| Page | ||||
|---|---|---|---|---|
| Trustees' annual report |
||||
| independent examiner's report |
to the trustees | 10 | ||
| Statement offinancial |
activities | |||
| Statement offinancial | position | 12 | ||
| Notes to the financial | statements | 13 | ||
| The following pages |
do not form part of | the financial statements | ||
| Detailed statement offinancial activities |
23 | |||
| Notes to the detailed | statement | offinancial | activities | 25 |
| Y | Y | ear ended 31 D | ear ended 31 D | ecember | 2021 | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| The trustees present ended 31 December |
their report 2021. |
and the unaudited | financial | statements | of | the charity | for the year | |||
| Reference and administrative | details | |||||||||
| Registered | charity name | Kingsway | Christian | Fellowship | ||||||
| Charity registration | number | 1065048 | ||||||||
| Principal office | Kingsway | Christian | Centre | |||||||
| Church Road | ||||||||||
| Waterloo | ||||||||||
| Liverpool | ||||||||||
| L22 5NA | ||||||||||
| The trustees | ||||||||||
| Ms K Hutton | (Retired | 8 | June 2022) | |||||||
| Mrs RA Ferns | ||||||||||
| Mr P Bentley | (Appointed | 8June 2022) | ||||||||
| Independent | examiner | Mr G Mattocks FCA | ||||||||
| 18Mulberry | Avenue | |||||||||
| Tumstone | Business | Park | ||||||||
| Widnes | ||||||||||
| Cheshire | ||||||||||
| WA8 OWN |
| Yea | r e | nded | 31 Decemb | er 2021 | ||||
|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||||
| Unrestricted | Restricted | |||||||
| funds | funds | Totalfunds | Total funds | |||||
| Note | 6 | 6 | 6 | |||||
| Income and endowments | ||||||||
| Donations and legacies |
4 | 103,169 | 103,169 | 109,985 | ||||
| Charitable activities |
5 | 700 | 700 | 480 | ||||
| Other trading activities |
6 | 6 | 6 | 4,045 | ||||
| Investment income |
7 | 10 | 10 | 41 | ||||
| Other income | 8 | 18,785 | 18,785 | 26,426 | ||||
| Total income | 122,670 | 122,670 | 140,977 | |||||
| Expenditure | ||||||||
| Expenditure on charitable |
activities | 9,10 | 135,798 | 57 | 135,855 | 143,021 | ||
| Total expenditure | 135,798 | 57 | 135,855 | 143,021 | ||||
| Net gains/(losses) on investments |
12 | 54 | (108) | |||||
| Net expenditure and net |
movement | in | ||||||
| funds | (13,074) | (57) | (13,131) | (2,152) | ||||
| Reconciliation offunds |
||||||||
| Total funds brought | forward | 473,167 | 835 | 474,002 | 476,154 | |||
| Total funds carried | forward | 460,093 | 778 | 460,871 | 474,002 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Note | 6 | 6 | ||||
| Fixed assets | ||||||
| Tangible fixed assets | 17 | 405,008 | 416,916 | |||
| Investments | 18 | 284 | 230 | |||
| 405,292 | 417,146 | |||||
| Current assets | ||||||
| Debtors | 19 | 1,290 | 1,332 | |||
| Cash at bank and in | hand | 56,264 | 57,838 | |||
| 57,554 | 59,170 | |||||
| Creditors: amounts | falling due within one year | 20 | 1,975 | 2,314 | ||
| Net current assets | 55,579 | 56,856 | ||||
| Total assets less current | liabilities | 460,871 | 474,002 | |||
| Net assets | 460,871 | 474,002 | ||||
| Funds ofthe charity | ||||||
| Restricted funds |
778 | 835 | ||||
| Unrestricted funds |
460,093 | 473,167 | ||||
| Total charity funds | 22 | 460,871 | 474,002 |
| 4. | Donations | Yea and legacies |
r ended 31 Decem | ber 2021 | ||
|---|---|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
| Funds | 2021 5 |
Funds f |
2020 F |
|||
| Donations | ||||||
| Offerings | 101,468 | 101,468 | 108,003 | 108,003 | ||
| Donations | 1,527 | 1,627 | 1,982 | 1,982 | ||
| Legacies | ||||||
| Legacies | 74 | |||||
| 103,169 | 103,169 | 109,985 | 109,985 | |||
| 5. | Charitable | activities | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
| Funds | 2021 | Funds | 2020 | |||
| 5 | F | |||||
| Centre Hire | 700 | 700 | 450 | 450 | ||
| CDs/Books/Drinks | 30 | 30 | ||||
| 700 | 7OO | 480 | 480 | |||
| 6. | Other trading activities | |||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
| Funds | 2021 | Funds | 2020 | |||
| 8 | 5 | 5 | ||||
| Fundraising | events | 6 | 6 | 4,045 | 4,045 | |
| 7. | Investment | income | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
