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2022-08-31-accounts

Page
Reference and Administrative Details ofthe Charity, its Trustees and Advisers
Chairman's Statement
Trustees'
Report		 3-9
Independent Auditors'
Report		 on the Financial Statements 10-13
Consolidated Statement ofFinancial Activities 14
Consolidated Balance Sheet 15-16
Charity Balance Sheet 17-18
Consolidated Statement ofCash Flows 19
Notes to the Financial Statements 20 - 39

REFERENCE AND REFERENCE AND REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS
FOR THE YEAR ENDED 31 AUGUST 2022
Trustees Mr J0 Awoniyi
Mr F H Clark
Mrs SJ Clark
Mr R C Davey (resigned 7 July 2022)
Ms A Devi (appointed 18October 2021)
Mr D Elliott
Mr DS Eyeington
Mr SG Halford (appointed 18October 2021)
Ms A R Russell (appointed 18October 2021)
Mr W Swepston (resigned 18October 2021)
Mr M JThorman, Chair
Mr R EWightman (resigned 7 July 2022)
Mr TWilliams
Company registered
number 06162241
Charity registered
number 1119167
Registered office The Ridgeway Centre
Featherstone Road
Wolverton
Mill
Milton Keynes
Bucks
MK12 STH
Company secretary Mrs LGrabs
Independent auditors Streets Audit LLP
Chartered
Accountants
Potton House
Wyboston
Lakes
Great North Road
Wyboston
Bedford
MK44 3BZ
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

Unrestricted Restricted Total Total
funds funds funds funds
2022 2022 2022 2021
Note 6 6 6 5
Income from:
Donations
and legacies		 663,871 158,655 822,526 850,191
Chaditable
activities		 54,532 54,532 70,155
Other trading
activities		 236,424 236,424 79,374
Investments 577 577 132
Total income 955,404 158,655 1,114,059 999,852
Expenditure
on:
Raising funds 7 154,461 154,461 73,362
Charitable
activities		 8 675,652 130,019 805,671 717,011
Total expenditure 830,113 130,019 960,132 790,373
Net income 125,291 28,636 153,927 209,489
Transfers
between		 funds 19 540 (540)
Net movement
in		 funds 125,831 28,096 153,927 209,489
Reconciliation
of		 funds:
Total funds brought forward as
previously
stated		 2,286,784 434,665 2,721,449 2,543,503
Prior year adjustment 18 (31,543)
Total funds brought forward as
restated 2,286,784 434,665 2,721,449 2,511,960
Net movement
in funds		 125,831 28,096 153,927 209,489
Total funds carried forward 19 2,412,615 462,761 2,875,376 2,721,449

2022 2021
Note 6 6
Fixed assets
Tangible assets 13 3,050,651 3,109,454
3,050,651 3,109,454
Current assets
Debtors 15 69,957 37,834
Cash at bank and in hand 845,823 735,032
915,780 772,866
Creditors: amounts falling due within one
year 16 (158,325) (119,387)
Net current assets 757,455 653,479
Total asseis less current liabilities 3,808,106 3,762,933
Creditors: amounts falling due after more
than one year 17 (932,730) (1,041,484)
Total net assets 2,875,376 2,721,449

Note 2022f 2021f
Fixed assets
Tangible assets 13 3,050,651 3,109,454
Investments 14 1 1
3,050,652 3,109,455
Current assets
Debtors 15 56,189 34,522
Cash at bank and in hand 828,499 708,383
884,688 740,885
Creditors: amounts falling due within one
year 16 (133,163) (97,420)
Net current assets 751,525 843,485
Total assets less current liabilities 3,802,177 3,752,920
Creditors: amounts falling due aRer more
than one year 17 (932,730) (f,041,484)
Total net assets 2,869,447 2,711,438

2022 2021
5 E
Cash flows from operating activities
Net cash used
in operating		 activities 201,631 289,256
Cash flows from investing activities
Dividends,
interests
and rents from investments		 577 132
Proceeds from the sale oftangible
fixed assets		 2,170
Purchase oftangible
fixed assets		 (8,248) (12,684)
Net cash used in investing activities (7,671) (10,382)
Cash flows from financing activities
Repayments
of borrowing		 (83,169) (149,571)
Net cash used in financing activities (83,169) (149,571)
Change
in cash and cash		 equivalents
in		 the year 110,791 129,303
Cash and cash equivalents at the beginning ofthe year 735,032 605,729
Cash and cash equivalents at the end of the year 845,823 735,032
The notes on pages 20 to 39form part ofthese financial statements

Freehold property - Main building
-2%straight		 line
Specific works - 10%straight
line
Land is not depreciated
Fixtures and fittings - Solar panels -4% straight line
Heating
and boiler system		 - 3%straight line
Acoustic equipment,
drapes, carpet, chairs and
kitchen equipment
-5%to		 10%straight line
Computer equipment - 33%straight
line

Unrestricted Restricted Total Total
funds funds funds funds
2022
F		 2022
E		 2022f 2021
Donations
Contributions from members 656,612 158,655 815,267 768,180
Government grants
Covid support grants 4,000 4,000 28,357
CJRS grants 1,175 1,175 53,123
661,787 158,655 820,442 849,660
Similar incoming resources 2,084 2,084 531
663,871 158,655 822,526 850,191
Total 2021 758,469 91,722 850,191

