COMPANY REGISTRATION NUMBER N1603262 PRACTICAL CHRISTIAN OUTREACH COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST MAY 2021 Charlty Number NIC 101146
PRACTICAL CHRISTIAN OUTREACH COMPANY LIMITED BY GUARANTEE FINANCIAL STATEMENTS YEAR ENDED 31 MAY 2021 CONTENTS PAGE Members of the Board and professional advisers Directors, Annual Report Independent examiner's report to the members Statement of financial activities Balance sheet Statement of cash fiows 10 Notes to the financial statement 11
PRACTICAL CHRISTIAN OUTREACH COMPANY LIMITED BY GUARANTEE Pa90 1 MEMBERS OF THE BOARD AND PROFESSIONAL ADVISERS Registered charity name Charity registration number Practical Christian Outreach NIC101146 Company number N1603262 Registered office The Brookfield Building Brookfield Industrial Estste Peggys Loaning Banbridge Co. Down BT32 3AP Dlre¢tors Mr C Mcspadden Mr S Mcspadden Secretary Mr S Mcspadden Independent examiner Jackson Andrews Chartered Accountants 6 Mandeville M8WS Portadown County Armagh 8T62 3NS
PRACTICAL CHRISTIAN OUTREACH COMPANY LIMITED BY GUARANTEE Pag• 2 DIRECTORS, ANNUAL REPORT YEAR ENDED 31 MAY 2021 The dire¢tOTS have pleasure in presenting their report and the fanCIal statem¢rtts of the charity for the year ended JI May 2021. The dftr¢ctor5 hav¢ adopted th¢ provisions of the Statement of Re¢ommended Pwtice (SORP)"Accounting and Repojting by Charities" (FRS 102) in preparing the anll r¢port and financial statements of the charity. The financial ststements hay¢ been prepared in accordance with the accounting poli¢ies sel out i notes to the fancial statements and ctsmply with the charity's goveming do¢ument, Companies Act 2006, Charities Act (Northern Ireland) 2008, The Charities (A¢¢ounts and R¢ports) Regulations (Northern Ir¢l8nd) 201 S and SOIIF (FRS 102). CHANGE OF NAME AND TRANSFER OF ACTIVITtES The charity thnges its name on 22nd September 2020 to PCtiCal Christian olltrh. REFERENCE AND ADMINISTIL4TIVE DETAILS Reference and administrative details are shown in the schedule of rncrnbe of the and professional &dvisers on page l of the financial statements. THE DIRECTORS The director5 of the charitable company are its tNstees for the purpose of charÈty law. The directors who Served the company durkng the year were as follows: Mr C Mcspadden Mr S Mcspadden PUBLIC BENEFIT STATEMENT The directors of Practical Christian Outreach (formerly Youth Outreach) confirni that they haye had due regaTd for the guidance on Publi¢ Benefit by th¢ Charity Commission for Northern Ireland and are pleased to r¢port that during the year the chartty continued to provide the Public Benefits through programmes and services we off¢r. In particular. the directots eonsid¢r how planned Ictivities will contrfftbute to the aims and objectives they have set. Public Benefits: The Benefits which flow from Practical Chtistian Outrea¢h {fornierly Youth Outreach) known as Rthythm are that young people aged 13-18 of all b&kgrounds hav¢ somewhere other than the str¢¢ts and public parks to sociatise on a Saturday night. This also benefits the local popul&tion in that it reduces underage drinking and other fornis of allti-social behaviour. These benefits will be evidenced by increasing numbers attending Rh)rthm artd a tEduction in antisocial behaviour. The direct beneficiaries are Young People aged 13-18. Oth¢r IKneficiaries are the general publlc in Banbridge and p2rti¢ularly thos¢ living in areas were the young people would otherwise ¢ongregate. All those involved in running the charity do so on a volllntary basis and re¢¢ive no iThcome, exp¢nw or other private benefits. STRUCTUILE, GOVERNANCE AND MANAGEMENT GoverDing doeumtnt Practical Christian Outreach (fornierly Youth Outreach) is a charitable company limited by guardntee and does not have any shar¢ capital. It w&$ ineoTporated on 25th May 2010 and registered as a eharity with The Charity Commission for Northern Ireland on 16 Febnwy 2015..
