PCEA�UK�OUTREACH�
Company�Limited�by�Guarantee�
Financial�Statements�
Year�ended�31�January�2021�
| Contents | |
|---|---|
| Page | |
| ReferenceandAdministrativeDetailsoftheCharity | |
| Trustee’sReport | 4�7 |
| Independentexaminer’sreport | 8 |
| Statementoffinancialactivities | 9 |
| Balancesheet | 10 |
| Cashflowstatement | 11 |
| Notestothefinancialstatements | 12�21 |
| Detailedstatementoffinancialactivities | 22�24 |
Page� 1 �of� 24
PCEA�UK�OUTREACH�
Company�Limited�by�Guarantee�
Reference�and�Administrative�Details�of�the�Charity�
Year�ended�31�January�2021�
Reference�and�Administrative�Details�of�the�Charity�
Registered�charity�name������������������ PCEA�UK�OUTREACH� Charity�registration�number����������� 1142197� Company�registration�number������� 06066020� Principal�office�and�registered������ 395�Barking�Road�� Office����������������������������������������������� London� England� E13�8AL� Bankers�� HSBC�Bank�plc� London������������� The�Trustees�������������������������������������������������Mr�Reuben�Anthony�Samson�John� Rev.�Mr�Edwin�Mbugua�Kibathi� Mr�Stephen�Waithaka� Rev.�Paul�Kariuki�IRAD�(Joined�15/09/2020� Rev.�John�Mwangi�NGURE�(Joined�15/09/2020)� Company�Secretary�� Grace�Kamau�� Independent�Examiner������������������ TNG�Accountants�and�Business�Consultants�� 50�Welford�Road� Reading�� Berkshire�� RG5�4QS�
Page� 2 �of� 24
PCEA�UK�OUTREACH�
Company�Limited�by�Guarantee�
Trustees’�Annual�Report�(Incorporating�the�Director’s�Report)��
Year�ended�31�January�2021�
The�Trustees�of�PCEA�UK�Outreach�for�the�purposes�of�company�law,�present�this�report�and�the� unaudited�financial�statements�of�the�charity�for�the�year�ended�31�January�2021,�which�have�been� independently�examined�by�TNG�accountants�and�Business�Consultants�Ltd.�
This�Trustees’�Report�is�not�only�to�fulfil�the�legal�and�statutory�requirements,�but�it�is�intended�to� explain�the�activities�and�future�of�this�charity.�
Structure,�governance,�and�management�
The�charity�is�managed�and�run�by�the�trustees�according�to�its�constitution.�The�Constitution�was� adopted�in�2007.�There�have�been�no�changes�to�the�Constitution,�Objects�or�Objectives�since�the� last�annual�report.�The�trustees�are�responsible�for�managing�and�safeguarding�the�assets�of�the� charity.�
METHOD�OF�APPOINTMENT�OR�ELECTION�OF�TRUSTEES�
The�strategic�oversight�of�the�charity�is�the�responsibility�of�the�Trustees�who�are�elected�and/or�co� opted�under�the�terms�of�the�written�Constitution.�
POLICIES�ADOPTED�FOR�THE�INDUCTION�AND�TRAINING�OF�TRUSTEES�
New�Trustees�are�provided�with�a�copy�of�the�Charity's�Constitution,�Policy�Book�and�minutes�of�the� Board�of�Trustees�meetings�for�the�past�year.�Each�Trustee�also�receives�a�copy�of�the�Charity� Commission�document�"The�Essential�Trustee���what�you�need�to�know"�and�the�Charity�Commission� newsletters�as�they�are�published.�
During�their�term�of�office,�Trustees�are�provided�with�regular�opportunities�for�learning�and� continuing�Trustee�development�through�technical�briefings,�presentations�and�updates�on�the� charity�sector�plus�any�specific�strategic�projects�being�undertaken�by�the�Charity�and�its�local� congregations.�
The�Trustees�due�met�four�times�during�the�year,�to�direct�the�activities�of�the�charity.�Between� meetings,�the�day�to�day�operations�are�managed�by�three�executive�officers�(Head�of�the�church,� Secretary�and�Treasurer),�all�of�whom�are�also�Trustees�except�for�the�Secretary.�
RISK�MANAGEMENT�
The�Trustees�have�assessed�the�major�risks�to�which�the�charity�is�exposed,�in�particular�those� related�to�the�operations�and�finances�of�the�charity.�A�complete�review�has�been�made�to�ensure� robust�systems,�internal�controls�and�procedures�are�in�place�and�in�operation�to�mitigate�exposure� to�the�major�risks.�
Page� 3 �of� 24
PCEA�UK�OUTREACH�
Company�Limited�by�Guarantee�
Trustees’�Annual�Report�(Incorporating�the�Director’s�Report)� (continued)�
Year�ended�31�January�2021�
RELATED�PARTY�RELATIONSHIPS�
The�charity�has�relationships�with�the�Presbyterian�Church�of�Ireland.�
Objectives,�Activities�and�Public�Benefit�
POLICIES�AND�OBJECTIVES�
The�principal�object�of�the�charity�is�to�proclaim�and�teach�the�everlasting�gospel�of�Jesus�Christ�as� understood�by�the�world�wide�Presbyterian�Church�of�East�Africa.�
STRATEGIES�FOR�ACHIEVING�OBJECTIVES�
The�Charity�fulfils�its�aim�by�supporting�local�congregations�in�its�main�Church�based�in�East�London� and�other�local�branches�located�in�Luton�and�in�Reading.�
