| Page | |||
|---|---|---|---|
| Report ofthe Trustees | 1 | to | 8 |
| Independent Examiner's Report |
|||
| Statement ofFinancial Activities | 10 | ||
| Balance Sheet | 11 | to | 12 |
| Cash Flow Statement | 13 | ||
| Notes to the Cash Flow Statement | 14 | ||
| Notes to the Financial Statements | 15 | to | 23 |
| Detailed Statement ofFinancial Activities | 24 | to | 25 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| funds | funds | funds | funds | |||
| Notes | ||||||
| INCOME AND ENDOWMENTS FROM | ||||||
| Donations and legacies |
444,806 | 20,746 | 465,552 | 643,929 | ||
| Charitable activities |
||||||
| Church Activities | 160 | 260 | 420 | 12,183 | ||
| Investment income |
1,549 | 25 | 1,574 | 603 | ||
| Other income | 1,300 | 1,300 | ||||
| Total | 447,815 | 21,031 | 468,846 | 656,715 | ||
| EXPENDITURE ON | ||||||
| Charitable activities |
||||||
| Church Activities | 429,634 | 8,800 | 438,434 | 504,457 | ||
| NET INCOME/(EXPENDITURE) | 18,181 | 12,231 | 30,412 | 152,258 | ||
| Transfers between funds | 17 | ~4 371 | 4371 | |||
| Net movement in funds |
13,810 | 16,602 | 30,412 | 152,258 | ||
| RECONCILIATION | OF FUNDS | |||||
| Total funds brought | forward | 831,924 | 48,593 | 880,517 | 728,259 | |
| TOTAL FUNDS CARRIED FORWARD | 845,734 | 65,195 | 910929 | 880517 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| Notes | funds 8 |
funds 8 |
funds | fundsf | |
| FIXEDASSETS | |||||
| Tangible assets | 11 | 1,549,398 | 1,549,398 | 1,546,724 | |
| CURRENT ASSETS | |||||
| Debtors | 12 | 80,589 | 15,438 | 96,027 | 99,042 |
| Cash at bank and in hand | 110269 | 49,757 | 160026 | 158389 | |
| 190,858 | 65,195 | 256,053 | 257,431 | ||
| CREDITORS | |||||
| Amounts falling due within one year |
13 | (74,735) | (74,735) | (71,296) | |
| NET CURRENT ASSETS | 116123 | 65,195 | 181318 | 186 135 | |
| TOTAL ASSETSLESSCURRENT | |||||
| LIABILITIES | 1,665,521 | 65,195 | 1,730,716 | 1,732,859 | |
| CREDITORS | |||||
| Amounts falling due after more than one year |
14 | (819,787) | (819,787) | (852,342) | |
| NET ASSETS | 845,734 | 65 195 | 910,929 | 880517 | |
| FUNDS | 17 | ||||
| Unrestricted funds |
845,734 | 831,924 | |||
| Restricted funds | 65 195 | 48,593 | |||
| TOTAL FUNDS | 910,929 | 880,517 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Notes | ||||||
| Cash flows from operating | activities | |||||
| Cash generated from operations |
65,396 | 158,923 | ||||
| Interest paid | ~21 969 | ~27 923 | ||||
| Net cash provided by operating activities |
43,427 | 131,000 | ||||
| Cash flows from investing | activities | |||||
| Purchase oftangible fixed | assets | (14,944) | (304,827) | |||
| Sale oftangible fixed assets |
1,300 | |||||
| Interest received | 326 | 603 | ||||
| Net cash used in investing | activities | 13,318 | ~304224) | |||
| Cash flows from financing | activities | |||||
| Loan repayments in year |
28 472 | 24,482 | ||||
| Net cash used in financing | activities | ~28472) | ~24,482) | |||
| Change in cash and cash | equivalents | in | ||||
| the reporting period |
1,637 | (197,706) | ||||
| Cash and cash equivalents | at the | |||||
| beginning ofthe reporting |
period | 158,389 | 356 095 | |||
| Cash and cash equivalents | at the end | of | ||||
