REGISTERED COl¥fPANY NLThIBER: 34114789 Dgland and Wales) REGISTERED CHARrrY NUMBER: 1065086 RT OF THE TRUSTEES APID AITDITED FINLNCIAL STATEME FOR THE YEAR ENDED 31 AUGUST 2022 FOR THE FRoffflERS CHARABLE TRUST Chartot HOSe Linjited Charte[ Accountsnts 44 Grand Parnde Brightoll East Stsssex
THE FROIYTIERS CHARrrABLE TRUST CONTENTS OF THE FANCIAL STATEMELTS FOR THE YEAR ENDED 31 AUGUST 2022 Page Report of the Tnssttes Indtp¢ndent Examiner's Report ststemtnt of FiDn¢ial Aetivities Balrtte Sheet 10 to 11 Cgsh Flow Statement 12 Notes to the C¥sh Flow St¥t¢ment 13 Note5 to tILt Finin£ial statett8 14 26
THE FROYTIERS CHARrrABLE TRU GisfERED NUMBER: 3404789 REPORT OF THE TRUSTEES YEAR ENDED 31 AUGUST 2022 The trustees B'ho are also directors of the ¢battty for the purp)ses of the Companies Act 2(K)6, present their report with the fitt2ncia] statetncDts of the ¢1ty for the year eDd 31 August 2022. The trustees have advpted the provisions of Ac¢outLting aThd Rep)rfing by Chan"iies: Statement of Recommended PClie¢ applicable lo charities prepanng their accounts in ac¢ordxnc¢ with the Financial RqMJrting StstK1ard applicable ID the UK and Republic of Ir¢land (FRS 1021 (effective l January 2019). OBJECTIVES AND ACTIVITIES Objtttives and aims The objectives of Th¢ Frontiers ChaTitsble Trust ITFfc} are as fol]ows." - To advance the Christian faith by such m¢an5 a5 the charity shall deteTmine frorn time time" - To relieve people who are ill coJditions of Dccd, hardship orth"strS. To educate and &%sist youug pp]e through theii leisure time actives so as to develop their physi¢aL ental and spiritual capacity", - To adi'ance education in family lifr. in r(wriage atsd faTuily relatioDsh"tps: attd - To advance Chrisiian ligIouS educaiiort aud trainiTLg. The tsver-arching aim of of the charity is rea¢h out illto Slery at ¢v¢ry level to give boF and ¢otnpa5sion where there is notte and to build a local Chtistian church. Thjs clxurch will coD5iSt of membets who have a desire for the.. - WoT51u"p of God - Love of otte antstber - ComThunication of Jesus to the world - Training of the whole Church Key objectives for the financial yearending August 2021 Inclu1. - AdvatJ¢¢menl of the Christiao fatth - Development of actives with the full rdnge of age groups in the Church - Development of further li[S with Chw¢b¢s ov¢r5 Page I
THE FRONTIERS TABLE TRUST GISTERED NUMBER: 341M789 REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 AUGUST 2022 ACHIEVEMENT Af4D PERFORWCE Ch#rit&ble aCtitieS Ministry Area4 Community & Missio Sunday and Thursdav tne¢tings - the church gathers twice evtry week at the King5 CeJ]tre to tske part in coll¢ctive worship, teaching and prdyer. The primary Sunday morning meeting attra¢ts arouod 4{m)-5( peopl¢ each weeK the nai meeting running along51de groups catering for babiffj yo)g cbildren. youth atsd those with specific needs. The ThuT5day meeting, held during regular work hours. bas gTOThm to a ]rgular al*Trd of 670 Membe and can provide a n)uch more intilltste church experience. with a focus ots paswal c4re. Prayer meetings - held weekly. the r¢gulaT prayer n)ceiings aIlow people to meei with the expr¢55 pu of prnying for the church. th¢ loca] ¢otnmuttity and also aknut national & global curreni affaiT5. Focus - a baby and toddler group that Tun$ three tnorning sessions a week dyrtng itrni time at the Kings Certre building. The group, coorditlatd by a TFfc member of staff and a t&qm of re8ular DBS-ch¢cked volunteers, often ha5 a full register and wailing list becau5¢ of It'5 p)pulariry. F(5 proi'ide5 essential sllpport to local families. offering theiT young children a safe spa¢e to play 108ether and gentle exp)sure io Bible stories & sing. The group gives parents an invaluable opportunity to Ineet together in CODimunity. [d undetsi2ttthn& support and friendship from tht Foc$ team and from each other. Kills and Youth - Jr)¢eting at le&si once per week WiMtIY at the Kitlgs Centre, groups 5Uth as Trne (11-18s) and ID {11-14s} g2ther Ilal young people together to SlalIst as well as experience colle£ti%e worsbip, prdyer and take part in agc-appropriate discussions. The groups provide idea] opportunities for young people to eXenCe the gospel and the church ¢ommurtiry, some for th¢ first tÈm¢. The Kids and Youth team thke a large number of yollng people to Newday. a tnajor Christian youth event held each summer. Indiv1thl church Tt]¢rnbcTs tsften provide financial sponsorshsps to allow as many youth as posssl>le to attend the evenL tske part in a conference athosphere and cxplore some of life's big question5. StudeDts and 20s - the Lyoup supports studeDts atteftdin? the unlersity campus in the w in addition to those who live locally. Each mccting proTrides a piev10$ source of community for those Who tnay k livg away frotn hoTne tsr SLing out in employmetti to shar¢ the go1 aDd Én faith together. Inspire - Tneding weekly at the Killgs CeDtse. the aitracts older adults F4'ho experien¢e a ¢hurch gatherill8 followed by refreshments and activiiie5. Wlu"15t PTedomiJJatttly caierin8 a aD ¢ti#l part of the Iwal population delllograpbic, Jnspire is open io all and ¢Tnphasises the imp)rLqnce of comlltulliry and friendship in the Christian walk. Fusion a fortrtightly life group On t(} adults WI need a bit mote time to leatn, especially those with learnillg difficlllties. Fusion is altnost always thlty subscribed. a c105¢-knit community who enjoy a unique exposure to Chrj'stianity with the support of a pas5iOll3te In of voluntee Alpha- Tunnirtg several times per year at the ehwclL the well-kno4¥n Alpha col$¢ olyers a chat)ce for anyone to explore the Christian faith. Following a progrdm of nine se55iOD5. the coutse h&8 provcd pivotsl for trwjy p¢ople facing th¢ ¢onsequence8 of Covid. asking 50to¢ of life's big questions and tsking th¢iT fi1 steps as new Chrisrians. Livestream - launched during th¢ start of the CoWnavin paleiC. Liv¢s¢te>m offets the ehanee to experience church online foT th()se u]Mble to, or choosing not lo. aitcnd servic&% in person. Sunday serrices are available to watch live and a150 via cat¢h-up 24 hours after the Tne¢ting. kn itivaluable resource duting time5 of lockdowtj for people to remain onnected to church life, Livestr&qtn has continued io grow and has bttn a route by which new members have found the Orgallisatio and subs¢queEJily become part of the churth family. Group5 - 5maIleY setiings, knowo as Group& form aD esselltia] part of ehwch life.. culttvating friend5hip5. growing in faith, expluTing God's word and sharing b"f¢ together in community. Group5 fdDge from Bible reading. discipleship and PTayeT to badminion. tK)wlill8 and boxing- allong people io experience the 'n5 centre building attd gei a flavour of tl2¢ Cbristian life in a more personal settin> Courses . nmnillg periodically t}0gh the year at the Centre, estsblished c4>urse5 include Joining the Church.. diggmg dec into church values. Page 2
