| CONTENTS | ||||
|---|---|---|---|---|
| Page | ||||
| Trustees' Report |
1-6 | |||
| Independent | Auditors' | Report | 7-9 | |
| Consolidated | Statement | of Financial Activities | 10 | |
| Balance Sheet | ||||
| Consolidated | Cash Flow | Statement | 12 | |
| Notes to the | Financial | Statements | 13-24 |
| Unrestricted | Restricted | Total funds | Totalfunds | ||
|---|---|---|---|---|---|
| Notes | funds | funds | 2022 | 8months ended |
|
| INCOME FROM | 31August 2021 | ||||
| 6 | 6 | f | |||
| Donations and legacies |
2 | 2,015,542 | 39,271 | 2,054,813 | 1,306,516 |
| Charitable Activities |
|||||
| Housing and Work Support |
30,954 | 30,954 | 28,833 | ||
| Conferences and other events |
805,457 | 805,457 | 1,836 | ||
| Trading activities | |||||
| Investments | 686 | 686 | 148 | ||
| Other | 3,549 | ||||
| Trading Subsidiary | 141,973 | 141,973 | 17,057 | ||
| Total income | 2,963,658 | 70,225 | 3,033,883 | 1,357,939 | |
| EXPENDITURE ON | |||||
| Raising Funds | 25,800 | 25,800 | 7,862 | ||
| Trading Subsidiary | 20,316 | 20,316 | 8,037 | ||
| Charitable activities |
|||||
| Conference costs | 851,211 | 851,311 | 24,289 | ||
| Cafe and Bookshop costs | |||||
| Pastoral costs | 1,172,927 | 143,504 | 1,316,431 | 906,003 | |
| Mission support costs | 652,470 | 652,470 | 377,321 | ||
| Housing and Work Support |
122,662 | 122,662 | 82,693 | ||
| Total expenditure | 3 | 2,722,824 | 266,166 | 2,988,989 | 1,406,205 |
| Net income (expenditure) | 240,934 | (195,941) | 44,893 | (48,266) | |
| Transfers between funds |
12/ | (109,250) | 109,250 | ||
| 13 | |||||
| Net movement in funds |
131,684 | (86,691) | 44,893 | (48,266) | |
| Fund balances brought forward at |
|||||
| 1 September 2021 | 1,423,010 | 1,217,886 | 2,640,896 | 2,689,162 | |
| Fund balances carried forward | |||||
| at 31August 2022 | 12 | 1,554,594 | 1,131,195 | 2,685,789 | 2,640,896 |
| Notes | 2022 | 2021 | 2022 | 2021 | |
|---|---|---|---|---|---|
| Group 8 |
Group 6 |
Charity 8 |
Charity 8 |
||
| FIXEDASSETS | |||||
| Tangible assets | 6 | 1,601,795 | 1,709,139 | 1,601,795 | 1,709,139 |
| CURRENT ASSETS | |||||
| Debtors | 7 | 91,522 | 118,631 | 118,126 | 168,592 |
| Cash at bank and in hand | 1,544,447 | 1,011,390 | 1,320,643 | 856,710 | |
| 1,635,970 | 1,130,021 | 1,438,769 | 1,025,301 | ||
| CREDITORS - AMOUNTS | |||||
| FALLING DUE WITHIN ONE YEAR | 8 | (320,099) | (198„264) | (256,117) | (147,575) |
| NET CURRENT ASSETS | 1,315,971 | 931,757 | 1,182,652 | 877,726 | |
| CREDITORS - AINOUNTS | |||||
| FALLING DUE AFTER ONE YEAR | 9 | (231,876) | (231,876) | ||
| TOTAL ASSETS LESSCURRENT | |||||
| LIABILITIES AND NETASSETS | 2,685,789 | 2,640,896 | 2,552,571 | 2,586,865 | |
| FUNDS | |||||
| Unrestricted funds |
|||||
| General funds | 12 | 578,658 | 527,131 | 518,166 | 588,145 |
| Designated funds |
12 | 975,936 | 895,879 | 975,936 | 895,879 |
