| 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 | ||
| 2021 | 2021 | 2021 | 2020 | ||
| Notes | R | R | R | ||
| Incoming Resources | |||||
| Voluntary income |
66,358 | - | 66,358 | 84,229 | |
| Adjustment Total Incoming Resources |
66,358 | - | 66,358 | 84,229 | |
| Resources Expended | |||||
| Charitable Activities |
63,137 | 63,137 | 36,031 | ||
| Governance Costs |
12,750 | 12,750 | 9,541 | ||
| Total Resources Expended | 75,887 | - | 75,887 | 52,215 | |
| Net Incoming Resources | (9,529) | - | (9,529) | 32,013 | |
| Transfer between funds |
|||||
| Net Incoming Resources Forthis year | (9,529) | (9,529) | 32,013 | ||
| Total Funds Brought Forward | 114,733 | 114,733 | 82,720 | ||
| Total Funds Carried Forward | 105,204 | - | 105,204 | 114,733 |
| 2. Incoming Resources |
||
|---|---|---|
| 2021 | ||
| Voluntary Income |
||
| PHIM Trust | ||
| Tithe Offerings Grant |
30,997 25,361 10,000 |
30,235 13,545 25,000 |
| Word and Spirit Prayer Ministry | ||
| Tithe & Offerings | 15,449 | |
| TOTAL | 66,366 | 84229 |
| Tangible Fixed | A | ssets | |||
|---|---|---|---|---|---|
| Fixtures and | |||||
| Instruments | Equipment | Total | |||
| At Cost | 2,796 | 4,360 | 7,156 | ||
| Additions | |||||
| Disposals | |||||
| Balance carried forward | 2796 | 4360 | 7,158 | ||
| Depreciation | Calculation | ||||
| Balance brought | forward | 2,795 | 4,359 | 7,154 | |
| Charge for the | year | ||||
| Disposal | |||||
| Balance carried | forward | 2795 | 4359 | 7154 | |
| Net Book Value | |||||
| As at 31 DEC | 2021 | ||||
| As at 31 DEC | 2020 |
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| 5 | FUNDS | Funds 2021 |
Funds 2021 |
Funds 2021 |
Funds 2020 |
| As at 01January 2021 | 114,733 | 114,733 | 82,720 | ||
| Surplus/Deficit for the Year |
(9,529) | (9,529) | 32,013 | ||
| As at 31 December 2021 | 105,204 | - | 105,204 | 114,733 |
| 2021 | |||||
|---|---|---|---|---|---|
| Voluntary Income |
|||||
| Income Tithe Offerings Grant |
30,997 25,361 10,000 |
66,358 | 30,235 13,545 25000 |
68,780 | |
| Charitable Activities Rent |
14,400 | 7,158 | |||
| Furniture, Repairs & Maintenance |
7,620 | 8,797 | |||
| Stationery | 1,200 | 700 | |||
| Volunteering Allowance |
2,500 | 1,400 | |||
| Phone | 300 | 200 | |||
| PHCC BFUND | 8,000 | 5,979 | |||
| Evangelism | 500 | 152 | |||
| Utilities | 2,250 | 428 | |||
| Conference Cost | 5,750 | 1,555 | |||
| Television & Radio Expense |
240 | 200 | |||
| Refreshment/Welfare/Covit | 3,200 | 1,295 | |||
| Love Offering &Charitable |
Giving | 17,177 | 150 | ||
| Admin Cost | 5,000 | 1,916 | |||
| Professional &Consultancy |
Fees | 7,750 | 6,303 | ||
| -75677 | 75,887 | 36,233 | |||
| -9529 | 32,547 |