THE FRONTIERS CIL4RITABILTRUST GISTERED NUMBER: 34047 REPORT OF THE TRUSTEES FOR THE YEAR EfffjED 31 AUGusf 21122 Loye Eastboutne - setup in respoJ]sr to the Covid-l9 crisi8 the Love Fastbourne fijnd looks sC]ricallY ai local need with lo/¢ of all donatlODS going to those in the l(KJl cotnmuThiry WI ate 5tru8gling rjnanciIy. Sillce its inception in March 2020, Love Easttjourne given over £40,(W to Sup[ local people. Local organisation5 - TFTC rccongnjses a EMUDbtr of l(Kxl orgawsatioTrs to 5uprM)rt their charitsble and c4>mmuniry work itlcluding SaDCtllary Cafe.. a rneeiing place fot iefugees. &sylurn seeken and inunigrants: Brajnber B2kehouse". an award wtnning bakery 5UPPlrting wotnen sutvivor5 of human ts3ffT¢king: Beachy Head Chaplaincy.. a S&Ch alld rescue ch2riiy saviDgs lives from suicide in the region.. EbOUrne Street POts: ¢aTillg for twle involved the local night life. Fasiboume Fo(dBallk.' pmviding ¢MgencY nutritional fth)d t} ID De. Overseas - the charity has strong lirtks knith a llutllFr of overseas projects iTKluding Inkosi Kid& a PToject in Zimbabwe to help children in the nwal areas of Bulawayo io eDtei ethKaiioo and Afn"ca Alive. providing gospel spreading opportunities for cLe[gi8 leaders a¢ross Soutbern Afric& As pan of New Groun& th¢ chvrch has collnection and regular cotltactwith organisations in Frdnce, Romanii G¢rniany and the Netherlands. Significant Events DuriMg the Yvdr The church plant now as Lift Church in Seaford was foTtnally separdted from TFfc duting the last fiscal year. Planted and led by a tllfflnber of the sejjior MageMent Kgm. Life Church purchased their own properry in Seafoid in June and Teach full scparation I their financial aceouttiing by th¢ end of th¢ fiseal year. Thi5 led to n¢c¢s5ary changes In both th¢ trustees and senioT Tnanagen)eni ieam at TFcf as eXlence servants ttansf¢tTed to lead Life Church Seaford ill their own nJi&%ioD to advance the Christiau fatth localty. FINANCLIL REVIEW Pritttipxl fuNdiDg sources Regular, voluntary givirtg [rts Kin85 Church memba5. IDco]ne from tbe Trathng Colljpgny. One&>ff Gift Days, Gift Ai(L Inve$trneDt policy and obJe¢tive5 TFfc holds Tnin]al sigllificant surplus filllds thai are not required io conduct the regular opcraiions of the ¢harity. A tx)rtioD of cash ba]anccs ate held Èn high-interesi accounts with our bankers to maximise the eificienty of fidS being held for vario$ purrM)ses. In tILese cirCUDranc thert is no fequiT¢ment for an lv8nc¢d inv¢strneDt rx>ticy. Reserves policy The trustees reTriew the r¢ser¥es p)Iicy regularly in line with Charity Commission guidelines. TFFC t$1¢¢$ have ¢ottsidered and established a ies¢rvts FrfTrIicy b&sed on an &%s¢ssm¢nt of the needs of the thatity's a¢tivitie& These are held iti four distitici areas.. long tern) reserv fi[[¢ projects. resriaed fiEnds and free re5c'eS. Long temi ie5eTVeS represent )$¢ fund5 held specifically to safeguard TPTC in of uoforeseen financial circumstances. In light of fvll ownership of the Kings Centte by the cllarity and a high level of predirtabilitv of ongoin8 income attd expenditure, a decision by the trust¢¢S 7S tsk¢n Doi w bold fund in long ter reserves. However. where ottgoin¥ activities allow. is it TFfc's inttntioll to eadilY irease the atnount of long tern) reserves where Possible. Long tetlll rery¢S at the endof the rew>rting 1{1 were £75.(MKI {£50,1 Aug-21). Future projects rcsetves are held ill aDticipation of kmwn projects to be undertaken by TFTC. These may in¢lude income from SpifiC gift days for spceial events and PTO%'iSiOnS for strateC develop1nt foi the benefit of the trst. The year-end balance in this category of reserves was £86.985 (£16548 Aug-21). Restricted furtds represent donations received foi specific artiwtie5. vlllere possiThle 2nd fitsantially diligellL charity policy 15 to expend these funds as quickly as possible to the benefit the lpl¢llts. At 3 1st Au8usi 2022 the balance held kn testricted fiuxd$ 5to(Kl at £46.905 (£66.348 Aug-211. Page 3
THE FRONTIERS CHARABLE TRUST GISTERED. NULKBER: J404789 REPORT OF THE TRLfsTEES FOR THE YEAR ENDED 31 AUGUST 2022 FtrrLRE PLANS The trusiees of TFfc trLav¢ started discussion around the of the Kings tre buildjng. The centr¢ fst purchased by the orgallisation irt 1998 i5 beginning ts) show signs of age and is not a highly energy*fficietJt premises. A5 one of the pritnary ¢xhibJtion and conference celltr¢s in the as well &$ the home of Kings chrCh, fvrure pl2JJs include a Possible church gift day as well a5 iDvestigaiLon into takng out rrolg to fiLnd significanl Tefurbishment of the buildirlg itself. The works being dis¢us8ed put empbasis on maxim]ng the enviro[lletaI perfomLince of the site and safeguarding its future for the yeats tsTr come. STRUCTURE. GOVERNANCE YD MAT4AGEMENr Governing dorumellt Th¢ chat]ty is controlld by its governing docnl a deal of aDd a lin]ited ctsmpdny, limited by guarantre, as dered by the CoTnparties Aa 2¢KI6. Page 4
