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|---|---|---|---|---|
|Report ofthe Trustees||1|to|3|
|Report ofthe independent
Auditors||4|to|5|
|Statement ofFinancial|Activities||||
|Statement ofFinancial|Position||||
|Statement ofCash Flows|||||
|Notes to the Statement|ofCash Flows||||
|Notes to the Financial|Statements|10|to|19|
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|||||2022|2021|
|---|---|---|---|---|---|
|||||Unrestricted|Total|
|||||fund|funds|
||||Notes|||
|INCOME AND ENDOWMENTS||FROiYI||||
|Donations
and legacies|||||115,750|
|investment
income||||3,414,408|2,844,700|
|Total||||3,414,408|2,960,450|
|EXPENDITURE ON||||||
|Charitable
activities||||||
|Making Grants to Institutions||||3,041,969|2,519,578|
|Net gains on investments||||6,229,035|2,243,936|
|NET INCOME||||6,601,474|2,684,808|
|RECONCILIATION|OF FUNDS|||||
|Total funds brought
forward||||61,321,455|58,636,647|
|TOTAL FUNDS CARRIED FORWARD||||67,922,929|61,321,455|
##
|||2022|2021|
|---|---|---|---|
|||Unrestricted|Total|
|||fund|funds|
||Notes|||
|FIXEDASSETS||||
|Tangible assets|10|729,567|755,618|
|Investments||||
|Investments|11|28,460,662|26,455,641|
|Investment
property|12|44,432,555|36,365,322|
|||73,622,784|63,576,581|
|CURRENT ASSETS||||
|Debtors|13|946,033|2,633,656|
|Cash at bank and in hand||1,711,865|2,506,465|
|||2,657,898|5,140,121|
|CREDITORS||||
|Amounts
falling due within one year|14|(8,357,753)|(7,395,247)|
|NET CURRENT ASSETS||(5,699,855)|(2,255,126)|
|TOTAL ASSETSLESSCURRENT||||
|LIABILITIES||67,922,929|61,321,455|
|NET ASSETS||67,922,929|61,321,455|
|FUNDS|15|||
|Unrestricted
funds||67,922,929|61,321,455|
|TOTALFUNDS||67,922,929|61,321,455|
##
|||||STATEMENT OF CASH FLOWS|STATEMENT OF CASH FLOWS||
|---|---|---|---|---|---|---|
|||||for the year ended|31March 2022||
||||||2022|2021|
|||||Notes|||
|Cash flows from operating||activities|||||
|Cash generated
from operations|||||918,275|(68,223)|
|Interest paid|||||(175,419)|(136,257)|
|Finance costs paid|||||76||
|Tax paid|||||(4,296)|(4,713)|
|Net cash provided
by/(used||in) operating||activities|738,636|(209,193)|
|Cash flows from investing||activities|||||
|Purchase oftangible fixed|assets||||(9,836)||
|Purchase offixed asset investments
Purchase ofinvestment
property
Saleoffixed asset investments|||||(50,001)
(3,843,645 )
50,427|(3,500,000)
(8,196,501)
3,499,999|
|Sale ofinvestment
property||||||1,049,150|
|Interest received|||||177,000|122,975|
|Dividends
received|||||1,003,794|863,850|
|Net cash used in investing|activities||||(2,672,261)|(6,160,527)|
|Cash flows from financing||activities|||||
|New loans in year|||||1,139,025|3,167,269|
|Net cash provided
by financing
activities|||||1,139,025|3,167,269|
|Change ia cash and cash|equivalents||in||||
|the reporting
period|||||(794,600)|(3,202,451 )|
|Cash and cash equivalents||at the|||||
|beginning ofthe reporting||period|||2,506,465|5,708,916|
|Cash and cash equivalents||at the end|of||||
|the reporting
period|||||1,711,865|2,506,465|
##
|RECONCILIATION|RECONCILIATION|OFNET INCOME TO NET CASH FLOW FROM|OFNET INCOME TO NET CASH FLOW FROM|OPERATING ACTIVITIES|OPERATING ACTIVITIES|
|---|---|---|---|---|---|
|||||2022|2021|