PRACTICAL CHRISTIAN OUTREACH COMPANY LIMITED BY GUARANTEE DIRECTORS, ANNUAL REPORT (continued) YEAR ENDED 31 MAY 2021 Pago 3 STRUCTURE, GOVERNANCE AND iANAGEMENT (continued) Th¢ company changed its name to Prdctical Christian Outreach on 22A4 Septetnber 2020. In ihe event of the company being wound up members are required to contribute an amount not exc¢eding £10. Re¢ruitmenL appoiDtm¢nL induetlon and traltting The directors regularly review the requirements of the charity and the po55ibility of a n¢ed for additional directors. Any new directors would be appointed by resolution of & meeting of all the directors passed by a majority of those present. Appropriaie training and induction is available to all dire¢iors. Risk management The directors hav¢ assessed the major risks to whi¢h the charity is exposed. in particular those related to the operdtions and finances of the Trust, and are satisfied that systems are in place to mitigat¢ an exposure to major risks. Where appropriate, systems or pro¢¢dures hav¢ been establithed to mitigate the risks the charity faces. Internal control risks are minimised by the implementation of procedures for authori5ation of all transactions and projects. PNKedur¢s are in place to ensure Compliance with health and safety of staff, volunteets, cltents and visitors. These procedures are periodically r¢vi¢wed at least arLnually to ensure that th¢y continu¢ to meet th¢ needs of the ¢harity. OrganisatioD Structures The directors oversee the running of the charttable company. OBJECTIVES AND ACTIVITIES The Charity's objects are spe¢ifically restricted to the following: l) Th¢ Charity is ¢stablished to offer practical b¢nefits to the public within Northern Ireland. a) Thts will have particulaT focus on, but not litnit¢d to> young people who have limited aspirations for their lives. b) It will seek to inspire them to ¢ngage in tivitIeS that promote heathy bodies, mtnds atyj spirits. c) It will actively engag¢ with th¢m to build their confidence in us and in themselv¢s.
PRACTICAL CHRISTIAN OUTREACH COMPANY LIMITED BY GUARANTEE DIRECTORS, ANNUAL REPORT (contlnued) YEAR ENDED 31 MAY 2021 Page4 OBJECTIVES AND ACTIVITIES (eou/iMued) 2) The Charity is established to also offer prnctical tter11s to people intem2tiona]ly. ) This will have parti¢ul8J focus on, but noi limited to, people who live in ar¢as of the world whe the basic commodities of water, food and sanitation are not avaitable. b) It will utilize the skills and capabiliti¢s of people who are or have been, embedded in the communities to direct the implementstion of sustainable solutions. ¢) These solutions will be focused on short terni deliv¢ry of significant and impacÉful PrOjts. d) These projects will aim to have ownership for the wject imbedded with the community in need a8 w¢ll as the ¢ollllnitment to the management and rnaintenance of the project oft ommissioned. e) Wherever possible the aim will be to use local labour to undertake the project. 3) Th¢ Charlty will engage with people locally to enable the delivery of the vaTiOUS projects. a) This will include people who volunt¢cr their time. b) People who will provide the fiujds or raise. ¢) People who have a heart to conne¢t with the people in n¢¢d. 4) The Objects of the company will be carried out in aordance with its doctrÈnal basis namely under the Word of God our Father. the Love of our Lord Jesus ChTiSt and the tn5piration of His Holy Spirit, as reveal¢d to man in the Holy Scriptures Volunteers The charity is tyeful for the unstinting efforts of its volunteers who ar¢ Involv ill all aspects of the charity's work. ACHIEvElENTs AND PKRFORMANCE Totsl income for the year amounted to £38.357 (2020 - £22,896)- Income deriv¢d from donations and legacies amounted to £38.357 (2020: £21.781) and other income of £nil (2020: £1,115)-Total expenditure for the year amounted to £41,)08 (2020 £41,308). The cost of charitable activities amouoted to £21.040 {2020- £41.308). The net income for the year amounted to £17.317 (2020- net exFKnditure of £18,412). Reserves policy It is the poli¢y of the charity to maintain free reseryes which mat¢he5 the needs of the tntst. both at the cuTnt time and the foreseeable ture. This provides suiflcient funds to cover njnning costs which include management, administration and support costs. Free reserves are those unrestried reserves [t designed nor invested in ftxed assets which are available for general use. Funding The principAI fidIng is from don&tions.
