2025-12-31-accounts - Evangelical Global Outreach

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator. This document is also available as Markdown.

EVANGELICAL GLOBAL OUTREACH (EVAGLO) FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2025

CHARITY REGISTRATION NO: 1174112

EVANGELICAL GLOBAL OUTREACH (EVAGLO) FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2025

CONTENTS:	PAGES:
Legal & administratve informaton	2
Report of Trustees	3
Statement of fnancial actvites	4
Balance sheet statement	5
Notes to the fnancial statement	6-10
Income & expenditure statement	11

EVANGELICAL GLOBAL OUTREACH (EVAGLO) ADMINISTRATIVE INFORMATION YEAR ENDED 31 DECEMBER 2025

Committee members: Dr Gideon Bakare (chairperson) Stella Jaiyesimi (Treasurer) Peter Irojah (Secretary) Florence Akanmu (Trustee) Sarah Adeyemo (Trustee) Charity registration number: 1174112 Registered office: 137, Hooper Road London E16 3QD Bankers: HSBC Plc Sort code: 400630 Account number: 53811212.

EVANGELICAL GLOBAL OUTREACH (EVAGLO) MANAGEMENT COMMITTEE REPORT YEAR ENDED 31 DECEMBER 2025

The Management Committee present their annual report and the financial statements of the charity for the year ended 31st December 2025. The committee have adopted the provisions of the Statement of Recommended Practice (SORP) ‘Accounting and reporting by Charities’ issued in March 2005.

STRUCTURE, GOVERNANCE & MANAGEMENT:

Governing Document:

The charity is controlled by its governing document, the charity constitution, and constitutes an unincorporated charity.

RISK MANAGEMENT:

The management committee has a duty to identify and review the risk to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

PRINCIPAL ACTIVITIES : The principal activities of the organisation are:

Advancement of charitable faith
The advancement of Christian living and lifestyle
Education and training, and poverty alleviation locally and overseas
Promotion of Christian living and lifestyle
Supporting and collaborating with other charities
Facilitating community cohesion and provision of social and community services
Promotion of community and family projects.

STATEMENT OF MANAGEMENT COMMITTEE RESPONSIBILITIES

The Management Committee is required to prepare financial statements which give a true and fair view of the state of affairs of the project and of the income and expenditure of the project for that period. In preparing those statements the Management Committee are required to:

select suitable accounting policies and apply them consistently;
make judgements and estimates that are reasonable and prudent;
state whether applicable standards and statement of recommended practice have been followed, subject to any material departures disclosed and explained in the financial statements; and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the project will continue in operation.

The Management Committee are responsible for keeping proper records which disclose with reasonable accuracy at any time the financial position of the project. They are also responsible for safeguarding the assets of the project and hence for taking reasonable steps to prevent and detect fraud and other irregularities.

……………… Dr Gideon Bakare …………………

Dr Gideon Bakare (Chairperson)

EVANGELICAL GLOBAL OUTREACH (EVAGLO) STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 DECEMBER 2025

==> picture [452 x 206] intentionally omitted <==

----- Start of picture text -----
Unrestricted Restricted 2025 2024
INCOMING RESOURCES: funds funds Total Total
£ £ £ £
Donations 10988 0 10988 9403
Total incoming resources 10988 0 10988 9403
0
RESOURCES EXPENDED
Resources expended on Charitable activities 5221 0 5221 3732
Management cost 5739 5739 5537
Finance charge 726 0 726 743
Total resources expended 11686 0 11686 10012
Net incoming resources -698 0 -698 -610
Fund balance brought forward 2377 0 2377 2987
Total fund balance carried forward 1679 0 1679 2377
----- End of picture text -----

None of the charity’s activities are acquired or discounted during the year under review, and there were no recognised gains or losses for 2025 and 2024 other than those included in the statement of financial activities.

EVANGELICAL GLOBAL OUTREACH (EVAGLO) BALANCE SHEET YEAR ENDED 31 DECEMBER 2025

		Unrestricted		Unrestric
		funds		funds
		2025		2024
Fixed Assets:		£		£
Tangible assets		1334		1999

Current Assets:
Cash/Bank balances	345		378
Debtors

Current Liabilities:
Creditors fallingdue within oneyear
		345		378
NET CURRENT ASSETS		1679		2377

Funds:
Unrestricted funds brought forward		2377		2987
Urestricted funds for theyear		-698		-610
TOTAL FUNDS		1679		2377

The financial statements were approved by the Board of Trustees on …… 17[th] January 2026 …………. And were signed on its behalf,

Dr Gideon Bakare (Chairperson)

………… Dr Gideon Bakare ……….

Stella Jaiyesimi (Treasurer)

……… …………. Yemi Jaiyesimi

EVANGELICAL GLOBAL OUTREACH (EVAGLO) NOTES TO THE ACCOUNTS YEAR ENDED 31 DECEMBER 2025

1. ACCOUNTING POLICIES:

Basis of preparation of Financial Statements:

The financial statements are prepared under the historic cost convention and include the results of the charity’s operations which are described in the Management Committees Report and all of which are continuing.

