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2021-12-31-accounts

WORLD PRAYER CENTRE (Limited by guarantee)

Company No: 03601828 Charity No: 01072222

Unaudited Financial Statements Year ended 31 December 2021

Contact Details:

By email: By telephone: Web:

office@worldprayer.org.uk +44 (0) 121 633 7393 www.worldprayer.org.uk

WORLD PRAYER CENTRE (Limited by guarantee)

INDEX

Company Information 1
Trustees’ Report 2
Independent Examiners Report to the Trustees 8
Statement of Financial Activities 9
Balance Sheet 10
Notes to the Financial Statements 11

WORLD PRAYER CENTRE (Limited by guarantee)

TRUSTEES

TRUSTEES

E. I. Cole Chair of Trustees S.K. Hendley Acting Chair of Trustees (from 01/07/2020 – 31/12/2021) A. Elphinston S.D. Bavington J.D. Goodlet

STAFF

Laurence Sharman Executive Director Jane Holloway Diana Holder Natasha Ruddock Melissa Evans Pauline Cole

Executive Director (ex officio attendee of Trustees meeting) National Prayer Director Book keeper Communications Manager Marketing Assistant PA to Ian Cole *

COMPANY SECRETARY

Sir Alex Elphinston

HONORARY TREASURER

Position not held at present

REGISTERED AND HEAD OFFICE

40 Blenheim Road (01/10/2020 and forward) Moseley Birmingham B13 9TY

COMPANY NUMBER

REGISTERED CHARITY NUMBER

3601828

1072222 (England & Wales)

BANKERS

Co-operative Bank PLC Barclays Bank PLC CAF Bank Ltd Delf House Leicester 25 Kings Hill Avenue Southway LE87 2BB West Malling Skelmersdale Kent WN8 6WT ME19 4JQ

PROFESSIONAL ADVISERS

Anthony Collins Solicitors LLP, solicitors Arup, designers, planners, engineers, consultants and technical specialists Brian Evans Associates, landscape architects Framptons, town planning consultants Mazars LLP, independent examiners Jeremy Blake Architects, architects Rider Levett Bucknall, quantity surveyors

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WORLD PRAYER CENTRE (Limited by guarantee)

TRUSTEES

STRUCTURE, GOVERNANCE AND MANAGEMENT

The Trustees present their report and the financial statements for the year ended 31 December 2021.

The Charity (World Prayer Centre) was incorporated as a company limited by guarantee on 22 July 1998 and received formal recognition as a charity on 30 October 1998.

TRUSTEES

Trustees were appointed on the basis of their skill and experience within the private and voluntary sector and their passion to see the WPC vision realised. The Trustees whose names are shown on page 1 have all held office from 1 January 2021 to the date of this report.

The power of appointing new or additional trustees rests with the members who are the existing Trustees. The Trustees have agreed that, as part of the induction process, before anyone considers appointment as a trustee as a minimum they should familiarise themselves with the responsibilities of charity trustees, read the charity commission booklet on this subject and World Prayer Centre’s Memorandum and Articles of Association plus its most recent financial statements. In addition before a formal appointment is made they will have the opportunity to act as “shadow trustees” to build expertise and understanding.

MANAGEMENT AND DECISION MAKING

The Trustees meet at least four times a year. In the course of the Trustees’ Meetings, in association with The Executive Director, they discuss and agree on the long-term strategy and budget plan for WPC ensuring that the plans to fulfil the vision are put in place and implemented. Through the Chair, they set a framework of contracts and job descriptions for each member of staff. They are also invited to pray with the staff team regularly throughout the year and attend prayer events and an annual conference if it is held.

The Executive Director reports to Trustees providing reports, and strategic and financial updates. The day-to-day decisions concerning the work of the Charity are taken with staff and the Executive Director. The Executive Director is responsible for creating and delivering the strategic plan. Decisions concerning development and recruitment of personnel are taken at Trustee level following proposals and recommendations by the Chair and staff team.

