Reglstered Charity Number
1171235
GOLDEN VALE ADVICE NEfwoRK
Report and Accounts
31 March 2021

GOLDEN VALE ADVICE NETWORK
Report and Accounts
Contents
Pag•
Legal and Admlnlstratlve Irfft*rn)atlon
Trustees, Report
Statement of Finanoal Artivrtfies
Balance Sheet
Notes to the ￿nandal Statements
(Incluslve of detalled Income & expendlture)

GOLDEN VALE ADVICE NETWORK
Accounts for the ywr ended 31 Marth 2021
Legal •nd admlnlstrauve detslls
Ch•lrm•n:
Mr Dennls Ekagha
Trusteu:
Mr Israel Oyebamiji
Mr Glen Washlngton
Bank•r•:
METRO BANK
One Southampton Row
London
WCIB SHA
Reglstsred Offlce:
292A Sangley Road
London e16 2AA
SE6 2JT
Charlty Numbor.
1171235

GOLDEN VALE ADVICE NEfwoRK
Report of Th¢ Trustees
for the ywr ended 31 Marth 2021
The Trustees present their report and the financial statements for the year ended 31 March 2021.
The financial statements have been prepared In accordance with the Statement of Recommended
Practi￿ (SORP 2005) and applicable law.
srRUCTURE. GOVERf4ANCE AND MANAGEMEKr
Qovemlng document
Golden Vale Advlce Network Is governed by 4n Approved Govemlng Document whl¢h st•tes that
the principal purpose of the charity is stated as follows..
l. The prevention or relief of poverty in ￿0mleY and the surrounding Jrea, by provlding Items
and seNl¢es tts Indlviduals in need.
2.To further or benefit the residents of Bromley and the neighl)ourhood, without distinction of
sex, sexual orientation, race or of political, ￿ligIOuS or other opinions by associating together the
said resldents and the local authorities. volurttary and other organlsations In a common effort to
dvance education and to provide facilities in the interests of sodal welfare for ￿CreatIOn and
leisure time ¢xcupation wrth the objective of improving the conditions of life for the residents.
3. Such other charitable purposes for the publlc benefft. of persons Ilving In 8romley and the
surroLbndlng area, as are excluslvely charftable accordlng to the laws of England and Wales as the
trustees may from tlme to time detennlne.
Orqanlutlonal structur•
The charity Is oryanised such that the day to day runnlng of the charfty has been delegated to
the pastor. The Trustees are consulted on all materlal Issues and determlne the 5trateglc
dlrectlon of the charlty. Trustees meet four tlmes In a year and as and when requlred to revlew
the operatlons of the charlty.
R•crultm•nt •nd •ppolntm¢nt ot new truAt•••
The management of the charity 15 the resp)nslbllity of the trustees who are elected and co-opted
under the terms of the trust deed.
Pollcles adopted for the Inductlon and tralnlng of trustees
The induction process for any newly appointed rnember of the trustees ujmprfses an Inltlal
meetlng wlth the chairman and other trustees. followed by a series of short meetSngs wlth the
chairman on the powers and re5ponybiltties of the tnjstees.
New Trustees are given an understanding of the charity's objertlves and the requlrements of the
Chartty Commlsslon. They are also encouraged to attend appropriate extemal training events
where these wlll facllltste the understandlng of thelr role. Charfty Comm155ion bulletinsl updates
Is also forwarded to Trustees as and when issued.
Ri•k management
The trustees have a duty to Identify and review the risks to whlch the charfty Is exposed and to
ensure appropriate control. The trnstees have assessed the major rtsks to whlch the chartty Is
exposed. In particular those related to the operations and finances of the thadty, and are
satisfied that systems are in place to mltfigate our exposure to the major rlsks and to provide
reasonable assurance against fraud and error.

GOLDEN VALE ADVICE NEfwoRK
Report of The Trustees
for the year ended 31 March 2021
OBJEcfivES AND ACTIVITIES
To ensure that the charltable objects as detailed in the governing document are carrled out to the
letter wlthout distinction of sex, ra¢e. age and polltlcal and rellglous opinion.
Each year our trustees revlew our objertives and artlvities to ensure they contlnue to reflect our
aims. In carrying out thls review the trustees have considered the Charity Commlssion'5 general
guidance on public.
The trustees are responsible for preparing the Report of the Trustees and the flnanclal
ststements In accordance wlth applicable law and United Kingdom Accountlng Standards Iunlted
Klngdom Genernlly Accepted Accounting Practice).
The law appllcable to char5tles In England and Wales. the Charities Art 2011, Charlty (Accounts
and Reports) Regulations 2008 and the provisions of the trust deed requlre5 the trLtstees to
prepare financlal statements for each financlal year which glve a true and falr vlew of the state of
affalrs of the charity and of the incomlng resources and appllcation of resources, Includlng the
Income and expendlture, of the charity for that period. In preparlng those flnanclal statements.
the trustees are requlred to
Select suStable actountlng policies and then apply them conslstently:
Observe the methods and prlnclples In the Charfty SORP:
Make Judgements and estlmates that are reasonable and prudent.
Prepa￿ the tlnanclal statements on the golng concern basls unless It Is Inapproprfate to
presume that the charity wlll contlnue In bU￿ne$S.
The trustees are responslble for keeplng proper accountlng records whlch dlsclose wlth
asonable accuracy at any tlme the financial positlon of the charity and to enable them to
ensure that the flnanclal statements comply with the Charities Art 2011, the Chadty (Accounts
and Reports) Regulatlons 2008 and the provlslons of the trust deed. They are also responsible for
safeguardlng the assets of the charity and hence for tsking reasonable steps for the preventlon
and detectlon of fraud and other Irregularities.
The trustees are responsible for the malntenance and Integrfty of the chadty and flnanclal
informjtion Included on the charfty'5 webslte. Leglslatlon In the United Klngdom govemlng the
p￿paratIon and dissemlnation of financlal statements may dlffer from leglslatlon In other
Jurlsdlcdons
Thls report w4s approved by the trustees on 8 December 2022 and signed on Its behalf.
Mr Dennis
kagha
Chalman {For The Trustee)

