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|---|---|---|---|
|Legal and administrative||information||
|Report ofthe Trustees|||2-7|
|Independent
Examiners'||report|8-9|
|Statement offinancial||activities|10|
|Balance sheet||||
|Notes to the financial|statements||12-16|
##
|Trustees:|Olutola Bamigboye|Olutola Bamigboye||
|---|---|---|---|
||Olufunmilayo|Adewumi||
||Oluwakayode|Adewumi||
||Chucks Oriahi|||
||Olutayo Oyetan|||
|Registered office:|506 - 510Old|Kent|Road|
||Bermondsey|||
||London|||
||SE15BA|||
|Charity number:|1152376|||
|Accountants:|Jash Burton B'Chaucer|||
||Coleridge Road|||
||Croydon|||
||Surrey|||
||CRO 7BQ|||
|Bankers:|Natwest Bank|Plc||
||Western Avenue|||
||Waterside,
Chartham||Maritime|
||Kent|||
||ME4 4RT|||
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|||Unrestricted|Restricted|2021|2020|
|---|---|---|---|---|---|
|||funds|funds|Total|Total|
||Notes|f,||||
|INCOMING RESOURCES||||||
|Volunta
income||||||
|Donations,
tithes and offerings||336,620||336,620|27,050|
|Other incomin
resources||||||
|Gift aid receivable||68,481||68,481|7,320|
|Sundry income||22,428||22,428|31|
|Interest receivable||12||12|19|
|Total incoming resources||427,541||427,541|34,420|
|RESOURCES EXPENDED||||||
|(Costs ofactivities infurtherance|of the|||||
|objects ofthe charity)||||||
|Direct Charitable
activities||190,865||190,865|7,557|
|Management
and Support activities||65,549||65,549|5,165|
|Governance
costs||13,623||13,623|1,160|
|Finance costs||1,808||1,808|78|
|Total resources expended||271,845||271,845|13,960|
|Net movement
in funds for the|period|155,696||155,696|20,460|
|Total unrestricted
funds brought|forward|126,702||126,702|106,242|
|Total Funds as at31December|2021|282,398||282,398|126,702|
##
||||gnnre tricted|Restricted|2~21|2020|
|---|---|---|---|---|---|---|
|FIKEDASSETS|||||||
|Tangible assets||ln|1,536|2,000,000|2,001,536||
|Current assets|||||||
|Stock|||131||131|185|
|Debtors and prepayments||||||68,355|
|Cash at bank and in|hand||348,351||348,351|59,461|
||||348,482||348,482|128,000|
|Creditors: amounts|falling due||||||
|within|one year||(67,620)||(67,620)|(1,740)|
|Net current assets|||280,862||280,862|126,260|
|Total assets less current liabilities|||282,398|2,000,000|2,282,398|126,702|
|Net assets|||282,398|2,000,000|2,282,398|126,702|
|Financed by:|||||||
|Funds|||282,398|2,000,000|2,282,398|126,702|
|Total funds|||282,398|2,000,000|2.282,398|!26,702|
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|Voluntary|income|2021|2020|
|---|---|---|---|
|Tithes and|Offerings|336,620|27,050|
|Gift Aid||68,481|7,320|
|Other Income||22,428|31|
|||427,529|34,401|
##
|Investment
income|Investment
income|||2021|2020|
|---|---|---|---|---|---|
|Deposit account interest included||in voluntary|income|12|19|
|Direct Charitable|Costs:|||2021|2020|
|Wages||||122,727|1,330|
|Rent and rates||||2,700|3,315|
|Honorarium||||700|200|
|Travel and subsistence||||561|59|
|Welfare support||||9,622|381|
|Training||||2,573|650|
|Outreach Work||||7,671||
|Conferences
and Meetings||||23,743|1,110|
|Missions||||3,217|312|
|Publicity||||10,538||
|Gift and Donations||||6,814||
|||||190,865|7,557|
|6.|Management 4|Support|||2021|2020|
