## **PRECEPT MINISTRIES UK ANNUAL REPORT**
## **- 1 DECEMBER 2020 30 NOVEMBER 2021**
A men’s Precept Bible Study meeting monthly both in person and online at St Paul’s Church, Salisbury, studying the 40 Minute study ‘Ignite Your Passion for God’
1
## **PRECEPT MINISTRIES UK ANNUAL REPORT 1 DECEMBER 2020 - 30 NOVEMBER 2021**
## **ADMINISTRATIVE DETAILS**
Name: Precept Ministries UK Charity Registration Number: 1072938 Our public name is Precept UK, but our official name remains Precept Ministries UK
Address: Christian Centre, Dews Road, Salisbury, Wiltshire SP2 7SN UK
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
The charity is constituted with a Board of Trustees and one National Director who oversees the running of the Ministry. The office which we rent from a local church is in Salisbury, Wiltshire. We employ 3 full-time staff: Helen Watts (National Director / Trainer); Sharon Goldie (Accounts / Administrator) and Zac Prosser (Marketing and Communications Manager). New Trustees are appointed by majority vote and are selected because of their professional competence and support for the Ministry work. Precept Ministries UK was set up in 1998 by Charity Trust Deed.
Routine decisions are made by the UK National Director. Major decisions about strategy, fundraising, staff recruitment and out-of-the ordinary staff matters (e.g. disciplinary) are decided corporately by Trustees in conjunction with the National Director. The Ministry is affiliated to Precept Ministries International based in Chattanooga, Tennessee, USA.
## **FINANCIAL REVIEW**
The Ministry’s principle funding sources are voluntary donations and the sale of inductive Bible study resources with a profit being made this Financial Year of £5,329.66. The Ministry continues to take practical steps to tighten internal financial controls in line with the Charity Commission guidelines (CC8 Jul 12). A reserves policy of 3 months’ operating costs is in place and is monitored by the office and Trustees on an annual basis. Total sales for the year were £29,122 _(a reduction on last year of 11% where more people were studying during the COVID-19 lockdown)._ Total donations were £69,374 _(an 18% reduction on last year where we received £5,285 extra donation from PMI towards IT purchase and support costs, and a one-off donation from a ministry supporter of £12,000)_ . In addition to one-off gifts, 147 people regularly financially support us through standing orders or direct debits _(a reduction of 8% on last year)._
## **FUNDS HELD AS CUSTODIAN TRUSTEE ON BEHALF OF OTHERS**
We have no funds held as custodian trustee on behalf of others.
## **PUBLIC BENEFIT STATEMENT**
We confirm we have complied with our duties and obligations regarding public benefit.
## **OBJECTIVES AND ACTIVITIES**
Precept Ministries UK equips all people with engaging and practical tools to study the Bible, so they know God better and are transformed into the likeness of Christ. As people engage with the Bible in this way, lives are transformed as the Word of God works in people’s hearts and minds. We encourage and facilitate training within the whole church as the Body of Jesus Christ, irrespective of denomination, race or background and supply inductive Bible study resources. We aim to help re-establish the authority of the Word of God in our nation.
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## **MISSION, VISION AND VALUES**
Our Mission is: ‘Engaging people in relationship with God through knowing His Word’
Our Vision is: ‘Every believer in Christ living out God’s Word every day’
## **PRECEPT MINISTRIES UK CORE VALUES**
Our values determine decisions and behaviour: Truth, Unity, Service, Excellence and Innovation.
## **ACHIEVEMENTS AND PERFORMANCE**
## **Introduction and impact of COVID**
This year has continued to be dominated by the COVID-19 global pandemic and we have remained flexible in a continuously changing national situation. Most of our training has continued online apart from one visit in August 2021 to the Shetland Islands. Our social media presence has continued to grow and we have 1,430 followers on our YouTube channel, up from 1,000 a year ago. As the uncertainty of the COVID pandemic continues, we have streamlined the ministry and adapted working practices to cope. During the year we decided to change from working from home mostly to working at home three days per week and in the office for the other two.
## **Impact on Lives**
The impact that Precept has had on lives this year across the UK is both exciting and humbling.
One example is of Joel _(photo to right)_ who wakes at 6.30am to study God’s Word using Precept’s books for children, and was nominated to join his school council and suggested inductive study as an after-school club.
## **Training Across the Ages**
We offered 20 training workshops across a wide range of ages from children to youth and adults. Our desire is to equip people from all ages and stages of faith.
We started a **youth study** on Monday evenings on a highly relevant topic for youth, ‘How to Make Choices You Won’t Regret.’ Edward, _(photo to right)_ , joined us from university whilst others joined from across the UK. The youth enjoyed the study so much they will continue with a new study in 2022.
**Our children’s study day** in January 2021 was well attended and new Bible study groups for children started as a result. Debbie _(photo below right)_ works in an Anglican church and uses our children’s studies in her church and saw first-hand how practical and effective the studies were.
**Other training workshops** included training leaders how to study books of the Bible using the New Inductive Study Series, Precept Upon Precept series (at advanced and beginner level), the In and Out and 40 Minute series. We also led Easter and Christmas taster “discovery” sessions.
3
In addition to offering training workshops we continued to encourage **men** by meeting once a month to study the Word together _(photo to right)_ . We had a sizeable number join from all over the UK. Linking together in a **WhatsApp group** helped to grow lasting friendships too.
Regular meetings took place for **Precept Bible study group leaders** , who we encouraged to share stories of the impact of studying God’s word together.
Offering **advanced leader training** was well received (and this will continue into 2022), so too were our regular **fortnightly Precept Upon Precept studies** _(photo to right)_ on Daniel, Lamentations and 1 Peter, which we offered as a ‘hybrid’ towards the end of the year.
**Precept Bible School.** We offered three courses on our Precept Bible School this year (Malachi, 2 Timothy and Ruth). We had people join from many places – see photo below for attendance at the Malachi PBS in February:
**Grace** sent us this feedback after the course: “ _This opened my eyes to a deeper understanding of the Bible and helped me realise that_ _**studying** the Bible is so different to just reading it. There are so many truths to uncover by cross references, taking the time to slow down – a real benefit. I wouldn't have known to do this otherwise. I can now apply this to other books of the Bible. It’s been great to be taught IBS study techniques in such depth._ _**I have a greater understanding of God’s holiness, that He is the same yesterday, today and forever so the OT is still significant today** . I also now have a greater understanding of Bible history. Would definitely attend again_ .”
4
**Precept Leader Academy (PLA).** The British Isles Director, Nigel Watts and the UK Director, Molly Watts participated in two Precept Leader Academies this year, hosted and by led by the Precept Eurasia Director, Vasile Filat. They joined with directors from many countries to study the names of God and Paul’s letter to Titus.
The purpose of the PLA is to train trainers to use Precept’s wide variety of study materials to be able to raise up leaders across the nation.
## **Administration**
Sharon has worked tirelessly this year using her outstanding administrative and financial skills to keep the ministry operating on a daily basis.
She has despatched over 2,800 books, printed hundreds of Precept studies, kept accounts meticulously, written our weekly Prayer bulletin, just to name a few of her responsibilities.
She is being used mightily by God to bless thousands of people and as a ministry we are so grateful.
## **Social Media / Marketing / Communications**
Zac Prosser has continued to reach out to constituents and beyond across a wide variety of social media platforms.
Through his efforts our Facebook subscribers are over 1,800, we have 1,430 followers on YouTube with some 142,200 minutes watched with 25,200 views.
His creativity and talents have been used to reach thousands of people and encourage them in their own journey of faith.
## **GOING FORWARD**
Other goals looking forward include:
- Hosting a new Precept Bible School curriculum
- Being responsible for the running of the Precept Leader Academy from Autumn 2022
- Refining and enhancing certain administrative processes
- Creating more film content for constituents
- Employ one new part-time administrative assistant
Precept UK Office Staff Nigel, Molly, Sharon and Zac
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Lastly, we received this feedback from one of our Precept constituents:
_“I am so grateful to God for your ministry. My last minute realisation ‘aaggh….Lent starts on Wednesday…what am I going to study? took me to my bookcase and I saw the title ‘Lord I Want To Know You’. I opened it up on the first day of Lent and honestly, I have and I’m being so incredibly blessed by great deeper in my understanding of God through His names. Day one started with Proverbs 18 verse 10, ‘The name of the Lord is a strong tower, the righteous run into it and is safe’ and each day since then I have been taken on this amazing journey of getting to know my Father more intimately, which is deepening my approach to him in prayer, and impacting my daily worship of Him. This is having a profound impact on how I am approaching the trials and challenges in my life. Your study books are truly being used in a powerful way in my life”._
## **ADDITIONAL REFERENCE AND ADMINISTRATIVE MATTERS**
The day-to-day management has been delegated by the Trustees to Helen Watts (National Director, also known as ‘Molly’). Rawlence and Browne provide payroll services, and Clifford Fry and Co LLP are providing the Independent Examination service. The Charity did not experience any serious incidents during the year that should have been brought to their, or the Charity Commission’s, attention.
