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2022-12-31-accounts

CHARITY REGISTRATION NUMBER: 1020504

Raglan Road Christian Church Unaudited Financial Statements

31 December 2022

Raglan Road Christian Church

Financial Statements

Year ended 31 December 2022

Page
Trustees' annual report 1
Independent examiner's report to the trustees 8
Statement of financial activities 9
Statement of financial position 10
Statement of cash flows 11
Notes to the financial statements 12
The following pages do not form part of the financial statements
Detailed statement of financial activities 21

Raglan Road Christian Church

Trustees' Annual Report

Year ended 31 December 2022

The trustees present their report and the unaudited financial statements of the charity for the year ended 31 December 2022.

Reference and administrative details

Registered charity name Raglan Road Christian Church
Charity registration number
1020504
Principal office 69 Raglan Road
Smethwick
West Midlands
B66 3ND
The trustees
DJ Hartill
RJ Hawkes
OO Odunbanjo
NEJ Farmer
OA Adeniji
Bankers
 TSB Bank Plc
62-65 Cape Hill
Smethwick
West Midlands
B66 4PH
Solicitors
 Pearce Legal LLP
2 The Square
Solihull
B91 3RD
Company secretary Derek John Hartill

1

Raglan Road Christian Church

Trustees' Annual Report (continued)

Year ended 31 December 2022

Structure, governance and management

The trustees present their report and the financial statements for the year ended 31st December 2022. The trustees who served during the year and up to the date of this report are set out on page 1. Report of the trustees for the year ended December 2022.

Organisational

1)The Leadership team, led by our Senior Pastor Gareth Brown, oversee the spiritual life of the church and the Administrative, Finance and Property Teams look after the practical issues.

2) The congregation, have at least one church business meeting annually, at which presentations on our financial situation, major plans and other issues.# for discussion.

3) The trustees are also part of the leadership team Trustees meet at least once per year. They are nominated and appointed by existing trustees backed by the elders, and are all either committed church members or trusted friends of the church. They help to ensure that the finances are in good order and that the aims and objectives of the trust are being carried out. Trustees all have copies of "The Essential Trustee" and are forwarded the on line Charity Commission updates. Trustees give their time and service voluntarily and new trustees are inducted individually as required.

Decision Making Process- The decisions are made by the Leadership Team, who meet fortnightly, although they receive input from the Trustees, Administrative, Finance and Property, Operations Teams. During the year there were whole church meetings (1th May 202 and 3rd July 2022), to impart vision and update members on finance and properties. The agenda for this is overseen by the Leadership Team.

The Properties Team meet, consisting of Gareth Brown, Sara Mulenga, and John Farmer, meet regularly.

The Finance Team, consisting of Gareth Brown, Sara Mulenga meets regularly with Marian Amissah assisting with monthly end checks.

The trust has support from certain workers who look after the day-to-day management of the trust:

The various activities of the church are otherwise carried out by volunteers - whose contribution is essential and invaluable!

The Trust actively pursues a policy of making the facilities available to other groups whose aims match our own.

Assessment of Risk:

The church has an up-to-date insurance policy, with Ansvar Insurance which covers buildings for both the church building and numbers 70 & 69 It also includes cover for Public Liability, Employers Liability and Trustees indemnity. There are regular safety checks on Gas boilers, and electrical PAT tests.

The church's kitchen arrangements continue to operate in accordance with the Sandwell Food/Health and Safety inspection visit.

All 3 buildings have been assessed for fire risk and fire systems tested.

