| Unrestricted | Unrestncted | |||
|---|---|---|---|---|
| funds | funds | |||
| 2023 | 2022 | |||
| 6 | 5 | |||
| Incoming resources |
183,915 | 205,914 | ||
| Direct charitable | expenditure | (68,676) | (54,040) | |
| Gross proflt | 125,240 | 151,874 | ||
| Fundraising and |
publicity | |||
| Governance costs |
(95,107) | (119,290) | ||
| Other operating | income | 28,980 | ||
| Operating profit |
69,113 | 32,584 | ||
| Interest receivable | ||||
| Profit on ordinary activities before taxation |
69,113 | 32,587 | ||
| Tax on profit on | ordinary | activities | ||
| Profit for the financial year | 59,113 | 32,587 |
| as at 31 March | 20 | 23 | |||||
|---|---|---|---|---|---|---|---|
| Notes | 2023 | 2022 | |||||
| f | |||||||
| Fixed assets | |||||||
| Tangible assets | 635,246 | 634,784 | |||||
| 635,246 | 634,784 | ||||||
| Current assets | |||||||
| Debtors | |||||||
| Cash at bank and | in | hand | 53,506 | 28,307 | |||
| 53,506 | 28,307 | ||||||
| Creditors: amounts | falling due | ||||||
| within one year | 5 | (960) | (5,804) | ||||
| Net current assets | 52,546 | 22,503 | |||||
| Total assets less | current | ||||||
| liabilities | 687,792 | 657,287 | |||||
| Creditors: amounts | falling due | ||||||
| after more than one | year | (111,492) | (159,676) | ||||
| Net assets | 576,300 | 497,611 | |||||
| Capital and reserves | |||||||
| Reserves | 576,300 | 497,611 | |||||
| 576,300 | 497,611 |
| 3 | Tangible fixed asse | ts | ||||
|---|---|---|---|---|---|---|
| Equipment Furniture |
||||||
| Land and | and | Motor | ||||
| buildingsf | 8 | vehicles 6 |
Total 8 |
|||
| Cost | ||||||
| At 1 April 2022 | 611,540 | 110,814 | 12,747 | 735,101 | ||
| Additions | 6,389 | 6,389 | ||||
| At 31 March 2023 | 611,540 | 117,203 | 12,747 | 129,950 | ||
| Depreciation | ||||||
| At 1 April 2022 | 87,645 | 12,672 | 100,317 | |||
| Charge for the year | 5,912 | 15 | 5,927 | |||
| At 31 March 2023 | 93,557 | 12,687 | 106,244 | |||
| Net book value | ||||||
| At 31 March 2023 | 611,646 | 23 646 | 60 | 635,246 | ||
| At 31 March 2022 | 611,540 | 23,169 | 75 | 634,784 | ||
| 4 | Debtors | 2023 | 2022 | |||
| Gift aid tax recoverable | ||||||
| 5 | Creditors: amounts | falling due | within one year | 2023 8 |
2022f | |
| Trade creditors | 960 | 960 | ||||
| Other creditors | 4,844 | |||||
| 960 | 5,804 | |||||
| 6 | Creditors: amounts | falling due | after one year | 2023 | 2022 | |
| F | ||||||
| Bank loans | 111,492 | 150,236 | ||||
| Other creditors | 9,440 | |||||
| 111,492 | 159,676 | |||||
| 7 | Reserves | |||||
| Profit and loss account | 59,113 | 32,587 | ||||
| Pnor year adjustment | ||||||
| As restated | 59,113 | 32,587 |
| 2023 | 2022 | ||
|---|---|---|---|
| E | E | ||
| Incoming resources |
183,915 | 205,914 | |
| Direct chantable expenditure |
(58,675) | (54,040) | |
| Gross Incoming resources |
125,240 | 151,874 | |
| Fundraising and publicity |
|||
| Governance costs |
(95,107) | (119,290) | |
| Other operating income |
28,980 | ||
| Net surplus | 59,113 | 32,584 | |
| 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 | 59,113 | 32,587 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| 6 | ||||||
| Incoming resources |
||||||
| Thites, offerings and gift aid |
reclaim | 183,915 | 205,914 | |||
| 183,915 | 205,914 | |||||
| Direct charitable expenditure |
||||||
| Gifts, honouranum and |
other welfare | costs | 13,733 | 10,460 | ||
| Tapes, books and IT |
432 | 250 | ||||
| Conventions and programmes |
9,590 | 11,181 | ||||
| Missions and community engagement |
21,051 | 22,378 | ||||
| Training and volunteer |
expenses | 79 | 50 | |||
| Hospitality | 6,774 | 5,516 | ||||
| Transport and travel costs |
6,830 | 3,958 | ||||
| Health, safety and PPE | 186 | 247 | ||||
| 58,675 | 54,040 | |||||
| Premises costs | ||||||
| Mortgage interest and assoaated |
costs | 10,871 | 28,438 | |||
| Utilities | 7,032 | 7,090 | ||||
| Repairs and maintenance | 7,473 | 10,375 | ||||
| Cleaning, hygiene and waste disposal |
4,358 | 3,940 | ||||
| 29,734 | 49,843 | |||||
| Governance costs |
||||||
| Telephone and website costs |
1,496 | 1,855 | ||||
| Printing, postage and office supplies |
3,846 | 2,998 | ||||
| Subscriptions | 1,172 | 971 | ||||
| Payroll and pension | costs | 45,800 | 50,153 | |||
| Bank charges | 1,972 | 1,331 | ||||
| Insurance | 2,211 | 1,868 | ||||
| Accountancy and other professional |
fees | 980 | 980 | |||
