KINGDOM BAPTISH CHURCH - CHARITY NO: 1141121
INCOME AND EXPENDITURE REPORT- YEAR TO MARCH 2024
| March 2024 | |
|---|---|
| Income* | 45,212.37 |
| Gross income in the reporting period | 45,212.37 |
| Expenditure* | 43,863.48 |
| Total expenditure in the reporting period-(Notes below) | 43,863.48 |
| Net income(expenditure)before tax of the reporting period | 1,348.89 |
| Net income(expenditure)for the financialyear | 1,348.89 |
BALANCE SHEET REPORT – YEAR TO MARCH 2024
| Total Funds | |
|---|---|
| Current Assets | |
| Cash at Bank | 6,369.18 |
| Total Current Assets | 6,369.18 |
| Total net assets or liabilities | 6,369.18 |
| Funds of the Charity | 6,369.18 |
| Unrestricted Funds | 0 |
| Restricted Funds | 0 |
| Endowments Funds | 6,369.18 |
| Total Funds | 6,369.18 |
ANNUAL FINANCIAL ACOUNTS FOR THE YEAR ENDED MARCH 31, 2024
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
This is made up of Tithe and offerings as well as thanksgiving received during the period under reviewed.
TAXATION
There was no taxation in these accounts since it is not a profit-making organisation.
ASSETS
There are no tangible fixed assets
STATIONERY
Office stationeries bought during the year are written off in the Income & Expenditure accounts during the year under reviewed.
| Breakdown of 2024 Expenditure | £ | |
|---|---|---|
| Evangelism- Missionarywork Africa | 3600.00 | |
| Accountingsoftware | 186.48 | |
| Wages and salaries | 26,750.00 | |
| Charitymanagement & administration,Rent etc | 12,627.00 | |
| Legal/professional fees/Website | 400.00 | |
| Printingand stationery | 300.00 | |
| Total expenditure in the reporting period | ||
| 43,863.48 |