2022-03-31-accounts

COMPANY REGISTRATION NUMBER : 4668268

SKYLARK INTERNATIONAL COMMUNITY COMPANY LIMITED BY GUARANTEE UNAUDITED FINANCIAL STATEMENTS FOR YEAR ENDED 31st MARCH 2022

Charity Number : 1097111

Edmund Carr LLP

Chartered Accountants 146 New London Road Chelmsford Essex CM2 0AW

SKYLARK INTERNATIONAL COMMUNITY COMPANY LIMITED BY GUARANTEE

FINANCIAL STATEMENTS

YEAR ENDED 31st MARCH 2022

CONTENTS	PAGE
Company information	1
Report of the Directors	2
Independent Examiner's report to the Directors	6
Statement of financial activities	7
Balance sheet	8
Notes to the financial statements	9

SKYLARK INTERNATIONAL COMMUNITY COMPANY LIMITED BY GUARANTEE

COMPANY INFORMATION

YEAR ENDED 31st MARCH 2022

Charity Number	1097111
Company Number	4668268
Directors	Nigel Langford	(resigned 09/12/21)
	Nicola Sims
	Tracy Wild
	Trevor Harrington
	Peter Sims
	Denise Bentley	(appointed 01/04/2022)
Registered Office	4 Hanbury Road
	Chelmsford
	Essex
	CM1 3AE
Governing Document	Memorandum and Articles of Association
Date of Incorporation	17th February 2003
Bankers	Lloyds TSB
	77-81 High Street
	Chelmsford
	Essex
	CM1 1UD
Independent Examiner	Colin Andrew Barker	FCA
	Edmund Carr LLP
	146 New London Road
	Chelmsford
	Essex
	CM2 0AW

1

SKYLARK INTERNATIONAL COMMUNITY COMPANY LIMITED BY GUARANTEE

REPORT OF THE DIRECTORS

YEAR ENDED 31st MARCH 2022

The directors present their report and accounts for the year ended 31st March 2022.

The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland.

OBJECTIVES AND ACTIVITIES

OBJECTS

• a) to advance the Christian faith in accordance with the statement of belief appearing in the schedule hereto in such parts of the United Kingdom and the World as the trustees may from time to time think fit and such other purposes which are exclusively charitable according to the law of England and Wales and are connected with the charitable work of the charity.

• b) to further Christian education in such parts of the United Kingdom and the World as the trustees may from time to time think fit.

• c) to relieve persons who are in conditions of need or hardship or who are aged or sick or to relieve distress caused thereby in such parts of the United Kingdom and the World as the trustees may from time to time think fit.

Skylark International Community (formerly Christian Growth International) is governed by a Memorandum and Articles of Association since incorporating on 17th February 2003 and was administered by a Board of Directors over the year, as listed on page 1.

AIMS

To empower, equip and support the Skylark International churches and ministries, as well as the wider cities and communities they serve, making them a healthier place to live spiritually, mentally, emotionally and physically.

To plant churches and develop new ministries, events and projects in line with our charitable objectives.

To provide assistance, training, tools and resources to churches, individuals, organisations and ministries.

To support and invest into leaders so that they might positively shape and enrich their sphere of influence both locally and globally.

PUBLIC BENEFIT

The charity acknowledges its requirement to demonstrate clearly that it must have charitable purposes or 'aims' that are for the public benefit. The directors confirm that they have paid due regard to the Charity Commission guidance on public benefit before deciding what activities the charity should undertake.

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SKYLARK INTERNATIONAL COMMUNITY COMPANY LIMITED BY GUARANTEE REPORT OF THE DIRECTORS (continued)

YEAR ENDED 31st MARCH 2022

CORE ACTIVITIES

CONFERENCES & EVENTS

Skylark International holds an annual women’s conference, Be, which is attended by approximately 400 women from across the country (see page 3 for more details). We also hold a conference called “More” every other year, which is designed to equip and empower individuals across our churches, ministries and volunteer teams to receive input and training, as well as access to inspirational teaching and valuable resources. This year both conferences were moved to an online format due to COVID restrictions. This proved a very positive experience for all involved and enabled a wider sphere of uptake.

