2022-10-31-accounts - Sozo Ministries International

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Report of the Trustees			1-6
Report of the Independent		Examiner
Statement of Financial	Activities
Income and Expenditure		Account
Balance Sheet			10
Notes to the Financial Statements			11-17

Status			A Charitable		Company
Registered	Company	number	0554 7814
Incorporation	date		26 August 2005
Registered	Charity number		1111647
Principal			M R Daniel
Trustees			SBadger
			R H Cary
			A S Daniel
			M R Daniel
			R A Sherlock
			P Sullivan
Ministry office			Dunwood Oaks
			Danes Road
			Awbridge
			Romsey
			SO51 OGF
Registered	office		As above
Bankers			Caf Bank Ltd
			25 Kings Hill		Avenue
			Kings Hill
			West Mailing
			ME19 4TA
Independent	Examiner		D M Tripp F.A.I.A.
			Tree Tops
			Richmond Close
			Chandlers	Ford
			Hampshire
Accountants			David Tripp	&Co.
			Tree Tops
			Richmond Close
			Chandlers	Ford
			Hampshire

				2022	2021
		Unrestricted	Restricted	Total funds	Total funds
		funds	funds
INCOMING RESOURCES
Incoming resources from generated	funds
Voluntary income		226,476	13,540	240,016	241,576
Investment income		14,098		14,098	13,090
Total incoming resources		240,574	13,540	254,114	254,666
RESOURCES EXPENDED
Charitable activities
Cost of Activities		189,029	26,013	215,042	195,547
Support Costs		36,446		36,446	37,729
Governance costs		5,203		5,203	6,670
Total resources expended		230,678	26,013	256,691	239,946
NET INCOMING/ (OUTGOING) RESOURCES		9,896	(12,473)	(2,577)	14,720
RECONCILIATION OF FUNDS
Total funds brought forward		1,585,501	226,587	1,812,088	1,797,368
TOTAL FUNDS CARRIED FORWARD		1,595,397	214,114	1,809,511	1,812,088

		Note	2022	2021
Turnover		28 3	240,016	241,576
Direct costs of turnover		48 5	(251,488)	(233,276)
Gross surplus/(deficit)			(11,472)	8,300
Governance costs			(5,203)	(6,670)
Operating surplus/(deficit)			(16,675)	1,630
Other income:
Rent received			13,555	12,900
Interest received			543	190
Other expenditure:
Retained surplus/(deficit)	for the financial year		(2,577)	14,720

	Note			2022	2021
		Unrestricted	Restricted	Total funds	Total funds
		funds	funds
FIXEDASSETS
Tangible Assets	10	1,647,770	-	1,647,770	1,650,266
CURRENT ASSETS
Stocks		8,250		8,250	9,000
Debtors		6,434		6,434	2,774
Cash at bank & in hand		182,957	7,062	190,019	197,390
		197,641	7,062	204,703	209,164
CREDITORS
Amounts falling due within one year	12	42,962		42,962	47,342
Net Current Assets/(Liabilities)		154,679	7,062	161,741	161,822
TOTAL ASSETS LESSCURRENT LIABILITIES		1,802,449	7,062	1,809,511	1,812,088
NET ASSETS				1,809,511	1,812,088
CAPITAL AND RESERVES	14
Unrestricted income funds				1,595,397	1,585,501
Restricted income funds				214,114	226,587
				1,809,511	1,812,088

~De reciation
Depreciation is provided	at the following	annual	rates	in order to write off each asset over its useful
economic life
Freehold Property				not provided
Equipment, Fixtures 8	Fittings			15%reducing	balance
Motor vehicles				15%reducing	balance

2.VOLUNTARY	2022	2021
Donations	170,220	171,953
Orphans Fund	1,680	1,405
Gift Aid Tax Refunds	28,957	26,543
Conference Fees	4,160	300
Building Fund	11,860	13,661
Sozo Book Sales	23,139	27,714
	240,016	241,576