| the reporting period |
160,026 | 158389 |
| RECONCILIATION | RECONCILIATION | RECONCILIATION | OFNET INCOME TO NET CASH FLOW FROM | OFNET INCOME TO NET CASH FLOW FROM | OFNET INCOME TO NET CASH FLOW FROM | OPERATING | |
|---|---|---|---|---|---|---|---|
| ACTIVITIES | |||||||
| 2021 | 2020 | ||||||
| Net income | for the | reporting | period (as per the Statement ofFinancial | ||||
| Activities) | 30,412 | 152,258 | |||||
| Adjustments | for: | ||||||
| Depreciation | charges | 12,270 | 5,623 | ||||
| (Profit)/loss | on disposal | offixed assets | (1,300) | 956 | |||
| Interest received | (326) | (603) | |||||
| Interest paid | 21,969 | 27,923 | |||||
| Decrease in debtors Increase/(decrease) |
in creditors | 3,015 ~644 |
28,845 ~56,079 |
||||
| Net cash provided | by | operations | 65,396 | 158,923 | |||
| ANALYSIS | OF CHANGES | IN NET DEBT | |||||
| At 1.4.20 | Cash flow | At 31.3.21 | |||||
| Net cash | |||||||
| Cash at bank | and in | hand | ~158389 | 1,637 | 160,026 | ||
| ~158389 | I 637 | 160,026 | |||||
| Debt | |||||||
| Debts falling | due within | 1 year | (21,624) | (4,083) | (25,707) | ||
| Debts falling | due atter | 1 | year | ~852,342 | 32,555 | ~819,787 | |
| ~873,966 | 28,472 | ~845,494 | |||||
| Total | ~715577 | 30 109 | ~685,468 |
| period ofthe lea | se. | |||||
|---|---|---|---|---|---|---|
| DONATIONS | AND LEGACIES | |||||
| 2021 | 2020 | |||||
| Gift aided giving | 298,822 | 381,655 | ||||
| Gifts, tithes &offerings | 89,605 | 160,625 | ||||
| Gift aid | 77,125 | 94,281 | ||||
| Legacies | 7368 | |||||
| 465 552 | 643 929 | |||||
| 3. | INVESTMENT | INCOME | ||||
| 2021 | 2020 | |||||
| Rents received | 1,248 | |||||
| Deposit account | interest | 326 | 603 | |||
| 1 574 | 603 | |||||
| 4. | INCOME FROM CHARITABLE ACTIVITIES | |||||
| 2021 | 2020 | |||||
| Activity | ||||||
| Church activities | Church Activities | 420 | 12,183 | |||
| 5. | CHARITABLE | ACTIVITIES COSTS | ||||
| Grant | ||||||
| funding of | ||||||
| activities | Support | |||||
| Direct | (see note | costs (see | ||||
| Costs | 6) | note 7) | Totals | |||
| Church Activities | 361,475 | ~47 201 | 29,758 | 438,434 |
| 6. | GRANTS | PAYABLE | |||||
|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||
| Church Activities | 47,201 | 45,940 | |||||
| Grants made to institutions | and individuals | for the furtherance | ofthe Charity's | objects were: | |||
| Institutions | |||||||
| Compassion | 8,500 | ||||||
| Commission | - General | 13,000 | |||||
| Commission | Apostolic Trust | 7,000 | |||||
| Pregnancy | Options Centre, | Chichester | 1,200 | ||||
| John 3:16(Adrian Holloway) | 500 | ||||||
| Christians Against Poverty |
780 | ||||||
| Clarendon Trust |
1,000 | ||||||
| StWit&id's | Hospice | 500 | |||||
| Heart | 1,000 | ||||||
| Food Bank | 1,000 | ||||||
| Other | 650 | ||||||
| 33130 | |||||||
| Individuals | 12,071 | ||||||
| 7. | SUPPORT | COSTS | |||||
| Governance | |||||||
| Finance | costs | Totals | |||||
| Church Activities | 22,600 | 7,158 | ~29758 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| Independent | examination fees |
3,120 | 3,000 | |
| Depreciation | - | owned assets | 12,270 | 5,622 |
| Surplus/(deficit) | on disposal offixed assets | (1,300) | 956 |
