**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 

**- 1 -** 



## **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. 

**- 2 -** 



**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. 

**- 3 -** 



## **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). 

**- 4 -** 



## **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 

**- 5 -** 



## **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: 

- examine the accounts under section 145 of the 2011 Act; 

- to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and 

- to state whether particular matters have come to my attention. 

## **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: 

- to  keep  accounting  records  in  accordance  with  section  386  of  the Companies Act 2006; and 

- to prepare accounts which accord with the accounting records, comply with the accounting requirements of section 396 of the Companies Act 2006 and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities 

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. 

**- 6 -** 



## **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 

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

**- 7 -** 



## **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.** 

**- 8 -** 



## **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: 

- The  members  have  not  required  the  company  to  obtain  an  audit  of  its accounts for the year in question in accordance with section 476; and 

- The  trustees  acknowledge  their  responsibilities  for  complying  with  the requirements  of  the  Act  with  respect  to  accounting  records  and  the preparation of accounts. 

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.** 

**- 9 -** 



## **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.** 

**- 10 -** 



**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** 

**- 11 -** 



## **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|
||==============|==============|==============|
||==============|==============|==============|
||===|===|===|



**- 12 -** 



## **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|



**- 13 -** 



## **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|
||==============|==============|==============|
||============|============|============|



**- 14 -** 



## **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**<br>No|**No**<br>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|
||==========================|



**- 15 -** 



## **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**|
|**£**|**£**|



**- 16 -** 



## **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|
||==============|==============|
||==============|==============|
||===|===|



**- 17 -** 



## **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** . 

**- 18 -** 



## **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|
|||-------------------------------|-------------------------------|



**- 19 -** 



## **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)|
||==============||==============|
||==============||==============|
|||===|===|



**- 20 -** 



## **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|
||==============||==============|
||==============||==============|
|||===|===|



**- 21 -**