2020-12-31-accounts

				Page
Legal and administrative		information
Report ofthe Trustees				2-5
Independent Examiners		Report		6-7
Statement offinancial		activities
Balance sheet
Notes to the financial	statements			10-13
Detailed Income and	expenditure		accounts	14-15

Trustees:	Micheal Olaniyi Olaleye
	Ezekiel Olutayo Ojo
	Lawrence Omotoso Farounmbi
	Julie Soyinka-Sonuga
Registered office:	101Hedge Place
	Greenhithe
	Kent
	DA9 9JY
Charity number:	1176316
Accountants:	Jash Burton B'Chaucer
	Coleridge Road
	Croydon
	Surrey
	CRO 7BQ
Bankers:	Barclays bank Plc
	Natwest bank Plc

			Unrestricted	Restricted	2020	2019
			funds	funds	Total	Total
		Notes
INCOMING RESOURCES
Donations, tithes and offerings			836,964		836,964	186,132
Other incomin resources
Gift aid receivable						3,150
Sundry income			1,000		1,000	1,595
Bank interest received			212		212	201
Total incoming resources			838,176		838,176	191,078
RESOURCES EXPENDED
(Costs ofactivities infurtherance	ofthe
objects ofthe charity)
Direct Charitable activities			160,971		160,971	135,863
Management and Support activities			65,030		65,030	28,214
Governance costs			10,499		10,499	1,175
Finance costs			1,855		1,855	487
Total resources expended			238,355		238,355	165,739
Net movement in funds for the	period		599,820		599,820	25,339
Total funds brought forward			144,825		144,825	119,486
Total Funds as at31December	2019		744,645		744,645	144,825

		~erestrietett	Rest~rt		Stl	2020	$019
	Notes
FIXEDASSETS
Tangible assets		1,399,649				1,399,649	22,537
Current assets
Debtors and prepayments		134,194				134,194	57,982
Cash at bank and in hand		25,302				25,302	67,756
		159,497				159,497	125475S
Creditors: amounts	falling due
within	one year	(2,N)0)				(2,000)	(3.450)
Net current assets		157,497				157,497	122,288
Total assets less current liabilities		14$7,14$
Creditors: amounts	falling due after
more than one year		(812,500)				(812,500)
Net assets		744,645		-		744,645	144.025
Financed by:
Funds		744,645				744,645	144,82S
		744,645				744,64S	144,825

Cost/valuation	2%	cost/valuation
Plant and machinery	25%	reducing balance

Total staff costs during the period	were:
		2020	2019
Salaries and Wages		42,171	25,000
No employee received remuneration	ofmore than f60,000.

	2020	2019
Tithes and Offerings	202,744	170,667
Donations	634,220	15,465
Gift Aid		3,150
Other Income	1,000	1,595
	837,964	190,877

							2020	2019
Accountancy	fees						2,000	1,150
Legal and professional							8,499	25
							10,499	1,175
Finance costs
							2020	2019
Bank charges							25	487
Mortgage interest							1,830
							1,855	487
Tangible fixed assets
All assets are	heldfor	charitable purposes
		Land tb	~Cam	utertt	Furniture	ttt	2020	2019
		~buttdtn	~eui	ment			Total	Total
Cost
Balances b/f				50,250	44,912		95,162	84,162
Additions		1,410,000		1,261			1,411,261	11,000
Balances c/f		1,410,000		51,511	44,912		1,506,423	95,162
Accumulated
de reciation
Balance b/f				39,120	33,505		72,625	65,112
Charge for the year		28,200		3,098	2,852		34,150	7,513
Balances c/f		28,200		42,218	36,357		106,774	72,625
Net book value
At 31/12/2020		1,381,800		9,293	8,555		1,399,649	22,537
Debtors
							2020	2019
							g
Other Debtors							134,194	57,982
							134,194	57,982

		Balances at	Movement	in Resources	Balances at
		01/01/2020	~lncomin	~Out oin	31/12/2020
Unrestricted	funds	144,825	838,176	(238,355)	744,645
Restricted funds
		144,825	838,176	(238,355)	744,645
				2020	2019
Represented	by:
Fixed Assets				1,399,649	22,537
Current Assets				159,497	125,738
Liabilities				(814,500)	(3,450)
				744,645	144,825

					2020			2019
INCOME
Donations, tithes and		offerings:
	- Unrestricted					836,964
Other income
Interest receivable				212			201
Gift aid							3,150
Sundry income				1,000			1,595
						1,212
						838,176
EXPENDITURE
Direct Charitable	Costs:
Salaries and wages				29,520			17,500
Rent and rates				26,614			33,533
Honorarium				11,798			7,280
Travel and transportation				1,350			5,761
Evangelism/outreach		work		560			4,870
Welfare support				8,049			644
T181rllng				829			345
Conferences and Meetings				36,769			34,694
Missions				4,028			29,487
Publicity				155			250
Musician expenses				13,800
Gifts and Donations				27,500			1,500
				160,971			135,863
Management &Support
Salaries and wages				12,651			7,500
Rent and rates				4,697			5,918
Insurance				974			1,510
Light and Heat				570			1,100
Telephone				1,540			1,680
Postage and Stationery				1,112			855
Computer and internet		expenses		677			453
Subscriptions				503			720
General administration		expenses		606
Repairs and Renewals				7,550			966
Depreciation - Land and			building	28,200
Depreciation - Equipment				3,098			3,710
Depreciation -Furniture			and fixtures	2,852			3,802
				65,030			28,214
Balances carried forward				226,001		838,176	164,077

			2020			2019
Balances brought forward		226,001		838,176	164,077		191,078
Governance	costs:
Legal &Professional		8,499			25
Accountancy	fees	2,000			1,150
		10,499			1,175
Finance Costs:
Bank charges		25			487
Mortgage interests		1,830
		1,855			487
				238,355			165,739
Surplus for	the year			599,820			25,339

		Unrestricted	Restricted	2020	2019
	Notes
FIXEDASSETS
Tangible assets		1,399,649		1,399,649	22,537
Current assets
Debtors and prepayments		134,194		134,194	57,982
Cash at bank and in hand		25,302		25,302	67,756
		159,497		159,497	125,738
Creditors: amounts	falling due
within	one year	(2,000)		(2,000)	(3,450)
Net current assets		157,497		157,497	122,288
Total assets less current liabilities		1,557,145		1,557,145	144,825
Creditors: amounts	falling due after
more than one year		(812,500)		(812,500)
Net assets		744,645		744,645	144,825
Financed by:
Funds		744,645		744,645	144,825
Total funds		744,645		744,645	144,825