2021-12-31-accounts - New Covenant Church

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			Unrestricted	Restricted	2021
			funds	funds	Total
		Notes
INCOMING RESOURCES
~VI
Donations, tithes and offerings			353,785		353,785
Activities or Generatin Funds
Special fund raising - building project		3	158,730		158,730
Other incomin resources
Gift aid receivable			61,634		61,634
Sundry income			6,057		6,057
Interest receivable			148		148
Total incoming resources			580,354		580,354
RESOURCES EXPENDED
(Costs ofactivities infurtherance	of the
objects ofthe charity)
Direct Charitable activities			204,584		204,584
Management and Support activities			161,220		161,220
Governance costs			20,240		20,240
Finance costs			27,457		27,457
Total resources expended			413,501		413,501
Movement in funds for the period			166,854		166,854
Total funds brought forward			416,720		416,720
Total Funds as at 31December	2021		583,574		583,574

INCOME
Donations, tithes and offerings:
	- Unrestricted		353,785
Other income
Interest receivable		148
Gift aid		61,634
Mission/branch contributions		158,730
Sundry income		6,057
			226,569
			580,354
EXPENDITURE
Direct Charitable	Costs:
Wages		105,938
Rates		2,636
Honorarium		13,246
Travel and subsistence		2,475
Evangelism		483
Welfare support		14,577
Training		13,975
Pensions
Outreach work		9,940
Conferences and Meetings		25,731
Missions		12,091
TV, Airtime 4,publicity		2,713
Gift and Donations		777
		204,584
Management &Support
Wages		45,402
Rent and rates		827
Insurance		8,083
Light and Heat		11,079
Telephone		4,264
Postage and stationery		3,872
Repairs and renewals		22,300
		95,827
Balances carried forward		300,411	580,354


Balances brought forward			300,411	580,354
Management	&Support	-cont'd
Office and general admin			6,309
Computer and equipment		expenses	4,443
Security Expenses			1,047
Subscriptions			9,401
Hospitality and office expenses			960
Depreciation	-Freehold Property		9,758
Depreciation	-Plant and	Machinery	4,074
Depreciation	-Fixture &Furnitures		4,997
Depreciation	-Computer	Equipment	23,550
			65,393
Governance	costs:
Legal 8z Professional			15,740
Accountancy	fees		4,500
			20,240
Finance Costs:
Bank charges			1,394
Mortgage interests			26,063
			27,457
				413,501
Surplus for	the period			166,854

Land and	buildings	2%	cost/valuation	cost/valuation
Plant and	machinery	25%	reducing	balance
Fixtures	and fittings	25%	reducing	balance
Computer	and other equipment	25%	reducing	balance

Governance costs The governance costs ofthe charity consisted ofthe following costs:
	2021
Accountancy fees	4,500
Auditor's remuneration
Legal and professional	15,740
	20,240
Finance costs
	2021
Bank charges	1,394
Mortgage interest	26,063
	27,457
Net incoming resources
The net incoming resources are stated after charging the following costs:
	2021
Depreciation	42,379
Auditors' remuneration

	Land th	Plant th	Fixtures 4	Motor	~Com uter
	~buildin s	machinerX	~fittin	vehicles	equi ament
Cost				d
Balances b/f	487,881	105,760	71,600	19,585	200,995
Additions					4,587
Elimination/Disposal				(19,585)
Balances c/f	487,881	105,760	71,600		205,582
Accumulated
de reciation
Balance b/f	64,751	89,462	51,612	17,488	111,381
Elimination/Disposal				(17,488)
Charge for the year	9,758	4,074	4,997		23,550
Balances c/f	74,509	93,537	56,609		134,931
Net book value
At 31/12/2021	413,372	12,223	14,991		70,651

		2021
		Total
	Cost
	Balances b/f	885,821
	Additions	4,587
	Elimination/Disposal	(19,585)
	Balances c/f	870,823
	Accumulated
	de reciation
	Balance b/f	334,694
	Elimination/Disposal	(17,488)
	Charge for the year	42,379
	Balances c/f	359,586
	Net book value	511,237
9.	Stock	2021
	Stockofconsumables	2,966
10.	Debtors	2021
	Prepayments and accrued income
	Other debtors	26,000
		26,000
11.	Creditors due within 1year	2021
	Loans and overdraft	11,400
	Other creditors	2,284
	Accruals	4,500
		18,184
	Creditors due after 1year	2021
12.	Loansandoverdraft	204,009