REGISTERED COMPANY NUMBER: 07877036 (England and Wales)

REGISTERED CHARITY NUMBER: 1147040

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2024

FOR

OASIS CHURCH COLLIERS WOOD

Page

Strategic Report

1

to

3

Report of the Trustees

4

to

5

Report of the Independent Auditors

6

to

9

Statement of Financial Activities

10

Balance Sheet

11

Cash Flow Statement

12

Notes to the Cash Flow Statement

13

Notes to the Financial Statements

14

to

23

The trustees present their strategic report for the year ended 31 December 2024.

The Directors present their strategic report and financial statements of Oasis Church Colliers Wood (Registered Company Number 07877036 and Registered Charity Number 1147040) for the period ended 31st December 2024.

Directors Responsibilities and Functions:

The Directors listed on Page 1 are the signatories to this Report. The method of appointing and discharging Directors is that the current Directors have the power to appoint additional Directors or to discharge existing Directors, but there are overall requirements that the number of Directors is not less than three nor more than seven and that Directors are required to be members of Oasis Church, Colliers Wood.

The Directors are responsible for preparing the strategic report, the annual report and financial statements in accordance with applicable law and regulations. Company law requires the Directors to prepare financial statements for each financial year.

The Directors have no retained professional legal advisers; their bankers are National Westminster Bank plc of 16 Wimbledon Hill Road, Wimbledon SW19. Dzifa Ayidah remained as Treasurer. Duncan Moass serves as Company Secretary. The Independent Auditor is GBJ Financial Limited, Sterling House, 27 Hatchlands Road, Redhill, Surrey RH1 6RW.

The Directors have quarterly meetings during which they examine the financial reports and activities as well as look at their other governance obligations.

Aims and Objectives:

Oasis Church Colliers Wood operates as a local Church in the Colliers Wood area of southwest London. Whilst it is independently constituted it is affiliated to the London Baptist Association and Evangelical Alliance.

Activities:

The activities of the Church are the usual ones which could be expected of an evangelical Church, being Sunday worship services, a range of weekly meetings at the Church (for Church members and serving the wider Church body), meetings of Church members in homes, evangelistic outreaches, etc.

During 2024, services on Sundays and Wednesdays continued to be streamed live, and cell groups continue to meet in person, on Zoom or a mixture of the two. Cell groups, Healing Rooms, Bible study, Pastors and Leaders meetings, youth work, children's work, the Leadership school, staff meetings and over 60s tea parties are all examples of activities that have been happening regularly during 2024. The community café which started in 2023 continues to welcome anyone from the local community every Thursday. One off events included an open Picnic in the Park, and a 24 hour worship service, which was held in December 2024. Baptismal services took place on two occasions during the year. Elders' meetings and Directors' meetings have continued on Zoom for convenience. Four 'Family Night' meetings ('business' meetings open to all church members) were held during the year and 37 new members were welcomed in 2024. The new building continues to be fully utilised with a prayer room open on weekdays, and a new media suite was also commissioned. Four interns have been employed during the year, experiencing the breadth of the ministries at Oasis Church.

Apart from at the main centre in Colliers Wood, the three church plants at Epsom (at the Longmead Centre, Sefton Road), in Walton-on-Thames (at Walton Youth Centre, Elm Grove, Walton on Thames) and in Redhill, (at Salfords Primary School, Copsleigh Avenue) have continued to meet, as has the Asian Fellowship centre in the main premises in Colliers Wood. The elders deployed one of Oasis pastoral staff to start and lead a new church plant in Portugal in March 2024, which is flourishing.

During the year, Directors continued to ensure that the Company complied with the requirements of GDPR and data protection.

The Church had 504 core members and over 600 others associating with the Church as at 31st December 2024.

Leadership: The leadership structure of the Church is that there is a full-time pastor (Sam Onyenuforo),five part-time pastors who serve at our plants in Epsom, Walton, Redhill, the Asian Fellowship, and in Portugal. Staff fulfil various ministry and administrative roles; along with the pastors, there are unpaid elders with shared overall responsibility for the Church and others holding responsibility for the Church work.

Finance

The primary source of the income is derived from donations and legacies given by Church members. The church's income has been maintained during the year with a slight increase over budget projections. During 2024 the Elders decided to make final completion of elements of the New Building (tarmac the car park, bring front stairs into compliance with building regulations, bringing security through both buildings up to the same standard, completion of the Media Suite). Combined with significant urgent roof repairs and redecoration throughout and all the usual repairs and renewals, meant that expenditure against the budget line for the building was overspent. This was a planned once off decision.

