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||||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|
##
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##
|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|
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|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|
##
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|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|
##
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##
|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|
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|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|
##
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##
##
|||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|
##
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||||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|