||||Page||
|---|---|---|---|---|
|Reference and Administrative|Details||||
|Report ofthe Trustees||2|to|5|
|Report ofthe Independent
Auditors||6|to|9|
|Statement ofFinancial Activities|||10||
|Statement ofFinancial Position|||||
|Statement ofCash Flows|||13||
|Notes to the Statement ofCash|Flows||||
|Notes tothe Financial Statements||15|to|23|
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|||||||31.12.21|31.12.20|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
|||||fund|fund|funds|funds|
||||Notes|||||
|INCOME AND ENDOWMENTS||FROM||||||
|Donations
and legacies||||318,078||318,078|152,046|
|Other trading activities||||556,673||556,673|610,317|
|Investment
income||||17,493||17,493|5,130|
|Other income||||206,494||206,494|210|
|Total||||1,098,738||1,098,738|767,703|
|EXPENDITURE ON||||||||
|Raising funds||||||||
|Costs ofgenerating
funds||||9,306||9,306|16,883|
|||||9,306||9,306|16,883|
|Charitable
activities||||||||
|Charitable
activities||||451,274||451,274|429,685|
|Total||||460,580||460,580|446,568|
|Net gains/(losses)
on|investments|||158,182||158,182|(107,367)|
|NET INCOME||||796,340||796,340|213,768|
|RECONCILIATION|OFFUNDS|||||||
|Total funds brought|forward|||8,791,109|188,383|8,979,492|8,765,724|
|TOTAL FUNDS CARRIED FORWARD||||9,587,449|188,383|9,775,832|8,979,492|
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|Statement ofFinancial Position
31December 2021||||||
|---|---|---|---|---|---|
|||||31.12.21|31.12.20|
|||Unrestricted|Restricted|Total|Total|
|||fund|fuild|funds|funds|
||Notes|||||
|FIXEDASSETS||||||
|Tangible assets|14|6,676,403||6,676,403|7,153,531|
|Investments|15|1,920,188||1,920,188|1,567,630|
|||8,596,591||8,596,591|8,721,161|
|CURRENT ASSETS||||||
|Debtors|16|147,015||147,015|177,730|
|Cash at bank and in hand||1,261,966|188,383|1,450,349|511,535|
|||1,408,981|188,383|1,597,364|689,265|
|CREDITORS||||||
|Amounts
falling due within one year|17|(418,123)||(418,123)|(430,934)|
|NET CURRENT ASSETS||990,858|188,383|1,179,241|258,331|
|TOTAL ASSETSLESSCURRENT||||||
|LIABILITIES||9,587,449|188,383|9,775,832|8,979,492|
|NET ASSETS||9,587,449|188,383|9,775,832|8,979,492|
|FUNDS|19|||||
|Unrestricted
funds||||9,587,449|8,791,109|
|Restricted funds||||188,383|188,383|
|TOTAL FUNDS||||9,775,832|8,979,492|
##
||||31.12.2]|31.12.20|
|---|---|---|---|---|
|||Notes|||
|Cash flows from operating|activities||||
|Cash generated
from operations|||704,010|549,567|
|Net cash provided by operating
activities|||704,010|549,567|
|Cash flows from investing|activities||||
|Purchase oftangible fixed assets
Purchase offixed asset investments
Sale oftangible fixed assets|||(6,198)
(194,376)
417,777|(10,380)
(571,201)|
|Income from investments|||17,493|5,130|
|Interest received|||108|209|
|Net cash provided
by/(used|in) investing|activities|234,804|(576,242)|
|Change in cash and cash equivalents||in the|||
|reporting
period|||938,814|(26,675)|
|Cash and cash equivalents|at the beginning||||
|ofthe reporting
period|||511,535|538,210|
|Cash and cash equivalents|at the end|ofthe|||
|reporting
period|||1,450,349|511,535|
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||||||
|---|---|---|---|---|
|RECONCILIATION|OF NET INCOME TO NET CASH FLOW FROM||OPERATING ACTIUITIES||
||||31.12.21|31.12.20|
|Net income for the reporting||period (as per the Statement ofFinancial|||
|Activities)|||796,340|213,768|
|Adjustments
for:|||||
|Depreciation
charges|||65,549|68,563|
|(Gain)/losses
on investments|||(158,182)|107,367|
|Investment
income recognised||in P&L|(17,493)|(5,130)|
|Other interest received|||(108)|(209)|
|Decrease in debtors|||30,715|189,704|
