2021-03-31-accounts - Philadelphia Church International

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Trustee's Report
Statement oftrustees'	responsibilities
Accountants' report
Statement ofFinancial		Activities
Income and Expenditure		account	10
Recognised Gains and	Losses
Movements in Accumulated Funds			12
Balance sheet			13
Notes to the accounts			14
Detailed Statement ofFinancial Activities			18

			Unrestricted	Restricted	Total	Last Year
			Funds	Funds	Funds	Total Funds
		Notes	2021	2021	2021	2020
Incoming resources
Incoming resources from generated funds
Voluntary Income			85,146	15,035	100,181	92,884
Investment Income			4,633		4,633	348
Total incoming resources			89,779	15,035	104,814	93,232
Costs ofcharitable acti vi ties			7,263	12,000	19,263	32,430
Governance costs			40,811	2,902	43,713	63,540
Total resources expended			48,074	14,902	62,976	95,970
Net outgoing resources
before transfers between	funds		41,705	133	41,838	(2,738)
Gross transfers between	funds		(2,820)	2,820
Net outgoing resources before
Other recognised gains and losses			38,885	2,953	41,838	(2,738)
Other recognised gains and losses
Net movement in funds			38,885	2,953	41,838	(2,738)
Reconciliation offunds
Totalfunds brought forward			108,469	31,159	139,628	142,366
Total Funds carried forward			147,354	34,112	181,466	139,628

				2021	2020
Turnover				100,181	92,884
Direct costs ofturnover				19,263	32,430
Gross Surplus				80,918	60,454
Governance costs				43,713	63,540
Operating surplus/(deficit)				37,205	(3,086)
Income from other fixed asset		investments		4,604
Interest receivable				29	348
(Deficit)/surplus on ordinary		activities before tax		41,838	(2,738)
(Deficit)/surplus for the financial year				41,838	(2,738)
Gift Aid Payments
Retained surplus/(deficit)	for	the financial year		41,838	(2,738)
All activities derive from	continuing		operations

Statement ofTotal Recognised Gains	and Losses
for the year ended 31March 2021
			2021	2020
Excess ofExpenditure over income before realisation ofassets			41,838	(2,738)
Loss per Profit and Loss account			41,838	(2,738)
Grants for the acquisition offixed assets
Net Movement in funds before taxation			41,838	(2,738)
Movements in revenue and capital funds
for the year ended 31March 2021
Revenue accumulated funds		Unrestricted	Restricted	Total	Last year
		Funds	Funds	Funds	Total Funds
		2021	2021	2021	2020
Accumulated funds brought forward		108,469	31,159	139,628	142,366
Recognised gains and losses before transfers		41,705	133	41,838	(2,738)
		150,174	31,292	181,466	139,628
Transfers between restricted and unrestricted	funds	(2,820)	2,820
Closing revenue accumulated funds		147,354	34,112	181,466	139,628

Summary		Designated	Unrestricted	Restricted	Total	Last Year
		Funds	Funds	Funds	Funds	Total Funds
		2021	2021	2021	2021	2020
Revenue accumulated	funds		147,354	34,112	181,466	139,628

			Notes	Notes		2021		2020
The assets and liabilities	ofthe charity:
Fixed assets
Tangible assets				10				1,889
Totalfixed assets								1,889
Current assets
Debtors				11	68,476		65,000
Cash at bank and in hand					112,450		72,739
Total current assets					180,926		137,739
Creditors:-
amounts due within one year				12	540
Net current assets						181,466		137,739
Total assets less current liabilities						181,466		139,628
Creditors:-
amounts due after more than one year
Provisions for liabilities	and charges
Net Assets						181,466		139,628
Thefunds ofthe charity:
Unrestricted income funds
Unrestricted revenue accumulated			funds		147,354		108,469
Designated revenue funds
Unrestricted capital funds
Designated fixed asset funds
Total unrestricted funds						147,354		108,469
Restricted income funds
Restricted revenue accumulated		funds			34,112		31,159
Restricted capital funds
Total restricted funds						34,112		31,159
Total charity funds						181,466		139,628
Trustee
Rev Taysa Kotov
Approved by the Trustees on 30			January	2022


3	(Deficit)/surplus for the financial	year		2021	2020
	This is stated after crediting:-
	Revenue Turnover from ordinary	activities		100,181	92,884
	and after charging:-
	Depreciation ofowned fixed assets			1,889	1,889
	Rentals Leases			27,430	28,478
	Independent Examiner's Fees			540	540
4	Expenses paid to trustees or persons connected		with trustees
				2021	2020
	The aggregate amount ofexpenses	paid to trustees	was	612	592

