| Report ofthe Trustees | 1 | to | 5 |
|---|---|---|---|
| Report ofthe Independent Auditor |
6 | to | 9 |
| Statement ofFinancial Activities | 10 | ||
| Balance Sheet | |||
| Notes to the Financial Statements | 12 | to | 21 |
| Detailed Statement ofFinancial Activities | 22 | to | 23 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| fund | fund | funds | funds | |||
| Notes | ||||||
| INCOME AND ENDOWMENTS FROM | ||||||
| Donations and legacies |
24,668 | 24,668 | 53,184 | |||
| Charitable activities |
||||||
| Church | 2,641 | 2,641 | 3,001 | |||
| Retreat centre | 41,656 | 41,656 | 29,685 | |||
| Investment iincome |
69,688 | 69,688 | 26,915 | |||
| Total | 138,653 | 138,653 | 112,785 | |||
| EXPENDITURE ON | ||||||
| Raising funds | ||||||
| Investment management |
costs | 7,517 | 7,517 | 10,855 | ||
| 7,517 | 7,517 | 10,855 | ||||
| Charitable activities |
||||||
| Church | 111,349 | 111,349 | 99+67 | |||
| Retreat centre | 1,311 | 1,311 | 1,305 | |||
| Support | 118,469 | 118,469 | 114,213 | |||
| Total | 238,646 | 238,646 | 225,640 | |||
| NET INCOME/(EXPENDITURE) | (99,993) | (99,993) | (112,855) | |||
| Other recognised gains/(losses) |
||||||
| Gains on revaluation offixed assets | 312,000 | |||||
| Net movement in funds |
(99,993) | (99,993) | 199,145 | |||
| RECONCILIATION | OFFUNDS | |||||
| Total funds brought forward |
8,570,647 | 8,570,647 | 8,371,502 | |||
| TOTAL FUNDS CARRIED FORWARD | 8,470,654 | 8,470,654 | 8,570,647 |
| 31M | arch 2623 | ||||
|---|---|---|---|---|---|
| 2023 | 2022 | ||||
| Unrestricted | Restricted | Total | Total | ||
| fund | fund | funds | funds | ||
| Notes | |||||
| FIXEDASSETS | |||||
| Tangible assets | 11 | 5,759,840 | 5,759,840 | 5,817,961 | |
| Investments | |||||
| Investments | 12 | 41,000 | 41,000 | 41,000 | |
| Residential Properties |
13 | 1,562,000 | 1,562,000 | 1,562,000 | |
| 7,362,840 | 7,362,840 | 7,420,961 | |||
| CURRENT ASSETS | |||||
| Debtors | 14 | 876,810 | 876,810 | 932,998 | |
| Cash atbank and in hand | 250,392 | 250,392 | 248,178 | ||
| 1,127+02 | 1,127,202 | 1,181,176 | |||
| CREDITORS | |||||
| Amounts falling due within one year |
15 | (19,388) | (19,388) | (31,490) | |
| NKT CURRENT ASSETS | 1,107,814 | 1,107,814 | 1,149,686 | ||
| TOTAL ASSETSLESSCURRENT | |||||
| LIABILITIES | 8,470,654 | 8,470,654 | 8,570,647 | ||
| NET ASSETS | 8,470,654 | 8,470,654 | 8,570,647 | ||
| FUNDS | 16 | ||||
| Unrestricted funds |
8,470,654 | 8,570,647 | |||
| TOTAL FUNDS | 8,470,654 | 8,570,647 |
| 2023 | 2022 | |||||
|---|---|---|---|---|---|---|
| Rents receivable | 17,400 | 16,463 | ||||
| Rents received Irom | subsidiary | 24,000 | ||||
| Interest on subsidiary | loan | 27,351 | 10,426 | |||
| Deposit account interest | 937 | 26 | ||||
| 69,688 | 26,915 | |||||
| INCOME FROM CHARITASLE | ACTIVITIES | |||||
| 2023 | 2022 | |||||
| Activity | ||||||
| Room hire | Church | 898 | 1,754 | |||
| Sundry income | Church | 1,743 | 1,247 | |||
| Rents &services | Retreat centre | 33,173 | 24,315 | |||
| Room hire | Retreat centre | 8,031 | 5,266 | |||
| Sundry income | Retreat centre | 452 | 104 | |||
| 44,297 | 32,686 | |||||
| 4. | INVESTMENT MANAGEMENT | COSTS | ||||
| 2023 | 2022 | |||||
| E | ||||||
| Property maint &repair costs | 7,517 | 10,855 | ||||
| 5. | CHARITABLE ACTIVITIES | COSTS |
| Grant | |||||
|---|---|---|---|---|---|
| funding of | |||||
| activities | Support | ||||
| Direct | (see note | costs (see | |||
| Costs | 6) | note 7) | Totals | ||
| E | |||||
| Church | 104,146 | 7+03 | 111,349 | ||
| Retreat | centre | 1,311 | 1,311 | ||
| Support | 10,047 | 108,422 | 118,469 | ||
| 115,504 | 7@03 | 108,422 | 231,129 |
| 2023 | 2022 | ||||
