| Company Information |
|---|
| IIIrectors' Repert |
| Auditors' Report |
| Statement ofFinancial Activities |
| Balance Sheet |
| Statement ofCash Flosvs |
| Notes to the Financial Statements |
| Unrestricted | Restricted | Total funds | Total funds | ||
|---|---|---|---|---|---|
| Notes | funds f |
funds | 2023 | 2022f | |
| INCOME | |||||
| Donations and Legacies |
442,755 | 348,217 | 790,972 | 971,602 | |
| Charitable Activities |
18,686 | 18,686 | 2.397 | ||
| Trading Activities | 185,688 | 185,688 | 177,001 | ||
| Other Income | 24,002 | 24,002 | 16,621 | ||
| Investment Income |
13,608 | 13,608 | 424 | ||
| Profit on sale ofFixed Asset | 3.333 | 3,333 | |||
| TO7'Al INCOME |
669.386 | 366.903 | 1,036.289 | 1,168.045 | |
| EXPENDITURE | |||||
| Cost ofRnising Funds | 6 | 24,208 | 24,208 | 23,792 | |
| Charitable Activities |
7 | 856,846 | 359,214 | 1.216,060 | 1,120,408 |
| TOTAL EXPENDITURE | 881,054 | 359,214 | 1,240.268 | 1,144,200 | |
| NET IIIICOME/(EXPENDITURE) | 8 | (211,668) | 7,689 | (203,979) | 23,845 |
| Fund Balances at Beginning ofYear | 1,492,085 | 349,223 | 1,841,308 | 1,817,463 | |
| FUND BALANCES AT END OF YEAR | 14a/b | 1,280,417 | 356,912 | 1,637,329 | I,S41,308 |
| Notes | 2023 | 2022 | |||
|---|---|---|---|---|---|
| 8 | 8 | 8 | |||
| FIXEDASSETS | 10 | 768.645 | 767,730 | ||
| CURRENT ASSETS | |||||
| Stocks | 11 | 3,768 | 6,330 | ||
| Debtors and prepayments | 12 | 66.547 | 55,814 | ||
| Bank and cash balances | 824,166 | 1,039,329 | |||
| 894.481 | 1,101,473 | ||||
| CREDITORS: AMOUNTS FALLING | |||||
| DUE WITHIN ONE YEAR | 13 | (25,795) | (27,895) | ||
| NET CURRENT ASSETS | 868,686 | 1,073,578 | |||
| TOTAL ASSETSLESSCURRENT | |||||
| LIABILITIES | 1,637,331 | 1,841,308 | |||
| TOTAL NKT ASSETS | 1,637,331 | 1,841,308 | |||
| FUNDS | |||||
| Unrestricted General funds |
14a | 1,280,417 | 1,492.085 | ||
| Restricted funds |
14b | 356,914 | 349,223 | ||
| 1,637,331 | 1,841,308 |
| Notes | 2023f | 2022f | ||||||
|---|---|---|---|---|---|---|---|---|
| Cash flows from | operating | activities: | ||||||
| Net cash provided | by (used | in) operating | ||||||
| activities | 16a | (199,2'16) | 74,671 | |||||
| Cash flows from | investing | activities: | ||||||
| interest from investmenis |
13608 | 424 | ||||||
| Purchase oftangible fixed | assets | (29,495) | ||||||
| Decrease in cash | and cash | equivalents | in | (215,163) | 7E095 | |||
| the year | ||||||||
| Cash and cash equivalents | at the | beginning of | 1,039)329 | 964,234 | ||||
| the year | ||||||||
| Total cash nnd cash equivalents | stthe | end | ||||||
| ofthe year | 824,166 | 1,039,329 |
| DONATIONS | AND LEGACIES | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | 2023 | 2022 | ||
| 8 | |||||
| Donations | 425,090 | 173,221 | 598,311 | 782,587 | |
| Giga in Kind | 174,996 | 174,996 | 150,732 | ||
| Legacies | 17,665 | 17,665 | 38,283 | ||
| 442,755 | 348,217 | 790,972 | 971,602 |
| 3. | INCOMING | RESOURCES FROM | |||
|---|---|---|---|---|---|
| CHARITABLE ACTIVITIES | |||||
| 2023 | 2022f | ||||
| Restricted funds | |||||
| Youth Work | 18,686 | 2,397 | |||
| 18,686 | 2,397 | ||||
| 4. | INCOMING | RESOURCES FROM | |||
| TRADINIG ACTIVITIES | |||||
| 2023 | 2022 | ||||
| Unrestricted | funds | ||||
| Resource Centre, Shop and other income | 179,088 | 173,241 | |||
| Rent receivable | 6.600 | 3.760 | |||
| 185,688 | 177,001 | ||||
| 5. | OTHER INCOME | ||||
| 2023 | 2022 | ||||
| 8 | f | ||||
| Unrestricted | funds | ||||
| H M Revenue | &Customs Job Retention | Sheme Grant | 13,617 | ||
| Other Income | 24.002 | 3,004 | |||
| 24,002 | 16,621 | ||||
| 6. | COSTOF RAISING FUI4DS |