The accounts have been prepared in accordance with the Statements of Recommended Practice for charity accounts.

The charity has taken advantage of the exemption of Financial Reporting Standard No1 from the requirements to produce a cash flow statement on the grounds that it qualifies as a small charity.

Incoming Resources:

Revenue grants are credited to the Statement of Financial Activities on the earlier date of when they are received or when they are receivable, unless they relate to a specific future period, in which case they are included on the Balance Sheet as deferred income to be recognised in the future accounting period.

Grants received for specific purposes are accounted for as restricted funds in the Statement of Financial Activities.

Resources Expended:

All expenditure is accounted for on accrual basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributable to a particular heading, they have been allocated to activities on the basis consistent with the use of resources.

Charitable Activities:

Cost of charitable activities are those costs relating to the activities carried out to meet the objectives of the charity. These include both direct attributable costs and apportioned support costs.

Restricted Funds:

Restricted funds are to be used for specific purposes as laid down by the donor. Expenditure which meets these criteria is identified to the fund, together with a fair allocation of management and support costs.

Unrestricted Funds:

Unrestricted funds are donations and other incomes received or generated for the objects of the organisation without further specified purpose and are available for general funds.

Designated Funds:

Designated funds are unrestricted funds earmarked by the Management Committee for particular purposes.

Capital Equipment – Depreciation:

Depreciation on fixed assets is provided for at 10% on cost in order to write off each asset over its estimated useful life. A register of equipment/furniture is kept by the charity.

EVANGELICAL GLOBAL OUTREACH (EVAGLO) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2025

2. INCOMING RESOURCES:	TOTAL	TOTAL
	2025	2024
VoluntaryIncome:	£	£
Donations	10988	9402
Total incomingresources:	10988	9402

RESOURCES EXPENDED:	£	£
Trustees' renumeration	0	0
3. CHARITABLE ACTIVITIES:
Education training,conferences & seminars	1164	2411
Welfare & annual food bank	2982	2330
Mission support	1075	796
Total charitable cost	5221	5537

Support Cost: Management:
Donations	310	220
Media(Tel,broad band & radio ministry	1200	1300
Insurance	93.42	173
DBS	16	52
Printing,stationer &postages	1378	1401
Familyretreat & entertainment	135	0
Transport,travelling& subsistence	309.18	50
Website subscription	193	275
Bookpublication	1593.6	0
BACP subcription	511	262
	5739.2	3733
Support costs: Finance charges:
Bank charges	61	77
Depreciation charge for theyear	665	665
Total support/management costs	726	742
Total resources expended	11686	10012
Net incomingresources/expenditure	-698	-610

6 . Staff cost:

There were no trustee’s expenses paid for the year ended 31 December 2025 or for the prior year ended 31 December 2024.

EVANGELICAL GLOBAL OUTREACH (EVAGLO) NOTES TO THE FINANCILA STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2025 (CONT’D)

7.

==> picture [290 x 326] intentionally omitted <==

----- Start of picture text -----
FIXED ASSETS:
Tangible fixed assets: £ £
At January 2025 6654
Additions 0
6654
DEPRECIATION:
Opening balance 4655
Charge for the yeay 665
At december 2025 5320
Net book value 2025 1334
Net book value 2024 1999
----- End of picture text -----

8 . CREDITORS:

There were no creditors falling due for the year ended 31 December 2025

==> picture [289 x 367] intentionally omitted <==

----- Start of picture text -----
NET MOVEMENT IN FUNDS:
Movement in funds: 2025 2024
Unrestricted funds: £ £
General funds 10988 9402
Total funds 10988 9402
Net movement in funds, included in the above are as follows:
Incoming Resources Movement
Resources Expenede in funds
General funds 10988 -11686 -698
10988 -11686 -698
General funds for the year -698
Total funds: -698
----- End of picture text -----

INCOME & EXPENDITURE ACCOUNTS

EVANGELICAL GLOBAL OUTREACH (EVAGLO) FOR THE YEAR ENDED 31 DECEMBER 2025

==> picture [385 x 400] intentionally omitted <==

----- Start of picture text -----
INCOMING RESOURCES: TOTAL TOTAL
2025 2024
Voluntary Income: £ £
Donations 10988 9402
otal incoming resources 10988 9402
RESOURCES EXPENDED:
Education training, conferences & seminars 1164 2411
Welfare & annual food bank 2982 2330
Mission support 1075 796
Donations 310 220
Media (Tel, broad band & radio ministry 1200 1300
Insurance 93 173
DBS 16 52
Printing, stationer & postages 1378 1401
Family retreat & entertainment 135 0
Transport, travelling & subsistence 309 50
Website subscription 193 275
Book publication 1594 0
BACP subcription 511 262
Bank charges 61 77
Depreciation charge for the year 665 665
Total resources expended 11686 10012
Net Incoming Resources/Expenditure -698 -610
----- End of picture text -----