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2021-03-31-accounts

Restricted Unrestricted TOTAL TOTAL
funds funds 2021 2020
Notes E E E E
INCOME
Donations
and legacies		 334,094 896,352 1,230,446 1,246,060
Trading Income 7,992 7,992 15,338
Investment
income		 232 232 330
Other income - CIRS 24,945 24,945
Assets gifted from Guildford Community Church 164,448
TOTAL INCOME 334,094 929,521 1,263,615 1,426,176
EXPENDITURE
Charitobie activities 282,668 793,620 1,076,288 1,185,289
TOTAL EXPENDITURE 282,668 793,620 1,076,288 1,185,289
NET INCOME FOR YEAR 51,426 135,901 187,327 240,887
Gain on disposal offreehold property 56,056
Transfers between
funds		 (12,000) 12,000
NET MOVEMENT
IN FUNDS		 39,426 147,901 187,327 296,943
Fund balances at 1April 2020 294,339 710,589 1,004,928 707,985
FUND BALANCES AT31MARCH 2021 333,765 858,490 1,192,255 1,004,928

2021 2020
Notes E E
FIXEDASSETS
Tangible assets 670,345 677,245
CURRENT ASSETS
Stock 17,177
Debtors 14,474 31,180
Cash at bank and in hand 868,884 702,049
900,535 733,229
CREDITORS; amounts falling
due within one year (25,146) (43,149)
NET CURRENT ASSETS 875,389 690,080
TOTAL ASSETS LESSCURRENT LIABILITIES 1,545,734 1,367,325
CREDITORS: amounts falling due
after one year (353,479) (362,397)
NET ASSETS 1,192,255 1,004,928
FUNDS
Restricted funds 10 333,765 294,339
Unrestricted
funds - General		 11 352,788 181,300
Unrestricted
funds - Designated		 11 505,702 529,289
TOTAL FUNDS 1,192,255 1,004,928

CASHFLOW STATEMENT FOR THE YEAR ENDE D 91MARC H 2021
2021 2020
Notes
NET CASH FLOW PROVIDED BYOPERATING ACTIVITIES 203,071 279,964
CASH FLOWS FROM INVESTING ACTIVITIES
Interest received 232 330
Fixed asset additions (29,535) (15,284)
Proceeds from sale offixed assets 1,500 169,259
CASH FLOWS FROM FINANCING
ACTIVITIES
Repayments
ofborrowing		 (8,433) (49,740)
NET CASH FLOW 166,835 384,529
Change
in cash and cash equivalents
in the period		 166,835 384,529
Cash and cash equivalent
at start ofthe period		 702,049 317,520
Cash and cash equivalents
at the end ofthe period		 868,884 702,049

2021 2020
Notes
Net income for the year 187,327 240,887
Interest received (232) (330)
Depreciation 35,239 32,005
Profit on disposal offixed assets (304) 1,489
Decrease in debtors 16,706 4,886
(Decrease)/increase
in creditors		 (18,488) 1,028
(Increase) in stock (17,177)
Net cash flow from operating activities 203,071 279,964
2 ANALYSIS OF CASH AND CASH EQUIVALENTS
2020
Cash at bank and in hand 3 888,884 702,049
ANALYSIS OF CHANGES IN NET DEBT At At31
1April 2020 Cash flows 31March 2021
Cash at bank and in hand 702,049 166,835 868,884
Debt due within one year (8,663) (485) (9,148)
Debt due after one year (362,397) 8,918 (353,479)
330,989 175,268 506,257

STAFF COSTS 2021 2020
E E
Salaries and wages 484,240 467,199
Social security costs 22,903 21,781
Pension contributions 14,384 12,916
521,527 501,896
2021 2020
Number Number
Pastors 11 11
Administration 10 10
Community 3 3
Youth 2 2
Facilities 1 1
27 27

EXPENDITURE Restricted Unrestricted Total Total
funds funds 2021 2020
E E E E
Costs directly allocated to activities
Wages and salaries (see note 3) 33,480 488,047 521,527 501,896
Grants and donations (see note 5) 189,275 66,162 255,437 162,606
Motor expenses 3,138 6,226 9,364 16,838
Hire ofhalls and storage 13,607 28,995 42,602 134,097
Meeting expenses 24,998 15,363 40,361 118,923
Publicity 205 205 1,382
Hospitality 95 3,282 3,377 23,871
Travel and subsistence 864 864 309
Telephone 6,118 6,118 6,006
Printing,
postage and		 stationery 1,582 20,745 22,327 37,542
Stock and consumables 3,419 3,419 6,471
Property depreciation 15,083 15,083 15,083
Motor depreciation 5,719 5,719 3,417
(Loss)/Profit on disposal offixed assets (304) (304) 1,489
266,175 659,924 926,099 1,029,930
Support costs allocated to activities
Office expenses 2,946 41,973 44,919 50,262
Fees and subscriptions 1,224 2,919 4,143 3,716
Insurance 14,545 14,545 15,239
Legal and professional fees 960 960 3,429
Repairs and maintenance 11,747 27,591 39,338 34,751
Bank charges 576 4,798 5,374 5,228
Loan interest 20,653 20,653 23,199
Equipment
depreciation		 10,946 10,946 10,315
Computer
equipment		 depreciation 3,491 3,491 3,190
Audit and accountancy 5,820 5,820 6,030
16,493 133,696 150,189 155,359
TOTAL EXPENDITURE 282,668 793,620 1,076,288 1,185,289

