2023-03-31-accounts - The Grace Church Hackney Trust

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

							2023
				Restricted	Unrestricted		Total	Restricted	Unrestricted
			Notes
Income
Grants and donations				21,999		110,843	132,842	45,861		220,104	265,965
Income from charitable		activities
Weel&end Awayday Other income	income					2,678 30,487	2,678 30,487	1,704		1,785 24,659	1,785 26,363
Investment income						674	674
Total income				21,999		144,681	166,680	47,565		247,382	294,947
Expenditure on chiarlltablle activities Provision of Church facilities				12,091		144„013	156,104	17,692		276,010	293,702
Total expenditure				12,091		144,013	156,104	17,692		276,010	293,702
				9,908		668	10,576	29,873		(28,628)	1,245
Transfers between	funds							4,419		(4,419)
Transfers to GCH			11a	(8,652)		(82,745)	(91,397)
				1,256		(82,077)	(80,821)	34,292		(33,04/)	1,24S
Reconcilliatlon offunds:
Fund balances at 1 April 2022:				55,794		127,578	183,372
As previously reported								22,441		168,733	191,174
Prior year adjustment								(939)		(8,108)	(9,047)
As restated				55,794		127,578	183,372	21,502		160,625	182,127
				S7,050		45,501	102,551	55,?94		12'7,578	183,372

Expenditu~e
		Basis of				2022
		allocation	Church costs	Governance		Total
				F
Costs dlirectlly allocated
to activities
Church and congregation	activities		5,.932		5,932
Licences and permits			326		326	625
Salaries, stipends and pension costs			62,886		62,886	136,105
Mlnlstef' accommodation			36,763		36,763	70,063
Qther staff costs			0		0	4,282
Rent and utilities of church	building		23,704		23,704	33,457
Training			0		0	180
Grants and donations made			2,054			19,942
Insurance			4,094		4,094	3,677
Consulting			9,000		9,000	4,800
Accountancy and payroll processing			2,605	750	3,355	2,633
Support costs allocated
to activities
Travel and subsistence		Usage	118			552
Printing, postage and stationery		Usage	1,121		1,121	186
Communications and IT		Usage	935		935	2,054
Books and publications		Usage	521		521	400
Church building upkeep		Usage	3,317		3,317	2,668
Bank charges		Usage	0		0	1I76
Depreciation		Usage	0		0	2,243
Qther expenses		Usage	1,979		1,979	1,157
Total resources expended			155,354	750	156,104	293,673

Ministers
Administration	and	support

'll'angiblle fixed assets
			IT	Fixtures
			equipment	8 fittings	'I otall
			f	f
Cost
At 1 April 2022				7,552
Additions
DIsposais
At, 31March 2023
Depreciation
At 1April 2022				7,552
Charge for the year
IQisposais
				7,552
IMet Ibook values
At 31March 2023
At 31March 2022
There were no capital		commitments	at 31March 2023 (2022: NII)
				2023
Accounts receivable					100
Gift aid recoverable				81,398	153,840
Other debtors				2,700	2,915
Prepayments and accrued income				326	406
				84,424	157,261
9 Creditors: announts	falling due within one year			2023 f
Accounts payable
Social security and	other taxation			127
Accruals and deferred		income		2,190
Other creditors				28,075
				30,392

10 Analysis ofnet assets between	10 Analysis ofnet assets between		Restricted	Designated	General	Total
			funds	funds	funds	funds
			f		f
Tangible fixed assets
Current assets Current lia bili ties			57,051	44,229	31,663 (30,392)	132,943 (30,392)
			57,051	44,229	1,271	102,551
Tangible fixed assets
Current assets			55,795	126,974	4,954	187,723
Current lia bili ties					(4,351)	(4,351)
			S5,795	126,974	603	183,372
11 Movement in fundls		At 1				At 31
		April 22	Income	Expenditure	Transfers	March 23
		f	f	f.	f
Restrlctedl fundls
Grace Church Hackney- 6:10Fund Grace Church Hackney - Other fund Si Barnabas Dalston - HWNS fund Si Barnabas Dalston - 6:10Fund St Barnabas Dalsion - buildings fund St Barnabas Dalsion - other fund		8,642 10 1,451 1,313 27,299 16,389	21,999	(11,400)	(8,642) (10)	1,451 1,313 37,898 16,389
Other restricted funds		691		(691)
Total restricted funds		55,795	21,999	(12,091)	(8,6S2)	57,051
Unrestricted funds:
Designated funds:
Grace Church Hackney	fund	82,745			(82,745)
Si Bamabas Dalston fund		44,229				44,229
		126,974			(82,745)	44,229
General funds		603	144,681	(144,013)
Total unrestricted funds		127,577	144,681	(144,013)	(82,745)	45,SOO
Total funds		183,372	166,680	(156,104)	(91,397)	102,551

Movement	in fund	s	(continu	ed)
					At 1				At 31
					April 21	Income	Expenditure	Transfers	March 22
					E	E	f	E
Grace Church	Hackney- 6:10Fund				8,392	250			8,642
Grace Church	Hackney - Other fund				26		(16)		10
St Barnabas	Dalston		—CFW fund		3,073	3,600	(11,092)	4,419
St Barnabas	Dalston		—HWNS fund		1,S31		(80)		1,451
St Barnabas	Dalston		—6:10Fund		1.313				1,313
St Barnabas	Dalston		—buildings	fund	4,442	27,657	(4,800)		27,299
St Barnabas	Dalston		—other fund		2,035	14,354			16,389
Staff furlough	scheme		claims			1,704	(1,?04)
Other restricted funds
Total restricted funds					21,503	47,565	(17,692)	4,419	55,795
Designated funds:
Grace Church	Hackney fund				108,940	126,920	(153,115)	—	82,745
St Bamabas Dalston			fund		46,S38	116,777	(114,667)	(4,419)	44,229
Tangible fixed	assets		fund		2,243			(2,243)
					157,721	243,697	(267,782)	(6,662)	126,974
General funds					2,903	3,685	(8,228)	2,243	603
Total unrestricted		funds			160,624	247,382	(276,010)	(4,419)	127,577
Total funds					182,127	294,947	(293,702)	—	183,372
lltestil'Ictcd fllllrids

Connrnltnnents in respect ofproperty	leases				2022
					IE
At 3'I March 2023 the Charity had future	minimum	lease payments	under non-
cancellable operating leases as follows:
Not later than one year				12,5QQ	23,735
Later than one year and not later than five years				5Q,QQG	5Q,QQG
Five years andi over				1,QSQ, GGG	1,G62„5GG
				1,112,5QQ	1,136,235