There is appropriate documentation of kitchen use and cleaning provision

DBS checks are up to date

Benefits:

We hold a service of public worship every Sunday morning. We also have regular meetings for prayer which are open to the public. These are all advertised either via our weekly notice sheet, notice board outside the church, social media or on our website. Believing in Jesus Christ and following his

2

Raglan Road Christian Church

Trustees' Annual Report (continued)

Year ended 31 December 2022

teaching offers great benefits to the individual - forgiveness, peace of mind, a reason for living and hope for the future - and harmony for the community, because love and forgiveness are at the heart of the Christian faith. Individual Christians are part of a worldwide family, expressed in the local church - giving each person the sense of belonging and significance. Our church provides activities for local children and all of which are advertised - either via our weekly notice sheet, notice board outside the church, social media or on our website. Following the teaching of Jesus Christ also involves spreading his message, both locally and throughout the world

3

Raglan Road Christian Church

Trustees' Annual Report (continued)

Year ended 31 December 2022

Structure, governance and management (continued)

Objectives and activities

The Trust was established in March 1987 according to the terms of the Declaration of Trust dated 2nd March 1987. The purpose of the Trust was for the advancement of the Christian faith, or in the relief of poverty and in particular for all or any of the following purposes, namely:

For evangelism and teaching of Christian doctrine either in Great Britain or elsewhere. To provide assistance and financial and other support for Missionaries, Ministers and other Christian workers.

For the relief of people in special poverty or need.

To produce, publish and distribute literature, films, recordings and materials or any other communications media on Christian subjects.

To arrange, organise and provide assistance, conferences, camps, house parties and other activities for Christian teaching and fellowship.

To provide accommodation for Missionaries and other Christian workers, their wives and husbands and their children. The deed of trust has not been updated recently.

4

Raglan Road Christian Church

Trustees' Annual Report (continued)

Year ended 31 December 2022

Achievements and performance

Achievement and performance - The following report provides specific examples. Main Activities:

Other activities:

Community Outreach –

The church is also part of Smethwick Churches Action Network (CAN), (a joint response from local churches to tackle poverty, increase aspiration, provide opportunities & support the most vulnerable in our community). The church hosted a "Family Easter Crafts Event", and training for community "Renew Wellbeing Spaces".

. Women's Events - Informal connections were encouraged, in place of structured events.

. Band of Brothers -Several Mens events were held during the year, including "Saturday Morning walk & Breakfast" at the Lickey Hills and Clent Hills "Mens Movie Night & Pizza".

. Marriage Ministries - The church supported the parenting course "Foundations for Life", run by Care for the Family.

. International Speakers - Ronny Heyboer from "Living Waters Village in Borneo which supports orphaned children, Fineke Janssen from "Mission Adulam" which supports the needs of young drug addicts in Bolivia, Sam Berry working in Florida USA for "Jesus at the Door, Alan Lines.

. Local Churches - we continue to enjoy even closer links with Smethwick Gospel Hall and participate in the "Love Sandwell and "Love Black Country" events.

. Support to overseas Christian workers- Support to overseas Christian activities in many parts of the world continues. Penny Elliott who supports training for children's works in Tanzania. Helcio and Angela Lange Da Silva, Peter and Marilyn Hawkes, and Elizeu and Jan Gois are all working in Portugal and are assisted in their work in different ways by the church. Alan Lines working in Romania is also supported by the church in different ways.

5

Raglan Road Christian Church

Trustees' Annual Report (continued)

Year ended 31 December 2022

Significant developments over the year. Properties:

Installed a new integrated CCTV and upgraded Intruder Alarm System for the church and No. 69. We are happy with our letting agent, Colin Bourne of Pan Asia Housing, who also manages the rental of the 2 flats in No 70, and we consider his services are very well worth his rate of 10%. The rental of these properties helps to support the church financially.

6

Raglan Road Christian Church

Trustees' Annual Report (continued)

Year ended 31 December 2022

Financial review

Income Generation - we continue to make our buildings available for outside use, as and when we received requests to hire our facilities. The church also rents out 2 flats, which have all been occupied to a greater or lesser extent. This has all helped to increase our church's income, although much is generated through voluntary gifts from members.

Plans for future periods:

We will continue to work closely with other local churches. In particular with Smethwick Gospel Hall, with whom we are seeking to develop closer leadership links.

