2023-03-31-accounts

			CHURCH OF GOD OF PROPHECY TRUST	CHURCH OF GOD OF PROPHECY TRUST
			(A company limited by guarantee)
REFERENCE AND			ADMINISTRATIVE DETAILS OF THE COMPANY, ITSTRUSTEES AND ADVISERS
			(CONTINUED)
			FOR THE YEAR ENDED	31 MARCH 2023
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 E Williams, Regional Overseer
			Rev J Atherley, Regional Overseer
			Rev LRowe, Regional Overseer
			Rev D Bailey, Regional Overseer
			Rev P Rochester, Regional Overseer
			Rev KSchafer, Regional Overseer
			Rev LGraham, Pastor, Trustee
			Rev N Fletcher, Pastor, Co-optee
			Rev M Douglas, Trustee
Company	secretary		Mrs A Taylor
Independent		auditors	PKF Smith Cooper Audit Limited
			Statutory Auditors
			158Edmund Street
			Birmingham
			632HB
Bankers			National Westminster Bank
			2St.Phillips Place
			Birmingham
			West Midlands
			B32RB
			Barclays Bank pic
			PO Box16294
			1-2Trinity
			Chingford
			E48US
Solicitors			Harris &Harris
			14 Market Place
			Wells
			Somerset
			BA52RE

				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
				2023	2023	2023	2022
			Note	6	6	6	6
Income from:
Donations and legacies				3,378,253		3,378,253	3,017,399
Charitable activities				794,030		794,030	893,592
Investments				119,643		119,643	58,274
Total income				4,291,926		4,291,926	3,969,265
Expenditure on:
Charitable activities				3,999,778		3,999,778	3,588,796
Total expenditure				3,999,778		3,999,778	3,588,796
Net movement in	funds before	other
recognised gains				292,148		292,148	380,469
Other recognised	gains:
Investment property revaluation		gain	13	147,123		147,123	162,500
Net movement in funds				439,271		439,271	542,969
Reconciliation offunds:
Total funds brought	forward		19	13,816,473	577,579	14,394,052	13,851,083
Net movement in funds			19	439,271		439,271	542,969
Total funds carried forward				14,255,744	577,579	14,833,323	14,394,052

				2023		2022
		Note		6
Fixed assets
Tangible assets		12		9,111,407		9,3S1,852
Investment property		13		2,215,000		1,987,500
				11,326,407		11,349,352
Current assets
Debtors		14	105,833		99,373
Cash at bank and in hand		22	4,192,807		3,812,389
			4,298,640		3,911,762
Creditors: amounts	falling due within one
year		15	(555,022)		(541,478)
Net current assets				3,743,618		3,370,284
Total assets less current liabilities				15,070,025		14,719,536
Creditors: amounts	falling due after more
than one year		16		(236,702)		(325,584)
Total net assets				14,833,323		14,394,052
Charity funds
Restricted funds		18		577,579		577,579
Unrestricted funds		18		14,255,744		13,815,473
Total funds				14,833,323		14,394,052

	Unrestricted	Total
	funds	funds
	2023	2023
	E	E
Donations	3,367,753	3,367,753
Grants	10,500	10,500
	3,378,253	3,378,253

	Vnrestri cted	Total
	funds	funds
	2022	2022
	E	E
Donations	2944,769	2944,759
Grants	72630	72,630
	3,017,399	3,017,399
Income from charitable activities
	Unrestricted	Total
	funds	funds
	2023	2023
	E	E
Ministries	401,783	401,783
Nursery	275,641	275,641
Rent	116,606	116,606
	794,030	794,030

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

	Unrestricted
	funds	Total
	2023	2023
	E	E
Worship/Ministries	1,043,943	1,043,943
Discipleship	397,286	397,286
Social Action	190,972	190,972
Stewardship	1,858,032	1,858,032
Mission	282,023	282,023
Nursery	227,522	227,522
	3,999,778	3,999,778
	I/nrestncfed
	funds	Total
	2022	2022
		E
Worship/Ministries	855,745	855,745
Discipleship	362503	352,503
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

	Activities
	undertaken	Support	Total
	directly	costs	funds
	2023	2023	2023
	E	E	E
Worship/Ministries	1,043,943		1,043,943
Discipleship	397,286		397,286
Social Action	190,972		190,972
Stewardship	924,102	933,930	1,858,032
Mission	282,023		282,023
Nursery		227,522	227,522
	2,838,326	1,161,452	3,999,778
	Activities
	undertaken	Support	Total
	direcVy	costs	funds
	2022f	2022	2022 E
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

					Steward-		Total
					ship	Nursery	funds
					2023	2023	2023
					E	E	E
	Staff costs				557,870	159,988	717,858
	Depreciation				278,022	3,527	281,549
	Interest of	loans			38,649		38,649
	Accountancy					3,226	3,226
	Legal and	professional		fees		3,457	3,457
	Other nursery		costs			57,324	57,324
	Governance		costs		59,389		59,389
					933,930	227,522	1,161,452
							Total
					Stewardship	Nursery	funds
					2022	2022f	2022f
	Staff costs				553,622	206,486	760,108
	Depreciation				274,798	5,387	280,185
	Interest on	loans			37,232		37,232
	Accountancy					2750	2750
	Legal and	professional		fees		5,082	5,082
	Other nursery		costs			57,474	57,474
	Governance		costs		42692		42,692
					908,344	277,179	1,185,523
9.	Auditors'	remuneration
						2023 E	2022f
	Fees payable		(excluding	VAT) to the Company's	auditor for the audit ofthe
	Company's	annual accounts				20,750	17,750

