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2022-05-31-accounts

COMPANY REGISTRATION NUMBER 00225716

PROPHETIC WITNESS MOVEMENT INTERNATIONAL FINANCIAL STATEMENTS

31 MAY 2022

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 2022

CONTENTS PAGE
Trustees Annual Report 1
Independent examiner's report to the members 5
Statement of financial activities (incorporating the
income and expenditure account) 7
Balance sheet 8
Notes to the financial statements 9
The following pages do not form part of the financial statements
Detailed statement of financial activities 14

PROPHETIC WITNESS MOVEMENT INTERNATIONAL

TRUSTEES ANNUAL REPORT

YEAR ENDED 31 MAY 2022

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 2022.

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 T Palmer I Jamieson W Watson K Cowdrey

Secretary

Bankers

Solicitors

Revd C Le Noury The Royal Bank of Scotland 60 Conduit Street London W1R 9FD 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 2022

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 2022

ACHIEVEMENTS AND PERFORMANCE

The long shadow of covid 19has continued to have an effect on our work in common with many other organisations and churches. It has been encouraging to see some of our branches starting up again with normal meetings but others have not begun yet. Even where branches have restarted there have been supporters who have not felt able to attend for various reasons. There are also some branches which will not restart and this is disappointing. However, we did see the launch of the new Guernsey branch at Easter which was encouraging. In May our annual Bournemouth Convention reconvened in normal fashion for the first time since covid and we were blessed once again with ministry of Dr Wayne Edwards of Georgia who took the Thessalonian epistles as the theme. In June we held our second annual Blessed Hope Conference in Staffordshire on the theme Kingdom now, not yet or never? This proved to be a successful event causing us to believe that we should continue it in the future. Our Northern branches have continued to hold their monthly Zoom rallies on line which have proved to be popular and a great blessing to those who regularly attend. We are grateful to all the speakers who have taken part and to David Raby and Dianne Schofield who have carried much of the organisational work. Also to our webmaster Nigel Murray who has recorded, edited and promoted the messages on You Tube. Dr Charles Sommerville has continued his on line meetings via Zoom reaching many people around the world with our message who would not otherwise be reached. Our overseas work through our Global representatives continues to give encouragement. In the Philippines our representative, Pastor Duane Advento works extremely hard evangelising, discipling and church planting along with ministering to the social needs through the "Feed the children" programme. We are indebted also to Dr Wayne Edwards and his Mature Ministries who have supported the work well. In Nigeria much progress in evangelism has been made through the provision of Bibles by one supporter in particular, enabling our representative, Rev Thomas Udeh to hold regular campaigns. In May our South India representative, Dr Joy Benjamin visited the UK and testified at our Bournemouth Convention on the church planting programme in Kerala and the Andamman islands which continues to be encouraging. Earlier in the year we took the decision to give to editor, Richard Salmon, the responsibility of preparing he production layout of the magazine in preparation for print. This has not only saved money but also allowed Richard to put final touches to the preparation which is noticeable. Many of our readers speak well of the magazines content and presentation and we are indebted to Richard for that. Finally, on a personal note, 2022 has been a challenging year for myself. My wife, Connie, has experienced more problems with her MS and has required more care. On top of this I have had problems with my knee which is still unresolved. Consequently I have not been able to travel and resume the heavy schedule of meetings that I was doing prior to covid. However, I do think the many supporters who I know regularly support us in prayer which is greatly appreciated. In closing may I remind all who are involved in this great work, the words of the apostle Paul who said, "And whatsoever you do, do it heartily as unto the Lord, and not unto men, knowing that of the Lord you shall receive the reward of the inheritance, for ye serve the Lord Christ". Col 3 v 23 -24

Results

Total income in year was a reduction due to no legacies and no appeal. Total expenditure in year was increased due to two conventions held in year none last and an increase in overseas support.

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PROPHETIC WITNESS MOVEMENT INTERNATIONAL

TRUSTEES ANNUAL REPORT (continued)

YEAR ENDED 31 MAY 2022

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.

Reserves

The charity's policy is that 3 months operating costs should be held in reserves. For the year ended 31 May 2022 this is £25,103 (2021: £21,790).