PRACTICAL CHRISTIAN OUTREACH COMPANY LIMITED BY GUARANTEE Page S DIRECTORS, ANNUAL REPORT (continued) YEAR ENDED 31 MAY 2021 PLANS FOR FUTURE PERIODS During the financial year, the Trustees re ple&sed to oversee th¢ successful Inch of the new Water Drops project. The aim of this project is to cr¢ate fresh drinking water for rural communities in Kenya. In a year w¢ff we all became more aware of th¢ itnportane¢ of washing our hand thoroughly with ¢l¢an water, the reality ihat many rnral cotnmuniti¢s in Kenya don't even have el¢an water to drink came sharply into focus. We were delighi¢d to complete our first project to create a sustainable 501ution for a village using local labour to undertake the project and to maintain it into the futu What is more, the project was completed on time and under budget. We identified up to 6 additional proje¢ts to undertake and launched fund rnising to enable these to be progre55ed RESPONSIBILITIES OF THE DIRECTORS The trnst¢es (who are also the directo of Prnctical Chrisiian Outreach (fornierly Youth Outr¢ach) for the purposes of ¢ompany law) are responsible for prep&ring the Directors, A Tjnual Report and the financial statements in accordance with applicable law and Unit¢d Kingdom Aeeounling Standard8 Iunited Kingdom Generally Accepted Accounting Pra¢tice) including FRS 102 'Th¢ Financial Reporting Standard applicable in the UK and Republic of Ereland" The l&w applicable to ¢twities in Northem Ireland requires the dire¢tors to prepare financial staternents for each financial y¢ar which giv¢ a true and fair view of the stat¢ of affairs of the charitkbl¢ company and of the incomillg resources and application of resoUes, including the income and expenditure. of the charitable company for that period. In prepartng these fujancial statements, the dtrectors are required to.. seleci suitable accounting p)lÈcies and then apply them consistently* obseLve th¢ rnethods and principles in the Clwrities SORP 2015 (FRS 102). RESPONSIBILITIES OF THE DIRECTORS (eontinM8d) make judgements and accounting estimates that are reasonable and prud¢nt' stat¢ whdher applieable UK Accounting Standards have been followe4 subj¢¢t to Any material departures disclosed and explained in the financial stalements. prepare the financial ststements on the going concem basis unless it is inappropriate to psume that the charithble company will continue in op¢ration. The trustees are p081b1¢ for keeping proper accounting r¢¢ords tlRt disclos¢ with reonable accuracy at any time the fancial position of the ¢hatitable company and enable them to ensure that the financial statements comply with the Companies Act 2006. Charities Act (Northern Ireland} 2008 and Th¢ Charities (Ae¢outkts and Reports) Regulations Orthern Ireland) 2015. The directors are also responsible for safeguarding the L%sets of the charitsble Company and hen¢e for taking reasonable steps for the prevention and detection of fraud and other irregularities. The th]stees are responsible for the maint¢nance and integrity of the corporate finan¢ia] infonnation included on the ¢haritable company's website. L¢gislation in the Unil¢d Kingdom governing the preparation and dissemination of finan¢ial stateEnents may diff¢r from legislation in other jurisdictions. In so far as the directors are aware: thetE is no relevant inforniation of which the ¢harit&ble company's independent &Yarniner is Ihe directors have taken all steps that they ougbt to have taken to make thenelveS aware of any relevant inforntIon and to establÈsh that th¢ ind¢petEdent eXam1r is awar¢ of that infomjation.