| 10. | STAFF COSTS | ||||||
|---|---|---|---|---|---|---|---|
| 2021I | 2020 | ||||||
| Wages and salaries | 226,491 | 189,153 | |||||
| Social security costs | 12,124 | 13,968 | |||||
| Other pension costs | 15,529 | 13,127 | |||||
| 254 144 | 216248 | ||||||
| The average monthly | number ofemployees | during the year was as follows: | |||||
| 2021 | 2020 | ||||||
| Charitable activities |
8 | 5 | |||||
| No employees received emoluments |
in excess off60,000. | ||||||
| 11. | TANGIBLE FIXED | ASSETS | |||||
| Freehold | Plant and | Motor | Computer | ||||
| property | machinery | vehicles | equipment | Totals | |||
| COST | |||||||
| At 1stApril 2020 | 1,532,356 | 7,535 | 5,150 | 24,301 | 1,569,342 | ||
| Additions Disposals |
2,568 | 12,376 | 14,944 ~2,400) |
||||
| At 31stMarch 2021 | 1,532,356 | 10,103 | 2,750 | 36,677 | 1 581,886 | ||
| DEPRECIATION | |||||||
| At 1st April 2020 | 1,507 | 4,050 | 17,061 | 22,618 | |||
| Charge for year Eliminated on disposal |
5,903 | 1,849 | 550 ~2.400 |
3,968 | 12,270 ~2,400 |
||
| At 31stMarch 2021 | 5,903 | 3356 | 2200 | 21 029 | 32488 | ||
| NET BOOKVALUE | |||||||
| At 31stMarch 2021 | 1,526,453 | 6,747 | 550 | 15,648 | 1,549,398 | ||
| At 31stMarch 2020 | 1 | 532356 | 6028 | 1 100 | 7240 | 1,546,724 | |
| 12. | DEBTORS:AMOUNTS FALLING DUE | WITHIN ONE YEAR | |||||
| 2021 | 2020 | ||||||
| Other debtors | 81,910 | 99,042 | |||||
| Prepayments | 14,109 | ||||||
| 96,019 | 99,042 |
| 13. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YE | AR | |
|---|---|---|---|
| 2021 | 2020 | ||
| Bank loans snd overdrafts (see note 15) |
25,707 | 21,624 | |
| Social security and other taxes | 6,098 | 6,360 | |
| Other creditors | 40,050 | 40,432 | |
| Accruals and deferred income | 2,880 | 2,880 | |
| ~74 735 | ~71 296 | ||
| 14. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||
| 2021 | 2020 | ||
| Bank loans (see note 15) | ~819787 | 852 342 | |
| 15. | LOANS | ||
| An analysis ofthe maturity ofloans is given below: | |||
| 2021 | 2020 | ||
| f | f. | ||
| Amounts falling due within one year on demand: |
|||
| Bank loans | 25 707 | 21,624 | |
| Amounts falling between one and two years: |
|||
| Bank loans - 1-2years | ~26768 | ~22 966 | |
| Amounts falling due between two and five years: |
|||
| Bank loans - 2-5 years | 86,672 | 76,951 | |
| Amounts falling due in more than five years: |
|||
| Repayable otherwise than by instalments: |
|||
| Bank loans more 5 yrs non-inst | 706,347 | 752,425 |
| 2021 | 2020 | |
|---|---|---|
| Within one year | 1,488 | 1,488 |
| Between one and five years | 3,720 | 5,208 |
| 5,208 | 6,696 |
| MOVEMEN | T IN F | UNDS | ||||
|---|---|---|---|---|---|---|
| Net | Transfers | |||||
| movement | between | At | ||||
| At 1.4.20 | in funds | funds | 31.3.21 | |||
| f. | ||||||
| Unrestricted | funds | |||||
| General fund | 611,372 | (11,494) | (4,371) | 595,507 | ||
| Gift Day Designated | Fund | 220,392 | 29,675 | 250,067 | ||
| Youth | 160 | 160 | ||||
| 831,924 | 18,181 | (4,371) | 845,734 | |||
| Restricted funds | ||||||
| Building Fund | 24,901 | 18,040 | 42,941 | |||
| Josh G | (4,371) | 4,371 | ||||
| Syrian Family | 1,192 | 1,192 | ||||
| Hardship | 22,500 | (1,698) | 20,802 | |||
| Events | 260 | 260 | ||||