The Company has various designated and restricted funds, listed in the accounts, including a "Jubilee Fund" that receives and distributes 10% of the Church income and other specified gifts. This Jubilee fund is administered by a minimum of three members. This is overseen by the Directors and was set up for the advancement of the Christian faith, and/or as an expression of Christian love. These gifts continue to be given.

The directors remain satisfied that the church's financial position remains secure.

Risk Register

The Directors have reviewed the risks to which the Company may be exposed and continue to keep the risk register updated on a regular basis. The Company also has a Health and Safety Policy and a Safeguarding Policy, which are also reviewed on a regular basis.

Reserves Policy

The Directors have developed a reserves policy which is reviewed every year. It is anticipated that any surplus income, at the close of the year, would be carried forward during the following year while retaining sufficient funds to meet the charity's stated or planned commitments.

The Directors aim to have reserves amounting to not less than GBP 200,000 on an ongoing basis.

Disclosure of Information to Independent Examiner:

In the case of each of the persons who are Directors of the Company at the date when this report was approved - so far as each of the Directors is aware, there is no relevant audit information (as defined in the Companies Act 2006) of which the company's independent examiner are unaware; and - each of the Directors have taken all the steps that he/she ought to have taken as a director to make himself/herself aware of any relevant information and to establish that the independent examiner is aware of that information.

This confirmation is given and should be interpreted in accordance with the provisions of S418 of the Companies Act 2006.

Approved by order of the board of trustees on 24 September 2025 and signed on its behalf by:

I Berle - Trustee

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 December 2024. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 2006.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Company number

07877036 (England and Wales)

Registered Charity number

1147040

Registered office

1-27 Fortescue Road

Colliers Wood

London

SW19 2EA

Trustees

D Moass Crown Prosecutor

I Berle Retired NHS Manager

A A Alli Accountant

T Q M Clements Administrator

J Takyi Counsellor and Psychotherapist

Miss A C Johnson

Company Secretary

D Moass

Auditors

GBJ Financial Limited

Statutory Auditor

Sterling House

27 Hatchlands Road

Redhill

Surrey

RH1 6RW

Bankers

NatWest Bank PLC

16 Wimbledon Hill Road

Wimbledon

London

SW19 7ZD

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of Oasis Church Colliers Wood for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to

-	select suitable accounting policies and then apply them consistently;

-	observe the methods and principles in the Charity SORP;

-	make judgements and estimates that are reasonable and prudent;

-	state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will continue in business.

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In so far as the trustees are aware:

-	there is no relevant audit information of which the charitable company's auditors are unaware; and

-	the trustees have taken all steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.

AUDITORS

The auditors, GBJ Financial Limited, will be proposed for re-appointment at the forthcoming Annual General Meeting.

Approved by order of the board of trustees on 24 September 2025 and signed on its behalf by:

I Berle - Trustee

Opinion

We have audited the financial statements of Oasis Church Colliers Wood (the 'charitable company') for the year ended 31 December 2024 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the charitable company's affairs as at 31 December 2024 and of its incoming resources and application of resources, including its income and expenditure, for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charitable company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charitable company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Strategic Report and the Report of the Trustees for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Strategic Report and the Report of the Trustees has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the charitable company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report and the Report of the Trustees.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of trustees' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees (who are also the directors of the charitable company for the purposes of company law) are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charitable company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charitable company or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. Owing to the inherent limitations of an audit, there is an unavoidable risk that material misstatements in the financial statements may not be detected, even though the audit is properly planned and performed in accordance with the ISAs (UK).

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

We enquired of management concerning the Company's policies and procedures relating to:

- the identification, evaluation and compliance with laws and regulations;

- the detection and response to the risks of fraud; and

- the establishment of internal controls to mitigate risks related to fraud or non-compliance with laws and regulations.

The Company is subject to many laws and regulations where the consequences of non-compliance could have a material effect on amounts or disclosures in the financial statements. We identified the following laws and regulations as the most likely to have a material effect if non-compliance were to occur; United Kingdom Generally Accepted Accounting Practice, the Companies Act 2006, tax legislation, anti-bribery legislation, GDPR and employment law.

