REGISTERED CHARITY NUMBER: 1079424
REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022 FOR PAROLE DE FOI
Appiatse & Associates Chartered Certified Accountants 191 Waltham Way Chingford London E4 8AG
PAROLE DE FOI
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
| Page | |
|---|---|
| Report of the Trustees | 1 |
| Independent Examiner's Report | 2 |
| Statement of Financial Activities | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 5 to 8 |
| Detailed Statement of Financial Activities | 9 |
PAROLE DE FOI
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022
The trustees present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' issued in March 2005.
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1079424
Principal address
Flat 12 Broomfield House Massinger Street London SE17 1SY
Trustees
Pastor M K Doue P K Zoucouba S R Akichi
Independent examiner
Appiatse & Associates Chartered Certified Accountants 191 Waltham Way Chingford London E4 8AG
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
Approved by order of the board of trustees on 8 April 2022 and signed on its behalf by:
Pastor M K Doue - Trustee
Page 1
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PAROLE DE FOI
I report on the accounts for the year ended 31 March 2022, which are set out on pages three to eight.
Responsibilities and basis of report
As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I have examined your charity's accounts as required under section 145 of the Charities Act 2011 ('the Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
My role is to state whether any material matters have come to my attention giving me cause to believe:
-
that accounting records were not kept as required by section 130 of the Act; or
-
that the accounts do not accord with those records; or
-
that the accounts do not comply with the accounting requirements of the Act; or
-
that there is further information needed for a proper understanding of the accounts.
Independent examiner's statement
I have completed my examination and have no concerns in respect of the matters (1) to (4) listed above and, in connection with following the Directions of the Charity Commission I have found no matters that require drawing to your attention.
Ekow Appiatse Appiatse & Associates Chartered Certified Accountants 191 Waltham Way Chingford London E4 8AG
Date: .............................................
Page 2
PAROLE DE FOI
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022
| 31.3.22 Unrestricted fund Notes £ INCOMING RESOURCES Incoming resources from generated funds Voluntary income 101,665 RESOURCES EXPENDED Costs of generating funds Costs of generating voluntary income 73,315 Charitable activities Charitable services 950 Other resources expended 30,897 Total resources expended 105,162 NET INCOMING/(OUTGOING) RESOURCES (3,497) RECONCILIATION OF FUNDS Total funds brought forward 89,810 TOTAL FUNDS CARRIED FORWARD 86,313 |
31.3.21 Total funds £ 154,566 96,720 4,830 64,814 166,364 (11,798) 101,608 89,810 |
|---|---|
The notes form part of these financial statements
Page 3
PAROLE DE FOI
BALANCE SHEET AT 31 MARCH 2022
| 31.3.22 Unrestricted fund Notes £ FIXED ASSETS Tangible assets 4 733 CURRENT ASSETS Debtors 5 51,610 Prepayments and accrued income 23,930 Cash at bank 33,883 109,423 CREDITORS Amounts falling due within one year 6 (23,843) NET CURRENT ASSETS 85,580 TOTAL ASSETS LESS CURRENT LIABILITIES 86,313 NET ASSETS 86,313 FUNDS 7 Unrestricted funds 86,313 TOTAL FUNDS 86,313 |
31.3.21 Total funds £ 1,332 54,610 23,930 36,738 115,278 (26,800) 88,478 89,810 89,810 89,810 89,810 |
|---|---|
The financial statements were approved by the Board of Trustees on 8 April 2022 and were signed on its behalf by:
Pastor M K Doue -Trustee
The notes form part of these financial statements
Page 4
PAROLE DE FOI
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022
1. ACCOUNTING POLICIES
Accounting convention
The financial statements have been prepared under the historical cost convention, and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), the Charities Act 2011 and the requirements of the Statement of Recommended Practice, Accounting and Reporting by Charities.
Incoming resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 20% on cost Fixtures and fittings - 20% on cost Motor vehicles - 20% on cost
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the Statement of Financial Activities on a straight line basis over the period of the lease.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 March 2022 nor for the year ended 31 March 2021 .
Trustees' expenses
There were no trustees' expenses paid for the year ended 31 March 2022 nor for the year ended 31 March 2021 .
