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2023-03-31-accounts

Page
Reference and administrative
details
Report ofthe trustees 2 to 4
Independent
examiner's
report
Statement offinancial activities
Balance sheet
Notes to the financial statements 8 to 16
Detailed statement offinancia activities 17 to 18

2023 2022
Unrestricted Restricted Total Total
funds funds funds funds
Notes E f,
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 755 55,985 56,740 49,062
SaleofBibles &Christian Literature 344
Investment
income		 8,096 8,096 475
Other income 46,587 46/87 53,404
Total 55,43$ 55,985 111,423 103,285
EXPENDITURE ON
Raising funds trading activities
Other trading activities 19,876
19,876
Charitable
activities
Support costs 41,871 41,871 158,742
Distributions
to members		 89/63 89,263 64,873
Other 29,106
Total 41,871 89,263 131,134 272,597
NET INCOME/(EXPENDITURE) 13,567 (33/78) (19,711) (169,312)
RECONCILIATION OF FUNDS
Total funds brought forward 3,958@85 179,427 4,137,812 4,307,124
TOTAL FUNDS CARRIED FORWARD 3@71,952 146,149 4,118,101 4,137,812
2023 %22
Unrcstriet@i Restricted Total Total
funds funds funds flluds
5'otcs
F)XEDASSETS
Tangible asses 9 4870,934 2„870834 3,102,6'4l
CURRENT ASSETS
Debtors
Chsh at bank		 10 601,78$ 563,214 146,149 601788
709@63		 410,at23
716,928
1,165,002 146,149 1,311,151 1,J27.751
CRKDITORS
Amcttnts
falling due within one year		 {47/28) (47,9283 (64,6%3
5KT.CSRREM' ASSETS 1,117,074 146,149 1,263~~23 l,OC)'3, 1[1
TOTAL ASSETSLPBSCURRENT
j'1ABKITIKS		 3;98$,Q08, l.46,l49 4,134,157 4,1.65.752
CREDITORS
Amounts
falling duc after n&ore than one you		 (16,056.) ('16,056) (27,940)
NST ASSKTS
Unrestricted		 3,971,952 146,149 4,118,101 4;1.37,812
AN'OS
funds:
6'enetal
fund
Revaluation
fund		 ),175.980
1.795,972		 & 12J,753
1,836,'632
3.971,952 3.958,3M
Restricted funds 146,149 179427
TOTAL FUNDS 4,)37,8J2

3. INVESTM ENT INCOME
2023 2022
Deposit account interest 2,884 475
Interest due on loan 5,212
8,096 475
4. OTHER INCOME
2023 2022
Profit/(loss) on disposal offixed assets (5/76) (11,319)
Rental income 51,963 60,478
HMRC Job Retention Scheme 4,245
46,587 53,404

2023 2022
Full time and part time 1
No employees received emoluments in excess off60,000.

NOT NOT ES TO THE FEVANCIAL STATEMENTS -continued
for the year ended 31March 2023		 ES TO THE FEVANCIAL STATEMENTS -continued
for the year ended 31March 2023
COMPARATIVES FOR THE STATEMENT OFFINANCIAL ACTIVITIES
Unrestricted Restricted Total
funds funds funds
f
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 70 48,992 49,062
SaleofBibles &Christian Literature 344 344
Investment
income		 475 475
Other income 53,404 53,404
Total 54293 48,992 103,285
EXPENDITURE ON
Raising funds trading activities
Other trading activities 19,876 19,876
19,876 19,876
Charitable
activities
Support costs 158,742 158,742
Distributions
to members		 64,873 64,873
Other 29,106 29,106
Total 207,724 64,873 272,597
NET INCOME/(EXPENDITURE) (153,431) (15,881) (169,312)
RECONCILIATION OF FUNDS
Total funds brought
forward		 4,111,816 195,308 4,307,124
TOTAL FUNDS CARRIED FORWARD 3,958,385 179,427 4,137,812

TANGIBLE FIXEDASSETS
Improvements
Freehold Long to
property leasehold property Totals
f.
COSTORVALUATION
At I April 2022 3,023,000 101,554 6,960 3,131,514
Disposals (225,000) (225,000)
At 31March 2023 2,798,000 101,554 6,960 2,906,514
DEPRECIATION
At 1April 2022 25,966 2,907 28,873
Charge for year 5,078 1,629 6,707
At 31March 2023 31,044 4/36 35,S80
NET BOOKVALUE
At 31March 2023 2,798,000 70,510 2&424 2,870,934
At 3l March 2022 3,023,000 75,588 4,053 3,102,641

2023 2022
f
Amounts falling due within one year.
Other debtors and prepayments 101,215 205,000
VAT 573 5,823
101,788 210,823
Amounts falling due after more than one year.
Other debtors S00,000 200,000
Aggregate amounts 601,788 410,823

ll. CREDITORS: AMOUNTS FALLING DUE WI THIN ONE YEAR
2023 2022
f
Bank loans and overdrafts (see note 13) 9,950 9,707
Trade creditors 24@82 22,407
Sundry creditors and accruals 13,596 32,526
47@28
12. CREDITORS: AMOUNTS FALLING DUEAFTERMORE THAN ONE YEAR
2023 2022
Bank loans (see note 13) 16,056 27,940
13. LOANS
An analysis ofthe maturity ofloans isgiven below:
2023 2022
Amounts
falling due within one year on demand:
Bank loans 9,950 9,707
Amounts
falling between one and two years:
Bank loans - 1-2years 10,198 9,950
Amounts
falling due between two and five years:
Bank loans - 2-5years 5,858 17,990
14. MOVEMENT IN FUNDS
Net Transfers
movement between At
At 1.4.22 in funds funds 31.3.23
f f f
Unrestricted
funds
General fund 2,121,754 13,567 40,659 2,175,980
Revaluation
fund		 1,836,631 (40,659) 1,795,972
3,958/85 13,567 3,971,952
Restricted funds
Mission Fund 179,427 (33478) 146,149
TOTAL FUNDS 4,137,812 (19,711) 4,118,101

Inconung Resources Movement
resources expended in funds
f.
Unrestricted
funds
General fund 55,438 (41,871) 13~7
Restricted funds
Mission Fund 55,985 (89,263) (33,278)
TOTAL FUNDS 111,423 (131,134) (19,711)
Comparatives
for movement		 in funds
Net Transfers
movement bebveen At
At 1.4.21 in funds funds 31.3.22
Unrestricted
funds
General fund 2,196,404 (153,431) 78,780 2,121,753
Revaluation
fund		 1,915,412 (78,780) 1,836,632
Restricted funds 4,111,816 (153,431) 3,958,385
Mission Fund 195,308 (15,881) 179,427
TOTAL FUNDS 4,307,124 (169,312) 4,137,812
Comparative
net movement		 in funds, included in the above are as follows:
Incoming Resources Movement
resources expended in funds
Unrestricted
funds
General fund 54,293 (207,724) (153,431)
Restricted funds
Mission Fund 48,992 (64,873) (15,88I )
TOTAL FUNDS 103,285 (272,597) (169,312)
The unrestricted
funds of		 the Charity include the following designated funds:
Fixed Asset Revaluat1on Fund 2023 2022
Net funds at I Apri12022
Reahsed loss on sale ofpmperties		 1,836,631
(40,659)		 1,915,411
(78,780)
Net funds at 31March 2023 1,795,972 1,836,631

2023 2022
Kingsway CLC Trust 65,000
CLC International (Missions) 35,000