Part of the rhythm of prayer for World Prayer Centre means that the staff team meet daily to pray for an hour except Thursdays, when a prayer watch is kept individually. These times include praying for local issues, events that happen nationally and many global issues. This is built within a monthly prayer framework. Strategy and advance planning is prayed about and discussed within the Staff Team, ensuring the day to day work of WPC is delivered. Each staff member has regular planning and personal development time with the Executive Director and opportunities to review their work.

RISKS

The Trustees have reviewed the major risks to which the Charity is exposed. During this period there has been regular monitoring of the financial situation and each of the Trustees has received regular financial updates, giving a clear quarterly picture.

The Trustees have also had specific involvement in our prayer events, both national and international. They have supported the team during this period as WPC looked at its vision along with its priorities. There has also been conversations regarding how to broaden The Board of Trustees during 2021, thus strengthening The Board as we continue moving forward.

OBJECTIVES, ACTIVITIES AND PUBLIC BENEFIT

WPC’s objects as formally set out in its Memorandum of Association are:

  1. To establish a global prayer centre promoting prayer and Christian mission around the world, recreation and learning for the family, and support for the poor and vulnerable.

  2. WPC is passionate about enabling the Christian faith to be promoted, shared and upheld, and

  3. To advance the Christian Faith, and

  4. To have a strong outward focus watching global, national and local prayer issues and encouraging effective prayer.

  5. As an expression of Christian witness, love and concern:

  6. i. To advance education, and

  7. ii. To relieve persons who are in necessitous circumstances in such ways as the Trustees in their ultimate discretion determine.

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WORLD PRAYER CENTRE (Limited by guarantee)

TRUSTEES

Accordingly, WPC’s main priorities are:

Our praying flows out of our worship of Father, Son and Holy Spirit, and into our desire to share the good news of the Gospel of Jesus Christ.

Operational Note:

Following on from our prior annual report (2020), and before looking at the aims of the Charity and their effectiveness, we recognise that we continue to change and adapt in this new paradigm into which we have now moved. All of the period covered by this report brings a post SARS-CoV-2 impact and its consequences. We recognise that we are continually adapting and adjusting as we seek to maintain provision of high level prayer resources, uphold strong relationships and connect locally, nationally and globally. Both the WPC Team and Trustees remain watchful in this ever-changing climate and are aware of the need to remain vigilant in prayer as situations alter.

The Aims for 2021 were:

The Trustees have taken account of the Charity Commission’s general guidance relating to public benefit issues when reviewing the Charity’s objectives and activities.

World Prayer Centre team is involved in regional, national and international prayer and worship ministry. During 2021, we have sought to facilitate and run on-line prayer watches each month, praying about local, national and global issues. We continue to see our base as Birmingham, however, having moved out of our offices in September 2020, we continue to operate remotely and from team members’ homes. The team speaks and/or leads in worship in churches, conferences and organisations mainly in the UK, as there has not been opportunity for overseas travel. The team has led meetings with a wide range of organisations to contribute to planning the Archbishops of York and Canterbury’s national prayer initiative Thy Kingdom Come. WPC has continued to play a prominent role in prayer support for rural areas.

The World Prayer Centre is linked to many networks and initiatives, serving Prayer, Mission, Social Action, Family Life and Marginalised People.

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WORLD PRAYER CENTRE (Limited by guarantee)

TRUSTEES

These networks include:

Prayer Connections England, Connecting the Isles, Birmingham Prayer Watch, the Houses of Prayer Network, Pray for Scotland, Prayer for the G7 Summit, Cross Borders Prayer Group, Hope for the Countryside, Birmingham City Leaders Prayer, The UK-German Prayer Bridge, World Prayer Collaborative, Prayer for The COP26 Summit, Birmingham Churches Commonwealth Prayer Group, Mission Mercia, The International Prayer Council, some European prayer networks and National Day of Prayer & Worship.

