| Uarettrictod | etttetod | End | nt | Total Fun | |||||
|---|---|---|---|---|---|---|---|---|---|
| ~utes | Funds | Funds | Fnnds | 2020 | 2019 | ||||
| 8 | |||||||||
| INCOME | |||||||||
| incoming resources 0om | donors | 47469 | 47,269 | 49,476 | |||||
| Other incommg resources | 0 | 56 | 56 | 119 | |||||
| TOTAL INCOMING RESOURCES | |||||||||
| RESOURCES EXPENDED | |||||||||
| Costs ofgenerating fimds |
|||||||||
| Missionary and Charitable |
giving | 3a | 150 | ||||||
| Activities directly relating | tothe | ||||||||
| work ofthe church | 3b | 29,089 | 29,089 | 44,956 | |||||
| Church management and |
dministmtion | 3c | 6273 | 0 | 6273 | 5903 | |||
| TOTAL RESOURCES | EXPENDED | ||||||||
| NKT INCOMING/(OUTGOING) | RESOURCES | ||||||||
| GAINS AND LOSSESON INVESTMENTS |
| ~20 0 | 2019 | 2019 | |||
|---|---|---|---|---|---|
| 8 | 8 | 8 | |||
| FIXEDASSETS | |||||
| Tangible Assets | 305346 | 309,362 | |||
| Debtors &Prepayments | 660 | ||||
| Cash atBank | 39,895 | 25,848 | |||
| Cash in Hand | |||||
| COIF Charities Deposit Fund | ~21 08 | 21 | 024 | ||
| ~62 78 | 48276 | ||||
| 367,624 | 357,637 | ||||
| CURRENT LIABILITIES | |||||
| Creditors and Accruals | 3 193 | ~5169 | |||
| 364,431 | 352,468 | ||||
| LONG TERMLIAB | |||||
| Loatl | 0 | 0 | |||
| FINANCED BY:- | |||||
| ACCUMULATED FUNDS |
|||||
| Balance B/F | 352,468 | 353,882 | |||
| Prior Year Adjustment | |||||
| Add: (Deficit)/Surplus |
11963 | ~1414 | |||
| APPROVED BYTHE BOARD OFTRUS | RSON | ||||
| PASTOR FAABATTI | HON TREASURER | ||||
| SENIOR APPOSTLRJFAAIALA | CHAtR | MAN | |||
| Page 6 |
| Church's activities and aproportion ofthese charges are consistent with the use ofthe resources. |
Church's activities and aproportion ofthese charges are consistent with the use ofthe resources. |
Church's activities and aproportion ofthese charges are consistent with the use ofthe resources. |
allocate | d to ex | penditure |
headings on abasis |
headings on abasis |
headings on abasis |
|
|---|---|---|---|---|---|---|---|---|---|
| e. Investments are stated at market value. It isthe Church's |
policy | to keep | valuations | up to date such that | |||||
| when investments are sold there |
isno gain orloss mising to previous yems. | ||||||||
| f. Tangible assets are included at | cost and depreciation | isprovided | onastraight line | basis, in | order to write | ||||
| oifthe assets over their useful lives. | |||||||||
| g. All expenditure is accounted for on an Accrual Basis. |
|||||||||
| The depreciation rates are as follows: |
|||||||||
| Freehold buildings | M | ||||||||
| Printing equipment and computer |
hardware | 10o/o | |||||||
| Fixtures and Fittings | 10/o | ||||||||
| Studio and Musical Equipment | 20% | ||||||||
| Sport Equipment | 20o/o | ||||||||
| 2. INCOMING SOURCES |
o~~Ed | ~Tolr | o | ||||||
| Ftmds | 2020 | 2019 | |||||||
| Incoming resooroeslom donors |
E | E | E | ||||||
| Planned tp'vingt |
|||||||||
