2020-12-31-accounts

THEH LY EMMANUEL CHU CHOFCH UST£ES T & FINANCIAL sTATEm￿Ts THE YEAR ENDED 31 ST DECEM Pagelof6

		Pages
Administrative Information
Trustees report
Independent Examiners' report
Statement offinancial	activities
Statement of Financial	Position
Notes to the Financial	Statements
( Inclusive ofdetailed	income and expenditure)

				Unrestricted
				Funds
			Notes	2020	2019
				f
Income Resources
Tithes, Offering and Thanksgiving			6.1	50,878.81	99,964.08
Total Income Resources				50,878.81	99,964.08
Resources Expended
Costs ofactivities in furtherances		ofcharity's objectives	6.2	40,606.43	84,912.86
Management &Administration		ofcharity	6.3	8,363.49	11,999.04
Total Income Expended				48,969.92	96,911.90
Net Income (outgoing)	resources			1,908.90	3,052.18
Net Movement in Fund
Unrestricted Fund balance 8/F				33,420.75	30,368.57
Unrestricted Fund balances C/F				35,329.65	33,420.75

SI'ATKMKN	T OF	FINANCIAI. POSITION	ASAT8	1STIKCKMBK	R 2020
			Notes	2020	2019
				f	E
FIXEDASSETS
Tangible Assets			3	3,762.08	5,016.10
CURRENT ASSETS
Building Fund
Debtors				21,790.35	18,475.45
Cash/ Bank			7	10,527.22	4,693.00
				32,317.57	23,168.45
CREDITORS
Amounts due	within	one year	4	750.00	750.00
NET CURRENT ASSETS				31,567.57	22,418.45
TOTAL ASSETS LESS		CURRENT LIABILITIES		35,329.65	27,434.55
CREDITORS
Amount due	after one year
TOTAL NETASSETS				35,329.65	27,434.55
Charity Funds
Unrestricted	General	Funds b/f	5	33,420.75	30,368.57
Net Income for the year				1,908.90	3,052.18
Total Funds				35,329.65	33,420.75

3) Tangible fixed assets				Fixtures &
Cost/NBV		Equipment E		Fittings f	Furniture f	Total
As at 1stJanuary 2020		2,535.47			2,480.63	5,016.10
Addition during the year
Dispoals/ written off
At 31st December 2020		2,535.47			2,480.63	5,016.10
Depreciation
As at 1stofJanuary 2020		5,810.54			3,399.38	9,209.92
Depreciation charge for year			633.87		620.16	1,254.03
Disposal/written off
At 31st December 2020		6,444.41			4,019.54	10,463.95
Net book value
At 31st December 2020		1,901.60			1,860.47	3,762.08
					2020	2019
					E	E
Trade debtors
4) Creditors Amount falling	due within one	year
Other creditors - Accountancy	fees				750.00	750.00
					750.00	750.00
5) Unrestricted Funds
Unrestricted Funds brought forward					25,297.47	25,297.47
Unrestricted Funds for the period
As at 31st December 2020/31st December		2019			25,297.47	25,297A7

Forthe year to31stDecmber	Forthe year to31stDecmber	Forthe year to31stDecmber	Forthe year to31stDecmber	2020	2020
							Unrestricted	Restricted	Total Fund
							E		E
6.1)Income and Resources
Incoming from offering, tithes,				building and other			50,878.81		50,878.81
Gift Aid
Total Incoming Resources							50,878.81		50,878.81
OUTGOINGS
6.2)Costs ofactivities		in furtherance				ofthe charities	objects:
Church Rent							24,365.63		24,365.63
Religious ativities incuding			anoiting		oil	services	2,250.00		2,250.00
Fruits							1,250.00		1,250.00
Charitable donation	and gifts						3,150.00		3,150.00
Anniversary							1,865.80		1,865.80
Music and entertainment							2,250.00		2,250.00
Christmas Party							2,225.00		2,225.00
Special Programmes							3,250.00		3,250.00
							40,606.43		40,606.43
6.3Management and Administration						ofCharity:
Depreciation							1,254.03		1,254.03
Stationery							450.00		450.00
Telephone							152.35		152.35
Waste management							669.81		669.81
Postage							325.00		325.00
Lighting and heating							735.21		735.21
Accounting fee							750.00		750.00
Repairs and Renewals
Professional and Consultancies				fees
Transportation							4027.09		4,027.09
							8,363.49		8,363.49