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|Trustees'|report||1-4|
|Statement|ofTrustees'|responsibilities||
|Independent
auditor's||report|6-9|
|Statement|offinancial|activities|to|
|Statement|offinancial|position||
|Statement|ofcash flows||12|
|Notes to the financial statements|||13-28|
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|||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||funds|funds||funds|funds||
||||Notes|2021
5|2021
5||2020f|2020
5|2020
6|
|)09(L)afmm;||||||||||
|Donations
and|legacies||3|1,114,776|12,991|1,127,767|925,182|41,585|966,767|
|Charitable
activities|||4|24,178||24,178|25,552||25,552|
|Investments|||5|20,554||20,554|17,230||17,230|
|Other income|||6|184,187||184,187|25,707||25,707|
|Total income||||1,343,695|12,991|1,356,686|993,671|41,585|1,035,256|
|Raising funds|||7|13,509||13,509|10,791||10,791|
|Charitable
activities|||8|886,388|20,447|906,835|732,768|41,575|774,343|
|Other|||13|3,006||3,006|44,318||44,318|
|Total expenditure||||902,903|20,447|923,350|787,877|41,575|829,452|
|Net gains/(losses)||on||||||||
|investments|||14|35,000||35,000||||
|Net income/(expenditure)||||||||||
|for the year/||||||||||
|Net movement|in|funds||475,792|(7,456)|468,336|205,794|10|205,804|
|Fund balances|at 1 January|||||||||
|2021||||830,997|7,456|838,453|625,203|7,446|632,649|
|Fund balances|at|31||||||||
|December 2021||||1,306,789||1,306,789|830,997|7,456|838,453|
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||||2021||2020||
|---|---|---|---|---|---|---|
|||Notes|f||f||
|Fixed assets|||||||
|Property,
plant and equipment||15||88,873||138,183|
|Investment
properties||16||445,000||410,000|
|||||533,873||548,183|
|Current assets|||||||
|Trade and other receivables||17|46,354||78,149||
|Cash at bank and in|hand||1,013,102||533,463||
||||1,059,456||611,612||
|Current liabilities||19|(64,329)||(86,493)||
|Net current assets||||995,127||525,119|
|Total assets less current liabilities||||1,529,000||1,073,302|
|Non-current
liabilities||20||(222,211)||(234,849)|
|Net assets||||1,306,789||838,453|
|income funds|||||||
|Restricted
funds||22||||7,456|
|Unrestricted
funds|||||||
|Designated
funds:|||||||
|Reserve fund|||414,000||109,000||
|||23|414,000||109,000||
|General unrestricted|funds||892,789||721,997||
|||||1,306,789||830,997|
|||||1,306,789||838,453|
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|||||2021||2020||
|---|---|---|---|---|---|---|---|
||||Notes|8||6||
|Cash flows from operating||activities||||||
|Cash generated
from operations|||28||492,078||310,592|
|Investing|activities|||||||
|Purchase|of property,
plant|and equipment||(27,039)||(128,168)||
|Proceeds|on disposal of property,
plant||and|||||
|equipment||||5,658||5,175||
|Investment|income received|||20,554||17,230||
|Net cash|used in investing|activities|||(827)||(105,763)|
|Financing|activities|||||||
|Repayment|ofbank loans|||(11,612)||(6,684)||
|Net cash|used in financing|activities|||(11,612)||(6,684)|
|Net increase
in cash and cash equivalents|||||479,639||198,145|
|Cash and|cash equivalents|at beginning|ofyear||533,463||335,318|
|Cash and|cash equivalents|at end of|year||1,013,102||533,463|
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|||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||funds|funds||funds|funds||
|||||2021|2021|2021|2020|2020|2020|
|||||6||6||||
|Donations||and giffs||1,114,776|12,991|1,127,767|925,182|41,585|966,767|
|Donations|||and gifts|||||||
|Regular|donations|||626,564||626,564|576,855||576,855|
|Impact||||307,236|2,274|309,510|197,423|1,000|198,423|
|Special|offerings|||1,027|9,004|10,031|6,719|37,660|44,379|
|Gift aid||||179,949|1,713|181,662|144,185|2,925|147,110|
|||||1,114,776|12,991|1,127,767|925,182|41,585|966,767|
|Charitable|||activities|||||||
|||||||||Church|Church|
|||||||||activities|activities|
|||||||||2021|2020|
|||||||||F|f|
|Events and|||courses|||||21,402|4,553|
|Fun tots|||||||||5,778|
|Church|groups income||||||||S46|
|Coffee shop|||sales||||||9,332|
|Other income||||||||2,776|5,243|