Unrestricted Total Total
funds funds funds
2022 2022 2021
E 8 8
Income relating to recharges 22,817 22,817 48,012
Other income from various sources 31,715 31,715 22,153
54,532 54,532 70,185

Unrestricted Total Total
funds funds funds
2022
5		 2022
5		 2021f
236,424 236,424 79,374

Unrestricted Total Total
funds funds funds
2022
5		 2022
5		 2021f
RCT interest received 1 1
Interest received 576 576 132
577 577 132

Unrestricted Total Total
funds funds funds
2022 2022 2021
5 6 5'
RCCL Direct costs 63,491 63,491 22,218
RCCL labour costs 90,970 90,970 51,144
154,461 154,461 73,352

Unrestricted Restricted
funds funds Total Total
2022f 2022f 2022f 2021
All age ministry 596,939 596,939 584,712
Training 4,575 4,575 2,335
Childrens Ministry 3,104 3,104 2,523
Donations 71,034 130,019 201,053 127,441
575,652 130,019 805,671 717,011
Total 2021 568,161 48,850 717,011

Activities
undertaken Support Total Total
directly costs funds funds
2022f 2022f 2022f 2021f
All age ministry 595,132 1,807 596,939 584, 7'12
Training 4,575 4,575 2,335
Childrens Ministry 3,104 3,104 2,523
Donations 201,053 201,053 127,441
803,864 1,807 805,671 717,011
Total 2021 715,304 707 717,011

All age Childrens Total Total
ministry Training Ministry Donations funds funds
2022 2022 2022 2022 2022 2021
6 6 6 6
Staff costs 350,390 350,390 405,542
Depreciation 67,051 67,051 69,106
Ministry
and
event expenditure 50,003 4,575 3,104 57,682 18,674
Rent, rates and
insurance 11,183 11,183 8,973
Cleaning,
repairs
and maintenance 16,666 16,668 17,437
Heat and light 19,380 19,380 13,23'I
ITcosts 24,565 24,565 12,765
General office
costs 16,052 16,052 16,651
1,459 1,459
Professional fees 18 18 2,400
Donations 201,053 201,053 127,441
Bank charges
and interest 26,265 26,265 21,362
Governance
costs 12,098 12,098 2,500
595,132 4,575 3,104 201,053 803,864 716,304
Total 2021 564,005 2,335 2,523 127,441 716,304
Auditors'
remuneration
2022 202'I
5
Fees payable to the Charity's
auditor		 for the audit ofthe Charity's annual
accounts 10,200 3,'lOO

Staff costs
Group Group Charity Charity
2022 2021 2022 2021
6 6 6 8
Wages and salaries 408,729 427,570 404,052 422,670
Social security costs 22,640 20,355 22,640 20,355
Contribution to defined contribution pension
schemes 9,991 8,761 9,991 8,761
441,360 456,686 436,683 451,786
The average number ofpersons employed by the Charity
during		 the year was as follows:
Group Group Charity Charity
2022 2021 2022 2021
No. No. No. No.
Strategy and Wolverton Mill site 7 7 7 7
Central operations 13 13 13 13
Transformation 3 3 3 3
Sundays 3 3 3 3
Other 5 10 5 10
31 36 31 36

2022f 2021f
Mrs SJ Clark Remuneration 28,800 28,633
Pension
contributions		 paid 677 673
Mr D S Eyeington Remuneration 20,388 26,119
Pension contributions paid 1,861 2,384
Remuneration (resigned as a
Mr R EWightman trustee 7 July 2022) 33,333 40,000
Mr TWilliams Remuneration 38,000 33,083
Pension contributions paid 3,040 2,547

Freehold Fixtures and Computer
property
6		 fittings
f		 equipment
6		 Total
6
Cost or valuation
At 1 September 2021 3,285,827 449,309 23,532 3,758,668
Additions 8,248 8,248
At 31 August 2022 3,285,827 457,557 23,532 3,'766,916
Depreciation
At 1 September 2021 400,490 229,270 19,454 649,214
Charge forthe year 39,380 25,262 2,409 67,051
At 31 August 2022 439,870 254,532 21,863 716,265
Net book value
At 31 August 2022 2,845,95'7 203,025 1,669 3,050,651
At31August 2021 2,885,337 220,039 4,078 3,109,454
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Group
2022		 Group
2021		 Charity
2022		 Charity
2021
6 5
Due within one year
Trade debtors 22,764 12,336 202
Amounts
owed by group undertakings		 16,805 9,945
Other debtors 910
Prepayments
and accrued income		 46,283 25,498 39,182 24,577
69,957 37,834 56,189 34,522
Creditors: Amounts falling due within one year
Group
2022		 Group
2021		 Charity
2022f		 Charity
2021
Bank loans (see note 17) 91,375 55,790 91,375 65,790
Trade creditors 9,532 9,608 5,494 8,430
Amounts
owed to group undertakings		 471
Other taxation
and social security		 8,267 6,935 8,175 6,845
Obligations
under finance lease and hire
purchase
contracts		 719 719
Pension
liabilities		 8,700 8,121 8,700 8,121
Other creditors 2,854 2,773 997
Accruals and deferred income 37,597 25,441 17,951 7,514
158,325 119,387 133,163 97,420

