| Unrestricted | Restricted | Endowment | Total | Funds | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Notes | Funds | Funds | Funds | 2021 | 2020 | |||||
| f, | ||||||||||
| INCOME | ||||||||||
| Incoming resources from | donors | 2 | 58,195 | 58,195 | 47,269 | |||||
| Other incoming resources | 2a | 0 | 2 | 56 | ||||||
| TOTAL INCOMING RESOURCES | ||||||||||
| RESOURCES EXPENDED | ||||||||||
| Costs ofgenerating funds |
||||||||||
| Missionary and Charitable |
giving | 3a | 150.00 | 150.00 | ||||||
| Activities directly relating | to the | |||||||||
| work ofthe church | 3b | 39,129 | 39,129 | 29,089 | ||||||
| Church management and |
administration | 3c | 4916 | 0 | 4916 | 6273 | ||||
| TOTAL RESOURCES | EXPENDED | 9 | ~4 | |||||||
| NET INCOMING/(OUTGOING) | RESOURCES | Q | ~4 | ~11 | ||||||
| GAINS AND LOSSESON INVESTMENTS |
| 2021 | 2020 | ||
|---|---|---|---|
| FIXEDASSETS | |||
| Tangible Assets | 301,330 | 305,346 | |
| CURRENT ASSETS | |||
| Debtors 5Prepayments | 660 | 660 | |
| Cash at Bank | 58,564 | 39,895 | |
| Cash in Hand | 643 | 643 | |
| COIF Charities Deposit Fund | 21 082 | 21 080 | |
| 80949 | 62278 | ||
| 382,279 | 367,624 | ||
| CURRENT LIABILITIES | |||
| Creditors and Accruals |
3 846 | - 3 193 | |
| 378,433 | 364,431 | ||
| LONG TERM LIABILITY | |||
| Loan | |||
| FINANCED BY:- | |||
| ACCUMULATED FUNDS |
|||
| Balance B/F | 364,431 | 352,468 | |
| Prior Year Adjustment | |||
| Add: (Deficit)/Surplus |
14002 | 11963 | |
| KRAAL | |||
| APPROVED BYTHE BOARD OFTRUSTEES ON............... ... | |||
| PASTOR FA ABATTI | HON TREASURER | ||
| SENIOR APPOSTLEJFA AJALA ... | CHAIRMAN |
| ING RESOURCES | Unrestricted | Restricted | Endowmen | Total Funds | |||
| Funds | Funds | Funds | 2021 | 2020 | |||
| Incoming resourcesPom | donors | ||||||
| Planned giving: |
|||||||
| Tithes | 28,196 | 28,196 | 21,111 | ||||
| Missionary Funds |
|||||||
| Collection (open plate) at all services | 6,011 | 6,011 | 6,696 | ||||
| Offering | 3,760 | 3,760 | 4,265 | ||||
| Harvest | 622 | 622 | 385 | ||||
| Building fund |
0 | 0 | 30 | ||||
| Anniversary | 12,273 | 12,273 | 6,603 | ||||
| Thanks giving | 7,144 | 7,144 | 8,139 | ||||
| Others/Interest | 190 | 0 | 192 | 96 | |||
| TOTAL INCOMING RESOURCES | ~4 | ||||||
| Page 7 |
| Office | Office | |||||||
|---|---|---|---|---|---|---|---|---|
| FIXEDASSETS | Freehold | ~Sort | Musical | P~rintia | Fixtures | & | ||
| ~Pro )et+ | ~Kui ment | E~ui men | E~ui | ment | F~ittin | s | Total | |
| 0% | 20% | 20% | 10% | 10% | ||||
| Cost | ||||||||
| At 1 January 2021 |
293,952 | 1,500 | 8,500 | 29,088 | 11,072 | 344,112 | ||
| Disposal | ||||||||
| Addition | 0 | 0 | 0 | 0 | 0 | 0 | ||
| At 31December 2021 | 2~2K | ~4410 | ||||||
| A re ate De reciation |
||||||||
| B/F - 1 January 2021 | 1,500 | 8,500 | 20,962 | 7,804 | 38,766 | |||
| Disposal | ||||||||
| Charge for the year | 0 | 2909 | 1 107 | 4016 | ||||
| At 31December 2021 | ~4 | |||||||
| Net BookValue | ||||||||
| At 31 December 2021 | ||||||||
| At 31December 2020 | 9 | KG% | ~ | ZKM4 |
| CHERUBIM AND SERAPHIM | CHERUBIM AND SERAPHIM | CHERUBIM AND SERAPHIM | CHERUBIM AND SERAPHIM | CHERUBIM AND SERAPHIM | CHURCH | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| SURULERE | AYO NIO | UK | TRUST | |||||||
| NOTES | TO STATEMENT OF FINANCIAL ACTIVITIES | |||||||||
| FORTHE | YEAR ENDED | 31DECEMBER2021 | ||||||||
| 2021 | 2020 | |||||||||
| TOTAL | INCOMING RESOURCES | |||||||||
| Tithes | 28,196 | 21,111 | ||||||||
| Missionary Funds |
||||||||||
| Collection(Open Plate) |
at all | Service | 6,011 | 6,696 | ||||||
| Offering | 3,760 | 4,265 | ||||||||
| Harvest | 622 | 385 | ||||||||
| Building fund |
0 | 30 | ||||||||
