||Page|Page|| |---|---|---|---| |Report of the Trustees|1|to|4| |Independent
Examiner's Report|||| |Statement of Financial Activities|||| |Balance Sheet|||| |Notes to the Financial Statements|8|to|14| |Detailed Statement ofFinancial Activities|15|to|16| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||FORTHE Y|EAR ENDED 31DECEM|BER 2020|| |---|---|---|---|---| ||||31.12.20|31.12.19| ||||Unrestricted|Total| ||||fund|funds| |||Notes||f,| |INCOME AND ENDOWMENTS FROM
Donations
and legacies|||74,358|72,557| |Other trading
activities|||328|1,269| |Total|||74,686|73,826| |EXPENDITURE ON
Raising funds|||58,462|64,557| |Charitable
activities
Ghana Missions
Great Commission
Society
Bible society
Barnabus
fund
Word Aflame Church
UCB|||1,820
710
500
500
500|3,000
1,000| |Josephs Storehouse
Christian
Concern|||300
500|| |Total|||63,292|68,557| |NET INCOME|||11,394|5,269| |RECONCILIATION|OFFUNDS|||| |Total funds brought|fortvard||138,890|133,621| |TOTAL FUNDS CARRIED FORWARD|||150,284|138,890| ## ||BALANCE SHEET
31DECEMBER 2020||| |---|---|---|---| |||31.12.20|31.12.19| |||Unrestricted|Total| |||fund|funds| ||Notes||f,| |FIXEDASSETS|||| |Tangible
assets||91,061|93,816| |CURRENT ASSETS|||| |Debtors|12|9/08|9,893| |Cash at bank and in hand||51,689|37,061| |||60,897|46,954| |CREDITORS|||| |Amounts
falling due within one year|13|(1,674)|(1,880)| |NET CURRENT ASSETS||59,223|45,074| |TOTAL ASSETSLESSCURRENT|||| |LIABILITIES||150,284|138,890| |NET ASSETS||150,284|138,890| |FUNDS|14||| |Unresuicted
funds||150484|138,890| |TOTAL FUNDS||150/84|138,890| ## ## ## ## ## ## ||FORTHE|FORTHE|YEAR ENDED 31DEC|EMBER 2020|| |---|---|---|---|---|---| |2.|DONATIONS
AND LEGACIES||||| |||||31.12.20|31.12.19| ||Gift aided giving
General offering|||45,124
29,234|49,332
23,225| |||||74,358|72,557| |3.|OTHER TRADINGA~S||||| |||||31.12.20|31.12.19| ||Other incomo|||328|1,269| ||RAISING FUNDS||||| ||Raising donations
and|legacies|||| |||||31.12.20|31.12.19| ||Salaries and wages
Bishop's travel expenses
Suppor t costs|||26,240
1,713
27,528|25,861
2,256
27,703| |||||55,481|55,820| ||Other trading
activities||||| |||||31.12.20|31.12.19| ||Guest speakers
Holy communion,
flowers, retreshments
Youth ministry
expenses||etc|750
234
15|3400
19
404| ||Outreach
and fellowship|events||1,982|5,114| |||||2,981|8,737| ||Aggregate
amounts|||58,462|64,557| ## |5.|CHARITABLE ACTIVITIES|CHARITABLE ACTIVITIES|COSTS|COSTS|||Direct| |---|---|---|---|---|---|---|---| ||||||||Costs| ||Ghana Missions
Great Commission
Society||||||1,820
710
500| ||Bible society
Barnabus
fund||||||500
500| ||UCB
Josephs Storehouse||||||300
500| ||Christian
Concern||||||| ||||||||4,830| |6.|SUPPORT COSTS||||||Management| ||||||||8| ||Raising donations
and legacies||||||27,528| |7.|NET INCOME/(EXPENDITURE)||||||| ||Net income/(expenditure)|is stated||after charging/(crediting):|||| ||||||31.12.20||31.12.19| ||Depreciation
- owned assets||||4,302||4486| ||TRUSTEES' REMUNERATION|||AND BENEFITS|31.12.20||31.12.19| ||||||8||| ||Bishop's salary
Bishop's pension contributions||to defined benefit scheme||25,657
583||25,327
534| ||||||26,240||25,861| ||Trustees'
expenses||||31.12.20||31.12.19| ||||||||8| ||Trustees'
expenses||||1,713||2,256| ## ## ## |9.|STAFFCOSTS||||||| |---|---|---|---|---|---|---|---| ||The average monthly|number ofemployees|||during the year was as follows:||| |||||||31.12.20|31.12.19| ||Bishop|||||1|1| ||Administration|||||1|1| ||No employees
received||emoluments|in excess of860,000.|||| |10.|COMPARATIVES|FOR THE STATEMENT OFFINANCIAL ACTIVITIES|||||| ||||||||Unrestricted| ||||||||fund| ||INCOME AND ENDOWMENTS|||FROM|||| ||Donations
and legacies||||||72,557| ||Olher trading activities||||||I/69| ||Total||||||73,826| ||EXPENDITURE ON||||||| ||Raising funds||||||64,557| ||Charitable
activities||||||| ||Ghana Missions||||||3,000| ||Word Aflame Church||||||1,000| ||Total||||||68,557| ||NET INCOME||||||5,269| ||RECONCILIATION||OF FUNDS||||| ||Total funds brought|forward|||||133,621| ||TOTAL FUNDS CARRIED FORWARD||||||138,890| ||NOTES TO THK FINANCIAL STATEMENT
