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||||||Page|
|---|---|---|---|---|---|
|Reference and administrative||details of the Company,|its Trustees|and advisers||
|Trustees'
report|||||2-8|
|Independent
auditors'|report|on the financial statements|||9-12|
|Statement
of financial|activities||||13|
|Balance sheet|||||1l - 'l5|
|Statement
ofcash flows|||||16|
|Notes to the financial|statements||||17-37|
##
|Trustees|||Mr R E Wightman|Mr R E Wightman|(Chair)|(Chair)||
|---|---|---|---|---|---|---|---|
||||Mr D S Eyeington|||||
||||Mr F H Clark|||||
||||Mr TWilliams|||||
||||Mrs SJ Clark|||||
||||MrJ0 Awoniyi|||||
||||Ms A V Crowter (Resigned||||18November 2020)|
||||Mr W Swepston||(Resigned||18October 2021)|
||||Mr R C Davey|||||
||||Mr M J Thorman|||||
||||Mr D Elliott|||||
||||Ms A R Russell|(appointed|||18October 2021)|
||||Mr S6 Halford|(appointed|||18October 2021)|
||||Ms A Devi (appointed|||18October 2021)||
|Company||registered||||||
|number|||06162241|||||
|Charity registered||||||||
|number|||1119167|||||
|Registered||office|The Ridegway
Centre|||||
||||Featherstone
Road|||||
||||Wolverton
Miil|||||
||||Milton Keynes|||||
||||Bucks|||||
||||MK12 5TH|||||
|Company|secretary||Mrs SJ Clark|||||
|Independent||auditors|MHA Maclntyre|Hudson||||
||||Chartered
Accountants|||||
||||Moorgate House|||||
||||201 Silbury Boulevard|||||
||||Milton Keynes|||||
||||Buckinghamshire|||||
||||MK9 1LZ|||||
|Bankers|||CAF Bank Ltd|||||
||||25 Kings
Hill Avenue|||||
||||Kings
Hill|||||
||||West Mailing|||||
||||Kent|||||
||||ME194JQ|||||
|Solicitors|||Roger Snowdon|||||
||||Rutter and Rutter|Solicitors||||
||||StAudreys|||||
||||Wincanton|||||
||||Somerset|||||
||||BA99DR|||||
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|||||||As restated|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||funds|funds|funds|funds|
|||Note|2021f|2021|2021|2020|
|Income from:|||||||
|Donations
and legacies|||711,358|91,T22|803,080|975,398|
|Charitable
activities|||111,908||111,908|74,498|
|investments|||132||132|649|
|Other income|||53,123||53,123|47,540|
|Total income|||876,521|91,T22|968,243|1,098,085|
|Expenditure
on:|||||||
|Raising funds|||520,894||520,894|520,396|
|Charitable
activities|||190,171|48,850|239,021|351,752|
|Total expenditure|||711,065|48,850|759,915|872,148|
|Net movement
in funds|||165,456|42,8T2|208,328|225,937|
|Reconciliation
offunds:|||||||
|Total funds brought|forward as||||||
|previously
stated|||2,142,858|391,793|2,534,651|2277 171|
|Prior year adjustment|||(31,543)||(31,543)||
|Total funds
brought|forward as||||||
|restated|||2,111,315|391,793|2,503,108|2,27?,171|
|Net movement
in funds|||165,456|42,872|208,328|225,937|
|Total funds carried|forward||2,2T6,771|434,665|2,711,436|2,503,108|
##
||||||||||As restated|
|---|---|---|---|---|---|---|---|---|---|
||||||||2021||2020|
||||||Note||F||E|
|Fixed assets||||||||||
|Tangible assets|||||12||3,109,454||3,168,048|
|Investments|||||'13||1||1|
||||||||3,109,455||3.168,049|
|Current assets||||||||||
|i3ehtors||||||34,522||5Ci 6/0||
|Cash al banl'. and|in|hand||||706.363||580 954||
|Creditors: amounts|falling||due within|one||||||
|year|||||l5|(97,420)||(115.724)||
|Net current assets|||||||643,465||515,840|
|Total assets less|current||liabilities||||3,752,920||3.683,889|
|Creditors: amounts|falling||due after|more||||||
|than one year|||||||(1,041,484)||(1.180,781)|
|Net assets excluding||pension asset|||||2,711,436||2.503.108|
|Total net assets|||||||2,711,436||2.503.108|
|Charity funds||||||||||
|Restricted
funds|||||19||434,665||391,793|
|Unrestricted
