PCEA UK OUTREACH Company Llmlted by Guarantee Financial Statements Year ended 31 January 2024 Contents Page Reference and Administrative Details of the Charity Trustee's Report Independent examiner's report Statement of financial activities Balance sheet io Cash flow statement li Notes to the financial statements 12-20 Detailed statement of financial èctivities 22-23 Page l of 23
PCEA UK OUTREACH Company Llmlted by Guarantee Referen and Administrative Details of the Charity Year ended 31 January 2024 The charity trustees, who are also the directors for the purposes of company law, present their report and the unaudited financial statements of the charity for the year ended 31 january 2024. This report is also a directors, report under s234 of the Companies Act 2006. Reference and AdmlnlstratSve Detalls of the Charlty Reglstered charlty name PCEA UK OUTREACH Charity règistration numbèr 1142197 Company registration number 06066020 Printipal offitè and reÉistered Office 395 Barking Road London England E13 8AL Bankèrs Barclay Bank plc London The Trustees Mr Reuben Anthony Samson John Rev. Mr Edwin Mbugua Kibathi Mr Stephen Waithaka Rev. Paul Kariuki Irad Rev. john Mwangi Ngure Mr Peter Gikubu Mukabi Company Setrètary Grace Kamau Reference in this report and in the financial statements to "the trustees" are reference to the charity trustees, who for Company law purposes are the directors of the charitable companv. Independent Examlner TNG Accountants Limited Chartered Cert5fled Accountants 50 Welford Road Reading Berkshire RG5 4QS Page 2 of 23
PCEA UK OUTREACH Company Llmlted by Guarantee Trustees, Annual Report Ilncorporatin8 the Directorfs Report) Year ended 31 January 2024 The Trustees Iwho are also directors of the Charitable Company for the purposes of the Companies Act) submit their annual report and the financial statements of PCEA UK OUTREACH (the Company) for the year ended 31 January 2024. The Trustees confirm that the annual report and financial statements of the company comply with current statutory requirements, the requirements of the Company's governing document and the provisions of the Statement of Recommended Prattice.. Accounting and Reporting by Charities preparing their accounts in accordance with Financial Reporting Standards applicable in the United Kingdom and Republic of Ireland IFRS1021, the Charities Act 2011 and applicable regulations. 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. 8overnance, and mana8ement 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 a55ets of the charity. METHOD OF APPOINTMENT OR ELECTION OF TRUSTEES The 5trate£ic oversight of the charity is the responsibility of the Trustee5 who are elerted andlor co- opted under the terms of the written Constitution. POLICIESADOPTED FOR THE INDucfioN ANDTRAINING OFTRusfEES 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 meetiNg5, the day to-day operations are managed by three executive officer5 (Head of the church, Secretary and Treasurer), all of whom are also Trustees except for the Secretary. Page 3 of 23
PCEA UK OUTREACH Company Llmlted by Guarantee Twsteeg Annual Report Ilncorporating the Directorfs Report) Icontinuedj Year ended 31 January 2024 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. RELATED PARTY RELATIONSHIPS The charity ha5 relationships with the Presbyterian Church of Ireland. Objectives, Artivities and Publit Benefit The Trustees conform that they have complied with the duty in Section 5.17 of the Charities Act 2011 to have due regard to the Charity Commission's general Euidance on 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 08JECTIVES 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 Reèding. CHARifY FUNDS AND RESERVES POLICY The charity's reserves are generated from either restrirted funds or unrestrirted 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 and funds collected for the purchase and repairs of thurth buildings. Unrestrlcted 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 specific purpose. Page 4 of 23
PCEA UK OUTREACH Company Llmlted by Guarantee Twsteeg Annual Report Ilncorporating the Directorfs Report) Icontinuedj Year ended 31 January 2024 Achievement5 and performance REVIEW OF ACTIVITIES FOR 2024 Women's and Men's Ministry departments began to focus on laying foundations through reconnetting, 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. Youth Department Youth ministrie5 were very much involved in voluntary work/ evangelism and mostly holding meetings and visitations. They also held regular virtual spiritual revival meetings. Strate8ic report The following sections for achievements and performance and financial review from the strategic report of the charity. Achievement5 and performance The charity is a religious organisation and during the year the charity performed various activities successfully such as women 3ctivitie5, men activities and youth attivities in the UK and other geographical areas. Flnanclal revlew 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. Restricted and Unre5trirted Fund5 and Re5erve5 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 fund5 are received and when they are expended. At 31 January 2024. restricted funds for the charity totalled £12,23812023: £14.7191. Page S of 23
