THE POCKET TESTAMENT LEAGUE LTD Report and Accounts year ended 30 June 2024
Company registration number: 1461289
Charity registration number: 281910
## **THE POCKET TESTAMENT LEAGUE LTD**
## **FOR THE YEAR ENDED 30 JUNE 2024**
## **COMPANY INFORMATION**
**Trustees** M Brickley R T Garner M M Murphy T J Rowlands appointed 14.2.24 H F Shepheard M A Wiltshire **Key Staff** D Millar **Governing Document** Memorandum and Articles of Association dated 15th Nov 1979 **Company Registration Number** 1461289 **Charity Registration Number** 281910 **Registered Office and** Commodore House **Principal Address** North Wales Business Park Aberele Wales LL22 8LJ **Independent Examiner** Sarah Crispin ACA Stewardship 1 Lamb's Passage London EC1Y 8AB
|**Contents**|**Page**|
|---|---|
|Company Information|1|
|Trustees' Annual Report|2-3|
|Independent Examiner's Report|4|
|Statement of Financial Activities|5|
|Balance Sheet|6|
|Notes to the Accounts|7-12|
|Detailed Statement of Financial Activities with Comparatives|13|
Page 1
## **THE POCKET TESTAMENT LEAGUE LIMITED**
## **TRUSTEES' ANNUAL REPORT (INCLUDING DIRECTORS' REPORT)**
## _**FOR THE YEAR ENDED 30 JUNE 2024**_
The trustees, who are the charity’s directors for the purposes of company law, present their report and accounts for the year ended 30 June 2024.
## **Objectives and activities**
The UK has historically benefited from a strong Biblical foundation, providing a value base that builds strong families and society. As our culture has grown more secular, there has been a decline in this Biblical foundation, and our society is paying the price. Additionally, much of the recent immigration has been from countries which have very little historical exposure to the Bible and the values it offers. The Pocket Testament League (also using the name "Bridge Builders") desires to address these issues, helping people find peace with their Creator, and purpose for their lives.
The Pocket Testament League’s mission is to mobilise and equip Christians to read, carry, and share the Word of God. We encourage members to dedicate a pocket to the Lord, to carry a small Gospel of John in that pocket, and to look for opportunities to share the Word of God as God guides them. Our vision is to recruit 100,000 supporters who will bring the Bible back to the UK in a powerful, and very personal way. Our long-term vision is to champion the Word of God, and to encourage everyone to read it for themselves.
The directors have determined to keep the activities undertaken under review in considering the Charity Commission's guidance on public benefit, and, in particular, the specific guidance on charities for the advancement of religion. The charity undertakes a number of activities in order to achieve these objectives and is committed to ensuring that these activities are open to all in their communities in addition to being available via Christian church fellowships.
## The organisation continues to:
1. Recruit supporters who will share the Word of God. These ‘members of the movement’ are recruited using social media, church presentations, and strategic partnerships.
2. Print and provide Gospels of John with attractive covers, along with other Christian publications. We will send them for free to any who ask.
3. Communicate regularly with supporters through email and social media, sharing inspirational stories and evangelism ideas from other members of the movement.
4. Create custom Gospels of John for churches, ministries, businesses, and individuals to encourage them to share the Word of God.
## **Achievements and performance**
During the past 4 years we have recruited more than 25,000 supporters who have joined the movement to bring the Bible back to the UK. Over that period we have also expanded our Gospel offerings from just four cover designs to more than four dozen, adding foreign language Gospels to our range, including Arabic, Farsi, Finnish, French, Lithuanian, Luganda, Polish, Portuguese, Malagasy, Runyakore-Rukiga, Spanish, Swahili, Swedish, Welsh and Ukrainian to better reach a wider and more diverse population in the UK and overseas.
Thanks to the help of our donors, partners and supporters, The Pocket Testament League continues to develop and grow. In the year to the end of June 2024 we distributed more than 680,000 Gospels in the UK, Europe, the Middle East, Africa and South America, with more than 395,000 being shared in the UK alone. A highlight this year was the publication of more than 25,000 Olympic themed Gospels for distribution in the UK during the Paris Olympics.
