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|||Page|
|---|---|---|
|Legal and Administrative|Information||
|Trustees'
Annual
Report|||
|Independent
Auditor's|Report||
|Statement
of Financial|Activities|12|
|Statement
of Financial|Position|13|
|Cash Flow Statement||14|
|Notes to the Financial Statements||15|
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|The Trustees and Directors|||||
|---|---|---|---|---|
||Antony Bladen||||
||Andrew
Dougherty||||
||Christopher
Jones||Resigned|18/01/2022|
||lan Scholes||||
||Derek Smith||||
||Penny Clarke||Appointed|24/06/2022|
|Senior Pastors|Derek 8 Georgina||Smith||
|Company secretary|Penny Clarke||||
|Primary Bankers|Barclays Bank|UK|PLC||
||1 - 5 Market Street||||
||Bolton||||
||BL1 1BU||||
|Auditor|Mark Heaton||||
||KM Chartered|Accountants|||
||1st Floor, Block C||||
||The Wharf||||
||Manchester
Road||||
||Burnley||||
||BB111JG||||
|Solicitors|Aughton
Ainsworth||||
||2 Merchants
Quay||||
||Salford||||
||M50 3XR||||
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|||||||||2021||2020|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||Unrestricted|Restricted|Total||
||||||||Funds|Funds|Funds|Total funds|
|||||||Note|||||
|Income|||||||||||
|Donations
and legacies|||||||854,583|79,987|934,570|826,526|
|Charitable
activities|||||||7,343||7,343|8,666|
|Trading activities|||||||174,492||174,492|115,526|
|Total Income|||||||1,036,418|79,987|1,116,405|950,719|
|Expenditure|||||||||||
|Expenditure|on charitable||activities||||1,024,885|102,460|1,127,345|911,978|
|Governance|costs||||||6,734||6,734|2,982|
|Total Expenditure|||||||1,031,619|102,460|1,134,079|914,960|
|Net income I(expenditure)
gains I(losses)||||before|||4,799|(22,473)|(17,674)|35,759|
|Gain/(loss)|on revaluation||of|property|||(18,000)|—|(18,000)||
|Net income|I(expenditure)||||||(13,201)|(22,473)|(35,674)|35,759|
|Net income|and net movement||||in funds||||||
|Total funds|brought|forward||||14|619,723|87,179|706,902|671,143|
|Transfers||||||14|43,165|(43,165)|||
|Total funds|carried|forward||||14|649,687|21,541|671,228|706,902|
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||||||2021|2020|
|---|---|---|---|---|---|---|
|||||Note|||
|Fixed Assets|||||||
|Tangible Assets||||9|1,117,175|927,514|
||||||1,117,175|927,514|
|Current assets|||||||
|Debtors||||10|81,755|107,572|
|Cash at bank||and
in|hand||72,706|61,455|
||||||154,461|169,027|
|Creditors: amounts|||falling due within one year|11|150,778|74,565|
|Net current|assets||||3,683|94,462|
|Creditors: amounts|||falling after one year||449,630|315,074|
|Net assets||||15|671,228|706,902|
|Funds ofthe||charity|||||
|Restricted funds||||14|21,541|87,179|
|Unrestricted|funds||||||
|Unrestricted||General||14|87,193|253,441|
|Revaluation||Reserve|||332,000|350,000|
|Designated||funds|||230,494|16,282|
||||||649,687|619,723|
|Total charity||funds|||671,228|706,902|
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||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|
||||||||f|E|
|Cash flows from operating|activities:||||||||
|Net cash provided
by (used|in) operating|activities|||||114,512|206,427|
||||||||114,512|206,427|
|Cash flows from investing|activities:||||||||
|Dividends
and interest|||||||||
|Purchase oftangible
fixed assets|||||||(312,605)|(127,229)|
|Net cash provided
by (used|in) investing|activities|||||(312,605)|(127,229)|
|Cash flows from financing|activities:||||||||
|Repayments
on borrowing|||||||(57,449)|(61,242)|
|Cash inflows from new borrowing|||||||266,794||
|Net cash provided
