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|Trustees'
annual
report (incorporating||||the|director's|report)||
|Independent|auditor's|report to|the members|||||
|Statement|offinancial|activities|(including||income and|||
|expenditure|account)||||||20|
|Statement|offinancial|position|||||21|
|Statement|ofcash tiows||||||22|
|Notes to the financial||statements|||||23|
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|||Y|ear end|ed 31 March|2023|||
|---|---|---|---|---|---|---|---|
||||||2023||2022|
|||||Unrestricted|Restricted|||
|||||funds|funds|Total funds|Total funds|
||||Note||6|6||
|Income and endowments||||||||
|Donations
and legacies|||4|238,938|4,862|243,800|226,015|
|Other trading
activities|||5|876,631||876,631|719,979|
|Investment
income|||6|386||366|48|
|Government
grants income|||21||||25,317|
|Total income||||1,115,935|4,862|1,120,797|971,359|
|Expenditure||||||||
|Expenditure
on raising funds:||||||||
|Costs of raising donations|||7|11,985||11,985|9,561|
|Costs ofother trading|activities||8|607,846|12,365|620,211|522,706|
|Expenditure
on charitable|activities||9,11|318,143|3,532|321,676|288,334|
|Total expenditure||||937,974|15,897|953,872|820,601|
|Net income and net movement||in|funds|177,961|(11,035)|166,925|150,758|
|Reconciliation
offunds||||||||
|Total funds brought forvrard||||439,084|27,879||316,205|
|Total funds carried forward||||817,045|16,844|633,889|466,963|
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||Year en|ded 31 March 2023|||
|---|---|---|---|---|
||||2023|2022|
|||||F|
|Cash flows from operating|activities||||
|Net income|||166,925|150,758|
|Adjustments
for.|||||
|Depreciation
oftangible fixed|assets||25,475|21,652|
|Government
grant income||||(25,317)|
|Other interest receivable and|similar income||(366)|(48)|
|Accrued expenses/(income)|||6,362|(5,018)|
|Changesin:|||||
|Trade and other debtors|||983|(7,567)|
|Trade and other creditors|||(115)|(95,875)|
|Cash generated
from operations|||199,264|38,585|
|Interest received||||48|
|Net cash from operating
activities|||199,630|38,833|
|Cash flows from investing|acttvithrs||||
|Purchase oftangible assets|||(19,283)|(2,835)|
|Net cash used
in investing
activities|||(19,283)|(2,835)|
|Cash flows from financing|activities||||
|Proceeds from borrowings|||(60,406)|(71,591)|
|Proceeds from loans from group undertakings||||(24,056)|
|Govemrnent
grant income||||25,317|
|Net cash used
in financing
activities|||(60,406)|(70,330)|
|Net Increase/(decrease)
In|cash and cash|equivalents|119,941|(34,532)|
|Cash and cash equivalents|at beginning|ofyear|1,124|35,658|
|Cash and cash equivalents|at end ofyear||121,065|1,124|
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||||||Unrestricted|Restricted|Total Funds|
|---|---|---|---|---|---|---|---|
||||||Funds
f|Funds
f|2022|
|Donations||||||||
|Donations|-|Thanksgiving|||5,996||5,996|
|Donations|-|Tithes,|Qitedngs &Other Donation||174,454||174,454|
|Donations|-|Gift Aid|||40,048||40,048|
|Donations|-|Building|Fund|||5,479|5,479|
|Donations|-|Junior Church||Collection|38||38|
||||||245,853|5,479|226,015|
||||Unrestricted|Total Funds|Unrestricted|Total Funds|
|---|---|---|---|---|---|---|
||||Funds
f|2023
f|Funds
F|2022
f|
