Registered Charity Number - 1174986
## **NEW COVENANT CHURCH LEWISHAM CIO**
TRUSTEES REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED
## **31 December 2021**
1
## **NEW COVENANT CHURCH LEWISHAM CIO**
Annual Trustees Report and Financial Statements
## **LEGAL AND ADMINISTRATIVE INFORMATION**
## **Trustees and Directors:**
ALEXANDER ADEYEMO
DELE AMUSAN OLASUBOMI LADELE
AMINAT ADETOUN ADEFARAKAN
## **Registered office:**
Linscot, London Rd Swanley, Kent BR8 7AQ
## **Charity number:**
1174986
## **Accountants and Independent Examiner:**
Tunde Aikomo 48 Beaumont Road Purley Surrey CR8 2EG
**Bankers:**
NatWest PLC
2
## **NEW COVENANT CHURCH LEWISHAM CIO**
Trustees Report For The Year Ended 31st December, 2021
The trustees present their report with the financial statements of the charity for the year ended 31 December 2021. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in July 2014.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
The trustees work closely with the executive team who were delegated to handle the day to day running of the charity. The trustees hold meetings throughout the year where the executive team are directed to promote the policies, strategies, programmes, and projects geared towards achieving the charitable objectives. The charity also collaborates with the New Covenant Charity 1004343 where our objectives align. This relationship is governed by a ‘Joint Working Agreement between the parties.
## **Risk management**
In January 2020, the world witnessed an unprecedented global pandemic and effects of the COVID-19 pandemic was immense. Coronavirus disease (COVID-19) is an infectious disease caused by the SARS-CoV-2 virus. The operations/activities of the charity were greatly impacted by the governmental guidelines and various opportunities and innovations were embraced. The trustees recognise their duty to identify and review the risks to which the charity is exposed, and appropriate controls and mitigations were put in place to provide reasonable assurance against pandemic, fraud, errors, and health concerns.
## **Objectives and Activities**
The Objectives of the CIO as set out in the governing documents:
- 1) The advancement of Christian Faith in the United Kingdom and abroad for public benefit.
2) The relief of persons who are in conditions of need, hardship, distress or who are sick and aged in the United Kingdom or abroad.
- 3) The relief of Poverty.
## **Principal activities**
The Principal Activities of the CIO are Christian worship and involvement of various ministries and ministers of religion in propagating the Christian Tenets of faith to members (and non-members) who seek to learn and develop an understanding of the Gospel through the various meetings provided by the Charity. There is also an extension of the Christian Faith through other direct Community Outreach Programmes.
3
## **Charitable activities**
The Board of Trustees are pleased to report as follows:
## **PUBLIC BENEFIT**
## **The Advancement of Christian Faith**
The trustees of the CIO having due regard for reporting the public benefit provided by the charity in line with the Charities Act 2011, are pleased to report that the church is involved with many community focus outreach programmes and project providing direct benefits for the public in the United Kingdom.
## **Places of worship**
The provision and places of Christian Worship are important functions of the Charity's activities which provides members of the public with the ongoing opportunity to attend worship services on a regular basis thereby enabling them to grow and develop in the Christian faith, teachings and principles.
We have continued the practice of having all worship activities and meetings virtually via zoom and only meet physically in joint worship with another New Covenant Church or periodically in a park when the weather permits. This includes all worship services, teaching sessions and prayer meetings, ‘Illuminate’ provides biblical teachings on Wednesdays evenings and ‘Shalom’ – a night of ministry on 1st Friday of every month. ‘Morning Glow’ provided an opportunity for the church to meet daily for a 15 mins devotional service. These progressive strategies contributed to increase commitment to advancing the gospel, propagate church growth, attendance and commitment to the Christian faith, teachings, and principles.
## **Children & Teen Ministry**
The Children & Teen ministry held monthly virtual services throughout the year on 2[nd] Sundays for children based on the age classification. A variety of delivery tools including teaching, music, drama, and dance sessions were used. The focus is to bring biblical truth into their day-to-day consciousness and impact biblical values.