THE FRONTIERS CHARITABLE TRUST GISTE ER: 3404789 REPORT OF THE TRUSTEES FORT YEAR ENDED 31 AUGUST 21122 STRUCTURE, GOVERNANCE AND MANAGEMEr Organi5ational structwre TFCT is consiilut¢d as a company, limited by guarantee, and 0Frat¢S in accordance w]th its Memorath aThl Arti¢l&% of Association. The cjxatity 15 Cover by the B03td ofTrusitts. TnLsie¢s may not receive any remlffteration for being a trustee oiher than professkonai seThices pmvided pernitted by the Articles. In practsc¢. ttvstees provide their s¢rvi¢es free of charge. The truste have 8pp)inted a Senior MaDagemeDt the members of wkn"¢h are set ollt in the charitys legal alld administrative inforntio. The senior tnaDagers and th¢ir direct [qrts across a range lean meet reglllarly to review, refiDe 2nd set out the daY-t[Y n]nTrmg of tbe charitys acts&llti. Senior llers art reqllir&l to report to the trStee5 on the progress of actilities, performance against objectives and flltse pla]LS. Recruitrnent and AppolDtmtNt ofTrustees Trusttts musi accept the truth of, and hold a lIef ilk. the Staiemeni of Christsan Faith set out in the AppeTLdix to the MeTnorandurn of A&gKiation and 3re norTnaily Ill11¢d existing members of Kings Church. Trustees are ele¢t¢d by the ¢xisiin2 Board of Trusttts, appointed bv majonty vote alld are subject to peTiodic retirement and reaptK)intment by rotatioD. Newly appointed trustees are subJt to chwks with the Disclosure alld Ballin8 Service (DBS) and are provided with a copy of TFCTS Child Pro¢¢ction Policy and Prn¢tice GuideliD¢s (revised March 20171, with which they re rquired to cojnply. Tte¢S are chosen lor their ability to contribute tbe efficient and effeeiive n)anagement of the charity's actiTrities, using their collective 5kn115 towards tht goi'ernanc¢ of the clharity. The trust¢cs are a]ert to the need to expa]Ml thetr knowldge and skills &% attd 'hett appropnak for the eThhantemenl of their respoDsibiiities. None of the Slee5 had any belleficial iDresi in the rompany thwiDg the peri(Mt Trustee5 Me¢ting5 are held five times a y¢ar in whicb repo are Te¢eiied. as appropri8. fiw) trust¢¢s aDdlor senior ]nanagement tedm atcoiding to their are&s of spe¢ialisattoD. Specific sgroUpS. for eKainple a fuwicc sub-committee, have be¢n folled to review charity rfOrMance in greater detsil. uti1tsll specific tnLStees with spttia]ised knowledge and skills. Minutes from Tn¢¢ting5 of sub-groups ar¢ ¢irruld to the full boaTd of tte¢S who are encourdgcd to familiarise themselve5 and pose allv questions ¢OD¢ernillg atlvthing reported ot the time of the next tn]stees meettng. senior Mxnxgeell¢ Team The senior matka8ement COmPTi5es of church eldeis at]d the Executive Pastor. As elders, the member5 of this ream exercise d&y-tO-d3y EtLaDagemeDr of churth affai. Although priMar]Y spirituaL their leadership role encon)passes tbe whole range of church activities and pastoral care. The managti oversees the effieieni and effe¢tiv¢ managetnent of the Kings Centse. its administrdtioD and Iinancial i)peratioDs. etwork Bodl TFCT 15 a m¢mb¢r of thc Evattgelicai Allia]¢. aD a&gxiatiott of ttlainstrum UK Evangelical churches (wivw.etorg). TFcf 1$ also a part of New Ground {MTrvW'.n¢wgroutChrCh¢s.oI whi¢h h& developed out of Newfrontiers Group of Churchcs IwNw.ttewfrontIeT5¢ogether.orgl Naiiona]ly. TFcf is pan of over 250 UK churthes involved in mission. outreach and discipliDg. I[rternl0J)a[lYy are over I.5 N'ewft0tstie telated churche5 Èn over 80 natioths throughout the world. Act2ve metrthership of these iX%Ji provides a wide fon]m foi the exchaDg¢ of infornthtioÈJ, training and support at a national and inte]DatioDai level. No extetllal patty. including the Evangelita] Alliance and Newfrontiers, took de¢isions or had voting rights in the govet]L4llC¢ of TFCr. Related Parties KCEL, operated for the pur$¢ of rdisÈng fidS for the benefit of TFCT: througll the hirittg of the Kings Centre for ¢onferences, rntttings, wedding4 SW)rts and oiller events. The KCEL dirc¢tot5 are Mr. D A Gamester (Executive Pastor and Company Strretaryl. M¥. N S Barnett - reSIg]d May 2021, Mr. A P Stevens. Mr J Phillips { app(>iT)td July 2022 1 and Mr. O Il, Stevens (Church Leader). Page 5
FRONTIERS CHARITABLE TR CISTERED NUMBER: 3404789 T OF THE TRUSTEES FOR THE YEAR ENDED 31 UST 2022 STRUCfLTRE, GOVERNANCE AND MAf4AGEMENT Risk management The rnLSte¢s have (>verall restM)nsibiliry for determiniDg risk maDagement wlicy includLII8 how risks are identifie assessed, maoaged, revIe"ed a1 reported The senior maDagement te2m hake responsibility for injpletnenting and maintaining systems thai assist with th¢ delivery of 5uccessfiJ] risk managern¢llL ¢onsistent with rhe policy set out by ihe ttustees. A risk tegister is cotnpiled and reNiewed by all departmethts across the charity. scoring each identificd rssk by the likelihood ofoccurrenc¢ and the overa]I iTnparL Advic¢ is taken frorn church memF*rs in risk L8 well as from the thariiYs accountants and other professional advisers. Policie5 for safe8uardiDg children &Dd vu]nerable adulrs ate publi5hd and are in)plettkented. Financial anagn¢t systems for cash handling and the authtsnsation of transxtions are in place. Each #rea Is subject to 0d1¢ view by comparison with besi practice. Appropriate itLWrnD¢e is in place. via brokets ¢0mtent in thi5 fiel(t to protect the interests of the CIlty. its etllp1oy alld mLSttts. The truste alld the seDior management Icam re8ularly revtew, progress agaiTL5t budgeted financial alld operatioD21 platL5. Managemet)t accounts are prepared ¢N'¢ry month io allow the as%sstnenl of the fllmncial position of the chariry. These are r¢viewed in derail aloTLgside a summary financial rewTrrt io identify potentixl fi]Jatscial risk5 to the chariry and agree actions for theii miiigaiion. li is recogttised thai the review PTocedure thwjnoi provide 3bsoluie arance against loss or material misstatemettrs, boweveT trusttts are of the opillion thai the appropriate 5JStems of financial tisk manag¢ment at)d control aTe Jn place withiD TFTC. REFERENCE AP4D ADMINISTRATIVE DETAILS Registered Company number 3404789 (England and Wales) Regi5temi Charity number 1065086 Registered office Kings Centre 27 Edison Road Eastbourn¢ Easi Sussex BN23 6pr Tru5tee5 Mr N S Bamett Iresigned 2614Q0221 MrAMBe Mr R J BuileT Mr P D Jeffery IChaiT) Mrs S M Wi)otton IChaiT) Mr J Phillip5 MS J Williams Company Secretsry Mr D A Gamester Independent Examiner John ThaLker FCA DChA ltystimte of Chartered Aceountallts ill England a[waItS Chariot House Limited Chaner¢d Accow1Lts 44 Grand Parade Brighton Easi Sussex BN2 9QA Page 6