| 48,593 | 12,231 | 4371 | 65,195 | |||
| TOTAL FUNDS | 880,517 | 30,412 | 910929 | |||
| Net movement | in funds, included | in the above are as follows: | ||||
| Incoming | Resources | Movement | ||||
| resources | expended | in funds | ||||
| Unrestricted | funds | |||||
| General fund Gilt Day Designated |
Fund | 417,590 30,225 |
(429,084) ~550 |
(11,494) 29,675 |
||
| 447,815 | (429,634) | 18,181 | ||||
| Restricted funds | ||||||
| Building Fund | 18,040 | 18,040 | ||||
| Josh G | 1,029 | (5,400) | (4,371) | |||
| Hardship | 1,702 | (3,400) | (1,698) | |||
| Events | 260 | 260 | ||||
| 21,031 | ~8800 | 12,231 | ||||
| TOTAL FUNDS | 468,846 | (438,434) | 30412 |
| Net | Transfers | |||||
|---|---|---|---|---|---|---|
| movement | between | At | ||||
| At 1.4.19 | in funds | funds | 31.3.20 | |||
| f | 8 | |||||
| Unrestricted | funds | |||||
| General fund | 394,475 | (22,650) | 239,547 | 611,372 | ||
| Gift Day Designated Youth |
Fund | 131,418 350 |
100,120 240 |
(11,146) ~430) |
220,392 160 |
|
| 526,243 | 77,710 | 227,971 | 831,924 | |||
| Restricted funds | ||||||
| Building Fund | 200,291 | 79,773 | (255,163) | 24,901 | ||
| Compassion UK | 60 | (60) | ||||
| Josh G | (3,987) | 3,987 | ||||
| Syrian Family | 1,725 | (533) | 1,192 | |||
| Hardship Misson Trip |
2,500 ~3,265) |
20,000 3,265 |
22,500 | |||
| 202 016 | 74,548 | 227,971 | 48,593 | |||
| TOTALFUNDS | 728,259 | 152258 | 880,517 |
| Incoming | Resources | Movement | |||
|---|---|---|---|---|---|
| resources | expended | in funds | |||
| g | |||||
| Unrestricted | funds | ||||
| General fund | 455,141 | (477,791) | (22,650) | ||
| Gift Day Designated | Fund | 100,670 | (550) | 100,120 | |
| Youth | 240 | 240 | |||
| 556,051 | (478,341) | 77,710 | |||
| Restricted funds | |||||
| Building Fund | 85,576 | (5,803) | 79,773 | ||
| Compassion | UK | 60 | 60 | ||
| Josh G | 1,713 | (5,700) | (3,987) | ||
| Syrian Family | (533) | (533) | |||
| Hardship | 2,500 | 2,500 | |||
| Misson Trip | 10,815 | ~14080) | ~3265 | ||
| 100,664 | 26,116 | 74,548 | |||
| TOTALFUNDS | 656,715 | (504,457) | 152,258 |
| Net | Transfers | |||||
|---|---|---|---|---|---|---|
| movement | between | At | ||||
| At 1.4.19 | in funds | funds | 31.3.21 | |||
| f. | 6 | |||||
| Unrestricted | funds | |||||
| General fund | 394,475 | (34,144) | 235,176 | 595,507 | ||
| Gift Day Designated Youth |
Fund | 131,418 350 |
129,795 240 |
(11,146) ~430) |
250,067 160 |
|
| 526,243 | 95,891 | 223,600 | 845,734 | |||
| Restricted funds | ||||||
| Building Fund | 200,291 | 97,813 | (255,163) | 28,832 | ||
| Compassion UK | 60 | (60) | ||||
| Josh G | (8,358) | 8,358 | ||||
| Syrian Family | 1,725 | (533) | 1,192 | |||
| Hardship | 802 | 20,000 | 20,802 | |||
| Misson Trip | (3,265) | 3,265 | ||||
| Events | 260 | 260 | ||||
| 202 016 | 86 779 | 223 600 | 65 195 | |||
| TOTAL FUNDS | 728,259 | 182,670 | ~910929 |
| Incoming | Resources | Movement | |||
|---|---|---|---|---|---|
| resources | expended | in funds | |||
| 6 | |||||
| Unrestricted | funds | ||||
| General fund | 872,731 | (906,875) | (34,144) | ||
| Gift Day Designated | Fund | 130,895 | (1,100) | 129,795 | |
| Youth | 240 | 240 | |||
| 1,003,866 | (907,975) | 95,891 | |||
| Restricted funds | |||||