by (used|in) financing|activities|||||209,344|(61,242)|
|Change
in cash and cash equivalents
in||the|reporting|period|||11,251|17,956|
|Cash and cash equivalents|at the beginning||ofthe reporting||period||61,455|43,499|
|Cash and cash equivalents|at the end|of|the reporting||period||72,706|61,455|
|Reconciliation
of net movement
in funds|||to net cash flowfrom|||operating|activities||
||||||||2021|2020|
||||||||f||
|Net movement
in funds for the reporting
statement
offinancial
activities)||period (as per the|||||(17,674)|35,761|
|Adjustments
for:|||||||||
|Depreciation
charges|||||||104,943|112,392|
|Dividends
and interest from|investments||||||||
|(Increase)
/ decrease
in debtors|||||||25,818|50,895|
|Increase
/ (decrease)
in creditors|||||||1,425|7,380|
|Net cash provided
by (used|in) operating|activities|||||114,512|206,427|
|Analysis ofcash and cash equivalents|||||||||
||||||||2021|2020|
||||||||f||
|Cash at bank|||||||72,706|61,455|
|Total cash and cash equivalents|||||||72,706|61,455|
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|ver their e|xoected useful econ|omic lives as follo|ws:|
|---|---|---|---|
|Land and|Buildings|2% Straight|line|
|Fixtures and Fittings||25% Straight|line|
|Equipment||25% Straight|line|
|Leasehold|Improvements|Depreciated|over the life ofthe leasehold|
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|o|tes to the|tes to the|Financial Statements||||
|---|---|---|---|---|---|---|
|2|Analysis of||Income||||
|||||Unrestricted|Restricted|Total|
|||||Funds|Funds|Funds 2021|
|||||E|F||
||Donations|and legacies|||||
||Donations|||644,236|4,027|648,263|
||Gift Aid|||117,565||117,565|
||Grants|||92,782|75,960|168,742|
|||||854,583|79,987|934,570|
||Charitable|activities|||||
||Hospitality|and cafe income||1,181||1,181|
||Events and|activities income||5,672||5,672|
||Courses and||training|490||490|
|||||7,343||7,343|
||Trading Activities||||||
||Rental income|||102,782||102,782|
||Room hire|||71,710||71,710|
|||||174,492||174,492|
||Investment||income||||
||Bank Interest||||||
||Total Income|||1,036,418|79,987|1,116,405|
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|tes to the|tes to the|Financial Stateme|nts||||
|---|---|---|---|---|---|---|
|Analysis of||income (comparative|period)||||
|||||Unrestricted|Restricted|Total|
|||||Funds|Funds|Funds 2020|
|||||f|F||
|Donations|and legacies||||||
|Donations||||549,987|11,320|561,307|
|Gift Aid||||126,193||126,193|
|Grants||||82,476|56,550|139,026|
|||||758,656|67,870|826,526|
|Charitable|activities||||||
|Hospitality|and cafe income|||3,512||3,512|
|Events and|activities income|||3,498||3,498|
|Courses and||training||1,656||1,656|
|||||8,667||8,666|
|Trading Activities|||||||
|Rental income||||40,278||40,278|
|Room hire||||75,248||75,248|
|||||115,526||115,526|
|Investment||income|||||
|Bank Interest|||||||
|Total Income||||882,849|67,870|950,718|
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|||Unrestricted|Restricted|Total|
|---|---|---|---|---|
|||Funds|Funds|Funds 2021|
||||F|f|
|Premises costs||429,833|60,014|489,847|
|Administration|costs|148,509|1,011|149,520|
|Mission expenses||442,954|39,641|482,595|
|Training
and|development|3,589|1,794|5,383|
|||1,024,885|102,460|1,127,345|
|||Unrestricted|Restricted|Total|
|||Funds|Funds|Funds 2020|
||||E|f|
|Premises costs||404,819|17,002|421,821|
|Administration|costs|153,858|750|154,608|
|Mission expenses||326,313|79|326,392|
|Training
and|development|6,783|2,374|9,157|
|||891,772|20,205|911,978|
