| Page | ||||
|---|---|---|---|---|
| Report ofthe Trustees | I | to | 3 | |
| Independent Esaminer's |
Report | |||
| Statement ofFinancial | Activities | |||
| Balance Sheet | ||||
| Notes to the Finaacial Statements | 7 | to | l6 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| Unresincted | Restricted | Total | Total | ||||
| Notes | felid f |
funds E |
funds f |
fundsf | |||
| INCOME AND ENDOWMENTS | FROM | ||||||
| Donations and legacies |
281,171 | 66i,384 | 347,555 | 365,946 | |||
| Charitable activities |
|||||||
| Church activities | 19,&79 | 19,279 | 3,009 | ||||
| Other trading activities | 5,431 | 5,431 | 2,409 | ||||
| Investment income |
r(19 | 209 | 8 | ||||
| Other income | 717 | ||||||
| Total | 306,090 | 66,384 | 372,474 | 372,089 | |||
| EXPENDITURE ON | |||||||
| Charitable activities |
|||||||
| Church activities | 368,926 | 368,926 | 340,973 | ||||
| Storehouse food bank |
39,589 | 39,589 | 34,649 | ||||
| Breakfast club and Elevate Youth | 7,325 | 7,325 | 1,010 | ||||
| Total | 368,926 | 46,914 | 415,840 | 376,632 | |||
| NET INCOME/(FAPENDITURE) | (62,836) | 19,470 | (43,366) | (4,543) | |||
| RECONCILIATION | OF FUNDS | ||||||
| Total funds brought forward |
161,645 | 8,406 | 170,051 | 174,594 | |||
| TOTAL FUNDS CARRIED FORWARD | 98,809 | 27,876 | 126,685 | 170,051 |
| 2023 | 2027 | |||||
|---|---|---|---|---|---|---|
| Unrestncted | Restricted | Total | Total | |||
| fund | funds | funds | funds | |||
| Notes | f | f. | f. | f | ||
| FIXEDASSETS | ||||||
| Tangible assets | 13 | 148,159 | 677 | 148,836 | 159,234 | |
| CURRENT ASSETS | ||||||
| Debtors | 14 | 1,467 | 1,467 | 1,371 | ||
| Cash at bank and in hand | 23,633 | 27,199 | 50,832 | 91,423 | ||
| 25,100 | 27, | 199 | 52,299 | 92,794 | ||
| CREDITORS | ||||||
| Amounts falling due within one year |
15 | (9,565) | (9,565) | (12,732) | ||
| NET CURRENT ASSETS | 15,535 | 27,199 | 42,734 | 80,062 | ||
| TOTAL ASSETSLESSCURRENT | ||||||
| LIABILI1IES | 163,694 | 27,876 | 191,570 | 239,296 | ||
| CREDITORS | ||||||
| Amounts falling due atter more than one year |
16 | (64,885) | (64,885) | (69,245) | ||
| NET ASSETS | 98,809 | ~27 | 876 | 126,685 | 170,051 | |
| FUNDS | 20 | |||||
| Unrestricted funds |
98,809 | 161,645 | ||||
| Restricted funds |
27,876 | 8,406 | ||||
| TOTAL FUNDS | 126,685 | 170,051 |
| Freehold | pmptrty | 2%on cost |
|---|---|---|
| Short leasehold | 50%on cost | |
| Fixtures | and tittings | 15%on cost |
| Computer | equipment | 15%on cost |
| DONATIONS AND LEGACIES |
||
|---|---|---|
| 2023f | 2022 8 |
|
| Donations | 253,757 | 288,880 |
| Gifi aid | 40,019 | 52,008 |
| Foodbank donations | ~53779 | ~25 058 |
| 347,555 | 365,946 |
| OTHER TRADING ACTIVITIES | ||
|---|---|---|
| 2023 | 2022 | |
| f | f | |
| lnfopoint resources | 334 | |
| Other income | 747 | 125 |
| Room hire | 4,684 | 1,950 |
| 5,43 1 | 2,409 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| f | f | ||||||
| Deposit account interest | 209 | 8 | |||||