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

3 February 2023

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PROPHETIC WITNESS MOVEMENT INTERNATIONAL

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

YEAR ENDED 31 MAY 2022

I report on the accounts of the company for the year ended 31 May 2022 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:

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 2022

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 2022

Unrestricted Restricted Total Funds Total Funds
Funds Funds 2022 2021
Note £ £ £ £
INCOMING RESOURCES
Incoming resources from
generating funds:
Voluntary income 2 37,150 7,200 44,350 66,641
Investment income 3 29 – 29 22
Incoming resources from
charitable activities 4 34,823 – 34,823 34,304
------------------------------- -------------------------- ------------------------------- ------------------------------------
TOTAL INCOMING
RESOURCES 72,002 7,200 79,202 100,967
------------------------------- -------------------------- ------------------------------- ------------------------------------
RESOURCES EXPENDED
Charitable activities 5/6 (42,400) (6,451) (48,851) (43,984)
Governance costs 7 (39,188) – (39,188) (37,833)
Other resources expended 8 (5,042) – (5,042) (5,232)
------------------------------- -------------------------- ------------------------------- -------------------------------
TOTAL RESOURCES
EXPENDED (86,630) (6,451) (93,081) (87,049)
------------------------------- -------------------------- ------------------------------- -------------------------------
NET
(OUTGOING)/INCOMIN
G RESOURCES FOR
THE YEAR/NET
(EXPENDITURE)/INCO
ME FOR THE YEAR 9 (14,628) 749 (13,879) 13,918
RECONCILIATION OF
FUNDS
Total funds brought forward 43,094 8,533 51,627 37,709
------------------------------- -------------------------- ------------------------------- -------------------------------
TOTAL FUNDS CARRIED
FORWARD 28,466 9,282 37,748 51,627
=============================== ========================== =============================== ===============================

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 2022

2022 2021
Note £ £ £
FIXED ASSETS
Tangible assets 11 1,586 2,122
CURRENT ASSETS
Stocks 12 4,812 5,326
Debtors 13 4,855 4,602
Cash at bank 44,684 52,227
------------------------------- -------------------------------
54,351 62,155
CREDITORS: Amounts falling due within one
year 14 (18,188) (12,650)
------------------------------- -------------------------------
NET CURRENT ASSETS 36,163 49,505
------------------------------- -------------------------------
TOTAL ASSETS LESS CURRENT LIABILITIES 37,749 51,627
------------------------------- -------------------------------
NET ASSETS 37,749 51,627
=============================== ===============================
FUNDS
Restricted income funds 15 9,283 8,533
Unrestricted income funds 16 28,466 43,094
------------------------------- -------------------------------
TOTAL FUNDS 37,749
===============================		 51,627
===============================

For the year ended 31 May 2022 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 3 February 2023.

Revd C Le Noury Philip Jones 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 2022

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

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

Unrestricted Restricted Total Funds Total Funds
Funds Funds 2022 2021
£ £ £ £
Donations
Donations 23,215 7,200 30,415 42,636
Gift Aid 13,935 – 13,935 3,641
Legacies
Legacies – – – 20,364
------------------------------- -------------------------- ------------------------------- -------------------------------
37,150 7,200 44,350 66,641
=============================== ========================== =============================== ===============================

3. INVESTMENT INCOME

INVESTMENT INCOME
Unrestricted Total Funds Total Funds
Funds 2022 2021
£ £ £
Bank interest receivable 29 29 22
================ ================ ================
INCOMING RESOURCES FROM CHARITABLE ACTIVITIES
Unrestricted Total Funds Total Funds
Funds 2022 2021
£ £ £
Prophetic Witness Magazine 28,927 28,927 30,382
Books and tapes 5,896 5,896 3,922
------------------------------- ------------------------------- -------------------------------
34,823 34,823 34,304
=============================== =============================== ===============================

4. INCOMING RESOURCES FROM CHARITABLE ACTIVITIES

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PROPHETIC WITNESS MOVEMENT INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MAY 2022

