|||Page|Page| |---|---|---|---| |Report ofthe Trustees|1|to|3| |Report ofthe Independent
Auditors|4|to|7| |Consolidated
Statement ofFinancial Activities|||| |Consolidated
Balance Sheet|||| |Charity Balance Sheet||10|| |Consolidated
Cash Flow Statement|||| |Notes to the Consolidated
Cash Flow Statement||12|| |Notes to the Consolidated
Financial Statements|13|to|25| |Detailed Consolidated
Statemeut ofFinancial Activities|26|to|27| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||2023|2022| |---|---|---|---| |||Unrestricted|Total| |||fund|funds| ||Notes||| |INCOME AND ENDOWMENTS FROM|||| |Charitable
activities|||| |Charity Centre - Life Campus
Charity Centre - Media
Investment
income||62,996
2,762,148
4 998|59,676
2,423,887
102| |Total||2 830,142|2 483,665| |EXPENDITURE ON|||| |Share ofassociated company net loss||14,194|8,917| |Charitable
activities|||| |Support costs for grants dr activities
Donation
Charity Centre - Life Campus
Charity Centre - Media||10,380
151,811
268,005
2,367,275|110,000
267,691
1,973,105| |Total||2,811,665|2,359,713| |NET INCOME||18,477|123,952| |RECONCILIATION
OF FUNDS|||| |Total funds brought
forward||2,274,337|2,150,385| |TOTAL FUNDS CARRIED FORWARD||2292 814|2274337| ## ## |||2023|2022| |---|---|---|---| |||Unrestricted|Total| |||fund|funds| |FIXEDASSETS|Notes|8|| |Tangible assets
Investments|11
12|87,741
818,889|99,946
833,083| |||906,630|933,029| |CURRENT ASSETS|||| |Debtors
Cash at bank|13|887,113
1,311,584|674,709
1,555,911| |||2,198,697|2,230,620| |CREDITORS|||| |Amounts
falling due within one year|14|(487,167)|(412,260)| |NET CIJRRKNT ASSETS||1 711,530|1,818,360| |TOTAL ASSETSLESSCURRENT|||| |LIABILITIES||2,618,160|2,751,389| |CREDITORS|||| |Amounts
falling due after more than one year|15|(325,346)|(477,052)| |NET ASSETS||2,292,814|2274,337| |FUNDS|18||| |Unrestricted
funds||2,292,814|2,274,337| |TOTAL FUNDS||2,292 814|2,274,337| ## ## |CHARITY ONLY||2023
Unrestricted|2022
Total| |---|---|---|---| |||fund|funds| ||Notes||| |FIXEDASSETS|||| |Tangible assets
Investments|11
12|87,741
848,000|99,946
100| |||935,741|100,046| |CURRENT ASSETS|||| |Debtors
Cash at bank|13|886,878
1,306,490|1,516,939
1,555,911| |||2,193,368|3,072,850| |CREDITORS|||| |Amounts
falling due within one year|14|(486,582)|(412,020)| |NKT CURRENT ASSETS||1,706,786|2,660,830| |TOTAL ASSETSLESSCURRENT|||| |LIABILITIES||2,642,527|2,760,876| |CREDITORS|||| |Amounts
falling due after more than one year|15|(325,346)|(477,052)| |NET ASSETS||2,317181|2,283,824| |FUNDS|18||| |Unrestricted
funds||2,317181|2283,824| |TOTAL FUNDS||2317,181|2 283 824| ## |||FO|R THE YEAR EN|DED 30APRIL 2023|| |---|---|---|---|---|---| |||||2023|2022| ||||Notes||f,| |Cash flows from operating
activities|||||| |Cash generated
from operations
Interest paid||||(40,957)
~74676|380,720| |Net cash (nsed in)/provided|by operating||activities|~115,633)|380,720| |Cash flows from investing|activities||||| |Purchase oftangible fixed assets
Purchase offixed asset investments
Interest received||||(200)
4,998|(628)
(670,000)
102| |Net cash provided
