2023-03-31-accounts

			Page
Report ofthe Trustees		I	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

						2023	2022
				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
			Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies				537,953	11,157	549,110	495,889
Charitable activities
Church Activities				3,164	9,855	13,019	10,757
Investment income				152	1,851	2,003	415
Total				541,269	22,863	564, 132	507,061
EXPENDITURE	ON
Charitable activities
Church Activities				487,584	15,023	502,607	487,698
NET INCOME				53,685	7,840	61,525	19,363
Transfers between	funds		17	~26,413)	26,413
Net movement in	funds			27,272	34,253	61,525	19,363
RECONCILIATION		OF FUNDS
Total funds brought	forward			925,374	4,918	930,292	910,929
TOTAL FUNDS CARRIED FORWARD				952,646	39,171	991,817	930,292

				2023	2022
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes
FIXEDASSETS
Tangible assets	11	1,595,102		1,595,102	1,606,396
CURRENT ASSETS
Debtors	12	103,786	(145)	103,641	87,870
Cash at bank and in hand		63,279	63,983	127,262	106,526
		167,065	63,838	230,903	194,396
CREDITORS
Amounts falling due within one year	13	(41,698)	(24,667)	(66,365)	(68,993)
NET CURRENT ASSETS		125,367	39,171	164,538	125,403
TOTAL ASSETSLESSCURRENT
LIABILITIES		1,720,469	39,171	1,759,640	1,731,799
CREDITORS
Amounts falling due after more than one year	14	(767,823)		(767,823)	(801,507)
NET ASSETS		952,646	39,171	991,817	930,292
FUNDS	17
Unrestricted funds				952,646	925,374
Restricted funds				39,171	4,918
TOTAL FUNDS				991,817	930,292

				2023	2022
			Notes
Cash flows from operating		activities
Cash generated from operations				75,413	65,088
Interest paid				~30,849)	~27,910)
Net cash provided by operating activities				44,564	37,178
Cash flows from investing		activities
Purchase oftangible fixed assets Sale oftangible fixed assets					(69,589) 272
Interest received				227	3
Net cash provided by/(used		in) investing	activities	227	~69,314)
Cash flows from financing		activities
Loan repayments in year				~24,055)	~21,364)
Net cash used in financing	activities			~24,055)	~21,364)
Change in cash and cash	equivalents		in
the reporting period Cash and cash equivalents		at the		20,736	(53,500)
beginning ofthe reporting		period		106,526	160,026
Cash and cash equivalents		at the end	of
the reporting period				127,262	106,526

	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
							2023	2022
	Net income	for the	reporting			period (as per the Statement of Financial
	Activities)						61,525	19,363
	Adjustments	for:
	Depreciation	charges					11,294	12,040
	Loss on disposal of		fixed		assets			278
	Interest received						(227)	(3)
	Interest paid						30,849	27,910
	(Increase)/decrease in debtors Decrease in creditors						(15,771) ~)2,257	8,157 ~2,657)
	Net cash provided		by	operations			75,413	65,088
2.	ANALYSIS	OF CHANGES IN NET DEBT
						At 1.4.22	Cash flow	At 31.3.23
	Net cash
	Cash at bank	and in	hand			106,526	20,736	127,262
						106,526	20,736	127,262
	Debt
	Debts falling	due within			1 year	(22,622)	(9,629)	(32,251)
	Debts falling	due after		1	year	~801,507	33,6114	~767,823
						~824, 129	24,055	~800,074
	Total					~717,603)	44,791	i672,8)2)

	Rentals paid under operating leases are ch period ofthe lease.	Rentals paid under operating leases are ch period ofthe lease.	Rentals paid under operating leases are ch period ofthe lease.	Rentals paid under operating leases are ch period ofthe lease.	Rentals paid under operating leases are ch period ofthe lease.	arged to the profit	and loss account	on a straight line	basis over t
	DONATIONS AND LEGACIES
								2023	2022
	Gitt aided giving							392,064	330,960
	Gifts, tithes	&offerings						58,304	81,960
	Gift aid							98,742	82,969
								549,110	495,889
3.	INVESTMENT INCOME
								2023	2022
	Rents received							1,776	412
	Deposit account interest							227	3
								2,003	415
4.	INCOME	FROM	CHARITABLE ACTIVITIES
								2023	2022
					Activity
	Church activities				Church Activities			13,019	10,757
5.	CHARITABLE ACTIVITIES COSTS
							Grant
							funding of
							activities	Support
						Direct	(see note	costs (see
						Costs	6)	note 7)	Totals
	Church Activities					393,282	68,307	41,018	502,607
6.	GRANTS	PAYABLE
								2023	2022
	Church Activities							68,307	44,421
	Grants made to institutions			and	individuals	for the furtherance	ofthe Charity's	objects were:
	Institutions
	Compassion								8,500
	Commission - General								20,017
	Earthquake	Fillipus							1,500
	Pregnancy	Options	Centre,	Chichester					1,861
	John 3:16(Adrian		Holloway)						550
	Earthquake	Catalyst							7,477
	Breadtrust	appeal							4,940

