2023-03-31-accounts

						Page
Reference	and administrative		details ofthe Charitable	Company,	its Trustees and
advisers
Trustees' report						2-6
Independent	examiner's	report				7-8
Statement	offinancial activities
Balance sheet						10-11
Statement	ofcash flows					12
Notes to the financial statements						13-29

			Restricted	Unrestricted	Total	Total
			funds	funds	funds	funds
		Note	2023f	2023	2023	2022f
Income from:
Donations and legacies			43,592	201,826	245,418	223,209
Charitable activities				475	475
Investments				47,506	47,506	84,015
Total income			43,592	249,807	293,399	307,224
Expenditure on:
Charitable activities				285,947	285,947	262,749
Total expenditure				285,947	285,947	262,749
Net movement in funds			43,592	(36,140)	7,452	44,475
Reconciliation offunds:
Total funds brought	forward		10,264	986,938	997,202	952,727
Net movement in funds			43,592	(36,140)	7,452	44,475
Total funds carried forward			53,856	950,798	1,004,654	997,202

							2023		2022
					Note		6
Fixed assets
Tangible assets					12		1,248,402		1,287,230
							1,248,402		1,287,230
Current assets
Debtors					13	131,746		103,892
Cash at bank and	in	hand				284,041		252,355
						415,787		356,247
Creditors: amounts		falling		due within one
year					14	(140,434)		(64,657)
Net current assets							275,353		291,590
Total assets less	current			liabilities			1,523,755		1,578,820
Creditors: amounts		falling		due after more
than one year					15		(519,101)		(581,618)
Net assets excluding			pension asset				1,004,654		997,202
Total net assets							1,004,654		997,202
Charity funds
Restricted funds					17		53,856		10,264
Unrestricted funds					17		950,798		986,938
Total funds							1,004,654		997,202

				2023f	2022 6
Cash flows from operating	activities
Net cash used in operating	activities			95,358	44,205
Cash flows from Investing	activities
Purchase of tangible fixed assets				(1,155)	(7,767)
Net cash used in investing	activities			(1,155)	(7,767)
Cash flows from financing	activities
Repayments of borrowing				(62,517)	(39,663)
Net cash used In financing	actIvities			(62,517)	(39,663)
Change in cash and cash	equivalents	in	the year	31,686	(3,225)
Cash and cash equivalents	at the beginning		of the year	252,355	255,580
Cash and cash equivalents	at the end	of	the year	284,041	252,355
The notes on pages 13to 29 form part ofthese financial statements

	Restricted	Unrestricted	Total
	funds	funds	funds
	2023 f	2023 f	2023f
Donations	43,592	201,826	245,418
	Restricted	Unrestricted	Total
	funds	funds	funds
	2022	2022f	2022f
Donations	5,785	217,424	223,209

					Unrestricted	Total	Total
					funds	funds	funds
					2023	2023	2022
					E	6	8
Sales	of	books	and	tapes	475	475

						Unrestricted	Total
						funds	funds
						2023f	2023 6
Investment	income	-	local	investment	properties	47,000	47,000
Investment	income	-	local	cash		506	506
						47,506	47,506
						Unrestricted	Total
						funds	funds
						2022	2022
Investment	income	-	local	investment	properties	84,000	84,000
Investment	income	-	local	cash		15	15
						84,015	84,015

		Donations
		to	Total
		Institutions	funds
		2023	2023f
United	Kingdom	64,373	64,373

Donations to	Total
Institutions	funds
2022f	2022
57,467	57,467

					Unrestricted
					funds	Total
					2023 E	2023f
Advancement	of	Christian	Faith		285,947	285,947
				Restricted	Unrestricted
				funds	funds	Total
				2022	2022	2022
					6	E
Advancement	of	Christian	Faith	5, 785	256,964	262,749

				Activities	Donation
				undertaken	funding of	Support	Total
				directly 2023 F	activities 2023f	costs 2023f	funds 2023 F
Advancement	of	Christian	Faith	169,643	64,373	51,931	285,947

