2022-08-31-accounts

Directors/Trustees Karen Lyon	Stuart Britton (resigned 20 June 2022)	Christine Goodban	Stephen Myerscough (resigned 13 September 2021)	Ulrike Skinner (appointed 13 September 2021)	Peyman Bandar (appointed 13 September 2021)	Chris James (resigned 13 September 2021)	Garry Bateman (appointed 27 August 2022)	Key Staff Rodney Haggar	Joel Tostevin	Peter Saner	Governing Document Memorandum and Articles of Association	Charity Registration Number 1096530	Company Registration Number 04664258	Registered Office 44 Guildbourne Centre	Worthing	BN11 1LZ	Independent Examiner Archie McDowall	Stewardship	1 Lamb's Passage	London	EC1Y 8AB	Bankers Cafbank Ltd	West Malling	Contents Page	Charity Information 1	Trustees' Annual Report 2-7	Independent Examiner's Report 8	Statement of Financial Activities 9	Balance Sheet 10	Notes to the Accounts 11-19	Detailed Statement of Financial Activities with Comparatives 20

Resources Expenditure	Total resources expended for the year increased from £366,386 in 2021 to £404,670. In addition the	church spent £876,242 on the Church’s new home in the Guildbourne Centre in 2021	Funds and Balance Sheet	The movement in total funds for the year is a net decrease of £16,660 due to final expenses on finishing	the Guildbourne Centre building project. At the year-end total funds were £895,935, £805,836	represents fixed assets. Net current assets were £205,098, of which £120,774 are General funds being	unrestricted and designated. This balance is in line with the Church’s reserves policy.	PLANS FOR THE COMING YEAR	The key objectives to be addressed during the coming year (2021-22) are:	� To preach the good news of Jesus in a way that is clear and contextually relevant.	� To be a blessing to our town through various community projects.	� To grow as a church family, in number and in our discipleship - looking at the culture that we	want to model here.	� To continue to build relationships with other churches locally and also in the nations,	including sending team(s) on short term mission trips.	GOVERNANCE AND DIRECTORS	The following changes occurred during the year ending 31 August 2022.	� Stephen Myerscough resigned as a Director on 13thSeptember 202�	� Christopher James resigned as a Director on 13thSeptember 202�	� Peyman Bandar was appointed a Director on 13thSeptember 202�	� Ulrike Skinner was appointed a Director on 13thSeptember 202�	� Stuart Britton resigned as Director and Chair of Trustees on 20thJune 2022	� Karen (Carrie) Lyon was appointed Chair of Trustees on 20thJune 2022	� Garry Bateman was appointed a Director on 27thAugust 2022	The directors are regarded as the trustees of the charity for the purpose of the Charities Act 2011.	The board of directors, who meet at least four times a year, are responsible in law for implementing the	strategic decisions and direction given by the Eldership/Directional Team of the Church. Directors are	appointed by the Members at the Annual General Meeting. The Directors may also appoint a director	to serve until the next Annual General Meeting, at which time they would cease to hold office but would	be eligible for election.	The Directors monitor finance, risk management and internal control.	The directors delegate the running of the charity to the Eldership/Directional Team of the Church as	listed previously. The Eldership/Directional Team oversees the achievement of the objectives of the	charity, day-to-day operational decisions and the co-ordination and direction of the church’s work.	Progress is monitored regularly by the directors.	The directors are members of the church and bring experience and expertise in business, accounting,	public sector, charity sector and law. Training is provided to board members as required.	Directors’ responsibilities	The directors (who are also Trustees of the Church) are responsible for preparing the Director’s Report	and financial statements in accordance with applicable law and United Kingdom Accounting Standards	(United Kingdom Generally Accepted Accounting Practice).	Company Law requires the Directors (Trustees) to prepare Financial Statements for each financial year	which give a true and fair view of the state of affairs of the charitable company and of the incoming