| Tithes | 21,111 | 21,111 | 14,688 | ||||||
| Missionary Funds |
|||||||||
| Collection (open plate) | at all services | 6,696 | 6,696 | 8,051 | |||||
| Offering | 4,265 | 4,265 | 3,798 | ||||||
| Harvest | 385 | 3B5 | 496 | ||||||
| Building fund |
30 | 30 | |||||||
| Anniversary | 6,603 | 6,603 | 14,684 | ||||||
| Thanks giving | 8,139 | 8,139 | 7,703 | ||||||
| Others/Interest | 40 | 56 | 96 | 175 | |||||
| TOTAL INCOMING | RESOURCES | ||||||||
| Page 7 |
| IMtiee | ||||||||
|---|---|---|---|---|---|---|---|---|
| FIEIrPASSETS | Freehold | ~Srt ~ESiiment |
Musical K~ni m |
~ttg n~ni &ment |
Rxtures ~Fittin |
tb | ||
| tyyo | 20% | 2'/a | 1(y/o | 10o/o | ||||
| Cost | ||||||||
| At 1January 2020 | 293,952 | 1,500 | 8,500 | 29,088 | 11,072 | 344112 | ||
| Disposal | ||||||||
| Addition | 0 | 0 | 0 | 0 | ||||
| At 31December 2020 | LSS | LSD | ||||||
| A ate D reciati |
||||||||
| BIF- 1 Jannary 2020 | 1,500 | 8,500 | 18,053 | 6,697 | 34,750 | |||
| Disposal | ||||||||
| Charge for the year | 2909 | 1 107 | 4016 | |||||
| At 31December 2020 | LSH | |||||||
| Net SookValue | ||||||||
| At 31December 2020 | ||||||||
| At 31December 2020 |
| CHERUBIM AND SERAPHIM CHURCH | CHERUBIM AND SERAPHIM CHURCH | CHERUBIM AND SERAPHIM CHURCH | CHERUBIM AND SERAPHIM CHURCH | CHERUBIM AND SERAPHIM CHURCH | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SURULERE AYO NIO UKTRUST NOTES TO STATEMENT OFFIN CIALAC~S |
||||||||||||
| FORTHE | YEAR | ED | 31DECEMBER2020 | |||||||||
| 2020 | ||||||||||||
| T TALINCO GRESO |
CES | |||||||||||
| Tithes | 21,111 | 14,688 | ||||||||||
| Mssionary Funds |
||||||||||||
| Collection(Open Plate) |
at all Service | 4696 | 8,051 | |||||||||
| Offering | 4365 | 3,798 | ||||||||||
| Harvest | 385 | 496 | ||||||||||
| Building fund | 30 | 0 | ||||||||||
| Anniversary | 6,603 | 14,684 | ||||||||||
| Thanks giving | 8,139 | 7,703 | ||||||||||
| Others | 40 | 47469 | 56 | 49,476 | ||||||||
| Interest &am Deposit | Accounts | 56 | 119 | |||||||||
| 47@25 | 49/95 | |||||||||||
| E~XPRND | IIRES | |||||||||||
| A | SIONARY /CHARITABLE | GIVING | ||||||||||
| Missionary giving |
150 | 150 | ||||||||||
| B | CHURCH RUNNING | ACTIVITIES | ||||||||||
| Rents | 8,150 | 17,225 | ||||||||||
| Light ItHeating | 2,590 | 3,633 | ||||||||||
| Funeral Cost | 100 | |||||||||||
| Water Rate | 143 | |||||||||||
| Advertisement dk Flyers |
||||||||||||
| Honourarium | 805 | |||||||||||
| Harvest (Children | dt | Adult) | 1,000 | |||||||||
| Legal /k Professional | fees | 3,091 | ||||||||||
| Chritmas Party | 263 | 0 | ||||||||||
| Radio Broadcast | 550 | |||||||||||
| Printing Postages dt Stationeries | 627 | 369 | ||||||||||
| Telephone Expenses | 1,053 | 1,316 | ||||||||||
| Anniversary/Summer | Fun Day | 1,089 | ||||||||||
| lnsumnce | 164 | 1,850 | ||||||||||
| Church Officiating | Materials | 0 | 13,090 | 925 | 31,854 | |||||||
| C | ||||||||||||
| Church Cleaning | ||||||||||||
