COVENANT PLAYERS (UK) TRUST — ANNUAL REPORT 2023
## COVENANT PLAYERS (UK) TRUST Annual Report 2023
“This is the word of the Lord to Zerubbabel: ‘ Not by might nor by power, but by my Spirit,’ says the Lord Almighty.” Zechariah 4:6 (NIV)
Registered Charity No. 1059359
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COVENANT PLAYERS (UK) TRUST — ANNUAL REPORT 2023
Since 1963...
## Covenant Players
...drama that touches the heart, the mind and the soul.
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COVENANT PLAYERS (UK) TRUST — ANNUAL REPORT 2023
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COVENANT PLAYERS (UK) TRUST — ANNUAL REPORT 2023
## **C ovenant Players is a professional theatre company, fielding touring troupes throughout the world which perform original theme-based plays in service to the leadership of churches, schools, social service agencies, community and government organisations.**
Covenant Players …
- ¨ seeks to challenge people to a deeper walk in faith and action
- ¨ is a full-time touring ministry
- ¨ has served in 78 countries
- ¨ has performed in 29 languages
- ¨ has given over 2,000,000 performances world-wide.
## Governing Document: **Deed of Trust dated 30th October 1996**
Covenant Players is registered with the Charity Commission of England and Wales as a charity set up for the advancement of the Christian Religion and the advancement of Education.
The objects of the Trust are:
- to advance the Christian faith, particularly through the production and performance of drama and other media to promote Christian teachings, principles, values and mores in the United Kingdom and elsewhere as the Trustees may from time to time think fit.
- to advance education of the public, particularly in the area of religious beliefs and mores in the United Kingdom and elsewhere as the Trustees may from time to time think fit.
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COVENANT PLAYERS (UK) TRUST — ANNUAL REPORT 2023
## MISSION STATEMENT
**C** ovenant Players exists to communicate the Lord Jesus Christ through the medium of drama.
To that end we commit ourselves to:
- ¨ Go where the people are.
- ¨ Serve the leadership of the church and the community.
- ¨ Live a life worthy of our call.
- ¨ Love each other and those we serve.
In Covenant with God and one another, we dedicate ourselves to this task.
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COVENANT PLAYERS (UK) TRUST — ANNUAL REPORT 2023
## National Directors’ Report
“…for I have always been mindful of your unfailing love and have lived in reliance on your faithfulness .” Psalm 26:3 (NIV)
am writing to you at the end of a very full and challenging year. I am deeply I grateful to International Director **Bobbi Johnson-Tanner** and the other trustees for all of their support. Most especially, I am grateful to God for His wisdom, grace and unfailing love which has sustained us and upheld us throughout. W e were faced with several significant logistical complications this year. Many organisations were only starting to return to running a regular programme post-COVID, even so, some were still hesitant to plan events and have guests.
_Classes, devotions and celebrations on Zoom!_
L ike many other banks, our bank, with whom we have held accounts for 40+ years, decided that as a Charitable Trust we needed to change the type of bank accounts we had. This is a growing trend in banking which is making it increasingly difficult for charities to function.
T he entire process took over 18 months and included the bank closing our main development account—through which we received all our donations and support—without notice. We spent 6-months without a properly functioning bank account and I am grateful to all our donors who were so gracious and faithful in their
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COVENANT PLAYERS (UK) TRUST — ANNUAL REPORT 2023
## ...drama that touches the heart, the mind and the soul.
## support through this time.
e also had responsibility for the selling of Covenant W Players home and office in **Stahlhofen am Wiesensee** , near Westerburg in Germany. We made many trips backwards and forwards to Germany; joining in with performances, teaching classes and holding training sessions—whilst all the while clearing the house and preparing it for its eventual sale. These were wonderful times of fellowship and celebration as well as being deeply poignant and filled with wonderful memories. Again, the Lord was faithful in carrying us through as we waited upon His leading and answered prayer.
**----- Start of picture text -----**
Captain Tom Moore
**----- End of picture text -----**
n the midst of all this, we I continued to have exciting opportunities to share the wonderful plays of **Charles M. Tanner** with audiences old and new.
_STATIONS © Charles M. Tanner_
G ood Friday saw us out on the streets of **Newport, South Wales** , where we had the opportunity to perform _**STATIONS** for the third time._ This is Chuck’s series of deeply moving plays, based upon the Stations of the Cross.
