| Page | |||
|---|---|---|---|
| Report ofthe Trustees | 1 | to | 7 |
| Independent Examiner's Report |
|||
| Statement ofFinancial Activities | |||
| Balance Sheet | 10 | to | 11 |
| Cash Flow Statement | 12 | ||
| Notes to the Cash Flow Statement | 13 | ||
| Notes to the Financial Statements | 14 | to | 22 |
| Detailed Statement ofFinancial Activities | 23 | to | 24 |
| David Thomspon | David Thomspon | Lead Elder/Trustee | - Left 1st September 2021 |
|---|---|---|---|
| Joseph | Leach | Elder —Appointed | Lead Elder 1st September 2021 |
| Stephen | Blaber | Elder - Retired 31 | March 2022 |
| Johnny | Holder | Elder | |
| Anthony | Dark | Elder - Appointed | 1stJanuary 2022 |
| Simon Taylor | Operations Manager |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| funds | funds | funds | funds | |||
| Notes | ||||||
| INCOME AND ENDOWMENTS FROM | ||||||
| Donations and legacies |
482,356 | 13,533 | 495,889 | 465,552 | ||
| Charitable activities |
||||||
| Church Activities | 1,597 | 9,160 | 10,757 | 420 | ||
| Investment income |
414 | 415 | 1,574 | |||
| Other income | 1,300 | |||||
| Total | 484,367 | 22,694 | 507,061 | 468,846 | ||
| EXPENDITURE ON | ||||||
| Charitable activities |
||||||
| Church Activities | 471,612 | 16,086 | 487,698 | 438,434 | ||
| NKT INCOME | 12,755 | 6,608 | 19,363 | 30,412 | ||
| Transfers between funds | 17 | 66,885 | ~66,885) | |||
| Net movement in funds |
79,640 | (60,277) | 19,363 | 30,412 | ||
| RECONCILIATION | OF FUNDS | |||||
| Total funds brought | forward | 845,734 | 65,195 | 910,929 | 880,517 | |
| TOTAL FUNDS CARRIED FORWARD | 925,374 | 4,918 | 930,292 | 910,929 |
| 2022 | 2021 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | funds | funds | ||
| Notes | |||||
| FIXEDASSETS | |||||
| Tangible assets | 11 | 1,606,396 | 1,606,396 | 1,549,398 | |
| CURRENT ASSETS | |||||
| Debtors | 12 | 86,516 | 1,354 | 87,870 | 96,027 |
| Cash at bank and in hand | 102,962 | 3,564 | 106,526 | 160,026 | |
| 189,478 | 4,918 | 194,396 | 256,053 | ||
| CREDITORS | |||||
| Amounts falling due within one year |
13 | (68,993) | (68,993) | (74,735) | |
| NKT CURRENT ASSETS | 120,485 | 4,918 | 125,403 | 181,318 | |
| TOTAL ASSETSLESSCURRENT | |||||
| LIABILITIES | 1,726,881 | 4,918 | 1,731,799 | 1,730,716 | |
| CREDITORS | |||||
| Amounts faHing due after more than one year |
14 | (801,507) | (801,507) | (819,787) | |
| NET ASSETS | 925,374 | 4,918 | 930,292 | 910,929 | |
| FUNDS | 17 | ||||
| Unrestricted funds |
925,374 | 845,734 | |||
| Restricted funds | 4,918 | 65,195 | |||
| TOTAL FUNDS | 930,292 | 910,929 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| Notes | ||||||
| Cash flows from operating | activities | |||||
| Cash generated from operations |
65,088 | 65,396 | ||||
| Interest paid | ~27,910 | ~21,969) | ||||
| Net cash provided by operating activities |
37,178 | 43,427 | ||||
| Cash flows from investing | activities | |||||
| Purchase oftangible fixed | assets | (69,589) | (14,944) | |||
| Sale oftangible fixed assets | 272 | 1,300 | ||||
| Interest received | 3 | 326 | ||||
