2022-12-31-accounts - The Junction 28 Church

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

			Page
Company Information
Report ofthe Directors			2-3
Statement of Financial	Activities
Income Statement
Balance Sheet
Notes tothe Financial	Statements
Chartered Accountants'	Report		10
Detailed Income and Expenditure		Account

		Unrestricted	Restricted	TotalFunds	Total Funds
		Funds 8	Funds 8	2022 8	2021f
INCOME AND EXPENDITURE
INCOMING RESOURCES	Notes
Offerings		71,239		71,239	57,388
Specialofferings		3,785		3,785	2,164
Gifi aid tax recovered		16,962		16,962	13,209
Mini Roarers		2,245		2,245	454
Hire ofbuilding		2595		2595	805
Investment income		121		121
Government grant income					6,163
TOTAL INCOMING RESOURCES		96,947		98,947	80,184
RESOURCES EXPENDED
Direct charitable expenditure		25,573		25,573	23,122
Administration		89,441		89.441	63,617
TOTALRESOURCES EXPENDED		95,014		95,014	86,739
NET OUTGOING RESOURCES		4,189		4,189	(6,555)

		2022 8	2021f
INCOME		96,827	74,020
Administrative expenses Other operating income		(84,907)	(78,274) 6,163
OPERATING SURPLUS		11,920	1,909
Loss on disposal offixed assets
Other interest receivable			1
Interest payable and similar	charges		~8465
DEFICIT BEFORETAXATION		4,189	(6,555)
Tax on surplus on ordinary	activities
DEFICIT FOR THE FINANCIAL YEAR		4,189	(6,555)

		2022		2021
	Notes	6
FIXEDASSETS
Tangible assets			993,090		1,013,432
CURRENT ASSETS
Debtors		692		538
Cash at bank		44,179		32,551
		44,871		36,089
CREDITORS Amounts falling due within one year	9	~16016		~10.203)
NET CURRENT ASSET/(LIABILITIES)			28,855		25,886
TOTAL ASSETSLESSCURRENT
LIABILITIES			1,021,945		1,039,318
CREDITORS
Amounts falling due afier more than one year	10		~195925)		~217,487)
NET ASSETS			826,020		821,831
RESERVES
Revaluation reserve	12		146,622		146,622
Restricted funds Unrestricted funds			472,072 ~207326		472,072 203,137
			826,020		821,831

	Unrestricted	Restricted	Total	Total
	Funds 6	Funds 8	2022 6	2021f
Gifts	2,937		2,937	3,049
VisiTing ministry	400		400	500
General ministry AOG levy Children's work	18,312 2,255 1,669		18,312 2,255 1,669	16,210 2,535 828
	~25 573		25,573	23,122

					Unrestricted	Unrestricted	Restricted	Restricted		Total	Total
					Funds 8		Funds 8			2022 8	2021f
Rent and rates						70				70	09
Insurance						2,007				2,097	1,988
Light and heat Salaries						3,829 5,957				3,829 5,957	4,808 11,101
Telephone and internet						1,283				1,263	891
Printing, stationery	and advertising					4,608				4,698	4,252
Repairs and maintenance Computer maintenance,		software and		consumables		12,508 266				12,598 200	4,580 775
Sundries						4,076				4.070	2,212
Subscriptions						3,580				3,580	1,168
Accountancy						660				660	666
Professional fees						13				13	13
Mortgage interest Credit charges						7,852				7,852	8,465 38
Depreuation						22,4$2				22,482	22,591
											63,617
TAXATION
The company is a registered			charity and is therefore		exempt from Corporation			Tax.
TANGIBLE FIXEDASSETS
										Fixtures
						Freehold		Musical		and
				Land		property	Instruments			equipment	Totals
				8		8		8		5	8
COSTOR VALUAllON
At 1 January 2022				200,000		988,864		4,306		68,6$7	1,261,857
AddiTions										2,140	2,140
At 31 December	2022			200,000		988,$64		4,306		70,827	1,203,097
DEPRECIAllON
At 1 January 2022						191,121		4,023		53,281	248,425
Charge for year						10,779			71	2,632	22,482
At 31 December	2022					210,900		4,094		55,913	270.907
NET BOOK VALUE
At 31 December	2022			200,000		777,964			212	14,014	993,090
At 31 December	2021			200,000		797,743			283	15,406	1,013,432
Cost or valuation	at 31 December			2022 is represented		by:
										Fixtures
						Freehold		Musical		and
				Land 5		pl'opsity f	Instrument 8			fittings 8	Totals
Valuation in 2010				146,662							140,662
Cost				53,338		088,854		4,306		70,827	1,117,335
				200,000		988,884		4,306		70,827	1,201,857

8.	DEBTORS
							2022	2021
							8	f
	Amounts falling due within		one yean
	Trade Debtors						135
	Prepayments	and other debtors					557	538
							092	538
	CREDITORS: AMOUNTS		FALLING DUE WITHIN ONE		YEAR
							2022 8	2021f
	Bank loans and overdrafts		(see note 10)				10,781
	Other creditors						2,800	7,600
	Mother and Toddler Group						1,407	1,407
	Accrued expenses						1,029	1,196
							16,016	10,203
10.	CREDITORS:	AMOUNTS	FALLING DUE AFTER MORE THAN ONE			YEAR
							2022	2021
							8
	Bankloans						195,925	~217487
11.	SECURED DEBTS
	The following secured debts are induded			within creditors:
							2022	2021
							8	6
	Bank loans						208,706	217,487
12.	RESERVES
					Unrestricted	Revaluation	Restricted
					funds	reserve	funds	Totals
					8	8	6	8
	At 1 January 2022 Deficit for the year				203.137 ~4,189	146,822	472,072	828,386 ~6555
	At 31 December 2022				207,326	146,622	472,072	~818831

		2022		2021
		6
INCOME
Offerings		71,239		57,385
Special ofl'cringe Gift aid tax recovered Mini Roarers Hire of building		3,785 16,952 2,246 ~2595		2,164 13,209 454 505
CHARITASLE DONATIONS			96,827		74,020
Gifts		2,937		3,049
Visiting ministry		400		500
General ministry Children's work		18,312 1,669		16,210 828
			(23,318)		(20,587)
INVESTMENT INCOME
Sank interest received		121
			121
OTHER OPERATING INCOME
Job retention scheme income				6,163
					6,163
OVERHEADS					59,597
Rent and rates		70		69
Insurance Light end heat Saladies Telephone and internet		2,097 3,829 5,957 1,263		1,988 4,505 11,101 891
Printing, stationery and advertising Repairs and maintenance Computer maintenance, software and consumables		4,698 12,598 266		4,252 4,580 775
Sundry expenses Subscrlptions Finance costs		4.076 3,580		2,212 3,703 38
Accountancy		660		666
Professional fees		13		13
			(39,107)		(35,096)
FINANCE COSTS
Mortgage interest		~7852		5,465
			(7,852)		(8,465)
DEPRECIATION
Musical instruments		71		94
Fixtures and fittings Freehold property Loss on disposal of	tangible fixed assets	2,632 19,779		2,715 19,779
			+22,482)		~22,591)
NET PROFIT			4,189		~6,555