_Masked up and ready to go!_
e were blessed to be part of the W **IYE Festival** , again, hosted by the **7 Corners Youth** organisation in Abergavenny, Wales.
hen, right before Christmas, T we drove across to East Anglia, where we had the pleasure of performing for a friend and pastor whom we had not seen in 16 years. He welcomed us with open arms and what a joy it was to share one of Chuck’s beautiful Christmas plays, _**CHRISTMAS EVE** at his various churches.._
_The former CP house in Stahlhofen am Wiesensee, Germany._
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COVENANT PLAYERS (UK) TRUST — ANNUAL REPORT 2023
In a visual and media oriented world ...
## National Directors’ Report
Covenant Players
... is taking dynamic communication to: churches, schools,
conferences, youth organisations, adult education and
training centres, centres for the disabled, drug and alcohol awareness programmes, prisons, young offenders' centres, travellers' workshops, military bases, the business community, homeless day centres, hospitals, nursing and retirement homes... wherever people gather.
A **gain, we thank you for holding trust with us throughout this year, for all the ways that you have supported us through your prayers, words of encouragement and for your generous and unstinting financial support.**
**Thanks also to Ken Bailey, who has graciously served as our Independent Examiner, once again.**
Deborah Allen Thank
Thank you!
National Director & European Supervisor
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COVENANT PLAYERS (UK) TRUST — ANNUAL REPORT 2023
## Financial Report
## **Financial Summary for the year ending 31 December 2023**
|**Income**|**2023**|**2022**|
|---|---|---|
|
Donations|
14,799.50|6,071.32|
|Performances|8,041.21|5,475.09|
|Sponsorships|0.00|0.00|
|Grants|0.00|0.00|
|Reclaimed Tax|2,894.17|2,616.69|
|Fundraising appeals and events|8,789.04|16,233.29|
|Advertising sales|0.00|0.00|
|Income from assets|0.00|0.00|
|Books and CDs|0.00|0.00|
|**TOTAL INCOME**
|**34,523.92**
|**30,396.39**|
|
**Expenditure**|
||
|
Personnel costs (6 workers)|
3,218.00|2,579.00|
|Presentation costs|||
|Food and Lodging|207.96|782.43|
|Travel|2,538.95|3,110.37|
|Vehicles|4,365.42|3,101.71|
|Support costs|3,952.24|4,658.19|
|Covenant Players International|14,211.41|7,636.52|
|Donations|4,691.55|6,909.45|
|Fundraising and publicity|365.43|286.01|
|Administration and management|2,310.98|2,199.85|
|Purchase of vehicles and equipment|0.00|0.00|
|**TOTAL EXPENDITURE**|**35,861.94**|**31,263.53**|
|
Net income (deficit)|
**(-1,338.02)**|
**(-867.14)**|
|
**Bank balances end of year**|
**4,328.92**|
**5,666.94**|
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COVENANT PLAYERS (UK) TRUST — ANNUAL REPORT 2023
**Founder & Playwright** Charles M. Tanner
**International Director** Bobbi M. Johnson-Tanner
## **Trustees**
Deborah Allen Bobbi M. Johnson-Tanner Eileen Lock Timothy Martin
**Officer** Deborah Allen - National Director
**Bankers** Barclays Bank PLC Leicester LE87 2BB Tel. (0345) 734 5345
## **Independent Examiner**
Mr Ken Bailey Pembroke House Lower Park Terrace Pontypool, NP4 6LB Tel. (01495) 753 767
## Covenant Players (UK) Trust
Registered Charity No. 1059359 (in England and Wales)
British & Irish Office and European Headquarters 32 Pine Gardens PONTYPOOL, Wales NP4 6BS Tel.(01495) 651 248 Mob. (07949) 645 838
~~www.covenantplayers.org~~
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COVENANT PLAYERS (UK) TRUST Registered Charity No. 1059359 **Accounts for the Year to 31 December 2023 Receipts and Payments Accounts**
**Founder** Charles M. Tanner
## **International Director**
Bobbi M. Johnson-Tanner
## **Trustees**
Deborah Allen Bobbi M. Johnson-Tanner Eileen Lock Timothy Martin
