## **KINGDOM BAPTIST CHURCH INCOME AND EXPENDITURE ACCOUNTS FOR THE YEAR ENDED MARCH 2021** 


|**2021**|||||
|---|---|---|---|---|
|I**NCOME**|**NOTE**<br>**S**|||**2021**|
|Tithe,Ofering& Thanksgiving||||57,866.<br>00|
|Fund raising||||0|
|Welfare||||0|
||||||
||||||
|Total Income||||57,866.<br>00|
|EXPENDITURE<br>Rent|1|||12,000.<br>00|
|Pastoral expenses|2|||33,195.<br>00|
|Mission/Evangelical expenses|3|||4239.0<br>00|
||||||
|General Administration exp||||3113.0<br>0|
|Welfare/Covid||||1300.0<br>0|
||||||
|Internet/Website||||2146.7<br>2|
|Accounting/Professional<br>Service||||1,100.0<br>0|
|Total Expenditure||||57,093.<br>00|
|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. 

- 1- Rent is payable at £ 1,000.00 per month 2- PASTORAL EXPENSES. : 

   - Local Pastors do not receive any salaries. 

- The church honour them with allowances 

- 3-    Missions 

   - Mostly in United Kingdom and Ghana in Africa 

- . 



## Mission 

Mission and evangelical work included both charities work her in United Kingdom and Africa – specifically Ghana.