Children Sunday and Teen Sunday are days set aside which gave the children and teens the opportunity to lead the main service on a Sunday which they do with confidence, demonstrating knowledge and understanding of Bible teachings and principles.
The teens are being mentored into leadership roles through opportunities to serve in various departments of the charity
## **Covenant Men, Covenant Women & Covenant Culture Outreach Ministries**
The Youth Fellowship met physically in homes every week on Mondays while the other ministries met virtually on zoom on a monthly basis (1[st] Sundays) for fellowship and encouragement to develop their personal relationship with and to further enable individual to build strong Christian families, church and communities which then inevitably impacts on building a strong Christian nation.
4
These ministries provided advice and support on social issues, family, career, and personal and spiritual issues.
## **Evangelism**
A global family conference themed – _‘There is a sound from Heaven’_ aimed at knowing what God is saying to the churches was held 2[nd] – 4[th] July 2021, Other evangelism and outreach strategies of the church was limited to monthly outdoor services with social distancing during the summer months based on government guidelines. These services were held at the College Park, Bromley.
## **RELIEF OF PERSONS IN CONDITIONS OF NEED HARDSHIP, DISTRESS, SICK OR AGED**
## **Providing for the Elderly, Sick and Aged**
In line with the Charity’s objective to provide relief to persons who are in conditions of need, hardship, distress, sick or aged, The Charity support various COVID support initiatives including support those on mandatory isolations. We help with their support and food delivery
## **Pastoral Care & Bereavement Support.**
The Charity provided care and counselling to bereaved families who have lost loved ones especially during the pandemic. The charity additionally provided financial help to bereaved families to assist them in such times of difficulties. It provides ongoing pastoral care to beneficiaries (in and out of the church) according to their needs.
## **RELIEF OF POVERTY AND HARDSHIP**
## **Food Bank**
This service was suspended in line with COVID restrictions
## **Community Breakfast Morning Outreach - Bromley**
This service was suspended in line with COVID restrictions
## **VOLUNTEERING**
The charity's volunteers provided an invaluable contribution in various areas of service provision, development, and implementation of the church's vision. We provide a volunteers' training programme that caters for their welfare, spiritual and socio-economic developmental needs
## **RESERVE POLICY**
The Charity maintains unrestricted funds, which are the free reserves of the charity, at a level that is at least twelve months of committed expenditure, excluding financing and other costs. Excess
5
unrestricted funds, to the extent represented by liquid assets, will be used to meet recurrent operational costs, except where the Trustees consider that the funds should be retained for possible future projects.
## **INVESTMENT POLICY**
The Trustees have the power to invest in such assets as they deem fit. The charity's investment policy is appropriate to the nature of the funds for which the investment is held. The primary investment aim is to provide a high degree of security and liquidity and to maximise returns whilst adopting a conservative approach.
## **GRANT-MAKING POLICY**
The Charity does not provide grants and therefore do not have a policy on grant-making. The Trustees, however, give gifts and donations as an effective means of delivering support and assistance to other programmes that fit within the objectives of the Charity.
Under the 'Joint Working Agreement’ (see Related Party Relationships above), New Covenant Church Lewisham CIO has agreed to make a regular proportional contribution to Global Promotion of the Christian Faith via New Covenant Church UK (1004343). Additionally, the charity supports missionary organisation such as Global Mission, Liberty, etc. The charity also provides support to members of the church congregation who are in need.
## **FINANCIAL REVIEW**
The book values of the assets held at the yearend are, in the opinion of the Board of Trustees, as stated in the financial statements. Also, in its opinion, adequate assets are available to fulfil the obligations of the charity. The assets were largely in respect of savings in anticipation of future projects.
A summary of the result of the Charity’s activities during the period is given in the Statement of Financial Activities.