## **Officers**
Deborah Allen - National Director
## **Bankers**
Barclays Bank PLC Leicester LE87 2BB Tel. (0345) 734 5345
## **2023 ACCOUNTS**
## **Independent Examiner**
Mr Ken Bailey Pembroke House Lower Park Terrace Pontypool, NP4 6LB Tel. (01495) 753 767
|**General Fund**|**2 - 3**|
|---|---|
|**Designated Funds**|**4 - 5**|
|**Restricted Funds**|**6 - 9**|
|**Statement of Assets and**|**10**|
|**Liabilities**||
|**Financial Summary for the year**|**11**|
|**Independent Examiner’s Report**|**12**|
## **Covenant Players (UK) Trust** Registered Charity No. 1059359 (in England and Wales)
British & Irish Office and European Headquarters 32 Pine Gardens, Tranch PONTYPOOL, Wales NP4 6BS Tel. (01495) 651 248 Mob. (07949) 645 838 Email: cp.bio@covenantplayers.org
_____________________________________
## www.covenantplayers.org
1
COVENANT PLAYERS (UK) TRUST Registered Charity No. 1059359 **Accounts for the Year to 31 December 2023 Receipts and Payments Accounts**
|**GENERAL FUND**
**Income Receipts**
Grants from other CP Offices and Donations:
Covenant Players Foreign Offices
General Donations
Performances, Grants and Sponsorships
Fundraising Appeals and Events
Trading Activities**Note 1**
Income from Assets
Reclaimed Tax
**Total Income**
Transfers from other funds:
From Overseas Mission Fund*****
From Resources Fund
From Travel Fund*****
From St. Stephen’s Fund*****
From BIOMed Fund
From World Mission Fund
**Total Transfers**
**Total Income plus Transfers**
**Payments for Expenses**
Direct Charitable Expenditure:
Personnel Costs (6 workers)
Presentation Costs:
Food & Lodging
Travel
Vehicle Costs
IT/Sound Equipment Costs
Support Costs:
Supplies, Postage, Phone
Rent, Utilities, Maintenance
Grants to Covenant Players International:
Training
Ministry
**Total Direct Charitable Expenditure**|**2023**
**2022**
6,310.00
7,849.11
8,489.50
8,884.55
8,041.21
5,475.09
1,020.62
0.00
0.00
0.00
0.00
0.00
2,894.17
2,616.69
**26,755.50**
**24,825.44**
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
**0.00**
**0.00**
**26,755.50**
**24,825.44**
3,218.00
2,579.00
207.96
782.43
2,538.95
3,110.37
4,365.42
3,101.71
403.13
738.68
1,331.60
1,819.51
2,200.00
2,100.00
604.75
0.00
13,339.60
7,636.52
**28,209.41**
**21,868.22**|**2022**
7,849.11
8,884.55
5,475.09
0.00
0.00
0.00
2,616.69|
|---|---|---|
*Monies moved from Restricted Funds to reimburse immigration and travel expenses paid with credit card.
2
## COVENANT PLAYERS (UK) TRUST Registered Charity No. 1059359 **Accounts for the Year to 31 December 2023 Receipts and Payments Accounts**
||**2023**|**2022**|
|---|---|---|
|Other Expenditure:|||
|Stolen Cash|0.00|0.00|
|Fundraising and Publicity|365.43|286.01|
|Administration and Management**Note 1a**|2,310.98|2,199.85|
|Designated Tithe**Note 1b**|0.00|0.00|
|**Total Other Expenditure**|**2,676.41**|**2,485.86**|
|Payments for Fixed Assets:|||
|Office Equipment|0.00|0.00|
|**Total Payments for Expenses**|**30,885.82**|**24,354.08**|
|Transfers to other funds:|||
|Air Travel Fund|0.00|0.00|
|BIOMed Fund|0.00|0.00|
|World Mission Fund|0.00|0.00|
|Deacons Fund|0.00|0.00|
|Overseas Mission Fund (January 2020)|0.00|0.00|
|Vehicle Purchase and Repair Fund|0.00|0.00|
|Resources Fund|0.00|0.00|
|St. Stephen’s Fund|74.59|0.00|
|**Total Transfers**|**74.59**|**0.00**|
|**Total Payments plus Transfers**|**30,960.41**|**24,354.08**|
|Net Income|-4,204.91|471.36|
|Opening Balance|370.42|-100.94|
|Closing Balance|-3,834.49|370.42|
**Note 1** Resource Sales are itemised separately on page 5.
**Note 1a** There were no trustee expenses.
**Note 1b** The Designated Tithe is a 10% portion of a chosen income amount sent as a donation to another ministry or for a specific need within Covenant Players ministry, outside of the United Kingdom.
