| Page | ||||
|---|---|---|---|---|
| Report ofthe | trustees | 1 | to | 2 |
| Independent | examiner's report |
|||
| Statement of | Snancial activities | |||
| Balance sheet | 5 | to | 6 | |
| Notes to the Snanctal statements | 7 | to | 12 | |
| Detailed statement ofSnancial activities | 13 | to | 14 |
| for the Ye | ar Ende | d 31Ma | rch 2023 | |||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| Umestricted | Total | |||||
| fund | funds | |||||
| Notes | ||||||
| INCOME | AND ENDOWS FROM | |||||
| Donations | and legacies | 241,198 | 289,559 | |||
| Investment | income | 32,937 | 28,758 | |||
| Total | 274,135 | 318,317 | ||||
| EXPENDITURE | ON | |||||
| Raising fimds | 99,126 | 78,411 | ||||
| Charitable | actlvltles | |||||
| Costofgenerating | voluntary | income | 5,012 | 2,665 | ||
| Total | 104,138 | 81,076 | ||||
| NET INCOME | 169,997 | 237441 | ||||
| RECONCILIATION OF | FUNDS | |||||
| Total fimds | brought | forward | 793,157 | 555,916 | ||
| TOTAL FUNDS CARRIED FORWARD | 963,154 | 793,157 |
| BALANCE SHEET 31March 2023 |
|||
|---|---|---|---|
| 2023 | 2022 | ||
| Unrestricted | Total | ||
| fund | fimds | ||
| Notes | |||
| FIXEDASSETS | |||
| Tangible assets | 229,065 | 231,410 | |
| CURRENT ASSETS | |||
| Debtors | 867 | 25 | |
| Investments | 59,993 | 59495 | |
| Cash atbank and in hand | 676~9 | 527,133 | |
| 737,089 | 586,453 | ||
| CREDITORS | |||
| Amounts falling due within one year |
10 | (3,000) | (24,706) |
| NET CURRENT ASSETS | 734,089 | 561,747 | |
| TOTAL ASSETSLESSCURRENT | |||
| LIABILITIES | 963,154 | 793,157 | |
| NET ASSETS | 963,154 | 793,157 | |
| FUNDS | |||
| Unresuicted funds |
963,154 | 793,157 | |
| TOTAL FUNDS | 963,154 | 793,157 |
| 2. | Investment income |
||||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| Rents received | 32339 | 28,758 | |||
| Credit Union deposit interest | 698 | ||||
| 32937 | 28,758 | ||||
| 3. | Raising funds | ||||
| Raising donations | and | legacies | |||
| 2023 | 2022 | ||||
| Support costs | 99,126 | 78,411 | |||
| 4. | Net income/(expenditure) | ||||
| Net income/(expenditure) | is stated atter charging/(crediting); | ||||
| 2023 | 2022 | ||||
| Depreciation - owned assets | 2,653 | 3,187 | |||
| 5 | Trustees' remuneration |
and benefits |
| Comp aratives for | the statement oftlnanclal | the statement oftlnanclal | activities | |
|---|---|---|---|---|
| Unrestricted | ||||
| fund | ||||
| INCOME AND ENDOWMENTS FROM | ||||
| Donations and legacies |
289,559 | |||
| Investment income |
28,758 | |||
| Total | 318,317 | |||
| EXPENDITURE | ON | |||
| Raising funds | 78,411 | |||
| Charitable activities |
||||
| Cost ofgenerating | voluntary | income | 2,665 | |
| Total | 81,076 | |||
| NET INCOME | 237,241 |
| Comparaifves for the statement ofSnanciai activities - continued |
|
|---|---|
| Unrestricted | |
| fund | |
| RECONCILIATION OFFUNDS |
|
| Total fimds brought forward | 555,916 |
| TOTAL FUNDS CARRIED FORWARD | 793,157 |
| Tangible fixed assets | |||
|---|---|---|---|
| Fixtures, | |||
| Multimedia | fittings | ||
| Freehold | and music | and | |
| property | equipment | equipment | |
| COST | |||
| At 1April 2022 | 220,798 | 9,922 | 5,639 |
| Additions | 308 | ||
| At 31March 2023 | 220,798 | 9,922 | 5,947 |
| DEPRECIATION | |||
| At 1April 2022 | 6,125 | 2,509 | |
| Charge for year | 949 | 783 | |
| At 31March 2023 | 7,074 | 3,292 | |
| NET BOOKVALUE | |||
| At 31March 2023 | 220,798 | 2,848 | 2,655 |
| At 31March 2022 | 220,798 | 3,797 | 3,130 |
| Motor | Computer | ||
| vehicles | equipment f |
Totals E |
|
| COST | |||
| At 1April 2022 | 6,426 | 242,786 | |
| Additions | 308 | ||
| At 31March 2023 | 6,426 | 243,094 | |
| DEPRECIATION | |||
| At 1April 2022 | 2,742 | 11,376 | |
| Charge for year | 921 | 2,653 | |
| At 31March 2023 | 3,663 | 14,029 | |
| NET BOOKVALUE | |||
| At 31March 2023 | 2,763 | 229,065 | |
| At 31March 2022 | 3,684 | 231,410 |
| 8. | Debtorst amounts | Debtorst amounts | falling due within one year | |||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| f, | ||||||
