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||||Page|
|---|---|---|---|
|Reference and administrative||details ofthe Charity, its Trustees and advisers||
|Trustees'
report|||2-16|
|Independent|auditor's
report|on the financial statements|17-20|
|Consolidated|statement
offinancial activities||21|
|Consolidated|balance sheet||22-23|
|Charity balance sheet|||24-25|
|Consolidated|statement
ofcash flows||26|
|Notes to the|financial statements||27-45|
##
##
##
|Trustees|||Fola Komolafe,|Chair|Chair||||
|---|---|---|---|---|---|---|---|---|
||||Mark Sherratt,|Senior||Pastor|||
||||Billy Ritchie, Associate|||Pastor (resigned||8 June 2021)|
||||Virginia Brown||||||
||||Bola Odunlami|(resigned|||8 March 2022)||
||||Andrew
Kiff (resigned|||5|January 2022)||
||||Peter Takacs||||||
||||Omotayo
Kufeji||||||
||||Joseph Amaeze||||||
||||Jon Keel (appointed||8|March 2022)|||
||||Gabrielle Osei|(appointed|||8 March 2022)||
||||John Els (appointed||8|March 2022)|||
|Company|registered||||||||
|number|||05982564||||||
|Charity registered|||||||||
|number|||1119304||||||
|Registered||office|Strudwick
Drive||||||
||||Oldb rook||||||
||||Milton Keynes||||||
||||MK6 2TG||||||
|Company|secretary||lan Baird||||||
|Independent||auditor|MHA Maclntyre|Hudson|||||
||||Chartered
Accountants||||||
||||Statutory Auditors||||||
||||Moorgate House||||||
||||201 Silbury Boulevard||||||
||||Milton Keynes||||||
||||Bucking hamshire||||||
||||MK9 1LZ||||||
|Bankers|||NatWest Bank|Pic|||||
||||501 Silbury Boulevard||||||
||||Saxon Gate East||||||
||||Milton Keynes||||||
||||MK9 3ER||||||
|Solicitors|||Geldards
LLP||||||
||||Dumfries
House||||||
||||Dumfries Place||||||
||||Cardiff||||||
||||CF103ZF||||||
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||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
|||Note|2021f|2021f|2021f|2020|
|Income from:|||||||
|Donations
and legacies|||874,941|159,330|1,034,271|1,026,433|
|Other trading
activities|||768,525|1,722|770,247|692,896|
|Investments|||73,441||73,441|74,927|
|Other income|||78,142||78,142|145,019|
|Total income|||1,795,049|161,052|1,956,101|1,939,275|
|Expenditure
on:|||||||
|Raising funds|||90,271||90,271|75,019|
|Charitable
activities|||1,661,500|93,119|1,754,619|1,728,737|
|Other expenditure|||5,495||5,495|8,267|
|Total expenditure|||1,757,266|93,119|1,850,385|1,812,023|
|Net income|||37,783|67,933|105,716|127,252|
|Transfers
between|funds|20|50,139|(50,139)|||
|Total transfers|||50,139|(50,139)|||
|Net movement
in|funds||87,922|17,794|105,716|127,252|
|Reconciliation
of|funds:||||||
|Total funds brought|forward||2,711,597|210,435|2,922,032|2,794,780|
|Net movement
in funds|||87,922|17,794|105,716|127,252|
|Total funds carried forward|||2,799,519|228,229|3,027,748|2,922,032|
##
##
||||Note||2021f||2020|
|---|---|---|---|---|---|---|---|
|Fixed assets||||||||
|Tangible assets|||13||2,833,994||2,936,192|
||||||2,833,994||2,936,192|
|Current assets||||||||
|Stocks|||15|||1,125||
|Debtors|||16|29,424||26,084||
|Cash at bank and|in hand|||579,102||540,485||
|||||608,526||567,694||
|Creditors: amounts|falling due within one|||||||
|year|||17|(157,864)||(162,763)||
|Net current assets|||||450,662||404,931|
|Total assets less|current liabilities||||3,284,656||3,341,123|
|Creditors: amounts|falling due after more|||||||
|than one year|||18||(256,908)||(419,091)|
|Net assets excluding||pension asset|||3,027,748||2,922,032|
|Total net assets|||||3,027,748||2,922,032|
|Charity funds||||||||
|Restricted
funds|||20||228,229||210,435|
|Unrestricted
funds|||20||2,799,519||2,711,597|
|Total funds|||||3,02'7,748||2,922,032|
##
||||||2021||2020|
|---|---|---|---|---|---|---|---|
||||Note||E|||
|Fixed assets||||||||
|Tangible assets|||13||2,832,101||2,935,684|
|Investments|||14||100||100|
||||||2,832,201||2,935,784|
|Current assets||||||||
|Stocks|||15|||1,125||
|Debtors|||16|42,183||43,003||