| Income from investment | income was unrestricted | during | both the current | and previous | year. | ||
| INCOME FROM | CHARITABLE ACTIVITIES | ||||||
| 2023 | 2022 | ||||||
| f | f | ||||||
| Church activities | 19,279 | 3,009 | |||||
| Income from charitable | activities was unrestncted | during | both the current | and previous | year. | ||
| OTHER INCOME | |||||||
| 2023 | 2022 | ||||||
| f | f | ||||||
| Covid job retention | scheme | 717 |
| CHARITABLE ACTIVITIES COSTS | |||
|---|---|---|---|
| Ditect | Support | ||
| Costs (see | costs (see | ||
| note 8) f |
note 9) f |
Totals 6 |
|
| Church activities | 362.508 | 6,418 | 368,926 |
| Storehouse food bank | 39,589 | 39,589 | |
| Breakfast club and Elevate Youth | 7,325 | 7,325 | |
| 409,422 | 6,418 | ~415 840 |
| 8. | DIRECT COSTS | OF | CHARITABLE ACTIVITIES | ||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| f | f | ||||
| Staffcosts | 214,600 | 191,143 | |||
| Rates and water | 1,188 | 684 | |||
| Insurance | 5,472 | 5,089 | |||
| Light and hest | 10,028 | 12,693 | |||
| Telephone | 1,183 | 1,136 | |||
| Postage and stationery | 4,540 | 2,692 | |||
| Advertising | 805 | 370 | |||
| Sundries | 1,242 | 2,082 | |||
| Church activities costs | 38,636 | 15,060 | |||
| Donations and giving |
31,181 | 33,483 | |||
| Foodbank costs | 18,852 | 15,765 | |||
| Rent payable | 25,646 | 27,069 | |||
| Pastor expenses | 408 | 1,105 | |||
| Staffand volunteer | expenses | 16,868 | 13,409 | ||
| Hospitality | 2,452 | 2,245 | |||
| Repairs and renewals | 10,501 | 11,633 | |||
| Cleaning and sanitary |
4,136 | 6,127 | |||
| Bank charges | 1,736 | 1,494 | |||
| Subscriptions | 1,674 | 1,971 | |||
| Breakfast club and | Elevate Youth | 3,777 | 1,010 | ||
| Depreciation | ~14497 | 23,952 | |||
| 409,422 | 370,212 | ||||
| 9. | SUPPORT COSTS | ||||
| Governance | |||||
| costs | |||||
| f | |||||
| Church activities | 6,418 | ||||
| Support costs, included | in the above, are as follows: | ||||
| Governance costs |
|||||
| 2023 | 2022 | ||||
| f | f | ||||
| Independent examiners |
fees | 1,892 | 1,754 | ||
| Professional fees |
217 | 735 | |||
| Interest payable | 4,309 | 3,931 | |||
| 6,418 | 6,420 | ||||
| Page 10 | continued. .. |
| STAFFCOSTS | ||||||
|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||
| 8 | ||||||
| Wages and salaries | 199,635 | 177,476 | ||||
| Social security costs | 6,467 | 5,857 | ||||
| Other pension costs | 8,498 | 7,810 | ||||
| 214,600 | 191,143 | |||||
| The average monthly | number ofemployees | during the year was as follows: | ||||
| 2023 | 2022 | |||||
| Administration and management |
13 | 12 | ||||
| No employees received emoluments |
in excess of660,000. | |||||
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | ||||||
| Unrestricted | Restricted | Total | ||||
| fund | funds | funds | ||||
| f. | ||||||
| INCOME AND ENDOWMENTS | FROM | |||||
| Donations and legacies |
330,757 | 35,189 | 365,946 | |||
| Charitable activities |
||||||
| Church activities | 3,009 | 3,009 | ||||
| Other trading activities | 2,409 | 2,409 | ||||