## **By Order of the Board of Trustees**
## **OLASUBOMI LADELE**
## **Trustee**
**Date: 23rd...Day of. ...October....2022**
6
## **New Covenant Church – Lewisham CIO 1174986**
## **Report of the Independent Accountant to the Trustees of the charity on the accounts for the period ended 31 December 2021**
Our responsibility as an independent examiner is to look at the charity’s records for the period being examined and to give an informed opinion, based on the records, about whether we have found any evidence to suggest that the accounts have not been kept properly, or that the figures being presented by the Treasurer do not tally with the records that have been kept.
Our responsibility is to prepare accounts upon the basis of the information supplied to us, without conducting any formal scrutiny. We have therefore reported on the financial statements of New Covenant Church, Lewisham CIO for the period ended 31 December 2021 as set out on pages 1- 11 on the Financial report of the charity, which comprise the Statement of Financial Activities, the Income and Expenditure Account, the Balance Sheet, the Cash Flow Statement and the related notes to the financial statements, including a summary of significant accounting policies.
In our opinion, the accompanying financial statements of the charity are prepared, in all material respects, in accordance with charity law applicable within the jurisdiction of England & Wales and the accounts have been prepared in accordance with FRS 102 SORP (Statement of Recommended Practice for Accounting and Reporting by Charities) 2015, (as amended by the Bulletin issued in February 2016), (The SORP), published by the Charity Commission in England & Wales (CCEW), effective January 2016, under the historical cost convention, and in accordance with the accounting policies set out in section 3 of the SORP, which framework constitutes the applicable United Kingdom Generally Accepted Accounting Practice.
## **Respective responsibilities of the directors and the accountant.**
As described in section 1.7 of the SORP, you, the charity's Trustees are responsible for the preparation of the accounts. The Trustees consider that the audit requirement of Section 144(1) of the Charities Act 2011 (the Act) does not apply, and that there is no requirement in the Governing Document for the conducting of an audit. The Trustees also consider the charity to be exempt from the requirement to be subject to Independent Examination.
Our responsibility is to prepare accounts upon the basis of the information supplied to us, without conducting any formal scrutiny.
Therefore on the basis of the information supplied to us we only carried out the following:
• Establish the opening and closing balances of the relevant bank accounts and established that the records that make up the accounts tally with bank records of all outgoings and transactions coming into the accounts.
• We did not check the paperwork supporting income. However, the charity’s main incomes come from tithes and offering collected on their service or meeting days. We spoke to the treasurer and the explanations were satisfactory to conclude the examinations.
• We did not check paperwork supporting expenditure. However we established that at least 2 signatures that are required by their internal control systems showed have been complied with respect to drawing cheques, to make internet payments, and to authorise larger payments by cash. The signatories are currently authorised officers of the charity.
• We checked that individual items were reasonable.
7
## **No Statement of Opinion**
We have not carried out any audit procedures and have relied upon information supplied to us by the Trustees, and the information supplied by the Trustees in the course of the examination is not subjected to audit tests or enquiries, and consequently we do not express an audit or other assurance opinion on the view given by the accounts.