6
## **ADDITIONAL INFORMATION ABOUT STRUCTURE, GOVERNANCE AND MANAGEMENT**
Below are pie charts for income and expenditure for the FY 2020/2021:
7
## **NAMES OF THE CHARITY TRUSTEES WHO MANAGE THE CHARITY**
||**NAMES OF THE CHARITY TRUSTEES**|**WHO MANAGE THE CHARI**|
|---|---|---|
||**Trustee Name**|**Dates acted****_(if not for_**
**_whole year)_**|
|1|Mr Nigel Watts - Chair||
|2|Mr John Butterworth||
|3|Mr Rob Guinney||
|4|Mrs Jane Guinney||
|5|Mr Nic Arkley||
The Trustees declare that they have approved the Trustees Report above
||**1**|**2**|
|---|---|---|
|Signature(s)|Original Signed||
|Full Name(s)|Nigel John Iremonger Watts||
|Position_(e.g. Chair)_|Chair||
|Date|6 Apr 2022||
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||**PRECEPT MINISTRIES UK**|**PRECEPT MINISTRIES UK**|**PRECEPT MINISTRIES UK**|**Charity No:**|**1072938**|**_CC17_**
**_(FRS102)_**|
|---|---|---|---|---|---|---|
||**Annual Accounts for theperiod**||||||
||**Period start date**|**01/12/2020**|**To**|**Period end**
**date**|**30/11/2021**||
||||||||
|**Section A**|**Statement of Financial Activities**||||||
|**Recommended categories by**
**activity**
Guidance
Notes
**Incoming resources (Note 3)**
**Income and endowments from:**
Donations and legacies
S01
Charitable activities
S02
Other trading activities
S03
Investments
S04
Separate material item of income
S05
Other
S06
S07
**Resources expended (Note 6)**
**Expenditure on:**
Raising funds
S08
Charitable activities
S09
Separate material item of expense
S10
Other
S11
S12
S13
Net gains/(losses) on investments
S14
S15
**Extraordinary items**
S16
S17
S18
Other gains/(losses)
S19
S20
**_Reconciliation of funds:_**
S21
S22
**_Total_**
**_Net movement in funds_**
Total funds brought forward
_Total funds carried forward_
**_Total_**
**Net income/(expenditure) before investment**
**gains/(losses)**
**Net income/(expenditure)**
**Transfers between funds**
**Other recognised** **gains/(losses):**
Gains and losses on revaluation of fixed assets for the charity’s own
use||**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**funds**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05|||||
|||69,374|-|-|69,374|84,614|
|||29,122|-|-|29,122|33,116|
|||3,275|-|-|3,275|4,195|
|||4|-||4|25|
|||-|-|-|-|-|
|||34|-|-|34|181|
|||**101,809**|**-**|**-**|**101,809**|**122,131**|
||||||||
|||16,699|-|-|16,699|18,911|
|||79,780|-|-|79,780|85,940|
|||-|-|-|-|-|
|||1|-|-|1|1|
|||**96,480**|**-**|**-**|**96,480**|**104,852**|
||||||||
|||5,329|-|-|5,329|17,279|
|||-|-|-|-|-|
|||5,329|-|-|5,329|17,279|
|||-|-|-|-|-|
|||-|-|-|-|-|
||||||||
|||-|-|-|-|-|
|||-|-|-|-|-|
|||**5,329**|**-**|**-**|**5,329**|**17,279**|
||||||||
||||||||
|||67,425|-|-|67,425|50,146|
|||**72,754**|**-**|**-**|**72,754**|**67,425**|
1
## **Section B Balance Sheet**
|**Fixed assets**
**Intangible assets (Note 15)**
**Tangible assets (Note 14)**
**Heritage assets (Note 16)**
**Investments (Note 17)**
**_Total fixed assets_**
**Current assets**
**Stocks (Note 18)**
**Debtors (Note 19)**
**Investments (Note 17.4)**
**Cash at bank and in hand (Note 24)**
**_Total current assets_**
**Creditors: amounts falling due within**
**one year (Note 20)**
**_Net current assets/(liabilities)_**
**_Total assets less current liabilities_**
**Creditors: amounts falling due after**
**one year (Note 20)**
**Provisions for liabilities**
**_Total net assets or liabilities_**
**Funds of the Charity**
**Endowment funds (Note 27)**
**Restricted income funds (Note 27)**
**Unrestricted funds**
**Revaluation reserve**
**_Total funds_**|Guidance
Notes
B01
B02
B03
B04
B05
B06
B07
B08
B09
B10
B11
B12
B13
B14
B15
B16
B17
B18
B19
B20
B21|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total this**
**year**
**Total last**
**year**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total this**
**year**
**Total last**
**year**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total this**
**year**
**Total last**
**year**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total this**
**year**
**Total last**
**year**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total this**
**year**
**Total last**
**year**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05|
|---|---|---|---|---|---|---|
|||-|-|-|-|-|
|||6,023|-|-|6,023|6,988|
|||-|-|-|-|-|
|||-|-|-|-|-|
|||**6,023**|**-**|**-**|**6,023**|**6,988**|
||||||||
|||13,275|-|-|13,275|12,530|
|||1,313|-|-|1,313|2,171|
|||-|-|-|-|-|
|||55,075|-|-|55,075|47,316|
|||69,663|-|-|69,663|62,017|
||||||||
|||2,932|-|-|2,932|1,580|
||||||||
|||**66,731**|**-**|**-**|**66,731**|**60,437**|
||||||||
|||**72,754**|**-**|**-**|**72,754**|**67,425**|
||||||||
|||-|-|-|-|-|
|||-|-|-|-|-|
||||||||
|||**72,754**|**-**|**-**|**72,754**|**67,425**|
||||||||
|||-|-|-|-|-|
|||-|-||-|-|
|||72,754|-|-|72,754|67,425|
||||||-||
|||**72,754**|**-**|**-**|**72,754**|**67,425**|
||||||||
|**Signed by one or two trustees on**
**behalf of all the trustees**||Signature||Print Name||Date of
approval
dd/mm/yyyy|
||Original Signed|||NJI Watts|||
CC17a (Excel)
07/02/2022
2
**Section C Notes to the accounts**
## **Note 1 Basis of preparation** _**This section should be completed by all charities**_
## **1.1 Basis of accounting**
These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The accounts have been prepared in accordance with:
the Statement of Recommended Practice: Accounting and Reporting by Charities • and with* preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 the Financial Reporting Standard applicable in the United Kingdom and Republic of • and with* Ireland (FRS 102) • and with the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.*
_* Tick as appropriate_
## **1.2 Going concern**
_**If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:**_
An explanation as to those factors that support There is no threat of liquidation within 12 months. The charity the conclusion that the charity is a going declares its intention to keep running its activities at least for the concern; next year and to prepare financial statements accordingly. Disclosure of any uncertainties that make the Not applicable going concern assumption doubtful; Where accounts are not prepared on a going concern basis, please disclose this fact together with the basis on which the trustees Not applicable prepared the accounts and the reason why the charity is not regarded as a going concern.
## **1.3 Change of accounting policy**
The accounts present a true and fair view and the accounting policies adopted are those outlined in notes 2.2 and 2.3.
Yes* * Tick as appropriate No*
CC17a (Excel)
07/02/2022
3
## _**Please disclose:**_
|**_Please disclose:_**||
|---|---|
|**_(i) the nature of the change in accounting policy;_**|Not applicable|
|
**_(ii) the reasons why applying the new accounting policy_**
**_provides more reliable and more relevant information;_**
**_and_**|Not applicable|
|**_(iii) the amount of the adjustment for each line affected_**
**_in the current period, each prior period presented and_**
**_the aggregate amount of the adjustment relating to_**
**_periods before those presented, 3.44 FRS 102 SORP._**|Not applicable|
## **1.4 Changes to accounting estimates**
No changes to accounting estimates have occurred in the reporting period (3.46 FRS 102 SORP).
|Yes*
No*
**_Please disclose:_**||* Tick as appropriate|* Tick as appropriate|
|---|---|---|---|
|||||
|||||
|**_(i) the nature of any changes;_**|||Not applicable|
|
**_(ii) the effect of the change on income and expense or_**
**_assets and liabilities for the currentperiod; and_**|||Not applicable|
|**_(iii) where practicable, the effect of the change in one or_**
**_more futureperiods._**|||Not applicable|
## **1.5 Material prior year errors**
No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP).
Yes* * Tick as appropriate No*
|Yes*
No*
* Tick as appropriate|Yes*
No*
* Tick as appropriate|
|---|---|
|**_Please disclose:_**||
|**_(i) the nature of the prior period error;_**|Not applicable|
|
**_(ii) for each prior period presented in the accounts, the_**
**_amount of the correction for each account line item_**
**_affected; and_**|Not applicable|
|
**_(iii) the amount of the correction at the beginning of the_**
**_earliestpriorperiodpresented in the accounts._**|Not applicable|
CC17a (Excel)
07/02/2022
4
## **Section C Notes to the accounts (cont)**
## **Note 2 Accounting policies**
_Please complete this note when first reporting under FRS102. Section 35 of FRS102, requires 3 reconciliations to be presented, if all are applicable._
## **2.1 RECONCILIATION WITH PREVIOUS GENERALLY ACCEPTED ACCOUNTING PRACTICE**
**Please provide a description** There has been a change during 2021. The Accounting system was moved **of the nature of each change** from Quickbooks Desktop to Quickbooks Online which meant a change to stock **in accounting policy** valuation from average cost to first in, first out (FIFO) (this was system-forced).
## _**Reconcilation of funds per previous GAAP to funds determined under FRS 102**_
**Start of End of period period £ £**
**Fund balances as previously stated** _**Adjustments:**_
## **Fund balance as restated**
_**Reconcilation of net income/(net expenditure) per previous GAAP to net income/(net expenditure) under FRS102**_
**End of period £**
**Net income/(expenditure) as previously stated** _**Adjustments:**_
**Previous period net income/(expenditure) as restated**
CC17a (Excel)
07/02/2022
5
**Section C Notes to the accounts (cont)**
## **Note 2 Accounting policies**
## **2.2 INCOME**
|**2.2 INCOME**|**2.2 INCOME**|**2.2 INCOME**|**2.2 INCOME**|
|---|---|---|---|
|_This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a different or_
_additionalpolicy has been adopted then this is detailed in the box below._||||
|**Recognition of income**
Donated services and facilities that are consumed immediately are recognised as
income with an equivalent amount recognised as an expense under the appropriate
heading in the SOFA.
**Donated services and**
**facilities**
Donated services and facilities are included in the SOFA when received at the value of
the gift to the charity provided the value of the gift can be measured reliably.
