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2023-03-31-accounts

Page
Trustees' Report
Independent
Examiner's		 Report
Statement ofFinancial Activities
Balance Sheet
Notes to the Accounts 10-15

Unrestricted Restricted Total Total
Notes Funds Funds 2023 2022
Incomin
resources from		 enerated funds
Donations and legacies
Rental, investment
and other		 income 18,964
13,498		 500 19,464
13,498		 19,193
2
32,462 500 32,962 19,195
Incoming resources &om charitable activities 4 2,824 2,824 2,832
Total incoming resources 35+86 35,786 22,027
Resources ex
nded
Charitable
activities
Church activities
Premises related cost		 29@57 29/57 25,600
1,105
Total charitable
expenditure		 29,357 29,357 26,705
Governance
costs		 150 150 150
Total resources expended 29,507 29,507 26,865
Net surplus for the year/
Net movement
in funds		 5,779 500 6,279 (4,828)
Fund balances at 1 April 2022 137,774 137,774 17,603
Fund balances at 31 March 2023
Adjustment
ReBalance Sheet		 17 143,553 500 144,053 12,775
124,999
Fund balances at 31 March 2023 Final 143,553 500 144,053 137,774

VICTORY PENTECOSTAL CHURCH OFGOD PENTECOSTAL CHURCH OFGOD
BALANCE SHEET
AS AT 31MARCH 2023
Notes 2023 2022
Fixed assets
Tangible assets 275,000 275,000
Current assets
Debtors 12 3,121 3,130
Investments 13
Cash at Bank and in Hand 13 16,100 11,012
19,221 14,142
Creditors: amounts falling due within
One year 14 (650) (1,950)
Net current assets 18,571 12,192
Total assets less current liabilities 293,571 287,192
Creditors: amounts falling due in more than
One year 15 (149s51S) (149,418)
Net assets 144,053 137,774
Income funds
Reserves B/F funds 12,775 17,603
Unrestricted funds 6,279 (4,828)
Revaluation Reserve 124,999 124,999
17 144,053 137,774

VICTOR Y PENTECOSTAL CHURCH O Y PENTECOSTAL CHURCH O Y PENTECOSTAL CHURCH O FGOD
NOTES TOTHE ACCOUNTS
FORTHE YEAR ENDED 31MARCH 2023
Donations
and legacies
2023 2022
Donations
and gifts		 19,464 19,193
Premises Renovation Fundraising
19,464 19,193
3. Rental and investment income
2023 2022
Rental income 13,439
Interest received 59
13,49$
4. Incoming resources from charitable activities
2023 2022
f
Gift Aid tax recovered 2,824 2,832
Conference Income
5. Total resources expended
Other Grant Total Total
costs ~Fnndin 2023 2022
Charitable
activities
Church activities
Activities undertaken directly 17,357 17@57 14,705
Donations
and gifts
Support costs 12,000 12,000 12,000
Total 29@57 29+57 26,705
Costs ofInvestments/Premises
Improvements
to Premises Spend
29+57 29,357 26,705
Governance
costs		 150 150
29,507 29,507 26,855

Activities undertaken directly
2023 2022
Other costs relating to church activities comprise:-
Pastoral fees and expenses
Printing &Stationary
Light and heat
General Expenses
Telephone &Computer
Charges
Motor expenses		 3,600
143
907
9228
1,548
1,806		 3,600
116
2,611
4,488
1,737
1,669
Equipment
Hire
Flowers
Misc Items
Professional Fees &Other Exp
Bank Charges		 (Includes Premises hire below) 28
97		 219
265
17,357 14,705
Other costs relating to Improving Building
Premises Hire
Professional Fees
Architect Fees
Building Control
Donations
8r, GiIIs included		 in General Exp) 2023 2022
Gifts: Artist, Preachers, Musicians etc 209
Grants to individuals
209

FORTHE YE ARENDED 31MARCH 2023
Support costs 2023 2022
Administrative expenses 12,000 12,000
Repairs
Staffcosts
Depreciation
12,000 12,000

Employees
Number ofemployees
The average monthly number ofemployees during the year was:-
2023 2022
Number Number
Administration
There were no employees whose annual emoluments were f60,000or more.
Tangible
fixed Assets		 Fixtures,
Land and fittings dt Motor
~bnttdin e equi ment vehicles Total
Cost or valuation
At 1 April 2022 275,000 1,857 276,857
Additions 0
Disposals
At 31March 2022 275,000 1,857 276,857
Depreciation
At
1 April 2022		 1,857 1,857
Charge for the year 0
Eliminated
on disposal		 0
At 31March 2022 1,857 1,857
Net book value
At 31March 2022 275,000 275,000
At 31March 2023 275,000 275,000

FORTHE YEAR ENDED 31 MARCH 2023
12. Debtors
2023 2022
f,
Income Tax Recoverable 2,824 2,832
Other Debtors 298 298
Prepayments
and Accrued Income
3,121 3,130
13. Current asset investments
These comprise short term deposits.
14. Creditors: amounts falling due within one year 2023 2022
Property
loans
Other Creditors
Accruals
Accrued Admin/Expenses		 50
600		 50
600
1 300
1,950
15. Creditors: amounts falling due in more than one year 2023 2022
Loans re improvement to buildings 149,518 149,418
149,518 149,418

capital expe nditure:-
Th		 e restricte d funds were all expended dur ing the financial y ear ending 31st ear ending 31st March .
Movement in funds
Balance at incoming Resources Balance at
~1A rii 2022 Referrer ~Ex eded 31March 2023
Building and capital expenditure fund 500
Capitalised Expenditure Re Flat
500 500

17. Analysis ofnet assets between funds Analysis ofnet assets between funds
Unrestricted Restricted
funds funds Total
Fund balances at 31 March 2023 are represented by:-
Tangible fixed assets 275,000 275,000
Current assets 19/21 19,221
Creditors: amounts
falling due		 within one year (650) (650)
Creditors: amounts
falling due		 in more than one year (149,518) (149,518)
293,571 (149,518)
Unrestricted Restricted
funds funds Total
Unrealised
gains included above:
On tangible fixed assets 124,999 124,999
124,999 124,999
Reconciliation ofmovements in unrealised gains
Unrealised
gains at I April 2022		 124,999 124,999
Revaluation
in year
Unrealised
gains at 31 March		 2023 124,999 124,999
18. Cash Flow Statement
Opening
Bank/Cash
Balance		 11,012
Increase/(Decrease)
in Creditors		 (1,200)
W.I.P Fixed Asset
PAL Loss 6,279
(Increase)/Decrease
in Debtors		 9
Closing Bank/Cash
Balance		 16100