Our Gospels and booklets have been stored and sent out by Verité in West Sussex, a Christian company, that has also printed and mailed out periodic magazines and other mailings on our behalf. Our office is linked to Verité by an administrative website.
PTL ministries in India again greatly benefited from generous donations, with £40,500 being donated to the work in India during the last year.
A closer working relationship with PTL in the United States was established in 2018 which has resulted in an improvement in the use of internet technologies, access to branding and new translations, and logistical assistance overseas.
Funds from generous US supporters continues to help the charity to grow and develop. This has enabled us to invest in Facebook advertising to improving our ability to promote literature, broaden the products available, increase ordering volumes, draw new supporters. The financial accounts reflect the value of donated resources for Facebook recruitment, website development, travel and Gospels printed.
The directors remain grateful to all our supporters for their continued prayer, financial giving and partnership in sharing
- 2 -
## **THE POCKET TESTAMENT LEAGUE LIMITED**
## **TRUSTEES' ANNUAL REPORT (INCLUDING DIRECTORS' REPORT) (CONTINUED)** _**FOR THE YEAR ENDED 30 JUNE 2024**_
## **Financial review**
The directors are reporting a surplus for the year of £35,399 (2023: surplus £66,930). Reserves have built up during the year for future use on planned global gospel distribution with the result that unrestricted reserves have increased from £145,918 at the beginning of the year to £162,364 at the end of the financial year.
Donations continue to be made to support new and ongoing gospel projects. It is the policy of the charity that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to at least between three and six months of unrestricted fund expenditure. The directors consider that reserves at this level will ensure that, in the event of a significant fall in funding, they will be able to continue the charity’s current activities while consideration is given to ways in which additional funds may be raised. The level of reserves held at the end of the year represented over 12 months' expenditure.
**Reference and administrative information** is provided on the page following the cover sheet.
The directors have assessed the major risks to which the charity is exposed and are satisfied that systems are in place to mitigate exposure to the major risks.
## **Structure, governance and management**
The Pocket Testament League is a company limited by guarantee.
Directors are appointed and removed in accordance with the company's memorandum and articles of association by members at a general meeting. Existing directors may appoint directors at a meeting of the board.
None of the directors has any beneficial interest in the company. All of the directors are members of the company and guarantee to contribute £1 in the event of a winding up.
## **Responsibilities of trustees under company law**
The trustees are responsible for preparing the trustees' annual report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
Company law requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of the affairs of the charitable company as at the balance sheet date and of its incoming resources and application of resources, including income and expenditure, for the financial year. In preparing these financial statements, the trustees are required to:
1. select suitable accounting policies and apply them consistently;
2. observe the methods and principles in the Charities SORP
3. make judgements and estimates that are reasonable and prudent;
4. state whether the applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
5. prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the charitable company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
This report was approved by the trustees and signed on their behalf by:
## MA Wiltshire
.............................. MA Wiltshire (Feb 28, 2025 11:16 GMT) M A Wiltshire Director (Chair.) Dated: Feb 28, 2025
- 3 -
## **INDEPENDENT EXAMINER'S REPORT**
## **TO THE TRUSTEES OF**
## **THE POCKET TESTAMENT LEAGUE LTD**
I report to the charity trustees on my examination of the accounts of the Company for the year ended 30 June 2024 on pages 5 to 13 following, which have been prepared on the basis of the accounting policies set out on pages 7 to 8.
## **Responsibilities and basis of report**
As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 (‘the 2006 Act’).
Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of your charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act.
