REGISTERED CHARITY NUMBER: 1072264
Report of the Trustees and
Financial Statements for the Year Ended 31 December 2022
for
Champions Church
Altus Business Consulting Chartered Accountants 88-89 High Street Wordsley Stourbridge West Midlands DY8 5SB
Champions Church
Contents of the Financial Statements for the Year Ended 31 December 2022
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 4 |
| Independent Examiner's Report | 5 | ||
| Statement of Financial Activities | 6 | ||
| Statement of Financial Position | 7 | ||
| Notes to the Financial Statements | 8 | to | 15 |
| Detailed Statement of Financial Activities | 16 | to | 17 |
Champions Church
Report of the Trustees
for the Year Ended 31 December 2022
The trustees present their report with the financial statements of the charity for the year ended 31 December 2022. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Summary of objectives
A summary of the objectives of the charity set out in the governing documents are as follows:
i. The advancement of the Christian Faith in accordance with the doctrines set out in the governing document and the worship of God by any means whatsoever.
- ii. The relief of persons who are in conditions of need, hardship or who are aged or sick.
iii. The advancement of education on the basis of Christian principles.
Significant Activities
Champions Church exists primarily to advance the Christian faith by the preaching and teaching of the Bible as Gods word to mankind and as such teaches that each member is to worship God both corporately and individually by any means as an act of devotion to God.
Champions Church promotes that all men are equal before God and as such we are to share with all people in a practical way in order to alleviate hardship and distress without showing favouritism to anyone.
Champions Church provides opportunity to receive education based on Christian principles that will help them become better citizens and the opportunity to become champions for life.
Social investments
Since returning to full services after the Covid 19 pandemic the church currently holds one Sunday morning service to worship God and for bible teaching. The church youth ministry runs on a Friday evening and a further gathering for young adults takes place on a Sunday evening.
Prayer meetings are held three times each week.
Other activities include a weekly Soup Kitchen, Outreach Team, mentoring schemes run in a number of local primary and secondary schools. Champions Crèche and Champions Kids run alongside the Sunday morning services.
Annual conferences for men and women along with regular events are held. There are mentoring courses for both men an women running throughout the year.
Objectives for the year
The church's objectives for the year are to regularly see people of all ages, background, race and culture brought to faith in Jesus Christ and regular attendance at the church through personal contact, advertising and promotion through community projects and website.
Page 1
Champions Church
for the Year Ended 31 December 2022
Report of the Trustees
OBJECTIVES AND ACTIVITIES
Grant making policies
Grants are made to individuals and organisations based on the following criteria;
-
Mission organisations that are personally known to the church and are accountable for the work they do.
-
Individuals that are known to be in good standing within the church and who are deemed credible to receive training from outside the church for their Christian vocation.
-
Areas within a 5 mile radius of Netherton that are known to be in deprivation and therefore in need of extra support through schemes such as the food bank.
-
Individuals within the church community that are in need of financial assistance through hardship, distress or sickness.
During the year grants totalling £11,630 (2021: £6,135) were made to individuals and £3,344 (2021: £25,000) to institutions. Institution grants included Compassion £1,344; Nissi Homes £2,000.
Volunteers
Champions Church believes in giving as many people the opportunity to serve within the church and community in order to give them a sense of purpose and belonging in restoring hope to the community and creating a team spirit within the church. Many activities rely on individuals who serve on a voluntary basis. Well over 250 individuals are involved in voluntary activities in relation to worship services and community activities during the week.
ACHIEVEMENT AND PERFORMANCE
Fundraising activities
The church gains the vast majority of it's income in donations from it's congregation.
Public benefit
The charity trustees are satisfied that they have complied with the duty in section 4 of the Charities Act 2006 to have due regard to the public benefit guidance published by the Commission.
They consider that the activities detailed in the review of activities demonstrate public benefit.
FINANCIAL REVIEW
Financial position
Unrestricted giving to the church increased by 3.7% compared to the 2021 year. However, restricted giving to the building fund project fell and this is major contributor to the fact that the overall income fell by 4.4%.
Covid grants ceased which had accounted for almost £10,000 of income in the 2021 year.
The church held its first Youth Weeekend in September 2022, commencing with a Schools Tour culminating in over 800 secondary school aged young people attending the church for a Friday evening concert. The event was highly successful and has justified the £10,000 investment. A larger event is now planned for 2023.
Overall costs increased during the year increased including an additional member of staff. However, the church has been protected from the worst of the increases in energy costs due to a fixed deal which runs through to March 2024.