| Funds | 2021 | Funds | 2020 | |||
| 8 | F | |||||
| Bank interest receivable | 6 | 6 | 41 | 41 | ||
| Dividends | 4 | 4 | ||||
| 10 | 10 | 41 | 41 | |||
| 8. | Other income | |||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||
| Funds | 2021 | Funds | 2020 | |||
| 5 | 5 | E | ||||
| Gift Aid | 18,785 | 18,785 | 26,426 | 26,426 |
| 9. | Expenditure | o | n | charitable | activities | by fund t | ype | |||
|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||||||||
| Funds | Funds | 2021 | ||||||||
| 6 | 5 | |||||||||
| Direct Charitable | Activity | 133,897 | 57 | 133,954 | ||||||
| Support costs | 1,901 | 1,901 | ||||||||
| 135,798 | 135,855 | |||||||||
| Unrestricted | Restricted | Total Funds | ||||||||
| Funds | Funds | 2020 | ||||||||
| 6 | 5 | |||||||||
| Direct Charitable | Activity | 139,022 | 2,029 | 141,051 | ||||||
| Support costs | 1,970 | 1,970 | ||||||||
| 140,992 | 2,029 | 143,021 | ||||||||
| 10. | Expenditure | on charitable | activities | by activity | type | |||||
| Activities | ||||||||||
| undertaken | Support | Totalfunds | Total fund | |||||||
| directly | costs | 2021 | 2020 | |||||||
| 5 | ||||||||||
| Direct Charitable | Activity | 133,954 | 133,954 | 141,051 | ||||||
| Governance | costs | 1,901 | 1,901 | 1,970 | ||||||
| 133,954 | 1,901 | 135,855 | 143,021 | |||||||
| 11. | Analysis of | support costs | ||||||||
| Analysis of | ||||||||||
| support costs | Total 2021 | Total 2020 | ||||||||
| 5 | 5 | |||||||||
| Finance costs | 101 | 101 | 170 | |||||||
| Governance | costs | 1,800 | 1,800 | 1,800 | ||||||
| 1,901 | 1,901 | 1,970 | ||||||||
| 12. | Net gains/(losses) | on investments | ||||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | |||||||
| Funds | 2021 5 |
Funds | 2020 f |
|||||||
| Gains/(losses) | on | listed investments | 54 | 54 | (108) | (108) | ||||
| 13. | Net expenditure | |||||||||
| Net expenditure | is | stated after charging/(crediting): | ||||||||
| 2021 | 2020 | |||||||||
| F | ||||||||||
| Depreciation | oftangible fixed |
assets | 11,908 | 13,366 |
| Staff costs | ||||
|---|---|---|---|---|
| The total staff costs and | employee | benefits for the reporting | period are analysed as | follows: |
| 2021 | 2020 | |||
| F | ||||
| Wages and salaries | 89,345 | 85,855 | ||
| Social secunty costs | 2,238 | 1,814 | ||
| Employer contributions | to pension | plans | 1,814 | 1,713 |
| 93,398 | 89,382 |
| No remuneration or other benefi received by the trustees. Tangible fixed assets |
ts from employment |
with the chari | ty or a related |
entity were |
|---|---|---|---|---|
| Land and | Fixtures and | |||
| buildings | fittings | Equipment | Total | |
| 5 | 5 | |||
| Cost | ||||
| At 1January 2021 and |
||||
| 31December 2021 | 462,375 | 39,248 | 28,822 | 530,445 |
| Depreciation | ||||
| At 1 January 2021 | 60,977 | 27,905 | 24,647 | 113,529 |
| Charge for the year | 8,028 | 2,836 | 1,044 | 11,908 |
| At 31 December 2021 | 69,005 | 30,741 | 25,691 | 125,437 |
| Carrying amount |
||||
| At31 December2021 | 393,370 | 8,507 | 3,131 | 405,008 |
| At 31 December 2020 | 401,398 | 11,343 | 4,175 | 416,916 |
| Year ended 31 De Investments |
cember 2021 | |
|---|---|---|
| Listed | ||
| investments | ||
| 5 | ||
| Cost or valuation | ||
| At 1 January 2021 | 230 | |
| Additions | ||
| Fair value movements | 54 | |
| At 31 December 2021 | 284 | |
| Impairment | ||
| At 1January 2021 and 31 December 2021 | ||
| Carrying amount |
||
| At 31 December 2021 | 284 | |
| At 31 December 2020 | 230 | |
| All investments shown above are held at valuation. |
||
| Listed investments | ||
| The aggregate market value of listed investments |
is 5284 (2020:5230). |
| 19. | price of52.563at 31 Debtors |
December 2021 | (52,15at 31 December | 2020). |
|
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| Prepayments and accrued income |
950 | 1,002 | |||
| Other debtors | 330 | 330 | |||
| 1,290 | 1,332 | ||||
| 20. | Creditors: amounts | falling due within one year | |||
| 2021 | 2020 | ||||
| Accruals and deferred | income | 1,975 | 2,314 | ||
| 21. | Pensions and other |
post retirement | benefits |