## **Independent examiner’s statement**
Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England & Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:
1. accounting records were not kept in respect of the Company as required by section 386 of the 2006 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination; or
4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
## Sarah Crispin
Sarah Crispin (Mar 17, 2025 10:50 GMT)
Sarah Crispin ACA Institute of Chartered Accountants in England & Wales
Stewardship 1 Lamb's Passage London EC1Y 8AB
Date: Mar 17, 2025
Page 4
## **THE POCKET TESTAMENT LEAGUE LTD**
## **STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT**
## **FOR THE YEAR ENDED 30 JUNE 2024**
|Note
**INCOME AND ENDOWMENTS FROM:**
Donations & Legacies
3
Investments
4
**Total income and endowments**
**EXPENDITURE ON:**
Charitable activities
5
**Total expenditure**
**Net gains/(losses) on investments**
**Net income/(expenditure)**
**Transfers between funds**
13
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
13|Unrestricted
Funds
£
161,904
2,433
164,337
147,891
147,891
-
16,446
-
16,446
145,918
162,364|Restricted
Funds
£
210,221
-
210,221
191,268
191,268
-
18,953
-
18,953
69,254
88,207|Total
Funds
2024
£
372,125
2,433
374,558
339,159
339,159
-
35,399
-
35,399
215,172
250,571|Total
Funds
2023
£
400,280
31|
|---|---|---|---|---|
|||||400,311|
|||||333,381|
|||||333,381|
|||||-|
|||||66,930
-|
|||||66,930
148,242|
|||||215,172|
The statement of financial activities includes all gains and losses recognised in the year.
All income and expenditure derive from continuing operations.
The statement of financial activities also complies with the requirements for an income and expenditure account required by the Companies Act 2006.
The notes on pages 7-12 form part of these accounts.
Page 5
## **THE POCKET TESTAMENT LEAGUE LTD**
## **BALANCE SHEET**
## **AS AT 30 JUNE 2024**
|Note
**FIXED ASSETS**
Tangible assets
7
**CURRENT ASSETS**
Stock
8
Debtors
9
Cash at bank and in hand
10
**CREDITORS: Amounts falling**
**due within one year**
11
**Net current assets / (liabilities)**
**Total assets less current liabilities**
**TOTAL NET ASSETS**
**FUND BALANCES**
13
Unrestricted Funds
Restricted Funds|Unrestricted
Funds
£
-
-
30,525
6,606
154,303
191,434
(29,070)
162,364
162,364
162,364
162,364
-
162,364|Restricted
Funds
£
-
-
-
36,026
85,889
121,916
(33,708)
88,207
88,207
88,207
-
88,207
88,207|Total
Funds
2024
£
-
-
30,525
42,632
240,192
313,349
(62,778)
250,571
250,571
250,571
162,364
88,207
250,571|Total
Funds
2023
£
377|
|---|---|---|---|---|
|||||377|
|||||30,205
1,555
208,755|
|||||240,515
(25,720)|
|||||214,795|
||||||
|||||215,172|
|||||215,172|
|||||145,918
69,254|
|||||215,172|
The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.
The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 in accordance with Section 476 of the Companies Act 2006 however, in accordance with Section 145 of the Charities Act 2011, the accounts have been examined by an independent examiner and their report has been included in these financial statements.
The directors (who are the charitable company's trustees for the purposes of charity law) acknowledge their responsibilities
- (a) ensuring that the charitable company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
- (b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end of each financial year and of its net income or expenditure for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the charitable company.
The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.
The financial statements were approved by the Board of Directors and were signed on its behalf by:
MA Wiltshire MA Wiltshire (Feb 28, 2025 11:16 GMT) M A Wiltshire
> Date: Feb 28, 2025
Company number: 1461289
Charity number: 281910
The notes on pages 7-12 form part of these accounts.
Page 6
## **THE POCKET TESTAMENT LEAGUE LTD**
## **NOTES TO THE ACCOUNTS**
## **COMPANY INFORMATION**
## **1 Statutory Information**
The Pocket Testament League Ltd is a charitable company limited by guarantee and is incorporated in the United Kingdom. The company's registered number and registered office address can be found on the Company Information page.
## **2 Accounting Policies**
These financial statements are prepared on a going concern basis, under the historical cost convention.