CHARITY�FUNDS�AND�RESERVES�POLICY�
The�charity's�reserves�are�generated�from�either�restricted�funds�or�unrestricted�funds:�
Restricted�funds:�
�Restricted�funds�are�generated�when�the�donor�stipulates�how�their�donation�may�be�spent.��Most� of�the�charity’s�restricted�funds�are�departmental�agency�accounts�held�by�charity�on�behalf�of� church�departments;�Men’s�fund,�Women’s�fund,�Youth�funds�and�funds�collected�for�the�purchases� of�church�buildings.��
Unrestricted�funds�
Unrestricted�funds�are�generated�when�the�donor�does�not�stipulate�how�their�donation�may�be� spent.�Unrestricted�funds�include�designated�funds,�where�the�Trustees�have�set�aside�monies�for�a� specific�purpose.�At�31st�December�2021,�the�principal�funds�were:�
Tithe�fund�
Tithe�Fund�represents�contributions�by�members�our�congregations.�The�use�of�Tithe�is�restricted�by� Church�policy�to�the�support�of�Church�Ministry�in�the�form�of�Pastoral�support�and�the�structures� required�to�deliver�Ministry.�Non�tithe�funds�includes,�thanks�offerings�and�other�general�offerings.�
Achievements�and�performance�
REVIEW�OF�ACTIVITIES�FOR�2020��
Women’s�and�Men’s�Ministry�departments�began�to�focus�on�laying�foundations�through� reconnecting,�establishing,�and�supporting�congregations�with�building�bridges�among�churches�and� communities.�These�departments�held�virtual�meetings�where�they�invited�guest�speakers.�These� meetings�were�geared�towards�spiritual�revival�and�family�life.��
Page� 4 �of� 24
PCEA�UK�OUTREACH�
Company�Limited�by�Guarantee�
Trustees’�Annual�Report�(Incorporating�the�Director’s�Report)� (continued)
Year�ended�31�January�2021�
Youth�Department�
The�youth�department�was�very�much�involved�in�voluntary�work/�evangelism�and�mostly�helping� with�shopping,�collecting�medicines�for�the�sick,�elderly�and�most�vulnerable�during�the�peak�of�the� Covid�19�pandemic.�They�also�held�regular�virtual�spiritual�revival�meetings.�
IMPACT�OF�THE�CORONAVIRUS�PANDEMIC�
The�Trustees�have�considered�the�potential�impact�of�the�Coronavirus�pandemic�since�the�yearend,� and�the�various�measures�taken�in�the�UK�to�contain�it,�on�the�operations�of�the�charity�in�the�near� future.�The�trustees�have�taken�steps�to�mitigate�the�financial�impact�on�the�charity’s�affairs,�by�both� ensuring�income�can�be�collected�and�carefully�managing�expenditure.�These�steps�are�intended�to� continue�throughout�the�current�lockdown�restrictions�and�the�Trustees�have�no�reason�to�believe� that�they�will�not�be�effective�in�the�event�of�future�restrictions.�They�are�confident�that�the� measures�taken,�together�with�the�financial�stability�of�the�charity,�will�enable�it�to�continue�to� operate�for�the�foreseeable�future.�
Strategic�report�
The�following�sections�for�achievements�and�performance�and�financial�review�from�the�strategic� report�of�the�charity.�
Achievements�and�performance�
The�charity�is�a�religious�organisation�and�during�the�year�the�charity�performed�various�activities� successfully�such�as�women�activities,�men�activities�and�youth�activities�in�the�UK�and�other� geographical�areas.�
Financial�review�
The�Trustees�consider�that�there�is�a�reasonable�expectation�that�the�Charity�has�adequate� resources�to�continue�in�operational�existence�for�the�foreseeable�future�and�for�this�reason,�the� Trustees�continue�to�adopt�the�'going�concern'�basis�in�preparing�the�accounts.�
Page� 5 �of� 24
PCEA�UK�OUTREACH�
Company�Limited�by�Guarantee� Trustees’�Annual�Report�(Incorporating�the�Director’s�Report)� (continued) Year�ended�31�January�2021�
Restricted�and�Unrestricted�Funds�and�Reserves�
Restricted�funds�are�generated�when�the�donor�stipulates�how�their�donation�may�be�spent.�In�most� cases�there�will�be�a�time�lag�between�when�such�funds�are�received�and�when�they�are�expended.�
At�31�January�2021,�restricted�funds�for�the�charity�totalled�£237,915�(2020:�£230,629).�
Unrestricted�funds�are�generated�when�the�donor�does�not�stipulate�how�their�donation�may�be� spent.�Unrestricted�funds�include�designated�funds,�where�the�Trustees�have�set�aside�monies�for�a� specific�purpose.�At�31�January�2021,�the�principal�unrestricted�funds�were:�
Tithe�funds�amounted�to�£17,260�(2020:�£18,619),�
At�31�January�2021,�unrestricted�funds�for�the�charity�totalled�£40,526�(2020:�£36,596).�
Small�company�provisions��
This�report�has�been�prepared�in�accordance�with�the�provisions�applicable�to�companies�entitled�to� the�small�companies’�exemption.�
The�trustees’�annual�report�and�the�strategic�report�were�approved�on�01�November�2021�and� signed�on�behalf�of�the�board�of�trustees�by:�
Mr�Stephen�Waithaka��
Trustee
Page� 6 �of� 24
PCEA UK OLrrREACH Comparry Limited by Guarathtee I report to the trustees on my examination of the finandal statements of PCEA UK OWREACH I'the tharitl forthe year ended 31 January 2021. Responslbmhies and basis of report As the trustees of the company {and its directors for the PUTP)ses of company lawl you a responsible for the preparation of the finanaal Statements in accordance with the requirement5 of the Companies Act 2006 (the 2LK)6 ACV) Havin£ satlsfied myself that the accounts of the company are not requlred to be audited under Part 16 of the 26 Act and are eliglble for the independent examlnation, I report in respect of my examinatlon of the charlS accounts as carried out under sectton 145 of the Charities Act 2011 Ithe 2011 ACVI. In carrying OLrt my examination I have followed the Dlrectlons given by the Charlty Commls5ion under 5ertlon 14515)Ibl ofthe 2011 ACL Independ*rrt examlnerfs statement I have completed my examlnation. I corffim) that no matters have corne to my attentlon in connection wlth the examination Wvln8 me cause to belleve: l. a¢countlng records were not kept In respect of the dkrity as required by sertion 386 of the 26 Act., or 2. the finandal sLitements do not accord with those records: or 3. the financial statements do not COrnp with the accounting wulrements of sectlon 396 of the 2(K)6 Act or other than any requirement that the accountants give a 'true and fairf view which is not a matter considered as part of an independent examination: or 4. the finanoal statements have not been prepared in accordance with the methods and prfnciples of the Statement of Recommended Practice for accountlng and reporting by th3ritie5 applicable to charities preparing their accounts in accordan with the Finanoal Reporting Stsndard applicable in the VK and Republic of Ireland IFRS 1021. I have rK¥ concerns and have come across no other matters in connection wfth the examination to which attentton should be awn in this report in order to enable a proper understanding of the accounts to be reached. Thomas N Gitau, CP4 MB For.. TNG Accountants and Bu&ness Consultants Ltd. Readin& Berkshi. England. Page 7 of 24
PCEA�UK�OUTREACH Company�Limited�by�Guarantee Charity�Statement�of�Financial�Activities For�the�year�ended�31�January�2021
| Unrestricted Restricted Funds Funds £ £ Incomefromdonationsandlegacies Donations 6 50,655 11,477 Investmentincome 7 � 285 2021 |
Unrestricted Restricted Funds Funds £ £ Incomefromdonationsandlegacies Donations 6 50,655 11,477 Investmentincome 7 � 285 2021 |
Unrestricted Restricted Funds Funds £ £ Incomefromdonationsandlegacies Donations 6 50,655 11,477 Investmentincome 7 � 285 2021 |
Total Funds £ 62,133 285 |
2020 Total Funds £ 95,643 654 |
|---|---|---|---|---|
| Totalincome | 50,655 | 11,762 | 62,417 | 96,297 |
| Expenditureon: Costofraisingfunds: Charitableactivities Governance Totalexpenditure 8 Netincome/(expenditure) Transfersbetweenfunds Netmovementinfunds Totalfundsbroughtforward |
36,203 5,666 41,869 8,786 (4,856) 3,930 36,596 |
� 36,203 72,968 9,332 14,998 111 9,332 51,201 73,079 2,430 11,216 23,218 4,856 � � 7,286 11,216 23,218 230,629 267,225 244,007 |
72,968 111 |
|
| 73,079 | ||||
| 23,218 � |
||||
| Totalfundscarriedforward 17 |
40,526 | 237,915 | 278,441 | 267,225 |
All�income�and�expenditure�are�derived�from�continuing�activities There�were�no�recognised�gains�and�losses�included�in�the�statement�of�financial�activities
The�notes�on�pages�11�to�21�form�part�of�these�accounts.
Page� 8 �of� 24
PCEA�UK�OUTREACH Company�Limited�by�Guarantee Balance�Sheet
As�at�31�December�2021
PCEA�UK�OUTREACH Company�Limited�by�Guarantee Balance�Sheet As�at�31�December�2021
| FixedAssets TangibleFixedAssets 15 CurrentAssets Prepaidexpense 14 |
2021 2020 £ £ 4,648 4,205 4,648 4,205 499 � |
|---|---|
| Debtors 14 � 3,650 |
|
| Cashatbank TotalCurrentAssets Creditors:Amountduewithinayear 16 NetCurrentAssets TotalNetAssets Fundbalances Unrestricted Restricted TotalFunds 17 |
274,295 260,571 274,794 264,221 1,000 1,200 273,794 263,021 278,442 267,225 40,526 36,596 237,915 230,629 278,441 267,225 |
Approved�and�authorised�for�issue�by�the�Board�of�Trustees�on� 1�November�2021 and�signed�on�its�behalf�by:
Mr.�Stephen�Waithaka Treasurer
The�notes�on�pages�11�to�21�form�part�of�these�accounts.
