| CONTENTS | |||
|---|---|---|---|
| Pages | |||
| Trustees' Report |
|||
| Accountant's | Report | ||
| Statement of |
Financial | Activities | |
| Balance Sheet | |||
| Notes to the | Financial | Statements | 5-9 |
| Unrestricted | |||||
|---|---|---|---|---|---|
| Total this | Restricted | Total | Total last | ||
| Year | Funds | Funds | Year | ||
| 2020 | 2020 | 2020 | 2019 | ||
| Notes | |||||
| Incoming Resources |
|||||
| Voluntary Income |
84,229 | 84,229 | 39,114 | ||
| Adjustment | |||||
| Total Incoming Resources | 84,229 | 84,229 | 39,114 | ||
| Resources Expended | |||||
| Charitable Activities |
42,674 | 42,674 | 36,031 | ||
| Governance Costs |
9,542 | 9,542 | 4,347 | ||
| Total Resources Expended | 52,216 | 52,216 | 40,378 | ||
| Net Incoming Resources | 32,013 | 32,013 | (1,265) | ||
| Transfer between funds |
|||||
| Net Incoming Resources For this year | 32,013 | 32,013 | (1,265) | ||
| Total Funds Brought Forward | 82,720 | 82,720 | 83,985 | ||
| Total Funds Carried Forward | 114,733 | — | 114,733 | 82,720 |
| 2020 | 2019 | ||
|---|---|---|---|
| Voluntary | Income | ||
| PHIM Trust | |||
| Tithe | 30,235 | 12,360 | |
| Offerings | 13,545 | 925 | |
| Covit Grant | 25,000 | ||
| Word and | Spirit Prayer Ministry | ||
| Tithe 8 Offerings | 15,449 | 25,829 | |
| TOTAL | 84,229 | 39,114 |
| 2020 | 2019 | ||
|---|---|---|---|
| PHIM | Trust | 36,234 | 13,170 |
| Word | and Spirit Prayer Ministry | 15,982 | 27,208 |
| Total | Cost | 52,216 | 40,376 |
| Tangible Fixe | d | Assets | |||
|---|---|---|---|---|---|
| Fixtures and | |||||
| Instruments | Equipment | Total | |||
| At Cost | 2,796 | 4,360 | 7,156 | ||
| Additions | |||||
| Disposals | |||||
| Balance carried | forward | 2,796 | 4,360 | 7,156 | |
| Depreciation | Calculation | ||||
| Balance brought | forward | 2.795 | 4,359 | 7,154 | |
| Charge for the | year | ||||
| Disposal | |||||
| Balance carried | forward | 2,795 | 4,359 | 7,154 | |
| Net Book Value | |||||
| As at 31 DEC | 2020 | ||||
| As at 31 DEC | 2019 |
| Unrestricted | Restricted | Total | Total | ||||
|---|---|---|---|---|---|---|---|
| 5 | FUNDS | Funds | Funds | Funds | Funds | ||
| 2020 | 2020 | 2020 | 2019 | ||||
| F | |||||||
| As at 01 January | 2020 | 82,720 | 82,720 | 83,985 | |||
| Surplus/Deficit | for | the Year | 32,013 | 32,013 | (1,265) | ||
| As at 31 December 2020 | 114,733 | 114,733 | 82,720 |
| 2020 | 2019 | |||
|---|---|---|---|---|
| Voluntary | Income | |||
| Income | Tithe | 30,235 | 12,360 | |
| Offerings | 13,545 | 925 | ||
| Covit Grant | 25,000 | |||
| 68,780 | ||||
| Charitable | Activities | |||
| Rent | 7,158 | 3.960 | ||
| Repairs & Maintenance |
8,797 | 126 | ||
| Stationery | 700 | 135 | ||
| Volunteering | Allowance | 1,400 | 300 | |
| Phone | 200 | 125 | ||
| PHCC BFUND | 5,979 | 5,000 | ||
| Advertising | 152 | 152 | ||
| Utilities | 428 | 600 | ||
| Conference | Cost | 1,555 | 301 | |
| Television 8 Radio Expense | 200 | 271 | ||
| Refreshment/Welfare | 1,295 | 250 | ||
| Charitable | Giving | 150 | 150 | |
| Admin Cost | 1,916 | 1,550 | ||
| Professional | Fees | 6,303 | 250 | |
| 36,234 | ||||
| 32,546 |
| 2020 | 2019 | |||||
|---|---|---|---|---|---|---|
| Voluntary | Income | |||||
| Tithe 8 Offerings | 15,449 | 25,829 | ||||
| 15,449 | 25,829 | |||||
| Charitable | Activities | |||||
| Rent | 7,800 | 13,200 | ||||
| Volunteering | Allowance | 6,100 | 10,200 | |||
| Phone | 580 | 961 | ||||
| Evangelism | 8 Conference Cost | 180 | 300 | |||
| Admin Cost | 1,072 | 2,297 | ||||
| Professional | Fees | 250 | 250 | |||
| 15,982 | 27,208 | |||||
| (533) | (1,379) |