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## COVENANT PLAYERS (UK) TRUST Registered Charity No. 1059359 **Accounts for the Year to 31 December 2023 Receipts and Payments Accounts**
|**AIR TRAVEL FUND**(Designated)**Note 2**|**AIR TRAVEL FUND**(Designated)**Note 2**|**AIR TRAVEL FUND**(Designated)**Note 2**|||||
|---|---|---|---|---|---|---|
|**Income Receipts**||||**2023**||**2022**|
|General Donations - BIO||||450.00||0.00|
|Grants from Covenant Players –||International||0.00||350.00|
|Transfer from Overseas Mission||Fund (January||0.00||0.00|
|2020)|||||||
||**Total Income Receipts**|||**450.00**||**350.00**|
|**Payments**|||||||
|Direct Charitable Expenditure:|||||||
|Travel||||91.56||55.41|
|Support Costs:|||||||
|Visas/Fees||||726.90||1,116.98|
|Grants|to CP – Europe|||0.00||0.00|
|Transfers to World Mission|Fund|||0.00||0.00|
|Transfers to General Fund||||0.00||0.00|
|||**Total Payments**||**818.46**||**1,172.39**|
||||Net Income|-368.46||-822.39|
|||Opening Balance||469.58||1,291.97|
|||Closing Balance||101.12||469.58|
|**BIO-MEDICAL FUND**(Designated)**Note**|||**3**||||
|**Income Receipts**|||||||
|Transfers from General Fund|||||0.00|0.00|
|Grants from Covenant Players - International|||||0.00|0.00|
|||**Total Income Receipts**|||**0.00**|**0.00**|
|**Payments**|||||||
|Direct Charitable Expenditure:|||||||
|Emergency Needs|||||0.00|0.00|
|Grant to Covenant Players Europe Medical|||||0.00|0.00|
|Support Costs:|||||||
|Health|Insurance||||17.51|0.00|
|Transfers to General Fund|||||0.00|0.00|
||||**Total Payments**||**17.51**|**0.00**|
||||Net Income||-17.51|0.00|
||||Opening Balance||500.00|500.00|
||||Closing Balance||482.49|500.00|
**Note 2** This fund is set aside primarily to fly missioners to their assignments around the world and for the accompanying immigration costs. It is designated from performance income – 5% of the unit weekly payment to the office.
**Note 3** The Euro Medical Fund was changed to the BIO Medical Fund during 2007. The BIO Medical Fund is set aside primarily for medical emergencies for personnel. This is also designated from unit income.
4
## COVENANT PLAYERS (UK) TRUST Registered Charity No. 1059359 **Accounts for the Year to 31 December 2023 Receipts and Payments Accounts**
|**WORLD MISSION FUND**(Designated)**Note 4**|**WORLD MISSION FUND**(Designated)**Note 4**|**WORLD MISSION FUND**(Designated)**Note 4**|||
|---|---|---|---|---|
|**Income Receipts**|||**2023**|**2022**|
|Transfers from ATF Fund|||0.00|0.00|
|Transfers from General Fund|||0.00|0.00|
||**Total**|**Income Receipts**|**0.00**|**0.00**|
|**Payments**|||||
|Direct Charitable Expenditure:|||||
|Grants to Covenant Players International|||192.47|0.00|
|Transfers to General Fund|||0.00|0.00|
|||**Total Payments**|**192.47**|**0.00**|
|||Net Income|-192.47|0.00|
|||Opening Balance|1,911.23|1,911.23|
|||Closing Balance|1,718.76|1,911.23|
|**RESOURCES FUND**(Designated)**Note 5**|||||
|**Income Receipts**|||||
|From Trading Activities:|||||
|Playbooks|||0.00|0.00|
|Devotion Books|||0.00|0.00|
|New Sound CDs|||0.00|0.00|
|Sunday Celebration Cassettes|||0.00|0.00|
|Royalty Payments|||0.00|0.00|
|Surplus Donations|||0.00|0.00|
|BIO Resources (from|2008)||0.00|0.00|
|Transfer from General Fund|||0.00|0.00|
||**Total**|**Income Receipts**|**0.00**|**0.00**|
|**Payments**|||||
|Direct Charitable Expenditure:|||||
|Grants to Covenant Players Int.||(Resources)|0.00|0.00|
|Royalty Payment|||0.00|0.00|
|Transfers to General Fund**Note 5a**|**(*2022 figure correction)**||0.00|*102.49|
|||**Total Payments**|**0.00**|***102.49**|
|||Net Income|0.00|0.00|
|||Opening Balance|581.73|684.22|
|||Closing Balance|581.73|581.73|
**Note 4** The World Mission Fund supports the ongoing ministry of Covenant Players across the world. Monies are sent to the World Headquarters in Los Angeles or designated for use following discussion with the International Director. It is a designated fund – 30% of the unit weekly payment to the office. Play and performance royalties are also sent to World Headquarters.