Investment	Income	2021	2020
Other bank	deposit interest received	29	348
Other investment income		4,604
		4,633	348

StaffCosts and Emoluments	2021	2020
Gross Salaries	5,200	5,805
Numbers offull time employees or full time equivalents	2021	2020
Engaged on management and administration

12	Creditors: amounts	falling due	falling due	within one year		2021	2020
13	Analysis ofthe Net	Movement		in Funds		2021	2020
	Net movement in funds from Statement ofFinancial				Activities	41,838	(2,738)
14	Particulars ofIndividual		Funds	and analysis ofassets and liabilities		representing	funds
	At 31March 2021			Unrestricted	Designated	Restricted	Total
				funds	funds	funds	Funds
	Tangible Fixed Assets
	Current Assets			146,814		34,112	180,926
	Current Liabilities			540			540
				147,354		34,112	181,466
	At 1April 2020			Unrestricted	Designated	Restricted	Total
				funds	funds	funds	Funds
	Tangible Fixed Assets			1,889			1,889
	Current Assets			106,580		31,159	137,739
				108,469		31,159	139,628

Analysis o	fmov	ements in fun	ds as shown in the	table above
			Incoming	Outgoing	Gains	dk	Movement
			Resources	Resources	Losses		in funds
General Fund			89,779	48,074			41,705
Missionary	to Israel Fund		7,642	10,462			(2,820)
Good Samaritan		Fund	7,393	4,440			2,953
			104,814	62,976			41,838

Incoming Resources				2021	2020
		Unrestricted	Restricted	Total	Prior Period
		Funds	Funds	Funds	Total Funds
		2021	2021	2021	2020
Incoming Resources from generated	funds
Voluntary Income
Grants, legacies and donations
Incoming resources ofa revenue nature
General Offering		73,881		73,881	68,470
Gift Aid tax recovered		11,265		11,265	10,372
Missionary Fund for Israel			7,642	7,642	7,451
Good Samaritan Fund			7,393	7,393	6,551
New Building Fund					40
Total		85,146	15,035	100,181	92,884
Total Grants, Legacies dk Donations Received		85,146	15,035	100,181	92,884
Total Voluntary Income		85,146	15,035	100,181	92,884
Investment Income
Other bank deposit interest received		29		29	348
Other investment income		4,604		4,604
Total Investment Income		4,633		4,633	348
Total Incoming Resources		89,779	15,035	104,814	93,232
Costs ofgenerating funds

Support costs ofcharitable	activities
Information and publications			281		281	1,499
Travel and Subsistence - Charitable		Activities				4,154
Food and Cutlery			1,553		1,553	10,581
Broadcasting			2,896		2,896	2,282
Sunday School			125		125	1,047
			4,855		4,855	19,563
Grants paid as shown in the	detailed	schedule	2,408	12,000	14,408	12,867
Support costsforgrants paid

Specific governance	costs	costs
Trustees' expenses				612		612	592
Salaries - Administrative		staff		5,200		5,200	5,805
Independent Examiner's		Fees		540		540	540
Depreciation offixed	assets used		for governance	1,889		1,889	1,889
Management and administratiott			costs
Employee costs:
Premises Costs
Rent payable				27,430		27,430	28,478
Insurance				1,061		1,061	1,149
Light and heat							600
Premises repairs and	renewals			223		223	2,789
General administrative		expenses:
Telephone and fax				1,427		1,427	808
Postage				1,947	2.440	4,387	3,823
Membership and Licences				339		339	478
Equipment expenses				929	432	1,361	16,013
Bank charges				33	30	63	60
Sundry expenses				(819)	-	(819)	516
Total governance	costs after		reallocation	40,811	2,902	43,713	63,540

A Detailed sched	ule ofgrant	s paid to a	ch	ieve the	objects ofthe c	harity
							2021	2020
Grants to Institutions
Gifts					2,058		2,058	293
Missionary Funds	for Israel					10,000	10,000	9,735
Streams ofLife Ministry					350		350	600
Online Ministry								14
Support One King	Ministry					1,200	1,200	1,200
Supporting People	in Need					800	800	1,025
Total Institutional	grants				2,408	12,000	14,408	12,867
Total ofall grants	paid				2,408	12,000	14,408	12,867
Schedule ofinvestment income
					Unrestricted	Restricted	Total	Prior
					Funds	Funds	Funds	Period
								Total
					2021	2021	2021	2020
Other investment	income
Investment income					4,604		4,604
Analysis oftransfers bettveen funds
Transfer to/(from)	unrestricted	to be analysed		further	(2,820)	-	(2,820)	(1,914)
Transfer to/(from)	restricted to	be analysed	further			2,820	2,820	1,914
					2,820	2,820