LEADERSHIP TRAINING & SUPPORT

Across the calendar year, Skylark International hosts several day events designed to equip, resource and support those in senior leadership and their core teams. We also hold a 48-hour leadership retreat exclusively for Senior Leaders every year. This is a strategic time away for church, charity and ministry leaders to receive training, encouragement and peer mentorship.

HUDDLES

Skylark International continues to run its leadership development forum called “Huddles”. These bi-monthly ‘Zoom’ gatherings include a short 10 minute TED-style talk followed by deliberate discussion and andragogy around specific themes. They have been invaluable for forging relationships and developing peer-learning within the network.

CHURCH PLANTING/ CHARITIES

Skylark International provides support, resources, assistance and covering for new church plants and charities - as well as providing a relational network and covering for existing churches and charities.

PRAYER CONNECT

Skylark International encourages an active network of prayer which helps bring cohesion to the network.

SKYLARK AMBASSADORS

Skylark Ambassadors are leaders who represent and embody our vision and values across a variety of different contexts, denominations and spheres of influence. Through mutual relationship, we encourage, support and resource our ambassadors in their leadership context, while being equally enriched and strengthened by the unique skills and experience they bring into the network.

MENTORSHIP AND LEADERSHIP DEVELOPMENT

Skylark International provides ongoing leadership development and mentorship for those heading up churches and ministries.

RELATIONSHIP AND RESOURCING

Skylark International provides relationship and resources to church leaders, ministry & charity leaders as well as leaders in the marketplace, to better equip them in their roles and responsibilities.

BE

BE is a ministry to and for women and has had a main conference and other events attended by women in local churches, and beyond, together with women from all backgrounds with the vision of empowering women to be all that God intended them to be. Be Albania has now been running for 4 years - bringing leadership training and encouragement to Albanian women.

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SKYLARK INTERNATIONAL COMMUNITY COMPANY LIMITED BY GUARANTEE

REPORT OF THE DIRECTORS (continued) YEAR ENDED 31st MARCH 2022

MISSION

Skylark International supports various charities and missional organisations working into the UK and abroad.

FAMILY CONNECT

Skylark International continues to run a successful “Parenting For Faith” course across our network to help assist families with parenting strategies and support.

RELATED PARTIES AND MINISTRIES

Churches, ministries and charities covered by Skylark International Community:

Churches Charities City Hill Church, Basildon Big Love - working into Romania Revival Church, Billericay Bless , Caen, France Skylark Church, Chelmsford Cherish, Uganda The Hive, Maldon (formerly known as CGC Maldon) Chess Homeless Life Church, Orkney Restored Love Stoke Church, Stoke-on-Trent I Got Shoes, Uganda Freedom Church, Great Barton Hopeworx Ramsden Heath CGC Kyria Network Catalyst Church, Nottingham Freedom 2 Connect Church, Paisley The Cross Keys, Wales Hub Church, London Waypoint Church - Berwick-Upon-Tweed Ambassadors The Father’s Home, Wolverhampton Village Church, Aberdeenshire Trevor & Susie Harrington Zeo Church, Hitchin John & Rachel Clancy Springwater Church, Henley-on-Thames Steve & Sheree StJames Cowdenheath Church plant, Dunfermline Raj & Andy Hare Port Glasgow Missional Community Jonathan & Jane Elman, Australia Dave & Lizzi Baskeyfield Advocates Alison & Graham Tulloch Martin & Alison Macklin Jeannie Saggs Kathleen Pickering Jennifer Izekor Steve Legg Nigel & Nicky Langford Josiah & Vicki Parr, New Zealand