PRACTICAL CHRISTIAN OUTREACH COMPANY LIMITED BY GUARANTEE DIRECTORS, ANNUAL REPORT (continued) YEAR ENDED 31 MAY 2021 Page 6 INDEPElYDEr ExAmER Jackson Andrews Chartered Accountants has been re-appointed as independent examiner for the ensuing year. SMALL COMPANY EXEMFrIoNs This report has been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006. Registered office.. The Brookfield Building Brookfield Industrial EsÉatc Peggys Loaning Banbridge Co. Down BT32 3AP Signed by order of the trustees Trustee
PRACTICAL CHRISTIAN OUTREACH COMPANY LIMITED BY GUARANTEE Page 7 INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF PRACTICAL CHRISTIAN OUTREACH YEAR ENDED 31 MAY 2020 I report on the accounts of the charity for the year ended 31 May 2020 as set out on pages 8 to 18. RESPECTIVE RESPONSIBILITIES OF TRUSTEES AND INDEPENDENT EXAMINER The ChIty'S trusiees (who are also the directors of PrdCti¢al Christith Outreach {form¢Tly Youth Oulrea¢h) for the purFoses of company law) are responsfftble for the preparation of the accounts in accordan¢¢ with the requirements of th¢ Companies Act 2006. Having satisfied myself that the charity is not subject to audit und¢r Mpally law and is ¢ligible for independent examination, it is my responsibility to: examine the accounts under Section 65 of the Charities Act (Northern Ireland) 2008. follow the procedures laid down in the general Directions given by the Charity Commission for Northern Jreland under section 65(9Xb) of the Charities Act. and state whether particular matt¢ts have come to my attention. BASIS OF INDEPENDENT KXAMINER'S STATEMENT I have examined your charity accounts as r4uired under wtion 65 of the Charities Act Any my examination wa5 carried out in aCcordce with the general Dir¢[onS given by the charity Comtllission for Northern Ireland under se¢tion 65(9)(b) of the Charities Act. The examination included a review of the accounting records kept by the ¢harity and a comparison of the a¢¢ounts presented with those rerds. It also includes eonsiderdtion of arty unusual items or disc105ures in the a¢¢ounts, and seeking explanations from you as charity trust¢¢s concerning any such matters. My role is to stste whether any material matteff have come to my attention giving me cause to believe: l. That accounting records were not kept in accorda)e with section 386 of the Companies Act 2. That the accounts do not ac¢ord with those aecounttng r¢¢ords 3. That the accounts do not comply with the accounting requirements of s¢ction 396 of the Companies Act 2006 and with the methods and principles of the Ci]arities StalemeTht of Re¢ommend¢d Practice appli¢able to charities prepaFkng their accounts in accordance with the Financial RertIng Standard applicable in the UK and Republie of Ireland. 4. That there is further xnfornEation needed for a proper understanding of the a¢counts to reached. ENDKPENDENT EXAMINER'S STATEMENT I can confirni that l am qualified to ut]dertak¢ the exatninatiorÈ beeaus¢ l am a registered memkr of th¢ tnstitut¢ of Charter¢d Accountants [land which is one of th¢ lisied bodies. I have eotnpleted my examination and have no concerns in r¢spect of matters (L) to (4) listed above and, in collThe¢tion with followtng the Directions of ihe Charity Commission for Northern Irelan I have found no matters that require drawing to your attention. C M mccart FCA (Independent Ryaminer) Chart¢d A¢¢ountants Ireland For and on bebalf of Ja¢kson Andrews Chartered A¢¢ounlOJits 6 Mandeville M¢ws Portadowtk County Armagh BT62IXI LL ,IJ LL
PRACTICAL CHRISTIAN OUTREACH COMPANY LIMITED BY GUARANTEE Page 8 STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING THE INCOME AND EXPENDITURE ACCOUNT) YEAR ENDED 31 MAY 2021 Tot81 Futtd$ 2021 Total Funds 2020 Unrestrlcted Rostricted Fund$ Funds ote Incorne from: Donations and legacies Charitsble activities 9,165 29,192 38,357 21,781 1,115 Total income 9,165 29,192 38,357 22,896 Expenditure on: Charitable activities 415 (&457) (12,583) (21,1140} (41,308) (8,457) (12,583) (21,040) (41J08) Total expenditure Net incomel(expenditure) 708 16,609 17017 (18,412} Reeolleiliation of funds: Total fLTnds trought fonvard Tot#l fuDds carrfed forward 250 250 18,662 250 958 16,609 17,567 The Statement of Financial Activities includes all gains and losses in the year. All of the above amoutits late to coThtinuing activities. Thv notes on pag¢s 11 tts 18 form part of Ihese flnancfal statements.
