## **River of Salvation Evangelical Church Waldaa Burqaa Fayyina** 

## **Income & Expenditure Summary For the year ending 31 Dec  2024** 

|**Income/Galii**<br>Offerings and Donations<br>Tithe<br>Afoshaa Fund<br>Borana Support Fund<br>**Total income**<br>**Expenditure/Baasii**<br>Rent (church building)<br>Hall Hire<br>Guest Preachers<br>Volunteer Expenses<br>Afosha expenditure<br>Other<br>**Total Expenditure**<br>**Surplus/Deficit**<br>Bank/Cash balance BF<br>Adjustment to opening balance<br>Bank/Cash CF|**Year 2024**<br>3,436.03<br>3,520.70<br>0.00<br>0.00<br>**6,956.73**<br>5,600.00<br>435.00<br>1,200.00<br>150.00<br>836.21<br>213.48<br>**8,434.69**<br>-1,477.96<br>7,824.04<br>-761.72|**Year 2023**<br>5,851.48<br>4,260.00<br>1,767.52<br>710.00<br>**12,589.00**<br>5,760.00<br>550.00<br>350.00<br>0<br>0<br>323.55<br>**6,983.55**<br>**5,605.45**<br>2,218.59|
|---|---|---|
||**5,584.36**|**7,824.04**|
||||
|Actual bank balance (as at 31/12/2024)<br>Cash on hand 31/12/2024<br>Afosha  - cash in hand||5,165.07<br>245.50<br>173.79|
|||**5,584.36**|





## **Notes to the accounts** 

1. These accounts are based on Receipts and Payments, hence no accruals are inclu This means tithe, donations and Afosha deposited into bank are included in the acc period/month deposited. 

**Afosha** ' is a mutual support venture where money raised is used to support membe emergencies and in times of need 

The Afosha fund should be treated as restricted the money can only be spent on sp in line with the purpose of the venture. 

2. The Borana Support fund represents money raised to provide financial support to People who faced starvation due to severe weather conditions. The money should be spent in line with the purpose for which it has been raised 

## 3. The fund balance at the end of Dec. 2024 is split as follows: 

|alance at the end of Dec. 2024|is split as follows:|
|---|---|
|Unrestricted church fund|3,943.05|
|Borana Support Fund|710.00|
|Afosha Fund *|931.31|
|**Total funds**|**5,584.36**|



* this doesn't include the £707.07 deposited in March 2025 



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