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##
|Voluntary
giving increased
by 0.78%%d in 2022 to6145,458, and total income by 6.61'/o to 6163,253.The increase|
|---|
|was assisted
by overall voluntary
given from church members
by standing
orders as well as a higher level of|
|grant income, deposit interest and rental income. The level of giving
in this way varies month
by month as some|
|standing
orders are quarterly
or annual;
standing
orders were around F8,962 per month. The use of Gift Aid is|
|also encouraged
and provides a substantial
element on annual
revenues|
|The overall resources expended
in 2022 increased
by 15.2'/w This was mainly due to an increase
in repairs &|
|maintenance
along with pay rises that were provided
to staff.|
|The increase
in income, and continued
active management
ofexpenditure,
resulted
in a small deficit of55,245|
|for the year and a decrease
in total funds carried forward ofaround 1.5~/o. This has been a positive result on the|
|back ofa year where we saw a number
ofone offpayments
being made,
including
clearing one ofour|
|mortgages,
as well as this being against a stretching
budget. This performance
is testament
to the hard work|
|and dedication
of afi employees
and volunteers
within the Church and to the generosity,
in difficult times, of|
|Church members.|
|The balance sheet is strong with a level oftangible
fixed assets ofF267,383,showing
a decrease on the|
|previous year. The large amount ofsecured debts via bank loans is due to the purchase
ofthe church building|
|in 2015as well as the office facility purchased
in 2012, and the church remains
able to service its major debt|
|repayments
for the foreseeable
future. Outstanding
bank loans reduced
by 22.5'/o to 682,274.This position was|
|improved as the Church decided to use surplus
funds to clear the loan against the office facility. Net current|
|assets reduced
by 7.0/o tof160,019.|
|59,062 ofGrant Income was received during
the year.|
|Administrative
and financial
support has been provided
both on a volunteer
and a part-time
paid basis.|
|The percentage
of restricted
funds to total funds remains
very low at 3.4.~/..|
|The target reserves of 10'/o of unrestricted
annual
expenditure
in unrestricted
reserves was met.|
|The Trustees and Leadership
Team remained
focussed on the core giving on a weekly or monthly
basis meeting|
|the operational
expenditure,
and regular
input was given to the congregation
to make them aware ofthe|
|situation. The largest cost drivers for the year were the mortgages
and associated costs ofmaintaining
a Church|
|Office and the Church
building,
and the employment
costs offull time and part time staff.|
|The Trustees continued
to review the management
accounts on a regular basis on the basis ofthe Church's|
|operational
and ministry
plan
in order to seek improvements
in the efficiency and effectiveness
of operations.|
|The prudent
management
ofaccounts and surpluses
generated
over the last decade have enabled the church to|
|use contingency
funds to cover one off payments
such as clearing the mortgage
on the Church office. With the|
|financial
controls
in place the church
is well positioned
to withstand
current increases
in inflation
and cost of|
|living rises without
adversely
impacting
its operational
performance
and public benefit.|
|Systems remain
in place to ensure that community
projects
will be, as far as possible, self-financing.|
|A regular Vision/Trust
Information
meeting
communicates
the objectwes,
performance
and public benefit ofthe|
|Trust to its stakeholders.|
|No funds were materially
in deficit in the period under review.|
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##
|||||||2022|2021|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
||||Notes|funds
8|funds
6|funds
f|funds
8|
|INCOME AND ENDOWMENTS||FROM||||||
|Donations
and legacies||||137,611|16,909|154,520|147,554|
|Other trading activities|||||132|132|17|
|Investment
