NEW LIFE FOR ALL NATIONS GOSPEL CHURCH CHARITY NO. 1116758 FINANCIAL REPORT FOR THE YEAR ENDED 30 NOVEMBER 2021 NEW LIFE FOR ALL NATIONS GOSPEL CHURCH ## INCOME & EXPENDITURE STATEMENT ## FOR THE YEAR ENDED 30 NOVEMBER 2021 |Income
Administrative Expenses
Net Income surplus for the year
Net surplus brought forward
Net surplus carried forward|2021
155,096
-134,421
20,675
40,088
60,762||2020
95,755
-77,910| |---|---|---|---| ||||17,846
22,242| ||||40,088| The principal activities of New Life For All Gospel Church is the provision of extensive ranges of spiritual and religious charitable services , and intends to do so more extensively in the years to come It is the Trustee's responsibility to ensure the financial statements prepared give a true and fair view of the state of affairs of the church as at the end of the Financial year, and the surplus/deficit for the year; and in addition, reasonable and prudent judgements and estimates have been used in the preparation of the accounts ## **Trustees** ISRAEL OLUJACOBS PELUMI OREOLUWA EMMANUEL PELUMI ELIZABETH AIGBEDION OLUWATOYIN AJIMATE OLUTOYIN BOLA DADA ## NEW LIFE FOR ALL NATIONS GOSPEL CHURCH ## BALANCE SHEET AT 30 NOVEMBER 2021 |Fixed Assets
**Current assets:**
Debtors
Cash in hand and bank
**Current liabilities:**
Accruals and trade creditors
Creditors due after one year
Represented by:
Unrestricted reserves b/f
Income surplus for the year|101,810||2021
10,452
89,662
100,114
-39,352
60,762
40,088
20,675
60,762|-
23,711||2020
18,456
22,131| |---|---|---|---|---|---|---| ||101,810
-12,148|||23,711
-1,580||| |||||||| |||||||40,587| |||||||22,242
17,846| |||||||| |||||||| |||||||40,088| ## NEW LIFE FOR ALL NATIONS GOSPEL CHURCH ## INCOME & EXPENDITURE STATEMENT FOR THE YEAR ENDED 30 NOVEMBER 2021 ## NOTES TO THE ACCOUNT ## 1 Accounting Policies a) Basis of Accounting The financial statements have been prepared under the historical cost convention |2
Debtors
Rent deposit
Prepayment
3
Creditors
Amount falling due within one year:
Trade creditors
Bank loan
Accruals and creditors
Amount falling due after one year:
Bank loan||2021
-
-
-
-
10,648
1,500
12,148
39,352|2020
-
-| |---|---|---|---| ||||-| ||||-
-
1,580| ||||1,580| ||||| - 4 Charitable registration The organisation is a registered charity and with the Charity Commission registration no. 1116758 - 5 Historical Cost Profit and Loss All assets are stated in the financial statement as historical cost. Therefore no adjustments are required to the reported profit which is stated on an unmodified historical cost basis. ## NEW LIFE FOR ALL NATIONS GOSPEL CHURCH ## STATEMENT OF INCOME AND EXPENDITURE FOR THE YEAR ENDED 30 NOVEMBER 2021 |Income:
Council grant
Tithes and offerings
Other income -
Less: Administrative expenses
Honoraria and gifts to missions
Evangelism
Benevolence and love gifts
Rent
Insurance
Rates
Light and heating
Repairs and maintenance
Printing, postage and stationeries
Legal and professional fees
Telephone and internet
Motor and travelling
Accountancy
Depreciation
Lease written off
Members welfare and PPE
Net surplus for the year|10,880
3,210
45,200
13,000
755
199
1,021
45,686
641
-
785
897
750
1,317
500
9,580||**2021**
-
89,683
65,413
155,096
-134,421
20,675|8,965
2,800
35,800
10,878
-
220
984
2,387
278
1,290
1,295
1,046
750
2,137
500
8,580||**2020**
10,000
79,781
5,974| |---|---|---|---|---|---|---| |||||||95,755
-77,910| ||134,421|||77,910||| |||||||17,846| Signed by Mrs Oluwatoyin Dada Trustee Mr Lawrence Mbala Trustee ## NEW LIFE FOR ALL NATIONS GOSPEL CHURCH ## STATEMENT OF INCOME AND EXPENDITURE FOR THE YEAR ENDED 30 NOVEMBER 2021 ## COMPILATION REPORT TO TRUSTEES OF THE CHURCH We have examined the Accounts on pages 1 according to Accounting principles of un-audited financial statement. We report that the accompanying Financial Statements have been compiled from records kept by the church and information supplied by the Trustees. We have not audited the accounts and accordingly, do not express an opinion or any other form of assurance. ALLY BOATMAN COLLINS (ACCOUNTANTS) 62 BEECHWOOD ROAD LONDON E8 3DY 19-Sep-22 ## NEW LIFE FOR ALL NATIONS GOSPEL CHURCH ## STATEMENT OF INCOME AND EXPENDITURE FOR THE YEAR ENDED 30 NOVEMBER 2021 ## SHEDULE OF FIXED ASSETS |SHEDULE OF FIXED ASSETS||||| |---|---|---|---|---| |NBV at 1 December 2019
Addition during the year
Depreciation year charge
NBV c/f at 30 November 2020
NBV at 1 December 2020
Addition during the year
Depreciation year charge
NBV c/f at 30 November 2021|**Furniture**
**fittings**
**Church**
**Equipment**
3,046
3,500
6,546
-1,637
4,910
4,910
360
5,270
-1,317
3,952|**Leasehold**
**Property**
7,500
7,500
-500
7,000
7,000
-
7,000
-500
6,500||**Total**
10,546
3,500| |||||14,046
-2,137| |||||11,910| |||||11,910
360| |||||12,270
-1,817| |||||10,452| ## ANALYSIS OF INCOME |2020
DEC
2021
JAN
FEB
MAR
APR
MAY
JUNE
JULY
AUG
SEPT
OCT
NOV|630.00
18,022.75
5,610.80
19,281.00
6,153.31
12,252.02
12,242.00
12,547.70
28,804.81
34,804.00
1,404.50
3,343.00| |---|---| ||155,095.89|