5. COSTS OF CHARITABLE ACTIVITIES BY FUND TYPE

Unrestricted Restricted Total Funds Total Funds
Funds Funds 2022 2021
£ £ £ £
Prophetic Witness Magazine 38,675 – 38,675 40,575
Books and tapes 2,963 – 2,963 1,744
Conventions and other meetings 762 6,451 7,213 1,665
------------------------------- -------------------------- ------------------------------- -------------------------------
42,400
===============================		 6,451
==========================		 48,851
===============================		 43,984
===============================

6. COSTS OF CHARITABLE ACTIVITIES BY ACTIVITY TYPE

Activities
undertaken Total Funds Total Funds
directly 2022 2021
£ £ £
Prophetic Witness Magazine 38,675 38,675 40,575
Books and tapes 2,963 2,963 1,744
Conventions and other meetings 7,213 7,213 1,665
------------------------------- ------------------------------- -------------------------------
48,851 48,851 43,984
=============================== =============================== ===============================

7. GOVERNANCE COSTS

GOVERNANCE COSTS
Unrestricted Total Funds Total Funds
Funds 2022 2021
£ £ £
Salaries and wages 31,925 31,925 30,270
Premises costs 597 597 547
Accountancy fees 960 960 960
Legal fees 88 88 13
Costs of trustees' meetings 410 410 –
Bank charges – – 4
Depreciation 536 536 708
Ministry Gifts 707 707 1,000
Motor expenses 845 845 1,211
Bookkeeping and secretarial 3,120 3,120 3,120
------------------------------- ------------------------------- -------------------------------
39,188
===============================		 39,188
===============================		 37,833
===============================

8. OTHER RESOURCES EXPENDED

OTHER RESOURCES EXPENDED
Unrestricted Total Funds Total Funds
Funds 2022 2021
£ £ £
Printing and stationery 617 617 807
Postage and telephone 3,281 3,281 3,879
Office equipment 570 570 546
Promotion & Advertising 574 574 –
-------------------------- -------------------------- --------------------------
5,042 5,042 5,232
========================== ========================== ==========================

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PROPHETIC WITNESS MOVEMENT INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MAY 2022

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

This is stated after charging:

This is stated after charging:
2022 2021
£ £
Depreciation 536 708
================ ================
10. STAFF COSTS AND EMOLUMENTS
Total staff costs were as follows:
2022 2021
£ £
Wages and salaries 31,925 30,270
Social security costs – –
------------------------------- -------------------------------
31,925 30,270
=============================== ===============================

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

2022 2021
C Le Noury 24,362 23,069
R J Salmon 7,563 7,201

Particulars of employees:

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

2022 2021 No No

No employee received remuneration of more than £60,000 during the year (2021 - Nil).

11. TANGIBLE FIXED ASSETS

TANGIBLE FIXED ASSETS
Plant and machinery etc.
£
COST
At 1 June 2021 and 31 May 2022 5,030
==========================
DEPRECIATION
At 1 June 2021 2,908
Charge for the year 536
--------------------------
At 31 May 2022 3,444
==========================
NET BOOK VALUE
At 31 May 2022 1,586
==========================
At 31 May 2021 2,122
==========================

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PROPHETIC WITNESS MOVEMENT INTERNATIONAL

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31 MAY 2022

12. STOCKS

12. STOCKS
2022 2021
£ £
Stock 4,812 5,326
========================== ==========================
13. DEBTORS
2022 2021
£ £
Income tax recoverable 2,730 3,641
Other debtors 687 524
Prepayments 1,438 437
-------------------------- --------------------------
4,855 4,602
========================== ==========================
14. CREDITORS: Amounts falling due within one year
2022 2021
£ £
Bank loans and overdrafts 7,018 –
Other creditors 11,170 12,650
------------------------------- -------------------------------
18,188 12,650
=============================== ===============================
15. RESTRICTED INCOME FUNDS RESTRICTED INCOME FUNDS
Balance at Incoming Outgoing Balance at
1 Jun 2021 resources resources 31 May 2022
£ £ £ £
Development Fund 8,533 7,200 (6,450) 9,283
========================== ========================== ========================== ==========================
16. UNRESTRICTED INCOME FUNDS
Balance at Incoming Outgoing Balance at
1 Jun 2021 resources resources 31 May 2022
£ £ £ £
General Reserve fund 45,471 29 – 45,500
General Funds (2,377) 71,973 (86,630) (17,034)
------------------------------- ------------------------------- ------------------------------- -------------------------------
43,094 72,002 (86,630) 28,466
=============================== =============================== =============================== ===============================