| Building Fund | 103,616 | (5,803) | 97,813 | ||
| Compassion | UK | 60 | 60 | ||
| Josh G | 2,742 | (11,100) | (8,358) | ||
| Syrian Family | (533) | (533) | |||
| Hardship | 4,202 | (3,400) | 802 | ||
| Misson Trip | 10,815 | (14,080) | (3,265) | ||
| Events | 260 | 260 | |||
| 121,695 | ~34,916 | 86,779 | |||
| TOTAL FUNDS | 1,125,561 | (942,891) | 182,670 |
| Restricte | d funds | d funds | ||||
|---|---|---|---|---|---|---|
| Building | fund | :giving for the building and venue needs ofGrace Church |
||||
| Compassion | UK | :giving for Child Dependency Unit, Philippines |
||||
| Josh G | :collection and sending offunds | to support Josh Garraway | in Turkey | |||
| Syrian Family | :fund set up to enable the church | typ purchase | required goods to help settle a | |||
| refugee family in Chichester. | ||||||
| Hardship | :giving to support others through | the Covid-19 | crisis. | |||
| Events | :money trom charging members |
for attending | events; to be | used as the need arises. |
| 2021 | 2020 | ||
|---|---|---|---|
| INCOME AND ENDOWMENTS | |||
| Donations and legacies |
|||
| Gift aided giving | 298,822 | 381,655 | |
| Gifts, tithes &offerings | 89,605 | 160,625 | |
| Gift aid | 77,125 | 94,281 | |
| Legacies | ~7368 | ||
| 465,552 | 643,929 | ||
| Investment income |
|||
| Rents received | 1,248 | ||
| Deposit account interest | 326 | 603 | |
| 1,574 | 603 | ||
| Charitable activities |
|||
| Church activities | 420 | 12,183 | |
| Other income | |||
| Gain on sale oftangible | fixed assets | 1,300 | |
| Total incoming resources | 468,846 | 656,715 | |
| EXPENDITURE | |||
| Charitable activities |
|||
| Wages | 226,491 | 189,153 | |
| Social security | 11,069 | 13,968 | |
| Pensions | 15,529 | 13,127 | |
| Light and heat | 6,622 | 6,612 | |
| Telephone | 3,739 | 2,795 | |
| Advertising | 2,361 | 7,810 | |
| Sundries | 4,414 | 3,196 | |
| Activities &events | 6,239 | 18,420 | |
| Conferences &training | 5,415 | 16,134 | |
| Equipment costs |
16,352 | 17,335 | |
| Leadership team Printing, postage &stationary Rent, rates &service charges |
1,957 3,513 10,209 |
3,062 5,858 55,793 |
|
| Repairs &maintenance | 29,691 | 19,679 | |
| Running costs |
608 | 1,914 | |
| Sundry payroll costs | 203 | 671 | |
| The youth &children | 3,787 | 19,426 | |
| Travel &subsistence | 905 | 20,913 | |
| Worship team | 110 | 527 | |
| Freehold pmperty | 5,903 | ||
| Plant and machinery | 1,849 | 1,507 | |
| Carried forward | 358,021 | 417,900 |
| 2021 | 2020 | |||
|---|---|---|---|---|
| E | ||||
| Charitable activities |
||||
| Brought forward | 358,021 | 417,900 | ||
| Motor vehicles | 550 | 550 | ||
| Computer equipment |
3,968 | 3,566 | ||
| Loss on sale oftangible fixed assets | 956 | |||
| Grants to institutions | 35,130 | 37,857 | ||
| Grants to individuals | 12071 | ~8083 | ||
| 408,676 | 468,912 | |||
| Support costs | ||||
| Finance | ||||
| Bank charges | 631 | 919 | ||
| Bank loan charges and interest | 21,969 | 27,923 | ||
| 22,600 | 28,842 | |||
| Governance | costs | |||
| Independent | examination | fees | 3,120 | 3,000 |
| Insurance | 3,985 | 3,690 | ||
| Professional | fees | 53 | 13 | |
| 7,158 | ~6703 | |||
| Total resources | expended | 438434 | 504,457 | |
| Net income | 30,412 | 152,258 |