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||||Page|
|---|---|---|---|
|Income and|Expenditure|Account||
|Balance Sheet||||
|Accounting|Policies|||
|Tangible Fixed Assets||||
|Accountants|Report|||





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||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<br>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|






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|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<br>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<br>fund brought forward||251,269||230,514|
|Revaluation<br>reserve||152,790||152,790|
|Surplus for the year||11,865||20,755|
|||415,924||404,059|





|||Trinity Grace Church|||
|---|---|---|---|---|
||Financial Statements<br>for the Year Ended 31 March||2022||
|ACCOUNTING|POLICIES||||
|1|The accounts are prepared<br>under the historical cost convention.||||
||Income|and expenditure<br>is accounted for on an accruals|basis.||
||Tangible|fixed assets are stated at cost and depreciation|is provided|at the|
||following|annual<br>rates in order to write offeach asset over its estimated|||
||useful life:||||
||Property|2%on revalued<br>amount|||
||Fixtures|&equipment<br>15%on reducing<br>balance|||






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||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|





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