PCEA UK OUTREACH Company Llmlted by Guarantee Twsteeg Annual Report Ilncorporating the Directorfs Report) Icontinuedj Year ended 31 January 2024 Unrestritted funds are generated when the donor does not stipulate how their donation may be spent. Unrestricted fLJnd5 include designated fund5, where the Trustees have set aside monies for a specific purpose. At 31 January 2024, the principal unrestricted funds were.. At 31 January 2024, unrestricted funds lexcluding property fund) for the charity totalled £52,819 12023.. £34,3681 which excluded invested in property fund. GOVERNING DOCUMENT The Charity 15 a Charitsble company limited by guarantee, incorporated on 24 January 2007, and registered as a charity in 2015. The company was established under the Memorandum of Association which established the objertives and powers of the charity and company and is governed under its Articles of A550ciation. Small company provlsions 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 26 October 2024 and signed on behalf of the board of trustees by-. Mr Peter Gikubu Mukabi, Trustee Peter Mukabi Signature Peter Mukabi Ioct 31, 2024 11:36 GMT) Page 6 of 23
PCEA UK OUTREACH Company Llmlted by Guarantee Twsteeg Annual Report Ilncorporating the Directorfs Report) Icontinuedj Year ended 31 January 2024 The trustees Iwho are also the directors of the PCEA UK OUTREACH for the purposes of company lawl are responsible for preparing the Trustees, Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Acceptable Accounting Practice) including FRS102 'The Financial Reporting Standard. applying in the UK and the Republic of Ireland. Company law requires the trustees to prepare financial statements for each year which give a true and fair view of the state of affairs of the charitable company and of the incoming resources and application of resources, including the income and expenditure, of the charitable company for that period. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and then apply the consistently, observe the methods and principles in the Charitie5 SORP,. make judgements and estimates that are reasonable and prudent; state whether applicable UK Accounting Standards have been followed. subject to any material departures disclosed and explained in the financial statements.. prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charitable company will continue in business. The trustees are responsible for keeping proper accounting records that disc105e with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statement5 comply with the Companie5 Act 2006 3Nd the Charitie5 and Trustee Investment Iscotlandl Act 2005 and the Charities Accounts (Scotlandl regulations 2C>06 las amendedl. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for prevention and detection of fraud and other irregularities. SMALL COMPANY PROVISIONS This report has been prepared in accordance with the special provisions of part 15 of the Companies Act 2006 relating to small companies. On behalf of the Board of Trystees Peter Nlukabi (Oct 31, 2024 11..36 GMTI Mr Peter Gikubu Mukabi Date.. 3011012024 Page 7 of 23
PCEA UK OIITrEACH Company Limited by Guarantee Independent Examlnerfs Report to the Trustee5 of PCEA UK OiITREACH Year ended 31 January 2024 I report to the trustees on my exèminatK>n of the financial staternents of PCEA UK OLrrREACH I'the charitrfl for the year ended 31 January 2024. Responsibilitles and basis of report As the trustees of the company land its directors for the purposes of company lawl you are responsible for the preparation of the financial statements in accordance with the requirements of the Companies Act 2[ I'the 2(K]6 ACVI Having satisfied myself that the accounts of the company are not required to be audited under Part 16 of the 2(X)6 Act and are eligible for the independent examination, I report in respect of my examination of the charl5 accounts as carried OLrt under section 145 of the Charities Act 20111'the 2011 ACV). In carrying 04Jt my examination I have followed the Directions given by the Charity Commission under section 145 {51{bl of the 2011 ACL Independent examinerfs statement I have completed my examination. I confimi that no matters have come to my attention in connection with the examination giving me cause to beIve. accounting records were Mt kept in respect of the charity as required by section 386 of the 2006 Act: or 2. the financial statements do not accord wrih those records; or 3. the financial statements do not comply with the accounting requirements of section 396 of the 2C#)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 financial statements have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accourtrts in accordance with the Financial Reporting Stsndard applicable in the UK and Republic of Ireland IFRS 1021- I have no COnrnS and have come across no other matters in connection with the examination to which attention should be drawn in this rerA)rt in order to enable a proper understanding of the accounts to be reached. hcCOUNT4fyr Thoma5 Gitau, MBA. CPA. FCCA TNG Chartered Certlfied ACcIntrnts TNG Chartered Certrfied Accountants is the Trnding name of TNG Imi fully composed of Chartered Cert AcGountants licensed and supeNièe8 AssoCiatn of Chartered Certrfied Accountants {ACCA). Page 8 of 24
