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2021-05-31-accounts

COMPANY REGISTRATION NUMBER

00225716

PROPHETIC WITNESS MOVEMENT INTERNATIONAL FINANCIAL STATEMENTS

31 MAY 2021

Charity Number 228941

D SMITH ASSOCIATES LTD

14 Yellow House Lane Southport Merseyside PR8 1ER

PROPHETIC WITNESS MOVEMENT INTERNATIONAL

FINANCIAL STATEMENTS

YEAR ENDED 31 MAY 2021

CONTENTS PAGE
Trustees Annual Report 1
Independent examiner's report to the members 6
Statement of fnancial activities (incorporating the
income and expenditure account) 8
Balance sheet 9
Notes to the fnancial statements 11
**The following pages do not form part of ** the fnancial
statements
Detailed statement of fnancial activities 19

PROPHETIC WITNESS MOVEMENT INTERNATIONAL

TRUSTEES ANNUAL REPORT

YEAR ENDED 31 MAY 2021

The trustees, who are also directors for the purposes of company law, present their report and the unaudited financial statements of the company for the year ended 31 May 2021.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered charity name Prophetic Witness Movement International Charity registration number 228941 Company registration number 00225716 Principal office 139 Leyland Lane Leyland Lancashire PR25 1XE

The trustees

The trustees who served the company during the period were as follows:

Revd C Le Noury Dr S Boreland R J Salmon P Jones J Williams (appointed 13/08/2019) T Palmer (appointed 12/11/2019) I Jamieson (appointed 12/05/2020) W Watson (appointed 10/02/2020) K Cowdrey (appointed 12/05/2020)

Secretary Revd C Le Noury Bankers The Royal Bank of Scotland 60 Conduit Street London W1R 9FD Solicitors Wilkinsons Solicitors 1a Strawberry Bank Preston New Road Blackburn BB2 6AZ

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PROPHETIC WITNESS MOVEMENT INTERNATIONAL

TRUSTEES ANNUAL REPORT (continued)

YEAR ENDED 31 MAY 2021

STRUCTURE, GOVERNANCE AND MANAGEMENT

Governing Document

The charity is controlled by its governing document, a deed of trust, and constitutes a limited company, limited by guarantee, as defined by the Companies Act 1985.

The charity is governed by the Memorandum and Articles of Association, incorporated on 09 November 1927 and as amended in January 1966, 01 January 1970, 17 February 1971 and 20 June 1972.

The charity is a company limited by guarantee, the liability of the guarantors being limited to £1 each, registered in England and Wales, registration number 00225716.

OBJECTIVES AND ACTIVITIES

The objects of the charity are to herald and make known the coming again of our Lord Jesus Christ and to earnestly contend for the faith once delivered to the Saints, and in particular to all things as shall procure and tend to the dissemination and propagation in all lands of the doctrines contained in the Memorandum and Association. To make known in all lands, the gospel of our Lord Jesus Christ, to print, publish and sell any books, leaflets or literature that the association may think desirable for the promotion of its objects and to do all such lawful things as are incidental or conducive to the attainment of the objects.

Significant Activities

Our main activities are the publishing of PROPHETIC WITNESS magazine, the proclamation of our message through branch meetings, rallies, conferences, conventions and residential weekends, the sale of literature at these events and by mail order and propagation of our message worldwide via our website.

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PROPHETIC WITNESS MOVEMENT INTERNATIONAL

TRUSTEES ANNUAL REPORT (continued)

YEAR ENDED 31 MAY 2021

ACHIEVEMENTS AND PERFORMANCE

2Let us hold fast the confession of our hope, without wavering, for He is faithful that promised…" Hebrews c10v23