Page 9 PRACTICAL CHRISTIAN OUTREACH COMPANY LIMITED BY GUARANTEE BALANCE SHEET 31 MAY 2021 2021 2020 Noto Current assets Cash at bank & in hand 17,567 250 Creditors: Amounts falling due Jvithin one year Net assets 17567 250 Charity funds Unrestrict¢d funds Restricted fid$ io li 250 16,609 17067 Total fullds 250 These accounts have been prepared in accordance with the provisions applicabl¢ to companies subject to the small ¢ompanie8 regitne and in aOrdanCe with Charities SORP (FRS 102)- The directors are satisfied that the company is entitled to exemption from the provisions of the Comp8ntes Act 2006 {the Act) relating to the audit of the fa[l¢la1 statsmerkts for the year by vi¢ of s¢ction 477(2) relating to small ¢ompatLie4 and that no member or members have requested an audit pursuant to section 476(1) of the Act. The directors acknowledge their responsibilities for.. (i) ensuring that the Company keeps Adequate accounting records which comply with section 386 of the Ac¢ and (li) preparing financial statements which give a true *nd fair view of the stste of affairs of the company as at the end of th¢ financial year aThd of its surplus or deficit for the financial year in accordance with th¢ requirements of sectioll 393. and which otherwise comply wilh the requirements of the Act relating to financial statements. so far as applicabl¢ to the ¢ompany. These f8claI statem¢nts We approved by the members of the committee on the A/: a: ? and are si edon behalf by.. Spadd¢n Company Registration Number.. N1053755
PRACTICAL CHRISTIAN OUTREACH COMPANY LIMITED BY GUARANTEE Page 10 STATEMENT OF CASH FLOWS 31 MAY 2021 2021 2020 Cosh tlow from operating activities Net cash Ilow from operatlDg a¢tivities Cash flow from iDvestlng activities Payrnents to acquire tsngible fixed assets Net ea5h tlow from investiTrg activities 13 17J17 (18.412) (18,412) 17J17 Net IerSe/{deCre8$e) in cash and ¢Asb equivalents 17J17 {18.412) C$h nd cash equivalents at l June 2019 250 18,662 C45h aDd cash equivalents sl 31 May 2020 17,567 250 Cash and esh equivaleftts cousisl of - Cash at bank and in hand 17,567 250 Cash cash equivalents At 31 My 2020 17A67 250
PRACTICAL CHRISTIAN OUTREACH COMPANY LIMITED BY GUARANTEE Page 11 NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 MAY 2021 ACCOUNTING POLICIES General informa15on and basis of gttountillg Youth Outreach is a charitable company limited by guarantee and does not have any share capitsl. It registered as a charity with The Charity Commission for Northern Ir¢land on 161h February 2015 and it is incorporated in Northern Ireland. The address of the registered office is given in the charity tnfomation on page l of these finan¢ial statements. The charitable conwany ¢onstitutes a public benefit ¢ntity as defined by FRS 102. Statement of ¢ompli8nee The ftnancial st&t¢ments have been Prepa1 in coinpliance with Accounting and Reporting by Charities: Statement of Re¢ornmended Practice applAcabl¢ to charities preparing their accounts tn accordanee with the Ftnanci21 Reporting Standard applicable in the United Kingdom and Republic of Ereland (FRS 102), the Charities Act (Northern Ireland} 2008, The Charitie5 (Accounts and Reports) Regulations (Northern Ireland) 2015 and the Companies Aet 2006 and UK Generally AcCed Practice 05 it applies from l January 2015. The fllfdncial statements are prepaTed on a going concern basis under the historicat eost Conventio modifi¢d to include certain items at fair value. The financial stst¢ments are prepared in sterling which is the fijnetional currency olthe charity and rounded to ihe nearest £1. The signifieant accountÉng policies are set ilut below. The dir¢¢tors c4)nstder that these accounting policies are 5uitsble, have b¢¢n consistetttly applied and are suptx)rt¢d by rvdsonable and prudent judgement and e5tiv[teS. Fund 4¢¢0UDtjDg- unr¢strieted funds The company's unrestricted fullds con5lSt of a Generdl Fund which is ¢xndable at th¢ discretion of the dir¢ctors in furtherance of the charitable objects of the company. The directors may at their discretion designite funds for specific purposes but the designation does not l¢g8lly r¢strict the directors. discretion to apply the funds. Income reeognition All income is in¢luded in the Statement of Financial Activiti¢s (SOFA) when the charity is legally entitled to the in¢ome after any rErforniance conditions hav¢ b¢¢n meL the amount can be measured reliably and it Is probable that the income will b¢ received. For donations to be r¢ColSed the charity will have been notified of the arnounts at¥J the Settlement date in writing. If ther¢ are conditÉoJis attached to the donation and this requires a level of perfoTmattce b¢fore entitlemeJ)t ¢an be obtained then incom¢ is deferred until those ¢onditions are llY met or the fjjlfilment of those conditions is within the control of the charity and it is probable tb&t they will be fiJ]filled. Donated fa¢ililies and donated professional serYic¢s are recogni5ed in income &t their fair value when their econotnic benefit is probabl< it can be me&8Uttd reliably and the charity has control over the item. Fair value is detemiined on the b&8is of the value of the gift to the charity. For example the amount the charity would be willing to pay tn the op¢n Enarket for such facilities and services. A corresp)nding amount is T¢¢ogni5ed in expenditure.