17. ANALYSIS OF NET ASSETS BETWEEN FUNDS

Net current
assets Total
£ £
Restricted Income Funds:
Development Fund 45,500 45,500
------------------------------- -------------------------------
Total Funds 45,500 45,500
=============================== ===============================

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PROPHETIC WITNESS MOVEMENT INTERNATIONAL

MANAGEMENT INFORMATION

YEAR ENDED 31 MAY 2022

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 2022

2022 2021
£ £ £
INCOMING RESOURCES
VOLUNTARY INCOME
Donations 30,415 42,636
Gift Aid 13,935 3,641
Legacies – 20,364
------------------------------- -------------------------------
44,350 66,641
------------------------------- -------------------------------
INVESTMENT INCOME
Bank interest receivable 29 22
---------------- ----------------
INCOMING RESOURCES FROM
CHARITABLE ACTIVITIES
Prophetic Witness Magazine 28,927 30,382
Books and tapes 5,896 3,922
------------------------------- -------------------------------
34,823 34,304
------------------------------- -------------------------------
------------------------------- ------------------------------------
TOTAL INCOMING RESOURCES 79,202 100,967
------------------------------- ------------------------------------
RESOURCES EXPENDED
CHARITABLE ACTIVITIES
Cost of sales - Purchases 2,963 1,744
Motor vehicle expenses 6,451 1,140
Motor and travel costs - Other 762 525
Magazine production costs 24,532 27,993
Magazine distribution costs 14,143 12,582
------------------------------- -------------------------------
48,851 43,984
------------------------------- -------------------------------
GOVERNANCE COSTS
Salaries and wages 31,925 30,270
Premises costs 596 547
Accountancy fees 960 960
Legal fees 88 13
Costs of trustees' meetings 410 –
Bank charges – 4
Depreciation 536 708
Ministry Gifts 707 1,000
Motor expenses 845 1,211
Bookkeeping and secretarial 3,120 3,120
------------------------------- -------------------------------
39,187 37,833
------------------------------- -------------------------------

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PROPHETIC WITNESS MOVEMENT INTERNATIONAL

DETAILED STATEMENT OF FINANCIAL ACTIVITIES

YEAR ENDED 31 MAY 2022

YEAR ENDED 31 MAY 2022
2022 2021
£ £ £
OTHER RESOURCES EXPENDED
Printing and stationery 617 807
Postage and telephone 3,281 3,879
Office equipment 570 546
Promotion & Advertising 574 –
-------------------------- --------------------------
5,042 5,232
-------------------------- --------------------------
------------------------------- -------------------------------
TOTAL RESOURCES EXPENDED 93,080 87,049
------------------------------- -------------------------------
------------------------------- -------------------------------
NET (OUTGOING)/INCOMING RESOURCES
FOR THE YEAR (13,878) 13,918
=============================== ===============================

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PROPHETIC WITNESS MOVEMENT INTERNATIONAL

DETAILED STATEMENT OF FINANCIAL ACTIVITIES

YEAR ENDED 31 MAY 2022

2022 2021
£ £ £
CHARITABLE ACTIVITIES
Prophetic Witness Magazine
Activities undertaken directly
Magazine production costs 24,532 27,993
Magazine distribution costs 14,143 12,582
------------------------------- -------------------------------
38,675 40,575
------------------------------- -------------------------------
Books and tapes
Activities undertaken directly
Cost of sales - Purchases 2,963 1,744
------------------------------- -------------------------------
Conventions and other meetings
Activities undertaken directly
Motor vehicle expenses 6,451 1,140
Motor and travel costs - Other 762 525
------------------------------- -------------------------------
7,213 1,665
------------------------------- -------------------------------
48,851 43,984
=============================== ===============================

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