| Contents | Page | |
|---|---|---|
| Legal and Administrative | Information | |
| Report ofthe Executive Committee | 2-5 | |
| Report ofthe Independent | Examiner | |
| Statement of Financial Activities | ||
| Balance Sheet | ||
| Notes forming part ofthe |
Financial Statements | 9-13 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| Incoming Resources | ||||
| Income from Guests | 36,928 | 23,959 | ||
| Property and Equipment Charge |
22,000 | 11,000 | ||
| Renewable Heat Incentive |
Grant | 22,375 | 22,189 | |
| Other Income | 500 | 690 | ||
| Donations | 25,564 | 24,228 | ||
| Legacies | ||||
| Mission Centre Support | 10,000 | 10,000 | ||
| Trading Company Profit |
||||
| Total Incoming Resources | 117,367 | 92,066 | ||
| Resources Expended | ||||
| Company Charge for Church Bookings |
40,714 | 27,854 | ||
| Agency Fee | 343 | 281 | ||
| Legal and Professional Fees |
2,250 | |||
| Other Costs | 21 | 101 | ||
| Repairs, Maintenance and |
Replacement | 31,703 | 8,421 | |
| Depreciation | 16,621 | 17,328 | ||
| Loan Interest | 10,000 | 6,038 | ||
| Total Resources Expended | 99,402 | 62,273 | ||
| Net Incoming Resources | before Trading Company | Support | 17,965 | 29,793 |
| Trading Company Support |
110,644 | 69,643 | ||
| Net Incoming Resources | after Trading Company | Support | (92,679) | (39,850) |
| Total Funds at 1stJanuary | 2021 | 215,798 | 255,648 | |
| Total Funds at 31stDecember 2022 | 123,119 | 215,798 |
| Notes | 2022 | 2021 | |||
|---|---|---|---|---|---|
| f | |||||
| Fixed Assets | |||||
| Tangible Assets | 4 | 404,389 | 421,010 | ||
| investment in Subsidiary |
5 | 1,000 | 1,000 | ||
| Total Fixed Assets | 405,389 | 422,010 | |||
| Current Assets | |||||
| Debtors and Prepayments | 48,059 | 36,531 | |||
| Cash at Bank and in Hand | 22,571 | 34,852 | |||
| Total Current Assets | 70,630 | 71,383 | |||
| Creditors: Amounts | Falling | Due Within One Year | 12 | (102,900) | (27,595) |
| Net Current Assets | (32,270) | 43,788 | |||
| Total Assets Less | Current | Liabilities | 373,119 | 465,798 | |
| Creditors: Amounts Year |
Falling | Due After More Than One | 13 | (250,000) | (250,000) |
| Total Net Assets | 123,119 | 215,798 | |||
| Funds | 123,119 | 215,798 |
| The trading results ofthe |
subsidiary, as e |
xtracted from | the financial stateme | nts, are sum |
|---|---|---|---|---|
| 2022 | 2021 | |||
| Income | ||||
| Income from guests | 186,735 | 132,607 | ||
| Other income | 10,214 | 5,505 | ||
| Company Charge for Church bookings |
41,057 | 28,135 | ||
| Government Grants |
4,000 | 64,665 | ||
| Total Income | 242,006 | 230,912 | ||
| Expenditure | ||||
| Staff costs | 193,944 | 186,162 | ||
| Food and consumables | 44,163 | 24,899 | ||
| Property and Equipment |
Charge | 22,000 | 11,000 | |
| Repairs and maintenance | 28,388 | 26,613 | ||
| Other costs | 64,155 | 51,881 | ||
| Total Expenditure | 352,650 | 300,555 | ||
| Net Profitl(Loss) | (110,644) | (69,643) | ||
| Trading Company Support |
110,644 | 69,643 | ||
| Retained Profit/(Loss) | ||||
| The assets and liabilities | ofthe subsidiary | are:- | ||
| Intangible fixed assets |
2 | 2 | ||
| Current assets | 75,974 | 34,435 | ||
| 75,976 | 34,437 | |||
| Creditors: Amounts falling due within one |
year | (98,756) | (57,21?) | |
| Total assets less current | liabilities | (22,780) | (22,780) | |
| Net assets I(Liabilities) | (22,780) | (22,780) | ||
| Equity capital and reserves | ||||
| Called up share capital | 1,000 | 1,000 | ||
| Profit and loss account | (23,780) | (23,780) | ||
| Equity shareholders funds |
(22,780) | (22,780) |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| 6.Fees for examining the |
Financial Statements | ||||
| Fees paid to Independent | Examiner | EO | f.0 | ||
| 7.Grants made | |||||
| Grants made during the year | EO | ||||
| 8.Employees | |||||
| Employees during the year |
|||||
| 9.Trustee expenses | |||||
| Number oftrustees | |||||
| Individual expenses |
EO | E.O | |||
| Trustee Indemnity Insurance |
EO | RO | |||
| 10.Related party transactions | |||||
| Transactions during the year |
EO | EO | |||
| 11.Debtors | |||||
| Amount due from Subsidiary | |||||
| Trade Debtors/(Creditors) | (104,443) | (65,413) | |||
| Temporary Loan Trade Debtors |
'140,000 5,856 |
93,000 6,159 |
|||
| Other Debtors | 6,396 | 2,535 | |||
| Payments in Advance Accrued Income |
250 | 250 | |||
| 48,059 | 36,531 | ||||
| 12.Creditors: Amounts | falling due within one year | ||||
| Mission Centre Long Term Mission Centre Temporary Accruals |
Loan Loan |
92,000 10,000 |
20,000 3,889 |
||
| Trade Creditors | |||||
| Other Creditors | 192 | ||||
| Deferred Income | 900 | 3,514 | |||
| 102,900 | 27,595 |
| 2022 | ||||
|---|---|---|---|---|
| 13.Creditors: | Amounts | falling due after more than one year | ||
| Long Term Loans | 250,000 | 250,000 | ||
| 14.Long Term Loans | ||||
| World Church | Loan | |||
| Repayments | falling due | within one year | ||
| Repayments | Falling due after more than one year | 250,000 | 250,000 | |
| 250,000 | 250,000 |