||CMC Nursery|Income|876,631|876,631|719,979|719,979|
|6.|Investment|income|||||
||||Unrestricted|Total Funds|Unrestricted|Total Funds|
||||Funds
f|2023
f|Funds
f|2022|
||Bank interest|receivable|366|366|48|48|
|7.|Costs of raising donations||and legacies||||
||||Unrestricted|Total Funds|Unrestricted|Total Funds|
||||Funds|2023
f|Funds
F|2022
f|
||Support costs (note 10)||11,985|11,985|9,561|9,561|
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|Costs ofo|ther trading
activities||||
|---|---|---|---|---|
|||Unrestricted|Restricted|Total Funds|
|||Funds|Funds|2023|
|||5||E|
|Fundraising|trading —CMC nursery|536,315||536,315|
|Support costs (note 10)||71,531|12,365|&3,896|
|||607,846|12,365|620311|
|||Unrestricted|Restricted|Total Funds|
|||Funds|Funds|2022|
|||F|||
|Fundraising|trading —CMC nursery|455,780||455,760|
|Support costs||54,561|12,365|66,926|
|||510,341|12,365|522,706|
##
||Unrestricted|Restricted|Total Funds|
|---|---|---|---|
||Funds|Funds|2023|
||6|E||
|Direct charitable cost|285,565||285,565|
|Support costs (note 10)|20,438|3,532|23,970|
||306,003|3,532|309,535|
||Unrestricted|Restricted|Total Funds|
||Funds|Funds|2022|
||F|F||
|Direct charitable cost|254,776||254,776|
|Support costs|15,590|3,532|19,122|
||270,366|3,532|273,898|
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|Expenditure||on cha|ritable
activities
by ac|tivity type||||
|---|---|---|---|---|---|---|---|
|||||||Cost of|Total|
|||||Cost of||generating|Support|
|||||charitable|Fund raising|voluntary|Cost|
|||||activities|trading|Income|2023|
|||||6||||
|Bank fees||||401|1,403|200|2,005|
|Cleaning||||3,544|'I2,404|1,772|17,720|
|Depreciation||& Impairment||5,095|17,833|2,548|25,475|
|Insurance||||2,694|9,428|1,347|13W9|
|ITsoftware|and consumables|||224|782|112|1,117|
|Light, power,||heating||1,470|5,147|735|7,352|
|Motor vehide||expense||747|2,613|373|3,733|
|Motor vehide||hire||1,526|5,343|763|7,632|
|Pensions costs||||2,105|7,368|1,053|10,526|
|Postage 8 courier||||1|4|1|5|
|Printing
8 stationery||||1,144|4,003|572|5,718|
|Repair 8 maintenance||||2WO|7,770|1,110|11,100|
|Staff training||||666|2,332|333|3.332|
|Subscription||||1,060|3,711|530|5,302|
|Telephone|&|internet||1,073|3,755|536|5465|
|||||23,970|83,896|11,985|119,852|
|Governance||costs||||||
||||||Unrestricted|Total Funds|Total Funds|
||||||Funds
f|2023
6|2022|
|Accountancy||fees|||5,462|5,462|4,520|
|Audit fess|||||2,700|2,700|2,700|
|Legal & professional|||cost||3,979|3,979|7,217|
||||||12,141|12,141|14,437|
|Nst Income||||||||
|Net income|is stated||after charging/(crediting):|||||
|||||||2023|2022|
|||||||6||
|Depreciation||oftangible fixed assets||||25,475|21,652|
|Auditors
remuneration||||||||
|||||||2023|2022|
||||||||F|
|Fees payabls||forthe|audit ofthe financial statements|||2,700|2,700|
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||||2023
f|2022|
|---|---|---|---|---|
|Wages and Salaries|||570,675|517,212|
|Social security costs|||38,512|35,917|
|Other pension costs|||10,526|11,685|
||||619,713|564,814|
||||2023|2022|
||||No.|No.|
|The average
Monthly|Number ofemployees|during the year|29|33|
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|Tangible fixed assets||||
|---|---|---|---|
||Land and|||
