2020-08-31-accounts

1.Trustees Annual Report
2.Mission Statement		3-4
3.Public Benefit
4.Review ofProgress and	Achievements
5.Chairperson's report
6.Reference Administrative	Information
7.Managing Trustees
8. Responsibilities ofTrustees		10-11
9.Reserve Policy		12
10.Independent Examiner's	Report	13
11.Statement of Financial	Activities	14
12.Balance Sheet		15
13.Notes to Accounts		16-19

31	Eden Garoy			Appointed	01/09/2016
32	Isaac Ankomah			Appointed	11/09/2018
33	Olayinka Aina			Appointed	11/09/2018
34	Emmanuel Fanimoh			Appointed	01/09/2018
35	Sorie Ibrahim	Mohamed	Kamara	Appointed	01/09/2019
36	Rev. Nigel Lindsay			Appointed	01/09/2019

			2019
	U'nfsstricted
	Funds		Total
inicome
Income from Charitable Activities
(Mete 7) Transfer from TMCP		227,537 55„	207,690 40,000
I'nvestrnent Income (Bank Interest)		8,181	4,528
Total Income		718	252,218
~Ex IldlSIIS
Expenditure on Charitable
Activities (Mote 5)		244,358	196,308
Total Expenditure		244,358	196,308
Net Income / (Expenditure)	46,360
Gain or toss on Investment	40,602		(48,585)
Total Fu'nds Brought forward	19038M		1,896,277
Total Funds Carried forward	1,~565	1,990,565	1,903,603

Balance Sheet as at31"August 2020	Balance Sheet as at31"August 2020	Balance Sheet as at31"August 2020	Balance Sheet as at31"August 2020
						2020		2019
						F
Tan ible 8 Fixed Assets
Church Building		(Note 6)			1,685,000			1,685,000
Current Assets
Debtors and Prepayment	(Note		10)			117,246		21,475
CentraI Finance Board (CFB)						4,434		19,867
Trustees for Methodist Purpose
(TMCP)						123,166		717,592
Cash at bank and in hand						64,919		68,903
Total Current Assets						309,765		827,836
Current Liabilities
Creditors and accruals - Loan		(due in
under 1 year )(Note 11)								600,000
Other creditors						3 100		8 133
Net Current Assets						306,665		219203
Total Assets less Current	liabilities				1	991 665		1 904703
Long term Creditor						(1,100)		(1,100)
Total Net Assets I(Liabilities)					1,990,565			1,903,603
Funds and Reserves
Unrestricted Fund					1,990,565			1,903,603
					1,990,565			1,903,603
Approved by the Management			Committee		and signed on its		Ifby:
Rev. Asif Karam (Superintendent				Minister)		Danie	antwi	(Treasurer)

7. Incom Activities	e from	Charit	ab	le
						2020	2020	2020	2019
						Unrestricted	Restricted
						Funds	Funds	Total	Total
Assessment ofShares						166,528		166,528	149,012
Lettings						45,400		45,400	42,600
Donation						4,000		4,000
Other income						11,609		11,609	16,078
Total						227,537		227,537	207,690
8.Expenditure		on Charitable
Activities
						2020	2020	2020	2019
						Unrestricted	Restricted
						Funds	Funds	Total	Total
Stipends,	PAYE,	NIC 8	Pension			116,749		116,749	68,330
District Assessment						33,184		33,184	26,908
Methodist	Church	Fund							4,749
Ministers	Travel,	Telephone			and
Others						11,110		11,110	5,677
Ministers	Removal								5,721
Loan Payment
insurance						7,685		7,685
Utilities						6,311		6,311
Repairs and Maintenance				of
Manses						10,973		10,973	16,591
Rent Payment									34,798
Support 8 Governance			Cost
(Note 9)						2,000		2,000	600
Youth Project									770
Expense	ofSale	of Property							9,929
Other Expenses						1,346		1,346	1,222
TMCP Expenses									3,354-
Grant and	Donation
Legal Fee						55,000		55,000
Total						244,358		244,358	196,308

		2020	2020	2020	2019
		Unrestricted	Restricted
		Funds	Funds	Total	Total
Accountancy	fee	2,000		2,000	600
Total		2,000		2,000	600
The fee was	foryears:2019 and	2020
10.Debtors	and Prepayments
		2020	2020	2020	2019
		Unrestricted	Restricted
		Funds	Funds	Total	Total
Churches		77,246		77,246	10,124
Applicative		40,000		40,000	10,000
Others
Prayer Book					1,351
Total		117,246	-	117,246	21,475

			2020	2020	2020	2019
			Unrestricted	Restricted
			Funds	Funds	Total	Total
District	Office	Loan				600,000
Total						600,000