Advocates Jeannie Saggs Jennifer Izekor Nigel & Nicky Langford

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SKYLARK INTERNATIONAL COMMUNITY COMPANY LIMITED BY GUARANTEE

REPORT OF THE DIRECTORS (continued)

YEAR ENDED 31st MARCH 2022

FINANCIAL REVIEW

Reserves Policy

The directors have considered the level of reserves they wish to retain, appropriate to the charity's needs. This is based on the charity's size and the level of financial commitments held. The directors aim to ensure the charity will be able to continue to fulfil its charitable objectives even if there is a temporary shortfall in income or unexpected expenditure. Free unrestricted reserves at the year-end amounted to £42,280 (note 13), which is considered adequate. The directors will endeavour not to set aside funds unnecessarily.

FUTURE PLANS

Over the course of this coming year, Skylark International will continue to equip and support the ministries, churches, charities and individuals across our network to positively transform and impact their communities and cities.

Skylark International will also continue its focus on leadership development. We will resource, connect and support leaders and individuals through training days, events, conferences , huddles and a bi-annual retreat. Skylark International will also continue to develop new ideas and initiatives for training and resourcing leaders.

Skylark International will continue to plant churches, develop fresh ministries and events and resource and provide assistance for churches, ministries and individuals both locally and globally. We will continue to provide a place of covering, connection and resourcing for charities - both locally and internationally. Specifically, we are in conversation with 2 ambassadors, 2 businesses and 4 charities who are looking to become part of the Skylark International Community.

RISK ASSESSMENT

The directors actively review the major risks which the charity faces on a regular basis and believe that maintaining the free reserves stated, combined with the annual review of the controls over key financial systems carried out on an annual basis will provide sufficient resources in the event of adverse conditions. The directors have also examined other operational and business risks which they face and confirm that they have established systems to mitigate the significant risks.

Small Company Provisions

This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.

Approved by the Directors on 22 December 2022 and signed on their behalf by:

P Sims

..............................

Pete Sims

Director

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SKYLARK INTERNATIONAL COMMUNITY COMPANY LIMITED BY GUARANTEE

INDEPENDENT EXAMINER'S REPORT TO THE DIRECTORS

YEAR ENDED 31st MARCH 2022

I report on the accounts of the company for the year ended 31st March 2022 which are set out on pages 7 to 16.

Respective responsibilities of trustees and examiner

As the charity 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 company’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

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 that in any material respect:

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.

C A Barker

Colin Andrew Barker FCA

Edmund Carr LLP 146 New London Road Chelmsford CM2 0AW

22 December 2022

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SKYLARK INTERNATIONAL COMMUNITY COMPANY LIMITED BY GUARANTEE

STATEMENT OF FINANCIAL ACTIVITIES (INCLUDING INCOME AND EXPENDITURE ACCOUNT)

YEAR ENDED 31st MARCH 2022

Unrestricted Funds Note £ INCOME FROM: Donations 2 94,329 Charitable activities 3 12,308 TOTAL INCOME 106,637 EXPENDITURE ON: Charitable activities 4 127,234 TOTAL EXPENDITURE 127,234 NET INCOME/(EXPENDITURE) (20,597) Transfers between funds - NET MOVEMENT IN FUNDS (20,597) Reconciliation of funds: Balances brought forward 73,896 Balances carried forward 53,299	Restricted Funds £ 1,200 - 1,200 1,200 1,200 - - - 300 300	Total Funds 2022 £ 95,529 12,308 107,837 128,434 128,434 (20,597) - (20,597) 74,196 53,599	Total Funds 2021 (restated) £ 99,381 -
			99,381
			112,597
			112,597
			(13,216) -
			(13,216) 87,412
			74,196

The charity has no recognised gains or losses other than the results for the period as set out above.

The notes on pages 9 to 16 form part of these financial statements.