by investing
activities||||4,798|~670 526)| |Cash flows from financing|activities||||| |Loan repayments
in year||||~133,492)|| |Net cash used in financing|activities|||~133,492)|| |Change in cash and cash equivalents||in|||| |the reportiug
period
Cash and cash equivalents|at the|||(244,327)|(289,806)| |beginning
ofthe reporting|period|||~1555911|I 845 717| |Cash and cash equivalents|at the end|of|||| |the reporting
period||||~1311584|I 555911| ## ## ## ## ||||||2023|2022| |---|---|---|---|---|---|---| |Net income|for the|reporting||period (as per the Statement ofFinancial||| |Activities)
Adjustments|for:||||18,477|123,952| |Share ofassociated company
Depreciation
charges
Interest received
Interest paid
(increase)/decrease
in debtors
Increase in creditors||||loss|14,194
12,405
(4,998)
74,676
(212,404)
56,693|8,917
14,164
(102)
172,437
61,352| |Net cash (used in)/provided||||by operations|~40,957)|380,720| |ANALYSIS|OF CHANGES|||IN NKT FUNDS||| |||||At 1.5.22
I|Cash flow|At 30.4.23| |Net cash||||||| |Cash at bank||||1,555,911|~244,327)|1,311584| |||||1,555,911|(244 327)|1,311,584| |Debt||||||| |Debts falling
Debts falling|due within
due after||1 year
1year|(122,948)
(477,052)|(18,214)
451,7lll|(141,162)
~325 346| |||||~6000003|l33 492|~46650ll| |Total||||955911|~110835)|845 076| ## ## ## ## ## ## ## ## ## ## ## ## ## |INVESTM|ENT INCOME||||||||| |---|---|---|---|---|---|---|---|---|---| |||||||||2023|2022| |Deposit account interest||||||||4,998|102| |INCOME|FROM CHARITABLE ACTIVITIES||||||||| |||||||||2023|2022| |||Activity|||||||| |Income as|landlord|Charity||Centre|- Life Campus|||25,000|25,000| |Recharges||Charity||Centre|- Life Campus|||37,996|34,676| |Income as|landlord|Charity||Centre|- Media|||120,500|120,833| |Managed
services income||Charity||Centre|- Media|||379,050|283,800| |Programme|income|Charity||Centre|- Media|||2,032,485|1,790,021| |Recharges||Charity||Centre|—Media|||230,113|229,233| |||||||||~2825 144|2,483,563| |CHARITABLE ACTIVITIES COSTS|||||||||| ||||||||Grant||| ||||||||funding of||| ||||||||activities|Support|| |||||||Direct|(see note|costs (see|| |||||||Costs|5)|note 6)|Totals| |Support costs for grants &activities||||||||10,380|10,380| |Donation|||||||151,811||151,811| |Charity
Centre - Life Campus
Charity
Centre - Media|||||175,108
2,341,657|||92,897
~25 618|268,005
~2367275| ||||||~2,516765||151811|128895|2,797,471| |GRANTS|PAYABLK||||||||| |||||||||2023|2022| ||||||||||8| |Donation||||||||~151811|110,000| |The total grants paid to institutions|||during the||year was as follows:||||| |||||||||2023|2022| ||||||||||8| |Living Seeds||||||||140,002|90,000| |Grace Enterprises|||||||||20,000| |Kingdom Forest School||||||||11,809|| |||||||||151,811|110,000| ## ## ## ## ## |||||Governance|| |---|---|---|---|---|---| ||||Management|costs|Totals| |Support
Charity
Charity|costs
Centre
Centre|for grants k activities
- Life Campus
- Media|18,221
3,404|10,380
74,676
22,214|10,380
92,897
25 618| ||||21,625|107,270|128,895| ## ||2023|2022| |---|---|---| |Auditors'
reinuneration
Accountancy
Depreciation