Other organisations that WPC works closely with are:

Agape, Chaplaincy Plus, Community Watchmen Ministries, Engage, The Eternal Wall of Answered Prayer, The Evangelical Alliance, Gather, Evesham Prayer Compass, Hope Together, International Justice Mission, Cross Border Prayer Group, Mahabba, Open Doors UK, 24-7 Prayer, United Christian Broadcasters, Urban Devotion Birmingham, The Net and Watchmen Ministries.

Through contacts with many churches and organisations we host leaders forums covering the British Isles to promote connect, equip and mobilise prayer.

WPC provides a wide range of prayer resources – these include regularly praying for nations, and praying for nations where persecution goes on because of a person’s Christian faith. We use our social media platforms to provide regular prayer postings which we know are used in many nations across the globe. Our fortnightly e-News Prayer Update provides helpful, informative, credible and accessible prayer material and resources along with links and connections to other prayer information and events. These in turn are used and circulated around other prayer networks to increase and heighten the level of prayer.

Our social media reach continues to impact different nations as well as that of The UK. During 2021, we continue to develop new ways of providing innovative prayer material to help people to pray and/or find faith in Jesus Christ. As a team, our daily rhythm of prayer has been refocussed as everyone now works remotely. We hold a daily time of prayer – either together online or individually - where many different issues are covered. As most other organisations, networks and ministries - that we work and associate with - have also moved their operations on line, we continue to promote, support and encourage many other prayer events, profile resources and help people gain better access to current news seeking to help people know how to respond to different situations in prayer.

Our work with a number of different unity movements continues to grow, working locally, in the City of Birmingham to promote unity and nationally with other organisations to help support and endorse unity across all church denominations. Without question, we are sure that prayer does have an impact and we continue to realise how using our worship helps us see how prayer and worship are so connected and that our prayer flows from being in the presence of God.

WPC connects internationally with churches, houses of prayer, prayer networks and organisations through the International Prayer Council. Team members have been involved in the organisation and hosting of an on-line bridge of prayer connection between Germany and the UK, which was initiated on New Year’s Eve 2020 and has grown steadily during 2021, helping us (as part of that network) to understand the importance and significance of prayer between and for our two nations. We continue to take part in on-line gatherings with leaders of The Arab Prayer movement and other international connections.

GRANTS

During 2021, WPC has continued to adjust its grant making policy to approve grants where the Staff Team and Trustees have seen and recognise a specific need. This policy continues to evolve each year, and donations are made to ministries, individuals and organisations, working in areas that fall in line with the foundational principles of World Prayer Centre. The Grant Money is made available from general income – these details are available from the registered office.

PUBLIC BENEFIT

In terms of the public benefit delivered by WPC this includes:

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WORLD PRAYER CENTRE (Limited by guarantee)

TRUSTEES

The Trustees consider that the Charity’s achievements and performance meet the public benefit requirements.

SUMMARY OF ACHIEVEMENTS, PERFORMANCE AND PUBLIC BENEFIT

Our achievements in 2021 include

The pledge of land for the building of the World Prayer Centre (subject to planning) in 2009 continues to be an encouragement to Trustees and staff. Finance to build the actual Centre is still being sought, but in the meantime, it continues to work into the four foundational areas of the vision namely: Prayer, Mission, Family and supporting the Marginalised.

FINANCIAL REVIEW

Over the last year we have seen continued financial provision, which has meant that we have been able to keep going in the best way possible and have not had to make any changes within our Staff Team, for which we are very grateful. We appreciate all of our supporters and friends, both those who support financially and those in other ways. We aim to communicate with our supporters as much as possible throughout the year. It is always encouraging to receive gifts from which we are able to reclaim tax and remain grateful to grant-making trusts, churches and other Christian groups for their generous support.

Reserves (as defined by the SORP) are unrestricted funds not designated and not yet expended. At the year-end, they amounted to £98,438 which was held towards meeting the next period’s operating costs of WPC.

The Trustees have unrestricted investment powers but to date, have all funds with three banks. The objective was to invest at relatively low risk. However, the Trustees have indicated that some funds have been set aside for possible office accommodation costs.

The results of the Charity for the year ended 31 December 2021 are set out in the financial statements.

