2022-03-31-accounts

Trustees			D Gbesemete	D Gbesemete
			J Lawn
			J Hatcher
			M Steinbrecher
			J Rego
			CWalker
Secretary			D Gbesemete
Charity number			1118978
Company	number		6065940
Registered		office	11Cranbury	Terrace
			Southampton
			Hampshire
			5014OLH
Independent		examiner	Knight Goodhead
			7 Bournemouth		Road
			Chandler's	Ford
			Eastleigh
			Hampshire
			50533DA
Bankers			HSBC
			165High Street
			Southampton
			50142NZ

				Page
Trustees' report				1-4
Statement of	trustees'		responsibilites
Independent	examiner's		report
Statement of	financial	activities
Balance sheet				8-9
Notes to the accounts				10-20

		Unrestricted	Restricted	Total	Total
		funds	funds	2022	2021
	Notes	f	f	f	f
INCOME
Donations and legacies		256,346	71,683	328,029	347,910
Investments		78		78	243
Total income		256,424	71,683	328,107	348,153
EXPENDITURE
Charitable activities		316,881	63,989	380,870	254,770
NET INCOME BEFORE REVALUATION		(60,457)	7,694	(52,763)	93,383
Other recognised gains or losses
Revaluation oftangible fixed assets					15,500
NET INCOME BEFORETRANSFERS		(60,457)	7,694	(52,763)	108,883
Transfers between funds		274,000	(274,000)
NET MOVEMENT IN FUNDS		213,543	(266,306)	(52,763)	108,883
FUND BALANCES AT 1APRIL 2021		295,623	531,998	827,621	718,738
FUND BALANCES AT31MARCH 2022	13	509,166	265,692	774,858	827,621

				2022		2021
		Notes		E		E
FIXED ASSETS
Tangible assets				615,441		273,234
CURRENT ASSETS
Stock			528		607
Debtors			17,154		11,652
Cash at bank and	in hand		509,995		673,085
			527,677		685,344
CREDITORS: amounts	falling
due within one year:			(36,206)		(10,806)
NET CURRENT ASSETS				491,471		674,538
TOTAL ASSETS LESSCURRENT LIABILITIES				1,106,912		947,772
CREDITORS: amount	falling due
in more than one	year	10		(332,054)		(120,151)
				774,858		827,621
FUNDS		12-13
Restricted				265,692		531,998
Unrestricted:
Designated			290,766		211,490
Other unrestricted			21$,400		84,133
				509,166		295,623
TOTAL FUNDS				774,85$		827,621

	NOTES TO TH	E ACCOUNTS FOR THE YEAR ENDED 31	MARCH 2022 (contInued)
3	INCOME		Total	Total
			2022	2021
	DONATIONS AND LEGACIES		E	f
	Donations and gifts		317,436	338,103
	OTHER INCOME
	Event income		955	25
	Wider ministry	income	450
	Other income		4,188	4,782
	Commission Grant		5,000	5,000
			10,593	9,807
	TOTAL INCOME		328,029	347,910
4	EXPENDITURE		Total	Total
			2022	2021
	CHARITABLE ACTIVITIES		E	f
	Staff costs		196,455	160,574
	Depreciation and impairment		11,642	2,418
	Office costs		63,283	24,221
	Publicity		1,829	96
	Children's and youth work		4,214	781
	Fellowship fund		24,262	21,989
	Hospitality and	integration	2,234	1,000
	New Frontiers and other gifts		18,770	28,411
	Travel		1,425	91
	Equipment		18,462	6,169
	Guest speakers		250	150
	Bookstal I costs		619	246
	Venue hire		17,835	260
	Courses and conferences		9,783	599
	Mortgage interest		6,879	4,414
	Accountancy		2,928	3,348
	Loss on disposal			3
			380,870	254,770

Number ofemployees
The average number ofemployees	during the year was 8(2021:6)
Employment costs		2022	2021
		f	E
Wages and salaries		176,023	143,998
Social security costs		12,505	9,786
Other pension costs		7,927	6,790
		166,466	160,574

6	TANGIBLE ASSETS	Freehold	Fixtures &	Computers
		Property	Fittings		Total
		f	f	f	f
	COST
	At beginning ofyear	272,000	13,952	4,495	290,447
	Additions	624,000	1,849		625,849
	Disposals	(272,000)	(258)	-	(272,258)
	At end ofyear	624,000	15,543	4,495	644,038
	DEPRECIATION
	At beginning ofyear		13,820	3,393	17,213
	Charge for year	10,400	593	649	11,642
	Disposals		(258)		(258)
	At end ofyear	10,400	14,155	4,042	28,597
	NET BOOK VALUE
	At beginning ofyear	272,000	132	1,102	273,234
	At end ofyear	613,600	1,388	453	615,441