PRACTICAL CHRISTIAN OUTREACH COMPANY LIMITED BY GUARANTEE Pag• 12 NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 MAY 2021 ACCOUNTING POLICIES (eonthu Income recognition (conliftued) No amount is included in the financial statements for volunte¢r time in lin¢ with the SORP (FRS 102)- Further detail is given in the Directors. Annual Report. Where Pfdctic&bl¢> gifts in kind donated for distribution trj ihe beneficiaries of the charity are included in stock and dOatIonS in the fiaancial ststements upon receipt. If it 15 imprdcticable to assess the fair value at receipt or if the costs to undertake su¢h a valuation outw¢igh any benefits, then the fatr value is recognised as a component of donations it is distributed and on equivalent amount r¢¢ogni5ed &8 charitsble expenditure. Voluntary incom¢ received by w&y of donations and gift is credited to revenue on a r¢ceivable b&sis. Fixed asset gifts in kind are recogni5ed when receivable and are included at fair valu& They are not deferr¢d over the life of ihe asset. For l¢gacies, entitlement is the earlier of ihe charity being notified of an rTrpending disiribution or the legacy being receiva. At ihis point income is r¢¢ognised. On occasion legac&es will b¢ notified to the charity however it is not possible to measure the amount expected to be distributed. On these oecasions, the legacy is treated as a contingent ass¢t and disclosed. Investment InMe is interest earned througk holding cash at bank. Inierest income is recogntsed when receivable. Expenditure recognition All expenditure is accounied for on an accruals basis and has been classified under headings thal aggr¢gate all costs related to the eat¢gory. Expenditure is re¢ognised where there is a l¢gal or on5tructive obligation to make payments to third parties, it is probable that the settlement will be requiied ftnd the amount of the obligation con Lr me&8llr¢d reliably. Where costs cannot be directly attributed to a parti¢ular heading th¢y have been allocated lo 4¢livities on a basis Consistent with th¢ use of the resources. Staff costs and overh¢ad expenses are allocated to activities on the basis of stsff lime spent on those a¢tivitie5. Irr¢Verable VAT is charged Is an expense winst the activity for which expenditure arose. Fund-rdistng Costs are those in¢urred in seeking voluntary contributions and do not include th¢ ¢osts of disseminating inforniation in support of the charttable activities. Value Added Tgx The ¢harity is not ffgist¢red for VAT purposes. th¢r¢fore expendibjre is shown gross of VAT. Fixed Sets Tangible fixed assets are Stated at cos( or vatuation less auMuIated depciation.
PRACTICAL CHRISTIAN OUTREACH COMPANY LIMITED BY GUARANTEE Page 13 NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 MAY 2021 ACCOUNTING POLICIES (eofvrfn¥edJ Taxation As a charity, the company benefits from various exemptions atTorded by tax legislation. It is therefore not liable to corwration t&x on income or gains falling due within those exemptions. R¢¢overy is made of tax deducted from receipts under gift aid. Going eoneeTn The financÈal statem¢nts have be¢n prepared on a going concem b&sis. Th¢ Directors consider th¢ basis to be appropriate assuming that the charity has adequat¢ financial support from the bankers and related parties. Dongtions and leg8ti¢s Unrestricted Rrestricted Total Funds Totsl Funds Funds Funds 2021 2020 Donations Donations from reled parties Other donations Grants 4,500 4,665 18,476 716 10,000 22,976 SJ81 10,000 19281 2.500 9,165 29,192 38J57 21,781
