| Unrestricted | Designated | Restricted | Endownments | Total Funds | Total Funds | ||
|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | 2023 | 2022 | ||
| Incoming Resources | |||||||
| Donations and Legacies |
2a | 40,314 | 3,150 | 43,464 | 57,354 | ||
| Charitable Activities |
2b | 6,938 | 6,938 | ||||
| Other Trading Activites | 2c | 21,005 | 21,005 | 11,265 | |||
| Total | 68,257 | 3,150 | 71,407 | 68,619 | |||
| Resources Expended | |||||||
| Charitable Activities |
3a | 62,067 | 3,339 | 65,406 | 62,647 | ||
| Total | 62,067 | 3,339 | 65,406 | 62,647 | |||
| Net gain((losses) on investment |
|||||||
| Net Incolne/(Expenditure) | 6,190 | (189) | 6,001 | 5,972 | |||
| Transfer between Funds |
|||||||
| Net Movementsin Funds |
|||||||
| Total Funds brought forward (1stApr) | 19,698 | 8,846 | 28,544 | 22,572 | |||
| Total Funds carried forward (31st.Mar} | 25,888 | 8,657 | 34,545 | 28,544 |
| Balance Sheet at | 31Ilarch | 2023 | ||||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| Notes | ||||||
| Fixed Assets | ||||||
| Tangible Assets | 5(a) | 146,570 | 166,380 | |||
| 146,570 | 166,380 | |||||
| Current Assets | ||||||
| Cash at bank and |
in hand | 34,545 | 28,544 | |||
| 34,545 | 28,544 | |||||
| Liabilities | ||||||
| Liabilities due in | one year | |||||
| Interest Free Loan | 16,800 | 16,800 | ||||
| Net Current Assets | 17,745 | 11,?44 | ||||
| Total Assets Less Current | Liabilitiep | 164,315 | 178,124 | |||
| Amounts falling due after |
one year | |||||
| interest free Loan | 41,000 | 57,800 | ||||
| Total Net Assets | 123,315 | 120,324 |
| Mr David Abraham | bought the the property | bought the the property | at 4StJames Street and transferred | at 4StJames Street and transferred | itto the Church for | F160,000 on interest free |
|---|---|---|---|---|---|---|
| loan. Repayment | is by a monthly | payment'of | F1,400 to him. He however, | has a | lien on the Property | until the final payment is |
| made. | ||||||
| Church Funds | 2023 | 2022 | ||||
| Unrestricted Funds |
114,658 | 111,478 | ||||
| Restricted Funds |
8,657 | 8,846 | ||||
| 123,315 | 120,324 |
| Total | Total | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Designated | Restricted | Endownment | Funds | Funds | |||
| Income and Endowments | from: | 2 | Funds | Funds | Funds | Funds | 2023 | 2022 |
| E | ||||||||
| Donations and Legacies |
2a | 40,314 | 3,150 | 43,464 | 57,354 | |||
| Voluntary income/Receipts |
||||||||
| Tithes | 37,598 | 37,598 | 40,394 | |||||
| Other planned giving |
||||||||
| Collections at services All other giving and voluntary |
1,051 | 1,051 | 4,630 | |||||
| receipts including special |
||||||||
| appeals | 1,665 | 3,150 | 4,815 | 12,330 | ||||
| Charitable Activities |
6,938 | 6,938 | 1,852 | |||||
| Church Activities | ||||||||
| Car Boot | 1,703 | 1,703 | 1,852 | |||||
| Fund Raising | 707 | 707 | ||||||
| Tax Recovered | 4,528 | 4,528 | ||||||
| Unrestricted | Designated | Restricted | Endowrnment | Total Funds | Total Funds | |||
| Funds | Funds | Funds | Funds | 2023 | 2022 | |||
| Other Trading Activites | 2c | 21,005 | 21,005 | 11,265 | ||||
| Activities for Generating | Fund | |||||||
| Rent | 21,005 | 21,005 | 11,265 | |||||
| Total | 68,257 | 3,150 | 71,407 | 70,471 |
| Total | Total | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Designated | Restricted | Endownrnent | Funds | Funds | |||
| EXPENDITURE ON: | Funds | Funds | Funds | Funds | 2023 | 2022 | ||
| E | ||||||||
| Charitable Activities |
3a | 62,067 | 3,339 | 65,406 | 62,647 | |||
| Church Activities | ||||||||
| Mission giving and donations |
100 | |||||||
| Salaries/Wages | ||||||||
| Clergy and Staff Expenses | 12,000 | 12,000 | 20,400 | |||||
