2021-03-31-accounts - Universal Prayer Group Ministry

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Reference and Administrative Details
Report ofthe Trustees	2	to	9
Report ofthe Independent Auditor	10	to	11
Statement ofFinancial Activities		12
Balance Sheet		13
Cash Flow Statement		14
Notes to the Cash Flow Statement
Notes to the Fiaancial Statements	16	to	23
Detailed Statement ofFinancial Activities	24	to	25

				31.321	31.3.20
				Unrestricted	Total
INCOME AND ENDOWMENTS		FROM	Notes	fundf	funds
Donations and legacies				1,400,482	1,464,143
Other trading activities Other income				38379 ~19 50	372,944 28,298
Total				1,458,211	1,865,385
EXPENDITURE ON
Raising funds				569	82,295
Charitable activities
Charitable				1,267,123	1,638,773
Other					2400
Total				1,267,692	1,723,468
NET INCOME				190,519	141,917
RECONCILIATION	OFFUNDS
Total funds brought forward				5,272,246	5,130,329
TOTAL FUNDS CARRIED FORWARD				5,462,765	5,272,246

		31.3.21	31.3.20
		Unrests1cted	Total
		fund	fonda
	Notes
FIXEDASSETS
Tangible assets lnvestinents	10 ll	9,401,285 27000	9,438,266 54,000
		9,42&,285	9,492.266
CURRENT ASSETS
Debtors Prepayments and accrued income Cash at bank		83,764 12,099 435754	80,877 6,381 155753
		5349697	243,011
CREDITORS
Amounts falling due within one year	13	(248,009)	(195,641)
NET CURRENI' ASSETS		286,688	47,370
TOTAL ASSKTSLESSCURRENT LIABILITIES		9,714,973	9,539,636
CREDITORS
Amounts falling due after more than one year	14	(4,252,208)	(4,267,390)
NET ASSETS		5,462 765	5272,246
FUNDS	18
Unrestricted funds		~462,765	\272.246
TOTAL FUNDS		~462765	5272246

				31,3.21	31.3.20
			Notes
Cash flows from operating activities
Cash generated from operations				309,039	169960
Nct cash provided by operating activities				309,039	169,960
Cash flows from investing	activities
Purchase oftangible fixed assets Sale offixed asset investments				(41,577) 27,000	(47,734) 31,000
blet cash used. in investing	activities			~I457	~16,734)
Cash flows from financing	acdvlties
New loans in year Loan repayments in year Capital repayments in year				~II 81	68,606 (150,364) ~11,382
Net cash used in financing	activities			~11 81)	~93,140)
Change in cash and cash	equivalents	in the
reporting period Cash and cash equivalents	at the beginning of			283,081	60,086
the reporting period				155,753	95 667
Cash and cash equivalents	at the end	ofthe
reporting period				438834	155,753

Year Ended 31March	Year Ended 31March	2021	2021
RECONCILIATION		OFNET INCOME TONET CASH		PLOW FROM OPERATING	ACTIYITIES
					31.3.21	31.3.20
Net income for the Adjustments for:	reporting		period (as per tbe Statement	ofFinancial Activities)	190,519	141,9(7
Depreciation charges (Increase)/decrease iu debtors Increase/(decrease) in creditors					78,558 (8,605) 48467	87,803 1,373 ~61,133
Net cash provided	by	operations			~309 039	169960
ANALYSIS OF CHANGES			IN NET DEBT
				At 1.4.20	Cash flow	At31.3.21
				6
Net cash
Cash at bank				~155753	~283 081	438,834
				~155753	283,081	~438834
Debt
Finance leases Debts falling due within Debts falling due after		1 year 1 year		(68,606) (146,274) (4~l9S,7S4	11&381 ~3801	(57,225) (146,274) (4~194983
				(4~413,664	~15182	(4~98&482
				(4~&257,911	~298 263	(3~959,648

for t	he Year Ended 31March 2021
2,	DONATIONS AND LEGACIES
		31.3,21	31.3.20
	Tithes, offerings &donations Gift aid Grants	1,060303 217834 ~122845	1,176,849 287,294
		~1,400482	1,464 143
	Grants received, included in the above, are as fol!ows:
		31.3.21	31,3.20
	Other grants	~122 845
3.	OTHER TRADING ACTIVITIES
		31.3,21	31.3.20
	Conferences &.Camp meetings Fundraising Hall hire &.rentals Rent receivable	8&579 1,800 28,000	173,315 Il,605 160,024 28,000
		~38 379	372,944
4.	RAISING FUNDS
	Raisiag donations and legacies
		31.3.21	31.3.20
	Conferences &camp meetings Media, CDs &Resources	569	79,425 ~2870
		569	82,295