Gift and donations
made
in the year totalled 6255,437(20		 20:6162,606). Gifts over E1,000per institution
are as		 follows:
2021 2020
E E
Angel Home 4,634 13,394
Synergy 6,000
Just One Church 1,000
Great Big Life 3,000 3,000
Stella's Voice 5,000 1,141
Assemblies ofGod 20,000 3333
Freehold Motor Fixtures Computer
property vehicles aequipment equipment Total
E E E E E
COST
At beginning ofyear 754,109 21,800 246,675 21,160 1,043,744
Additions 12,625 12,127 4,783 29,535
Disposals (1,615) (985) (2,600)
At end ofyear 754,109 34,425 257,187 24,958 1,070,679
DEPRECIATION
At beginning ofyear 111,436 11,547 225,716 17,800 366,499
Charge for the year 15,083 5,719 10,946 3,491 35,239
On disposals (754) (650) (1,404)
At end ofyear 126,519 17,266 235,908 20,641 400,334
NET BOOK VALUE
At end ofyear 627,590 17,159 21,279 4,317 670,345
At beginning ofyear 642,673 10,253 20,959 3,360 677,245
7 DEBTORS 2021 2020
E E
Income tax recoverable 12,471 22,694
Prepayments and accrued income 1,003 687
Other debtors 1,000 7,799
14,474 31,180

RESTRICTED FU NDS
Balance at Balance at
1April 2020 Income Expenditure Transfers 31March 2021
E E E E
Buildings and Facilities
Building Fund 207,441 1,000 (2,949) 205,492
Church Growth and Vision Fund 48,116 35,276 (37,541) 45,851
Missions
Family Church Global Outreach 3,451 53,006 (45,727) 10,730
Mission Trips 2,326 2,390 (1,022) 3,694
Community
Projects
Caring Hands 2,915 61,682 (49,495) 15,102
Baby Basics 56,166 (27,399) 28,767
Community
Funday		 6,917 2,925 (5,901) 3,941
Barclays COVID project 100,258 (78,704) (12,000) 9,554
Projects for Young People
Momentum 2,646 1,983 (1,791) 2,838
Supporting
Family		 Church People
Widows Fund 1,736 (745) 991
Ladies ministry 7,600 (7,600)
Mens ministry 873 (873)
Leadership
Events
Empower Conference 1,196 980 (2,176)
Empower Bible Academy 1,188 13,555 (11,363) 3,380
Love Portsmouth (Jesus) App 4,000 (575) 3,425
Eternity Church
Vision Fund 8,138 (8,138)
Jacob's Well
Vision Fund 669 (669)
294,339 334,094 (282,668) (12,000) 333,765

11 UNRESTRICTED FUNDS At At
1April Transfer of 31March
2020 Income Expenditure funds 2021
E E E E E
Guildford
rebranding		 1,014 (1,014)
Gulldford
office &youth refurbishment		 1,193 (1,193)
EST1825(Guildford) 14,730 (14,730)
Bridgemary
Building
Fund		 63,291 (18,291) 45,000
Portsmouth
Building Fund		 13,000 13,000
Guildford
Community
Church Cafg		 112,600 112,600
GCC Fund 51,848 51,848
Church Growth and Vision Fund 18,291 18,291
Property capital fund 271,613 (35,882) 29,232 264,963
Total designated
funds		 529,289 (35,882) 12,295 505,702
General funds 181,300 929,521 (757,738) (295) 352,788
Total unrestricted
funds		 710,589 929,521 (793,620) 12,000 858,490
Included
in
unrestricted		 funds are monies set aside by the Trustees towards future projects
that		 the Trustees
and
management
dedde to undertake		 within the objects ofthe charity.
The Bridgemary
(Gosport)		 Building Fund
and		 Poitsmouth Building Fund each represent funds for the development
of a
building for the respective congregation.
The Guildford
Community		 Church Cafg fund was transferred to Family Church when Guildford Community Church closed. It
remains designated
for use		 by Family Church within the Guildford area.
The GCC Fund represents general funds transferred
to Family Church		 when Guildford Community Church closed.
The Church
Growth
and Vision Fund		 represents funds raised periodically towards the continued growth of the church. These
donations
are used for resourcing		 spedfic community outreach projects, for purchasing equipment,
and		 for activities that
facilitate growth.
10SSof		 funds raised by each congregation are directed toward the national growth
fund for projects that
impact the whole church rather than a specific congregation.
The Property
Capital
Fund		 represents the net book value of the freehold property less the outstanding bank loan at the
Balance Sheet date.
12 ANALYSIS OF NET ASSETS BETVYEEN FUNDS
Restricted Unrestricted TOTAL
funds funds 2020
Year ended 32 March 2021 E E E
Tangible fixed assets 670,345 670,345
Current assets 333,765 566,770 900,535
Current
liabilities		 (25,146) (25,146)
Long term liabilities (353,479) (353,479)
333,765 858,490 1,192,255

