2022-03-31-accounts - The Capernwray Missionary Fellowship Of Torchbearers

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			Page
Reference and Administrative Details
Report ofthe Trustees		2	to	6
Report ofthe Independent Auditors		7	to	10
Consolidated Statement ofFinancial	Activities
Consolidated Balance Sheet			12
Charity Balance Sheet			13
Consolidated Cash Flow Statement			14
Notes to the Consolidated Cash Flow	Statement		15
Notes to the Financial Statements		16	to	32

Trustees			Mr BJ Sweeney (resigned 24/6/2021)	Mr BJ Sweeney (resigned 24/6/2021)	Mr BJ Sweeney (resigned 24/6/2021)	Mr BJ Sweeney (resigned 24/6/2021)
			Mr M Thompson
			Mr N Wrigley
			Rev S S Abel Boanerges (resigned			11/2/2022)
			Rev A RWadsworth
			Mrs N LFirth (appointed 10/12/2021)
Company	secretary		Mrs JA Burrows
Registered	office		Capernwray Hall
			Capernwray
			CARNFORTH
			LA6 IAG
Registered	company	number	03573958(England	and	Wales)
Registered	charity number		1073139
Auditors			Xeinadin Audit Limited
			Chartered Accountants		and Statutory		Auditors
			Dalton House
			9Dalton Square
			LANCASTER
			LA1 1WD
Accountants			Scott dc Wilkinson
			Dalton House
			9Dalton Square
			LANCASTER
			LA1 IWD

						2022	2021
				Unrestricted	Restricted	Total	Total
				fund	funds	funds	funds
			Notes	f.
Income and endowments		from
Donations and legacies			2	204,229	24,592	228,821	387,442
Charitable activities
Bible schools, courses	and	conferences		1,222,209	4,655	1,226,864	679,953
Investment income Other income			3	1,976 87,740		1,976 87,740	4,030 ~68 647
Total				1,516,154	29,247	1,545,401	1,140,072
Expenditure on
Raising funds			5	39,736		39,736	25,572
Charitable activities			6
Bible schools, courses	and	conferences		1,621,544	4,972	1,626,516	1,360,533
Outreach							89
Other				108,758		108,758	69,334
Total				1770038	4972	1775 D1D	1,455,528
NET INCOME/(EXPENDITURE)				(253,884)	24,275	(229,609)	(315,456)
Transfers between funds			21	4,680	~4,680)
Other recognised gains/(losses)
Actuarial gains/(losses)	on	defined benefit
schemes				143 5DD		143,500	~265 000)
Net movement in funds				(105,704)	19,595	(86,109)	(580,456)
Reconciliation offunds
Total funds brought	forward			4,950,458	66,695	5,017,153	5,597,609
Total funds carried forward				4 844 754	86 290	4,931,044	5 017 153

												2022		2021
								Unrestricted		Restricted		Total		Total
								fund		funds		funds		funds
							Notes							8
Fixed assets
Tangible	assets						12	4,642,323				4,642,323	4,787,684
Investments							13	13,124				13,124		11,340
								4,655,447				4,655,447	4,799,024
Current	assets
Stocks							14	58,318				58,318		52,043
Debtors							15	75,485				75,485		138,800
Cash at bank		and in	hand					~846 982		86,290		933,272		513,258
								980,785		86,290		1,067,075		704,101
Creditors
Amounts	falling due within one year						16	(457,447)				(457,447)	(322,972)
Net current		assets						523 338		86,290		609,628		381,129
Total assets		less current		liabilities				5,178,785		86,290		5,265,075	5,	180,153
Creditors
Amounts	falling due after			more than	one year		17	(334,031)				(334,031)
Pension liability													(163,000)
NET ASSETS								4,844 754		86	290	4,931,044	5,~ 17,153
Funds							21
Unrestricted		funds										4,844,754	4,950,458
Restricted	funds											86 29D		66 695
Total funds												4 931044	5	D17 153
Th 0 and were	11 t pp signed on its behalf by;				dhyth	0	d fT	d	th	1 df	i	...7,!!!(, .4,.