funds|||||19||2,276,771||2,111,315|
|Total fun ds|||||||2,711,436||2.503,108|
##
||||||2021|2020|
|---|---|---|---|---|---|---|
|Cash flows from operating|activities||||||
|Net cash used
in operating|activities||||300,770|353,910|
|Cash flows from investing|activities||||||
|Purchase
of tangible
fixed assets|||||(12,684)|(80.797)|
|Interest received|||||132|649|
|Net cash used
in investing|activities||||(12,552)|(79,548)|
|Cash flows from financing|activities||||||
||||||',b~.ouu
'.||
||||||(8o,ur I)||
|Repayments
of finance leases|||||(5,628)|(5.062)|
|Net cash used
in financing|activities||||(155,199)|(4,783)|
|Change
in cash and cash|equivalents|in|the year||133,019|269,579|
|Cash and cash equivalents|al the beginning||of the year||580,954|3'11,375|
|Cash and cash equivalents|at the end|of|the year||713,973|580.954|
|The notes on pages 17 to 37 form part of these financial||||statements|||
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|iation
is provided
on the following|basis:|||||
|---|---|---|---|---|---|
|Freehold
property|2/0|straight|line on|main building|and 10'/0 straight|
|||line on|specific|works||
|Solar panels|4'/0|straight|line|||
|Fixtures and fittings|10'/o|straight|iine|||
|Heating
and boiler system|3/0|straight|line|||
|Computer
equipment|33'/0|straight|line|||
|Acoustic, drapes, carpet, chairs|5/0|to 10/0|straight|line||
|and kitchen||||||
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##
||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2021|2021f|2021
F|
|Donations|||676,458|91,722|?68,180|
|Distribution|from|Subsidiary|34,369||34,369|
|Grants||||||
|Similar incoming||resources|531||531|
||||711,358|91,722|803,080|
||||Unrestricted|Restricted|Total|
||||funds|funds|funds|
||||2020|2020|2020|
||||||E|
|Donations|||593,570|227,742|821,312|
|Distribution|from|Subsidiary|126,086||126,086|
|Grants|||25,000||25,000|
|Similar incoming||resources||3,000|3,000|
||||744,656|230,742|975,398|
##
|||Unrestricted|Total|
|---|---|---|---|
|||funds|funds|
|||2021|2021|
|Income relating|to recharges|89,?55|89,755|
|Other income from various sources||22,153|22,153|
|||111,908|111,908|
##
##
##
|||Unrestricted|Total|
|---|---|---|---|
|||funds|funds|
|||2020|2020|
|||E|E|
|Income relating|to recharges|39,790|39,790|
|Other income from various sources||35,308|35,308|
|||74.498|74.498|
|||Unrestricted|Total|
|||funds|funds|
|||2021|2021|
|||E|E|
|Interest receivable||132|132|
|||Unrestncted|Totat|
|||funds|funds|
|||2020|2020|
||||E|
|Interest receivable||649|649|
||||Unrestricted|Total|
|---|---|---|---|---|
||||funds|funds|
||||2021|2021|
|CJRS|Grant|claim|53,123|53,123|
##
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##
||||Unrestricted|Total|
|---|---|---|---|---|
||||funds|funds|
||||2020|2020|
|CJRS Grant claim|||48,151|48,151|
|Net (loss)/gain|on disposal of tangible|fixed assets|(611)|(611)|
||||47,540|47,540|
##
##
|||Unrestricted|Restricted|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2021|2021|2021|
||||E|E|
|All age ministry||107,652||107,652|
|Training||2,335||2,335|
|Childrens|ministry|2,523||2,523|
|Direct costs|||48,850|48,850|
|Donations||77,661||77,661|
|||190,171|48,850|239,021|
##
##
##
|||||Unrestricted|Restricted|Total|
|---|---|---|---|---|---|---|
|||||funds|funds|funds|
|||||2020f|2020f|2020f|
|All age ministry||||792,605|243|792,848|
|Training||||6,578||6,578|
|Share of|goverance||costs|40,886||40,886|
|Evangelistic||events|and courses|2 705||2,705|
|Childiens|ministry|||').07 7||2 077|
|||||323,668|28.084|357.752|
||||Activities|||
|---|---|---|---|---|---|