Page 5
PAROLE DE FOI
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2022
3. STAFF COSTS
| 31.3.22 £ Wages and salaries 31,934 Other pension costs 1,212 33,146 The average monthly number of employees during the year was as follows: 31.3.22 Pastors 3 No employees received emoluments in excess of £60,000. 4. TANGIBLE FIXED ASSETS Plant and Fixtures and Motor machinery fittings vehicles £ £ £ COST At 1 April 2021 and 31 March 2022 10,987 20,568 9,000 DEPRECIATION At 1 April 2021 9,879 20,344 9,000 Charge for year 377 222 - At 31 March 2022 10,256 20,566 9,000 NET BOOK VALUE At 31 March 2022 731 2 - At 31 March 2021 1,108 224 - 5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.22 £ Other debtors 51,610 6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.3.22 £ Bank loans and overdrafts 22,043 Other creditors 1,800 23,843 |
31.3.21 £ 48,685 1,212 |
|---|---|
| 49,897 | |
| 31.3.21 3 Totals £ 40,555 |
|
| 39,223 599 |
|
| 39,822 | |
| 733 | |
| 1,332 | |
| 31.3.21 £ 54,610 |
|
| 31.3.21 £ 25,000 1,800 |
|
| 26,800 |
Page 6
PAROLE DE FOI
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2022
7. MOVEMENT IN FUNDS
| Net | ||||
|---|---|---|---|---|
| movement in | ||||
| At 1.4.21 | funds | At 31.3.22 | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 89,810 | (3,497) | 86,313 | |
| TOTAL FUNDS | 89,810 | (3,497) | 86,313 | |
| Net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement in | ||
| resources | expended | funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 101,665 | (105,162) | (3,497) | |
| TOTAL FUNDS | 101,665 | (105,162) | (3,497) | |
| Comparatives for movement in funds | ||||
| Net | ||||
| movement in | ||||
| At 1.4.20 | funds | At 31.3.21 | ||
| £ | £ | £ | ||
| Unrestricted Funds | ||||
| General fund | 101,608 | (11,798) | 89,810 | |
| TOTAL FUNDS | 101,608 | (11,798) | 89,810 | |
| Comparative net movement in funds, included in the above are as follows: | ||||
| Incoming | Resources | Movement in | ||
| resources | expended | funds | ||
| £ | £ | £ | ||
| Unrestricted funds | ||||
| General fund | 154,566 | (166,364) | (11,798) | |
| TOTAL FUNDS | 154,566 | (166,364) | (11,798) | |
Page 7
PAROLE DE FOI
NOTES TO THE FINANCIAL STATEMENTS - CONTINUED FOR THE YEAR ENDED 31 MARCH 2022
7. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Net | |||
|---|---|---|---|
| movement in | |||
| At 1.4.20 | funds | At 31.3.22 | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 101,608 | (15,295) | 86,313 |
| TOTAL FUNDS | 101,608 | (15,295) | 86,313 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement in | |
|---|---|---|---|
| resources | expended | funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 256,231 | (271,526) | (15,295) |
| TOTAL FUNDS | 256,231 | (271,526) | (15,295) |
Page 8
PAROLE DE FOI
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022
| INCOMING RESOURCES Voluntary income Offerings & Donations Gift aid Grants Total incoming resources RESOURCES EXPENDED Costs of generating voluntary income Ministers' salaries Pensions Outreach ministry Musicians Charitable activities Bereavement / Welfare care Other resources expended Rent Telephone Sundry expenses Transportation Consultancy fees Plant and machinery Fixtures and fittings Support costs Other 4 Accountancy and legal fees Total resources expended Net expenditure |
31.3.22 £ 68,028 31,167 2,470 101,665 101,665 31,934 1,212 40,169 - 73,315 950 21,728 243 42 2,120 4,165 377 222 28,897 2,000 105,162 (3,497) |
31.3.21 £ 96,189 37,327 21,050 154,566 154,566 48,685 1,212 45,037 1,786 96,720 4,830 56,630 264 199 1,722 3,600 377 222 63,014 1,800 166,364 (11,798) |
|---|---|---|
This page does not form part of the statutory financial statements
Page 9