| Advertising and PR |
565 | 2,980 | ||||
| Depreciation | 5,927 | 5,811 | ||||
| Agents and consultation | fees | 500 | ||||
| 63,969 | 69,447 | |||||
| 95,107 | 119,290 |
| Power | House international | House international | Ministries | Ministries | Ministries | (Essex) | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Corporation tax computation |
|||||||||||
| Tax reference | |||||||||||
| Period | beginning | 1/04/22 | |||||||||
| Period | ending | 31/03/23 | |||||||||
| Accounts period beginning |
1/04/22 | ||||||||||
| Accounts period ending |
31/03/23 | ||||||||||
| Adjustment oftrading |
profits | f | |||||||||
| Profit before tax per the | accounts | 59,113 | |||||||||
| Add back disallowable expenses |
|||||||||||
| Entertainment | |||||||||||
| Legal &professional | fees | ||||||||||
| Parking fines |
|||||||||||
| Donations | |||||||||||
| Depreciation | and | (profit)/loss | on sale ofassets | 5,927 | |||||||
| Other | |||||||||||
| Capital | allowances | ||||||||||
| Add back dividends payable |
on | non-equity | shares included | in interest | payable | ||||||
| Deduct | non-trading income |
||||||||||
| Interest receivable | |||||||||||
| Property income |
|||||||||||
| Loss on revaluation | of investments | ||||||||||
| Other income | not | taxable | |||||||||
| Other adjustments | |||||||||||
| Finance lease adjustments | |||||||||||
| Leased cars | |||||||||||
| Other operating | lease adjustments | ||||||||||
| Adjusted | trading profit |
65,040 | |||||||||
| Taxable | profits | ||||||||||
| Trading | profit | 65,040 | |||||||||
| Losses | utilised | ||||||||||
| 65,040 | |||||||||||
| Interest | receivable | ||||||||||
| Rental income | |||||||||||
| Net chargeable gains |
|||||||||||
| Less. qualifying donations |
to | UK chanties | |||||||||
| 65,040 | |||||||||||
| Charity | relief | ~065,040 | |||||||||
| Taxable | profit | ||||||||||
| Days in | accounting period |
falling | In each tax year | ||||||||
| Days falling | |||||||||||
| Tax year | in tax year | Days in year | |||||||||
| 2021 | |||||||||||
| 2022 | 365 | ||||||||||
| 365 | 365 | ||||||||||
| Corporation tax payable |
|||||||||||
| Taxable | |||||||||||
| Tax year | profit | Tax rate | Corp Tax | ||||||||
| 2021 | 19% | ||||||||||
| 2022 | 19% |
| Power House International | Ministries (Essex) |
Ministries (Essex) |
Ministries (Essex) |
Ministries (Essex) |
Capital allowances | |
|---|---|---|---|---|---|---|
| Tax reference | ||||||
| Period beginning | 1/04/22 | |||||
| Period ending | 31/03/23 | |||||
| Summary | ||||||
| General pool |
||||||
| Spemal rate pool | ||||||
| Short term asset pools | ||||||
| Total capital allowances | ||||||
| General Pool | ||||||
| Written down value brought |
forward | |||||
| Disposal receipts | ||||||
| Balanmng allowance |
||||||
| Balanmng charge |
||||||
| Expenditure quahfying for wnting |
down allowance | |||||
| Relevant first year expenditure |
||||||
| Other expenditure quahfying |
for | first year allowance | ||||
| Expenditure quahfying for annual |
investment | allowance | ||||
| FYA in respect of relevant FYA expenditure |
||||||
| f1000 or less. wnte off | ||||||
| Annual investment allowance |
||||||
| Writing down allowance |
||||||
| Wntten down value cerned |
forward | |||||
| Special rate pool | ||||||
| Wntten down value brought |
forward | |||||
| Disposal receipts | ||||||
| Balanang allowance |
||||||
| Balanang charge |
||||||
| Tiiermal installation expenditure |
||||||
| Integral feature expenditure |
||||||
| Expenditure on a car that is |
not | a | main rate | car | ||
| Expenditure on cushion gas |
||||||
| Expenditure quahfying for annual |
mvestment | allowance | ||||
| Annual investment allowance |
||||||
| Wnting down allowance |
||||||
| Wntten down value cerned |
forward | |||||
| Total ofshort life asset pools | ||||||
| Number of single asset pools |
||||||
| Wntten down value brought |
forward | |||||
| Disposal receipts | ||||||
| Balancing allowances |
||||||
| Balancing charges | ||||||
| Expenditure qualifying for wntten |
down allowance | |||||
| Relevant first year expenditure |
||||||
| Other expenditure quahfying |
for | first year allowance | ||||
| Expenditure quahfymg for annual |
investment | allowance | ||||
| FYA in respect of relevant FYA expenditure |
||||||
| Other FYA | ||||||
| Annual investment allowances |
||||||
| Wnting down allowances |