2022-03-31-accounts - Philadelphia Church International

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			Page
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

PHILADELPHIA CHURCH INT Statement of Financial Activities for the year ended 31 March 202	E 2	RNATION	AL
						Unrestricted	Restricted			Total		Last Year
						Funds	Funds			Funds	Total Funds
			Notes			2022		2022		2022		2021
Incoming resources
Incoming resources from generated funds Voluntary Income Investment Income						75,226 4,235		12,812		88,038 4,235		100,181 4,633
Total incoming resources						79,461		12,812		92,273		104,814
Costs ofcharitable activities Governance costs						8,062 42,141		13,401 770		21,463 42,911		19,263 43,713
Total resources expended						50,203		14,171		64,374		62,976
Net outgoing resources before transfers between funds						29,258		(1,359)		27,899		41,838
Gross transfers between funds
Net outgoing resources before Other recognised gains and losses						29,258		(1,359)		27,899		41,838
Other recognised gains and losses
Net movement in funds						29,258		(1,359)		27,899		41,838
Reconciliation offunds
Totalfunds brought forward						147,354		34,112		181,466		139,628
Total Funds carried forward						176,612		32,753		209,365		181,466
The net movement in funds referred		to above	is	the	net	incoming resources as			defined in the			Statement of
Recommended Practice for Accounting		and Reporting		issued		by the Charity	Commission			for England	& Wales and is
reconciled to the total funds as shown	in	the Balance	Sheet		on page 13as required			by the said statement.

for the year ended 31 M	arc	h 202	2
				2022	2021
Turnover				88,038	100,181
Direct costs of turnover				21,463	19,263
Gross Surplus				66,575	80,918
Governance costs				42,911	43,713
Operating surplus/(deficit)				23,664	37,205
Income from other fixed asset		investments		4,225	4,604
Interest receivable				10	29
(Deficit)/surplus on ordinary		activities before tax		27,899	41,838
(Deficit)/surplus for the financial year				27,899	41,838
Gift Aid Payments
Retained surplus/(deficit)	for the financial year			27,899	41,838
All activities derive from	continuing		operations

Statement ofTotal Recognised Gains and Losses
for the year ended 31 March 2022	2022	2021
Excess ofExpenditure over income before realisation ofassets	27,899	41,838
Profit per Profit and Loss account	27,899	41,838
Grants for the acquisition offixed assets
Net Movement in funds before taxation	27,899	41,838

Movements in revenue and capital funds for the year ended 31 March 2022	Movements in revenue and capital funds for the year ended 31 March 2022	Movements in revenue and capital funds for the year ended 31 March 2022	Movements in revenue and capital funds for the year ended 31 March 2022
Revenue accumulated funds				Unrestricted	Restricted	Total	Last year
				Funds	Funds	Funds	Total Funds
				2022	2022	2022	2021
Accumulated	funds brought		forward	147,354	34,112	181,466	139,628
Recognised	gains	and losses	before transfers	29,258	(1,359)	27,899	41,838
				176,612	32,753	209,365	181,466
Closing revenue		accumulated funds		176,612	32,753	209,365	181,466

Summary of funds		Designated Funds	Unrestricted Funds	Restricted Funds	Total Funds	Last Year Total Funds
		2022	2022	2022	2022	2021
ltd	funds		176,612	32,753	209,365	18L466

as at 31 Ma	rch 2022
		Notes		2022		2021
The assets and liabilities ofthe charity:
Fixed assets
Current assets
Debtors		11	72,701		68,476
Cash at bank and in hand			136,124		112,450
Total current	assets		208,825		180,926
Creditors:-
amounts due	within one year	12	540		540
Net current	assets			209,365		181„466
Total assets	less current liabilities			209,365		181,466
Creditors:-
amounts due	after more than one year
Provisions for liabilities and charges
Net Assets				209,365		181,466
Thefunds ofthe charity:
Unrestricted	income funds
Unrestricted revenue accumulated		funds	176,612		147,354
Designated	revenue funds
Unrestricted	capital funds
Designated	fixed asset funds
Total unrestricted funds				176,612		147,354
Restricted	income funds
Restricted	revenue accumulated	funds	32,753		34,112
Restricted	capital funds
Total restricted funds				32,753		34,112
Total charity funds				209,365		181,466

3	(Deficit)/surplus for the financial	year		2022	2021
	This is stated after crediting:-
	Revenue Turnover from ordinary	activities		88,038	100,181
	and after charging:-
	Depreciation ofowned fixed assets				1,889
	Rentals Leases			28,473	27,430
	Independent Examiner's Fees			1,080	540
4	Expenses paid to trustees or persons connected		with trustees
				2022	2021
	The aggregate amount ofexpenses	paid to trustees	was	648	612

6	Investment Income	2022	2021
	Other bank deposit interest received Other investment income	10 4,225 4,235	29 4,604 4,633

StaffCosts and Emoluments	2022	2021
Gross Salaries	5,200	5,200
Numbers offull time employees or full time equivalents	2022	2021
Engaged on management and administration

