## ## ## ## ## |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| ##