As we come near to the close of our second year in this Covid world we can look back and praise the Lord for His faithfulness. Once again it has been an abnormal year with several months of lockdown and inhibitions on the work. Nevertheless, we have continued to be busy and active making use of new opportunities open to us. Our annual Bournemouth Convention was cancelled again due to lockdown, but we were able to hold an online convention during that week with messages from Alec Passmore, Stephen Boreland, Don Hender and myself. Later in the year we were able to hold a regular in person convention at Heathlands Hotel with reasonable numbers given the circumstances. Unfortunately, just three weeks before the event Dr Don Hender had to drop off the speaking team due to having contracted Covid 19 and almost immediately after our Key speaker, Dr Wayne Edwards of USA had to pull out due to Covid travel restrictions. This meant having to restructure the programme, but I was grateful to Alan Franklin for his willingness to upgrade from 3 morning sessions to 7 key evening sessions. I am also thankful to Richard Salmon, Andrew Phipps and John Williams for agreeing to step in alongside myself to cover the morning. In the event it turned out to be a blessed time of teaching and fellowship. In July, again under restrictions, we were able to hold our first Blessed Hope Conference in Derby with a very good attendance (we actually had to refuse admission to some who would have liked to attend), A number of organisations had responded to our invitation to join and participate, and the event was most successful. We have continued to use modern technology and a number of messages and thumbnail talks have been posted on You tube. At the commencement of the year the northern branches worked together to plan monthly prophecy rallies on-line via Zoom and these have maintained a steady following. At the same time Dr Charles Sommercille our Scottish Representative has greatly expanded his on-line teaching by demand from many countries around the world and has fulfilled an important and vital role. Overseas in the Philippines our representative, Pastor Duane Advento, was offered a piece of land by the Mayor of a town for the building of a church. Through the Lord's provision here in the UK and from the USA Pastor Duane and his people were able to buy all the necessary materials and erect the church in less than eight weeks. During the year we have seen the home call of a number of supporters including our former Philippines representative, Pastor Renato Advento, Stephanie Taylor, wife of our former Editor and Chairman Rev Glyn Taylor and just recently another former Chairman, Mr David Hoyle. We rejoice that they are at rest in the Lord and pray for the loved ones left behind. May the Lord continue to bless as we move forward in His name.

FINANCIAL REVIEW

Risk Management

The trustees have a duty to identify and review the risk to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.

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PROPHETIC WITNESS MOVEMENT INTERNATIONAL

TRUSTEES ANNUAL REPORT (continued)

YEAR ENDED 31 MAY 2021

Reserves

The charity's policy is that 3 months operating costs should be held in reserves. For the year ended 31 May 2021 this is £21,790 (2019: £21,678).

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PROPHETIC WITNESS MOVEMENT INTERNATIONAL

TRUSTEES ANNUAL REPORT (continued)

YEAR ENDED 31 MAY 2021

PLANS FOR FUTURE PERIODS

The charity is continuing to aim and is pro-actively seeking to start up various new branches.

INDEPENDENT EXAMINER

D Smith Associates Ltd has been re-appointed as independent examiner for the ensuing year.

SMALL COMPANY PROVISIONS

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

Registered office: 139 Leyland Lane Leyland Lancashire PR25 1XE

Signed on behalf of the trustees

Rev C Le Noury Secretary

10 February 2022

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PROPHETIC WITNESS MOVEMENT INTERNATIONAL

INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF PROPHETIC WITNESS MOVEMENT INTERNATIONAL

YEAR ENDED 31 MAY 2021

I report on the accounts of the company for the year ended 31 May 2021 which are set out on pages 7 to 12.

RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND EXAMINER

The trustees (who are also the directors of Prophetic Witness Movement International for the purposes of company law) are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

Having satisfied myself that the company is not subject to audit under company law and is eligible for independent examination, it is my responsibility to:

BASIS OF INDEPENDENT EXAMINER'S REPORT

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the company and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.

INDEPENDENT EXAMINER'S STATEMENT

In connection with my examination, no matter has come to my attention:

(1) which gives me reasonable cause to believe that in any material respect the requirements:

have not been met; or

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

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PROPHETIC WITNESS MOVEMENT INTERNATIONAL

INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF PROPHETIC WITNESS MOVEMENT INTERNATIONAL (continued)

YEAR ENDED 31 MAY 2021

D Smith Associates Ltd Independent examiner

14 Yellow House Lane Southport Merseyside PR8 1ER

........................

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PROPHETIC WITNESS MOVEMENT INTERNATIONAL

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING THE INCOME AND EXPENDITURE ACCOUNT)