**Note 5** Resources prior to 2008 were sold on the basis of a suggested donation. They were fabricated in the USA and shipped to Covenant Players Europe. Funds have previously been returned to Covenant Players USA Resources, unless otherwise directed by the Trustees and Covenant Players’ International Director. As of 2008, resources are purchased from Covenant
5
## COVENANT PLAYERS (UK) TRUST Registered Charity No. 1059359 **Accounts for the Year to 31 December 2023 Receipts and Payments Accounts**
Players USA and sold in the UK. Proceeds are retained by Covenant Players (UK) Trust. Purchase costs are listed as a liability as per instructions from the Independent Examiner.
|**DEACONS FUND**(Restricted)**Note 6**||||
|---|---|---|---|
|**Income Receipts**||**2023**|**2022**|
|Donations from Covenant Players Europe||0.00|0.00|
|Transfers from General Fund||0.00|0.00|
||**Total Income Receipts**|**0.00**|**0.00**|
|**Payments**||||
|Direct Charitable Expenditure:||||
|Grants to Individuals||0.00|0.00|
|Grants to Covenant Players International||0.00|1,230.00|
|Transfers to General Fund||0.00|0.00|
||**Total Payments**|**0.00**|**1,230.00**|
||Net Income|0.00|-1,230.00|
||Opening Balance|824.19|2,054.19|
||Closing Balance|824.19|824.19|
|**OVERSEAS MISSION FUND**(Restricted)**Note 7**||||
|**Income Receipts**||||
|Transfers from General Fund (for January 2020)||0.00|0.00|
|Transfer from Travel (R)||0.00|0.00|
|Donations||0.00|0.00|
||**Total Income Receipts**|**0.00**|**0.00**|
|**Payments**||||
|Transfer to General Fund as part of a|grant to Germany|0.00|0.00|
|Transfer to Travel (R) Fund (January|2020)**Note 7a**|0.00|0.00|
|Transfer to Vehicle (R) Fund**Note 7a**||0.00|0.00|
|Transfer to General Fund for ATF (January 2020)||0.00|0.00|
||**Total Payments**|**0.00**|**0.00**|
||Net Income|0.00|0.00|
||Opening Balance|0.00|0.00|
||Closing Balance|0.00|0.00|
**Note 6** The Deacons Fund is administered by an appointed body of Deacons from Covenant Players Europe. Monies are disbursed as directed by the Deacons.
**Note 7** The Overseas Mission Fund is for monies given to support Covenant Players’ mission needs overseas.
**Note 7a** These monies were the remaining monies from those raised for January 2020. They were actually designated funds but were kept in a separate fund held within the Overseas Mission Fund. They remainder was transferred to the Vehicle Fund (R) and the Travel Fund (R).
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COVENANT PLAYERS (UK) TRUST Registered Charity No. 1059359 **Accounts for the Year to 31 December 2023 Receipts and Payments Accounts**