||buildingsf|Equipmentf|Total|
|Cost||||
|At 1 April 2022|2,523,401|149,585|2,672,986|
|Additions||19,283|19483|
|At 31March 2023|2,523,401|168,868|2,692469|
|Depreciation||||
|At 1 April 2022|89,569|137,622|227,191|
|Charge for the year|17,664|7,811|25,475|
|At 31 March 2023|107,233|145,433|252,666|
|Canylng
amount||||
|At31March 2023|2,416,168|23,435|2,439,603|
|At 31 March 2022|2,433,832|11,963|2,445,795|
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|17.|Debtors|||Year ended 31 March 202|3||
|---|---|---|---|---|---|---|
||||||2023|2022
f|
||Trade debtors||||8,037|2,753|
||Other debtors|||||6467|
||||||8,037|9,020|
|18.|Cash and cash equivalents||||||
||Cash and cash equivalents|||compnse the following:|||
||||||2023|2022|
||||||6|F|
||Cash at bank and|in hand|||121,065|1,124|
||Bank overdrafts||||||
||||||121,065|1,124|
|19.|Creditors: amounts||falling|due within one year|||
||||||2023|2022|
||||||6||
||Bank loans and overdrafts||||131,243|124,174|
||Accruals and deferred||income||82,165|75,803|
||Social security and|other taxes|||29,698|20,943|
||Other creditors||||19,008|19,008|
||||||262,114|239,928|
##
|||||2023|2022|
|---|---|---|---|---|---|
|||||8||
|Bank|loans|and|overdrafts|1,494,191|1,561,666|
|Other|Loans|||178,511|187,382|
|||||1,672,702|1,749,048|
##
||||2023|2022|
|---|---|---|---|---|
|||||6|
|Recognised|in income from donations|and legacies:|||
|Government|grants income|||25,317|
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||Unrestricted||fu|nds|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||At||||At|
||||||||||||1|April 2022
f|Income
6||Expenditure
31|March 2023
6|
||General funds|||||||||||439,084|1,115,935||(937,974)|617,045|
|||||||||||||At||||At|
||||||||||||1|April 2021|Income||Expenditure
31|March 2022|
|||||||||||||||||F|
||General funds|||||||||||277,908|965,880||(804,704)|439,084|
||Restricted funds||||||||||||||||
|||||||||||||At||||At|
||||||||||||1|April 2022|Income
E||Expenditure
31
f|March 2023
6|
||Restricted
Fund|||1 —building||||fund||||27,879|4,862||(15,897)|16,644|
|||||||||||||At||||At|
||||||||||||1|April 2021|Income||Expenditure
31|March 2022|
|||||||||||||6|||||
||Restricted
Fund|||1 —building||||fund||||38,297|5,479||(15,897)|27,879|
||Restricted||fund||is|maintained|||to build||up a reserve||to settle the||other operating|obligations|
||expected|to fall|||due||In the ensuing|||years. Charity|||encourages|its members
and||visitors
to|
||contribute|to||this fund|||by spedai appeals||||||||||
||Analysis of|changes||||In|net|debt|||||||||
||||||||||||Unrestricted||Restricted||Total Funds|Total Funds|
|||||||||||||Funds
f|Funds
8||2023|2022
f|
||Tangible fixed||assets|||||||||2,422,759|16,844||2v439,603|2,445,795|
||Current assets|||||||||||129,102|||129,102|9,020|
||Creditors less||than||1|year||||||(262,114)|||(262,114)|(239,928)|
||Creditors greater than|||||1|year|||||(1,672,703)|||(1,672,703)|(1,749,047)|
||Net assets|||||||||||817,045|16,844||633,889|466,963|
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|Financial instruments|Financial instruments|Financial instruments|Financial instruments||||
|---|---|---|---|---|---|---|
|The canying
amount for each category offinancial||||instrument|is as follows:||
