2021-12-31-accounts

Report ofthe Trustees
Independent Examiner's		Report
Statement ofFinancial		Activities
Balance Sheet			4	to	5
Notes to the Financial	Statements		6	to	11
Detailed Statement of	Financial Activities			12

					31.12.21	31.12.20
			Unrestricted	Restricted	Total	Total
			fund	funds	funds	funds
		Notes
INCOME AND ENDOWMENTS	FROM
Donations and legacies			35,803	31	35,834	42,663
EXPENDITURE ON
Raising funds			6,277		6,277	9,721
Charitable activities
Ministry and church costs
			15,057	28,364	43,421	47,520
Total			21,334	28,364	49,698	57,241
NET INCOME/(EXPENDITURE)			14,469	(28,333)	(13,864)	(14,578)
Transfers between funds		12	(11,850)	11,850
Net movement in funds			2,619	(16,483)	(13,864)	(14,578)
RECONCILIATION OF FUNDS
Total funds brought forward			15,391	211,450	226,841	241,419
TOTAL FUNDS CARRIED FORWARD			18,010	194,967	212,977	226,841

Balance Sheet 3l~ecem urs2I21
				31.12.21	31.12.20
		Unrestricted	Restricted	Total	Total
		fund	funds	funds	funds
	Notes
FIXEDASSETS
Tangible assets		627	338,190	338,817	361,108
CURRENT ASSETS
Debtors	7	19,260		19,260	16,005
Cash at bank and in hand		2,550	5,754	8,304	10,768
		21,810	5,754	27,564	26,773
CREDITORS
Amounts falling due within one year	8	(4,427)	(8,230)	(12,657)	(13,272)
NET CURRENT ASSETS		17,383	(2,476)	14,907	13,501
TOTAL ASSETSLESSCURRENT
LIABILITIES		18,010	335,714	353,724	374,609
CREDITORS
Amounts falling due afier more than one year	9		(140,747)	(140,747)	(147,768)
NET ASSETS		18,010	194,967	212,977	226,841
FUNDS	12
Unrestricted funds				18,010	15,391
Restricted funds				194,967	211,450
TOTAL FUNDS				212,977	226,841

Freehold	property	4%on cost
Fixtures	and fittings	25%on reducing balance
Computer	equipment	25%on reducing balance

			31.12.21	31.12.20
Ministerial staff (wages/fees)			I	1
No employees received emoluments	in excess off60,000.
COMPARATIVKS FORTHE STATEMENT OF FINANCIAL		ACTIVITIES
		Unrestricted	Restricted	Total
		fund	funds	funds
			f.
INCOME AND ENDOWMENTS	FROM
Donations and legacies		42,648	15	42,663
EXPENDITURE ON
Raising funds		9,721		9,721
Charitable activities
Ministry and church costs
		19,455	28,065	47,520
Total		29,176	28,065	57,241
NKT INCOME/(EXPENDITURE)		13,472	(28,050)	(14,578)
Transfers between funds		(14,003)	14,003
Net movement in funds		(531)	(14,047)	(14,578)
RECONCILIATION OF FUNDS
Total funds brought forward		15,922	225,497	241,419
TOTAL FUNDS CARRIED FORWARD		15,391	211,450	226,841

TANGIBLE FIXEDASSETS
		Improvements	Fixtures
	Freehold	to	and	Computer
	property	property	fittings	equipment	Totals
		6
COST
At 1 January 2021	343,874	184394	28,151	10,047	566,366
Disposals			(9,217)	(6,328)	(15,545)
At 31December 2021	343,874	184,294	18,934	3,719	550,821
DEPRECIATION
At 1 January 2021	151,977	26,237	17,526	9,518	205,258
Charge for year	13,755	7,372	647	98	21,872
Eliminated on disposal			(8,939)	(6,187)	(15,126)
At 31December 2021	165,732	33,609	9,234	3,429	212,004
NET BOOK VALUE
At 31December 2021	178,142	150,685	9,700	290	338,817
At 31December 2020	191,897	158,057	10,625	529	361,108
DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
				31.12.21	31.12.20
Other debtors				1,700	1,700
Prepayments and accrued income				17,560	14,305
				19,260	16,005
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
				31.12.21	31.12.20
Bank loans and overdrafls (see note	10)			8,228	8,588
Social security and other taxes				2,568	3,395
Accrued expenses				1,861	1,289
				12,657	13,272

