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2022-03-31-accounts

Registered Company Number 0423457 (England and Wales) Registered Charity Number 1091111

REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

FOR

THE EVERLASTING ARMS MINISTRIES

THE EVERLASTING ARMS MINISTRIES

CONTENT OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

Report of the Trustees 1-5
Independent Examiner's Report 6
Statement of Financial Activities 7
Balance Sheet 8
Cash Flow Statement 9
Notes to the Cash Flow Statement 10
Notes to the Financial Statement 11-16
Detailed Statement of Financial Activities 17

THE EVERLASTING ARMS MINISTRIES

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

The trustees who are also directors of the charity for the purposes of the Companies Act 2006, present their report with the financial statements of the charity for the year ended 31 March 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).

OBJECTIVES AND ACTIVITIES

Objectives and aims

The Charity's object is the advancement of the evangelical Christian faith worldwide. Our strategy in fulfilling this objective in particular but not exclusively is to evangelise and spread the Gospel and the teachings of the Christian Faith by:

-Holding regular Worship Services in predefined themes to provide a bedrock for growing members in the Faith

-Building a community of Spirit-filled Christians relationally connected in church life and cluster small groups nationally and internationally.

-Running regular Christian services in physical locations and via Social media platforms.

-Running international versions of various aspects of The Everlasting Arms experience; the main expression that is fully operational is our International outreaches which mirrors the regular version of the initiative that we have held in the UK since inception. Our outreaches provide a unique experience for spirit filled Christians & seekers to experience God in an atmosphere that

enhances barrier breaking prayers, heartfelt worship and prophetic declarations. In the past we have held successful sessions in India, Thailand, South Africa, Nigeria, USA, China, Ghana and other African countries.

-Promoting and supporting local and international Christian ministries and events.

-Producing and distributing of creative Christian media

-Building and operating a Christian Bible-based Worship Centre in London, UK with the ability to serve other locations

-Creating a Development Track for members that shows a clear transition from joining till they are developed to fulfil their God ordained purpose in society

-�Provision of Various Counselling and Pastoral Help Services.

Significant activities

Volunteers are involved in the activities conducted by The Everlasting Arms Ministries including: -Operating Sunday, Mid-week, monthly services and monthly night vigils.

-Running international and national outreaches

-Running various life stage ministry events

-Visiting the Homeless, Elderly, Hospices, Prisons, orphanages and Medical Outreaches

Due to global pandemic, some of our actives are been held online which has expanded our outreach and enabled us to maintain the following initiatives:

-Running Sunday services at the church building, and Midweek and Monthly programmes online.

-Leading Small Groups in the UK and Internationally

In the consideration of our activities, the Trustees have given regard to the Charity Commission's guidance on public benefit.

Strategies

The Charity’s strategy for achieving this objective for the public benefit was:

To reposition itself to effectively reach those presently outside of its dominant demographic and fulfil the vision of the church.

Significant activities that contributed to the achievement of these objectives were:

Events and activities organised during the year in line with the charitable objectives to promote the Christian faith and help the less privileged and disadvantaged within the local and international community includes: Men of Influence Ministry Conference, TEAM Food Bank Project, About This Time Next Year (ATTNY) and Other Evangelism which is empowering young women to Aspire, Achieve and Acquire, Brothers Keepers International, Southwark Christmas Carol which organises Christmas Carols annually, bringing the local community together to celebrate Christmas as one family was conducted at the church. Medical outreach which addresses mental and stress issues,

Continued...

Page 1

THE EVERLASTING ARMS MINISTRIES

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

Free Legal Counselling providing legal advice on immigration, housing etc., Wellness and mental health programmes helping to address stress issues, Domestic violence and single parenting, Chosen Generation - Youth Programme which attempts to engage the youths and keep them off the street and crime.

The charity has over 100 volunteers who support and make an invaluable contribution to the operations of the charity. Some of the key departments include:

Children Youth's Church Prayer Warrior Men of influence Evangelism Technical, video and Media Community Action WelfareFestival of Solution IT * Women of Destiny Prayer & Counselling Medical/Mental Health Financial Management and Anti-Poverty Empowerment Training Counselling, Coaching and Mentoring Education & Training Ushering and welcoming Counselling *Follow-up and Help ministry.