No account is taken in these statements of the value of the full time services provided by Ian Cole, one of this Charity’s Trustees and his wife, Pauline, who are employed and remunerated by the April ’97 Trust. This is because, in the opinion of the Trustees, these donated services are not of the type that would be usually provided as part of a trade or profession in return for a fee nor is their value to this Charity reasonably quantifiable and measurable. For clarification purposes we hereby

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WORLD PRAYER CENTRE (Limited by guarantee)

TRUSTEES

record that Ian and Pauline Cole receive no income whatsoever from this Charity. Their income comes from those who donate to the April ’97 Trust. That trust was specifically set up at the request of Ian and Pauline Cole to avoid any confusion in the minds of donors and supporters between money given for their personal support and the considerable finance needed to promote prayer and to purchase the land and buildings for the World Prayer Centre. They do not claim any business or travel expenses as part of their work to maintain and sustain the WPC vision and related works.

The result for the year is in line with expectation and the Trustees believe the funds have been well spent in seeking to achieve this Charity’s Objects. The net reduction in funds in the year has been taken from the surplus brought forward.

ACHIEVEMENTS SINCE THE YEAR END

Team members have been involved in:

PLANS FOR FUTURE PERIODS

As we look and plan to the future, we recognise that it will be unlikely that we will occupy any office space in the foreseeable future, however, we are actively looking for a place that may become a house of prayer in Birmingham, or possibly a few different venues around the city that would house this. The Trustees and Team will continue to pursue the building of the World Prayer Centre and the development of the land pledged for the building of the World Prayer Centre (subject to planning). Moving forward, The Trustees and Team are committed to continually looking at how we expand our impact – raising awareness and engagement in prayer and always building on and strengthening our partnership with prayer and mission focused Churches and organisations.

RESPONSIBILITIES OF THE TRUSTEES

The Trustees are responsible for the Trustees’ Report and the financial statements in accordance with applicable law and regulations.

Company law requires the Trustees to prepare financial statements for each financial year. Under that law the Trustees have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of the surplus or deficit of the charity for that period. In preparing these financial statements, the Trustees are required to:

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WORLD PRAYER CENTRE (Limited by guarantee)

TRUSTEES

The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the charity’s transactions and disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

In preparing this report, the trustees have taken advantage of the small companies exemptions provided by section 415A of the Companies Act 2006 and the Financial Reporting Standard for Smaller Entities (effective 1st January 2015).

AUDIT EXEMPTION/INDEPENDENT EXAMINER

The Charity is exempt from requirement to have its financial statements audited but, as its income is above £25,000, it does have them independently examined by David Hoose, a partner of Mazars LLP.

Sep 27, 2022 Approved by the Trustees on ………......................2022 and signed by their order

A Elphinston (Sep 27, 2022 13:53 GMT+1)

Sir Alex Elphinston Trustee and Company Secretary

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WORLD PRAYER CENTRE (Limited by guarantee)

INDEPENDENT EXAMINERS REPORT TO THE TRUSTEES

I report on the financial statements of World Prayer Centre for the year ended 31[st] December 2021, which are set out on pages 9 to 17.

Respective responsibilities of trustees and examiner

The trustees (who are also the directors of the company for the purposes of company law) are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).

Having satisfied myself that the financial statements of the charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the charity’s financial statements as carried out under section 145 of the Charities Act 2011 (the 2011 Act). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(b) of the 2011 Act.

This report, including my statement, has been prepared for and only for the charity’s trustees as a body. My work has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body for my examination work, for this report, or for the statements I have made.

Basis of independent examiner’s report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the financial statements present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with my examination, which is complete, no matters have come to my attention which give me reasonable cause to believe that in any material respect:

I have no concerns and have come across no other matters in connection with the examination to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.