We assessed the susceptibility of the company's financial statements to material misstatement, including how fraud might occur, by evaluating management's incentives and opportunities for manipulation of the financial statements. This included the evaluation of the risk of management override of controls. We determined that the principal risks were in relation to:

- income recognition

- authorisation of purchases and correct use of restricted funds

- potential management bias in determining accounting estimates

It is the audit partner's assessment that the audit team collectively had the appropriate competence and capabilities to identify or recognise non-compliance with laws and regulations.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Use of our report

This report is made solely to the charitable company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the charitable company's members those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charitable company and the charitable company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Jonathan Hillier (Senior Statutory Auditor)

for and on behalf of GBJ Financial Limited

Statutory Auditor

Sterling House

27 Hatchlands Road

Redhill

Surrey

RH1 6RW

24 September 2025

2024

2023

Unrestricted

Restricted

Total

Total

fund

funds

funds

funds

Notes

£

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

2

1,015,410

5,746

1,021,156

996,960

Other trading activities

3

7,800

-

7,800

7,350

Investment income

4

6,155

-

6,155

4,858

Total

1,029,365

5,746

1,035,111

1,009,168

EXPENDITURE ON

Raising funds

5

857,430

59,785

917,215

765,788

Charitable activities

6

Missions, outreach and evangelism

69,500

13,998

83,498

63,768

Social care

81,172

-

81,172

91,480

Total

1,008,102

73,783

1,081,885

921,036

NET INCOME/(EXPENDITURE)

21,263

(68,037

)

(46,774

)

88,132

Transfers between funds

18

(74,000

)

74,000

-

-

Net movement in funds

(52,737

)

5,963

(46,774

)

88,132

RECONCILIATION OF FUNDS

Total funds brought forward

1,374,166

2,298,285

3,672,451

3,584,319

TOTAL FUNDS CARRIED FORWARD

1,321,429

2,304,248

3,625,677

3,672,451

2024

2023

Unrestricted

Restricted

Total

Total

fund

funds

funds

funds

Notes

£

£

£

£

FIXED ASSETS

Tangible assets

13

809,722

2,319,803

3,129,525

3,155,459

CURRENT ASSETS

Debtors

14

117,223

-

117,223

113,429

Cash at bank and in hand

415,286

93,205

508,491

543,320

532,509

93,205

625,714

656,749

CREDITORS

Amounts falling due within one year

15

(20,802

)

(16,314

)

(37,116

)

(37,175

)

NET CURRENT ASSETS

511,707

76,891

588,598

619,574

TOTAL ASSETS LESS CURRENT LIABILITIES

1,321,429

2,396,694

3,718,123

3,775,033

CREDITORS

Amounts falling due after more than one year

16

-

(92,446

)

(92,446

)

(102,582

)

NET ASSETS

1,321,429

2,304,248

3,625,677

3,672,451

FUNDS

18

Unrestricted funds

1,321,429

1,374,166

Restricted funds

2,304,248

2,298,285

TOTAL FUNDS

3,625,677

3,672,451

The financial statements were approved by the Board of Trustees and authorised for issue on 24 September 2025 and were signed on its behalf by:

I Berle - Trustee

Cash flows from operating activities

Cash generated from operations

1

42,171

135,977

Interest paid

(4,174

)

(7,306

)

Finance costs paid

(2,072

)

(2,253

)

Net cash provided by operating activities

35,925

126,418

Cash flows from investing activities

Purchase of tangible fixed assets

(50,753

)

(31,048

)

Net cash used in investing activities

(50,753

)

(31,048

)

Cash flows from financing activities

Loan repayments in year

(20,001

)

(31,896

)

Net cash used in financing activities

(20,001

)

(31,896

)

Change in cash and cash equivalents in the reporting period

(34,829

)

63,474

Cash and cash equivalents at the beginning of the reporting period

543,320

479,846

Cash and cash equivalents at the end of the reporting period

508,491

543,320

1.	RECONCILIATION OF NET (EXPENDITURE)/INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

2024

2023

£

£

Net (expenditure)/income for the reporting period (as per the Statement of Financial Activities)

(46,774

)

88,132

Adjustments for:

Depreciation charges

76,687

75,675

Interest paid

4,174

7,306

Finance costs

2,072

2,253

Increase in debtors

(3,794

)

(37,171

)

Increase/(decrease) in creditors

9,806

(218

)

