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||||Page|
|---|---|---|---|
|Reference and administrative
details ofthe Company,|its Trustees|and advisers||
|Trustees'
report|||2-5|
|Trustees'
responsibilities
statement||||
|Independent
auditors'
report on the financial statements|||7-10|
|Consolidated
statement offinancial activities||||
|Consolidated
balance sheet|||12-13|
|Company
balance sheet|||14-15|
|Consolidated
statement ofcash flows|||16|
|Notes to the financial statements|||17-35|
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||||Unrestricted|Total|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
|||Note|2023f|2023f|2022f|
|Income from:||||||
|Donations
and legacies|||1,287,364|1,287,364|1,337,659|
|Chantable
activities|||67,418|67,418|46,727|
|Other trading
activities|||290,622|290,622|270,451|
|Investments|||2,118|2,118|47|
|Total income|||1,647,522|1,647,522|1,654,884|
|Expenditure
on:||||||
|Raising funds|||339,003|339,003|296,674|
|Charitable
activities||7|1,160,510|1,160,510|848,900|
|Total expenditure|||1,499,513|1,499,513|1,147,574|
|Net movement
in funds|||148,009|148,009|507,310|
|Reconciliation
offunds:||||||
|Total funds brought|forward||5,333,158|5,333,158|4,825,848|
|Net movement
in funds|||148,009|148,009|507,310|
|Total funds carried|forward||5,481,167|5,481,167|5,333,158|
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|||FOR|TH|E YEAR ENDED 31 MARCH 202|3||
|---|---|---|---|---|---|---|
||||||2023|2022|
|||||||8|
|Cash flows from operating||activities|||||
|Net cash|used
in operating|activities|||266,724|586,922|
|Cash flows from investing||activities|||||
|Purchase|oftangible
fixed assets||||(44,887)|(168,698)|
|Advancing|loans|||||(40,000)|
|Net cash|used in investing|activities|||(44,887)|(208,698)|
|Cash flows from financing||activities|||||
|Repayments
of borrowing|||||(72,944)|(85,610)|
|Net cash|used
in financing|activities|||(72,944)|(85,610)|
|Change
in cash and cash||equivalents|in|the year|148,893|292,614|
|Cash and|cash equivalents|at the beginning||ofthe year|348,929|56,315|
|Cash and|cash equivalents|at the end|of|the year|497,822|348,929|
|The notes|on pages 17to 35 form part ofthese financial statements||||||
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|Unrestricted|Total|
|---|---|
|funds|funds|
|2023|2023f|
|1,287,364|1,287,364|
|Unrestricted|Total|
|funds|funds|
|2022|2022|
|6||
|1,335,TT9|1,335,T79|
|1,880|1,880|
|1,337,659|1,337,659|
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|Unrestricted|Total|
|---|---|
|funds|funds|
|2023|2023|
|K||
|67,418|67,418|
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|Unrestricted|Total|
|---|---|
|funds|funds|
|2022|2022|
|46,727|46,727|
|||||||||
|---|---|---|---|---|---|---|---|
||Income from|charitable||activities - Church events||46,727|46,727|
|5.|Income from||other trading activities|||||
||Income from||non charitable||trading activities|||
|||||||Unrestricted|Total|
|||||||funds|funds|
|||||||2023|2023|
|||||||8|2|
||Chanty
trading||income|—venue|rental|210,654|210,654|
||Sales ofgoods||at events|||79,968|79,968|
|||||||290,622|290,622|
|||||||Unrestricted|Total|
|||||||funds|funds|
|||||||2022|2022|
||||||||8|
||Charity trading||income|- venue|rental|199,855|199,855|
||Sales ofgoods||at events|||53,058|53,058|
||Coronavirus|government||grants||17,538|17,538|
