Accounts 2001

AGAPE MOVEMENT

CONSOLIDATED STATEMENT OF FINANCIAL POSITION

As of December 31, 2001

	ASSETS
	Cash and Cash Equivalents	344.05

	TOTAL ASSETS	344.05

	LIABILITIES & NET ASSETS

	LIABILITIES	0.00

	NET ASSETS
	Unrestricted
	For projects and administration	344.05
	Total Net Assets	344.05

	TOTAL LIABILITIES & NET ASSETS	344.05

AGAPE MOVEMENT

CONSOLIDATED STATEMENT OF ACTIVITIES

For the year ended December 31, 2001

		Unrestricted
	REVENUES & GAINS
	Individual Donations	3,682.00

	TOTAL REVENUES & GAINS	3,682.00

	EXPENSES
	Program Activities:
	Charity	30.00
	Church Construction & Repair	212.77
	Education Aid	282.50
	House Construction & Repair	323.78
	Income Generation Program	1,166.00
	Medical Aid	313.67
	Religious Education	430.16
	Religious Materials	45.00
	Social Work Promotion	426.00
	Total Program Activities	3,229.88

	Supporting Services:
	Management	108.07

	TOTAL EXPENSES	3,337.95

	NET ASSETS, BEGINNING OF YEAR	0.00

	NET ASSETS, END OF THE YEAR	344.05

AGAPE MOVEMENT

CONSOLIDATED STATEMENT OF CASH FLOWS

For the year ended December 31, 2001

		2001
	CASH FLOWS FROM OPERATING ACTIVITIES
	Change in net assets	0.00

	Net increase (decrease) in cash and cash equivalents	344.05

	Cash and cash equivalents, beginning of the year	0.00

	Cash and cash equivalents, end of the year	344.05

AGAPE MOVEMENT

Notes to Consolidated Financial Statements

December 31, 2001

1. Organization

Agape Movement started its operation from January 10, 2001. It became a nonprofit charitable corporation in California on July 13, 2001. Agape Movement has received its Employer Identification Number (EIN) on October 10, 2001. The mission of the organization is to support the less fortunate in the United States and in the state of Kerala in India through social service and pastoral programs designed for their self-development and to cooperate with individuals and organizations that uphold the same goal.

2. Sources of Receipts

The receipts for the year 2001 were only from individual contributions of $ 3,682.

3. Programs and Implementation

Agape Movement implemented its social service and pastoral programs in Kerala State in India through non-profit societies registered in India, except aid of $30 in the US. Distribution of funds through these organizations is as follows:

NAME OF ORGANIZATION	AMOUNT
Chaithanya Pastoral Center, Thellakom, Kottayam	687.93
Kottayam Social Service Society, Thellakom, Kottayam	2,405.55
Malabar Social Service Society, Kannur	106.40
TOTAL	3,199.88

Chaithanya is the Pastoral Center of the Catholic Diocese of Kottayam that implements and coordinates social and pastoral activities of the diocese in South Kerala. Kottayam Social Service Society (KSSS) and Malabar Social Service Society (MASSS) are registered non-profit charitable societies in India sponsored by the Catholic Diocese of Kottayam to implement and coordinate social service activities all over Kerala State. The operation area of KSSS is South Kerala and that of MASSS is North Kerala. Both are implementing programs for self-development of the people and select beneficiaries through their well-organized self-help group of people. Chaithanya, KSSS, and MASSS serve people of all faith. They have good accounting and auditing system and have permission to receive foreign contribution according to the Foreign Contribution Regulation Act in India.

3. Accounting Policies

Basis of Accounting: Agape Movement prepares its financial statements in accordance with generally accepted accounting principles.

Cash and Cash Equivalents: Cash and cash equivalents are defined as currency on hand and deposit in checking account.

Net Assets: Since the organization is in its initial stage, it has no investment, inventory, or fixed assets. The current net assets are unrestricted.

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