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||||Page||
|---|---|---|---|---|
|Report ofthe Trustees||1|to|2|
|Independent<br>Examiner's|Report||||
|Statement ofFinancial|Activities||||
|Balance Sheet|||||
|Cash Flow Statement|||||
|Notes to the Cash Flow|Statement||||
|Notes to the Financial Statements||8|Io|11|
|Detailed Statement ofFinancial Activities|||12||





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||||||||Period|
|---|---|---|---|---|---|---|---|
||||||||5.10.20|
|||||||Year Ended|to|
|||||||31.12.22|31.12.21|
|||||Unrestricted|Restricted|Total|Total|
||||Notes|fundsf|fundsf|funds<br>f|fundsf|
|INCOME AND ENDOWMENTS||FROM||||||
|Donations<br>and legacies||||28,589|521,197|549,786|5,363|
|Other income||||140,224|5,495|145,719|36,181|
|Total||||168813|526692|~695505|41,544|
|EXPENDITURE ON||||||||
|Charitable<br>activities||||||||
|Diocese expenses||||6,304|100,000|106,304|11|
|Refcemi expenses|||||154,472|154,472|19|
|Bethel expenses||||16,139||16,139||
|City Mission expenses||||7,240||7,240||
|Other||||6,337||6,337||
|Total||||36,020|~254472|290,492|30|
|NET INCOME<br>Transfers<br>between|funds|||132,793<br>155,402|272,220<br>~155,402)|405,013|41,514|
|Net movement<br>in funds||||288,195|116,818|405,013|41,514|
|RECONCILIATION|OF FUNDS|||||||
|Total funds brought|forward|||41,533|(I9)|41,514||
|TOTAL FUNDS CARRIED FORWARD||||329,728|116799|446 527|41,514|





|||||31.12.22|31.12.21|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
||Notes|fundsf|funds<br>6|funds|funds<br>8|
|CURRENT ASSETS||||||
|Debtom||12,989||12,989||
|Cash at bank||322,740|354951|~677691|~85963|
|||335,729|354,951|690,680|85,963|
|CREDITORS||||||
|Amounts<br>falling due within one year||(6,001)|(238,152)|(244,153)|(44,449)|
|NET CURRENT ASSETS||329,728|116,799|446 527|41,514|
|TOTAL ASSETSLESSCURRENT LIABILITIES||329,728|116,799|446,527|41,514|
|NET ASSETS||329,728|116,799|446 527|41 514|
|FUNDS||||||
|Unrestricted<br>funds<br>Restricted funds||||329,728<br>116,799|41,533<br>~19)|
|TOTAL FUN||||446,527|41 514|





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|||||||Penod|
|---|---|---|---|---|---|---|
|||||||5.10.20|
||||||Year Ended|to|
|||||Notes|31.12.22|31.12.21<br>f|
|Cash flows from operating|activities||||||
|Cash generated<br>from operations<br>Interest paid|||||591,928<br>~200|85,993<br>~30|
|Net cash provided<br>by operating||activities|||591,728|85,963|
|Change<br>in cash and cash|equivalents||in||||
|the reporting<br>period<br>Cash and cash equivalents|at|the|||591,728|85,963|
|beginning<br>ofthe reporting|period||||85,963||
|Cash and cash equivalents|at|the end|of||||
|the reporflng<br>period|||||677,691|85,963|





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|RECONCILI|ATION|OF NET I|NCOME TO|NET CASH FLOW FROM OPERAll|NG ACTIVITIES||
|---|---|---|---|---|---|---|
|||||||Period|
|||||||5.10.20|
||||||Year Ended|to|
||||||31.12.22|31.1221|
|||||||f|
|Net income|forthe|reporting|period (as|per the Statement ofFinancial|||
|Activities)|||||405,013|41,514|
|Adjustments|for:||||||
|Interest paid|||||200|30|
|Increase<br>in debtors<br>Increase<br>in creditors|||||(12,990)<br>199,705||
|Net cash provided||by operations|||591,928|~85993|



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|ANALYSIS OF CHANGES<br>IN NET FUN|DS|||
|---|---|---|---|
||At 1.1.22<br>6|Cash flow<br>f|At 31 12.22|
|Net cash||||
|Cash at bank|85,963|591,728|677,691|
||~85963|591,728|677691|
|Total|~85963|~591 728|677,691|