The trustees' annual report was approved on 12 September 2023 and signed on behalf of the board of trustees by:

DJ Hartill Trustee

Derek John Hartill Charity Secretary

7

Raglan Road Christian Church

Independent Examiner's Report to the Trustees

Year ended 31 December 2022

I report to the trustees on my examination of the financial statements of Raglan Road Christian Church ('the charity') for the year ended 31 December 2022.

Responsibilities and basis of report

As the trustees of the charity, you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

  2. the financial statements do not accord with those records; or

  3. the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Sylvanus Dzotsi B.A(Hons), FCCA Association of Chartered Certified Accountants Independent Examiner Yevs House 130 Cape Hill Smethwick West Midlands B66 4PH Independent Examiner

8

Raglan Road Christian Church

Statement of Financial Activities

Year ended 31 December 2022

2022 2021
Unrestricted Restricted
funds funds Total funds Total funds
Note £ £ £ £
Income and endowments
Donations and legacies 4 68,884 22,713 91,597 116,273
Charitable activities 5 11,484 – 11,484 14,724
Other income 6 17,165 5,412 22,577 25,371
---------------------------- ---------------------------- -------------------------------- --------------------------------
Total income 97,533 28,125 125,658 156,368
============================ ============================ ================================ ================================
Expenditure
Expenditure on raising funds:
Costs of raising donations and
legacies 7 86,185 30,054 116,239 141,694
Expenditure on charitable activities 8,9 565 – 565 70
Other expenditure 10 9,679 – 9,679 1,676
---------------------------- ---------------------------- -------------------------------- --------------------------------
Total expenditure 96,429 30,054 126,483 143,440
============================ ============================ ================================ ================================
---------------------------- ---------------------------- -------------------------------- --------------------------------
Net (expenditure)/income and net
movement in funds 1,104 (1,929) (825) 12,928
============================ ============================ ================================ ================================
Reconciliation of funds
Total funds brought forward 464,252 181,197 645,449 632,521
-------------------------------- -------------------------------- -------------------------------- --------------------------------
Total funds carried forward 465,356 179,268 644,624 645,449
================================ ================================ ================================ ================================

The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 12 to 19 form part of these financial statements.

9

Raglan Road Christian Church

Statement of Financial Position

31 December 2022

2022 2021
Note £ £
Fixed assets
Tangible fixed assets 14 611,605 605,963
Current assets
Debtors 15 870 2,016
Cash at bank and in hand 32,422 38,653
---------------------------- ----------------------------
33,292 40,669
Creditors: amounts falling due within one year 16 273 1,183
---------------------------- ----------------------------
Net current assets 33,019 39,486
-------------------------------- --------------------------------
Total assets less current liabilities 644,624 645,449
================================ ================================
Funds of the charity
Restricted funds 179,268 179,155
Unrestricted funds 465,356 466,294
-------------------------------- --------------------------------
Total charity funds 18 644,624 645,449
================================ ================================

These financial statements were approved by the board of trustees and authorised for issue on 12 September 2023, and are signed on behalf of the board by:

DJ Hartill Trustee

The notes on pages 12 to 19 form part of these financial statements.

10

Raglan Road Christian Church

Statement of Cash Flows

Year ended 31 December 2022

2022 2021
£ £
Cash flows from operating activities
Net (expenditure)/income (825) 12,928
Adjustments for:
Depreciation of tangible fixed assets 11,455 9,239
Interest payable and similar charges 171 3,221
Changes in:
Trade and other debtors 1,146 (412)
Trade and other creditors (910) 289
---------------------------- ----------------------------
Cash generated from operations 11,037 25,265
Interest paid (171) (3,221)
---------------------------- ----------------------------
Net cash from operating activities 10,866 22,044
============================ ============================
Cash flows from investing activities
Purchase of tangible assets (17,097) (11,390)
---------------------------- ----------------------------
Net cash used in investing activities (17,097) (11,390)
============================ ============================
Net (decrease)/increase in cash and cash equivalents (6,231) 10,654
Cash and cash equivalents at beginning of year 38,653 27,999
---------------------------- ----------------------------
Cash and cash equivalents at end of year 32,422 38,653
============================ ============================

The notes on pages 12 to 19 form part of these financial statements.