							2022	2021
					Unrestricted	Restricted	Total	Total
					fund	funds	funds	funds
				Notes
Fixed assets
Tangible assets				12	4,639,504		4,639,504	4,787,197
Investments				13	199,125		199,125	11,341
					4,838,629		4,838,629	4,798,538
Current assets
Stocks				14	58,318		58,318	51,943
Debtors				15	87,480		87,480	150,879
Cash at bank	and in hand				816,267	86,290	902,557	484,550
					962,065	86,290	1,048,355	687,372
Creditors
Amounts falling due within			one year	16	(622,047)		(622,047)	(321,378)
Net current	assets				340,038	86 290	426 308	363994
Total assets	less current	liabilities			5,178,647	86,290	5,264,937	5,164,532
Creditors
Amounts falling due atter		more than one year		17	(334,031)		(334,031)
Pension liability				22				(163,000)
NET ASSETS					4 844 616	86,290	4,930,906	5,001,532
Funds				21
Unrestricted	funds						4,844,616	4,934,837
Restricted funds							86,290	66,695
Total funds							4,930,906	5,001,532

				2022	2021
			Notes
Cash flows from operating	activities
Cash generated I'rom operations				89,441	(326,005)
Interest paid				~9,347
Net cash provided by/(used	in) operating		activities	80,094	(326,005)
Cash flows from investing	activities
Purchase oftangible fixed assets				(14,548)
Purchase offixed asset investments				(1,784)
Sale oftangible fixed assets Interest received				4,276 ~1976	1,833 4,030
Net cash (used in)/provided	by investing		activities	~10,080)	5,863
Cash flows from financing	activities
New loans in year				350,000
Net cash provided by financing activities				350,000
Change in cash and cash equivalents		in
the reporting period				420,014	(320,142)
Cash and cash equivalents	at the
beginning ofthe reporting	period			513,258	833,400
Cash and cash equivalents	at the end	of
the reporting period				933,272	513,258

									2022	2021
Net expenditure	for		the reporting				period (as per the Statement	of
Financial Activities)									(234,583)	(315,456)
Adjustments for:
Depreciation charges									158,866	160,049
Profit on disposal	of		fixed assets						(3,232)	(1,830)
Interest received									(1,976)	(4,030)
Interest paid									9,347
Gain on acquisition									4,973
Increase in stocks									(6,275)	(6,835)
Decrease/(increase)		in debtors							63,315	(94,271)
Increase in creditors									118,506	38,368
Difference between		pension charge					and cash contributions		~19,500)	(102,000)
Net cash provided		by/(used				in) operations			89,441	(326,005)
Analysis ofchanges			in	net funds
								At I/4/21	Cash flow	At 31/3/22
Net cash
Cash at bank and	in	hand						513,258	420,014	933,272
								513,258	420,014	~933 272
Debt
Debts falling due	within				1 year				(15,969)	(15,969)
Debts falling dne	after			1	year				~334031	~334,031
									~350,000	~350,000
Total								513,258	70,014	583,272

Investment income	Investment income
					2022	2021
Deposit account interest					192	4,030
Interest &om	investments				1 784
					1,976	4,030
Income from	charitable		activities
					2022	2021
			Activity
Literature and merchandise			Bible schools,	courses and conferences	39,350	10,268
Bible schools, courses and
conferences			Bible schools,	courses and conferences	1,108,914	388,117
Outreach income			Bible schools,	courses and conferences	300
Grants			Bible schools,	courses and conferences	1,691	182,104
Other income			Bible schools,	courses and conferences	71,954	90,639
Conference fund gifts			Bible schools,	courses and conferences		110
Student fund	gifts		Bible schools,	courses and conferences	4,655	8,715
					1,226,864	~679953
Grants received, included			in the above, are as	follows:
					2022	2021
Government	grants				1,691	182,104
Raising funds
Raising donations		and legacies
					2022	2021
Staffcosts					26,576	22,256
Purchases						9
Advertising					13,160	3,307
					39,736	25,572