The trustees are satisfied with the financial position of the charity given the post Covid challenges.
Principal funding sources
The principle source of funding for the charity is tithes, offerings and donations from its congregation. Expenditure has been primarily towards the advancement of the Christian faith.
Page 2
Champions Church
for the Year Ended 31 December 2022
Report of the Trustees
FINANCIAL REVIEW
Reserves
At 31 December 2022 the charity had unrestricted funds totalling £1,719,536 (2021: £1,737,164) for use in achieving its objectives. the majority of these funds are tied up in the building and infrastructure of the church.
Restricted funds amounted to £652,826 (2021: £570,562) - these mainly tied up in the building infrastructure of the church.
FUTURE PLANS
-
To promote the auditorium for conferences, presentations etc.
-
To continue fund raising for the phase 3 of the building to incorporate full service coffee shop/meeting place, seminar room and church offices.
-
To increase the charity's circle of influence and effectiveness in meeting its aims and objectives by advertising to a wider audience during 2023 and 2024
-
To continue to expand our outreach programmes into the community
-
To continue to develop the growing schools work in the local area
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
The Charity is an unincorporated trust which is governed by it's Trust document
Organisational structure
| Trustees: | For the ongoing running of the charity |
|---|---|
| Pastors support team: | For the ongoing vision, direction and disciplines of the church. Headed by senior pastor. |
| Pastoral team: | For the ongoing oversight of the church congregation with regard to pastoral issues. |
| Personal advice and counsel is given at this level. |
New trustees
Recruitment of new trustees is from within the existing leadership of the church and is only open to those with a proven track record and credibility both within and outside the church.
The existing trustees discuss the nominations for the new trustees as put forward by the Senior Pastor. Counsel, with regard to the appointment of a new trustee may be sought from within the senior leadership of the church wherever necessary. Once approached, potential new trustees are given a period of time, set by the trustees, to consider the invitation. When a decision has been reached appropriate measures are taken to record and notify the relevant parties, including the charities commission.
The induction of new trustees takes place at the next meeting of the trustees where any information and training is given.
Related parties
No related party transactions have taken place in the year
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1072264
Page 3
Champions Church
Report of the Trustees
for the Year Ended 31 December 2022
Principal address
83/84 Cinder Bank Netherton Dudley West Midlands DY2 9
Trustees
T Jackson M Burchell N Mudenha (resigned 30.4.23)
Independent Examiner
Altus Business Consulting Chartered Accountants 88-89 High Street Wordsley Stourbridge West Midlands DY8 5SB
Bankers
Lloyds Bank Plc 114-116 Colmore Row Birmingham B3 3DP
Approved by order of the board of trustees on 3 May 2023 and signed on its behalf by:
T Jackson - Trustee
Page 4
Independent Examiner's Report to the Trustees of Champions Church
Independent examiner's report to the trustees of Champions Church
I report to the charity trustees on my examination of the accounts of Champions Church (the Trust) for the year ended 31 December 2022.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under Section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under Section 145(5)(b) of the Act.
Independent examiner's statement
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by Section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Altus Business Consulting Ltd The Institute of Chartered Accountants in England and Wales
Altus Business Consulting Chartered Accountants 88-89 High Street Wordsley Stourbridge West Midlands DY8 5SB
3 May 2023
Page 5
Champions Church
Statement of Financial Activities
for the Year Ended 31 December 2022
| Notes INCOME AND ENDOWMENTS FROM Donations and legacies Charitable activities Youth & Children Coffee shop Other departments Events Building hire Community activities Investment income 2 Total EXPENDITURE ON Charitable activities Youth & Children Coffee shop Other departments Pastoral and ministry Missions work Events Community activities Building Management Costs Total NET INCOME/(EXPENDITURE) RECONCILIATION OF FUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
Unrestricted funds £ 456,562 16,230 21,350 3,131 34,479 2,540 - 10 534,302 26,149 15,705 3,269 309,928 15,333 33,907 4,301 143,338 551,930 (17,628) 1,737,164 1,719,536 |
Restricted funds £ 82,264 - - - - - - - 82,264 - - - - - - - - - 82,264 570,562 652,826 |
31.12.22 Total funds £ 538,826 16,230 21,350 3,131 34,479 2,540 - 10 616,566 26,149 15,705 3,269 309,928 15,333 33,907 4,301 143,338 551,930 64,636 2,307,726 2,372,362 |