11

Raglan Road Christian Church

Notes to the Financial Statements

Year ended 31 December 2022

1. General information

The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is 69 Raglan Road, Smethwick, West Midlands, B66 3ND.

2. Statement of compliance

These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (Charities SORP (FRS 102)) and the Charities Act 2011.

3. Accounting policies

Basis of preparation

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

There are no material uncertainties about the charity's ability to continue.

Fund accounting

Unrestricted funds are available for use at the discretion of the trustees to further any of the charity's purposes.

Designated funds are unrestricted funds earmarked by the trustees for particular future project or commitment.

Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal, and fall into one of two sub-classes: restricted income funds or endowment funds.

12

Raglan Road Christian Church

Notes to the Financial Statements (continued)

Year ended 31 December 2022

3. Accounting policies (continued)

Incoming resources

All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:

Resources expended

Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:

All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.

Operating leases

Lease payments are recognised as an expense over the lease term on a straight-line basis. The aggregate benefit of lease incentives is recognised as a reduction to expense over the lease term, on a straight-line basis.

13

Raglan Road Christian Church

Notes to the Financial Statements (continued)

Year ended 31 December 2022

3. Accounting policies (continued)

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other recognised gains and losses, unless it reverses a charge for impairment that has previously been recognised as expenditure within the statement of financial activities. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other recognised gains and losses, except to which it offsets any previous revaluation gain, in which case the loss is shown within other recognised gains and losses on the statement of financial activities.

Depreciation

Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:

Plant and machinery - 5% reducing balance
Fixtures and fittings - 25% reducing balance
Computer Equipment - 30% reducing balance

Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cashgenerating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.

For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the charity are assigned to those units.

Financial instruments

A financial asset or a financial liability is recognised only when the charity becomes a party to the contractual provisions of the instrument.

14

Raglan Road Christian Church

Notes to the Financial Statements (continued)

Year ended 31 December 2022

3. Accounting policies (continued)

Financial instruments (continued)

Basic financial instruments are initially recognised at the amount receivable or payable including any related transaction costs.

Current assets and current liabilities are subsequently measured at the cash or other consideration expected to be paid or received and not discounted.

Debt instruments are subsequently measured at amortised cost.

Where investments in shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in income and expenditure. All other such investments are subsequently measured at cost less impairment.

Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Other financial instruments are subsequently measured at fair value, with any changes recognised in the statement of financial activities, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised under the appropriate heading in the statement of financial activities in which the initial gain was recognised.

For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

Defined contribution plans

Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.

When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as an expense in the period in which it arises.

15

Raglan Road Christian Church

Notes to the Financial Statements (continued)

Year ended 31 December 2022

4. Donations and legacies

Unrestricted Restricted Total Funds
Funds Funds 2022
£ £ £
Donations
Donations 68,884 22,713 91,597
============================ ============================ ============================
Unrestricted Restricted Total Funds
Funds Funds 2021
£ £ £
Donations
Donations 88,352 27,921 116,273
============================ ============================ ================================
5. Charitable activities
Unrestricted Total Funds Unrestricted Total Funds
Funds 2022 Funds 2021
£ £ £ £
Other income 11,484 11,484 14,724 14,724
============================ ============================ ============================ ============================
6. Other income
Unrestricted Restricted Total Funds
Funds Funds 2022
£ £ £
Other income 5,913 – 5,913
Tax Reclaim 11,252 5,412 16,664
---------------------------- ----------------------- ----------------------------
17,165 5,412 22,577
============================ ======================= ============================
Unrestricted Restricted Total Funds
Funds Funds 2021
£ £ £
Other income 2,800 – 2,800
Tax Reclaim 16,314 6,257 22,571
---------------------------- ----------------------- ----------------------------
19,114 6,257 25,371
============================ ======================= ============================
7. Costs of raising donations and legacies
Unrestricted Restricted Total Funds
Funds Funds 2022
£ £ £
Costs of raising donations and legacies - Donations 86,185 30,054 116,239
============================ ============================ ================================
Unrestricted Restricted Total Funds
Funds Funds 2021
£ £ £
Costs of raising donations and legacies - Donations 105,474 36,220 141,694
================================ ============================ ================================

