| Page | ||
|---|---|---|
| Report ofthe Trustees | 1 to 7 | |
| Independent Examiner's |
Report | |
| Statement ofFinancial | Activities | |
| Balance Sheet | 10to 11 | |
| Notes to the Financial Statements | 12to 24 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Total | Total | |||||
| Unrmtrlctcd | Restricted | funds | funds | |||
| Funds | Fttttds | funds | funds | |||
| Notes | f | 6 | ||||
| INCOME AND ENDOWMENTS FROM | ||||||
| Donations and legacies | 2 | 2024156 | 150 | 203,106 | 246,884 | |
| Charitable Activities |
45,170 | 45,170 | 37,979 | |||
| Mnhtry | 2,554 | 2,554 | 1,190 | |||
| Other trading activities |
22,365 | |||||
| Iavestmeat income |
||||||
| Other income | 600 | 609 | 1,209 | 8,349 | ||
| Total | 251,280 | 759 | 252,039 | 316,767 | ||
| EXPENDITURE ON | ||||||
| Charitable Acttvltles |
6 | 225,878 | 35t20 | 229,798 | 305,333 | |
| Other Total |
8 | 8,423 8,423 20,141 81»»3821» 4 |
||||
| NET INCOME / (EXPENDITURE) | 16,979 | (3,160) | 13,818 | (8,707) | ||
| Transfers between funds |
21 | (471) | 471 | |||
| Net movement in funds |
16,508 | (2,689) | 13,818 | (8,707) | ||
| RECONCILIATION OFFUNDS Total funds brought forward TOTAL FUNDS CARRIED FORWARD |
463,855 7,756 ~4» |
471,611 8 9 |
480,318 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Untcshteted | Restricted | Totalfunds | Tatslfunds | ||
| Ftla dc | Funds | funds | funds | ||
| Notes | I | f | I | 6 | |
| FIXEDASSETS | |||||
| Tangible assets | 14 | 1,031,620 | 1,031,620 | 1,038,993 | |
| Iltvmtlueltts | 15 | ||||
| 1,031,620 | 1,031,620 | 1,038,993 | |||
| CURRENT ASSETS | |||||
| Debtom | 16 | 6,020 | 6,020 | 4,827 | |
| Cash at bank | 22 277 | 3,920 | 26,198 | 42,970 | |
| 28$97 | 3,920 | 32,217 | 47,797 | ||
| CREDITORS | |||||
| Amouats raging due adthtn oneyesr |
17 | (44,548) | (44,548) | (54,175) | |
| NET CURRENT ASSETS | (16,251) | 3,920 | (12,331) | (6,378) | |
| TOTAL ASSETSLESSCURRENT LIABILITIES | 1,015,369 | 3,920 | 1,019,289 | 1,032,615 | |
| CREDITORS | |||||
| Amounts fsghg due alter more thea onc year |
18 | (533,860) | (533,860) | (561,004) | |
| NET ASSETS | |||||
| FUNDS | |||||
| Unrestrkted funds |
480,362 | 463,855 | |||
| Restrkted feuds | 5,067 | 7,756 | |||
| TOTAL FUNDS | ~85 429 | 471611 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |
| funds | funds | funds | funds | |
| f. | f | f, | ||
| Offerings | 167,608 | 150 | 167,758 | 210,481 |
| Gift aid | 35,348 | 35,348 | 36,403 | |
| 202,956 | 150 | 203,106 | 246&884 |
| OTBE | RTRADING ACTIVITIES | ||||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| Unrestricted | Restrkted | Total | Total | ||
| funds | funds | funds | 1'unde | ||
| 8 | 5 | ||||
| Sundry | income | 22,365 | |||
| 22365 |
| 2023 | 2022 | ||
|---|---|---|---|
| Unrestrkted | Restricted | Total | Total |
| funds | funds | funds | funds |
| f. | 8 | f, |
| INCOME | FROM CBARITABLE ACTI | VITIES | |||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| Charitable | Total | Total | |||
| Activities | funds | funds | |||
| f. | |||||
| Hiring of | hall th facilities | 45,170 | 45,170 | 37,979 | |
| Chgdren's | income | 2,554 | 2,554 | 1,190 | |
| 45170 | 2 554 | 47724 | 39169 |
| Direct Costs | Support | Totals | ||
|---|---|---|---|---|
| (see note 7) | costs | |||
| f. | ||||
| Charitable | Activities | 216,959 | 12,839 | 229,798 |
| 216959 | 12839 | 229798 |
| 2023 | 2022 | ||||||