ACHIEVEMENTS AND PERFORMANCE FOR THE PUBLIC BENEFIT

advice women with infertility issues and other medical conditions was conducted remotely via various social media platforms.

TEAM as a community strives to create an environment in which everyone is enabled to fully live out their true-life purpose by facilitating opportunities for development and the cultivation of God given gifts.

TEAM hopes to continue to undertake projects recognised locally and internationally.

Continued...

Page 2

THE EVERLASTING ARMS MINISTRIES

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

FINANCIAL REVIEW

Principal funding sources

The Charity's principal funding source is from members and individuals who attend services and make contributions in the form of freewill offerings, tithes and other donations.

Investment policy and objectives

The trustees are of the opinion that the performance of the charity from a financial standpoint is in line with their expectations and plans for the charity.

Reserves policy

As at 31st March 2022, the level of reserves available for the Charity's use (i.e. unrestricted funds and not represented by fixed assets) was £2,817,763.

These reserves are held to ensure that we can meet our commitments to providing our services and activities and staffing obligations in the event of a reduction or absence of funds/volunteer donations ; and to meet some key events that are capital intensive e.g. About This Time Next Year (ATTNY) and My Destiny Must Rise (MDMR), Breakthrough Nights or towards the acquisition of a permanent site or payment for venues.

FUTURE PLANS

The Charity continues to explore ways of furthering its charitable objectives in an effective manner by ensuring there is awareness of its services and by seeking opportunities to be more involved in the community.

The Charity seeks to provide services and activities that meet the needs of people and contribute to a positive change in the moral and spiritual climate in its environs, this reflects its Christian ethos and beliefs.

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing document

The Church is a charitable company limited by guarantee, incorporated on 14 June 2001 and registered as a charity on 14 March 2002. It is governed by its Memorandum and Articles of Association and is managed by a Board of Trustees. Decisions are determined by a simple majority vote by the Trustees who set the strategic direction of the Charity. Delegated authority has been given to the Visionary Pastor, the Executive Pastor and the implementation team led by the Resident Pastor for the day to day running of the operations of the Charity.

Recruitment and appointment of new trustees

Trustees are selected on the basis of the contribution that they will make to the governance of the organisation and the skills that they will contribute. They are provided with copies of the "Charity Commission's Guidance to Trustees" and are also provided with training as and when required.

Risk management

The Trustees review the major risks that the charity is exposed to at their meetings and are satisfied that systems are in place to manage the risks that have been identified. In particular, insurance cover is in place and the finances of the Charity are kept under review. Appropriate Disclosure & Barring Service check (DBS), supported by regularly reviewed policies are done for all those who work with children or other vulnerable groups with the Charity. Internal control risks are minimised by the implementation of procedures for authorisation of significant transactions and projects. Procedures are in place to ensure compliance with health and safety of members of staff, volunteers, clients and visitors to the Charity. Qualified and appropriately experienced employees are appointed and external consultants are engaged to advise on significant issues.

Continued...

Page 3

THE EVERLASTING ARMS MINISTRIES

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

REFERENCE AND ADMINISTRATIVE DETAILS Registered Company number

04234547 (England and Wales)

Registered Charity number

1091111

Registered office

600-608 Old Kent Road London SE15 1JB

Aderibigbe Adesola Chair Olayinka Ogunnoiki Adedoyin Okuboyejo Olatunde Sogbesan Tolulope Babarinsa Claudia Diegh

Chief Executive Officer

Olukayode B.A. Owolabi

Bankers

Barclay Bank Plc 83 Wandsworth High Street London SW18 2PR

HSBC 184 High Street, Bromley Kent BR1 1HI

Solicitors

Wellers Law Group Tenison House Tweedy Road Bromley BR1 3NF

Independent Examiners

Helen Daniels Consulting Ltd Accountants and Registered Auditors 98 Coldharbour Lane London SE5 9PU

Continued...