Page� 9 �of� 24
PCEA�UK�OUTREACH Company�Limited�by�Guarantee Cash�flow�statements
For�the�year�ended�31�January�2021
| Note 2021 £ Cashflowfromoperatingactivities Netcashprovidedby(usedin)operatingactivities 19 15,444 Cashflowfrominvestingactivities Netcashflowprovidedby(usedin)/providedbyinvesting activities 20 (1,719) Changeincashandcashequivalentintheyear 13,725 Cashandcashequivalentsatthebeginningoftheyear 260,571 Cashandcashequivalentsattheendofoftheyear 274,295 |
2020 £ 20,666 142 |
|---|---|
| 20,809 239,762 |
|
| 260,571 |
The�notes�on�pages�11�to�21�form�part�of�these�accounts.
Page� 10 �of� 24
PCEA�UK�OUTREACH�
Company�Limited�by�Guarantee�
Notes�to�the�Financial�Statements��
Year�ended�31�January�2021�
1. General�information�
The�charity�is�public�benefit�entity�and�a�private�company�limited�by�guarantee,�registered�in� England�and�Wales,�and�registered�as�a�charity�in�England�and�Wales.�The�address�of�the�registered� office�is�395�Barking�Road,�London,�England,�E13�8AL.�
2. Statement�of�compliance��
These�financial�statements�have�been�prepared�in�compliance�with�FRS�102,�‘The�Financial�Reporting� Standard�applicated�in�the�UK�and�Republic�of�Ireland,’�the�Statement�of�Recommended�Practice� applicated�to�charities�preparing�their�accounts�in�accordance�with�the�Financial�Reporting�Standard� applicable�in�the�UK�and�Republic�of�Ireland�(FRS102)�(Charities�SORP�(FRS102))�and�the�Companies� Act�2006.�
3.Accounting�Policies
3.1�Basis�of�preparation
The�financial�statements�have�been�prepared�under�the�historical�cost�convention,�as�modified�by� the�revaluation�of�certain�fixed�assets�and�liabilities�and�investment�properties�measured�at�fair� value�through�income�and�expenditure.��
The�financial�statements�are�prepared�in�British�sterling�pound,�which�is�the�functional�currency� of�the�entity.�
3.2�Incoming�resources�
Voluntary�income�by�way�of�donations�and�gifts�to�the�charity�is�included�in�full�in�the�statement� of�financial�activities�when�received.��Intangible�income�is�not�included�unless�it�represents�goods� or�services�which�would�have�otherwise�been�purchased.�
Legacies�are�monitored�from�the�time�of�notification�to�their�final�receipt.��They�are�only�included� in�the�financial�statements�when�there�is�sufficient�evidence�that�the�legacy�will�be�received,�and� the�value�can�be�measured�with�sufficient�reliability.�The�charity�does�not�recognize�any�pending� legacies�unless�conditions�for�recognition�have�been�met.�
3.3�Going�concern�
The�trustees�have�assessed�whether�the�use�of�going�concern�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�the�approval�of�these�financial�statements.�After�making�enquiries,�the� trustees�have�concluded�that�there�a�reasonable�expectation�that�the�charity�has�adequate� resources�to�continue�in�operational�existence�for�the�foreseeable�future.�The�charity�therefore� continues�to�adopt�the�going�concern�basis�in�preparing�its�financial�statements.�
Page� 11 �of� 24
PCEA�UK�OUTREACH�
Company�Limited�by�Guarantee�
Notes�to�the�Financial�Statements� (continued) Year�ended�31�January�2021�
3.4�Fund�accounting�
Restricted�funds�are�those�which�are�to�be�used�for�the�specified�purposes�as�laid�down�by�the� donor.��Expenditure�which�meets�these�criteria�is�allocated�to�the�appropriate�fund.�The�nature�of� restriction�is�further�explained�in�the�notes�to�the�financial�statements.�
Designated�funds�are�those�which�have�been�set�aside�by�the�administration�with�the�consent�of� trustees�for�specific�anticipated�purposes�or�events.�The�aim�and�use�of�each�designated�fund�are� set�out�in�the�notes�to�the�financial�statements.�
General�or�Unrestricted�funds�are�donations�and�other�income�received�or�generated�for�the� furtherance�of�the�objects�of�the�charity�without�specified�purposes�and,�therefore,�are�available� as�general�funds.�
Investment�income,�gains�and�losses�are�allocated�to�the�appropriate�fund.�
3.5�Impairment�of�fixed�assets�
A�review�for�indicators�of�impairment�is�carried�out�at�each�reporting�date,�with�the�recoverable� amount�being�estimated�where�such�indicators�exist.�Where�the�carrying�value�exceeds�the� recoverable�amount,�the�asset�is�impaired�accordingly.�Prior�impairments�are�also�reviewed�for� possible�reversal�at�each�reporting�date.�
For�the�purposes�of�impairment�testing,�when�it�is�not�possible�to�estimate�the�recoverable� amount�of�an�individual�asset,�an�estimate�is�made�of�the�recoverable�amount�of�the�cash� generating�unit�to�which�the�asset�belongs.�The�cash�generating�unit�is�the�smallest�identifiable� group�of�assets�that�includes�the�asset�and�generates�cash�inflows�that�largely�independent�of�the� cash�inflows�from�other�assets�or�groups�of�assets.�
For�impairment�testing�of�goodwill,�the�goodwill�acquired�in�a�business�combination�is,�from�the� acquisition�date,�allocated�to�each�of�the�cash�generating�units�that�are�expected�to�benefit�from� the�synergies�of�the�combination,�irrespective�of�whether�other�assets�or�liabilities�of�the�charity� are�assigned�to�those�units.�
Page� 12 �of� 24
PCEA�UK�OUTREACH�
Company�Limited�by�Guarantee�
Notes�to�the�Financial�Statements� (continued)
Year�ended�31�January�2021�
3.6�Grant�making�policies�
The�trustees�allocate�grants�in�accordance�with�the�objects�set�out�in�the�Memorandum�and� Articles�of�Association�of�the�charitable�company,�which�are�summarised�in�the�Trustees'�Annual� Report.�In�general,�grants�are�made�to�associated�charities�through�appropriate�committee� requests�and�policy�arrangements�rather�than�public�application.�
3.7�Incoming�resources�
All�incoming�resources�are�included�in�the�Statement�of�Financial�Activities�when�the�charity�is� legally�entitled�to�the�income�and�the�amount�can�be�quantified�with�reasonable�accuracy.���
For�legacies,�entitlement�is�the�earlier�of�the�charity�being�notified�of�an�impending�distribution� or�the�legacy�being�received.�
Donated�services�or�facilities,�which�comprise�donated�services,�are�included�in�income�at�a� valuation�which�is�an�estimate�of�the�financial�cost�borne�by�the�donor�where�such�a�cost�is� quantifiable�and�measurable.���No�income�is�recognised�where�there�is�no�financial�cost�borne�by� a�third�party.�
Income�tax�recoverable�in�relation�to�investment�income�is�recognised�at�the�time�the�investment� income�is�receivable.�
3.8�Resources�expended�
All�expenditure�is�accounted�for�on�an�accruals�basis�and�has�been�included�under�expense� categories�that�aggregate�all�costs�for�allocation�to�activities.��Where�costs�cannot�be�directly� attributed�to�particular�activities,�they�have�been�allocated�on�a�basis�consistent�with�the�use�of� the�resources.�
Fundraising�costs�are�incurred�in�seeking�voluntary�contributions�and�do�not�include�the�costs�of� disseminating�information�in�support�of�the�charitable�activities.��Support�costs�are�those�costs� incurred�directly�in�support�of�expenditure�on�the�objects�of�the�charity�and�included�project� management�carried�out�at�Headquarters.��Governance�costs�are�those�incurred�in�connection� with�administration�of�the�charity�and�compliance�with�constitutional�and�statutory� requirements.�
Page� 13 �of� 24
PCEA�UK�OUTREACH�
Company�Limited�by�Guarantee�
Notes�to�the�Financial�Statements� (continued)�
Year�ended�31�January�2021�
Grants�payable�are�charged�in�the�year�when�the�offer�is�made,�except�in�those�cases�where�the� offer�is�conditional,�such�grants�being�recognised�as�expenditure�when�the�conditions�attaching� are�fulfilled.���Grants�offered�subject�to�conditions�which�have�not�been�met�at�the�year�end�are� noted�as�a�commitment,�but�not�accrued�as�expenditure.�Staff�costs�and�overhead�expenses�are� allocated�to�activities�based�on�time�spent�on�those�activities.�Resources�expended�are�included� in�the�Statement�of�Financial�Activities�on�an�accrual’s�basis.�All�costs�include�value�added�tax� where�applicable.�
3.9�Risk�mitigation�
The�Trustees�have�considered�the�major�risks�to�which�the�charity�is�exposed�and�established� systems�or�procedures�in�order�to�manage�those�risks.�They�are�supported�in�this�regard�by� Adventist�Risk�Management�who�create�awareness�of�risk�for�the�world�wide�operations�of�the� church�and�source�cover�to�mitigate�attendant�risks.�
3.10�Fixed�Assets�
Depreciation�is�provided�on�tangible�fixed�assets�on�reducing�balance�in�order�to�write�off�each� asset�over�its�expected�economic�life.��The�rates�of�depreciation�applied�to�each�class�of�asset�are:�
Office�fixtures�and�equipment�����20���33%��
Computer�equipment�������������������20���33%�
Items�of�furniture�and�equipment�costing�less�than�£300�each�are�treated�as�an�expense�on� acquisition.�
3.11�Accounting�for�local�congregation�funds�
A�sound�organisational�structure,�good�financial�management�and�control�have�always�been� characteristic�of�the�PCEA�UK�Outreach.��Congregations�are�considered�to�be�members�of�a�self� financing�churches�and�branches.�
3.12�Financial�instruments�
a.�Cash�and�cash�equivalents�
Cash�and�cash�equivalents�include�cash�at�banks�and�in�hand�and�short�term�deposits�with�a� maturity�date�of�three�months�or�less.�
b.�Debtors�and�creditors�
Debtors�and�creditors�receivable�or�payable�within�one�year�of�the�reporting�date�are�carried�at� them�at�transaction�price.�Debtors�and�creditors�that�are�receivable�or�payable�in�more�than�one� year�and�not�subject�to�a�market�rate�of�interest�are�measured�at�the�present�value�of�the� expected�future�receipts�or�payment�discounted�at�a�market�rate�of�interest.�
Page� 14 �of� 24
PCEA�UK�OUTREACH�
Company�Limited�by�Guarantee�
Notes�to�the�Financial�Statements� (continued)
Year�ended�31�January�2021�
4.�Critical�accounting�estimates�and�judgments����
In�the�application�of�the�Charity’s�accounting�policies,�the�Trustees�are�required�to�make� judgements,�estimates�and�assumptions�about�the�carrying�amount�of�assets�and�liabilities�that�are� not�readily�apparent�from�other�sources.�The�estimates�and�associated�assumptions�are�based�on� historical�experience�and�other�factors�that�are�considered�to�be�relevant.�Actual�results�may�differ� from�these�estimates.���������������
The�estimates�and�underlying�assumptions�are�reviewed�on�an�ongoing�basis.�Revisions�to� accounting�estimates�are�recognised�in�the�period�in�which�the�estimate�is�revised,�if�the�revision� affects�only�that�period,�or�in�the�period�of�the�revision�and�future�periods�if�the�revision�affects�both� current�and�future�periods.�The�following�judgements�and�estimates�have�had�the�most�significant� effect�on�amounts�recognised�in�the�financial�statements:�
The�Charity�makes�an�estimate�of�the�recoverable�value�of�trade�and�other�debtors.�When�assessing� impairment�of�trade�and�other�debtors,�Trustees�consider�factors�including�the�current�credit�rating� of�the�debtor,�the�ageing�profile�of�debtors�and�historical�experience.�
The�annual�depreciation�charge�for�fixed�assets�is�sensitive�to�changes�in�the�estimated�useful� economic�lives�and�residual�values�of�the�assets.�The�useful�economic�lives�and�residual�values�are� re�assessed�annually.�They�are�amended�when�necessary,�to�reflect�current�estimates,�based�on� technological�advancement,�future�investments,�economic�utilisation,�and�the�physical�condition�of� the�assets.�See�note�13�for�the�carrying�amount�of�the�property,�plant,�and�equipment.�
5.�Limited�by�guarantee
The�charity�is�limited�by�guarantee.�
Page� 15 �of� 24
PCEA�UK�OUTREACH�
Company�Limited�by�Guarantee�
Notes�to�the�Financial�Statements� (continued)
Year�ended�31�January�2021�
6 Income�from�donations�and�legacies
| Incomefromdonationsandlegacies | ||||||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | |
| Funds | Funds | Funds | Funds | Funds | Funds | |
| £ | £ | £ | £ | £ | £ | |
| Tithedonationsfrommembersofcongregation | 32,610 | � | 32,610 | 17,028 | � | 17,028 |
| Non�Tithedonationsfrommembersofcongregation | 4,355 | � | 4,355 | 44,982 | � | 44,982 |
| Thanksofferingdonations | 490 | � | 490 | � | � | � |
| Appropriationsreceived | 13,200 | � | 13,200 | 16,500 | � | 16,500 |
| MaasaiMissionofferings | 1,250 | 1,250 | � | � | � | |
| Fundraising | � | � | � | 3,015 | � | 3,015 |
| Groupcontributions | � | � | � | 3,540 | � | 3,540 |
| Menfund | � | 3,984 | 3,984 | � | � | � |
| Womenfund | � | 4,443 | 4,443 | � | 1,058 | 1,058 |
| Youthgrantfund | � | � | � | � | 9,520 | 9,520 |
| Donationsforchurchbuilding | � | 1,800 | 1,800 | � | � | � |
