#
##
##
##
|||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|