EVANGELICAL GLOBAL OUTREACH CHURCH
Financial Statement for the Year Ended
31 December 2024
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 2024
| 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 £ 14,451 - 14,451 14,451 9,769 3,453 720 - 13,941 510 - 510 32,208 32,718 |
Restricted Funds £ - - - - - - - - - - - - - |
Endowment Funds £ - - - - - - - - - - - - - |
Total Funds Total Funds 2024 2023 £ £ 14,451 14,325 - - 14,451 14,325 14,451 14,325 9,769 8,450 3,453 5,426 720 151 - - 13,941 14,027 510 298 - - 510 298 32,208 31,910 32,718 32,208 |
|---|---|---|---|---|
Evangelical Global Outreach Church Charity Reg No 1177452
Evangelical Global Outreach Church Balance Sheet As at 31 December 2024
| 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 £ - - - 32,718 32,718 - 32,718 32,718 32,718 32,718 32,718 |
Restricted Funds £ - - - - - - - - - - - |
Endowment Funds £ - - - - - - - - - - - |
Total Funds Total Funds 2024 2023 £ £ - - - - - - 32,718 32,208 32,718 32,208 - - 32,718 32,208 32,718 32,208 32,718 32,208 32,718 32,208 32,718 32,208 |
|---|---|---|---|---|
The Financial statements were approved by the Board of Directors on 5th February 2025 and were signed on its behalf by:
.............................................
G. O Bakare Trustee
Evangelical Global Outreach Church Charity Reg No 1177452
1 INCOME AND ENDOWMENTS FROM:
| Unrestricted | Restricted | **Endowment ** | **Total Funds ** | Total Funds | ||
|---|---|---|---|---|---|---|
| Funds | Funds | Funds | 2024 | 2023 | ||
| Donations and Legacies | £ | £ | £ | £ | £ | |
| Congregational collections | ||||||
| and giving | 11,870 | - | - | 11,870 | 12,234 | |
| Tax recoverable under Gift Aid | 2,580 | - | - | 2,580 | 2,090 | |
| ` | ||||||
| 14,451 | - | - | 14,451 | 14,325 | ||
| Other Income | ||||||
| Other Income | - | - | - | - | - | |
| - | - | - | - | - | ||
| Total Income | 14,451 | - | - | 14,451 | 14,325 |
Evangelical Global Outreach Church Charity Reg No 1177452
2-5 EXPENDITURE ON
| EXPENDITURE ON | ||||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total Funds | Total Funds | ||
| Fund | Funds | Funds | 2024 | 2023 | ||
| Ministry | £ | £ | £ | £ | £ | |
| Clergy expenses | 800 | - | - | 800 | 474 | |
| Cost of Services | 8,969 | - | - | 8,969 | 7,976 | |
| 9,769 | - | - | 9,769 | 8,450 | ||
| Education and outreach | ||||||
| Educational activities | 2,357 | - | - | 2,357 | 3,248 | |
| Charitable and other giving | 1,096 | - | - | 1,096 | 2,177 | |
| 3,453 | - | - | 3,453 | 5,426 | ||
| Community, parish and | ||||||
| congregation | 720 | - | 720 | 151 | ||
| Other expenditure | ||||||
| Other items | - | - | - | - | - | |
| - | - | - | - | - | ||
| Total | 13,941 | - | - | 13,941 | 14,027 |
Evangelical Global Outreach Church Charity Reg No 1177452