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|REPORT OF THE BOARD & STATEMENT 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|
|||||2022|2021|
|||||E||
|Income from donation|and legacies:|||||
|Donations||||97,411|98,837|
|Income from charitable|activities:|||||
|Rent and facility hire||||12,859|11,367|
|Total Income||||110,270|110,204|
|EXPENDITURE||||||
|Charitable<br>expenditure:||||||
|Grants and donation|||3|12,458|9,902|
|Costs of activities for charitable||objective|4|9,933|1,343|
|Support costs<br>Management<br>and administration|||5<br>6|36,716<br>29,055|16,819<br>30,348|
|Total Expenditure||||88,162|58412|
|Net Income||||22,108|51,792|
|Opening balance||||153,898|102,106|
|Fund balance at 31 August 2022||||176,006|153,898|





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|||||2022|2021|
|---|---|---|---|---|---|
||||Notes|||
|Fixed assets||||||
|Tangible fixed assets|||7|237,946|231,318|
|Currenf assets||||||
|Debtor|||8|13,859|21,919|
|Cash at bank||||116,413|52,395|
|||||130,272|74,314|
|Creditors: amount|falling due|within one year||62,843|13,935|
|Net current assets/(Liabilities)||||67,430|60,379|
|Total assets less|current liabilities|||305,376|291,698|
|Creditors: amount|falling dve|after more than one year|10|129,370|137,800|
|||||176,006|153,898|
|Income Funds||||||
|Unrestricted<br>Funds- General||Funds||176,006|153,898|





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|For|the yeor ended 31 Aug|ust 2|022||||
|---|---|---|---|---|---|---|
||||||Unresiricted|Unrestdcted|
||||||Fund|Fund|
||||||2022|2021|
||||||E|K|
|2|Income from donation and legacies||||||
||Tithe 8, Offering||||82,944|82,998|
||Gift Aid||||13,859|15,839|
||Other donations||||608||
||||||97,411|98,837|
|3|Grants and Donations||||||
||RCCG —World Evangelical<br>Mission||||11,258|8,652|
||RCCG - Central Office Fund||||600|650|
||Other Grants<br>8,Donations||||600|600|
||||||12,458|9,902|
|4|Cost ofActiviiiies for Charitable|||Objective|||
||Welfare/hardship<br>Grant||||500|1,185|
||Outreach, Conferences||8, Events||9,433|158|
||||||9,933|1,343|
|5.|Support Cost||||||
||Rent 8, Rate||||12,503|1,310|
||Stationery<br>8,Pdnting||||239|68|
||Telephone,<br>Internet|8, ITCosts|||995|1,251|
||Transporlation<br>8, Logistics Costs||||1,653|1,657|
||Insurance||||1,269|69|
||Premises Expenses||||431||
||Bank Interest 8,Charges||||3,581|3,621|
||Depreciation||||11,624|7,874|
||Sundry Expenses||||4,421|969|
||||||36,716|16,819|





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||||||2022|2021|
|---|---|---|---|---|---|---|
||||||K||
|6.|Management|and|Administration||||
||Accountancy|8, Payroll fees|||1,800|1,500|
||Staff/Volunteer|Costs|||24,000|24,007|
||Legal, Consultancy||8, Professional|fees|2,935|2,576|
||Training<br>8,Seminar||cost||320|2,266|
||||||29,055|30,348|



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|Tangible fixe|d assets|||||
|---|---|---|---|---|---|
|||Freehold|Church|Fixtures 8,||
|||Properties|Equipment|Fittings|Total|
||||E|E|E|
|Cost||||||
|At 01/09/21||234,113|24,849|6,201|265,163|
|Additions||3,250|15,003||18,253|
|Disposal||||||
|At 31/08/22||237,363|39,852|6,201|283,416|
|Accumulated|Depreciation|||||
|At 01/09/21||14,359|13,285|6,201|33,845|
|Depreciation|for the year|7,492|4,133||11,625|
|Disposal||||||
|At 31/08/22||21,851|17,418|6,201|45,470|
|Net Bookvalue||||||
|At 31/08/22||215,512|22,434||237,946|
|At 31/08/21||219,754|11,564||231,318|





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|||2022|2021|
|---|---|---|---|
|||E||
|8. Debtors||||
|Accrued Income-|Gift Aid|13,859|12,892|
|Other Debtors|||3,957|
|Prepayment-Rent|||5,070|
|||13,859|21,919|
|9. Creditors: amount|falling due within one year|||
|Bank Loan||6,240|6,240|
|Accruals and Deferred Income||56,386|7,695|
|Other Creditors||217||
|||62,843|13,935|
|10.Creditors: amount|falling due after one year|||
|Bank Loan||129,370|137,800|
|||129,370|137,800|
|11.Movement<br>in funds||||
|Opening balance||153,898|102,106|
|Surplus for the year||22,108|51,792|
|Balance as at 31 Augusf 2022||176,006|153,898|





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|||2022|2021|
|---|---|---|---|
|Salary|paid to related party.|E||
|Pastor|Olajide Joseph Omotayo|24,000|24,000|