|---|---|---|---|---|---|---|
||Wages||||4,760|570|
||Rent and rates||||345|585|
||Insurance||||6,364|226|
||Light and Heat||||8,634|256|
||Telephone||||3,458|265|
||Postage and Stationery||||1,992|94|
||Repairs and Renewals||||25,313||
||Computer
and equipment||expenses||6,196|994|
||Musicians
expenses||||4,324|1,903|
||Subscriptions||||3,779|161|
||Depreciation
-Computer||Equipment||384|110|
||||||65,549|5,164|
|7.|Governance
costs||||||
||The governance|costs of|the charity consisted ofthe|following costs:|2021|2020|
||Accountancy
fees||||800|800|
||Legal and professional||||12,823|360|
||||||13,623|1,160|
|8.|Finance costs||||||
||||||2021|2020|
||Bank charges||||1,808|78|
|9.|Net incoming resources||||||
||The net incoming|resources are stated after charging||the following|2021|2020|
||costs:||||||
||Depreciation||||384|110|
||Accountancy
fee||||800|800|
||||||1,184|910|
|10.|Tangible fixed assets||||||
|---|---|---|---|---|---|---|
||All assets are heldfor charitable|Lund &|~Com|uter|2021|2020|
||purposes|b~uildin|equi|ment|||
||Cost||||||
||Balances b/f|||862|862|862|
||Additions|2,000,000||1,479|2,000,000||
||Balances c/f|||2,340|2,000,862|862|
||Accumulated||||||
||de reciation||||||
||Balance b/f|||420|420|310|
||Charge for the year|||384|384|110|
||Balances c/f|||||420|
||Net book value||||||
||At 31/12/2021|2,000,000||1,536|2,000,058|442|
##
##
|||Balances at|Movement|in|Resources/funds|Balances at|
|---|---|---|---|---|---|---|
|||01/01/2021|~incomin||~Oot oin|31/12/2021|
|Unrestricted|funds|126,702|427,541||(271,845)|282,398|
|Restricted funds|||2,000,000|||2,000,000|
|||126,702|2,427,541||(271,845)|2,282,398|
||||||2021|2020|
|Represented|by:||||||
|Fixed Assets|||||2,001,536|442|
|Current Assets|||||348,482|128,000|
|Liabilities|||||(67,620)|(1,740)|
|||15|||2,282,398|126,702|
##
##
||||2021|||2020|
|---|---|---|---|---|---|---|
|INCOME|||||||
|Donations,
tithes and offerings:|||||||
|- Unrestricted||||336,620|||
|Other income|||||||
|Interest receivable|||12||19||
|Gift aid|||68,481||7,320||
|Mission contributions|||17,238||||
|Sundry income|||5,190|90,921|31||
|||||427,541|||
|EXPENDITURE|||||||
|Direct Charitable|Costs:||||||
|Wages|||122,727||1,330||
|Rent and rates|||2,700||3,315||
|Honorarium|||700||200||
|Travel and subsistence|||561||59||
|Welfare support|||9,622||381||
|Training|||2,573||650||
|Outreach
and evangelism||work|7,671||||
|Conferences,
meetings &contributions|||23,743||1,110||
|Missions|||3,217||312||
|Publicity|||10,538||||
|Gift and Donations|||6,814||||
||||190,865||7,557||
|Management
&Support|||||||
|Wages|||4,760||570||
|Rent and rates|||345||585||
|Insurance|||6,364||226||
|Light and Heat|||8,634||256||
|Telephone|||3,458||265||
|Postage and Stationery|||1,992||94||
|Repairs and Renewals|||25,313||||
|Computer
and equipment||expenses|6,196||994||
|Musicians expenses|||4,324||1,903||
|Subscriptions|||3,779||161||
|Depreciation
-Computer||Equipment|384||ill||
||||65,549||5,165||
|Governance costs:|||||||
|Legal &Professional|||12,823||360||
|Accountancy
fees|||800||800||
||||13,623||1,160||
|Finance Costs:|||||||
|Bank charges|||1,808||78||
||||1,808||78||
|||||271,845|||
|Surplus for the period|||17|155,696|||