**CHARITY RECEIPTS AND PAYMENTS ACCOUNTS** 


**----- Start of picture text -----**<br>
COMFORT CHARITY FOUNDATION<br>STATUTORY ACCOUNTS<br>CHARITY<br>        FOR THE YEAR ENDED<br>31 DECEMBER 2024<br>Registered Charity - Charity Registration number 1208698<br>Trustee REP:MRS COMFORT OWOEYE<br>Charity Management:<br>**----- End of picture text -----**<br>




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**|<br>**(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|-|-|-||**-**|
|8**Total 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|-|-|-|-|**-**|
|18**Total charitable expenditure**|**750**|**-**|**-**|**-**|**750**|
|19 Gains/(losses) on monetary investments|||||**-**|
|20 Gains/(losses) on investment properties|||||**-**|
|21**Net income/(expenditure)**|**0**|**-**|**-**|**-**|**-**|
|22 Transfers between funds|||||**-**|
|23 Other gains/(losses)|||||**-**|
|24**Net 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**<br>**Accounts**|**General Fund**<br>**(Unrestricted)**<br>£|**Designated**<br>**Funds**<br>**(Unrestricted)**<br>£|**Restricted**<br>**Funds**<br>£|**Endowment**<br>**Funds**<br>£|**Totals 2024**<br>£|
|---|---|---|---|---|---|



|**Fixed Assets**|||||||
|---|---|---|---|---|---|---|
|Musical Equipment||-||||-|
|Furniture & Fittings||-|||-||
|IT Equipment||-||-||-|
|**_Total fixed assets_**||**-**|**-**|**-**|**-**|**-**|



|**Current Assets**|||-<br>-<br>-<br>-<br>-<br>-<br>-<br>**-**<br>**-**<br>**-**<br>**-**|-<br>-<br>-<br>-<br>-<br>-<br>-<br>**-**<br>**-**<br>**-**<br>**-**|-<br>-<br>-<br>-<br>-<br>-<br>-<br>**-**<br>**-**<br>**-**<br>**-**|-<br>-<br>-<br>-<br>-<br>-<br>-<br>**-**<br>**-**<br>**-**<br>**-**|-<br>-<br>-<br>-<br>-<br>-<br>-<br>**-**<br>**-**<br>**-**<br>**-**|
|---|---|---|---|---|---|---|---|
|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_**||**-**|**-**|**-**|**-**|**-**||
||||**-**<br>**-**<br>**-**<br>**-**|||||
|**_Total assets less current liabilities_**||**-**|**-**|**-**|**-**|**-**||



|**Long term liabilities**<br>**(due after more than one year)**|||||||
|---|---|---|---|---|---|---|
|Grantspayable after 2020-21||||||**-**|
|Loans to the Church|||-|||**-**|
|||||||**-**|
|**_Net assets_**||**-**|**-**|**-**|**-**|**-**|




**----- Start of picture text -----**<br>
Funds of the Church<br>General Fund (Unrestricted) - -<br>Designated Funds (Unrestricted) - -<br>Total Unrestricted Funds -<br>Restricted Funds - -<br>Endowment Funds - -<br>Total Funds - - - - -<br>Signed Comfort Owoeye<br>**----- End of picture text -----**<br>


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. .