| Restricted funds | 13 | 1,131,195 | 1,217,886 | 1,058,469 | 1,102,841 |
| TOTALFUNDS | 14 | 2,685,789 | 2,640,896 | 2,552,571 | 2,586,865 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Reconciliation ofnet movement | In funds | |||
| to net cash flows from operating | activities | |||
| Net movement in funds |
44,893 | (48,266) | ||
| Investment income |
(686) | (148) | ||
| Depreciation | 87,145 | 106,566 | ||
| Decrease in stock |
||||
| (Increase)/Decrease in debtors |
27,108 | (14,443) | ||
| Increase/(decrease) in creditors |
108,767 | 38,972 | ||
| Net cash inflow (outflow) from operating | 267,228 | 82,680 | ||
| activities | ||||
| Returns on investments and servicing of |
||||
| finance | ||||
| New Loan in the year | 250,000 | |||
| Loan Repayments in the year |
(5,056) | |||
| Investment income received |
686 | 148 | ||
| Net cash inflow from returns on | 245,629 | 148 | ||
| investments and servicing offinance |
||||
| Capital expenditure | ||||
| Purchase oftangible fixed assets | ||||
| Disposal oftangible fixed assets | 20,199 | |||
| Net cash outflow from capital expenditure | 20,199 | |||
| Increase/(decrease) in cash in the Year |
533,057 | 82,828 | ||
| Reconciliation ofnet cash flow to |
||||
| movement in net cash funds |
||||
| Net funds at beginning ofthe Year |
1,011,390 | 928,562 | ||
| Change in net funds during the Year |
533,057 | 82,828 | ||
| Net funds at end ofthe Year | 1,544,447 | 1,011,390 |
| Freehold | Property | 2o/o |
|---|---|---|
| Fixtures, | Fittings and Office Equipment | 20'/0 |
| Motor Vehicles | 304/o |
| 2 | VOLUNTARY INCOIIE | VOLUNTARY INCOIIE | VOLUNTARY INCOIIE | VOLUNTARY INCOIIE | |||||
|---|---|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||||
| 6 | |||||||||
| Donations | and | other | funding | 2,015,542 | 1,271,390 | ||||
| Restricted | donations | and | grants | 39,271 | 35,126 | ||||
| 2,054,813 | 1,306,516 | ||||||||
| 3 | TOTAL RESOURCES | EXPENDED | |||||||
| Staff | Other | Total | Total | ||||||
| Depreciation | Costs | Costs | 2022 | 2021 | |||||
| 8 | 6 | 6 | 6 | ||||||
| Conference | costs | 7,007 | 32,952 | 811,352 | 851,311 | 24,289 | |||
| Fundraising | and publicity | 21,968 | 3,833 | 25,800 | 7,862 | ||||
| Pastoral costs | 71,378 | 762,811 | 482,242 | 1,316,431 | 906,003 | ||||
| Mission Support costs | 8,760 | 336,990 | 306,720 | 652,470 | 377,321 | ||||
| Housing and |
Work | Support | 55,997 | 66,664 | 122,662 | 82,693 | |||
| Trading Subsidiary | Expenditure | 20,316 | 20,316 | 8,037 | |||||
| 87,145 | 1,210,718 | 1,691,126 | 2,988,989 | 1,406,205 |
| 2022 | 2021 | ||
|---|---|---|---|
| 6 | 8 | ||
| Audit | fees | 12,820 | 11,295 |
| Other | services | 4,183 | 3,071 |
| 17,003 | 14,366 |
| llo | wing trustees | received a sala | ry from the charitable co |
mpany during |
the Year: |
|---|---|---|---|---|---|
| Salary | Pension | ||||