|**ST. LUKE’S FUND**(Restricted)**Note 8**|||
|---|---|---|
|**Income Receipts**|**2023**|**2022**|
|Donations|0.00|0.00|
|**Total Income Receipts**|**0.00**|**0.00**|
|**Payments**|||
|Health Needs|0.00|0.00|
|**Total Payments**|**0.00**|**0.00**|
|Net Income|0.00|0.00|
|Opening Balance|0.00|0.00|
|Closing Balance|0.00|0.00|
|**ST. STEPHEN’S FUND**(Restricted)**Note 9**|||
|**Income Receipts**|||
|Donations|8,168.42|5,570.95|
|Tax Reclaimed|0.00|0.00|
|Transfers from General Fund|74.59|0.00|
|**Total Income Receipts**|**8,243.01**|**5,570.95**|
|**Payments**|||
|Direct Charitable Expenditure:|||
|Grants to Individuals|4,766.14|5,679.45|
|Grants to Units|0.00|0.00|
|Grants to Covenant Players International|0.00|0.00|
|Transfers to General Fund – Immigration Costs|0.00|`0.00|
|**Total Payments**|**4,766.14**|**5,679.45**|
|Net Income|3,476.87|-108.50|
|Opening Balance|221.86|330.36|
|Closing Balance|3,698.73|221.86|
**Note 8** The St. Luke’s Fund is for the benefit of Covenant Player missioners’ health needs.
**Note 9** The St. Stephen’s Fund, formerly the Missioner Support Fund, is for the benefit of Covenant Player missioners, mostly individual needs, but occasionally for group needs as desired by the donor.
7
COVENANT PLAYERS (UK) TRUST Registered Charity No. 1059359 **Accounts for the Year to 31 December 2023 Receipts and Payments Accounts**
|**SOUND EQUIPMENT FUND**(Restricted)**Note 10**|**SOUND EQUIPMENT FUND**(Restricted)**Note 10**|||
|---|---|---|---|
|**Income Receipts**||**2023**|**2022**|
|Donations||0.00|0.00|
|Transfers from General Fund||0.00|0.00|
||**Total Income Receipts**|**0.00**|**0.00**|
|**Payments**||||
|Repair and Maintenance||0.00|0.00|
||**Total Payments**|**0.00**|**0.00**|
||Net Income|0.00|0.00|
||Opening Balance|1.00|1.00|
||Closing Balance|1.00|1.00|
|**TRAVEL FUND**(Restricted)**Note 11**||||
|**Income Receipts**||||
|Donations||0.00|0.00|
|Transfer from Overseas Mission Fund (January 2020)||0.00|0.00|
|Tax Reclaimed||0.00|0.00|
||**Total Income Receipts**|**0.00**|**0.00**|
|**Payments**||||
|Direct Charitable Expenditure:||||
|Grants to Covenant Players International (Travel)||0.00|0.00|
|Travel||0.00|0.00|
|Transfer to General Fund (ATF)||0.00|0.00|
|Transfer to OMF (for January 2020)||0.00|0.00|
||**Total Payments**|**0.00**|**0.00**|
||Net Income|0.00|0.00|
||Opening Balance|0.00|0.00|
||Closing Balance|0.00|0.00|
**Note 10** The Sound Equipment Fund is for the repair and purchase of sound equipment for the use of the ministry, particularly the “Catalysts” music ministry.
**Note 11** The Travel Fund is for monies raised to get CP missioners to their mission areas, or for other special travel needs where the expense originates with Covenant Players (UK) Trust.
8
COVENANT PLAYERS (UK) TRUST Registered Charity No. 1059359 **Accounts for the Year to 31 December 2023 Receipts and Payments Accounts**
|**VEHICLE PURCHASE AND REPAIR FUND**(Restricted)**Note 12**|**VEHICLE PURCHASE AND REPAIR FUND**(Restricted)**Note 12**|||
|---|---|---|---|
|**Income Receipts**||**2023**|**2022**|
|Donations||0.00|0.00|
|Transfers from Overseas Mission Fund**(see Note 7a)**||0.00|0.00|
|Tax Reclaimed||0.00|0.00|
||**Total Income Receipts**|**0.00**|**0.00**|
|**Payments**||||
|Direct Charitable Expenditure:||||
|Vehicle Repairs||0.00|0.00|
|Purchase of Vehicle||0.00|0.00|
|Grant to Covenant Players Europe (Vehicle)||0.00|0.00|
|Transfers to General Fund – VITAL*||0.00|0.00|
||**Total Payments**|**0.00**|**0.00**|
||Net Income|0.00|0.00|
||Opening Balance|-137.95|-137.95|
||Closing Balance|-137.95|-137.95|
|**EQUIPMENT FUND**(Restricted)**Note**|**13**|||
|**Income Receipts**||||
|Equipment Donations||0.00|0.00|
|Transfers from General Fund||0.00|0.00|
||**Total Income Receipts**|**0.00**|**0.00**|
|**Payments**||||
|Equipment Purchases||0.00|0.00|
|Transfers to General Fund||0.00|0.00|
||**Total Payments**|**0.00**|**0.00**|
||Net Income|0.00|0.00|
||Opening Balance|0.00|0.00|
||Closing Balance|0.00|0.00|
**Note 12** The Vehicle Purchase and Repair Fund has two functions. On the road, it is mainly used for repairs to unit vehicles. From the office, it is used for purchasing and maintaining vehicles.