-owned assets|8,000
1,570
12,405|5,540
570
14,164| ## ## ## |STAFF COSTS|||||| |---|---|---|---|---|---| |||||2023|2022| |Wages and salaries
Other pension costs|||1,154,498
24,593||1,062,575
23,746| ||||I|179,091|~1086,321| |Thc average monthly|number ofemployees|during the year was as follows:|||| |||||2023|2022| |Administration||||2|1| |Charity Centre Operation
Studio||||4
25|6
24| |||||31|31| ## ## ## ||||||||Unrestricted| |---|---|---|---|---|---|---|---| ||||||||fund| |INCOME AND ENDOWMENTS FROM|||||||| |Charitable
activities|||||||| |Charity
Centre - Life Campus|||||||59,676| |Charity
Centre - Media|||||||2,423,887| |Investment
income|||||||102| |Total|||||||2,483,665| |EXPENDITURE ON|||||||| |Share ofassociated company||net|loss||||8,917| |Charitable
activities|||||||| |Donation|||||||110,000| |Charity
Centre - Life Campus|||||||267,691| |Charity Centre - Media|||||||1,973,105| |Total|||||||2,359,713| |NET INCOME|||||||123,952| |RECONCILIATION|OF FUNDS||||||| |Total funds brought
forward|||||||2,150,385| |TOTAL FUNDS CARRIED FORWARD|||||||2,274,337| |TANGIBLE FIXEDASSETS —GROUP AND||||CHARITY|||| |||Improvements|||Fixtures||| ||||to|Plant and|and|Computer|| ||||property
I|machinery|fittings|equipment|Totals
I| |COST|||||||| |At I May 2022|||96,440|2,140|74,318|20,410|193,308| |Additions||||200|||200| |At 30April 2023|||96440|2,340|74,318|20,410|193,508| |DEPRECIATION|||||||| |At I May 2022|||33,294|567|44,656|14,845|93,362| |Charge for year|||5,676|443|4,449|1,837|12,405| |At 30 April 2023|||38,970|1,010|49,105|16,682|105,767| |NET BOOKVALUE|||||||| |At 30April 2023|||57,470|1,330|25,213|3,728|87,741| |At 30 April 2022|||63,146|~1573|29,662|5,565|99,946| ## ## ||FOR THE YEAR ENDED 30A|PRIL 2023|| |---|---|---|---| |12.|FIXEDASSETINVESTMKNTS||| |||2023|2022| ||GROUP||| ||Shares|818,889|833,083| ||Loans||| |||818,889|833,083| ||||Unlisted| ||||investments| ||MARKET VALUE||| ||At 1 May 2022
Share ofassociated company net loss in year||833,083
(14,194)| ||At 30April 2023||8~18 889| ||NET BOOK VALUE||| ||At 30April 2023||818,889| ||At 30 April 2022||833,083| ## ## ||FORTHE YEAR ENDED 30APR|FORTHE YEAR ENDED 30APR|IL 2023|| |---|---|---|---|---| |12.|FIXEDASSETINVESTMENTS|||| ||||2023|2022| ||CHARITY|||| ||Shares||175|100| ||Loans||847,825|| ||||848,000|100| |||||Unlisted| |||||investments| ||MARKET VALUE|||g| ||At 1 May 2022|||100| ||Reclassification/transfer|||75| ||At 30April 2023|||175| ||NET BOOKVALUE|||| ||At 30April 2023|||175| ||At 30April 2022|||100| |||||Loans to| |||||gl'oup| |||||undertakings| ||New in year
Other movements|||5,325
842 500| ||At 30April 2023|||847,825| ||There were no investment|assets outside the UK.||| ## ## ## ## |DEBTORS:AMOUNTS FALLING DUE WITHIN ONE Y|EAR|| |---|---|---| ||2023|2022| |GROUP||| |Tenant dt trade debtors
Other debtors|472,189
38,797|239,474
25,851| |Prepayments|376,127|409,384| ||887,113|674,709| ||2023|2022| |CHARITY|f|| |Tenant &trade debiors
Amounts
owed by group undertakings
Other debtors|472,189
38,562|239,474
842,500