|---|---|---|---|---|---|---|---|
| 6 | |||||||
| Trustee's remuneration |
etc | 40,895 | 40,895 | ||||
| Staffcosts | 43,174 | 46,416 | |||||
| Rates and Water | 6,657 | 393 | |||||
| Insurance | 3,980 | 3,676 | |||||
| Light and heat | 16,410 | 10,440 | |||||
| Telephone | 2,410 | 2,182 | |||||
| Sundrhn | 611 | 2,347 | |||||
| Ministry fees |
443 | ||||||
| Mtnhtry visiting speakers |
2,799 | 2,135 | |||||
| Mission events | 25,879 | 56,705 | |||||
| Repairs and renewals | 9,849 | 3,147 | |||||
| Cleaning aud |
gardening | 8,061 | 731 | ||||
| Rent and hire | offacilities | ||||||
| Storage rent | 536 | 530 | |||||
| Other costs | 23,655 | 96,789 | |||||
| Depreciation | 10,122 | 9,435 | |||||
| Interest payable and similar charges | 21,921 | 22,921 | |||||
| 216,959 | 299,185 | ||||||
| OTHER | 2023 | 2022 | |||||
| Unrestricted | Restricted | Total fuads | Total funds | ||||
| funds | funds | ||||||
| f. | |||||||
| Professional Fees | 2,100 | 2,100 | 3,436 | ||||
| Accountancy | Support | 1,733 | |||||
| Computer costs |
958 | 958 | 8,159 | ||||
| Photocopier lease | 2,488 | 2,488 | 2,674 | ||||
| Printing, postage tk statloneery |
391 | ||||||
| Bank charges | and interest | 596 | 596 | 697 | |||
| Sundries I | 2,283 | 2,283 | 3,051 | ||||
| 8 | 423 | 8423 | 20 141 |
| Unrestricted | Restricted | Total funds | |||
|---|---|---|---|---|---|
| funds | funds | ||||
| INCOME AND ENDOWMENTS | FROM | ||||
| Donations and Iegades |
222,828 | 24,056 | 246,884 | ||
| Charitable Acttvlties |
|||||
| Charitable Activities |
39,169 | 39,169 | |||
| Investment Income |
|||||
| Other income | 23,262 | 7,452 | 30,714 | ||
| Total | 285,259 | 31,508 | 316,767 | ||
| EXPENDITURE ON | |||||
| Charitable Activities |
286,591 | 18,742 | 305,333 | ||
| Other | 20,141 | 20,141 | |||
| Total | 306,732 | 18,742 | 325,474 | ||
| NET INCOME/(EXPENDITURE) | (21,473) | 12,766 | (8,707) | ||
| Transfers between funds |
7,214 | (7,214) | |||
| Net movement ta funds |
(14,259) | 5,552 | (8,707) | ||
| RECONCILIATION | OFFUNDS | ||||
| Total funds brought | forward | 478,114 | 2,204 | 480,318 | |
| TOTAL FUNDS CARRIED FORWARD | 463,855 | 7,756 | 471,611 |
| Freehold | Long | Pictures | dr | Motor | ||
|---|---|---|---|---|---|---|
| Vehicles | Total | |||||
| Cost or VstuaNon | ||||||
| At 1stApril 2022 | 195,000 | 795,000 | 154,683 | 1,950 | 1,146,633 | |
| Additions | 2,749 | 2,749 | ||||
| Dupos ale | ||||||
| At 31stMarch 2023 | ||||||
| Depredation | ||||||
| At 1stApril 2022 | 107,640 | 107,640 | ||||
| Disposals | ||||||
| Charge for tbcyear | ||||||
| At 31stMarch 2023 | 117,762 | |||||
| Net BookValue | ||||||
| At 31stMarch 2023 | ||||||
| At 31stMarch 2022 |
| Freehold | Long | Flam res 4I | Motor | ||||
|---|---|---|---|---|---|---|---|
| Letueh old | Vehicles | Total | |||||
| 6 | 6 | f | |||||
| Valuation | in | 2007 | (774,321) | (774,321) | |||
| Cost | 195,000 | I 569,321 |
| 2023 | 2022 |
|---|---|
| 6 | f |
| 2023 | 2022 | 2022 | |
|---|---|---|---|
| f | f | ||
| Trade debtors | 3,331 | 550 | |
| Prep ayments | 939 | 4 | 277 |
| 4270 | 4 | 027 |
| 2023 | 2022 | ||
|---|---|---|---|
| 8 | 8 | ||
| Bank loans and overdrafts | (see note 19) | 27,212 | 28,609 |
| Trade creditors | 3,374 | 7,134 | |
| Sodal secnrlty and other taxes | 6,993 | 7,168 | |
| Other creditors | 1,543 | 1,543 | |
| Accrnals and deferred income | 7,176 | 9,721 | |
