2021-12-31-accounts - Wirral Churches' Ark Project

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Trustees		Dr IJ Cubbin
		Mr PAshley-Mudie
		Mr M Godfrey
		Ms G A Ferris
		Mr A D Roberts
		Mr I L Roughley
		Mr Duncam Dodd-Hughes	(Appointed	28 April 2022)
		Ms Victoria Jones	(Appointed	28 April 2022)
		Miss LTaylor	(Appointed	28 April 2022)
Secretary		M Grundy
Charity number		1079070
Company	number	3896833
Registered	office	7 Sidney Street
		Birkenhead
		Merseyside
		CH41 1BF
Auditor		Xeinadin Audit Limited
		2 Hilliards Court
		Chester Business Park
		Chester
		Cheshire
		CH4 9PX

		Page
Trustees' report		t -8
Statement oftrustees'	responsibilities
Independent auditor's	report	10-13
Statement offinancial	activities	14
Balance sheet		15
Statement ofcash flows		20
Notes to the financial	statements	17-34

			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			funds	funds		funds	funds
			2021	2021	2021	2020	2020	2020
		Notes	6	6	6	6	6	F
Income from:
Donations, legacies
and grants		3	98,998	63,323	162,321	138,367	271,760	410,127
Charitable activities
Mary Cole House			324,179	232,664	556,843	333,662	259,877	593,539
Housing Support			430,468	51,647	482,115	291,707	52,665	344,372
Projects			625	63,670	64,295	1,354	38,803	40,157
Other trading activities			4,629		4,629	10,132		10,132
Investments			437		437	804		804
Total income			859,336	411,304	1,270,640	776,026	623,105	1,399,131
~E* dt
Raising funds		7	85,809		85,809	92,954	30,000	122,954
Charitable activities
Mary Cole House		8	466,193	259,703	725,896	491,766	281,893	773,659
Housing Support		8	410,987	89,751	500,738	250,654	86,040	336,694
Projects		8	35,577	81,382	116,959	40,826	92,473	133,299
Total charitable	expenditure		912,757	430,836	1,343,593	783,246	460,406	1,243,652
Total resources
expended			998,566	430,836	1,429,402	876,200	490,406	1,366,606
Disposal of investment		11	91,539		91,539
Gross transfers
between funds						50,432	(50,432)
Net (expenditure)/income
forthe year/
Net movement	in funds		(47,691)	(19,532)	(67,223)	(49,742)	82,267	32,525
Fund balances at 1
January 2021			837,102	901,451	1,738,553	886,844	819,184	1,706,028
Fund balances	at 31
December 2021			789,411	881,919	1,671,330	837,102	901,451	1,738,553

				2021		2020
			Notes	6		8
Fixed assets
Tangible assets					1,560,249		1,444,643
Current assets
Debtors			14	95,054		109,966
Cash at bank and in		hand		219,106		565,540
				314,160		675,506
Creditors:	amounts	falling due within
one year			15	(167,246)		(215,763)
Net current	assets				146,914		459,743
Total assets less current liabilities					1,707,163		1,904,386
Creditors:	amounts	falling due after
more than	one year		16		(35,833)		(165,833)
Net assets					1,671,330		1,738,553
Income funds
Restricted	funds		20		881,919		901,450
Unrestricted	funds				789,411		837,103
					1,671,330		1,738,553

					2021		2020
				Notes	8		f
Fixed assets
Tangible assets				14		1,560,249		1,444,643
Current assets
Debtors				14	93,360		109,516
Cash at bank and		in	hand		219,106		489,960
					312,466		599,476
Creditors:	amounts		falling due within
one year				15	(167,246)		(214,998)
Net current	assets					145,220		384,478
Total assets less		current liabilities				1,705,469		1,829,121
Creditors:	amounts		falling due after
more than	one year			16		(35,833)		(45,833)
Net assets						1,669,636		1,783,288
Income funds
Restricted	funds			20		881,919		901,451
Unrestricted	funds					777,613		881,837
						1,669,636		1,783,288

				2021		2020
			Notes	F		6
Cash flows from operating		activities
Cash (absorbed by)/generated		from	28
operations					(99,859)		75,855
Investing	activities
Purchase	oftangible fixed assets			(214,383)		(99,606)
Proceeds	on disposal of investments			91,539
Investment	income received			437		804
Net cash	used in investing	activities			(122,407)		(98,802)
Financing	activities
Proceeds	ofnew loan					120,000
Proceeds	of new bank loans					50,000
Repayment	of bank loans			(124,168)
Net cash	(used in)/generated	from
financing	activities				(124,168)		170,000
Net (decrease)/increase in		cash and	cash
equivalents					(346,434)		147,053
Cash and	cash equivalents at beginning		ofyear		565,540		418,487
Cash and	cash equivalents	at end of	year		219,106		565,540