Donated goods for resale are measured at fair value on initial recognition, which is the
expected proceeds from sale less the expected costs of sale, and recognised in
'Income from other trading activities' with the corresponding stock recognised in the
balance sheet. On its sale the value of stock is charged against 'Income from other
trading activities' and the proceeds from sale are also recognised as 'Income from
other trading activities'.
Goods donated for on-going use by the charity are recognised as tangible fixed assets
and included in the SOFA as incoming resources when receivable.
The value of any voluntary help received is not included in the accounts but is
described in the trustees’ annual report.
The cost of any stock of goods donated for distribution to beneficiaries is deemed to be
the fair value of those gifts at the time of their receipt and they are recognised on
receipt. In the reporting period in which the stocks are distributed, they are recognised
as an expense at the carrying amount of the stocks at distribution.
Gifts in kind for use by the charity are included in the SOFA as income from donations
when receivable.
**Support costs**
**Contractual income and**
**performance related**
**grants**
**Offsetting**
**Grants and donations**
Grants and donations are only included in the SOFA when the general income
recognition criteria are met (5.10 to 5.12 FRS102 SORP).
This is only included in the SOFA once the charity has provided the related goods or
services or met the performance related conditions.
Donated goods are measured at fair value (the amount for which the asset could be
exchanged) unless impractical to do so.
In the case of performance related grants, income must only be recognised to the
extent that the charity has provided the specified goods or services as entitlement to
the grant only occurs when the performance related conditions are met (5.16 FRS 102
SORP).
**Legacies**
Legacies are included in the SOFA when receipt is probable, that is, when there has
been grant of probate, the executors have established that there are sufficient assets
in the estate and any conditions attached to the legacy are either within the control of
the charity or have been met.
**Government grants**
The charity has received government grants in the reporting period
**Tax reclaims on**
**donations and gifts**
Gift Aid receivable is included in income when there is a valid declaration from the
donor. Any Gift Aid amount recovered on a donation is considered to be part of that
gift and is treated as an addition to the same fund as the initial donation unless the
donor or the terms of the appeal have specified otherwise.
**Donated goods**
These are included in the Statement of Financial Activities (SOFA) when:
• the charity becomes entitled to the resources;
· it is more likely than not that the trustees will receive the resources; and
• the monetary value can be measured with sufficient reliability.
**Income from interest,**
**royalties and dividends**
This is included in the accounts when receipt is probable and the amount receivable
can be measured reliably.
**Income from membership**
**subscriptions**
Membership subscriptions received in the nature of a gift are recognised in Donations
and Legacies.
Membership subscriptions which gives a member the right to buy services or other
benefits are recognised as income earned from the provision of goods and services as
income from charitable activities.
There has been no offsetting of assets and liabilities, or income and expenses, unless
required or permitted by the FRS 102 SORP or FRS 102.
The charity has incurred expenditure on support costs.
**Volunteer help**|Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
||Yes
No
N/a|||
|||||
|**2.4 ASSETS**
**Intangible fixed assets**
**Heritage assets**
**Basic financial**
**instruments**
**Redundancy cost**
The charity made no redundancy payments during the reporting period.
**Deferred income**
No material item of deferred income has been included in the accounts.
Support costs include central functions and have been allocated to activity cost
categories on a basis consistent with the use of resources, eg allocating property costs
by floor areas, or per capita, staff costs by the time spent and other costs by their
usage.
**Grants with performance**
**conditions**
Where the charity gives a grant with conditions for its payment being a specific level of
service or output to be provided, such grants are only recognised in the SoFA once the
recipient of the grant has provided the specified service or output.
**Grants payable without**
**performance conditions**
Where there are no conditions attaching to the grant that enables the donor charity to
realistically avoid the commitment, a liability for the full funding obligation must be
recognised.
**Settlement of insurance**
**claims**
Insurance claims are only included in the SOFA when the general income recognition
criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other
income in the SOFA.
The charity has intangible fixed assets, that is, non-monetary assets that do not have
physical substance but are identifiable and are controlled by the charity through
custody or legal rights. The amortisation rates and methods used are disclosed in note
9.5.
They are valued at cost.
The charity has heritage assets, that is, non-monetary assets with historic, artistic,
scientific, technological, geophysical or environmental qualities that are held and
maintained principally for their contribution to knowledge and culture. The depreciation
rates and methods used as disclosed in note 9.6.1.4.
They are valued at cost.
**Investments**
Fixed asset investments in quoted shares, traded bonds and similar investments are
valued at initially at cost and subsequently at fair value (their market value) at the year
end. The same treatment is applied to unlisted investments unless fair value cannot
be measured reliably in which case it is measured at cost less impairment.
Investments held for resale or pending their sale and cash and cash equivalents with a
maturity date of less than 1 year are treated as current asset investments.
**Stocks and work in**
**progress**
This includes any realised or unrealised gains or losses on the sale of investments and
any gain or loss resulting from revaluing investments to market value at the end of the
year.
**2.3 EXPENDITURE AND LIABILITIES**
**Liability recognition**
Liabilities are recognised where it is more likely than not that there is a legal or
constructive obligation committing the charity to pay out resources and the amount of
the obligation can be measured with reasonable certainty.
**Investment gains and**
**losses**
Stocks held for sale as part of non-charitable trade are measured at the lower or cost
or net realisable value.
Goods or services provided as part of a charitable activity are measured at net
realisable value based on the service potential provided by items of stock.
Work in progress is valued at cost less any foreseeable loss that is likely to occur on
the contract.
Debtors (including trade debtors and loans receivable) are measured on initial
recognition at settlement amount after any trade discounts or amount advanced by the
charity. Subsequently, they are measured at the cash or other consideration expected
to be received.
The charity accounts for basic financial instruments on initial recognition as per
paragraph 10.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17
to 11.19, FRS102 SORP.
**Tangible fixed assets for**
**use by charity**
The depreciation rates and methods used are disclosed in note 14.2.
**Governance and support**
**costs**
Support costs have been allocated between governance costs and other support.
Governance costs comprise all costs involving public accountability of the charity and
its compliance with regulation and good practice.
They are valued at cost.
These are capitalised if they can be used for more than one year, and cost at least:
**Creditors**
The charity has creditors which are measured at settlement amounts less any trade
discounts.
**Provisions for liabilities**
A liability is measured on recognition at its historical cost and then subsequently
measured at the best estimate of the amount required to settle the obligation at the
reporting date.
**Debtors**|
|Yes
No
N/a|Yes
No
N/a|Yes
No
N/a|
|---|---|---|---|---|
||||||
|||Yes
No
N/a|||
||||||
|||Yes
No
N/a|||
||||||
|||Yes
No
N/a|||
||||||
|||Yes
No
N/a|||
||||||
|||Yes
No
N/a|||
||||||
|||Yes
No
N/a|||
||||||
|||Yes
No
N/a|||
||||||
|||Yes
No
N/a|||
||||||
|||Yes
No
N/a|||
||||||
|||Yes
No
N/a|||
||||||
|||Yes
No
N/a|||
||||||
|||Yes
No
N/a|||
||£100||||
||
||||
||||||
|||Yes
No
N/a|||
||||||
|||Yes
No
N/a|||
||||||
|||Yes
No
N/a|||
||||||
|||Yes
No
N/a|||
||||||
|||Yes
No
N/a|||
||||||
|||Yes
No
N/a|||
||||||
|||Yes
No
N/a|||
||||||
|||Yes
No
N/a|||
||||||
|||Yes
No
N/a|||
||||||
|||Yes
No
N/a|||
||||||
**Current asset investments**
The charity has investments which it holds for resale or pending their sale and cash and cash equivalents with a maturity date less than one year. These include cash on deposit and cash equivalents with a maturity date of less than one year held for investment purposes rather than to meet short term cash commitments as they fall They are valued at fair value except where they qualify as basic financial instruments.
|Yes
No
N/a|Yes
No
N/a|Yes
No
N/a|
|---|---|---|
||||
|Yes
No
N/a|||
||||
**POLICIES ADOPTED** Not applicable **ADDITIONAL TO, OR DIFFERENT FROM, THOSE ABOVE**
**Section C Notes to the accounts (cont)**
## **Note 3 Analysis of income**
|**Note 3**|**Analysis of income**|**Analysis of income**|**Analysis of income**|**Analysis of income**|**Analysis of income**|**Analysis of income**|
|---|---|---|---|---|---|---|
|**Donations**
**and legacies:**
**Charitable**
**activities:**
**TOTAL INCO**
**Other:**
**Other trading**
**activities:**
**Income from**
**investments:**
**Separate**
**material item**
**of income:**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**Prior year**
**£**
**£**
**Analysis**||||||
||Donations and gifts|59,087||-|59,087|74,005|
||
Gift Aid|10,287|-|-|10,287|10,609|
||Legacies|-|-|-|-|-|
||General grants provided by government/other
charities|
-|-|-|-|-|
||Membership subscriptions and sponsorships
which are in substance donations|-|-|-|-|-|
||Donated goods, facilities and services|-|-|-|-|-|
||
Other|-|-|-|-|-|
||**Total **|**69,374**|**-**|**-**|**69,374**|**84,614**|
||||||||
||Sale of books, CDs, DVDs and other items|29,122|-|-|29,122|33,116|
|||-|-|-|-|-|
|||-|-|-|-|-|
|||-|-|-|-|-|
||**Total **|**29,122**|**-**|**-**|**29,122**|**33,116**|
||||||||
||Conference / Workshop Fees
|3,275|-|-|3,275|4,195|
||
|-|-|-|-|-|
|||-|-|-|-|-|
||Other|-|-|-|-|-|
||**Total **|**3,275**|**-**|**-**|**3,275**|**4,195**|
||||||||
||Interest income|4|-|-|4|25|
||Dividend income|-|-|-|-|-|
||Rental and leasing income|-|-|-|-|-|
||
Other|-|-|-|-|-|
||**Total **|**4**|**-**|**-**|**4**|**25**|
||||||||
|||-|-|-|-|-|
|||-|-|-|-|-|
|||-|-|-|-|-|
|||-|-|-|-|-|
||**Total**|**-**|**-**|**-**|**-**|**-**|
||||||||
||Conversion of endowment funds into income|-|-|-|-|-|
||Gain on disposal of a tangible fixed asset
held for charity's own use|-|-|-|-|-|
||
Gain on disposal of a programme related
investment|-|-|-|-|-|
||Royalties from the exploitation of intellectual
property rights|-|-|-|-|-|
||
Other|34|-|-|34|181|
||**Total **
**ME**|**34**|**-**|**-**|**34**|**181**|
|||**101,809**|**-**|**-**|**101,809**|**122,131**|
## **Other information:**
**All income in the prior year was unrestricted except for: (please provide description and amounts)**
**Where any endowment fund is converted into income in the reporting period, please give the reason for the conversion.**
**Within the income items above the following items are material: (please disclose the nature, amount and any prior year amounts)**
Not applicable Not applicable Last year £5,285 was contributed by Precept International towards new IT and other support costs and the Ministry received a one-off donation of £12,000 from one individual.