| 46,298 | 04,375 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| f, | ||||||
| Bank | loans | (see | note | 19) | 533,860 | 367,004 |
| An analysis ofthe maturity ofthe | An analysis ofthe maturity ofthe | An analysis ofthe maturity ofthe | loan is | loan is | given below: | |||
|---|---|---|---|---|---|---|---|---|
| 2023 | 2022 | |||||||
| 6 | 6 | |||||||
| Amounts | falling due within one year on demand: five |
|||||||
| Bank loans &mortgages | 27 212 | 28 609 | ||||||
| Amounts | falUng between | one and | two years: | |||||
| Bank loans &ruortgages | 1-2years | 28278 | 29721 | |||||
| Amounts | famng between | two and | year: | |||||
| Bank loans &mortgages | 2-5years | 91623 | 96272 | |||||
| Amounts | falling due in more than | live years: | ||||||
| Repayable | by installments: | |||||||
| Bank loans &mortgages more 5yr by install |
413,959 | 435,011 | ||||||
| SKCURKD DEBTS | ||||||||
| The followlag | secured debts are included | within | creditors: | |||||
| 2023 | 2022 | |||||||
| I | f. | |||||||
| Mortgage | ~561 072 | ~589 613 |
| Net | Traasfer | |||
|---|---|---|---|---|
| movement | between | |||
| At 1.4,22 | in funds | funds | At313.23 | |
| f, | 6 | 8 | ||
| Unrestricted funds |
||||
| General fund | 456,862 | 15,011 | (1,453) | 470,420 |
| Missions fund | 6,006 | (6,988) | 982 | (0) |
| Community Youth Project Holding Account |
971 16 |
1,363 ~7592 |
2,334 7008 |
|
| 463,855 | 16,978 | (471) | 480,362 | |
| Restricted fands | ||||
| Glory Hour Benevolent Fand |
7,159 597 |
(2,092) ~1,068 |
471 | 5,067 |
| 7 6 |
3 160 | 471 | 5 067 | |
| TOTAL FUNDS | 471,611 | ~13818 | 485 42 |
| Net movement In funds, Included in the above are a |
s follows: | ||
|---|---|---|---|
| Incoming | Resources | Movement | |
| resourcul | expended | ln funds | |
| f. | 8 | ||
| Unrestricted funds |
|||
| General fund | 239,708 | (224,697) | 15,011 |
| Missions fund | 1,161 | (8,149) | (6,988) |
| Community Youth Project Holding Account |
1,993 ~8417 |
(630) ~825 |
1,363 7,592 |
| 251,280 | (234,301) | 16,978 | |
| Restricted funds | |||
| Glory Hour Benevolent Fund |
150 609 |
(2,242) ~I,67 |
(2,092) ~1068 |
| 759 | 3,920 | 3 160 | |
| TOTAL FUNDS | 252,039 | (238,221) | 13,818 |
| Net | Transfers | |||
|---|---|---|---|---|
| movement | between | |||
| At 1.4.21 | in funds | funds | At319.22 | |
| f. | f. | |||
| Unrestricted funds |
||||
| General fund | 463,425 | (61,379) | 54,816 | 456,862 |
| Missions fund | 7,109 | 1,730 | (2,833) | 6,006 |
| Community Youth Project Holding Account |
689 6831 |
(56) ~38 232 |
338 ~45 10 |
971 16 |
| 478,114 | (21,473) | 7,214 | 463,855 | |
| Restricted funds | ||||
| Glory Hour Benevolent Fund |
731 1 413 |
7,342 3434 |
(914) ~6300 |
7,159 597 |
| ~12766 | 7214 | ~7756 | ||
| TOTAL FUNDS | 488 318 | 870 | ~471 611 |
| Comparative net movement in funds, lnduded in th |
e above are as follows: | ||
|---|---|---|---|
| Incoming | Resources | Movement | |
| rcsourcw | espeudcd | in funds | |
| f | f. | ||
| Unrestricted funds |
|||
| General fund | 240,546 | (301,925) | (61,379) |
| Missions fund | 5,145 | (3,415) | 1,730 |
| Comruunity Youth Project Holding Account |
1,276 ~38 92 |
(1,332) ~60 |
(56) ~38232 |
| 285259 | (306,732) | (21,473) | |
| Restricted funds | |||
| Glory Hour Benevolent Fund |
8,117 ~23391 |
(775) ~1796 |
7,342 ~5424 |
| ~31 508 | 18742 | ~12766 | |
| TOTAL FUNDS | 316&767 | (325,474) | ($,707) |