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2022-12-31-accounts

Page
Legal and Administrative Information
Trustees'
Annual
Report
Independent
Auditor's		 Report
Statement
of Financial		 Activities 13
Statement
of Financial		 Position 14
Cash Flow Statement 15
Notes to the Financial Statements 16

The Trust ees and Directors
Antony Bladen
Andrew
Dougherty
Christopher
Jones		 Resigned 18/01/2022
lan Scholes
Derek Smith
Penny Clarke Appointed 24/06/2022
Philip Denney Appointed 01/01/2023
Rachel Eden Appointed 01/01/2023
Rebekah Fisher Appointed 01/01/2023
Senior Pastors Derek &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
Manchester
Road
Burnley, BB111JG
Solicitors Aughton
Ainsworth
2 Merchants
Quay
Salford, M50 3XR

2022 2021
Unrestricted Restricted
funds funds Total funds Total funds
Note E
Income
Donations
and legacies		 780,071 53,659 833,730 934,570
Charitable
activities		 90,031 18 90,049 7,343
Trading
activities		 195,989 195,989 174,492
Transfer of charitable activities and net assets 324,562 324,562
Total income 1,390,653 53,677 1,444,330 1,116,405
Expenditure
Expenditure on charitable activities 1,210,746 24,581 1,235,327 1,127,345
Governance costs 8,414 8,414 6,734
Total expenditure 1,219,160 24,581 1,243,741 1,134,079
Net income
/ (expenditure)
gains /(losses)		 before 171,493 29,096 200,589 (17,674)
Gain/(loss)
on
revaluation/disposal		 of property (5,251) (5,251) (18,000)
Net income / (expenditure) 166,242 29,096 195,338 (35,674)
Net income and net movement in funds
Total funds brought forward 649,687 21,541 671,228 706,902
Transfers 6,527 (6,527)
Total funds carried forward 14 822,456 44,110 866,566 671,228

2022 2021
Note f f
Fixed assets
Tangible assets 9 1,124,777 1,117,175
1,124,777 1,117,175
Current assets
Debtors 10 79,619 81,755
Cash at bank and
in		 hand 66,797 72,706
146,416 154,461
Creditors: amounts falling due within one year 11 116,012 150,778
Net current assets 30,404 3,683
Creditors: amounts falling after one year 288,615 449,630
Net assets 15 866,566 671,228
Funds ofthe charity
Restricted
funds		 14 44,110 21,541
Unrestricted
funds		 14
Unrestricted General 10,926 87,193
Revaluation Reserve 332,000
Designated funds 811,530 230,494
822,456 649,687
Total charity funds 866,566 671,228

2022 2021
f
Cash flows from operating
activities:
Net cash provided
by (used in) operating		 activities (25,468) 114,512
(25,468) 114,512
Cash flows from investing
activities:
Dividends
and interest
Inflow as part of the net assets transfer from Pendlebury Evangelical Church 10,713
Purchase of tangible
fixed assets		 (79,961) (312,605)
Net proceeds from sale of property 326,749
Net cash provided
by (used in) investing		 activities 257,501 (312,605)
Cash flows from financing
activities:
Repayments
on borrowing		 (237,943) (57,449)
Cash inflows from new borrowing 266,794
Net cash provided
by (used
in) financing		 activities (237,943) 209,344
Change
in cash and cash equivalents
in		 the reporting period (5,910) 11,252
Cash and cash equivalents
at the beginning		 ofthe reporting period 72,707 61,455
Cash and cash equivalents
at the end		 of the reporting period 66,797 72,707
Reconciliation
of net movement
ln funds		 to net cash flow from operating activities
2022 2021
E
Net movement
in funds for the reporting
statement
offinancial
activities)		 period (as per the 200,589 (17,674)
Adjustments
for:
Depreciation
charges		 105,463 104,943
Transfer ofcharitable
activities
and net assets		 (324,562)
Gain/(loss)
on revaluation/disposal
of property		 (5,251)
(Increase)
/ decrease
in debtors		 2,136 25,818
Increase
/ (decrease)
in creditors		 (3,843) 1,425
Net cash provided
by (used in) operating		 activities (25,468) 114,512
Analysis ofcash and cash equivalents
2022 2021
Cash at bank 66,797 72,706
Total cash and cash equivalents 66,797 72,706

