## **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**<br>**Restricted**<br>**Funds**<br>**Funds**<br>**£**<br>**£**<br>Incomefromdonationsandlegacies<br>Donations<br>**6**<br>50,655<br>11,477<br>Investmentincome<br>**7**<br>**�**<br>285<br>**2021**|**Unrestricted**<br>**Restricted**<br>**Funds**<br>**Funds**<br>**£**<br>**£**<br>Incomefromdonationsandlegacies<br>Donations<br>**6**<br>50,655<br>11,477<br>Investmentincome<br>**7**<br>**�**<br>285<br>**2021**|**Unrestricted**<br>**Restricted**<br>**Funds**<br>**Funds**<br>**£**<br>**£**<br>Incomefromdonationsandlegacies<br>Donations<br>**6**<br>50,655<br>11,477<br>Investmentincome<br>**7**<br>**�**<br>285<br>**2021**|**Total**<br>**Funds**<br>**£**<br>62,133<br>285|**2020**<br>**Total**<br>**Funds**<br>**£**<br>95,643<br>654|
|---|---|---|---|---|
|**Totalincome**|50,655|11,762|62,417|96,297|
|**Expenditureon:**<br>Costofraisingfunds:<br>Charitableactivities<br>Governance<br>**Totalexpenditure**<br>**8**<br>**Netincome/(expenditure)**<br>Transfersbetweenfunds<br>**Netmovementinfunds**<br>Totalfundsbroughtforward|36,203<br>5,666<br>41,869<br>8,786<br>(4,856)<br>3,930<br>36,596|**�**<br>36,203<br>72,968<br>9,332<br>14,998<br>111<br>9,332<br>51,201<br>73,079<br>2,430<br>11,216<br>23,218<br>4,856<br>**�**<br>**�**<br>7,286<br>11,216<br>23,218<br>230,629<br>267,225<br>244,007||72,968<br>111|
|||||73,079|
|||||23,218<br>**�**|
|**Totalfundscarriedforward**<br>**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**<br>TangibleFixedAssets<br>**15**<br>**CurrentAssets**<br>Prepaidexpense<br>**14**|**2021**<br>**2020**<br>**£**<br>**£**<br>4,648<br>4,205<br>4,648<br>4,205<br>499<br>�|
|---|---|
|Debtors<br>**14**<br>**�**<br>3,650||
|Cashatbank<br>**TotalCurrentAssets**<br>Creditors:Amountduewithinayear<br>**16**<br>**NetCurrentAssets**<br>**TotalNetAssets**<br>**Fundbalances**<br>Unrestricted<br>Restricted<br>**TotalFunds**<br>**17**|274,295<br>260,571<br>274,794<br>264,221<br>1,000<br>1,200<br>273,794<br>263,021<br>**278,442**<br>**267,225**<br>40,526<br>36,596<br>237,915<br>230,629<br>**278,441**<br>**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**<br>**2021**<br>**£**<br>**Cashflowfromoperatingactivities**<br>Netcashprovidedby(usedin)operatingactivities<br>**19**<br>15,444<br>**Cashflowfrominvestingactivities**<br>Netcashflowprovidedby(usedin)/providedbyinvesting<br>activities<br>**20**<br>(1,719)<br>**Changeincashandcashequivalentintheyear**<br>13,725<br>Cashandcashequivalentsatthebeginningoftheyear<br>260,571<br>Cashandcashequivalentsattheendofoftheyear<br>274,295|**2020**<br>**£**<br>20,666<br>142|
|---|---|
||20,809<br>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**<br>**Restricted**|**Total**|**Unrestricted**<br>**Restricted**<br>**Total**|
|BankInterestreceived<br>Bankcharges|**Funds**<br>**Funds**<br>**�**<br>285<br>**�**<br>**�**<br>**�**<br>285|**Funds**<br>285<br>�<br>285|**Funds**<br>**Funds**<br>**Funds**<br>�<br>679<br>679<br>�<br>(25)<br>(25)<br>�<br>654<br>654|



**8 Expenditure�by�Charitable�Activity** 

|**8 ExpenditurebyCharitableActivity**|||||
|---|---|---|---|---|
||**2021**|||**2020**|