YEAR ENDED 31 MAY 2021

Unrestricte Restricted Total Funds Total Funds
d Funds Funds 2021 2020
Note £ £ £ £
INCOMING
RESOURCES
Incoming resources from
generating funds:
Voluntary income 2 64,613 2,028 66,641 23,314
Investment income 3 5 17 22 359
Incoming resources
from charitable
activities 4 34,304 – 34,304 31,883
------------------------------- -------------------------- ------------------------------------ -------------------------------
TOTAL INCOMING
RESOURCES 98,922 2,045 100,967 55,556
------------------------------- -------------------------- ------------------------------------ -------------------------------
RESOURCES
EXPENDED
Charitable activities 5/6 (42,844) (1,140) (43,984) (45,899)
Governance costs 7 (37,833) – (37,833) (37,490)
Other resources
expended 8 (5,232) – (5,232) (2,911)
------------------------------- -------------------------- ------------------------------- -------------------------------
TOTAL RESOURCES
EXPENDED (85,909) (1,140) (87,049) (86,300)
------------------------------- -------------------------- ------------------------------- -------------------------------
NET INCOMING/
(OUTGOING)
RESOURCES FOR
THE YEAR/NET
INCOME/
(EXPENDITURE)
FOR THE YEAR 9 13,013 905 13,918 (30,744)
RECONCILIATION OF
FUNDS
Total funds brought
forward 30,064 7,645 37,709 68,452
------------------------------- -------------------------- ------------------------------- -------------------------------
TOTAL FUNDS
CARRIED FORWARD 43,077 8,550 51,627 37,708
================= ================= ================= =================
============== ========= ============== ==============

The Statement of Financial Activities includes all gains and losses in the year and therefore

a statement of total recognised gains and losses has not been prepared.

All of the above amounts relate to continuing activities.

The notes on pages 9 to 12 form part of these financial statements.

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PROPHETIC WITNESS MOVEMENT INTERNATIONAL

BALANCE SHEET

31 MAY 2021

2021 2020
Note £ £ £
FIXED ASSETS
Tangible assets 11 2,122 2,830
CURRENT ASSETS
Stocks 12 5,326 4,529
Debtors 13 4,602 2,351
Cash at bank 52,227 50,650
------------------------------- -------------------------------
62,155 57,530
CREDITORS: Amounts falling due
within one year 14 (12,650) (22,652)
------------------------------- -------------------------------
NET CURRENT ASSETS 49,505 34,878
------------------------------- -------------------------------
TOTAL ASSETS LESS CURRENT LIABILITIES 51,627 37,708
------------------------------- -------------------------------
NET ASSETS 51,627 37,708
============== ==============
============== ==============
=== ===
FUNDS
Restricted income funds 15 8,533 7,645
Unrestricted income funds 16 43,094 30,063
------------------------------- -------------------------------
TOTAL FUNDS 51,627 37,708
============== ==============
============== ==============
=== ===

For the year ended 31 May 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Trustees' responsibilities:

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and with the Financial Reporting Standard for Smaller Entities (effective April 2008).

These financial statements were approved and signed by the member of the committee and authorised for issue on 10 February 2022.

Revd C Le Noury Philip Jones

The notes on pages 9 to 12 form part of these financial statements.

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PROPHETIC WITNESS MOVEMENT INTERNATIONAL

BALANCE SHEET

31 MAY 2021

2021 2020 Note £ £ £

Trustee Trustee

Company Registration Number: 00225716

The notes on pages 9 to 12 form part of these financial statements.

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PROPHETIC WITNESS MOVEMENT INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MAY 2021

1. ACCOUNTING POLICIES

Basis of accounting

The financial statements have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), and the requirements of the Statement of Recommended Practice 'Accounting and Reporting by Charities' issued in March 2005 (SORP 2005).

Fixed assets

All fixed assets are initially recorded at cost.

Depreciation

Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:

Motor Vehicles

25% reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

2. VOLUNTARY INCOME

Unrestric Total Total
ted Restricte Funds Funds
Funds d Funds 2021 2020
£ £ £ £
Donations
Donations 40,608 2,028 42,636 20,349
Gift Aid 3,641 – 3,641 2,715
Legacies
Legacies 20,364 – 20,364 250
------------------------------- -------------------------- ------------------------------- -------------------------------
64,613 2,028 66,641 23,314
============== ============== ==============
============== ============== ============== ==============
=== ============ === ===

3. INVESTMENT INCOME

INVESTMENT INCOME
Unrestric Total Total
ted Restricte Funds Funds
Funds d Funds 2021 2020
£ £ £ £
Bank interest receivable 5 17 22 359
============== ============== ============== ==============
== == == ==
INCOMING RESOURCES FROM CHARITABLE ACTIVITIES
Unrestric Total Total
ted Funds Funds
2020

4. INCOMING RESOURCES FROM CHARITABLE ACTIVITIES

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PROPHETIC WITNESS MOVEMENT INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MAY 2021

Funds 2021
£ £ £
Prophetic Witness Magazine 30,382 30,382 26,896
Books and tapes 3,922 3,922 4,987
------------------------------- ------------------------------- -------------------------------
34,304 34,304 31,883
============== ============== ==============
============== ============== ==============
=== === ===

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PROPHETIC WITNESS MOVEMENT INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MAY 2021

