2015 REPORT FINAL1

90
CHRIST
FINANCIAL
IS THE CHRIST ANSWER
STATEMENTS
IS CHRIST THE MINISTRIES ANSWER IS THE (CITAM) MINISTRIES ANSWER
FOR
MINISTRIES (CITAM)
THE
(CITAM)
YEAR ENDED 31ST DECEMBER 2015
STATEMENT OF SURPLUS OR DEFICIT
FINANCIAL STATEMENTS FINANCIAL FINANCIAL STATEMENTS FOR THE STATEMENTS YEAR FOR ENDED THE YEAR FOR 31ST THE ENDED DECEMBER YEAR 31ST ENDED 2015 DECEMBER 31ST DECEMBER 2015 2015
STATEMENT STATEMENT OF SURPLUS STATEMENT OF OR SURPLUS DEFICIT OF SURPLUS OR DEFICIT OR DEFICIT
Note Note 2015 Note 20152014
2015 2014 2014
Kshs Kshs Kshs Kshs Kshs Kshs
Assemblies Assemblies Income Assemblies Income Income 2
2 2
Tithes and offerings Tithes and Tithes offerings and offerings 946,273,267 946,273,267 798,600,377 946,273,267 798,600,377 798,600,377
Ministries and Ministries departments and Ministries departments and departments 42,156,087 42,156,087 26,007,201 42,156,087 26,007,201 26,007,201
Fundraising and Fundraising donations Fundraising and donations and donations 12,287,201 12,287,201 1,373,995 12,287,201 1,373,995 1,373,995
Other incomeOther income Other income 9,859,476 9,859,476 654,243 9,859,47654,243
654,243
Rental income Rental income Rental income 6,191,106 6,191,106 8,808,938 6,191,106 8,808,938 8,808,938
Investment income Investment Investment income income 156,971 156,971 270,156 156,971270,156
270,156
Total incomeTotal income Total income 1,016,924,108 1,016,924,108 835,714,910 1,016,924,108 835,714,910 835,714,910
Assemblies ExpensesAssemblies Expenses 2
2 2
Staff costs Staff costsStaff costs 221,514,039 221,514,039 215,745,451 221,514,039 215,745,451 215,745,451
Administrative Administrative costs Administrative costs costs 201,123,052 201,123,052 145,566,421 201,123,052 145,566,421 145,566,421
Ministries costs Ministries costs Ministries costs 182,659,776 182,659,776 168,751,418 182,659,776 168,751,418 168,751,418
Severance costs Severance Severance costs costs 1,459,252 1,459,252 56,066,766 1,459,252 56,066,766 56,066,766
Total expenses Total expenses Total expenses 606,756,119 606,756,119 586,130,056 606,756,119 586,130,056 586,130,056
Surplus before Surplus projects before Surplus and projects capital before and projects capital and capital
expenditure expenditure expenditure 410,167,989 410,167,989 249,584,854 410,167,989 249,584,854 249,584,854
Projects income Projects and income expenses Projects and income expenses and expenses 3
3 3
Total projects Total income projects Total income projects income 222,423,506 222,423,506 199,880,284 222,423,506 199,880,284 199,880,284
Total projects Total expenses projects Total expenses projects expenses 3.1 (177,971,000) 3.1 (177,971,000) 3.1 (207,506,851) (177,971,000) (207,506,851) (207,506,851)
Projects Net Projects income Net Projects income Net income 44,452,506 44,452,506 (7,626,567) 44,452,506 (7,626,567) (7,626,567)
Special Outreach Special activities Outreach Special Outreach activities activities4
4 4
Total special Total outreach special activities Total outreach special income activities outreach income activities income 56,576,674 56,576,674 49,868,118 56,576,674 49,868,118 49,868,118
Total special Total outreach special activities Total outreach special expenses activities outreach expenses activities 4.1 expenses (83,952,469) 4.1 (83,952,469) 4.1 (92,144,885) (83,952,469) (92,144,885) (92,144,885)
Special outreach Special activities outreach Special net activities outreach income activities net income net income (27,375,795) (27,375,795) (42,276,767) (27,375,795) (42,276,767) (42,276,767)
Moving The Ark Moving & Together The Moving Ark we & can The Together do Ark More & we Together can do we More 5 can do More 5 5
MTA and TWM MTA Income and TWM MTA and Income TWM Income 50,453,825 50,453,825 96,051,901 50,453,825 96,051,901 96,051,901
Expenses Expenses Expenses (4,385,826) (4,385,826) (1,707,269) (4,385,826) (1,707,269) (1,707,269)
Construction Construction WIP-Parklands Construction WIP-Parklands & Ngong WIP-Parklands Sanctuaries & Ngong Sanctuaries & Ngong (81,184,662) Sanctuaries (81,184,662) (60,250,483) (81,184,662) (60,250,483) (60,250,483)
MTA and TWM MTA net and (deficit)/surplus TWM MTA and net (deficit)/surplus TWM net (deficit)/surplus(35,116,663)(35,116,663) 34,094,149 (35,116,663) 34,094,149 34,094,149
Surplus before Surplus capital before Surplus expenditure capital before expenditure capital expenditure 392,128,037 392,128,037 233,775,669 392,128,037 233,775,669 233,775,669
Capital expenditure Capital expenditure Capital expenditure
Land and buildings Land and buildings Land and buildings 2,000,000 2,000,000 5,130,107 2,000,000 5,130,107 5,130,107
Prepaid operating Prepaid lease operating Prepaid rentalslease operating rentals lease rentals 11,602,513 11,602,513 14,008,843 11,602,513 14,008,843 14,008,843
Motor vehicles Motor vehicles Motor vehicles 11,150,000 11,150,000 11,210,200 11,150,000 11,210,200 11,210,200
Construction Construction WIP Construction WIP WIP 54,769,900 54,769,900 86,165,801 54,769,900 86,165,801 86,165,801
Furniture and Furniture equipment and Furniture equipment and equipment 35,735,118 35,735,118 46,433,242 35,735,118 46,433,242 46,433,242
Tents Tents Tents 1,861,964 1,861,964 12,881,524 1,861,964 12,881,524 12,881,524
Computers Computers Computers 3,887,817 3,887,817 4,749,991 3,887,817 4,749,991 4,749,991
Computer software/LAN Computer Computer software/LAN software/LAN 5,771,489 5,771,489 13,423,826 5,771,489 13,423,826 13,423,826
126,778,801 126,778,801 194,003,534 126,778,801 194,003,534 194,003,534
Surplus for the Surplus year after for Surplus the CAPEX year for after the year CAPEX after CAPEX265,349,236 265,349,236 39,772,135 265,349,236 39,772,135 39,772,135
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CITAM Annual Report and Financial Statements | 2015