CC17a (Excel)
07/02/2022
9
**Section C Notes to the accounts (cont)**
## **Note 4 Analysis of receipts of government grants**
|**Note 4 Analysis of receipts of government grants**|**eceipts of government grants**|**eceipts of government grants**|**eceipts of government grants**|
|---|---|---|---|
|**This year**
**Last year**
**£**
**£**
**Government grant 1**
Not applicable
- -
**Government grant 2**
- -
**Government grant 3**
- -
**Other**
- -
**Total - -**
Not applicable
Not applicable
**_Please provide details of any unfulfilled conditions and other_**
**_contingencies attaching to grants that have been recognised in_**
**_income._**
**_Please give details of other forms of government assistance from_**
**_which the charity has directly benefited._**
**Description**|**This year**
**Last year**
**£**
**£**
**Description**|||
||Not applicable|-|-|
|||-|-|
|||-|-|
|||-|-|
|||**-**|**-**|
|||||
|||Not applicable||
|||||
|||Not applicable||
CC17a (Excel)
07/02/2022
10
**Section C Notes to the accounts (cont)**
## **Note 5 Donated goods, facilities and services**
|**Seconded staff**
**Use of property**
**Other**||**This year**
**Last year**
**£**
**£**|**This year**
**Last year**
**£**
**£**|**This year**
**Last year**
**£**
**£**|
|---|---|---|---|---|
|||-|-||
|||-|-||
|||-|-||
|||**-**|**-**||
||||||
|**Please provide details of the**
**accounting policy for the recognition**
**and valuation of donated goods,**
**facilities and services.**|Not applicable||||
|**Please provide details of any**
**unfulfilled conditions and other**
**contingencies attaching to resources**
**from donated goods and services not**
**recognised in income.**
**Please give details of other forms of**
**other donated goods and services**
**not recognised in the accounts, eg**
**contribution of unpaid volunteers.**|||||
||
Not applicable||||
||||||
||Mr Nigel Watts is a voluteer PUK Director
There are other volunteers that help the ministry
from running training to helping man a book stand
at an event, when they are held (there have not
been any this year).||||
CC17a (Excel)
07/02/2022
11
**Section C Notes to the accounts (cont)**
## **Note 6 Analysis of expenditure**
|**Other**
**TOTAL EXPENDIT**
**Expenditure on**
**raising funds:**
**Expenditure on**
**charitable**
**activities**
**Separate material**
**item of expense**|**Analysis**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**£**
**Prior year**
**£**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**£**
**Prior year**
**£**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**£**
**Prior year**
**£**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**£**
**Prior year**
**£**|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total funds**
**£**
**Prior year**
**£**|
|---|---|---|---|---|---|---|
||Incurred seeking donations|-|-|-|-|-|
||Incurred seeking legacies|-|-|-|-|-|
||Incurred seeking grants|-|-|-|-|-|
||Operating membership schemes and
social lotteries|-|-|-|-|-|
||Staging fundraising events|-|-|-|-|-|
||Fundraising agents|-|-|-|-|-|
||Operating charity shops|-|-|-|-|-|
||Operating a trading company|-|-|-|-|-|
||Advertising, marketing, direct mail and
publicity|-|-|-|-|-|
||Start up costs incurred in generating
newsource of futureincome|-|-|-|-|-|
||Database development costs|-|-|-|-|-|
||Other trading activities|16,699|-|-|16,699|18,911|
||Investment management costs:|-|-|-|-|-|
||Portfolio management costs|-|-|-|-|-|
||Cost of obtaininginvestment advice|-|-|-|-|-|
||Investment administration costs|-|-|-|-|-|
||Intellectualpropertylicencingcosts|-|-|-|-|-|
||Rent collection, property repairs and
maintenance charges|-|-|-|-|-|
||**Total expenditure on raising funds**|**16,699**|**-**|**-**|**16,699**|**18,911**|
||||||||
||Conferences/Workshops|663|-|-|663|831|
||Salary Costs|60,375|-|-|60,375|60,683|
||
Charitable Activities Costs|18,310|-|-|18,310|23,946|
||Independent Examination Fee|432|-|-|432|480|
||
**Total expenditure on charitable**
**activities**|**79,780**|**-**|**-**|**79,780**|**85,940**|
||||||||
|||-|-|-|-|-|
|||-|-|-|-|-|
||**Total material item of expense**|**-**|**-**|**-**|**-**|**-**|
||||||||
||Rounding adjustment|1|-|-|1|1|
|||-|-|-|-|-|
||**URE**
**Total other expenditure**|**1**|**-**|**-**|**1**|**1**|
|||**96,480**|**-**|**-**|**96,480**|**104,852**|
## **Other information (Analysis of expenditure on charitable activities):**
|**Other information**|**(Analysis of expenditure on charitable activities):**|**(Analysis of expenditure on charitable activities):**|||||
|---|---|---|---|---|---|---|
|**Activity or**
**programme**|**Activities undertaken directly**||**Grant**
**funding**
**of**
**activities**|**Support**
**Costs**|**Total this**
**year**|**_Total_**
**_prior year_**|
|||**£**|**£**|**£**|**£**|**£**|
|Activity1|||||||
|Activity2|||||||
|Other|||||||
|**Total**|||||||
|**Within the expenditure items above the**
**following items are material: (please**
**disclose the nature, amount and any prior**
**year amounts)**
**Prior year expenditure on charitable**
**activities can be analysed as follows:**|||||||
|||Not applicable|||||
||||||||
|||Not applicable|||||
CC17a (Excel)
07/02/2022
12
## **Section C Notes to the accounts (cont)**
## **Note 7 Extraordinary items**
_**Please explain the nature of each extraordinary item occurring in the period.**_
|**_period._**||||
|---|---|---|---|
|**Extraordinary item 1**
Not applicable
**Extraordinary item 2**
**Extraordinary item 3**
**Extraordinary item 4**
**Total extrordinary items**
**Description**|**Description**|**This year**
**Last year**
**£**
**£**||
||Not applicable|-|-|
|||||
|||-|-|
|||-|-|
|||-|-|
|||||
|||-|-|
|||**-**|**-**|
CC17a (Excel)
07/02/2022
13
**Section C Notes to the accounts (cont)**
## **Note 8 Funds received as agent**
## _**8.1 Please complete this note if the charity has agreed to administer the funds of another entity as its agent. Note: If a charity is acting as an agent, it should not recognise the income in the Statement of Financial Activities or the Balance Sheet.**_
|**_Financial Activities or the Balance Sheet._**|**_Financial Activities or the Balance Sheet._**|||||||
|---|---|---|---|---|---|---|---|
|||**Amount received**||**Amount paid out**||**Balance held at**
**period end**||
|**Description/name of party**|**Related**
**party (Yes**
**or No)**|**This year **|**Last year **|**This year **|**Last year **|**This year **|**Last year**|
|||**£**|**£**|**£**|**£**|**£**|**£**|
|Not applicable||-|-|-|-|-|-|
|||-|-|-|-|-|-|
|||-|-|-|-|-|-|
|||-|-|-|-|-|-|
|||-|-|-|-|-|-|
|**Total**||**-**|**-**|**-**|**-**|**-**|**-**|
## _**8.2 Where a consortia or similar arrangement exists whereby 2 or more charities co-operate to achieve economies in the purchase of goods or services, please discose details of any balances outstanding between any participating members.**_
|**_between any participating members._**|||
|---|---|---|
|**Description/name of party**|**Balance held at**
**period end**||
||**Thisyear **|**Lastyear**|
||**£**|**£**|
||-|-|
||-|-|
||-|-|
||-|-|
||-|-|
|**Total**|**-**|**-**|
CC17a (Excel)
07/02/2022
14
**Section C Notes to the accounts (cont**
## **Note 9 Support Costs**
_**Please complete this note if the charity has analysed its expenses using activity categories and has support costs.**_
|**_costs._**|||||||
|---|---|---|---|---|---|---|
|**Support cost**|**Raising funds**
**£**|**Activity 1**
**£**|**Activity 2**
**£**|**Activity 3**
**£**|**Grand total**
**£**|**Basis of**
**allocation**|
|||||||**(Describe**
**method)**|
|Not applicable|-|-||-|-||
||-|-||-|-||
||-|-||-|-||
||-|-||-|-||
||-|-||-|-||
|**Total**|**-**|**-**||**-**|**-**||
_**Please provide details of the accounting policy adopted for the apportionment of costs between activities and any estimation techniques used to calculate their apportionment.**_
CC17a (Excel)
07/02/2022
15
**Section C Notes to the accounts (cont**
## **Note 10 Details of certain items of expenditure**
## **10.1 Fees for examination of the accounts**
_**Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. If nothing was paid please enter '0' in the appropriate box(es).**_
|**_Please provide details of the amount paid for any statutory external scrutiny of_**
**_accounts and other services provided by your independent examiner. If nothing_**
**_was paid please enter '0' in the appropriate box(es)._**
**10.1 Fees for examination of the accounts**|||
|---|---|---|
|**Other fees (for example: financial advice, consultancy, accountancy services paid**
**to the independent examiner)**
**Independent examiner’s fees**
**Assurance services other than audit or independent examination**
**Tax advisory fees**|**This year**
**£**|**Last year**
**£**|
||480|480|
||-|-|
||-|-|
||**-**|**-**|
CC17a (Excel)
07/02/2022
16
**Section C Notes to the accounts (cont)**
**Note 11 Paid employees** _**Please complete this note if the charity has any employees.**_
|**Salaries and wages**
**11.1 Staff Costs**
**Social security costs**
**Other employee benefits**
**Total staff costs**
**Pension costs (defined contribution scheme)**
**Please provide details of expenditure on staff working for the**
**charity whose contracts are with and are paid by a related party**
**_Please give details of the number of employees whose total_**
**_employee benefits (excluding employer pension costs) fell within_**
**_each band of £10,000 from £60,000 upwards. If there are no such_**
**_transactions, please enter 'true' in the box provided._**
**No employees received employee benefits (excluding employer**
**pension costs) for the reporting period of more than £60,000**|||
|---|---|---|
||**This year £**|**Last year £**|
