| Charity Information | |||
|---|---|---|---|
| Report ofthe Trustees | |||
| Report ofthe Independent | Examiner | ||
| Statement of Financial | Activities | ||
| Balance Sheet | |||
| Notes to the Financial | Statements | 8-16 |
| Total | Total | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Funds | Funds | |||
| Funds | Funds | 2023 | 2022 | |||
| Note | f | f | f | |||
| Income | ||||||
| Income and endowments | from: | |||||
| Donations and legacies |
53,824 | 306,341 | 360,165 | 321,631 | ||
| Charitable activities |
543 | 29,300 | 29,843 | 36,033 | ||
| Other trading activities |
92,586 | 92,586 | 87,535 | |||
| Investment income |
902 | 273 | 1,175 | 43 | ||
| Total income | 147,855 | 335,914 | 483,769 | 445,242 | ||
| Expenditure on: |
||||||
| Charitable activities |
220,888 | 217,221 | 438,109 | 388,199 | ||
| Total expenditure | 220,888 | 217,221 | 438,109 | 388,199 | ||
| Net income before transfers | (73,033) | 118,693 | 45,660 | 57,043 | ||
| Transfers | ||||||
| Gross transfers between |
funds | 11,650 | (11,650) | |||
| Net movements in funds |
(61,383) | 107,043 | 45,660 | 57,043 | ||
| Reconciliation offunds | ||||||
| Total funds brought forward |
403,590 | 453,794 | 857,384 | 800,341 | ||
| Total funds carried forward | 342,207 | 560,837 | 903,044 | 857,384 |
| Donations | a | nd legacies | ||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Funds | Restricted | Funds | Total | Funds | |||
| 2023 | 2022 | 2023 | 2022 | 2023 | 2022 | |||
| f | f | f | f | f | f | |||
| Committed | giving | 32,301 | 56,628 | 219,020 | 168,387 | 251,321 | 225,015 | |
| Gift Aid tax | reclaimed | 19,226 | 12,594 | 20,177 | 22,274 | 39,403 | 34,868 | |
| Trussell Trust | 27,244 | 26,703 | 27,244 | 26,703 | ||||
| B&Q | 5,000 | 5,000 | ||||||
| HIWCF | 4,930 | 4,930 | ||||||
| julia & Hans Trust |
Rausing | 5,400 | 5,400 | |||||
| Portsmouth Council |
City | 27,000 | 27,000 | |||||
| Other grants | 2,297 | 27,565 | 2,500 | 2,550 | 4,797 | 30,115 | ||
| 53,824 | 101,717 | 306,341 | 219,914 | 360,165 | 321,631 | |||
| Income from charitable | activities | |||||||
| Unrestricted | Funds | Restricted | Funds | Total | Funds | |||
| 2023 | 2022 | 2023 | 2022 | 2023 | 2022 | |||
| f | f | f | f | f | f | |||
| Community | projects | |||||||
| Circle ofsupport | 27,500 | 34,627 | 27,500 | 34,627 | ||||
| Food bank | 1,800 | 900 | 1,800 | 900 | ||||
| 29,300 | 35,527 | 29,300 | 35,527 | |||||
| Church running |
||||||||
| Income from | projects | 543 | 506 | 543 | 506 | |||
| and events | ||||||||
| 543 | 506 | 29,300 | 35,527 | 29,843 | 36,033 |
| Unrestricted | Funds | Restricted | Funds | Total | Funds | ||
|---|---|---|---|---|---|---|---|
| 2023 | 2022 | 2023 | 2022 | 2023 | 2022 | ||
| f | f | f | f | f | f | ||
| Rental income | 83,108 | 77,933 | 83,108 | 77,933 | |||
| Renewable Incentive |
Heat income |
9,478 | 9,602 | 9,478 | 9,602 | ||
| 92,586 | 87,535 | 92,586 | 87,535 |
| Unrestricted | Funds | Restricted | Funds | Total | Funds | ||||