31.12.21 Total funds £ 582,946 4,496 13,606 4,385 30,542 2,470 6,622 5 |
|---|---|---|---|---|
| 645,072 | ||||
| 4,997 9,170 3,924 241,827 31,135 25,566 8,790 157,192 |
||||
| 482,601 | ||||
| 162,471 2,145,255 |
||||
| 2,307,726 |
The notes on page 0 form part of these financial statements
Page 6
Champions Church
Statement of Financial Position
31 December 2022
| Notes FIXED ASSETS Tangible assets 6 CURRENT ASSETS Debtors 7 Cash at bank CREDITORS Amounts falling due within one year 8 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES CREDITORS Amounts falling due after more than one year 9 NET ASSETS FUNDS 13 Unrestricted funds Restricted funds TOTAL FUNDS |
Unrestricted funds £ 3,775,584 20,654 20,760 41,414 (136,860) (95,446) 3,680,138 (1,960,602 ) 1,719,536 |
Restricted funds £ 604,716 - 48,110 48,110 - 48,110 652,826 - 652,826 |
31.12.22 Total funds £ 4,380,300 20,654 68,870 89,524 (136,860) (47,336) 4,332,964 (1,960,602 ) 2,372,362 1,719,536 652,826 2,372,362 |
31.12.21 Total funds £ 4,351,368 5,654 99,551 105,205 (140,201) (34,996) 4,316,372 (2,008,646 ) 2,307,726 1,737,164 570,562 2,307,726 |
|---|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 3 May 2023 and were signed on its behalf by:
T Jackson - Trustee
The notes on page 0 form part of these financial statements
Page 7
Champions Church
Notes to the Financial Statements for the Year Ended 31 December 2022
1. ACCOUNTING POLICIES
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
Income
All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.
Costs of generating funds comprise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes including the charity's shop.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Support costs are those costs incurred directly in support of expenditure on the objects of the charity and include project management.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
| Fixtures and fittings | - 20% on reducing balance |
|---|---|
| Motor vehicles | - 20% on reducing balance |
Only fixed assets costing in excess of £1,000 are capitalised and valued at historic cost. All other assets are written off directly to the Statement of Financial Activities.
Taxation
The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
continued...
Page 8
Champions Church
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
1. ACCOUNTING POLICIES - continued
Defined contribution pension schemes
The pension costs charged in the financial statements represent the contribution payable by the charity during the year.
Irrecoverable vat
Irrecoverable VAT is charged against the category of resources expended for which it was incurred.
2. INVESTMENT INCOME
3.
| INVESTMENT INCOME | ||
|---|---|---|
| 31.12.22 | 31.12.21 | |
| £ | £ | |
| Bank interest receivable | 10 | 5 |
| TRUSTEES' REMUNERATION AND BENEFITS | ||
| 31.12.22 | 31.12.21 | |
| £ | £ | |
| Trustees' salaries | 55,000 | 55,000 |
| Trustees' social security | 6,383 | 6,383 |
| Trustees' pension contributions to money purchase schemes | 1,313 | 1,313 |
| 62,696 | 62,696 |
Rev Mark Burchell receives a salary in his role as Senior Pastor and not for his Trustee responsibilities
Trustees' expenses
Travel and subsistence expenses of £1,377 (2021: £1,014) was paid to one trustee during the year.
4. STAFF COSTS
The average monthly number of employees during the year was as follows:
| 31.12.22 | 31.12.21 | |||
|---|---|---|---|---|
| Pastoral and ministry | 7 | 7 | ||
| No employees received emoluments in excess of £60,000. | ||||
| 5. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL | ACTIVITIES | ||
| Unrestricted | Restricted | Total | ||
| funds | funds | funds | ||
| £ | £ | £ | ||
| INCOME AND ENDOWMENTS FROM | ||||
| Donations and legacies | 461,218 | 121,728 | 582,946 | |
| Charitable activities | ||||
| Youth & Children | 4,496 | - | 4,496 | |
| Coffee shop | 13,606 | - | 13,606 | |
| Other departments | 4,385 | - | 4,385 | |
| Events | 30,542 | - | 30,542 | |
| Building hire | 2,470 | - | 2,470 | |
| Community activities | 6,622 | - | 6,622 |
continued...
Page 9
Champions Church
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
| 5. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - continued Unrestricted Restricted funds funds £ £ Investment income 5 - Total 523,344 121,728 EXPENDITURE ON Charitable activities Youth & Children 4,997 - Coffee shop 9,170 - Other departments 3,924 - Pastoral and ministry 241,827 - Missions work 31,135 - Events 25,566 - Community activities 8,790 - Building Management Costs 147,504 9,688 Total 472,913 9,688 NET INCOME 50,431 112,040 RECONCILIATION OF FUNDS Total funds brought forward 1,686,733 458,522 TOTAL FUNDS CARRIED FORWARD 1,737,164 570,562 |
Total funds £ 5 |
|---|---|
| 645,072 | |
| 4,997 9,170 3,924 241,827 31,135 25,566 8,790 157,192 |
|
| 482,601 | |
| 162,471 2,145,255 |
|
| 2,307,726 |
continued...