||60,375|60,683|
||-|-|
||-|-|
||-|-|
||**60,375**
|**60,683**|
||||
||None||
||||
||TRUE||
||TRUE||
|**Band**|**Number of employees**|**Number of employees**|**Number of employees**|
|---|---|---|---|
|**£60,000 to £69,999**||0||
|**£70,000 to £79,999**||0||
|**£80,000 to £89,999**||0||
|**£90,000 to £99,999**||0||
|**£100,000 to £109,999**||0||
|**11.2 Average head count in the year**
**Please provide the total amount paid to**
**key management personnel (includes**
**trustees and senior management) for**
**their services to the charity**
**The parts of the charity in which the**
**employees work**||||
||Mrs Helen Watts (National|Director) £22,167 (gross)||
|||||
|||**This year**
**Number**|**Last year**
**Number**|
||**Fundraising**|0.11|0.11|
||**Charitable Activities**|2.64|2.64|
||**Governance**|0.25|0.25|
||**Other**|-|-|
||**Total**|**3.00**|**3.00**|
|**Other**
- -
**Total 3.00 3.00**|**Other**
- -
**Total 3.00 3.00**|
|---|---|
|**11.3 Ex-gratia payments to employees and others (excluding trustees)**||
|**_Please complete if an ex-gratia payment is made._**||
|**Please explain the nature of the**
**payment**|Not applicable|
|||
|**Please state the legal authority or**
**reason for making the payment**|Not applicable|
|**Please state the amount of the payment**||
|**(or value of any waiver of a right to an**|Not applicable|
|**asset)**||
|**11.4 Redundancy payments**||
|**_Please complete if any redundancy or termination payment is made in the period._**||
|**Total amount of payment**|Not applicable|
|**The nature of the payment (cash, asset**
**etc.)**|Not applicable|
|||
|**The extent of redundancy funding at the**
**balance sheet date**|Not applicable|
|**Please state the accounting policy for**||
|**any redundancy or termination**|Not applicable|
|**payments**||
CC17a (Excel)
07/02/2022
17
**Section C Notes to the accounts (cont)**
**Note 12 Defined contribution pension scheme or defined benefit scheme accounted for as a defined contribution scheme.**
## _**12.1 Please complete this note if a defined contribution pension scheme is operated.**_
**Amount of contributions recognised in** Not applicable **the SOFA as an expense Please explain the basis for allocating the liability and expense of defined** All eligible employees were offered the new statutory workplace **contribution pension scheme between** pension. PUK opted to use NEST, however, all eligible employees **activities and between restricted and** opted out of the scheme. **unrestricted funds.**
## _**12.2 Please complete this section where the charity participates in a defined benefit pension plan but is unable to ascertain its share of the underlying assets and liabilities.**_
**Please confirm that altough the scheme is accounted for as a defined** Not applicable **contribution plan, it is a defined benefit plan. Please provide such information as is available about the plan's surplus or** Not applicable **deficit and the implications, if any, for the reporting charity**
## _**12.3 Please complete this section where the charity participates in a multi-employer defined benefit pension plan that is accounted for as a defined contribution plan.**_
**Describe the extent to which the charity can be liable to the plan for other entities' obligations under the terms** Not applicable **and conditions of the multi-employer plan**
CC17a (Excel)
07/02/2022
18
## **Section C Notes to the accounts (cont)**
## **Note 13 Grantmaking**
_**Please complete this note if the charity made any grants or donations which in aggregate form a material part of the charitable activities undertaken.**_
## **13.1 Analysis of grants paid (included in cost of charitable activities)**
|**. **|
|
|||
|---|---|---|---|---|
|**Analysis**|~~**Grants to**~~
**institutions**|~~**Grants to**~~
**individuals**|**Support costs**|**Total**|
|Activityorproject 1|Not applicable||**£**|**£**|
|Activityorproject 2|||-|-|
|Activityorproject 3|||-|-|
|Activityorproject 4|||-|-|
|**_Total_**|**-**|**-**|**-**|**-**|
## _**Please enter “Nil” if the charity does not identify and/or allocate support costs.**_
## **13.2 Grants made to institutions**
|**13.2 Grants made to institutions**|**13.2 Grants made to institutions**|||
|---|---|---|---|
|**_My charity has made grants to particular institutions that are_**
**_material in the context of its grantmaking. Details of the institution_**
**_supported, purpose of the grant and total paid to each institution is_**
**_available on the charity's web site._**|||**_Please provide_**
**_details of charity's_**
**_URL_**|
|||**_No_**|**_Provide details_**
**_below_**|
|||||
|**Names of institution**|**Purpose**||**Total amount of**
**grants paid £**|
|Not applicable|||-|
||||-|
||||-|
|**_TOTAL GRANTS PAID_**
**_Total grants to institutions in reporting period_**
**_Other unanalysed grants_**|||**-**|
||||-|
||||**-**|
CC17a (Excel)
07/02/2022
19
**Section C Notes to the accounts (cont)**
## **Note 14 Tangible fixed assets** _**Please complete this note if the charity has any tangible fixed assets**_ **14.1 Cost or valuation**
|At the beginning of
the year
Additions
Revaluations
Disposals
Transfers *
**At end of the year**|**Freehold land**
**& buildings**
**£**|**Other land &**
**buildings**
**£**|**Plant,**
**machinery and**
**motor vehicles**
**£**|
**Fixtures,**
**fittings and**
**equipment**
**£**|**Total**
**£**|
|---|---|---|---|---|---|
||-|-|29,285|25,265|54,550|
||-|-|-|1,265|1,265|
||-|-|-|-|-|
||-|-|-|-3,241|-3,241|
||-|-|-|-|-|
||**-**|**-**|**29,285**|**23,289**|**52,574**|
## **14.2 Depreciation and impairments**
|****Basis**
**** Rate**
At beginning of the
year
Disposals
Depreciation
Impairment
Transfers*
**At end of the year**
Net book value at the
beginning of the year
**Net book value at**
**the end of the year**
**14.3 Net book value**|SL|SL|SL|SL||Straight Line
("SL") or
Reducing
Balance
("RB")|
|---|---|---|---|---|---|---|
||||5 years / fully
depreciated|5 years|||
||- - 29,285 18,277 47,562
- - - -3,241-3,241
- - -2,230 2,230
- - - - -
- - - - -
**-- 29,285 17,266 46,551**
- - - 6,988 6,988
**- - - 6,023 6,023**||||||
||-|-|-|6,988|6,988||
||**-**|**-**|**-**|**6,023**|**6,023**||
## **14.4 Impairment**
_**Please provide a description of the events and circumstances that led to the recognition or**_ Not applicable _**reversal of an impairment loss.**_
CC17a (Excel)
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## **14.5 Revaluation**
_**If an accounting policy of revaluation is adopted, please provide: the effective date of the revaluation**_ Not applicablepplicablelicable
Not applicablepplicablelicable Not applicable Not applicable Not applicable
_**the name of independent valuer, if applicable the methods applied and significant assumptions the carrying amount that would have been recognised had the assets been carried under the cost model.**_
## **14.6 Other disclosures**
_**(i) Please state the amount of borrowing costs, if any, capitalised in the construction of tangible fixed assets and the capitalisation rate used. (ii) Please provide the amount of contractual commitments for the acquisition of tangible fixed assets. (iii) Details of the existence and carrying amounts of property, plant and equipment to which the charity has restricted title or that are pledged as security for liabilities.**_
None None None
_* The "transfers" row is for movements between fixed asset categories._
_** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also please indicate the rate of depreciation: for straight line, what is the anticipated life of the asset (in years); for reducing balance, what is the percentage annual deduction._
CC17a (Excel)
07/02/2022
21
**Section C Notes to the accounts (cont)**
## **Note 15 Intangible assets** _**Please complete this note if the charity has any intangible assets**_
## **15.1 Cost or valuation**
|At beginning of the
year
Additions
Disposals
Revaluations
Transfers *
**At end of the year**|**Research &**
**development**
**£**|**Patents and**
**trademarks**
**£**|**Other**
**£**|**Total**
**£**|
|---|---|---|---|---|
||-|-|-|-|
||-|-|-|-|
||-|-|-|-|
||-|-|-|-|
||-|-|-|-|
||**-**|**-**|**-**|**-**|
## **15.2 Amortisation and impairments**
|****Basis**
**** Rate**
At beginning of the
year
Disposals
Amortisation
Impairment
Transfers*
**At end of year**
Nat book value at the
beginning of the year
**Net book value at**
**the end of the year**
**15.3 Net book value**|||||Straight Line
("SL") or
Reducing
Balance
("RB")|
|---|---|---|---|---|---|
|||||||
||- - - -
- - - -
- - - -
- - - -
- - - -
**----**
- - - -
**- - - -**|||||
||-|-|-|-||
||**-**|**-**|**-**|**-**||
**15.4 Accounting policy** _**Please disclose the accounting policy for intangible fixed assets including: Reasons for choosing**_ Not applicable _**amortisation rates Policies for the recognition of any**_ Not applicable _**capital development**_
## **15.5 Impairment**
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_**Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.**_
Not applicable
## **15.6 Revaluation**
_**If an accounting policy of revaluation is adopted, please provide: the effective date of the revaluation**_ Not applicableot applicablet applicableapplicablelicablecablelee
Not applicableot applicablet applicableapplicablelicablecablelee Not applicable Not applicable Not applicable
_**the name of independent valuer, if applicable the methods applied the carrying amount that would have been recognised had the assets been carried under the cost model.**_
## **15.7 Other disclosures**
_**(i) If your intangible asset was acquired by way of grant, provide value on initial recognition and carrying amount of the asset.**_
