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2023-03-31-accounts

Trustees Mr I Chiddle
Ms E Curtsyne
Mr M Fskley
Mr P Grant
Mr R Hemming
Ms SEau (Appointed 16January 2023)
MrSMclntyre (APpointed 16January 2023)
Mm H Quershie (Appointed 16January 2023)
MrJTrencher (Appointed 16January 2023)
Secretary Mr G Brombley
Charity number 1119560
Company number 06212770
Registered office Sovereign
Place
Upper Northern Road
Hedge End
Southampton
Hampshire
60304BZ
Auditor Jones Avens Umited
Piper House
4 Dukes Court
Bognor Road
Chichester
West Sussex
PO19SFX
Bankers Bardays Bank pic
PO Box612
Bardays House
Southampton
Hampshire
BX32BB
Triodos Bank NV
Deanery Road
Bristol
SS1 5AS

Trustees' report
Independent
auditor's		 report
Statement offinancial actlvttise
Balance sheet
Statement
ofcash flows
Notes to the dnanclat statements

Unrestricted Restricted Total Unrestricted Restricted Total
funds fulids funds funds
2023 2023 2023 2022 2022 2022
Notes E E E E E
Iuuuuufmuu
Donations
and
legacies 3 980,694 84,718 1,065,612 710,703 247,338 958,041
Charitable
activities		 4 21,324 1,416 22,740 6,725 8,827 15,552
Other tradmg
activities 5 221,748 221,748 98,873 98,873
investments 6 563 563 28 28
Other income 7 108,601 108,601 103,578 103,578
Total Income 1,333,130 86,134 1,419,264 919,907 256,165 1,176,072
Ettggtugtufugm
Raising funds 8 146,762 146,762 103,962 103,962
Chantable
activities		 9 1,179,090 117,868 1,296,958 875,789 247,255 1,123,024
Total expenditure 1,325,852 117,868 1,443,720 979,731 247,255 1,226,986
Net gains/(losses) on
investments 14 297,900 297,900 (1,902) (1,902)
Net incoming/(outgoing)
resources before
transfers 305,178 (31,734) 273,444 (61,726) 8,910 (52,816)
Gross transfers
between
funds		 24 121,069 (121,069) 34,000 (34,000)
Net income/(expenditure)
for the year
Net movement in funds 426,247 (152,803) 273,444 (27,726) (25,090) (52,816)
Fund balances at 1 April
2022 2,783,740 279,614 3,063,354 2,811,488 304,704 3,116,170
Fund balances at 31
March 2023 3,209,987 126,811 3,33S,79S 2,783,740 279,614 3,083,354

Un estrtcted Restkcted Total Unrestricted Restricted Total
funds funds funds funds
2023 2023 2022 2022
Notes E E E E
lgggtge.ftgm.
Donabons
and
legades 3 980,894 84,718 1,065,612 710,703 247,338 958,041
Charitable
adivities		 4 21,324 1,416 22,740 6,725 8,827 15,552
Investments 6 563 9,301 9,301
Other Income 7 106,101 106,101 169,412 169,412
Total Income 1,108,882 86,134 1,195,016 896,141 256,165 1,152,306
Raising funds 79,053 79,053
Charitable
adivities		 9 1,179,090 117,668 1,296,958 874,626 247,255 1,121,881
Total expenditure 1,179,090 117,868 1,296,958 953,679 247,255 1,200,934
Net gains/(losses) on
invesbnents 14 297,900 297,900 (1,902) (1,902)
Net incoming/(outgoing)
resources
before
transfers 227,692 (31,734) 195,958 (59,440) 8,910 (50,530)
Gross transfers
between funds 24 121,069 (121,069) 34,000 (34,000)
Net Income/(expenditure)
forthe year
Net movement in funds 348,761 (152,803) 195,958 (25,440) (25,090) (50,530)
Fund balances at 1 Apn1
2022 2,779,714 279,614 3,059,328 Z805,154 304,704 3,109,858
Fund balances at 31
March 2023 3,128,475 126,811 3255,286 2,779,714 279,614 3,059,328