Group Group Charity Charity
2022 2021 2022 2021
6 6 6
Bank loans (see below) 932,730 1,041,484 932,730 1,041,484

Statement offu nds - current year
Balance at 1 Balance at
September
2021
E		 Income
f		 Expenditure
E		 Transfers
in/out
E		 31August
2022
6
Unrestricted
funds
Designated
funds
Ridgeway
Community		 Trust 10,013 8,786 (11,330) (1,540) 5,929
General funds
General Funds (832,683) 710,194 (688,243) 166,767 (643,965)
Fixed asset reserve 3,109,454 (67,051) 8,248 3,050,651
Ridgeway
Centre
Conferencing
Limited		 236,424 (63,489) (172,935)
2,276,771 946,618 (818,783) 2,080 2,406,686
Total Unrestricted funds 2,286.784 955,404 (830,113) 540 2,412,615
Restricted funds
Towcesler Plant 38,911 28,034 (66,945)
Catalyst Sphere 21,090 (21,090)
Hardship
fund		 14,972 2,647 (5,581) (540) 11,498
Phase 3 Building Acquisition 373,660 59,180 432,840
Youth groups 1,458 1,458
Towcester hardship fund 320 (320)
Donations
for other		 charities 150 7,284 (7,434)
MK Hub 3,925 13,250 (4,225) 12,950
DRC 726 2,314 (2,978) 62
Samaritans
Purse		 543 543
Crowhursts 24,856 (21,446) 3,410
434,665 158,655 (130,019) (540) 462,761
Total offunds 2,721,449 1,114,059 (960,132) 2,875,376

Statement offunds - prior year
As restated
Balance at Balance at
1 September 31August
2020f Income
6		 Expenditure
8		 2021
Unrestricted
funds
Designated
funds
Ridgeway
Community		 Trust 8,852 8,471 (7,310) 10,013
General funds
General
Funds		 2,111,315 876,521 (711,065) 2,276,771
Total Unrestricted funds 2,120,167 884,992 (718,375) 2,286,784
Restricted funds
Towcester Plant 26,887 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
Purse		 1,500 (957) 543
391,793 91,722 (48,850) 434,665
Total offunds 2,511,960 97S,714 (767,225) 2,721,449

Summary offunds - cu rrent year
Balance at 1 Balance at
September Transfers 31August
2021f Income Expendituref in/outf 2022f
Designated funds 10,013 8,786 (11,330) (1,540) 5,929
General funds 2,276,771 946,618 (818,783) 2,080 2,406,686
Restricted funds 434,665 158,655 (130,019) (540) 462,761
2,721,449 1,114,059 (960,132) 2,875,376
Summary offunds - prior year
As restated
Balance at Balance at
1 September 31August
2020f Income
f		 Expenditure
f		 2021f
Designated funds 8,852 8471 (7310) 10,013
General funds 2,111,315 876,521 (711,065) 2,275,771
Restricted funds 391,793 91,722 (48,850) 434,555
2,511,950 976,714 (767225) 2,721,449

Analysis ofn et assets between funds - current year
Unrestricted Restricted Total
funds funds funds
2022
f.		 2022f 2022f
Tangible fixed assets 3,050,651 3,050,651
Current assets 453,019 462,761 915,780
Creditors due within one year (158,325) (158,325)
Creditors due in more than one year (932,730) (932,730)
Total 2,412,615 462,761 2,875,376

Analysis ofn et assets between funds -prior y ear
Unrestricted Restricted Total
funds funds funds
2021
6		 2021 2021f
Tangible fixed assets 3,109,454 3,109,454
Current assets 338,201 434,665 772,866
Creditors due within one year (119,387) (119,387)
Creditors due in more than one year (1,041,484) (1,041,484)
Total 2,286,784 434,665 2,721,449
22. Reconciliation
of		 Reconciliation
of		 net movement in funds to net cash flow from operating in funds to net cash flow from operating activities
Group Group
2022 2021
6
Net income for the year (as per Statement of Financial Activities) 153,827 209,489
Adjustments for:
Depreciation charges 67,051 69,108
Dividends,
interests		 and rents from investments (577) (132)
Decrease/(increase) in debtors (12,233) 4,145
Increase/(decrease) in creditors (6,537) 6,646
Net cash provided by operating activities 201,631 289,256
23. Analysis of cash and cash equivalents
Group Group
2022 2021
6 6
Cash
in hand		 845,823 735,032
Total cash and cash equivalents 845,823 735,032

At 1
September At 31
2021 Cash flows August 2022
5 F 5
Cash at bank and in hand 735,032 110,791 845,823
Debt due within 1 year (73,911) (26,164) (100,075)
Debt due after 1 year (1,041,484) 108,754 (932,730)
Finance leases (719) 719
(381,082) 194,100 (186,982)