David Hoose (Sep 27, 2022 14:02 GMT+1)

David Hoose

For and on behalf of Mazars LLP Chartered Accountants Two Chamberlain Square Birmingham B3 3AX

Date: Sep 27, 2022

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WORLD PRAYER CENTRE (Limited by guarantee)

STATEMENT OF FINANCIAL ACTIVITIES AND SUMMARY INCOME AND EXPENDITURE ACCOUNT For the year ended 31 December 2021

Restricted
Unrestricted funds 2021 Unrestricted Restricted 2020
funds (note 15) Total funds funds Total
Notes £ £ £ £ £ £
INCOME
Donations 1, 2 216,260 1,018 217,278 113,067 1,995 115,062
Charitable Activities:
Prayer event tickets, 100 - 100 12,784 - 12,784
booking fees etc.
Interest receivable 7 - 7 5 - 5
───── ──── ───── ───── ──── ─────
TOTAL INCOME 216,367 1,018 217,385 125,856 1,995 127,851
───── ──── ───── ──── ───── ─────
EXPENDITURE
Charitable Activities 3 144,236 1,437 145,673 152,178 1,486 153,665
───── ──── ───── ──── ───── ─────
NET RESULT FOR
YEAR AND 72,131 (419) 71,712 (26,322) 509 (25,814)
NET MOVEMENT IN
FUNDS
FUNDS BROUGHT 16,705 3,021 19,726 43,028 2,512 45,540
FORWARD
───── ──── ───── ───── ──── ─────
FUNDS CARRIED 88.836 2,602 91,438 16,706 3,021 19,726
FORWARD
═════ ════ ═════ ════ ═════ ═════

The charity has no recognised gains or losses other than the net movement in funds for the year (2020 – none). All income and expenditure derive from continuing activities.

The notes on pages 11 to 17 form part of these financial statements.

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WORLD PRAYER CENTRE (Limited by guarantee)

BALANCE SHEET AT 31 December 2021

Notes 2021 2020
£ £
FIXED ASSETS
Tangible assets 11 - -
───── ─────
- -
CURRENT ASSETS
Debtors and prepayments 12 5,520 6,053
Cash at bank 91,161 15,133
───── ─────
96,681 21,186
LIABILITIES:
Creditors: Amounts falling due within one
year 13 (5,243) (1,460)
───── ─────
NET CURRENT ASSETS and
TOTAL NET ASSETS 91,438 19,726
═════ ═════
THE FUNDS OF THE CHARITY:
Restricted income funds 15 2,602 3,021
Unrestricted income funds:
Designated 17 24,990 16,705
General 17 63,846 -
───── 88,836 ───── 16,705
───── ─────
TOTAL CHARITY FUNDS 91,438 19,726
═════ ═════

For the year ending 31[st] December 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476, the Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

Approved by the Trustees on and signed on their behalf by

Sep 27, 2022

A Elphinston A Elphinston (Sep 27, 2022 13:53 GMT+1)

Sir Alex Elphinston – Trustee

Company Number: 03601828

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WORLD PRAYER CENTRE (Limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2021

1 ACCOUNTING POLICIES

Basis of accounting

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) – (Charities SORP (FRS102)), Section 1A of the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Companies Act 2006.

Income received for restricted purposes has been included under restricted funds, along with the related expenditure as shown in Note 15. All other income and expenditure is classified as unrestricted.

World Prayer Centre meets the definition of a public benefit entity under FRS 102.

Going concern

After considering the future potential impact of COVID-19, the directors are of the view that there are sufficient reserves to secure the immediate future of the charity for the next 12 to 18 months and on that basis that the charity is a going concern.

Cash flow exemption

The charitable company has not produced a Statement of Cash Flows, as the charity is within the small company and charity thresholds.

Judgements and estimations

Management has not made any significant judgements in the process of applying the accounting policies and there are no areas of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities.

Financial instruments

The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value

Income

Donations are included on a cash received basis. There would be no material difference if an accruals basis were adopted. Tax recoverable is included in the year to which the gift generating the tax recovery relates (accruals basis). Income from conferences and investments is included in the SOFA on an accruals basis.

Expenditure

Expenditure, including grants, is included on an accruals basis when incurred.

Allocation of costs

The majority of costs are directly attributable to specific charitable activities. Certain costs relating to more than one category are apportioned based upon estimated usage.