|Decrease in creditors|||(12,811)|(24,496)|
|Net cash provided
by|operations||704,010|549,567|
|ANALYSIS OF CHANGES||IN NET FUNDS|||
||At 1.1.21|Cash flow|At 31.12.21|
|---|---|---|---|
|Net cash||||
|Cash at bank and in hand|511,535|938,814|1,450,349|
||511,535|938,814|1,450,349|
|Total|511,535|938,814|1,450,349|
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|DONATI|ONS
AND LEGACIES|||||
|---|---|---|---|---|---|
|||||31.12.21|31.12.20|
|||Unrestricted|Restricted|Total|Total|
|||funds|flliids|funds|funds|
|Donations,|gifts and legacies|280,084||280,084|122,376|
|Gift aid||37,994||37,994|29,670|
|||318,078||318,078|152,046|
|OTHER TRADING ACTIVITIES||||||
|||||31.12.21|31.12.20|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|funds|funds|
|Rental income||552,729||552,729|610,317|
|Rates income||1,885||1,885||
|Insurance|income|2,059||2,059||
|||556,673||556,673|610,317|
|INVESTMENT INCOME||||||
|||||31.12.21|31.12.20|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|funds|funds|
||||E||E|
|Income from listed investments||14,137||14,137|1,724|
|Interest receivable||3,356||3,356|3,406|
|||17,493||17,493|5,130|
|OTHER INCOME||||||
|||||31.12.21|31.12.20|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|funds|funds|
|Gain on sale oftangible fixed assets||175,213||175,213||
|Sundry income||2,686||2,686|210|
|Release ofprovision||28,595||28,595||
|||206,494||206,494|210|
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|7.|COSTSOF GENERATING FUNDS|COSTSOF GENERATING FUNDS|COSTSOF GENERATING FUNDS|COSTSOF GENERATING FUNDS||||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||31.12.21|31.12.20|
||||||Unrestricted||Restricted|Total|Total|
|||||||funds|flliids|funds|funds|
||Investment|management|and transaction||fees|9,306||9,306|16,883|
|8.|CHARITABLE ACTIVITIES COSTS|||||||||
||||||||||Direct|
||||||||||Costs (see|
||||||||||note 9)|
||Charitable|activities|||||||451,274|
|9.|DIRECT|COSTS OF CHARITABLE|||ACTIVITIES|||||
|||||||||31.12.21|31.12.20|
||Staffcosts|||||||30,549|10,219|
||Rent|||||||259,911|284,606|
||Rates|||||||6,609|21,085|
||Insurance|- various||||||7,123|5,936|
||Insurance|- general||||||3,442|3,366|
||Repairs and maintenance|||||||57,284|21,660|
||Legal and|professional||||||12,389|6,089|
||Audit fees|||||||7,000|6,600|
||Other office expenses|||||||1,251|1,205|
||Bank charges and interest paid|||||||167|306|
||Depreciation|||||||65,549|68,563|
|||||||||451,274|429,635|
|10.|GRANTS|PAYABLE||||||||
|||||||||31.12.21|31.12.20|
||Charitable|activities|||||||50|
||The total grants paid to institutions|||during|the year was as|follows:||||
|||||||||31.12.21|31.12.20|
||London Church||||||||50|
|11.|NET INCOME/(EXPENDITURE)|||||||||
||Net income/(expenditure)||is stated after charging/(crediting):|||||||
|||||||||31.12.21|31.12.20|
||Depreciation
-owned assets|||||||65,549|68,563|
||Rent|||||||259,911|284,606|
||Surplus on|disposal offixed assets||||||(175,213)||
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||||||31.12.21|31.12.20|
|---|---|---|---|---|---|---|
|Wages and salaries|||||27,493|10,219|
|Other pension|costs||||3,056||
||||||30,549|10,219|
|The average monthly||number ofemployees||during the year was as follows:|||
||||||31.12.21|31.12.20|
|Management|and administration||||1|1|
|No employees|received emoluments||in excess of860,000.||||
##
|TANGIBLE FIXEDASSETS||||
|---|---|---|---|
|||Fixtures,||
||Land and|fittings||
||buildings|&equipment|Totals|
|COST||||
|At 1 January 2021|6,543,499|1,122,203|7,665,702|
|Additions||6,198|6,198|
|Disposals|(417,657)|(120)|(417,777)|