| TotalIncomefromdonationsandlegacies | 50,655 | 11,477 | 62,133 | 85,065 | 10,578 | 95,643 |
7 Investment�Income
| 7 InvestmentIncome | |||
|---|---|---|---|
| 2021 | 2020 | ||
| Unrestricted Restricted |
Total | Unrestricted Restricted Total |
|
| BankInterestreceived Bankcharges |
Funds Funds � 285 � � � 285 |
Funds 285 � 285 |
Funds Funds Funds � 679 679 � (25) (25) � 654 654 |
8 Expenditure�by�Charitable�Activity
| 8 ExpenditurebyCharitableActivity | ||||
|---|---|---|---|---|
| 2021 | 2020 | |||
| Summarybyfundtype ChurchMinistry Objectivesinothergeographicalareas TotalCharitableExpenditure |
UnrestrictedRestricted Total Funds Funds Funds £ £ £ 36,203 9,332 45,535 5,666 � 5,666 41,869 9,332 51,201 |
Total Funds £ 72,968 111 |
||
| 73,079 | ||||
Page� 16 �of� 24
PCEA�UK�OUTREACH�
Company�Limited�by�Guarantee�
Notes�to�the�Financial�Statements� (continued)�
Year�ended�31�January�2021�
| 9 Analysisofgrants Charity�EvangelismGrants&Support 2021 2020 £ £ NameofCharity/grant StratfordChurches 250 � Memorialcommunitychurch 500 � BenevolentSupport 1,994 2,744 � 10 Governancecosts 2021 2020 £ £ IndependentExaminer'scosts 1,000 1,200 Trusteeexpenses � 1,800 1,000 3,000 |
9 Analysisofgrants Charity�EvangelismGrants&Support 2021 2020 £ £ NameofCharity/grant StratfordChurches 250 � Memorialcommunitychurch 500 � BenevolentSupport 1,994 2,744 � 10 Governancecosts 2021 2020 £ £ IndependentExaminer'scosts 1,000 1,200 Trusteeexpenses � 1,800 1,000 3,000 |
|---|---|
| 10 Governancecosts IndependentExaminer'scosts Trusteeexpenses |
|
| 11 Netresourcesexpended Total Total 2021 2020 Thisisstatedaftercharging: £ £ Depreciationoftangiblefixedassets: 1,549 1,401 Reimbursementofexpensesoftrustee 674 � Feespayabletothecharity'sindependentexaminer forthereviewofannualaccounts 1,000 1,200 3,223 2,601 |
Page� 17 �of� 24
PCEA�UK�OUTREACH�
Company�Limited�by�Guarantee�
Notes�to�the�Financial�Statements� (continued)
Year�ended�31�January�2021�
| 12 StaffCosts 2021 2020 Staffcostswereasfollows: £ £ WagesandSalaries � � 2021 2020 Theeveragenumberofemployeesduringtheyear inthefollowingcategorieswere: Charitableactivities(Volunteers) 4 2 Supportactivities(Volunteers) � � Managementandadministration(Volunteers) 5 3 Nonereceivedremunerationtomorethan£60,000duringtheyear |
12 StaffCosts 2021 2020 Staffcostswereasfollows: £ £ WagesandSalaries � � 2021 2020 Theeveragenumberofemployeesduringtheyear inthefollowingcategorieswere: Charitableactivities(Volunteers) 4 2 Supportactivities(Volunteers) � � Managementandadministration(Volunteers) 5 3 Nonereceivedremunerationtomorethan£60,000duringtheyear |
|---|---|
| 13 Trustees'transactions 2021 2020 £ £ Allowancespaidtotrustees(2020:onetrustee) Keymanagement � 1,800 Othertrustees � � Amountsduetotrusteesat31January � � Keymanagement � � Exceptforexpensesreimbursementnotrusteeswerepaidasremuneration |
|
| 2021 2020 £ £ � 3,650 499 � 499 3,650 |
|
| 14 Debtors Duewithinoneyear Tradedebtors PrepaidAirtickets |
Page� 18 �of� 24
PCEA�UK�OUTREACH�
Company�Limited�by�Guarantee�
Notes�to�the�Financial�Statements� (continued )�
Year�ended�31�January�2021�
| 15 TangibleFixedAssets AsatFebruary1 Additions AsatJanuary31 Depreciation AsatFebruary1 Chargefortheyear AsatJanuary31 NetBookValue AsatFebruary1 AsatJanuary31 |
Operational Operational Equipment Equipment 2021 2020 £ £ 16,454 15,942 1,992 512 18,446 16,454 12,249 10,848 1,549 1,401 13,798 12,249 4,205 5,094 4,648 4,205 |
|---|---|
| 16 Creditors:Amountsfallingduewithinoneyear 2021 2020 £ £ IndependentExamimer'scost 1,000 1,200 |
Page� 19 �of� 24
PCEA�UK�OUTREACH�
Company�Limited�by�Guarantee�
Notes�to�the�Financial�Statements� (continued)
Year�ended�31�January�2021�
17 Statement�of�Funds
| DesignedFunds InvestedinProperty TotalDesignedFunds GeneralFunds TitheFund OtherGeneralFunds TotalGeneralFunds TotalUnrestictedFunds RestrictedFunds ChuchBuildingFunds WomenFunds MenFunds YouthFunds Maasai/Kimanjuevagelismfunds TotalRestrictedFunds TotalFunds |
Brought Incoming Resources Transfers Carried Forward Resources Expended In/(Out)Forward £ £ £ £ £ 4,205 � 1,549 1,992 4,648 |
|---|---|