Page 4

THE EVERLASTING ARMS MINISTRIES

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2022

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees (who are also the directors of The Everlasting Arms Ministries for the purposes of company law) are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing those financial statements, the trustees are required to:

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charitable company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

This report was approved by the board of trustees and signed on their behalf by:

Ade Adesola - Trustee

12 December 2022

Page 5

THE INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

THE EVERLASTING ARMS MINISTRIES

YEAR ENDED 31 MARCH 2022

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31/03/2022 set out on pages 7 to 15.

Responsibilities and basis of report

As the charity’s trustees of the Company (who are also the directors of the company for the purposes of company law), you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (“the 2006 Act”). Having satisfied myself that the accounts of the Company are not required to be audited for this year under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (“the 2011 Act”). In carrying out my examination, I have followed the Directions given by the Charity Commission (under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

I am qualified to undertake the examination by being a qualified member of ACCA.

I have completed my examination. I confirm that no material matters have come to my attention which gives me cause to believe that:

• the accounts do not comply with relevant accounting requirements under section 396 of the Companies Act 2006 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; or

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Helen Igbagi FCCA

Helen Daniels Consulting Ltd

98 Coldharbour Lane London SE5 9U

15 December 2022

Page 6

THE EVERLASTING ARMS MINISTRIES

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2022

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Investment income
3
EXPENDITURE ON
Charitable activities
Charitable activities
4
Total
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 31.03.22
Unrestricted
fund
£
200,270
10
200,280
282,028
282,028
(81,748)
2,899,511
2,817,763		 31.03.21
Total funds
as restated
£
145,784
265
146,049
399,770
399,770
(253,721)
3,153,233
2,899,511

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes form part of these financial statements

Page 7

THE EVERLASTING ARMS MINISTRIES

BALANCE SHEET FOR THE YEAR ENDED 31 MARCH 2022

Notes
FIXED ASSETS
Tangible assets
10
CURRENT ASSETS
Debtors
11
Cash at bank
CREDITORS
12
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
NET ASSETS
FUNDS
Unrestricted funds
TOTAL FUNDS		 31.03.22
Unrestricted
fund
£
790,666
2,145,340
216,563
2,361,903
(334,806)
2,027,098
2,817,763
2,817,763
2,817,763
2,817,763		 31.03.21
Total funds
as restated
£
827,959
2,120,547
282,442
2,402,989
(331,437)
2,071,552
2,899,510
2,899,511
2,899,511
2,899,511

The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2022 in accordance with Section 476 of the Companies Act 2006 however, in accordance with Section 145 of the Charities Act 2011, the accounts have been examined by an independent examiner and their report has been included in these financial statements.

The directors (who are charitable company’s trustees for the purposes of charity law) acknowledge their responsibilities:

The financial statements were approved by the Board of Directors and were signed on its behalf by:

Ade Adesola - Trustee 12 December 2022

Company number: 04234547 Charity number: 1091111

Page 8

THE EVERLASTING ARMS MINISTRIES

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2022

Note
Cash flows from operating activities
Cash generated from operations
1
Net cash provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Net cash used in investing
Change in cash and cash equivalent in
the reporting period
Cash and cash equivalent at the
beginning of the reporting period
Cash and cash equivalent at the end of the reporting period		 31.03.22
£
(65,881)
(65,881)
-
-
(65,881)
282,442
216,563		 31.03.21
as restated
£
(223,202)
(223,202)
-
-
(223,202)
505,644
282,442

The notes form part of these financial statements

Page 9

THE EVERLASTING ARMS MINISTRIES

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2022

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES

Net income for the reporting period (as per the Statement of Financial
Activities)
Adjustment for:
Depreciation charges
(Increase)/decrease in debtors
(Decrease)/increase in creditors
Net cash provided by operations
S OF CHANGE IN NET FUNDS
At 1.4.21
£
Net cash
Cash at bank
282,442
282,442
Total
282,442		 31.03.22
£
(81,748)
37,293
(24,793)
3,368
(65,881)
Cash flow
£
(65,881)
(65,881)
(65,881)		 31.03.21
as restated
£
(253,721)
49,352
575
(19,408)
(223,202)
At 30.3.22
£
216,563
216,563
216,563

2. ANALYSIS OF CHANGE IN NET FUNDS

The notes form part of these financial statements

Page 10

THE EVERLASTING ARMS MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charitable company, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006. The financial statements have been prepared under the historical cost convention

Going concern

The trustees (who are the charitable company's directors for the purposes of company law) have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the trustees have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. 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.

