2022-03-31-accounts

Trustees				Revd LCheshire
				Rev S Derbyshire
				Rev. D Langton
				Dr L Logan MBE
				Rev Christopher	Scott
Charity	number			1069777
Company		number		03550328
Principal	address			Wilkerson House
				Uphall Road
				llford
				Essex
				IG1 2JJ
Registered			office	Essex House
				8The Shrubberies
				George Lane
				South Woodford
				London
				United Kingdom
				E181BD
Independent			examiner	Caton Fry 8 Co Ltd
				Essex House
				7The Shrubberies
				George Lane
				South Woodford
				London
				E181BD
Bankers				Barclays Bank
				180 High Road
				llford
				Essex
				IG1 1LS
Solicitors				Red Kite Solicitiors
				14-15Spilman Street
				Carmarthen
				West Wales
				SA31 1SR
Project	manager			Javier Lesta-Candal

			Page
Trustees' report			1-6
Independent examiner's		report
Statement offinancial	activities
Balance sheet
Statement ofcash flows			10
Notes to the financial	statements		11-22

Accredited, by City and Guilds	Accredited, by City and Guilds
Level 3Award in Education	and	Training
Level 1 Functional Skills English
Level 2 Functional Skills English
Level 1 Effective Communication
Level 1 Effective Skills and	Qualities
Level 1 Managing Personal	Finance
Level 1 Equality and Diversity
Level 1 Employability Personal		Development	Award
Level 1 ICT
Level 2 ICT
TOTAL				53
Accredited by Highfield Online Learning
Level 2 Food Safety				17
Equality and Diversity
Health and Safety Level 2
First Aid at Work
Managing Conflict
Team-Work
Customer Services Level 2
Manual Handling
Warehousing and Storage
TOTAL				42
Accr'edited by.ROSPA
Introduction to Energy
TOTAL OFALL COURSES				106

FOR THE Y		EAR ENDED 31MARCH 2022
					I
				Unrestricted	Unrestricted
				funds	funds
				2022	2021
			Notes	K	F
~ln m from:
Donations and	legacies			410,267	375,191
Trading activities				263,459	259,502
Other income				63,133	48,683
Total income				736,859	683,376
Ex ndi re	n:
Raising funds				2,504	2,563
Charitable activities				587,335	479,733
Total resources		expended		589,839	482,296
Net income for		the year/
Net movement		in funds		147,020	201,080
Fund balances	at 1 April 2021			1,012,226	811,145
Fund balances		at 31 INarch 2022		1,159,246	1,012,225

				2022		2021
			Notes	F		E
Fixed assets
Tangible assets			13		1,565,859		1,535,517
Current assets
Debtors			14	67,607		73,291
Cash at bank and	in	hand		261,994		185,772
				329,601		259,063
Creditors: amounts		falling due within
one year			15	(109,691)		(94,340)
Net current assets					219,910		164,723
Total assets less	current liabilities				1,785,769		1,700,240
Creditors: amounts		falling due after
more than one year			16		(626,523)		(688,015)
Net assets					1,159,246		1,012,225
Income funds
Unr s ri t d funds
Designated funds			18	65,000		65,000
General unrestricted		funds		1,094,246		947,225
					1,159,246		1,012,225
					1,159,246		1,012,225

				2022		2021
			Notes	f		f
Cash flows from operating		activities
Cash generated from operations			21		121,656		148,164
Investing	activities
Purchase	oftangible fixed assets			(49,784)		(35,488)
Investment	income			63,133		48,683
Net cash	generated from	investing
activities					13,349		13,195
Financing	activities
Repayment	ofbank loans			(58,783)		(9,993)
Net cash	used in financing	activities			(58,783)		(9,993)
Net increase in cash and cash equivalents					76,222		151,366
Cash and	cash equivalents	at beginning	ofyear		185,772		34,405
Cash and	cash equivalents	at end of	year		261,994		185,772

					Unrestricted	Unrestricted
					funds	funds
					2022	2021
					F	F
Donations	and gifts				370,267	375,191
Legacies receivable					40,000
					410,267	375,191
Grants included		in donations		and gifts
Coronovirus	Job	Retention	Scheme		24,532	32,654
City Gate Church					45,646	57,980
The Lind Trust						13,260
					70,178	103,894

			2022f	2021
Students'	housing	benefits	228,019	221,096
Students'	DWP benefits		32,835	35,282
Tuck shop	sales		2,605	3,124
			263,459	259,502

		Unrestricted	Unrestricted
		funds	funds
		2022f	2021
Rental	income	63,110	48,635
Interest	receivable	23	48
		63,133	48,683

			Unrestricted	Unrestricted
			funds	funds
			2022f	2021 F
Raisin	donations	and le acies
Staff costs			2,504	2,563
			2,504	2,563