*VITAL = Vehicle Insurance, Tax and Licensing Fund
**Note 13** The Equipment Fund was established in 2003 for donated funds for the purchase of ministryrelated equipment, especially computer/IT equipment.
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COVENANT PLAYERS (UK) TRUST Registered Charity No. 1059359 **Accounts for the Year to 31 December 2023 Receipts and Payments Accounts**
## **FINANCIAL REPORT Financial Summary for the year ended 31 December 2023**
|**Statement of Assets and Liabilities**||
|---|---|
|Monetary Assets:||
|Bank Deposits|£4,256.30|
|Petty Cash|£72.62|
|**Total Monetary Assets:**|**£4,328.92**|
|Liabilities||
|2 payments owing on photocopier (ends June 2024)|£458.40|
|(copier and contract as of July 2019 @ £191.00 + 20% VAT per quarter = £229.20)||
|Non-monetary Assets for use in direct charitable activity:||
|Vehicle Fleet||
|Ford Torneo Connect (March 2016) CK16 LLV purchased in full from October 2016||
|to March 2017 with (R) donations received for that purpose. Total paid:**£18,007.77**||
|Covenant Players has the use of**1**other vehicle:||
|Ford Fiesta Diesel (2012) DK12 VGC (Allen)||
|Sound Equipment||
|4 microphones (purchased 1997 for approximately £168.00)||
|2 speakers (purchased 2002 for £166.00)||
|Mixer/amplifier 9 channel (donated 2000 from Covenant Players Europe)||
|Resources (from 2008)||
|17 Playbooks = cost £18.88||
|63 Music CDs = cost £293.68||
|Equipment for use in support activities of the charity:||
|3 telephones and answering machine (purchased in 2012 for £74.99)||
|1 shredder (purchased in 2006 for £19.99)||
|Telephones, desks, filing cabinets, office chairs (purchased 1990-2012 value £0.00)||
|Second-hand household furniture (donated and purchased through the years value||
||£0.00)|
Report prepared by:
Deborah Allen 30 October 2024 …………………………………………………………… ……………………………………… Deborah Allen, National Director (Date)
Approved by the Trustees and signed on their behalf by:
30 October 2024
E. E. Lock 30 October 2024 …………………………………………………………… ….…………………………………….. Trustee (Date)
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COVENANT PLAYERS (UK) TRUST Registered Charity No. 1059359 **Accounts for the Year to 31 December 2023 Receipts and Payments Accounts**
## **Financial Summary for the year ending 31 December 2023**
|**Income**|**2023**|**2022**|
|---|---|---|
|Donations|14,799.50|6,071.32|
|Performances|8,041.21|5,475.09|
|Sponsorships|0.00|0.00|
|Grants|0.00|0.00|
|Reclaimed Tax|2,894.17|2,616.69|
|Fundraising appeals and events|8,789.04|16,233.29|
|Advertising sales|0.00|0.00|
|Income from assets|0.00|0.00|
|Books and CDs|0.00|0.00|
|**TOTAL INCOME**|**34,523.92**|**30,396.39**|
|**Expenditure**|||
|Personnel costs (6 workers)|3,218.00|2,579.00|
|Presentation costs|||
|Food and Lodging|207.96|782.43|
|Travel|2,538.95|3,110.37|
|Vehicles|4,365.42|3,101.71|
|Support costs|3,952.24|4,658.19|
|Covenant Players International|14,211.41|7,636.52|
|Donations|4,691.55|6,909.45|
|Fundraising and publicity|365.43|286.01|
|Administration and management|2,310.98|2,199.85|
|Purchase of vehicles and equipment|0.00|0.00|
|**TOTAL EXPENDITURE**|**35,861.94**|**31,263.53**|
|Net income (deficit)|**(-1,338.02)**|**(-867.14)**|
|**Bank balances end of year**|**4,328.92**|**5,666.94**|
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