25,581| |Prepayments|376,127|409,384| ||886,878|1,516,939| ## ## |CREDITORS: AMOUN|TS FALLING DUK WITHIN ONE YEAR||| |---|---|---|---| |||2023|2022| |GROUP||f|f| |Bank loans and ovcrdrags
Trade creditors
Social security and other
VAT
Other creditors|(see note 16)
taxes|141,162
93,923
19,076
53,114
22|122,948
101,536
20,356
75,923| |Deferred income
Accrued expenses||139,604
40,266|62,617
28,880| |||487,167|412,260| |CREDITORS: AMOUNTS FALLING DUK WITHIN ONE YEAR|||| |||2023|2022| |CHARITY||f|| |Bank loans and overdraits
(see note 16)
Trade creditors
Amounts
owed to group undertakings||141,162
93,923
75|122,948
101,536| |Social security
and other taxes
VAT
Other creditors||19,076
53,114
22|20,356
75,923| |Deferred income
Accrued expenses||139,604
39,606|62,617
28,640| |||486,582|412,020| ## ## ||FORTHE YEAR ENDE|FORTHE YEAR ENDE|FORTHE YEAR ENDE|FORTHE YEAR ENDE|D 30A|PRIL 2023||| |---|---|---|---|---|---|---|---|---| |15.|CREDITORS: AMOUNTS FALLING DUE AFTER||||MORE|THAN ONE|YEAR|| ||||||||2023|2022| ||||||||f.|| ||Bank loans (see note 16)||||||325,346|477,052| |16.|LOANS|||||||| ||An analysis ofthe maturity ofloans is given below:|||||||| ||||||||2023|2022| ||Amounts
falling due within one||year on demand:|||||| ||Bank loans||||||141 162|122,948| ||Amounts
falling between|one and two years:||||||| ||Bank loans - 1-2years||||||159,923|151,706| ||Amounts
falling due between two and five years:|||||||| ||Bank loans - 2-5 years||||||165,423|325,346| |17.|LEASING AGREEMKNTS|||||||| ||Minimum
lease payments|under|non-cancellable|operating|leases|fall due as follows:||| ||||||||2023|2022| ||Within one year||||||42,980|80,480| ||Between one and five years||||||121,920|134,420| ||Greater than five years||||||167,640|198,120| ||||||||332,540|413,020| |18.|MOVEMENT IN FUNDS|||||||| ||||||||Net|| ||||||||movement|At| ||GROUP|||||At 1.5.22|in funds|30.4.23| ||Unrestricted
funds|||||||| ||General fund|||||2,274,337|18,477|2,292,814| ||TOTAL FUNDS|||||2274,337|18,477|2,292,814| ||Net movement
in funds, included||in the above are|as follows:||||| |||||||Incoming|Resources|Movement| |||||||resources|expended|in funds| |||||||6||| ||Unrestricted
funds|||||||| ||General
fund|||||2,830,142|(2,811,665)|18,477| ||TOTALFUNDS|||||2.838,142|~72811666|18477| ## ## ## ## ## ||||||||Net|| |---|---|---|---|---|---|---|---|---| |CHARITY|||||||movement|At| |||||||At 1.5.22|in funds|30.4.23| |Unrestricted||funds||||||| |General fund||||||2,283,824|33,357|2,317,181| |TOTAL FUNDS||||||2,283,824|33,357|2,317,18I| |Net movement||in funds, included|||in the above|are as follows:||| |||||||Incoming|Resources|Movement| |||||||resources|expended|in funds| ||||||||6|| |Unrestricted||funds||||||| |General fund||||||2,830,142|(2,796,785)|33,357| |TOTAL FUNDS||||||2,830,142|~2,796,785)|33,357| |Comparatives||for tnovement||in|funds|||| ||||||||Net|| ||||||||movement|At| |GROUP||||||At 1.5.21|in funds|30.4.22| |Unrestricted||funds||||||| |General fund||||||2,150,385|123,952|2,274,337| |TOTAL FUNDS||||||2 150385|123,952|2274 337| |Comparative|net movement||in|funds, included||in the above are as follows.