## **Signed**
## **Tunde Aikomo ACMA/CGMA Independent Examiner**
Kingsviews Associates Ltd 48 Beaumont Road Purley Surrey CR8 2EG
8
## **New Covenant Church - Lewisham - Statement of Financial Activities for the year ended 31 December 2021**
## _**Statement of Financial Activities for the year ended 31 December 2021**_
|**Income & Endowments from:**
**Total income**
**Expenditure on:**
**Total expenditure**
Net gains on investments
**Net income for the year**
**Transfers between funds**
**Net income after transfers**
**Other recognised gains/(losses)7**
Net gains on revaluation of fixed assets
Net actuarial gains on defined pension
benefit schemes
Costs of fundamental reorganisation or
restructuring
Extraordinary items
**Net movement in funds**
Raising funds
Charitable activities
Other
Tax on surplus on ordinary activities
Donations & Legacies
Charitable activities
Other trading activities
Investments
Other|**Current year**
**Unrestricted**
**Funds**
**2021**
**£**
**59,232**
59,232
-
-
-
-|**Current year**
**Unrestricted**
**Funds**
**2021**
**£**
**59,232**
59,232
-
-
-
-|**Current year**
**Restricted**
**Funds**
**2021**
**£**|**Current year**
**Restricted**
**Funds**
**2021**
**£**||**Current year**
**Total Funds**
**2021**
**£**
**59,232**
**-**
**30,365**
**-**
**-**
**30,365**
**-**
**28,868**
**-**
**28,868**
**-**
**28,868**
**59,232**
**-**
**-**
**-**
**-**
**-**
**-**
**-**|**Prior Year**
**Total Funds**
**2020**
**£**|**Prior Year**
**Total Funds**
**2020**
**£**|
|---|---|---|---|---|---|---|---|---|
|||59,232
-
-
-
-|-
-
-
-
-|||**59,232**
**-**
**-**
**-**
**-**|54,550
-
-||
||||**-**||||**54,550**||
||||||||||
|||-
30,365
-
-||-
-
-
-||||-
57,769
-
-|
||**30,365**||**-**||||**57,769**||
||-||-||||-||
||**28,868**
-||**-**
-||||**-3,219**
-||
||**28,868**
-
**28,868**
-
-
-||**-**
-
**-**
-
-
-||||**-3,219**
-
**-3,219**
-
-
-||
|||||-
-
-|||||
||||||||||
9
**Reconciliation of funds:Total funds brought forward** - - **-** -
10
**Total funds carried forward**
**28,868 - 28,868 -3,219**
The 'SORP Ref' indicated above is the classification of income set out in the formal SORP documents. As required by paragraph 4.60 of the SORP, the brought forward and carried forward funds above have been agreed to the Balance Sheet.
A separate Statement of Total Recognised Gains and Losses is not required as this statement includes all recognised gains and losses.
All the prior year transactions were unrestricted items, and no further analysis is required
All activities derive from continuing operations
## _**Last year's SOFA - Analysis required by 4.2 of the SORP**_
|**Prior Year**
**Unrestricted**
**Funds**
**2020**
**£**
**0**
**0**
**0**
**Prior Year**
**Restricted**
**Funds**
**2020**
**£**
**Prior Year**
**Total Funds**
**2020**
**£**
**_-_**
**_-_**|**Prior Year**
**Restricted**
**Funds**
**2020**
**£**|**Prior Year**
**Total Funds**
**2020**
**£**
**_-_**
**_-_**|
|---|---|---|
||||
**Income from:**
11
|Donations & Legacies||||-|||||**-**||
|---|---|---|---|---|---|---|---|---|---|---|
|Charitable activities|||54,550
||-||||**54,550**||
|Other trading activities||||-|||||**-**||
|Investments||||-|||||**-**||
|Other||||-|||||**-**||
||||||||||||
|**Total income**||**54,550**||-|54,550||||||
||||||||||||
|**Expenditure on:**|||||||||||
|Raising funds||||-||-|||**-**||
|Charitable activities||||57,769||-|||**57,769**||
|Other||||-||-|||**-**||
|Tax on surplus on ordinary activities||||-||-|||**-**||
||||||||||||
|**Total expenditure**||||**57,769**|||||**57,769**||
12
Net gains on investments
|et gans on nvestments