| Church Expenses | ||||||||
| Church running expenses |
13,185 | 3,339 | 16,525 | 10,072 | ||||
| Church Expenses (Mission | and | |||||||
| Evangelism) | 2,535 | 2,535 | 849 | |||||
| Church utility bills |
12,231 | 12,231 | 7,998 | |||||
| Premises Insurance |
2,036 | 2,036 | 1,835 | |||||
| Major Capital Expenditure | ||||||||
| Major Repairs to the Church | 3,280 | 3,280 | 4,594 | |||||
| Repayment of loan |
16,800 | 16,800 | 16,800 | |||||
| Total | 62,067 | 3,339 | 65,406 | 62,647 |
| 2023 | 2022 |
|---|---|
| f. | E |
| 5(a) Fixed Assets | Freehold | Church | Totai | |
|---|---|---|---|---|
| Buildings | Equipment | |||
| At Cost or Valuation | ||||
| As at 1 | Apr | 160,000 | 95,900 | 255,900 |
| Additions in |
the Year | 3,212 | 3,212 | |
| Disposal in |
the Year | |||
| Revaluation | (ifany) | |||
| Value at 31 | Mar | 160,000 | 99,112 | 259,112 |
| Accumulated Depreciation |
||||
| As at 1 | Apr | 12,800 | 76,720 | 89,520 |
| Charge for the Year | 3,200 | 19,822 | 23,022 | |
| Disposals | ||||
| As at 31 Mar | 16,000 | 96,542 | 112,542 | |
| Net BookValue | at 31 Mar | 147,200 | 22,392 | 169,592 |
| Net BookValue | at 01 Apr | 144,000 | 2,570 | 146,570 |
| New | Life Worldwide | Apostolic Church | ||
|---|---|---|---|---|
| 6 | Liabilities | 2023 | 2022 | |
| Amounts falling due in one year |
||||
| Accurals of Utilities | ||||
| Amounts Received |
in Advance | |||
| Interest free loan | 16,800 | 16,800 | ||
| Other Creditors | 115 | |||
| 16,915 | 16,800 | |||
| 6a | Amounts falling due after one year |
2023 | 2022 | |
| Interest free loan | 41,000 | 57,800 | ||
| 41,000 | 57,800 |
| Analys | is of Net Assets | |||||
|---|---|---|---|---|---|---|
| General Unrestricted Funds |
Designated Funds |
Restricted Funds |
Endownrnent Funds |
Total | ||
| Fixed Assets | 146,570 | 146,570 | ||||
| Investment Assets |
||||||
| Current | Assets | 25,888 | 8,657 | 34,545 | ||
| Current | Liabilities | 16,800 | 16,800 | |||
| 155,658 | 8,657 | 164,315 |
| 8 | Funds Reconcilation | Funds Reconcilation | Reserves | Incoming | Resources | Investment | Reserves |
|---|---|---|---|---|---|---|---|
| 'at | Resources | Expended | Gains ILosses | at | |||
| 1 Apr | 31 Mar | ||||||
| Unrestricted | Funds | 19,698 | 68,257 | 62,067 | 25,888 | ||
| Restricted | Funds | ||||||
| Upper Room Pledge 8 Others | 8,846 | 3,150 | 3,339 | 8,657 | |||
| Total Funds | 28,544 | 71,407 | 65,406 | 34,545 |
| New | Life Worldwide | Apostolic Church | ||
|---|---|---|---|---|
| 6 | Liabilities | 2023 | 2022 | |
| Amounts falling due in one year |
||||
| Accurals of Utilities | ||||
| Amounts Received |
in Advance | |||
| Interest free loan | 16,800 | 16,800 | ||
| Other Creditors | 115 | |||
| 16,915 | 16,800 | |||
| 6a | Amounts falling due after one year |
2023 | 2022 | |
| Interest free loan | 41,000 | 57,800 | ||
| 41,000 | 57,800 |
| Analys | is of Net Assets | |||||
|---|---|---|---|---|---|---|
| General Unrestricted Funds |
Designated Funds |
Restricted Funds |
Endownrnent Funds |
Total | ||
| Fixed Assets | 146,570 | 146,570 | ||||
| Investment Assets |
||||||
| Current | Assets | 25,888 | 8,657 | 34,545 | ||
| Current | Liabilities | 16,800 | 16,800 | |||
| 155,658 | 8,657 | 164,315 |
| 8 | Funds Reconcilation | Funds Reconcilation | Reserves | Incoming | Resources | Investment | Reserves |
|---|---|---|---|---|---|---|---|
| 'at | Resources | Expended | Gains ILosses | at | |||
| 1 Apr | 31 Mar | ||||||
| Unrestricted | Funds | 19,698 | 68,257 | 62,067 | 25,888 | ||
| Restricted | Funds | ||||||
| Upper Room Pledge 8 Others | 8,846 | 3,150 | 3,339 | 8,657 | |||
| Total Funds | 28,544 | 71,407 | 65,406 | 34,545 |