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|Trustees|His Grace Baba Aladura S.A.Abidoye (Chairman)|
|---|---|
||Special Apostle A. Adejokun|
||Special Apostle J.A. Odufona|
||Special Apostle Pastor S.O.Sobo|
||Special Apostle Squire|
||Most Senior Apostle T.A. Anjorin|
||Special Mother R.A. Bamidele|
||Special Mother E.Shadare|
||Special Mother V.A.Opeyokun|
|Registered charity number|260353England and Wales|
|Principal location|175Earlham Grove|
||Forest Gate|
||London|
||E79AP|
|Accountants|Elliot Akins &Co|
||Chartered<br>Certified Accountants|
||1stFloor, Cavendish<br>House|
||369Burnt Oak Broadway|
||Edgware|
||Middlesex HA8 5AW|





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||||Contents||
|---|---|---|---|---|
|||||Page|
|Trustees' report||||1-2|
|Independent|examiner's|report|||
|Statement of|financial acbvities||||
|Balance sheet|||||
|Notes to the financial statements||||6-9|





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||||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|---|
|||||Notes|funds|funds|funds|funds|
||||||||2022|2021|
|Incoming resources|||||||||
|Incoming resources from|generated||funds:||||||
|Voluntary<br>income: donations||||2a|68,402||68,402|44,956|
|Activities in furtherance|ofcharitable||activities|2b|9,320||9,320|4,200|
|Investment<br>income||||2c|34,421||34,421|38,127|
|Total incoming resources|||||112,143||112,143|87,283|
|Resources expended|||||||||
|Charitable<br>activities:|||||||||
|Religious organisations:|donations||||1,320||1,320|4,110|
|Other charitable<br>purposes|||||7,100||7,100|2,072|
|Relief ofpoverty|||||||||
|Governance<br>costs:|||||||||
|Management<br>and administratives||costs|||44,892||44,892|37,326|
|Total resources used|||||53,312||53,312|43,508|
|Net incoming resources|||||58,831||58,831|43,775|
|Net movement<br>in funds|||||58,831||58,831|43,775|
|Balance at1January 2022|||||1,126,129||1,126,129|1,082,354|
|Balance at 31December|2022|||8|1,184,960||1,184,960|1,126,129|





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|||2022|2021|
|---|---|---|---|
|Fixed assets|Notes|||
|Tangible assets||802,544|809,886|
|||802,544|809,886|
|Current assets||||
|Debtors|10|||
|Cash at bank and in hand||383,416|317,243|
|||383,416|317,243|
|Creditors: amounts falling||||
|due within one year||(1,000)|(1,000)|
|Net current assets||382,416|316,243|
|Total assets less current||||
|liabilities||1,184,960|1,126,129|
|Creditors: amounts falling due||||
|after more than one year||||
|Net assets||1,184,960|1,126,129|
|Reserves||||
|Accumulated<br>reserves||1,126,129|1,082,354|
|Surplus for the year||58,831|43,775|
|Total funds||1,184,960|1,126,129|





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||||Notes to|the financial<br>statements|the financial<br>statements|||
|---|---|---|---|---|---|---|---|
|||for|the year|ended 31December 2022||||
|2b|Activities in furtherance||ofcharitable||activities|2022|2021|
||Other income|||||9,320|4,200|
|||||||9,320|4,200|
|2c|Investment<br>income|||||2022|2021|
||Rent income received|||||33,719|32,000|
||Bank interest received|||||702|219|
|||||||34,421|32,219|
|3|Resources expended|on charitable||activities||2022|2021|
||Donations|||||1,320|5,967|
|||||||1,320|5,967|
|4|Resources expended|on other charitable||||2022|2021|
||activities|||||||
||Conferences, retreats|and|anniversaries|||1,800|1,500|
||Transportation|||||5,300|572|
|||||||7,100|2,072|
|5|Resources expended|on poverty relief||||2022|2021|
||Hospitality|||||||





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|6|Governance<br>costs:|Governance<br>costs:|Governance<br>costs:|||2022|2021|
|---|---|---|---|---|---|---|---|
||Expenditure<br>on||managing/administering|||||
||the charity|||||||
||Rent and rates|||||360|1,129|
||Telephone|||||1,404|1,286|
||Printing,<br>postage and|||stationery||1,735|1,380|
||Light and heat|||||12,204|8,949|
||Cleaning|||||4,656|2,288|
||Clergy maintenance|||||1,200|1,200|
||Repairs and building|||maintenance||7,458|6,618|
||Legal and professional|||fees|||1,210|
||Accountancy|||||1,000|1,000|
||Training|||||650||
||Bank charges|||||25|25|
||Insurance|||||3,302|3,007|
||Sundry expenses|||||3,556|1,597|
||Depreciation|||||7,342|7,637|
|||||||44,892|37,326|
||Net movement||in funds for the year|||2022|2021|
||Net movement|in funds is stated after|||charging:|||
||Depreciation<br>of||tangible fixed assets.|||7,342|7,637|
||Funds|||Unrestricted|Restricted|Total|Total|
|||||Funds|Funds|Funds|Funds|
|||||||2022|2021|
||At January|||1,126,129||1,126,129|1,082,354|
||Surplus for year|||58,831||58,831|43,775|
||At31December|||1,184,960||1,184,960|1,126,129|





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|Tangible fixed assets|||||
|---|---|---|---|---|
||Freehold|Fixtures and|Motor||
||Property|equipment|Vehicles|Total|
|Cost|||||
|at 1January 2022|991,047|133,396|24,000|1,148,443|
|Additions|||||
|At 31December 2022|991,047|133,396|24,000|1,148,443|
|Depreciation|||||
|At 1January 2022|190,510|128,847|19,200|338,557|
|Charge for year||2,542|4,800|7,342|
|At 31December 2022|190,510|131,389|24,000|345,899|
|Net book value|||||
|At31December 2022|800,537|2,007||802,544|
|At31December 2021|800,537|4,549|4,800|809,886|



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||||||
|---|---|---|---|---|
|10|Debtors||2022|2021|
||Prepayment|and accrued income|||
|11|Creditors:|amounts falling due|2022|2021|
||within one|year|||
||Other credidors &accruals||1,000|1,000|
||||1,000|1,000|



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|Administrative<br>expenses|||||
|---|---|---|---|---|
|Rates|360||1,129||
|Light and heat|12,204||8,949||
|Repairs and maintenance|7,458||6,618||
|Cleaning expenses|4,656||2,288||
|Donations|1,320||4,110||
|Clergy maintenance|1,200||1,200||
|Printing, postage &stationery|1,735||1,380||
|Telephone|1,404||1,286||
|Accountancy|1,000||1,000||
|Events &conventions|1,800||1,500||
|Travel and motor expenses|5,300||572||
|Bank charges|25||25||
|Insurance|3,302||3,007||
|Sundry expenses|3,556||2,807||
|Training &Seminars|650||||
|Depreciation<br>motor vehicles|4,800||4,800||
|Depreciation<br>plant and equipment|2,542||2,837||
|||53,312||43,508|
|Surplus||58,129||43,748|



|Interest receivable|||||
|---|---|---|---|---|
|Bank deposit|702||27||
|||702||27|
|Surplus for the year||58,831||43,775|