NEW LIFE FOR ALL NATIONS GOSPEL CHURCH CHARITY NO. 1116758
FINANCIAL REPORT FOR THE YEAR ENDED 30 NOVEMBER 2022
NEW LIFE FOR ALL NATIONS GOSPEL CHURCH
INCOME & EXPENDITURE STATEMENT
FOR THE YEAR ENDED 30 NOVEMBER 2022
| Income Administrative Expenses Net Income surplus for the year Net surplus brought forward Net surplus carried forward |
2022 27,533 -45,526 -17,993 22,242 4,249 |
2021 155,096 -134,421 |
|
|---|---|---|---|
| 20,675 40,088 |
|||
| 60,763 |
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 2022
| 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 |
- 35,385 |
2022 8,964 101,810 101,810 -12,148 33,805 42,769 -39,352 3,418 1 60,763 -17,993 42,770 |
2021 10,452 89,662 |
||
|---|---|---|---|---|---|
| 35,385 -1,580 |
|||||
| 100,114 -39,352 |
|||||
| 60,762 | |||||
| 40,088 20,675 |
|||||
| 60,763 |
NEW LIFE FOR ALL NATIONS GOSPEL CHURCH
INCOME & EXPENDITURE STATEMENT FOR THE YEAR ENDED 30 NOVEMBER 2022
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 |
2022 - - - - - 1,580 1,580 39,352 |
2021 - - |
||
|---|---|---|---|---|
| - | ||||
| - 10,648 1,500 |
||||
| 12,148 | ||||
| 39,352 |
- 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 2022
| 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 |
6,500 2,800 - 20,500 755 220 984 2,125 322 1,290 1,295 897 750 988 500 5,600 |
2022 2021 - 27,533 89,683 65,413 27,533 155,096 10,880 3,210 45,200 13,000 755 199 1,021 45,686 641 - 785 897 750 1,317 500 9,580 134,421 -45,526 -134,421 -17,993 20,675 |
2021 - 89,683 65,413 |
|
|---|---|---|---|---|
| 45,526 | ||||
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 2022
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 2022
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 NBV at 1 December 2021 Addition during the year Depreciation year charge NBV c/f at 30 November 2022 |
Furniture fittings Church Equipment 3,046 3,500 6,546 -1,637 4,910 4,910 360 5,270 -1,317 3,952 3,952 3,952 -988 2,964 |
Leasehold Property 7,500 7,500 -500 7,000 7,000 - 7,000 -500 6,500 6,500 6,500 -500 6,000 |
Total 10,546 3,500 |
|
| 14,046 -2,137 |
||||
| 11,910 | ||||
| 11,910 360 |
||||
| 12,270 -1,817 |
||||
| 10,452 | ||||
| 10,452 | ||||
| 10,452 -1,488 |
||||
| 8,964 |