|Cash at bank and|in hand|||540,308||525,452||
|||||582,491||569,580||
|Creditors: amounts|falling due within one|||||||
|year|||17|(130,244)||(157,508)||
|Net current assets|||||452,247||412,072|
|Total assets less|current liabilities||||3,284,448||3,347,856|
|Creditors: amounts|falling due after more|||||||
|than one year|||18||(256,908)||(419,091)|
|Net assets excluding||pension asset|||3,027,540||2,928,765|
|Total net assets|||||3,027,540||2,928,765|
|Charity funds||||||||
|Restricted funds|||20||257,812||210,435|
|Unrestricted
funds|||20||2,769,728||2,718,330|
|Total funds|||||3,027,540||2,928,765|
##
##
|||2021|2020|
|---|---|---|---|
|||E||
|Cash flows from operating
activities||||
|Net cash used
in operating
activities||1,478|215,806|
|Cash flows from investing
activities||||
|Investment
income||73,411|74,927|
|Proceeds from the sale oftangible
fixed assets||267||
|Purchase oftangible
fixed assets||(36,539)|(224,186)|
|Net cash provided
by/(used
in) investing|activities|37,139|(149,259)|
|Cash flows from financing
activities||||
|Cash inflows from new borrowing|||113,001|
|Net cash provided
by financing
activities|||113,001|
|Change
in cash and cash equivalents
in|the year|38,617|179,548|
|Cash and cash equivalents
at the beginning|ofthe year|540,485|360,937|
|Cash and cash equivalents
at the end of|the year|579,102|540,485|
|The notes on pages 27 to45 form part ofthese financial statements||||
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|Freehold
property|- 2%/10%|
|---|---|
|Motor vehicles|20%|
|Fixtures and fittings|- 20% / 25% / 333%|
|Office equipment|- 25%|
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||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|
||funds|funds|funds|funds|
||2021|2021|2021|2020|
||E|E|||
|Donations|||||
|Tithes and offerings|738,984||738,984|723,854|
|All In income||59,602|59,602|79,046|
|Mission Income||66,000|66,000|(95,478)|
|Gift Aid Received|135,957||135,957|128,055|
|Subtotal detailed disclosure|874,941|125,602|1,000,543|835,477|
|Grants||33,728|33,728|190,956|
|Subtotal||33,728|33,728|190,956|
||874,941|159,330|1,034,271|1,026,433|
|Total 2020|851,909|174,524|1,026,433||
##
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##
|||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||funds|funds|funds|funds|
|||||2021|2021|2021|2020|
||||||F||f.|
|Other ministry||income||9,714||9,714|23,541|
|Childcare|income|||687,053|1,722|688,775|607,767|
|Coffee shop and conferencing|||income|71,758||71,758|61,588|
|||||768,525|1,722|770,247|692,896|
|Total 2020||||692,246|650|692,896||
##
|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2021f|2021
E|2020|
|Rental|income|73,384|73,384|74,552|
|Bank|interest|57|57|375|
|||73,441|73,441|74,927|
##
|||Unrestricted|Total|Total|
|---|---|---|---|---|
|||funds|funds|funds|
|||2021|2021|2020|
|||E|||
|Furlough|income|78,142|78,142|145,019|
|||78,142|78,142|145,019|
##
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##
##
|||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|
|||||funds|funds|funds|
|||||2021f|2021f|2020f|
|Trading|costs|||66,058|66,058|68,844|
|Charges|against|rental|income|6,290|6,290|6,175|
|||||72,348|72,348|75,019|
##
||||||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|---|---|
||||||||funds|funds|funds|
||||||||2021|2021f|2020|
|Trading|profits|gift|aided|to|the|charity|17,923|17,923||
##
|||Unrestricted|Restricted|||
|---|---|---|---|---|---|
|||funds|funds|Total|Total|
|||2021|2021
f.|2021|2020f|
|Childcare costs||591,263||591,263|616,824|
|Ministry costs||672,492|18,921|691,413|633,476|
|Mission giving||34,722|66,000|100,722|130,402|
|Property
and|administration|354,971|8,198|363,169|340,373|
|Governance|costs|8,052||8,052|7,662|
|||1,661,500|93,119|1,754,619|1,728,737|
|Total 2020||1,522,652|206,085|1,728,737||
##
##
||||||Unrestricted|Total|Total|
|---|---|---|---|---|---|---|---|
||||||funds|funds|funds|