Analysis	ofe	xpenditure	by activities	(continued)
				Activities	Donation
				undertaken	funding	ot	Support	Total
				directly	activities		costs	funds
				2022	2022		2022	2022
							6
Advancement		of Christian	Faith	157,176	57,467		48,106	262,749
Analysis	of direct costs
							Advanceme
							nt of
							Christian	Total
							Faith	funds
							2023	2023
							6
Staff costs							6,500	6,500
Depreciation							35,985	35,985
Ministerial	expenses						14,886	14,886
Premises	expenses						87,341	87,341
Communication		costs					3,728	3,728
Travel and	motor expenses						10,454	10,454
Finance costs							10,749	10,749
							169,643	169,643

Analysis o	f direc		t costs (continued)
				Advancemen
				tofChristian	Total
				Faith	funds
				2022f	2022f
Staff costs				9,601	9,601
Depreciation Ministerial expenses				36,747 12,110	36,747 12,110
Conferences and			seminars	21,279	21,279
Premises	expenses			44,539	44,539
Communication		costs		5, 109	5, 109
Travel and	motor		expenses	5,496	5,496
Finance costs				22,295	22,295
				157,176	157,176

				Advanceme
				nt of
				Christian	Total
				Faith	funds
				2023	2023
				6
Depreciation				3,998	3,998
Honorarium				1,753	1,753
Music and equipment				2,380	2,380
Welfare				739	739
Premises expenses				8,756	8,755
Communication	costs			414	414
Travel and motor expenses				1,161	1,161
Refreshments				1,331	1,331
Professional 8,	consultancy		fees	14,528	14,528
Sundry church	expenses			563	553
Bank charges				3,726	3,726
Expensed equipment		and furniture		4,962	4,982
Donations and	gifts			4,300	4,300
Governance costs				3,300	3,300
				51,931	51,931

	Analysis ofsupport	costs	(con	tinued)
									Advancemen
									tofChristian	Total
									Faith	funds
									2022f	2022f
	Depreciation Music and equipment								3,215 2,336	3,215 2,336
	Welfare								7, 105	7,105
	Premises expenses Communication costs								5,591 7,518	5,591 7,518
	Travel and motor expenses								1,252	1,252
	Professional 8 consultancy		fees						1,610	1,610
	Bank charges Expensed equipment Donations and gifts	and furniture							2,499 5,511 8, 169	2,499 5,511 8,169
	Governance costs								3,300	3,300
									48,106	48,106
9.	Independent examiner's		remuneration
									2023f	2022
	Fees payable to the Charitable Company's independent examination and preparation annual accounts				independent examiner for the of the Charitable Company's				3,300	3,300
10.	Staff costs
									2023 F	2022f
	Wages and salaries								6,500	9,601
									6,500	9,601

		Long-term
	Freehold	leasehold	Motor	Office
	property 6	property 6	vehicles F	equipment f	Total 6
Cost or valuation
At 1 April 2022	1,506,004	187,370	26,750	86,967	1,807,091
Additions				1,155	1,155
At 31 March 2023	1,506,004	187,370	26,750	88,122	1,808,246
Depreciation
At 1 April 2022	390,960	37,470	23,602	67,829	519,861
Charge for the year	30,120	3,747	787	5,329	39,983
At 31 March 2023	421,080	41,217	24,389	73,158	559,844
Net book value
At 31 March 2023	1,084,924	146,153	2,361	14,964	1,248,402
At 31 March 2022	1, 1 15,044	149,900	3, 148	19,I38	1,287,230
Debtors
				2023	2022
				6
Due within one year
Trade debtors				4,311	2,311
Other debtors				92,435	41,488
Tax recoverable				35,000	60,093
				131,746	103,892

		2023	2022
		6
Bank overdrafts			3,955
Bank loans		46,224	46,224
Other loans		23,155
Trade creditors		36,792	3,879
Other creditors		30,963
Accruals and deferred	income	3,300	10,599
		140,434	64,657

