| Notes | 2022 | 2021 | |
|---|---|---|---|
| £ | £ | ||
| Income(Tithes, Offering&donatio~s) | 78,968 | 73,335 | |
| Costofsales | |||
| Gross profit | 78,.968 | 73.335 | |
| Administrative expenses | 78,760 | 52410 | |
| Operating profit | 2 | 208 | 20,925 |
| 208 | 20,925 | ||
| Interest receivable | |||
| 26 | 12 | ||
| Profit on ordinary activities before taxation | 234 | 20,937 | |
| Taxonprofitonordinary activities | |||
| Profit for thefimrnch!!year | 234 | 20,937 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| IncomeResources | Notes | Unrestricted £: |
Restricted £ |
Total Fund g |
Total Fund g |
| Tithes,offeringsandth~nl<sgiving_ BuildingFund Grants&donations Others |
6.1 | 52,105 5,636. |
·o 6,226 |
52,105 6,226 5,636 |
52,183 1,035 8,867 |
| Bankinterest | 15,000 26 |
15,000 2€ |
1_1,250 | ||
| Total Income Resources | 72,767 | 6,226 | **78,993 . ** | 12 .73,347 |
|
| Resources Expended | |||||
| Support costs of activitiesin | |||||
| fu'1herance. of the charity's objects | 6.2 | 22,506 | 22,506 | 10,077 | |
| Management&Administration | |||||
| ofCharity Total Income Expended |
6.3 | 56,254 78,760 |
56,254 78,760 |
42,333 52,410 |
|
| Net inooming/(outgoing) resources | {5J993) | 6,226 | 233 | 20,937 | |
| NetMovementsinFunds Fundtalance5b:fvfct Fundsbalance.sc/fwd |
(5,993) 71,137 |
6,226 8C,C7& |
233 157,81G |
20,937 136,878 |
|
| 65,144 | 921904 | 158z048 | 157,815 |
| BalanceSheet asat31October 2022 |
|||||
|---|---|---|---|---|---|
| Notes | 2022 | 2021 | |||
| £ | £ | £ | · £ | ||
| Tangiblefixedassets | 11,997 . 11,99i. . |
10,208 10,208 |
|||
| Currentassets | |||||
| Debtors Cashatbankandinhand |
6,598 139,853 |
240 147,767 |
|||
| 146.451 | 148,007 | ||||
| Creditors: amouiits fam ..gdue within one year |
5, | 400 | 400 | ||
| Net current assets | 146,051 | 147,607 | |||
| Total assets lesscurrentliabilities | 158,048 | 157,815 | |||
| Netassets | |||||
| 158,048 | 157,815 | ||||
| UnrestrictedFunds | |||||
| RestrictedFunds UnrestrictedFunds |
5 5 |
92,904 . 65,144 |
86,678 71,137 |
||
| Restricted2ndUnrestrictedFundsc/fwd. | 158,048 | 157,815 |
Depreciation has been provided at the foll balance of each asset. |
owing ratesinorder to writ |
|---|---|
| Land &t;>uilding | 2% |
| Plantandmachinery | 10% |
| Furniture&fitti11y5 | 20% |
| Musical equipment | 20% |
| Land &t;>uilding Plantandmachinery Furniture&fitti11y5 Musical equipment |
2% 10% 20% 20% |
||
|---|---|---|---|
| 2 | Net funds_:o,_tteyear | ||
| Thisisstated after charging: | £ | £ | |
| Depreciation of owned fixed assets | 3,159 | 2,408 |
| Tangiblefixedassets | ||||
|---|---|---|---|---|
| Computers& | Musical | Furniture& | ||
| Cost | - aquiµment £ |
equipments £ |
ntt:n~s £ |
Total £ |
| At 1 November2021 Additions At31Octooor 2022 |
1,192 0 1,192 |
21,835 ___ 4,948 26,783 |
19,325 19,325 |
42,352 4,~48 __ 47,300 |
| Depreciation | ||||
| At1 November2021 Chargefor the year At31October2022 |
714 238 952 |
20,779 989 21,768 |
10·,ss1 1,932 12,-58"3 |
32,144 3,159 35,303 |
| Netbook value | ||||
| At31October2022 At31October2021 |
240 478 |
5,015 1,056 |
6,742 8,674 |
11,997 10,208 |
| **4 ** | _Debtors Trade debtors |
£ 6,215 |
£ | 240 | |||
|---|---|---|---|---|---|---|---|
| Other debtors | - | 383 ----- |
|||||
| 6,598 | 240 | ||||||
| 5 | Creditors: amounts falling due within one year | £ | £ | ||||
| Other creditors | 400 | 400 | |||||
| - -·- | -·-- -- |
||||||
| 400 | 400 | ||||||
| 6 | Funds |
Unrestricted | Restricted | 2022 | 2021 | ||
| £ | £ | £ | £ | ||||
| At1 November 2021 | 71,137 | 86,678 | 157,815 | 136,878 | |||
