Assets
Bank account(s):
  First National Bank of North Carolina                  $200

Equipment and Inventory:
  (2) Multi-Track Audio Cassette recorders            $600
  (80) French & English Christian Bibles                  $100
  (4) Microphones; (2) Headphones;
  (1) Music stand; (1) microphone stand                  $300

                                                        Total Assets $1200

Liabilities
Broadcasting fees incurred and owed to WCHP &
KCNW at the end of 2002:
                                                                WCHP $1613
                                                                KCNW $1800

                                                    Total Liability $3413

Receipts
Gifts received with the issuance of receipt
(all gifts received between 22MAY to 31DEC02
were subject to receive an official receipt due to
an advance ruling by the CCRA in December 2002
starting May 22, 2002.)                                          $2186

Gifts received with out the issuance of receipt          $2503