||||||2021|2021|2020|
||||||F|E|E|
|Interest|paid|on|Natwest|loan|5,495|5,495|8,267|
##
||||Activities||||
|---|---|---|---|---|---|---|
||||undertaken|Support|Total|Total|
||||directly|costs|funds|funds|
||||2021|2021|2021|2020|
||||E|E|F|F|
|Childcare costs|||89,900|501,363|591,263|616,824|
|Ministry|costs||288,931|402,482|691,413|633,476|
|Mission|giving||100,722||100,722|130,402|
|Property|and|administration|242,168|121,001|363,169|340,373|
|Governance||costs||8,052|8,052|7,662|
|Total 2021|||721,721|1,032,898|1,754,619|1,728,737|
|Total 2020|||705,337|1,023,400|1,728,737||
##
##
##
##
||||2021|2020|
|---|---|---|---|---|
||||F||
|Fees payable to the Charity's|auditor for the audit ofthe Charity's|annual|||
|accounts|||5,100|4,950|
##
|an e|mployment
with the Chari|ty. The value ofTrustees'
remunerati|on
and oth|er benefits was a|s follows:|
|---|---|---|---|---|---|
|||||2021|2020|
|||||E||
|Billy|Ritchie|Remuneration||17,385|43,137|
|||Pension contributions|paid|1,104|2,588|
|Mark|Sherratt|Fees||53,140|53,209|
|Fola|Komolafe|Fees||43,120|42,300|
##
##
##
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##
||Freehold|Motor|Fixtures and|Office||
|---|---|---|---|---|---|
||property|vehicles|fittings|equipment|Total|
|Cost or valuation||||||
|At 1 January 2021|3,796,607|14,750|291,730||4,103,087|
|Additions|12,438||22,229|1,872|36,539|
|Disposais|(900)||(10,184)||(11,084)|
|At 31 December 2021|3,808,145|14,750|303,775|1,872|4,128,542|
|Depreciation||||||
|At 1 January 2021|937,036|9,833|220,026||1,166,895|
|Charge for the year|106,641|2,950|28,879||138,470|
|On disposais|(900)||(9,917)||(10,817)|
|At 31 December 2021|1,042,777|12,783|238,988||1,294,548|
|Net book value||||||
|At 31 December 2021|2,765,368|1,967|64,787|1,872|2,833,994|
|At 31December 2020|2,859,571|4,917|71,704||2,936,192|
##
##
##
##
||Freehold|Motor|Fixtures and||
|---|---|---|---|---|
||property|vehicles|fittings|Total|
|||E||E|
|Cost or valuation|||||
|At 1 January 2021|3,796,607|14,750|287,946|4,099,303|
|Additions|12,438||22,229|34,667|
|Disposais|(900)||(9,544)|(10,444)|
|At 31 December 2021|3,808,145|14,750|300,631|4,123,526|
|Depreciation|||||
|At 1 January 2021|937,036|9,833|216,750|1,163,619|
|Charge for the year|106,641|2,950|28,395|137,986|
|On disposais|(900)||(9,277)|(10,177)|
|At 31 December 2021|1,042,777|12,783|235,868|1,291,428|
|Net book value|||||
|At 31 December 2021|2,765,368|1,967|64,763|2,832„098|
|At 31December 2020|2,859,571|4,917|71,196|2,935,684|
##
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##
||Investments|
|---|---|
||in|
||subsidiary|
|Charity|companiesf|
|Cost or valuation||
|At 1 January 2021|100|
|At 31 December 2021|100|
|Net book value||
|At 31 December 2021|100|
|At 31December 2020|100|
##
|The following|was a subsidiary
undert|aking
ofthe Charity:||||||
|---|---|---|---|---|---|---|---|
|Name||Company|Registered
office||or principal||Holding|
|||number|place of|business||||
|MKCC Limited||09924457|Christian|Centre Strudwick||Drive,|100%|
||||Oldbrook,|Milton Keynes,||||
||||Buckinghamshire,||United|||
||||Kingdom,|MK6 2TG||||
|The financial|results ofthe subsidiary|for the year were:||||||
|Name|||||Profit for
the yearf||Net assetsf|
|MKCC Limited|||||6,941||208|
##
##
##
##
||||||||Group|Group|Charity|Charity|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||2021|2020|2021|2020|
||||||||F|F|F|F|
||Finished goods||and goods for resale|||||1,125||1,125|
|16.|Debtors||||||||||
||||||||Group|Group|Charity|Charity|
||||||||2021|2020|2021|2020|
||||||||E|F|F||
||Due within one year||||||||||
||Trade debtors||||||8,179|7,533|1,417|4,341|
||Amounts
owed||by group undertakings||||||20„077|20,191|
||Other debtors||||||1,230|194|1,230|114|
||Prepayments|and accrued income|||||7,002|5,457|6,446|5,457|
||Tax recoverable||||||13,013|12,900|13,013|12,900|
||||||||29,424|26,084|42,183|43,003|
