## ## ||||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||||||