These financial statements have been prepared in accordance with the "Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) ("the Charities SORP"), with the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102"), with the Companies Act 2006 and with the Charities Act 2011. The charity meets the definition of a public benefit entity as set out in FRS 102.
The principles adopted in the preparation of the financial statements are set out below.
## a) Going concern
The trustees (who are the charitable company's directors for the purposes of company law) have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. In particular the trustees have considered the charity's forecasts and projections and the possible implications should projected income and / or expenditure vary unexpectedly. The trustees have concluded that there is a reasonable expectation that the charity has adequate resources to continue to operate for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.
b) Income Income including investment income is recognised in the period in which the charity becomes entitled to receipt, the amount receivable can be measured with reasonable certainty, and receipt is probable. For the most part, income is generally recognised when it is received. Income is only deferred when the charity has to fulfil conditions before becoming entitled to it or where the donor has specified that the income is to be expended in a future period.
Income from donations includes:
- i) Recoverable gift aid. This is recognised when the related donation is received. Gift aid that has not been recovered by the balance sheet date is included as a debtor.
- ii) Donated goods and services. For 2021 represent the estimated value of literature purchased on the UK charity's behalf together with costs of developing and maintaining the charity's website and Facebook presence as well as the costs of travel of personnel seconded to assist in the UK.This value has been included in voluntary income in the Statement of Financial Activities.
c) Expenditure Expenditure, including any VAT which cannot be recovered, is accounted for on an accruals basis and allocated to the appropriate heading in the accounts. Staff costs and other administration costs are allocated to support costs on the basis of time taken. Bookkeeping costs are allocated to the overseas activity on the basis of time taken. Governance costs include those incurred with the governance of the charity and its assets and are primarily associated with constitutional and statutory requirements.
Grants and donations payable are taken into account at the earlier of when they are paid or become legally enforceable.
## d) Fund accounting
Unrestricted funds are available for use at the discretion of the directors in furtherance of their charitable objectives. Restricted funds are subject to specific conditions by donors as to how they may be used.
## e) Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost net of depreciation and any impairment losses. Depreciation is recognised so as to write off the cost of assets less their residual values over their useful lives on the following bases:-
Computers Over 3 years
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset and is recognised in the statement of financial activities.
7
## **THE POCKET TESTAMENT LEAGUE LTD**
## **NOTES TO THE ACCOUNTS**
## **COMPANY INFORMATION**
- f) Impairment of fixed assets
At each reporting end date, the charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any).
g) Stocks
- Stocks, which are held for distribution at no or nominal consideration, are stated at the lower of cost and estimated service potential. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. Net realisable value is the estimated related donations less all estimates costs of completion and costs to be incurred in marketing and distribution.
## h) Pension scheme arrangements
Payments to defined contribution reitrement benefit schemes are charged as an expense as they fall due.
i) Taxation The company is a registered charity; it has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's income.
- j) Financial instruments
- The charity's financial assets and financial liabilities all qualify as basic financial instruments, as defined by FRS102. Except for loans, creditors and debtors are measured at their expected settlement value (normally the amount of cash that the charity expects to pay or receive). The charity recognises liabilities for the principal of those loans that remains outstanding at the year end (i.e. the liabilities exclude any interest chargeable on the loans in future years).
- k) Exemption from preparing a cashflow statement
The charity has taken advantage of an exemption conferred by the Charities SORP and has not prepared a cash flow statement.
- l) Commitments for future expenditure Other than the normal commitments under contracts of employment there are no contractual or constructive obligations to future expenditure at the balance sheet date. Where the directors have authorised expenditure which is not yet legally enforceable or become constructive obligations amounts are set aside into funds designated for the purpose.