| Investment income |
8 | 8 | ||||
| Other income | 717 | 717 | ||||
| Total | ~336 | 900 | 35,189 | 372,089 | ||
| EXPENDITURE ON | ||||||
| Charitable activities |
||||||
| Church activities | 340,973 | 340,973 | ||||
| Storehouse food bank Breakfast club and Elevate Youth |
34,649 ~1010 |
34,649 ~1010 |
||||
| Total | 340,973 | 35,659 | 376,632 |
| for the Year Ended 31 March 2 | for the Year Ended 31 March 2 | for the Year Ended 31 March 2 | 023 | ||||
|---|---|---|---|---|---|---|---|
| 12. | COMPARATIVES | FORTHE STATEMENT OF FINANCIAL | ACTIVITIES | - continued | |||
| Unrestricted | Restricted | Total | |||||
| lurid | funds f |
fundsf | |||||
| NET INCOME/(EXPENDITURE) | (4,073) | (470) | (4,543) | ||||
| RECONCILIATION | OF FUNDS | ||||||
| Total funds brought | forward | 165,718 | 8,876 | 174,594 | |||
| TOTAL FUNDS CARRIED FORWARD | 161,645 | 8,406 | 170,051 | ||||
| 13. | TANGIBLE FIXED | ASSETS | |||||
| Fixtures | |||||||
| Freehold | Shon | and | Computer | ||||
| property f |
leasehold I |
fittings f |
equipment f. |
Totals | |||
| COST | |||||||
| At I April 2022 |
133,359 | II.456 | 143,750 | 11,710 | 299,775 | ||
| Additions | 3.324 | 775 | 4,099 | ||||
| At 31 March 2023 | 133,359 | 11,456 | 146574 | 12,485 | ~303 874 | ||
| DEPRECIATION | |||||||
| At I April 2022 | 20,027 | 11.456 | 102.679 | 6,379 | 140,541 | ||
| Charge for year | 1,867 | 11.069 | 1,561 | ~14497 | |||
| At 31March 2023 | 21,894 | 11,456 | 113,748 | 7,940 | 155,038 | ||
| NKT BOOK VALUE | |||||||
| At 31 March 2023 | 111,465 | ~32 826 | 4,545 | 148,836 | |||
| At 31 March 2022 | 113,332 | ~40 571 | 5,331 | 159,234 | |||
| 14. | DEBTORS:AMOUNTS FALLING DUE WITHIN ONK YEAR | ||||||
| 2023 | 2022 | ||||||
| f | f | ||||||
| Prepayments and accrued income |
1,467 | 1,371 |
| Notes to the Financial State for the Year Ended 31 |
Notes to the Financial State for the Year Ended 31 |
Notes to the Financial State for the Year Ended 31 |
Notes to the Financial State for the Year Ended 31 |
ments - continued March 2023 |
|||
|---|---|---|---|---|---|---|---|
| 15. | CREDITORS: AMOUNTS FALLING DUE WITHIN | ONE YEAR | |||||
| 2023 | 2022 | ||||||
| 6 | f | ||||||
| Bank loans | and overdratts | (see note 17) | 4,015 | 4,085 | |||
| Taxation and social security | 2,106 | 2,525 | |||||
| Other creditors | 3,444 | 6.122 | |||||
| 9,565 | 12,732 | ||||||
| 16. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||
| 2023 | 2022 | ||||||
| f | |||||||
| Bank loans | (see note 17) | 64,885 | 69,245 | ||||
| 17. | LOANS | ||||||
| An analysis | ofthe maturity | ofloans is given below: | |||||
| 2023 | 2022 | ||||||
| 6 | f | ||||||
| Amounts falling due within one year on demand: |
|||||||
| Bank loans | 4,015 | 4,085 | |||||
| Amounts falling between |
one and two years: | ||||||
| Bank loans | - 1-2years | 4015 | ~4085 | ||||
| Amounts falling due between two and five years: |
|||||||
| Bank loans | - 2-5 years | 12,045 | 12,255 | ||||
| Amounts falling due in more than five years: |
|||||||
