|||Page||
|---|---|---|---|
|Report ofthe Trustees|1|to|8|
|Independent<br>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|





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||||||2021|2020|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||funds|funds|funds|funds|
|||Notes|||||
|INCOME AND ENDOWMENTS FROM|||||||
|Donations<br>and legacies|||444,806|20,746|465,552|643,929|
|Charitable<br>activities|||||||
|Church Activities|||160|260|420|12,183|
|Investment<br>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<br>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<br>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|





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|||||2021|2020|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
||Notes|funds<br>8|funds<br>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<br>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<br>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<br>funds||||845,734|831,924|
|Restricted funds||||65 195|48,593|
|TOTAL FUNDS||||910,929|880,517|





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||||||2021|2020|
|---|---|---|---|---|---|---|
|||||Notes|||
|Cash flows from operating||activities|||||
|Cash generated<br>from operations|||||65,396|158,923|
|Interest paid|||||~21 969|~27 923|
|Net cash provided by operating<br>activities|||||43,427|131,000|
|Cash flows from investing||activities|||||
|Purchase oftangible fixed|assets||||(14,944)|(304,827)|
|Sale oftangible<br>fixed assets|||||1,300||
|Interest received|||||326|603|
|Net cash used in investing|activities||||13,318|~304224)|
|Cash flows from financing||activities|||||
|Loan repayments<br>in year|||||28 472|24,482|
|Net cash used in financing||activities|||~28472)|~24,482)|
|Change in cash and cash|equivalents||in||||
|the reporting<br>period|||||1,637|(197,706)|
|Cash and cash equivalents||at the|||||
|beginning<br>ofthe reporting||period|||158,389|356 095|
|Cash and cash equivalents||at the end|of||||
|the reporting<br>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<br>Increase/(decrease)||in creditors||||3,015<br>~644|28,845<br>~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|



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||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<br>Against Poverty||||||780|
||Clarendon<br>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<br>fees||3,120|3,000|
|Depreciation|-|owned assets|12,270|5,622|
|Surplus/(deficit)||on disposal offixed assets|(1,300)|956|



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|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<br>activities|||||8|5|
||No employees<br>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<br>Disposals|||2,568||12,376|14,944<br>~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<br>Eliminated<br>on disposal||5,903|1,849|550<br>~2.400|3,968|12,270<br>~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<br>(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<br>falling due within one year on demand:|||
||Bank loans|25 707|21,624|
||Amounts<br>falling between one and two years:|||
||Bank loans - 1-2years|~26768|~22 966|
||Amounts<br>falling due between two and five years:|||
||Bank loans - 2-5 years|86,672|76,951|
||Amounts<br>falling due in more than five years:|||
||Repayable<br>otherwise<br>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<br>Gilt Day Designated||Fund||417,590<br>30,225|(429,084)<br>~550|(11,494)<br>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|





## 

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|||||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<br>Youth||Fund|131,418<br>350|100,120<br>240|(11,146)<br>~430)|220,392<br>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<br>Misson Trip||||2,500<br>~3,265)|20,000<br>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|





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|||||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<br>Youth||Fund|131,418<br>350|129,795<br>240|(11,146)<br>~430)|250,067<br>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|





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|Restricte|d funds|d funds|||||
|---|---|---|---|---|---|---|
|Building|fund||:giving for the building<br>and venue needs ofGrace Church||||
|Compassion||UK|:giving for Child Dependency<br>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<br>members|for attending|events; to be|used as the need arises.|



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|||2021|2020|
|---|---|---|---|
|INCOME AND ENDOWMENTS||||
|Donations<br>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<br>income||||
|Rents received||1,248||
|Deposit account interest||326|603|
|||1,574|603|
|Charitable<br>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<br>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<br>costs||16,352|17,335|
|Leadership<br>team<br>Printing,<br>postage &stationary<br>Rent, rates &service charges||1,957<br>3,513<br>10,209|3,062<br>5,858<br>55,793|
|Repairs &maintenance||29,691|19,679|
|Running<br>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|





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||||2021|2020|
|---|---|---|---|---|
|||||E|
|Charitable<br>activities|||||
|Brought forward|||358,021|417,900|
|Motor vehicles|||550|550|
|Computer<br>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|