Financial Statement for the Year Ended
31 December 2023
TRUSTEES: G BAKARE O BOLAJI A ONI REGISTERED ADDRESS: 137 HOOPER ROAD LONDON E16 3QD CHARITY NUMBER: 1177452
Evangelical Global Outreach Church Charity Reg No 1177452
Evangelical Global Outreach Church Statement of Financial Activities For the Year Ended 31 December 2023
| Note INCOME AND ENDOWMENTS FROM: Donation and Legacies 1 Other income Total Income Net Incoming Resources available for Mission EXPENDITURE ON: Ministry 2 Education and outreach 3 Community, parish and congregation 4 Other expenditure 5 Total Expenditure NET (OUTGOING)/INCOMING RESOURCES BEFORE INVESTMENT GAINS Net gains on Investment Net income/(expenditure) Reconciliation of funds: Total funds brought forward Total funds Carried Forward |
Unrestricted Funds £ 14,325 - 14,325 14,325 8,450 5,426 151 - 14,027 298 - 298 31,910 32,208 |
Restricted Funds £ - - - - - - - - - - - - - |
Endowment Funds £ - - - - - - - - - - - - - |
Total Funds Total Funds 2023 2022 £ £ 14,325 15,446 - - 14,325 15,446 14,325 15,446 8,450 9,346 5,426 2,875 151 350 - - 14,027 12,571 298 2,875 - - 298 2,875 31,910 29,035 32,208 31,910 |
|---|---|---|---|---|
Evangelical Global Outreach Church Charity Reg No 1177452
Evangelical Global Outreach Church Balance Sheet As at 31 December 2023
| Note Fixed Assets Current Assets Debtors Deposits & Cash Liabilities due within one year Deposits & Cash Net Current Assets Total Asset Less Current Liabilities Net Assets Representing Funds General Fund |
Unrestricted Funds £ - - - 32,208 32,208 - 32,208 32,208 32,208 32,208 32,208 |
Restricted Funds £ - - - - - - - - - - - |
Endowment Funds £ - - - - - - - - - - - |
Total Funds Total Funds 2023 2022 £ £ - - - - - - 32,208 31,910 32,208 31,910 - - 32,208 31,910 32,208 31,910 32,208 31,910 32,208 31,910 32,208 31,910 |
|---|---|---|---|---|
The Financial statements were approved by the Board of Directors on 6th February 2024 and were signed on its behalf by:
Bakare G. O Bakare Trustee
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Evangelical Global Outreach Church Charity Reg No 1177452
1 INCOME AND ENDOWMENTS FROM:
| Unrestricted | Restricted | **Endowment ** | **Total Funds ** | Total Funds | |
|---|---|---|---|---|---|
| Funds | Funds | Funds | 2023 | 2022 | |
| Donations and Legacies | £ | £ | £ | £ | £ |
| Congregational collections | |||||
| and giving | 12,234 | - | - | 12,234 | 12,872 |
| Tax recoverable under Gift Aid | 2,090 | - | - | 2,090 | 2,574 |
| 14,325 | - | - | 14,325 | 15,446 | |
| Other Income | |||||
| Other Income | - | - | - | - | - |
| - | - | - | - | - | |
| Total Income | 14,325 | - | - | 14,325 | 15,446 |
Evangelical Global Outreach Church Charity Reg No 1177452
2-5 EXPENDITURE ON
| EXPENDITURE ON | |||||
|---|---|---|---|---|---|
| Ministry Clergy expenses Cost of Services Education and outreach Educational activities Charitable and other giving Community, parish and congregation Other expenditure Other items Total |
Unrestricted Fund £ 474 7,976 8,450 3,248 2,177 5,426 151 - - 14,027 |
Restricted Funds £ - - - - - - - - - |
Endowment Funds £ - - - - - - - - - - |
Total Funds 2023 £ 474 7,976 8,450 3,248 2,177 5,426 151 - - 14,027 |
Total Funds 2022 £ 984 8,362 |
| 9,346 | |||||
| 1,507 1,368 |
|||||
| 2,875 | |||||
| 350 | |||||
| - | |||||
| - | |||||
| 12,571 |
Evangelical Global Outreach Church Charity Reg No 1177452