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|||||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|