INDEPENDENT EXAMINER'S REPORT	TO THE TRUSTEES OF	REDEEMER WORTHING LTD	('the Company')	I report to the charity trustees on my examination of the accounts of the Company for the year ended 31	August 2022 on pages 9 to 20 following, which have been prepared on the basis of the accounting	policies set out on pages 11 to 12.	Responsibilities and basis of report	As the charity’s trustees of the Company (and also its directors for the purposes of company law) you are	responsible for the preparation of the accounts in accordance with the requirements of the Companies	Act 2006 (‘the 2006 Act’).	Having satisfied myself that the accounts of the Company are not required to be audited under Part 16 of	the 2006 Act and are eligible for independent examination, I report in respect of my examination of your	charity’s accounts as carried out under section 145 of the Charities Act 2011 (‘the 2011 Act’). In carrying	out my examination I have followed the Directions given by the Charity Commission under section 145(5)	(b) of the 2011 Act.	Independent examiner’s statement	Since the Company’s gross income exceeded £250,000 your examiner must be a member of a body	listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I	am a member of The Institute of Chartered Accountants of Scotland, which is one of the listed bodies.	I have completed my examination. I confirm that no matters have come to my attention in connection	with the examination giving me cause to believe:	1. accounting records were not kept in respect of the Company as required by section 386 of the 2006	Act; or	2. the accounts do not accord with those records; or	3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other	than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as	part of an independent examination; or	4. the accounts have not been prepared in accordance with the methods and principles of the Statement	of Recommended Practice for accounting and reporting by charities [applicable to charities preparing	their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of	Ireland (FRS 102)].	I have no concerns and have come across no other matters in connection with the examination to which	attention should be drawn in this report in order to enable a proper understanding of the accounts to be	reached.	��������������	Archie McDowall, BA CA	Institute of Chartered Accountants of Scotland	Stewardship	1 Lamb's Passage	London	EC1Y 8AB	Date:���������

STATEMENT OF FINANCIAL ACTIVITIES	INCLUDING INCOME AND EXPENDITURE ACCOUNT	FOR THE YEAR ENDED 31 AUGUST 2022	Total Total	Unrestricted Restricted Funds Funds	Funds Funds 2022 2021	Note £ £ £ £	INCOME AND ENDOWMENTS FROM:	Donations and legacies 3 254,284 57,579 311,863 549,821	Investments 4 37,822 - 37,822 54	Other income 5 37,917 408 38,326 1,055	Total income and endowments 330,023 57,987 388,011 550,930	EXPENDITURE ON:	Charitable activities 6 340,274 64,397 404,670 366,386	Total expenditure 340,274 64,397 404,670 366,386	Net gains/(losses) on investments - - - -	Net income/(expenditure) (10,251) (6,409) (16,660) 184,544	Transfers between funds 15 (376) 376 - -	Net movement in funds (10,627) (6,033) (16,660) 184,544	Reconciliation of funds:	Total funds brought forward 822,238 90,357 912,595 728,051	Total funds carried forward 15 811,611 84,324 895,935 912,595	The statement of financial activities includes all gains and losses recognised in the year.	All income and expenditure derive from continuing operations.	The statement of financial activities also complies with the requirements for an income and expenditure account	required by the Companies Act 2006.	The notes on page 11-19 form part of these accounts.

Total Total	Unrestricted Restricted Funds Funds	Funds Funds 2022 2021	Note £ £ £ £	FIXED ASSETS	Tangible assets 8 805,836 - 805,836 830,861	Investments 9 1 - 1 1	805,837 - 805,837 830,862	CURRENT ASSETS	Stock 10 - 4,348 4,348 4,916	Debtors 11 40,784 - 40,784 20,319	Cash at bank and in hand 12 92,274 79,976 172,250 262,619	133,058 84,324 217,382 287,855	CREDITORS: Amounts falling	due within one year 13 (12,284) - (12,284) (91,122)	Net current assets / (liabilities) 120,774 84,324 205,098 196,733		Total assets less current liabilities 926,611 84,324 1,010,935 1,027,595	CREDITORS: Amounts falling due 14 (115,000) - (115,000) (115,000)	after more than one year	TOTAL NET ASSETS 811,611 84,324 895,935 912,595	FUND BALANCES 15	Unrestricted Funds	General funds 760,858 - 760,858 767,796	Designated funds 50,752 - 50,752 54,442	811,611 - 811,611 822,237	Restricted Funds - 84,324 84,324 90,357	811,611 84,324 895,935 912,595	The charitable company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended	31 August 2022.	The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2022	in accordance with Section 476 of the Companies Act 2006 however, in accordance with Section 145 of the Charities Act	2011, the accounts have been examined by an independent examiner and their report has been included in these financial	statements.	The directors (who are the charitable company's trustees for the purposes of charity law) acknowledge their responsibilities	for:	(a) ensuring that the charitable company keeps accounting records which comply with Sections 386 and 387 of the	Companies Act 2006 and	(b) preparing financial statements which give a true and fair view of the state of affairs of the charitable company as at the end	of each financial year and of its net income or expenditure for each financial year in accordance with the requirements of	Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial	statements, so far as applicable to the charitable company.	The financial statements have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating	to small companies.	The financial statements were approved by the Board of Trustees and were signed on its behalf by:	Date���������� _________ ���������	Name:���������	Charity number: Company Number 04664258 1096530	The notes on page 11-19 form part of these accounts.	Page 10

