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##
||||||Restricted|Unrestricted|TOTAL|TOTAL|
|---|---|---|---|---|---|---|---|---|
||||||funds|funds|2023|2022|
|||||Notes|E|E|E|E|
|INCOME|||||||||
|Donations
and legacies|||||546,535|927,312|1,473,847|1,066,037|
|Trading income||||||12,629|12,629|12,664|
|Investment
income||||||1,326|1,326|348|
|TOTAL INCOME|||||546p535|941267|1~487i802|1~079049|
|EXPENDITURE|||||||||
|Charitable activities|||||538,255|921,232|1,459,487|1,195,653|
|TOTAL EXPENDITURE|||||538,255|921,232|1,459,487|1,195,653|
|NET INCOME/(EXPENDITURE)|||FORYEAR||8,280|20,035|28,315|(116,604)|
|Transfers between||funds|||||||
|NET MOVEMENT|IN FUNDS||||8,280|20,035|28,315|(116,604)|
|Fund balances at|1|April 2022|||365,541|710,110|1,075,651|1,192,255|
|FUND BAlANCES|AT31MARCH 2023||||373,821|730,145|1,103,966|1,075,651|
##
##
|BALANCE SHE|ET|AS AT31MARCH|2023|||||
|---|---|---|---|---|---|---|---|
||||||||2022|
||||Notes||||E|
|FIXEDASSETS||||||||
|Tangible assets|||||638,298||638,752|
|CURRENTASSETS||||||||
|Stock||||36,270||20,163||
|Debtors||||29,554||28,239||
|Cash at bank and in hand||||754,778||759,757||
|||||820,602||808,159||
|CREDITORS: amounts||falling||||||
|due within|one year|||(24,547)||(27,189)||
|NET CURRENT ASSETS|||||796,055||780,970|
|TOTAL ASSETS LESSCURRENT LIABILITIES|||||1,434,353||1,419,722|
|CREDITORS: amounts||falling due||||||
|after one|year||10||(330,387)||(344,071)|
|NETASSETS|||||1,103,966||1,075,651|
|FUNDS||||||||
|Restricted funds|||11||373,821||365,541|
|Unrestricted
funds|- General||12||334,627||283,812|
|Unrestricted
funds|- Designated||12||395,518||426,298|
|TOTAL FUNDS|||||1,103,966||1,075,651|
##
##
|CASHFLOW STATEMENT FOR THE YEAR ENDE|D 31MARCH|2023||
|---|---|---|---|
|||2023|2022|
||Notes|||
|NET CASH FLOW PROVIDED BYOPERATING ACTIVITIES||37,675|(83,896)|
|CASH FLOWS FROM INVESTING ACTIVITIES||||
|Interest received||1,326|348|
|Fixed asset additions||(19,603)|(11,063)|
|Proceeds from sale offixed assets||7,040|14,605|
|CASH FLOWS FROM FINANCING
ACTIVITIES||||
|Repayments
of borrowing||(12,940)|(8,896)|
|Interest paid||(18,477)|(20,225)|
|NET CASH FLOW||(4,979)|(109,127)|
|Change
in cash and cash equivalents
in the period||(4,979)|(109,127)|
|Cash and cash equivalent
at start ofthe period||759,757|868,884|
|Cash and cash equivalents
at the end ofthe period||754,778|759,757|
##
##
|||||||2023||2022|
|---|---|---|---|---|---|---|---|---|
|||||Notes|||||
||Net income/(expense)||for the|year||28,315||(116,604)|
||Interest received|||||(1,326)||(348)|
||Interest paid|||||18,477||20,225|
||Depreciation|||||19,267||28,366|
||Profit on disposal of|fixed assets||||(6,250)||(315)|
||(Increase)/decrease|in|debtors|||(1,315)||(13,765)|
||Increase/(decrease)|in|creditors|||(3,386)||1,531|
||Increase
in stock|||||(16,107)||(2,986)|