| Net cash used in investing | activities | ~69,314) | ~13,318) | |||
| Cash flows from financing | activities | |||||
| Loan repayments in year |
~21,364) | ~28,472) | ||||
| Net cash used in financing | activities | ~21,364) | ~28,472) | |||
| Change in cash and cash | equivalents | in | ||||
| the reporting period |
(53,500) | 1,637 | ||||
| Cash and cash equivalents | at the | |||||
| beginning ofthe reporting |
period | 160,026 | 158,389 | |||
| Cash and cash equivalents | at the end | of | ||||
| the reporting period |
106,526 | 160,026 |
| RECONCILIATION | RECONCILIATION | RECONCILIATION | OF NET INCOME TO NET CASH FLOW FROM | OF NET INCOME TO NET CASH FLOW FROM | OF NET INCOME TO NET CASH FLOW FROM | OPERATING | ||
|---|---|---|---|---|---|---|---|---|
| ACTIVITIES | ||||||||
| 2022 | 2021 | |||||||
| Net income | for the | reporting | period (asper the Statement ofFinancial | |||||
| Activities) | 19,363 | 30,412 | ||||||
| Adjustments | for: | |||||||
| Depreciation | charges | 12,040 | 12,270 | |||||
| Loss/(profit) | on disposal | offixed assets | 278 | (1,300) | ||||
| Interest received | (3) | (326) | ||||||
| Interest paid | 27,910 | 21,969 | ||||||
| Decrease in Decrease in |
debtors creditors |
8,157 ~2,657) |
3,015 ~644) |
|||||
| Net cash provided | by | operations | 65,088 | 65,396 | ||||
| 2. | ANALYSIS | OF CHANGES | IN NKT DEBT | |||||
| At 1.4.21 | Cash flow | At 31.3.22 | ||||||
| Net cash | ||||||||
| Cash at bank | and in | hand | 160,026 | ~53,500 | 106,526 | |||
| 160,026 | /53,500) | 106,526 | ||||||
| Debt | ||||||||
| Debts falling | due within | 1 year | (25,707) | 3,085 | (22,622) | |||
| Debts falling | due after | 1 | year | ~819,787 | 18,280 | ~801,507 | ||
| ~845,494 | 21,365 | ~824,129 | ||||||
| Total | ~685,468 | 32 135 | ~717,603 |
| Freehold | property | 2%on cost | |
|---|---|---|---|
| Motor vehicles | 20% on cost | ||
| Computer | equipment | 33%on reducing | balance |
| DONATIONS AND LEG |
AC | IES | |||||
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||
| Gift aided giving | 330,960 | 298,822 | |||||
| Gifts, tithes &offerings | 81,960 | 89,605 | |||||
| Gift aid | 82,969 | 77,125 | |||||
| 495,889 | 465,552 | ||||||
| 3. | INVKSTMKNT INCOME | ||||||
| 2022 | 2021 | ||||||
| Rents received | 412 | 1,248 | |||||
| Deposit account interest | 3 | 326 | |||||
| 415 | 1,574 | ||||||
| 4. | INCOME FROM CHARITABLE ACTIVITIES | ||||||
| 2022 | 2021 | ||||||
| Activity | |||||||
| Church activities | Church Activities | 10,757 | 420 | ||||
| 5. | CHARITABLE ACTIVITIES COSTS | ||||||
| Grant | |||||||
| funding of | |||||||
| activities | Support | ||||||
| Direct | (see note | costs (see | |||||
| Costs | 6) | note 7) | Totals | ||||
| Church Activities | 406,953 | 44,421 | 36,324 | 487,698 | |||
| 6. | GRANTS PAYABLK | ||||||
| 2022 | 2021 | ||||||
| Church Activities | 44,421 | 47,201 | |||||
| Grants made to institutions | and | individuals | for the furtherance | ofthe Charity's | objects were: | ||
| Institutions | |||||||
| Compassion | 8,500 | ||||||
| Commission - General |
