STATEfvIENT OF TRUSTEES RESPONSIBILITIES Thc Iruslccs aTe responsible for prcparinbi ih¢ Iinii ncial slal¢ments in a.r'¢ with appli¢abl¢ law ¥nd Uniied Kingdoin Genernlly A¢c¢mgd A¢¢ounlinB Praclicc (UK GAAP). Chwily law requires lh¢ Iwslecs io ppar¢ finunciul slatein¢nls for ¢fjeh fin4n¢iul Yr. Under ihoi law ihc ¢Nqices liavc ¢lc¢icd to pr¢pJr¢ t1 fiiiancial ¥ldlcm¢nls in uc¢orduncL wilh ili¢ United Kingdom Gcncrally A¢c¢plcd Ac¢oui)iinb PIDCtice {Uiiiicd Kingdoni Accounlin¥ Siandards and appli¢ablc law). The financial %lalem¢nts arc requir by law io givc a Iruc and fair vicw ofil)c stal¢ of affairs of ihc chorilablc company dnd of ihc surplus or defi¢il of Ihe chariiable eompany for tliat riod. In praring thosc financial slalements. Ihe ¢Nslees are required io l. Select suitabl¢ accounting policies and then apply ihcm consistently: 2. Make judgmenls and eslimates thai are reasonable and prud¢nl; 3. Prepar¢ ihe financial statements on th¢ 8oin8 conc¢rn basis unless it is inappropriate to presume thai the charitable company will ¢ontinue in business. The INslees arc responsible for keeping proper a¢¢ounling records which disclos¢ with reasonable accurdcy at any lime the financial position of the chariiable company and lo enabl¢ them to ensure thai the financial slatem¢nls comply with ihe Charilies Aci 2011. They are also responsible for safcguarding th¢ assets of th¢ charity and hence for taking reasonable steps for the prevention and detection of fraud and oiher irregularilies. STATEMENT AS TO DISCLOSURE OF INFORMATION TO INDEPENDENT EXAMINERS So far as ihe trustees are aware, there is no relevant infonnation of which the charity's independeni examiners are unaware, and each irusl¢e has taken all the steps thai ihey oughi to have taken as a trustee in order io mak¢ them awaT¢ of any examinaiion inforniation and to eslablish thai the charity's independcni examiners a aware of that infonnaiion. INDEPENDENT EXAMINERS The independent examiners, Kaxlon Advisory Ltd., will be proposed for re-appointmeni al Ihc forthcoming Annual General Meeting. Board: On Behalf of Rev Famous Gyabs 22nd October, 2021.
| 2020 | 2019 | |||||
|---|---|---|---|---|---|---|
| General | Restricted | |||||
| Funds | Funds | Total | Total | |||
| E | E | E | ||||
| Note | ||||||
| INCOMING RESOURCES | ||||||
| Genera I income |
2 | 31,417 | 31,417 | 33,105 | ||
| Total | 31,417 | 31,417 | 33,105 | |||
| RESOURCES EXPENDED | ||||||
| Charitable Expenditure: |
||||||
| Administration | 5Management | 3 | 41,819 | 41,819 | 26,206 | |
| Total | 41,819 | 41,819 | 26,206 | |||
| NET INCOMING | RESOURCES | (10,402) | (10,402) | 6,900 | ||
| Movement in Funds |
||||||
| Net Incoming Resources | (10,402) | (10,402) | 6,900 | |||
| Balance brought | forward | 6,314 | 6,314 | (586) | ||
| Transfers | ||||||
| Balance Carried | Forward | (4,088) | (4,088) | 6,314 |
VICTORY CHRISTIAN CENTRE ASSEM8Lies OF GOD.SLOIJGH BALANCE SHEET AS AT 31ST DECEMBER 2020 2020 2019 Non4unvnt A•••t• Flxed Assol 8,031 353 Cwv•ni A•••l• Bank (LloydsTSB) Bank Sav+ng6 (UoydgTSB) 8.031 353 2,479 7.512 2,4 7.513 Cr•dftorn: Amount falling due wrflhln 1 year . N•t Curr•nt AM•ts 6,016 Crfjdltors: Amount fal1h due In more than 1 year Net As8•ts 12,000 4,088 6,314 Funds General (4,088) 6.314 4,088 6.314 Approvcd by Ihe board CouAciI oo And8i8n&loD IL4 belf by Pastor Famou8 Gyabs (P08tor ( Tr¢a•u¢r)
| 2. INCOMING | RESOURCES | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| 2020 | 2019 | ||||||||
| Gerleral Funds |
Restricted Funds |
T I F d otal unds |
T I otal |
F unds |
|||||
| Voluntary Income |
|||||||||
| General Fund | |||||||||
| General Offering |
13,262 | 13,262 | 13,599 | ||||||
| Tithes | 7,748 | 7,748 | 11,227 | ||||||
| Thanks Giving |
340 | 340 | 559 | ||||||
| Donations | 3,355 | 3,355 | 1,720 | ||||||
| GiR Aid Received | 6,712 | 6,712 | 6,000 | ||||||
| 31,417 | 31,417 | 33,105 | |||||||
| Total | 31,417 | 31,417 | 33,105 | ||||||
| 3.RESOURCES EXPENDED: | |||||||||
| 2020 | 2019 | ||||||||
| Managementit | Management 8 | ||||||||
| Admin | Admin | ||||||||
| F | |||||||||
| Rent/ Rates | 5,018 | 6,669 | |||||||
| Donations | 8,911 | 1,338 | |||||||
| Repairs &Renewals | 2,000 | 505 | |||||||
| Travel &Transport/Fuel | 492 | 937 | |||||||
| Accountancy | 598 | 598 | |||||||
| Insurance | 802 | 936 | |||||||
| Stationery/postage | 797 | 950 | |||||||
| Pastoral | 15,974 | 8,766 | |||||||
| Administration | Cost | 2,327 | 2,448 | ||||||
| Telephone / Fax |
425 | 225 | |||||||
| Evangelism | 3,150 | 2,347 | |||||||
| Social Activities | 200 | ||||||||
| Depreciation | 1,324 | 287 | |||||||
| 41,819 | 33,417 |
| NOTES TO THE ACCOUNTS -3 | 1STDECEMBER 2020 | |
|---|---|---|
| 4.CURRENT LIABILITIES | ||
| Accountancy Fee |
349 | 349 |
| Independent Examination |
249 | 249 |
| 598 | 598 | |
| S.NON CURRENT LIABILITIES | ||
| BBL/Black Horse | 12,000 | 11,113 |
| As at 1stJanuary | 1,412 | |
| Less monthly payments made |
457 | |
| Balance as at 31stDecember | 12,000 | 955 |
| 6:FIXEDASSETS | ||||
|---|---|---|---|---|
| Equipment | Mini Van | Car | Total | |
| Cost | 1,924 | 3,500 | 11,113 | 16,537 |
| Additions | 7,000 | 7,000 | ||
| Disposal | ||||
| Balance as at 31st Deecmber 2020 | 8,924 | 3,500 | 11,113 | 23,537 |
| Depreciation/Rate | ||||
| As at 1st January 2020 | 1,571 | 3,500 | 11,113 | 16,184 |
| Charge for the year | 1,324 | 1,324 | ||
| Balance as at 31st December 2020 | 2,895 | 3,500 | 11,113 | 17,508 |
| Net Book Value | ||||
| As at 1stJanuary 2020 | 353 | 1 | 355 | |
| As at 31st December 2020 | 6,029 | 1 | 6,031 |