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## 

|||Notes|2023|2022|
|---|---|---|---|---|
|Incoming resources|||44,826|48,230|
|Gift Aid recovery||||12391|
||||44,826|60,621|
|Direct charitable expenses|||~22 174|~22440|
|Gross Incoming Resources|||22,652|38,181|
|Administmtive<br>expenses|||{14,024)|(21,050)|
|Other operating income|||||
||||8,628|17,131|
|Exceptional items:|||||
|Profit on disposal oftangible fixed assets|||||
|Profit on the disposal ofinvestments|||||
|Income Irom investments|||||
|Interest receivable|||942|24|
|Interest payable|||||
|Net incoming resources|||9,570|17,155|
|Tax on profit on ordinary|activities||||
|Net incoming resources|||9,570|17,155|





## 

|||Notes|Notes|2023||2022|
|---|---|---|---|---|---|---|
|Fixed Assets|||||||
|Tangible assets||||8,961||11,040|
|||||8,961||11,040|
|Current assets|||||||
|Debtors||||2P32|2,114||
|Cash atbank and in|hand|||126,974|115,403||
|||||129,206|117,517||
|Creditors: amounts|falling due||||||
|within one year|||6|(500)|(500)||
|Net current assets||||128,706||117,017|
|Total assets less current||liabilities||137,667||128,057|
|Creditors: amounts|falling due||||||
|after more than one|year||7||||
|Net assets||||137,667||128,057|
|Accumulated<br>Funds|||||||
|income and expenditure||account|8|137,667||128,057|
|||||137,667||128,057|





## 

## 

|2.|Incoming resources|||
|---|---|---|---|
|||2023|2022|
||Planned Giving: Donations, Tithes|47,066|50,990|
||Taxrecovered Gift Aid||12391|
||Depreciation ofowned fixed assets|47,066<br>2,240|63,381<br>2,760|
|||44 826|60621|
|||2023|2022|
|3.|Taxation|||
||UK corporation tax|||
|4.|Tangible Fixed Assets|Equipment|Total|
||Cost|||
||At I August 2022|23,916|23,916|
||Additions|161|161|
||At 31July 2023|24,077|24,077|
||Depreciation|||
||At I August<br>2022|12,876|12,876|
||Charge for the year|2,240|2,240|
||At 31July 2023|15,116|15,116|
||Net book value|||
||At 31July 2023|8,961|8,961|
||At 31July 2022|11,040|11,040|





||Ultimate Power Assembly|Ultimate Power Assembly|||
|---|---|---|---|---|
|Notes tothe|Accounts forthe year ended 31||July 2023(Cont.)||
|5.Debtors|||2023|2022|
|Other Debtors|||2232|2 114|
|6.Creditors: amounts|falling|due within one year|2023|2022|
|Corporation Tax<br>Other creditors|||500|500|
||||500|500|
|7.Creditors: amounts|falling|due after one year|2023|2022|
|Other creditors|||||
|8.Income and expenditure||account (summary)|2023||
|At 1August 2022|||128,097||
|Prior year adjustments|||||
|At 1August 2022|||128,097||
|Profit for the year|||9,570||
|At 31July 2023|||137,667||





|Net Income forthe Year|9,570|
|---|---|
|Add: Depreciation|2240|
||11,810|
|Less: Capital Allowances|2 106|
|Add: Net Income B/fwd|9,704|



||Capital Allowances|Computation||
|---|---|---|---|
|||General Pool|Claim|
|B/fwd||11,537||
|Additions||161||
|||11,698||
|W.D.A. 18%||2,106|2,106|
|W.D.V c/fwd||9,592||





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||||
|---|---|---|
|Trustees Name||Office|
|Mr David Solomon|Igimah|chairperson|
|Mrs Onengiyeofori|Fyn-Sydney|secretary|



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