| Repayable | by instalments: | ||||||
| Bank loans | more than 5 years by instalments | 48,825 | 52,905 | ||||
| 18. | LEASING | AGREEMENTS | |||||
| Minimum | lease payments | under non-cancellable | operating | leases fall due as follows: | |||
| 2023 | 2022 | ||||||
| f | f. | ||||||
| Within one year | 14,688 | 14,688 | |||||
| Between one and five years | 6,632 | 21,320 | |||||
| 21,320 | 36,008 |
| 2023 | 2022 | ||
|---|---|---|---|
| f | |||
| Bank | loans | 68,900 | 73,330 |
| MOVEMEN | T | IN FUNDS | ||||
|---|---|---|---|---|---|---|
| Net | ||||||
| movement | At | |||||
| At | I 4.22 | in funds | 31.3.23 | |||
| f | f | |||||
| Uarestricted | funds | |||||
| General fund | 161.645 | (62,836) | 98,809 | |||
| Restricted funds | ||||||
| Storehouse | food bank | 1,540 | 15,245 | 16,785 | ||
| Breakfast club | and Elevate Youth | 6,866 | 4,225 | 11,091 | ||
| 8,406 | 19,470 | 27,876 | ||||
| TOTAL FUNDS | 170,051 | ~43,366) | 126,685 |
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended | in funds | ||
| f | 8 | |||
| Unrestricted | funds | |||
| General fund | 306.090 | (368,926) | (62,836) | |
| Restricted funds | ||||
| Storehouse food bank |
54,834 | (39,589) | 15,245 | |
| Breakfast club | and Elevate Youth | 11,550 | (7,325) | 4,225 |
| ~66384 | ~46,914) | 19,470 | ||
| TOTALFUNDS | 372.474 | (415,840) | ~43,366) |
| Net | |||
|---|---|---|---|
| movement | At | ||
| At 1.4.21 | in funds | 31.3.22 | |
| f | f | ||
| Unrestricted funds |
|||
| General fund | 165.718 | (4,073) | 161,645 |
| Restricted funds | |||
| Storehouse food bank Breakfast club and Elevate Youth |
8.876 | (7,336) ~6866 |
1,540 6,866 |
| 8,876 | ~470) | 8406 | |
| TOTAL FUNDS | 174.594 | ~4,543) | 170,051 |
| Incoming | Resources | Movement | |||
|---|---|---|---|---|---|
| resources | expended | in funds | |||
| f | E | f | |||
| Unrestricted funds |
|||||
| General fund | 336,900 | (340,973) | (4,073) | ||
| Restricted funds | |||||
| Storehouse food bank |
27.313 | (34,649) | (7,336) | ||
| Breakfast club and Elevate | Youth | 7.876 | ~1010) | 6,866 | |
| 35.189 | ~35,659) | ~470) | |||
| TOTALFUNDS | 372,089 | ~376,632) | ~4,543) | ||
| A current year 12 months | and prior year 12 months | combined | position is as follows: |
||
| Net | |||||
| movement | At | ||||
| At 1.4.21 | in funds | 31.3.23 | |||
| f | f | ||||
| Unrestricted funds |
|||||
| General fund | 165.718 | (66,909) | 98,809 | ||
| Restricted funds | |||||
| Storehouse food bank | 8.876 | 7,909 | 16.785 | ||
| Breakfast club and Elevate Youth | 11,091 | 11,091 | |||
| ~8876 | 19,000 | ~27 876 | |||
| TOTAL FUNDS | 174.594 | (47,909) | 126.685 |
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources f |
expended f |
in funds f |
|
| Uarestricted funds |
|||
| General fund | 642.990 | (709,899) | (66,909) |
| Restricted funds | |||
| Storehouse food bank | 82,147 | (74,238) | 7,909 |
| Breakfast club and Elevate Youth | 19,426 | ~8,335) | 11,091 |
| 101,573 | ~82,573) | ~19000 | |
| TOTAL FUNDS | 744,563 | ~792,472) | ~47,909) |