|---|---|---|---|---|---|---|---|---|---|
| 2023 | 2022 | 2023 | 2022 | 2023 | 2022 | ||||
| f | f | f | f | f | f | ||||
| Interest deposits |
on | cash | 902 | 273 | 1,175 | 43 |
| Expenditure on chari |
table activities |
|||||
|---|---|---|---|---|---|---|
| Unrestricted | Funds | Restricted | Funds | Total | Funds | |
| 2023 | 2022 | 2023 | 2022 | 2023 | 2022 | |
| f | f | f | f | f | f | |
| Staff costs | 95,478 | 91,172 | 88,509 | 90,075 | 183,987 | 181,247 |
| Direct costs (Note 8) | 21,329 | 26,633 | 80,291 | 35,167 | 101,620 | 61,800 |
| Support costs (Note 9) |
90,305 | 66,658 | 48,421 | 44,399 | 138,726 | 111,057 |
| Gifts and donations (Note 10) |
13,776 | 34,095 | 13,776 | 34,095 | ||
| 220,888 | 218,558 | 217,221 | 169,641 | 438,109 | 388,199 |
| Direct c | osts | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Funds | Restricted | Funds | TotalFunds | |||
| 2023 | 2022 | 2023 | 2022 | 2023 | 2022 | ||
| f | f | f | f | f | f | ||
| Activities directly |
undertaken | 16,252 | 23,252 | 70,820 | 25,569 | 87,072 | 48,821 |
| Funding | costs incurred | 9,471 | 9,598 | 9,471 | 9,598 | ||
| Youth and children | 5,077 | 3,381 | 5,077 | 3,381 | |||
| 21,329 | 26,633 | 80,291 | 35,167 | 101,620 | 61,800 |
| Support c | o | sts | ||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Funds | Restricted | Funds | Total | Funds | |||
| 2023 | 2022 | 2023 | 2022 | 2023 | 2022 | |||
| f | f | f | f | f | f | |||
| Establishment | costs | 47,949 | 34,857 | 5,024 | 395 | 52,973 | 35,252 | |
| Equipment | 749 | 673 | 1,937 | 1,471 | 2,686 | 2,144 | ||
| Office expenses | 7,655 | 4,666 | 1,670 | 1,993 | 9,325 | 6,659 | ||
| Motor and travel | 270 | 144 | 2,385 | 1,366 | 2,655 | 1,510 | ||
| expenses | ||||||||
| Interest payable | 11,544 | 5,428 | 26,400 | 26,400 | 37,944 | 31,828 | ||
| Depreciation | 20,344 | 19,396 | 11,005 | 12,774 | 31,349 | 32,170 | ||
| Governance | costs | |||||||
| Independent Examiners |
Fees | 1,794 | 1,494 | 1,794 | 1,494 | |||
| 90,305 | 66,658 | 48,421 | 44,399 | 138,726 | 111,057 |
| Gifts and donat | ions | ||||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| Recipient | Activity | f | f | ||
| Altitude Church |
Overseas | and Home Mission | 1,000 | ||
| AOG | Overseas | and Home Mission | 2,560 | 5,000 | |
| Asociacion Christiana | Overseas | and Home Mission | 400 | 1,600 | |
| Mr & Mrs Butler | Overseas | and Home Mission | 2,300 | 1,400 | |
| Church Mission Society |
Overseas | and Home Mission | 1,325 | 600 | |
| EPIC 192 | Overseas | and Home Mission | 600 | ||
| Faith In Football | Overseas | and Home Mission | 480 | 480 | |
| Family Church | Overseas | and Home Mission | 120 | ||
| Freedom Church |
Overseas | and Home Mission | 11,500 | ||
| Fusion | Overseas | and Home Mission | 770 | 1,020 | |
| Grace to Restore | Overseas | and Home Mission | 1,010 | ||
| Level 10Church | Overseas | and Home Mission | 1,000 | ||
| Oasis of Hope Poland | Overseas | and Home Mission | 400 | 1,200 | |