PCEA UK OUTREACH Company Limited by Guarantee Charlty Statement of Flnanclal Actlvltles For the year ended 31 January 2024 2024 Restdrted Funds 2023 Tal Fund5 Unrestrlcted Funds Tal Fund5 Income from donatlons Donations Investment income Total income 102,160 453 18,404 120,564 453 103,474 24 102,612 18.404 121.016 103,499 Expendlture on.. Cost of raising fund5'. 84,161 4,922 89,083 20,88S 105,046 4,922 109,968 114,129 9,623 123,75Z Governance Total expendfture 20,885 Net income Ilexpenditurel Transfers between funds Net movement In funds Total funds brought forward Totsl funds carried forward 13,529 12.4811 11,048 120.2531 270,620 284,150 14,719 12,238 285,340 296.388 305,593 285,340 All income and expenditure are derived from continuing activities There were no recognised gains and losses included in the statement of financial attivities Page 9 of 23
PCEA UK OUTREACH Company Limited by Guarantee Balance Sheet Asat 31 January 2024 2024 2023 Fixed Assets Tangible Fixed Assets 231,330 231,330 236,253 236,253 Curreni Assets Cash at bank 66,058 50,087 Total Current A55e15 66,058 50,087 Creditors.. Amount due within a year NetCurrentAssets 15 1,000 65,058 I,o(x) 49,087 Total NetAssets 296,388 28S.340 Fund balances Unrestricted Restricted Total Funds 284,149 12,238 296,388 270.621 14,719 285,340 18 For the financial period ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Att 2006 relating to small companies. The member% have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. The trustees who are also the directors atknowledge their responsibility for complying with the requirements of the Art with respert to accounting record5 and for the preparation of account5. These financial statements were approved and authorised for issue by the Board of Tru5tee5 on 30 Ortober 2024 and signed on its behalf by.. Mr Peter Gikubu Mukabi Date Peter Mukabi IOcL31, 2024 11'.36 GMT) Company Registration Number.. 06066020 (England and Wales) Page 10 of 23
PCEA UK OUTREACH Company Limited by Guarantee Cashflow Ststement forthe yearended 31 January 2024 2024 2023 Cash flowfrom operatinz a<tivities Net cash provided by (used inl operating attivities Non-cash items - depreciation Cash flowlrom Investlng actlvltles Purchase of Building and computer 11,048 4.923 120,2531 8,623 19731 Change in cash and cash equNalent in the year 15.971 112,6031 Cash and cash equivalents at the beginning of the year 50,087 62,690 Cash and cash equivalents at the end of of the year 66.058 50,087 Page 11 of 23
PCEA UK OUTREACH Company Limited by Guarantee Notes to the Financial Statèmènts Year ended 31 January 2024 l. General informatlon 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 pplitated tts charities preparing their accounts in aecordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS1021 Icharities SORP IFRS10211 and the Companies Act 2006. 3.Accountlng Pollcles 3.1 Basls of preparation The financial 5tatement5 have been prepared under the historical c05t convention, as modified by the revaluation of certain fixed assets and liabilities and investment propertie5 measured at fair value through income and expenditure. The financial statements are prepared in British sterling pound. which is the functional currency of the entitv. 3.2 Incomlng 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 unle55 condition5 for recognition have been met. Page 12 of 23
PCEA UKOUTREACH Company Limited by Guarantee Notes to the Flnanclal Statements {contlnued) Year ended 31 January 2024 3.3 Golng 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 a5 H going concern. The trustees have made this asse55ment 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 resource5 to contiriLJe in operational existence for the foreseeable fLJture. The charity therefore continues to adopt the going concern basis in preparing its financial statements. 3.4 Fund attountin Restrirted 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 tru5tee5 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 Unrestrirted 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 15 impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purpose5 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 a55ets or liabilitie5 of the charity are assigned to those units. Page 13 of 23
PCEA UK OUTREACH Company Limited by Guarantee Notès to the Finantial Statements fcontinuedj Year ended 31 January 2024 3.6 Grant-maklng policles 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, grant5 are made to associated charitie5 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 accuracv. 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 3n estimate of the financial c05t borne by the donor where such a c05t is quantifiable and measurable. No income is recognised where there is no financial cost borne bv a third partv. 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 accrua15 basis and ha5 been included under expense categories that aggregate all costs for allocation to artivities. Where costs cannot be directlv 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 di55eminating information in 5UPPOrt of the charitable activities. Support cost5 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. No fund-raising activities in 2024. Page 14 of 23
PCEA UK OUTREACH
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 January 2024
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.
