COMMISSIONERS FOR CHRIST MINISTRY

PAGE 1

FINANCIAL STATEMENT
FOR THE YEAR ENDING 30 SEPTEMBER 2013
CENTRAL
A/C

NRB
CHAPTER

EMBU/KIR
CHAPTER

MOMBASA
CHAPTER

2013
TOTALS

YEAR 2013
PROJECTION
S
KSH
KSH

2012
TOTALS

KSH

KSH

KSH

KSH

KSH

32,000

754,947

35,600

19,000

841,547

735,170

409,560

385,942

Income
Members Contributions
Convention
Annual Mission

409,560

1,750,000

300,150

Offerings

6,850

48,665

5,640

61,155

41,128

90,000

Donations

97,000

3,000

100,000

39,400

50,000

Retreat

23,100

5,200

100

5,300

5,200

16,000

1,986

1,986

1,339

Land (Registration of Easement)

96,000

96,000

Transfers to Central Treasurer

883,647

(851,947)

(19,700)

(12,000)

1,435,243

48,665

19,000

12,640

1,515,548

1,547,429

395,626

404,942

450,000

273,040

320,000

Registration
School fees (Mandove)
Office Hiring
Bank Interest

Total Income

1,890,000

Expense
Annual Convention

43,000

43,000

75,000

Ministry Reflection Retreat

182,176

182,176

Rent and Hall Hire

150,000

26,400

16,000

192,400

160,100

200,000

Regular Missions

215,830

10,500

1,000

227,330

212,390

230,000

Annual Mission
Teachers Conference

Retreat Exps

395,626

64,788

2,500

2,600

69,888

86,100

90,000

6,000

6,000

3,800

6,000

AGM Exps

38,150

37,127

75,277

76,260

75,000

Committee/Meeting Expenses

21,293

23,850

1,500

46,643

29,393

50,000

Follow up /Editoria Exps

53,000

53,000

18,000

Kind Donations

2,000

4,000

6,000

15,000

20,000

Salaries & wages

Post Office Annual Fee

80,500

80,500

30,500

120,000

Transport & Traveling

1,670

1,400

3,070

2,400

5,000

Prayer Meetings

5,500

25,745

31,245

17,710

35,000

23,500

23,500

5,410

7,000

1,500

5,000

14,908

14,908

7,782

15,000

Repairs & Maintenance

Annual Returns
Electricity
Bank Charges

2,910

150

3,060

3,927

5,000

Office Gen.exps

4,900

501

5,401

17,353

20,000

26,910

26,910

32,300

35,000

Website Expenses

5,000

5,000

15,500

15,000

Equipments

7,074

7,074

9,113

10,000

Insurance

8,075

8,075

8,075

Printing & Stationary/Library

Depreciation
TOTAL EXPENDITURE

51,638

56,360

1,404,448

117,773

15,900

19,600

1,557,721

1,460,880

1,870,876

SURPLUS FOR THE PERIOD

30,795

-69,108

3,100

-6,960

-42,173

86,549

19,124

SURPLUS B/D (YEAR 2012)

-397,470

1,435,700

70,425

39,741

1,148,396

1,061,847

ACCUMULATED SURPLUS

-366,674

1,366,592

73,525

32,781

1,106,224

1,148,396

51,638

56,801

COMMISSIONERS FOR CHRIST MINISTRY

BALANCE SHEET
AS AT 30 SEPTEMBER 2012
2013

2012

ASSETS

Kshs

Kshs

Fixed Assets

3,416,425

3,361,512

Cash at hand

4,281

58,369

Cash at Bank

185,518

228,515

Total Current assets

189,799

286,884

3,606,224

3,648,396

Accumulated surplus

1,106,224

1,148,396

Asset revaluation fund

2,500,000

2,500,000

3,606,224

3,648,396

-0

-0

Current Assets

TOTAL ASSETS

FINANCED BY;

The accounts were checked and review by the auditor B. Muchiri - Oct, 2013.
J. Muna
Treasurer yr 2012/2013- cfcm

COMMISSIONERS FOR CHRIST MINISTRY

NOTES TO THE ACCOUNTS
FOR THE PERIOD ENDING 30 SEPTEMBER 2013

ACCOUNTING POLICIES
(a) Depreciation
Depreciation is computed so as to write off the assets over their expected useful lives on a reducing balance basis.
The rates applied are as follows;
Furniture, Fittings & Equipment
Computer & Peripherals

12.5%
30.0%

b) Land has not been revalued

SCHEDULE OF FIXED ASSETS

LAND

OFFICE
EQUIPMENT
Kshs
Kshs
3,000,000
524,840
106,550

FURNITURE COMPUTERS
&
&
FITTINGS
PRINTER
Kshs
Kshs
93,200
151,000

3,000,000

631,390

93,200

151,000

TOTAL
Kshs
3,769,040
106,550
0
3,875,590

241,150
35,461
276,611

52,226
5,122
57,348

114,151
11,055
125,206

407,528
51,638
459,165

Net book value 30.09.2013

3,000,000

354,779

35,852

25,794

3,416,425

Net book value at 30.09.2012

3,000,000

283,690

40,974

36,849

3,361,512

COST
Cost As at 01.10.12
Purchases in the year
Land revaluation
Total cost
DEPRECIATION
As At 01.10.12
Charge for the Year
Total depreciation