6.	Charitable
				Support
			Direct	costs (see
			Costs	note 7)	Totals
	Bible schools, courses and conferences		1,488,507	138,009	~1,626 516
7.	Support costs
				Governance
		Finance	Other	costs	Totals
	Bible schools, courses and conferences	23,743	96,396	17,870	138,009

			2022	2021
Auditors'	remuneration		13,566	12,745
Depreciation -owned assets Surplus on disposal offixed assets			158,866 ~3,233)	160,049 ~1,830)
Trustees'	remuneration	and benefits
			2022	2021
Trustees'	salaries		596	425

		2022	2021
Wages	and salaries	653,498	639,294
Social	security costs	32,191	41,479
Other	pension costs	55,113	~52 545
		740,802	733,318

The average	monthly number ofemployees during the yea	r was as follows:
		2022	2021
Course and	conference staff	29	31
Management	and administration	4	4
		33	35

Comparatives for th	e stat	ement offinancial activiti	es
			Unrestricted	Restricted	Total
			fund	funds	funds
Income and endowments		from
Donations and legacies			329,965	57,477	387,442
Charitable activities
Bible schools, courses	and	conferences	671,128	8,825	679,953
Investment income			4,030		4,030
Other income			68,647		68,647
Total			~1073770	66302	1 140072
Expenditure on
Raising funds			25,572		25,572
Charitable activities
Bible schools, courses	and	conferences	1,349,469	11,064	1,360,533
Outreach			89		89
Other			68,921	413	69,334
Total			1,444,051	11,477	1,455,528
NET INCOME/(EXPENDITURE)			(370,281)	54,825	(315,456)
Other recognised gains/(losses)
Actuarial gains/(losses)	on	defined benefit
schemes			~265,000)		ii65.000)
Net movement in funds			(635,281)	54,825	(580,456)
Reconciliation offunds
Total funds brought	forward		5,585,739	11,870	5,597,609
Total funds carried forward			4,950,458	66,695	5,017,153

roup
			Fixtures
	Freehold	Plant and	and
	property	machinery	fittings	Totals
Cost
At 1 April 2021	6,683,250	76,260	219,069	6,978,579
Additions Disposals	8,813	3,900 ~4.400)	1,835	14,548 (4,400)
At 31 March 2022	~6692 063	75,760	220,904	6,988,727
Depreciation
At 1 April 2021	1,952,560	68,680	169,655	2,190,895
Charge for year	146,010	2,608	10,248	158,866
Eliminated on disposal		(3,357)		(3,357)
At 31 March 2022	2,098,570	~67 931	179,903	2,346,404
Net book value
At 31 March 2022	4 593.493	7,829	41,001	4,642,323
At 31 March 2021	4 73069D	7 580	49 414	4,787,684
Charity
			Fixtures
	Freehold	Plant and	and
	property	machinery	fittings	Totals
Cost
At 1 April 2021	6,683,250	61,760	219,069	6,964,079
Additions Disposals	5,541	3,900 ~4.400)	1,835	11,276 ~4,400)
At 31 March 2022	6,688,791	61,260	220,904	6,970,955
Depreciation
At 1 April 2021	1,952,560	54,667	169,655	2,176,882
Charge for year Eliminated on disposal	145,192	2,486 ~33,,3577)	10,248 ~	157,926 ~3333577)
At 31 March 2022	2,097,752	53,796	179,903	2,331,451
Net book value
At 31March 2022	4,591,039	7,464	41,001	~,639,5D4
At 31March 2021	4,73D,690	7093	49414	4,787,197

