Wednesday, 10 June 2015

FINANCIAL REPORT OF THE CHURCH



PENTECOST STUDENTS AND ASSOCIATES-PENSA
KUMASI POLYTECHNIC
END OF YEAR FINANCIAL REPORT
REVENUE                                                                          
TRANSACTION                                                                               AMOUNT
                                                                                      GHS             GHS
Balance brought forward as at 4th may 2014                                                              3200
Tithes: Main Campus                                                                    1493
              Adako Assembly                                                            754.70                  2247.70
Offerings: Main campus                                                      9024.40
                    Adako Assembly                                                1166.15            10190.55
Fundraising: Mini : Main campus                       3605
                                   Adako Assembly                   831        4436
                          Major : Both Assembly                                5285                       9721
Other income                                                                                                           700    
    Total    income                                                                                                 26059.25


PENTECOST STUDENTS AND ASSOCIATES-PENSA
KUMASI POLYTECHNIC
END OF YEAR FINANCIAL REPORT
EXPENDITURE
TRANSACTION                                          NOTES:                        AMOUNT
COMMUNICATION                                       1                                300
STATIONERY                                                 2                               900
WELFARE(FUNERALS&WEDDINGS)           3                              1495
TRANSPORTATION                                     4                               640
APPRECIATION                                              5                              1320
DUES & QUOTAS                                            6                             1200
PROPERTIES & EQUIPMENT  PURCHASED   7                           5300
DONATIONS                                                      8                            150
REFRESHMENT                                                 9                            1110
VEHICLE MAINTENANCE COST                     10                          6604.65
DEFICIT ON RURAL EVANGELISM                                              295.3
DEFICIT ON NCC MEETING                                                          885
DEFICIT ON MEGA PRAISE (AYEYE)                                           843.6
VISITATION TO T/S / COMMITMENT                                          500
TOTAL EXPENDITURE                                                                                           21543.55
TOTAL BALANCE C/D GHS 4515.70
PENTECOST STUDENTS AND ASSOCIATES-PENSA
KUMASI POLYTECHNIC
SUPPLEMENTORY NOTES FORMING PART OF THE ACCOUNT
NOTES:
Communication cost include cost of messages through M-notify to both
Alumni and members, credit cards to President and secretary and other committee members during programs.

Stationery cost as mentioned represent the cost of printing semester brochures, banners,photocopies,letter heads during major programs as well as printing outlines for Sunday services,evelops for Sunday services an d fundraising.

Welfare cost includes cost of attending funerals and weddings as well as donations made to members during that occasion.

Transportation cost include President and Secretary T&T to NCC meetings in Accra, Cape coast as well as Gomoa Fetteh (PCC) and other executives and members t&t to invited programs.

Appreciation cost as stated includes commitment to organising team, instrumentalist, appreciation to specially invited speakers, cost of certificate to final years, citation to guest speakers of major programs as well as executives.

Dues and Quota as indicated in the account includes administrative support to PENSA National, leadership retreat registration for CC executives as well as other executives, support to ITI secretariat.

Equipment and Properties purchased cost of  GHC 5300  includes cost of four rooms canopies (2 in one) which cost GHS 2560 for Adako jachie Assembly,Amp & mixer GHS 2200 for main campus,extension boards, power roller, guitar strings,20 jack pins,speaker wire and others which constituted GHS 540.

Donations as mentioned represent the amount given to support members’ school fees, care for the sick and other commitment.

Refreshment cost also represent cost of drinks and pie on leavers day,freshers day, water for Sunday services as well as emergency meetings, bread and wine for lords supper as well as bottled water for invited guest.

Vehicle maintenance cost of GHS 6604.65 is detailed in the vehicle account.

Deficit from rural evangelism GHS 295.3, NCC meetings GHS 885 and Mega praise GHS 843.6 has been explained detailed in their respective account.

  

1                
PENTECOST STUDENTS AND ASSOCIATES-PENSA
KUMASI POLYTECHNIC
REPORT ON PRAYER FESTIVAL 2015
INCOME                                                           NOTES                             GHS 
RECEIPT FROM ENVELOP                                                                        88
OFFERING                                                                                                1451
FUND RAISED                                                                                          556.3
RECEIPTS FROM SALE OF T-SHIRT                                                        305         2400.3
EXPENDITURE
COMMUNICATION                                                   1                                     20
VENUE                                                                          2                                     150
PRINTING OF POSTERS                                                                                   350
PRINTING OF T-SHIRT                                                                                     305
LOSS ON SALE OF T-SHIRT                                                                             95
REFRESHMENT                                                        3                                        228
FUEL                                                                          4                                         130
APPRECIATION                                                        5                                       155
OTHER EXPENSES                                                   6                                        88       1521
SURPLUS                                                                                                                     879.3


PENTECOST STUDENTS AND ASSOCIATES-PENSA
KUMASI POLYTECHNIC
SUPPLEMENTORY NOTES (PRAYER FESTIVAL)
     NOTES:
 Communication costs include cost of messages to Alumni and members                                                before the program.
 Cost of Venue as indicated in the account constitute the amount paid for  the use of sports complex for the 3-day night sessions.
Refreshment includes food and water to Alumni, organising team as well as instrumentalist during the program.
Fuel cost include cost of conveying members from Adako jachie to main campus during the program.
Appreciation cost includes commitment to the invited speaker as well as citation to the speaker.


PENTECOST STUDENTS AND ASSOCIATES-PENSA
KUMASI POLYTECHNIC
EXPENDITURE ON VEHICLE
DATE                              ITEMS                           AMOUNT                    TOTAL
                                                                                    GHS                          GHS
MAY-NOV 2014:      Break Pot                                  200
                                    Break civil                                   180
                                    Traficator light                          55
                                    Back bumper                             70
                                    Oil                                                 30
                                   Seat                                               15
                                   Workmanship                            10
                                   Fuel for mini outreach             250
                                   Fuel for other rounds              300                             1110
DEC.18,2014:           Engine cost                               2750
                                    Lifting of Engine                        20
                                    Battery for starting                  10
                                   Gasket                                          10
                                   Accelerator cable                      80
                                    Plate for seating                       40
                                   Gasket Cement                          6
                                   Sealant  10
                                   Oil pump                                      15
                                   workmanship                           280                       3221
DEC. 19,2014:        Sealant                                       10
                                 Gasket Cement                           6
                                  Drilling                                         50
                                   Centre plate                              40
                                  Diesel                                           10
                                 Oil                                                  150                       266
DEC.20, 2014:      Washing                                      30
                                Tyres                                              440
                              Water holes cover                        90                            560
JAN-MAY 2015:   Road works                                 150
                                Insurance                                     130
                                Driver License                              200
                                 Washing Bay                               20
                                 Fire extinguisher                        20
                                 Wiper blade arm                        20
                                 Wiper blade                                20
                              First Aid and Kit                             10
                              Fuel                                                   20
                              Electrical works                             20
                               Belt & nuts for seat                     5
                                Welding                                         15
                               Pumping tyre                                1.65             151.65
          Grand Total                                                                               6604.65


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