|Net income for the|reporting||period (as per the Statement ofFinancial|||
|Activities)||||6,601,474|2,684,808|
|Adjustments
for:||||||
|Depreciation
charges||||35,887|33,975|
|Gain on investments||||(6,229,035)|(2,243,936)|
|Interest received||||(177,000)|(122,975)|
|Interest paid||||175,419|136,257|
|Finance costs||||(76)||
|Dividends
received||||(1,003,794 )|(863,850)|
|Decrease in debtors||||1,691,919|72,416|
|(Decrease)/increase|in|creditors||(176,519)|235,082|
|Net cash provided|by/(used||in) operations|918,275|(68,223)|
##
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||At I/4/21|Cash flow|At 31/3/22|
|---|---|---|---|
|Net cash||||
|Cash at bank and in hand|2,506,465|(794,600)|1,711,865|
||2,506,465|(794,600)|1,711,865|
|Total|2,506,465|(794,600)|1,711,865|
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|Long leasehold||2%on cost|
|---|---|---|
|Improvements|to property|10%on cost|
|Fixtures and fittings||20%on cost|
|Motor vehicles||5 to 10years|
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|DONATIONS
AND LEGACIES|||
|---|---|---|
||2022|2021|
|Gift Aided donations||92,600|
|Refund ofGifl Aid tax||23,150|
|||115,750|
|IiVVESTMENT INCOME|||
||2022|2021|
||8||
|Rents received|2,169,918|1,828,002|
|Insurance
re-charges|70,169|51,702|
|Other fixed asset invest - Fll|1,003,794|863,850|
|Deposit account interest|3|2,823|
|Other interest receivable|170,524|98,323|
||3,414,408|2,844,700|
##
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##
||||2022|2021|
|---|---|---|---|---|
|Achievement
through||collaboration - 3G Pitch|175,000||
|A J Hunter - Presence|||8,100|37,555|
|Alpha International|||10,000|10,000|
|Betel ofBritain|||60,000|60,000|
|Bethany Project||||8,000|
|Big Church Day Out|||30,000|50,000|
|Blackburn
Cathedral|Appeal|||2,000|
|Breakout Trust|||7,000|14,000|
|CF180||||28,650|
|Charis Ministries|||7,000|1,000|
|Changing
Tunes|||1,000||
|Cheer Trust|||8,000|11,000|
|Christchurch
Harpurhey|||20,500|21,000|
|Christchurch
Clevedon|||5,000|5,000|
|Christians
Against Poverty|||12,000|12,000|
|Christian
Solidarity|||15,000||
|Church Mission Society|||3,000|3,000|
|Cinnamon
Network|||55,000|74,000|
|Clitheroe Wolves||||3,570|
|Community
Resources|||15,000|15,000|
|Community
Solutions|||1,000|25,000|
|Crossgate Church||||50,500|
|CSW||||5,000|
|Dignity|||17,000|34,000|
|Everylife
Emergency||||10,000|
|Evangelical
Alliance|||10,000|10,000|
|Every Life International|||130,500|101,000|
|4Front Theatre|||5,000||
|Gateway Trust|||5,000|11,000|
|Hidden Treasure|||18,000|6,000|
|Home for Good||||5,000|
|Horne Start|||10,500|7,500|
|Hope Metro|||105,526||
|Hope Together|||10,000|10,000|
|Image and Pregnancy|Helpline||2,000||
|International
Aid Trust|||10,000||
|International
Aid Trust||- Ukraine|25,000||
|Joanna Guardian
Angel|||7,200|7,200|
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|Just-Ice Poynton||||||10,000||
|---|---|---|---|---|---|---|---|
|Kyrie Network||||||5,000||
|L'Arche|||||||1,000|
|Life Association|||||||3,000|
|Light||||||20,000||
|Linden Church||||||37,968|1,000|
|Love and Joy Ministries||||||72,000|72,000|
|Magdalene
Project||||||27,000|27,000|
|Make Jesus Known||||||20,000|20,000|
