2022-03-31-accounts - Power House International Ministries (Essex)

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		Unrestricted	Unrestncted
		funds	funds
		2022	2021
		6	6
Incoming resources		206,914	180,585
Direct chantable expenditure		(64,040)	(21,630)
Gross profit		161,874	158,955
Fundraising and publicity			(3,428)
Governance costs		(146,949)	(100,637)
Other operating income
Operating profit		4,926	54,890
Interest recewable
Interest payable
Profit on ordinary activities before taxation		4,928	54,890
Tax on prost on ordinary	actnities
Profit for the financial year		4,928	54,890

		2022	2021
			6
Incoming resources		205,914	180,585
Direct charitable expenditure		(54,040)	(21,630)
Gross incoming resources		151,874	158,955
Fundraising and pubhcity			(3,428)
Governance costs		(146,949)	(100,637)
Other operating mcome
Itet surplus		4,925	54,890
Gain on the disposal oftangible	fixed assets
Gain on the disposal of investments
Gain on revaluation of investments
Income from investments
Interest receivable
Interest payable
Surplus for the year		4,928	54,890

			2022	2021f
Incoming resources
Thites, offerings and gift aid reclaim			205,914	180,585
				180,585
Direct chantable expenditure
Gifts, donations and other welfare costs			10,460	11,780
Tapes, books and IT			250	324
Conventions and programmes			11,181	154
Missions and community engagement			22,378	4,938
Music mimstry
Children's mmistry
Youth ministry
Training and volunteer expenses			50	1,640
Honorarium
Hospitahty			5,516	1,326
Transport and travel costs			3,958	820
			54,040	21,630
Fundralslng and publicity
Fundraising and pubhcrty costs				3,428
				3,428
Premises costs
Mortgage interest and associated costs			56,097	14,546
Repairs and maintenance			10,375	12,148
Cleaning, hygiene and waste disposal			3,940	3,789
Utilities
			77,502	30,483
Governance costs
Telephone and website costs			1,855	1,467
Pnnting, postage and other administrative		expenses	2,998	393
Subscnptions			971	1,205
Payroll and pension costs			50,153	52,047
Bank charges			1,331	1,637
Insurance			1,868	2,193
Accountancy and other professional	fees		980	1,820
Depreoation			5,811	5,650
Agents and consultation fees			500	3,742
Sundry expenses
			69,447	70,154
			146,949	100,637

Power	House International	House International	House International	House International		Ministries	Ministries	Ministries	(Essex)	(Essex)
Corporation tax computation
Tax reference
Period	beginning												1/04/21
Period	ending												31/03/22
Accounts period beginning													1/04/21
Accounts period ending													31/03/22
Adjustment oftrading			profits										E
Profit before tax per the			accounts										4,928
Add back disallowable expenses
	Entertainment
	Legal &	professional					fees
	Parking	fines
	Donations
	Depremation		and			(profit)/loss			on	sale ofassets			5,811
	Other
Capital	allowances
Add back diwdends		payable				on	non-equity			shares included	in interest payable
Deduct	non-trading	income
	Interest	receivable											(3)
	Properly	income
	Loss on	revaluation					of investments
	Other income			not		taxable
Other adlustments
	Finance	lease		adlustments
	Leased	cars
	Other operating				lease adiustments
Ad)usted	trading profit
Taxable	profits
Trading	profit											10,736
Losses	utilised
													10,736
Interest	receivable												3
Rental income
Net chargeable gains
Less quafifying donations				to		LK chsnties
													10,739
Chanty	refief												(10,739)
Taxable	profit
Days in	accounting	period			falling			In each		tax year
												Days falling
Tax year												In tax year	Days In year
2020
2021												365
												365	365
Corporation tax payable
											Taxable
Tax year											profit	Tax rate	Corp Tax
2020												19%
2021												19o/

Power House International	Power House International	Mini	Mini	Capital	allowances
Tax reference
Period beginning						1/04/21
Period ending						31/03/22
Summary
General pool
Speaal rate pool
Short term asset pools
Total capital a/lowances
General Pool
Wnffen down value brought		forward
Disposat receipts
Balanmng allowance
Balancing charge
Expenditure qua/i/tang for wnting			down allowance
Relevant first year expenditure
Other expenditure qualifying		for first year allowance
Expenditure qua/rfyrng for annual				investment	allowance
FYA in respect of relevant	FYA expenditure
F1000or less: wnte off
Annual investment allowance
Wnting down allowance
Wntten down value cerned		forward
Special rate pool
Wntten down value brought		forward
Disposal receipts
Balancing allowance
Balanmng charge
Thermal insta/lation expenditure
integral feature expenditure
Expenditure on a car that is		not a		main rate	car
Expenditure on cushion gas
Expenditure qua/ilying for annual			investment		allowance
Annual investment allowance
Writing down allowance
Wrdten down value carried	forward
Total ofshort life asset pools
Number of single asset pools
Wntten down value brought		forward
Disposal receipts
Balancing a//owances
Ba/ancrng charges
Expenditure quaidylng for written			down allowance
Relevant first year expenditure
Other expenditure qua/dying		for ffrst year allowance
Expenditure qua//tying for annual			investment		allowance
FYA in respect of relevant	FYA expenditure
Other FYA
Annual investment a/lowances
Wnting down allowances
Wntten down value cerned	forward