||||||2023||
||||||6||
|Financial|assets measured||at fair value through|income and expenditure|||
|Financial|assets measured||at fair value through
income and||||
|expenditure|||||121,065|1,124|
|Financial|liabilities|measured
at fair value through
Income|||and expenditure||
|Financial|liabilities|measured|at fair value through|income and|||
|expenditure|||||1,934,816|1,988,976|
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||||Total Funds|Total Funds|
|---|---|---|---|---|
||||2023
f|2022
f|
|Donations|||||
|Donations —Thanksgiving|||7,532|5,996|
|Donations|—Tithes||125,147|106,008|
|Donations|—Offerings||18/27|15,461|
|Donations|—Other Donation||23,687|50,295|
|Donations|—Grit Aid||54,447|40,048|
|Donations|—Building fund||4,862|5,479|
|Donations|—Junior Church Collection|||38|
|Donations|—Hadassah||1,147|1,958|
|Donations —First Fruit||||156|
|Donations|—Seed ofGratitude||475|33|
|Donations —Kingsmen|||2,382|225|
|Donations —Welfare|||595|320|
|Donations —Screen Project|||5499||
||||243,800|226,015|
|Activities for Generating||Funds|||
||||Total Funds|Total Funds|
||||2023|2022|
|CMC Nursery
Income|||876,631|719,979|
||||876,631|719,979|
|Investment
Income|||||
||||Total Funds|Total Funds|
||||2023|2022|
||||6||
|Bank interest receivable|||366|48|
|Government
Grant Income|||||
||||Total Funds|Total Funds|
||||2023|2022|
|||||6|
|Government|grant received|||25,317|
|Total incoming|Resources||1,120,797|971,359|
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||||Total Funds|Total Funds|
|---|---|---|---|---|
||||2023|2022|
||||6||
||Rent||||
||Employment
Cost||421401|368,682|
||Nursery
Misc Expense||17,521|12,669|
||Interest Paid||97,593|74,429|
||||536,315|455,780|
|Cost|ofCharitable
Activity||||
||||Total Funds|Total Funds|
||||2023|2022|
||||6|F|
||Charitable
donation||26,098|19,898|
||FOL &Out Reach||7418|2,415|
||Hadassah
Expenses|||240|
||Honorarium||6,700|5,530|
||Hospitality
&Retreat||5,783|1,876|
||Hall hire for church services|||3,604|
||Music &Choir Expense||933|2,182|
||Employment
Cost||188,581|187,089|
||Rent &Rates||1,408|2,133|
||Consulting||2,691|2,600|
||Travelling;
International|& Local|24,066|10,044|
||Advertising
&Marketing||1,058|3,160|
||Welfare Expense|||312|
||Miscellaneous
(including|Interest)|21,028|13,692|
||||285,565|254,776|
##
|rnance
Cost|||
|---|---|---|
||Total Funds|Total Funds|
||2023|2022|
||6|6|
|Accountancy fees|5,462|4,960|
|Audit fees|2,700|2,700|
|Legal fees|3,979|6,777|
||12,141|14,437|
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|ort Cost||||||
|---|---|---|---|---|---|
|||||Total Funds|Total Funds|
|||||2023|2022|
|||||f|f|
|5IQQQQttg!ertL:||||||
|Light, Power,||Heating||7,352|6,414|
|Insurance||||13,469|13,013|
|ITCost||||'I,117|658|
|Printing,
Stationery|||and Postage|5,723|3,594|
|HP Interest||||||
|Bank Interest||and Charges||2,005|1,734|
|Motor Expenses||||11,365|13,154|
|Repairs 8 Maintenance||||11,100|9,272|
|Cleaning||||1'7„720|2,154|
|Depreciation||||25,475|21,652|
|Subscription||||5,302|5,066|
|Telephone||||5,365|5,150|
|Miscellaneous|||||360|
|JfumatLLtlttagtt||tgtt'||||
|Pension Cost||||10,526|11,685|
|S@tfTraining||||3332|1,702|
|Recruitment|Expenses|||||
|||||119,852|95,808|
|||||953,872|820,601|