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:
| Building 2-5% |
|---|
| 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 selffinancing churches and branches.
3.12 Financial instruments
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.
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PCEA UK OUTREACH
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 January 2024
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 company is limited by guarantee.
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PCEA UK OUTREACH
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 January 2024
| 6 Income from donations and legacies Tithe & offerings from members of congregations Thanks offering & other donations Grants Mission work Men fund Women fund Donations for church building |
6 Income from donations and legacies Tithe & offerings from members of congregations Thanks offering & other donations Grants Mission work Men fund Women fund Donations for church building |
Unrestricted Funds £ 78,124 11,676 13,200 160 (1,000) 102,160 |
Unrestricted Funds £ 78,124 11,676 13,200 160 (1,000) 102,160 |
Restricted Funds £ 6,871 11,472 61 18,404 2024 |
Restricted Funds £ 6,871 11,472 61 18,404 2024 |
Total Funds 78,124 11,676 13,200 160 5,871 11,472 61 |
Unrestricted Funds £ 89,985 2,325 160 |
Restricted Funds £ 4,172 5,492 1,500 11,164 2023 |
Total Funds £ 89,985 2,325 160 4,172 5,492 1,500 103,634 Total Funds 24 24 |
||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 120,564 | 92,470 | ||||||||||||||
| 7 Investment Income Return on local cash deposits |
Unr | estricted Funds 453 453 |
Re 20 |
s 2 |
tricted Funds 4 |
Total Funds 453 453 |
U | nrestricted Funds 24 24 |
R | estricted Funds 2023 |
|||||
| 8 Expenditure by Charitable Activity Summary by fund type Church Ministry Objectives in other geographical areas Total Charitable Expenditure |
Unrestricted Funds £ 79,663 4,498 84,161 |
Restricted Funds £ 20,885 2024 |
Total Funds 100,548 4,498 |
Unrestricted Funds £ 76,549 6,129 |
Restricted Funds £ 28,266 4,185 2023 |
Total Funds £ 104,815 10,314 115,129 |
|||||||||
| 20,885 | 105,046 | 82,678 | 32,451 | ||||||||||||
| 9 Analysis of grants Charity Evangelism Grants & Support Name of Charity/grant Charitable work outside UK Benevolent Support |
2024 £ 4,498 400 |
2023 £ 6,789 850 7,639 |
|||||||||||||
| 4,898 | |||||||||||||||
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PCEA UK OUTREACH Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 January 2024
| 10 Governance costs Examiner's costs Trustee expenses |
2024 £ 1,000 1,000 |
2023 £ 1,000 1,000 2023 £ 8,623 11,195 1,000 20,818 2023 £ 4 2 |
||
|---|---|---|---|---|
| 11 Net resources expended This is stated after charging: Depreciation of tangible fixed assets: Reimbursement of expenses of trustee Fees payable to the charity's examiner |
2024 £ 4,922 4,866 1,000 10,788 |
|||
| 12 Staff costs were as follows: Wages and Salaries The everage number of employees during the year in the following categories were: Volunteers /Charitable activities Support activities Management and administration None reveived remuneration to more than £60,000 during the year |
2024 £ 18 6 |
|||
| 13 Trustees' transactions Allowances paid to trustees (2024: one trustee) Key management Other trustees Amounts due to trustees at 31 January Key management Except for expenses reimbursement no trustees were paid as remuneration |
2024 | 2023 |
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PCEA UK OUTREACH Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 January 2024
| 14 Tangible Fixed Assets As at February 1 Additions As at January 31 Depreciation As at February 1 Charge for the year As at January 31 Net Book Value As at 31 January 2024 |
Building £ 246,096 246,096 9,844 4,922 14,766 231330 |
Operational Equipment £ 21,518 21,518 21,518 21,518 |
Total 2024 £ 267,614 267,614 31,362 4,922 36,284 231330 |
Total 2023 £ 266,641 973 |
|---|---|---|---|---|
| 267,614 22,739 8,623 |
||||
| 31,362 | ||||