Restricted Unrestricted TOTAL
funds funds 2020
Year ended 31March 2020 E E E
Tangible fixed assets 677,245 677,245
Current assets 294,339 438,890 733,229
Current liabilities (43,149) (43,149)
Long term liabilities (362,397) (362,397)
294,339 710,589 1,004,928

The company
has commitments		 under operating leases which fall due as follows: 2021 2020
E E
Within one year 37,659 35,810
After more than one year 143,603 163,968
181,261 199,778

Restricted Unrestricted TOTAL
funds funds 2020
Notes E E f
INCOME
Donations
and legacies		 288,026 958,034 1,246,060
Trading income 15,338 15,338
Investment
income		 330 330
Assets gifted from Guildford Community Church 164,448 164,448
TOTAL INCOME 288,026 1,138,150 lp426,176
EXPENDITURE
Charitable
octivities		 289,005 896,284 1,185,289
TOTAL EXPENDITURE 289,005 896,284 1,185,289
NET INCOME/(EXPENDITURE) FOR YEAR (979) 241,866 240,887
Gain on disposal offreehold property 56,056 56,056
Transfers between
funds		 49,801 (49,801)
NET MOVEMENT
IN FUNDS		 48,822 248,121 296,943
Fund balances at 1April 2019 245,517 462,468 707,985
FUND BALANCES AT31MARCH 2020 294,339 710,589 1,004,928

18 PRIOR YEAR FUND MOVEMENTS PRIOR YEAR FUND MOVEMENTS PRIOR YEAR FUND MOVEMENTS
RESTRICTED FUNDS
Balance at Balance at
1April 2019 Income Expenditure Transfers 31March 2020
E E E E E
Buildings
and Facilities
Building Fund 130,034 31,846 (4,439) 50,000 207,441
Church Growth and Vision Fund 66,196 51,675 (69,755) 48,116
Trade Connections 199 (199)
Missions
Family Church Missions Fund 8,931 53,325 (58,805) 3,451
Mission Trips 518 33,248 (31,440) 2,326
Community
Projects
Food Bank and Homeless Outreach 2,625 17,342 (17,052) 2,915
Adopt a Block and Fun Days 4,973 23,034 (21,090) 6,917
Projects for Young People
Momentum 1,191 30,893 (29,438) 2,646
Supporting
Family Church People
Widows Fund 3,237 (1,501) 1,736
Ladies ministry 11,609 8,865 (15,588) 2,714 7,600
Mens ministry 11,767 (11,767)
Shine 2,755 123 (164) (2,714)
Leadership
Events
Empower Conference 2,866 11,219 (12,889) 1,196
Discipleship
(Faith works)		 486 14,689 (13,987) 1,188
Eternity Church
Vision Fund 9,128 (990) 8,138
Jacob's Well
Vision Fund 769 (100) 669
245,517 288,026 (289,005) 49,801 294,339
UNRESTRICTED FUNDS At At
1April Transfer of 31March
2019 Income Expenditure funds 2020
E E 6 E E
Guildford
rebranding		 1,014 1,014
Guildford
office &youth refurbishment		 1,193 1,193
EST1825(Guildford) 14,730 14,730
Bridgemary
Building		 Fund 63,291 63,291
Portsmouth
Building		 Fund 13,000 13,000
Gugdford
Community		 Church Cafe 112,600 112,600
GCC Fund 51,848 51,848
Property capital fund 345,677 56,056 (38,282) (91,838) 271,613
Total designated
funds		 362,614 220,504 (38,282) (15,547) 529,289
General funds 99,854 973,702 (858,002) (34,254) 181,300
Total unrestricted
funds		 462,468 1,194,206 (896,284) (49,801) 710,589