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||||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||
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|||||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|
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||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|
##
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||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|
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||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|
##
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||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|
##
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||||||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|
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||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|
##
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##
||||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|
##
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||||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|
##
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|||||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|
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|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|
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|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|
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