2021-08-31-accounts

REPORT OF THE BOARD BSTATEMENT OF BOARD'S RESPONSIBLITIES	1-4
INDEPENDENT EXAMINER'S REPORT
STATEMENT OF FINANCIAL ACTIVITIES
BALANCE SHEET	7-8
NOTES TO THE FINANCIAL STATEMENT	9-13

				Unrestricted	Unrestricted
			Notes	Fund	Fund
				2021	2020
				E	E
Income from donation	and legacies:
Donations				98,837	75,483
Income from charifable	activities:
Rent and facility hire				11,367	3,938
Total Income				110,204	79,421
EXPENDITURE
Charitable expenditure:
Grants and donation				9,902	950
Costs of activities for charitable		objective		1,343	600
Support costs				32,554	22,047
Management and administration				30,348	23,617
Total Expenditure				74,147	47,214
Net Income/(Expenditure)				36,057	32,207
Opening balance				102,106	69,899
Fund balance at 31 August 2021				138,163	102,106

BALANCE SHEET
AS AT31 AUGUST	2021
				2021	2020
				E
			Notes
Fixed assets
Tangible fixed assets			7	231,318	227,329
Current assets
Debtor			8	21,919	25,389
Cash at bank				52,395	20,511
				74,314	45,900
Creditors: amount	tailing due	within one year		13,935	15,340
Net current assets/(Liabilities)				60,379	30,560
Total assets less	current liabilities			291,698	257,889
Creditors: amount	falling due	after more than one year	Io	137,800	155,783
				153,898	102,106
Income Funds
Unrestricted Funds- General		Funds		153,898	102,106

For	the year ended 3	1Aug	ust	202I
						Unrestricted	Unrestricted
						Fund	Fund
						2021	2020
						5	K
2	Income from donation			and legacies
	Tithe 8,Offedng					82,998	53,261
	Gift Aid					15,839	14,151
	Other donations					11,367	4,489
						110,204	71,901
3	Grants and Donations
	RCCG —World Evangelical Mission					8,652
	RCCG —Central	Office		Fund		650	450
	Other Grants 8,	Donations				600	500
						9,902	950
4	Cost of ActivTiies for		Charitable		Objective
	Welfare/hardship	Grant				1,185	600
	Outreach, Conferences			8, Events		158
						1,343	600
5.	Support Cost
	Rent 8, Rate					1,310	6,346
	Stationery 8, Printing					68
	Telephone, Internet		8, IT Costs			1,251	895
	Transportation	8, Logistics Costs				1,657	953
	Insurance					69	895
	Bank Interest 8,Charges					3,621	3,499
	Depreciation					7,874	6,660
	Sundry Expenses					969	2,799
						16,819	22,047

					2021	2020
6.	Management	and	Adminishation
	Accountancy	fees			1,500	1,500
	Staff/Volunteer	Costs			24,007	20,000
	Legal, Consulfancy		8, Professional	fees	2,576	1,967
	Training 8,Seminar		cost		2,266	150
					30,348	23,617
7.	Tangible fixed	assets
			Freehold		Church	Fixtures 8,
			Properties		Equipment	Fittings	Total
					5	5	5
	Cost
	At 01/09/20		234,113		12,986	6,201	253,300
	Additions				1,197		1,197
	Disposal
	At 31/08/21		234,113		14,183	6,201	254,497
	Accumulated	Depreciation
	At 01/09/20			6,867	12,903	6,201	25,971
	Depreciation	for the year		7,492	382		7,874
	Disposal
	At 31/0&/21			14,359	13,285	6,201	33,845
	Net Bookvalve
	At 31/08/21		21'9,754		898		220,652
	At 31/08/20		227,246				227,329

		2021	2020
		K	E
8. Debtors
Accrued Income-	Gift Aid	12,892	22,832
Other Debtors		3,957	2,557
Prepayment-Rent		5,070
		21,919	25,389
9. Creditors: amount	falling due within one year
Bank Loan		6,240	6,240
Accruals and Deferred Income		7,695	7,319
Other Creditors			1,781
		13,935	15,340
10.Creditors: amount	falling due after one year
Bank Loan		137,800	144,040
Deferred Income			11,743
		137,800	155,783
11.Movement in funds
Opening balance		102,106	69,899
Surplus for the year		51,792	32,207
Balance as at 31 August 2021		153,898	102,106

		2021	2020
Salary	paid torelated party.	E
Pastor	Olajide Joseph Omotayo	24,000	2/I,OOO