_**(ii) Details of the carrying amounts of any intangible assets to which the charity has restricted title or that are pledged as security for liabilities.**_
_**(iii) Please provide the amount of contractual commitments for the acquisition of intangible assets.**_
_**(iv) State the amount of research and development expenditure recognised as expenditure in the year.**_
_**(vi) Please detail the headings in the SOFA in which a charge for amortisation of intangible assets is included.**_
_**(vii) For any material intangible assets, please provide a description, its carrying amount and any remaining amortisation period.**_
Not applicable Not applicable Not applicable Not applicable Not applicable Not applicable
- _The "transfers" row is for movements between fixed asset categories._
_** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also please indicate the rate of depreciation: for straight line, what is the anticipated life of the asset (in years); for reducing balance, what is the percentage annual deduction._
CC17a (Excel)
07/02/2022
23
**Section C Notes to the accounts (cont)**
## **Note 16 Heritage assets** _**Please complete this note if the charity has heritage assets**_
## **16.1 General disclosures for all charities holding heritage assets**
## **(i) Explain the nature and scale of heritage assets held.**
Not applicable
## **(ii) Explain the policy for the acquisition, preservation, management and disposal of heritage assets.**
## **16.2 Cost or valuation**
|**16.2 Cost or valuation**|||||||
|---|---|---|---|---|---|---|
|At beginning of the year
Additions
Disposals
Revaluations
Transfers *
**At end of the year**
****Basis**
**** Rate**
At beginning of the year
Disposals
Depreciation
Impairment
Transfers*
**At end of year**
Nat book value at the beginning of the
year
**Net book value at the end of the year**
**16.3 Depreciation and impairments**
**16.4 Net book value**|**Heritage asset**
**1**
**£**|
**Heritage asset**
**2**
**£**|
**Heritage asset**
**3**
**£**|
**Heritage asset**
**4**
**£**|
**Total**
**£**||
||-|-|-|-|-||
||-|-|-|-|-||
||-|-|-|-|-||
||-|-|-|-|-||
||-|-|-|-|-||
||**-**|**-**|**-**|**-**|**-**||
|||||||Straight Line
("SL") or
Reducing
Balance|
||||||||
||- - - - -
- - - - -
- - - - -
- - - - -
- - - - -
**-----**
- - - - -
**- - - - -**||||||
||-|-|-|-|-||
||**-**|**-**|**-**|**-**|**-**||
## **16.5 Impairment**
_**Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.**_
## **16.6 Revaluation**
_**If an accounting policy of revaluation is adopted, please provide: the effective date of the revaluation**_
_**the name of independent valuer, if applicable qualifications of independent valuer the methods applied and significant assumptions any significant limitations on the valuation**_
CC17a (Excel)
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## **16.7 Analysis of heritage assets by class or group distinguishing those at cost and those at valuation**
|Additions
Disposals
Depreciation/impairment
Revaluation
Carrying amount at the end of period
Carrying amount at the beginning of the period|**At valuation**
**Group A**
£|**At cost Group**
**B**
£|**Total**
£|
|---|---|---|---|
||-|-|-|
||-|-|-|
||-|-|-|
||-|-|-|
||-|-|-|
||-|-|-|
## **16.8 Heritage assets (where heritage assets are not recoignised on the balance sheet)**
**(i) Explain the reason why heritage assets have not been recognised on the balance sheet.**
**(ii) Describe the significance and nature of heritage assets.**
**(iii) Disclose information that is helpful in assessing the value of heritage assets.**
**(iv) Explain the reason why it is not practicable to obtain a valuation of heritage assets.**
Not applicable Not applicable Not applicable Not applicable
## **16.9 Five year summary of heritage assets transactions**
|**Purchases**
Group A
Group B
Group C
Other
**Donations**
Group A
Group B
Group C
Other
**Total additions**
**Charge for impairment**
Group A
Group B
Group C
Other
**Total charge for impairment**
**Disposals**
Group A - carrying amount
Group B - carrying amount
Group C
Other
**Total disposals**|**2015**|**2014**|**2013**|**2012**|**2011**|
|---|---|---|---|---|---|
||**£**|**£**|**£**|**£**|**£**|
|||||||
||-|-|-|-|-|
||-|-|-|-|-|
||-|||||
||-|||||
|||||||
||-|-|-|-|-|
||-|-|-|-|-|
||-|-|-|-|-|
||-|-|-|-|-|
||**-**|**-**|**-**|**-**|**-**|
|||||||
|||||||
||-|-|-|-|-|
||-|-|-|-|-|
||-|-|-|-|-|
||-|-|-|-|-|
||**-**|**-**|**-**|**-**|**-**|
|||||||
|||||||
||-|-|-|-|-|
||-|-|-|-|-|
||-|-|-|-|-|
||-|-|-|-|-|
||**-**|**-**|**-**|**-**|**-**|
CC17a (Excel)
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25
**Section C Notes to the accounts (cont)**
## **Note 17 Investment assets**
## _**Please complete this note if the charity has any investment assets.**_
## **17.1 Fixed assets investments (please provide for each class of investment)**
|Carrying (fair) value at beginning of
period
**Add:**additions to investments during
period*
**Less:**disposals at carrying value
**Less: impairments**
**Add: Reversal of impairments**
**Add/(deduct):**transfer in/(out) in the
period
**Add/(deduct):**net gain/(loss) on
revaluation
**Carrying (fair) value at end of year**|**Cash & cash**
**equivalents**|
**Listed**
**investments**|**Investment**
**properties**|**Social**
**investments**|**Other**|**Total**|
|---|---|---|---|---|---|---|
||-|-|-|-|-|-|
||-|-|-|-|-|-|
||-|-|-|-|-|-|
||-|-|-|-|-|-|
||-|-|-|-|-|-|
||-|-|-|-|-|-|
||-|-|-|-|-|-|
||**-**|**-**|**-**|**-**|**-**|**-**|
***Please specify additions resulting from acquisitions through business combinations, if** Not applicable **any.**
_**Please note that Fair Value in this context is the amount for which an asset could be exchanged between knowlegable and willing parties in an arm's length transaction. For traded securities, the fair value is the value of the security quoted on the London Stock Exchange Daily Official List or equivalent. For other assets where there is no market price on a traded market, it is the trustees' or valuers' best estimate of fair value.**_
## **17.2 Please provide a breakdown of investments shown above agreeing with the balance sheet row B04 differentiating between those held at fair value and those held at cost less impairment.**
## **Analysis of investments**
|**Analysis of investments**|||
|---|---|---|
|
**Cash or cash equivalents**
**Investment properties**
**Grand total (Fair value at year end+Cost less impairment)**
**Total**
**Social investments**
**Other investments**
**Listed investments**|**Fair value at year end £**|**Cost less impairment £**|
||-|-|
||-|-|
||-|-|
||-|-|
||-|-|
||**-**|**-**|
||||
## **17.3 If your charity holds investment properties, please complete the following note:**
**(i) Explain the methods and significant assumptions in determining the fair value of investment property held by the charity**
**(ii) Name or independent valuer, if applicable, and relevant qualifications**
**(iii) Provide details of any restrictions on the ability to realise investment property or on the remittance of income or disposal proceeds (iv) Explain any contractual obligations for the purchase, construction or development of investment property or for repairs, maintenance or enhancements**
Not applicable Not applicable Not applicable Not applicable
CC17a (Excel)
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## **17.4 Please provide a breakdown of current asset investments, if applicable, agreeing with the balance sheet.**
|**Cash or cash equivalents**
**Investment properties**
**17.5 Guarantees**
**Amount of concessionary loans made (****_Multiple_**
**_loans made may be disclosed in aggregate provided_**
**_that such aggregation does not obsure significant_**
**_information_ ).**
**Please explain how the guarantee furthers the**
**charity's aims**
**17.6 Concessionary loans**
**Other investments**
**Total**
**Social investments**
**Listed investments**
**Amounts receivable after more than 1 year**
**Amounts payable after more than 1 year**
**Amounts receivable within 1 year**
**Value of any concessionary loans which have**
**been committed but not taken up at the reporting**
**date**
**Please provide details and amount of any**
**guarantee made to or on behalf of a third party**
**Name of the entity or entities benefitting from**
**those guarantees**
**Amounts payable within 1 year**
**Terms and conditions eg interest rate, security**
**provided**
**Amount of concessionary loans received****_(Multiple_**
**_loans received may be disclosed in aggregate_**
**_provided that such aggregation does not obsure_**
**_significant information)._**
**Analysis of current asset investments**||**Thisyear £**|**Lastyear £**|**Lastyear £**|**Lastyear £**|
|---|---|---|---|---|---|
|||-|-|||
|||-|-|||
|||-|-|||
|||-|-|||
|||-|-|||
|||**-**|**-**|||
||Not applicable|||||
||Not applicable|||||
||Not applicable|||||
||**_Description_**|||**Thisyear £**|**Lastyear £**|
||Not applicable|||||
|||||||
||**_Total_**|||||
|||||||
||**_Description_**
|||**Thisyear £**|**Lastyear £**|
||
Not applicable|||||
|||||||
||**_Total _**|||||
|||||||
||Not applicable|||||
||Not applicable|||||
||Not applicable|||||
||Not applicable|||||
||Not applicable|||||
||Not applicable|||||
## **17.7 Additional information**
**Please provide information about the significance of investments to the charity's financial position or performance eg. terms and conditions of loans or the use of hedging to manage financial risk.**
Not applicable Not applicable Not applicable
