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 TRu￿EE5 I MANAGEMENT COMMtFrEE MEMBERS DR. RUFUS OKIKIOLA OSHrrELU REV. EMMANUEL BABATUNDE GBOGBOADE EVANGELI￿ YAW DAVID BOAKYE EVANGELI￿ MARY TEM￿oPE 05￿ELu 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$1 December 2023 PRINCIPAL AcrIvrrY DURING THE YEAR This year, the charity continued to preach, teach, and practice the word of God to reach many unbelievers, arsd many gave their life to the Christian faith. Spiritual and temporal welfare wa5 ministered to people, and it is believed many will attain eternal salvation. Refurbishment works continued the main branch church was made possible during the year with the assistarst of members and the receipt of Gift aid refunds from the employed memberfs tax contributions. The Church leased a church hall for the DeptFord branch and salvation work continued during the year. STATEMENT OF TRu￿EES, RESPONSIBILtrIES The Charities Act l¢)93 requires the trustees to prepare a statement of accounts for each financial year, which give a true and fair view of the state of affairs of the charity at the end of the financial year and of the incoming resour￿$ 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 cOnne￿On 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