GOLDEN VALE ADVICE NETWORK
statement of Flnancial Activities
for the
ear ended 31 March 2021
2021
Totsl
Unre5trlrted Re5trftted
Pund
Income R￿oUrC
mthes, offerings and thanksglving
Glft Ald
Bulldln9 fund
other Income
12.912
7,025
12.912
7,025
Tot•1 Income Ruourc
R••ourceg Expended
Support costs of actlvltles In
furtherance of the chadty's objects
3,671
3,671
Management & Admlnlstratlon
of Charlty
Total Incom• Exp•nd•d
N•t Incomlngl{outgolng) r•sourc
N•t Mov•m•nt• In Fund•
10,399
10,399
Pund b•l•nc•• b/fwd
Pund• balancu clfwd

GOLDEN VALE ADVICE NETWORK
Balance Sheet
as at 31 March 2021
2021
Current ￿ets
Debtors
Cash at bank and In hand
10,240
11,513
Net Curr•nt A•Mts
11,513
Unre5trlcted Funds
11,513
R•Jtrlcted and Unre•trlrt•d Funds clfwd.
Approved by the Board of Trustees and signed on 31 Ortober 2025.
Mr Dennls Ekagha

GOLDEN VALE ADVICE NETWORK
Note% to the Flnandal St•tements
for the ye•r ended 31 March 2021
l. Accountlng Pollcles
l.l) Accountlng Conventlon
The Financial Statements has been prepared under the historical cost conventlon, In
accordance with applicable UK Accounting Standards and also with the recommendatSons
in the Statement of Recommended Accountln9 Practice (SORP 2005) Accounting and
Reportlng by Chorftles - Issued in March 2005.
The Charity has taken advantage of the exemption of Financial ReporUng Standard No. I
from the requlrements to produce a Cash Flow Ststement on the ground that It quallfies
as a small charity.
1.2) Fund Accountlng
General unrestrfcted funds represent unrestrlcted Sncome, whlch Is expendable at the
discretion of the Trustees In the furthernnce of the obJerts of the th•rity
1.3) Tanglbl¢ flxed ￿Sets
Tanglble flxed assets costlng more than £500 are capitalized and induded at cost Indudlng
any IncldentJl cost
Depreciation is calculated on the flxed Jssets to wrfte off the cost of the assets less thelr
resldual values, In equal Instalments over thelr expected useful economlc Ilves. The
annual rate In use Is 25% per annum.
1.4) Incomlng R••ourc••
Income Is malnly from Tlthes and Offering, 8ulldlng fvnds. Glft Ald, grant and bank Interest
recelved are Included In the finandal ststements when re￿Ived.
1.5) Resource• Expended
All expendlture Is accounted for on an accrual bas15 and has been dasslfied under headlngs
that aggregate all costs related to the category.
1.0) Taxatlon
As a eharlty, the charltable fijnds are exempt from corporation tax but not from VAT.
Irrecoverable VAT is. in accordan￿ with standard accounting prdctlce. Induded In the cost
of those items to which rt relates.

GOLDEN VALE ADVICE NETWORK
Notes to the Accounts
for the year ended 31 Mar¢h 2021
l Debtors
2021
Other debtors
6 Restrlct¢d Funds
2021
At l Aprfl 2020
Net Incoming Fund
10,399
10,399
Transfer to caplt•l redemptlon reserye
At 31 Narth 2021

GOLDEN VALE ADVICE NETWORK
Notes to th• accounts (¢ontlnu¢d)
6 Income and Expenditure Ar￿Unt
for th• y••r •nd•d 31 March 2021
2021
Unt••trlcted ReJtrirt¢d Total
Pund
6.1 INCOMING RESOURCES
Thithes, offering and thènksglvlng
Glft Ald
12,912
7.025
12.912
7,025
Tot•1 lftcomlng Re￿urCeS
OUTGOING RESOURCES
6.2 Support ¢o•ts of •rtlVltI￿ In
furth•ranc• of th• Charlty'• obJa¢t•:
Honorjrfuml Donattons
Volunteer
Tralning expenses
Project activities
p￿ntIng• Postage, ststlonery & glft cards
Church expenses
757
998
757
998
1.916
1.916
6.3 Man•g•m•nt and Admlnl#tr•tlon
of Ch•rlty:
Hall hlrlng costs
Ught & heat
Pastors èxpenses
Insur)nces
Telephone & fax
A¢countan¢y fees
Charity Admin expenses
Profe5slonal charge5
Web De51gn & Publiclty
Central offlce fundSng
Repair5 & Maintenance
Motor Vthlde Expenses
Depreclatlon charge
231
231
1.169
1,169
897
764
i.iii
764
i.iii
1.695
1.695

GOLDEN VALE ADVICE NETWORK
S¢hedul• to the Profit and Loss Account
for the yoar ended 31 March 2021
2021
Sales
Tlthes, offedngs & thanksglvlng
Administrative expenms
Employee costs:
Training expenses
757
757
Premlses costs:
Hall hlrlng c05ts
Insurances
231
General admlnlstrative expense5:
Central office fundln9
Church Expenses
Project actlvltles expenses
Web Deslgn & Publldty
Motor Vehlcle Expenses
I,iii
1,916
998
764
Legal and professlonal costs:
Accountancy fees
897
897