| Page | ||
|---|---|---|
| Charity Information | 1 | |
| Report ofthe Trustees | 2 —4 | |
| Report ofthe Independent | Examiner | |
| Statement of Financial Activities and | ||
| Income and expenditure | Account | |
| Balance Sheet | ||
| Notes tothe Report and | Financial Statements | 8-11 |
| TRUSTEES: | A Aston | |||
|---|---|---|---|---|
| PWade | ||||
| SJ Baker | ||||
| P D Hill | ||||
| Mrs J Mee | ||||
| COMPANY SECRETARY: | P Wade | |||
| REGISTERED OFFICE: | Stallings Lane |
|||
| Kingswinford | ||||
| West Midlands | ||||
| DY6 7HS | ||||
| REGISTERED COMPANY NUMBER: | 06083509 | |||
| REGISTERED CHARITY NUMBER: | 1119508 | |||
| INDEPENDENT | EXAMINER: | TCP (GB)Group | Ltd | |
| 10The Triangle | ||||
| NG2 Business Park | ||||
| Nottingham | ||||
| NG22 1AE | ||||
| BANKERS: | Barclays Bank Plc | |||
| 81 High Street | ||||
| Stourb ridge | ||||
| West Midlands | ||||
| DYB1EB | ||||
| Kingdom Bank |
||||
| Ruddington | Fields Business Park | |||
| Mere Way | ||||
| Ruddington | ||||
| Nottingham | ||||
| NG11 6JS |
| Unrestricted | Restricted | Total | Total | |||||
|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | |||||
| 2023 | 2023 | 2023 | 2022 | |||||
| E | E | E | E | |||||
| Note | ||||||||
| Income | ||||||||
| Donations and grants |
198,342 | 7,503 | 205,845 | 217,749 | ||||
| Income from charitable | activities: | |||||||
| Advancement | of | Christianity | 7,273 | 6,417 | 13,690 | 10,801 | ||
| Investment income |
279 | 279 | 1,275 | |||||
| Activities for generating | funds | |||||||
| Total income | 205,895 | 13,920 | 219,815 | 229,825 | ||||
| Expenditure | ||||||||
| Cost of raising funds | ||||||||
| Expenditure on charitable |
activities | |||||||
| Advancement | of | Christianity | 222,830 | 10,430 | 233,260 | 266,465 | ||
| Governance | costs | 1,545 | 1,545 | 1,380 | ||||
| Total expenditure | 224,375 | 10,430 | 234,805 | 267,845 | ||||
| Net (expenditure)/income | (18,480) | 3,490 | (14,990) | (39,400) | ||||
| Transfers between | funds | |||||||
| Net movement in funds |
for the year | (18,480) | 3,490 | (14,990) | (39,400) | |||
| Reconciliation offunds |
||||||||
| Total funds brought | forward | 390,800 | 210,015 | 600,815 | 640,215 | |||
| Total funds carried | forward | 12 | 372,320 | 213,505 | 585,825 | 600,815 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| Note | E | E | ||
| FIXEDASSETS | ||||
| Tangible assets | 260,298 | 256,047 | ||
| CURRENT ASSETS | ||||
| Debtors | 10 | 6,066 | 18,918 | |
| Cash at bank and in hand | 323,845 | 361,136 | ||
| 329,911 | 380,054 | |||
| CREDITORS: amounts | falling due within one year | (4,384) | (3,510) | |
| NET CURRENT ASSETS | 325,527 | 376,544 | ||
| TOTAL ASSETS LESS | LIABILITIES | 585,825 | 640,215 | |
| THE FUNDS OF THE CHARITY | ||||
| Unrestricted | 12a | 372,320 | 447,810 | |
| Restricted | 12b | 213,505 | 192,405 | |
| 585,825 | 640,215 |
| Freehold | property | between | 196and | 10%on reducing | balance |
|---|---|---|---|---|---|
| Heating system | 109oon | reducing | balance | ||
| Furniture | and equipment | 10%on | reducing | balance | |
| Computer | equipment | 259o on | reducing | balance |
| Unrestricted | Restricted | Total | Total | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | ||||||||
| 3. | Income from Advancement |
charitable activities: ofChristianity |
2023 f |
2023 f |
2023 f |
2022 f |
|||||
| Arise kids and | mothers | and | youth | 3,375 | 3,375 | 1,053 | |||||
| Youth activities | 2,058 | 2,058 | 915 | ||||||||
| Flourish | |||||||||||
| Worship team | 928 | 928 | 3,696 | ||||||||
| Shine | 4,359 | 4,359 | 1,332 | ||||||||
| Non-government | grants | 2,920 | |||||||||
| Other | 2,970 | 2,970 | 885 | ||||||||
| 7,273 | 6,417 | 13,690 | 10,801 | ||||||||
| Unrestricted | Restricted | Total | Total | ||||||||
| Funds | Funds | Funds | Funds | ||||||||
| 4. | Expenditure Advancement |
on charitable activities ofChristianity |
2023 | 2023 f |
2023 f |
2022 f |
|||||
| Direct costs | |||||||||||
| Ministry | 20,867 | 1,106 | 21,973 | 25,530 | |||||||
| Outreach | 7,601 | 7,601 | 13,878 | ||||||||
| Children's activities |
4,299 | 5,884 | 10,183 | 1,267 | |||||||
