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2021-01-31-accounts

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 tharit￿l 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 2￿6 Act and are eliglble for the independent examlnation, I report in respect of my examinatlon of the charl￿S 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 2￿6 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