PRACTICAL CHRISTIAN OUTREACH COMPANY LIMITED BY GUARANTEE Page 14 NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 MAY 2021 Income from Charitable a¢tivities Ubrestrieted RestTiCted Tot41 FuDds Tots] Funds Funds Fllftds 2021 2020 Grant income: Education Authority 1,1I5 ADAlysis of eipenditure on eb#ritable *ctivitie5 Activities uDd¢rtaken directly Support Total Fund$ Total Funds costs 2021 2020 Water Drops Project ¢xpenses Trayel expenses OtTice expenses Foreign currency losses Wages and salaries Sundry Bank Charges Youih Outreoch.. Food Event costs Fuad raising expenses Wages and salartes Consultancy exp¢nse5 Support ¢osts (note 6) Charilable donations 10,$23 1.161 413 10,523 1,161 1.151 486 7J69 294 738 7J69 294 1.769 1,678 9,381 420 61 28.000 12W3 8,457 21,040 41 J09
PRACTICAL CHRISTIAN OUTREACH COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 MAY 2021 Pag• 15 Allocatlon of support costs Basis of allocation Water Drops Totsl 2021 Total 2020 Governance (not¢ 6) Wages and salaries Sundry Bank charges Office rnnning costs Cost Cost Cost Cost Cost 7J69 294 56 738 7?69 294 738 61 &457 8,457 61 Governance eosts Unrestricted Restricted Totsl Funds Totsi Funds FuDds Fujtds 2021 2020 JTrdependent examiner's fees Legal and professional fees Dire¢tors and key management personnel remuneration gDd expenses Th¢ key management personn¢l e consid¢red to be th¢ trustees. The tnTStees neiih¢r received nor waived any remunerdtion during the year (2020 - £Nil). Th¢ trustees dtd not have any expenses reimbursed during the year (2020- £Nil)
PRACTICAL CHRISTIAN OUTREACH COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 MAY 2021 Page ie & Staff costs and employee benefits Total staff costs were as follows: 2021 2020 Wages and salaries Social security costs Pension costs 7J69 8,542 645 194 7,369 Allocated to.. 2021 2020 Youth Outr¢arh 9J81 9J81 9.381 9,381 Parti£ulgrs of employees: The &v¢rage monthly number of employees including the directors during the year. ¢alculaled on the ba%is of full-time equiyalents, wa$ as follows.. 2021 2020 No Management staff Project manager Administration No ¢mployee received remuneration of more than £60.000 Iluring the yw (2020- Nil). Creditors: Amounts falling due TVithiD one year 2021 2020 ACcnlS Deferred income
Page 17 PRACTICAL CHRISTIAN OUTREACH COMPANY LIMITED BY GUARANTEE NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 MAY 2021 10. Unrestrieted funds Balance at l June 2020 Balance At Expendlture JI M9y 2021 lllcome Generdl funds 250 9.165 (8,457) 958 Balance at l June2019 Balance at 31 May 2020 Income Expenditure General funds 18,662 22,896 (41.J08) 250 I l. Restricted funds Balance at l June 2020 BolJnc¢ at ExpendÉture 31 May 2021 Intome Restricted funds 29.192 (12383) 16,609 Balanc¢ at l June2019 Balance at 31 May 2020 Income ExpendÉtur¢ Restricted funds 12. Analysis of net assets beÉweeo funds As 4t31 May 2021 Tangible Net current rlled assets assets Total Unrestricted funds R¢stricted funds 958 Totsl Funds 17567 17567 As at 31 May 2020 Tangible Net current fixed assets Totsl Unrestricted fimds Restricted funds 250 250 Total Funds 250 250
PRACTICAL CHRISTIAN OUTREACH COMPANY LIMITED BY GUARANTEE Page 18 NOTES TO THE FINANCIAL STATEMENTS (continued) YEAR ENDED 31 MAY 2021 13. ReeoD¢iliation of net IDcome ¢0 net casb IIDW from operating activities 2021 2020 Net income/(expenditure) for year 17J17 (18,412) Depr¢ciation of tangible red assets Increase/(decre&%e) in creditors Net cash flow from opernting activitie5 17J17 {18,412) 14. Related party transaetlons CMS Global Ltmit¢d and GWA Supplies Limited, Fxith companies limited by guarnntee &re deemed to be related as th¢y have the same director gs one of the directors of Pt7ctical Christian Outreach. During the y¢ar, the charity received donations of £nil (2020: £10.671) from CMS Global Limited and £17,800 (2020: £8,610) from GWA Supplies Limit¢d. In addition, the Trustees have ¢ontributed a total of £5,176 (2020.. £nil) to the ch8rity. 15. Company l&ffjit¢d by g#r&tee The company is limited by guarantee and has no share eapitai. On a winding up members may k Tequired to Contribute a maximum of £10.