| Reference and Administrative Details........ ..3 |
|---|
| Trustees' Report.. .4 |
| Report of the Independent Auditor to the Trustees ..9 |
| Statement of Financial Activities ..12 |
| Balance Sheet .....................................................................................................................................13 |
| Statement of Cash Flows....................................................................................................................14 |
| Notes to the Financial Statements.....................................................................................................15 |
| Unrestricted Restricted TOTAL Unrestricted | Unrestricted Restricted TOTAL Unrestricted | Unrestricted Restricted TOTAL Unrestricted | Unrestricted Restricted TOTAL Unrestricted | Unrestricted Restricted TOTAL Unrestricted | Restricted TOTAL | Restricted TOTAL | ||
|---|---|---|---|---|---|---|---|---|
| funds funds year ended funds funds year ended | ||||||||
| Dec 2021 Dec 2021 | Dec 2021 Dec 2020 Dec 2020 Dec 2020 | |||||||
| INCOME | Notes | £ | £ | £ | £ | £ | £ | |
| Donations Investment income |
23 | 504,878 9.523 |
504.878 9,523 |
459,569 10,163 |
459,569 10,163 |
|||
| Income from charitable activities | 4 | 8,353 | 8,353 | 2,566 | 2.566 | |||
| Income from trading activities | 5 | 52,294 | 24.518 | 78,812 | 75,982 | 7,157 | 83,139 | |
| TOTAL INCOME | 575.048 | 24,518 | 601,546 | 548,280 | 7,157 | 555,437 | ||
| EXPENDITURE | ||||||||
| Expenditure on raising funds | 6 | 9,996 | 9.99( | 41,523 | 41,523 | |||
| Expenditure on charitable activities | 7 | 395.719 | 100 | 395,819 | 365,212 | 8,048 | 373,260 | |
| TOTAL EXPENDITURE | 405.715 | 100 | 405.815 | 406.735 | 8,048 | 414,783 | ||
| NET INCOME/(EXPENDITURE) | 169,333 | 24,418 | 195,751 | J_41,545, | (891) | 140,654 | ||
| Transfer between funds | ||||||||
| Revaluation Gain | ||||||||
| NET MOVEMENT IN FUNDS | 149,333 | 24.418 | 195.751 | 141,545 | (8911 | 140.654 | ||
| FUNDS BROUGHT FORWARD | 1,444,723 | 24,073 1,448,796 | 1,303,178 | 24,964 1,328,142 | ||||
| FUNDS CARRIED FORWARD | 16 | 1,614,056 | 50.491 1,<t4.547 | 1,444,723 | 24,073 1,468.796 |
| Balance Sheet as crt 31 December 2021 |
|||
|---|---|---|---|
| 31 Dec 2021 | 31 Dec 2020 | ||
| Note* | £ | ||
| flXED ASSETS | |||
| Tangible auets | 13 | 1,»73.064 | t.992.395 |
| 1.973,064 | I.99Z395 | ||
| CURRENT ASSETS | |||
| Stock | 5.05» | 6.743 | |
| Debton | 14 | 12,488 | 23.809 |
| Cdsh at bank and h hand | 492.804 | 327,903 | |
| 510.353 | 358,455 | ||
| IIAMUTIB | |||
| Creditora: amounts laing due wlhin one year | 15 | <9,478 | 79,357 |
| NET CURRENT ASSETS | 440.875 | 279,098 | |
| NON CUUtENT UAIIimES | |||
| Creditors: amounts fofrig due after one year | 15 | 749,392 | 802,697 |
| NET ASSETS | 1,664.547 | 1.468.796 | |
| THE FUNDS Of THE CHAKITY | |||
| Unrestricted income (und | 1,<14.05* | 1.444.723 | |
| Restricted hcome hmd | 50.491 | 24.073 | |
| TOTAl FUNDS | 16 | 1.AM.547 | 1,468,796 |
| Statement of Cash Flows For the Year Ended 31 December 2021 |
||
|---|---|---|
| 31 Dec 2021 | 31 Dec 2020 | |
| £ | £ | |
| Cash flows from operating activities | ||
| Net income | 195,751 | 140,654 |
| Depreciation of tangible fixed assets | A5,391 | 57,517 |
| Interest paid | 31,707 | 16,800 |
| Decrease/( Increase) in stocks | 1,684 | 9 |
| Decrease/; Increase) in debtors | 2,950 | 8,129 |
| (Decrease)/lncrease in creditors | 1,127 | 10,222 |
| Net cash generated from operating activities | 290,456 | 196,61' |
| Cash flows from investing activities | ||