| K | Ball | F23,703 | (2021 —L4,611) | F1,659 | (2021 —L'323) |
| S | J Horne | 649,445 | (2021 —L'32,190) | F5,933 | (2021 —63,863) |
| N | Jones | L49,895 | (2021 —632,190) | F7,484 | (2021 —64,829) |
| 2022 | 2021 | ||
|---|---|---|---|
| Number | Number | ||
| Pastoral | and Mission Support | 17 | 19 |
| BuildingsRettings | 4 | 3 | |
| Housing | and Work Support | 2 | 2 |
| Support | and administration | 6 | 6 |
| 30 |
| 6 | TANGIBLE FIXEDASSETS | |||
|---|---|---|---|---|
| Fixtures, | ||||
| fittings | ||||
| Freehold | and offfce | |||
| property | equipment | Total | ||
| 6 | 6 | 6 | ||
| COST | ||||
| Parent Company | ||||
| At 1 August 2021 Disposals |
3,112,637 | 1,316,253 (761,303) |
4,428,890 (761,303) |
|
| At 31August 2022 | 3,112,637 | 554,950 | 3,667,587 | |
| Subsidiary at 1 August 2021 |
||||
| Additions | ||||
| Subsidiary at 31August 2022 | ||||
| Group at 31 August 2022 | 3,112,637 | 554,950 | 3,667,587 | |
| ACCUMULATED DEPRECIATION |
||||
| Parent Company | ||||
| At 1 August 2021 Charge for the Year |
1,539,747 52,107 |
1,180,004 35,038 |
2,719,751 87,145 |
|
| Disposals | (741,104) | (741,104) | ||
| At 31 August 2022 | 1,591,854 | 473,938 | 2,065,792 | |
| Subsidiary | ||||
| At 1 August 2021 | ||||
| Charge for the Year | ||||
| At 31 August 2022 | ||||
| Group at 31August 2022 | 1,591,854 | 473,938 | 2,065,792 | |
| NET BOOKVALUES | ||||
| Parent Company at 31 August 2022 | 1,520,783 | 81,012 | 1,601,795 | |
| Subsidiary at 31August 2022 | ||||
| Group at 31 August 2022 | 1,520,783 | 81,012 | 1,601,795 | |
| At 31 August 2021 | 1,572,890 | 136,249 | 1,709,139 |
| EBTORS | |||||
|---|---|---|---|---|---|
| 2022 | 2021 | 2022 | 2021 | ||
| Group 6 |
Group 8 |
Charity K |
Charity 8 |
||
| DUE WITHIN | ONE YEAR | ||||
| Other debtors | 73,325 | 36,939 | 112,126 | 87,369 | |
| Prepayments | and accrued income | 18,197 | 81,692 | 6,000 | 81,222 |
| 91,522 | 118,631 | 118,126 | 168,592 |
| 2022 | 2021 | 2022 | 2021 | ||
|---|---|---|---|---|---|
| Group 8 |
Group E |
Charity 8 |
Charity8 | ||
| Taxation and social security Bank loan |
105 13,068 |
(1,634) | (8,728) 13,068 |
(5,985) | |
| Accruals and deferred | income | 306,926 | 199,899 | 251,777 | 153,560 |
| 320,099 | 198,264 | 256,117 | 147,575 |
| 2022f | 2021 E |
||||
|---|---|---|---|---|---|
| Amounts | falling due with one | year on demand | |||
| Mortgage | 13,068 | ||||
| Amounts | falling due between | one and two years | |||
| Mortgage | —1-2 years | 13,552 | |||
| Amounts | falling due between | two and five years | |||
| Mortgage | —2-5 years | 43,744 | |||
| Amounts | falling due in more | than five years | |||
| Mortgage | 174,580 | ||||
| CURED | DEBTS | ||||
| ing secured debts are included | within creditors: | ||||
| 2022 | 2021 | ||||
| 8 | |||||
| Mortgage | 244,944 |
| 12 UNRESTRICT |
E | D FUNDS | ||||||
|---|---|---|---|---|---|---|---|---|