Support costs comprise staff costs and overheads which support the promotion of prayer and other charitable activities. Premises and other overheads are apportioned 93:7 (2019: 93:7) between support and governance costs. Governance costs are the independent examiner’s fee and the Companies House filing fee.

Funds

Restricted Funds are funds which have been given for particular purposes/projects – see note 15.

As referred to in the Trustees’ Report, WPC makes grants of 5% (2019: 5%) of non-designated non-restricted donations to organisations and individuals involved in promoting prayer and world mission, support of the family, support of youth, and relief of the poor and marginalised. Similarly, as and when funds are received

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WORLD PRAYER CENTRE (Limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2021

1 ACCOUNTING POLICIES (CONTINUED)

for the Building Fund, unless the donor specifically requests otherwise, it will make grants of 10% and the remainder will be held to pay for the costs of the Prayer Centre.

Unrestricted Funds comprise those funds which the Trustees are free to use in accordance with the charitable objects.

Investments

Any cash held on short-dated money market investment is classified, along with other funds at banks, as cash at bank.

Depreciation

Depreciation is usually calculated to write off the cost of fixed assets over their estimated useful lives at 20% per annum straight line.

2 INCOME

The income and result for the year are attributable to the principal purpose as set out in the report of the Trustees.

No account is taken in these statements of the value of the full time services provided by Ian Cole, one of this Charity’s Trustees and his wife, Pauline, who are employed and remunerated by the April ’97 Trust for the reasons set out in the Trustees Report.

No account has been taken in these statements of other volunteers’ time and effort which is also appreciated and is very valuable.

Grant
Activities Funding of Support
Undertaken Activities Costs 2021 2020
Directly (note 4) (note 5) Total Total
£ £ £ £ £
Promoting Prayer including the
Swanwick prayer conference; prayer
journeys and world mission; and
developing prayer resources		 80,447 2,529 60,482 143,458 150,615
Other grants payable (see note 4):
Support of the family - - - - -
Relief of the poor and marginalised - - - - 900
Youth work - - - - -
───── ──── ──── ───── ─────
80,447 2,529 60,482 143,458 151,515
Governance costs (note 6) - - 2,215 2,215 2,150
───── ──── ──── ───── ─────
80,447 2,529 62,697 145,673 153,665
═════ ════ ════ ═════ ═════

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WORLD PRAYER CENTRE (Limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2021

4 GRANTS PAYABLE

GRANTS PAYABLE
Grants to Grants to
Organisations Individuals
£ No £ No
Promoting prayer and world mission 2,029 4 500 2
──── ── ──── ──
Total 2,029 4 500 2
════ ══ ════ ══

Details of organisations receiving grants over £999 are available from the registered office.

5 SUPPORT COSTS 2021 2020
Unrestricted Unrestricted
and Total £ and Total £
Staff costs (note 8) 59,199 56,104
Premises and other office costs 1,283 1,267
──── ────
60,482 57,371
Governance costs (note 6) 2,215 2,150
──── ────
62,697 59,521
════ ════
6 GOVERNANCE COSTS
2021 2020
Unrestricted Unrestricted
and Total and Total
£ £
Independent Examiner’s fee 950 930
Preparation of financial statements 1,265 1,220
──── ────
2,215 2,150
════ ════

6 GOVERNANCE COSTS

7 NET MOVEMENTS IN FUNDS
The net movement in funds is stated after Unrestricted Restricted 2021 2020
charging:- funds funds Total Total
£ £ £ £
Staff costs (note 8) 105,833 - 105,833 91,100
Grants made as categorised in note 4 above 2,529 - 2,529 2,099
Independent Examiner’s fee 950 - 950 930
═════ ═════ ═════ ═════

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WORLD PRAYER CENTRE (Limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2021

8 STAFF COSTS

STAFF COSTS
2021 2020
£ £
Salaries 100,915 91,510
Social security costs less employment allowance 10,912 (937)
Pension contributions 674 527
───── ─────
112,501 91,100
═════ ═════
No employee was paid more than £60,000 per annum.
The average number of full-time equivalents
employed by the charity during the year was:
Ministry - promoting prayer 1.10 1.10
Support costs – promoting prayer 2.20 1.80
═══ ═══

The key management personnel of the charity comprise the Operations Manager & Company Secretary Laurence Sharman. The total remuneration of the key management personnel of the Charity was £42,879 (2020: £41,136). The average number of full time and part time staff during the year was 5 (2020: 4).

