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





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|||||Unrestricted|Unrestricted|
|---|---|---|---|---|---|
||||Notes|Fund|Fund|
|||||2023|2022|
|||||E||
|Income from donation|and legacies:|||||
|Donations||||85,494|97,411|
|Income from charitable|activities:|||||
|Rent and facility hire||||13,581|12,859|
|Total Income||||99,075|110,270|
|EXPENDI1'URE||||||
|Charitable<br>expenditure:||||||
|Grants and donation||||9,466|12,458|
|Costs of activities for charitable||objective||12,071|9,933|
|Support costs||||59,437|36,716|
|Management<br>and administration||||31,363|29,055|
|Total Expenditure||||112,337|88,162|
|Net (expenditure)/income||||(13,262)|22,108|
|Opening balance||||176,006|153,898|
|Fund balance at 31 August||||162,744|176,006|





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|||||2023|2022|
|---|---|---|---|---|---|
|||||E|E|
||||Notes|||
|Fixed assets||||||
|Tangible fixed assets||||397,657|237,946|
|Current assets||||||
|Debtor|||8|14,776|13,859|
|Cash at bank||||51,636|116,413|
|||||66,412|130,272|
|Creditors: amount|falling due|within one year|9|66,771|62,843|
|Net current assets/(Liabilities)||||359|67,430|
|Total assets less|current liabilities|||397,298|305,376|
|Creditors: amount|falling due|after more than one year|iO|234,554|129,370|
|||||162,744|176,006|
|Income Funds||||||
|Unrestricted<br>Funds- General||Funds|11|162,744|176,006|





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||||||Unrestrtcted|Unrestricted|
|---|---|---|---|---|---|---|
||||||Fund|Fund|
||||||2023|2022|
||||||5|E|
|2|Income from donation and legacies||||||
||Tithe 8 Offering||||72,301|82,944|
||Gift Aid||||12,942|13,859|
||Other donations||||251|608|
||||||85,494|97,411|
|3|Grants and Donations||||||
||RCCG - World Evangelical<br>Mission||||7,116|11,258|
||RCCG - Central Office Fund||||1,680|600|
||Other Grants 8, Donations||||670|600|
||||||9,466|12,458|
|4|Cost of Activifies for|Charitable|Obj|ective|||
||Welfare/hardship<br>Grant|||||500|
||Outreach, Conferences<br>IL Events||||12,071|9,433|
||||||12,071|9.933|
|5.|Support Cost||||||
||Rent L Rate||||14,472|12,503|
||Stationery<br>8, Printing||||490|239|
||Telephone,<br>Internet|8, ITCosts|||1,826|995|
||Transportation<br>8 Logistics Costs||||2,439|1,653|
||Insurance||||320|1,269|
||Premises Expenses|||||431|
||Bank Interest 8.Charges||||18,201|3,581|
||Repairs, Renewals<br>8,|Maintenance||cost|3,940||
||Depreciation||||17,396|11,624|
||Sundry Expenses||||353|4,421|
||||||59,437|36.716|





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|||||2023|2022||
|---|---|---|---|---|---|---|
|6.|Management|and Administration|||||
||Accountancy|L Payroll fees||1,890|1,800||
||Staff/Volunteer|Costs||28,000|24,000||
||Legal, Consultancy<br>8, Professional||fees|1,473|2,935||
||Training<br>8,Seminar cost||||320||
|||||31,363|29,055||
|7.|Tangible fixed|assets|||||
|||Freehold||Church|Fixtures 3.||
|||Properties||Equipment|FNings|Total|
|||||E|38|E|
||Cost||||||
||At 01/09/22|237,363||39,852|6,201|283,416|
||Additions|177,107||||177,107|
||Disposal||||||
||At 31/08/23|414,470||39,852|6,201|460,523|
||Accumulated|Depreciation|||||
||At 01/09/22||21,851|17,418|6,201|45,470|
||Depreciation|for the year|13,263|4,133||17,396|
||Disposal||||||
||At 31/08/23|35,114||21,551|6,201|62,866|
||Net Book value||||||
||At 31/08/23|379,356||18,301||397,657|
||At 31/08/22|215,512||22,434||237,946|





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|||2023|2022|
|---|---|---|---|
|||E|E|
|B. Debtors||||
|Accrued Income-|Gift Aid|12,051|13,859|
|Other Debtors||2,725||
|||14,776|13,859|
|9. Creditors: amount|falling due within one year|||
|Bank Loan||10,238|6,240|
|Accruals and Deferred Income||54,556|56,386|
|Accruals||1,890||
|Other Creditors||55|217|
|||66,769|62,843|
|10.Creditors: amount|falling due after one year|||
|Bank Loan||234,554|129,370|
|||234,554|129,370|
|11.Movement<br>in funds||||
|Opening balance||176,006|153,898|
|Surplus for the year||(13,262)|22,108|
|Balance as at 31 August 2023||162,744|176,006|





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|||2023|2022|
|---|---|---|---|
|Salary|paid to related party.|E|E|
|Pastor|Olajide Joseph Omotayo|28,000|24,000|