	240,016	241,576
3.INVESTMENT INCOME
Rent received	13,555	12,900
Interest received	543	190
	14,098	13,090

Year Ended 31 Oct	o	ber	2022
				2022	2021
4.COST OF ACTIVITIES
Wages 8 Staff Costs				115,346	101,030
Social Security				9,201	7,110
Conference Expenses				1,001
Sozo Book Purchases				12,528	11,468
Ministry Giving				9,889	10,698
Licenses
Rates &Water				4,123	5,691
Light & Heat				11,257	7,020
Insurance				2,925	2,510
Repairs & Maintenance				2,330	3,129
Telephone				2,525	2,764
Motor Expenses				2,133	1,547
Postage, Stationery	&Website			8,495	5,913
Refreshments				1,691	703
Faith School 8 Youth		Ministry		596	235
Literature					178
Copyright				521	496
Travel &Accommodation				175	285
Depreciation of Musical			Instruments	2,469	1,776
Depreciation of Ministry			Equipment	1,824	2,089
				189,029	164,642
Restricted: Orphans		Expenses		1,680	2,680
Restricted: Repairs	& Maintenance			24,333	28,225
				215,042	195,547
5.SUPPORT COSTS
Staff Costs				21,555	21,555
Social Security				1,193	1,193
Rates &Water				459	633
Light 8 Heat				1,251	781
Insurance				326	279
Telephone				1,684	1,843
Bank Charges				483	470
Credit Card Commission				58	38
Repairs 8 Maintenance				2,963	3,484
Sundry &Cleaning				334	407
Subscriptions				449	485
Depreciation of Furniture			8 Fittings	5,543	6,386
Depreciation of Motor		Vehicles		148	175
				36,446	37,729

Year Ended	31 October 2022
			2022	2021
6.GOVERNANCE COSTS
Accountancy			2,150	2,150
Legal 8 Professional Fees			53	1,520
Book-keeping	& Administration		3,000	3,000
			5,203	6,670
7.NET INCOMING/(OUTGOING)		RESOURCES
Net resources	are stated after charging/(crediting):
Depreciation	- owned assets		9,984	10,426
Accountancy	Costs —Independent	Examination	2,150	2,150
			12,134	12,576
8.TRUSTEES' REMUNERATION		AND BENEFITS
The emoluments of the Trustees		were:
Remuneration	of Trustees		14,557	13,296
Remuneration	for services other	than Trustees	75,165	68,649

Wages and	Salaries					128,196	116,086
Social Security Costs						10,394	6,398
Staff Healthcare						5,908	5,735
Pension Contributions						2,797	4,363
						147,295	132,582
No employee	received	emoluments	of	over f60,000 during	the year.
The average	number	of staff employed		by the trust during	the financial year amounted	to:
						2022	2021
Full-time						4	4
Part-time						1	1

						Land and	Plant and	Totals
						buildings	equipment
Cost at 1 November		2021				1,591,209	278,924	1,870,133
Additions in year							7,488	7,488
Disposals
Total at 31 October 2022						1,591,209	286,412	1,877,621
Depreciation at 1 November			2021				219,867	219,867
Depreciation on	disposals
Depreciation for	year						9,984	9,984
Total at 31 October 2022							229,851	229,851
Net Book Value	at 31 October			2022		1,591,209	56,561	1,647,770
Net Book Value	at 1	November		2021		1,591,209	59,057	1,650,266
The breakdown	of Land and		Buildings		is as follows:
						Freehold	Leasehold	Totals
						Property	Property
Cost:
At 1 November 2021						1,591,209		1,591,209
Additions in year
Disposals in year
At 31 October 2022						1,591,209		1,591,209

				2022	2021
11.DEBTORS:	AMOUNTS	FALLING DUE WITHIN ONE YEAR
Other Debtors				5,226	1,634
P repayments				1,208	1,140
				6,434	2,774
12.CREDITORS: AMOUNTS			FALLING DUE WITHIN ONE YEAR
Taxation and Social Security				682	2,731
Other Creditors	& Loans			38,350	40,665
Accruals				3,930	3,946
				42,962	47,342