			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			funds	funds		funds	funds
			2021	2021	2021	2020	2020	2020
			6	6	8	6	8	5
Donations		and gifts	61,806		61,806	48,922	7,983	56,905
Legacies	receivable		625		625
Grants			36,567	63,323	99,890	89,445	263,777	353,222
			98,998	63,323	162,321	138,367	271,760	410,127
Donations		and gifts
Donations		and gifts	59,541		59,541	45,233	7,983	53,216
Gift aid			571		571	3,689		3,689
Other			1,694		1,694
			61,806		61,806	48,922	7,983	56,905
Grants receivable for
core activities
Mary Cole House
funding							1,049	1,049
Housing	Support			42,140	42,140		111,581	111,581
projects			10,129	21,183	31,312	8,103	121,147	129,250
Core operations			26,438		26,438	80,821		80,821
Other						521	30,000	30,521
			36,567	63,323	99,890	89,445	263,777	353,222

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		Unrestricted	Unrestricted
		funds	funds
		2021	2020
		F	5
Fundraising	events	4,336	9,405
Other trading	activities	293	727
Other trading	activities	4,629	10,132

		Unrestricted	Unrestricted
		funds	funds
		2021	2020
		8	5
Interest	receivable	437	804

			Unrestricted	Unrestricted	Restricted	Total
			funds	funds	funds
			2021	2020	2020	2020
			6	f	F	F
Fundraisin	and	ubhci
Staff costs			35,482	39,409		39,409
Other fundraising		costs	3,523	8,809		8,809
Fundraising	and	publicity	39,005	48,218		48,218
TTCh 7
Staff costs			14,993	29,866		29,866
Other trading	activities		23,814	11,188	30,000	41,188
Support costs			7,997	3,682		3,682
Trading costs			46,804	44,736	30,000	74,736
			85,809	92,954	30,000	122,954

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Support c		osts
				Support	Governance	2021	Support	Governance	2020
				costs	costs		costs	costs
				8	6			5
Staff costs				234,555		234,555	203,666		203,666
Other staff		costs		26,670		26,670	6,766		6,766
Premises	costs			19,951		19,951	14,909		14,909
Insurance				19,101		19,101	16,821		16,821
Telephone		and computer
costs				27,422		27,422	19,282		19,282
Consultancy		fees		11,667		11,667	5,593		5,593
Non recoverable			VAT	26,303		26,303	16,660		16,660
Other costs				7,419		7,419	2,963		2,963
Loan interest				7,997		7,997	3,682		3,682
Depreciation				8,979		8,979	486		486
Audit fees					2,880	2,880		2,880	2,880
Accountancy					2,520	2,520		1,970	1,970
				390,064	5,400	395,464	290,828	4,850	295,678
Analysed	between
Trading				7,997		7,997	3,682		3,682
Charitable		activities		382,067	5,400	387,467	287,146	4,850	291,996
				390,064	5,400	395,464	290,828	4,850	295,678

				2021	2020
				Number	Number
				35	35
	Employment		costs	2021	2020
				6	E
	Wages and	salanes		706,877	668,969
	Social security		costs	59,383	51,979
	Other pension		costs	12,798	13,260
				779,058	734,208
13	Ark Trading	CIC
	A summary	ofthe results ofthe subsidiary		2021	2020
	is shown below:
	Turnover				30,000
	Expenditure			(46,804)	(74,735)
				(46,804)	(44,735)
	Aggregate	assets and liabilities
	Current assets				76,030
	Current liabilities				(765)
	Deferred liabilities				(120,000)
					(44,735)

Tangible fixed assets	- group and	charity
		Freehold land		Leasehold	Fixtures and	Computers	Total
		and	buildings f	improvements f.	flttlrlgsf	f
Cost or valuation
At 1 January 2021		2,	144,537	38,353	96,302	82,664	2,361,856
Additions			169,080	37,656	5,993	1,654	214,383
At 31 December 2021		2,313,617		76,009	102,295	84,318	2,576,239
Depreciation and impairment
At 1 January 2021			807,754	1,492	65,958	42,008	917,212
Depreciation charged	in the year		67,728	15,203	7,256	8,591	98,778
At 31 December 2021			875,482	16,695	73,214	50,599	1,015,990
Carrying amount
At 31 December 2021		1,438,135		59,314	29,081	33,719	1,560,249
At 31 December 2020		1,336,783		36,861	30,343	40,656	1,444,643