Fund accounting	Fund accounting	General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general	objectives of the charity. Designated funds comprise unrestricted funds that have been set aside by the trustees for particular	purposes. Restricted funds are donations which are to be used in accordance with specific restrictions imposed by donors; they	include donations received from appeals for specific activities or projects. The nature of the restriction determines whether the	endowments represent permanent endowments or expendable endowments.	Tangible fixed assets	Items purchased or donated for the charity's own use are capitalised when the cost of purchased items, or the fair value of donated	items, is more than £1,000 and the item is expected to benefit the charity over more than one accounting period. Depreciation is	charged on a straight line basis so as to write down the value of each asset to its estimated residual value (if any) over its expected	useful economic life. To achieve this objective the following rates of depreciation are charged:	Equipment Over 3 to 10 years	Furniture 20 years	Fit-Out costs 20 years	The carrying values of tangible fixed assets are reviewed for impairment in periods when events or changes in circumstances indicate	that the carrying value may not be recoverable.	Investments		Fixed asset investments are held to generate income and for their investment potential. Investments are valued as follows:	i) Listed investments are valued at their market value (fair value) at the balance sheet date.	ii) Unlisted investments are measured at cost less impairment where it becomes apparent that the amount that could be realised is	less than cost.	Impairment losses and losses arising on the disposal of social investments are included in the Statement of Financial Activities under	the heading 'Expenditure on charitable activities'. Gains arising on the disposal of social investments are included in the Statement of	Financial Activities under the heading 'Other income'. All other gains and losses on investment assets are included in the Statement	of Financial Activities under the heading 'Net gains / (losses) on investments'.	Stocks		Stocks of donated items held for distribution to beneficiaries are measured at fair value; stocks of goods donated for the charity's own	use are valued at an estimate of their value to the charity.	Pension scheme arrangements	The charity operates defined contribution pension schemes for its employees. Obligations for contributions to these schemes are	recognised as an expense when the liability arises. The assets of these schemes are held separately from those of the charity in	independently administered funds.	Taxation		The charity has taken advantage of the various reliefs from taxation available to charities and no tax is payable on the charity's	income.	Critical accounting estimates and areas of judgement	The trustees do not consider that there are any material sources of estimation or uncertainty at the balance sheet date that could	result in a material adjustment to the carrying values of assets and liabilities in the next reporting period.
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				2021	£	433,525	20,814	19,911	75,571	549,821		2021	£	20,814	20,814		2021	£	54	-	54		2021	£	-	-	-	1,055	1,055		2022	£		55,886	178,447	25,323		12,956		272,612		3,960	72,205	50,753	4,915	226	132,058	404,670	2021	£		21,453	184,492	18,082	8,526	232,553		4,800	83,484	45,381	-	168	133,833	366,386
REDEEMER WORTHING LTD	NOTES TO THE ACCOUNTS	FOR THE YEAR ENDED 31 AUGUST 2022	3 Donations and legacies	2022	£	General Donations 235,894	Donations in kind 29,670	Government Job Retention Scheme grants -	Income tax recoverable 46,300	311,863	Donations in kind comprise the following:	2022	Goods donated for: £	Foodbank 29,670	29,670	4 Investment income	2022	£	Bank interest 83	Management contribution from Rooms Worthing Ltd 37,738	37,822	5 Other income	2022	£	Newday, Fusion & Church camps 21,912	VAT recovery 13,326	Other church events 680	Other income 2,409	38,326	6 Charitable expenditure	Core activities Foodbank	£ £	a Costs incurred directly on specific activities	Church activities 48,373 7,513	Staff costs 158,649 19,798	Donations in kind expensed (note 4e) - 25,323		Grants payable (note 4f) 12,956 -		219,978 52,635	b Costs incurred on support & administration	Governance costs 3,960 -	Administration support costs 68,679 3,526	Depreciation of tangible fixed assets 46,755 3,998	Stock wastage - 4,915	Other 226 -	119,619 12,439	Total expenditure 339,597 65,074	In the previous year, charitable expenditure was as follows: Core activities Foodbank	£ £	c Costs incurred directly on specific activities	Church activities 13,940 7,513	Staff costs 164,694 19,798	Donations in kind expensed (note 4e) - 18,082	Grants payable (note 4f) 8,526 -	187,160 45,393	d Costs incurred on support & administration	Governance costs 4,800 -	Administration support costs 79,958 3,526	Depreciation of tangible fixed assets 45,381 -	Stock wastage - -	Other 168 -	130,307 3,526	Total expenditure 317,467 48,919	The fee payable to the independent examiner for preparing and examining the accounts was £3,960 (2021: £4,800).	Page 13

