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|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|
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|||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||funds|funds|2023|2022|
||||Notes|E|E|f|E|
|INCOME||||||||
|Donations
and legacies|||3|255,677|110,281|365,958|317,436|
|Other Income|||3|88,585|3,990|92,575|10,593|
|Investments||||1,900||1,900|78|
|Total income||||346,162|114,271|460,433|328,107|
|EXPENDITURE||||||||
|Charitable
activities|||4|323,833|76,952|400,785|380,870|
|NET INCOME/(EXPENDITURE)||BEFORE TRANSFERS||22,329|37,319|59,648|(52,763)|
|Transfers
between|funds|||127,591|(127,591)|||
|NET MOVEMENT IN FUNDS||||149,920|(90,272)|59,648|(52,763)|
|FUND BALANCES AT 1APRIL||2022||509,166|265,692|774,858|827,621|
|FUND BALANCES AT31MARCH 2023|||12-13|659,086|175,420|834,506|774,858|
##
|||||2023||2022|
|---|---|---|---|---|---|---|
|||Notes|E|E||E|
|FIXEDASSETS|||||||
|Tangible assets||||809,318||615,441|
|CURRENT ASSETS|||||||
|Stock||7|||528||
|Debtors||8|16,199||17,154||
|Cash at bank and in|hand||358,892||509,995||
||||375,091||527,677||
|CREDITORS: amounts|falling||||||
|due within one year:||9|(24,719)||(36,206)||
|NET CURRENT ASSETS||||350,372||491,471|
|TOTAL ASSETS LESSCURRENT LIABILITIES||||1,159,690||1,106,912|
|CREDITORS: amount falling due|||||||
|in more than one year||10||(325,184)||(332,054)|
|||||834,506||774,858|
|FUNDS||12-13|||||
|Restricted||||175,420||265,692|
|Unrestricted:|||||||
|Designated|||489,423||290,766||
|Other unrestricted|||169,663||218,400||
|||||659.086||509,166|
|TOTAL FUNDS|||||||
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||NOTES TO THE|ACCOUNT|S FOR THE YEA|R ENDED 31MARCH|2023 (con|tinued|)||
|---|---|---|---|---|---|---|---|---|
|3|INCOME||||||Total|Total|
||||||||2023|2022|
||DONATIONS
AND|LEGACIES|||||E|E|
||Donations
and gifts||||||365,958|317,436|
||OTHER INCOME||||||||
||Eventincome||||||7066|955|
||Wider ministry
income||||||667|450|
||Otherincome||||||9,842|4,188|
||Value of property|gifted|||||75,000||
||Commission
Grant|||||||5,000|
||||||||92,575|10,593|
||TOTAL INCOME||||||458,533|328,029|
|4|EXPENDITURE||||||Total|Total|
||||||||2023|2022|
||CHARITABLE ACTIVITIES||||||E|E|
||Staff costs|||||5|221,204|196,455|
||Depreciation
and impairment||||||11,316|11,642|
||Office costs||||||49,759|63,283|
||Publicity||||||1,145|1,829|
||Children's
and youth work||||||3,156|4,214|
||Fellowship
fund||||||32,250|24,262|
||Hospitality
and integration||||||707|2,234|
||New Frontiers
and|other gifts|||||19,589|18,770|
||Travel||||||1,143|1,425|
||Equipment||||||11,645|18,462|
||Guestspeakers||||||325|250|
||Bookstall costs||||||57|619|
||Venue hire||||||21,151|17,835|
||Courses and conferences||||||6,333|9,783|
||Mortgage
interest||||||17,908|6,879|
||Accountancy||||||3,097|2,928|
||||||||400,785|380,870|
||Included
within accountancy||above are amounts|due to the independent|examiners|in relation to the examination
of|||
||E1,740(2022:E1,560).||||||||
||Analysis
by fund||||||||
||Unrestricted
fund||||||323,833|316,881|
||Restricted funds||||||76,952|63,989|
||||||||400.785|380,870|
##
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|5 EMPLOYEES||||||
|---|---|---|---|---|---|
|Number ofemployees||||||
|The average number ofemployees|during the year was 8(2022.
