| Redeemed Christian |
Church ofGod - T | he Promised Land |
|---|---|---|
| Contents | Pages | |
| Business Information. .. | ||
| Structure, Governance | and Mgt. | |
| Trustee's report.. | ||
| Accountant's report. |
||
| Statement offinancial | activities...... | |
| Balance sheet.. | ||
| Balance sheet cont'd.. | ||
| Accounting Policies... |
........10-12 | |
| Schedule tothe Profit &Loss.. | .....13-14 | |
| Notes tothe accounts.. | .....15-16 |
| Balance Sheets at31 | March | 2021 | |||
|---|---|---|---|---|---|
| Fixed Assets: | Note | 2021 | 2020 | ||
| Tangible Assets | 3 | Equipment | Fixtures &Fittings | Total | |
| Cost | E | E | |||
| At 1April 2020 At 31March 2021 |
3,874 3,874 |
491 491 |
4,365 4,365 |
||
| Addition during year |
|||||
| Depreciation | |||||
| Charge forthe year | |||||
| Net BookValue | |||||
| At 31March 2020 At 1April 2021 Current Assets: |
3,874 3,874 |
491 491 |
4,365 4,365 |
||
| Cash at bank | 90,325 | ||||
| Trade debtors | |||||
| Current Liabilities |
|||||
| Creditors: amounts | |||||
| falling due within one | |||||
| year | |||||
| Net Current Assets: | 94,690 | ||||
| Amount due after more |
|||||
| than one year | 50,000 | ||||
| Total Net Assets: | 44,690 | ||||
| Charity funds | |||||
| Un-restricted funds |
44,367 | ||||
| Restricted funds | |||||
| Profit &Loss | 323 | ||||
| Net Funds | 44,690 |
| or | the year ended 31March 2021 | ||||
|---|---|---|---|---|---|
| 2 | Operating Profit |
2021 | |||
| This is stated after charging: | |||||
| Depreciation ofowned assets | |||||
| Retained Profit/Loss for the year |
323 | ||||
| Fixed Assets: | |||||
| 3 | Tangible | 2021 | |||
| Equipment | Fixtures &Fittings | Total | |||
| Cost | E | f | E | ||
| At 1April 2016 | 3,874 | 49 | 1 | 4,365 | |
| At 31March 2017 | 3,874 | 49 | 1 | 4,365 | |
| Addition during year |
|||||
| Depreciation | |||||
| Charge forthe year | |||||
| Net BookValue | |||||
| At 31March 2020 | 3,874 | 491 | 4,365 | ||
| At 1April 2021 | 3,874 | 491 | 4,365 | ||
| 4 | Current Assets: | ||||
| Cash at bank | 90,325 | ||||
| Trade debtors | |||||
| 5 | Current Liabilities | ||||
| Creditors: amounts falling due within |
|||||
| one year | |||||
| Net Current Assets: | 94490 | ||||
| Amount due after more than one year(Loan) |
50,000 | ||||
| Total Net Assets: | ~44 90 |
| Forthe year ended | 31March 2021 | ||||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| Income | E | E | |||
| Tithe, Offering &Thanksgiving | 32,240 | 46,151 | |||
| Gift Aid | 9,567 | ||||
| ~32240 | ~55 | 7 8 | |||
| ~Bd dc I |
|||||
| Employees Costs | |||||
| Pastors Allowance | 18,000 | 18,000 | |||
| Pastors Emolument | |||||
| ~18000 | 18000 | ||||
| Premises Costs | |||||
| Rent | 1,212 | 23,739 | |||
| Rate | |||||
| ~1212 | 23 | 9 | |||
| General Administrative | Expenses | ||||
| Printing and Stationary | 168 | ||||
| Loan Interest | |||||
| Light and Heat | |||||
| Thames Water | |||||
| Bank Charges | 60 | ||||
| Choir Running Expenses |
3,245 | ||||
| Conference &Seminar |
300 | ||||
| Advertisement/Promotion | 270 | ||||
| Ministry Expenses |
2,000 | ||||
| Repairs, Maintenance | and Installation | ||||
| Training and Education | |||||
| Telephone and Fax |
|||||
| General Expenses | 336 | ||||
| Postage | 73 | 62 | |||
| Books and Tapes | |||||
| Sundry Expenses | |||||
| Ministry Fuel/Travel |
Expenses | 478 | |||
| Lease Processing Cost | |||||
| Depreciation | |||||
| Inter-bank Transfer |
|||||
| ~3311 | ~28 | 55 | |||
| Professional Cost |
|||||
| Accountancy Fees |
900 | 1000 | |||
| Legal Fees |
| ~1 | ~18 | |
|---|---|---|
| Charitable Activities |
||
| Gifts &Grants to individuals | 2,750 | |
| WEM &Pastor's Welfare | 1.200 | |
| HQ And Divisional Support | 1,800 | 2,400 |
| Hospitalities/Welfare | 5,373 | |
| Retreats and Evangelism | 3,654 | |
| Other Charity Donations | 2,356 | |
| Festival ofLife | 1,200 | 1.200 |
| Honorarium | 400 | 500 |
| ~706 | L995 | |
| Total Resources Expended | ~31917 | ~62 |
| Profit/Loss | 323 | 4579 |
| 6 | Charityfunds | ||
|---|---|---|---|
| Un-restricted funds |
44,367 | ||
| Restricted funds | |||
| Profit gr Loss | 323 | ||
| Net Funds | 44,690 | ||
| Profit and Loss Account: | |||
| Profit/Loss account | |||
| 7 | At 31March 2017 | 323 | |
| Retained profit/loss |
323 | ||
| 6 | Pastor's Allowance | and Emolument | 18,000 |