2022-03-31-accounts - Church Of God Of Prophecy Trust

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REFERENCE AND	REFERENCE AND	REFERENCE AND	ADMINISTRATIVE DETAILS OF THE COMPANY, ITSTRUSTEES AND ADVISERS	ADMINISTRATIVE DETAILS OF THE COMPANY, ITSTRUSTEES AND ADVISERS	ADMINISTRATIVE DETAILS OF THE COMPANY, ITSTRUSTEES AND ADVISERS	ADMINISTRATIVE DETAILS OF THE COMPANY, ITSTRUSTEES AND ADVISERS
			(CONTINUED)
			FOR THE YEAR ENDED			31 MARCH 2022
Executive	Team		Rev TPowell, National		Presiding	Bishop
			Rev M Wilson, Corporate Administrator
			Mrs A Taylor, Trustee
			Rev BMorris, Honorary		Treasurer
			Ms A Mason, Office Manager
			Rev J Fletcher, Trustee
			Mr D Orgill, Interim Corporate Accountant
			Rev A Reid, Trustee
			Rev P McCalla, Regional Overseer
			Rev RVeira, Regional	Overseer
			Rev EWilliams, Regional Overseer
			Rev J Atherley, Regional Overseer
			Rev L Rowe, Regional	Overseer
			Rev D Bailey, Regional		Overseer
			Rev P Rochester, Regional Overseer
			Rev K Schafer, Regional Overseer
			Rev L Graham, Pastor,		Trustee
			Rev N Fletcher, Pastor,		C~ptee
			Rev M Douglas, Trustee
Company	secretary		Mrs A Taylor
Independent		auditors	PKF Smith Cooper Audit Limited
			Statutory Auditors
			158Edmund Street
			Birmingham
			B32HB
Bankers			National Westminster	Bank
			2St. Phillips Place
			Birmingham
			West Midlands
			B32RB
			Barclays Bank pic
			PO Box16294
			1-2Trinity
			Chingford
			E48US
Solicitors			Harris &Harris
			14Market Place
			Wells
			Somerset
			BAS2RE

				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
			Note	2022 f	2022	2022 6	2021
Income from:
Donations and legacies			4	3,017,399		3,017,399	2912,012
Charitable activities			5	893,592		893,592	802,705
Investments			6	58,274		58,274	52,423
Total income				3,969,265		3,969,265	3,767,140
Expenditure on:
Charitable activities			7	3,588,796		3,588,796	3,380,801
Total expenditure				3,588,796		3,588,796	3,380,801
Net movement in funds before		other
recognised gains				380,469		380,469	386,339
Other recognised gains:
Investment property	revaluation	gain	13	162,500		162,500	185,726
Net movement in funds				542,969		542,969	572,065
Reconciliation offunds:
Total funds brought	forward		19	13,273,504	577,579	13,851,083	13,279,018
Net movement in funds			19	542,969		542,969	572,055
Total funds carried forward				13,816,473	577,579	14,394,052	13,851,083

						2022	2021
			Note			E	8
Fixed assets
Tangible assets			12			9,361,852	9,142,902
Investment property			13			1,987,500	1,825,000
					11,349,352		10,967,902
Current assets
Debtors			14	99,373			115,488
Cash at bank and in hand			22	3,812,389			3,681,379
				3,911,762			3,796,867
Creditors: amounts	falling	due within one
year			15	(541,478)			(420,071J
Net current assets						3,370,284	3,376,796
Total assets less current liabilities					14,719,636		14,344,698
Creditors: amounts	falling	due after more
than one year			16			(325,584)	(493,615)
Total net assets					14,394,052		13,851,083
Charity funds
Restricted funds			18			577,579	577,579
Unrestricted funds			18		13,816,473		13,273,504
Total funds					14,394,052		13,851,083
The financial statements		were approved	and authorised	for issue by	the	Trustees and	signed on their behalf by:
Bishop Tedroy Powell				i	op	Bernard Morris (Treasurer)
Trustee '		''		Tr stee

	Unrestricted	Total
	funds	funds
	2022	2022
	E	E
Donations	2,944,769	2,944,769
Grants	72,630	72,630
	3,017,399	3,017,399

