|||Page||
|---|---|---|---|
|Report ofthe Trustees|1|to|7|
|Independent<br>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|





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|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<br>Manager||





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||||||2022|2021|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||funds|funds|funds|funds|
|||Notes|||||
|INCOME AND ENDOWMENTS FROM|||||||
|Donations<br>and legacies|||482,356|13,533|495,889|465,552|
|Charitable<br>activities|||||||
|Church Activities|||1,597|9,160|10,757|420|
|Investment<br>income|||414||415|1,574|
|Other income||||||1,300|
|Total|||484,367|22,694|507,061|468,846|
|EXPENDITURE ON|||||||
|Charitable<br>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<br>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|





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|||||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<br>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<br>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<br>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<br>from operations|||||65,088|65,396|
|Interest paid|||||~27,910|~21,969)|
|Net cash provided by operating<br>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<br>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<br>period|||||(53,500)|1,637|
|Cash and cash equivalents||at the|||||
|beginning<br>ofthe reporting||period|||160,026|158,389|
|Cash and cash equivalents||at the end|of||||
|the reporting<br>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 <br>Decrease in|debtors<br> creditors|||||8,157<br>~2,657)|3,015<br>~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|





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|Freehold|property|2%on cost||
|---|---|---|---|
|Motor vehicles||20% on cost||
|Computer|equipment|33%on reducing|balance|



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||DONATIONS<br>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<br>- General||||||8,000|
||Commission<br>offering||||||5,000|
||Pregnancy<br>Options Centre,|Chichester|||||1,200|
||John 3:16(Adrian Holloway)||||||400|
||Catalyst Ukraine||||||3,000|
||Breadtrust<br>appeal||||||3,380|



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|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<br>on disposal offixed assets||||278|~1,300)|



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|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<br>activities||||8|8|



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|No employees<br>received emoluments|No employees<br>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<br>Disposals||69,589||~2,750)||69,589<br>~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<br>Eliminated<br>on disposal||7,295|1,850|~2,200)|2,896<br>—|12,041<br> ~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<br>(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<br>falling due within one year on demand:|||
||Bank loans|22,622|25,707|
||Amounts<br>falling between one and two years:|||
||Bank loans<br>—1-2years|23,879|26,768|
||Amounts<br>falling due between two and five years:|||
||Bank loans<br>—2-5 years|79,177|86,672|
||Amounts<br>falling due in more than five years:|||
||Repayable<br>otherwise<br>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<br>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<br>Gift Day Designated||Fund||413,551<br>70,816|(471,062)<br>~550)|(57,511)<br>70,266|
|||||484,367|(471,612)|12,755|
|Restricted funds|||||||
|Building Fund||||7,761|(4,019)|3,742|
|Josh G||||300|(900)|(600)|
|Events<br>Members Gifts||||9,583<br>5,050|(6,167)<br>~5,000)|3,416<br>50|
|||||22,694|16,086|6,608|
|TOTAL FUNDS||||507,061|~487,698)|19,363|





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|||||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<br>Gift Day|fund<br> Designated||Fund|417,590<br>30,225|(429,084)<br>~550)|(11,494)<br>29,675|
|||||447,815|(429,634)|18,181|
|Restricted<br>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<br>Gift Day Designated|||Fund|||831,141<br>~101041||(900,146)<br>~I,I00)|(69,005)<br>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<br>Members Gifts||||||9,843<br>5,050||(6,167)<br>~5,000)|3,676<br>50|
|||||||43,725||~24,886)|18,839|
|TOTAL FUNDS||||||~975 907||~926,132)|49,775|





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|||2022|2021|
|---|---|---|---|
|INCOME AND ENDOWMENTS||||
|Donations<br>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<br>income||||
|Rents received||412|1,248|
|Deposit account interest||3|326|
|||415|1,574|
|Charitable<br>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<br>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<br>costs||13,685|16,352|
|Leadership<br>team||3,182|1,957|
|Printing,<br>postage &stationary||3,993|3,513|
|Rent, rates & service charges||24,227|10,209|
|Repairs &maintenance||20,442|29,691|
|Running<br>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|





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|||2022|2021|
|---|---|---|---|
|Charitable<br>activities||||
|Brought forward||401,930|355,108|
|Plant and machinery||1,849|1,849|
|Motor vehicles|||550|
|Computer<br>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<br>costs||||
|Independent<br>examination|fees|3,780|3,120|
|Insurance||3,501|3,985|
|Professional<br>fees||48|53|
|||7,329|7,158|
|Total resources expended||487,698|438,434|
|Net income||19,363|30,412|