2023 2022
Notes 6 5
Fixed assets
Tangible assets 4,934,580 5,261,324
Investment
property		 495,000
5,429,580 5,261,324
Current assets
Stocks 774 774
Debtors 225,311 138,282
Cash at bank and in hand 362,821 421,595
588,906 560,651
Creditors: amounts faglng due within
one year (237,886) (245,236)
Net current assets 351,020 315,415
Total assets less current liabilities 5,780,600 5,576,739
Creditom: amounts falling due after
more than one year 22 (2,443,802) (2,513,385)
Net assets 3,336.798 3,063,354
Income funds
Restricted funds 24 126,811 279,614
Designated
funds'.
Fixed Asset fund 2,895,960 2,639,877
2,895,960 2,639,877
General unrestricted funds 314,027 143,863
3,209,987 2,783,740
3,336,798 3,063,354
The financial statements
were approved
Iv( t-.+		 by the Trustees on ......./, !I..7r:3.
7/
l l I 7
Mr M Fakley
Trustee

Notes 2023
f		 2022
6
glacd assets
Tangible assets
Investment
property
Investments		 16
17
29		 4,930,368
495,000
1,000		 5,255,249
1,000
Current assets 5,426,368 5,256,249
Debtors 19 177,633 152,349
Cash at bank and in hand 330,861 407,327
508,494 559,676
Creditomt
amounts		 falling due within
one year (235,774) (243,212)
Net current assets 272,720 316,464
Total assets less current liabilities 5,699,088 5,572,713
Creditors: amounts faglng due after
more than one year 21 (2,443,802) (2,513,385)
Net assets 3,255,286 3,059,328
Income funds
Restricted funds 126,811 279,614
I)gtastggttatfggds
Designated
funds:
Ptxed Asset fund 25 2,895,960 2,637,604
2,895,960 2,637,604
General unrestricted funds 232,515 142,110
3,128,475 2,779,714
3,255486 3,059,328

2023 2022
Notes E 6 E
Cash gows from operating activities
Cash generated
from operations		 30 80,680 148,994
Investing activities
Purchase oftangible
fixed assets		 (46,724) (48,088)
Proceeds from disposal of investments (1,902)
Investment income received 563 28
Net cash used
in Investing		 activities (48,161) (49,962)
Financing acbvities
Repayment ofbank loans (93,293) (109,205)
Net cash used
in financing		 activities (93,293) (109,205)
Net decrease
in cash and		 cash equivalents (58,774) (10,173)
Cash and cash equivalents at beginning ofyear 421,595 431,768
Cash and cash equivalents at end of year 362,821 421,595

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Unrestricted Unrestricted
funds funds
2023 2022
f. 8
221,748 98,873
Non-charitatae trading achvities 221,748 98,873
8 Investments
Unrestricted Unrestricted
funds funds
2023 2022
6 6
Interest receivaUe 28
7 Other income
Unrestricted Unrestricted
funds funds
2023
5
Car park rental and miscellaneous income 17,912 11,740
018cerent income 86,189 76,000
Coronavirus grants, CJRSand other income 2,500 15,838
108,601 103,578

Unrestricted Unrestricted
funda funds
2023 2022
5 6
ItiKIlgttggata
Operating trading company undensking non-charitable trading activity 67,181 24,909
Other trading activities 1,757
Staff costs 77,583 71,146
Support costs 1,998 6,150
Trading costs 146,762 103,962
146,762 103,962

Church Youth Work Communitylntematlonal Communitylntematlonal Total
Activities outreach outreach 2022
2023 2023
5 5
Stall costs 289,550 67,217 5,171 398,132 386,414
Activities undertaken
directly 28,903 36,173 25,821 6,398 97,295 326,228
Pastoral costs 1,67D 272 2,305 4,247
Office and
administration
costs		 5,954 1,015 3,021 10,044
Property
&equipment
running
and
maintenance 105,048 1,434 5,069 111,551
431,125 106,111 72,410 11,623 621,269 712,640
Grant funding of
activities (see note 10) 9,456 7,795 61,550 78,801 70,092
Share ofsupport costs
(see note 11) 392,334 96,562 74,457 10,577 573,930 332,280
Share ofgovernance
costs (see note 11)		 15,694 3,863 2,978 423 22,958 8,012
848,609 206,536 157,640 84,173 1496,958 1,123,024
Analysis
by fund
Unrestricted
funds		 837,738 206,536 118,645 16,171 1,179,090 875,769
Restricted funds 10,871 38,995 BB,DD2 117,868 247,255
848,609 206,536 157,640 84,173 1,296,958 1,123,024