Page 10
Champions Church
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
6. TANGIBLE FIXED ASSETS
| Fixtures Freehold and property fittings £ £ COST At 1 January 2022 4,271,116 276,829 Additions 25,521 31,300 At 31 December 2022 4,296,637 308,129 DEPRECIATION At 1 January 2022 - 197,779 Charge for year - 27,588 At 31 December 2022 - 225,367 NET BOOK VALUE At 31 December 2022 4,296,637 82,762 At 31 December 2021 4,271,116 79,050 7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors Prepayments 8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Bank loans and overdrafts (see note 10) Finance leases (see note 11) Taxation and social security Other creditors |
Motor vehicles £ 18,575 - 18,575 17,374 300 17,674 901 1,201 31.12.22 £ 20,654 - 20,654 31.12.22 £ 60,029 9,720 33,034 34,077 136,860 |
Totals £ 4,566,520 56,821 |
Totals £ 4,566,520 56,821 |
|
|---|---|---|---|---|
| 4,623,341 | ||||
| 215,153 27,888 |
||||
| 243,041 | ||||
| 4,380,300 | ||||
| 4,351,367 | ||||
| 31.12.21 £ 654 5,000 5,654 31.12.21 £ 60,029 12,000 22,328 45,844 |
||||
| 140,201 |
continued...
Page 11
Champions Church
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
| Bank loans (see note 10) Finance leases (see note 11) Other creditors 10. LOANS An analysis of the maturity of loans is given below: Amounts falling due within one year on demand: Bank loan Congregational Loans Amounts falling between one and two years: Bank loan Amounts falling due between two and five years: Bank loans - 2-5 years Amounts falling due in more than five years: Repayable by instalments: Bank loans more 5 yr by instal Repayable otherwise than by instalments: Congregational Loans 11. LEASING AGREEMENTS |
31.12.22 £ 1,877,804 12,798 70,000 1,960,602 31.12.22 £ 60,029 12,433 72,462 60,029 180,087 1,637,688 70,000 |
31.12.21 £ 1,935,646 3,000 70,000 |
|---|---|---|
| 2,008,646 | ||
| 31.12.21 £ 60,029 32,033 |
||
| 92,062 | ||
| 60,029 | ||
| 180,087 | ||
| 1,695,530 70,000 |
||
Minimum lease payments under finance leases fall due as follows:
| Finance | leases | |
|---|---|---|
| 31.12.22 | 31.12.21 | |
| £ | £ | |
| Net obligations repayable: | ||
| Within one year | 9,720 | 12,000 |
| Between one and five years | 12,798 | 3,000 |
| 22,518 | 15,000 |
continued...
Page 12
Champions Church
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
12. SECURED DEBTS
The following secured debts are included within creditors:
| 31.12.22 | 31.12.21 | |
|---|---|---|
| £ | £ | |
| Bank loans | 1,937,833 | 1,995,675 |
The bank loan is secured by a legal charge over the land and buildings known Champions Church at Cinderbank, Netherton, Dudley, West Midlands.
13. MOVEMENT IN FUNDS
| Unrestricted funds General fund Restricted funds Building fund TOTAL FUNDS Net movement in funds, included in the above are as follows: Unrestricted funds General fund Restricted funds Building fund TOTAL FUNDS |
At 1.1.22 £ 1,737,164 570,562 2,307,726 Incoming resources £ 534,302 82,264 616,566 |
Net movement in funds £ (17,628) 82,264 64,636 Resources expended £ (551,930) - (551,930) |
At 31.12.22 £ 1,719,536 652,826 2,372,362 Movement in funds £ (17,628) 82,264 64,636 |
|
|---|---|---|---|---|
continued...
