| Pages | |
|---|---|
| Administrative | |
| Trustees report | |
| Independent Examiners' report |
|
| Statement offinancial activities | |
| Statement offinancial position | |
| Detailed income and expenditure | 9-10 |
| Notes to the Financial Statements |
| Unrestricted | Unrestricted | |||||
|---|---|---|---|---|---|---|
| Income Resources | Funds 2021 | Funds 2020 | ||||
| Notes | ||||||
| Tithes, offering and Thanksgiving | 175,608 | 170,833 | ||||
| Gift Aid | 29,205 | 20,732 | ||||
| Other voluntary income |
7,954 | |||||
| Bank interest received | 25 | |||||
| Total Income Resources | 204,813 | 199,544 | ||||
| Resources Expended | ||||||
| Missionary and charitable |
giving | 34,071 | 30,520 | |||
| Direct Parish Expenditure | 131,890 | 146,517 | ||||
| Management &Administration |
ofCharity | 2,455 | 2,589 | |||
| Total Resources Expended | 168,416 | 179,625 | ||||
| Net Income and outgoing | resources | 36,397 | 19,919 | |||
| Net Movement in Fund |
||||||
| Adjustment Unrestricted |
Fund Balance | |||||
| B/FWD | 385,714 | 365,795 | ||||
| Unrestricted Fund Balances C/FWD |
422,110 | 385,714 |
| Total this year | Total last year | |||||||
|---|---|---|---|---|---|---|---|---|
| Notes | f | f | ||||||
| Fixed assets | ||||||||
| Tangible assets | 3 | 454,549 | 446,314 | |||||
| Tota I fixed asset | 454,549 | 446,314 | ||||||
| Current assets | ||||||||
| Debtors | ||||||||
| Cash at bank | and in | hand | 41,941 | 41,089 | ||||
| 41,941 | 41,089 | |||||||
| Creditors: Amount | falling | due within one year | 27,935 | 1,700 | ||||
| Net current | assets | 14,005 | 39,389 | |||||
| Tota I assets | less current | liabilities | 468,553 | 485,703 | ||||
| Creditors: Amounts | falling due after more than | |||||||
| one year | 46,444 | 99,989 | ||||||
| Total net assets or | liabilities | 422,110 | 385,714 | |||||
| Funds ofthe | Charity | |||||||
| Restricted income | funds | |||||||
| Unrestricted | income | funds | 422,110 | 385,714 | ||||
| Revaluation | Reserve | |||||||
| Tota I funds | 422,110 | 385,714 |
| Unrestricted | Restricted | Total Fund | |||
|---|---|---|---|---|---|
| Income and Resources | |||||
| Tithes, offering and Thanksgiving | 175,608 | 175,608 | |||
| Gift Aid | 29,205 | 29,205 | |||
| Other voluntary income |
|||||
| Bank interest received | |||||
| Total Income Resources | 204,813 | 204,813 | |||
| OUTGOINGS | |||||
| Missionary and charitable |
giving | ||||
| RCCG central office | 960 | 960 | |||
| FOL | 640 | 640 | |||
| Other mission &charities | 1,500 | 1,500 | |||
| RCCG parishes | 1,645 | 1,645 | |||
| WEM | 26,326 | 26,326 | |||
| Region/province | 3,000 | 3,000 | |||
| 34,071 | 34,071 | ||||
| Direct Parish Expenditure | |||||
| Ministry: | |||||
| Honorarium | 8,610 | 8,610 | |||
| Wages &salary &taxes | 45,109 | 45,109 | |||
| Resident Pastor (Thanksgiving) | 5,370 | 5,370 | |||
| Church - running cost: | |||||
| Mortgage interest &other | loan | 2,357 | 2,357 | ||
| telephone and multimedia |
2,760 | 2,760 | |||
| Repairs & maintenance | 1,267 | 1,267 | |||
| Printing &Stationeries |
336 | 336 | |||
| Welfare and charitable | activities | 300 | 300 | ||
| Book, communion etc |
843 | 843 | |||
| Utilities | 5,865 | 5,865 | |||
| Vehicle running cost |
1,764 | 1,764 | |||
| Cleaning | 733 | 733 | |||
| Conferences &training |
5,130 | 5,130 | |||
| Accessories | |||||
| Insurance |
| Admin | 3,295 | 3,295 | ||
|---|---|---|---|---|
| premises | ||||
| Entertainment | ||||
| Petty cash | ||||
| Choir, Youth | &Children | 300 | 300 | |
| Travelling expenses |
1,687 | 1,687 | ||
| Musical production | ||||
| Installation | costs | 879 | 879 | |
| Depreciation | 47,049 | 47,049 | ||
| 131,890 | 131,890 | |||
| Management | &Administration | of | ||
| Charity | ||||
| Professional | and Consultancy | fees | 2,400 | 2,400 |
| Bank charges | 55 | 55 | ||
| HP interest | ||||
| 2,455 | 2,455 |
| Depreciation | has been provided atthe following rates on areducing balance method. | has been provided atthe following rates on areducing balance method. | |
|---|---|---|---|
| Equipment | 25O/0 | ||
| Church Offices, Fixtures and Fitting | 25O/0 | ||
| Furniture's S.computer |
25O/0 | ||
| orVehicle | 25'/o | ||
| 2.Operating | Profit | 2021 | 2020 |
| This is stated | after charging: | ||
| Depreciation | ofowned fixed assets | 647,049 | f42,545 |
| 3.Tangible Fixed Assets |
|||
|---|---|---|---|
| Land and | |||
| Buildings | Equipment | Total | |
| Cost/Net BookValue |
|||
| As at 1stJanuary 2021 | 666,673 | 134,423 | 801,096 |
| Addition rimprovementjduring |
57,460 | 57,460 | |
| the year | |||
| Disposa I/ written off | |||
| At 31st December 2021 | 724,133 | 134,423 | 858,556 |
| Depreciation | |||
| As at 1stJanuary 2021 | 239,280 | 117,677 | 356,958 |
| Depreciation charge for the |
|||
| year | 30,303 | 16,746 | 47,049 |
| Disposa I/written off |
|||
| At 31st December 2021 | 269,583 | 134,423 | 404,007 |
| Net Book Value At 31st | |||
| December 2021 | 454,549 | 0 | 454,549 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| f | f | |||||
| 4.Creditors | amount | failling due within | ||||
| one year | ||||||
| Other creditors-Accountancy fees |
600 | 1,700 | ||||
| Bank loan | 27,335 | |||||
| 27,935 | 1,700 | |||||
| 2021 | 2020 | |||||
| f | f | |||||
| 5.Creditors | amount | failling due more | ||||
| than one year | ||||||
| Bank loan | 46,444 | 99,989 | ||||
| 46,444 | 99,989 | |||||
| 2021 | 2020 | |||||
| f | ||||||
| 6.Unrestricted | funds | brought forward | 385,714 | 365,795 | ||
| Adjustment | unrestricted | funds for the | 36,397 | 19,919 | ||
| period | ||||||
| As at 31st December | 2021 | 422,110 | 385,714 | |||
| 2021 | 2020 | |||||
| 7.Staff cost | ||||||
| Ministers renumeration |
&others paid | |||||
| in the year | 45,109 | 53,637 |