## 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