| 4,205 � 1,549 1,992 4,648 |
|
| 20,853 32,610 36,203 � 17,260 11,539 18,045 4,117 (6,848) 18,619 |
|
| 32,391 50,655 40,320 (6,848) 35,879 |
|
| 36,596 50,655 41,869 (4,856) 40,526 |
|
| 216,602 2,085 250 6,000 224,437 3,804 4,443 2,812 � 5,435 3,761 3,984 3,360 � 4,385 6,462 � 1,660 (1,144) 3,658 � 1,250 1,250 � � |
|
| 230,629 11,762 9,332 4,856 237,915 |
|
| 267,225 62,417 51,201 � 278,441 |
Page� 20 �of� 24
PCEA�UK�OUTREACH�
Company�Limited�by�Guarantee�
Notes�to�the�Financial�Statements� (continued)
Year�ended�31�January�2021�
| 18 Analysisofnetassetsbetweenfunds Tangiblefixedassets CurrentAssets Creditorsduewithinoneyear Creditorsdueinmorethanoneyear TotalFunds |
Unrestricted Funds £ 4,648 20,315 (1,000) � 23,963 |
Restricted Funds £ 254,479 � 254,479 |
Total Total 2021 2020 £ £ 4,648 4,205 274,794 264,221 (1,000) (1,200) � � 278,441 267,225 |
Total Total 2021 2020 £ £ 4,648 4,205 274,794 264,221 (1,000) (1,200) � � 278,441 267,225 |
|---|---|---|---|---|
| 19 NetCashflowfromoperatingactivities 2021 2020 £ £ Netincomingresourcesbeforerevaluations 11,216 23,218 Interestreceived (272) (654) Depreciationoftangibleassets 1,549 1,401 (Increase)/Decreaseindebtors 3,650 (3,300) (Increase)/Decreaseinprepaidexpenses (499) � Increase/(Decrease)increditors (200) 1 15,444 20,666 20 AnalysisofCashflowfrominvestingactivities 2021 2020 £ £ Dividends,interestandrentfrominvestments Interestreceived 285 679 Interestpaid (13) (25) 273 654 Purchaseofcomputers (1,992) (512) |
||||
| 20,666 | ||||
| 2020 £ 679 (25) |
||||
| 654 (512) |
||||
| NetCashflowfrominvestingactivities | (1,719) | 142 | ||
21.Related�Party�transactions�
The�charity�is�not�affiliated�to�any�other�entity�in�the�UK.�
Page� 21 �of� 24
PCEA�UK�OUTREACH� Company�Limited�by�Guarantee� Management�Information� Year�ended�31�January�2021�
The�following�page�do�not�form�part�of�statutory�accounts�
Page� 22 �of� 24
PCEA�UK�OUTREACH Company�Limited�by�Guarantee Detailed��Statement�of�Financial�Activities For�the�year�ended�31�January�2021
| Incomefromdonationsandlegacies 2021 2020 |
Incomefromdonationsandlegacies 2021 2020 |
|---|---|
| £ £ |
|
| DonationsandLegacies Tithedonationsfrommembersofcongregation 32,610 17,028 Non�Tithedonationsfrommembersofcongregation 4,355 44,982 Thanksofferingdonations 490 � Appropriationsreceived�PCI 13,200 16,500 MaasaiMissionofferings 1,250 � Fundraising � 3,015 Groupcontributions � 3,540 Menfund 3,984 � Womenfund 4,443 1,058 Youthgrantfund � 9,520 Donationsforchurchbuilding 1,800 � TotalIncomefromdonationsandlegacies 62,133 95,643 Investmentincome BankInterestreceived 285 679 |
|
| Bankcharges Totalincome |
(13) (25) 272 654 62,405 96,297 |
Page� 23 �of� 24
PCEA�UK�OUTREACH
Company�Limited�by�Guarantee Detailed��Statement�of�Financial�Activities� (continued) For�the�year�ended�31�January�2021
| Expenditure | 2021 | 2020 | |
|---|---|---|---|
| Costofraisingdonationsandlegacies | |||
| £ | £ | ||
| Churchservices(Miscellaneousexpenses) | 1,120 | 1,932 | |
| Hallhirerent | 1,241 | 4,755 | |
| Rent�ChurchHall | 9,750 | 13,200 | |
| Rent�House | 13,200 | 13,200 | |
| Officerent | 3,600 | 6,700 | |
| Memorialcommunitychurch | 500 | � | |
| Donationsandgifts | 2,530 | 330 | |
| Insurance | � | 365 | |
| Christmaseventexpenses | 748 | 2,028 | |
| Travelling&subsitenceexpenses | 674 | 4,427 | |
| Internationaltravellingexpenses | � | 775 | |
| Legal&professionalfees | 250 | 2,019 | |
| Telephone&Internet | 668 | 747 | |
| Printing,postage&stationery | 186 | 1,467 | |
| Hospitality&refreshment | 100 | 2,214 | |
| Miscellaneouscharitableactivities | 1,994 | 2,320 | |
| Repairs&maintenance | � | 67 | |
| Women'sactivities | 312 | 5,540 | |
| Advertising&publicity | 666 | 240 | |
| Groupexpenses | 2,640 | � | |
| Mission&evangelism | 6,779 | 440 | |
| MaasaiMission | 1,250 | � | |
| Training | 160 | � | |
| Groupexpenses | 0 | 5,800 | |
| Website | 271 | � | |
| Accountancyfees | 1,000 | 1,200 | |
| Pastor'sallowance | 1,549 | 1,800 | |
| Depreciationoffixedassets | � | 1,402 | |
| TotalExpenditure | 51,189 | 72,968 | |
| Increase/((decrease)duringtheyear | 11,216 | 23,329 | |
Page� 24 �of� 24