|---|---|---|---|---|---|
| Church | 7,203 | 6,240 | |||
| The total | grants paid | to institutions | during the year was as follows: | ||
| 2023 | 2022 | ||||
| Christian | Community | in Great Britain | 7@03 | 6,240 |
| SUPPORT COSTS | |||||
|---|---|---|---|---|---|
| Governance | |||||
| Management | costs | Totals | |||
| Support | 82,435 | 25,987 | 108,422 | ||
| Support costs can be apportioned | equally between each activity. | ||||
| Support costs, included | in the above, are as follows: | ||||
| Management | |||||
| 2023 | 2022 | ||||
| Total | |||||
| Support | activities | ||||
| Wages | 105,950 | 63,216 | |||
| Social security | 1,091 | 4,225 | |||
| Pensions | 1,175 | 931 | |||
| Rates and water | 1,773 | 1,727 | |||
| Light and heat | 19,513 | 19,863 | |||
| Bad debts | 10,000 | ||||
| Cleaning | 25,489 | 3,264 | |||
| Travel Bcsubsistence | 10,460 | 3,527 | |||
| Salary recharges | (116,629) | (41,492) | |||
| Depreciation oftangible | and heritage assets | 31,061 | 30,865 | ||
| Bank interest | 2,552 | 1,605 | |||
| 82,435 | 97,731 |
| STAFFCOSTS | ||||
|---|---|---|---|---|
| 2023 | 2022 | |||
| Wages and salaries | 141,750 | 82,972 | ||
| Social security costs | 1,091 | 4,225 | ||
| Other pension costs | 4,475 | 2,431 | ||
| 147,316 | 89,628 | |||
| The average monthly | number ofemployees | during the year was as follows: | ||
| 2023 | 2022 | |||
| Retreat Centre and BkBManagement | 1 | 1 | ||
| Cleaning and catering |
staff | 4 | 4 |
| TANGIBLE FIXEDASSETS | |||
|---|---|---|---|
| Improvemen | |||
| Freehold | to | ||
| pi'opcity | property | ||
| COST | |||
| At 1 April 2022 | 5,000,000 | 2,000 | 1,495,769 |
| Additions | |||
| At 31March 2023 | 5,000,000 | 2,000 | 1,495,769 |
| DEPRECIATION | |||
| At 1April 2022 | 420,000 | 263,708 | |
| Charge for year | 30,000 | 29,916 | |
| At 31March 2023 | 450,000 | 293,624 | |
| NKT BOOKVALUE | |||
| At 31March 2023 | 4,550,NO | 2,000 | 1,202,145 |
| At 31March 2022 | 4,580,000 | 2,000 | 1,232,061 |
| Fixtures | |||
| aild | Computer | ||
| fittings | equipment | ||
| COST | |||
| At 1April 2022 | 17,091 | 3,037 | 6,517,897 |
| Additions | 2,630 | 310 | 2,940 |
| At 31March 2023 | 19,721 | 3,347 | 6,520,837 |
| DEPRECIATION | |||
| At 1April 2022 | 14,404 | 1,824 | 699,936 |
| Charge for year | 877 | 268 | 61,061 |
| At 31March 2023 | 15,281 | 2,092 | 760,997 |
| NET BOOKVALUE | |||
| At 31March 2023 | 4,440 | 1,255 | 5,759,840 |
| At 31March 2022 | 2,687 | 1,213 | 5,817,961 |
| FIXEDASSETINVESTNIKNTS | |
|---|---|
| Capital | |
| Investment | |
| MARMOT'.TVALUE | |
| At 1April 2022 and 31March 2023 | 41,000 |
| NET BOOKVALUE | |
| At 31March 2023 | 41,000 |
| At 31March 2022 | 41,000 |
| 2023 | 2022 | ||
|---|---|---|---|
| Amounts | falling due within one year: | ||
| Trade debtors | 1,911 | 1,693 | |
| Amounts | owed by group undertakings | 35,930 | 133,121 |
| Other debtors | 27,093 | 26,412 | |
| Prepayments and accrued income |
1,199 | 1,095 | |
| 66,133 | 162,321 | ||
| Amounts | falling due after more than one year: | ||
| Amounts | owed by group undertakings | 810,677 | 770,677 |
| Aggregate | amounts | 876,810 | 932,998 |
| CREDITORS: AMOUNTS FALLING DUE W | ITHIN ONE YEAR | ||
|---|---|---|---|
| 2023 | 2022 | ||
| Trade creditors | 3,758 | 427 | |
| Social security and other taxes | 1,432 | 1,274 | |
| Other creditors | 250 | 632 | |
| Accruals and deferred income | 13,948 | 29,157 | |
| 19,388 | 31,490 | ||
| MOVEMENT IN FUNDS | |||
| Net | |||
| movement | At | ||
| At 1.4.22 | in funds | 31.3.23 | |
| Unrestricted funds |
|||
| General fund | 8,570,647 | (99,993) | 8,470,654 |
| TOTAL FUNDS | 8,570,647 | (99,993) | 8,470,654 |
