| Page | ||
|---|---|---|
| Trustees report | 1-2 | |
| Independent examiners |
report | |
| Receipts and payments | accounts | |
| Statement ofassets and | liabilities | |
| Notes to the accounts |
| Words of Life Ministries Receipts and payments account Forthe year ended 30 September |
2020 | ||||||
|---|---|---|---|---|---|---|---|
| Year | to | ||||||
| 30September | 2019 | ||||||
| General | Special | General | Special | ||||
| fund | projects | Total | Fund | Projects | Total | ||
| f | E | E | E | E | E | ||
| Income | |||||||
| Gifts and donations | 65,350 | 8,062 | 73,412 | 21,415 | 25,043 | 46,458 | |
| Tax recovered | 2,705 | 2,705 | 1,912 | — | 1,912 | ||
| Bank Interest | 67 | 67 | 48 | - | 48 | ||
| TOTAL | 68,122 | 8,062 | 76,184 | 23,375 | 25,043 | 48,418 | |
| Expenditure | |||||||
| Ministry expenses | 12,189 | 12,189 | 11,918 | 11,918 | |||
| Motor expenses | 1,521 | 1,521 | 3,708 | 3,708 | |||
| Travel expenses | 7,183 | 7,183 | 4,159 | 4,159 | |||
| Postage and freight | 3,202 | 3,202 | 3,128 | 3,128 | |||
| Telephone and email |
716 | 716 | 720 | 720 | |||
| Printing | 3,005 | 3,005 | 2,582 | 2,582 | |||
| Stationery | 96 | 96 | 408 | 408 | |||
| Website &computer costs | 133 | 133 | 878 | 878 | |||
| Heat & light | 100 | 100 | 100 | 100 | |||
| Professional fees |
720 | 720 | 636 | 636 | |||
| Trustees meetings | 142 | 142 | 95 | 95 | |||
| Bank charges | 227 | 227 | 272 | 272 | |||
| Other expenses | 900 | 900 | |||||
| projects | 7,701 | 7,701 | 775 | 25,271 | 26,046 | ||
| Exchange rate differences | 135 | 330 | 465 | (333) | (333) | ||
| TOTAL | 29,142 | 8,258 | 37,400 | 29,674 | 25,543 | 55,217 | |
| Excess ofincome over expenditure | 38,980 | (196) | 38,784 | (6,299) | (500) | (6,799) | |
| Opening balance |
23,498 | 933 | 24,431 | 29,797 | 1,433 | 31,230 | |
| Closing balance | 62,478 | 737 | 63,215 | 23,498 | 933 | 24,431 |
| As at 30Sept | ember 2020 | |||||
|---|---|---|---|---|---|---|
| 30Sep | 2020 | 30Sep | 2019 | |||
| f | f | f | f | |||
| Cash funds | ||||||
| HSBCcurrent | account | 596 | 808 | |||
| HSBC deposit | account | 59,963 | 21,126 | |||
| US 5 | 2,656 | 2,497 | ||||
| 63,215 | 24,431 | |||||
| Represented | by: | |||||
| General fund | 62,478 | 23,498 | ||||
| Special projects restricted | fund | 737 | 933 | |||
| 63,215 | 24,431 | |||||
| t | ||||||
| Gift aid reclaimable | 970 | 1,177 | ||||
| Liabilities | ||||||
| Independent | examination | 720 | 600 |