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|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|
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|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|
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||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|
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|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|