- m) Critical accounting estimates and areas of judgement
- The trustees do not consider that there are any material sources of estimation or uncertainty at the balance sheet date that could result in a material adjustment to the carrying values of assets and liabilities in the next reporting period.
|**3**
**Donations & Legacies**
Donations and gifts
Literature donations
Legacies receivable
Income tax recoverable
**4**
**Investment income**
Bank interest
**5**
**Charitable activities**
**a**
**Costs incurred directly on specific activities**
Staff costs
Depreciation and impairment
Literature purchases and stock movement
Newsletter
Travelling expenses
Storage
Processing costs
Postage and stationery
Member recruitment and mobilisation
Grants (see note 4c)|Total
2024
£
281,380
73,587
10,228
6,930
372,125
2024
£
2,433
2,433
Total
2024
£
23,341
377
161,229
6,354
6,512
8,028
17,537
20,757
12,399
256,534
42,000
298,534|Total
2023
£
305,891
88,120
-
6,269|
|---|---|---|
|||400,280|
|||2023
£
31|
|||31|
|||Total
2023
£
21,480
734
134,830
3,384
6,279
6,780
31,321
31,709
13,136|
|||249,653
43,750|
|||293,403|
8
## **THE POCKET TESTAMENT LEAGUE LTD**
## **NOTES TO THE ACCOUNTS**
## **COMPANY INFORMATION**
|**b**
**Costs incurred on support & administration**
Governance costs
Fee for examining the accounts
Staff costs
Administrative expenses|1,872
5,848
32,905
40,625
339,159|1,800
4,533
33,645|
|---|---|---|
|||39,978|
|||333,381|
The fee payable to the independent examiner for examining the accounts was £1,872 (2023: £1,800); in addition the charity paid £664 (2023: £634) for other services.
## **c Grants payable**
|Grants for PTL India
The Evans Robert Institute
The comparatives for the previous year are as follows:
Grants for PTL India
Gross wages and salaries
Pension costs
**Analysis of staff costs, the cost of key management personnel and trustee remuneration**|Institutions
£
40,500
1,500
42,000
Institutions
£
43,750
2024
£
26,899
2,290
29,189|2024
£
40,500
1,500|
|---|---|---|
|||42,000|
|||2023
£
43,750|
|||2023
£
23,830
2,183|
|||26,013|
## **6 Analysis of staff costs, the cost of key management personnel and trustee remuneration**
The average monthly number of employees during the year was 2 (2023: 2). Most of the charity's activities are carried out by volunteers.
No staff received salaries at a rate of more than £60,000 per annum.
No trustees received employment benefits in either the current or preceding year.
During the year key management received employment benefits totalling £23,488 (2023: £21,480).
## **7 Tangible fixed assets**
|Cost
At 1 July 2023
Additions
At 30 June 2024
Accumulated depreciation
At 1 July 2023
Charge for the year
At 30 June 2024
Net book value
At 30 June 2024
At 30 June 2023
**Stock**
Literature|Computers
£
2,201
-
2,201
1,824
377
2,201
-
377
2024
£
30,525
30,525|Total
2024
£
2,201
-|
|---|---|---|
|||2,201|
|||1,824
377|
|||2,201|
|||-|
|||377|
|||2023
£
30,205|
|||30,205|
## **8 Stock**
9
## **THE POCKET TESTAMENT LEAGUE LTD**
## **NOTES TO THE ACCOUNTS**
## **COMPANY INFORMATION**
## **9 Debtors**
|**tors**|||
|---|---|---|
|**Falling due within one year:**
Tax recoverable
Other debtors
Accrued income
Prepayments
**Total debtors**|2024
£
2,018
841
39,427
346
42,632|2023
£
448
774
-
333|
|||1,555|
## **10 Cash at Bank and in Hand**
|**h at Bank and in Hand**|||
|---|---|---|
|Cash at bank with immediate access
**itors: liabilities falling due within one year**
Taxation and social security
Other creditors
Accruals|2024
£
240,192
2024
£
773
60,121
1,884
62,778|2023
£
208,755|
|||2023
£
706
23,201
1,813|
|||25,720|
## **11 Creditors: liabilities falling due within one year**
## **12 Pension commitments**
During the year employer's pension contributions totalling £2,793 (2023: £2,183) were payable to defined contribution personal pension schemes. Pension contributions of £213 (2023: £650) were owing at the balance sheet date.