8,000 | ||||||
| Commission offering |
5,000 | ||||||
| Pregnancy Options Centre, |
Chichester | 1,200 | |||||
| John 3:16(Adrian Holloway) | 400 | ||||||
| Catalyst Ukraine | 3,000 | ||||||
| Breadtrust appeal |
3,380 |
| 6. | GRANTS P | AYABLE - | continued | |||
|---|---|---|---|---|---|---|
| StWilfrid's | Hospice | 210 | ||||
| Heart | 1,220 | |||||
| BRYCC | 1,000 | |||||
| Other | 2,131 | |||||
| 34,041 | ||||||
| Individuals | 10,380 | |||||
| 7. | SUPPORT | COSTS | ||||
| Governance | ||||||
| Finance | costs | Totals | ||||
| Church Activities | 28,995 | 7,329 | 36,324 | |||
| 8. | NET INCOME/(EXPENDITURE) | |||||
| Net income/(expenditure) | is stated after charging/(crediting): | |||||
| 2022 | 2021 | |||||
| Independent | examination | fees | 3,780 | 3,120 | ||
| Depreciation | - owned assets | 12,041 | 12,270 | |||
| (Deficit)/surplus on disposal offixed assets |
278 | ~1,300) |
| STAFF COSTS | |||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Wages and salaries | 233,388 | 226,482 | |||
| Social security costs | 18,677 | 11,069 | |||
| Other pension costs | 16,086 | 15,529 | |||
| 268,151 | 253,080 | ||||
| The average monthly | number ofemployees | during | the year was as follows: | ||
| 2022 | 2021 | ||||
| Charitable activities |
8 | 8 |
| No employees received emoluments |
No employees received emoluments |
in excess off60,000. | in excess off60,000. | |||
|---|---|---|---|---|---|---|
| TANGIBLE FIXEDASSETS | ||||||
| Freehold | Plant and | Motor | Computer | |||
| property | machinery | vehicles | equipment | Totals | ||
| COST | ||||||
| At 1st April 2021 | 1,532,356 | 10,103 | 2,750 | 36,677 | 1,581,886 | |
| Additions Disposals |
69,589 | ~2,750) | 69,589 ~2,750) |
|||
| At 31stMarch 2022 | 1,601,945 | 10,103 | 36,677 | 1,648,725 | ||
| DEPRECIATION | ||||||
| At 1stApril 2021 | 5,903 | 3,356 | 2,200 | 21,029 | 32,488 | |
| Charge for year Eliminated on disposal |
7,295 | 1,850 | ~2,200) | 2,896 — |
12,041 ~2,200) |
|
| At 31stMarch 2022 | 13,198 | 5,206 | 23,925 | 42,329 | ||
| NKT BOOK VALUE | ||||||
| At 31stMarch 2022 | 1,588,747 | 4,897 | 12,752 | 1,606,396 | ||
| At 31stMarch 2021 | 1,526,453 | 6,747 | 550 | 15,648 | 1,549,398 | |
| DEBTORS:AMOUNTS FALLING DUE WITHIN ONK | YEAR | |||||
| 2022 | 2021 | |||||
| Other debtors | 87,870 | 81,918 | ||||
| Prepayments | 14,109 | |||||
| 87,870 | 96,027 |
| 13. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YE | AR | |
|---|---|---|---|
| 2022 | 2021 | ||
| Bank loans and overdrafts (see note 15) |
22,622 | 25,707 | |
| Social security and other taxes | 6,219 | 6,098 | |
| Other creditors | 36,732 | 40,050 | |
| Accruals and deferred income | 3,420 | 2,880 | |
| 68,993 | 74,735 | ||
| 14. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||
| 2022 | 2021 | ||
| Bank loans (see note 15) | 801,507 | 819,787 | |
| 15. | LOANS | ||
| An analysis ofthe maturity ofloans is given below: | |||
| 2022 | 2021 | ||
| I | |||
| Amounts falling due within one year on demand: |
|||
| Bank loans | 22,622 | 25,707 | |
| Amounts falling between one and two years: |
