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||||Page||
|---|---|---|---|---|
|Report ofthe|trustees|1|to|2|
|Independent|examiner's<br>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|





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|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|





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|BALANCE SHEET<br>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<br>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<br>funds||963,154|793,157|
|TOTAL FUNDS||963,154|793,157|





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|2.|Investment<br>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'<br>remuneration||and benefits|||



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|Comp aratives for|the statement oftlnanclal|the statement oftlnanclal|activities||
|---|---|---|---|---|
|||||Unrestricted|
|||||fund|
|INCOME AND ENDOWMENTS FROM|||||
|Donations<br>and legacies||||289,559|
|Investment<br>income||||28,758|
|Total||||318,317|
|EXPENDITURE|ON||||
|Raising funds||||78,411|
|Charitable<br>activities|||||
|Cost ofgenerating|voluntary|income||2,665|
|Total||||81,076|
|NET INCOME||||237,241|





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|Comparaifves<br>for the statement ofSnanciai activities - continued||
|---|---|
||Unrestricted|
||fund|
|RECONCILIATION<br>OFFUNDS||
|Total fimds brought forward|555,916|
|TOTAL FUNDS CARRIED FORWARD|793,157|



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|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<br>f|Totals<br>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<br>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|





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||||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|





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|PENTECOSTAL ASSEMBLIES OF THE WORLD<br>DETAILED STATEMENT OFFINANCIALA~S<br>for the Year Ended 31March 2023|||
|---|---|---|
||2023|2022|
|INCOME ANDENDO~|||
|Donations<br>and legacies|||
|Gifts|82,156|87,796|
|Grants|159,042|201,763|
||241,198|289,559|
|Investment<br>income|||
|Rents received|32439|28,758|
|Credit Union deposit interest|698||
||32,937|28,758|
|Total incondng resources|274,135|318,317|
|Charitable<br>activities|||
|Functions<br>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<br>expenses|1,063|1,147|
|Building repairs and maintenance|6,855|4,522|
|Decorations|1,610|61|
|Equipment<br>maintenance|1,504|751|
|Cleaning|2,770|2,813|
|Foreign tmvel and accommodation|4,579||
|Security<br>Motor vehicle~|3,099<br>497|716<br>763|
|Coach hire|685|600|
|Subscriptions<br>and licences|2,509|885|
|Books and periodicals|373|964|
|Ministerial<br>services|2,300||
|Seminars and conferences|1,105|193|
|Bookkeeping<br>services|800|750|
|Filing fees|250|250|
|Carried forward|44472|25,230|





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|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<br>stipend|||42,772|42,772|
|Organist's<br>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|