THE FRON RS CHARTfABLE TRUST GisfERED NUMBER: 3404789 REPORT OF THE TRUSTEE FOR THE YEAR ENDED 31 2022 REFERENCE ATr4TI ADMINISTRATIVE DETAIIS Senior ManAgement Teajn M D A Gamesier Executive Pa0[ MT A Thorpe Cburcb Leader Mr J Field Church tLader Mr O SttTrells Chur¢h Leader Mr Clive C¢n)ik Church Leader Mtmcoo Church Elder Mr B Holbrook Church Eldei Solicitor5 Argles Ston¢ham Bur5tOW5 Innovis House 108 High Street CTaNh'ley RHIO IAS BaDk Barclay5 Bank plc 63 Terniinlls Ri)&d Eastbo[¢ BN213PQ CAF Bank Limited PO Box 289 King5 Hill West Mallin¥ Kent ME194TA Santander Boolle Mer5eyside L30 4GB Nationwide Building s(iety Kings PaTk Road Moulton Park NorthamptOTL NN3 6NW Approved by order of the boatd of thwees ou..l.i.. Mrs S M Wootton- Trustee Pag¢ 7
INDEPENIIENT EL4MINER'S_REPORT TO THE TRUSTEES OF THE FROPITIERS C ITABLE TRUST Independent eXamIeT'S report to the tnistee5 ofThe Frontiers Charitable Trllst ('the Company.) I rert to the chariry trustees on my examinatsim of the aCC]nts of the Company for th¢ yearettded 31 August 2022. Rt$poThsibilities and basis of report As the charity's twsiees of th¢ Company {and a150 its ditetts)rs for the puTpose5 tsfc4)rnpany lawl you are responsible foi ttL¢ preparatioll of tbc a¢¢outtts in accordallce with the requirements of the CoD]pame5 Act 21X)61'the 2006 Act'l. Havillg satisfied myself the accounts of the CoTUP8ny ate not requiffd io be authted und¢1 Pan 16 of the 2(X)6 Att nd are eligible for independeni eKawrijnation, I report in r¢spett of my examination tsf YO charity's accounts as carried out under Sediotl 14) of the Cbarities Act 2011 I'the 2011 ACVI. In ¢arrying out my exallLinln I bave followred the DectiOnS given by the Charity Co]$$10 under Section 145(510)l of the 2011 Art INdependeDt tmIner'S statement Since your charity'5 gTOSS incom¢ exceeded £250.0(K> yijur exarniEJer mllst be a mem[ of a listed body. I can confimi thai l atn quxlified lo undertake the ¢xaminatioD becau l am a registeted t[Lebe[ of Institute of Charterd A¢¢ountsnts in England and Wal¢s which is one of the li5ttd kndies. I have completed Tny examination. I coDfimi no rnatter5 have to my atttntitsn in eonnection with the examinatjon giving me cause to be]ieve'. accountithg recor(Ls were not kept in respect of th¢ Comp2ny &$ required by Se¢tion 386 of the 21M)6 Act. or the accounts do rtot accord with th0 [0. or the atcotmts do noi COp]Y with the accounting wuirements of SectioD 396 of the 21Y)6 Act other than aThy requirement that the accouttts 8LYe a Irue alld f2ir view wbich is not a mall¢r coJJsidered as part of an independent examinatitsn" or the accots ILaYe noi i*en Prepar1 in accord with the methods aud principles of the State]nent of Recommended Practice lor accouDting and TqK)rting by chaTitie5 {applitable io charities prq)aring their accounts in accoidan¢e with the Fin8Dcial Rew)rtitig Sthlldard appknthle iti the bK a[ Rcpublic of Ireland IFRS 1021). I have no concerns and have corne acro no tstheT matters in conneclion with the examinatiou to which atteniion should be dTawn In this report itl OTd¢r to enable a prOrUnd$lajMIiftg of the accowjts to be reached. John Thacker FCA DChA Institute of Chartered Accountsnts in EDgland alwa1¢S Chariot Hous¢ Litnited Chartered Accountants 44 Grand Parade BTighion East Sussex BN2 9QA Page 8
ST.4TEL¥IENT OF FINATr4CJAL ACTII'ITIES CORPORATIFIG INCOME AND EXPENDTfuRE ACCO FOR THE YEAR ENDED I ALTGUST 2022 2022 Total fi]nd 2021 Totsl funds U[¢StriCted Restricted funds No*s INCOME AND EI%DOWMEYfs FROM Donations attd legacies 843.409 37,209 880,618 826.624 Cbaritable artivitfe5 'ngs Church Fronti¢r CollLfauDity Clubs Frontier Community TrdilliDg 32.817 1.427 34244 61,702 276 232 Other trddillg aetivities IThvestn)eni income 46.361 6.802 46.361 6,803 25,398 5,442 Total 931,793 38.637 970,430 919.674 EXPENDrtURE ON Cbarit#ble activitie5 Kings Church Frontier Commun2ty Clllbs Frontier Cooynunity Training 945.554 27.825 303 254J36 591 12¢K>.090 28,416 303 897,023 5.677 3,029 Total 973,682 255.127 1.228,809 905,729 NET INCOMEI(EXPENDlTURE) (41.889) 1216.490) (258.379} 13,945 REcOP4cILIATIO OF FUNDS Total fimds brougbt forward 325.759 1.463.217 1,788,976 1,775,031 TOTAL FUNDS CARRIED FORWARD 283,870 1246,727 1,530.597 1.788.976 The noTrs forni part of these financial stattments Page 9
THE FRofLTIERS CHAIUTABLE TRUST CISfERED P4UMBER: 340L) BALtLNCE SHEET 31 AUGU T 2022 2022 2021 FIXED ASSETS Tan8iblc assets Inv¢stmetits 14 15 1289.232 100 1,799,386 100 1289.332 1,799,486 CURREiYf ASSETS StcKks Debtors Cash at bank and tn band 16 17 2.091 58,828 273,647 1,935 145,698 287,643 334,566 435276 CREDITORS Atnoun¢S falling due witbin oDe year 18 (54,874) (130,4071 NET CURRELYT ASSETS 279.692 31)4.869 TOTAL ASSETS LESS CURRENT LIABILITIES 1.569.024 2,1(A.355 CREDITORS Amoullls falling due aftermore than one ye 19 (38.427) (315,3791 ET ASSETS 1,530.597 1.788,976 NDS Untestn¢ted fullds Restricted fiLtLds 22 283.870 1.246.727 325,759 1,463,217 TOTAL FUNDS 1,530,597 1,788,976 The charitable company is entitled exen]prion froTll audii wider Section 477 of Companies Act 2006 foi the year ended 31 August 2022. The In¢TS hav¢ not required tbe tompatty to otA3in audit of its finaDcial ststemet)ts for the year ended 31 Augusi 2022 in accordte with Sedion 476 of the Cotnpanies Act 2¢M. The tswtees acknowledge their respTrnsibilitie5 for (al - that tbe ehzriLqble cotnpany keeps acc4)UDting records thai Comply with Sectiolls 386 and 387 of the et)surino Companie5 Act 2(M)6 and (b) preparing financial ststements which give a tsue and fair kiew of the state of affairs of the charitable company as at the end of each fJnaTKial yw and of irs SUTplus or defi¢it for each financial year in a¢cordance with tbe IqUITements of Seciion5 394 alld 395 and whirb tsThenvise con]ply 7th th¢ TWiTements of the Cotnpanies Act 2(K)6 relating to fmaDcial mt¢Tnents, so far as applicabl¢ to the chaTithble company. The llotes fomi part of these fUnclaI thtements Page 10 continued...
