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





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|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<br>During Year|||||||
|At 1stJan 2019||3,000||2,450|5,450|5,450|
|Depreciation|||||||
|Depreciation<br>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<br>fees|||||650|650|
|Net Current Assets|||||6,587|7,367|
|Amount<br>falling due|aiter||||||
|more than one year|||||||
|Net Assets|||||||
|Charity Funds|||||||
|Unrestricted<br>Funds|||||7/76|3,395|
|Restricted Funds|||||||
|Profit 4 Loss|||||||
|Total Funds|||||||





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||||||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<br>&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<br>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|





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||||2020||||
|---|---|---|---|---|---|---|
||||(&)||||
|2||Operating<br>profit:|||||
|||This is stated after charging:|||||
|||Depreciation of owned assets|||||
|||Retained Profit/Loss<br>for the year|||||
|3||Tan ible Fixed Assets||Fixtures|||
||||Equipments|8r,|2020|2019|
|||||Fittings|||
|||||(~)|||
|||Cost<br>At 1st January, 2015|3,000|2,450|5,450|5,450|
|||Additions<br>during year<br>At 31st December, 2015|3,000|2,450|5,450|5,450|
|||Depreciation|||||
|||At 1st January, 2020|||||
|||Additions<br>during year|||||
|||At 31st December, 2015|||||
|||Net book value (NBV)<br>At 31st December, 2020|3,000|2,450|5,450|5,450|
||4|Current Assets<br>Cash at bank|||1,787|2,567|
|||Trade debtors<br>Total current assets|||1,787|2,567|
||5|Current Liabilities|||||
|||Creditors: amounts<br>falling|||||
|||within one year|||650|650|
|||Accountancy<br>fees|||650|650|
|||Total current liabilities|||||
|||Net Current Assets:|||||
|||Amounts<br>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<br>did not recieve any remun|eration<br>duri|
|---|---|---|
|9|Related party transactions:||
||There was no related party transaction|in this year|



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