| Riverside Family |
Church | Overseas | and Home Mission | 1,000 | |
| Rosalind Bootle |
(YWAM) | Overseas | and Home Mission | 1,200 | |
| Shake The Nations | Overseas | and Home Mission | 1,200 | 1,200 | |
| Stewardship - P |
&.A Frizelle | Overseas | and Home Mission | 1,625 | 750 |
| Storehouse Church |
Overseas | and Home Mission | 1,000 | ||
| Street Pastors | Overseas | and Home Mission | 360 | 360 | |
| True Life Church | Overseas | and Home Mission | 1,000 | ||
| Women Without | Roofs | Overseas | and Home Mission | 1,325 | 1,200 |
| Other Gifts | Overseas | and Home Mission | 311 | 575 | |
| 13,776 | 34095 |
| duties | in accordance with the |
Articles ofAssociation | : |
|---|---|---|---|
| Hospitality | |||
| Salary | Ltravel | ||
| Adam | Roseblade | E29,963 | EO |
| james | MacPherson | f2,048 | f0 |
| Employees' |
remuner | ation | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|
| The average | number | of persons | employed | by the charity | (including | trustees) | during | the year | was as | |
| follows: | ||||||||||
| 2023 | ||||||||||
| No | ||||||||||
| Charitable activities |
5.29 | |||||||||
| The average number | ofstaff employed | (Headcount) | ||||||||
| The aggregate | payroll | costs ofthese persons | were as follows: | |||||||
| 2023 | 2022 | |||||||||
| E | f | |||||||||
| Wages and salaries | 173,069 | 169,439 | ||||||||
| Social security | 7,186 | 7,702 | ||||||||
| Pension contributions | 3,732 | 4,106 | ||||||||
| 183,987 | 181,247 |
| Fixed Assets | ||||
|---|---|---|---|---|
| Fixtures, | ||||
| Freehold | fittings | |||
| land and | and | Motor | ||
| buildings f. |
equipment | vehicles f |
Total f |
|
| Cost | ||||
| At 1 April 2022 | 1,338,377 | 38,389 | 38,584 | 1,415,350 |
| Additions | 41,698 | 580 | 42,278 | |
| As at 31 March 2023 | 1,380,075 | 38,969 | 38,584 | 1,457,628 |
| Depreciation | ||||
| At 1 April 2022 | 132,580 | 37,123 | 18,779 | 188,482 |
| Charge for the year | 25,964 | 433 | 'l,952 | 31,349 |
| As at 31 March 2023 | 158,544 | 37,556 | 23,731 | 219,831 |
| Net book value | ||||
| As at 31 March 2023 | 1,221,531 | 1,413 | 14,853 | 1,237,797 |
| As at 31 March 2022 | 1,205,797 | 1,266 | 198D5 | 1,226,868 |
| Debtors | |||
|---|---|---|---|
| 2023 | 2022 | ||
| E | f. | ||
| Operational | debtors | 3,547 | |
| Other debtors | 11,167 | 12,205 | |
| 11,167 | 15,752 |
| 17 | Creditor | s: Amounts | falling due | wi | thin one | year | ||
|---|---|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||||
| f | f | |||||||
| Bank loans and overdrafts | - Kingdom | Bank Ltd Mortgage | 17,234 | 18,292 | ||||
| Taxation | and social security | 2,135 | 2,540 | |||||
| Other creditors | 2,653 | 2,955 | ||||||
| 22 022 | 23787 | |||||||
| 18 | Creditors: Amounts | falling due | after more | than one year | ||||
| 2023 | 2022 | |||||||
| f | f | |||||||
| Other creditors | - Kingdom | Bank Ltd Mortgage | 661,272 | 671,897 | ||||
