2023-03-31-accounts - The Everlasting Arms Ministries

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

REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

FOR

THE EVERLASTING ARMS MINISTRIES

THE EVERLASTING ARMS MINISTRIES

CONTENT OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

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 2023

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 2023. 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

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 financial constraints, 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:

The charity has continued to organised events and activities in line with the charitable objectives to promote the Christian faith and at the same time helping privileged and disadvantaged within the local and international community these 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,

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THE EVERLASTING ARMS MINISTRIES

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

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

The Charity, through the departments mentioned above, organises activities, events and meetings to promote its objects.
For the third year, the charity suspended its community support programme providing empowerment training due to financial
constraints to allow the charity to restructure its financial position. The charity hopes to resume its community support programme in the future.
The charity's international evangelism arm has remained suspended for the third year due to the present restructuring of its
activities. The charity hopes to review the possibility of resuming this activity in the future.
The Charity has engaged in impacting lives across the globe in the past by partnering with other organisations to help provide clean water, good medical services and agricultural support to people in impoverish areas of the World, especially India and
Africa. However, the charity have decided to suspend this project in the interim and hope to resume the project in the future when the charity is buoyant enough to do so.
The charity Food Bank Project continued through out the year.
Advisory Drop-In Centre, a multi-purpose centre providing legal, medical and unemployment advisory services, and supporting
victims of domestic violence, mental, stress and depression was still been conducted remotely online to save cost.
About This Time Next Year (ATTNY), an annual programme which brings gynaecologists and medical doctors together to
advice women with infertility issues and other medical conditions was again conducted remotely via various social media platforms this year.
IT training, captioned “Topping Your Career” delivering training and workshops on different areas of Information Technology
for job seekers and those that want to learn basic IT skills in the local community will remain suspended until further notice.
The Influencers: The annual Men of Influence Conference was held remotely via Zoom in the current financial year.

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.

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THE EVERLASTING ARMS MINISTRIES

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

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 2023, the level of reserves available for the Charity's use (i.e. unrestricted funds) was £2,682,104

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), My Destiny Must Rise (MDMR) , Breakthrough Nights etc. 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.

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THE EVERLASTING ARMS MINISTRIES

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

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 Resigned 1 December 2022 Olatunde Sogbesan David Tolulope Babarinsa

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

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THE EVERLASTING ARMS MINISTRIES

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 MARCH 2023

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:

select suitable accounting policies and then apply them consistently;
observe the methods and principles in the Charity SORP;
make judgements and estimates that are reasonable and prudent;
state whether the applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charitable company will
continue in business.

It is the responsibility of the Trustees to ensure that proper books are kept and accounting records which disclose reasonable accuracy at any time of 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

14 October 2023

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THE INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF

THE EVERLASTING ARMS MINISTRIES

YEAR ENDED 31 MARCH 2023

I report to the charity trustees on my examination of the accounts of the Company for the year ended 31 March 2023 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:

accounting records were not kept in accordance with section 386 of the Companies Act 2006; or
the accounts do not accord with such records; or

• 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

the accounts have not been prepared in accordance with the Charities SORP (FRS102).

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

17 October 2023

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THE EVERLASTING ARMS MINISTRIES

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023

Notes INCOME AND ENDOWMENTS FROM Donations and legacies 2 Investment income 3 EXPENDITURE ON Charitable activities 4 Support 5 Total NET INCOME RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD	31.03.23 Unrestricted fund £ 236,641 2,655 239,295 110,538 264,415 374,954 (135,659) 2,817,763 2,682,104	31.03.22 Total funds as restated £ 200,270 10
		200,280 98,205 183,823
		282,028
		(81,748) 2,899,511
		2,817,763

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

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THE EVERLASTING ARMS MINISTRIES

BALANCE SHEET FOR THE YEAR ENDED 31 MARCH 2023

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	31.03.23 Unrestricted fund £ 764,898 2,036,840 122,244 2,159,084 (241,877) 1,917,207 2,682,104 2,682,104 2,682,104 2,682,104	31.03.22 Total funds as restated £ 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

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:

ensuring that the charitable company keeps accounting records which comply with Section 386 and 387 of the Companies Act 2006 and
preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of financial year and its net income or expenditure for each financial year in accordance with the requirements of Section 394 and 395 and which otherwise comply with requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.

