## |||Page| |---|---|---| |Legal and administrative
information||| |Report ofthe Trustees||2-6| |Independent
Examiners'
Report||7-8| |Statement offinancial activities||| |Balance sheet||10| |Notes to the financial
statements||11-14| |Detailed Income and expenditure|accounts|15| ## |Trustees|Chibuzor
Onwuaraghi| |---|---| ||Remi Popoola| ||Oluwole Abe| ||Chris Okhueleigbe| ||Kudzaishe
Shodunke| |Registered office:|38-40Kettering Road| ||Northampton| ||NN3 4AH| |Charity number:|118591| |Accountants:|Jash Burton B'Chaucer| ||Coleridge Road| ||Surrey| ||CRO 7BQ| |Bankers:|CAF Bank Plc| ||Natwest Plc| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## Nl.:W L()Vb:NAW'I' (:11[ IRI'.11 IY()R'I'I IANqIYI'()N KI,:IY)R'I' l)li' Tl I I,: 'I'RI i.%Tr,i."% '()R -I"I I b, H l()l) I,:Nl)I.;I) .111 .1 I IN'I,: 21)22 wi%lcrixl C'l)iirili' Nuiiil>L'r I182$1)1 1The lolul funda AS llt 30 Juijc 2022 wo4 £17(W8 mjjoriiy of which reluled io Un￿trICted funds. Rr_sriivE POI.ICY 'I'hL CIMI'ily ii)iiiiilains unrcilriclcd fund8, which arL' Ihtt frce rc8crves of Ihc charity, ai a levcl thal is 41 Ici181 Iivclve nionih% of Lommiiied ¥XPCTI(liiurL', cxcluding finnncing and oihcr ¢osls. Ex¢css Unr&%tricl￿ funds. 10 thc Lxlcnl rcprcscnicd by liquid &%set.s. will bc u￿d to mcct recurrenl OP-faiionnl cosL$, cxeepi where ihc Twslce8 con.qidL'r that ihc fund8 should bc rctained for possiblc ruiure pn)jccls. INVI.STMLKf POLICY 'I"hc'l.ru.%l￿$ havc lh¢ powcr Ii) invcst in such tLsscIN as thcy deem fit. I'hc charily's invcsimcni p)licy ig iippfopridlL lo ihc nalurc ol Ihc fuiids for which Ih¢ inv¢4imcnl is hLld. Th¢ primary invcsimcnt aim 15 in pmvidc a high dogrL'C ol s¢curily ￿ld liquidily and io m4ximis¢ rciurn5 whilst adopting conserv41ivc approach. GRAM".MAKING POLICY The Charily does not prvvidc grniils ond Ih¢r¢forc do nvl have J w)li¢y on granl-makii?g. The Trn%ie&s howevcr, givc gifts and donations an crrcclivL mLans of delivering support lind ¥1S5iStance lo oihLr pmBrdmM￿ that fil within Ihc objcLlivLs of ihc Ch.Irity. I￿1)￿.1'￿.NI)Ey￿ T Tr:XAI%llliTr'R A proposal thai J&%h Burton B'chaucer bc re-appoiiiimeni as Indcpcndeni Examincr5 of the charity will be pui io the Board of Trusiccs al the forthcoming Annual General Mccting. By Order of the Board of TruS￿¢S Chlbuwr Truste Daie." ghi .2023 ## ## ## ## ## ## |||Unrestricted|Restricted|2022| |---|---|---|---|---| |||funds|funds|Total| |INCOMING RESOURCES||||| |Volunta
income||||| |Donations,
tithes and offerings||43,267||43,267| |Other incomin
resources||||| |Gift aid receivable||3,150||3,150| |Sundry income||18,504||18,504| |Building fund and rental income||9,000||9,000| |Bank interest||187||187| |Total incoming resources||74,108||74,109| |RESOURCES EXPENDED||||| |(Costs ofactivities in furtherance|of the|||| |objects ofthe charity)||||| |Direct Charitable
activities||6,674||6,674| |Management
and Support activities||11,926||11,926| |Governance
costs||1,700||1,700| |Finance costs||12,092||12,092| |Total resources expended||32,392||32,392| |Net movement
in funds for the|period|41,716||41,716| |Total funds brought