||||undertaken|Support|Total|
||||directly|costs|funds|
||||2021|2021|2021|
||||F|F|F|
|All age ministry|||105,252|2,400|107,652|
|Training|||2,335||2,335|
|Childrens|ministry||2,523||2,523|
|Other establishment||costs|48,850||48,850|
|Donations|||77,661||77,661|
||||236,621|2,400|239,021|
##
##
##
|||||||Activities|||
|---|---|---|---|---|---|---|---|---|
|||||||undertaken|Support|Total|
|||||||directly|costs|funds|
|||||||2020|2020|2020|
||||||||E||
||All age ministry|||||192,848||192,848|
||Training|||||6,578||6,578|
||Share ofgovernance|||costs|||40,886|40,886|
||Evangeiistic||events and courses|||2,705||2,705|
||Childrens|ministry||||2,011||2,011|
||Other establishment|||costs||28,740||28,740|
||Donations|||||77,984||77,984|
|||||||310,866|40,886|351,752|
|9.|Auditors'
remuneration||||||||
||||||||2021f|2020
E|
||Fees payable||to the Company's||auditor for the audit of the Company's||||
||annual accounts||||||3,100|3,030|
|10.|Staff costs||||||||
|||||||||2020|
|||||||||E|
||Nfages and|salaries|||||422,670|399,960|
||Social security||costs||||20,355|23,391|
||Contribution|to defined||contribution||pension schemes|8,761|4,020|
||||||||451,786|427,371|
##
##
||||2021|2020|
|---|---|---|---|---|
||||No.|No.|
|Strategy|and Wolverton|Mill site|7|7|
|Central|operations||13|13|
|Transformation|||3|3|
|Sunday|and Fox Milne|site|3|3|
|Other|||10|3|
||||36||
##
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##
##
||Freehold|Fixtures and|Computer||
|---|---|---|---|---|
||property|fittings|equipment|Total|
|Cost or valuation|||||
|At 1 September 2020|3,285,827|443,794|18,533|3,748,154|
|Additions||7,685|4,999|'I2,684|
|Disposals||(2,170)||(2,170)|
|At 31 August 2021|3,285,827|449,309|23,532|3,758,668|
|Depreciation|||||
|At 1 September 2020|361,110|201,949|17,047|580,106|
|Charge for the year|39,380|27,321|2,407|69,108|
|At 31 August 2021|400,490|229,270|19,454|649,214|
|Net book value|||||
|At 31 August 2021|2,885,337|220,039|4,078|3,109,454|
|At 3t August 2020|2,924,717|241,845|1,486|3,168,048|
##
|Cost or valuation|
|---|
|At 1 September 2020|
|At 31 August 2021|
|At 31 August
202'1|
|At 31August 2020|
##
|||2021f|2020f|
|---|---|---|---|
|Due within|one year|||
|Amounts
owed by group undertakings||9,945||
|Prepayments|and accrued income|24,577|50,610|
|||34,522|50.610|
##
##
##
||||2021|2020|
|---|---|---|---|---|
|Bank loans|||65,790|?2,349|
|Other loans||||5,000|
|Trade creditors|||8,430|3,044|
|Amounts
owed|to group undertakings|||2,615|
|Other taxation|and sociai security||6,846|?,396|
|Obligations
under finance lease and hire purchase||contracts|719|5,062|
|Pension fund loan payable|||8,121|8,841|
|Accruals and deferred
income|||7,514|11,41?|
||||97,420|115,?24|
##
||||2021|2020|
|---|---|---|---|---|
||||F|E|
|Bank loans|||1,041,484|1,120,996|
|Other loans||||58,500|
|Net obligations|under finance lease and hire purchase|contracts||/,285|
||||1,041,484|1,180,?81|
##
##
##
##
|||2021f|2020|
|---|---|---|---|
|Bank loans||1,107,274|1,193,345|
|Other loans|||63,500|
|||1,107,274|1,256,845|
|Payable|within one year|65,790|77.349|
|Payahle|after one year|1,041,484|l.179,496|
##
##
|Statement of fund|s - current year|||||
|---|---|---|---|---|---|
|||As restated||||
|||Balance at 1|||Balance at|
|||September|||31August|
|||2020|Income|Expenditure|2021|
|Unrestricted
funds||||||
|General
Funds - all|funds|2,111,315|876,521|(711,065)|2,276,771|
|Restricted funds||||||
|Towcester Plant||26,8&7|34,683|(22,659)|38,911|
|Catalyst Sphere||94|306|(400)||
|Hardship
fund||13,399|14,897|(13,324)|14,972|