NOTES TO THE ACCOUNTS	FOR THE YEAR ENDED 31 AUGUST 2022	Donations in kind expensed in year	2022 2021	£ £	Donated goods distributed in year 25,323 18,082	Donated goods distributed in year 25,323 18,082	25,323 18,082	Grants payable	Grants payable	Individuals Institutions 2022	£ £ £	Grants for UK and overseas mission 27 12,929 12,956	27 12,929 12,956	The comparatives for the previous year are as follows:	Individuals Institutions 2021	£ £ £	Grants for UK and overseas mission 926 7,600 8,526	926 7,600 8,526	The charity's principal grants to institutions comprised:	2022 2021	£ £	Regions beyond 3,850 6,600	West Africa Mission 4,522 -	Issachar Ministries UK - 1,000	Xtend Global UK 1,000 -	Hope for Tomorrow Global 1,631 -	Yada UK 1,800	Grants to institutions for less than £1,000 each 125 -	12,929 7,600	Analysis of staff costs, the cost of key management personnel and trustee remuneration and expenses	2022 2021	£ £	Gross wages, salaries & benefits in kind 155,009 157,595	Employer's National Insurance costs 8,522 12,265	Pension costs 12,013 13,537	Other pay costs 2,532 1,095	Total staff costs 178,076 184,492	The average monthly number of employees during the year was 8 (2021: 8). Most of the charity's activities are carried out by	volunteers.	No staff received salaries at a rate of more than £60,000 per annum.	During the year key management received employment benefits totalling £83,679 (2021: £69,715).	No trustees received employment benefits in either the current or preceding year.	No expenses (2021: £nil) were paid to, or for, the trustees.
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Fixtures	fittings and Computer Furniture Fit Out Vehicles Total	equipment Equipment Costs 2022	£ £ £ £ £ £	Cost	At 1 September 2021 36,036 1,000 38,320 806,539 - 881,895	Additions 13,733 - - - 11,995 25,728	Disposals - - - - - -	At 31 August 2022 49,769 1,000 38,320 806,539 11,995 907,623	Accumulated depreciation	At 1 September 2021 7,791 1,000 1,916 40,327 51,035	Charge for the year 4,512 - 1,916 40,327 3,998 50,753	Eliminated on disposal - - - - - -	At 31 August 2022 12,303 1,000 3,832 80,654 3,998 101,787	Net book value	At 31 August 2022 37,466 - 34,488 725,885 7,997 805,836	At 31 August 2021 28,245 - 36,404 766,212 - 830,861	On 13 September 2020 the Church signed a 20 year lease on 1st Floor, Guildbourne Centre, Worthing. Fit out and other costs have	been capitalised and will be depreciated over the length of the 20 year lease.	Fixed asset investments	Unquoted 2022 2021	shares £ £	Cost or fair value brought forward 1 1 -	Cost or fair value carried forward 1 1 1	UK unquoted shares – In September 2020, a subletting company ‘The Rooms (Worthing) Ltd’ (Company number 11750254) was	established to allow the Church to sublet the space to others when not in use by the church.	Stock	2022 2021	£ £	Donated goods	For distribution to beneficiaries 4,348 4,916	4,348 4,916	Debtors	2022 2021	£ £	Falling due within one year:	Tax recoverable 3,544 3,435	Prepayments 1,091 144	Other debtors 5,385 4,643	Due from group undertakings 18,667 -	28,687 8,222	Falling due after one year	Loans to group undertakings 12,097 12,097	12,097 12,097	Total debtors 40,784 20,319	The church has granted a loan of £10,000 to The Rooms Worthing Ltd, a 100% owned subsidiary. The loan is interest free, unsecured	and will be repaid as funds become available.	Cash at Bank and in Hand	2022 2021	£ £	Cash at bank with immediate access 171,762 262,131	Petty cash 489 489	172,250 262,619
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2022 2021	£ £	Escrow account - 50,000	Accruals 12,284 41,122	12,284 91,122	Creditors: amounts falling due after more than one year	2021 2020	£ £	Loans (note 15) 115,000 115,000	115,000 115,000	Funds	During the year the movements in the charity's funds were as follows:	Opening Incoming Outgoing Transfers Gains and Closing	balance resources resources in the year losses balance	2022 2022 2022 2022 2022 2022	£ £ £ £ £ £	Designated Funds	Mission funds - - - - - -	Building fund - 13,537 - (13,537) - -	Foodbank Body Basics 670 - (484) - - 186	Fit Out costs - 2,420 (2,420) - - -	Fusion and church camp - 14,106 (15,542) (648) - (2,084)	Gather fund 5,168 234 - - - 5,402	In Need Fund 887 - (510) - - 377	Internship Fund 1,366 - (239) - - 1,127	Rent - GBC rent etc 40,000 2,965 (22,965) - - 20,000	Roomsworthing Fund - 256 (82) (174) - -	Soup Run & Night Shelter 5,856 900 - - - 6,756	Youth Work 494 - - (494) - 0	Burundi truck - 1,631 (1,631) - - -	Newday - 8,337 (10,114) 1,777 - 0	Reserve for loan repayment - - - 17,515 - 17,515	Bereavement support - - (27) 1,500 - 1,473	54,442 44,386 (54,014) 5,939 - 50,752	General Unrestricted Funds 767,794 285,637 (286,260) (6,315) - 760,856	Total Unrestricted Funds 822,236 330,023 (340,274) (376) - 811,609	Restricted Funds	Special offerings 662 4,522 (4,522) - - 662	Contingency Fund - - - - - -	Foodbank 86,611 53,465 (56,428) 14 - 83,662	City Hill Fund 3,084 - (3,446) 362 - 0	90,357 57,987 (64,397) 376 - 84,324	Aggregate of funds 912,593 388,011 (404,670) - - 895,933	Transfers	The restricted Contingency fund was established to ringfence donations given to fund the church's acquisition and fit out of its new	venue. All the funds have been spent in line with the donors' wishes and capitalised in these accounts. This transfer reflects the	church's spending on capital costs.

