2021-08-31-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		10
8.Responsibilities ofTrustees		10
9.Reserve Policy		13
10.Independent Examiner's	Report	14
11.Statement ofFinancial	Activities	15
12.Balance Sheet
13.Notes to Accounts		17-20

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

	2021	2021	2021	2020
	Unrestricted	Restricted
	Funds	Funds	Total	Total
~ln me
Income from Charitable Activities
(Note 7) Transfer from TMCP	209,728		209,728	227,537 55,000
Investment Income (Bank Interest)	8,132		8,132	8,181
Total Income	217,860		217,860	290,718
~Ex enditure
Expenditure on Charitable
Activities (Note 8)	181,502		181,502	224,358
Total Expenditure	181,502		181,502	224,358
Net Income I(Expenditure)	36,358		36,358	46,360
Gain or loss on Investment				40,602
Total Funds Brought forward	1,990,565		1,990,565	1,903,603
Total Funds Carried forward	2,026,923		2,026,923	1,990,565

alance Sheet as at31"	alance Sheet as at31"	August 2021	2021	2020
T n ibl Fi Assets
Church Building		(Note 6)	1,685,000	1,685,000
Current Assets
Debtors and Prepayment		(Note 10)	'I58,134	117,246
Central Finance Board	(CFB)		28,088	4,434
Trustees for Methodist	Purpose
(TMCP)			130,247	123,166
Cash at bank and in hand			28,554	64,919
Total Current Assets			345,023	309,765
Current Liabilities
Other creditors			(1,000)	(3,100)
Total Current Assets
Net Current Assets			344 023	306665
Total Assets less Current		liabilities	2029 023	t 99t 666
Long term Creditor			(2,100)	(1,100)
Total Net Assets I(Liabilities)			2,026,923	1,990,565
Funds and Reserves
Unrestricted Fund				1,990,565
			2,026,923
			2,026,923	1,990,565

7. Income from Activities	Charit	ab	le
					2021	2021	2021	2020
					Unrestricted	Restricted
					Funds	Funds	Total	Total
Assessment ofShares					166,528		'l66,528	166,528
Lettings					43,200		43,200	42,400
Donation								4,000
Other income								11,609
Total					209,728		209,728	227,537
8.Expenditure	on Charitable
Activities
					2021	2021	2021	2020
					Unrestricted	Restricted
					Funds	Funds	Total	Total
Stipends, PAYE,	NIC 8	Pension			108,1t1		108,111	116,749
District Assessment					33,024		33,024	33,184
Methodist Church	Fund
Ministers Travel,	Telephone			and
Others					6,043		6,043	11,110
Ministers Removal
Loan Payment
Insurance					2,463		2,463	7,685
Utilities					3,937		3,937	6,311
Repairs and Maintenance			of
Manses					15,146		15,146	10,973
Rent Payment					4,883		4,883
Support &Governance		Cost
(Note 9)					1,000		1,000	2,000
Youth Project					1,000		1,000
Bank Charges					2,047		2,047
Other Expenses					3,848		3,848	1,346
TMCP Expenses
Legal Fee								55,000
Total					181,502		181,502	224,358

9.Support &Governance	9.Support &Governance	Cost
			2021	2021	2021	2020
			Unrestricted	Restricted
			Funds	Funds	Total	Total
Accountancy	fee		1,000		1,000	2000
Total			1,000		1,000	2,000
10.Debtors	and Prepayments
			2021	2021	2021	2020
			Unrestricted	Restricted
			Funds	Funds	Total	Total
Churches			98,134		98,134	77,246
Applicat!ive			60,000		60,000	40,000
Others
Prayer Book
Total			158,134		158,134	117,246