income||||361||361|18|
|Other income||||8,240||8,240|5,528|
|Total||||146,212|17,041|163,253|153,117|
|EXPENDITURE ON||||||||
|Raising funds||||5,428|(321)|5,107|3,263|
|Charitable
activities||||||||
|Ministry||||135,817|9,462|145,279|140,261|
|Community
Action||||2,637|11,289|13,926|563|
|Youth and Overseas||||846|3,340|4,186|2,175|
|Total||||144,728|23,770|168,498|146,262|
|NET INCOME/(EXPENDITURE)||||1,484|(6,729)|(5,245)|6,855|
|Transfers
between|funds||17|(1,647)|1,647|||
|Net movement
in funds||||(163)|(5,082)|(5,245)|6,855|
|RECONCILIATION|OF FUNDS|||||||
|Total funds brought|forward|||337,897|16,932|354,829|347,974|
|TOTAL FUNDS CARRIED FORWARD||||337,734|11,850|349,584|354,829|
##
##
##
##
##
##
##
##
##
##
|Deposit account interest||
|---|---|
|RAISING FUNDS||
|Other trading
activities||
|Purchases||
|Closing stock||
|Investment
management|costs|
|Administrative
expenses||
|Aggregate
amounts||
|GRANTS PAYABLE||
|Ministry||
|Community
Action||
|Youth and Overseas||
|2022|2021|
|---|---|
|8|6|
|132|17|
|2022|2021|
||6|
|361|18|
|2022f|2021
6|
|185|28|
|(506)||
|(321)|28|
|2022
6|2021f|
|5,428|3,235|
|5,107|3,263|
|2022|2021|
|5|6|
|16,098|17,001|
|513|50|
|2,001|2,175|
|18,612|19,226|
##
##
|||forthe Year Ended 31Decembe|r 2022|||
|---|---|---|---|---|---|
|SUPPORT|COSTS|||||
|||Management
6|Finance
6|Other
6|Totals
f|
|Ministry||8,381|3,527|34,968|46,876|
|NET INCOME/(EXPENDITURE)||||||
|Net income/(expenditure)||is stated after charging/(crediting):||||
|||||2022|2021|
|||||8|8|
|Depreciation|- owned assets|||15,782|14,394|
|Hire ofplant|and machinery|||5,837|1,636|
|Surplus/(deficit)
on disposal offixed assets||||(46)|209|
|Independent|examiner|costs||2,800|3,320|
##
##
##
##
##
##
|TANGIBLE FIXEDASSETS||||||
|---|---|---|---|---|---|
|||Improvements|Fixtures|||
||Freehold|to|and|Computer||
||property|property|fittings|equipment|Totals|
|||8|8|6|8|
|COST||||||
|At 1 January 2022 and||||||
|31 December2022|310,493|14,572|4,996|28,952|359,013|
|DEPRECIATION||||||
|At 1 January 2022|49,406|8,841|3,621|13,980|75,848|
|Charge for year|6,210|3,643|1,102|4,827|15,782|
|At 31 December 2022|55,616|12,484|4,723|18,807|91,630|
|NET BOOK VALUE||||||
|At 31 December 2022|254,877|2,088|273|10,145|267,383|
|At 31 December 2021|261,087|5,731|1,375|14,972|283,165|
##
##
||||N|otes to the Financial Statements - continued
for the Year Ended 31December 2022|||
|---|---|---|---|---|---|---|
|11.|STOCKS||||||
||||||2022|2021|
||||||f|6|
||Stocks||||506||
|12.|DEBTORS:AMOUNTS
FALLING DUE WITHIN ONE YEAR||||||
||||||2022|2021|
||||||6|f|
||Other debtors||||7,012|11,333|
||Prepayments||||1,575|1,420|
||||||8,587|12,753|
|13.|CREDITORS: AMOUNTS||FALLING DUE WITHIN ONE YEAR||||
||||||2022|2021|
||||||5|6|
||Bank loans|and overdrafts|(see note 15)||5,510|7,696|
||Social security and other||taxes||1,053|1,083|
||Other creditors||||1,000|1,000|
||Accrued expenses||||5,255|4,844|
||||||12,818|14,623|
|14.|CREDITORS: AMOUNTS||FALLING DUE AFTER MORE THAN ONE YEAR||||
||||||2022|2021|
||||||6|6|
||Bank loans|(see note 15)|||76,818|98,468|
||Other creditors||||1,000|2,000|
||||||77,818|100,468|
|15.|LOANS||||||
||An analysis|ofthe maturity|of|loans is given below:|||
||||||2022|2021|
||||||6|6|
||Amounts
falling due within||one year on demand;||||
||Bank overdrafts||||54||
||Bankloans||||5,456|7,696|
||||||5,510|7,696|
||Amounts
falling between one|||and two years:|||
||Bank loans|- 1-2years|||5,697|8,062|
||Amounts
falling due between
Bank loans -2-5 years|||two and five years:|18,658|26,569|
||Amounts
falling due in more than five years:||||||
||Repayable|by instalments:|||||
||Bank loans|more 5 yr by instal|||52,463|63,837|
##
##
##
|2022
f|2021
6|
|---|---|
|82,274|106,164|
##
##
|MOVEMENT
IN FUNDS|||||
|---|---|---|---|---|
|||Net|Transfers||
|||movement|between|At|
||At 1.1.22|in funds|funds|31.12.22|
|||5|5|6|
|Unrestricted
funds|||||
|General
Fund|264,583|1,276|61,000|326,859|
|Designated
Fund|4,229|(37)|(3,566)|626|
