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##
|||||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||||||
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|||||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|
##
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##
##
|||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|
##
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##
##
##
||||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|||||
##
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##
##
##
##
##
|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|||
##
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#
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##
||||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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##
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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)|