Charitable act	ivi	ties
			Rehab-	Outreach	Egangs	Total	Rehab-	Outreach	Egangs	Total
			ilitation	ministry		2022	ilitation	ministry		2021
			2022	2022	2022		2021	2021	2021
			E		E	F	E	f	F	E
Staff costs			314,209	2,640		316,849	274,440	2,563		277,003
Costs ofresidence	8	catering	44,376	21		44,397	51,392			51,392
Travel			18,561	2,472	206	21,239	9,425	9,363		18,788
Donations			10,890	10,830	15,105	36,825	4,735	500	15,075	20,310
Training centre			773			773	1,883			1,883
Bank loan interest			19,698			19,698	22,220			22,220
			408,507	15,963	15,311	439,781	364,095	12,426	15,075	391,596
Share ofsupport costs (see note 8)			98,780	7,378		106,158	67,320			71,727
Share ofgovernance		costs (see note 8)	41,396			41,396	16,410			16,410
			548,683	23,341	15,311	587,335	447,825	16,833	15,075	479,733

Support	c	osts
			Support	Governance	2022	Support	Governance	2021
			costs	costs		costs	costs
			f	f		E
Depreciation			19,442		19,442	9,574		9,574
Rent, rates		&water	26,294		26,294	22,840		22,840
Light and	heat		16,418		16,418	16,173		16,173
Repairs &	renewals		25,149		25,149	13,192		13,192
Office			13,082		13,082	8,337		8,337
Finance			5,773		5,773	1,611		1,611
Legal and	professional			37,952	37,952		12,966	12,966
Independent		examination		3,444	3,444		3,444	3,444
			106,158	41,396	147,554	71,727	16,410	88,137
Analysed	between
Charitable		activities	106,158	41,396	147,554	71,727	16,410	88,137

9	Net movement in funds			2022	2021
				E
	Net movement in funds	is stated	after charging/(crediting)
	Depreciation ofowned tangible		fixed assets	19,442	9,574
	(Profit)/Loss on disposal	offixed	assets		(1,400)
	Independent examination			3,243	3,150
	Bank loan interest			32,274	33,020
	Operating lease charges			1,168	926

The average	monthly number ofemployees during th	e year was:
		2022	2021
		Number	Number
Managers		2	3
Support		11	6
Administration		1	1
Total		14
Employment	costs	2022f	2021f
Wages and salaries		293,189	258,511
Social security	costs	20,772	16,833
Other pension	costs	5,392	4,222
		319,353	279,566

Cost
At 1 April 2021
Additions
At 31 March	2022
Depreciation	and impairment
At 1 April 2021
Depreciation	charged	in the year
At 31 March	2022
Carrying amount
At 31 March	2022
At 31 March	2021

Freehold land	Improvements	Fixtures and	Computers	Motor vehicles		Total
and buildings	to property	fittings
E		E
1,508,882	401,348	103,370	6,407	121,199		2,141,206
	12,660	37,124				49,784
1,508,882	414,008	140,494	6,407	121,199		2,190,990
	401,348	96,625	6,407	101,309		605,689
	1,266	11,546		6,630		19,442
	402,614	108,171	6,407	107,939	.	625,131
1,508,882	11,394	32,323		13,260		1,565,859
1,508,882		6,745		19,890		1,535,517

13	Tangible fixed	Tangible fixed	assets	assets				(Continued)
14	Debtors
							2022	2021
	Amounts falling due			within one year:			E
	Other debtors						65,200	63,648
	Prepayments	and accrued income					2,407	9,643
							67,607	73,291
15	Creditors: amounts			falling due within one year
							2022	2021
						Notes		E
	Bank loans					17	67,716	65,008
	Other taxation		and social security				6,560	5,490
	Trade creditors						16,914	2,922
	Other creditors						5,403	9,327
	Accruals and deferred			income			13,098	11,593
							109,691	94,340
16	Creditors: amounts			falling due after more than one year
							2022	2021
						Notes	E
	Bank loans					17	626,523	688,015
17	Loans and overdrafts
							2022	2021
							E
	Bank loans						694,239	753,023
	Payable within		one year				67,716	65,008
	Payable after	one year					626,523	688,015
	Amounts included above which				fall due aRer five years:
	Payable by instalments						(296,830)	(363,139)

				Movement		Movement
				in funds		in funds
			Balance at	Incoming	Balance at	Incoming	Balance at
		1	April 2020 f	resources f	1April 2021f	resources f	31 March 2022 F
Refurbishment	ofrooms			65,000	65,000		65,000
				65,000	65,000		65,000

non-cancellable operating leases, which fall due as follows	:
	2022	2021
	F
Within one year	1,248	1,248
Between two and five years	1,560	2,808
	2,808	4,056

					2022f	2021f
Total	key	management	personnel	remuneration	45,075	45,075

21	Cash generated from	operations				2022	2021f
	Surplus for the year					147,020	201,080
	Adjustments for:
	Investment income recognised in statement		offinancial	activities		(63,133)	(48,683)
	Depreciation and impairment oftangible fixed assets					19,442	9,574
	Movements in working	capital:
	Decrease/(increase) in	debtors				5,684	(20,984)
	Increase in creditors					12,643	7,177
	Cash generated from	operations				121,656	148,164
22	Analysis ofchanges	in net (debt)/funds
					At 1 April 2021f	Cash flowsAt 31IIarch 2022
	Cash at bank and in hand				185,772	76,222	261,994
	Loans falling due within	one year			(65,008)	(2,708)	(67,716)
	Loans falling due after	more than one year			(688,015)	61,492	(626,523)
					(567,251)	135,006	(432;245)