7	STOCKS
				2022	2021
	Finished goods and		goods for resale	528	607
8	DEBTORS:amounts	falling due within one year		2022	2021
				f	f
	Trade debtors				105
	Gift aid tax recoverable			5,222	5,628
	Prepayments and accrued income			5,821	3,173
	Other debtors			6,111	2,746
				17,154	11,652
9	CREDITORS: amounts		falling due within one year
				2022	2021
				f	f
	Bank loans			11,876	5,913
	Other taxation and social security			4,919	2,942
	Other creditors			11,647	287
	Accruals and deferred		income	7,764	1,664
				36,206	10,806
10	CREDITORS: amounts		falling due after one year
				2022	2021
				f	f
	Bank loans			332,054	120,151
11	LOANS AND OVERDRAFTS
				2022	2021
				f	f
	Bankloans			343,930	126,064
	Payable within one year			11,876	5,913
	Payable 2-5 years			52,510	27,676
				64,386	33,589
	Payable by instalments		after 5years	279,544	92,475

				Movement in funds	Movement in funds	Movement in funds
			Balance at			Transfers	Balance at
			1April			between	31March
			2021	Income	Expenditure	funds	2022
			f	f	f	f	f
The Nepal Fund			3,836	3,120	(3,345)		3,611
West End Building		Fund	83,077				83,077
Building	Fund		423,862	52,419	(42,795)	(274,000)	159,486
Life Support			11,017	11,144	(11,015)		11,146
Youth			5,206		(2,918)		2,288
4th Site			5,000	5,000	(3,916)		6,084
			531,998	71,683	(63,989)	(274,000)	265,692

			Movement in funds	Movement in funds	Movement in funds
		Balance at			Transfers	Balance at
		1April			between	31March
		2021 f	Income	Expenditure f	funds f	2022 E
Designated funds
Property Fund		103,021			166,649	269,670
Revaluation Reserve		42,913			(42,913)
Building Fund		5,012		(5,012)
Home for Good Fund		923		(130)		793
West End Fund		58,087		(1,260)	(41,163)	15,664
Mission Fund		1,534	6,510	(3,405)		4,639
Total designated	funds	211,490	6,510	(9,807)	82,573	290,766
General funds		84,13$	249,914	(307,074)	191,427	218,400
Total unrestricted	funds	295,623	256,424	(316,881)	274,000	509,166

Fund balances as at31March 2022 are represented	by:
		Unrestricted	Restricted	Total
		funds	funds	2022
		f	f	f
Tangible assets		615,441		615,441
Current assets/(liabilities)		225,779	265,692	491,471
Long term liabilities		(332,054)	-	(332,054)
		509,166	265,692	774,858
Fund balances as at31March 2021are represented	by:
		Unrestricted	Restricted	Total
		funds	funds	2021
		f		f
Tangible assets		273,234		273,234
Current assets/(liabilities)		142,540	531,998	674,538
Long term liabilities		(120,151)		(120,151)
		295,623	531,998	827,621

			Unrestricted	Restricted	Total
			funds	funds	2021
				E	E
INCOME
Donations and legacies			253,682	94,228	347,910
Investments			243		243
Total income			253,925	94,228	348,153
EXPENDITURE
Charitable activities			223,950	30,820	254,770
NET INCOME BEFORE REVALUATION			29,975	63,408	93,383
Other recognised	gains	or losses
Revaluation oftangible		fixed assets	15,500		15,500
NET INCOME BEFORE TRANSFERS			45,475	63,408	108,883
Transfers between	funds
NET MOVEIVIENT	IN FUNDS		45,475	63,408	108,883
FUND BALANCES AT1		APRIL 2020	250,148	468,590	718,738
FUND BALANCES	AT31MARCH 2021		295,623	531,998	827,621

Restricted funds
			Movement		in funds
		Balance at				Transfers	Balance at
		1April				between	31March
		2020	Income	Expenditure		funds	2021
		f	f		f	f	f
The Nepal Fund		3,107	2,640	(1,911)			3,836
West End Building	Fund	84,040			(963)		83,077
Building Fund		353,643	85,918	(15,699)			423,862
Life Support		22,594	670	(12,247)			11,017
Youth		5,206					5,206
4th Site			5,000				5,000
		468,590	94,228	(30,820)			531,998
Unrestricted funds
			Movement		in funds
		Balance at				Transfers	Balance at
		1April				between	31March
		2020	Income	Expenditure		funds	2021
		f	f		f	f	f
Designated funds
Property Fund		102,493				528	103,021
Revaluation Reserve		27,413	15,500				42,913
Building Fund		5,012					5,012
Home for Good Fund		1,108	83		(268)		923
West End Fund		58,087					58,087
Mission Fund		1,634			(100)		1,534
Total designated	funds	195,747	15,583		(368)	528	211,490
General funds		54,401	253,842	(223,582)		(528)	84,133
Total unrestricted	funds	250,148	269,425	(223,950)			295,623