|Building
Fund (Designated)|9,778|245||10,023|
|Overseas (Designated)|9,307||(9,081)|226|
|New Building
Fund|50,000||(50,000)||
||337,897|1,484|(1,647)|337,734|
|Restricted funds|||||
|Youth Work||566||566|
|Building
Fund|13,200|(6,003)||7,197|
|Compassion
fund|723|(315)||408|
|India Missions|343|(47)|90|386|
|Church
Hospitality||(548)|548||
|Dancelife|101|||101|
|Community
Events||(1,009)|1,009||
|Trading
Fund||452||452|
|JB8 RB Mission|22|145||167|
|Big Local/Foodbank|2,543|30||2,573|
||16,932|(6,729)|1,647|11,850|
|TOTAL FUNDS|354,829|(5,245)||349,584|
##
##
|Net movement
in funds, includ|ed
in the above|are as follows:||||
|---|---|---|---|---|---|
||||Incoming|Resources|Movement|
||||resources|expended|in funds|
|||||6||
|Unrestricted
funds||||||
|General
Fund|||123,836|(122,560)|1,276|
|Designated
Fund|||13,175|(13,212)|(37)|
|Building
Fund (Designated)|||9,201|(8,956)|245|
||||146,212|(144,728)|1,484|
|Restricted funds||||||
|Youth Work|||1,905|(1,339)|566|
|Building
Fund|||150|(6,153)|(6,003)|
|Compassion
fund||||(315)|(315)|
|India Missions|||1,954|(2,001)|(47)|
|Church
Hospitality|||136|(684)|(548)|
|Community
Events|||878|(1,887)|(1,009)|
|Trading
Fund|||131|321|452|
|JB& RB Mission|||10,887|(10,742)|145|
|Big Local/Foodbank|||1,000|(970)|30|
||||17,041|(23,770)|(6,729)|
|TOTAL FUNDS|||163,253|(168,498)|(5,245)|
|Comparatives
for movement|in funds|||||
||||Net|Transfers||
||||movement|between|At|
|||At 1.1.21|in funds|funds|31.12.21|
||||6|6||
|Unrestricted
funds||||||
|General
Fund||254,542|9,304|737|264,583|
|Designated
Fund||3,734|495||4,229|
|Building
Fund (Designated)||25,565|(1,337)|(14,450)|9,778|
|Overseas (Designated)||9,307|||9,307|
|New Building
Fund||50,000|||50,000|
|||343,148|8,462|(13,713)|337,897|
|Restricted funds||||||
|Building
Fund||||13,200|13,200|
|Compassion
fund||348|375||723|
|India Missions||812|(469)||343|
|Dancelife||101|||101|
|Community
Events|||(513)|513||
|JB&RB Mission||191|(169)||22|
|Big Local/Foodbank||3,374|(831)||2,543|
|||4,826|(1,607)|13,713|16,932|
|TOTAL FUNDS||347,974|6,855||354,829|
##
##
##
##
##
##
##
##
||||for the Year Ended 31|December 2022||
|---|---|---|---|---|---|
|||||2022|2021|
|||||6|6|
|INCOME AND|ENDOWMENTS|||||
|Donations
and||legacies||||
|Donations||||145,458|144,322|
|Grants||||9,062|3,232|
|||||154,520|147,554|
|Other trading|activities|||||
|Fundraising
events||||132|17|
|Investment
Income||||||
|Deposit account||interest||361|18|
|Other income||||||
|Rents received||||8,240|5,528|
|Total incoming||resources||163,253|153,117|
|EXPENDITURE||||||
|Other trading|activities|||||
|Purchases||||185|28|
|Closing stock||||(506)||
|||||(321)|28|
|Investment
management|||costs|||
|Administrative|expenses|||5,428|3,235|
|Charitable
activities||||||
|Wages||||80,701|71,996|
|Social security||||940|2,891|
|Pensions||||3,003|2,924|
|Other direct costs||||10,737|9,604|
|Advertising||||317|(54)|
|Rent||||2,205|1,040|
|Grants to institutions||||18,099|18,968|
|Grants to individuals||||513|258|
|||||116,515|107,627|
|Supportcosts||||||
|Management||||||
|Cleaning||||198|142|
|Telephone||||1,673|2,475|
|Postage and|stationery|||357|296|
|Professional|fees|||6,153||
|||||8,381|2,913|
|Finance||||||
|Mortgage||||3,527|4,107|
|Other||||||
|Repairs and|maintenance|||5,837|1,636|
|Rent, rates and||water||220|868|
|Gamed forward||||6,057|2,504|
##
||
forthe Year Ended 31|
December 2022||
|---|---|---|---|
|||2022|2021|
||||8|
|Other||||
|Brought forward||6,057|2,504|
|Insurance||1,944|1,825|
|Light and heat||3,824|3,155|
|Travel||1,565|734|
|Sundries||1,101|863|
|Repairs and|maintenance|1,465|1,349|
|independent
examination
Freehold
property||3,276
6,210|3,320
6,210|
|Improvements|to property|3,643|3,438|
|Fixtures and|fittings|1,102|1,249|
|Computer
equipment||4,827|3,496|
|Profit/loss
on|sale offixed assets|(46)|209|
|||34,968|28,352|
|Totalresources|expended|168,498|146,262|
|Net (expenditure)/income||(5,245)|6,855|