|**Summarybyfundtype**<br>ChurchMinistry<br>Objectivesinothergeographicalareas<br>TotalCharitableExpenditure|**UnrestrictedRestricted**<br>**Total**<br>**Funds**<br>**Funds**<br>**Funds**<br>**£**<br>**£**<br>**£**<br>36,203<br>9,332<br>45,535<br>5,666<br>**�**<br>5,666<br>41,869<br>9,332<br>51,201|||**Total**<br>**Funds**<br>**£**<br>72,968<br>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**<br>**Charity�EvangelismGrants&Support**<br>**2021**<br>**2020**<br>**£**<br>**£**<br>**NameofCharity/grant**<br>StratfordChurches<br>250<br>�<br>Memorialcommunitychurch<br>500<br>�<br>BenevolentSupport<br>1,994<br>2,744<br>�<br>**10 Governancecosts**<br>**2021**<br>**2020**<br>**£**<br>**£**<br>IndependentExaminer'scosts<br>1,000<br>1,200<br>Trusteeexpenses<br>�<br>1,800<br>1,000<br>3,000|**9 Analysisofgrants**<br>**Charity�EvangelismGrants&Support**<br>**2021**<br>**2020**<br>**£**<br>**£**<br>**NameofCharity/grant**<br>StratfordChurches<br>250<br>�<br>Memorialcommunitychurch<br>500<br>�<br>BenevolentSupport<br>1,994<br>2,744<br>�<br>**10 Governancecosts**<br>**2021**<br>**2020**<br>**£**<br>**£**<br>IndependentExaminer'scosts<br>1,000<br>1,200<br>Trusteeexpenses<br>�<br>1,800<br>1,000<br>3,000|
|---|---|
|||
|||
|||
|**10 Governancecosts**<br>IndependentExaminer'scosts<br>Trusteeexpenses||
|||
|**11 Netresourcesexpended**<br>**Total**<br>**Total**<br>**2021**<br>**2020**<br>Thisisstatedaftercharging:<br>**£**<br>**£**<br>Depreciationoftangiblefixedassets:<br>1,549<br>1,401<br>Reimbursementofexpensesoftrustee<br>674<br>�<br>Feespayabletothecharity'sindependentexaminer<br>forthereviewofannualaccounts<br>1,000<br>1,200<br>3,223<br>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**<br>**2021**<br>**2020**<br>Staffcostswereasfollows:<br>**£**<br>**£**<br>WagesandSalaries<br>�<br>�<br>**2021**<br>**2020**<br>Theeveragenumberofemployeesduringtheyear<br>inthefollowingcategorieswere:<br>Charitableactivities(Volunteers)<br>4<br>2<br>Supportactivities(Volunteers)<br>�<br>�<br>Managementandadministration(Volunteers)<br>5<br>3<br>Nonereceivedremunerationtomorethan£60,000duringtheyear|**12 StaffCosts**<br>**2021**<br>**2020**<br>Staffcostswereasfollows:<br>**£**<br>**£**<br>WagesandSalaries<br>�<br>�<br>**2021**<br>**2020**<br>Theeveragenumberofemployeesduringtheyear<br>inthefollowingcategorieswere:<br>Charitableactivities(Volunteers)<br>4<br>2<br>Supportactivities(Volunteers)<br>�<br>�<br>Managementandadministration(Volunteers)<br>5<br>3<br>Nonereceivedremunerationtomorethan£60,000duringtheyear|
|---|---|
|||
|**13 Trustees'transactions**<br>**2021**<br>**2020**<br>**£**<br>**£**<br>Allowancespaidtotrustees(2020:onetrustee)<br>Keymanagement<br>�<br>1,800<br>Othertrustees<br>�<br>�<br>Amountsduetotrusteesat31January<br>�<br>�<br>Keymanagement<br>�<br>�<br>Exceptforexpensesreimbursementnotrusteeswerepaidasremuneration||
||**2021**<br>**2020**<br>**£**<br>**£**<br>�<br>3,650<br>499<br>�<br>499<br>3,650|
|**14 Debtors**<br>Duewithinoneyear<br>Tradedebtors<br>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**<br>AsatFebruary1<br>Additions<br>AsatJanuary31<br>**Depreciation**<br>AsatFebruary1<br>Chargefortheyear<br>AsatJanuary31<br>**NetBookValue**<br>AsatFebruary1<br>AsatJanuary31|**Operational**<br>**Operational**<br>**Equipment**<br>**Equipment**<br>**2021**<br>**2020**<br>**£**<br>**£**<br>16,454<br>15,942<br>1,992<br>512<br>18,446<br>16,454<br>12,249<br>10,848<br>1,549<br>1,401<br>13,798<br>12,249<br>4,205<br>5,094<br>4,648<br>4,205|
|---|---|
|||
