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|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||
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||||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|
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|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|
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|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|
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|||||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|
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|||||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|
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||||||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|
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||||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|
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|||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|
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|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|
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|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|
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|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|
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|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|
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|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)|
##
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|||||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|
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|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|
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|||||||||
|---|---|---|---|---|---|---|---|
|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)|