2021-12-31-accounts

			Page
Legal and administrative information
Report ofthe Trustees			2-6
Report ofthe auditors			7-10
Statement offinancial	activities
Balance sheet			12
Notes to the financial	statements		13-18
Detailed Income and	expenditure	accounts	19-20

Trustees:	Patience Enenmoh	Patience Enenmoh
	Olugbenga	Kunuyi
	Akinwale	Olurebi
Registered office:	65 Church	Street
	Edmonton
	Middlesex
	N9 9PY
Charity number:	1152463
Auditors:	Fairman Harris
	1Landor	Road
	London
	SW99RX
Bankers:	CAF Bank
	HSBC Bank Plc

			Unrestricted	Restricted	2021	2020
			funds	funds	Total	Total
		Notes
INCOMING RESOURCES
~Vl
Donations, tithes and offerings			261,957		261,957	258,526
Other incomin resources
Gift aid receivable			44,902		44,902	33,990
Sundry income			15,000		15,000	20,433
Mission contribution received			11,340		11,340	20,472
Building fund						23,700
Total incoming resources			333,199		333,199	357,121
RESOURCES EXPENDED
(Costs ofactivities infurtherance	of the
objects ofthe charity)
Direct Charitable activities			123,417		123,417	125,206
Management and Support activities			96,624		96,624	90,128
Governance costs			7,246		7,246	35,597
Finance costs			45,291		45,291	67,197
Total resources expended			272,578		272,578	318,129
Net movement in funds for the	period		60,621		60,621	38,992
Total funds brought forward			1,179,498		1,179,498	232,244
Revaluation reserve						908,262
Total Funds as at31December	2021		1,240,119		1,240,119	1,179,498

			Unrestricted	Restricted	2021
		Notes
FIXEDASSETS
Tangible assets			2,467,817		2,467,817	2,497,701
Current assets
Stock			390		390	585
Debtors and prepayments			169,330		169,330	187,709
Cash at bank and in hand			59,206		59,206	61,310
			228,926		228,926	249,604
Creditors: amounts	falling due
within	one year		(100,794)		(100,794)	(183,168)
Net current assets			128,132		128,132	66,436
Total assets less current liabilities			2+95,948		2+95,948	2+64,137
Creditors: amounts	falling due after
more than one year		10	(1,355,829)		(1,355,829)	(1,384,639)
Net assets			1,240,119		1,240,119	1,179,498
Financed by:
Funds		12	1,240,119		1,240,119	1,179,498
Total funds			1,240,119		1,240,119	1,179,498

Total staff costs during the period	were:
		2021	2020
Salaries and Wages		72,527	54,746
No employee received remuneration	ofmore than E60,000.
The average number ofemployees	during the year

Voluntary income
		2021	2020
Tithes and Offerings		261,957	258,526
Building fund			23,700
Gift Aid		44,902	33,990
Other Income		15,000	20,433
Mission contribution	received	11,340	20,472
		333,199	357,121

		2021	2020
Auditor's	remuneration	3,600	3,600
Accountancy fees		2,160	2,160
Legal and	professional	1,486	29,837
		7,246	35,597

Finance costs
	2021	2020
Bank charges	580	40,568
Mortgage interest	44,711	26,630
	45,291	67,198

		2021	2020
Depreciation		38,824	39,293
Auditors'	remuneration	3,600	3,600

All assets are heldfo	r charitable purpos	es
	Land ik	Fixtures 4	Motor	~Com uter
	buildiilgs	f~ltlin	vetdctes	e~ai ment
Cost
Balances b/f	2,730,076	6,300	15,000	42,433
Valuation/additions				8,940
Balances c/f	2,730,076	6,300	15,000	51,373
Accumulated
Balance b/f	258,337	4,805	11,441	21,525
Charge for the year	24,717	374	890	12,843
Balances c/f	283,054	5,179	12,330	34,369
Net book value
At 31/12/2021	2,447,021	1,121	2,670	17,005

			2021	2020
			Total	Total
Cost
Balances	b/f		2,793,809	1,839,757
Valuation	/additions		8,940	954,052
Disposal
Balances	c/f		2,802,749	2,793,809
Accumulated		de reciation
Balance b/f			296,108	258,848
Charge for the		year	38,824	37,260
Disposal
Balances	c/f		334,932	296,108
Net book	value		2,467,817	2,497,701

8.	Debtors	2021	2020
	Prepayments and accrued income	10,500	13,776
	Other Debtors	158,830	173,933
		169,330	187,709
9.	Creditors due within 1year	2021	2020
	Loans and overdraft	56,020	100,731
	Other creditors and accruals	44,774	82,437
		100,794	183,168
10.	Creditors due after 1year	2021	2020
	Loans and overdraft	1,355,829	1,384,639

		Balances at	Movement	in Resources	Balances at
		01/01/2021	~lnconnn	O~nc oin	31/12/2021
Unrestricted	funds	271,236	333,199	(272,578)	331,857
Revaluation	reserve	908,262			908,262
Restricted funds
		271,236	333,199	(272,578)	1,240,119

Reconciliation	offunds - continued
		2021	2020
Represented	by:
Fixed Assets		2,467,817	2,497,701
Current Assets		228,926	249,604
Liabilities		(1,456,624)	(1,567,807)
		1,240,119	1,179,498

					2021		2020
INCOME
Donations, tithes arul offerings:
			Unrestricted			261,957		258,526
Other income
Gift aid				44,902			33,990
Building fund							23,700
Sundry income				15,000			20,433
Mission contribution			received	11,340			20,472
						71,242		98,595
						333,199		357,121
EXPENDITURE
Direct Charitable		Costs:
Wages and salaries				50,769			38,324
Rates				5,292			13,692
Honorarium				11,088			9,550
Evangelism/outreach			work	3,200			4,963
Welfare support				4,975			9,079
Missions				14,488			24,642
Musician expenses				29,681			21,554
Publicity				570			100
Office/general	administration			3,354			3,302
				123,417			125,206
Management	&Support
Wages				21,758			16,425
Rent and rates							2,416
Premises maintenance				14,081
Insurance				2,795			3,063
Light and heat				13,508			22,856
Telephone				2,835			3,010
				54,977			47,771
Balances carried forward				178,394		333,199	172,977	357,121

			2021		2020
Balances brought forward		178,394		333,199	172,977	357,121
Management &Support	-cont'd
Computer and equipment	expenses	2,430			3,047
Subscription s Motor vehicle expenses		393			456 1,594
Depreciation -Freehold property		24,717			24,967
Depreciation —Fixture &	furnitures	374			498
Depreciation -Motor vehicles		890			1,187
Depreciation - Computer	equipment	12,843			10,608
		41,647			42,357
Governance costs:
Legal &Professional		1,486			29,837
Auditor's remuneration		3,600			3,600
Accountancy fees		2,160			2,160
		7,246			35,597
Finance Costs:
Bank charges		580			40,568
Mortgage interests		44,711			26,630
		45,291			67,197
				272,578		318,129
Surplus for the period				60,621		38,992