| Youth activities | 1,128 | ||||||||||
| Flourish | 158 | 158 | |||||||||
| Shine | 3,282 | 3,282 | |||||||||
| Vision 2021 | 41,327 | ||||||||||
| Other | |||||||||||
| 32,767 | 10,430 | 43,197 | 83,130 | ||||||||
| Support Costs | |||||||||||
| Staff costs | 162,099 | 162,099 | 142,893 | ||||||||
| Building and | infrastructure | 11,039 | 11,039 | 21,532 | |||||||
| Office expenses | 8,375 | 8,375 | 12,666 | ||||||||
| Depreciation | 10,095 | 10,095 | 7,624 | ||||||||
| 191,608 | 191,608 | 184,715 | |||||||||
| Total Advancement | of | Christianity | 224,375 | 10,430 | 234,805 | 267,845 | |||||
| 5. | Governance | costs | 2023 f |
2022 f |
|||||||
| Professional | fees | 1,545 | 1,380 |
| Staff costs | 2023 | 2022 | ||||
|---|---|---|---|---|---|---|
| f | f | |||||
| Wages and salaries | 141,781 | 137,586 | ||||
| Social security | costs | 15,139 | 3,132 | |||
| Pension costs | 5,179 | 2,175 | ||||
| 162,099 | 142,893 | |||||
| The average | full time equivalent | number ofemployees | was as follows: | |||
| 2023 | 2022 | |||||
| Management | 4 | 4 | ||||
| Administration | and support | 3 | 3 | |||
| Transactions | with related parties | 2023 | 2022 | |||
| Remuneration | and benefits | f | f | |||
| Trustees | ||||||
| A Aston | 39,115 | 37,603 | ||||
| 39,115 | 37,603 | |||||
| Connected | persons | |||||
| R A Baker | 11,512 | 11,066 | ||||
| J DMee | 13,243 | 12,730 | ||||
| 5 E Aston | 8,830 | 8,222 | ||||
| 33,585 | 32,018 |
| Net (expenditure)/income | Net (expenditure)/income | 2023 f |
2022 f |
|||
|---|---|---|---|---|---|---|
| The net income is | stated after charging: | |||||
| Independent | Examiners remuneration: | 1,545 | 1,380 | |||
| Depreciation | 10,096 | 7,624 | ||||
| Tangible fixed assets | ||||||
| Freehold Land |
Heating | Furniture and |
Computer | |||
| and | buildings | system | equipment | equipment | Total | |
| Cost | f | f | f | f | f | |
| At 1April 2022 | 233,344 | 55,107 | 94,670 | 6,392 | 389,513 | |
| Additions | 3,190 | 11,157 | 14,347 | |||
| At 31March 2022 | 233,344 | 55,107 | 97,860 | 17,549 | 403,860 | |
| Depreciation | ||||||
| At 1April 2022 | 30,314 | 31,386 | 65,734 | 6,032 | 133,466 | |
| Charge for year | 1,632 | 2,372 | 3,213 | 2,879 | 10,095 | |
| At 31March 2023 | 31,946 | 33,758 | 68,947 | 8,911 | 143,562 | |
| Net book value | ||||||
| At 31March 2023 | 201,398 | 21,349 | 28,913 | 8,638 | 260,298 | |
| At 31March 2022 | 203,030 | 23,721 | 28,936 | 360 | 256,047 |
| 10. | Debtors | 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|---|---|
| f | f | ||||||||
| Debtors | 6,066 | 11,308 | |||||||
| Pre payments | |||||||||
| 6,066 | 11,308 | ||||||||
| 11. | Creditors: amounts | falling due within one year | 2023 f |
2022 f |
|||||
| Trade and other | creditors | 464 | 1,381 | ||||||
| Social security and | other tax | 1,828 | 1,828 | ||||||
| Accrued expenses | 2,092 | 1,957 | |||||||
| 4,664 | 5,166 | ||||||||
| 1 | April | Incoming | Outgoing | 31March | |||||
| 12. | Funds | 2022 | Resources | Resources | Transfers | 2023 | |||
| f | f | f | f | f | |||||
| a) | Unrestricted | ||||||||
| Fixed assets | 256,047 | 4,251 | 260,298 | ||||||
| General | 134,753 | 205,895 | (224,375) | (4,251) | 112,022 | ||||
| Total unrestricted | funds | 390,800 | 205,894 | (224,375) | 372,320 | ||||
| b) | Restricted | ||||||||
| UK Ministries | 4,843 | 4,359 | (3,282) | 5,920 | |||||
| Overseas Ministries |
(19,008) | 970 | (1,105) | (19.143) | |||||
| Church planting | 251,733 | 6,533 | 258,266 | ||||||
| Youth | 5,050 | 2,058 | (6,043) | 1,065 | |||||
| Dudley MBC- Preschool | (36,722) | (36,722) | |||||||
| Grants | 4,119 | 4,119 | |||||||
| Total restricted | funds | 210,015 | 13,920 | (10,430) | 213,505 | ||||
| Unrestricted | Unrestricted | ||||||||
| 13. | Analysis ofnet | assets across funds | Fixed Assets | General | Restricted | Total | |||
| Fund | Funds | Funds | Funds | ||||||
| f | f | f | |||||||
| Fixed assets | 260,298 | 260,29& | |||||||
| Cash at bank | 110,517 | 213,328 | 323,845 | ||||||
| Other current assets | 5,889 | 177 | 6,066 | ||||||
| Current liabilities |
4,384 | 4,384 | |||||||
| Total Funds at | 31 | March 2023 | 260,298 | 120,789 | 213,505 | 585,825 |