| Page | |||||
|---|---|---|---|---|---|
| Trustees' annual report (incorporating the |
director's | report) | |||
| Independent examiner's report |
to the trustees | ||||
| Statement offinancial activities |
(including | income and expenditure | account) | ||
| Statement offinancial position |
|||||
| Notes to the financial statements | |||||
| The following pages do not form part of |
the financial statements | ||||
| Detailed statement offinancial |
activities | 18 | |||
| Notes to the detailed statement | offinancial | activities | 19 |
| Registered | charity name | charity name | PRAISE CHAPEL | PRAISE CHAPEL | |||
|---|---|---|---|---|---|---|---|
| Charity registration | number | 1054449 | |||||
| Company | registration | number | 02909145 | ||||
| Principal | office and registered | Mill House | |||||
| office | Columbia Avenue |
||||||
| Edgware | |||||||
| Middlesex | |||||||
| HA8 5DQ | |||||||
| The trustees | |||||||
| EA Amartey | |||||||
| C Okotie | (Resigned 15September 2021) | ||||||
| FKAdjei | |||||||
| EA Samson | (Resigned 15September 2021) | ||||||
| Company | secretary | Kofi Konadu | Banful | ||||
| Independent | examiner | Harry Koranteng | FCCA, ACMA | ||||
| 6 Greenwich | Quay | ||||||
| Clarence Road | |||||||
| London | |||||||
| SE83EY |
| Year ended 31 | March 202 | 2 | |||||
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||
| Unrestricted | Restricted | ||||||
| funds | funds | Total funds | Total funds | ||||
| Note | R | R | R | R | |||
| Income and endowments | |||||||
| Donations and legacies |
5 | 460,252 | 460,252 | 421,531 | |||
| Investment income |
6 | 10 | 10 | 22 | |||
| Total income | 460,262 | 460,262 | 421,553 | ||||
| Expenditure | |||||||
| Charitable Activities |
7,8 | 392,044 | 392,044 | 347,434 | |||
| Total expenditure | 392,044 | 392,044 | 347,434 | ||||
| Net income and net movement | in | ||||||
| funds | 68,218 | 68,218 | 74,119 | ||||
| Reconciliation offunds |
|||||||
| Total funds brought | forward | 160,755 | 129,037 | 289,792 | 215,673 | ||
| Total funds carried forward | 228,973 | 129,037 | 358,010 | 289,792 |
| 31March 2022 | ||||
|---|---|---|---|---|
| 2022 | 2021 | |||
| Note | R | |||
| Fixed assets | ||||
| Tangible fixed assets |
13 | 32,667 | 40,833 | |
| Current assets | ||||
| Debtors | 14 | 114,176 | 67,140 | |
| Cash at bank and in hand | 241,133 | 200,472 | ||
| 355,309 | 267,612 | |||
| Creditors: amounts | falling due within one year | 15 | 29,966 | 18,653 |
| Net current assets | 325,343 | 248,959 | ||
| Total assets less current liabilities | 358,010 | 289,792 | ||
| Net assets | 358,010 | 289,792 | ||
| Funds ofthe charity | ||||
| Restricted funds | 129,037 | 129,037 | ||
| Unrestricted funds |
228,973 | 160,755 | ||
| Total charity funds | 17 | 358,010 | 289,792 |
| value, over the useful econom | ic life ofthat asset as | follows: |
|---|---|---|
| Plant and machinery | 20% reducing | balance |
| Fixtures and fittings | 20% reducing | balance |
| Motor vehicles | 20% reducing | balance |
| Ye | ar ended | ar ended | 31March 2022 | 31March 2022 | ||||
|---|---|---|---|---|---|---|---|---|
| 5. | Donations | and legacies | ||||||
| Unrestricted | Restricted | Total Funds | ||||||
| Funds | Funds | 2022 | ||||||
| R | ||||||||
| Donations | ||||||||
| Tithes and | offerings | 362,372 | 362,372 | |||||
| GAYE | ||||||||
| Charity | gift | aid | 97,880 | 97,880 | ||||
| Building | fund | |||||||
| Special | events | |||||||
| Family development | centre | |||||||
| 460,252 | 460,252 | |||||||
| Unrestricted | Restricted | Total Funds | ||||||
| Funds | Funds | 2021 | ||||||
| R | R | R | ||||||
| Donations | ||||||||
| Tithes and | offerings | 339,601 | 339,601 | |||||
| GAYE | 3,820 | 3,820 | ||||||
| Charity | gift | aid | 60,788 | 60,788 | ||||
| Building | fund | 1,000 | 1,000 | |||||
| Special | events | 180 | 180 | |||||
| Family development | centre | 16,142 | 16,142 | |||||
| 420,531 | 1,000 | 421,531 | ||||||
| 6. | Investment | income | ||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||||
| Funds | 2022 | Funds | 2021 | |||||
| R | ||||||||
| Bank interest receivable | 10 | 10 | 22 | 22 | ||||
| 7. | Charitable | activities | ||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||||