Land and Buildings - 1% Straight-line Furniture and Fittings - 17% Straight-line Office equipment - 20% Straight-line Motor vehicles - 25% Straight-line

Taxation

The charity is exempt from corporation 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.

Continued...

Page 11

THE EVERLASTING ARMS MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

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

2. DONATIONS AND LEGACIES

2. DONATIONS AND LEGACIES
Donations
Gift aid
Furlough grant
3. BANK INTEREST
Bank interest
4. CHARITABLE ACTIVITIES COSTS
Direct
costs
£
Charitable activities
98,205
SUPPORT COSTS
Management
£
Other resources expended
Charitable activities
180,417
Bank charges
1,406
Independent examiner / Auditor fee
-
181,823
5. NET INCOME (EXPENDITURE
Net income (expenditure) is stated after charging/crediting
Independent examiner's remuneration
Depreciation - owned assets		 Support
costs
£
183,823
Governance
cost
£
-
-
2,000
2,000		 31.03.22
£
161,826
20,781
17,663
200,270
31.03.22
£
10
31.03.22
Total
£
282,028
31.03.22
Total
£
180,417
1,406
2,000
183,823
31.03.22
£
2,000
37,293		 31.03.21
as restated
£
112,608
15,175
18,000
145,784
31.03.21
£
265
31.03.21
Total
as restated
£
399,770
31.03.21
Total
as restated
£
251,544
1,204
2,000
254,748
31.03.21
as restated
£
2,000
49,352

continued…

Page 12

THE EVERLASTING ARMS MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

6. STAFF COSTS

STS
31.03.22
£
Wages and salaries
95,952
Employer national insurance
4,695
100,648
The average number of employees during the year was as follows:
31.03.22
Ministry
1
Administration
2
3
The number of employees that received remuneration exceeding £60,000 during the period was:
31.03.22
£60,001 - £72,000
-		 31.03.21
as restated
£
126,000
13,758
139,758
31.03.21
1
2
3
31.03.21
1

During the year, the Senior Pastor and also the Chief Excecutive Officer was paid £45,336 gross salary (2021 £72,000).

7. RELATED PARTY DSICLOSURE

The wife of the Senior Pastor was paid £42,750,000 (2021 £54,000) for providing managerial and pastoral services to the church on contract basis.

No trustees were remunerated in the year under review nor in the previous financial year.

There were no trustees' expenses paid for the year ended 31 March 2022 nor for the previous year.

There were no transaction with the trustees during the period under review and none for the previous year.

Continued...

Page 13

THE EVERLASTING ARMS MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

8. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENT FROM
Donations and legacies
Bank Interest
EXPENDITURE ON
Charitable activities
Charitable activities
Support costs
Total
NET INCOME
RECONCILIATION OF FUNDS
Funds brought forward
PAYE (Tax and NIC) liability - Prior year adjustment
Total funds brought forward (as restated)
TOTAL FUNDS CARRIED FORWARD (AS RESTATED)		 Unrestricted
fund
31.03.22
£
200,270
10
200,280
98,205
183,823
282,028
(81,748)
2,899,511
-
2,899,511
2,817,762		 Unrestricted
fund
as restated
31.03.21
£
145,784
265
146,049
145,023
254,748
399,771
(253,722)
3,447,408
(294,175)
3,153,233
2,899,511

9. PRIOR YEAR ADJUSTMENTS

On 17th September 2017 an inquiry was launched by HM Revenue and Customs concerning PAYE (Tax and NIC) arrears between 2016 to 2020 estimated to be £294,175.20. This assessment is currently being negotiated with HM Revenue and Customs. This amount excludes interest and penalties, and the final settlement may vary.

A prior year adjustment has been made to account for the under-paid PAYE in the previous years and the adjustment in the current year was £294,175.20.

The comparative figures have also been restated to reflect this adjustment to the stated income in 2021.