## **13 Funds**
During the year the movements in the charity's funds were as follows:
|Unrestricted Funds
_Restricted Funds_
PTL India
Salary support
Travel support
Argentina
Christmas gospels
English gospels
English / Welsh evangelists
Finland gospels
Football Euros gospels
Herald Trust
Israel gospels
Lake Victoria
Olympic gospels
Panama gospels
Papua New Guinea gospels
Polish gospels
Prayer breakfast gospels
Scottish gospels
Spanish gospels
Swedish gospels
Ugandan gospels
Ukraine gospels
Welsh gospels
Aggregate of funds|Opening
balance
2024
£
145,918
711
46,236
2,324
-
-
-
-
-
-
-
-
-
-
5,491
-
808
4,849
-
-
8,835
-
-
-
69,254
215,172|Incoming
resources
2024
£
164,337
41,710
30,766
-
4,964
8,271
8,914
4,195
8,141
5,155
5,308
22,898
8,141
6,911
-
8,442
-
1,289
23,494
1,575
-
3,093
15,022
1,933
210,221
374,558|Outgoing
resources
2024
£
(147,891)
(40,500)
(29,854)
(2,324)
(4,964)
(8,271)
(8,914)
(4,195)
(8,141)
(5,155)
(5,308)
-
(8,141)
(6,155)
(5,491)
-
(808)
(4,851)
(23,494)
(1,575)
(8,835)
(1,276)
(11,084)
(1,933)
(191,268)
(339,159)|Closing
balance
2024
£
162,364|
|---|---|---|---|---|
|||||1,921
47,149
-
-
-
-
-
-
-
-
22,898
-
756
-
8,442
-
1,286
-
-
-
1,817
3,938
-|
|||||88,207|
|||||250,571|
Aggregate of funds
10
## **THE POCKET TESTAMENT LEAGUE LTD**
## **NOTES TO THE ACCOUNTS**
## **COMPANY INFORMATION**
## **Restricted funds**
PTL India is a sister church and evangelistic organisation in India. The Salary Support fund is to help towards the salary cost of the chief executive officer. The Travel Support fund is to help towards the travel costs of the chief executive officer. The Argentina fund is to help fund the supply of gospels in Argentina.
The Christmas gospels fund is to help fund the supply of Christmas booklets and gospels. The English gospels fund is to help fund the supply of gospels in England.
The English / Welsh evangelists fund is to help fund the supply of gospels in England and Wales The Finland gospels fund is to help fund the supply of gospels to Finland. The Football Euros gospels fund is to help fund the supply of Football Euros gospels. The Herald Trust fund is to help fund the supply of gospels in Scotland. The Israel gospels fund is to help fund the supply of gospels in Israel. The Lake Victoria fund is to help fund the supply of gospels in Lake Victoria. The Olympic gospels fund is to help fund the supply of Olympic gospels. The Panama gospels fund is to help fund the supply of gospels in Panama.
The Papua New Guinea gospels fund is to help fund the supply of gospels in Papua New Guinea. The Polish gospels fund is to help fund the supply of gospels in Poland.
The Prayer breakfast gospels fund is to help fund the supply of gospels in prayer breakfasts. The Scottish gospels fund is to help fund the supply of gospels in Scotland. The Spanish gospels fund is to help fund the supply of gospels in Spain. The Swedish gospels fund is to help fund the supply of gospels in Sweden. The Ugandan gospels fund is to help fund the supply of gospels in Uganda. The Ukraine gospels fund is to help fund the supply of gospels in Ukraine. The Welsh gospels fund is to help fund the supply of gospels in Wales.
