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





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|||||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<br>expenditure:||||||
|Grants and donation||||9,902|950|
|Costs of activities for charitable||objective||1,343|600|
|Support costs||||32,554|22,047|
|Management<br>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|





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|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<br>Funds- General||Funds||153,898|102,106|





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|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<br>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<br>8, Printing|||||68||
||Telephone,<br>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|





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||||||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<br>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|





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|||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<br>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|





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