THE FRONTIERS CHARITABLE TRUST TERED.NUMBER: 34114789 BALANCE SHEET- eontinued 31Ab LST 2022 These financial statements have been prepared in accordance with the pro$10$ appbcable to charitable compall]es subject to the small companies r¢[ne. stat tnqnts were approved by the Board of TnLses alld authorised for issue on .. and were Siwd on its behalf by: Mrs. S M Wty)tton- Tnlee llje notrs fomi part of these financial stments Page 11
THE FROYTIEKS TABLE TRDST CASH FLOW ST FOR THE YEAR ENDED 31 AUGUST 2022 2022 2021 Notrs Ca5b flow$ from operating activKts¢S Cash generated frorn operations (452,2291 2,394 Net cash (used inyprovided by operatillg a¢txvities (4522291 2.394 Cash £lo$ from iDve5ting activities Purchase of tangible fixed &sseis Sale of tsngible fjxed assets Interest received (16.732) 454,733 232 {54.839) 1255 Net &2sh proTrid¢d byllused inl inVeStg activities 438,233 153,5841 Change in ¢sh CAsh equivakDts i the reportlng period Cash and cash equivalellts #t the beginning oltbe reporting period {13.996} (51.190) 287.643 338.833 Cash and c8sh equiY8kttts At the emd or the reptyrting peri1 273.647 287.643 The notes fotm part of these fitCl statenients Pag¢ 12
LE TRLTST NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31 AU LST 2022 RECONCILIATION OF NET {ExPETruREVPlCoME TO NET CASH FLOW FROI OPEIL4TING ACTIVITILS 2022 2021 Net {espenditure)fiNcorne for the repor¢iDg period (as per the Statement of Finantial Activitie5) Adju$tments for: DepreLiaiion chaiges Inierest receii'ed IInctea5¢lldecr&3se in stocks De¢re&{InCreaSeI it) debtors tkctease in editOrS 1258.3791 13,945 72.153 (232) (156) 86,870 (352,4851 95,729 (1.2551 1,354 (94,0981 (13,2811 Net tash (used iDyprovidtd by optrtions 1452.2291 2,394 ANALYSIS OF CHANGES IN NET (DEFryFLP4DS At 119121 Cash flow At 3118122 Net ta$b Cash at baDk and in hand 287.643 (13.996) 273,647 287.643 113.996) 273,617 Debt Debts falling due within l year D&ts falling due aftei l year {21.4661 (315,3791 15,910 276.952 {5,556) (38,427) 1336,8451 292.862 143.983) Total 149202) 278,866 229,664 The notes formpart of these filllat ststemeDts Page 13
THE FRofi RS CHARITABLE TRUST NOTES TO TUE FIN CIAL STATEMLYrs FOR THE AR ETr4DED 31 AUGUST 21122 ACCOUNTtNG POLICTLS Ba5l5 of preparing the finxn¢ial statements The fjnancial staicjnents of the cbatit3ble company. wkn"¢h is a public benefit entiry under FRS 102: have been prepared in accordance with the chariti SORP IFRS 1021 'Acrouniing 2nd Rtwbtting by Charities.. Ststemetyt of Recomended Practice applicable to Charities prepariTL(p their accounts ill actordanee with the Financial Rq)orting SthndaTd applicable itl the L'K and Republjc of Irelalld (FRS 1021 (effective l January 2019),, Finallcial Rerting Standard 102 The FLDan¢Lal Ststhdard applicable ill the UK and Republic of ITelartd' and the C¢)mpallies Act 2(K>6. The finallcial 5taiemtnts hal'e beeTL PTep8red under the hislorical cost convention. with the exception of invesiDJetts whi¢h are included et value. Intome All inC0e is reeognÉsed in the Statement of FiTtancial Activities once the charity has entidement to the fids, il is probable that the intome will be rec¢iied and the amount can be measured reliably. GovernmeJ)t grants Government grants are recognised uTrler the perf0rrna] model. The grJnt irteome is recogni5¢d upott fommnee condition$ being Satisfi land should it be r¢ceived in ad¢¢ of satisfying the perforEnaD¢e, recognition of rhc incoTn¢ Is deferred as a ability) attd where there are no wific future perfonnattce-relatèj eonditioTLS thett grants are recol$ed when prweeds aTr rtte110[ receivable. Bounc¢ Back LoaDs The govenllnetlt prOded a IIXY/o guat3ntee on loaDS to 5tnJll or medium-5ized b]nesS llp to a maximum of £50,(KK). There are no fe¢5 or interest chargeable ON these loans for the firsi 12 months and inteTesi is eapped at 2.5/0 per3[Un) thereafter. TheTnLSi obtaiDed a loan of £50.OIXI vthicb is shown LS part of long temi creditors. Expenditsre Liabilities are retognised as eX[Dditure as s¢x>D a5 thert is a legal or con5ttUelii'e obligation comTnitting the cbaTity 10 that expenditu. li is probable that a ttartsfer of ecoDomit benefiis F'ill be required itt senlejnent aDd the atnount of the obligation measured teljably. Expendimre accowjtd for on an accTua15 basis and has beett Classifi wjder headings thai aggregate all cost Telat¢d to the eategory. whe Costs cannot be dt'r¢¢tly attributed to partieular htradings thty have been allwaied actiTriti¢s on a basis consistent with the use of sources. Grants offered subJl to ¢01]i105 which have F*en at the year end date are no1 as a Commitment but not accn]ed a5 eX]y11fte. Tangiblt ed a55ets Depreciation is PTovided ai the following rates tn ordu to write otr each asset oTrer its estimated useful life. Frtthold property Fixtur and fittings 2•A ¢Jn ¢osi 21f/• on cost Stocks Stock5 are valued at the low¢r of eosi and net reajisable value. alter king allowznee for obsolete and slow moving itell]s. TfiAation The Chatity is considercd to pass the tests Set oui in Parawh I Scb¢¢Jule 6 Finat)ct Act 2010 and therefore it Tn¢ets thc definition of a charitsble COlP?Y for UK Cory)oratiOn Tax purp)se5. Ac¢otdingly the Clwity is rrf>t¢ntially exempt frorn in resperl of intome or capits] gaÈns received withitl categones covered by Chapter 3 Part I I CortK>ratioll Tax Act 2010 or Sectiott 256 of thc Ttioll of Chargeable Gains Act 1992. 10 the eKMi that such in¢ome or gaitLs are applaed exCl1velY to cbaTitsble PUry¥5. Page 14 continued...