**Net income for the year**
**Transfers between funds**
**Net income after transfers**
**Other recognised gains/(losses)**
**Net movement in funds**
**Reconciliation of funds:-**
**Total funds brought forward**
**Total funds carried forward**
Net gains on revaluation of fixed assets
Net actuarial gains on defined pension
benefit schemes
Costs of fundamental reorganisation or
restructuring
Extraordinary items|-
-3,219
-|-
-3,219
-|-
-
-|-
-
-||**-**
-3,219
**-**
-3,219
**-**
**-**
**-**
**-**
~~**-**~~
**-**
**-**|**-**
-3,219
**-**
-3,219
**-**
**-**
**-**
**-**
~~**-**~~
**-**
**-**|
|---|---|---|---|---|---|---|---|
||**-3,219**
-||-
-|||||
|||-||-|||**-**|
|||~~-~~
-
-||~~-~~
-
-|||~~**-**~~
**-**
**-**|
||**-**
-||**-**
-|||||
||**-3,219**||**-**|||**-3,219**||
## **All activities derive from continuing operations**
**Statement of Total Recognised Gains and Losses for the year ended 31 December 2021**
**2021 2020 £ £**
13
## **Surplus for the year :-**
|**Surplus for the year :-**|**Surplus for the year :-**|||||||
|---|---|---|---|---|---|---|---|
|Net excess of income over expenditure from operations before tax|||28,868|||(3,219)||
|Realised gains on the disposal of tangible fixed assets||||**-**|||**-**|
|Realised gains on the disposal of intangible fixed assets||||**-**|||**-**|
|Realised gains on the disposal of heritage fixed assets||||**-**|||**-**|
|Realised net Gains Spare heading for realised gains and losses- replace with tex||||**-**|||**-**|
|||||||||
|||||||||
|**_Income from operations before tax in the Statement of Financial Activities_**||**28,868**|**(3,219)**|||||
|Realised gains on the disposal of investments|||-|||-||
|Realised net actuarial gains on defined benefit schemes|||**-**|||**-**||
|Costs of fundamental reorganisation or restructuring|||-|||-||
14
|Extraordinary items
**_Surplus as shown in the Income and Expenditure account 28,868_**
**_Add/(deduct) non income and expenditure items:-_**
**Net Movement in funds before taxation**
Taxation arising in the year
**Funds generated in the year as shown on Statement of Financial Activities**
Gains on the revaluation of tangible fixed assets
Gains on the revaluation of heritage fixed assets
Unrealised gains on investments
Unrealised net actuarial gains on defined benefit schemes
Gift aid payments made
Grants for the acquisition of fixed assets
Actuarial gains|-
**(3,219)**
**-**
-
**28,868**
-
-
-
-
-
-
-
-|-|
|---|---|---|
|||**-**
-
-
-
-
-
-
-
-|
|||-|
|||**(3,219)**|
15
## **Statement of application of resources**
## **New Covenant Church - Lewisham - Resources applied in the year ended 31 December 2021 towards fixed assets for Charity use:-**
|**December 2021 towards fixed assets for Charity use:-**||||
|---|---|---|---|
|**Net resources available to fund charitable activities**
Funds generated in the year as detailed in the SOFA
Resources applied on functional fixed assets
Investment in programme related investments
Resources applied on Intangible assets
Resources applied on Heritage assets|**2021**
**£**
**59,232**
59,232
-
-
-
-|**2020**
**£**||
||||54,550
-
-
-
-|
|||||
|||**54,550**||
## _**Movements in funds**_ **Movements in revenue and capital funds for the year ended 31 December 2021**
## **Revenue accumulated funds**
|**Revenue accumulated funds**|||||
|---|---|---|---|---|
|f
Accumulated funds brought forward
Recognised gains and losses before transfers|**Unrestricted**
**Funds**
**2021**
**£**
-
28,868
**28,868**|**Restricted**
**Funds**
**2021**
**£**
-
-||**Total**
**Funds**
**2021**
**£**
-
28,868|
|||**-**||**28,868**|
|||-
-
-
-|||
|(From)/To unrestricted revenue unds
Net actuarial gains on defined p
schemes
ension benefit