**For all investments measured at fair value, the basis for determining the value, including any assumptions applied when using a valuation technique.**
**Where a charity has provided financial assets as a form of security, the carrying amount of the financial asset pledged as security and the terms and conditions relating to its pledge.**
CC17a (Excel)
07/02/2022
27
**Section C Notes to the accounts (cont)**
## **Note 18 Stocks** _**Please complete this note if the charity holds any stock items**_
## **18.1 Please state the carrying amount of stock and work in progress analysed between activities.**
|**Charitable activities:**
**_Opening_**
**_Added in period_**
**_Expensed in period_**
**_Impaired_**
**_Closing_**
**Other trading activities:**
**_Opening_**
**_Added in period_**
**_Expensed in period_**
**_Impaired_**
**_Closing_**
**Other:**
**_Opening_**
**_Added in period_**
**_Expensed in period_**
**_Impaired_**
**_Closing_**
**Total this year**
**_Total previous year_**|**Stock**|**Stock**|**Donated goods**|**Donated goods**|**Work in**
**progress**|
|---|---|---|---|---|---|
||**For**
**distribution**|**For resale**|**For**
**distribution**
|**For resale**
||
||**£**|**£**|**£**|**£**|**£**|
|||||||
||-|-|-|-|-|
||-|-|-|-|-|
||-|-|-|-|-|
||-|-|-|-|-|
||**-**|**-**|**-**|**-**|**-**|
|||||||
|||||||
||-|12,530|-|-|-|
||-|13,116|-|-|-|
||-|-12,155|-|-|-|
||-|-217|-|-|-|
||**-**|**13,274**|**-**|**-**|**-**|
|||||||
|||||||
||-|-|-|-|-|
||-|-|-|-|-|
||-|-|-|-|-|
||-|-|-|-|-|
||**-**|**-**|**-**|**-**|**-**|
||**-**|**13,274**|**-**|**-**|**-**|
||-|12,530|-|-|-|
**18.2 Please specify the carrying amount of any stocks pledged as security for liabilities**
Not applicable
CC17a (Excel)
07/02/2022
28
## **Section C Notes to the accounts (cont)**
## **Note 19 Debtors and prepayments**
## _**Please complete this note if the charity has any debtors or prepayments.**_
|**Note 19 Debtors and prepayments**
**_Please complete this note if the charity has any debtors or prepayments._**||||
|---|---|---|---|
|**19.1 Analysis of debtors**
**Trade debtors**
**Prepayments and accrued income**
**Other debtors**
**Total **|**This year**
**£**|**Last year**
**£**||
||477|122||
||836|2,049||
||-|-||
||**1,313**|**2,171**||
_**Please complete 19.2 where a material debtor is recoverable more than a year after the reporting date.**_
## **19.2 Analysis of debtors recoverable in more than 1 year (included in debtors above)**
|**Trade debtors**
**Prepayments and accrued income**
**Other debtors**
**Total **|**This year**
**£**|**Last year**
**£**||
|---|---|---|---|
||-|-||
||-|-||
||-|-||
||-|-||
||**-**|**-**||
CC17a (Excel)
07/02/2022
29
## **Section C Notes to the accounts (cont)**
## **Note 20 Creditors and accruals**
## _**Please complete this note if the charity has any creditors or accruals.**_
## **20.1 Analysis of creditors**
|
**Accruals for grants payable**
**Bank loans and overdrafts**
**Trade creditors**
**Payments received on account for contracts or**
**performance-related grants**
**Accruals and deferred income**
**Taxation and social security**
**Other creditors**
**Total **|**Amounts falling due**
**within oneyear**|**Amounts falling due**
**within oneyear**|**Amounts falling due after**
**more than oneyear**|**Amounts falling due after**
**more than oneyear**|
|---|---|---|---|---|
||**This year**
**£**|**Last year**
**£**|**This year**
**£**|**Last year**
**£**|
||-|-|-|-|
||-|-|-|-|
||338|60|-|-|
||-|-|-|-|
||1,874|842|-|-|
||720|678|-|-|
||-|-|-|-|
||**2,932**|**1,580**|**-**|**-**|
## **20.2 Deferred income**
## _**Please complete this note if the charity has deferred income.**_
## _**Please explain the reasons why income is deferred.**_
During the Financial Year, bookings and payments to attend the Precept Bible School during 2022 (i.e. the next Financial Year) were received so are carried on the Balance Sheet to next Financial Year.
|**_Movement in deferred income account_**
**Balance at the start of the reporting period**
**Amounts added in current period**
**Amounts released to income from previous periods**
**Balance at the end of the reporting period**|**This year**
**£**|**Last year**
**£**|
|---|---|---|
||-|-|
||1,322|210|
||-|-|
||**1,322**|**210**|
CC17a (Excel)
07/02/2022
30
## **Section C Notes to the accounts (cont)**
## **Note 21 Provisions for liabilities and charges**
_**Please complete this note if you have included in charity expenditure any provisions. A provision is made when the charity has a liability of uncertain timing or amount.**_
**21.1 Please provide: - a brief description of any obligations on the balance sheet and the expected amount and timing of resulting payments;**
**balance sheet and the expected amount and timing** Not applicable **of resulting payments; - an indication of the uncertainties about the amount** Not applicable **or timing of those outflows; and - the amount of any expected reimbursement, stating the amount of any asset that has been recognised for** Not applicable **that expected reimbursement.**
## **21.2 Movements in recognised provisions and funding commitment during the period**
**This year Last year £ £ Balance at the start of the reporting period** - - **Amounts added in current period** - - **Amounts charged against the provision in the current period** - - **Unused amounts reversed during the period** - - **Balance at the end of the reporting period - - 21.3 For any funding commitment that is not recognised as a liability or provision, provide details of commitment made, the time frame of that commitment, any performance-related conditions** Not applicable **and details of how the commitment will be funded (with contracts for capital expenditure separately identified). 21.4 Where unrestricted funds have been designated to a fund commitment, please disclose the nature of** Not applicable
**21.4 Where unrestricted funds have been designated to a fund commitment, please disclose the nature of any amounts designated and the likely timing of that expenditure.**
CC17a (Excel)
07/02/2022
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## **Section C Notes to the accounts (cont)**
## **Note 22 Other disclosures for debtors, creditors and other basic financial instruments**
**22.1 Please provide information about the significance of financial instruments (eg. debtors, creditors, investments etc) to the charity's financial position or performance, for example, the terms and conditions of loans or the use of hedging to manage financial risk.**
**22.2 If the charity has provided financial assets as a form of security, the carrying amount of the financial assets pledged as security and the terms and conitions related to its pledge should be given here.**
DEBTORS: The Prepayments figure relates to a carry forward of a voucher. CREDITORS: The Accruals and Deferred Income figure is due to (1) pre-sales for the Precept Bible School where income is deferred to next Financial Year and; (2) bills due to be paid which hadn't been received by the end of the Financial Year. Not applicable
CC17a (Excel)
07/02/2022
32
## **Section C Notes to the accounts (cont)**
## **Note 23 Contingent liabilities and contingent assets**
## **23.1 Contingent liabilities**
**Where the charity has contingent liabililities, please complete the following section unless the possibility of their existence is remote.**
|**of their existence is remote.**||
|---|---|
|**Description of item including its legal nature. Please**
**describe any security provided in connection to the**
**liability.**|
**Estimate of financial effect**|
|Not applicable||
|||
|||
|||
## **23.2 Contingent assets**
## **Where the charity has contingent assets, please complete the following section when their existence is probable**
|**23.2 Contingent assets**
**Where the charity has contingent assets, please complete the following section when their existence is**
**probable**|**23.2 Contingent assets**
**Where the charity has contingent assets, please complete the following section when their existence is**
**probable**|
|---|---|
|**Description of item**
**Estimate of financial effect**||
|
Not applicable||
|||
|||
|||
|**Explain any uncertainties relating to the amount or**
**timing of settlement; and the possibilty of any**
**reimbursement**
**Where it is not practical to make one or more of**
**these disclosures, please state this fact**
Not applicable
Not applicable
**Please provide the following information where practicable:**
**23.4 Other disclosures for contingent assets and/or liabilities**||
||Not applicable|
||Not applicable|
CC17a (Excel)
07/02/2022
33
## **Section C Notes to the accounts (cont)**
## **Note 24 Cash at bank and in hand**
|**Note 24 Cash at bank and in hand**|||
|---|---|---|
|**Other**
**Cash at bank and on hand**
**Total**
**Short term cash investments (less than 3 months maturity date)**
**Short term deposits**|**This year**
**£**|**Last year**
**£**|
||-|-|
||-|-|
||55,075|47,316|
||-|-|
||**55,075**|**47,316**|
CC17a (Excel)
07/02/2022
34
**Section C Notes to the accounts (cont)**
## **Note 25 Fair value of assets and liabilities**
**25.1 Please provide details of the charity's exposure to credit risk (the risk of incurring a loss due to a debtor not paying what is owed) , liquidity risk (the risk of not being able to meet short term financial demands) and market risk (the risk that the value of an investment will fall due to changes in the market) arising from financial instruments to which the charity is exposed at the end of the reporting period and explain how the charity manages those risks.**
Exposure is very low. Most people pay (e.g. for resources) at point of sale. Credit is extended to only a few customers who are well known to the Ministry.
