CHARITY RECEIPTS AND PAYMENTS ACCOUNTS
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COMFORT CHARITY FOUNDATION
STATUTORY ACCOUNTS
CHARITY
FOR THE YEAR ENDED
31 DECEMBER 2024
Registered Charity - Charity Registration number 1208698
Trustee REP:MRS COMFORT OWOEYE
Charity Management:
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1208698
COMFORT CHARITY FOUNDATION
Statement of Financial Activities (SOFA) for the year ended 31ST DECEMBER 2024
| Notes to | Designated | ||||
|---|---|---|---|---|---|
| the | General Fund | Funds | Restricted | Endowment | Total |
| accounts | (Unrestricted) |
(unrestricted) | Funds | Funds | 31/12/2024 |
| £ | £ | £ | £ | £ | |
| Income | |||||
| 2 Donations | 750 | - | - | 750 | |
| 3 Gift aid | - | - | - | - | |
| 4 Interest and investment income | - | - | - | - | |
| 5 Income from investment properties | - | - | - | - | |
| 6 Internal organisations | - | - | - | - | |
| 7 Other charitable income | - | - | - | - | |
| 8Total income | 750 | - | - | - | 750 |
| Expenditure | |||||
| 10 Grants and donations | - | - | - | - | - |
| 11 Property maintenance | - | - | - | - | - |
| 12 Insurance,utilities etc | - | - | - | - | - |
| 13 Depreciation | - | - | - | - | - |
| 14 Office expenses | 120 | - | - | - | 120 |
| 15 Legal & Professional Services | 330 | - | - | - | 330 |
| 16 Charity Activities | 300 | - | - | - | 300 |
| 17 Internal organisations | - | - | - | - | - |
| 18Total charitable expenditure | 750 | - | - | - | 750 |
| 19 Gains/(losses) on monetary investments | - | ||||
| 20 Gains/(losses) on investment properties | - | ||||
| 21Net income/(expenditure) | 0 | - | - | - | - |
| 22 Transfers between funds | - | ||||
| 23 Other gains/(losses) | - | ||||
| 24Net movement in funds | 0 | - | - | - | - |
| 25 Total funds brought forward | - | ||||
| 26 Total funds carried forward | 0 | - | - | - | - |
1208698
COMFORT CHARITY FOUNDATION
Balance Sheet as at 31 DECEMBER 2024
| Notes to the Accounts |
General Fund (Unrestricted) £ |
Designated Funds (Unrestricted) £ |
Restricted Funds £ |
Endowment Funds £ |
Totals 2024 £ |
|---|---|---|---|---|---|
| Fixed Assets | ||||||
|---|---|---|---|---|---|---|
| Musical Equipment | - | - | ||||
| Furniture & Fittings | - | - | ||||
| IT Equipment | - | - | - | |||
| Total fixed assets | - | - | - | - | - |
| Current Assets | - - - - - - - - - - - |
- - - - - - - - - - - |
- - - - - - - - - - - |
- - - - - - - - - - - |
- - - - - - - - - - - |
||
|---|---|---|---|---|---|---|---|
| Debtors andprepayments | - | ||||||
| Loans bythe Churches | - | - | |||||
| Investments with TMCP | - | ||||||
| Central Finance Board Deposits | - | ||||||
| Cash at Bank and in hand | - | - | - | ||||
| Total current assets | - | - | - | - | - | ||
| Current liabilities | |||||||
| Creditors (due in under 1 year) | - | - | |||||
| Grantspayable within 2019 20 | - | ||||||
| Total current liabilities | - | - | - | - | - | ||
| Net current assets/liabilities | - | - | - | - | - | ||
| - - - - |
|||||||
| Total assets less current liabilities | - | - | - | - | - |
| Long term liabilities (due after more than one year) |
||||||
|---|---|---|---|---|---|---|
| Grantspayable after 2020-21 | - | |||||
| Loans to the Church | - | - | ||||
| - | ||||||
| Net assets | - | - | - | - | - |
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Funds of the Church
General Fund (Unrestricted) - -
Designated Funds (Unrestricted) - -
Total Unrestricted Funds -
Restricted Funds - -
Endowment Funds - -
Total Funds - - - - -
Signed Comfort Owoeye
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Comfort Owoeye Lead Trustee
COMFORT CHARITY FOUNDATION
1). Nature of the charity funds
Designated Funds
These are funds that the trustee of the charity appropriate for for particular purpose. Restrcition on this type of funds is self imposed by the trustees, and as such the trustee can decide to make such fund undesgniated and apply such funds to new purpose they deemed fits.
Restricted Funds
Restricted funds are funds given to the charity for a specific purpose. Use of such funds is legally bindning obligation. Hence the trustee can not remove or relax the restriction on their on. Using such fund is sujbect to meeting certain spelled out condition for which the charity management and trustees have to adhered to.
The charity do not have any funds appropriated for the purpose of restricted funds for the period ending 31st December 2024.
Permanent Endowments Funds
Permanent endowments funds are those funds with the original intention of using such funds to acquire assets to be held by charity forever and cannot therefore be spent on just any other purposes.
The charity do not have any funds appropriated for the purpose of permanent endowments funds for period ending 31st Decmber 2024. .