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2021-12-31-accounts

PAGE
General information
Trustees Annual
Report		 2-6
Independent
Examiners		 Report
Statement of Financial Activities
Balance Sheet
Notes to the Financial Statements 10-14
TRUSTEES: Robb Philip Harman Robb Philip Harman
Stephen
Morris		 Appointed 01/09/2021
Catherine
Smith		 Appointed 01/09/2021
Peter Connor
Deborah Connor
Sally Elizabeth
Harman
Jonathan
Andrew		 Biddle Retired 31/08/2021
DIRECTORS: Robb Philip Herman
Sally Elizabeth
Harman
Jonathan
Andrew		 Biddle
Carla Ruth Dunn Retired 01/09/2021
CHAIRPERSON: Mr Robb Philip Harman
ADDRESS: 217Southend
Road
Stanford
Le Hope
Essex
SS177AQ
ACCOUNTANTS: Moore Kingston
Smith LLP
Orbital House
20 Eastern Road
Romford
Essex
RM1 3PJ
BANK: Barclays Bank
24 Grover Walk
Corring
ham
Essex
SS177LY
COMPANY NO. 07900719

Unrestricted Restricted Total Total
Funds Funds Funds Funds
2021 2021 2021 2020
Notes 6 6 6 6
Income from:
Donations and grants 48,840 55,775 104,615 105,691
Charitable activities:
Other income
investment income received 1 7
48,841 55,775 104,616 105,698
E~dd
Raising funds
Charitable activities 36,447 62,538 98,985 94,252
36,447 62,538 98,985 94,252
Net income/(expenditure) 12,394 (6,763) 5,631 11,446
Transfers
Net movements in funds 12,394 (6,763) 5,631 11,446
Reconciliation offunds:
Total funds brought forward 29,517 26,500 56,017 44,571
Total funds carried forward 41 911 19737 61,648 5 017

Notes 2021
6		 2021 2020 f 2020
6
Current Assets
Debtors 1,081
Cash at bank 63,324 56,828
Cash in hand 663 230
63,987 58,139
Current
Liabilities
Creditors: amounts falling due
within one year (2,339) (2,122)
Net assets 10
Represented
by:
Unrestricted
funds		 41,911 29,517
Restricted
funds		 19,737 26,500
Totalfunds 61666 66 6

