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|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|||





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|||||Page|
|---|---|---|---|---|
|Trustees'<br>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|





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|||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|
|||funds|funds|2022|2021|
||Notes|f|f|f|f|
|INCOME||||||
|Donations<br>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<br>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<br>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<br>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|





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|||||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|





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||NOTES TO TH|E ACCOUNTS FOR THE YEAR ENDED 31|MARCH 2022 (contInued)||
|---|---|---|---|---|
|3|INCOME||Total|Total|
||||2022|2021|
||DONATIONS<br>AND LEGACIES||E|f|
||Donations<br>and gifts||317,436|338,103|
||OTHER INCOME||||
||Event income||955|25|
||Wider ministry|income|450||
||Other income||4,188|4,782|
||Commission<br>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<br>and impairment||11,642|2,418|
||Office costs||63,283|24,221|
||Publicity||1,829|96|
||Children's<br>and youth work||4,214|781|
||Fellowship<br>fund||24,262|21,989|
||Hospitality<br>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<br>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|





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|Number ofemployees||||
|---|---|---|---|
|The average number ofemployees|during the year was 8(2021:6)|||
|Employment<br>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<br>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<br>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<br>ofyear|272,000|132|1,102|273,234|
||At end ofyear|613,600|1,388|453|615,441|





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|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<br>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<br>by instalments||after 5years|279,544|92,475|





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|||||Movement<br>in funds|Movement<br>in funds|Movement<br>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|



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||||Movement<br>in funds|Movement<br>in funds|Movement<br>in funds||
|---|---|---|---|---|---|---|
|||Balance at|||Transfers|Balance at|
|||1April|||between|31March|
|||2021<br>f|Income|Expenditure<br>f|funds<br>f|2022<br>E|
|Designated<br>funds|||||||
|Property<br>Fund||103,021|||166,649|269,670|
|Revaluation<br>Reserve||42,913|||(42,913)||
|Building<br>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|





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|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|



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||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|
||||funds|funds|2021|
|||||E|E|
|INCOME||||||
|Donations<br>and legacies|||253,682|94,228|347,910|
|Investments|||243||243|
|Total income|||253,925|94,228|348,153|
|EXPENDITURE||||||
|Charitable<br>activities|||223,950|30,820|254,770|
|NET INCOME BEFORE REVALUATION|||29,975|63,408|93,383|
|Other recognised|gains|or losses||||
|Revaluation<br>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|





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|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<br>Fund||3,107|2,640|(1,911)|||3,836|
|West End Building|Fund|84,040|||(963)||83,077|
|Building<br>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<br>funds||||||||
||||Movement||in funds|||
|||Balance at||||Transfers|Balance at|
|||1April||||between|31March|
|||2020|Income|Expenditure||funds|2021|
|||f|f||f|f|f|
|Designated<br>funds||||||||
|Property<br>Fund||102,493||||528|103,021|
|Revaluation<br>Reserve||27,413|15,500||||42,913|
|Building<br>Fund||5,012|||||5,012|
|Home for Good Fund||1,108|83||(268)||923|
|West End Fund||58,087|||||58,087|
|Mission<br>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|