||Net cash flow from operating|||activities||37,675||(83,896)|
|2|ANALYSIS OF CASH AND CASH|||EQUIVALENTS|||||
|||||||2023||2022|
||Cash at bank and in hand|||||754,778||759,757|
|3|ANALYSIS OF CHANGES||IN NET DEBT||At||Other non-|At 31|
||||||1April 2022|Cash flows|cash changes|31March 2023|
||Cash at bank and in hand||||759,757|(4,979)||754,778|
||Debt due within one|year|||(9,660)|(31,417)|30,673|(10,404)|
||Debt due after one year||||(344,071)||13,684|(330,387)|
||||||406,026|(36,396)|44,357|413,987|
##
##
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##
##
##
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##
##
##
##
##
|DONATIONS AND LEGACIES|DONATIONS AND LEGACIES|Restricted|Unrestricted|TOTAL|TOTAL|
|---|---|---|---|---|---|
|||funds|funds|2023|2022|
|||E|E|E|E|
|Cash donations|and legacies|148,078|788,924|937,002|829,267|
|Gift Aid recoverable||13,809|138,388|152,197|135,544|
|Grants||157,332||157,332|73,506|
|Donations
in kind||227,316||227,316|27,720|
|TOTAL DONATIONS AND LEGACIES||546,535|927,312|1,473,847|1,066,037|
|STAFF COSTS||||2023|2022|
|||||E|E|
|Salaries and wages||||528,117|492,808|
|Social security costs||||25,812|24,569|
|Pension contributions||||15,595|15,640|
|||||569,524|533,017|
||2023|2022|
|---|---|---|
||Number|Number|
|Pastors|11|10|
|Administration|9|8|
|Community|3|3|
|youth|2|2|
|Facilities|1|1|
||26|24|
##
##
##
|EXPENDITURE||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|2023|2022|
|||E|E|E|E|
|Costs directly allocated to activities||||||
|Wages and salaries (see note 4)||48,164|521,360|569,524|533,017|
|Grants and donations|(see note 6)|424,022|71,493|495,515|265,621|
|Motor expenses||2,576|6,020|8,596|8,706|
|Hire of halls and storage||1,179|77,370|78,549|76,015|
|Meeting expenses||40,775|73,172|113,947|90,988|
|Publicity||268|2,709|2,977|1,152|
|Hospitality||495|15,679|16,174|8,314|
|Travel and subsistence|||499|499|229|
|Telephone||133|4,918|5,051|4,962|
|Printing,
postage and|stationery|1,498|16,613|18,111|17,070|
|Stock and consumables|||||1,116|
|Property depreciation|||5,852|5,852|15,083|
|Motor depreciation|||2,665|2,665|3,554|
|Profit on disposal offixed assets|||(6,250)|(6,250)|(315)|
|||519,110|792,100|1,311,210|1,025,512|
|Support costs allocated to activities||||||
|Office expenses|||37,688|37,688|35,870|
|Fees and subscriptions|||5,848|5,848|4,872|
|Insurance|||12,221|12,221|13,938|
|Legal and professional|fees|518|2,670|3,188|37,872|
|Repairs and maintenance||17,299|29,398|46,697|36,564|
|Bank charges||1,328|3,986|5,314|5,231|
|Loan interest|||18,477|18,477|20,225|
|Equipment
depreciation|||9,347|9,347|7,596|
|Computer
equipment|depreciation||1,403|1,403|2 133|
|||19,145|121,038|140,183|164,301|
|Governance||||||
|Audit and accountancy|||8,094|8,094|5,840|
||||8,094|8,094|5,840|
|TOTAL EXPENDITURE||538,255|921,232|1,459,487|1,195,653|
##
|E242,982to individuals.
