2023-04-30-accounts - Faith Life Church Cambridge

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

CONTENTS:				PAGE:
Trustees Annual Report				1-3
Independent Examiners	Report
Statement ofFinancial Activities
Balance Sheet
Statement ofCash Flows
Notes to the Financial Statements				8-11
TRUSTEES:		Mark Baines
		Sherryll Anne Baines
		Roger Bostock
		Paul Haworth
PRINCIPAL ADDRESS:		Arbor Grange
		Babrabam Road
		Cambridge
		CB22 3AY
CHAIUTY NUMBER.'		1114208
INDEPENDENTE~R:		Ian W Shipley	FCCA
		For and on behalf og
		Prentis k Co LLP
		Chartered Accountants
		k Independent	Examiners
		115cMilton Road
		Cambridge
		CB4 IXE

INCOME AND EXPENDITURE	INCOME AND EXPENDITURE	INCOME AND EXPENDITURE	ACCOUNT
				2023	2023		2022	2022
			Notes	Unrestricted	Restricted	2023	Unrestricted	Restricted	2022
				Funds	Funds	Total	Funds	Funds	Total
						I	f		f,
INCOME
Income from generated		funds:
Voluntary Income:
Donations and offerings				180,843		180,843	171,571	11,155	182,726
Total Income				180,843		180,843	171,571	11,155	182,726
EXPENDITURE
Costs ofraising funds:
Conference hosting				1,191		1,191	167		167
Charitable activities:
Travel and motor				2,058		2,058	4,079		4,079
Rei'reshments and food				2,828		2,828	1,080		1,080
Pastoral and Ministry costs				91,802		91,802	74,450		74,450
Rent				15,274		15,274	15,499		15,499
Light and heat				2,521		2,521	1,250		1,250
Insurance				523		523	1,119		1,119
Network cost				4,969		4,969	4,108		4,108
Web design and hosting				2,604		2,604	1,834		1,834
Mission costs and gifis				9,014		9,014	3,353	11,155	14,508
Youth camp				34		34
Telephone				845		845	843		843
Prmting, stationery	and	advertising		1,170		1,170	30		30
Kids Work costs				671		671	484		484
Other				1,932		1,932	1,357		1,357
Legal and professional				2,300		2,300	1,703		1,703
Speakers giits and	subsistence			800		800	769		769
Publicity, flyers and outreach				546		546	967		967
Conferences/training				3,065		3,065	1,516		1,516
Resource/sundry expenses				596		596	369		369
Repairs				2,588		2,588	466		466
Poor relief				1,150		1,150	147		147
Bank charges				1,007		1,007	566		566
Depreciation				4,486		4,486	2,664		2,664
Independent examiners		fees		896		896	825		825
OfFice				2,712		2,712	2,381		2,381
Total Expenditure				157,582		157,582	122,026	11,155	133,181
Net movement in	funds	for the year		23,261		23,261	49,545		49,545
Transfers between	funds			7,200	(7,200)
Total funds brought	forward			207,655	9,204	216,859	158,110	9,204	167,314
Total funds carried forward				238,116	2,004	240,120	207,655	9,204	216,859

						2023	2022
						Total	Total
					Note
Net cash used in operating	activities				10	24,247	46,163
Cash flotvs from investing	activities
Fixed assets additions						(9,889)	(1,809)
Net cash provided by investing		activities				(9,889)	(1,809)
Change in cash and cash	equivalent		in the year			14,358	44,354
Cash and cash equivalents	at	the beginning		of
the reporting period						141,928	97,574
Cash and cash equivalents	at	the end	ofthe		10
reporting period						156,286	141,928

TANGIBLE FIXEDASSETS	TANGIBLE FIXEDASSETS
YEAR ENDED 30TH APRIL 2023		Equipment
COST
Balance at	1stMay 2022	61,882
Additions		9,889
Disposals		(14,479)
Balance at	30th April 2023	57,292
DEPRECIATION
Balance at	1stMay 2022	58,483
Charge for	the year	4,486
Eliminated	on disposal	(14,479)
Balance at	30th April 2023	48,490
NET BOOK VALUE AT 30th April 2023		8,802
TANGIBLE FIXEDASSETS
YEAR ENDED 30TH APRIL 2022		Equipment
COST
Balance at	1st May 2021	61,178
Additions		1,809
Disposals		(1,105)
Balance at	30th April 2022	61,882
DEPRECIATION
Balance at	1st May 2021	56,924
Charge for	the year	2,664
Eliminated	on disposal	(1,105)
Balance at	30th April 2022	58,483
NET BOOK VALUE AT 30th April 2022		3,399


DEBTORS	2023	2022
	Due within	Due within
	one year	one year
	6
Prepayments	3,850	3,850
Accrued income	72,062	68,482
	75,912	72,332
CREDITORS	2023	2022
	Due within	Due within
	one year	one year
Accruals	880	800

RESTRICTED FUNDS	Balance at				Balance at
YEAR ENDED 30TH APRIL 2023	1stMay			Transfer of	30th April
	2022	Income	Expenditure	Funds	2023
		8
Building Fund	9,204			(7,200)	2,004
RESTRICTED FUNDS	Balance at				Balance at
YEAR ENDED 30TH APRIL 2022	1stMay			Transfer of	30th April
	2021	Income	Expenditure	Funds	2022
				f	8
Ukrainian families		11,155	(11,155)
Building Fund	9,204				9,204
UKRAINIAN FAMILIES
This was a funding to support Ukrainian	families relocating to Bulgaria.
UNRESTRICTED FUNDS	Balance at				Balance at
YEAR ENDED 30TH APRIL 2023	1stMay			Transfer of	30th April
	2022	Income	Expenditure	Funds	2023
		8
General Funds	207,655	180,843	(157,582)	7,200	238,116
UNRESTRICTED FUNDS	Balance at				Balance at
YEAR ENDED 30TH APRIL 2022	1stMay			Transfer of	30th April
	2021	Income	Expenditure	Funds	2022
			f	6
General Funds	158,110	171,571	(122,026)		207,655
ANALYSIS OF FUNDS			Unrestricted	Restricted	Total
YEAR ENDED 30TH APRIL 2023					f,
Tangible fixed assets			8,802		8,802
Net current assets			229,314	2,004	231,318
			238,116	2,004	240,120
ANALYSIS OF FUNDS			Unrestricted	Restricted	Total
YEAR ENDED 30TH APRIL 2022
Tangible fixed assets			3,399		3,399
Net current assets			204,256	9,204	213,460
			207,655	9,204	216,859

ACTIVITIES
			2023	2022
Net movements in	ftmd		23,261	49,545
Adj ustments for:
Depreciation			4,486	2,664
(Increase)/decrease	in debtors		(3,580)	(6,121)
(Decrease)/increase	in creditors		80	75
Net cash used in operating		activities	24,247	46,163
ANALYIS OF CASH AND CASH EQUIVALENTS			2023	2022
Cash at bank			156,286	141,928