	Unrestricted	Total
	funds	funds
	2021	2021
	E	E
Donations	2,810,047	2,810,047
Grants	101,965	101,965
	2912,012	2,912,012

	Unrestricted	Total
	funds	funds
	2022	2022
	E	E
Ministries	469,471	469,471
Nursery	294,243	294,243
Rent	129,878	t29,878
	893,592	893,592

	Unrestricted	Total
	funds*	funds
	2021f	2021f
Ministries	373,215	373,215
Nursery	291,795	291,795
Rent	137,695	137,695
	802 705	802,705

					Unrestricted	Total
					funds	funds
					2022f	2022f
Rental	income	-	investment	properties	58,274	58,274
					Unrestricted	Total
					funds	funds
					2021f	2021f
Rental	income	-	investment	properties	52423	52,423

	Unrestricted
	funds	Total
	2022	2022
		6
Worship/Ministries	855,745	855,745
Discipleship	362,503	362,503
Social Action	213,294	213,294
Stewardship	1,598,240	1,598,240
Mission	281,835	281,835
Nursery	277,179	277,179
	3,588,796	3,588,796
	Unrestricted
	funds	Total
	2021	2021
	5	5
Worship/Ministries	694,165	694,165
Discipleship	381,341	381,341
Social Action	241,835	241,835
Stewardship	1,455,431	1,455,431
Mission	316,070	316,070
Nursery	291,959	291,959
	3,380,801	3,380,801

	Activities
	undertaken	Support	Total
	directly	costs	funds
	2022	2022	2022
	6	6	8
Worship/Ministries	855,745		855,745
Discipleship	362,503		362,503
Social Action	213,294		213,294
Stewardship	689,896	908,344	1,598,240
Mission	281,835		281,835
Nursery		277,179	277,179
	2,403,273	1,185,523	3,588,796

	Activities
	undertaken	Support	Total
	directly	costs	funds
	2021f	2021f	2021
Worship/Ministries	694,165		694,165
Discipleship	381,341		381,341
Social Action	241,835		241,835
Stewardship	546,996	908,435	1,455,431
Mission	316,070		316,070
Nursery		291,959	291,959
	2 180,407	1,200,394	3,380,801

					Steward-		Total
					ship	Nursery	funds
					2022f	2022f	2022f
	Staff costs				553,622	206,486	760,108
	Depreciation				274,798	5,387	280,185
	Interest of	loans			37,232		37,232
	Accountancy					2,750	2,750
	Legal and	professional		fees		5,082	5,082
	Other nursery costs					57,474	57,474
	Governance		costs		42,692		42,692
					908,344	277,179	1,185,523
							Total
					Stewardship	Nurserir	funds
					2021f	2021f	2021f
	Staff costs				529,851	202,395	732,246
	Depreciation				276,305	7,187	283,492
	Interest on	loans			39,08S		39,086
	Accountancy					2,874	2,874
	Legal and	professional		fees		6,573	6,573
	Other nursery costs					72,930	72,930
	Governance		costs		63,193		63,193
					908,435	291,959	1,200,394
9.	Auditors'	remuneration
						2022	2021f
	Fees payable (excluding			VAT) to the Company's	auditor for the audit ofthe
	Company's		annual accounts			17,750	17,250

The average	The average	number of	persons employed	during the year was as follows:
				2022	2021
				No.	No.
				105	109
The average		headcount	expressed as full-time equivalents	was:
				2022	2021
				No.	No.
Presiding	Bishop			1	1
Pastors				26	26
Other staff				27	27

2022	2021
No.	No.
105	109

	Land and	Motor	Fixtures	Church	Nursery
	buildings	vehicles	and fittings	contents	assets	Total
	6			6	6
Cost
At 1 April 2021	10,050,841	180,581	640,882	1,442,332	116,573	12,431,209
Additions	420,639		18,477	60,019		499,135
At 31 March 2022	10,471,480	180,581	659,359	1,502,351	116,573	12,930,344
Depreciation
At 1 April 2021	1,310,985	169,956	585,891	1,126,451	95,024	3,288,307
Charge for the year	203,352	5,474	16,308	49,664	5,387	280,185
At 31 March 2022	1,514,337	175,430	602,199	1,176,115	100,411	3,568,492
Net book value
At 31 March 2022	8,957,143	5,151	57,160	326,236	16,162	9,361,852
At 31March 2021	8,739,856	10,625	54,991	315,881	21,549	9,142,902

