KINGDOM BAPTIST CHURCH INCOME AND EXPENDITURE ACCOUNTS FOR THE YEAR ENDED MARCH 2021
| 2021 | ||||
|---|---|---|---|---|
| INCOME | NOTE S |
2021 | ||
| Tithe,Ofering& Thanksgiving | 57,866. 00 |
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| Fund raising | 0 | |||
| Welfare | 0 | |||
| Total Income | 57,866. 00 |
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| EXPENDITURE Rent |
1 | 12,000. 00 |
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| Pastoral expenses | 2 | 33,195. 00 |
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| Mission/Evangelical expenses | 3 | 4239.0 00 |
||
| General Administration exp | 3113.0 0 |
|||
| Welfare/Covid | 1300.0 0 |
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| Internet/Website | 2146.7 2 |
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| Accounting/Professional Service |
1,100.0 0 |
|||
| Total Expenditure | 57,093. 00 |
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| Excess Income/Defcit | 772.28 |
KINGDOM BAPTISH CHURCH ANNUAL FINANCIAL ACOUNTS FOR THE YEAR ENDED MARCH 31, 2021
FINANCIAL SECRETARY’S REPORT
I have prepared the accounts, Income & Expenditure and the Notes of the Accounts in accordance with the Charities Act 1993 Sec 42 (3). Using the receipt and Payment’s basis available to small Charities.
The financial statement are the responsibilities of the church Trustees. It is my responsibility to prepare the accounts using the accounting books and other financial statements which have been kept by the church for the period under review.
Michael Mensah FINANCIAL SECRETARY KINGDOM BAPTIST CHURCH LONDON
ACCOUNTING POLICIES
The Financial statement has been prepared in accordance with the Charities Act 1993 Sec 42 (3), Using the receipt and payments basis available to small Charities
INCOME
TAXATION
There was no taxation in these accounts since it is not a profit-making organisation.
ASSETS There are not any tangible fixed assets STATIONERY Office stationeries bought during the year are written off in the Income & Expenditure accounts during the year under reviewed.
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1- Rent is payable at £ 1,000.00 per month 2- PASTORAL EXPENSES. :
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Local Pastors do not receive any salaries.
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The church honour them with allowances
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3- Missions
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Mostly in United Kingdom and Ghana in Africa
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.
Mission
Mission and evangelical work included both charities work her in United Kingdom and Africa – specifically Ghana.