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

Ade Adesola - Trustee

14 October 2023

Company number: 04234547 Charity number: 1091111

Page 8

THE EVERLASTING ARMS MINISTRIES

CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2023

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	31.03.23 £ (92,079) (92,079) 2,240 2,240 (94,319) 216,563 122,244	31.03.22 as restated £ (65,881)
		(65,881)
		-
		-
		(65,881) 282,442
		216,563

The notes form part of these financial statements

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THE EVERLASTING ARMS MINISTRIES

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 MARCH 2023

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 1.4.22 £ Net cash Cash at bank 216,563 216,563 Total 216,563	31.03.23 £ (135,659) 28,008 108,500 (92,928) (92,079) Cash flow £ (94,319) (94,319) (94,319)	31.03.22 as restated £ (81,748) 37,293 (24,793) 3,368
		(65,881)
		At 30.3.23 £ 122,244
		122,244
		122,244

2. ANALYSIS OF CHANGE IN NET FUNDS

The notes form part of these financial statements

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THE EVERLASTING ARMS MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

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 - 25% Straight-line Office equipment - 25% 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.

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THE EVERLASTING ARMS MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

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

Donations Gift Aid Offerings Rental Income Tithes Misc. Income Furlough grant S RECEIVABLE Gift Aid interest receivable Interest Receivable BLE ACTIVITIES COSTS Charitable activities T COSTS Management £ Other resources expended Management and administration 258,902 Bank charges 1,513 Independent examiner's fee - 260,415 ME (EXPENDITURE Net income (expenditure) is stated after charging/crediting Independent examiner's fee Depreciation - owned assets	Direct costs £ 110,538 Governance cost £ - - 4,000 4,000	31.03.23 £ 73,378 34,401 55,953 25,793 47,115 - - 236,641 31.03.23 £ 2,439 215 2,655 31.03.23 Total £ 110,538 31.03.23 Total £ 258,902 1,513 4,000 264,415 31.03.23 £ 4,000 28,008	31.03.22 as restated £ 69,303 20,781 47,059 - 44,623 842 17,663
			200,270
			31.03.22 £ - 10
			10
			31.03.22 Total as restated £ 98,205
			31.03.22 Total as restated £ 180,417 1,406 2,000
			183,823
			31.03.22 as restated £ 2,000 37,293

3. INTERESTS RECEIVABLE

4. CHARITABLE ACTIVITIES COSTS

5. SUPPORT COSTS

6. NET INCOME (EXPENDITURE

continued…

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THE EVERLASTING ARMS MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

7. STAFF COSTS

STS
Wages and salaries Employer national insurance The average number of employees during the year was as follows: Ministry Administration	31.03.23 £ 86,885 3,752 90,637 31.03.23 1 2 3	31.03.22 as restated £ 95,952 4,695
		100,648
		31.03.22 1 2
		3

There was no employee that received renumeration exceeding £60,000 during the period.

During the period under review, the Chief Executive Officer was paid £40,003 gross salary (2022 £45,336).

8. RELATED PARTY DSICLOSURE

During the period under review, the Deputy Senior Pastor was paid £40,500 (2022 £42,750) for providing managerial and pastoral services to the church on contract basis.

No remuneration was paid to the trustees during the period under review nor in the previous financial year.

There were no trustees' expenses paid for the year ended 31 March 2023 nor for the previous year.