forward||129,192||129,192| |Total Funds as at30June 2022||170,908||170,908| |||Unrestricted|Restricted|2022| |---|---|---|---|---| |FIXEDASSETS||||| |Tangible assets||298,494||298,494| |Current assets||||| |Debtors and prepayments||3,150||3,150| |Cash at bank and in hand||40,094||40,094| |||43,244||43,244| |Creditors: amounts|falling due|||| |within|one year|26,576||26,576| |Net current assets||16,668||16,668| |Total assets less current liabilities||315,162||315,162| |Creditors: amounts|falling due after|||| |more than one year||(144,254)||(144,254)| |Net assets||170,908||170,908| |Financed by:||||| |Funds||170,908||170,908| |Total funds||170,908||170,908| ## ## ## ## ## ## ## ## |Voluntary
income||2022| |---|---|---| |Tithes, offerings and|donations|43,267| |Gift Aid||8,400| |Other Income||18,504| |Mission contribution|received|600| |||70,771| |3.|Governance
costs|2022| |---|---|---| ||The governance
costs ofthe charity consisted ofthe following:|| ||Accountancy
fees|1,700| ||Legal and professional|| |||1,700| |4.|Finance costs|2022| ||Bank charges|5,500| ||Mortgage
interest|6,592| |||12,092| ## |The net i|nco|ming|resou|rces|are state|d after|chargin|g
the f|ollowing c|osts:| |---|---|---|---|---|---|---|---|---|---|---| |||||||||||2022| |Depreciation||||||||||7,342| |Independent||examiners'||remuneration||||||1,700| |Tangible|fixed assets|||||||||| |All assets|are held||for charitable purposes|||||||| ||||Land||&|Fixtures &||Comiinter||2022| ||||~bnttdtn||s|~tttttn|s|~ent|ment|Total| |Cost||||||||||| |Balances|b/f|||300,000||||||300,000| |Additions||||||3,500|||2,336|5,836| |Balances|c/f|||300,000||3,500|||2,336|305,836| |Accumulated||||||||||| |~d||||||||||| |Balance b/f||||||||||| |Charge for the year|||||6,000||875||467|7,342| |Balances|c/f||||6,000||875||467|7,342| |Net book|value|||||||||| |At 30/06/2022||||294,000||2,625|||1,869|298,494| |Debtors||||||||||2022| |Other Debtors||||||||||3,150| |||||||||||3,150| |Creditors|due within 1year|||||||||2022| |Accruals||||||||||1,700| |Mortgage|interest|||||||||20,544| |Other creditors||||||||||4,332| |||||||||||26,576| ## ## ## ## ## ## |||Balances at|Movement|in Resources|Balances at| |---|---|---|---|---|---| |||0~1012021|~Incomin|~Ont oin|3006 2022| |Unrestricted|funds|129,192|74,108|(32,392)|170,908| |Restricted funds|||||| |||129,192|74,108|32,392|170,908| ||||||2022| |Represented|by:||||| |Fixed Assets|||||298,494| |Current Assets|||||43,244| |Liabilities|||||170,830| ||||||170,908| ## |INCOME|||| |---|---|---|---| |Donations,
tithes|and offerings:||| ||- Unrestricted||43,267| |Other income|||| |Interest receivable||187|| |Gift aid receivable||3,150|| |Rental income||8,400|| |Sundry income||18,504|| |Building fund||600|30,841| ||||74,108| |EXPENDITURE|EXPENDITURE|||| |---|---|---|---|---| |Direct Charitable Costs:||||| |Honorarium|||1,000|| |Welfare support|||900|| |Conferences|and Meetings||4,774|| ||||6,674|| |Management|ck Support|||| |Insurance|||1,936|| |Light and heat|||682|| |Telephone|||1,191|| |Depreciation|-Freehold property||6,000|| |Depreciation|-Fixture 4Furnitures||875|| |Depreciation|- Computer|Equipment|467|| |Repairs and renewals|||776|| ||||11,926|| |Governance|costs:|||| |Legal &Professional||||| |Accountancy|fees||1,700|| ||||1,700|| |Finance Costs:||||| |Bank charges|||5,500|| |Loan interest|||6,592|| ||||12,092|| |||||32,392|