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





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||||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<br>funds|||||||||
|Missionary<br>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<br>and|admini|(3c)|14913|N1L|NIL|14,913|17|642|
|TOTAL RESOURCES|EXPENDED||||||||
|NET INCOMING/(OUTGOING)<br>RESOURCES|||||||||
|GAINS AND LOSSESON INVESTMENTS|||Klh||||||





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||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<br>repayments|||12,863||12,713|||
|Bank/Cash<br>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<br>falling due after||more than|1year|||||
|Accumulated<br>Funds B/F|||189,126||183,052|||
|Add:<br>Net movement|in funds||L22236||6074|||



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|The depreciation|rates are as follows:||||||
|---|---|---|---|---|---|---|
|Office Equipment|||||25%Reducing balance||
|Fixtures<br>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<br>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|





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|||||Unrestricte(|Unrestricte(|Restricted|Restricted|Endowmenf|Total|Funds|
|---|---|---|---|---|---|---|---|---|---|---|
||||||Funds|Funds||Funds|2020|2019|
|3.|RESOURCES EXPENDED||||||||||
|3a.|Missionary<br>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<br>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<br>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<br>s|Vehicle|Total|
||Cost||||||||||
||At 01 August 2019||||175,527|21,756||24,240|26,000|247,523|
||Add: Addition<br>during|Year|||0||1 000|0|0|1 000|
||Cost at 31stJuly 2020||||LV 5ZZ|MMk||24'89.|||
||A<br>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||||||||||





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||NO|TES TO THE FINA<br>FORTHE|NCIAL ST<br>AR KNDK|ATEMENT<br>31J,Y2|S<br>CONTD.<br>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|