				2022	£	805,836	1	4,348	40,784	172,250	(12,284)	(115,000)	895,935			Closing	balance	2021	£		-	0	670	-	-	5,168	887	1,366	40,000	-	5,856	494	54,442	767,794	822,235		662	-	86,611	3,084	90,357	912,592
			Restricted	funds	£	-	-	4,348	-	79,976	-	-	84,324			Gains and	losses	2021	£		-	-	-	-	-	-	-	-	-	-	-	-	-	-	-		-	-	-	-	-	-
		Unrestricted Funds	General Designated	funds funds	£ £	805,836 -	1 -	- -	40,784 -	41,521 50,752	(12,284) -	(115,000) -	760,859 50,752			Outgoing Transfers	resources in the year	2021 2021	£ £		- (49,125)	- (159,815)	(99) 172	- (100,474)	- -	- 5,168	(500) 547	(58) 1,424	- 40,000	(313) -	(100) 4,756	(127) 621	(1,197) (256,725)	(333,734) 664,439	(334,931) 407,714		- -	- (411,846)	(30,837) 514	- 3,000	(30,837) (408,332)	(365,768) (618)
Analysis of net assets by fund	The assets and liabilities of the various funds were as follows:					Tangible fixed assets	Investments	Stock	Debtors	Cash at bank and in hand	Creditors falling due within one year	Creditors falling due after more than one year		In the previous year the movements in the charity's funds were as follows:		Opening Incoming	balance resources	2021 2021	£ £	Designated Funds	Mission funds 49,125 -	Building fund 43,868 115,947	Foodbank Body Basics 597	Fit Out costs 100,474	Fusion and church camp -	Gather fund -	In Need Fund 840	Internship Fund -	Rent - GBC rent etc -	Roomsworthing Fund 313	Soup Run & Night Shelter 1,200	Youth Work -	92,993 219,371	General Unrestricted Funds 174,591 262,498	Total Unrestricted Funds 267,583 481,869	Restricted Funds	Special offerings 220 442	Contingency Fund 410,491 1,355	Foodbank 49,670 67,264	City Hill Fund 84 -	460,465 69,061	Aggregate of funds 728,048 550,930