| Purchase of tangible fixed assets | 46,060 | 500 |
| Disposal of tangible fixed assets | 4,609 | |
| Net cash used in investing activities | 46,060 | 4,109 |
| Cash flows from financing activities | ||
| Repayment of Bank Loan | 61,557 | 60,349 |
| Interest paid | 31,707 | 16,800 |
| Movement in group loans | 13,771 | |
| Net cash used in financing activities | 79,493 | 77,149 |
| Net increase in cash and cash equivalents | 164,903 | 123,571 |
| CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE YEAR | 327,903 | 208,618 |
| CASH AND CASH EQUIVALENTS AT THE END OF THE YEAR | 492,806 | 332,189 |
| Cash and cash equivalents comprise: | ||
| Cash at bank | 492,806 | _327,903 |
| Note 2. Donations |
|
|---|---|
| 2021 2021 2021 2020 | |
| Unrestricted Restricted Total Total | |
| £ £ £ I | |
| Tithes and other offerings including gift aid | 442,979 - 442,979 409,371 |
| Donations | |
| Faith for the future income including gift aid | 61,899 - 61,899 50,198 |
| Other restricted offerings | |
| Total | 504,878 504,878 459,569 |
| For the year ended 31 December 2020 | A59.569 45?,569_ |
| 2021 2021 2021 | 2020 | |
|---|---|---|
| Unrestricted Restricted Total | Total | |
| £ £ £ | £ | |
| Bank interest receivable | 14 . 14 | 109 |
| Income from solar panels | 9,509 - 9.509 | 10,054 |
| Total | 9,523 9,523 |
10,163 |
| For the year ended 31 December 2020 | 10,163 10,163 |
| 2021 2021 2021 | 2020 | |
|---|---|---|
| Unrestricted Restricted Total | Total | |
| £ £ £ | £ | |
| Event registration income | 8,353 - 8,353 | 2,566 |
| For the year ended 31 December 2020 | 2,566 2,566 |
| 2021 | 2021 | 2021 | 2020 | |
|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |
| £ | £ | £ | £ | |
| Charity Shop income | 980 | 980 | 7,566 | |
| Resource and Cafe sales | 5,661 | 5,661 | 4,820 | |
| Venue Hire | 39,870 | 39,870 | 46,203 | |
| Sponsorship / Fundraising | 26.518 | 26,518 | 7,157 | |
| Other Income from trading activities | 5,783 | 5.783 | 17,393 | |
| 52.294 | 26,518 | 78,812 | _83,139 | |
| For the year ended 3) December 2020 | 75,982 | ,7,157 | 83,139 |
| 2021 2021 2021 | 2020 | |
|---|---|---|
| Unrestricted Restricted Total | Total | |
| £ £ £ | £ | |
| Shop and resource | 3,721 - 3,721 | 13,188 |
| Rental property | 58 - 58 | 11,358 |
| Sponsorship/Fundraising | 100 - 100 | 8,048 |
| Support costs | 6,117 - 6,117 | 8,929 |
| 9,996 9,996 |
41,523 | |
| For the year ended 31 December 2020 | 41,523 41,523 |
| Church | ||||||
|---|---|---|---|---|---|---|
| Activtties | Financing | Events | Missions | Total | 2020 | |
| £ | £ | £ | £ | £ | £ | |
| Unrestricted Funds | ||||||
| Direct costs | 112,261 | 31.707 | 8,773 | 152,741 | 68,719 | |
| Support costs | 218,682 | 12,148 | 12,148 | 242,978 | ,296,493 | |
| 330,943 | 31,707 | 20,921 | 12,148 | 395,719 | 365.2)2 | |
| Restricted Funds | ||||||
| Direct costs | 100 | 100 | 8,048 | |||
| 100 | 100 | 8,048 | ||||
| 31 December 2021 | 330.943 | 31.707 | 20,921 | 12.248 | 395.819 | 373,260 |
| 31 December 2020 | 299.448 | 33,828 | _16,499 | 23,485 | ^73,260 |
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Audit and independent examiners fees | 4,300 | 5,040 |
| Other accountancy costs | 1,485 | 6,168 |
| 5,785 | 11,028 |
| Costs of | ||||
|---|---|---|---|---|
| generating | Charitable | Total | Total | |
| funds ach'vHies | 2021 | 2020 | ||
| £ | £ | £ | £ | |
| Administroton | 888 | 16,839 | 17,727 | 13,567 |
| Depreciation | 65,391 | 65,391 | 57,517 | |
| Travel | ||||
| Premises | 61,384 | 61,384 | 69,340 | |
| Salaries | 4,»40 | 93,868 | 98,808 | 153,969 |