| Anniversary | 12,273 | 6,603 | ||||||||
| Thanks giving | 7,144 | 8,139 | ||||||||
| Others | 190 | 58,195 | 40 | 47,269 | ||||||
| Interest Irom Deposit | Accounts | 2 | 56 | |||||||
| 58,197 | ||||||||||
| EXPENDITURES | ||||||||||
| A | MISSIONARY /CHARITABLE | GIVING | ||||||||
| Missionary giving |
150 | 150 | ||||||||
| B | CHURCH RUNNING ACTIVITIES | |||||||||
| Rents | 12,225 | 8,150 | ||||||||
| Light &Heating | 3,538 | 2,590 | ||||||||
| Funeral Cost | 200 | 100 | ||||||||
| Water Rate | 276 | 143 | ||||||||
| Advertisement &Flyers |
308 | |||||||||
| Honourarium | 1,775 | |||||||||
| Harvest (Children & | Adult) | 1,000 | ||||||||
| Legal &Professional | fees | |||||||||
| Chritmas Party |
570 | 263 | ||||||||
| Radio Broadcast | ||||||||||
| Printing Postages & | Stationeries | 426 | 627 | |||||||
| Telephone Expenses |
1,047 | 1,053 | ||||||||
| Anniversary/Summer | Fun | Day | 181 | 0 | ||||||
| Insurance | 3,588 | 164 | ||||||||
| Church Officiating Materials | 55 | 25,189 | 0 | 13,090 | ||||||
| C | CHURCH MAINTENANCE | |||||||||
| Church Cleaning | ||||||||||
| Repairs &Maintenance | 1,708 | 7,819 | ||||||||
| Waste Removal | 856 | 864 | ||||||||
| Decorations | 0 | 2,563 | 0 | 8,683 | ||||||
| Page | 9 |
| EVANGELISM | ||||||||
|---|---|---|---|---|---|---|---|---|
| Transport &Travelling | 9,731 | 6,702 | ||||||
| Evangelism | 1 168 | 10,899 | 250 | 6,952 | ||||
| WELFARE/COMMUNITY | EXPENSES | |||||||
| Welfare | 478 | 364 | ||||||
| Community Expenses |
0 | 478 | 0 | 364 | ||||
| ADMINISTRATION | ||||||||
| Sundry Expenses | ||||||||
| Pastorial Expenses | 0 | 1,057 | ||||||
| Accountancy fee |
900 | 1,200 | ||||||
| Depreciation | 4,016 | 4,016 | ||||||
| Bank Charges | 0 | ~4916 | ~44195 | 0 | ~6273 | 3~5362 | ||
| NET INCOMING/(OUTGOING) | RESCOURCES | |||||||
| Unrestricted | Restricted | Endowment | Total Funds | |||||
| Funds | Funds | Funds | 2021 | 2020 | ||||
| 3. | RESOURCES EXPENDED | |||||||
| 3a. | Missionary and charitable giving: |
150 | 150 | |||||
| 150 | ||||||||
| 3b. | Activities directly relating to church work | |||||||
| Church - running expenses |
25,189 | 25,189 | 13,090 | |||||
| Church maintenance | 2,563 | 2,563 | 8,683 | |||||
| Evangelism | 10,899 | 10,899 | 6,952 | |||||
| Welfare/Community | Expenses | 478 | 478 | 364 | ||||
| 3c. | Church management | and administration | ||||||
| Administration 1 |
900 | 900 | 2,257 | |||||
| Administration 2 (Depreciation) |
4,016 | 4,016 | 4,016 | |||||
| Bank Charges | 0 4994' |
0 | 0 g |
0 ~1 |
0 ~27 |
|||
| TOTAL RESOURCES EXPENDED | ~44 | |||||||
| COFI - Charity Funds | Q | ~22 | ~1 |
| HSBC - Account No. 1 | HSBC - Account No. 1 | 24,443 | 24,443 | 17,810 | |||
|---|---|---|---|---|---|---|---|
| HSBC —Account No. 2 | 4,915 | 4,915 | 2,474 | ||||
| Barclays Community Account |
29205 | 0 | 0 | 29205 | 19611 | ||
| SLS4 | |||||||
| COIF Charities Deposit | Fund | ||||||
| Balance B/f | 21,080 | 21,080 | 21,080 | 21,024 | |||
| Add: HSBC | 1 | ||||||
| Add Interest | 0 | 2 | 0 | 2 | 56 | ||
| 0 | 21,082 | 0 | 21,082 | 21,080 | |||
| Less Transfer | to Current Account(Barclays) | ||||||
| Less Transfer | (Unpresented | Cheque) | 0 | 0 | 0 | 0 | 0 |
| 9 | 9, | ||||||
| Unrestricted | Restricted | Endowmen | Total Funds | ||||
| Funds | Funds | Funds | 2021 | 2020 | |||
| CREDITORS AND ACCRUALS | |||||||
| Balance B/F | 1,993 | 1,993 | 1,993 | ||||
| Less Payments | |||||||
| Accountancy | and Book-keeping | 1,853 | 1,853 | 1,200 | |||
| HMRC | |||||||
| Others | 0 | 0 | 0 | 0 | |||
| LONG TERM LIABILITY | |||||||
| Loan | |||||||
| Debtors B/F | 660 | 660 | |||||
| Uncredited transfer COIF |
Charity Deposit | ||||||
| 660 | 660 |