| COSTO | F RAISIN | G FUI4DS | ||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| fundsf | funds | 2023f | 2022 | |||
| Staffcosts | 10.158 | 10,158 | 9,399 | |||
| Postage | 7.776 | 7,776 | 6,545 | |||
| Printing, | stationery | and other costs | 6,274 | 6,274 | 7,848 | |
| 24,208 | 24,208 | 23,792 |
| CHARITABLE ACTIVITIES | ||||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |
| funds 8 |
fundsf | 2023f | 2022f | |
| The provision ofcare | 171,273 | 74,615 | 245,888 | 223,182 |
| Evangelism | 423.472 | 199,930 | 623,402 | 572,341 |
| Shop and Resource Centre | 262,101 | 84,669 | 346,770 | 324.885 |
| 856,846 | 359,214 | 1,216,060 | 1,120,408 |
| Support costs support costs |
that cannot be directly that are included in the |
allocated have be above amounts are |
en apportioned as follows: |
on the basi | s of staff c | osts. The |
|---|---|---|---|---|---|---|
| Shop | Total | Total | ||||
| Care | Evangelism | dr RC | 2023 | 2022f | ||
| Employees Premises |
40.368 7.212 |
120,585 21,544 |
48,155 8.603 |
209,108 37,359 |
166,514 61,077 |
|
| Oigce expenditure | 7,404 | 22,118 | 8,833 | 38,355 | 32.895 | |
| Irrecoverable | VAT | 3.782 | 11,299 | 4,512 | 19,593 | 16,392 |
| Depreciation | 2,043 | 6,102 | 2.437 | 10,582 | 8,377 | |
| Professional | /t Legal fees | 4,687 | 14.002 | 5,592 | 24,281 | 9,655 |
| Bank charges | 420 | 1,255 | 501 | 2,176 | 2,427 | |
| 65,916 | 196,905 | 78,633 | 341,454 | 297,337 |
| This is st | ated after cb | argingt | ||
|---|---|---|---|---|
| 2023 | 2022 | |||
| P'000 | 8*000 | |||
| Operating | leases —equipmcnt | 6 | 4 | |
| Depreciation | 29 | 33 | ||
| Auditors | remuneration | —Audit fees | ll | 10 |
| 2023 | 2022 | ||
|---|---|---|---|
| 6 | |||
| Staff costs: | |||
| Wages and salaries | 642,694 | 625,463 | |
| Social security costs | 44,804 | 41,727 | |
| Pension Contributions | 9.270 | 7.489 | |
| Non-Contractural | Settlement | 10,500 | |
| 707,268 | 674,679 |
| 2023 | 2023 | 2022 | 2022 | ||||
|---|---|---|---|---|---|---|---|
| Average | FTE | Average | FTE | ||||
| Average | monthly | number | ofemployees: | ||||
| Evangelism | 29 | 21 | 30 | 23 | |||
| Other | 10 | 7 | 9 | 6 | |||
| 39 | 28 | 39 | 29 |
| IXEDASSETS | |||||
|---|---|---|---|---|---|
| Leasehold | |||||
| Freehold | land & | Motor | Equipment | ||
| property | property 8 |
vehicles | &fittings | Totalf | |
| COST | |||||
| At I April 2022 | 807,644 | 131,846 | 41,891 | 135,099 | 1.116.480 |
| Addition | 29.495 | 29,495 | |||
| Disposals | (21,596) | (21,596) | |||
| At 31March 2023 | 807,644 | 131,846 | 49,790 | 135.099 | 1,124.,379 |
| DEPRECIATION | |||||
| At 1 April 2022 | 106.810 | 74.214 | 35,972 | 131,754 | 348,750 |
| Charge for the year | 14,047 | 6.115 | 5,073 | 3,342 | 28.580 |
| Adjustment for disposal |
(21,596) | (21,596) | |||
| At 31March 2023 | 120,857 | 80,329 | 19,449 | 135,099 | 355,734 |
| NET BOOK VALUE | |||||
| At 31 March 2023 | 686,787 | 51.517 | 30,341 | Nil | 768,645 |
| At 31 March 2022 | 700,834 | 57,632 | 5,919 | 3,345 | 767,730 |
| Leasehold land and pro |
perty compr |
ise: | ||||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| Cost f. |
Costf | |||||
| The 66year lease (which premises at Washington |
commenced on 29September 1965)on the Street and subsequent refurbishment |
131.846 | 131.846 | |||
| Less Depreciation | (80,329) | (74,2]4) | ||||
| Net book value | 51,517 | 57,632 | ||||
| 1l. | STOCKS | |||||
| 2023 | 2022f | |||||
| Goods for resale | 3.768 | 6.330 | ||||
| 3,768 | 6,330 |
| 2023 | 2022f | ||
|---|---|---|---|
| Due within | one year: | ||
| VAT recoverable | 10,994 | 2,089 | |
| Prepaytncnts | 6,247 | 7,377 | |