| Net Movements in Funds | (5,993) | 6,226 | 233 | 20,937 | |||
| At31October 2022 | 65,144 | 92,904 | 158,048 | 157,815 |
| Notes to the accounts (continued) | ||||
|---|---|---|---|---|
| 6Detailed Income and Expenditure Account | ||||
| for the year ended31October 2022 | 2022 | 2021 | ||
| Unrestricted | Restrlcted | Total fund | Total fund | |
| 6.1INCOMINGRESOURCES . irthes, offeringandthanksgiving, Building GiftAid Other Income |
~ 52,105 5,636 15,000 |
g 6,226 |
g 52,105 6,226 5,636 15,000 |
t 52,183 1,035 8,867 11,250 |
| Bankinterest received | 26 | 26 | 12 | |
| TotalIncomingResources | 72,767 | 6,226 | 78,993 | 73,347 |
| OUTGOINGRESOURCES. |
| 6.2Supportcostsof activitiesinfurtherance of | ||||
|---|---|---|---|---|
| the Charity's objects: . Honorarium |
2,985 | |||
| Children,youth | 5,266 | 5,266 | 2,336 | |
| Harvest, Events | 9,505 | 9,505 | ||
| Printing, postage & stationery | 1_.589 | 1,589 | ||
| Other direct costs | ||||
| Charity & donations | 2,295 | 2,295 | ||
| · Evangelical/outreach materials | 602 | 602 | ||
| Books,DVDetc | 1,402 | |||
| Members'welfareandtraining . | 3,249 | 3,249 | 3,354 | |
| 22,506 | 22,506 | 10,077 | ||
| 6.3ManagementandAdministrationofCharity: | ||||
| RentofChurchhall | 39,740 | 39,740 | 33,600 | |
| Telephone | 0 | 1,666 | ||
| Wastedisposal | 0 | 119 | ||
| Subscription&Dues | 1,263 | 1,263 | ||
| · Training&seminar | 4,775 | 4,775 | ||
| Insurance | 457 | 457 | 60 | |
| Light& heat | 5,634 | 5,634 | 2,285 | |
| Hallhire | 0 | |||
| Repairs&maintenance | 0 | 0 | 1,099 | |
| .Sundryexpenses | 407 | 407 | 527 | |
| Accountancyfees | 400 | 400 | 400 | |
| Professionalandotherlegalfees | 419 | 419 | 169 | |
| Depreciationcharge | 3,159 | 3,159 | 2,408 | |
| 56,254 | 56,254 | 42,333 |
fortheyearended31October2022 forthe informationofthe directors only |
||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| Income{Tithes,Offering & donations) | 78,968 | 73,335 |
| Costofsales | ||
| Gross profit | ---- -~ ··-- 78,968 |
73,335 |
| Administrativeexpenses | 78,760 | 52,410 |
| Operating profit | --··-- -·- 208 | 20,925 |
| Interest receivable | 26 | 12 |
| Profit beforetax | 234 | 20,937 |
| WORDFOUNTAINCHRISTIANMINISTRIES Schedule to the Profit and Loss Account fortheyearended31October 2022 fortheinformationofthedirectorsonly |
||
|---|---|---|
| 2022 | 2021 | |
| £ | £ | |
| ·income | ||
| Tithes,offerings &thanksgiving | 78,968 | 73,335 |
| Income(Tithes,Offering&donations) | 78,968 | 73,335 |
| Costofsales | ||
| Otherdirectcosts | ||
| Administrativeexpeil~es | ||
| Employeecosts: | ||
| Training | 4,775 | |
| Honorarium | 2,985 | |
| Members'welfare | 3,249 | 3,354 . |
| Charitydonation&gift | 2,295 | |
| Motorvehicle | 60 | |
| ,, | ||
| 1~,31~ | 6,399 | |
| .Premises·costs:. | ||
| Rent | 39,740 | 33,600 |
| Servicecharges | ||
| Light&Heating | 5,634 | _2,285 |
| Cleaning | 119 | |
| 45,374 | ___ 36,004 | |
| Generi3Iadministrativeexpenses: | ||
| Telephoneandfax | 1,666 | |
| Harvest.Events. | 9,505 | |
| Stationeryandprinting | 1,589 | |
| Booksand-otherrecordingmaterials | 1,402 | |
| Evangelicalmaterials&ChristianLiteratures | 602 | |
| Hallhire | ||
| Bankcharges | ||
| Children;youths | 5,266 | 2,336 |
| Bui_ldingmaintenance | ||
| Subscription&Dues | 1,263 | |
| Repairs&maintenance | 1,099 | |
| Depreciation | 3,159 | 2,408 |
| Insurance | 457 | |
| Sundrye_xpenses | 407 | 527 |
| 22,248 | 9,438 | |
| Legalandprofessionalcosts: | ||
| Accountancyfees | 400 | 400 |
| Otherlegalandprofessional | 419 | 169 |
| 819 •·~--- |
569' | |
| .- -·-•-·- - | ·-·-----·- ··- | |
| 78,760 | 52,410 |