CHARITA	BLE ACTIVITIES COSTS
			Support
		Direct	costs (see
		Costs	note 6)	Totalsf
Charitable		745,104	522,019	~1,267 123
SUPPORT	COSTS
				information
		Management	Finance	technology
Charitable		195,237	152&948	1,793
		Human	Governance
		resourtas	costs	Totals
Charitable		~137212	~34829	522,D19

Trustees' expenses pa STAFF COSTS	id during the year was	fNil ( Year ended 31March 2020 -fN	il)
			31.3.21	31.3.20
Wages and salaries			434,328	410,537
Social security costs			40&722	42,124
Other pension costs			7,D29	~704 1
			~482 079	459,702
The average monthly	uuznber ofemployees	during the year wss as follows:
			31.3.21	31.3.20
Charitable and pastoral			7	7
Support and administration.				5
			13	12

COMPARATIVES F	ORTHE STATEMENT OF FINAN	CIAL ACTIVITIES
				Unrestricted
				fund
INCOME AND ENDOWMENTS FROM
Donations and legacies				1,464,143
Other trading activities Other income				372,944 28298
Total				1,865,385
EXPENDITURE ON
Raising funds				82,295
Charitable activities
Charitable				1,638,773
Other				~2400
Total				1,723,468
NET INCOME				141,917
RECONCILIATION	OF FUNDS
Total funds brought forvrard				5,130,329
TOTAL FUNDS CARRIED FORWARD				5372346
TANGIBLE FIXEDASSETS
		Freehold	Short	Plant and
		property	leasehold	machinery
COST
At l April 2020 Additions		9425,793	110,859	1,464,618 ~16728
At 31 March 2021		9325,793	~110859	~1,481 346
DEPRECIATION
At l April 2020 Charge foryear		345,069	4,530	1,226,179 ~51033
At31 March 2021		~345069	M30	1,277,212
NET BOOK VALUE
At 31March 2021		~8980724	106329	~204 134
At 31March 2020		~8,980724	~106329	238,439

Notes t	the Financial Statements	-continued
for the	Year Ended 31March 2	21
10.	TANGIBLE FIXEDASSETS-continued
				Fixtures
				and	Motor
				fittings	vehicles	Totals
					f.
	COST
	At 1April 2020 Additions			82,460 ~24 849	117,431	11,101,161 41,577
	At 31 March 2021			~107309	117,431	~11142,738
	DEPRECIATION
	At 1April 2020 Charge foryear			28,164 ~15829	58,953 11,696	1,662,895 78,558
	At 31 March 2021			43,993	70,649	~1741,453
	NET BOOKVALUE
	At 31March 2021			63316	46,782	~9401)285
	At 31March 2020			54296	58,478	9,438,266
11.	F'IXEDASSETINVESTMENTS
					31.3.21	31.3.20
	Other				~27 000	54,000
	There were no investment	assets outside	the UK.
	investments (neither listed	nor unlisted)	were as follows:
					31.3.21	31.3.20
	Investments and projects				~27 000	~54000
12.	DEBTORS:AMOUNTS	FALLING DUE WITHIN ONE YEAR
					31.3.21	3l..3.20
	Other debtors				28,794	15,592
	Gift aid receivable				~54970	65,285
					~83 764	80,877

13.	CREDITORS: AMOUNT	S FALLING DUE WITHIN ONE YEAR
			31.3,21	31.3.20
	Bank loans and overdrails (see note 15) Trade credimrs Taxation and social security Other creditors		146474 5,352 83,154 13,229	146,274 9,538 32,543 ~7286
			~248 009	195,641
14,	CREDITORS: AMOUNTS FALLING DUEAFI'ER MORE THAN ONE YEAR
			31.321	31.3.20
			5
	Bank loans (see note 15) Finance leases (see nate 16)		4,194,983 ~57225	4,198,784 ~68606
			~4,252 208	4,267,390
15.	LOANS
	An analysis ofthe maturity	ofloans is given below:
			31321	31.3.20
	Amounts falling due within	one year on demand:
	Bank loans		~146 274	146,274
	Amounts falling between one and two years:
	Bank loans - 1-2years		~292 548	~292 548
	Amounts falling due in more than five years;
	Repayable by instalments;
	Bank loans mare 5yr by instal		3,902,435	3,906,236
	LEASING AGREEMENTS
	Minimum lease payments under finance leases fall due as follows:
			Finance	leases
			31.3.21	31.3.20
			5
	Net obligations repayable:
	Between one and five years		578225	~68 606