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

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THE EVERLASTING ARMS MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

9. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

INCOME AND ENDOWMENT FROM Donations and legacies Bank Interest EXPENDITURE ON Charitable activities Support costs Total NET INCOME RECONCILIATION OF FUNDS Funds brought forward Total funds brought forward (as restated) TOTAL FUNDS CARRIED FORWARD (AS RESTATED)	Unrestricted fund 31.03.23 £ 236,641 2,655 239,295 110,538 264,415 374,954 (135,659) 2,817,763 2,817,763 2,682,104	Unrestricted fund as restated 31.03.22 £ 200,270 10
		200,280 98,205 183,823
		282,028
		(81,748)
		2,899,511
		2,899,511
		2,817,763

10. TANGIBLE FIXED ASSETS

COST At 1 April 2022 Addition At 31 March 2023 DEPRECIATION At 1April 2022 Charge for the year At 31 March 2023 NET BOOK VALUE At 31 March 2023 At 31 March 2022	Land and building £ 799,623.00 - 799,623 31,984 7,996 39,980 759,643 767,639	Plant and Machinery £ 288,531 2,240 290,771 265,504 20,012 285,516 5,255 23,027	Totals £ 1,088,154 2,240 1,090,394
			297,488 28,008 325,496
			764,898
			790,666

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THE EVERLASTING ARMS MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

11. DEBTORS

DEBTORS: AMOUNT FALLING DUE WITHIN ONE YEAR

31.03.23 £ Accrued income (Gift aid) 36,840 36,840 DEBTORS: AMOUNT FALLING AFTER MORE THAN ONE YEAR 31.03.23 £ Other debtors (Re: Property Development) 2,000,000 12. CREDITORS CREDITORS: AMOUNT FALLING DUE WITHIN ONE YEAR 31.03.23 £ Trade creditors 3,876 Accrued expenses 2,570 Other creditors - 6,446 CREDITORS: AMOUNT FALLING DUE AFTER MORE THAN ONE YEAR 31.03.23 £ PAYE (tax and NIC) liability 235,431 13. MOVEMENT IN FUNDS Net At 1.4.22 movement as restated in funds £ £ Unrestricted funds General fund 2,817,762.91 (135,659) TOTAL FUNDS 2,817,762.91 (135,659) Comparative net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 239,295 (374,954) TOTAL FUNDS 239,295 (374,954)	31.03.22 as restated £ 145,340
	145,340
	31.03.22 as restated £ 2,000,000
	31.03.22 as restated £ 18,841 650 21,139
	40,630
	31.03.22 as restated £ 294,175
	At 31.12.23 £ 2,682,104
	2,682,104
	Movement in fund £ (135,659)
	(135,659)

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THE EVERLASTING ARMS MINISTRIES

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023

14. CONTROLLING ENTITY

There is no overall controlling entity.

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THE EVERLASTING ARMS MINISTRIES

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2023

INCOME AND ENDOWMENTS Donations and legacies Donations Gift Aid Offerings Rental Income Tithes Misc. Income Furlough grant Investment income Gift Aid interest receivable Interest Receivable Total incoming resources EXPENDITURE Charitable Expenditure Counselling Evangelism and Conferences Foodbank and Community Project Services and Meetings Building Management and Establishment Expenses Management & Administration expenses Salaries Employer NI Accountancy Fees HMRC-Penalties HMRC-Accrued interest Insurances Legal and Professional Printing, Postage and Stationery Consultancy Electricity Supply Gas Supply IT and Broadband Legal Fee Management Cost Misc. Expenses Software Subscriptions Telecommunication Land and Building Depreciation Finance Bank Charges PDQ Bank Charges Governance Independent Examination Total resources expended Net income/expenditure	31.03.23 £ 73,378 34,401 55,953 25,793 47,115 - - 236,641 2,439 215 2,655	31.03.22 £ 69,303 20,781 47,059 - 44,623 842 17,663
		200,270 - 10
		10
	239,295 3,199 660 473 97,083 9,124 110,538 86,885 3,752 1,920 54,128 50,457 1,939 164 242 36,000 3,525 63 76 2,301 8,100 438 562 355 7,996 258,902 549 964 1,513 4,000 374,954 (135,659)	200,280
		2,157 - - 93,296 2,752
		98,205 95,952 4,695 1,851 - - 485 669 - 38,000 1,715 64 78 17,372 8,550 106 2,645 240 7,996
		180,417 327 1,079
		1,406 2,000
		282,028
		(81,748)

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