| Funds | 2022 | Funds | 2021 | |||||
| R | R | R | ||||||
| Charitable | Activities | 358,881 | 358,881 | 297,961 | 297,961 | |||
| Honorarium, | Musical, | Mission and | ||||||
| Publicity | 28,964 | 28,964 | 28,473 | 28,473 | ||||
| Support | costs | 4,199 | 4,199 | 21,000 | 21,000 | |||
| 392,044 | 392,044 | 347,434 | 347,434 |
| 8. | Expenditure | on charita | bl | e activ |
ities by | activity type | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Activities | |||||||||||
| undertaken | Total funds | Total fund | |||||||||
| directly Support cost | s | 2022 | 2021 | ||||||||
| R | R | R | |||||||||
| Charitable | Activities | 358,881 | 358,881 | 297,961 | |||||||
| Honorarium, | Musical, Mission and | ||||||||||
| Publicity | 28,964 | 28,964 | 28,473 | ||||||||
| Governance | costs | 4,199 | 4,199 | 21,000 | |||||||
| 387,845 | 4,199 | 392,044 | 347,434 | ||||||||
| 9. | Net income | ||||||||||
| Net income | is stated after | charging/(crediting): | |||||||||
| 2022 | 2021 | ||||||||||
| R | R | ||||||||||
| Depreciation | oftangible | fixed assets | 8,166 | 10,209 | |||||||
| 10. | Independent | examination | fees | ||||||||
| 2022 | 2021 | ||||||||||
| R | |||||||||||
| Fees payable | to the independent | examiner | for: | ||||||||
| Independent | examination | ofthe financial | statements | 4,200 | 4,200 |
| full-time eq |
uivalent emplo |
yees during the year |
is analysed as follows: | |
|---|---|---|---|---|
| 2022 | 2021 | |||
| No. | No. | |||
| Direct staff | ||||
| The number | ofemployees | whose remuneration | for the year fell within the following bands, were: | |
| 2022 | 2021 | |||
| No. | No. | |||
| 660,000 to | R69,999 | 1 |
| Tangible fmed assets |
|||||
|---|---|---|---|---|---|
| Plant and | Fixtures and | Motor | |||
| machinery | fittings | vehicles | Total | ||
| R | R | ||||
| Cos't | |||||
| At 1April 2021 and | 31March 2022 | 151,962 | 95,053 | 27,236 | 274,251 |
| Depreciation | |||||
| At 1 April 2021 | 144,760 | 70,634 | 18,024 | 233,418 | |
| Charge for the year | 1,440 | 4,884 | 1,842 | 8,166 | |
| At 31March 2022 | 146,200 | 75,518 | 19,866 | 241,584 | |
| Carrying amount At 31March 2022 |
5,762 | 19,535 | 7,370 | 32,667 | |
| At 31 March 2021 | 7,202 | 24,419 | 9,212 | 40,833 | |
| Debtors | |||||
| 2022 | 2021 | ||||
| R | R | ||||
| Prepayments and accrued income |
79,609 | 32,573 | |||
| Other debtors | 34,567 | 34,567 | |||
| 114,176 | 67,140 | ||||
| Creditors: amounts | falling due within | one year | |||
| 2022 | 2021 | ||||
| R | R | ||||
| Bank loans and overdrafts | 6,305 | 292 | |||
| Trade creditors | 4,004 | 1,743 | |||
| Accruals and deferred | income | 8,400 | 8,400 | ||
| Social security and other taxes | 10,636 | 7,599 | |||
| Other creditors | 621 | 619 | |||
| 29,966 | 18,653 |
| Analysis ofcha | Analysis ofcha | ritable funds |
ritable funds |
|||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | funds | |||||||
| 1 Apr 2021 | Income | Expenditure | 31Mar 2022 | |||||
| R | R | R | R | |||||
| General funds | 160,755 | 460,262 | (392,044) | 228,973 | ||||
| 1 Apr 2020 | Income | Expenditure. | 31 Mar 2021 | |||||
| R | ||||||||
| General funds | 87,636 | 420,553 | (347,434) | 160,755 | ||||
| Restricted funds |
||||||||
| 1 Apr 2021 | Income | Expenditure | 31Mar 2022 | |||||
| R | ||||||||
| Restricted Fund | 1 | 129,037 | 129,037 | |||||
| 1 Apr 2020 | Income | Expenditure | 31 Mar 2021 | |||||
| R | R | R | ||||||
| Restricted Fund | 1 | 128,037 | 1,000 | 129,037 | ||||
| Analysis | ofnet | assets between | funds | |||||
| Unrestricted | Restricted | Total Funds | ||||||
| Funds | Funds | 2022 | ||||||
| R | ||||||||
| Tangible | fixed assets | 32,667 | 32,667 | |||||
| Current assets | 226,272 | 129,037 | 355,309 | |||||
| Creditors | less than | 1 year | (29,966) | (29,966) | ||||
| Net assets | 228,973 | 129,037 | 358,010 | |||||
| Unrestricted | Restricted | Total Funds | ||||||
| Funds | Funds | 2021 | ||||||
| R | R | R | ||||||
| Tangible | fixed assets | 40,833 | 40,833 | |||||
| Current assets | 119,922 | 129,037 | 248,959 | |||||
| Creditors | less than | 1 year | ||||||
| Net assets | 160,755 | 129,037 | 289,792 |