Costs of fundamental reorganisa
restructuring
tion or
Exceptional items|-
-
-
-||-
-
-
-||
||||||
**Closing revenue funds**
**28,868 - 28,868 55,700**
16
## _**Designated funds**_
## **Designated revenue funds included within the unrestricted funds above**
|**Total**
**Funds**
**2021**
**£**||**Last year**
**Total Funds**
**2020**
**£**|
|---|---|---|
17
|At 1 January||-||-|
|---|---|---|---|---|
|Transfer (to)/from revenue accumulated funds||-||-|
||||||
||||||
|**At 31 December**||-||-|
## **At 31 December**
|**_Fixed Asset funds_**|||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|**Fixed asset funds**||**Designated**
**Funds**||||**Restricted**
**Funds**|||||**Total**
**Funds**|||||**Last year**
**Total Funds**|||
|||**2021**||||**2021**|||||**2021**|||||**2020**|||
|||**£**||||**£**|||||**£**|||||**£**|||
||||||||||||||||||||
|At 1 January||||-||||-|||||-||||-||
|Transfer (to)/from revenue funds||||-||||-|||||-||||-||
||||||||||||||||||||
||||||||||||||||||||
|**At 31 December**||||**-**||||**-**|||||**-**||||**-**||
|**_Revaluation Reserve Fund_**|||||||||
|---|---|---|---|---|---|---|---|---|
|**Revaluation Reserve Fund**||**Unrestricted**
**Funds**
**2021**||**Restricted**
**Funds**
**2021**||**Total**
**Funds**
**2021**||**Last year**
**Total Funds**
**2020**|
|||**£**||**£**||**£**||**£**|
||||||-||||
|At 1 January||-|||-||**-**|-|
|Transfer (to)/from revenue funds|||||-||**-**|-|
|Net gains on revaluation of fixed assets||-|||||**-**|-|
|||-|||||||
**-**
**At 31 December**
18
|**_Summary of Funds_**
**Summary of funds**||||**icted**
**Unrestricted Restr**|**icted**
**Unrestricted Restr**|**icted**
**Unrestricted Restr**|**icted**
**Unrestricted Restr**|||||**Total**|||||**Last Year**|**Last Year**|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||**and**||**s**
**Fund**||||||**Funds**||||**Total Funds**|||||
|||||**Designated funds**|||||||||||||||||
|||||**2021**||**020**
**2**||||||**2021**||||||**2020**|||
|||||**£**||||||||**£**||||||**£**|||
|||||||||**£**|||||||||||||
|Share capital and share premium||||-|||||-||||**-**|||||-|||
|Revenue accumulated funds||||28,868|||||-|||**28,868**||||||55,700|||
|Revenue designated funds||||-|||||-||||**-**|||||-|||
|Fixed asset funds||||-|||||-||||**-**|||||-|||
|Revaluation reserve fund||||-|||||-||||**-**|||||-|||
||||||||||||||||||||||
||||||||||||||||||||||
|**Total funds**||||**28,868**|||**-**|||||**28,868**||||||**55,700**|||
19
## _**Income and Expenditure account**_
## **New Covenant Church – Lewisham Income and Expenditure Account for the year ended 31 December 2021 as required by**
|**_Income_**|**59,232**
**59,232**
**2021**
**£**
59,232
-
-
-
-
-
-
**-**
**-**
**-**
**-**
**-**
**22,176**
**-**
**-**
**8,189**
**-**
**-**
-
-
**-**
**-**
**-**
**-**
**-**
**-**|**2021**
**£**|**2021**
**£**|**54,550**
**54,550**
**2020**
**£**
54,550
**-**
-
-
-
-
-
**-**
**-**
**-**
**-**
**-**
**49.442**
**-**
**-**
**8,327**
**-**
**-**
-
-
**-**
**-**
**-**
**-**|
|---|---|---|---|---|
|Income from operations
Realised Gains on the disposal of investments
Realised gains on disposals of social investments which are programme related
Gift aid donations received from subsidiary undertaking|||||
|**Gross income in the year before exceptional items**
Investment income
Income from investments, other than interest receivable
Interest receivable
Other operating income|||||
|**_Exceptional items:_**
Realised gains on disposals of tangible fixed assets held for the charity’s own use
Realised gains on the disposal of intangible assets|||||
|**Gross income in the year including exceptional items**
**_Expenditure_**
Realised net actuarial gains on defined benefit schemes