Gifts over E1,000 per institution
a|re as follows:||
|---|---|---|
||2023|2022|
||E|E|
|Angel Home|13,500|8,000|
|Sonrise Church||2,000|
|Great Big Life|3,000|3,000|
|Stella's Voice|3,969|10,025|
|Assemblies ofGod|20,740|20,000|
||||Freehold|Motor|Fixtures|Computer||
|---|---|---|---|---|---|---|---|
||||property|vehicles|&equipment|equipment|Total|
||||E|E|E|E||
||COST|||||||
||At beginning|ofyear|754,109|25,125|64,759|12,627|856,620|
||Additions||||18,644|959|19,603|
||Disposals||||(988)||(988)|
||At end ofyear||754,109|25,125|82,415|13,586|875,235|
||DEPRECIATION|||||||
||At beginning|ofyear|141,602|14,463|50,592|11,211|217,868|
||Charge for the year||5,852|2,665|9,347|1,403|19,267|
||On disposals||||(198)||(198)|
||At end ofyear||147,454|17,128|59,741|12,614|236,937|
||NET BOOK VALUE|||||||
||At end ofyear||606,655|7,997|22,674|972|638,298|
||At beginning|ofyear|612,507|10,662|14,167|1,416|638,752|
|8|DEBTORS|||||2023|2022|
|||||||E|E|
||Income tax|recoverable||||13,504|11,916|
||Prepayments|and accrued income||||11,925|14,909|
||Other debtors|||||4,125|1,414|
|||||||29,554|28,239|
##
##
##
##
|NOTES TO THE A|CCOUNTS FOR THE YEAR ENDED 31MARCH|2023||
|---|---|---|---|
|CREDITORS: amounts|falling due within one year|2023|2022|
|||E|E|
|Bankloans||10,404|9,660|
|Other creditors||1,597|6,905|
|Accruals and deferred|income|12,546|10,624|
|||24,547|27,189|
|CREDITORS: amounts|falling due after more than one year|2023|2022|
|||E|E|
|Bankloans||330,387|344,071|
##
##
|RESTRICTED FUN|DS||||||
|---|---|---|---|---|---|---|
|||Balance at||||Balance at|
|||1April 2022|Income|Expenditure|Transfers|31March 2023|
|||E|E|E|E|E|
|Buildings and Facilities|||||||
|Building Fund||205,492|11,143|(259)||216,376|
|Church Growth and Vision Fund||66,495|50,221|(63,039)||53,677|
|Missions|||||||
|Family Church Global Outreach||18,201|41,443|(50,460)||9,184|
|Community
Projects|||||||
|Caring Hands||34,545|148,431|(125,457)||57,519|
|Baby Basics||13,374|223,809|(215,389)||21,794|
|Community
Funday||3,716|5,182|(6,788)||2,110|
|PCCSchool meals and food hampers||1,542||(1,542)|||
|SEN||5,000||(2,240)||2,760|
|Connect4Communities||9,603|14,000|(23,035)||568|
|Kickstart||2,356|6,240|(8,557)||39|
|Projects for Young|People||||||
|Momentum||1,358|21,545|(21,515)||1,388|
|Supporting
Family|Church People||||||
|Ladies ministry||2,234|11,051|(12,797)||488|
|Mens ministry|||1,170|(1,170)|||
|Leadership
Events|||||||
|Love Portsmouth|(iesus) App|1,625||(1,500)||125|
|One Body Coordinator|||9,800|(2,007)||7,793|
|Gift for Steuart &Car(a Payne|||2,500|(2,500)|||
|||365,541|546,535|(538,255)||373,821|
##
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##
|ANALYSIS OF NET ASSETS BETVYEEN FUNDS||||
|---|---|---|---|
||Restricted|Unrestricted|TOTAL|
||funds|funds|2023|
|year ended 31Morch 2023|E|E|E|
|Tangible fixed assets||638,298|638,298|
|Current assets|373,821|446,781|820,602|
|Current liabilities||(24,547)|(24,547)|
|Long term liabilities||(330,387)|(330,387)|
||373,821|730,145|1,103,966|
##
##
##
##
|||Restricted|Unrestricted|TOTAL|
|---|---|---|---|---|