forth	e YearEn d31D c m er20	e YearEn d31D c m er20	2	2	2	2
9.	CREDITORS: AMOUNTS		FALLING DUE AFTER MORE THAN ONE YEAR
						31.12.21	31.12.20
						f.
	Bank loans (see note 10)					140,747	147,768
10.	LOANS
	An analysis ofthe maturity ofloans is given below:
						31.12.21	31.12.20
	Amounts falling due within one year on demand:
	Bank loans					8,228	8,588
	Amounts falling between one		and two years:
	Bank loans -	1-2years				8,557	8,932
	Amounts falling due between		two and five years:
	Bank loans -	2-5 years				27,780	28,997
	Amounts falling due in more than five years:
	Repayable by	instalments:
	Bank loans more 5 yr by instal					104,410	109,839
1.	SECURED DEBTS
	The following	secured debts are included within		creditors:
						31.12.21	31.12.20
	Bank loans					148,975	156,356
	The bank loan	is secured by a	legal charge on the	freehold property,	in favour ofBarclays Bank pic.
2.	MOVEMENT IN FUNDS
					Net	Transfers
					movement	between	At
				At 1.1.21	in funds	funds	31.12.21
					f
	Unrestricted	funds
	General fund			15,391	14,469	(11,850)	18,010
	Restricted funds
	Building Fund
	Welfare Fund			208,139	(28,333)	12,600	192,406
	Klar Prospects	Project		3,061 250		(750)	2,311 250
				211,450	(28,333)	11,850	194,967
	TOTALFUNDS			226,841	(13,864)		212,977

						Incoming	Resources	Movement
						resources	expended f	in funds
Unrestricted		funds
General fund						35,803	(21,334)	14,469
Restricted funds
Building Fund
						31	(28,364)	(28,333)
TOTAL FUNDS						35,834	(49,698)	(13,864)
Comparatives		for movement		in funds
						Net	Transfers
						movement	between	At
					At 1.1.20	in funds	funds	31.12.20
								f.
Unrestricted		funds
General fund					15,922	13,472	(14,003)	15,391
Restricted funds
Building Fund
					219,834	(28,050)	16,355	208,139
Welfare Fund
					3,163		(102)	3,061
Klar Prospects		Project			2,500		(2,250)	250
					225,497	(28,050)	14,003	211,450
TOTALFUNDS					241,419	(14,578)		226,841
Comparative	net movement		in	funds, included	in the above are as follows:
						Incoming	Resources	Movement
						resources	expended	in funds
Unrestricted		funds
General fund						42,648	(29,176)	13,472
Restricted funds
Building Fund
						15	(28,065)	(28,050)
TOTAL FUNDS						42,663	(57,241)	(14,578)

			Net	Transfers
			movement	between	At
		At 1.1.20	in funds	funds	31.12.21
			I
Unrestricted	funds
General fund		15,922	27,941	(25,853)	18,010
Restricted funds
Building Fund
		219,834	(56,383)	28,955	192,406
Welfare Fund
		3,163		(852)	2,311
Klar Prospects	Project	2,500		(2,250)	250
		225,497	(56,383)	25,853	194,967
TOTAL FUNDS		241,419	(28,442)		212,977

		Incoming	Resources	Movement
		resources	expended	in funds
		f.
Unrestricted	funds
General fund		78,451	(50,510)	27,941
Restricted funds
Building Fund
		46	(56,429)	(56,383)
TOTAL FUNDS		78,497	(106,939)	(28,442)

Detailed Statement	ofFinancial Activities	ofFinancial Activities	ofFinancial Activities
for the Y Ended	31D	m	021
				31.12.21	31.12.20
INCOME AND ENDOWMENTS
Donations and legacies
Tithes				15,387	22,920
Offering				15,852	15,031
Thanksgiving				1,310	820
Donanons				3,285	3,892
				35,834	42,663
Total incoming resources				35,834	42,663
EXPENDITURE
Raising donations	and legacies
Wages and fees				4,763	8,212
Social security				73	708
Ministry expenses				1,441	801
				6,277	9,721
Charitable activities
Wages				4,763	8,212
Social security				73	708
Building/combined	Insurance			3,032	2,686
Central office costs				2,364	2,215
Telephone				1,098	1,029
Subscriptions				590	530
Other insurances				216	216
Bank charges				92	150
Repairs and maintenance Depreciation oftangible fixed assets				1,414 21,871	2,451 22,116
Loss on sale oftangible fixed assets				419
Bank loan interest				6,529	6,307
				42,461	46,620
Support costs
Governance costs
Accountancy and legal fees				960	900
Total resources expended				49,698	57,241
Net expenditure				(13,864)	(14,578)