9 TRUSTEES

No trustee received any remuneration from the Charity for services rendered.

However, travelling expenses incurred in pursuit of the Charity’s object have been paid for Mr. and Mrs. Cole by this Charity of £Nil (2020: £Nil) enabling them to take part in many prayer conferences and speaking engagements etc. in the UK and overseas.

None of the trustees are connected in any way with the family of Arnold Muwonge (see note 15).

10 TAXATION

The company is a registered charity and, as all its income will be applied for charitable purposes, no liability to tax arises in respect of the year ended 31st December 2021 or the prior year.

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WORLD PRAYER CENTRE (Limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2021

11
TANGIBLE FIXED ASSETS
Development
expenditure
£
Improvements
to leasehold
property
£
COST
1 January 2021
106,377
-
31 December 2021
106,377
-
DEPRECIATION
1 January 2021
106,377
-
31 December 2021
106,377
-

NET BOOK VALUES
At 31 December 2021
-
-
At 31 December 2020
-
-
12
DEBTORS AND PREPAYMENTS
Income tax recovered since the year end on gift aided donations
13
CREDITORS – AMOUNTS FALLING DUE WITHIN ONE YEAR
Sundry creditors and accruals
 Office
equipment
£
Total
£
40,386
146,763
40,386
146,763
40,386
146,763
40,386
146,763
-
-
-
-
2021
£
2020
£
5,520
6,053
────
────
5,520
6,053
════
════
2021
£
2020
£
5,2431,460
════
════

14 SHARE CAPITAL

The Charity is limited by guarantee and thus has no share capital. In the event of the Charity being wound up, the liability in respect of the guarantee is limited to £1 per member (and per former member who retired within one year) of the Charity.

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WORLD PRAYER CENTRE (Limited by guarantee)

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2021

15 RESTRICTED FUNDS

Arnold Total
Muwonge
Prayer		 Restricted
Support
Alert		 Funds
£
£		 £
Income:
Donations and other income 525
493		 1,018
Expended resources:
Grants paid and accrued (598)
(839)		 (1,437)
Other charitable expenditure -
-		 -
───── ───── ─────
Net movement (73)
(346)		 (419)
Brought forward 393
2,628		 3,021
───── ───── ─────
Carried forward 320
2,282		 2,602
═════ ═════ ═════

16 FINANCIAL COMMITMENTS

The charity no longer has rental commitments for the use of prayer room and its offices since the expiration of the previous lease on 31 October 2020. The rental charges during the year were £nil (2020: £8,050).

17 UTILISATION OF FUNDS

Total Total
Designated
General		 unrestricted Restricted
funds
£
£		 £ £
£
Current assets 24,990
69,089		 94,079 2,602
96,681
Current liabilities -
(5,243)		 (5,243) -
(5,243)
───── ───── ───── ───── ─────
24,990
63,846		 88,836 2,602
91,438
═════ ═════ ═════ ═════ ═════

18 PENSION COMMITMENTS

The Company participates in a defined contribution pension scheme. The pension cost charge for the period represents contributions payable by the company to the scheme and amounted to £674 (2020 - £527). Contributions totaling £nil (2020 - £nil) were payable to the scheme at the end of the year and are included in creditors.

16

WORLD PRAYER CENTRE (Limited by guarantee) NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2021

19 RELATED PARTY TRANSACTIONS

There were no related party transactions during the year (2020: none).

20 POST BALANCE SHEET EVENTS

There have been no post balance sheet events following the year ended 31 December 2021.

17