|Mary's Meals||||||158,928|158,928|
|Message Trust||||||212,052|212,052|
|Message Trust -|Prison Ministry||and Lighthouse||School|95,820|95,820|
|Message Trust -|Community|groc||ery project||38,000|50,000|
|Mission Aviation|Fellowship|||||50,000|50,000|
|New Generation|Music and|Miss'|toit|||130,504|125,504|
|Nightsafe||||||25,000|25,000|
|Noah Initiative||||||5,000|7,500|
|Northpoint
Fostering|||||||20,000|
|Oasis Centre||||||46,261|25,311|
|Open Arms International||||||69,337|98,000|
|Open Arms for Rachel||||||1,044|1,044|
|Others (less than|61,000)|||||2,278|1,432|
|PAIS|||||||5,000|
|Philo Trust||||||15,000|15,000|
|Proclaim Trust||||||10,000|10,000|
|RVCST - 3G pitch|||||||3,570|
|Saltmine Trust||||||96,000|96,000|
|Salvation Army||||||1,300|1,300|
|Sophie Hayes Foundation||||||20,500|29,500|
|Source ofHope|||||||23,500|
|Sporting Marvels||||||20,000|20,000|
|StBartholornews|CAP||||||1,000|
|Stonyhurst
Charity Day||||||1,000|1,000|
|StJames Parish Church|||||||15,000|
|StJames Parish Church for CAP||||||12,500|17,500|
|StJames Over Darwen|||||||2,500|
|SW Youth Ministries||||||5,000|2,000|
|Tear Fund||||||10,000|25,000|
|The Grand at Clitheroe||||||122,160||
|The Wayfayer Trust||||||26,500|1,500|
|TLG the Education Charity||||||50,000|50,000|
|Turi Micah Project|||||||5,000|
|The 180Project||||||70,250||
|The BigGive||||||15,000||
|24-7 Prayer||||||145,000|105,000|
|Urban Life|||||||10,000|
|Urban Saints||||||25,000|25,000|
|Vinelife Church|Manchester||||||30,000|
|Visible Ministries||||||42,500|40,000|
|Wren Bakery||||||16,000|15,000|
|Youthscape||||||40,000||
|||||||2,558,228|2,171,936|
##
|||||Governance|
|---|---|---|---|---|
|||||costs|
|||||6|
|Making|Grants|to|Institutions|210,270|
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||||2022|2021|
|---|---|---|---|---|
|Wages and salaries|||112,471|83,166|
|Social security costs|||7,409|5,038|
||||119,880|88,204|
|The average monthly|number ofemployees|during the year was as fogows:|||
||||2022|2021|
|Administrative|||1|I|
|Management|||2|1|
|Grounds|||I|1|
##
|||improvements|Fixtures|||
|---|---|---|---|---|---|
||Long|to|and|Motor||
||leasehold|property|fittings|vehicles|Totals|
||||6|||
|COST||||||
|At I April 2021|1,090,464|364,096|247,736|119,180|1,821,476|
|Additions|||9,836||9,836|
|At 31March 2022|1,090,464|364,096|257,572|119,180|1,831,312|
|DEPRECIATION||||||
|At I April 2021|425,866|275,065|245,747|119,180|1,065,858|
|Charge for year|21,809|11,129|2,949||35,887|
|At 3 I March 2022|447,675|286,194|248,696|119,180|1,101,745|
|NET BOOKVALUE||||||
|At 31 March 2022|642,789|77,902|8,876||729,567|
|At 31March 2021|664,598|89,031|1,989||755,618|
##
|FIXEDASSET INVESTMENTS||
|---|---|
||Investinents|
|MARKET VALUE||
|At I April 2021|26,455,641|
|Additions|50,001|
|Disposals|(52,000)|
|Revaluations|2,007,020|
|At 31March 2022|28,460,662|
|NET BOOK VALUE||
|At 31March 2022|28,460,662|
|At 31March 2021|26,455,641|
##
##
|Fair value|at|31March 2022 is represented|by:|||
|---|---|---|---|---|---|
|Valuation|in|2019|||1,728,221|
|Valuation|in|2022|||4,223,588|
|Cost|||||38,480,746|
||||||44,432,555|
|DEBTORS||||||
|||||2022|2021|
|Amounts|falling due within one year:|||||