|||||||270,451|270,451|
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|||Unrestricted|Total|
|---|---|---|---|
|||funds|funds|
|||2023f|2023|
|Investment|income|1,937|1,937|
|interest receivable||181|181|
|||2,118|2,118|
|||Unrestricted|Total|
|||funds|funds|
|||2022|2022|
|Investment|income|48||
|Interest receivable||1||
|||47||
##
##
|||Llnrestricted||
|---|---|---|---|
|||funds|Total|
|||2023|2023|
|||E||
|Chantable|activities|1,160,510|1,160,510|
|||Unrestricted||
|||funds|Total|
|||2022
8|2022f|
|Charitable|activities|848,900|848,900|
##
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||||Activities|||
|---|---|---|---|---|---|
||||undertaken|Support|Total|
||||directly|costs|funds|
||||2023|2023|2023|
||||6|||
|Charitable||activities|331,460|829,050|1,160,510|
||||Activities|||
||||undertaken|Support|Total|
||||directly|costs|funds|
||||2022|2022|2022|
|||||6||
|Charitable||activities|220,799|628,101|848,900|
|Analysis||of direct costs||||
|||||Church|Total|
|||||operations|funds|
|||||2023|2023|
|||||K|6|
|Church|hosting|||100,128|100,128|
|Premises||costs||81,086|81,086|
|Ministry|and pastoral costs|||94,101|94,101|
|Media costs||||24,125|24,125|
|Studio costs||||3,172|3,172|
|Camp and||conference costs||2,268|2,268|
|Giving||||26,580|26,580|
|||||331,460|331,460|
##
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|Analysis of
Analysis of|expenditure
by activities (continued)
direct costs (continued)|||
|---|---|---|---|
|||Church|Total|
|||operations|funds|
|||2022|2022f|
|Church
hosting||56,668|58,668|
|Premises costs||61,439|61,439|
|Ministry
and|pastoral costs|47,303|47,303|
|Media costs||27,900|27,900|
|Studio costs||2 112|2,112|
|Camp and conference costs||1,677|1,677|
|Giving||21,700|21,700|
|||220,799|220,799|
|Analysis of|support costs|||
|||Support|Total|
|||activities|funds|
|||2023f|2023f|
|Staff costs||444,73B|444,738|
|Depreciation||105,378|105,378|
|Printing,
post|and stationery|5,302|5,302|
|Insurance||15,443|15,443|
|Telephone
and internet||12,360|12,360|
|Computer costs||8,575|8,575|
|Professional|fees|99,594|99,594|
|Bank and cardnet charges||35,459|35,459|
|Bank interest||B2,398|82,398|
|Other expenses||19,803|19,803|
|||829,050|829,050|
##
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##
||Analysis o|f|support c|osts (co|nti|nued)||||
|---|---|---|---|---|---|---|---|---|---|
|||||||||Support|Total|
|||||||||activities|funds|
|||||||||2022|2022|
||Staff costs|||||||394,483|394,483|
||Depreciation|||||||94,291|94,291|
||Printing,
post and stationery|||||||4,879|4,879|
||Insurance|||||||9,903|9,903|
||Telephone|and internet||||||9,065|9,065|
||Computer
costs|||||||820|820|
||Professional||fees|||||20,618|20,618|
||Bank and cardnet charges|||||||25,733|25,733|
||Bank interest|||||||49,952|49,952|
||Other expenses|||||||18,357|'i8,357|
|||||||||628,101|628,101|
|9.|Auditors'
remuneration|||||||||
|||||||||2023f|2022|
||Fees payable||to the Company's||auditor for the audit ofthe Company's|||||
||annual
accounts|||||||8,100|6,600|
|10.|Staff costs|||||||||
|||||||Group|Group|Company|Company|
|||||||2023f|2022|2023|2022f|
||Wages and|salaries||||473,996|467,911|380,842|338,352|
||Social security costs|||||48,632|44,030|39,371|32,474|
||Contribution||to defined|contnbution||pension||||
||schemes|||||28,851|25,841|24,525|23,657|