FORTHE YEARENDED 31DECEMB|S -continue
ER 2020|d|| |---|---|---|---|---| |11.|TANGIBLE FIXEDASSETS|||| ||||Fixtures|| |||Church|and|| |||Building|fittings|Totals| |||g||| ||COST|||| ||At 1 January 2020
Additions|123,823|28,736
1,547|152,559
1,547| ||At 31December 2020|123,823|30,283|154,106| ||DEPRECIATION|||| ||At 1 January 2020
Charge for year|32,502
2,475|26,241
1,827|58,743
4,302| ||At 31December 2020|34,977|28,068|63,045| ||NET BOOKVALUE|||| ||At 31December 2020|88,846|2,215|91,061| ||At 31December 2019|91,321|2,495|93,816| |12.|DEBTORS:AMOUNTS FALLING DUE WITHIN ONK YEAR|||| ||||31.12.20|31.12,19| ||HMIIC gift aid receivable
Prepayments||9,025
183|9,742
151| ||||9308|9,893| |13.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR||31.12.20|31.12.19| ||Social security and other taxes||394|443| ||Pension account||140|| ||Accrued expenses||1,140|1,437| ||||1,674|1,880| |14.|MOVEMENT IN FUNDS|||| ||||Net|| ||||movement|At| |||At 1.1.20|in fimds|31.12.20| |||f,||6| ||Unrestricted
funds|||| ||General fund|138,890|11,394|150,284| ||TOTAL FUNDS|138,890|11,394|150,284| ## ## |||||||Resources|Movement| |---|---|---|---|---|---|---|---| |||||||expended|in funds| |Unrestricted||funds|||||| |General|fund||||74,686|(63,292)|11,394| |TOTAL|FUNDS||||74,686|(63,292)|11,394| |Comparatives||for movement||in funds|||| |||||||Net|| |||||||movement|At| ||||||At 1.1.19|in funds|31.12.19| |||||||f.|| |Unrestricted||funds|||||| |General|fund||||133,621|5,269|138,890| |TOTAL|FUNDS||||133,621|5,269|138,890| |Comparative||net movement|in|funds, included|in the above are as fogows;||| ||||||Incoming|Resources|Movement| ||||||resources|expended|in funds| ||||||f,||f,| |Unrestricted||funds|||||| |General fund|||||73,826|(68,557)|5,269| |TOTAL|FUNDS||||73,826|(68,557)|5,269| ||||Net|| |---|---|---|---|---| ||||movement|At| |||At 1.1.19|in funds|31.12.20| |||||f,| |Unrestricted|funds|||| |General fund||133,621|16,663|150/84| |TOTALFUNDS||133,621|16,663|150,284| ## ## |A current yea
as follows:|r 12 months
and prior year 12|months
combined
net movement
in|funds, included
i|n the above| |---|---|---|---|---| |||Incoming|Resources|Movement| |||resources|expended|in funds| ||||f,|| |Unrestricted
General fund|funds|148,512|(131,849)|16,663| |TOTALFUNDS||148,512|(131,849)|16,663| ## ## |||FOR|THE YEAR ENDED 31DEC|EMBER 2020|| |---|---|---|---|---|---| |||||31.12.20|31.12.19| |||||8|| |INCOME AND ENDOWMENTS|||||| |Donations
and legacies|||||| |Gift aided giving
General offering||||45,124
29434|49,332
23325| |||||74,358|72,557| |Other trading
activities|||||| |Other income||||328|1,269| |Total incoming
resources||||74,686|73,826| |Raising donations
and legacies|||||| |Bishop's salary
Bishop's pension contributions||to defined|benefit|25,657|25,327| |scheme||||583|534| |Bishop's travel expenses||||1,713|2/56| |||||27,953|28,117| |Other trading activities|||||| |Guest speakers
Holy communion,
flowers, refreshments|||etc|750
234|3,200
19| |Youth ministry
expenses||||15|404| |Outreach and fellowship|events|||1,982|5,114| |||||2,981|8,737| |Charitable
activities|||||| |Missions and donations||||4,830|4,000| |Support costs|||||| |Management|||||| |Wages
Pensions||||10,800
138|10,800
129| |Water, light and heat
Insumnce
Health and safety||||4/07
1,077
780|3,998
1,148
417| |Telephone||||622|878| |Postage and stationery||||347|470| |Christian
copyright
licencing||||289|232| |Administration
expenses||||544|535| |Farewell and welfare||||740|300| |Equipment
repairs
Repairs and renewals||||463
1,318|1,570
555| |Carried forward||||21,325|21,032| ## ||FORTHE YEAR ENDED 31DECEMBER 2020||| |---|---|---|---| |||31.12.20|31.12.19| ||||f,| |Management
Brought forward
Cleaning
Accountanry
Freehold property
Fixtures and fittings||21,325
743
1,158
2,475
1,827|21,032
1@81
1,104
2,475
1,811| |||27,528|27,703| |Total resources expended||63,292|68,557| |Net income||11,394|5,269|