Forthe year ended $1 INarch 2022
Church Youth Work Communltylntematlonal Total
Activities outreach outreach 2022
E E E E E
Staff costs 246,885 82,187 22,049 35,293 386,414
Activities undertaken directly 259,831 12,041 44,606 9,748 326,226
506,716 94,228 68,655 45,041 712,840
Grant funding ofactivities (see note 10) 28,212 501 41,379 70,092
Share ofsupport costs (see note 11) 287,395 8,817 18,434 17,634 332,280
Share ofgovernance costs (see note 11) 6,009 401 801 801 8,012
828,332 103,446 86,391 104,855 1,123,024
Analysis
by fund
Unrestricted
funds		 656,427 102,109 53,944 63,289 875,769
Restricted funds 171,905 1,337 32,447 41,566 247,255
828,332 103,446 86,391 104,855 1,123,024
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11 SUpport costs SUpport costs
Support Governance 2023 Support Governance 2022
costs costs costs costs
E E E E
Staff costs 118,926 118,926 97,474 97,474
Depreciation 167,186 167,186 167,676 167,676
Other costs 15,728 15,728 73,280 73,280
Pastoral costs 1,519 1,519
Office and administration
costs 192,403 192,403
Property
& equipment
mnning
and		 maintenance 69,550 69,550
Grant related costs 8,818 8,818
Audit fees 5,790 5,790 3,620 3,620
Accountancy 18,208 18,208 3,150 3,150
Legal and professional 958 958
Unrecovered VAT on
audit and accountancy 1,242 1,242
573,930 24,956 598,886 338,430 8,012 346,442
Trading 1,998 1,998 6,150 6,150
Charitable
activities		 573,930 22,958 596,888 332,280 8,012 340,292
573,930 24,956 598,886 338,430 8,012 346,442

The average mouthy number ofemployees during the year, calculated on a full-time equivalent basis, was:
2023 2022
Number Number
Church acbvNes
Youth work
Community
outreach
International
outreach
Management
and administration
Subsidiary
companies
20 20
Employment
costs		 2023f 2022f
yybges and salaries 538,966 504,945
Social security costs 32,127 27,155
Other pension costs 23,548
594,641 555,034

Unresbkted Unrestricted
funds funds
2023
f.		 2022f
Revaluation of investments 297,900
Gainlgoss) on sale ofinvestments (1,902)
297,900 (1,902)

16 Tangible fixed assets fixed assets
Group FreeholdFixtures
and		 Motor Total
land and tittings vehicles
buildings
E E
Cost
At 1 April 2022 6,405,508 532,614 4,000 6,942,122
Additions 35,271 11,453 46,724
Transfer to investment property (273,750) (273,750)
At 31 March 2023 6,167,029 544,067 4,000 6,715,096
Depreciation and impairment
At 1 April 2022 1,271,428 411,478 4,000 1,686,906
Deprecation charged in the year 115,703 54,557 170,260
Transfer to investment property (76,650) (76,650)
At 31 March 2023 1,310,481 466,035 4,000 1,780,516
Denying amount
At 31 March 2023 4,856,548 78,032 4,934,580
At 31 March 2022 5,134,080 121,136 5,255,216
Charity only Freehold Fixtures and Freehold Fixtures and Motor Total
land and fittings vehicles
buildings
E
Cost
At 1April 2022 6,405,508 492,826 4,000 6,902,334
Additions 35,271 6,188 41,459
Transfer to investment property (273,750) (273,750)
At 31 March 2023 6,167,029 499,014 4,000 6,670,043
Depreciation and impairment
At 1 April 2022 1,271,428 372,711 4,000 1,648,139
Depreciation charged in the year 115,703 52,483 168,186
Transfer to investment property (76,650) (76,650)
At 31 March 2023 1,310,48'1 425,194 4,000 1,739,675
Canying amount
At 31 March 2023 4,556,548 73,820 4,930,368
At 31 March 2022 5,134,080 120,115 5,254,195

Investmen t
propertY
2023f
Fair value
At 1 April 2D22
Transfers from owner-occupied properly 197,100
Net gains orlosses through fair value adjustments 297,900
At 31 March 2023 495,DOO