Fixed asset investments
Group
			Unlisted
			investments	Totals
Market value
At 1 April 2021			11,340	11,340
Additions			1,784	1,784
At 31 March 2022			13,124	13,124
Net book value
At 31 March 2022			13,124	13,124
At 31 March 2021			11,340	11,340
Charity
	Shares	in
	group		Unlisted
	undertakings		mvestments	Totals
Market value
At 1 April 2021		1	11,340	11,341
Additions	186,000		1,784	187,784
At 31March 2022	186,001		13,124	199,125
Net book value
At 31 March 2022	186,001		13,124	199,125
At 31 March 2021			11,340	11,341

14.	Stocks
	Group
					2022	2021
	Stocks for resale				16,915	13,228
	Raw materials				41,403	38,815
					58,318	52,043
	Charity
					2022	2021
	Stocks for resale				16,915	13,228
	Raw materials				41,403	38,715
					58,318	51,943
15.	Debtors: amounts		falling due within	one year
Group
					2022	2021
	Other debtors				69,156	120,458
	Prepayments	and accrued income			6,329	18,342
					75,485	138,800
	Charity
					2022	2021
	Other debtors				81,151	132,537
	Prepayments	and accrued income			~6329	18,342
					87,480	~150879

Group
			2022	2021
				g
Bank loans and overdrafts		(see note 18)	15,969
Trade creditors			45,693	34,180
Social security and other		taxes	9,362	11,070
VAT			6,613	2,823
Other creditors			19,508	42,441
Accrued expenses			23,244	22,200
Pension contributions	accrual		6,975	6,184
Deferred income			~330 083	204,074
			457,447	322,972
Charity
			2022	2021
Bank loans and overdraits		(see note 18)	15,969
Trade creditors			45,693	34,156
Social security and other		taxes	9,362	11,070
VAT			6,613	2,823
Other creditors			187,358	42,441
Accrued expenses			19,994	20,630
Pension contributions	accrual		6,975	6,184
Deferred income			330,083	204,074
			622,047	321,378
Creditors: amounts	falling due after more than one year
Group
			2022	2021
				g
Bank loans (see note	18)		334,031
Charity
			2022	2021
Bank loans (see note	18)		334,031

18.	Loans
	An analysis ofthe maturity ofloans is given below:
	Group
						2022	2021
	Amounts falling due within one year on		demand:
	Bank loans					15,969
	Amounts falling between	one and five years:
	Bank loans					90,082
	Amounts falling due in more than five years:
	Repayable by instalments:
	Bank loans					243,949
	Charity
						2022	2021
	Amounts falling due within one year on		demand:
	Bank loans					15,969
	Ainounts falling between	one and five years:
	Bank loans					90,082
	Ainounts falling due in more than five years:
	Repayable by instalments:
	Bank loans					243,949
19.	Leasing agreements
	Minimum lease payments	under non-cancellable		operating	leases fall due as fofiows:
						2022	2021
	Within one year					13,034	33,659
	Between one and five years					52,137	52,137
	In more than five years					6,517	19,551
						71,688	~105 347
20.	Secured debts
	The following secured debts are included		within	creditors:
						2022	2021
						0
	Bank loans					350,000

Movement in fun	ds
				Net	Transfers
				movement	between	At
			At I/4/21	in funds	funds	31/3/22
						8
Unrestricted funds
General fund			4,950,458	(115,358)	4,680	4,839,780
Restricted funds
Sponsored student	fund		22,681	3,344		26,025
Sponsored conference		fund	6,798			6,798
Library books			3,945	1,153		5,098
Platinum Jubilee Fund			31,272	19,688	(4,680)	46,280
Sports equipment	fund		1,099			1,099
Staff fund			900	(900)
Main house maintenance				990		990
			~66 695	~24 275	4,680	86,290
TOTAL FUNDS			5 017,153	~9).083)		4,926,070
Net movement in	funds, included		in the above are as follows:
			Incoming	Resources	Gains and	Movement
			resources	expended	losses	in funds
				8
Unrestricted funds
General fund			1,511,180	(1,770,038)	143,500	(115,358)
Restricted funds
Sponsored student	fund		4,724	(1,380)		3,344
Library books			2,000	(847)		1,153
Platinum Jubilee	Fund		21,533	(1,845)		19,688
Staff fund				(900)		(900)
Main house maintenance			990			990
			29,247	4,972		~24 275
TOTALFUNDS			1,540,437	J1 775,010)	143,500	~9),083)