	Home for good							1,000
	Heart for Homeless, Chichester							2,000
	BRYCC							1,250
	Other (Prisons Fellowship,		Christians	Against Poverty,	Urban	Saints)		1,240
	Food bank Chichester/Havant/Bognor			Regis				4,212
	Sanctuary - Syrian Family							1,192
								55,739
	Individuals							12,568
7.	SUPPORT COSTS
							Governance
						Finance	costs	Totals
	Church Activities					32,143	8,875	41,018
S.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure)	is	stated after charging/(crediting):
							2023	2022
	Independent examination	fees					4,680	3,780
	Depreciation - owned assets						11,294	12,041
	Deficit on disposal offixed		assets					278

		2023	2022
Wages	and salaries	218,551	233,388
Social	security costs	18,442	18,677
Other	pension costs	14,989	16,086
		251,982	268,151

The averag	e monthly number ofemployees during th	e year was as follows:
		2023	2022
Charitable	activities	7	8

	No employees received emoluments in exces	s off60,000.
11.	TANGIBLE FIXEDASSETS
		Freehold	Plant and	Computer
		property	machinery	equipment	Totals
	COST
	At 1st April 2022 and 31st March 2023	1,601,945	10,103	36,677	1,648,725
	DEPRECIATION
	At 1stApril 2022	13,198	5,206	23,925	42,329
	Charge for year	7,295	1,849	2,150	11,294
	At 31st March 2023	20,493	7,055	26,075	53,623
	NET BOOK VALUE
	At 31st March 2023	1,581,452	3,048	10,602	1,595,102
	At 31st March 2022	1,588,747	4,897	12,752	1,606,396
12.	DEBTORS:AMOUNTS FALLING DUE	WITHIN ONE	YEAR
				2023	2022
	Other debtors			103,641	87,870

13.	CREDITORS: AMOUN	TS	FALLING DUE	WITHIN	ONE YEAR
					2023	2022
	Bank loans and overdrafts	(see note 15)			32,251	22,622
	Social security and other	taxes			5,934	6,219
	Other creditors				24,760	36,732
	Accruals and deferred income				3,420	3,420
					66,365	68,993
14.	CREDITORS: AMOUNTS		FALLING DUE AFTER MORE THAN ONE YEAR
					2023	2022
	Bank loans (see note 15)				767,823	801,507
15.	LOANS
	An analysis ofthe maturity ofloans is given below:
					2023	2022
	Amounts falling due within one year on demand:
	Bank loans				32,251	22,622
	Amounts falling between	one	and two years:
	Bank loans - 1-2 years				33,508	23,879
	Amounts falling due between		two and five years:
	Bank loans - 2-5 years				108,065	79,177
	Amounts falling due in more than five years:
	Repayable otherwise than	by instalments:
	Bank loans more 5 yrs non-inst				626,250	698,451
16.	LEASING AGREEMENTS
	Minimum lease payments	under non-cancellable		operating	leases fall due as follows;
					2023	2022
	Within one year				1,488	1,488
	Between one and five years				744	2,232
					2,232	3,720

MOVEM	ENT	IN F	UNDS
					Net	Trans fers
					movement	between	At
				At 1.4.22	in funds	funds	31.3.23
Unrestricted		funds
General	fund			925,214	(62,355)	85,705	948,564
Gift Day	Designated		Fund		114,530	(114,530)
Youth				160	1,510	2,412	4,082
				925,374	53,685	(26,413)	952,646
Restricted funds
Building	Fund				6,096	32,500	38,596
Josh G					75		75
Syrian Family				1,192	(1,192)
Hardship					500		500
Events Members	Gifts			3,676 50	2,411 ~50)	(6,087)
				4,918	7,840	26,413	39,171
TOTAL	FUNDS			930,292	61,525		991,817
Net movement		in funds, included		in the above are as follows:
					Incoming	Resources	Movement
					resources	expended	in funds
Unrestricted		funds
General	fund				424,779	(487,134)	(62,355)
Gift Day Youth	Designated		Fund		114,530 1,960	~450)	114,530 1,510
					541,269	(487,584)	53,685
Restricted funds
Building	Fund				6,596	(500)	6,096
Josh G					300	(225)	75
Syrian Family						(1,192)	(1,192)
Hardship					500		500
Events Members	Gifts				10,232 5,235	(7,821) ~5,205)	2,411 ~50)
					22,863	~15.023)	7,840
TOTAL	FUNDS				564, 132	(502,607)	61,525