|||||||549,479|537,782|444,738|394,483|
##
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||||Group|Group|Company|Company|
|---|---|---|---|---|---|---|
||||2023|2022|2023|2022|
||||No.|No.|No.|No.|
|Church|and|administration||11|||
|Venue|hire|operations||7|||
||||18|18|11|ff|
|Group|Group|
|---|---|
|2023|2022|
|No.|No|
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|||Long-term|||||
|---|---|---|---|---|---|---|
||Freehold|leasehold|Plant and|Fixtures|Office||
||property|property
8|machinery
E|and fittings
f|equipment|Total
6|
|Cost or valuation|||||||
|At 1 April 2022|5,220,000|808,872|200,965|191,199|3,161|6,424,197|
|Additions|||25,084|19,277|526|44,887|
|At 31 March 2023|5,220,000|808,872|226,049|210,476|3,687|6,469,084|
|Depreciation|||||||
|At 1 April 2022||314,129|75,564|164,741|2,391|556,825|
|Charge for the year||40,442|52,415|13,462|489|106,808|
|At 31 March 2023||354,571|127,979|178,203|2,880|663,633|
|Net book value|||||||
|At 31 March 2023|5,220,000|454,301|98,070|32,273|807|5,805,451|
|At31March 2022|5,220,000|494,743|125,401|26,458|770|5,867,372|
##
|||Long-term||||
|---|---|---|---|---|---|
||Freehold|leasehold|Plant and|Fixtures and||
||property|property|machinery|fittings|Total|
||6||8|8||
|Cost or valuation||||||
|At 1 April 2022|5,220,000|808,872|200,965|186,499|6,416,336|
|Additions|||25,084|19,277|44,361|
|At 31 March 2023|5,220,000|808,872|226,049|205,776|6,460,697|
|Depreciation||||||
|At 1 Apnl 2022||314,129|75,564|163,801|553,494|
|Charge for the year||40,442|52,415|12,522|105,379|
|At 31 March 2023||354,571|127,979|176,323|658,873|
##
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##
|Company
(continued)||||||
|---|---|---|---|---|---|
|||Long-term||||
||Freehold|leasehold|Plant and|Fixtures and||
||property|property|machinery|fittings|Total|
|||E||||
|Net book value||||||
|At 31 March 2023|5,220,000|454,301|98,070|29,453|5,801,824|
|At 31March 2022|5.220.000|494,743|125,401|22,698|5,862842|
||||Group|Group|Company|Company|
|---|---|---|---|---|---|---|
||||2023|2022|2023|2022|
|||||||8|
|Freehold|property||3,544,835|3,544,635|3,544,835|3,544,835|
|Accumulated||depreciation|(749,991)|(679,094)|(749,991)|(679,094)|
||||2,794,844|2,665,741|2,794,844|2,865,741|
##
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##
|||Group|Group|Company|Company|
|---|---|---|---|---|---|
|||2023
f.|2022f|2023|2022|
|Due within one|year|||||
|Trade debtors||9,908|44,324|||
|Amounts
owed|by group undertakings|||390,834|563,844|
|Other debtors||921,914|915,580|920,313|915,450|
|||931,822|959,904|1,311,147|1,479,294|
##
||||Group|Group|Company|Company|
|---|---|---|---|---|---|---|
||||2023f|2022
f|2023
f|2022
f|
|Bank loans|||61,777|83,943|51,777|63,943|
|Other loans||||28,000|||
|Trade creditors|||16,394|14,837|8,839|'15,684|
|Other taxation|and social security||56,231|13,951|9,649|11,079|
|Pension
contributions||payable|4,117|2239|4,117|2,239|
|Other creditors|||9,877|14,500|||
|Accruals
and deferred||income|8,000|5,101|8,000|5,101|
||||156,396|162,571|82,382|98,046|
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||2023|2022|2023|2022|
|---|---|---|---|---|
||f||||
|Between one and two years|||||
|Bankloans|61,777|126,450|51,777|106,450|
|Between two and five years|||||
|Bank loans|150,332|237,684|137,832|191,851|