|At 31December 2021|6,125,842|1,128,281|7,254,123|
|DEPRECIATION||||
|At
1 January 2021|144,975|367,196|512,171|
|Charge for year|4,608|60,941|65,549|
|At 31 December 2021|149,583|428,137|577,720|
|NET BOOKVALUE||||
|At 31December 2021|5,976,259|700,144|6,676,403|
|At 31December 2020|6,398,524|755,007|7,153,531|
##
||||Listed|
|---|---|---|---|
||||investments|
|MARKET VALUE||||
|At 1 January 2021|||1,567,630|
|Additions|||194,376|
|Revaluations|||158,182|
|At 31December 2021|||1,920,188|
|NET BOOK VALUE||||
|At 31December 2021|||1,920,188|
|At 31 December 2020|||1,567,630|
|There were no investment|assets outside the UK.|||
|Cost or valuation
at 31December 2021 is represented||by:||
||||Listed|
||||investments|
|Valuation
in 2021|||1,920,188|
##
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|DEBTORS|||
|---|---|---|
||31.12.21|31.12.20|
|Amounts
falling due within one year:|||
|Trade debtors||1,838|
|Other debtors|3,712|3,712|
|Gift Aid receivable|38,035|29,764|
|Other loans receivable|10,000|82,120|
|Rent deposits|13,080|15,955|
|Prepayments
and accrued income|40,425|44,341|
||105,252|177,730|
|Amounts
falling due after more than one year:|||
|Other loans receivable|41,763||
|Aggregate
amounts|147,015|177,730|
##
||31.12.21|31.12.20|
|---|---|---|
|Trade creditors|1,048|1,194|
|Loan payable|400,000|400,000|
|Accruals and deferred income|17,075|29,740|
||418,123|430,934|
##
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||||||31.12.21|31.12.20|
|---|---|---|---|---|---|---|
|Within one year||||||99,416|
|Between one|and five years||||216,350|194,750|
||||||216,350|294,166|
|MOVEMENT||IN FUNDS|||||
||||||Net||
||||||movement|At|
|||||At 1.1.21|in funds|31.12.21|
|Unrestricted|funds||||||
|General fund||||8,791,109|796,340|9,587,449|
|Restricted funds|||||||
|Church planting||fund||188,383||188,383|
|TOTAL FUNDS||||8,979,492|796,340|9,775,832|
|Net movement||in funds, included|in the above are as follows:||||
||||Incoming|Resources|Gains and|Movement|
||||resources|expended|losses|in funds|
|||||||E|
|Unrestricted|funds||||||
|General fund|||1,098,738|(460,580)|158,182|796,340|
|TOTAL FUNDS|||1,098,738|(460,580)|158,182|796,340|
##
||||||||Net||
|---|---|---|---|---|---|---|---|---|
||||||||movement|At|
|||||||At 1.1.20|in funds|31.12.20|
|Unrestricted|funds||||||||
|General fund||||||8,577,341|213,768|8,791,109|
|Restricted funds|||||||||
|Church planting||fund||||188,383||188,383|
|TOTAL FUNDS||||||8,765,724|213,768|8,979,492|
|Comparative|net|movement||in funds, included|in the above are as follows:||||
||||||Incoming|Resources|Gains and|Movement|
||||||resources|expended|losses|nl funds|
|||||||E|||
|Unrestricted|funds||||||||
|General fund|||||767,703|(446,568)|(107,367)|213,768|
|TOTAL FUNDS|||||767,703|(446,568)|(107,367)|213,768|
|A current year 12months|||and prior year 12months combined position is as follows:||||||
||||||||Net||
||||||||movement|At|
|||||||At 1.1.20|in funds|31.12.21|
|Unrestricted|funds||||||||
|General fund||||||8,577,341|1,010,108|9,587,449|
|Restricted funds|||||||||
|Church planting||fund||||188,383||188,383|
|TOTAL FUNDS||||||8,765,724|1,010,108|9,775,832|
|||Incoming|Resources|Gains and|Movement|
|---|---|---|---|---|---|
|||resources|expended|losses|in funds|
|Unrestricted|funds|||||
|General fund||1,866,441|(907,148)|50,815|1,010,108|
|TOTAL FUNDS||1,866,441|(907,148)|50,815|1,010,108|
##
|||||||Balance at|
|---|---|---|---|---|---|---|
||||Balance at 1|||31|
||||January|Incoming|Resources|December|
||||2021|resources|expended|2021|
|Church|Planting|fund|188,383|||188,383|
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