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|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|
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||||||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|
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||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|
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||||||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|
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|||||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|
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|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|
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|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|
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|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|
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|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|
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|||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|
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|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|
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||||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|
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|||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|
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|||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|
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||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)|