2021-09-30-accounts - Church Of God In Christ (Calvary) Limited

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forthe year ended 30S	eptember 2021
			Unrestricted	Unrestricted
			funds	funds
		Notes	2021	2020
Income
Donations			304,886	264,682
income from charitable actfvNesr
Tithes and offerings			663,342
Investment income				1,770
Total income			968,982	910,674
dN
Costs ofrafsintf funds:
Transport and motor costs			(1,262)	(4,844)
Expenditure on charftable	tivities:
Operation ofchurch assemblies		3	(755,570)	(802,465)
Interest payable		4	(24,087)	(22,803)
Net income/(expenditure)	and net movement
in funds for the year			188,063	80,562

Church ofGod In Christ (Calvary) Lim Cash Flow Statement forthe year ended 30September 202	ited 1
		2021	2020
		6	K
Cash generated from operauons Operating surplus		212,150	103,365
ReconaTiation to cash generated from operations: Depreciation (increase)/decrease in debtors Increase in creditors		201,279 (9,425) 3,172	188,428 39,818 1,508
		407,176	333,119
Cash from Investing activities Proceeds from sale oftangible fixed assets Payments forthe purchase of tangible fixed	assets	267 ~92,427 92,160	4,135 ~662,311 (858,176)
Cash from IInanctng activtues Interest paid Received/(Repaid) to finance providers		(24,087) ~(252,636 276,723	(22,803) 365,808 343,005
Net incnnsre in cash Cash at bank and in hand less overdraits at	1 October	38,293 1,464,341	17,948 1,446,393
Cash at bank and in hand less overdrafts	at 30September	1,502,634	1,464,341
Consisting of: Cash at bank'and in hand		1,502,634	1,464,341

being wound up, the liabilit	y i	n respect ofthe guarantee is limi	ted tof1 per member of	the charity.
Analysis ofexpenditure	on	charitable activities	2021 6	2020
Honorarium			11,400	11,400
Repairs Building insurance			81,006 30,126	95,397 29,193
Rent			8,953	24,824
Water rates			4,112	4,820
Motor expenses			24,131	32,897
(Profit)/Loss and disposal	of	fixed assets	190	3,687
Travel and conferences			30,710	43,062
Auditor fees - Statutory audit			5,040	5,040
Auditor fees - Accountancy	services		2,400	2,400
Accountancy			9,907	3,027
Legal and professional Fhwers and Communion			8,555 2,060	22,820 2,759
Gas			59,673	60,141
Telephone and fax			14,705	11,012
Cleaning Printing, postage and stafionery Gifts and donations			9,049 18,639 188,231	17,482 17,805 182,126
Refreshments			16,569	22,486
Sundry expenses Bank charges			19,476 4,386	16,284 4,912
Training Depreciation			4,973 201,279	462 188,429
			755,570	802,465


4	Interest payable			2021	2020
	Interest payable			24,087
5	Tangible fixed assets
		Land and	Plant and	Motor
		buildings	machinery	vehicles	Total
	Cost
	At 1October 2020	9,105,279	1,595,337	989,559	11,690,175
	Additions Disposals		33,789	58,638 ~(14,799	92,427 ~14,7M
	At30September 2021	9,105,279	1,629,126	1,033,401	11,767,806
	Depreciation
	At 1 October 2020		327,403	684,521	1,011,924
	Charge for the year On disposals	121,404	26,262	53,613 ~14.529	201479 ~14,529
	At30September 2021	121,404	353,665	723,605	1,198,674
	Net book value
	At30September 2021	8,983,875	1,275,461	309,796	10,569,132
	At 30September 2020	9,105,279	1467,934	305,038	10,678,251

for	the year ended 30	Sept	embe	r 2021
7	Creditors: amounts	falling	due	within one year	2021 F.	2020 0
	Bank loans and overdrafis				38,810	89,013
	Other creditors				25,347	22,175
					64,157	111,188
8	Creditors: amounts	falling	due	after one year	2021 F	2020 8
	Bankloans				451,443	653,876
9	Loans				2021	2020
					'Z	8
	Creditors include:
	Amounts falling due for payment			alter more than five years	209,392	533,730
	Secured bank loans				486,453	742,889
10	Revaluation reserve				2021
					8
	At 1 October 2020				6,991,506
	Transferred to unrestricted		funds		(93,220)
	At 30September 2021				6,898,286
11	Unrestricted funds				2021
					6
	At 1 October 2020				4,523,273
	Profit forthe year				188,063
	Transferred from revaluation		reserve		93,220
	At 30September 2021				4,804,556