Liquidity risk is low and the Charity meets its target for maintaining 3 months-worth of operating resources. If there was a liquidity problem, Precept International may well step in to help out.
There is no market risk.
**25.2 Please give details of the amount of change in the fair value of basic financial instruments (debtors, creditors, investments (see section 11, FRS 102 SORP)) measured at fair value through the SoFA that is attributable to changes in credit risk.**
None
CC17a (Excel)
07/02/2022
35
**Section C Notes to the accounts (cont)**
**Note 26 Events after the end of the reporting period**
_**Please complete this note where events (not requiring adjustment to the accounts) have occurred after the end of the reporting period but before the accounts are authorised which relate to conditions that arose after the end of the reporting period.**_
**Please provide details of the nature of the event Provide an estimate of the financial effect of the event or a statement that such an estimate cannot be made**
Not applicable Not applicable
CC17a (Excel)
07/02/2022
36
**Section C Notes to the accounts**
## **Note 27 Charity funds**
**27.1 Details of material funds held and movements during the CURRENT reporting period** _**Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds'. The 'Total funds' figure below should reconcile to 'Total funds' in the Balance Sheet.**_
## _*** Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds**_
|**Fund names**|**Type**
**PE, EE**
**R or UR**
*****|
**Purpose and**
**Restrictions**|**Fund**
**balances**
**brought**
**forward**
**£**|**Income**
**£**|**Expenditure**
**£**|**Transfers**
**£**|**Gains**
**and**
**losses**
**£**|**Fund**
**balances**
**carried**
**forward**
**£**|
|---|---|---|---|---|---|---|---|---|
||||-|-|-|-|-|-|
|Reserves|U|Normal Ministry
activities
(unrestricted)|67,425|5,329|-|-|-|72,754|
||||||||||
|**Total Funds**|||**67,425**|**5,329**|**-**|**-**|**-**|**72,754**|
CC17a (Excel)
07/02/2022
37
**Section C Notes to the accounts**
## **Note 27 Charity funds (cont)**
## **27.2 Details of material funds held and movements during the PREVIOUS reporting period**
_**Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds'. The 'Total funds' figure below should reconcile to 'Total funds' in the Balance Sheet.**_
## _*** Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds**_
|**Fund names**|**Type**
**PE, EE**
**R or UR**
*****|
**Purpose and**
**Restrictions**|**Fund**
**balances**
**brought**
**forward**
**£**|**Income**
**£**|**Expenditure**
**£**|**Transfers**
**£**|**Gains**
**and**
**losses**
**£**|**Fund**
**balances**
**carried**
**forward**
**£**|
|---|---|---|---|---|---|---|---|---|
|New IT System /
Office Machinery|R|Funds specifically
raised for the new IT
system|
-|-|-|-|-|-|
|Reserves|U|Normal Ministry
activities
(unrestricted)|50,146|17,279|-|-|-|67,425|
||||||||||
|**Total Funds**|||**50,146**|**17,279**|**-**|**-**|**-**|**67,425**|
CC17a (Excel)
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**Section C Notes to the accounts (cont)**
## **Note 27 Charity funds (cont)**
## **27.3 Transfers between funds**
||**Reason for transfer and where endowment is**
**converted to income, legal power for its**
**conversion**|**Amount**|
|---|---|---|
|Between unrestricted and
restricted funds|None||
|Between endowment and
restricted funds|None||
|Between endowment and
unrestricted funds|None||
|**27.4 Designated funds**|||
|**Planned use**|**Purpose of the designation**|**Amount**|
|Not applicable|||
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**Section C Notes to the accounts (cont)**
## **Note 28 Transactions with trustees and related parties**
_**If the charity has any transactions with related parties (other than the trustee expenses explained in guidance notes) details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box or "False" if there are transactions to report.**_
## **28.1 Trustee remuneration and benefits**
**None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)**
TRUE
_**In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee by the charity or any institution or company connected with it.**_
|**Name of Trustee**|**Legal authority (eg**
**order, governing**
**document)**|**Amounts paid or benefit value**|**Amounts paid or benefit value**|**Amounts paid or benefit value**|**Amounts paid or benefit value**|**Amounts paid or benefit value**|
|---|---|---|---|---|---|---|
|||
**This year**||||**Last year**|
|||**Remuneration**|**Pension**
**contribution**
|**Redundancy**
**(including**
**loss of**
**office)/ex**
~~**gratia**~~
|**Other**|
**TOTAL**|
|||**£**|**£**|**£**|**£**|**£**|
|None|||||||
||||||||
|**_Please give details of why remuneration or other_**
**_employment benefits were paid._**
**_Where an ex gratia payment has been made to a trustee,_**
**_provide an explanation of the nature of the payment._**|||||||
|||Not applicable|||||
|||Not applicable|||||
## **28.2 Trustees' expenses**
_**If the charity has paid trustees expenses for fulfilling their duties, details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box below. If there are transactions to report, please enter "False".**_
|**No trustee expenses have been incurred (True or False)**|||FALSE|
|---|---|---|---|
|||||
|**Type of Expenses Reimbursed**||**This year**|**Last year**|
|||**£**|**£**|
|**Travel**||0|0|
|**Subsistence**||0|111|
|**Accommodation**||0|0|
|**Other (please specify):**||||
||**TOTAL**|**-**|
**111**|
|**Please provide the number of trustees reimbursed for**
**expenses or who had expenses paid by the charity**||||
||None|||
## **28.3 Transaction(s) with related parties**
_**Please give details of any transaction undertaken by (or on behalf of) the charity in which a related party has a material interest, including where funds have been held as agent for related parties. If there are no such transactions, please enter 'true' in the box provided.**_
|**There have been no related party transactions in the reporting period (True or False)**|**There have been no related party transactions in the reporting period (True or False)**|**There have been no related party transactions in the reporting period (True or False)**|**There have been no related party transactions in the reporting period (True or False)**|**There have been no related party transactions in the reporting period (True or False)**|**There have been no related party transactions in the reporting period (True or False)**|TRUE|TRUE|
|---|---|---|---|---|---|---|---|
|||||||||
|**Name of the Trustee**
**or related party**|**Relationship**
**to charity**|**Description of the**
**transaction(s)**|**Amount**|**Balance at**
**period end**|**Provision for bad debts**
**at period end**||**Amounts**
**written off**
**during**
**reporting**
**period**
|
||||**£**|**£**|**£**||**£**|
|||||||||
|||||||||
_**In relation to the transactions above, please provide the terms and conditions, including any security and the nature of any payment (consideration) to be provided in settlement.**_[Not applicable]
_**For any related party, please provide details of any guarantees given or received.**_
Not applicable
CC17a (Excel)
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**Section C Notes to the accounts (cont)**
## **Note 29 Additional Disclosures**
**The following are significant matters which are not covered in other notes and need to be included to provide a proper understanding of the accounts. If there is insufficient room here, please add a separate sheet.**
Mr Nigel Watts is the Chair of Trustees for Precept UK (PUK) and is a voluntary PUK National Director.
During the Financial Year 1 Dec 2020 to 30 Nov 2021 (FY20/21), Mr Nigel Watts was also acting on behalf of Precept International (PMI) based in Chattanooga Tennessee USA and he received remuneration from them which was not part of PUK funding (PMI is a separate entity under American Law). Under his remit, he has responsibility and oversight for the Precept Ireland and Precept Scotland offices on behalf of Precept International (PMI).
As part of his duties Mr Nigel Watts was allocated a Budget by PMI in the furtherance of PMI's Vision and Objectives (which are also shared with PUK). Expenditure on behalf of Mr Watts' various activities was paid for by PUK and held on the Balance Sheet as a DEBTOR. Full refunds of all costs incurred were made quarterly by PMI and were supported by clear audit trails of costs incurred. At the end of this Financial Year, PMI had refunded back more than was required, so this surplus amount is transferred to next Financial Year on the Balance Sheet (the amount is not material to the Accounts).
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CHARITY COMMISSION
FOR ENGLAND AND WALES
Independent examiner's report on the
accounts
Section A
Independent Examiner's Report
Report to the trusteesl
members of
PRECEPT MINISTRIES UK
On accounts for the year
ended
30 NOVEMBER 2021
Charity no
(if any}
1072938
Set out on pages
1T041
I report to the trustees on my examination of the accounts of the above
charity I'the Trust"} for the year ended 3011112021.
Responsibilities and
basis of report
As the Gharity's trustees, you are responsible for the preparation of the
accounts in accordance with the requirements of the Charities Act 2011
{"the Act").
I report in respect of my examinatian of the Trust's accounts carried out
under section 145 of the 2011 Act and in carrying out my examination, I
have followed all the applicable Directions given by the Charity Commission
under section 145151{b) of the Act.
Independent I have completed my examination. I confirm that no rnaterial matters have
examiner's statement come to my attention in connection with the examination which gives me
cause to believe that in, any material respect..
the accounling records were not kept in accordance with section 130
of the Charities Act., or
the accounts did not accord with the accounting records., or
the accounts did not comply with the applicable requirements
conceming the form and content of accounts sel out in the Charities
(Accounts and Reports) Regulations 2008 other than any requirement
that the accounts give a 'true and fair, view which is not a matter
considered as part of an independent examination.
I have no concerns and have come across no other matter5 in connection
with the examination to which attention should be drawn in this report in
order to enable a proper understanding of the accounts lo be reached.
Signed:
Date:
30 MARCH 2022
Name:
ERICA PARKER
Relevant professional
qualificationlsl or body
(if any}:
FCCA
Address:
CLIFFORD FRY & CO
ST MARY'S HOUSE
NETHERHAMPTON, SALISBURY. SP2 8PU