| Gains and | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| At 01/01/21 F |
Income f |
Expenditure | losses | At 31/12/21 6 |
|||||
| Unrestricted | Fund | 473,167 | 122,670 | (135,798) | 54 | 480,093 | |||
| Gains and | |||||||||
| At 01/01/20 6 |
Income F |
Expenditure 6 |
losses | At 31/12/20 f |
|||||
| Unrestricted | Fund | 473,290 | 140,977 | (140,992) | (108) | 473,167 | |||
| Restricted | funds | ||||||||
| Gains and | |||||||||
| At 01/01/21 f |
Income | Expenditure F |
losses 6 |
At 31/12/21 8 |
|||||
| Restricted | Fund | 835 | (57) | 778 | |||||
| Gains and | |||||||||
| At 01/01/20 5 |
Income 6 |
Expenditure f |
losses | At 31/12/20 f |
|||||
| Restricted | Fund | 2,864 | (2,029) | 835 | |||||
| The balance | in the restricted | fund of6778 | consists ofthe | following: | |||||
| 2021 f |
|||||||||
| Barnstondale | Youth Camp | 195 | |||||||
| Building Fund |
114 | ||||||||
| CAP | 112 | ||||||||
| Kids Team | 201 | ||||||||
| Musicians | 143 | ||||||||
| Youth | 13 | ||||||||
| 778 |
| Analysis ofnet as | sets between funds | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2021 | ||
| 8 | ||||
| Tangible fixed assets | 405,008 | 405,008 | ||
| Investments | 284 | 284 | ||
| Current assets | 56,776 | 778 | 57,554 | |
| Creditors less than | 1 year | (1,975) | (1,975) | |
| Net assets | 460,093 | 778 | 460,871 | |
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2020 | ||
| f | 6 | |||
| Tangible fixed assets | 416,916 | 416,916 | ||
| Investments | 230 | 230 | ||
| Current assets | 58,335 | 835 | 59,170 | |
| Creditors less than | 1 year | (2,314) | (2,314) | |
| Net assets | 473,167 | 835 | 474,002 |
| Year ended 31 | December 2021 | ||
|---|---|---|---|
| 2021 | 2020 | ||
| 6 | |||
| Income and endowments | |||
| Donations Offerings |
and legacies | 101,468 | 108,003 |
| Donations | 1,627 | 1,982 | |
| Legacies | 74 | ||
| 103,169 | 109,985 | ||
| Charitable | activities | ||
| Centre Hire | 700 | 450 | |
| CDs/Books/Ddnks | 30 | ||
| 700 | 480 | ||
| Other trading activities | |||
| Fundraising | events | 4,045 | |
| Investment | income | ||
| Bank interest receivable | 6 | 41 | |
| Dividends | 4 | ||
| 10 | 41 | ||
| Other income | |||
| Gift Aid | 18,785 | 25,425 | |
| Total income | 122,670 | 140,977 |
| Year ended 31 Decem | ber 2021 | |||
|---|---|---|---|---|
| 2021 | 2020 | |||
| 6 | f. | |||
| Expenditure | ||||
| Expenditure on charitable activities |
||||
| Wages and salaries Employer's NIC |
89,346 2,238 |
85,855 1,814 |
||
| Pension costs | 1,814 | 1,713 | ||
| Rates and water | 3,130 | 3,480 | ||
| Repairs and maintenance | 5,959 | 12,203 | ||
| Insurance | 3,199 | 3,201 | ||
| Legal and professional Telephone |
fees | 1,800 815 |
1,800 532 |
|
| Other office costs | 5,754 | 4,092 | ||
| Depreciation | 11,908 | 13,366 | ||
| Other interest payable and similar charges | 101 | 170 | ||
| Outreach/Events/Concerts | 2,488 | 5,281 | ||
| Donations, Missions |
& | Subscriptions | 3,578 | 5,979 |
| Children &Youth |
3,725 | 3,535 | ||
| 135,855 | 143,021 | |||
| Total expenditure | 135,855 | 143,021 | ||
| Net gains/(losses) | on | investments | ||
| Gains/(losses) on listed |
investments | 54 | (106) | |
| Net expenditure | (13,131) | (2,152) |
| Year ended 31 Dece | mber 2021 | |||
|---|---|---|---|---|
| 2021 | 2020f | |||
| Expenditure on charitable |
activities | |||
| Direct Charitable Activity |
||||
| Activities undertaken | directly | |||
| Wages/salaries | 89,346 | 85,855 | ||
| Employer's NIC |
2,238 | 1,814 | ||
| Pension costs | 1,814 | 1,713 | ||
| Rates, water, light and |
heat | 3,130 | 3,480 | |
| Repairs &Maintenance | 5,959 | 12,203 | ||
| Insurance | 3,199 | 3,201 | ||
| Telephone | 815 | 532 | ||
| Sundry costs | 5,754 | 4,092 | ||
| Depreciation | 11,908 | 13,366 | ||
| Outreach/Events/Concerts | 2,488 | 5,281 | ||
| Donations, Missions 5 |
Subscriptions | 3,578 | 5,979 | |
| Children 8 Youth | 3,725 | 3,535 | ||
| 133,954 | 141,051 | |||
| Governance costs | ||||
| Governance costs - accountancy fees |
1,800 | 1,800 | ||
| Bank Charges | 101 | 170 | ||
| 1,901 | 1,970 | |||
| Expenditure on charitable |
activities | 135,855 | 143,021 |