UNITED CHURCH OF GOD (HANDSWORTH)

INCOME AND EXPENDITURE STATEMENT

FOR THE YEAR ENDED 31ST DECEMBER 2016

 THE UNITED CHURCH OF GOD (HANDSWORTH)
INCOME AND EXPENDITURE STATEMENT
FOR THE YEAR ENDED 31ST DECEMBER 2016

INCOME 2016 2015

£ £ £ £

Tithes & Offering 42388 34713

Members Pledge/For Building 10780 14744
Conference/Convention NIL 2353
Fun Day NIL 800
Sunday school Offering 890 2740
Family challenge endeavour 300 NIL
Mission fund 1528 970
Bank interest 1 1

TOTAL INCOME (RECEIPTS) 55887 56321

EXPENDITURE

Land Development 44305 25000

Mission Expense & Donation 4537 1741
Insurance - Buildings/contents 5818 5506
- Church van 1340 1279
Gas & Electricity 6225 6855
Telephone 387 557
T V Licence 150 150
Church van expenses/Travel 1406 1812
Repairs & Renewals 755 2705
Building maintenance NIL 4551
Stationery 273 535
Accountants Fee 125 100
Floral decoration 320 108
Books & Training 649 799
Water rate 62 273
Sundry Church Expenses 1035 209
Depreciation 2016 2320

Total Expenditure 69403 54500

Excess of Income Over Expenditure -13516 1821

 UNITED CHURCH OF GOD (HANDSWORTH)

REPORT AND FINANCIAL STATEMENT

FOR THE YEAR ENDED 31ST DECEMBER 2016

INDEX PAGES

MANAGEMENT COMMITTEE'S/TRUSTEES REPORT 1

AND STATEMENT OF RESPONSIBILITIES

RECEIPT AND EXPENDITURE ACCOUNT 2

BALANCE SHEET 3

NOTE TO THE FINANCIAL STATEMENTS 4

 UNITED CHURCH OF GOD (HANDSWORTH)
REPORT OF THE MANAGEMENT COMMITTEE/TRUSTIES
AND ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2016

The Management Committee and Trustees present their Annual Report and the Financial Statements
of the church for the year ended 31st December 2016.
The Financial Statements are set out on pages 1-5.

Principal Activities and Vision

The principle activities and vision of the Church have, during the year continued to be that of the
Church organisation whose vision is to "Worship, pray and study of the word of GOD" by preaching
and teaching the uncompromising word of God, and "seek to promote the relevant programme that will
for the needs of both the church and the local community".

Executive Committee/Trustees

At 31st December 2016 the officers and trustees of the church were as under:

Mr. Carlton George Ellis * Chairman & Secretary

Mrs G. E. Mills * Treasurer
Mr. E. D. Munroe * Trustee
Mr Leaford Sharpe * Trustee
Rev. Hubert Henry * Trustee
Mrs L. A. Lawson * Trustee

Statement of Management Committee's Responsibilities

The following statement, which would be read in conjunction with the report to the Accountant on page
3, is made with the view to distinguishing for members the respective responsibilities of the Trustees
and of the Accountants in relation to the financial statements.

The church's constitution requires the trustees to prepare financial statements for each financial year
which give a true and fair view of the state of the affairs as at the end of the financial year and of its
income and expenditure for that period. In preparing those financial statements the trustees are
required to;
* Select suitable accounting polices and then apply them consistently;
* Make judgements and estimates that are responsible and prudent;
* State whether applicable accounting standards have been followed, subject to
any material departure disclosed and explained in the financial statements;
* Prepare the financial statements on the going concern basis unless it is
inappropriate to presume that the organisation will continue in business.

The committee is responsible for keeping proper accounting records, which disclose with responsible
accuracy at any time, the financial position of the organisation and to enable them to ensure that the
financial statements comply with the company law. They are also responsible for safe guarding the
assets of the organisation and hence for taking reasonable steps for the prevention and detection of
fraud and other irregularities.

The report was approved by the trustees on the 17th October 2017

Secretary…………………………………
Mr C. G. Ellis
 UNITED CHURCH OF GOD (HANDSWORTH)
BALANCE SHEET AS AT 31ST DECEMBER 2016

2016 2015
£ £ £ £
FIXED ASSETS

FREEHOLD PROPERTY
Church building at cost 29855 29855
Land 150000 150000
Land Development 116673 296528 116673 296528

Equipment, Fixtures & Fittings B/fwd 20158 22398

Less Depreciation 2016 2240

18142 20158
Motor Vehicles (van) B/fwd 718 798
Less Depreciation 144 80
574 718
315244 317404
CURRENT ASSETS
Barclays Bank Current Account 19610 44759
Barclays Bank Savings Account 2281 2280
Cash In Hand 13527 103
35418 47142

LESS CURRENT LIABILITIES

Accrual Expense ( Accounts) 125 100

Creditors NIL 393
125 493
35293 46649
TOTAL ASSETS LESS LIABILITIES 350537 364053

REPRESENTED BY: ACCUMULATED FUNDS

Unrestricted Funds:
Funds B/fwd 362936 361115
Deficit/Excess Receipts Over Expenditure -13516 1821
349420 362936
Restricted Funds:
Funds B/fwd 1117 1117
Building Maintenance Fund NIL NIL
1117 1117

Accumulated Funds C/fwd 350537 364053

APPROVED BY……………………………….. APPROVED BY …………………………..

Mr C. G. Ellis Chairman Mrs G Mills Treasurer
17th October 2017 17th October 2017
 UNITED CHURCH OF GOD (HANDSWORTH)
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2016

1. Principle Accounting Policies

The following accounting policies have been applied in dealing with items which are
considered material in relation to the financial statements of the organisation.

1.1 Accounting Convention

The financial statements have been prepared under the historical cost convention, and in
accordance with applicable UK accounting standards.

The management committee/trustees consider that receipts and expenditure account is the
most appropriate form of reporting its operations. Although this in an unincorporated
organisation, this form for reporting represents a departure from the standard format of
schedule 4 of the companies act 1985 and it has been made to enable the accounts to
show a true and fair view.

1.2 Receipts and Expenditure

Grants, donations and other income receivable by the church are accounted for through
the receipt and expenditure account.

1.3 Depreciation

Depreciation is provided on all fixed assets at rates calculated to write off the cost. Less
estimated residual value of each asset over its expected useful life at the following annual
rates.

Freehold Nil
Expected, Fixtures & Fittings 10% per Annum of Net Book Value
Motor Vehicles 10% per Annum of Net Book Value