16

Raglan Road Christian Church

Notes to the Financial Statements (continued)

Year ended 31 December 2022

8. Expenditure on charitable activities by fund type

Unrestricted Total Funds Unrestricted Total Funds
Funds 2022 Funds 2021
£ £ £ £
Visiting Speakers 498 498 – –
Support costs 67 67 70 70
-------------- -------------- -------------- --------------
565 565 70 70
============== ============== ============== ==============
Expenditure on charitable activities by activity type
Activities
undertaken Support Total funds Total fund
directly costs 2022 2021
£ £ £ £
Interest Payable & Similar Charges – 67 67 70
Visiting Speakers 498 – 498 –
-------------- -------------- -------------- --------------
498 67 565 70
============== ============== ============== ==============
Other expenditure
Unrestricted Total Funds Unrestricted Total Funds
Funds 2022 Funds 2021
£ £ £ £
General Expenses 5,373 5,373 770 770
Cleaning and Waste Removal 3,603 3,603 906 906
Consultancy 304 304 – –
Other expenditure 399 399 – –
----------------------- ----------------------- ----------------------- -----------------------
9,679 9,679 1,676 1,676
======================= ======================= ======================= =======================

9. Expenditure on charitable activities by activity type

10. Other expenditure

11. Net (expenditure)/income

Net (expenditure)/income is stated after charging/(crediting):

2022 2021
£ £
Depreciation of tangible fixed assets 11,455 9,239
Repairs & Maintenance 8,333 5,198
============================ =======================

12. Staff costs

The total staff costs and employee benefits for the reporting period are analysed as The total staff costs and employee benefits for the reporting period are analysed as follows:
2022 2021
£ £
Wages and salaries 41,355 62,641
Employer contributions to pension plans 240 –
---------------------------- ----------------------------
41,595 62,641
============================ ============================

The average head count of employees during the year was 5 (2021: 5).

17

Raglan Road Christian Church

Notes to the Financial Statements (continued)

Year ended 31 December 2022

12. Staff costs (continued)

No employee received employee benefits of more than £60,000 during the year (2021: Nil).

13. Trustee remuneration and expenses

14. Tangible fixed assets

Freehold Plant and
Fixtures and
property machinery
fittings		 Equipment Total
£ £ £ £ £
Cost
At 1 Jan 2022 569,721 31,757
103,040		 16,890 721,408
Additions – –
17,097		 – 17,097
-------------------------------- ---------------------------- -------------------------------- ---------------------------- --------------------------------
At 31 Dec 2022 569,721 31,757
120,137		 16,890 738,505
================================ ============================ ================================ ============================ ================================
Depreciation
At 1 Jan 2022 – 21,848
78,767		 14,830 115,445
Charge for the year – 495
10,342		 618 11,455
-------------------------------- ---------------------------- -------------------------------- ---------------------------- --------------------------------
At 31 Dec 2022 – 22,343
89,109		 15,448 126,900
================================ ============================ ================================ ============================ ================================
Carrying amount
At 31 Dec 2022 569,721 9,414
31,028		 1,442 611,605
================================ ============================ ================================ ============================ ================================
At 31 Dec 2021 569,721 9,909
24,273		 2,060 605,963
================================ ============================ ================================ ============================ ================================
15. Debtors
2022 2021
£ £
Trade debtors 870 2,016
============== =======================
16. Creditors: amounts falling due within one year
2022 2021
£ £
Social security and other taxes 273 1,183
-------------- -----------------------
273 1,183
============== =======================

18

Raglan Road Christian Church

Notes to the Financial Statements (continued)

Year ended 31 December 2022

17. Pensions and other post retirement benefits

Defined contribution plans

The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £240 (2021: £Nil).