19 Debtors
Group Charity Group Charity
2023 2023 2022 2022
Amounts
falling due within		 one year. E E E E
Trade debtors 60,255 914 48,102 33,057
Amounts
owed by subsidiary
Other deb(ors		 undertakings 159,755 11,663
159,755		 81,617 29,112
81,617
Prepeyments
and accrued income		 5,301 5,301 8,563 8,563
225,311 177,633 138,282 152,349
20 Cmdltors: amounts
falgng		 due within one year
Group Charity Group Charity
2023 2023 2022 2022
Notes E E E E
Bank loans 22 85,605 85,605 109,315 109,315
Other taxation and social security 9,214 9,878 18,119 18,119
Trade creditors 48,372 44,269 24,687 22,478
Amounts
awed to subsidiary
undertakings 2,327 2,244
Other creditors 15,258 15,258 4,311 4,311
Accruals end deferred income 79,437 78,437 88,804 86,745
237,888 235,774 245,236 243,212
21 Creditarsr
amounts
faglng		 due after mare than one year
2023 2022
Notes E E
Bank loans 22 2,443,802 2,513,385
22 Loans and overdrafts
2023 2022
E E
Bank loans 2,529,407 2,622,700
Payable
within ane year		 85,605 109,315
Payable after one year 2,443,802 2,513,385
Amounts
induded
above which		 fall due after five years:
Payable
by instalments		 2.034,859 2,044,968

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Group
Balance at Transfers Bslscccat Resources Transfers Rsvslueticns, Balance st
1Aprg 2021 1Aprg 2022 expended gains and 31March 2023
losses
f E f
Fixed asset
fund 2,564,000 75,877 2,637,604 (167,186) 127,642 297,900 2,895,960
Charity
Balance at Trsccfcm Balance at Trscsfsm Revsluaaons, Balance at
1 April 2021 1Apnl 2022 gains end 31Merrh 2023
losses
E E f f E f
Fixed asset
fund 2,564,000 75,877 2,637,604 (167,186) 127,642 297,900 2,895,960
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27 Capital commitments Capital commitments 2023 2022
E E
'
At 31 March 2023 the charity had capital commitments as follows.
Contracted
for but		 not provided in the financial statements:
Acquisition
of property,		 plant snd equipment 27,000
28 Related parly transactions
Remuneration
of		 key management pemonnel
The remuneration of key management personnel is as follows.
2023 2022
E E
Aggregate
compensation		 154,836 231,000
During the year the spouse of a trustee was employed, in operational Church duties. The salary paid for the
pened
in question		 was E7,487 (2022: EO).

Details ofthe charity's subsidiaries
at 31 March 2023 sre as follows;		 subsidiaries
at 31 March 2023 sre as follows;
Name ofundertaking Registered Nature ofbusiness Class of %Held
oNce shares held Direct indirect
KCC Enterpnses
I td		 England Corporate events and running Ordinary 100.00
ofa cafe

8
Tatal assets 99,279
Total flabilitles
Total funds 82,513
Total turnover 224,248
Total expenditure
Profit/(Loss)
for		 the year)
30 Cash generated fram operations 2023
6
Surplus/(delicit) for the year 273,444 (52,816)
Adjustments
for.
Investment
income recognised		 in statement offinancial activities (563) (28)
(Gain)/loss
on disposal		 ofinvestments 1,902
Fair value gains and losses on investments (297,900)
Depreciation
and impairment		 oftangible fixed assets 167,186 167,676
Movements
in working		 capitaL
gncrease)
in stocks		 (620)
(Increase)
in debtors		 (75,520) (45,432)
Increase in creditors 14,033 78,312
Cash generated from operabons 80,680 148,994
31 Analysis ofchanges ln net (debt)/funds
At 1 Apru 3032 Cash flowsAt 31atsrrh 2023
8 6
Cash at bank and in hand 421,595 (58,774) 362 821
Loans falling due within one year (109,315) 23,710 (85605)
Loans falling due after more than ane year (2,513,385) 69,583 (2,443,802)
(2,201,105) 34,519 (2,166,586)

Changes to the balance sheet
At 31 March 2022
As previously Adjustment As restated
repartsd
E E E
Fixed assets
Tangible assets 5,177,447 83,877 5,261,324
Capital funds
Income funds
Restricted funds 279,614 279,614
Designated
funds		 2,553,727 83,877 2,637,604
Unrestricted
funds		 146,136 146,136
Total equity 2,979,477 83,877 3,063,354
Changes tothe profit and loss account
Period ended 31 March 2022
As previously Adjustment As restated
reps rtsd
E E E
Net movement in funds (52,816) (52,816)