|Over five years|||||
|Bank loans|1,385,423|1,316,342|1,385,423|1,316,342|
||||||Group|Group|Company|Company|
|---|---|---|---|---|---|---|---|---|
||||||2023|2022|2023|2022|
||||||8||E||
|Payable|or|repayable|by|instalments||1,385,423||1,385,423|
|||||||1,385,423||1,385,423|
##
||||Group|Group|Company|Company|
|---|---|---|---|---|---|---|
||||2023|2022|2023|2022|
||||8|8|8||
|Financial assets|||||||
|Financial|assets measured|at fair value|||||
|through|income and expenditure||497,822|348,929|482,939|326,398|
##
##
|Stateme|nt|of|funds
-current year|||||
|---|---|---|---|---|---|---|---|
||||||||Balance at|
|||||Balance at 1|||31 March|
|||||April 2022|Income
f|Expenditure
6|2023|
|Unrestricted|||funds|||||
|General|fund|||5,955,856|1,143,342|(1,160,691)|5,938,507|
|Subsidiary||reserves||(622,698)|504,180|(338,822)|(457,340)|
|||||5,333,158|1,647,522|(1,499,513)|5,481,167|
|Statement||of|funds - prior year|||||
||||||||Balance at|
|||||Be/ance at|||31March|
|||||1 April 2021|Income|Expenditure|2022|
|||||6||6||
|Unrestricted|||funds|||||
|General|fund|||5,414,253|1,390,503|(848,900)|5,955,856|
|Subsidiary||reserves||(588,405)|264,381|(298,674)|('622,698)|
|||||4,825,848|1,554,884|(1,147,574)|5,333,158|
##
||||Balance at|
|---|---|---|---|
|Balance at 1|||31 March|
|April 2022|Income|Expenditure|2023|
||||6|
|5,333,158|1,647,522|(1,499,513)|5,481,167|
##
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|Summar|y
offunds - prior yea|r|||||
|---|---|---|---|---|---|---|
|||||||Balance at|
||||Balance at|||31March|
|||1|April 2021|Income|Expenditure|2022|
|||||||6|
|General|funds||4,825,848|1,654,884|(1,147,574)|5,333,158|
|20.|Analysis|of net assets between|of net assets between|of net assets between|funds|||
|---|---|---|---|---|---|---|---|
||Analysis|of net assets between|||funds - current year|||
|||||||Unrestricted|Total|
|||||||funds|funds|
|||||||2023|2023|
|||||||6||
||Tangible|fixed|assets|||5,805,451|5,805,451|
||Current|assets||||1,429,644|1,429,644|
||Creditors|due|within|one year||(156,396)|(156,396)|
||Creditors|due|in more than one year|||(1,597,532)|(1,597,532)|
||Total|||||5,481,167|5,481,167|
||Analysis|of net assets between|||funds - prior year|||
|||||||Unrestricted|Total|
|||||||funds|funds|
|||||||2022|2022|
|||||||6|6|
||Tangible|fixed|assets|||5,867372|5,867,372|
||Current assets|||||1,308,833|1,308,833|
||Creditors|due within||one year||(162,571)|(162,571)|
||Creditors|due|in more than one year|||(1,680,476)|(1,680,476)|
||Total|||||5,333,158|5,333,158|
##
||||||Group|Group|
|---|---|---|---|---|---|---|
||||||2023f|2022|
|Net income for the|year (as per Statement||of Financial|Activities)|148,009|507,310|
|Adjustments
for:|||||||
|Depreciation
charges|||||106,808|95,862|
|Decrease/(increase)|in debtors||||28,082|(27,464)|
|Increase/(decrease)|in creditors||||(16,175)|11,214|
|Net cash provided|by operating|activities|||266,724|586,922|
|Group|Group|
|---|---|
|2023f|2022f|
|497,822|348,929|
|497,822|348,929|
##
|||||At 1 April||At 31 March|
|---|---|---|---|---|---|---|
|||||2022|Cash flows
f|2023
f|
|Cash|at bank and||in hand|348,929|148,893|497,822|
|Debt|due within|1|year|(114,182)|48,288|(65,894)|
|Debt|due after|1 year||(1,680,476)|82,944|(1,597,532)|
|||||(1,445,729)|280,125|(1,165,604)|
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