18. Analysis of charitable funds

Unrestricted funds

Unrestricted funds
At At
1 Jan 2022 Income Expenditure 31 Dec 2022
£ £ £ £
General funds 37,535 97,533 (96,429)
38,639
Unrestricted fund 426,717 – – 426,717
-------------------------------- ---------------------------- ---------------------------- --------------------------------
464,252 97,533 (96,429)
465,356
================================ ============================ ============================ ================================
At At
1 Jan 2021 Income Expenditure 31 Dec 2021
£ £ £ £
General funds 24,607 122,190 (107,220)
39,577
Unrestricted fund 426,717 – – 426,717
-------------------------------- -------------------------------- -------------------------------- --------------------------------
451,324 122,190 (107,220)
466,294
================================ ================================ ================================ ================================
Restricted funds
At At
1 Jan 2022 Income Expenditure 31 Dec 2022
£ £ £ £
Restricted Fund – 28,125 (30,054)
(1,929)
Restricted fund 181,197 – – 181,197
-------------------------------- ---------------------------- ---------------------------- --------------------------------
181,197 28,125 (30,054)
179,268
================================ ============================ ============================ ================================
At At
1 Jan 2021 Income Expenditure 31 Dec 2021
£ £ £ £
Restricted Fund – 34,178 (36,220)
(2,042)
Restricted fund 181,197 – – 181,197
-------------------------------- ---------------------------- ---------------------------- --------------------------------
181,197 34,178 (36,220)
179,155
================================ ============================ ============================ ================================
19. Analysis of changes in net debt
At At
1 Jan 2022 Cash flows 31 Dec 2022
£ £ £
Cash at bank and in hand 38,653 (6,231)
32,422
============================ ======================= ============================

19

Raglan Road Christian Church

Management Information

Year ended 31 December 2022

The following pages do not form part of the financial statements.

20

Raglan Road Christian Church

Detailed Statement of Financial Activities

Year ended 31 December 2022

2022 2021
£ £
Income and endowments
Donations and legacies
Donations 91,597 116,273
---------------------------- --------------------------------
Charitable activities
Other income 11,484 14,724
---------------------------- ----------------------------
Other income
Other income 5,913 2,800
Tax Reclaim 16,664 22,571
---------------------------- ----------------------------
22,577 25,371
---------------------------- ----------------------------
-------------------------------- --------------------------------
Total income 125,658 156,368
================================ ================================

21

Raglan Road Christian Church

Detailed Statement of Financial Activities (continued)

Year ended 31 December 2022

2022 2021
£ £
Expenditure
Costs of raising donations and legacies
Wages and salaries 41,355 62,641
Pension costs 240 –
Repairs & Maintenance 8,333 5,198
Sunday School 468 804
Insurance 4,192 3,714
Literature & Multimedia 2,198 1,471
Membership Fees-Evangelical Alliance 950 192
Other motor/travel costs 183 –
Legal and professional fees 197 1,841
Telephone 1,721 686
Printing, Postage & Stationery 1,171 2,146
Kitchen Expenditure 2,723 2,273
Depreciation 11,456 9,239
Conference Fees & Other Meetings 206 180
Mission & Evangelism 104 3,151
Subscription 1,911 2,234
Establishment Cost 8,777 9,704
Missionary Giving 30,054 36,220
-------------------------------- --------------------------------
116,239 141,694
-------------------------------- --------------------------------
Expenditure on charitable activities
Other interest payable and similar charges 67 70
Visiting Speakers 498 –
-------------- --------------
565 70
-------------- --------------
Other expenditure
General Expenses 5,373 770
Cleaning and Waste Removal 3,603 906
Consultancy 304 –
Other expenditure - 399 –
----------------------- -----------------------
9,679 1,676
----------------------- -----------------------
-------------------------------- --------------------------------
Total expenditure 126,483 143,440
================================ ================================
-------------------------------- --------------------------------
Net (expenditure)/income (825) 12,928
================================ ================================

22