Page 13
Champions Church
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
13. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| At 1.1.21 £ Unrestricted funds General fund 1,686,733 Restricted funds Building fund 458,522 TOTAL FUNDS 2,145,255 Comparative net movement in funds, included in the above are as follows: Incoming resources £ Unrestricted funds General fund 523,344 Restricted funds Building fund 121,728 TOTAL FUNDS 645,072 A current year 12 months and prior year 12 months combined position is as follows: At 1.1.21 £ Unrestricted funds General fund 1,686,733 Restricted funds Building fund 458,522 TOTAL FUNDS 2,145,255 |
Net movement in funds £ 50,431 112,040 162,471 Resources expended £ (472,913) (9,688) (482,601) Net movement in funds £ 32,803 194,304 227,107 |
At 31.12.21 £ 1,737,164 570,562 |
|
|---|---|---|---|
| 2,307,726 | |||
| Movement in funds £ 50,431 112,040 162,471 At 31.12.22 £ 1,719,536 652,826 |
|||
| 2,372,362 |
continued...
Page 14
Champions Church
Notes to the Financial Statements - continued for the Year Ended 31 December 2022
13. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| £ | £ | £ | |
| Unrestricted funds | |||
| General fund | 1,057,646 | (1,024,843 ) | 32,803 |
| Restricted funds | |||
| Building fund | 203,992 | (9,688) | 194,304 |
| TOTAL FUNDS | 1,261,638 | (1,034,531 ) | 227,107 |
14. RELATED PARTY DISCLOSURES
In her role as Senior Pastor Mrs Gillian Burchell received a salary, she is the spouse of Senior Pastor and Trustee Mark Burchell.
In his role as Youth Pastor Mr Caleb Burchell received a salary, he is the son of Trustee Mark Burchell
15. OTHER LOANS
The loans from congregation members represent amounts from two members of the congregation. These loans have no interest. One loan is being repaid with a final repayment date of March 2023, Two loans have no repayment schedule.
Page 15
Champions Church
Detailed Statement of Financial Activities for the Year Ended 31 December 2022
| Detailed Statement of Financial Activities for the Year Ended 31 December 2022 |
||
|---|---|---|
| 31.12.22 | 31.12.21 | |
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies | ||
| Building donations | 82,265 | 121,730 |
| Church donations | 395,412 | 381,467 |
| Gift aid refunds | 61,149 | 67,130 |
| Grants | - | 12,619 |
| 538,826 | 582,946 | |
| Investment income | ||
| Bank interest receivable | 10 | 5 |
| Charitable activities | ||
| Youth & Children's | 16,230 | 4,496 |
| Coffee shop | 21,350 | 13,606 |
| Other departments income | 3,131 | 4,385 |
| Events | 34,479 | 30,542 |
| Building hire | 2,540 | 2,470 |
| Community activities | - | 6,622 |
| 77,730 | 62,121 | |
| Total incoming resources | 616,566 | 645,072 |
| EXPENDITURE | ||
| Charitable activities | ||
| Trustees' salaries | 55,000 | 55,000 |
| Trustees' social security | 6,383 | 6,383 |
| Trustees' pension contributions | 1,313 | 1,313 |
| Wages | 162,971 | 135,888 |
| Social security | 9,909 | 6,979 |
| Pensions | 1,654 | 1,500 |
| Youth & Children | 26,149 | 4,997 |
| Coffee shop | 15,705 | 9,170 |
| Other departments | 3,269 | 3,924 |
| Events | 33,907 | 25,566 |
| Community activities | 4,301 | 8,790 |
| Service Costs | 11,176 | 10,476 |
| Grants to institutions | 3,344 | 25,000 |
| Grants to individuals | 11,630 | 6,135 |
| 346,711 | 301,121 |
This page does not form part of the statutory financial statements
Page 16
Champions Church
Detailed Statement of Financial Activities for the Year Ended 31 December 2022
| Detailed Statement of Financial Activities for the Year Ended 31 December 2022 |
||
|---|---|---|
| 31.12.22 | 31.12.21 | |
| £ | £ | |
| Support costs | ||
| Management | ||
| Equipment hire | 15,912 | 12,240 |
| Rates and water | 4,047 | 3,249 |
| Light and heat | 25,976 | 23,936 |
| Advertising | 1,135 | 3,233 |
| Rent | 4,905 | 4,296 |
| Repairs and maintenance | 15,010 | 17,001 |
| Insurance | 13,811 | 14,977 |
| Motor and travelling costs | 8,294 | 3,231 |
| Other office expenses | 20,672 | 15,727 |
| Depreciation and impairment | 27,888 | 25,817 |
| 137,650 | 123,707 | |
| Governance costs | ||
| Bank Charges | 2,057 | 2,097 |
| Mortgage | 65,512 | 55,676 |
| 67,569 | 57,773 | |
| Total resources expended | 551,930 | 482,601 |
| Net income | 64,636 | 162,471 |
This page does not form part of the statutory financial statements
Page 17