14	Debtors - group	Debtors - group
					2021	2020
	Amounts falling due		within one year:		F	f.
	Trade debtors				48,478	35,505
	Other debtors				500
	Prepayments	and accrued income			46,076	74,461
					95,054	109,966
	Debtors - charity
					2021	2020
	Amounts falling due		within one year:			8
	Trade debtors				48,478	35,505
	Other debtors				500
	Prepayments	and accrued income			46,076	74,011
					95,054	109,516
15	Creditors: amounts		falling due within one year - group
					2021	2020
				Notes	f	6
	Bank loans			21	10,000	4,167
	Other taxation	and social security			31,864	51,982
	Deferred income			23	36,284	36,945
	Trade creditors				15,818	75,964
	Other creditors				64,216	32,973
	Accruals				9,064	13,732
					167,246	215,763
	Creditors: amounts		falling due within one year - charity
					2021	2020
				Notes
	Bank loans			21	10,000	4,167
	Other taxation	and social security			31,864	51,233
	Deferred income			23	36,284	36,945
	Trade creditors				15,818	75,964
	Other creditors				64,216	32,957
	Accruals				9,064	13,732
					167,246	214,998

16	Creditors: amounts	falling due after more than one year-	falling due after more than one year-	falling due after more than one year-
	group
						2021	2020
					Notes	6	6
	Bank loans				21	35,833	45,833
	Other borrowings						120,000
						35,833	165,833
	Creditors: amounts	falling due after more than one year-
	charity
					Notes	2021f	2020f
	Bank loans				21	35,833	45,833
17	Loans and overdrafts		-group
						2021 6	2020f
	Bank loans					45,833	50,000
	Otherloans						120,000
						45,833	170,000
	Payable within one	year				10,000	4,167
	Payable after one year					35,833	165,833
	Amounts included above which			fall due after five years:
	Payable by instalments						5,833

			2021	2020
				6
Bank loans			45,833	50,000
Payable	within one year		10,000	4,167
Payable	after one year		35,833	165,833
Amounts	included above which	fall due after five years:
Payable	by instalments			5,833

						2021	2020
						6	6
Arising from		Grants				36,284	36,945
Deferred	income movement		during the year is as follows:
						2021	2020
						F	6
Unexpended		balance at 1 January 2021				36,945	125,877
Amounts	received in year					348,537	415,789
Amounts	credited to statement			of financial	activities	(349,198)	(504,721)
Unexpended		balance at 31	December 2020			36,284	36,945

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21	Analysis ofnet assets	between funds	between funds	between funds	- group	- group
			Unrestricted		Restricted		Total		Unrestricted	Restricted	Total
				funds		funds			funds	funds
				2021		2021	2021		2020	2020	2020
				F.		F.		F	F	F	F
	Fund balances at 31
	December 2021 are
	represented by:
	Tangible assets			701,598		858,651	1,560,249		657,254	787,389	1,444,643
	Net current assets			123,646		23,268	146,914		345,681	114,062	459,743
	Long term liabilities			(35,833)			(35,833)		(165,833)		(165,833)
				789,411		881,919	1,671,330		837,102	901,451	1,738,553
	Analysis ofnet assets	between funds			- charity
			Unrestricted		Restricted		Total		Unrestricted	Restricted	Total
				funds		funds			funds	funds
				2021		2021	2021		2020	2020	2020
				6		6		6		6	F
	Fund balances at 31
	December 2021 are
	represented by:
	Tangible assets			701,598		858,651	1,560,249		657,254	787,389	1,444,643
	Net current assets			123,646		23,268	146,914		270,416	114,062	384,478
	Long term liabilities			(35,833)		-	(35,833)		(45,833)		(45,833)
				789,411		881,919	1,671,330		881,837	901,451	1,783,288
22	Related party transactions
	There were no disclosable		related party		transactions during the			year (2020 - none).
23	Cash generated from	operations								2021	2020
										F	6
	(Deficit)/surpus for the	year								(67,223)	32,525
	Adjustments for:
	Investment income recognised			in statement		offinancial	activities			(437)	(804)
	Gain on disposal ofinvestments									(91,539)
	Depreciation and impairment			oftangible	fixed assets					98,778	93,943
	Movements in working	capital:
	Decrease in debtors									14,912	58,176
	(Decrease) in creditors									(53,689)	(19,053)
	(Decrease) in deferred	income								(661)	(88,932)
	Cash (absorbed by)/generated from operations									(99,859)	75,855

Analysis	ofchanges in net funds
		At 1January	Cash flows	At 31 December
		2021		2021
		F	F	8
Cash at	bank and in hand	565,540	(346,434)	219,106
Loans falling due within one year		(4,167)	(5,833)	(10,000)
Loans falling due after more than one year		(165,833)	130,000	(35,833)
		395,540	(222,267)	173,273