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|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|
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||||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|
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|||||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||||||
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||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|
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||||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|
||||||funds|funds|funds|
||||||2023|2023|2022|
||||||E|6|8|
|Sales|of|books|and|tapes|475|475||
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|||||||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|
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|||Donations||
|---|---|---|---|
|||to|Total|
|||Institutions|funds|
|||2023|2023f|
|United|Kingdom|64,373|64,373|
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|Donations
to|Total|
|---|---|
|Institutions|funds|
|2022f|2022|
|57,467|57,467|
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||||||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|
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|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|
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|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|
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|||||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|
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||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|
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|||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|
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|||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|
##
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|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|
##
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|||||||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|
##
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|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|
##
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##
||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|
##
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||||||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|