| Governance Costs | 289 | 5.496 | 5,785 | 11,028 |
| Impairment charge/frelease) on revaluation | ||||
| 6,117 | 242,978 | 249,095 | 305,421 |
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Salary costs | 90,015 | 140,890 |
| Social security costs | 7,099 | 10,657 |
| Pension costs | 1,573 | 2,422 |
| 98,687 | 153,969 |
| Note 11. Net Incoming/Outgoing Resources | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| This is stated after charging: | ||
| Auditors Fees | 4,300 | 5,040 |
| Depreciation | 45,391 | 57,517 |
| Fixtures, | Tangible | |||
|---|---|---|---|---|
| Freehold land Leasehold Fittings S, | Fixed Assets | |||
| & Buildings Improvements Equipment | Total | |||
| £ | £ £ | £ | ||
| As at 1st January 2021 | ||||
| Cost | 1,900,000 | 13,756 | 400,808 | 2,314,5*4 |
| Accumulated depreciation and impairment | 25.000 - | 13,756 - | 283,413 | 322,149 |
| Net Book Amount | 1.875,000 | 117,395 | 1,992,395 | |
| Year ended 31 December 2021 | ||||
| Opening net book amount | 1.875,000 | 117,395 | 1,992,395 | |
| Additions | 805 | 45,255 | 46,060 | |
| Acquistions | ||||
| Transfers | ||||
| Disposals - cost | ||||
| Disposals - depreciation | ||||
| Depreciation | 32,500 | 32,891 | 65,391 | |
| Innpairment | ||||
| Foreign Exchange translation adjustment | ||||
| Closing Net Book Amount | 1,842,500 | 805 | 129.759 | 1,973,044 |
| Net book value | ||||
| At 31 December 2021 | ||||
| Cost | 1,900,000 | 14,561 | 446,063 | 2,340,624 |
| Accumulated depreciaton and impairment | 57,500 - | 13,756 - | 316,304 | 387,560 |
| Net Book Amount | 1,842,500 | 805 | 129,759 | 1,973,064 |
| At 31 December2020 | 1,875,000 | 117,395 | 1,992,395 |
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Gift aid recoverable Prepayments |
4.331 6,608 |
4,633 4.293 |
| Amounts due from a5sociated entity | 14,271 | |
| Other debtors | 1,549 | 612 |
| 12,488 | 23,809 |
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Amounts falling due within one year | ||
| Trade creditors | ||
| Accruals Taxation and social security |
5,251 3,889 |
6,551 3,037 |
| Bank Loans | 53,309 | 61.561 |
| Amounts due to associated entity | 500 | |
| Other creditors | 7,029 | 7,708 |
| 49,478 | 79,357 | |
| 2021 | 2020 | |
| Amounts falling due after one year | £ | £ |
| 1-2 years | 55,382 | 53,309 |
| 2-5 years | 179,322 | 172,611 |
| >5 years | 514,688 | 576,777 |
| Bank Loans | 749,392 | 802.697 |
| Opening Incoming Outgoing | Opening Incoming Outgoing | Opening Incoming Outgoing | Building | Closing Fund |
||
|---|---|---|---|---|---|---|
| Fund Balances | Resources Resources | Transfer | Revaluation | Balances | ||
| £ | £ £ | £ | £ | £ | ||
| Unrestricted funds | 1,444,723 | 575,048 - | 398,213 | 1.A21.558 | ||
| Building fund | ||||||
| Cafe | 5,104 | 5.104 | ||||
| Transform Cambodia | ||||||
| Run to Red Restricted funds |
±8,9 69_ 24.073 |
26,518 - 26,518 |
LOO LQO |
45,387 50.491 |
||
| Total funds | 1,4A8,79< | 601,566 | 398,313 | 1,472,049 |
| Note 17. Analysis of Net Assets | |||
|---|---|---|---|
| Unrestricted Restricted | |||
| Funds Funds | Total | ||
| £ | £ | £ | |
| Fb<ed Assets Current Assets Current Liabilities |
1,975,460 467,737 72,247 |
5,104 42,618 2,769 |
1,980,564 510,355 69.478 |
| Non Current -liabilities | 749.392 | 749,392 | |
| 31 December 2021 | 1,621,558 | 50.491 | 1,472,049 |
| Fb<ed Assets Current Assets Current Liabilities Non Current Liabilities |
1,987,291 334,010 73.881 - 802,697 |
5,104 24,445 5,476 |
1,992,395 358,455 79,357 802,697 |
| 31 December 2020 | 1,444,723 | 24,073 | 1,448,794 |