|||
| Bank loans —1-2years |
23,879 | 26,768 | |
| Amounts falling due between two and five years: |
|||
| Bank loans —2-5 years |
79,177 | 86,672 | |
| Amounts falling due in more than five years: |
|||
| Repayable otherwise than by instalments: |
|||
| Bank loans more 5 yrs non-inst | 698,451 | ~706 347 |
| 2022 | 2021 | |
|---|---|---|
| Within one year | 1,488 | 1,488 |
| Between one and five years | 2,232 | 3,720 |
| 3,720 | 5,208 |
| MOVEMEN | T IN | FUNDS | ||||
|---|---|---|---|---|---|---|
| Net | Transfers | |||||
| movement | between | At | ||||
| At 1.4.21 | in funds | funds | 31.3.22 | |||
| Unrestricted | funds | |||||
| General fund | 595,507 | (57,511) | 387,218 | 925,214 | ||
| Gift Day Designated | Fund | 250,067 | 70,266 | (320,333) | ||
| Youth | 160 | 160 | ||||
| 845,734 | 12,755 | 66,885 | 925,374 | |||
| Restricted funds | ||||||
| Building Fund | 42,941 | 3,742 | (46,683) | |||
| Josh G | (600) | 600 | ||||
| Syrian Family | 1,192 | 1,192 | ||||
| Hardship | 20,802 | (20,802) | ||||
| Events | 260 | 3,416 | 3,676 | |||
| Members Gifts |
50 | 50 | ||||
| 65,195 | 6,608 | ~66,885) | 4,918 | |||
| TOTAL FUNDS | 910,929 | 19,363 | 930,292 | |||
| Net movement | in funds, included | in the above are as follows: | ||||
| Incoming | Resources | Movement | ||||
| resources | expended | in funds | ||||
| Unrestricted | funds | |||||
| General fund Gift Day Designated |
Fund | 413,551 70,816 |
(471,062) ~550) |
(57,511) 70,266 |
||
| 484,367 | (471,612) | 12,755 | ||||
| Restricted funds | ||||||
| Building Fund | 7,761 | (4,019) | 3,742 | |||
| Josh G | 300 | (900) | (600) | |||
| Events Members Gifts |
9,583 5,050 |
(6,167) ~5,000) |
3,416 50 |
|||
| 22,694 | 16,086 | 6,608 | ||||
| TOTAL FUNDS | 507,061 | ~487,698) | 19,363 |
| Net | Transfers | |||||
|---|---|---|---|---|---|---|
| movement | between | At | ||||
| At 1.4.20 | in funds | funds | 31.3.21 | |||
| 8 | ||||||
| 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 | 4,371 | 65,195 | |||
| TOTALFUNDS | 880,517 | 30,412 | 910,929 |
| Incoming | Resources | Movement | ||||
|---|---|---|---|---|---|---|
| resources | expended | in funds | ||||
| Unrestricted | funds | |||||
| General Gift Day |
fund 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 | ~8,800) | 12231 | ||||
| TOTAL | FUNDS | 468,846 | ~438,434) | 30,412 |
| Net | Transfers | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| movement | between | At | |||||||
| At 1.4.20 | in funds | funds | 31.3.22 | ||||||
| Unrestricted | funds | ||||||||
| General fund | 611,372 | (69,005) | 382,847 | 925,214 | |||||
| Gift Day Designated | Fund | 220,392 | 99,941 | (320,333) | |||||
| Youth | 160 | 160 | |||||||
| 831,924 | 30,936 | 62,514 | 925,374 | ||||||
| Restricted funds | |||||||||
| Building Fund | 24,901 | 21,782 | (46,683) | ||||||
| Josh G | (4,971) | 4,971 | |||||||
| Syrian Family | 1,192 | 1,192 | |||||||
| Hardship | 22,500 | (1,698) | (20,802) | ||||||
| Events | 3,676 | 3,676 | |||||||
| Members Gifts | 50 | 50 | |||||||
| 48,593 | 18,839 | ~62,514) | 4,918 | ||||||
