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|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|||
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|||Contents||
|---|---|---|---|
||||Page|
|Information||||
|Contents||||
|Trustees Report||||
|Ind Examiner's|Report|||
|Statement ofFinancial Activities||||
|Balance
Sheet|||6-7|
|Notes
to the Accounts|||8-12|
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|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|
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