| income tax | on Gift Aid | 38,881 | 41,923 |
| Trade debtors | 10,425 | 4,425 | |
| 66,547 | 55,814 |
| CREDITORS: AMOUNT FALLING DUE WITHIN ONE YEAR |
||
|---|---|---|
| 2023 | 2022 | |
| f | ||
| Trade creditors | 3,185 | 7,048 |
| Taxation and social mcurity costs | 8,989 | 9.570 |
| Accruals | 13,621 | ]1,277 |
| 25,795 | 27,895 |
| RESTRICTED FUNDS | ||||
|---|---|---|---|---|
| Fixed | Care | |||
| Assetsf | Centre | Other* | Total | |
| Balances at 31 March 2022 | 331,422 | 6,184 | 11,617 | 349,223 |
| Income | 23,502 | 45.329 | 298,072 | 366,903 |
| Expenditure | (11,280) | (51.445) | (296.489) | (359,214) |
| Balances at 31March 2023 | 343.644 | 68 | 13,200 | 356,912 |
| ANALYSIS OF NKT ASSETSBETWE | EN FUNDS | ||
|---|---|---|---|
| Unrestricted | Restricted | Total | |
| funds | funds | funds | |
| f, | |||
| Tangible fixed assets | 448,435 | 343,712 | 792,147 |
| Current assets | 857,777 | 13,200 | 870.977 |
| Cuirent liabilities | (25,795) | (25,795) | |
| Total net assets | 1,280,417 | 356,912 | 1,637,329 |
| 16. | NOTES TO THE STATEMENT OFCASH | NOTES TO THE STATEMENT OFCASH | NOTES TO THE STATEMENT OFCASH | FLOWS | FLOWS | |||
|---|---|---|---|---|---|---|---|---|
| 1023 | 2022 | |||||||
| (a) | Reconciliation ofnet deficit to |
net cash outflow from operating | activities | |||||
| Deficit for the year | (203,979) | 23,845 | ||||||
| Gifts-in-kind | (174,996) | (150,732) | ||||||
| Direct use ofglfls-iu-kind | 174,996 | 150,732 | ||||||
| Depreciation charges |
28,582 | 33,007 | ||||||
| Interest receivable | (13,608) | (424) | ||||||
| Increase/(Decrease) in debtors |
(10,733) | (18,349) | ||||||
| Decrease in stocks | 2,562 | 2,402 | ||||||
| (Dccrcasc) in creditors | (2,100) | (2,508) | ||||||
| Net cash inflow/(outflow) | from | operating activities | (199,276) | 74,671 | ||||
| (b) | Reconctlistion ofnet cash flow to movement Decrease in cash in the year |
in net funds | (215.163) | 75,095 | ||||
| Ivtovement in net funds in |
the year | (215,163) | 75,095 | |||||
| Net funds brought forward |
1,039,329 | 964.234 | ||||||
| Net funds carried forward | 824,166 | 1,039,329 | ||||||
| (c) | Analysis ofnet funds Cash at bank aud in hand |
824,166 | 1,039,329 | |||||
| 824,166 | 1,039,329 | |||||||
| 17. | CAPITAL COMMITMENTS | |||||||
| 1023f | 2022 f |
|||||||
| Capital expenditure contracted |
for but not provided | for in the financial | ||||||
| statemenis | Nil | Nil |
| Land and | Total | Total | ||||
|---|---|---|---|---|---|---|
| Buildings | Other | 2023 | 2022 | |||
| 6 | f | |||||
| Operating | leases which expire: | |||||
| Within | I year | 31,00 | 6,022 | 37,022 | 28,667 | |
| Within | 2 to | 5years | 113,000 | 113,000 | 118,125 | |
| After 5 | years | 22.500 | 22.500 | 31,500 | ||
| 166,500 | 6,022 | 172,522 | 178,292 |
| INCOME AND EXPENDITURE ACCOUNT | INCOME AND EXPENDITURE ACCOUNT | |||
|---|---|---|---|---|
| Year ended 31March 2022 | ||||
| Unrestricted | Restricted | Total funds | ||
| funds | funds | 2022 | ||
| INCOME | ||||
| Donations and Legacies |
673,7GO | 297,842 | 971,602 | |
| Charitable Activities |
2.397 | 2,397 | ||
| Trading Activities | 177,001 | 177,001 | ||
| Other income | 16,621 | 16,621 | ||
| Investments | 424 | 424 | ||
| TOTAL INCOME | ||||
| 867,806 | 300,239 | 1,168,045 | ||
| EXPENDITURE | ||||
| Cost ofraising funds | 23,792 | 23,792 | ||
| Charitable acrlvltles |
791,536 | 328,872 | 1,120,408 | |
| TOTAL EXPENDITURE | 815,328 | 328,872 | 1,144,200 | |
| NET INCOME/(EXPENDITURE) | 52,478 | (28,633) | 23,845 | |
| Fund balances at beginning | ofyear | 1,439,G07 | 377,856 | 1,817,463 |
| FUND BALANCES AT END OFYEAR | 1,492,085 | 349,223 | 1,841,308 |