FRONTIERS CHAIUTABLE TRUST r4oTES TO THE FINANCIAL STATEMErirs- continued FOR THE YEAR ENDED 31 AUGUST 2022 ACCOUNTING POLICIES- coTrtlTred Fund aetountiDg Unrestyi¢ie(l fidS catl used in ac¢ordan¢c wtth the ctwitable obieaives at the dis¢retion of the tru5t¢e5. Restrid¢d funds can only be used for p2rt]¢ular rrstricted putp>sts within the (l¥je¢ts of the chan"ty. RestrictLOnS arise when Specifi by the donor or when fittlds e Taised ftsi particular restricied putp)ses. Further explaltation of the oature and pp of fund is included in the notes io the finan¢ial statements. Pen5ion5 The chariry operds a defined contribution t*nsioD Sche. CoDttibuuoDs payable for the year are charg&1 i the Stal¢m¢nt of Finatteial Aetivilies as part of the o)sts of cbaritable xiiwitits. Value Added Tax The Trust has registered with a Gmup VAT ageI cov¢rillg both the clwity and the subsith'ary trading ttsmpaTJy on a partial exemption method asteed 7th H M R¢v¢nue and Custo and subject to review fwm time to time. IrrÉ%oveTabl¢ VAT 15 i]llded iTh rtsouries expeoded in the Swementof FiDancial Activities. DONATIOP4S AND LEGACIES 2022 2021 Chutch offerings and gtfts Gift Aid- t&x refuJJiL8 Sundry ft$ 716.992 112,432 51.194 672,214 107.456 46.954 880,618 826,624 (yrHER TRADING ACTIVITIES 2022 2021 Charges to subsidJ"ary ellaking 46,361 25.398 INVESTMENT INCOME 2022 2021 Gift aid frotn subsid Deposit account intere51 6,571 232 4,187 1.255 6,803 5,442 Page IS contittued...
THE FRONTIERS CItARITABLE TRUST NOTES TO THE FINANCIAL sTATE.MTS- continued FOR THE YEAR ENDED 31 AUGusf 2022 INCOME FROM CHARrrABLE ACMT 2022 2021 Activity Evet)t iDcome Kings Church Church iM)oksiall Kings Churcll Kidz and Youth Acti1¢$ Kings Church Government grdnts Kings Church Foc8 Frontier Community Clubs Kidz and Youth Activities FroDtiei Conunujjity Clubs Impact & Leadership training Frontier Community TrninÈDg 33,549 647 48 4,830 266 56,606 195 81 232 2.245 159 36.648 62,210 Gratlts receive4 itJ¢luded in the aFM)ve, are as follows: 2022 2021 Corooavirius Job Retention SclMDe 56.606 Govermneni grnnL8 received rq)r¢5ent fi10gh clai[$ mad¢ undrr thr coronav]n Job RentIOn Scheme. CHARITABLE ACTIVITIES COSTS fi]ndillg of tiTrities {see noie Sw)pon costs {se¢ tLOtr 9) Costs (see te71 81 Totals Kings Churcll FFontiei Conynutiity Club5 Frotltier CoTntnwJily TtaitiinE 54,425 28,416 346.032 799.633 1200, 28,416 303 303 82.841 346.032 799.936 1.228,81)9 DIREcf COSTS OF CHARrrABLE Ac1&s 2022 20?1 Activity GTOUPS B<K)ksrall Focus Costs Kidz and Youih Activiti Impact & Lead¢tship Trninit)8 74.569 294 1.512 41,320 545 1.166 4.465 3,029 82.841 50,525 Page 16
LE TRUST NOTES TO THE FINANCIAL STATEMEP4 FOR THE R ENDED 31 AUGLST 2022 GRAf4TS PAYABLE 2022 2021 Ktngs Chutctl 346,032 77.085 The total grants paid to duTiug the year w&5 follows." 2022 2021 .Mission Support Evangelical Alliance Supporting Church¢5 in Zlltlbabwe Newfrolltiers Local charities Love Eastlx)urne Grants for Church in Berli Seaford Church 3,499 5,259 700 17.770 10.500 1.599 26,785 24.980 17.040 3210 11,440 10.(K)O 246,321 316.490 62.613 SUPPORT COSTS Management Kings Church Frontier Commwhity Training 799.633 303 799.936 Sllpport Costs, in¢luded ill tbe aEd)ve. are as follow$". ManagtmeDt 2022 2021 Frontier Community Training Totsl activities Total aciiviries Cbw¢h Wages Rates 2nd water Insurance Light and heat Telephotle Mailllenance and Repaits Building rent Cleaning and Household Books and Equipment Travel Costs Office costs BaDk charges ExteTnal audit fee Lzgal and professiona] fees 543.989 5,582 12.729 29,812 4.078 36218 15,957 25J35 1.796 172 18.515 4.836 6.577 9.105 543.989 5,582 12.729 29,812 4.078 36,218 15,957 25.335 1,796 475 18,515 4.836 6,577 9.105 518,364 1.761 11,874 27,438 4.646 43,872 15,603 17,242 1,415 129 17,542 3.122 8,160 126 303 Carried forward 714.701 303 715.OIM 671.294 Page 17 contiDued...
iYriERS CHARITABLE T&UST NOTES TO TH FINANCIAL STATE FOR THE YEAR ENDED 31 A GUST 2022 SUPPORT COSTS- tontinved Mxn&gemeDt- continued 2022 2021 Frontier Community Training K"tDgs Church Tots] activities Tothl acuvitie5 Biought foTrYard Tnjstee COTnplIanL¢ Costs DeptlatIOn of tangible fixed assets 714,701 12.779 72,153 303 715,(K>4 12,779 72,153 671,294 11.096 95.729 799.633 303 799,936 778.119 io. NET INCOMEIIEXPENDITURE) Net iucome1lexpendituI is stsied after chargth&llereditsDg): 2022 2021 Depr¢ciation- owned assets AudiloTS' Rcmuneratiort Independent Examiners. Fee 72.153 9),729 5.760 3,500 ii. TRUSTEES, REMUNERATION AND BENEFrrs There were trustrcs, rt[[ll¢tioll or otheT ll¢fits for the ytat ended 31 August 2022 nor for tbe year ended 31 August 2021. 12. STAFF COSTS 2022 2021 SalaTies Employers Nationa] InsurdKe Pension Contributio Life Assurance 488,436 34,169 25,723 465,804 29.191 22,700 669 550 194 During the y&qr, the toral paid to Key M2na8emellt Petsottllel w&s £14954212021: £177.252). The average nX>Dthiy llumberof employees during yearwas &s follows.. 2022 25 12 2021 27 12 Dircct charithble AdmiDistsative 37 39 No ¢tnployee5 rw¢ived enM)luments iti excess of £fA).(MN). Page 18 continued...