' 8)|||||
|Employment
costs|||2023||2022|
||||E||E|
|Wages and salaries|||196,852||176,023|
|Social security costs|||14,687||12505|
|Other pension costs|||9,665||7,927|
||||||6.n|
|6 TANGIBLE ASSETS||Freehold|Fixtures
Br|Computers||
|||Property|Fittings||Total|
|||E|E|E|E|
|COST||||||
|At beginning
ofyear||624,000|15,543|4,495|644,038|
|Additions||205,192|||205,192|
|At end ofyear||829,192|15,543|4,495|849,230|
|DEPRECIATION||||||
|At beginning
ofyear||10,400|14,155|4,042|28,597|
|Charge for year||10,400|462|453|11,315|
|At end ofyear||20,800|14,617|4,495|39,912|
|NET BOOK VALUE||||||
|At beginning
ofyear||613,600|1,388|453|615,441|
|At end ofyear||808,392|926||809,318|
##
##
|7|STOCKS||||||||
|---|---|---|---|---|---|---|---|---|
||||||||2023|2022|
||Finished goods and|||goods for resale||||528|
|8|DEBTORS: amounts||falling due withm one year||||2023|2D22|
||||||||f|f|
||Trade debtors||||||1,000||
||Gift aid tax recoverable||||||4,1D3|5,222|
||Prepayments|and accrued income|||||10,071|5,821|
||Other debtors||||||1,025|6,111|
|||||||||17,154|
|9|CREDITORS: amounts|||falling due within one year|||||
||||||||2023|2022|
||||||||E|f|
||Bankloans||||||8,696|11,876|
||Other taxation|and social|||security||4,986|4,919|
||Other creditors||||||7,870|11,647|
||Accruals and deferred|||income|||3,167|7,764|
||||||||24,719|36,206|
|10|CREDITORS: amounts|||falling due after one year|||||
||||||||2023|2022|
||||||||f|E|
||Bankloans||||||325,184||
|11|LOANS AND OVERDRAFTS||||||||
||||||||2023|2022|
||||||||f|f|
||Bankloans|||||||343,930|
||Payable within|one year|||||8,696|11,876|
||Payable 2-5 years||||||41,859|52,510|
||||||||50,555|64,386|
||Payable by instalments|||after 5years||||279,544|
||The bank loan|issecured|||by fixed charges over the freehold|property.|||
##
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||||||Movement
In funds|Movement
In funds|Movement
In funds||
|---|---|---|---|---|---|---|---|---|
|||||Balance at|||Transfers|Balance at|
|||||1Apru|||between|31March|
|||||2022|Income|Expenditure|funds|2023|
|||||6|E|6||6|
|The Nepal||Fund||3,611|3,120|(1,328)||5,403|
|West End||Building|Fund|83,077||||83,077|
|Building|Fund|||159,486|86,791|(49,422)|(130,192)|66,663|
|Life Support||||11,146|15,186|(12,074)|2,601|16,859|
|Youth||||2,288|5,774|(6,403)||1,659|
|4th Site||||6,084|500|(5,404)||1,180|
|Breakfast||club and|those in need||2,400|(1,821)||579|
|Portugal|||||500|(500)|||
|||||265,692|114,271|(76,952)|(127,591)|175,420|
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|||||||Movement
In funds|Movement
In funds|Movement
In funds|||
|---|---|---|---|---|---|---|---|---|---|---|
||||||Balance at|||Transfers|Balance at||
||||||1April|||between|51March||
||||||2022|Income|Expenditure|funds||2023|
||||||E|6|6|6||6|
|Designated|funds||||||||||
|Property
Fund|||||269,670||(10,400)|140,242|399,512||
|Beacon Road Property||||||75,000||||75,000|
|Hame for|Good Fund||||793||(544)|-||249|
|West End|Fund||||15,664||(1,002)|-||14,662|
|Mission
Fund|||||4,639|1,960|(6,599)||||
|Total designated||funds|||290,766|76,960|(18,545)|140,242|489,423||
|General funds|||||218,400|269,202|(305,288)|(12,651)|169,663||
|Total unrestricted||funds|||509,166|346,162|(323d83)|127,591|659,086||
|Property|Fund|- This fund represents||the net book value ofthe Boathouse praperty
(based||||on histaric|cast)||
|including|the land and||improvements,|less the outstanding
loans.|||||||
|Beacon|Road Property||Fund - This represents||the fair value ofthe|property|transferred
to|the church during||the|
|year.|||||||||||
##
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|Fund ba|lances as at 31March 2023 are represented|by:|||
|---|---|---|---|---|
|||Unrestricted|Restricted|Total|
|||funds|funds|2023|
|||f.|E|E|
|Tangible|assets|809,318||809,318|
|Current|assets/(liabilities)|174,952|175,420|350,372|
|Long term liabilities||(325,184)||(325,184)|
|||659,086|175,420|834,506|
|Fund balances as at31March 2022 are represented|by:|||
|---|---|---|---|
||Unrestricted|Restricted|Total|
||funds|funds|2022|
||||E|
|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|
##
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|||Unrestdcted|Restricted|Total|
|---|---|---|---|---|
|||funds|funds|2022|
||||E|E|
|INCOME|||||
|Donations
and legacies||256,346|71,683|328,029|
|Investments||78||78|
|Total income||256,424|71,683|328,107|
|EXPENDITURE|||||
|Charitable
activities||316,881|63,989|380,870|
|NET INCOME BEFORE REVALUATION||(60,457)|7,694|(52,763)|
|Other recognised|gains or losses||||
|Revaluation
oftangible fixed assets|||||
|NET INCOME BEFORETRANSFERS||(60,457)|7,694|(52,765)|
|Transfers between|funds|274,000|(274,000)||
|NET MOVEMENT|IN FUNDS|213,543|(266,306)|(52,763)|
|FUND BALANCES AT 1APRIL 2021||295,623|531,998|827,621|
|FUND BALANCES|AT31MARCH 2022|509,166|265,692|774,858|
##
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|Restricted funds||||||||
|---|---|---|---|---|---|---|---|
|||||Movement
in funds||||
||||Balance at|||Transfers|Balance at|
||||1April|||between|31March|
||||2021|Income|Expenditure|funds|2022|
||||E|E|E|E|E|
|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|
|Unrestricted
funds||||||||
|||||Movement
in funds||||
||||Balance at|||Transfers|Balance at|
||||1April|||between|31March|
||||2021|Income|Expenditure|funds|2022|
||||E|6|E|E|E|
|Designated
funds||||||||
|Propertv
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|||84,133|249,914|(307,074)|191,427|218,400|
|Total unrestricted||funds|295,623|256,424|(316,881)|274,000|509,166|