Analysis o fincome
Unrestricted Restricted Total
Funds Funds Funds 2022
Donations and legacies
Donations 664,703 569 665,272
Gift aid 114,771 114,771
Grants 597 53,090 53,687
780,071 53,659 833,730
Charitable activities
Hospitality and cafe income 2,779 2,779
Events and activities income 79,445 18 79,463
Courses and training 7,807 7,807
90,031 18 90,049
Trading activities
Rental income 65,406 65,406
Room hire 130,583 130,583
195,989 195,989
Transfer ofcharitable activities and net assets
Transfer of assets 324,562 324,562
324,562 324,562
Total income 1,390,653 53,677 1,444,330

tes to the Financ ial Stateme ial Stateme nts
Analysis ofincome (comparative period)
Unrestricted Restricted Total
Funds Funds Funds 2021
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
Transfer ofcharitable activities and net assets
Transfer ofcharitable activities and net assets
Total Income 1,036,418 79,987 1,116,405

Unrestricted Restricted Total
Funds Funds Funds 2022
E
Premises costs 536,197 275 536,472
Administration costs 160,596 160,596
Mission expenses 503,126 22,938 526,064
Training and development 10,827 1,368 12,195
1,210,746 24,581 1,235,327
Unrestricted Restricted Total
Funds Funds Funds 2021
E
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 5,3&3
1,024,885 102,460 1,127,345

Governance costs
Unrestricted Restricted Total
Funds Funds Funds 2022
Governance costs 8,414 8,414
8,414 8,414
Unrestricted Restricted Total
Funds Funds Funds 2021
E f
Governance costs 6;734 6,734
6,734 6,734

2022 2021
f E
Statutory audit ofthe financial statements 3,600 3,000

2022 2021
Wages and salaries 373,063 378,452
Social security costs 20,705 21,940
Employer
contributions		 to pension plans 10,193 10,293
403,961 410,685
2022 2021
Number of staff members 24 25

Leasehold
Land and Improve- Fixtures and
Buildings ments Fittings Equipment Total
'Z F
Costs
At 1 January 2022 645,038 382,812 167,563 410,078 1,605,491
Additions 365,105 77,738 875 1,348 445,066
Disposal (332,000) (332,000)
Revaluation
At 31 December 2022 678,143 460,550 168,438 411,426 1,718,557
Depreciation
At 1 January 2022 76,602 135,386 276,329 488,317
Charge 25,253 13,768 66,442 105,463
At 31 December 2022 101,855 149,154 342,771 593,780
Net Book Value
At 31 December 2022 678,143 358,695 19,284 68,655 1,124,777
At 1 January 2022 645,038 306,210 32,177 133,750 1,117,175

2022 2021
F E
Trade debtors 21,937 11,948
Accrued income 7,486 10,320
Other debtors 50,196 59,487
79,619 81,755

2022 2021
f E
Trade creditors 7,422 10,565
Accruals 4,700 5,400
Bank overdrafts, loans and credit cards 37,187 73,226
Other tax and social securities 5,151
Obligations under finance leases and hire purchase contracts 61,552 61,587
116,012 150,778
Creditors: amounts falling after one year
2022 2021
Bank loans 244,260 343,653
Obligations under finance leases and hire purchase contracts 44,355 105,977
288,615 449,630

2022 2021
E
Bank loan mortgage commitments 250,057 351,050
Obligations under finance leases and hire purchase contracts 105,942 167,564
355,999 518,614
2022 2021
f.
Not later than 1 year 61,587 61,587
Later than 1 year and not later than 5years 44,355 105,977
105,942 167,564
Month of Carrying
Nominal Monthly final amount as at
interest rate repayment instalment 31 Dec 22
Blackpool mortgage 6.95 1,505 Jun 2046 204,669
Salford mortgage 3.75 439 Aug 2037 45,388