						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
Comparative net movement			in funds, included	in the above are as follows:
						Inconll)lg	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 1.4.21	in funds	funds	31.3.23
Unrestricted		funds
General	fund			595,507	(119,866)	468,718	948,564
Gift Day	Designated		Fund	250,067	184,796	(434,333)
Youth				160	1,511		4,082
				845,734	66,440	40,472	952,646
Restricted funds
Building	Fund			42,941	9,838	(14,183)	38,596
Josh G					(525)	600	75
Syrian Family				1,192	(1,192)
Hardship Events				20,802 260	500 5,827	(20,802) ~6,087	500 6,087
				65,195	14,448	~40,472)	39,171
TOTAL	FUNDS			910,929	80,888		991,817

			Incoming	Resources	Movement
			resources	expended	in funds
Unrestricted	funds
General fund			838,330	(958,196)	(119,866)
Gift Day Designated Youth		Fund	185,346 1,960	(550) ~450)	184,796 1,510
			1,025,636	(959,196)	66,440
Restricted funds
Building Fund			14,357	(4,519)	9,838
Josh G			600	(1,125)	(525)
Syrian Family				(1,192)	(1,192)
Hardship			500		500
Events			19,815	(13,988)	5,827
Members Gifts			10,285	~)0,285)
			45,557	~31,)09)	14,448
TOTAL FUNDS			1,071,193	~990,305)	80,888

Restricted	Restricted	funds
Building	fund		:giving for the building and venue needs ofGrace Church
Members		Gifts	:giving anonymously gifts between member ofGrace		Church
Josh G			:collection and sending offunds	to support Josh Garraway		in Turkey
Syrian Family			: fund set up to enable the church	to purchase required	goods to help settle a
			refugee family in Chichester.
Hardship			:giving to support others through	the Covid-19 crisis.
Events			:money from charging members	for attending events;	to be	used as the need arises.

		2023	2022
INCOME AND ENDOWMENTS
Donations and legacies
Gift aided giving		392,064	330,960
Gifts, tithes &offerings		58,304	81,960
Gift aid		98,742	82,969
		549,110	495,889
Investment income
Rents received		1,776	412
Deposit account interest		227	3
		2,003	415
Charitable activities
Church activities		13,019	10,757
Total incoming resources		564,132	507,061
EXPENDITURE
Charitable activities
Wages		218,551	233,388
Social security		18,442	18,677
Pensions		14,989	16,086
Light and heat		7,864	7,095
Telephone		1,799	2,847
Advertising		3,012	1,354
Sundries		4,172	4,383
Activities &events		13,762	11,948
Conferences &training		14,528	12,377
Equipment costs		7,456	13,685
Leadership team		5,686	3,182
Printing, postage & stationary		3,799	3,993
Rent, rates &service charges		33,886	24,227
Repairs &maintenance		5,934	20,442
Running costs		2,414	1,323
Sundry payroll costs		784	739
The youth &children		18,597	15,474
Travel &subsistence		4,489	2,999
Worship team		631	169
Ministries		1,193	247
Freehold property		7,295	7,295
Plant and machinery		1,849	1,849
Computer equipment		2,150	2,896
Loss on sale oftangible	fixed assets		278
Carried forward		393,282	406,953

			2023	2022
				E
Charitable activities
Brought forward			393,282	406,953
Grants to institutions			55,739	34,040
Grants to individuals			12,568	10,381
			461,589	451,374
Support costs
Finance
Bank charges			1,294	1,085
Bank loan charges and interest			30,849	27,910
			32,143	28,995
Governance	costs
Independent	examination	fees	4,680	3,780
Insurance			4,147	3,501
Professional	fees		48	48
			8,875	7,329
Total resources	expended		502,607	487,698
Net income			61,525	19,363