreciation | 39077.03 | 39077.03 | 31261.62 | ||
| Charities | 5000.00 | ||||
| 158796.15 | 158796.15 | 171537.71 |
| 5 FIXEDASSET | Leasehold | Land 8 | Motor | Other | 2022/2023 | 2022/2023 | ||
|---|---|---|---|---|---|---|---|---|
| Building | Vehicle | Equipment | Tota | I | ||||
| Fixed Asset Shedule | F. | E | 6 | E | ||||
| At 1stJun 2022 | 36954 | 35473 | 65304 | 137731 | ||||
| Additions during the |
year | 18750 | 18750 | |||||
| At 31May 2023 | 36954 | 54223 | 65304 | 156481 | ||||
| Depreciation | ||||||||
| At 1stJun 2022 | 8057 | 64490 | 83762 | 156308 | ||||
| Charge for the year | 2014 | 16122 | 20940 | 39077 | ||||
| 10071 | 80612 | 104702 | 195385 | |||||
| Net Book Value | ||||||||
| Disposal | ||||||||
| At 31May 2023 | 26883 | -26389 | -39398 | -38904 | ||||
| At 31May 2022 | 28897 | -29017 | -18458 | -18577 | ||||
| 6Current Uabilities |
2022/23 | 2021/22 | ||||||
| E | E | |||||||
| Accruals | 1500 | 1150 | ||||||
| Other taxes and social securities | 2315 | 600 | ||||||
| Other creditors | 9000 | 7500 | ||||||
| 12815 | 9250 | |||||||
| 1.independent | Examiner's | remuneration | 2023 | 2022 | ||||
| f | f | |||||||
| Fee payable the Charity's | Independent | Examiner | 400 | 400 | ||||
| 2.Staff Cost | 2023 | 2022 | ||||||
| f | f | |||||||
| Pastor Ayo Ajiboye | 23,400 | 0.00 | ||||||
| Ruth Ajiboye —Office Admin Manager | 23,092 | 25,689 | ||||||
| (Ruth Ajiboye isthe wife ofthe Pastor) | ||||||||
| Pension | 2,601 | 2,601 |