Page 21 - Final Annual Report 2020
P. 21
Pilgrim Church
Statement of Assets, Liabilities and Fund Balances
as of December 31 , 2020 and 2019
2020 2019
Assets
Cash & Equivalents $287,379 $362,823
Accounts Receivable 0 0
Prepaid Expenses 1,098 12,793
Total Assets 288,477 375,616
Liabilities
Accounts Payable & Accrued
Expenses ($1,431) $15,611
Prepaid Income/Deposits 99,491 121,328
Long Term Liabilities
Total Liabilities 98,060 136,939
Fund Balances
Local Ministry 117,980 144,228
Missions 11,653 5,633
Hunger 8,664 9,163
Property Maintenance 20,752 55,565
Work Camp 15,129 14,551
MetroWest Covid Expense (3,073) 0
Metro West Good Neighbor 9,775 0
Church Fair 9,537 9,537
Total Fund Balances 190,417 238,677
Total Liabilities & Fund Balances $288,477 $375,616
Property Maintenance Fund
Statement of Revenue, Expenses and Fund Balances
for the Year Ended December 31, 2020
Revenue
Transfer from Local Ministry Fund $0
Donations 3,670
Total Revenue 3,670
Expenses
Tree Replacement 2,950
Parsonage Maintenance 75
Church Accessibility Project 400
Remodel 20,208
Building Repairs 14,850
Total Expenses 38,483
Revenue Over (Under) Expenses (34,813)
Beginning Fund Balance 55,565
Ending Fund Balance $20,752
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