**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 **- 1 -** ## **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. **- 2 -** ## **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. **- 3 -** ## **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 **- 4 -** ## **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: - 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. **- 5 -** ## **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 ........................ **- 6 -** ## **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.** **- 7 -** ## **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: - 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 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.** **- 8 -** ## **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 - 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** ||**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** **- 9 -** ## **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| ||==========================|==========================|==========================| **- 10 -** ## **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
==========================| **- 11 -** ## **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| ||===============================|===============================| **- 12 -** ## **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** . **- 13 -** ## **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| ||||-------------------------------|-------------------------------| **- 14 -** ## **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| ||||===============================|===============================| **- 15 -** ## **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| ||||===============================|===============================| **- 16 -**