|**16 Creditors:Amountsfallingduewithinoneyear**<br>**2021**<br>**2020**<br>**£**<br>**£**<br>IndependentExamimer'scost<br>1,000<br>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**<br>InvestedinProperty<br>**TotalDesignedFunds**<br>**GeneralFunds**<br>TitheFund<br>OtherGeneralFunds<br>**TotalGeneralFunds**<br>**TotalUnrestictedFunds**<br>**RestrictedFunds**<br>ChuchBuildingFunds<br>WomenFunds<br>MenFunds<br>YouthFunds<br>Maasai/Kimanjuevagelismfunds<br>**TotalRestrictedFunds**<br>**TotalFunds**|**Brought Incoming**<br>**Resources**<br>**Transfers Carried**<br>**Forward Resources Expended**<br>**In/(Out)Forward**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>4,205<br>�<br>1,549<br>1,992<br>4,648|
|---|---|
||4,205<br>�<br>1,549<br>1,992<br>4,648|
||20,853<br>32,610<br>36,203<br>**�**<br>17,260<br>11,539<br>18,045<br>4,117<br>(6,848)<br>18,619|
||32,391<br>50,655<br>40,320<br>(6,848)<br>35,879|
|||
||36,596<br>50,655<br>41,869<br>(4,856)<br>40,526|
||216,602<br>2,085<br>250<br>6,000<br>224,437<br>3,804<br>4,443<br>2,812<br>**�**<br>5,435<br>3,761<br>3,984<br>3,360<br>**�**<br>4,385<br>6,462<br>�<br>1,660<br>(1,144)<br>3,658<br>**�**<br>1,250<br>1,250<br>**�**<br>**�**|
||230,629<br>11,762<br>9,332<br>4,856<br>237,915|
|||
||**267,225**<br>**62,417**<br>**51,201**<br>**�**<br>**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**<br>Tangiblefixedassets<br>CurrentAssets<br>Creditorsduewithinoneyear<br>Creditorsdueinmorethanoneyear<br>**TotalFunds**|**Unrestricted**<br>**Funds**<br>**£**<br>4,648<br>20,315<br>(1,000)<br>�<br>**23,963**|**Restricted**<br>**Funds**<br>**£**<br>254,479<br>�<br>**254,479**|**Total**<br>**Total**<br>**2021**<br>**2020**<br>**£**<br>**£**<br>4,648<br>4,205<br>274,794<br>264,221<br>(1,000)<br>(1,200)<br>**�**<br>�<br>**278,441**<br>**267,225**|**Total**<br>**Total**<br>**2021**<br>**2020**<br>**£**<br>**£**<br>4,648<br>4,205<br>274,794<br>264,221<br>(1,000)<br>(1,200)<br>**�**<br>�<br>**278,441**<br>**267,225**|
|---|---|---|---|---|
||||||
|**19 NetCashflowfromoperatingactivities**<br>**2021**<br>**2020**<br>**£**<br>**£**<br>Netincomingresourcesbeforerevaluations<br>11,216<br>23,218<br>Interestreceived<br>(272)<br>(654)<br>Depreciationoftangibleassets<br>1,549<br>1,401<br>(Increase)/Decreaseindebtors<br>3,650<br>(3,300)<br>(Increase)/Decreaseinprepaidexpenses<br>(499)<br>�<br>Increase/(Decrease)increditors<br>(200)<br>1<br>15,444<br>20,666<br>**20 AnalysisofCashflowfrominvestingactivities**<br>**2021**<br>**2020**<br>**£**<br>**£**<br>Dividends,interestandrentfrominvestments<br>Interestreceived<br>285<br>679<br>Interestpaid<br>(13)<br>(25)<br>273<br>654<br>Purchaseofcomputers<br>(1,992)<br>(512)|||||
|||||20,666|
|||||**2020**<br>**£**<br>679<br>(25)|
|||||654<br>(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**<br>**2021**<br>**2020**|**Incomefromdonationsandlegacies**<br>**2021**<br>**2020**|
|---|---|
|**£**<br>**£**||
|**DonationsandLegacies**<br>Tithedonationsfrommembersofcongregation<br>32,610<br>17,028<br>Non�Tithedonationsfrommembersofcongregation<br>4,355<br>44,982<br>Thanksofferingdonations<br>490<br>�<br>Appropriationsreceived�PCI<br>13,200<br>16,500<br>MaasaiMissionofferings<br>1,250<br>�<br>Fundraising<br>�<br>3,015<br>Groupcontributions<br>�<br>3,540<br>Menfund<br>3,984<br>�<br>Womenfund<br>4,443<br>1,058<br>Youthgrantfund<br>�<br>9,520<br>Donationsforchurchbuilding<br>1,800<br>�<br>**TotalIncomefromdonationsandlegacies**<br>62,133<br>95,643<br>**Investmentincome**<br>BankInterestreceived<br>285<br>679||
|Bankcharges<br>**Totalincome**|(13)<br>(25)<br>272<br>654<br>**62,405**<br>**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** 

