2020-07-31-accounts

2.	ACCOUNTANTS'	REPORT
3.	Iu', PORT OFTHE	TRUSTEES

			Unrestricte4	Restricted	Endowment	Total	Funds
		Notes	~und	Funds	Funds	2020	2019
INCOME
Incoming resources &om	donors	(2)	46,893	NIL	NIL	46,893	63,192
Other incoming resources			30	NIL	NIL	30		23
				2KL	5K	MM	CKXQ
TOTAL INCOMING RESOURCES
RESOURCES EXPENDED		(3)
Costs ofgenerating funds
Missionary and Charitable	givin	(3a)	1,398	NIL	NIL	1,398	1,515
Activities directly relating	to the
work ofthe church		(3b)	32,848	NIL	NIL	32,848	37,984
Church management and	admini	(3c)	14913	N1L	NIL	14,913	17	642
TOTAL RESOURCES	EXPENDED
NET INCOMING/(OUTGOING) RESOURCES
GAINS AND LOSSESON INVESTMENTS			Klh

	BALA	NCE S	HEET ASA	T31JULY	2020
			Unrestricted	Funds	Unrestrict	d	Funds
			2020		2019
FIXEDASSETS		Notes
Tangible Assets				156,765		158,362
CURRENT ASSETS
Debtors/Pledges/P repayments			12,863		12,713
Bank/Cash Balances			18 162		18801
			31,025		31,514
CURRENT LIABILITIES
Creditors &Accruals			(900)		(750)
				30 125			30764
Total Assets less current liabilities				186,890		189,126
Creditors;Amount falling due after		more than	1year
Accumulated Funds B/F			189,126		183,052
Add: Net movement	in funds		L22236		6074

The depreciation	rates are as follows:
Office Equipment					25%Reducing balance
Fixtures Et:Fittings					25/o Reducing balance
Motor Vehicle					25%Reducing balance
INCOMING RESOURCES		~UestI Leted	~Rtr]eted	Endowment	Total	Funds
		~ns	~Fund	Funds	2020	20l9
General Offering		6,112	NIL	NIL	6,112	5,269
Building Fund		0	NIL	NIL	0	0
Tithes		22,471	NIL	NIL	22,471	37,308
Sabbath School		0	NIL	NIL	0	0
GiA Aids		5)245	NIL	NIL	5)245	6,425
Children's Ministry		0	NIL	NIL	0	0
Youth Ministry		0	NIL	NIL	0	0
Others		13066	NIL	NIL	13,065	ld 190
TOTAL INCOMING RESOURCES		Qfjni+	NIL	NIL	~~2	5332K

				Unrestricte(	Unrestricte(	Restricted	Restricted	Endowmenf	Total	Funds
					Funds	Funds		Funds	2020	2019
3.	RESOURCES EXPENDED
3a.	Missionary and charitable		giving		1 398		NIL	NIL	1.398	1 515
					~198			~il	~1398	~1515
3b.	Activities directly relating		to the work	ofthe Church
	Church - running expenses				14,324		NIL	NIL	14,324	17,428
	Church maintenance				2,386		NIL	NIL	2,386	2,929
	Training „Conferences, &		Meeting		9,724		NIL	NIL	9,724	11,716
	Expenditure on Ministry's		Magazine &		884		NIL	NIL	884	1,254
	Evangelism				3,862		NIL	NIL	3,862	1,412
	Welfare/Bazaar/Harvest				1 668		NIL	NIL	1,668	3245
					32 848				32848	37984
3c.	Church management	and administration
	Administration				14,594		NIL	NIL	14,594	17,218
	Bank Charges for year				319		NIL	NIL	319	424
					14913		ILL	KK	14913	17642
	TOTAL RESOURCES EXPENDED
4	FIXEDASSETS
					Freehold	Office		9~future	Motor
					F~roisertf	E~ui	ment	~drFIttiu s	Vehicle	Total
	Cost
	At 01 August 2019				175,527	21,756		24,240	26,000	247,523
	Add: Addition during	Year			0		1 000	0	0	1 000
	Cost at 31stJuly 2020				LV 5ZZ	MMk		24'89.
	A re ate De reciation
	B/F				26,550	17,278		19,333	26,000	89,161
	Charge for the year				0		1 370	1 227	0	2597
	C/F					3X5Q
	Net Book Value
	At 31July 2020
	At31July 2019

	NO	TES TO THE FINA FORTHE	NCIAL ST AR KNDK	ATEMENT 31J,Y2	S CONTD. 0 0
			2020		2019
5	BANK /CASH BALANCES
	RBS-Current	Account	1,001		1,001
	KB5-Reserve	Account	17800		17800
				18,801		18,801
			2020		2019
6	CREDITORS AND ACCRUALS
	Accountancy	and Book-keeping	900		750
	Other creditors		0		0
				900		750