THE FR NTIERS CHARITABLE TRUST TriOTES TO THE FINANCIAL STATEMENTS- tomtlnued OR THE YEAR EIIDED AITGUST 2022 13. COMPARATIVES FOR THE STATEMEiYf OF FINANCIAL ACTIvrriES Uwe5tricted fund5 Restricted fimds Total funds ThCOME AND ENIKIWMENTS FROM Donation5 and legaeies 777,986 48,638 826,624 Charitabk atlivities Kings Chh FroJJti¢r Commun2ry Clubs FroDtier Comm[Lty Training J,916 276 232 786 61,702 276 232 Other ttading activities Inve51ment income 25,398 5,437 25,398 5,442 Total 870245 49,429 919,674 EXPENDITLIRE ON Charitable attivitie5 Kings Church Frontier Cotmnuniry Clubs FrontieT CoTwnunity Trdining 795.413 5,518 101,610 159 2.835 897.023 5,677 3.029 Total 801.125 104.604 905,729 r4ET INCOMEI(EXPEF¥DITLTRE) Transfers between funds 69,120 18.9941 {55.1751 8,994 13.945 Net Djovemtllt in funds 60.126 (46,181) 13,945 RECONCILIATION OF FUNDS Total funiL8 brought forward 265,633 1.509,398 1.775,031 TOTAL FLTh CARRIKD FORWARD 325.759 1.463,217 1,788,976 Pw19 Trtinud...
THE FROPITIE CHARITABLE TRLTST NOTES TO THE FIYANCIAL sfATE.MENfs- contin FOR THE YEAR ENDED 31 AUGUSf 2Q22 14. TAf4GIBLE FIXED ATs FixtUTes FehOld Tot21s COST At I September 2021 AdditioDS Disposals 2,539.499 677,251 16,732 {81,256) 3,216.750 16,732 1518.586} (437.330) At 31 All8 2022 2.102.169 612.727 2,714,896 DEPRECIATION Ai I Sepiembei 2021 Charge fvT year Eljmllmted on disp>5al 880293 37271 117.6641 537,071 34.882 146,189 1.417,364 72,153 {63,8531 At 31 August 2022 899.91x) 525,764 1,425,664 NET BOOK I'ALUE At 31 Au8U5t 2022 1202269 86.963 1.289.232 At 31 August 2021 1.659.206 140.180 1,799.386 The Bank Loarts and oveTdraft are by way of tharge over the tljarity's freehold property at Kings Centre, 27 Edison Roa( lboUrne. The balance of the loan at 31 All8$t 2021 io Barclays Bank plc was £Nil, howevei the Charge still [enlDs in plac¢. In cowliance with the tern uuder whicb the £220,(MKI grallt from NatioDal Lotteries Cbarity Board (received dvTing the year 2(M>3-2(KMI was n. a s¢¢ortd charge ith favour of Natiotsal Lotieries ChaTilies Board for the suln of £220.(KK) w&% plaeed over 27 Edison Rowl. Eastbourne. 15. FIXED ASSET INVEST[ Shares in group undertakings MARKET VALUE At I Sepietnber 2021 and 31 Augllsi 2022 100 NET BOOK VALLE At 31 August 2022 Al 31 August 2021 i( There We no invesnnent assets outside the UL Th¢ TpanY'S inv¢sknettts at the balance sheet d¢ in the sh¢ capitsl of cotDpavi¢s include the following.. Page 20 continued...
THE FRONTIERS CHARITABLE TRUST NOTES TO THE FIEANCLtL STATEML FOR THE YEAR EDED 31 A GUST 2022 15. FIXED ASSET INNTSTMEP(rs- continued KiDgs Centre {EAstboe) IAmited IKCEL Registeied office.. Nature olbusintss.. Tradin8 subsidiary of TFCT Class of share.. Ordinary holding 100 2022 2021 Aggregate capital and teseTV¢S ProfEt for the y¢ar 20.331 4.184 16,147 2,384 KCEL 15 the subsidiary tr&dll)g tomp3lly of TFcf aDd is a pn'te limited cottlpany incorpordr¢d ott 19 February 21JM. KCEL Is reB15t¢red ill EDglalld attd Wa]es. compaEry number i(H9241 and ljmiied by Shares. TFCT owtts IIK)Yv of the ordinary shares of KL and coDtrols tbe appoinetti of dir¢ctot5. KCEL trades with the of Tai$ing fi]nth for the FTheftt of TFCT. by letting parts of the Kings C¢ntre for confuences, meetittg4 wvjdings, parti&%, sp)rts al games aEJd proVidg catering and café f¥iliti¢5. It is the intention to donate the able profits io TFCF e¥h yw by Gift Aid. KCEL'S trading results, extracted from the fiTthll¢ia] statements are below." 2022 2021 Shareholder's Funds littcluding £IIM) share capital) 20,331 16,147 Profit and IA)ss Ac¢oun¢ Tumover Expenditure Operaiing profil Other int¢r¢5t receivable Gift Aid donations to TFcr Tax on profit on ordinary aCtiticS Retained profit for the year Accurnulaiedptofit cattied fonvard 92.870 82 115J 10.755 37.789 312181 6.571 6.571 4,187 16. STOCKS 2022 2021 Finished goods 2,091 1,935 Page2l continued...
THE NTIERS CHARITABLE TRUST NOT THE FINANCIAL STATEMENfs. . FOR THE YEAR EN41)ED 31 AUGUST 21122 17. DEBTORS: Amoufffs FALLING DUE WITHIN ONE YEAR 2022 2021 Trade debtors Oiher debtors Prepaymenis atld accrued tticome 20.795 11,270 26,763 78,650 63.894 3,154 58,828 145.698 18. CREDrroRS: AMOUryTS FALLING DUE WITHIN ONE YEAR 2022 2021 Bank loaTL5 and overdrafts Isee note 20) Othti loans (set note 20) Ttadc creditors Social security and other Ls VAT Other cr¢ditOTS Accruals a[ deferred intome 5,556 15.910 5,556 83,532 9,668 ,597 8,977 5,167 22.510 9,554 4.314 6.135 6.805 54.874 130,407 19. CREDITORS: AMOLYifs FALLING AFtER MORE THAN ONE YEAR 2022 2021 Ballk loaDS Isee noie 20) Othei l(Fans (sec note ?0) 38,427 246,397 68,982 38,427 315.379 20. LOAT4S An ana]ysis of the maturity of loaTL% is wven below: 2022 2021 Amounts falling due wtthin one yeat OTL demand.. Bat)k loans OiheT loans 5.556 15,910 5,556 5,556 21.466 ATnounis f2lling between One and yean: Bank loans- 1-2 years Othet loans- 1-2 ye5 5,556 15.910 5,556 5,556 21.466 Page 22 continued...
