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|||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|
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|||||||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|
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|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|
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|||||2023|2022|
|---|---|---|---|---|---|
|Full|time and|part time|||1|
|No|employees|received emoluments|in excess off60,000.|||
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|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|
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|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|
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|||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|
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|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|
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|||||||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|
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|||2023|2022|
|---|---|---|---|
|Kingsway CLC Trust|||65,000|
|CLC International|(Missions)||35,000|