					31.3.21	31.3.20
Bank loans					~441457	4345 058
The bank loans are secured by		fixed charges over the chanty's		freehold properties.
MOVEMENT IN FUNDS
					Net
					movement	At
				At 1.4.20	in funds	31,3.21
Unrestricted	funds
General fund				5,272,246	190,519	5)462,765
TOTALFUNDS				5,272,246	~190519	~5462,765
Net movement	in funds, included		in the above are as foHows:
				Incoming	Resomces	Movement
				resources	expended	in funds
Unrestricted	funds
General fund				1,458,211	(1,267,692)	190,519
TOTAL FUNDS
Comparatives	for movement	in	funds
					Net
					movement	At
				At 1.4.19	in funds	31.3.20
					6
Unrestricted	funds
General fund				5,130,329	141,917	5,272,246
TOTAL FUNDS				~5130,329	~141 917	5,272,246

			Incoming	Resources	Movement
			resources	expended	in funds
				f.
Unrestricted	funds
General fund			1,865,385	(1,723,468)	141,917
TOTALFUNDS			1,865385	~1723,468)	141,917
A current year	12months	and prior year 12months	combined position is as follows'.
				Net
				movement	At
			At 1.4.19	in funds	31.3.21
Unrestricted	funds
General fund			5,130,329	332,436	5,462,765
TOTAL FUNDS			5 130,329	332,436	~5,462 765

		Incoming	Resources	Movement
		resources	expended	iu funds
				8
Unrestricted	funds
General fund		3,323,596	(2,991,160)	332,436
TOTAL FUNDS
REI.ATED	PARTY DISCLOSURES

for the Year Ended 31	March 2021
		31.3.21	31.3.20
		f.
INCOME AND ENDOWMEIVTS
Donations and legacies
Tithes, offerings &donabons Gift aid Grants		1)060303 217/34 ~122845	l, 176,849 287,294
		1,400,482	1,464,143
Other trading activities
Conferences &Camp meetings			173.315
Fundra)sing Hall bite &rentals Rent receivable		8479 1,800 ~28 000	11,605 160,024 28000
		38@79	372,944
Other income
Sundry receipts JR Scheme Grant		19,350	17,250 11,048
		~19350	28,298
Total incoming resources		1,458311	1,865,385
EXPENDITURE
Raising denations and	legacies
Conferences &camp meetings			79,425
Media, CDs &Resources		569	2,870
		569	82,295
Charitable activities
Wages		278,722	268,557
Social security		30,291	28,997
Pensions		4,525	4,438
Rates and water		127,195	166,556
Ministry &Outreach &	Media	70,696	126,710
Ministerial services		93,108	96,368
Donations to charities		2,821	I1,308
Ministry and outreach		40,901	104,383
Music and church choir		2,620	42,260
Training & community	projects	500	4,445
Security services		1,507	26,099
Website, internet &IT		12,644	I1,640
Carried forward		665,530	891,761

for the Year Ended 3	1	March 2021
			31.3.21	31.3.20
Charitable activities			f
Brought forward Hall hire k refunds Plant and machinery Fixtures and fittings Motor vehicles			665,530 1,016 51,033 15,829 ~11696	891,761 76,367 59,610 13,574 14,619
			745,104	1,055,931
Support costs
Management
Insurance Light and heat Telephone anting aud publications Licenses and snbscriptious Repau, maintenance dt cleaning Travel ttt motor expenses			40,436 49,702 10,654 9,846 4,127 66,761 13,711	40,185 42,064 18,420 21,569 3,936 91,804 18,914
			195i237	236,892
Finance
Mortgage interest Bank th credit card charges			138,526 ~14422	160,864 22,999
			152,948	183,863
Information teclmoiogy
Equipment expensed	and rental		1.,793	3,?77
Human resources
Wages			124,946	120,467
Social security			9)762	9,983
Pensions			2,504	2,603
			137,212	133,053
Governance costs
Accouuumcy			30,660	21,513
Legal 61 professional		fees	669	3,144
Auditors' remuneration			3,500	3,500
			34,829	~28 157
Total resources expended			~167,692	1,723,468
Net income			~190519	~141917