In the previous year, the assets and liabilities of the various funds were as follows:	Unrestricted Funds	General Designated Restricted	funds funds funds 2021	£ £ £ £	Tangible fixed assets 830,861 - - 830,861	Investments 1 - - 1	Stock - - 4,916 4,916	Debtors 20,319 - - 20,319	Cash at bank and in hand 122,737 54,442 85,441 262,619	Creditors falling due within one year (91,122) - - (91,122)	Creditors falling due after more than one year (115,000) - - (115,000)	767,797 54,442 90,357 912,595	Mission Fundis money set aside to help those in need, locally and internationally.	Building fundis money set aside to be used for the acquisition of a lease and development costs for the church's new premises.	Foodbank Body Basics fundis to support the church's foodbank serving the local area	Fit Out Costs Fundwas created to set aside funds needed to fit out the church's new building	Gather fundis for donations to support the church's joint church camping weekend.	In Need Fundis for donations to support need problems that arise.	Internship Fundis for donations to support the work of interns within the church.	Rent fund GBCis an amount set aside from donations to pay for rent, service charges & insurance	for the Guildbourne Centre in its early years.	Roomsworthing Fundaims to support the work of the church's subsidiary, The Rooms Worthing Ltd, in its work serving the local	community.	Soup Run and Nightshelter Fundsare for use for the service to the homeless.	Youth Work Fundis for the work amongst the youth of the church.	Special offerings fundis used for raising money (via donations) for specific charities	Contingency Fundis designed to pay for any unforeseen events and could include a building project	City H�ll Fundis to fund the church's work in Asia	Foodbank Fundis to support the church's foodbank serving the local area	International Workers Fundis for all other international work supported by the church

Loans and finance leases	The liabilities for concessionary loans referred to in note 10 fall due for repayment as follows:	Otherwise Concessionary loans	than by By 2022 2021	instalments instalments £ £	Repayable:	Within one year - - - -	Between one and five years 115,000 - 115,000 115,000	After five years - -	115,000 - 115,000 115,000	The concessionary loans are interest free and unsecured; they are being repaid when funds become available. The latest date by	which all loans must be repaid in full is 1 October 2025.	Operating lease commitments	The charity has an operating lease for its church building in the Guildbourne centre, Worthing. The minimum amount payable (until the	next break clause and ignoring the potential effect of future rent reviews) in respect of this lease is as follows:	2022 2021	£ £	Payments falling due:	Within one year 39,528 39,528	Between one and five years 118,584 118,584	After five years - -	158,112 158,112	During the year the charity was charged £38,112 (2021: £38,112) for its operating lease.	Transactions with related parties	During the year the charity received donations totalling £27,405 (2021: £72,732) from related parties (which includes trustees,	members of key management and anyone closely connected to them).	During the year the charity received loans of £15,000 and £10,000 from Paul and Janet Tostevin, who are related to Joel Tostevin, a	member of the charity's key management. The loans are unsecured and interest free, as decribed in note 14.	Except as disclosed in note 5 'Analysis of staff costs', there have been no other transactions with related parties during the year.	Subsidiaries	Details of the church's subsidiary at 31 August 2022 are as follows:	Class of	shares % Held Registered	Name of Undertaking Nature of business held direct Office	The Rooms (Worthing) Ltd Ordinary 100% 44 Guildbourne Property letting and	Centre, Worthing management

	Total 2021 £ 549,821 54 1,055 550,930 366,386 366,386 - 184,544 - 184,544 728,049 912,595	Restricted 2021 £ 68,653 - 408 69,061 31,456 31,456 - 37,606 (407,713) (370,108) 460,465 90,357	General Designated 2021 2021 £ £ 261,797 219,371 54 - 646 - 262,498 219,371 333,734 1,197 333,734 1,197 - - (71,236) 218,174 664,439 (256,725) 593,203 (38,551) 174,591 92,993 767,794 54,442 Unrestricted funds			Total 2022 £ 311,863 37,822 38,326 388,011 404,670 404,670 - (16,660) - (16,660) 912,593 895,935	Restricted 2022 £ 57,579 - 408 57,987 64,397 64,397 - (6,409) 376 (6,033) 90,357 84,324	General Designated 2022 2022 £ £ 245,860 8,424 37,822 - 1,955 35,962 285,637 44,386 286,260 54,014 286,260 54,014 - - (622) (9,628) (6,315) 5,939 (6,938) (3,689) 767,794 54,442 760,856 50,752 Unrestricted funds	Note 3 6 15 15