2020-12-31-accounts

B T C usiness Information .......................................................................1
Structure, Governance and Management .....................................2
Trustees Report...............................................................................3
+& Accountant sReport........................................................................4
S ~O 0g0 tatement offinancial acuvities......................................................5
alance sheet ....................................................................................6 B
Balance Sheet continued. .................................................................7
Schedule to the Profit and Loss Account.......................................8
A ~ ~ ccounting pohcies .....................................................................9 11
Notes to the Accounts................................................................]113

Tangible Fixed Assets	Tangible Fixed Assets
			Fixtures	dk
		Equipments	Fittings
					2020	2019
					(&)	(&)
Cost
At 1stJan 2019		3,000		2,450	5,450	5,450
Additional During Year
At 1stJan 2019		3,000		2,450	5,450	5,450
Depreciation
Depreciation for the year
Addition for the Year
Net Book Value
At 31st Dec 2020		3,000		2,450	5,450	5,450
Cunent Assets
Cash at Bank					1,787	2,567
Trade Debtors
Curre nt Liabilities
Creditors: Amount	falling
due within a year
Accountancy fees					650	650
Net Current Assets					6,587	7,367
Amount falling due	aiter
more than one year
Net Assets
Charity Funds
Unrestricted Funds					7/76	3,395
Restricted Funds
Profit 4 Loss
Total Funds

					2020	2019
Income:
Tithe					18,608	34,702
Offering					10,695	8/09
Thanksgiving
Others						1,750
Gift Aid
Total Income					29,303	44,661
Expenses:
Employee Costs
Pastor emoluments					13,719	15,600
Premises Costs
Rent and Rate					5,884	15,402
General Administrative		Expenses
Printing and stationaries					69	720
UtiTities (gas/electricity/water)
Bank charges					215	194
Equipments &accessories					172	455
Conference & seminars					783	390
Advertisement						270
Repairs, maintenance	& instillation			(renovation/projects)		1,490
Telephone & internet						482
Storage					4+66	3,096
Accountancy					650	650
Fuel and travel expenses
Children department	expenses
Miscelhneous					34
Depreciation
Gifts & grants to individuals					3+00
Hospitality/welfare						380
Retreats and evangelism
Other charity donations
Ministry expenses (Honorarium			&	gifts)	1,000	1,560
Total Expenses					29,992	40,689
Net income					(689)	3,972

			2020
			(&)
2		Operating profit:
		This is stated after charging:
		Depreciation of owned assets
		Retained Profit/Loss for the year
3		Tan ible Fixed Assets		Fixtures
			Equipments	8r,	2020	2019
				Fittings
				(~)
		Cost At 1st January, 2015	3,000	2,450	5,450	5,450
		Additions during year At 31st December, 2015	3,000	2,450	5,450	5,450
		Depreciation
		At 1st January, 2020
		Additions during year
		At 31st December, 2015
		Net book value (NBV) At 31st December, 2020	3,000	2,450	5,450	5,450
	4	Current Assets Cash at bank			1,787	2,567
		Trade debtors Total current assets			1,787	2,567
	5	Current Liabilities
		Creditors: amounts falling
		within one year			650	650
		Accountancy fees			650	650
		Total current liabilities
		Net Current Assets:
		Amounts due after more than
		one year
		Net Assets:

	Unrestricted	funds		7/76	3+95
	Restricted funds
	Total charity funds			7,276	3,395
	Profit/Loss
7	Total Funds
8	The trustees	did not recieve any remuneration	during this fmancial year

8	The trustees did not recieve any remun	eration duri
9	Related party transactions:
	There was no related party transaction	in this year