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SKYLARK INTERNATIONAL COMMUNITY COMPANY LIMITED BY GUARANTEE

BALANCE SHEET

AS AT 31st MARCH 2022

Note FIXED ASSETS Tangible assets 8 CURRENT ASSETS Debtors 9 Cash at bank and in hand Total current assets Creditors: amount falling due within one year 10 NET CURRENT ASSETS Total assets less current liabilities NET ASSETS FUNDS Unrestricted funds Designated funds 11 Restricted funds 12 TOTAL FUNDS	Total Total 2022 2021 (restated) £ £ 917 1,229 2,186 1,897 70,773 101,622
	72,959 103,519
	20,277 30,552 52,682 72,967
	53,599 74,196
	53,599 74,196
	43,197 63,381 10,102 10,515 300 300
	53,599 74,196

These financial statements have been prepared in accordance with the special provisions for small companies under Part 15 of the Companies Act 2006.

The directors are satisfied that the company was entitled to exemption from the provisions of the Companies Act 2006 (the Act) relating to the audit of the financial statements for the year by virtue of section 477, and that no members have requested an audit pursuant to section 476 of the Act.

The directors acknowledge their responsibilities for:

i) ensuring that the company keeps accounting records which comply with Section 386 of the Act, and ii) preparing accounts which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit or loss for the financial year in accordance with the requirements of Section 393, and which otherwise comply with the requirements of the Act relating to financial statements so far as applicable by the company.

These financial statements were approved by the Directors on 22 December 2022 and are signed on their behalf by:

P Sims

…......................

P SIMS Director

Company Registration Number: 04668268

The notes on pages 9 to 16 form part of these financial statements.

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SKYLARK INTERNATIONAL COMMUNITY COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31st MARCH 2022

1. ACCOUNTING POLICIES

Basis of Preparation

The financial statements have been prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (Charities SORP FRS102), the Charities Act 2011 and the Companies Act 2006.

Skylark International Community is a company limited by guarantee and meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Income

Recognition of Income

These are included in the Statement of Financial Activities (SOFA) when:

• the charity becomes entitled to the resources;

• the Directors are virtually certain they will receive the resources; and

• the monetary value can be measured with sufficient reliability

Income with related expenditure

When incoming resources have related expenditure (as with fundraising or contract income) the income and related expenditure are reported gross in the SOFA.

Grants and Donations

Grants and Donations are only included in the SOFA when the charity has unconditional entitlement to the resources.

Tax reclaims on Donations and Gifts

Income from tax reclaims are included in the SOFA at the same time as the gift to which they relate.

Contractual Income and Performance Related Grants

This is only included in the SOFA once the related goods or services has been delivered.

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SKYLARK INTERNATIONAL COMMUNITY COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31st MARCH 2022

1. ACCOUNTING POLICIES (continued)

Gifts in Kind

Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind for use by the charity are included in the SOFA as income when receivable.

Donated Services and Facilities

These are only included in income (with an equivalent amount in expenditure) where the benefit to the charity is reasonably quantifiable, measurable and material. The value placed on this income is the estimated value to the charity of the service or facility received.

Volunteer Help

The value of any voluntary help received is not included in the accounts but is described in the Report of the Directors.

Investment Income

This is included in the accounts when receivable.

Investment gains and losses

This included any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.

Expenditure

Governance Costs

Include costs of the preparation and examination of statutory accounts, the costs of the Directors' meetings and cost of any legal advice to Directors on governance or constitutional matters.

Grants with performance conditions

Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SOFA once the recipient of the grant has provided the specific service or output.

Grants payable without performance conditions

Grants are only recognised in the accounts when a commitment has been made and there are no conditions to be met relating to a grant which remain in the control of the charity.

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SKYLARK INTERNATIONAL COMMUNITY COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31st MARCH 2022

1. ACCOUNTING POLICIES (continued)

Support Costs

Support costs include central functions and have been allocated to activity costs categories on a basis consistent with the use of the resources, eg allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

Fixed assets

Tangible fixed assets for use by the charity. These are capitalised if they can be used for more than one year and are valued at cost or, if gifted, at the value to the charity on receipt.

