INCOME AND EXPENDITURE ACCOUNTS
FOR THE PERIOD 1ST SEPTEMBER, 2019 TO 31ST AUGUST, 2020
LIVING VINE MINISTRIES
ANERLEY METHODIST CHURCH OAKFIELD ROAD LONDON SE20 80A
LIVING VINE MINISTRIES
Trustees Annual Report
The Income and Expenditure Accounts as attached herewith have been prepared to show records taken from the receipts, Bank statements, and pay-in-books, as well as information and other relevant documents needed for the purpose of the accounts in the year 1st September 2019 to 31st August 2020.
The Church has no fiscal assets to be declared.
We certify therefore the true and fair status of the Church’s financial Stand.
Approved by the Trustees in the person of Rev. Charles J. Armah on this 1st day of November 2020 and signed on their behalf by:
Rev. Charles J. Armah (Trustee/General Overseer)
Apostle Osei Y. Boateng (Accounting Officer)
LIVING VINE MINISTRIES
Income/Expenditure Accounts for the period ending 31st August 2019
| Note | 2020 | 2019 | |
|---|---|---|---|
| Incomefor the Year | 1 | 62,077.64 | 52,775.51 |
| Add: Bank balance b/fwd | |||
| HSBC: 31760283: 3652.00 6,562.34 |
|||
| HSBC: 81760211: 225.00 729.36 |
7,291.70 | 7,291.70 | |
| IR Charities | 2 | -12,385.42 | -11,927.13 |
| Vehicle | 6,000.00 | 6,000.00 | |
| Cash-On-Hand | 1.36 | 120.47 | |
| 62,985.28 | 54,258.55 | ||
| Less Expenses | |||
| Rent - including heating | 3 | 4,800.00 | 5,340.00 |
| Conference Hall Hiring | 1,500.00 | 1,800.00 | |
| Equipment/Repairs | 965.45 | 1,450.00 | |
| Mission Support | 3,400.00 | 1,735.50 | |
| Printing and Stationery | 956.50 | 964.36 | |
| Entertainment | 1,408.75 | 1,868.48 | |
| Welfare/Hospitality | 4 | 2,800.00 | 1,900.00 |
| Advertising/Media | 1,980.36 | 2,450.00 | |
| Musicians/Music Services | 5 | 2,900.00 | 4,500.00 |
| Car Purchase | - | - | |
| Fuel/Lubricants | 2,065.85 | 2,840.00 | |
| Road Tax/MOT | 1,006.40 | 870.50 | |
| Insurance | 1,863.45 | 1,185.45 |
| Traveling and Transport | 6 | 1,880.00 | 3,275.92 |
|---|---|---|---|
| Miscellaneous | 966.66 | 2,036.84 | |
| Professional Fees | 1,640.42 | 2,600.00 | |
| Honorarium Love Gift | 7 | 4,650.00 | 4,300.00 |
| Telephone | 1,826.64 | - | |
| Charity Donations | 4,916.75 | - | |
| Sundries | 1,003.76 | 410.33 | |
| TOTAL EXPENDITURE | 42,538.99 | 39,536.33 | |
| Current Assets: | |||
| Bank Balance c/fwd @ 31.08.20 | |||
| HSBC: 31760238: 12,055.50 | |||
| HSBC: 81760211: 935.41 | 12,990.91 | 10,722.17 | |
| Cost Car - LG62 PZN | 5,400.00 | 4,000.00 | |
| Debtors | 1,650.00 | - | |
| Cash-In-Hand | 405.38 | - | |
| TOTAL | 62,985.28 | 54,258.55 |
Approved by the Trustees In The Person Of Rev. Charles Armah and signed on their behalf by:
Rev. Charles Armah (Chair/Pastor-in-charge)
LIVING VINE MINISTRIES
Notes to the Accounts: Period Ending 31st August 2020
| NOTE 1 | Income for the Year Tithes, Offering, Vows, and Pledges during Church Services |
£62,985.28 |
|---|---|---|
| NOTE 2 | I.R. Charities GiftAid received from the members |
£12,385.42 |
| NOTE 3 | Rent - including heating Paid as rent for the place: 136 Streatham High Rd. Capoeria Centre SW16 1BW |
£4,800.00 |
| NOTE 4 | Welfare/Hospitality Members’ monthly dues against their needs such as rent advances, funeral costs, wards fees, etc. |
£2,800.00 |
| NOTE 5 | Musicians (Music Services) Monies paid to musicians for their services |
£2,910.00 |
| NOTE 6 | Traveling and Transport Money given to individuals for transport. Coach hiring and Air Flight (abroad) |
£1,880.00 |
| NOTE 7 | Honorarium Love Gift Pastors receive as Love Gift during their visit to preach for the service |
£4,650.00 |
LIVING VINE MINISTRIES
| Activities | Advancement of Christian Faith, Education, Relief of Poverty and Recreational Activities |
|---|---|
| Where | Throughout England and Wales |
| Classification | Advancement of Christian Faith, Education, Relief of Poverty, Recreational Activities |
| Who does charity help | General Public (Faith Group) |
| How does your charity operate | Preaches the Gospel of Christ, Education, Donations to Ministry/Persons in need |
| Financial Year | Income and Expenditure: Income: £62,985.28 Expenditure: £42,538.99 Financial Year: 01/09/2019 - 31/08/2020 |
| Financial Period | 1st Year Start Date: 01/09/2018 1st Year Ended: 31/08/2019 Next Financial Year: 01/09/2019 - 31/08/2020 |
| Charity’s Main Bank | HSBC Sort Code: 40-33-12 Account Number: 81760211/31760238 Account Name: Living Vine Ministries |
| Contact | Rev. Joshua Charles Armah 119 Seymour Villas Anerley, SE20 8TP Title: Reverend Family Name: Armah Tel: 07426124787 Email: livingvine@live.co.uk |
| Trustees | 1. Rev. Joshua Charles Armah 2. Elder Akinsina Akinyemi 3. Mr. Ivan Kigenza |
Church Email livingvineCaJlive.co.uk