|Phase 3 Building Acquisition||348,355|25,305||373,660|
|Youth groups||1,458|||1,458|
|Towcester hardship|fund|100|220||320|
|Donations
for other|charities||5,155|(5,005)|150|
|MK Hub|||5,300|(1,375}|3,925|
|DRC|||5,856|(5,130)|726|
|Samaritans
grant||1,500||(957}|543|
|||391,793|91,722|(48,850)|434,665|
|Total offunds||2,503,108|968,243|(759,915)|2,711,436|
##
##
##
|Statemen|t
of f|und|s
- prior y|ear|||||
|---|---|---|---|---|---|---|---|---|
|||||||||As restated|
|||||Balance at||||Balance at|
|||||1 September|||Transfers|31August|
|||||2019
E|Income
f|Expenditure
E|inlout
E|2020|
|Unrestricted
funds|||||||||
|General|Funds|- all|funds|2.089.696|867.343|(850,851)|5,127|2,111.315|
|Pnc4r
j fed
f1to||Ic|||||||
|Catalyst|Sphere|||515|513|(934)||94|
|Towester|I-lardship||fund||1,716|(2.540)|||
|Hardship|fund||||18,417|(5,018)||13,399|
|Kitchen||||2,978|||(2,978)||
|Pnase 3|Building|Acquisition||176.957|172,298|i900)||348355|
|Youth groups||||1.458||||1,458|
|Small groups
short|||mat||||||
|bowling||||892|1,500|(243)|(2.149)||
|Towcester
hardship|||fund||1.603|(1.503)||100|
|Samaritan|purse||||1.500|||1,500|
|||||187,475|230,742|(21,297)|(5,127)|391.793|
|Total of funds||||2,277,171|1.098,085|(872,148)||2.503,108|
##
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##
|Summar|y|offunds
- pr|ior year||||||
|---|---|---|---|---|---|---|---|---|
|||||||||As restated|
|||||Balance at||||Balance at|
||||1|September|||Transfers|31 August|
|||||2019|Income|Expenditure|in!out|2020|
|||||E|E'|E|||
|General|funds|||2,089.696|867.343|(850,851)|5.127|2,111,315|
|Restricted||funds||187.475|230.742|(21,297)|(5.127)|391,793|
|||||2,277.171|1.098.085|(87".148)||2.503.108|
|Analysis|of n|et assets between
funds
- current|year|||
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|
||||funds|funds|funds|
||||2021|2021|2021|
||||E||E|
|Tangible|fixed|assets|3,109,454||3,109,454|
|Fixed asset investments|||1|||
|Current|assets||306.220|434,665|740,885|
|Creditors|due|within one year|(97,420)||(97,420)|
|Creditors|due|in more than one year|(1,041,484)||(1,041,484)|
|Total|||2,276,771|434,665|2,711,436|
##
||As restated||As restated|
|---|---|---|---|
||Unrestricted|Restricted|Total|
||funds|funds|funds|
||2020|2020|2020|
|||E||
|Tangible fixed assets|3,168,048||3,/68,048|
|Fixed asset investments|1||1|
|Current assets|239,771|391,793|631,564|
|Creditors due within one year|(115,724)||(115,724)|
|Creditors due in more than one year|(1,180,781)||(1,180,781)|
|Total As restated|2,111,315|391,793|2,503,108|
##
||||||||2021|2020|
|---|---|---|---|---|---|---|---|---|
||Net income|for the|year (as per Statement of Financial|||Activities)|208,328|225,937|
||Adjustments|for:|||||||
||Depreciation|charges|||||69,108|92,693|
||Loss on the|sale of|fixed assets|||||611|
||Interest Received||||||(132)|(649)|
||Decrease/(increase)|||in debtors|||25,868|63,325|
||(Decrease}/increase|||in creditors|||(2,402)|(28,339)|
||Net cash provided||by operating||activities||300,770|353,578|
|23.|Analysis of|cash and cash equivalents|||||||
||||||||2021|2020|
|||||||||E|
||Cash in hand||||||713,973|580,954|
||Total cash and cash|||equivalents|||713,973|580,954|
##
##
||||At 1|||
|---|---|---|---|---|---|
||||September||At 31|
||||2020|Cash flows|August
2021|
|||||E|F|
||||E|||
|Cash at bank and||in hand|580,954|125,409|706,363|
|Debt due within|1|year|(86,190)|12,279|(73,911)|
|Debt due after|1 year||(1,179,496)|138,012|(1,041,484)|
|Finance leases|||(6,347)|5,628|(719)|
||||(691,079)|281,328|(409,751)|
##
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