Depreciation is calculated at a rate to write off the cost of tangible fixed assets on a reducing balance over their estimated useful lives. The rates applied per annum are as follows:

Equipment	25%
Vehicles	25%

Debtors

Trade and other debtors are recognised at the settlement amount due.

Creditors

Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern nor any significant areas of uncertainty that affect the carrying value of assets held by the charity.

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SKYLARK INTERNATIONAL COMMUNITY COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31st MARCH 2022

2. DONATIONS

DONATIONS
General Kevin & Linsey Potter Total 2021	Unrestricted Funds £ 94,329 - 94,329 98,181	Restricted Funds £ - 1,200 1,200 1,200	Total Funds 2022 £ 94,329 1,200 95,529 99,381	Total Funds 2021 £ 98,181 1,200
				99,381

3. INCOME FROM CHARITABLE ACTIVITIES

BE Leaders Advance Conference Other income	Unrestricted Funds £ 8,185 3,775 348 12,308	Restricted Funds £ - - - -	Total Funds 2022 £ 8,185 3,775 348 12,308	Total Funds 2021 £ - - -
				-

Total 2021

- - -

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SKYLARK INTERNATIONAL COMMUNITY COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31st MARCH 2022

4. EXPENDITURE ON CHARITABLE ACTIVITIES

Staff costs Mission & Outreach costs Hire of facilities Motor & travel costs Pastoral costs Food & drink purchases Payment to speakers Website costs Equipment General expenses Outside support services Printing, postage and stationery Insurance Subscriptions & licences Depreciation Governance costs (note 5) Total 2021	Unrestricted Funds £ 74,113 19,000 4,488 8,435 2,229 6,584 1,177 661 2,715 580 901 558 1,217 726 1,312 2,538 127,234 111,397	Restricted Funds £ - 1,200 - - - - - - - - - - - - - - 1,200 1,200	Total Funds 2022 £ 74,113 20,200 4,488 8,435 2,229 6,584 1,177 661 2,715 580 901 558 1,217 726 1,312 2,538 128,434 112,597	Total Funds 2021 (restated) £ 72,610 26,200 - 733 2,608 173 2,300 853 443 429 229 374 1,110 786 1,229 2,520
				112,597

5. GOVERNANCE COSTS

Accounts preparation Independent Examination fee Amount payable to independent examiner Total 2021	Unrestricted Funds £ 1,000 1,538 2,538 2,520	Restricted Funds £ - - - -	Total Funds 2022 £ 1,000 1,538 2,538 2,520	Total Funds 2021 £ 1,000 1,520
				2,520

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SKYLARK INTERNATIONAL COMMUNITY COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31st MARCH 2022

6. ANALYSIS OF STAFF COSTS

Wages, salaries and pastor fees Defined contribution pension scheme costs	2022 £ 69,772 4,341 74,113	2021 (restated) £ 69,310 3,300
		72,610

Five employees (average headcount) were engaged in activities in furtherance of the organisation's objectives (2021: five). No employees received emoluments of more than £60,000 during the year (2021: Nil).

Two directors have been paid remuneration or have received other benefits from employment with or services supplied to the charity. The remuneration in respect of services they provide under their contracts of employment, and not in respect of their role as trustees. The value of directors' remuneration is as follows:

P Sims (Managing of Skylark International network)

Remuneration £14,250 (2021: £14,250) Employer's pension contributions £1,425 (2021: £1,425) N Sims (Managing of Skylark International network) Remuneration £16,250 (2021: £14,250) Employer's pension contributions £1,425 (2021: £1,425)

Total costs relating to key management personnel were £35,229 (2021: £32,154).