Analysis of Charitable
 Funds
Unrestricted
Funds
1 Jan 22 Income Expenditure Transfers Gains/Losses 31 Dec 22
E E E f.
Unrestricted
General 87,193 1,390,653 (1,127,956) (333,713) (5,251) 10,926
Revaluation
reserve		 332,000 (332,000)
419,193 1,390,653 (1,127,956) (665,713) (5,251) 10,926
Designated
Funds
Projects, Missions and
Events		 29,762 (91,204) 104,194 42,752
Fixed asset reserve 200,732 568,046 768,778
230,494 (91,204) 672,240 811,530
Total unrestricted 649,687 1,390,653 (1,219,160) 6,527 (5,251) 822,456
Restricted funds
Awards
For All		 4,289 (4,289)
All Churches
Trust		 5,178 (5,178)
Blackpool Building
Community
Grocery		 56 18,180 (18,236)
Rank Foundation
Garfield Weston
Sydney and Sheila
McGhee Charitable		 3,432 15,000 (14,924) 3,508
Bolton CVS Summer
Holiday Activities		 470 (166) 304
Calm Before the Storm 1,000 (1,000)
CAP Life Skills 13,348 (4,031) 9,317
Household
Support
Fund Grant		 1,000 1,000
SFD Winter Welcome 2,000 (1,150) 850
Other small immaterial
funds		 8,116 3,149 24,393 (6,527) 29,131
Total 21,541 53,677 (24,581) (6,527) 44,110
Total 671,228 1,444,330 (1,243,741) (5,251) 866,566

Unrestricted funds
1 Jan 21 Income Expenditure Transfers Gains/Losses 31 Dec 21
E F E
Unrestricted
General 253,441 1,036,418 (1,006,751) (195,915) 87,193
Revaluation reserve 350,000 (18,000) 332,000
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		 All 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

Unrestricted Restricted Total Funds Total Funds
Funds Funds 2022
f f
Fixed assets 1,124,777 1,124,777
Current assets 102,306 44,110 146,416
Creditors less than 1 year (116,012) (116,012)
Creditors greater than 1 year (288,615) (288,615)
822,456 44,110 866,566
Unrestricted Restricted Total Funds
Funds Funds 2021
f f f
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
Related party transactions
There were a number of related party transactions which took place during the year.
lan Scholes
is		 a trustee of Kings People's Church and
a director		 of Spacious Place. Sp
provides
the charity		 with phone line services. The total expenditure incurred during
the year
(2021:f1,842).
Derek
Smith		 is a trustee of Kings People's Church.
During		 the financial year the
chari
Georgina
Smith,		 Derek's spouse. The total remuneration
received		 including
employer's
Nation
and employer's pension is as follows:
2022 2021
f f
G eo rgin a Smith 25,722 15,945

2022 2021
No later than 1 year 276,078 283,461
Later than 1 year but less than 5 years 1,029,364 1,143,724
Later than 5 years 3,066,646 3,390,467
4,372,088 4,817,652

Prior Year Stateme nt of Fi nanc ial
Activities
2021
Unrestricted Restricted Total
Funds Funds Funds
Income
Donations
and legacies		 854,583 79,987 934,570
Charitable
activities		 7,343 7,343
Trading
activities		 174,492 174,492
Total Income 1,036,418 79,987 1,116,405
Expenditure
Expenditure on charitable activities 1,024,885 102,460 1,127,345
Governance costs 6,734 6,734
Total Expenditure 1,031,619 102,460 1,134,079
Net income
/(losses)		 / (expenditure) before gains 4,799 (22,473) (17,674)
Gain/(loss) on revaluation of property (18,000) (18,000)
Net income / (expenditure) (13,201) (22,473) (35,674)
Net income and net movement in funds
Total funds brought forward 619,723 87,179 706,902
Transfers 43,165 (43,165)
Total funds carried forward 649,687 21,541 671,228