Comparatives for	Comparatives for	movement	movement	movement	in funds
								Net
								movement	At
							At I/4/20	in funds	31/3/21
							g
Unrestricted funds
General fund							5,585,739	(635,281)	4,950,458
Restricted funds
Sponsored student		fund					531	22,150	22,681
Sponsored conference			fund				6,688	110	6,798
Library books							3,699	246	3,945
Platinum Jubilee	Fund							31,272	31,272
Sports equipment	fund						952	147	1,099
Staff fund								900	900
							11,870	~54 825	~66695
TOTAL FUNDS							~5597609	~580456)	~5,017 153
Comparative net movement				in	funds, included	in the above are as follows:
						Incoming	Resources	Gains and	Movement
						resources	expended	losses	in funds
Unrestricted funds
General fund						1,073,770	(1,444,051)	(265,000)	(635,281)
Restricted funds
Sponsored student	fund					31,396	(9,246)		22,150
Sponsored conference fund						110			110
Library books						2,000	(1,754)		246
Platinum Jubilee Fund						31,336	(64)		31,272
Sports equipment	fund					560	(413)		147
Staff fund						900			900
						66,302	11477		54,825
TOTAL FUNDS						1,140,072	(1,455,528)	~265,000)	~580,456)

The amounts recognised in the balance sheet are as follows:
	Defined	benefit
	pension	plans
	2022	2021
Fair value ofplan assets	970,000	1,429,800
Present value ofdefined benefit obligation	(970,000)	(1,592,800)
et scheme deficit		~163,000)

	Defined	benefit
	pension	plans
	2022	2021
		g
Current service cost
Net interest I'rom net defined benefit
asset/liability	3,000	(4,000)
Past service cost
	3,000	~4,000
Actual return on plan assets	26,200	38,000

				Defined	benefit
				pension	plans
				2022	2021
				g
Opening	defined benefit	obligation		1,592,800	1,859,800
Interest cost				29,200	34,000
Benefits	paid			(467,000)	(873,000)
Remeasurements:
Actuarial	(gains)/losses	fiom changes	in
demographic assuinptions				(76,000)	150,000
Actuarial financial	(gains)/losses assumptions	from changes	in	~109000)	~422 000
				970,000	1,592,800

			Defined	benefit
			pension	plans
			2022	2021
Opening fair value ofscheme assets			1,429,800	1,859,800
Assets surplus	not realisable		(223,000)	92,000
Contributions by employer			22,500	102,000
Expected return			26,200	38,000
Benetits paid			(467,000)	(873,000)
Return on plan	assets (excluding	interest
income)			181,500	211,000
			970,000	1,429,800

						Defined	benefit
						pension	plans
						2022	2021
Actuarial		(gains)/losses		trom changes in
demographic			assumptions			76,000	(150,000)
Actuarial		(gains)/losses		from changes in
financial	assumptions					109,000	(422,000)
Return on		plan assets		(excluding	interest
income)						181,500	211,000
Irrecoverable			surplus			(223,000)	96,000
						143,500	~265 000

The major cat	egories ofsch	eme assets as amounts oftota	l scheme assets are as follows:
			Defined	benefit
			pension	plans
			2022	2021
			8
Equities (UK	and Overseas)		979,000	1,044,000
Bonds			61,000	299,000
Property			34,000	30,000
Cash and net	current liability		(112,000)	33,800
Other / Pensions managed		fund	231,000	23,000
Asset surplus,	not realisable		~223,000)
			~970 000	1429,800