5. COSTS OF CHARITABLE ACTIVITIES BY FUND TYPE

Unrestric Total Total
ted Restricte Funds Funds
Funds d Funds 2021 2020
£ £ £ £
Prophetic Witness Magazine 40,575 – 40,575 38,991
Books and tapes 1,744 – 1,744 5,430
Conventions and other
meetings 525 1,140 1,665 1,478
------------------------------- -------------------------- ------------------------------- -------------------------------
42,844 1,140 43,984 45,899
============== ============== ==============
============== ============== ============== ==============
=== ============ === ===
6. COSTS OF CHARITABLE ACTIVITIES BY ACTIVITY TYPE BY ACTIVITY TYPE
Activities
undertak Total Total
en Funds Funds
directly 2021 2020
£ £ £
Prophetic Witness Magazine 40,575 40,575 38,991
Books and tapes 1,744 1,744 5,430
Conventions and other meetings 1,665 1,665 1,478
------------------------------- ------------------------------- -------------------------------
43,984 43,984 45,899
============== ============== ==============
============== ============== ==============
=== === ===
7. GOVERNANCE COSTS
Unrestric Total Total
ted Funds Funds
Funds 2021 2020
£ £ £
Salaries and wages 30,270 30,270 29,230
Premises costs 547 547 788
Accountancy fees 960 960 960
Legal fees 13 13 13
Costs of trustees' meetings – – 1,603
Bank charges 4 4 8
Depreciation 708 708 944
Ministry Gifts 1,000 1,000 250
Motor expenses 1,211 1,211 574
Bookkeeping and secretarial 3,120 3,120 3,120
------------------------------- ------------------------------- -------------------------------
37,833 37,833 37,490
============== ============== ==============
============== ============== ==============
=== === ===
8. OTHER RESOURCES EXPENDED
Unrestric Total Total
ted Funds Funds
Funds 2021 2020

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PROPHETIC WITNESS MOVEMENT INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MAY 2021

£ £ £
Printing and stationery 807 807 218
Postage and telephone 3,879 3,879 2,086
Ofice equipment 546 546 607
-------------------------- -------------------------- --------------------------
5,232 5,232 2,911
============== ============== ==============
============ ============ ============

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PROPHETIC WITNESS MOVEMENT INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MAY 2021

9. NET INCOMING/(OUTGOING) RESOURCES FOR THE YEAR

This is stated after charging:

2021 2020
£ £
Depreciation 708 944
============== ==============
== ==
**10. ** STAFF COSTS AND EMOLUMENTS
Total staf costs were as follows:
2021 2020
£ £
Wages and salaries 30,270 29,230
Social security costs – –
------------------------------- -------------------------------
30,270 29,230
============== ==============
============== ==============
=== ===

The following trustees were paid for their services during the year:

2020 2019
C Le Noury 22,283 21,635
G L Taylor 6,947 6,745

Particulars of employees:

The average number of employees during the year, calculated on the basis of full-time equivalents, was as follows:

2021 2020
No No
No
No		 No
No
No employee received remuneration of more than £60,000 during the year
(2020 - Nil).
11. TANGIBLE FIXED ASSETS
Plant and
machinery etc.
£
COST
At 1 June 2020 and 31 May 2021 5,030
==========================
DEPRECIATION
At 1 June 2020 2,200
Charge for the year 708
--------------------------
At 31 May 2021 2,908
==========================
NET BOOK VALUE
At 31 May 2021 2,122
==========================
At 31 May 2020 2,830
==========================

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PROPHETIC WITNESS MOVEMENT INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MAY 2021

12. STOCKS

2021 2020
£ £
Stock 5,326 4,529
============== ==============
============ ============
DEBTORS
2021 2020
£ £
Income tax recoverable 3,641 1,245
Other debtors 524 565
Prepayments 437 541
-------------------------- --------------------------
4,602 2,351
============== ==============
============ ============

13. DEBTORS

14. CREDITORS: Amounts falling due within one year

2021 2020
£ £
Bank loans and overdrafts – 4,197
Other creditors 12,650 18,455
------------------------------- -------------------------------
12,650 22,652
============== ==============
============== ==============
=== ===