Opening reserves as at 1 April 2021 (as previously stated)
Prior year adjustments:
PAYE (tax and national insurance between 2016-2020 arrears)
Opening reserves as at 1 April 2022 (as restated)		 £
3,447,408
(294,175)
3,153,233

Consequently, the above amounts have been accrued at the year end and opening funds and expenditure has been adjusted accordingly.

Continued...

Page 14

THE EVERLASTING ARMS MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

10. TANGIBLE FIXED ASSETS
COST
At 1 April 2021
Addition
At 31 March 2022
DEPRECIATION
At 1April 2021
Charge for the year
At 31 March 2022
NET BOOK VALUE
At 31 March 2022
At 31 March 2021		 Land and
building
£
799,623.00
-
799,623
23,988
7,996
31,984
767,639
775,635		 Plant and
Machinery
£
288,531
-
288,531
236,207
29,297
265,504
23,027
52,324		 Totals
£
1,088,154
-
1,088,154
260,195
37,293
297,488
790,666
827,959

11. DEBTORS

DEBTORS: AMOUNT FALLING DUE WITHIN ONE YEAR

31.03.22
£
Accrued income (Gift aid balance brought forward)
120,547
Accrued income (Gift aid FYE 2021-2022)
20,781
Employer National insurance (Allowance unclaimed)
4,012
145,340
DEBTORS: AMOUNT FALLING AFTER MORE THAN ONE YEAR
31.03.22
£
Other debtors (Re: Property Development)
2,000,000
12. CREDITORS
CREDITORS: AMOUNT FALLING DUE WITHIN ONE YEAR
31.03.22
£
Trade creditors
18,841
Other taxes and social security costs
-
Accrued expenses
650
Other creditors
21,139
40,630
CREDITORS: AMOUNT FALLING DUE AFTER MORE THAN ONE YEAR
31.03.22
£
PAYE (tax and NIC) liability - accrued
294,175		 31.03.21
as restated
£
105,372
15,175
-
120,547
31.03.21
as restated
£
2,000,000
31.03.21
as restated
£
16,623
3,558
8,552
8,529
37,262
31.03.21
as restated
£
294,175

Continued...

Page 15

THE EVERLASTING ARMS MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022

13. MOVEMENT IN FUNDS

NT IN FUNDS
Unrestricted funds
General fund
TOTAL FUNDS		 At 1.4.21
as restated
£
2,899,511
2,899,511		 Net
movement
in funds
£
(81,748)
(81,748)		 At 31.12.22
£
2,817,763
2,817,763

Comparative net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
TOTAL FUNDS		 Incoming
resources
£
200,280
200,280		 Resources
expended
£
(282,028)
(282,028)		 Movement
in fund
£
(81,748)
(81,748)

14. CONTROLLING ENTITY

There is no overall controlling entity.

Page 16

THE EVERLASTING ARMS MINISTRIES

DETAILED STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 MARCH 2022

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Gift Aid
Furlough grant
Investment income
Bank interest receivable
Total incoming resources
EXPENDITURE
Charitable Expenditure
Counselling
Foodbank and Community Project
Services and Meetings
Missions and Branches
Building Management and Establishment Expenses
Management & Administration expenses
Salaries
Employer NI
Insurances
Legal and Professional
Accountancy Fees
Consultancy
Electricity Supply
Gas Supply
IT and Broadband
Legal Fee
Management Cost
Misc. Expenses
Software Subscriptions
Subscriptions
Telephone
Bad debt
Depreciation
Finance
Bank charges
Governance
Independent Examiner's/Auditor's remuneration
Total resources expended
Net income/expenditure		 31.03.22
£
161,826
20,781
17,663
200,270
10
200,280
2,157
-
93,296
-
2,752
98,205
95,952
4,695
485
35
1,851
38,000
1,715
64
78
17,337
8,550
106
2,645
669
240
-
7,996
180,417
1,406
2,000
282,028
(81,748)		 31.03.21
£
112,608
15,175
18,000
145,784
265
146,049
2,172
32,400
101,878
6,000
2,572
145,023
126,000
13,758
152
-
-
48,000
1,966
68
-
26,591
-
51
4,763
540
791
15,750
13,115
251,544
1,204
2,000
399,770
(253,721)

Page 17