| 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 2022 | Funds 2021 | ||||
| Notes | ||||||
| Tithes, offering and Thanksgiving | 239,115 | 175,608 | ||||
| Gift Aid | 29,132 | 29,205 | ||||
| Other voluntary income |
||||||
| Bank interest received | ||||||
| Totallncome Resources |
268,247 | 204,813 | ||||
| Resources Expended | ||||||
| Missionary and charitable |
giving | 49,154 | 34,071 | |||
| Direct Parish Expenditure | 177,364 | 131,890 | ||||
| Management &Administration |
ofCharity | 1,725 | 2,455 | |||
| Total Resources Expended | 228,243 | 168,416 | ||||
| Net Income and outgoing | resources | 40,004 | 36,397 | |||
| Net Movement in Fund |
||||||
| Adjustment Unrestricted |
Fund Balance | |||||
| B/FWD | 422,110 | 385,714 | ||||
| Unrestricted Fund Balances C/FWD |
462,114 | 422,110 |
| Total this year | Total last year | |||||||
|---|---|---|---|---|---|---|---|---|
| Notes | f | f | ||||||
| Fixed assets | ||||||||
| Tangible assets | 3 | 436,591 | 454,549 | |||||
| Total fixed asset | 436,591 | 454,549 | ||||||
| Current assets | ||||||||
| Debtors | ||||||||
| Cash at bank | and in | hand | 75,887 | 41,941 | ||||
| 75,887 | 41,941 | |||||||
| Creditors: Amount | falling | due within one year | 28,176 | 27,935 | ||||
| Net current | assets | 47,711 | 14,005 | |||||
| Tota I assets | less current | liabilities | 484,302 | 468,553 | ||||
| Creditors: Amounts | falling due after more than | |||||||
| one year | 22,188 | 46,444 | ||||||
| Total net assets or | liabilities | 462,114 | 422,110 | |||||
| Funds ofthe | Charity | |||||||
| Restricted income | funds | |||||||
| Unrestricted | income | funds | 462,114 | 422,110 | ||||
| Revaluation | Reserve | |||||||
| Tota I funds | 462,114 | 422,110 |
| Unrestricted | Restricted | Total Fund | |||
|---|---|---|---|---|---|
| Income and Resources | |||||
| Tithes, offering and Thanksgiving | 239,115 | 239,115 | |||
| Gift Aid | 29,132 | 29,132 | |||
| Other voluntary income |
|||||
| Bank interest received | |||||
| Total Income Resources | 268,247 | 268,247 | |||
| OUTGOINGS | |||||
| Missionary and charitable |
giving | ||||
| RCCG central office | 11,068 | 11,068 | |||
| FOL | |||||
| Other mission &charities | 250 | 250 | |||
| RCCG parishes | 5,152 | 5,152 | |||
| WEM | 28,684 | 28,684 | |||
| Region/province | 4,000 | 4,000 | |||
| 49,154 | 49,154 | ||||
| Direct Parish Expenditure | |||||
| Ministry: | |||||
| Honorarium | 15,310 | 15,310 | |||
| Wages &salary &taxes | 69,495 | 69,495 | |||
| Resident Pastor (Thanksgiving) | 9,796 | 9,796 | |||
| Church —running cost: |
|||||
| Mortgage interest &other | loan | 2,357 | 2,357 | ||
| telephone and multimedia |
2,092 | 2,092 | |||
| Repairs & maintenance | 3,970 | 3,970 | |||
| Printing &Stationeries |
1,063 | 1,063 | |||
| Welfare and charitable | activities | 6,983 | 6,983 | ||
| Book, communion etc |
999 | 999 | |||
| Utilities | 9,855 | 9,855 | |||
| Vehicle running cost |
258 | 258 | |||
| Cleaning | 670 | 670 | |||
| Conferences &training |
7,301 | 7,301 | |||
| Accessories | 484 | 484 | |||
| Insurance | 3,180 | 3,180 |
| Admin | 3,464 | 3,464 | ||
|---|---|---|---|---|
| premises | ||||
| Entertainment | ||||
| Petty cash | 1,200 | 1,200 | ||
| Choir, Youth | &Children | 785 | 785 | |
| Travelling expenses |
6,152 | 6,152 | ||
| Musical production | ||||
| Installation | costs | 349 | 349 | |
| Depreciation | 31,601 | 31,601 | ||
| 177,364 | 177,364 | |||
| Management | &Administration | of | ||
| Charity | ||||
| Professional | and Consultancy | fees | 1,540 | 1,540 |
| Bank charges | 185 | 185 | ||
| HP interest | ||||
| 1,725 | 1,725 |
| Depreciation | has been provided atthe following rates on areducing balance method. | |
|---|---|---|
| Equipment | 25O/0 | |
| Church Offices, Fixtures and Fitting | 250/o | |
| Furniture's | S.computer | 250/0 |
| orVehicle | 25O/0 |
| 2.Operating Profit |
2022 | 2021 |
|---|---|---|
| This is stated after charging: | ||
| Depreciation ofowned fixed assets | F31,601 | f47,049 |
| 3.Tangible Fixed Assets |
|||
|---|---|---|---|
| Land and | |||
| Buildings | Equipment | Total | |
| Cost/Net BookValue |
|||
| As at 1stJanuary 2022 | 724,133 | 724,133 | |
| Addition rimprovementjduring the year |
11,527 | 2,114 | 13,641 |
| Disposa I/ written off | |||
| At 31st December 2022 | 735,660 | 737,774 | |
| Depreciation | |||
| As at 1stJanuary 2021 | 269,583 | 269,583 | |
| Depreciation charge for the |
|||
| year | 31,072 | 31,601 | |
| Disposa I/written off |
|||
| At 31st December 2022 | 300,655 | 301,184 | |
| Net Book Value At 31st | |||
| December 2021 | 435,005 | 0 | 436,591 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| f | f | |||||
| 4.Creditors | amount | failling due within | ||||
| one year | ||||||
| Other creditors-Accountancy fees |
600 | |||||
| Bank loan | 28,176 | 27,335 | ||||
| 28,176 | 27,935 | |||||
| 2022 | 2021 | |||||
| f | f | |||||
| 5.Creditors | amount | failling due more | ||||
| than one year | ||||||
| Bank loan | 22,188 | 46,444 | ||||
| 22,188 | 46,444 | |||||
| 2022 | 2021 | |||||
| f | f | |||||
| 6.Unrestricted | funds | brought forward | 422,110 | 385,714 | ||
| Adjustment | unrestricted | funds for the | 40,004 | 36,397 | ||
| period | ||||||
| As at 31st December | 2021 | 462,114 | 422,110 | |||
| 2022 | 2021 | |||||
| 7.Staff cost | ||||||
| Ministers renumeration |
&others paid | |||||
| in the year | 69,495 | 45,109 |