|||||||||24,178|25,552|
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|||Unrestricted|Unrestricted|
|---|---|---|---|
|||funds|funds|
|||2021|2020|
|||8||
|Rental|income|19,370|15,182|
|Interest|receivable|1,184|2,048|
|||20,554|17,230|
##
||||Unrestricted|Unrestricted|
|---|---|---|---|---|
||||funds|funds|
||||2021|2020|
|||||5|
|HMRC Job Retention Scheme||||15,707|
|Government|Grant|||10,000|
|Transfer from Equippers||London on Church merger|184,187||
||||184,187|25,707|
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|Unrestricted|Unrestricted|
|---|---|
|funds|funds|
|2021|2020|
|6|f|
|13,509|10,791|
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||Church|Church|
|---|---|---|
||activities|activities|
||2021f|2020
5|
|Staff costs|179,401|167,082|
|Depreciation
and impairment|75,073|76,584|
|Church and ministry
expenses|100,737|86,911|
|Events and conferences|13,588|15,426|
|Education
and training|18,391|12,537|
|Motor expenses|20,263|21,358|
|Travel and subsistence|3,763|e,etg|
|Organisational
subscriptions|12,526|11,537|
|Pastoral accommodation|34,400|21,000|
|Hub rent, rates and equipment|38,407|20,270|
|Coffee shop expenses||5,700|
|Sunday service venue costs|54,292|20,242|
|Speakers
gifts and travel expenses|5,481|2,421|
|Church
hospitality
and catering|18,513|18,792|
||574,835|486,679|
|Grant funding
ofactivities (see note 9)|153,888|108,685|
|Share ofsupport costs (see note 10)|159,902|158,419|
|Share ofgovernance
costs (see note 10)|18,210|20,560|
||906,835|774,343|
|Analysis
by fund|||
|Unrestricted
funds|886,388|732,768|
|Restricted
funds|20,447|41,575|
||906,835|774,343|
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||||||Church|Church|
|---|---|---|---|---|---|---|
||||||activities|activities|
||||||2021|2020|
||||||f|f|
|Grants to|institutions:||||||
|Actions on||Ponodoniosis||Association|7,625||
|ACTS Churches
UK|||||6,000||
|Equippers||Budapest|||9,000|10,000|
|Equippers||Ghana|||20,000|11,510|
|Equippers||Mexico City|||4,500||
|Equippers||Network|International||5,100|3,600|
|Equippers||Rio||||6,000|
|Equippers||Tonga|||15,000||
|International||Justic|Mission||12,000|5,000|
|Love in Action (relief for||||individuals)|14,726|28,242|
|Vision Rescue UK|||||12,358||
|Gateway
Beyond Cyprus
Other grants below f5,001|||||10,000
24,516|40,808|
|General|||||13,063|3,525|
||||||153,888|108,685|
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|The average|monthly
number ofemployees
during t|he year was:||
|---|---|---|---|
|||2021|2020|
|||Number|Number|
|Pastoral||||
|Support||||
|Coffee shop||||
|Fun Tots||||
|Total||14|17|
|Employment|costs|2021|2020|
|||6||
|Wages and salaries||257,697|246,604|
|Social security costs||13,869|9,295|
|Other pension|costs|13,915|9,899|
|||285,481|265,798|
|2021|2020|
|---|---|
|Number|Number|
||670,000-f79,999|
|---|---|
|13|Other|
|||Unrestricted|Unrestricted|
|---|---|---|---|
|||funds|funds|
|||2021|2020|
|Net loss on disposal oftangible|fixed assets|(4,381)|(5,175)|
|"Toshiba" building costs||7,387|49,493|
|||3,006|44,318|
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|||||||Unrestricted|Total|
|---|---|---|---|---|---|---|---|
|||||||funds||
|||||||2021f|2020
f|
||Revaluation|ofinvestment||properties||35,000||
|15|Property,
plant and equipment|||||||
||||||Production|Motor|Total|
||||||equipment,|vehicles||
||||||fixtures and|||
||||||fittings|||
||Cost|||||||
||At 1 January|2021|||479,257|19,000|498,257|
||Additions||||27,039||27,039|
||Disposals||||(1,277)|(17,000)|(18,277)|
||At 31 December 2021||||505,019|2,000|507,019|
||Depreciation|and impairment||||||
||At 1 January|2021|||341,073|19,000|360,073|
||Depreciation|charged|in the|year|75,073||75,073|
||Eliminated
in respect ofdisposals|||||(17,000)|(17,000)|
||At 31 December 2021||||416,146|2,000|418,146|
||Carrying
amount|||||||
||At 31 December 2021||||88,873||88,873|
||At 31 December 2020||||138,183||138,183|
|16|Investment|property||||||
||||||||2021f|
||Fair value|||||||
||At 1 January|2021|||||410,000|
