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|---|---|---|---|---|---|
|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|
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|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||||
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|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|
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|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|
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|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|
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|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|
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|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|
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||Fees payable||to the independent|||examiner|for:|||||
||Independent||examination||ofthe financial||statements|||4,200|4,200|
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|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|
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|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|
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|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|
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