2022-12-31-accounts

			Page
Legal and aduunistrative		inforutation
Report ofthe Trustees			2-7
Independent Examiners'		report
Statement ol' 11nancial	activities		10
Balance sheet
Notes to the linancial	statements		12-16

Trustees:	Olutola Bamigboye	Olutola Bamigboye	Olutola Bamigboye
	Olufunmilayo		Adewumi
	Oiuwakayode		Adewumi
	Chuks Oriahi
	Olutayo Oyctan
Registered office:	506 - 510Old		Kent Road
	Bcrmondscy
	London
	SE15BA
Charity number:	1152376
Accountants:	Jash Burton B'Chaucer
	Coleridge Road
	Croydon
	Surrey
	CRO 7BQ
Bankers:	Barclays Bank		Pic
	Wandsworth	2
	Leicester
	LEg7 2BB

			Unrestricted	Restricted	2022	2021
			funtLs	funds	Total	Total
		Notes
INCOMING RESOURCES
~vl a
Donations, tithes	and offerings	2	343,345		343,34S	336,620
Otherincomin resources
Gift aid receivable			38,24S		38,245	68,481
Sundry income			3,696		3,696	22,428
Interest receivable			262		262	12
Total incoming resources			385,548		385,548	427,541
RESOURCES EXPENDED
ICosts tifactivities	infitrtherance	of tlie
objects ofthe charity)
Direct Charitable	activities		206,370		206,370	190,865
Management and	Support activities		118,323		118,323	65,549
Governance costs			34,441		34,441	13,623
Finance costs			1,409		1,409	1,808
Total resources expended			360,543		360,543	27],845
Net movement in	funds for the	period	25,005		25,005	155,696
Total unrestricted	funds brought	forward	282,399		282,399	126,703
Total Funds as at31December		2021	307,404		307,404	282,399

			Unrestricted	Restricted	2022	2021
		Notes			g
FIXEDASSETS
Tangible assets		10	6,834	2,000,000	2,006,834	2,001,536
Current assets
Stock			219		219	132
Debtors and prepayments			6,921		6,921
Cash at bank and in	haud		294,780		294.780	348,351
			301,920		301,920	348,483
Creditors: amounts	falling due
within	onc year	12	(1,350)		(1.350)	(67,620)
Net current assets			300,570		300,570	280,863
Total assets less current liabilities			307,404	7,000,000	2.307,404	2,282,399
Net assets			307,404	2,000,000	2,307.404	2,282,399
Financed by:
Funds		14	307,404	2,000,000	2,307404	2.282,399
Total funds			307,404	2,000,000	2,307.404	2,282,399

Voluntary	income	2022	2021
Tithes and	Offerings	343,345	336,620
Gift Aid		38,245	68,481
Other Income		3,696	22,428
		385,287	427,529

Investment income	Investment income			2022	2021
Deposit account interest included		in voluntaty	income	262	12
Direct Charitable	Costs:			2022	2021
Wages				90,551	122,727
Rent and rates				1,817	2,700
Honorarium				10,675	700
Travel and subsistence				994	561
Welfare support				8,080	9,622
Training				4,151	2,573
Outreach Work				9,721	7,671
Conferences and Meetings				31,836	23,743
Mistdons				2,085	3,217
Publicity				9,909	10,538
Gift and Donations				36,551	6,814
				206,371	190,865

6.	Management		&Support				2022	2021
	Wages						38,190	4,760
	Rent and rates						321	345
	Insurance						14,366	6,364
	Light and Heat						27,043	8,634
	Telephone						4,332	3,458
	Postage and	Stationery					1,139	1.992
	Repairs and	Renewals					14,748	25,313
	Computer and		equipment	expenses			5,978	6,196
	Musicians expenses						7,014	4,324
	Suhscripti&ms						3,483	3,779
	Depreciation	-	Computer	Equipment			1,709	384
							118,322	65,549
7.	Governance	costs
	The governance		costs of	the charity consisted ofthc		following costs:	2022	2021
								K
	Accountancy	fees					1,000	1,000
	Legal and professional						33,441	12,623
							34,441	13,623
8.	Finance costs
							2022	2021
	Bank charges						1,409	1,808
9.	Net incoming	resources
	The net incoming resources				are stated after charging	the following	2022	2021
	costs:
	Depreciation						1,709	384
	Accountancy	fee					1,000	1,000
							2,709	1,384

10.	Tangible fixed assets rt// assess are held for charitable	L d&	C~t	2022	2021
	padposes Cost	d~&&	&n &	g
	Balances b/f	2,000,000	2,340	2,002,340	862
	Additions Balances c/f	2,000,000	7,007 9,347	7,007 2,009,347	7,007 7,869
	Accumulated ~di &
	Balance b/f		804	804	420
	Charge for thc year		1,709	1,709	384
	Balances c/f		2,513	2,513
	Net book value
	At 31/12/2022	2,000,000	6,834	2,006,834	7,065

11
.	Debtors due within 1year	2022	2021
			g
	Other debtors	6,921
		6,921
12,	Creditors due within I year	2022	2021
			g
	Other creditors	350	66,620
	Accruuks	1,000	LO(10
		1,350	67,620

Reconciliat	io	n offunds
			Balances at	Movement	in	Resources/funds	Balances at
			01/01/2022	~incomin		~Outooin	31/12/2022
							f.
Unresttdcted		funds	282,399	385,548		(360,543)	307,404
Restricted	funds		2,000,000
			2,282,399	385,548		(360,543)	2,307,404
						2022	2021
Represented		by:
Fixed Assets						2,006,834	2,001,536
Currem Assets						301,920	348,483
Liabilities						(1,350)	(67,620)
						2,307,404	2,282,399

					2022			2021
INCOME
Donations, tithes	and offerings:
Unrestricted Other income						343,345			336,620
Interest receivable				262			12
Gift aid receivable				38,245			68,481
Mission contributions				250			17,238
Sunchy income				3,446		42,203	5,190		90,921
						385.548			427,541
EXPENDITURE
Direct Charitable	Costs:
Wages				90,551			89.241
Rent and rates				1,817			2,700
Honorarium				10,675			700
Travel and subsistcncc				994			561
Welfare suppon				8,080			9,622
Training				4,151			2,573
Outreach and evangelism		work		9,721			7,671
Conferences, meetings &contributions				31,836			23,743
Missions				2,085			3,217
Publicity				9,909			10,538
Gift and Donations				36,551			6,814
Management i' Support				206,370			157,379
Wages				38,190			38,246
Rent and rates				321			345
Insurance				14,366			6,364
Light aud Heat				27,043			8,634
Telephone				4,332			3,458
Postage and Stationery				1,139			1,992
Repairs and Renewals				14,748			25.313
Computer &other	equipment		expenses	5,978			6,196
Musicians expenses				7,014			4,324
Subscriptions				3,483			3,779
Depreciation - Computer Equipment				1,709			384
				118,323			99,035
Governance costs:
Legal &Professional				33,441			12,823
Accountancy fees				1,000
				34,441			13,623
Finance Costs:
Bank charges				1,409			1,808
				1,409			1,808
						360,543			271,845
Surplus for the period						25,005			155.696
				16