'||| |||||||Incoming|Resources|Movement| |||||||resources|expended|in funds| |Unrestricted|funds|||||||| |General fund||||||2,483,665|(2,359,713)|123,952| |TOTAL FUNDS||||||||| ## ## ||||Net|| |---|---|---|---|---| ||||movement|At| |CHARITY||At 1.5.21|in funds|30.4.22| ||||f.|8| |Unrestricted|funds|||| |General fund||2,150,385|133,439|2,283,824| |TOTALFUNDS||2,150,385|133,439|2,283,824| |||Incoming|Resources|Movement| |---|---|---|---|---| |||resources|expended|in funds| |IJnrestrictcd|funds||g|f,| |General fund||2,483,665|(2,350,226)|133,439| |TOTAL FUNDS||||| |||||Net|| |---|---|---|---|---|---| |||||movement|At| |GROUP|||At 1.5.21|in funds|30.4.23| |IJnrestrieted||funds|||| |General|fund||2,150,385|142,429|2,292,814| |TOTAL|FUNDS||2,150,385|142429|2,292 814| |||Incoming|Resources|Movement| |---|---|---|---|---| |||resources|expended
f|in funds| |Unrestricted|funds|||| |General fund||5,313,807|(5,171,378)|142,429| |TOTALFUNDS||5,313,807|(5,171378)|142429| ## ||||Net|| |---|---|---|---|---| ||||movement|At| |CHARITY||At 1.5.21|in funds|30.4.23| |Unrestricted|funds|||| |General fund||2,150,385|166,796|2,317,181| |TOTAL FUIIjDS||2,150385|~166796|2,317,181| |||Incoming|Resources|Movement| |---|---|---|---|---| |||resources|expended|in funds| ||||6|| |Unrestricted|funds|||| |General fund||5,313,807|(5,147,011)|166,796| |TOTAL FUNDS||5 313807|~5347011|166796| ## ## ## ## ## ||FOR THE YEAR END|ED 30APRIL 2023|| |---|---|---|---| |||2023|2022| |||f,|| |INCOME AND ENDOWMENTS|||| |Investment
income|||| |Deposit account interest||4,998|102| |Charitable
activities|||| |Income as landlord
Managed
services income
Programme
income
Recharges||145,500
379,050
2,032,485
268,109|145,833
283,800
1,790,021
263,909| |||2,825,144|2,483,563| |Total incoming
resources||2,830,142|2,483,665| |EXPENDITURE|||| |Charitable
activities|||| |Wages
Pensions
Rates
Rent &service charge-
Advertising
Repairs &renewals
IT&.telephone
costs
Light and heat
Production
costs
Consultancy
Life Campus
project costs
Donations||1,154,498
24,593
33,396
94,209
7,883
75,175
22,897
167,968
795,512
60,000
80,634
~151811|1,062,575
23,746
41,756
93,285
3,954
49,269
21,393
104,118
579,239
60,000
155,530
110000| |||2,668,576|2,304,865| |Support costs|||| |Management|||| |Administration
Legal fees
Improvements
to property
Plant and machinery
Fixtures and fittings
Computer
equipment||8,132
1,088
5,676
443
4,449
~1837|6,519
4,046
5,675
525
5,234
2,730| |||21,625|24,729| |Governance
costs|||| |Accountants/Auditors
Administration
Bank charges
Bank loan interest|remuneration|9,570
22,630
394
74676|6,110
14,916
176| |||107,270|21,202| ## ## |FOR TIIK YEAR ENDED|30APRIL 2023|| |---|---|---| ||2023|2022| |Share ofassociated company net loss|2,797,471
14,194|2,350,796
8,917| |Total resources expended|2,811,665|2,359713| |Net income|18,477|123,952|