| Balance at | Movement | in resources | Balance at | |||||
| Group and Charity | 1 September | 31August | ||||||
| 2021 | Incoming | Ou'tgolrlg | Transfers | 2022 | ||||
| Designated fund |
6 | 6 | 6 | 6 | 6 | |||
| Gift Day fund | 418,484 | (34,734) | (195,962) | 187,788 | ||||
| Maintenance fund |
4,413 | 4,413 | ||||||
| Newday Offering fund |
42,364 | 65,748 | (355) | (42,364) | 65,393 | |||
| Contingency fund |
55,414 | 11,991 | (117,697) | 292,430 | 242,138 | |||
| Social Action funds | 85,755 | 3,777 | (17,638) | 5,228 | 77,122 | |||
| Ministry funds | 47,336 | 12,514 | (19,755) | 37,558 | 77,653 | |||
| Church Planting funds |
116,333 | 29,451 | (95,080) | 50,704 | ||||
| Sphere Contingency Oasis Building fund General fund |
& | Opportunities | 69,064 475,200 527,131 |
22,460 2,399,233 |
(20,155) (9,900) (2,407,510) |
(21,000) (244,944) 59,804 |
50,369 220,356 578,658 |
|
| 1,423,010 | 2,963,658 | (2,722,824) | (109,250) | 1,554,594 |
| Balance at | Movement | Movement | In resources | In resources | Balance at | |
|---|---|---|---|---|---|---|
| Group | 1 September | 31August | ||||
| 2021 | Incoming | Outgoing | Transfers | 2022 | ||
| E | E | E | E | E | ||
| Building fund | 1,097,690 | (42,207) | 1,055,483 | |||
| Ottawa fund | 5,151 | 188 | (2,353) | 2,986 | ||
| Charity sub total | 1,102,841 | 188 | (44,560) | - | 1,058,469 | |
| Oaks Trust | 78,138 | 39,084 | (98,945) | 16,000 | 34,277 | |
| Friends First | 36,907 | 30,954 | (122,662) | 93,250 | 38,449 | |
| 1,217,886 | 70,225 | (266,126) | 109,250 | 1,131,195 | ||
| Balance at | Movement | in resources | Balance at | |||
| Group | 1January | 31August | ||||
| 2021 6 |
Incoming 6 |
Outgoing | Transfers 6 |
2021 E |
||
| Building fund | 1,139,897 | (42,207) | 1,097,690 | |||
| BSLcourse | 13 | (13) | ||||
| Ottawa fund | 10,181 | 569 | (5,599) | 5,151 | ||
| Charity sub total | 1,150,091 | 569 | (47,819) | 1,102,841 | ||
| Oaks Trust | 70,217 | 34,557 | (31,426) | 4,790 | 78,138 | |
| Friends First | 28,767 | 28,833 | (82,693) | 62,000 | 36,907 | |
| 1,249,075 | 63,959 | (161,938) | 66,790 | 1,217,886 |
| Tangible | |||||
|---|---|---|---|---|---|
| Group | fixed | Net current | Long term | ||
| assets | assets | liabilities | Total | ||
| E | E | E | E | ||
| Restricted | funds | ||||
| Building fund | 1,055,483 | 1,055,843 | |||
| Ottawa fund | 2,986 | 2,986 | |||
| Charity sub | total | 1,055,483 | 2,986 | 1,058,469 | |
| Subsidiaries | |||||
| Oaks Trust | 34,277 | 34,277 | |||
| Friends First | 38,449 | 38,449 | |||
| Unrestricted | funds | ||||
| General funds | 81,012 | 497,646 | 578,658 | ||
| Designated | funds | 465,300 | 742,513 | (231,876) | 975,936 |
| 1,709,139 | 1,315,971 | (231,876) | 2,685,889 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| E | E | |||||
| Total | future | minimum | lease | commitment | E1,007 | |
| horn |