| Page | |||
|---|---|---|---|
| Income and | Expenditure | Account | |
| Balance Sheet | |||
| Accounting | Policies | ||
| Tangible Fixed Assets | |||
| Accountants | Report |
| Income and Expenditure | Account | for the | Year Ended 31 March | 202+ | |
|---|---|---|---|---|---|
| 31 March 2022 | 31 March 2021 | ||||
| INCOME: | |||||
| Collections | 99,579 | 104,565 | |||
| Gift Aid tax refunds | 15,803 | 8,800 | |||
| Donations | 23,350 | 6,110 | |||
| Elder support | 21,528 | 22,728 | |||
| 160,260 | 142,203 | ||||
| EXPENDITURE: | |||||
| Pastor's wages and expenses | 32,159 | 30,641 | |||
| Elder's wages and expenses | 52,852 | 49,003 | |||
| Speakers fees | 1,160 | 390 | |||
| Missionary support fees |
36,320 | 13,240 | |||
| Repairs and renewals | 3,561 | 2,573 | |||
| Minibus expenses | 685 | ||||
| Subscriptions | 129 | 129 | |||
| Sundry expenses | 3,503 | 3,765 | |||
| Youth work and Outreach | 873 | 400 | |||
| Accountancy | 480 | 480 | |||
| Insurances | 1,322 | 1,158 | |||
| Heat, light and water | 1,563 | 1,843 | |||
| Loan interest | 2,318 | 3,629 | |||
| Depreciation | 13,860 | 13,512 | |||
| Profit on disposal | 1,707 | ||||
| 148,395 | 121,448 | ||||
| EXCESSOF INCOME OVER | EXPENDITURE | 11,865 | 20,755 |
| CURRENT ASSETS | ||||
|---|---|---|---|---|
| Sundry debtors and prepayments | 633 | 595 | ||
| Bank deposit account | 17 | 17 | ||
| Bank current accounts | 10,762 | 17,853 | ||
| 11,412 | 18,465 | |||
| CURRENT LIABILITIES | ||||
| Sundry creditors and accruals | 603 | 658 | ||
| Stewardship loan |
41,010 | 70,035 | ||
| Loan - R Hurst | 2,000 | 2,000 | ||
| 43,613 | 72,693 | |||
| (32,200) | (54,228) | |||
| NET ASSETS | 415,924 | 404,059 | ||
| FINANCED BY: | ||||
| Accumulated fund brought forward |
251,269 | 230,514 | ||
| Revaluation reserve |
152,790 | 152,790 | ||
| Surplus for the year | 11,865 | 20,755 | ||
| 415,924 | 404,059 |
| Trinity Grace Church | ||||
|---|---|---|---|---|
| Financial Statements for the Year Ended 31 March |
2022 | |||
| ACCOUNTING | POLICIES | |||
| 1 | The accounts are prepared under the historical cost convention. |
|||
| Income | and expenditure is accounted for on an accruals |
basis. | ||
| Tangible | fixed assets are stated at cost and depreciation | is provided | at the | |
| following | annual rates in order to write offeach asset over its estimated |
|||
| useful life: | ||||
| Property | 2%on revalued amount |
|||
| Fixtures | &equipment 15%on reducing balance |
| Property | Fixtures & | Minibus | Total | |
|---|---|---|---|---|
| Equipment | ||||
| COST/VALUATION | ||||
| At 1 April 2021 | 619,819 | 51,879 | 12,338 | 684,036 |
| Additions | 3,991 | 3,991 | ||
| Disposal | 12,338 | |||
| At 31 March 2022 | 619,819 | 55,870 | 688,027 | |
| DEPRECIATION | ||||
| At 1 April 2021 | 167,594 | 46,110 | 12,045 | 225,749 |
| Charge for year | 12,396 | 1,464 | 13,860 | |
| Disposal | 12,045 | |||
| At 31 March 2022 | 179,990 | 47,574 | 239,609 | |
| NET BOOK VALUE | ||||
| At 31 March 2021 | 452,225 | 5,769 | 293 | 458,287 |
| At 31 March 2022 | 439,829 | 8,296 | 448,125 |