|||funds|funds|2022|
|Year ended 31March 2022||E|E|E|
|Tangible|fixed assets||638,752|638,752|
|Current|assets|365,541|442,618|808,159|
|Current|liabilities||(27,189)|(27,189)|
|Long term liabilities|||(344,071)|(344,071)|
|||365,541|710,110|1,075,651|
##
|The company
has commitments|under operating|leases which fall due as follows:|2023|2022|
|---|---|---|---|---|
||||E|E|
|Within one year|||20,079|20,079|
|After more than one year|||104,316|122,759|
||||124,394|142,838|
##
##
##
##
##
##
|||||Restricted|Unrestricted|TOTAL|
|---|---|---|---|---|---|---|
|||||funds|funds|2022|
||||Notes|E|E|E|
|INCOME|||||||
|Donations
and legacies||||280,427|785,610|1,066,037|
|Trading income|||||12,664|12,664|
|Investment
income|||||348|348|
|TOTAL INCOME||||280,427|798,622|1,079,049|
|EXPENDITURE|||||||
|Chori table activities|||5|248,651|947,002|1,195,653|
|TOTAL EXPENDITURE||||248,651|947,002|1,195,653|
|NET INCOME/(EXPENDITURE)||FOR YEAR||31,776|(148,380)|(116,604)|
|NET MOVEMENT|IN FUNDS|||31,776|(148,380)|(116,604)|
|Fund balances at|1April 2021|||333,765|858,490|1,192,255|
|FUND 8ALANCES|AT31MARCH 2022|||365,541|710,110|1,075,651|
##
##
##
##
##
|||||Balance at||||Balance at|
|---|---|---|---|---|---|---|---|---|
|||||1April 2021|Income|Expenditure|Transfers|31March 2022|
|||||E|E|E|E|E|
|Buildings and Facilities|||||||||
|Building
Fund||||205,492||||205,492|
|Church Growth||and Vision Fund||45,851|71,211|(50,567)||66,495|
|Missions|||||||||
|Family Church|Missions Fund|||10,730|61,339|(53,868)||18,201|
|Mission Trips||||3,694||(3,694)|||
|Community
Projects|||||||||
|Caring Hands||||15,102|44,519|(39,489)|14,413|34,545|
|Baby Basics||||28,767|16,805|(17,785)|(14,413)|13,374|
|Community
funday||||3,941|5,408|(5,633)||3,716|
|Barclays COVID||project||9,554|180|(9,734)|||
|PCC School Meals and food hampers|||||6,000|(4,458)||1,542|
|SEN|||||5,000|||5,000|
|Connect4Communities|||||22,145|(12,542)||9,603|
|Kickstart|||||10,189|(7,833)||2,356|
|Projects for young||People|||||||
|Momentum||||2,838|21,570|(23,050)||1,358|
|Supporting
Family||Church People|||||||
|Widows Fund||||991||(991)|||
|Ladies ministry|||||4,398|(2,164)||2,234|
|Mens ministry|||||10,863|(10,863)|||
|Leadership
Events|||||||||
|Empower
Bible|Academy|||3,380|800|(4,180)|||
|Love Portsmouth||(lesus) App||3,425||(1,800)||1,625|
|||||333,765|280,427|(248,651)||365,541|
|UNRESTRICTED||FUNDS||At||||At|
|||||1April|||Transfer of|31March|
|||||2021|Income|Expenditure|funds|2022|
|||||E|E|E||E|
|Bridgemary
Building|||Fund|45,000||||45,000|
|Portsmouth
Building|||Fund|13,000||||13,000|
|National
Family||Church Future Fund||112,600||(86,502)||26,098|
|GCC Fund||||51,848|||(51,848)||
|Gosport Building||Fund||||(3,986)|51,848|47,862|
|Church Growth|and Vision Fund|||18,291||||18,291|
|Portsmouth
Local Fund|||||19,317|(2,046)||17,271|
|Property capital||fund||264,963||(35,429)|29,242|258,776|
|Total designated||funds||505,702|19,317|(127,963)|29,242|426,298|
|General funds||||352,788|779,305|(819,039)|(29,242)|283,812|
|Total unrestricted||funds||858,490|798,622|(947,002)||710,110|