| TOTAL FUNDS | 880,517 | 49,775 | 930,292 | ||||||
| A current year | 12months | and prior year 12months | combmed | net movement | in | funds, included | in the above a | ||
| as follows: | |||||||||
| Incoming | Resources | Movement | |||||||
| resources | expended | in funds | |||||||
| Unrestricted | funds | ||||||||
| General fund Gift Day Designated |
Fund | 831,141 ~101041 |
(900,146) ~I,I00) |
(69,005) 99,941 |
|||||
| 932,182 | (901,246) | 30,936 | |||||||
| Restricted funds | |||||||||
| Building Fund | 25,801 | (4,019) | 21,782 | ||||||
| Josh G | 1,329 | (6,300) | (4,971) | ||||||
| Hardship | 1,702 | (3,400) | (1,698) | ||||||
| Events Members Gifts |
9,843 5,050 |
(6,167) ~5,000) |
3,676 50 |
||||||
| 43,725 | ~24,886) | 18,839 | |||||||
| TOTAL FUNDS | ~975 907 | ~926,132) | 49,775 |
| 2022 | 2021 | ||
|---|---|---|---|
| INCOME AND ENDOWMENTS | |||
| Donations and legacies |
|||
| Gift aided giving | 330,960 | 298,822 | |
| Gifts, tithes &offerings | 81,960 | 89,605 | |
| Gift aid | 82,969 | 77,125 | |
| 495,889 | 465,552 | ||
| Investment income |
|||
| Rents received | 412 | 1,248 | |
| Deposit account interest | 3 | 326 | |
| 415 | 1,574 | ||
| Charitable activities |
|||
| Church activities | 10,757 | 420 | |
| Other income | |||
| Gain on sale oftangible | fixed assets | 1,300 | |
| Total incoming resources | 507,061 | 468,846 | |
| EXPENDITURE | |||
| Charitable activities |
|||
| Wages | 233,388 | 226,482 | |
| Social security | 18,677 | 11,069 | |
| Pensions | 16,086 | 15,529 | |
| Light and heat | 7,095 | 6,622 | |
| Telephone | 2,847 | 3,739 | |
| Advertising | 1,354 | 2,361 | |
| Sundries | 4,383 | 4,414 | |
| Activities &events | 11,948 | 6,239 | |
| Conferences &training | 12,377 | 5,415 | |
| Equipment costs |
13,685 | 16,352 | |
| Leadership team |
3,182 | 1,957 | |
| Printing, postage &stationary |
3,993 | 3,513 | |
| Rent, rates & service charges | 24,227 | 10,209 | |
| Repairs &maintenance | 20,442 | 29,691 | |
| Running costs |
1,323 | 608 | |
| Sundry payroll costs | 739 | 203 | |
| The youth &children | 15,474 | 3,787 | |
| Travel &subsistence | 2,999 | 905 | |
| Worship team | 169 | 110 | |
| Ministries | 247 | ||
| Freehold property | 7,295 | 5,903 | |
| Carried forward | 401,930 | 355,108 |
| 2022 | 2021 | ||
|---|---|---|---|
| Charitable activities |
|||
| Brought forward | 401,930 | 355,108 | |
| Plant and machinery | 1,849 | 1,849 | |
| Motor vehicles | 550 | ||
| Computer equipment |
2,896 | 3,968 | |
| Loss on sale oftangible fixed assets | 278 | ||
| Grants to institutions | 34,040 | 35,130 | |
| Grants to individuals | 10,381 | 12,071 | |
| 451,374 | 408,676 | ||
| Support costs | |||
| Finance | |||
| Bank charges | 1,085 | 631 | |
| Bank loan charges and interest | 27,910 | 21,969 | |
| 28,995 | 22,600 | ||
| Governance costs |
|||
| Independent examination |
fees | 3,780 | 3,120 |
| Insurance | 3,501 | 3,985 | |
| Professional fees |
48 | 53 | |
| 7,329 | 7,158 | ||
| Total resources expended | 487,698 | 438,434 | |
| Net income | 19,363 | 30,412 |