15. RESTRICTED INCOME FUNDS

Balance at
Balance at Incoming Outgoing 31 May 202
1 Jun 2020 resources resources 1
£ £ £ £
Development Fund 7,645 2,028 (1,140) 8,533
================= ================= ================= =================
========= ========= ========= =========
UNRESTRICTED INCOME FUNDS
Balance at
Balance at Incoming Outgoing 31 May 202
1 Jun 2020 resources resources 1
£ £ £ £
General Reserve fund 45,454 17 – 45,471
General Funds (15,390) 98,921 (85,908) (2,377)
------------------------------- ------------------------------- ------------------------------- -------------------------------
30,064 98,938 (85,908) 43,094
================= ================= ================= =================
============== ============== ============== ==============

16. UNRESTRICTED INCOME FUNDS

17. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Net
current
assets Total
£ £

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PROPHETIC WITNESS MOVEMENT INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MAY 2021
Restricted Income Funds:
Development Fund 50,193 50,193
Unrestricted Income Funds 1,434 1,434
------------------------------- -------------------------------
Total Funds 51,627 51,627
============== ==============
============== ==============
=== ===

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PROPHETIC WITNESS MOVEMENT INTERNATIONAL

MANAGEMENT INFORMATION

YEAR ENDED 31 MAY 2021

The following pages do not form part of the statutory financial statements which are the subject of the independent examiner's report on pages 5 to 6 .

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PROPHETIC WITNESS MOVEMENT INTERNATIONAL

DETAILED STATEMENT OF FINANCIAL ACTIVITIES

YEAR ENDED 31 MAY 2021

2021 2020
£ £ £
INCOMING RESOURCES
VOLUNTARY INCOME
Donations 42,636 20,349
Gift Aid 3,641 2,715
Legacies 20,364 250
------------------------------- -------------------------------
66,641 23,314
------------------------------- -------------------------------
INVESTMENT INCOME
Bank interest receivable 22 359
---------------- ----------------
INCOMING RESOURCES FROM
CHARITABLE ACTIVITIES
Prophetic Witness Magazine 30,382 26,896
Books and tapes 3,922 4,987
------------------------------- -------------------------------
34,304 31,883
------------------------------- -------------------------------
------------------------------------ -------------------------------
TOTAL INCOMING RESOURCES 100,967 55,556
------------------------------------ -------------------------------
RESOURCES EXPENDED
CHARITABLE ACTIVITIES
Cost of sales - Purchases 1,744 5,430
Motor vehicle expenses 1,140 1,240
Motor and travel costs - Other 525 238
Magazine production costs 27,993 27,191
Magazine distribution costs 12,582 11,800
------------------------------- -------------------------------
43,984 45,899
------------------------------- -------------------------------
GOVERNANCE COSTS
Salaries and wages 30,270 29,230
Premises costs 547 788
Accountancy fees 960 960
Legal fees 13 13
Costs of trustees' meetings – 1,603
Bank charges 4 8
Depreciation 708 944
Ministry Gifts 1,000 250
Motor expenses 1,211 574
Bookkeeping and secretarial 3,120 3,120
------------------------------- -------------------------------
37,833 37,490
------------------------------- -------------------------------

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PROPHETIC WITNESS MOVEMENT INTERNATIONAL

DETAILED STATEMENT OF FINANCIAL ACTIVITIES

YEAR ENDED 31 MAY 2021

2021 2020
£ £ £
OTHER RESOURCES EXPENDED
Printing and stationery 807 218
Postage and telephone 3,879 2,086
Ofice equipment 546 607
-------------------------- --------------------------
5,232 2,911
-------------------------- --------------------------
------------------------------- -------------------------------
TOTAL RESOURCES EXPENDED 87,049 86,300
------------------------------- -------------------------------
------------------------------- -------------------------------
NET INCOMING/(OUTGOING)
RESOURCES FOR THE YEAR 13,918 (30,744)
============== ==============
============== ==============
=== ===

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PROPHETIC WITNESS MOVEMENT INTERNATIONAL

DETAILED STATEMENT OF FINANCIAL ACTIVITIES

YEAR ENDED 31 MAY 2021

2021 2020
£ £ £
CHARITABLE ACTIVITIES
Prophetic Witness Magazine
Activities undertaken directly
Magazine production costs 27,993 27,191
Magazine distribution costs 12,582 11,800
------------------------------- -------------------------------
40,575 38,991
------------------------------- -------------------------------
Books and tapes
Activities undertaken directly
Cost of sales - Purchases 1,744 5,430
------------------------------- -------------------------------
Conventions and other meetings
Activities undertaken directly
Motor vehicle expenses 1,140 1,240
Motor and travel costs - Other 525 238
------------------------------- -------------------------------
1,665 1,478
------------------------------- -------------------------------
43,984 45,899
============== ==============
============== ==============
=== ===

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