	2022	2021
Freehold	6,915,364	6,650,246
Leasehold	2,041,779	2,089,610
	8,957,143	8,739,856

	Freehold
	investment
	property
	5
Valuation
At 1 April 2021	1,825,000
Surplus on revaluation	162,500
At 31 March 2022	1,987,500

		2022	2021
		5	5
Due after more than one year
Other debtors		40,000	40,000
		40,000	40,000
Due within one year
Trade debtors		25,739	30,725
Other debtors		23,132	38,389
Prepayments	and accrued income	10,502	5,374
		99,373	115,488

			2022	2021
			E
Bank loans			132,221	128,488
Otherloans			80,300
Trade creditors			41,926	43,198
Other taxation and social security			22,087	28,039
Obligations under finance lease and hire purchase		contracts	9,536	10,078
Other creditors			85,296	84,048
Accruals and deferred	income		170,112	128,222
			541,478	420,071

		2022	2021
		6
Bank loans		252,842	324,859
Otherloans		64,000	144,300
Net obligations	under finance lease and hire purchase contracts	8,742	24,456
		325,584	493,615

				2022	2021
				6
Payable	or	repayable	by instalments	252,842	324,859
Payable	or	repayable	other than by instalments	84,000	144,300
				316,842	459,159

				2022	2021
				8	8
Financial	assets
Financial	assets measured		at amortised cost	88,871	109,114
				2022	2021
				8
Financial	liabilities
Financial	liabilities	measured	at amortised cost	678,672	752,390

Summary	offunds - current ye	ar
						Balance at
		Balance at 1			Gains/	31 March
		April 2021	Income	Expenditure	(Losses)	2022
		K	6	6	5	6
General funds		13,273,504	3,969,265	(3,588,796)	162,500	13,816,473
Restricted	funds	577,579				577,579
		13,851,083	3,969,265	(3,588,796)	162,500	14,394,052
Summary	offunds - prior year
						Balance et
		Balance at			Gainer	31Mamh
		1April 2020	Income	Expenditure	(Losses)	2021
		E	E			E
General funds		12,701,439	3,767,140	(3,380,801)	185,726	13,273,504
Restricted	funds	577,579				577,579
		13279018	3,767,140	(3380801)	185,726	13,851,083

Analysis	ofnet assets between funds - current	year
		Unrestricted	Restricted	Total
		funds	funds	funds
		2022	2022	2022
		5	6	8
Tangible fixed assets		9,361,852		9,361,852
Investment	property	1,987,500		1,987,500
Debtors due after more than one year		40,000		40,000
Current assets		3,294,183	577,579	3,871,762
Creditors	due within one year	(541,478)		(541,478)
Creditors	due in more than one year	(325,584)		(325,584)
Total		13,816,473	577,579	14,394,052

	Analysis ofnet as	set		s between	funds - prior year
						Unrestricted	Restricted	Total
						funds	funds	funds
						2021	2021	2021
						6
	Tangible fixed assets					9,142902		9, 142,902
	Investment property					1,825,000		1,825,000
	Debtors due after more than one				year	40,000		40,000
	Current assets					3,179,288	577,579	3,756,867
	Creditors due within	one year				(420,071)		(420,071)
	Creditors due in more		than one year			(493,615)		(493,615)
	Total					13,273,504	577,579	13,851,083
21.	Reconciliation of	net		movement	in funds to net cash flow from operating		activities
							2022f	2021
	Net income for the	year (as per Statement ofFinancial Activities)					380,469	386,339
	Adjustments for:
	Depreciation charges						280,185	283,492
	Net interest paid						37,232	39,086
	(Increase) / decrease		in debtors				16,115	(1,097)
	(Decrease) / increase			in creditors			37,916	55,709
	Net cash provided	by		operating	activities		751,917	763,529
22.	Analysis ofcash and			cash equivalents
							2022	2021
							6	6
	Cash in hand						3,812,389	3,681,379
	Total cash and cash		equivalents				3,812,389	3,681,379

		2022	2021
			5
Within	1 year	14,329	10,525
Between 1 and 5years		28,881	8,137
Later	than 5years	100,400	101,600
		143,610	120,262