| Incoming | Resources | Movement | |||
|---|---|---|---|---|---|
| resources | expended | in funds | |||
| Unrestricted | funds | ||||
| General fund | 138,653 | (238,646) | (99,993) | ||
| TOTAL FUNDS | 138,653 | (238,646) | (99,993) | ||
| Comparatives | for movement | in funds | |||
| Net | |||||
| movement | At | ||||
| At 1.4.21 | in funds | 31.3.22 | |||
| Unrestricted | funds | ||||
| General fund | 8,371,502 | 199,145 | 8,570,647 | ||
| TOTAL FUNDS | 8,371,502 | 199,145 | 8,570,647 |
| Incoming | Resources | Gains and | Movement | |||
|---|---|---|---|---|---|---|
| resources | expended | losses | in funds | |||
| Unrestricted | funds | |||||
| General fund | 112,785 | (225,640) | 312,000 | 199,145 | ||
| TOTAL FUNDS | 112,785 | (225,640) | 312,000 | 199,145 | ||
| A current year | 12months | and prior year 12months | combined position is as follows. | |||
| Net | ||||||
| movement | At | |||||
| At 1.4.21 | in funds | 31.3.23 | ||||
| Unrestricted | funds | |||||
| General fund | 8,371,502 | 99,152 | 8,470,654 | |||
| 8,371,502 | 99,152 | 8,470,654 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| f. | |||||
| Unrestricted | funds | ||||
| General fund | 251,438 | (464,286) | 312,000 | 99,152 | |
| TOTAL FUNDS | 251,438 | (464,286) | 312,000 | 99,152 |
| for the ear endetl31 |
March2623 | |||
|---|---|---|---|---|
| 2023 | 2022 | |||
| INCOME ANB ENDOWMENTS | ||||
| Donations and legacies |
||||
| Gifts | 4,000 | |||
| Donations | 21,149 | 29,291 | ||
| GiA aid | 3,489 | 3,544 | ||
| Grants | 30 | 16,349 | ||
| 24,668 | 53,184 | |||
| Investment income |
||||
| Rents receivable | 17,400 | 16,463 | ||
| Rents received &om subsidiary | 24,000 | |||
| Interest on subsidiary | loan | 27,351 | 10,426 | |
| Deposit account interest | 937 | 26 | ||
| 69,688 | 26,915 | |||
| Charitable activities |
||||
| Rents &services | 33,173 | 24,315 | ||
| Room hire | 8,929 | 7,020 | ||
| Sundry income | 2,195 | 1,351 | ||
| 44,297 | 32,686 | |||
| Total incoming resources | 138,653 | 112,785 | ||
| Investment management |
costs | |||
| Property maint &repair costs | 7,517 | 10,855 | ||
| Charitable activities |
||||
| Trustee's stipend | 35,800 | 19,756 | ||
| Trustees' pension contributions | 3,300 | 1,500 | ||
| Insurance | 15,596 | 13,936 | ||
| Telephone | 2,126 | 1,716 | ||
| Postage and stationery | 844 | 643 | ||
| Sundries | 1,899 | 1,678 | ||
| Repairs &renewals | 10,047 | 8,658 | ||
| Cleaning | 88 | 758 | ||
| Church costs | 15,804 | 13,691 | ||
| Travel &subsistence | 1,996 | |||
| Carried forward | 85,504 | 64,332 |
| for the ear endetI 31M |
arch 2923 | ||
|---|---|---|---|
| 2023 | 2022 | ||
| Charitable activities |
|||
| Brought forward | 85,504 | 64,332 | |
| Freehold property depn | 30,000 | 30,000 | |
| Grants to institutions | 7,203 | 6,240 | |
| 122,707 | 100,572 | ||
| Support costs | |||
| Management | |||
| Wages | 105,950 | 63216 | |
| Social security | 1,091 | 4,225 | |
| Pensions | 1,175 | 931 | |
| Rates and water | 1,773 | 1,727 | |
| Light and heat | 19,513 | 19,863 | |
| Bad debts | 10,000 | ||
| Cleaning | 25,489 | 3,264 | |
| Travel k, subsistence | 10,460 | 3,527 | |
| Salary recharges | (116,629) | (41,492) | |
| Improvements toproperty |
29,916 | 29,915 | |
| Fixtures and fittings | 877 | 647 | |
| Computer equipment |
268 | 303 | |
| Bank mterest | 2,552 | 1,605 | |
| 82,435 | 97,731 | ||
| Governance costs |
|||
| Auditors' remuneration |
8,100 | 7,500 | |
| Auditors' remuneration Accountancy and legal |
for non audit work f~ |
9,498 8,389 |
8,982 |
| 25,987 | 16,482 | ||
| Total resources expended | 238,646 | 225,640 | |
| Net expenditure | (99,993) | (112,855) |