Realised gains on disposals of heritage assets
Spare heading for realised gains and losses- replace with text|||||
|Charitable expenditure, excluding depreciation and amortisation
Depreciation and amortisation
Fundraising costs
Governance costs
Other expenditure
Interest payable
Realised losses on the disposal of investments
Realised losses on disposals of social investments which are programme related
Realised losses on disposals of tangible fixed assets held for the charity’s own us
Realised losses on the disposal of intangible assets
Realised losses on disposals of heritage assets
Spare heading for realised gains and losses- replace with text|
||||
|Realised net actuarial losses on defined benefit schemes
Costs of fundamental reorganisation or restructuring|||||
||||**-**
**-**||
||||||
20
**Total expenditure in the year**
**30,365 57,769**
**-**
21
|**Extraordinary items**
**Net income before tax in the financial year**
Tax on surplus on ordinary activities
**Net income after tax in the financial year**
Gift Aid donations made
**Retained surplus for the financial year**|**-**
28,868
-
**28,868**
**-**
**28,868**|**-**|
|---|---|---|
|||-3,219
-|
|||**-3,219**
**-**|
|||**-3,219**|
All activities derive from continuing operations
22
## **New Covenant Church - Lewisham - Balance Sheet as at 31 December 2021**
|Notes
**Total fixed assets**
-
**Total current assets**
**Creditors: amounts falling due within**
**one year**
**Net current assets**
**_Net assets_**
Creditors: amounts falling due after more
than one year
Provisions for contingent assets
**_Net assets_**
**Defined benefit pension scheme assets**
**The total net assets of the charity**
**Current assets**
Stocks
Debtors
Investments held as current assets
Cash at bank and in hand
**Fixed assets**
Intangible assets
Tangible assets
Heritage assets
Investments held as fixed assets
Social investments|**3,056**
-
-
69,277|
66,327
-
-
-
-
69,383
**2021**
**£**
-
3,056
-
-
-|**2021**
**£**|3,056
-
-
-
58,650
58,650
(2,950)
55,700
-
-
-
-
-
58,756
**2020**
**£**
-
3,056
-
-
-|**2020**
**£**|
|---|---|---|---|---|---|
||69,277
(2,950)|||||
|||||||
10
## **The total net assets of the charity are funded by the funds of the charity, as follows:-**
||||**-**
**-**
55,506|**-**
**-**
55,506|**-**
**-**
38,830
-|
|---|---|---|---|---|---|
|**There are no unanalysed prior period funds**
**Restricted funds**
Restricted Revenue Funds
Restricted Fixed Asset Funds|-|||||
|||||||
|Restricted Revaluation Reserve|-|||-|-
-|
|**Unrestricted Funds**
**Pension reserve**
**Total charity funds**
Called up share capital
Share premium
Unrestricted Revenue Funds
Unrestricted Revaluation Reserve
**Designated Funds**
Designated Revenue Funds
Designated Fixed Asset Funds||||||
||||||-
16,870
-
58,756
-
-
-
-
-|
|||||||
||-
-|-
13,877|||-
-|
|||-||||
|||-
69,383
-
-
-||||
|||||||
The Trustees acknowledge their responsibilities for complying with the requirements of charity legislation with respect to accounting records and the preparation of accounts.
The charity is subject to Independent Examination under charity legislation, and the report of the Independent Examiner is on page 11.
The Trustees are satisfied that, although the charity is not registered under the Companies Acts, if it were so registered, it would be eligible to prepare accounts in accordance with the provisions in Part 15 of the Companies Act 2006. applicable to companies subject to the small companies’ regime.
## **Approved by the Board of Trustees**
## **OLASUBOMI LADELE**
## **Chair of Board of Trustees**
**Date: 8th...Day of. ...October....2022**