| Other debtors | 867 | 25 | ||||
| 9. | Current asset investments | |||||
| 2023 | 2022 | |||||
| f | ||||||
| Pentecostal Credit Union deposits | 59,993 | 59495 | ||||
| lb. | Creditors: amounts | falling due within one year | ||||
| 2023 | 2022 | |||||
| Faith Chapel Pcntccostal Assemblies ofthe World | 22,056 | |||||
| Accrued expenses | 3,000 | 2,650 | ||||
| 3,000 | 24,706 | |||||
| 11. | Movement in |
funds | ||||
| Net | ||||||
| movement | At | |||||
| At f422 | in funds | 31.3.23 | ||||
| f. | ||||||
| Unrestricted | funds | |||||
| General fund | 793,157 | 169,997 | 963,154 | |||
| TOTAL FUNDS | 793,157 | 169H7 | 963,154 | |||
| Net movement | in funds, included in the above are as follows: | |||||
| Incoming | Resources | Movement | ||||
| Iesources | expended | in funds | ||||
| Unrestricted | funds | |||||
| General fund | 274,135 | (104,138) | 169,997 | |||
| TOTAL FUNDS | 274,135 | (104,138) | 169,997 |
| Net | ||||
|---|---|---|---|---|
| movement | At | |||
| At 1.4.21 | in funds | 31.3.22 | ||
| 6 | ||||
| Unrestricted | funds | |||
| General fund | 555,916 | 237241 | 793,157 | |
| TOTAL FUNDS | 555,916 | 237741 | 793,157 |
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resolKces | expended | in funds | ||
| Unrestricted | funds | |||
| General fund | 318,317 | (81,076) | 237,241 | |
| TOTAL FUNDS | 318@17 | (81,076) | 237241 | |
| A current year | 12months | and prior year 12months combined position is as follows: | ||
| Net | ||||
| movement | At | |||
| At 1.4.21 | in funds | 31.3.23 | ||
| g | ||||
| Unrestricted | funds | |||
| General fund | 555,916 | 407,238 | 963,154 | |
| TOTAL FUNDS | 555,916 | 407,238 | 963,154 |
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended | in funds | ||
| Unrestricted | funds | |||
| General fund | 592,452 | (185414) | 407,238 | |
| TOTAL FUNDS | 592,452 | (185214) | 407,238 |
| PENTECOSTAL ASSEMBLIES OF THE WORLD DETAILED STATEMENT OFFINANCIALA~S for the Year Ended 31March 2023 |
||
|---|---|---|
| 2023 | 2022 | |
| INCOME ANDENDO~ | ||
| Donations and legacies |
||
| Gifts | 82,156 | 87,796 |
| Grants | 159,042 | 201,763 |
| 241,198 | 289,559 | |
| Investment income |
||
| Rents received | 32439 | 28,758 |
| Credit Union deposit interest | 698 | |
| 32,937 | 28,758 | |
| Total incondng resources | 274,135 | 318,317 |
| Charitable activities |
||
| Functions and events |
2,082 | 1,383 |
| Grants to institutions | 1,911 | |
| Gnmts to individuals | 1,019 | 1,282 |
| 5,012 | 2,665 | |
| Support costs | ||
| Management | ||
| Rates and water | 322 | 134 |
| Insurance | 4,266 | 4,046 |
| Light and heat | 5,035 | 3,386 |
| Telephone and internet | 1,184 | 1,059 |
| Postage and stationery | 3,466 | 2,190 |
| Computer expenses |
1,063 | 1,147 |
| Building repairs and maintenance | 6,855 | 4,522 |
| Decorations | 1,610 | 61 |
| Equipment maintenance |
1,504 | 751 |
| Cleaning | 2,770 | 2,813 |
| Foreign tmvel and accommodation | 4,579 | |
| Security Motor vehicle~ |
3,099 497 |
716 763 |
| Coach hire | 685 | 600 |
| Subscriptions and licences |
2,509 | 885 |
| Books and periodicals | 373 | 964 |
| Ministerial services |
2,300 | |
| Seminars and conferences | 1,105 | 193 |
| Bookkeeping services |
800 | 750 |
| Filing fees | 250 | 250 |
| Carried forward | 44472 | 25,230 |
| for the Year E | nded 31Ma | rch 2023 | ||
|---|---|---|---|---|
| 2023 | 2022 | |||
| Management | ||||
| Brought forward | 44472 | 25430 | ||
| Youth activities | 138 | |||
| Sundry expenses | 194 | |||
| Trsnnng | 1,300 | 356 | ||
| Reverend's stipend |
42,772 | 42,772 | ||
| Organist's fees |
6,000 | 5,200 | ||
| 94,676 | 73,558 | |||
| Finance | ||||
| Card charges | 66 | |||
| Other | ||||
| Depreciation | ofmultimedia | and music | ||
| equipment | 949 | 1,028 | ||
| Depreciation | offixtures, fittings snd equipment | 782 | 931 | |
| Depreciation | ofcomputer | equipment | 921 | 1,228 |
| 2,652 | 3,187 | |||
| Governance | costs | |||
| Accountancy | 1,700 | 1,600 | ||
| Total resources | expended | 104,138 | 81,076 | |
| Net income | 169,997 | 237,241 |