Net cash provided by operations

42,171

135,977

2.	ANALYSIS OF CHANGES IN NET FUNDS

At 1.1.24

Cash flow

At 31.12.24

£

£

£

Net cash

Cash at bank and in hand

543,320

(34,829

)

508,491

543,320

(34,829

)

508,491

Debt

Debts falling due within 1 year

(25,005

)

8,689

(16,316

)

Debts falling due after 1 year

(102,582

)

10,136

(92,446

)

(127,587

)

18,825

(108,762

)

Total

415,733

(16,004

)

399,729

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

2% on cost

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

25% on cost

Taxation

The charity is exempt from corporation tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charitable company operates a defined contribution pension scheme. Contributions payable to the charitable company's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

2.	DONATIONS AND LEGACIES

2024

2023

£

£

Donations

899,476

847,981

Gift aid

121,680

148,979

1,021,156

996,960

3.	OTHER TRADING ACTIVITIES

2024

2023

£

£

Conferences, bookstall & sundry

7,800

7,350

4.	INVESTMENT INCOME

2024

2023

£

£

Bank interest received

6,155

4,858

5.	RAISING FUNDS

Raising donations and legacies

2024

2023

£

£

Staff costs

444,594

399,382

Rates and water

1,731

5,260

Insurance

7,590

5,710

Light and heat

35,803

27,101

Telephone

2,443

2,633

Postage and stationery

5,336

5,816

Church running costs

2,347

2,418

Youth and childrens' work

7,970

7,064

Publicity and advertising

6

2,042

Office expenditure

15,162

13,473

Property maintenance

161,147

83,334

Music and worship

14,126

9,675

Social and recreational

30,611

29,496

Ministerial and pulpit fees

20,132

27,898

Training and volunteers

6,412

2,341

Tithe to Jubilee

66,431

46,795

Depreciation

76,687

75,675

Interest payable and similar charges

6,246

9,559

Support costs

12,441

10,116

917,215

765,788

6.	CHARITABLE ACTIVITIES COSTS

Grant

funding of

activities

(see note

7)

£

Missions, outreach and evangelism

83,498

Social care

81,172

164,670

7.	GRANTS PAYABLE

2024

2023

£

£

Missions, outreach and evangelism

83,498

63,768

Social care

81,172

91,480

164,670

155,248

8.	SUPPORT COSTS

Governance

costs

£

Raising donations and legacies

12,441

Support costs, included in the above, are as follows:

2024

2023

Raising

donations

and

Total

legacies

activities

£

£

Auditors' remuneration

9,088

8,441

Legal and professional fees

3,353

1,675

12,441

10,116

9.	NET INCOME/(EXPENDITURE)

Net income/(expenditure) is stated after charging/(crediting):

2024

2023

£

£

Auditors' remuneration

9,088

8,441

Depreciation - owned assets

76,687

75,678

10.	TRUSTEES' REMUNERATION AND BENEFITS

There were no trustees' remuneration or other benefits for the year ended 31 December 2024 nor for the year ended 31 December 2023.

Trustees' expenses

There were no trustees' expenses paid for the year ended 31 December 2024 nor for the year ended 31 December 2023.

11.	STAFF COSTS

2024

2023

£

£

Wages and salaries

398,764

363,650

Social security costs

30,375

20,892

Other pension costs

15,455

14,840

444,594

399,382

The average monthly number of employees during the year was as follows:

2024

2023

Employees

21

20

The number of employees whose employee benefits (excluding employer pension costs) exceeded £60,000 was:

2024

2023

£60,001 - £70,000

1

1

12.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

Unrestricted

Restricted

Total

fund

funds

funds

£

£

£

INCOME AND ENDOWMENTS FROM

Donations and legacies

875,621

121,339

996,960

Other trading activities

7,350

-

7,350

Investment income

4,858

-

4,858

Total

887,829

121,339

1,009,168

EXPENDITURE ON

Raising funds

703,404

62,384

765,788

Charitable activities

Missions, outreach and evangelism

63,768

-

63,768

Social care

59,998

31,482

91,480

Total

827,170

93,866

921,036

NET INCOME

60,659

27,473

88,132

Transfers between funds

(68,000

)

68,000

-

Net movement in funds

(7,341

)

95,473

88,132

RECONCILIATION OF FUNDS

Total funds brought forward

1,381,507

2,202,812

3,584,319

TOTAL FUNDS CARRIED FORWARD

1,374,166

2,298,285

3,672,451