The avera	ge headcount expressed as full-time equi	valents was:
		2023	2022
		No.	No.
Presiding	Bishop	1	1
Pastors		26	28
Other staff		27	27

	Land and	Motor		Fixtures	Church	Nursery
	buildings	vehicles	and fittings		contents	assets	Total
	E	E		E	E	E	E
Cost
At 1 April 2022	10,471,480	180,581		659,359	1,502,351	116,573	12,930,344
Additions				6,741	24,363		31,104
At 31 March 2023	10,471,480	180,581		666,100	1,526,714	116,573	12,961.448
Depreciation
At 1 April 2022	1,514,337	175,430		602,199	1,176,115	100,411	3,568,492
Charge for the year	208,815	4,549		14,810	49,332	4,043	281,549
At 31 March 2023	1,723,152	179,979		617,009	1,225,447	104,454	3,850,041
Net book value
At 31 March 2023	8,748,328	602		49,091	301,267	12,119	9,111,407
At 31March 2022	8,957,143	5,151		57,160	328,238	16,152	9,361,852
The net book value of land and buildings		are split	as	follows:
						2023	2022*
						E	E
Freehold						7,218,603	7,390,264
Leasehold						1,529,725	1,586,879
						8,748,328	8,957,143

	Freehold
	investment
	property
	5
Valuation
At 1 April 2022	1,987,500
Additions	80,377
Surplus on revaluation	147,123
At 31 March 2023	2,215,000

		2023	2022
Due after more than one year
Other debtors		40,000	40,000
		40,000	40,000
Due within one year
Trade debtors		27,050	25,739
Other debtors		19,923	23,132
Prepayments	and accrued income	18,860	10,502
		105,833	99,373

			2023	2022
			5
Bank loans			96,229	132,221
Other loans			39,250	80,300
Trade creditors			47,752	41,926
Other taxation and social security			20,272	22,087
Obligations under finance lease and hire purchase		contracts	8,783	9,536
Other creditors			99,609	85,296
Accruals and deferred	income		243,127	170,112
			555,022	541,478

			2023	2022
			6
Bank loans			202,052	252,842
Other loans			34,650	84,000
Net obligations	under finance lease and hire purchase	contracts		8,742
			236,702	325,584

				2023	2022
Payable	or	repayable	by instalments	202,052	252,842
Payable	or	repayable	other than by instalments	34,650	64,000
				236,702	316,842

				2023	2022
				6
Financial	assets
Financial	assets measured	at amortised	cost	86,973	88,871
				2023	2022
				E	6
Financial	liabilities
Financial	liabilities measured	at amortised	cost	539,814	678,672

Summary	offunds - current ye	ar
							Balance at
		Balance at 1				Gains/	31 INarch
		April 2022	Income	Expenditure		(Losses)	2023
		E	E		E	E	E
General funds		13,816,473	4,291,926	(3,999,778)		147,123	14,255,744
Restricted	funds	577,579					577,579
		14,394,052	4,291,926	(3,999,778)		147,123	14,833,323
Summary	offunds - prior year
							Balance at
		Balance at				Gainer	31March
		1 April 2021f	Income f	Expenditure	f	(Losses) f	2022 f
General funds		13,273,504	3,969,265	(3,588,796)		162500	13,816,473
Restricted	funds	577,579					577,579
		13,851,083	3,969,265	(3,588,796)		162500	14,394,052

Analysis	ofnet assets between funds - current	year
		Unrestricted	Restricted	Total
		funds	funds	funds
		2023	2023	2023
		E	E	E
Tangible fixed assets		9,111,407		9,111,407
Investment	property	2,215,000		2,215,000
Debtors due after more than one year		40,000		40,000
Current assets		3,681,061	577,579	4,258,640
Creditors	due within one year	(555,022)		(555,022)
Creditors	due in more than one year	(236,702)		(236,702)
Total		14,255,744	577,579	14,833,323

	Analysis ofnet as	sets between	funds -	prior year
				Unrestricted	Restncted	Total
				funds	funds	funds
				2022	2022	2022
				8	6
	Tangible fixed assets			9,3S1,852		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)		(54'l,478)
	Creditors due in more than one year			(325,584)		(325,584)
	Total			13,816,473	577,579	14,394,052
21.	Reconciliation of	net movement	in funds to net cash flow from operating		activities
					2023 6	2022f
	Net income for the	year (as per Statement		ofFinancial Activities)	292,148	380,469
	Adjustments for:
	Depreciation charges				281,549	280,185
	Net interest paid				38,649	37,232
	(Increase)/decrease	in debtors			(6,460)	16,115
	(Decrease)/increase	in creditors			81,844	37,918
	Net cash provided	by operating	activities		687,730	751,917
22.	Analysis ofcash and cash equivalents
					2023	2022
						6
	Cash in hand				4,192,807	3,812,389
	Total cash and cash equivalents				4,192,807	3,812,389

cancel	lable operating leases as follows:
		2023	2022
		E	5
Within	1 year	21,390	14,329
Between 1 and 5years		22,985	28,881
Later	than 5years	99,200	100,400
		143,575	143,610