|17.|Creditors: Amounts|||falling|due within one year||||||
||||||||Group|Group|Charity|Charity|
||||||||2021|2020|2021|2020|
||||||||F|F|F|F|
||Bank loans||||||23,719|23,718|23,719|23,718|
||Trade creditors||||||29,413|36,820|29,026|36,792|
||Amounts
owed||to associated||undertakings||26,887||8,935||
||Other taxation||and social security||||15,726|17,129|14,520|16,157|
||Other creditors||||||25,404|15,978|17,329|11,723|
||Accruals and nursery|||grant deferred||income|36,?15|69,118|36,715|69,118|
||||||||157,864|162,763|130,244|157,508|
##
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##
|19.|Financial|instruments||||||
|---|---|---|---|---|---|---|---|
|||||Group|Group|Charity|Charity|
|||||2021|2020|2021|2020|
|||||F|F|F|F|
||Financial|assets||||||
||Measured|at amortised|cost|579,102|540,485|540,308|525,453|
##
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|Statement|offunds - prior ye|ar|||||
|---|---|---|---|---|---|---|
|||||||Balance at|
|||Balance at||||31|
|||1 January|||Transfers|December|
|||2020|Income|Expenditure|in/out|2020|
||||F|E|||
|Unrestricted|funds||||||
|General Funds - all funds||2,021,182|1,764, 101|(1,605,938)|13,810|2,193,155|
|Fixed asset||518,442||||518,442|
|||2,539,624|1,764,101|(1,605,938)|13,810|2,711,597|
|Restricted|funds||||||
|All In||251,546|79,046|(108,394)|(13,810)|208,388|
|Mission|||95,478|(95,478)|||
|Konnect||333||||333|
|Nursery||3,277|650|(2,213)||1,714|
|||255,156|175,174|(206,085)|(13,810)|210,435|
|Total offunds||2,794,780|1,939,275|(1,812,023)||2,922,032|
##
|Analysis|of n|et assets between funds - current|year|||
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|
||||funds|funds|funds|
||||2021|2021|2021|
||||||E|
|Tangible|fixed|assets|2,833,994||2,833,994|
|Current|assets||380,297|228,229|608,526|
|Creditors|due|within one year|(157,864)||(157,864)|
|Creditors|due|in more than one year|(256,908)||(256,908)|
|Total|||2,799,519|228,229|3,027,748|
##
##
##
##
##
|Analysis of net assets between
funds - prior y|ear|||
|---|---|---|---|
||Unrestricted|Restricted|Total|
||funds|funds|funds|
||2020|2020|2020|
|||E|E|
|Tangible fixed assets|2,936,192||2,936,192|
|Current assets|357,259|210,435|567,694|
|Creditors due within one year|(162,763)||(162,763)|
|Creditors due in more than one year|(419,091)||(419,091)|
|Other unallocated|(2)||(2)|
|Ttl|2,711,595|210,435|2,922,030|
##
||||||Group|Group|
|---|---|---|---|---|---|---|
||||||2021|2020|
||||||E||
|Net income for the|year|(as per Statement||of Financial Activities)|105,716|$27,252|
|Adjustments
for:|||||||
|Depreciation
charges|||||138,470|130,521|
|Other interest receivable||and similar income|||(73,411)|(74,927)|
|Decrease
in stocks|||||1,125|103|
|Decrease/(increase)|in debtors||||(3,340)|33,604|
|Decrease
in creditors|||||(167,082)|(747)|
|Net cash provided|by operating||activities||1,478|215,806|
##
##
|||Group|Group|
|---|---|---|---|
|||2021|2020|
|||F|F|
|Cash|in hand|579,102|540,485|
|Total|cash and cash equivalents|579,102|540,485|
##
||||At 1||At 31|
|---|---|---|---|---|---|
||||January||December|
||||2021|Cash flows|2021|
||||||F|
|Cash|at bank and|in hand|540,485|38,617|579,102|
|Debt|due within
1|year|(23,718)|(8,610)|(32,328)|
|Debt|due after 1 year||(419,091)|162,183|(256,908)|
||||97,676|192,190|289,866|
##
|payments|und|er non-cancellable
operating
lease|s as follows:||||
|---|---|---|---|---|---|---|
||||Group|Group|Charity|Charity|
||||2021|2020|2021|2020|
||||E|E|F|E|
|Not later than||1 year|3,158|4,211|3,158|4,211|
|Later than|1 year and not later than 5years|||3,158||3,158|
||||3,158|7,369|3,158|7,369|
##
##
##
|The principal contacts and|addresses
of LightForce
Intern|
|---|---|
|Mr G Ridley|Mr lan Baird|
|LightForce International|Into the Community|
|Strudwick
Drive|Strudwick
Drive|
|Oldb rook|Oldb rook|
|Milton Keynes|Milton Keynes|
|MK6 2TG|MK6 2TG|
|www. Iightforce. org.uk|www. mkfoodbank. org.uk|