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|DONATIONS<br>AND LEG|ACIES|||
|---|---|---|---|
||||Penod|
||||5.10.20|
|||Year Ended|to|
|||31.12.22|31.12.21|
||||8|
|Donations||50,088|5,363|
|Grants||499718||
|||549,786|5,363|
|Grants received, incJuded|in the above, are as follows:|||
||||Period|
||||5.10.20|
|||Year Ended|to|
|||31.12.22|31.12.21|
|||8|5|
|NNS Foundation||196,961||
|Institute ofDevelopment|Studies|302,757||
|||499718||





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|||Unrestricted|Restricted|Total|
|---|---|---|---|---|
|||funds<br>2|fundf|funds|
|INCOME AND ENDOWMENTS|FROM||||
|Donations<br>and legacies||5,363||5,363|
|Other income||36,181||~36181|
|Total||41,544||41 544|
|EXPENDITURE ON|||||
|Charitable<br>activities|||||
|Diocese expenses|||||
|Refcemi expenses|||||
||||19|19|
|Total|||19|30|
|NET INCOME/(EXPENDITURE)||41,533|(19)|41,514|
|TOTAL FUNDS CARRIED FORWARD||41,533||41,514|





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|DEBTORS:|||MOUNTS<br>F|ALLIN|G DUE WITHIN ONE YE|AR||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||31.12.22|31.12.21|
|||||||||8|f.|
|Other debtors||||||||12,989||
|CREDITORS:||AMOUNTS||FALLING DUE WITHIN ONE YEAR||||||
|||||||||31.12.22|31.12.21|
|||||||||8|f|
|Trade creditors||||||||1||
|Other creditors||||||||244,152|44,449|
|||||||||244,153|44,449|
|MOVEMENT|IN FUNDS|||||||||
||||||||Net|Transfers||
||||||||movement|between|At|
||||||At 1.1.22||in funds|funds|31.12.22|
||||||8||||7|
|Unrestricted||funds||||||||
|Diocese fund|||||2,098||91,521|126,172|219,791|
|Youth fund|||||36,181||||36,181|
|Bethel Fund|||||3,254||17,807|29,230|50,291|
|City Mission Fund|||||||7,873||7,873|
|Emergency<br>Fund|||||||15,592||15,592|
||||||41,533||132,793|155,402|329,728|
|Restricted funds||||||||||
|Refcemi fund||||||(19)|175,259|(155,402)|19,838|
|Church Growth|||Fund||||96,961||96,961|
||||||||272,220|~155,402)|116,799|
|TOTAL FUNDS|||||41,514||~405 013||446,527|
|Net movement|||in funds, induded||in the above are as follows:|||||
||||||||Incoming|Resources|Movement|
||||||||resources|expended|in funds|
||||||||||8|
|Unrestricted|funds|||||||||
|Diocese fund|||||||104,192|(12,671)|91,521|
|Bethel Fund|||||||33,700|(15,893)|17,807|
|City Mission Fund<br>Emergency<br>Fund|||||||15,078<br>15,843|(7,205)<br>~251)|7,873<br>15,592|
||||||||168,813|(36,020)|132,793|
|Restricted funds||||||||||
|Refcemi fund|||||||329,731|(154,472)|175,259|
|Church<br>Growth|||Fund||||~196961|~100000)|96961|
||||||||~526692|~254,472|272 220|
|TOTAL FUNDS|||||||~695505|~290,492)|405013|



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||||||Net||
|---|---|---|---|---|---|---|
||||||movement|At|
||||||in funds|31 12.21|
||||||6|6|
|Unrestricted|funds||||||
|Diocese fund<br>Youth fund<br>Bethel Fund|||||2,098<br>36,181<br>3,254|2,098<br>36,181<br>3,254|
|Restricted funds|||||41,533|41,533|
|Refcemi fund|||||(19)|(19)|
|TOTAL FUNDS|||||41,514|~41 514|
|Comparative|net movement|in funds,|included|in the above are as follows:|||
|||||Incoming|Resources|Movement|
|||||resources|expended|in funds|
|Unrestricted|funds|||6||2|
|Diocese fund<br>Youth fund<br>Bethel Fund||||2,100<br>36,181<br>3,263|(2)|2,098<br>36,181<br>3,254|
|Restricted funds||||41,544||41,533|
|Refcemi fund|||||(19)|(19)|
|TOTAL FUNDS||||41,544|~30)|41,514|



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