7. NET OUTGOING RESOURCES FOR THE YEAR

This is stated after charging: Depreciation 8. TANGIBLE FIXED ASSETS COST At 1st April 2021 Additions At 31st March 2022 DEPRECIATION At 1st April 2021 Charge for the year At 31st March 2022 NET BOOK VALUE At 31st March 2022 At 31st March 2021	Office Equipment £ 6,436 1,000 7,436 5,207 1,312 6,519 917 1,229	2022 £ 1,312 Fixtures & fittings £ 2,973 - 2,973 2,973 - 2,973 - -	2021 £ 1,229
			Total £ 9,409 1,000
			10,409
			8,180 1,312
			9,492
			917
			1,229

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SKYLARK INTERNATIONAL COMMUNITY COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31st MARCH 2022

9. DEBTORS

Prepayments Other debtors	Total Funds 2022 £ 5 2,181 2,186	Total Funds 2021 £ 109 1,788
		1,897

10. CREDITORS: Amount falling due within one year

PAYE and social security Pension creditor Other creditors Accruals	Total Funds 2022 £ 615 17,033 61 2,568 20,277	Total Funds 2021 (restated) £ - 20,640 7,392 2,520
		30,552

11. DESIGNATED FUNDS

DESIGNATED FUNDS
Current year: Empowerment fund BE conference appeal fund New Zealand fund Prior year: Empowerment fund BE conference appeal fund New Zealand fund	Balance at 01/04/2021 £ 3,390 2,125 5,000 10,515 Balance at 31/03/2020 £ 3,390 - 5,000 8,390	Incoming £ - 3,365 - 3,365 Incoming £ - 2,125 - 2,125	Outgoing £ - (4,000) - (4,000) Outgoing £ - - - -	Transfers £ - 222 - 222 Transfers £ - - - -	Balance at 31/03/2022 £ 3,390 1,712 5,000
					10,102
					Balance at 31/03/2021 £ 3,390 2,125 5,000
					10,515

The Empowerment Fund was created from a transfer from unrestricted funds and is to be used for Empowerment Fund awards.

The BE conference appeal fund represents funds given by participants at the BE 2021 conference for the work of Cherish Uganda.

The New Zealand Fund is set aside for the church-planting work of Josiah & Vicki Parr in New Zealand.

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SKYLARK INTERNATIONAL COMMUNITY COMPANY LIMITED BY GUARANTEE

NOTES TO THE FINANCIAL STATEMENTS

YEAR ENDED 31st MARCH 2022

12. RESTRICTED FUNDS

Current year: a) Kevin & Linsey Potter Prior year: a) Kevin & Linsey Potter	Balance at 01/04/2021 £ 300 300 Balance at 01/04/2020 £ 300 300	Incoming £ 1,200 1,200 Incoming £ 1,200 1,200	Outgoing £ (1,200) (1,200) Outgoing £ (1,200) (1,200)	Transfers £ - - Transfers £ - -	Balance at 31/03/2022 £ 300
					300
					Balance at 31/03/2021 £ 300
					300

a) Kevin and Linsey Potter are working as the Senior Ministers at the Springwater Peppard Congregational Church.

13. ANALYSIS OF NET ASSETS (between restricted and unrestricted funds)

Current year: Designated Other unrestricted Total unrestricted Restricted Prior year: Designated Other unrestricted Total unrestricted Restricted	Tangible fixed assets £ - 917 917 - 917 Tangible fixed assets £ - 1,229 1,229 - 1,229	Other net assets £ 10,102 42,280 52,382 300 52,682 Other net assets £ 10,515 62,152 72,667 300 72,967	Total £ 10,102 43,197
			53,299 300
			53,599
			Total £ 10,515 63,381
			73,896 300
			74,196

14. RELATED PARTY TRANSACTIONS

Two directors were reimbursed £402 for reasonable travel and other expenses during the year (2021: £28). Salaries payments paid to directors are detailed in Note 6.

15. RESTATEMENT OF COMPARATIVES

The figures in the prior period have been restated to include an additional pension creditor that was present at 31 March 2021 but had not been included in the 2021 accounts. As a result of this restatement, the prior year creditors have increased by £7,629 and carried forward unrestricted funds are reduced by £7,629.

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