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2024-04-05-accounts
| CONTENTS |
PAGE |
| TRUST INFORMATION |
|
| ACCOUNTANTS REPORT |
2 |
| INCOME& EXPENDITURE STATEMENT |
3 |
| BALANCE SHEET |
4 |
| NOTES TO THE ACCOUNTS |
5-6 |
|
|
|
2024 |
2023 |
| RECEIPTS |
|
|
|
|
| Offerings |
|
|
56,417 |
50,679 |
| Gift Aid |
|
|
44, 1 91 |
46,006 |
| Room Hire |
|
|
863 |
599 |
| Dedicated Gifts / Gifts |
|
|
20,000 |
15,000 |
| Interest Receivable |
|
|
1 ,649 |
471 |
|
|
|
123,120 |
112,755 |
| EXPENDITURE |
|
|
|
|
| Mission Support |
|
|
13,143 |
12,645 |
| Mission Support |
- |
Mvula Mvula |
26,993 |
17,500 |
| Mission Support |
- |
Open Door |
450 |
|
| Salaries |
|
|
36,373 |
33,380 |
| Travel Expenses |
|
|
2,598 |
3,384 |
| Light & Heat |
|
|
2,863 |
4,443 |
| Insurance |
|
|
2,326 |
I
,493 |
| Repairs and Maintenance |
|
|
8,623 |
2,502 |
| Professional Fees |
|
- Consultancy |
2,000 |
|
| Accountancy |
|
|
750 |
732 |
| Copyright Licence |
|
|
607 |
566 |
| Equipment Expenses |
|
|
|
4,120 |
| Internet Costs |
|
|
517 |
481 |
| Teen Ministry |
|
|
2,150 |
1 ,065 |
| Sundry Expenses |
|
|
159 |
159 |
| Water Rates |
|
|
283 |
288 |
| Bank Charges |
|
|
182 |
288 |
| Cleaning |
|
|
412 |
85 |
| Property Refurbishment |
|
|
13,682 |
11 ,692 |
| Sunday School |
|
|
1 ,097 |
754 |
| Speakers Fees |
|
|
50 |
365 |
|
|
|
115,258 |
95,942 |
| NET SURPLUS |
|
|
7,862 |
16,813 |
|
Notes |
2024 |
2023 |
| FIXED ASSETS |
|
|
|
| Tangible Assets |
2 |
422,876 |
422,876 |
| CURRENTASSETS |
|
|
|
| Debtors |
3 |
8,561 |
8,608 |
| Bank and Cash Balance |
|
138,317 |
130,289 |
|
|
146,878 |
138,897 |
| TOTALASSETS |
|
569,754 |
561 ,773 |
| CURRENT LIABILITIES |
|
|
|
| Accruals |
|
1,927 |
,808 |
|
|
1,927 |
1 ,808 |
| TOTALASSETS LESS CURRENT LIABILITIES |
|
567,827 |
559,965 |
| CAPITAL ACCOUNT |
|
|
|
| Opening Balance as at 1st April 2023 |
|
559,965 |
543,152 |
| Surplus for the year |
|
7,862 |
16,813 |
| Closing Balance as at 31st March 2024 |
|
567,827 |
559,965 |
|
Land & |
|
|
|
Buildings |
|
|
|
Freehold |
Equipment |
Total |
| COST |
|
|
|
| As at 1st April 2023 |
422,876 |
29,214 |
452,090 |
| Disposals |
|
|
|
| Additions |
|
|
|
| As at 31stMarch 2024 |
422,876 |
29,214 |
452,090 |
| DEPRECIATION |
|
|
|
| As at 1st April 2023 |
|
29,214 |
29,214 |
| Eliminated on Disposal |
|
|
|
| Charge for the Year |
|
|
|
| As at 31st March 2024 |
|
29,214 |
29,214 |
| NET BOOK VALUE |
|
|
|
| As at 31stMarch 2024 |
422,876 |
|
422,876 |
| As at 31st March 2023 |
422,876 |
|
422,876 |
| 2024 |
2023 |
| 6,473 |
6,700 |
| 2,088 |
1 ,908 |
| 8,561 |
8,608 |