14.MO	VE	MENT IN FUNDS
				Net	Transfers	At 31.10,22
				movement in	between
				funds	funds
Unrestricted		income funds:
General	fund		1,585,501	9,896		1,595,397
			1,585,501	9,896		1,595,397
Restricted		income funds:
Building	fund		222,568	(12,473)		210,095
Orphans	fund		4,019			4,019
			226,587	(12,473)		214,114
TOTAL	FUNDS		1,812,088	(2,577)		1,809,511

net movement	net movement	in	funds,	included
					Incoming	Resources	Movement in
					resources	expended	funds
Unrestricted		income funds:
General	fund				230,685	(220,789)	9,896
Designated funds			—Ministry	Giving	9,889	(9,889)
					240,574	(230,678)	9,896
Restricted income			funds
Building	fund				11,860	(24,333)	(12,473)
Orphans	fund				1,680	(1,680)
					13,540	(26,013)	(12,473)
TOTAL	FUNDS				254,114	(256,691)	(2,577)

Analysis of	Net Assets between Restricted and	Unrestricted Income Funds:
				Total
		Tangible	Other Net
		Fixed Assets	Assets
Restricted	income funds		214,114	214,114
Unrestricted	income funds	1,647,770	(52,373)	1,595,397
		1,647,770	161,741	1,809,511

Year Ended 31 Octo	ber 2022
		2022	2021
INCOMING RESOURCES
Voluntary Income:
Donations		170,220	171,953
Building Fund		11,860	13,661
Orphans Fund		1,680	1,405
Gift Aid tax refunds		28,957	26,543
Conference fees		4,160	300
Test Valley lockdown	grant
Sozo Books sales		23,139	27,714
		240,016	241,576
Investment Income:
Rent received		13,555	12,900
Interest received		543	190
Total incoming resources		254,114	254,666

RESOURCES EXPENDED	RESOURCES EXPENDED	RESOURCES EXPENDED			2022	2021
			Charitable	Support	Total costs	Total costs
			costs	costs
Wages &staff costs			115,346	21,555	136,901	122,585
Social Security			9,201	1,193	10,394	8,303
Conference Expenses			1,001		1,001
Sozo Book Purchases			12,528		12,528	11,468
Ministry Giving			9,889		9,889	10,698
Orphans' Expenses			1,680		1,680	2,680
Rates &Water			4,123	459	4,582	6,324
Light & Heat			11,257	1,251	12,508	7,801
Insurance			2,925	326	3,251	2,789
Licenses
Repairs 8 Maintenance			26,663	2,963	29,626	34,838
Telephone			2,525	1,684	4,209	4,607
Motor Expenses			2,133		2,133	1,547
Postage, Stationery &	Website		8,495		8,495	5,913
Refreshments			1,691		1,691	703
Faith School 8 Youth	Ministry		596		596	235
Literature						178
Copyright			521		521	496
Travel &Accommodation			175		175	285
Bank Charges				483	483	470
Credit Card Commission				58	58	38
Sundry &Cleaning				334	334	407
Subscriptions				449	449	485
Depreciation of Motor	Vehicles			148	148	175
Depreciation of Fixtures		& Fittings		5,543	5,543	6,386
Depreciation of Musical		Instruments	2,469		2,469	1,776
Depreciation of Ministry		Equipment	1,824		1,824	2,089
			215,042	36,446	251,488	233,276

Detailed &Summary Statement of Financial Activities Year Ended 31 October 2022	(continued)
	2022	2021
Governance costs
Accountancy	2,150	2,150
Legal & Professional Fees	53	1,520
Book-keeping 8 Administration	3,000	3,000
	5,203	6,670
Total resources expended	256,691	239,946
NET INCOME/(EXPENDITURE)	(2,577)	14,720