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|Governance|costs|||||
|---|---|---|---|---|---|
|||Unrestricted|Restricted||Total|
|||Funds|Funds|Funds|2021|
|||E||||
|Governance|Costs|6,734|||6,734|
|||6,734|||6,734|
|||Unrestricted|Restricted||Total|
|||Funds|Funds|Funds|2020|
||||||F|
|Governance|Costs|2,982|||2,982|
|||2,982|||2,982|
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||||||2021|2020|
|---|---|---|---|---|---|---|
|||||||F|
|Independent
statements||examination|and preparation|ofthe financial||2,400|
|Statutory|audit ofthe financial statements||||3,000||
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|||||2021|2020|
|---|---|---|---|---|---|
||||||F|
|Wages and salaries||||378,452|263,055|
|Social security costs||||21,940|15,201|
|Employer|contributions|to pension|plans|10,293|8,610|
|||||410,685|286,866|
|The average head count ofemployees||||during the year was as follows:||
|||||2021|2020|
|Number|ofstaff members|||25|18|
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||Land and|Fixtures and|||
|---|---|---|---|---|
||Buildings|Fittings|Equipment|Total|
||E|F|||
|Costs|||||
|At 1 January 2021|759,720|147,248|403,920|1,310,887|
|Additions|286,131|20,315|6,158|312,605|
|Revaluation|(18,000)|||(18,000)|
|At 31 December 2021|1,027,850|167,563|410,078|1,605,492|
|Depreciation|||||
|At 1 January 2021|51,313|121,837|210,223|383,374|
|Charge|25,289|13,549|66,105|104,943|
|At 31 December 2021|76,602|135,386|276,329|488,317|
|Net Book Value|||||
|At 31 December 2021|951,248|32,177|133,750|1,117,175|
|At 1 January 2021|708,407|25,411|193,696|927,514|
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|||||2021|2020|
|---|---|---|---|---|---|
||||||F|
|Trade Debtors||||11,948|5,327|
|Accrued
Income||||10,320|24,310|
|Other Debtors||||59,487|77,936|
|||||81,755|107,572|
|Creditors: amounts||falling due within one year||||
|||||2021|2020|
||||||F|
|Trade Creditors||||10,565|10,739|
|Accruals||||5,400|2,400|
|Bank borrowings|and|other loans||73,226|5,028|
|Obligations
under|finance leases and hire purchase||contracts|61,587|54,996|
|Deferred income|||||1,401|
|Other Creditors||||||
|||||150,778|74,565|
|Creditors: amounts||falling after one year||||
|||||2021|2020|
|||||f|F|
|Bank Loans||||343,653|141,570|
|Obligations
under|finance leases and hire purchase||contracts|105,977|173,504|
|||||449,630|315,074|
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|||||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||f|f|
|Bank loan|mortgage|||commitments||||||351,050|144,003|
|Obligations|under finance||||leases|and hire purchase||contracts||167,564|228,500|
|||||||||||518,614|372,504|
|The total|future||minimum||lease|payments|under|finance|leases|and
hire|purchase
con|
|follows:||||||||||||
|||||||||||2021|2020|
|||||||||||f|f|
|Not later than||1|year|||||||61,587|54,996|
|Later than|1 year and|||not|later than 5years|||||105,977|173,504|
|||||||||||167,564|228,500|
||||Month of|Carrying|
|---|---|---|---|---|
||Nominal|Monthly|final|amount as at|
||interest rate|repayment|instalment|31 Dec 21|
|||||f|
|Blackpool mortgage|6.95|1,505|Jun 2046|210,794|
|Wigan mortgage|3.75|756|Jul 2045|140,256|
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|14|Analysis ofCharitable|Funds||||||
|---|---|---|---|---|---|---|---|
||Unrestricted
Funds|||||||
|||1 Jan 21|Income|Expenditure|Transfers|Gains/Losses
F|31Dec 21
f|
||Unrestricted|||||||
||General|253,441|1,036,418|(1,006,751)|(195,915)||87,193|
||Revaluation
Reserve|350,000||||(18,000)||
|||603,441|1,036,418|(1,006,751)|(195,915)|(18,000)|419,193|