## **Analysis of net assets by fund**
The assets and liabilities of the various funds were as follows:
|Tangible fixed assets
Stock
Debtors
Cash at bank and in hand
Creditors falling due within one year|Unrestricted
funds
£
-
30,525
6,606
154,303
(29,070)
162,364|Restricted
funds
£
-
-
36,026
85,889
(33,708)
88,207|2024
£
-
30,525
42,632
240,192
(62,778)|
|---|---|---|---|
||||250,571|
11
## **THE POCKET TESTAMENT LEAGUE LTD**
## **NOTES TO THE ACCOUNTS COMPANY INFORMATION**
In the previous year the movements in the charity's funds were as follows:
|Unrestricted Funds
_Restricted Funds_
PTL India
Salary support
Travel support
Colombia gospels
Coronation gospels
Easter gospels
English gospels
Faithful Servant
Football Worldcup
Irish gospels
Lake Victoria
Panama gospels
Polish gospels
Prayer breakfast gospels
Scottish gospels
Swedish gospels
Ukraine gospels
Welsh gospels
Aggregate of funds|Opening
balance
2023
£
119,724
511
10,206
-
-
-
-
-
-
-
-
-
-
3,270
5,696
-
8,835
-
-
28,518
148,242|Incoming
resources
£
163,513
43,950
62,677
7,959
4,144
49,499
2,952
2,752
21,363
8,288
3,989
8,288
6,621
-
-
1,994
-
11,324
997
236,798
400,311|Outgoing
resources
£
(137,319)
(43,750)
(26,647)
(5,634)
(4,144)
(49,499)
(2,952)
(2,752)
(21,363)
(8,288)
(3,989)
(8,288)
(1,130)
(2,462)
(848)
(1,994)
-
(11,324)
(997)
(196,062)
(333,381)|Transfers
in the year
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|Closing
balance
2023
£
145,918|
|---|---|---|---|---|---|
||||||711
46,236
2,324
-
-
-
-
-
-
-
-
5,491
808
4,848
-
8,835
-
-|
||||||69,254|
||||||215,172|
## **Analysis of net assets by fund**
In the previous year, the assets and liabilities of the various funds were as follows:
|Tangible fixed assets
Stock
Debtors
Cash at bank and in hand
Creditors falling due within one year|Unrestricted
funds
£
377
30,205
1,505
139,418
(25,587)
145,918|Restricted
funds
£
-
-
50
69,337
(133)
69,254|2023
£
377
30,205
1,555
208,755
(25,720)|
|---|---|---|---|
||||215,172|
## **14 Transactions with related parties**
- During the year the charity:
- a) received donations totalling £16,838 (2023: £11,078) from related parties (which includes trustees, any other members of key management and anyone closely connected to them).
- b) paid expenses totalling £9 (2023: £39) to 1 (2023: 4) trustees for travel and subsistence whilst carrying out duties associated with being trustees; reimbursements for expenses incurred when acting as agent for the charity or incurred when undertaking employment duties not connected with serving as a trustee are not included in this disclosure.
## **15 Members**
Each member of the company commits to contribute if the charity is wound up an amount of £1.
12
## **THE POCKET TESTAMENT LEAGUE LTD**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES WITH COMPARATIVES**
## **FOR THE YEAR ENDED 30 JUNE 2024**
|Note
**INCOME AND ENDOWMENTS FROM:**
Donations & Legacies
3
Investments
4
**Total income and endowments**
**EXPENDITURE ON:**
Charitable activities:
5
**Total Expenditure**
**Net income for the year / Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
**Total funds carried forward**
13||Unrestricted
2024
£
161,904
2,433
164,337
147,891
147,891
16,446
145,918
162,364|Restricted
2024
£
210,221
-
210,221
191,268
191,268
18,953
69,254
88,207|Total
2024
£
372,125
2,433
374,558
339,159
339,159
35,399
215,172
250,571|||Unrestricted
2023
£
163,482
31
163,513
137,319
137,319
26,194
119,724
145,918|Restricted
2023
£
236,798
-
236,798
196,062
196,062
40,736
28,518
69,254|Total
2023
£
400,280
31
400,311
333,381
333,381
66,930
148,242
215,172|
|---|---|---|---|---|---|---|---|---|---|
13