| Included | in creditors | are the following | amounts | due after more than 5 years: | ||||
| 2023 | 2022 | |||||||
| f | f | |||||||
| After more than five | years by instalments | 582 802 | 591,609 |
| Analysis of | fu | nds | |||||
|---|---|---|---|---|---|---|---|
| At 31 | |||||||
| At 1April | Incoming | Resources | March | ||||
| 2022 f |
resources f |
expended f |
Transfers f |
2023 f |
|||
| Unrestricted | Funds | ||||||
| Designated | Funds | ||||||
| Renewables | fund | 279,384 | (30,048) | 249,336 | |||
| Covid recovery | fund | 74,300 | (26,500) | 47,800 | |||
| General Funds | |||||||
| Unrestricted | income fund | 49,906 | 147,855 | (220,888) | 68,198 | 45,071 | |
| 403,590 | 147,855 | ~220,888 | 11,650 | 342,207 | |||
| Restricted | Funds | ||||||
| Food bank | 257,289 | 308,414 | (177,850) | (11,650) | 376,203 | ||
| You Trust | 16,145 | 27,500 | (28,366) | 15,279 | |||
| Refurbishments | - Somers Rd | 166,176 | (9,232) | 156,944 | |||
| Refurbishments | - Elm Grove | 14,184 453 794 |
335,914 | (1,773) ~217,221 |
~21,650 | 12,411 560,837 |
|
| 857,384 | 483,769 | ~(438,109 | 903,044 |
| Analysis of | fun | ds | (continued) | |||||
|---|---|---|---|---|---|---|---|---|
| At31 | ||||||||
| At1April | Incoming | Resources | March | |||||
| 2021 | resources | expended | Transfers | 2022 | ||||
| E | E | |||||||
| Designated | Funds | |||||||
| Aberystwyth | church | plant | 9,449 | (11,000) | 1,551 | |||
| Renervables | fund | 284,000 | (4,616) | 279,384 | ||||
| Covid recovery fund | 95000 | (20,700) | 74,300 | |||||
| General Funds | ||||||||
| Unrestrictedincome | fund | 43,898 | 189801 | (207,558) | 23,765 | 49,906 | ||
| 432,347 | 189801 | (218558) | 403,590 | |||||
| Restricted | Funds | |||||||
| Foodbank | 187,458 | 220814 | (129981) | (21,002) | 257,289 | |||
| You Trust | 8,404 | 34627 | (26886) | 167145 | ||||
| Refurbishments | -Somers Rd | 154,397 | (9,223) | 21,002 | 166176 | |||
| Refurbishments | -Elm Grove | 17,735 | 14184 | |||||
| 367,994 800,341 |
255442 445242 |
~169,641 ~388199 |
453,794 857384 |
| Net assets by fund | ||||||
|---|---|---|---|---|---|---|
| Unrestricted | Funds | Restricted | Funds | Total | Funds | |
| 2023 | 2022 | 2023 | 2022 | 2023 | 2022 | |
| f | f | f | f | |||
| Tangible assets | 692,239 | 789,219 | 545,558 | 437,649 | 1,237,797 | 1,226,868 |
| Current assets | 333,262 | 310,055 | 15,279 | 16,145 | 348,541 | 326,200 |
| Creditors: Amounts | ||||||
| falling due within one | (22,022) | (23,787) | (22,022) | (23,787) | ||
| year | ||||||
| Creditors: Amounts | ||||||
| falling due after more | (661,272) | (671,897) | (661,272) | (671,897) | ||
| than one year | ||||||
| Net assets | 342,207 | 403,590 | 560,837 | 453,794 | 903,044 | 857,384 |
| At the year end the church had future minimum lease commitme |
nts as follows: |
|
|---|---|---|
| 2023 | 2022 | |
| f | f | |
| Not later than 1year | 2,155 | 6,464 |
| Later than 1 year and not later than 5 years | 1,077 | 3 232 |
| 3 232 | 9,696 |