| Repairs dt Mainterumce | 7,819 | 2,898 | ||||||||||
| Waste Removal | 864 | 833 | ||||||||||
| Decorations | 0 | 1 | 064 | 4,795 |
| CHK | UKIM | AND SERAPHIM CHURCH | AND SERAPHIM CHURCH | AND SERAPHIM CHURCH | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| SURU-LKRK AYO NIO UKTRUS | ||||||||||||||
| NOTES | TOTHE | ANCIAL STATEMENTS | CONTD | |||||||||||
| FOR | END | 31DKCEMS | 2020 | |||||||||||
| Transport tk TravelHng | 6,702 | 7,138 | ||||||||||||
| Evangelism | 250 | 25 | 7,163 | |||||||||||
| WELFARE/COMMUNITY | SES | |||||||||||||
| Welfare | 364 | 1,144 | ||||||||||||
| Community Expenses |
0 | 0 | 1,144 | |||||||||||
| ADMINISTRATIO | ||||||||||||||
| Sundry Expenses | 187 | |||||||||||||
| Pastorial Expenses | 1,057 | 500 | ||||||||||||
| Accountancy fee |
1,200 | 1,200 | ||||||||||||
| Depreciation | 4,016 | 4,016 | ||||||||||||
| Bank Charges | 0 | ~73 ~35 62 |
0 | 5990 | ~51 | 9 | ||||||||
| NET INCOMING/(OUTGOING) | RESCOURCKS | |||||||||||||
| Unrostrttlhd R~ | duo/ment | Total | Funds | |||||||||||
| 2020 | 2019 | |||||||||||||
| 3. | RE | URCES EXPENDED | ||||||||||||
| 3a. | Missionary and chargahte |
giving: | 0 | 150 | ||||||||||
| Activit/es directty re/a/tag |
tochnrch | work | ||||||||||||
| Church - running expenses |
13,090 | 13,090 | 31,854 | |||||||||||
| Church maintenance | 8,683 | 8,683 | 4,795 | |||||||||||
| Evangelism | 6,952 | 6,952 | 7,163 | |||||||||||
| Welfare/Community | Expenses | 364 | 0 | 364 | ~144 | |||||||||
| I | ||||||||||||||
| Church manage/neat | and | adndnistratton | ||||||||||||
| Administmtion 1 |
2,257 | 2,257 | 1,887 | |||||||||||
| Administration 2(Depreciation) |
4,016 | 4,016 | 4,016 | |||||||||||
| nook chores | 0 | 0 | 0 | 0 | ||||||||||
| ii | %47t | LSQ | ||||||||||||
| TOTAL RESOURCES EXPENDED | ||||||||||||||
| 4 | COFI- Charity Funds |
| HSBC - Account No. 1 | HSBC - Account No. 1 | 17,810 | 17,810 | 17,810 | 4,455 | 4,455 | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| HSBC —Accoum No. 2 | 2,474 | 2,474 | 772 | ||||||||
| Barclays Community Account |
19611 | 0 | 0 | 19611 | 20 | 620 | |||||
| II | E | ||||||||||
| COIF Charities Deposit Faad | |||||||||||
| Balance B/f | 21,024 | 21,024 | 21,024 | 20,905 | |||||||
| Add: HSBC | 1 | ||||||||||
| Add Interest | 56 | 0 | 56 | ~11 | |||||||
| 21,080 | 0 | 21,080 | 21,024 | ||||||||
| Less Transfer Less Transfer |
to Current Account(Barclays) (Unp~ Cheque) |
0 | 0 | 0 | |||||||
| E | |||||||||||
| U | I'Be B | BBBAE | 5 | .~rl I | d | ||||||
| funds | Funds | Fande | 2020 | 2019 | |||||||
| CRE ITORS ANIS A CRUALS | $ | ||||||||||
| Balance B/F | 1,993 | 1,993 | 3,969 | ||||||||
| Less Payments | |||||||||||
| Accountancy | and Book-keeping | 1,200 | 1,200 | ||||||||
| HMRC | |||||||||||
| Others | 0 | 0 | |||||||||
| LONG TERMLIABILITY | |||||||||||
| Debtors 8/F | 660 | 660 | |||||||||
| Uncredited transfer COIF Charity Deposit |
|||||||||||
| 660 | 660 |