Charity number 274922 THE CHURCH OF THE LORD ALADURA UK STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2023
CONTENTS CHARITY INFORMATION .. TRUSTEES REPORT............. ACCOUNTANT'S REPORT............... INCOME & EXPENDITURE ACCOUNT.. . BALANCE SHEET... NOTES TO ACOUNTS............
ORGANISATION INFORMATION Working Name: THE CHURCH OF THE LORD ALADURA Governing Document.. DECLARATION OF TRU DATED 12Th DECEMBER 1977 AND SCHEME OF THE 13 MARCH 1978 Telephone . 0207 703 4890 TRuEE5 I MANAGEMENT COMMtFrEE MEMBERS DR. RUFUS OKIKIOLA OSHrrELU REV. EMMANUEL BABATUNDE GBOGBOADE EVANGELI YAW DAVID BOAKYE EVANGELI MARY TEMoPE 05ELu REV. DAVID AYOOLA FABUSORO REGISTERED OFFICE: 25 SURREY SQUARE WALWORTH LONDON SE17 2JU CHARrrY NO: 274922 P&ge I
Report of the trustees/management committee The trustees present thelr report with the accounts of a charity for the year ended 31$1 December 2023 PRINCIPAL AcrIvrrY DURING THE YEAR This year, the charity continued to preach, teach, and practice the word of God to reach many unbelievers, arsd many gave their life to the Christian faith. Spiritual and temporal welfare wa5 ministered to people, and it is believed many will attain eternal salvation. Refurbishment works continued the main branch church was made possible during the year with the assistarst of members and the receipt of Gift aid refunds from the employed memberfs tax contributions. The Church leased a church hall for the DeptFord branch and salvation work continued during the year. STATEMENT OF TRuEES, RESPONSIBILtrIES The Charities Act l¢)93 requires the trustees to prepare a statement of accounts for each financial year, which give a true and fair view of the state of affairs of the charity at the end of the financial year and of the incoming resour$ and pplications of resources of the charity of the periods. In preparing those accounts, the trustees are expected to: l. select suitable accounting policies and apply them consistently: 2. make judgements and estlmates that are reasonable and prudent: 3. stste whether applicable accounting standards and statement of recommended practice have been followed, subject to any material departures disclosed and explained in the statement of accounts,. and 4. prepare the accounts on the going concern basis Unle it is inappropriate to presume that the charity will continue in operation. 5. The trustees are spOnsible for keeping proper accounting records, which disclose with reasonable accuracy at any tlme the financial position of the charity and to enable them to ensure that the accounts comply with the regulation under S43 of the charities Act 1993. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps to the prevention and detection of error, fraud and other irregularities. ON BEHALF OF THE TRUSTEES ON THE 30TH MARCH 2023 Signed: 8 Feq&8rfDS Page 2
INDEPENDENT EXAMINER'S REPORT RESPEcrtVE RESPONSIBILThES OF TRusfEES AND EXAMINER: As the charlty's trustees you are responsible for the preparation of the accounts; YOU consider that the audit requirement of section 43(2) of the Charities Act 1993 (the Act) does not apply. It 15 my responsibility to state, on the basis of procedures specified the General Direcbons given by the Charity Commissioners under sectton 43(7)(b) of the Act, whether particular matters have come to my attention. BASIS OF INDEPENDENT EXAMINER'S REPORT: My examination was carried out in accordance with the General Directions given by the Charity commissioners. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented wlth those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the eviden that would be required in an audit, and consequently I do express an audit opinion on the view given by the accounts. INDEPENDENT EXAMINER'S ATEME. In cOnneOn with my examination, no matter has come to my attention, whlch gives me reasonable cause to belleve, that any material respects the requirements. I, to keep accounting records in accordance with section 41 of the Act and 2. to prepare accounts which accord with the accounting records and to comply with the accounting quIrernents of the Art has not been met, £AJJ Mr E A Winful, FCCA EA WINFUL & ASSOCIATES CHARTERED CERTIFIED ACCOUNTANTS 18 HERO WALK ROCHESTER MEI 2UZ P&g¢ 3
THE CHURCH OF THE LORDA DURA STATEMENT OF FINANCIAL ACTIVITIES For the year en(18d 31. Decembei 2023 INCOME AND EXPENDITURE Notes Unreslricled Restricted 2023 2022 Incoming Resources Tithes & Olferings 193,764 193,764 160,098 Investment Income other Operating Income 30,025 30,025 22,580 Total Income Resources 223,789 182,678 Resources Expanded Cost of Actsvilies 1192.4271 (126,6561 Total Resources Expanded {192,427} (126.656} Nel Incoming1 {Outgoingl Resources 31,362 56.022 Funds brought fomard 31112122 263,116 207,094 Designated funds ulilised Funds carried forward 31112123 294,478 263,116 See notes on the following pages for detailed analysis of income and expendilure CONTINUING OPERATION None of the Charity's activities were acquirèd or discontinued during the current and previous years. and the deficit for the previous yeai. TOTAL RECOGNISED GAINS AND DEFICITS The charity has no recognised gains 01 deficits other Ihan th8 surplus for the cufient year The notes form part of these accounls. Page 4
