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





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



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||||2019|
|---|---|---|---|
||U'nfsstricted|||
||Funds||Total|
|inicome||||
|Income from Charitable<br>Activities||||
|(Mete 7)<br>Transfer from TMCP||227,537<br>55„|207,690<br>40,000|
|I'nvestrnent<br>Income (Bank Interest)||8,181|4,528|
|Total Income||718|252,218|
|~Ex<br>IldlSIIS||||
|Expenditure<br>on Charitable||||
|Activities (Mote 5)||244,358|196,308|
|Total Expenditure||244,358|196,308|
|Net Income<br>/ (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<br>ible 8 Fixed Assets|||||||||
|Church<br>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<br>Purpose|||||||||
|(TMCP)||||||123,166||717,592|
|Cash at bank and<br>in hand||||||64,919||68,903|
|Total Current Assets||||||309,765||827,836|
|Current Liabilities|||||||||
|Creditors and accruals - Loan||(due in|||||||
|under<br>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<br>Fund|||||1,990,565|||1,903,603|
||||||1,990,565|||1,903,603|
|Approved<br>by the Management|||Committee||and signed on its||Ifby:||
|Rev. Asif Karam (Superintendent||||Minister)||Danie|antwi|(Treasurer)|





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|7. Incom<br>Activities|e from|Charit|ab|le||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||2020|2020|2020|2019|
|||||||Unrestricted|Restricted|||
|||||||Funds|Funds|Total|Total|
|Assessment<br>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|





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|||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|



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