1. Accounting
Policies
Company
Information
24-7 Prayer Stanford ise company
limited by guarantee
domiwlsd
and incorporated
in		 England end Wales.
The registered		 ofiice is
217Southend
Road, Stanford le Hope, Essex, SS177AB.
(a) Basis ofaccounting
The financial
statements
have been prepared
under the historical cost convention,
with the exception		 of listed investments which
are included
et their market value.
The financial slatemenls		 have been prepared
in accordance
with the Statement
of
Recommended
Pracbce applicable
to charities
prepanng
their accounts
in accordance		 with lhe Finanaal
Reporting
Standard
applicable
in the UK and Republic of Ireland effective
1 January 2015(The FRS 102 Chanqies SORP), the Companies
Act		 2006
and Charities Act 2011.
The Trustees
confirm that the Charily meets the definibon
of a public benefit entity under FRS 102.
(b) Fund accounting
- Unreslncted
funds sre available for use al the discrebon ofIhe trustees
in furtherance		 ofthe general obleclwes ofthe charity.
- Restricted funds are subject to restrictions
on their expenditure
imposed
by the donor		 or through
the		 lerms of an appeal.
(c) Income
Ag income is induded
in the statement
offinanwal
acfivlties		 when the chsnly is entitled to receive the mcome and the amount can
bs quantified
with reasonable
accuracy.
The following
pollues are applied to particular		 categories of income
-Voluntary
income is received
by way of grants, donations		 and gifts and is included
in		 full in the Statement
of Financial Activities
when receivable,
Grants, where enbtlement
is not conditional
on the dsfivsry ofe specific performance		 by Ihe charity
are
recognised
when the chsnty becomes unconditionally
enbtled
lo the grant.
-Donated services and fawliees are included at the value to the chanty where
this can		 be quantified. )he value ofservices
provided
by volunteers
has not been included
in these financial statements.
-Investment
income is included
when receivable.
(d) Expenditure
Expenditure
is recognised
on an accrual basis as a liabifity		 is incurred.
Expenditure
includes VAT, and is reported as part		 ofthe
expenditure
to which
it relates
-Coals of raising funds comprise the costs associated
with		 attracting
voluntary
income.
-Chanteble
expenditure
comprises those costs incurred
by		 the chanty
in the delivery ofits activities
and services for its
benefiuaries.
It includes
both costs that can bs allocated
directly to such acbvitiss
and		 those costs of en indirect nature necessary
to support them.
-Ag costs are allocated between the expenditure
categones		 ofthe SoFA on a basis designed
to reflect the use ofthe resource		 and
set out in Note 3.
(e) Going concern
At the time of approving
the Trustees have a reasonable
expectation
that the chanty hss adequate
resources to continue		 m
operational
existence for the foreseeable
future and for a period ofat least 12 months		 following
the approval ofthese financial
statements.
Thus the Trustees continue to adopt the gomg		 concern basis ofaccounting in preparing
the finanaal statemenls.
(fl Financial instruments
The chaniy only has financial assets and financial
liabilities		 of4 kind that qualify as basic finanaal
mstrumenls.
Basicfinanasl
instruments
are initiagy recognised
at transaction
value and		 subsequenfiy
measured
at		 their seltlement value.
(g) Gavemment
grants
Government
grants ars recognised at the fair value ofthe asset received or receivable		 when there is reasonable
assurance		 that the
grant condilions
will be met and the grants
will bs received.
A grant that specifies performance
conditions
is recognised		 in income when tha performance
conditions ars met. Where a grant
does not specify performance
conditions
it is recognised
in		 income when the proceeds are remived
or		 receivable.
A grant		 received
before the recognition
criteria are satisfied is recognised as		 a liability.
Government
grants are recognised
at the fair value ofthe asset received or receivable		 when there is reasonable
assurance		 that the
grant conditions
will be met and the granls
will be received.
A grant that specifies performance
conditions is recognised		 m mcome when the performance
conditions
are met. Where a grant
does not specify performance
condieons
it is recognised
in		 income when the proceeds ere received or receivable.
A grant		 received
before the recognition
cntena sre satisfied
is recognised es		 e liability.

2021 2020
follows 2 E
Wages and salaries 62,908 63,513
Social security costs 703
Pension costs 1 047 949

2021 2020
E 2
Other debtors 1 081
9.Creditors: Amounts falling due within one year
2021 2020
E 2
Accruals 1,440 1,356
Taxes and sooalsecurity Sgg 766
2 339 2 122

10.Ana lysis ol Nel Assets bet ween funds
Unrestricted Restricted Unrestricted Restricted
Funds Funds Total Funds Funds Total
2021 2021 2021 2020 2020 2020
2 2 E
Current Assets 44,250 19,737 63,987 31,639 26,500 58,139
Current Ltabttttes 2 339 2339 2 122 2 122
41 911 19737 61 648 29517 26 500 56017

11.Movem en t
In f		 unda
At 1 Incoming Outgoing At 31
January resources resources Transfers December
2021 2021 2021 2021 2021
2 6 E 6 E
Restricted funds:
Counselling, advice and information 26500 55 775 62538 19737
Unrestrlrted funds:
General funds 2 17 4 I 7 - 41 911
Total funds 56 01'7 104 616 90905 61 640
Movsmeni in funds in respect orlhe comparslwe period:
At I Incoming Outgoing At 31
January resources resources Transfers December
2020 2020 2020 2020 2020
2 2 E 6
Restricted funds:
Counselling, advice end information 41 2 26500
Unrestd etsd funds:
Generalfunds 44 571 55 066 70 120 29517
Total funds 17

13.Compar ative S tatement ofFinancial Activities
Unrestdcted Restricted Total
Funds Funds Funds
2020 2020 2020
6 6 6
Donsgons end grants 55,059 50,632 105,691
Charitable activiaes
Inveslmenl income received
55,066 50,632 105,696
Raising funds
Chertable activities 70,120 24,132 94252
70,120 24,132 94,252
Net income/(expenditure) (15,054) 26,500 11,446
Transfers
Net movemenls in funds (15,054) 26,500 11,446
Recenci Sation offunds:
Totalfunds broughtforward 44 571 44571
Total funds named forward 29,517 26,500 56,017