THE FROFfflERS CHARrT TRUST NOTES TO THE FINANCIAL STATEMEpS- Coiitinued FOR THE YEAR ENDED UST 2022 20. LOANS- ¢outinutd 2022 2021 Amounts falling due between two aTKI five yr4r5'. Bank loalls- 2-5 years Other loans- 2-5 y¢atS 5.556 47,736 41,667 5.556 89.403 Arnouts falling due in Djore than five years: R¢payabl¢ by iEJStaimetLts: Bat)k loat)s more thall 5 years repayable by i8¢ts Other loans more than 5 years ryyable by instalments 27,315 182,751 21.759 204.510 27,315 21. ANALYSIS OF NET ASSETS BETWEEN FUNDS 2022 Totsl 2021 Total fimds Ut)restricted Restrirt¢d funds Fixed as5¢ts Investments CuTtent a55els CuThent liabiltiies Long tenn liabilities 9l.4fA 1.197,772 1.289.232 l(x) 334.566 154,8741 (38,427) 1.799.386 IIK) 435.276 1130,407) {315,3791 285.61 154.874) 138.427} 48,955 283,870 1.246.727 1.530.597 1,788,976 22. MOVEMEYf IN FUNDS Net movement in fuuds Ai 3118122 At LTnrestritted fDDds King5 Church fund Special Evenrs fi]nd tksignat¢d- Strategic tkveIopmt 307J70 3.043 15J46 (48,4221 11,471) 258.948 ,572 23.350 325.759 (41.889) 28J.870 Restricted funds Building Fun(f Re50uicing & Trnilling fiuMI Restricted Rtserve fund 1.394.470 2.399 66,348 {196.698) (349) {19,443} 1.197,772 2.050 46.905 1.463217 {2]6,4) 1.246.727 TOTAL FUNDS 1.788,976 {2i8,3791 1,530.597 Page 23 continued...
THE FRONTIEIi&LHARITABLE TRLTST NOTES TO THE FI.NALNCIAL STATEMEKfs- tonlinlled FOR THEAR ENDED 31 AUGUST 2022 22. MOVEMEfft IN FUNDS- eotttinued Net movement in funds. Jncluded the above are o follows: IDcoming Resources ex fvlovement in fids taed Unre5tri¢ted Kings Church fund Special Ev¢Dts ftjnd Designated- Strategr Developtnent 903.579 17.609 10.605 {957,)1 } (19,0801 12,1rf>1) 148,4221 (1,471} 931,793 (973.682) {41,889) Restricted futsd$ Buildis]g Fund Resourcing & Training fimd Restricted Reserve fund (196,6981 1349} 158.080} 1196.698) 13491 (19,4431 38,637 38.637 1255,127) {216,490) T(¥fAL FUNDS 970.430 (1 ?28,809) 1258,379) Comparatives for movtment in funds Net ovtment in fuuds Transfrts betwee fijnits At 3118121 At IN)QO UreStriCted funds Kings ChuTch fund Special Events fund De5ign#trd- Stsxtegic D¢velop]n¢nt 251,180 4.528 9.925 57.896 (1,575 12.799 (1.7061 307,370 3,043 15,346 (7.3781 265.633 69,120 {8.9941 325,759 Restricted funds Building Fud Resourcing & Traitting fijnd Restricted Re5¢rve fimd 1.416J46 5.034 88.018 (43.134) 12,8351 (9,2061 21258 2(K) (12,464) 1,394,470 2,399 66,348 1.51Y).398 {55,175} 1,463,217 TOTAL Fi4Ds 1.775.031 13,945 1,788,976 Page 24 ontinued...
FROYTIERS CHARrrABLE TRUST NOTES TO THE FIF4CLL STATEMETrITS-tODtin•ed FOR THE Y R ENDED 31 AUGUST 2022 22. MOVEMENT IN FUNDS- continued Comp¥Trtive Thet moveTh¢Dt in funds i11uded In the ab)ve are &$ follows.. It)coming Resources expended Movement ti funds UDrestricted funds Kings Church fvnd Sla1 Events fithd Designat¢d- Strategic tkvelopment 854.579 2,867 12.799 (796,6831 14.4421 57.896 {1,575) 12.799 870.245 (801.125) 69,120 Restricted fvMd$ Building Fulld Re50urcing & Trdinitig fimd Restricted Res¢rve fund 1.799 (44.933} 12.835 156,836) 143,1341 12.8351 19.2061 47.630 49,429 (104.6¢MI (55,175) TOTAL FUE4DS 919,674 (5.729) 13,945 The atld purtM)se of each fid are as follows.. RestTitted Funds The Te5tricted fvnds are 10 be ed for 5pecifLC purposes and laid dow[% by the donor. ExpeDditure tbat meets these criteria is charged to the fimd iogether with the apptopriat¢ atsd Sllprt t<hsts. a) Bllildit)g Fund This relates to monies specifitally v•] or set aside to the wwsitioD of th¢ whole building knoTrvn as The Kws Centre, 27 Eth"soll Rts4 Fa5tErf)urne and tht refiJrbisbTneDt aud development lo date of tbe builditi8. bl Resourcing and TTaining Fuud This relat¢s to the Impact ProjeeL whirh trdills adults in chUh mission attd theolo8y and NtierS Leadership One training, which trai$ adults iD chureh leadership. fora f¢¢_ ¢} Restricted ResmTe FWMI This represents tnon1¢5 Set aside &s specified for resEricted pu05¢5 atKI prior to being &ssigtted lor use to other Strictd fi]nds. Unreskn¢td Futlds The unrestricted fimds tnclude donations and other incoming resourees receivable or gene[a for the Objectives of the ChaTity without further specified PUTPOSC •nd are available as general fijnds. a) Kings Church FUlIGeneral Fwad This relaies to the activiti(¥ of Kings Chwcb, Erne. thc rmIrp of wlll.th Js io advance the Christian faith. The fi]J]d include5 actiYai¢s, governance costs, &$ well as the bujk of supwrt costs that not dIrtlY allocakd to activities in othcr funds. bl Reserye Fund This represents mOllieS 5¢t aside as free reserves io wovide flexibility to Ill•e clwiges and incre&%ed needs aTLd for the various projects of the trusL the pr15¢ allocati of which has yet to be decide cl Spe¢ia] Events Ftmd Pag¢ 25 ¢ontinLKd...
FIiONTIERS CHARITABLE TRUS.[ NOTES T THE FINNCL(L STATEfvIENTS- FOR THE YEAR ENDED 31 AUG ST 21122 22. MOVEMENT IN FUNDS- continued Various church aeti¥ity special events take plaee during the year within kn"Dgs Centre. held uJ]der the umbrclla of the Special Evenis Fund with the inieniion of the also generdting fimd5 or ai least being self fin¥ll¢ing. This qn include social, educational. STM>rtillg and youth events. orYdtÈOU5 other community activities. Designated Funds OJnrestticied} The desibmawl fiuMLs are unrestric*d fimd5 eannath by the trnstees forparticulatpuryx)ses. al Giwng Fund This r¢lares to onIeS specifically set aside by Kll)gs Church and giv¢D away to other eharities, Christian organisations and to tlM)se in The. b} StraieEiC Developmi Fllr1 Thi5 rela to monies 5y¢cifica]Iy set by Kings Churcb for stre¢ projects. RELATED PARTY DISCLOSLTRES There were no telated paty transx1lo forthe vear ended 31 August 2022. 24. MEMBERS At 31 August 2022. there were 1012021.. 101 members of the cowy. Page 26