2022-03-31-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		15
Notes to the Financial Statemeats	16	to	23
Detailed Statement ofFinancial Activities	24	to	25

forthe Y r nded 3	1March 2022
			31.3.22	31.3.21
			Unrestricted	Total
			fund	funds
		Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies			1484426	1,400,482
Other trading activities			171,640	38,379
Other income			24,040	19,350
Total			1,580,506	1,458,211
EXPENDITURE ON
Rinsing funds			3486	569
Charitable activities
Charitable			1481473	1467,123
Other			21450
Total			1,406309	1,267,692
NET INCOME			174,197	190,519
RECONCILIATION	OF FUNDS
Total funds brought	forward		5,462,765	5,272,246
TOTAL FUNDS CARRIED FORWARD			5,636,962	5,462,765

	Notes
FIXEDASSETS
Tangible assets	10
Investments	ll
CURRENT ASSETS
Debtors	12
Prepayments and accrued income
Cash at bank
CREDITORS
Amounts falling due within one year	13
NET' CURRENT ASSETS
TOTAL ASSETSLESSCURRENT LIABILITIES
CREDITORS
Amounts falling due after more than one year	14
NET ASSETS
FUNDS	18
Unrestricted funds
TOTAL FUNDS

3L3.22	31.3.21
Unrestricted	Total
fund	funds
	f
9499465	9,401,285
30,000	27,000
9,429,265	9,428,285
88,421	83,764
24,104	12,099
482.,708	438,834
595,233	534,697
(308,908)	(248,009)
286425	286,688
9,715490	9,714,973
(4,078,628)	(4,252,208 )
5,636 tt62	5,462,765
5,636,962	5,462,765
5,636,962	5,462,765

for the Year Ended 31M		arch 2022
				31.3.22	31.3.21
			Notes
Cash flows from operating		activities
Cash gcncrattxt from operations				401,079	309,039
Net cash provided by operating activities				401,079	309,039
Cash flows from investing		activities
purchase ofnmgibie fixed assets				(76,033)	(41,577)
Purchase offixed asset investments				(3,000)
Sale offixed asset investments					27,000
Net cash used in investing	activities			(79,033)	(14,577)
Cash flows from financing		activities
Capital repayments in year				(278,172)	(11,381)
Net cash used in financing		activities		(278,172)	(11,381)
Change in cash and cash		equivalents	in the
reporting period					283,081
Cash and sash equivalents		at the beginning ofthe
reporting period				438W4	155,753
Cash and cash equsvalents		at the end	ofthe
reporting period				482,708	438,834

RECONCILIATION	RECONCILIATION	RECONCILIATION	OFNET INCOME TO NET CASH FLOW FROM OPERATING	OFNET INCOME TO NET CASH FLOW FROM OPERATING	OFNET INCOME TO NET CASH FLOW FROM OPERATING	OFNET INCOME TO NET CASH FLOW FROM OPERATING	ACTIVITIES
							31.322	31.3.21
								6
Net income for the		reporting			period (asper the Statement ofFinancial Activities)		174,197	190,519
Adjustments	for:
Depreciation	charges						78,053	78,558
Decrease/(increase)		in	debtors				952)63	(8,605)
Increase in creditors							52,966	48,567
Net cash provided		by	operations				401,079	309,039
ANALYSIS	OF CHANCES				IN NET DEBT
						At 1.4.21	Cash flow	At 3L3.22
Net cash
Cash at bank						438,834	43,S'74	482,708
						438,834	43,874	482,70S
Debt
Hire purchase	and fluance leases					(57425)	11482	(45,843)
Debts falhng	due within			1year		(146474)		(146474)
Debts falling	due after		1	year		(4,194,983)	162,198	(4,032,785)
						(4498,482)	173,580	(4424.902)
Total						(3459,648)	217,454	(3,742,194)

ear Ended 31	M rch 2022	M rch 2022	M rch 2022
DONATIONS	AND LEGACIES
				312.22	31.3.21
Tithes, otferings	&	donations		1,120,968	1,060,303
Gift aid				2099091}	217,334
Grants				54,768	122,845
				1484,826	1,400,482
Grants received,	included		in the above, are as follows:
				313.22	31.3.21
Other grants				54,768	122,845
OTHER TRADING ACTIVITIES
				31.322	31.3.21
Conferences &	Camp meetings			40425
Fundrais ing				20,158	8,579
Hall hire &rentals				83,157	1,800
Rent receivable				28,000	28,000
				171,640	38,379
RAISING FUNDS
Raising donations		and legacies
				31.322	31.3.21
Conferences &	camp meetings			3,059
Media, CDs &	Resources			527	569
				3,586	569