Tangible functional	fixed assets
			Plant,
			Machinery
			&Vehicles
Asset cost, valuation At 1 April 2021	or revalued	amount	16,985
At 31 March 2022			16,985

Accumulated depreciation and impairment prov	isions
At 1 April 2021		16,985
Charge for the year
At 31 March 2022		16,985
Net book value
At 31 March 2022
Debtors	2022	2021
Accrued income	7,701	3,476
Loans Made	65,000	65,000
	72,701	68,476

	Amounts due after	Amounts due after	more than	one yea	r included in the total abov	e are analysed as	:-
12	Creditors: amounts		falling due	within	one year	2022	2021
13	Analysis ofthe	Net	Movement	in Funds		2022	2021
	Net movement	in funds from Statement			ofFinancial Activities	27,899	41,838

Particulars ofIndividual	Funds and analysis of	assets and liabilities	representing	funds
At 31 March 2022	Unrestricted	Designated	Restricted	Total
	funds	funds	funds	Funds
			f.
Tangible Fixed Assets Current Assets	176,072		32,753	208,825
Current Liabilities	540			540
	176,612		32,753	209,365
	K
At I April 2021	Unrestricted funds	Designated funds	Restricted funds	Total Funds
Tangible Fixed Assets Current Assets	146,814		34,112	180,926
Current Liabilities	540			540
	147,354		34,112	181,466

The individual		above are:-
		Funds at	Movements	Transfers	Funds at
		2021	in	Between	2022
			Funds	funds
			as below
General Fund		153,013	29,259	(1,030)	181,242
Missionary to Israel Fund Good Samaritan Fund		10,311	(1.030) (330)	1,030	9,981
New Building	Fund	18,142 181,466	27,899		18,142 209,365

Analysis of mov	ds as shown in the	table above
	Incoming	Outgoing	Gains &	Movement
	Resources	Resources	Losses	in funds
General Fund	79,461	50,202		29,259
Missionary to Israel Fund Good Samaritan Fund	7,170 5,642	8,200 5,972		(1,030) (330)
	92,273	64,374		27,899

Incoming Resources					2022	2021
			Unrestricted	Restricted	Total	Prior Period
			Funds	Funds	Funds	Total Funds
			2022	2022	2022	2021
Incoming Resources from generated		funds
Voluntary Income
Grants, legacies and donations
Incoming resources ofa revenue nature
General Offering			66,495		66,495	73,881
Gift Aid tax recovered			8,731		8,731	11,265
Missionary Fund for Israel				7,170	7,170	7,642
Good Samaritan Fund				5,642	5,642	7,393
Total			75,226	12,812	88,038	100,181
Total Grants, Legacies &Donations	Received		75,226	12,812	88,038	100,181
Total Voluntary Income			75,226	12,812	88,038	100,181
Investment Income
Other bank deposit interest received			10		10	29
Other investment income			4,225		4,225	4,604
Total Investment Income			4,235		4,235	4,633
Total Incoming Resources			79,461	12,812	92,273	104,814
Costs ofgenerating funds

Support costs ofcharitable	activities
Information and publications		617		617	281
Food and Cutlery		4,774		4,774	1,553
Broadcasting		2,597		2,597	2,896
Sunday School		74		74	125
		$,062		8,062	4,855
Grants paid as shown in the	detailed schedule		13,401	13,401	14,408
Support costsforgrants paid

Specific governance	costs	costs
Trustees' expenses				648		648	612
Salaries - Administrative		staff		5,200		5,200	5,200
Independent Examiner's		Fees		1,080		1,080	540
Depreciation offixed assets used for governance							1,889
Management and administration			costs
Employee costs:
Premises Costs
Rent payable				28,473		28,473	27,430
Rates, water and service		charges		564		564
Insurance				606		606	1,061
Premises repairs and	renewals			28		28	223
General administrative		expenses:
Telephone and fax				1,491		1,491	1,427
Postage				1,938	740	2,678	4,387
Membership and Licences				334		334	339
Equipment expenses				1,696		1,696	1,361
Bank charges				36	30	66	63
Sundry expenses				47		47	(819)
Total governance	costs after reallocation			42,141	770	42,911	43,713

A Detailed sched	ale ofgrants paid to achieve	the objects ofthe charity
			2022	2021
Grants to Institutions
Gifts		1,956	1,956	2,058
Missionary Funds	for Israel	8,200	8,200	10,000
Streams ofLife Ministry				350
Support One King	Ministry	1,200	1,200	1,200
Supporting People	in Need	2,045	2,045	800
Total Institutional	grants	13,401	13,401	14,408
Total ofall grants	paid	13,401	13,401	14,408

Schedale	ofinves	tment income
			Unrestricted	Restricted	Total	Prior
			Funds	Funds	Funds	Period
						Total
			2022	2022	2022	2021
Other investment		income
Investment	income		4,225		4,225	4,604

Transfer	to/(from)	unrestricted	to be analysed further	(2,820)
Transfer	to/(from)	restricted to	be analysed further	2,820