2023 E	2022f
519,101	581,618

										2023f	2022f
Financial	assets
Financial	assets	measured	at	fair	value	through	income	and	expenditure	284,041	252,355

17.	Statement	Statement	of	funds
	Statement		of	funds - current year
								Balance at
					Balance at 1			31 March
					April 2022 6	Income 6	Expenditure	2023 f
	Unrestricted			funds
	General	Funds - all funds			986,938	249,807	(285,947)	950,798
	Restricted		funds
	Building	fund				43,242		43,242
	5 and 2				10,264			10,264
	TW EM					350		350
					10,264	43,592		53,856
	Total of	funds			997,202	293,399	(285,947)	1,004,654

						Balance at
			Balance at			31 March
			1April 2021	Income	Expenditure f	2022
Unrestricted		funds
General	Funds - all funds		942,463	301,439	(256,964)	986,938
Restricted funds
Building	fund			4,411	(4,41 1)
5and2			10,264	459	(459)	10,264
TWEM				275	(275)
Africa Life Development				280	(280)
Sierra Leone Mission				360	(360)
			10,264	5,785	(5,785)	10,264
Total of	funds		952,727	307,224	(262,749)	997,202

Summary	offunds - current year
					Balance at
		Balance at 1			31 March
		April 2022 6	Income f.	Expenditure f	2023 f.
General funds		986,938	249,807	(285,947)	950,798
Restricted	funds	10,264	43,592		53,856
		997,202	293,399	(285,947)	1,004,654
Summary	offunds - prior year
					Balance at
		Balance at			31 March
		1 April 2021	Income f	Expenditure	2022f
General funds		942,463	301,439	(256,964)	986,936
Restricted	funds	10,264	5,785	(5,785)	10,264
		952,727	307,224	(262,749)	997,202

Analysis	of n	et assets between funds - current	year
			Restricted	Unrestricted	Total
			funds	funds	funds
			2023	2023	2023
			f.		6
Tangible	fixed	assets		1,248,402	1,248,402
Current	assets		53,856	361,931	415,787
Creditors	due	within one year		(140,434)	(140,434)
Creditors	due	in more than one year		(519,101)	(519,101)
Total			53,856	950,798	1,004,654

	Analysis of net a	ss	e	ts between	funds -	prior year
							Restricted	Unrestricted	Total
							funds	funds	funds
							2022 f	2022 f	2022f
	Tangible fixed assets							1,287,230	1,287,230
	Current assets						10,264	345,983	356,247
	Creditors due within		one year					(64,657)	(64,657)
	Creditors due in more			than one year				(581,618)	(581,618)
	Total						10,264	986,938	997,202
20.	Reconciliation of	net movement			in funds to net cash flow from operating			activities
								2023	2022
								8
	Net income for the	year (as per Statement				of Financial	Activities)	7,452	44,475
	Adjustments for:
	Depreciation charges							39,983	39,962
	Increase in debtors							(27,854)	(3,762)
	Increase/(decrease)		in creditors					75,777	(36,470)
	Net cash provided	by operating			activities			95,358	44,205
21.	Analysis ofcash and			cash equivalents
								2023	2022
								E	6
	Cash in hand							284,041	252,355
	Total cash and cash			equivalents				284,041	252,355

					At 1 April		At 31 March
					2022	Cash flows 6	2023 f
					F
Cash	at bank and		in hand		252,355	31,686	284,041
Bank	overdrafts	repayable		on demand	(3,955)	3,955
Debt	due within	1	year		(46,224)	(23,155)	(69,379)
Debt	due after 1 year				(581,618)	62,517	(519,101)
					(379,442)	75,003	(304,439)

							2023	2022
							E
Amounts owed by Resurrection other debtors (Note 12)		Life Centre to		the charitable	company	- in	62,534	28,534
Rent receivable	from Resurrection		Life Centre	Ltd (see note	4)		47,000	84,000