CHARITA	BLE ACTIVITIES COSTS
			Support
		Direct	costs (see
		Costs	note 6)	Totals
Charitable		780,529	6003144	1481473
SUPPORT	COSTS
				Information
		Management	Finance	technology
Charitable		265,981	153,949 Governance	1491
		Human
		resources	costs	Totals
		f,
Charitable		140221	39302	600,844

STAFF COSTS
			31.322	31.3.21
Wages and salaries			436,524	434,328
Social security costs			46488	40,722
Other pension costs			7,761	7,029
			491,1'73	482,079
The average monthly	number ofemployees	during the year was as follows:
			312.22	31.3.21
Charitable and pastoral				7
Support and administration				6
				13

Notes to	the Financial Statements	the Financial Statements	—continued
forthe Year Knded31 Marsh		2022
9.	COMPARATIVES FOR		THE STATEMENT OFFINANCIAL ACTIVITIES
					Unrcsuicted
					fund
	INCOME AND ENDOWMENTS FROM
	Donations and legacies				1,40D,482
	Other trading activities				38,379
	Other income				19,350
	Total				1,458,211
	EKPENDITURK ON
	Raising funds				569
	Charitable activities
	Charitable				1,267,123
	Total				1,267,692
	NKT INCOME				190,519
	RECONCILIATION	OF	FUNDS
	Total funds brought forward				5,272,246
	TOTAL FUNDS CARRIED FORWARD				5,462,765
10.	TANGIBLE FIXEDASSETS
			Freehold	Short	Plant and
			property	leasehold	machinery
			f,	6
	COST
	At 1 April 2021		9325,793	110,859	1,481446
	Additions				63421
	At 31 March 2022		9425,793	I102159	1&544)667
	DEPRECIATION
	At 1 April 2021		345,069	4,530	1,277&212
	Charge for year				53,491
	At 31 Mamh 2022		345,069	4&0	1&330&7D3
	NET BOOK VALUE
	At 31 March 2022		8,980,724	106829	213,964
	At 31hlarch 2021		8,980,724	106,329	204,134

			Fixtures
			and	Motor
			tittings	vehicles	Totals
COST
At 1 April 2021			107409	117,431	11,142,738
Additions			12,712		76,033
At 31March 2022			120,021	117,431	11418,771
DEPRECIATION
At 1 April 2021			43,993	70,649	1,741J53
Charge for year			15406	9456	78,053
At 31 March 2022			59,199	80,005	1,819,506
NET BOOKVALUE
At 31March 2022			60,822	37,426	9499465
At 31March 2021			63,316	46,782	9,401,285
FIXEDASSETINVESTMENTS
				312.22f	31.3.21
Other				30,000	27,000
There were no investment	assets outside	the UK.
investments (neither listed	nor unlisted)	were as follows:
				319.22	31.3,2 1
investments and projects				30,000	27,000
DEBTORS:AMOUNTS	FALLING DUE WITHIN ONE YEAR
				313.22	31.3.21
				f	f
Other debtors				14,444	28,794
Gift aid receivable				73,977	54,970
				SS,421	83,764

13.	CREDITORS: AMOUN	TS FALLING DUE WITHIN	ONE YEAR
					31.3.22	31.3.21
						f.
	Bank loans and overdrails	(see note 15)			146,274	146,274
	Trade creditors				6329	5,352
	Taxation and social security				14S,472	83,154
	Other creditors				7,933	13,229
					308,908	248,009
14,	CREDITORS'i AMOUNTS FALLING DUE AFTER		MORE THAN ONE YEAR
					319.22	31.3.21
	Bank loans (see note 15)				4,032,785	4,194,983
	Ihre purchase and finance	leases (see note 16)			45dt43	57,225
					4,078,628	4,252,208
15.	LOANS
	An analysis ofthe maturity	ofloans is given below:
					31.322	31.3.21
	Amounts falling due within one year on demand:
	Bank loans				146474	146,274
	Amounts falling between one and two years:
	Bank loans - 1-2years				292848	292,548
	Amounts falling due in more than five years:
	Repayable by instalments:
	Bank loans more 5yr by instal				3,740~7	3,902,435
16.	LEASING AGREEMENTS
	Minimum lease payments	fall due as follows:
			Hire purchase contracts		Finance	leases
			319.22 8	31.3.21 I	31.3,22 8	31.3.21
	Net obligations repayable:
	Between one and five years		(11,382)		57+25	57,225