THEC UR OFTHEL RD ALADURA UK. ST BALANCE SHEET AS AT 31 DECEMBER 2023 FIXED ASSETS Note 2023 2022 Tangible Assets 46,284 36.662 CURRENT ASSETS Debtors Bank I Cash 30,025 222,118 252,143 22.580 207.823 230,403 CREOITORS: Amounts falling due within on• year 10 13,9501 13,9501 N&t Currenl Assets I ILiabSlitles} 248,193 226,453 CREDITORS.. Amounts falling due for more than on& yèar Total Assets less Liabllitié$ 294,477 263,115 FUNDS Unreslricled Funds 294,477 294.477 263,115 263,115 97OF02<DS Signature Page S
THE HURCH THE LORDALADURA NOTES TO THE FINANCIAL STATEMENTS OF 2023 1 ACCOUNTING POLICIES 1 Accounting Convention The accounts have been prepared under the historical cost conventKJn, and in accordance with SORP 2 Accounting for Charities. Exemption has been taken from preparing a cash flow statement on the grounds Ihet the charity is a small undertaking. Incoming Re50urces Incoming Resources repfesenls collections, pledges & donations, and gift aid feceipts income due in the yeai. 1.2 Tangible Fixed Assets Depreciation is provided al the following annual rates in order lo write oll each assets over its estimated useful lrfe. Fixtures & Fittings Musical Equipment 100/0 io. Page 6
THE URC OF THE LO DALADURA UK. Notes to the Accounts for the year ended 31st Dember 2023 Notes 2023 2023 2023 2022 Reslricled 2 TITHES & OFFERINGS 15 Unreslricled Tithes Collections Thanksgiving Harvest Anniversary Diocese Total income received 114,444 15.227 20,713 26,879 3.250 13,251 114.444 15.227 20,713 26,879 3.250 13,251 193,764 93.691 19.886 25,240 11,805 5,050 4,426 160.098 3 Investment Income Reslrscted 4 Other Income Gift Aid Refunds Unrestricted 30,025 30,025 22,580 53 COST OF ACTIVITIES Vicarage Salary Costs Admin & Stationaries Telephone Insurance Rent & Rates Gas & Electric Harvest, Aniversaries Oonalions . Gift & Other Charitable Offefings Building Project Depreciation Bank Charges Total Cost of Activities 15 {61,1441 125,8211 (2,7081 18,418} 120,0911 (13,5191 (2,9501 18,6081 143,7611 {812) 1645 188,477 {48,025) {8,1781 14,8961 (3,9041 (24,6501 17,9571 {9101 (2,0931 119,686} {9621 11,4451 122,706 5b Governance 13,950) 13.9501 Page 7
THE CHURCH OF THE RD LADURA U 2023 2022 7 BANK I CASH Aggregate funds al bank TOTAL 222,118 222,118 211.438 211,438 8 Current Assets 10 CREDITORS. Amount falling due within one year Sundary Creditors 13,950) {3.9501 9 FIXED ASSETS Church Building Fixtures & Filtings Addib'ons 12 14 28,000 82,767 10,488 121,255 28.000 82.767 110,767 Depreciats'on Charge during year 74,105 866 74,971 73,143 962 74,105 NBV 46,284 36,662 11 UNRESTRICTED FUNDS brought forward Surplus for the year Carried forward 263,115 31,362 294,477 207,093 56,022 263,115 Page 8
E CHURCH OF HELO LADURA UK. 12 ChurGh Building.. The Church building was acquired Ireehold in 1978 al the cost of £ 28,000. It was valued in 1980's al £50,000. Current valuabon is £940,000 13 Land @ Liverpool.. The Church owns a Land at Liverpool acquired at nil value. Current value 18 estimated to be £392,(100 14 Fixtures & Fittings.. This is mainly healing equipments, carpels, tables & chairs, musical instruments and other equipments. Acquisition during the year is expensed. Depreciation is charged on its remaining net book value in 2023 15 INCOME & EXPENDITURE BY BRANCH INCOME Oagonham Gre&Thwhkh North Lothi Smy Squwc TOTAI. Tithes Offeriryj Thaky1ving Harvest AnnNersary AweaL8 Olhels Europe Dces8 Gift AMI payab TOTAL 4,005 1.680 62.798 3.9 7.488 4,047 3,402 3,105 3,250 11.Tr)0 37.248 4,559 17,044 5.327 114,444 15.227 20.713 10.170 3.250 16.709 13,251 267 745 3,000 2.7 13,251 30,025 43,276 30,025 223,789 4.862 6,678 69,794 32,292 66,887 EXPENDITURE Vicarage S81ary Costs Transfer loutll in Electricity & Ga5 Wat8r & refuse cD1c.0 Transport l travel Insurance Rent Payab Admin & Gen Expenses Charity & D¢Jn$tn$ BuildiThg Piciect Deprekn.0n Governance 17,4881 15.6311 148,0251 137,2481 44,158 16,0301 11,9241 12,3081 14,3481 161.1441 I2.j5) 14,0051 (S,2) 13651 111,2301 12,2891 12,7081 18,4181 120,09fj1 129.4161 18,6081 143,7611 1812 13,9501 1192,4271 14001 14001 118,0001 114,4221 13,8701 14501 12191 15.9041 11,6411 14971 18301 113,5181 11.8741 17601 143,7611 1491 1801 11391 15441 13.9501 173,4251 152.338 TOTAL 14,5951 15,8121 38,5261 117,7311 Suiplus I Ioeficrtl 267 866 31,268 14.561 16.5381 19,C621 31.362 Page g