|Rental income debtors||||140,073|444,663|
|Other debtors||||108,790|532,247|
|Tax||||11,850|7,554|
|Prepayments||and accrued income||288,762|270,063|
|||||549,475|1,254,527|
|Amounts|falling due atter more than one year.|||||
|Other debtors||||396,558|1,379,129|
|Aggregate|amounts|||946,033|2,633,656|
##
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##
|CREDITORS|: AMO|UNTS FALLING DUE WITHIN|ONE YEAR||
|---|---|---|---|---|
||||2022|2021|
|Trade creditors|||7,277|70,322|
|Social security|and other taxes||3,965|2,560|
|VAT|||87,203|283,830|
|Other creditors|||7,821,294|6,667,269|
|Accruals and deferred||income|438,014|371,266|
||||8,357,753|7,395,247|
|15.|MOVEMENT|MOVEMENT|IN FUNDS||||
|---|---|---|---|---|---|---|
||||||Net||
||||||movement|At|
|||||At I/4/21|in funds|31/3/22|
||Unrestricted|funds|||||
||General fund|||61,321,455|6,601,474|67,922,929|
||TOTAL FUNDS|||61,321,455|6,601,474|67,922,929|
||||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|---|
||||resources|expended|losses|in funds|
|Unrestricted||funds|||||
|General|fund||3,414,408|(3,041,969)|6,229,035|6,601,474|
|TOTAL|FUNDS||3,414,408|(3,041,969)|6,229,035|6,601,474|
||||Net||
|---|---|---|---|---|
||||movement|At|
|||At I/4/20|in funds|31/3/21|
|Unrestricted|funds||||
|General fund||58,636,647|2,684,808|61,321,455|
|TOTAL FUNDS||58,636,647|2,684,808|61,321,455|
##
##
|||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|
|||resources|expended|losses|in funds|
|Unrestricted|funds|||||
|General fund||2,960,450|(2,519,578)|2,243,936|2,684,808|
|TOTAL FUNDS||2,960,450|(2,519,578)|2,243,936|2,684,808|
||||Net||
|---|---|---|---|---|
||||movement|At|
|||At I/4/20|in funds|31/3/22|
||||8||
|Unrestricted|funds||||
|General fund||58,636,647|9,286,282|67,922,929|
|TOTAL FUNDS||58,636,647|9,286,282|67,922,929|
|||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|
|||resources|expended|losses|in funds|
|||6||||
|Unrestricted|funds|||||
|General fund||6,374,858|(5,561,547)|8,472,971|9,286,282|
|TOTAL FUNDS||6,374,858|(5,561,547)|8,472,971|9286,282|
##
||2022|2021|
|---|---|---|
|Betel ofBritain|60,000|60,000|
|Charis Ministries|6,000||
|Cheer Trust|12,000||
|Christchurch
Clevedon|5,000||
|Christians
Against Poverty|12,000||
|Church Mission Society|3,000||
|Cinnatnon
Network||55,000|
|Dignity||17,000|
|Evangelical
Alliance|10,000||
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|Everylife||130,000||
|---|---|---|---|
|Joanna Guardian|Angel|7,200|7,200|
|Kyria Network||5,000||
|Magdalene
Project||23,500||
|Mary's Meals||158,928|158,928|
|Message Trust||307,872|307,872|
|Mission Aviation|Fellowship|50,000|50,000|
|NGM||120,504||
|Iv'ightsafe|||25,000|
|Oasis Centre||45,261||
|Open Arms international||70,000|70,000|
|Philo Trust|||15,000|
|Pais Project||20,000||
|Saltmine Trust||96,000|96,000|
|Sophie Hayes Foundation||15,000||
|Sporting Marvels||20,000|20,000|
|StJames Youth worker||10,000||
|The 180Project||39,750||
|TLG Education charity||50,000||
|Urban Saints||25,000||
|Visible Ministries||22,500|20,000|
|Wayfarer Trust||1,500||
|Wren Bakery|||15,000|
|24-7 Prayer||145,000|145,000|
|||1,471,015|1,062,000|
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