						31222	31.3.21
							f
Bank loans						4,179,059	4,341,257
The bank loans are secured by		ftxed charges over the charity's		freehold properties.
MOVEMENT IN FUNDS
						Net
						movement	At
					At 1.4.21	in funds	31.3.22
						f
Unrestricted	funds
General fund					5,462,765	174)197	5)636,962
TOTAL FUNDS					5,462,765	174,197	5,636462
Net movement	in funds, included		in the above are as follows:
					Incoming	Resources	Movement
					resources	expended f	in funds f,
Unrestricted	funds
General fund					1480406	(1,406309)	174,197
TOTAL FUNDS					1,580,506	(1,406409)	174,197
Comparatives	for 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
TOTAL FUNDS					5,272,246	190,519	5,462,765

					Incoming	Resources	Movement
					resources	expended	in funds
					f,
Unrestricted	funds
General fund					1,458,211	(1,267,692 )	190,519
TOTAL FUNDS					1,458,211	(1,267,692 )	190,519
A current year	12months	and prior year 12months	combined position	isas	follows:
						Net
						movement	At
					At 1.4.20	in funds	31.3.22
Unrtntrtcted	funds
General fund					5,272,246	364,716	5,636,962
TOTAL FUNDS					5,272,246	364,716	5,636,962
A current year	12months	and prior year 12months	combined net movement		in funds, included	in the above are as	follows:
					Incoming	Resources	Movement
					resources	expended	in funds
						f,	8
Unrestricted	funds
General fund					3,038,717	(2,674,001)	364,716
TOTAL FUNDS					3,038,717	(2,674,001 )	364,716

Detailed Statement ofFinancial Activiti	Detailed Statement ofFinancial Activiti	Detailed Statement ofFinancial Activiti
for the Y rEnded 31		March 2022
			31.3.22	31.3.21
			5
INCOME AND ENDOWMENTS
Donations and legacies
Tithes, offerings &donations			1,120,968	1,060,303
Gift aid			209,090	217,334
Grants			54,76S	122,845
			1484)826	1,400,482
Other trading nativities
Conferences &Camp	meetings		40425
Fundraising			20,158	8,579
Hali hire &rentals			S3,157	1,800
Rent receivable			28,000	28,000
			171,640	38,379
Other income
Sundry receipts			24,040	19,350
Total incoming resources			1480406	1,458,211
EXPENDITURE
Raising donations and		legacies
Conferences &.camp	meetings		3,059
Media, CDs&Resources			527	569
			3,586	569
Charitable nativities
Wages			279,621	278,722
Social security			30374	30,29 I
Pensions			5,155	4,525
Rates and water			129)167	127,195
Ministry &.Outreach	&.	Media	53,427	70,696
Ministerial services			93,108	93,108
Donations to charities			17,080	2,821
iviinist)y and outreach			41,062	40,901
Music and church choir			11+59	2,620
Trmning &community		projects		500
Security services			3727	1,507
Website, internet &IT			10/96	12,644
Hall hire &refunds			28,100	1,016
Plant and machinery			53,49I	51,033
Fixtures and fittings			15406	15,829
Carried forward			771,173	733,408

forthe Year En	ded	1	M h 2
				31.3 22	31.3,21
					f,
Charitable activities
Brought forward				771,173	733,408
Motor vehicles				9356	11,696
				780429	745,104
Other
Advetts and publicity				21450
Support costs
Management
Insurance				43,893	40,436
Light and heat				17,128	49,702
Telephone				9,488	10,654
Printing and publications				17489	9,846
Licences and subscripticns				4,963	4,127
Repair, maintenance		tk	cleaning	154,953	66,761
Travel dt motor expenses				17.667	13,711.
				265,981	195,237
Finance
Mortgage interest				139484	138,526
Bank tk credit	card charges			14465	14,422
				153,949	152,948
Inforrnatioa	technology
Equipment expensed		and rental		1491	1,793
Human resources
Wages				127,593	124,946
Social security				10,022	9,762
Pensions				2)606	2,504
				140421	137,212
Governance	costs
Bookkeeping	and accounting			29410	30,660
Legal dr professional			fees	6,492	669
Auditors' remuneration				3,500	3,500
				39402	34,829
Total resources	expended			1,406409	1,267,692
Net income				174,197	190,519