||Designated
Funds|||||||
||Projects, Missions and
Events|16,282||(24,868)|38,348||29,762|
||Fixed Asset Reserve||||200,732||200,732|
|||16,282||(24,868)|239,080||230,494|
||Total Unrestricted|619,723|1,036,418|(1,031,619)|43,165|(18,000)|649,687|
||Restricted
Funds|||||||
||Awards
For AII|7,548||(5,067)|1,808||4,289|
||All Churches
Trust|16,719|7,750|(5,206)|(14,085)||5,178|
||Blackpool Building|9,856||(4,676)|(5,180)|||
||Community
Grocery|10,100|7,627|(17,727)|56||56|
||Rank Foundation||25,000|(25,000)||||
||Garfield Weston||10,000|(8,380)|(1,620)|||
||Sydney and Sheila
McGhee Charitable||7,500|(4,418)|350||3,432|
||Bolton CVS Summer
Holiday Activities||14,910|(14,641)|201||. 470|
||Other small|42,956|7,200|(17,345)|(24,695)||8,116|
||Total|87,179|79,987|(102,460)|(43,165)||21,541|
||Total Funds|||||||
||Total|706,902|1,116,405|(1,134,079)||(18,000)|671,228|
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|ar Ended
tes to the|31stDece
Financial|mber 2021
Statements||||||
|---|---|---|---|---|---|---|---|
|Unrestricted|Funds|||||||
|||1 Jan 20|Income|Expenditure|Transfers|Gains/Losses|31 Dec 20|
||||||F|F||
|Unrestricted||||||||
|General||271,010|866,788|(884,357)|||253,441|
|Revaluation|Reserve|350,000|||||350,000|
|||621,010|866,788|(884,357)|||603,441|
|Designated|Funds|||||||
|Projects, Missions and
Events||10,617|16,062|(10,397)|||16,282|
|Fixed Asset|Reserve|||||||
|||10,617|16,062|(10,397)|||16,282|
|Total Unrestricted||631,627|882,850|(894,754)|||619,723|
|Restricted|Funds|||||||
|Awards For|All||9,665|(2,117)|||7,548|
|All Churches|Trust||25,000|(8,281)|||16,719|
|Blackpool Building|||10,000|(145)|||9,855|
|Community|Grocery||10,100||||10,100|
|Other small
funds|immaterial|39,514|13,105|(9,662)|||42,957|
|Total||39,514|67,870|(20,205)|||87,179|
|Total Funds||||||||
|Total||671,141|950,720|(914,959)|||706,902|
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||||Unrestricted|Restricted|Total Funds|
|---|---|---|---|---|---|
||||Funds|Funds|2021|
||||E|||
|Fixed Assets|||1,117,175||1,117,175|
|Current Assets|||132,920|21,541|154,461|
|Creditors less than|1|year|(150,778)||(150,778)|
|Creditors greater than||1 year|(449,630)||(449,630)|
||||649,687|21,541|671,228|
||||Unrestricted|Restricted|Total Funds|
||||Funds|Funds|2020|
||||F|F|f|
|Fixed Assets|||927,514||927,514|
|Current Assets|||81,847|87,179|169,027|
|Creditors less than|1|year|(74,565)||(74,565)|
|Creditors greater than||1 year|(315,074)||(315,074)|
||||619,723|87,179|706,902|
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|2021|2020|
|---|---|
|15,945|12,134|
||||2021|
|---|---|---|---|
|No later than||1 year|283,461|
|Later than|1|year but less than 5years|1,143,724|
|Later than|5|years|3,390,467|
||||4,817,652|
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|||||||2020||
|---|---|---|---|---|---|---|---|
||||||Unrestricted|Restricted|Total|
||||||Funds|Funds|Funds|
|||||||F|f|
|Income||||||||
|Donations
and legacies|||||758,656|67,870|826,526|
|Charitable
activities|||||8,667||8,667|
|Trading
activities|||||115,526||115,526|
|Other income||||||||
|Total Income|||||882,850|67,870|950,720|
|Expenditure||||||||
|Expenditure|on charitable||activities||891,772|20,205|911,977|
|Governance|costs||||2,982||2,982|
|Total Expenditure|||||894,754|20,205|914,959|
|Net income|I(expenditure)||||(11,904)|47,665|35,761|
|Net income|and net movement|||in funds||||
|Total funds|brought|forward|||631,627|39,514|671,141|
|Transfers||||||||
|Total funds|carried|forward|||619,723|87,179|706,902|