As at 31 January 2023 |
, 236,252 |
, 236,252 |
236,252 | |
| 15 Creditors: Amounts falling due within one year Independent examimer's cost |
2024 2023 £ £ 1,000 1,000 |
2024 2023 £ £ 1,000 1,000 |
|
|---|---|---|---|
| 16 Analysis of net assets between funds Unrestricted Funds £ Tangible fixed assets 231,330 Current Assets 53,820 Creditors due within one year (1,000) 284,150 |
Restricted Funds £ 12,238 12,238 |
Total 2023 £ 231,330 66,058 (1,000) 296,388 |
Total 2022 £ 236,253 50,087 (1,000) 285,340 |
17 Related Party transactions
The charity is affliated to Presbyterian Church of Ireland
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PCEA UK OUTREACH
Company Limited by Guarantee
Notes to the Financial Statements (continued)
Year ended 31 January 2024
| 18 Statement of Funds Designed Funds Invested in Property Church Building Total Designed Funds General Funds Tithe Fund & other general funds |
Brought Forward £ 236,252 |
Incoming Resources Carried Resources Expended Forward £ £ £ £ £ 4,922 231,330 4,922 231,330 Transfers In /(Out) |
|---|---|---|
| 236,252 | ||
| Reading Parish | 18,231 | 25,899 10,753 (11,288) 22,089 |
| Birmingham Parish | 7,304 343 (2,700) 4,261 |
|
London Parish Luton Parish London Prebystery Total General Funds Total Unresticted Funds Restricted Funds Chuch Building Funds Women Funds Men Funds Total Restricted Funds Total Operating Funds Total funds |
16,137 | 62,146 50,842 (16,800) 10,641 6,892 (4,700) 2,192 371 22,223 35,488 13,636 102,612 84,161 35,488 (35,488) 52,819 102,612 89,083 35,488 35,488 284,149 61 2,681 5,198 11,472 11,967 3,277 6,871 6,237 3,763 18,404 20,885 12,238 121,016 105,046 35,488 65,057 121,016 109,968 35,488 35,488 296,388 |
| 34,368 | ||
| 270,620 7,818 3,772 3,129 |
||
| 14,719 | ||
| 49,088 | ||
| 285,340 | ||
Page 20 of 23
PCEA UK OUTREACH
Company Limited by Guarantee Notes to the Financial Statements (continued) Year ended 31 January 2024
The following page do not form part of statutory accounts
Page 21 of 23
PCEA UK OUTREACH
Company Limited by Guarantee
Detailed Statement of Financial Activities
For the year ended 31 January 2024
Income from donations and bank interest
| Income from donations Tithe & offerings from members of congregations Thanks offering & other donations Grants Mission work Men fund Women fund Donations for church building Revival conference Evangelism Least coin Act of Mercy Income Total Income from donations Bank Interest Income Return on local cash deposits Total income from donations and bank interest |
2024 £ 78,774 5,887 13,200 160 6,870 11,472 1,861 641 222 1,255 222 120,564 453 453 121,016 |
2023 £ 89,985 2,325 4,172 5,492 1,500 |
|---|---|---|
| 103,474 | ||
| 24 | ||
| 24 | ||
| 103,499 |
Page 22 of 23
PCEA UK OUTREACH
Company Limited by Guarantee Detailed Statement of Financial Activities For the year ended 31 January 2024
----- Start of picture text -----
2024 2023
Expenditure £ £
Church services(Miscellaneous expenses) 5,517 2,395
Hall hire rent 23,849 20,110
Rent House 14,950 14,444
Donations and gifts 312 4,003
Christmas event expenses 4,987 4,749
Copywright 214
Charitable activities outside UK 4,498 5,688
International travelling expenses 7,715
Legal & professional fees 12
Telephone & Internet 796 1,960
TV Licence 159 159
Electricity & Water 252 742
Printing, postage & stationery 916 820
Building Refurbshment 2,681 19,724
Business rates 1,535
Luton Evangelism expenses 683
Lawnmower 156
Hospitality & refreshment 74 997
Miscellaneous charitable activities 1,113 1,611
Advertising & publicity 267 183
Group expenses 6,722
Mission & evangelism 9,603 2,242
Training 545
Mileage reimbursements 4,866 11,195
Insurance 375 340
Accountancy fees 1,000 1,000
Website 77
Women's activities 11,967 5,946
Men's activities 6,236 6,505
Act of Mercy 1,400
Retreat Out 1,883
Depreciation of fixed assets 4,922 8,623
109,968 123,752
Increase (Decrease) during the year 11,048 (20,253)
----- End of picture text -----
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