||Net gains or|losses through||fair value adjustments|||35,000|
||At 31 December 2021||||||445,000|
##
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|17|Trade and other receivables|||
|---|---|---|---|
|||2021|2020|
||Amounts
falling due within one year:|8||
||Trade receivables|324|1,497|
||Other receivables|29,721|47,590|
||Prepayments
and accrued income|16,309|29,062|
|||46,354|76,149|
|Borrowings|||
|---|---|---|
||2021|2020|
||8||
|Bank loans|234,601|246,213|
|Payable within one year|12,390|11,364|
|Payable aher one year|222,211|234,849|
##
||||||2021|2020|
|---|---|---|---|---|---|---|
|||||Notes|8|f|
||Bank loans|||18|12,390|11,364|
||Other taxation|and social security||||(6)|
||Trade payables||||31,502|53,435|
||Accruals and|deferred|income||20,437|21,702|
||||||64,329|86,493|
|20|Non-current|liabilities|||||
||||||2021|2020|
|||||Notes||f|
||Bank loans|||18|222,211|234,849|
##
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##
|||Movement|in funds|||Movement|in funds||
|---|---|---|---|---|---|---|---|---|
||Balance at|Incomina|Resources|Balance at||Incomlna|Resources|Balance at|
||1January 2020|resources|expended1|January|2021|resources|expended|31 December|
|||||||||2021f|
|Specific gifts||269|(269)|||7,349|(7,349)||
|Staff fund|6,821||(6,821)||||||
|Restricted|||||||||
|impact
COVID 19|625|1,250|(625)||1,250|2,274|(3,524)||
|(Love in|||||||||
|Action)||33,065|(26,859)|6,206||3,368|(9,574)||
|||7,001|(7,001)||||||
||7,446|41,585|(41,575)|7,456||12,991|(20,447)||
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||||||Movement|||Movement|in funds||
|---|---|---|---|---|---|---|---|---|---|---|
||||||in funds||||||
||||Balance at||Incoming|Balance at||Incoming|Transfers|Balance at|
||||1 January|2020|resources1|Janusry|2021|resources||$1 December|
|||||||||||2021|
|||||||||||8|
|Reserve||fund|109,000|||109,000||||109,000|
|Richmond||Property|||||||||
|Reserve||||||||55,000||55,000|
|Future|Building fund||||||||250,000|250,000|
||||109,000|||109,000||55,000|250,000|414,000|
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||Unrestricted|Unrestricted|Restricted|Total|Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|---|
|||Funds|Funds||Funds|Funds||
|||2021
8|2021
f|2021
8|2020
f|2020
f|2020|
|Fund balances are represented||by:||||||
|Property,|plant and|||||||
|equipment||88,873||88,873|138,183||138,183|
|Investment|properties|445,000||445,000|410,000||410,000|
|Current assets/||||||||
|(liabilities)||995,127||995,127|517,663|7,456|525,119|
|Long term|liabilities|(222,211)||(222,211)|(234,849)||(234,849)|
||1,306,789|||1,306,789|830,997|7,456|838,453|
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||||2021|2020|
|---|---|---|---|---|
|||||2|
|Within|one|year|21,408|26,750|
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|||2021|2020f|
|---|---|---|---|
|Aggregate|compensation|114,061|105,524|
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|28|Cash generated|from|operations|||||2021|2020|
|---|---|---|---|---|---|---|---|---|---|
||Surplus
for the year|||||||468,336|205,804|
||Adjustments
for:|||||||||
||Investment
income recognised
in statement||||offinancial|activities||(20,554)|(17,230)|
||Gain on disposal|of property,
plant and equipment||||||(4,381)|(5,175)|
||Fair value gains and losses on investment||||properties|||(35,000)||
||Depreciation
and|impairment
ofproperty,||plant and equipment||||75,073|76,584|
||Movements
in working||capital:|||||||
||Decrease
in trade|and|other receivables|||||31,795|34,207|
||(Decrease)/increase
in||trade and other payables|||||(23,191)|16,402|
||Cash generated|from|operations|||||492,078|310,592|
|29|Analysis
ofchanges||in net funds|||||||
||||||||At 1January|Cash flows|At 31 December|
||||||||2021||2021|
|||||||||6||
||Cash at bank and|in hand|||||533,463|479,639|1,013,102|
||Loans falling due|within|one year||||(11,364)|(1,026)|(12,390)|
||Loans falling due|aRer|more than one year||||(234,849)|12,638|(222,211)|
||||||||287,250|491,251|778,501|