||||Page|| |---|---|---|---|---| |Report ofthe Trustees||1|to|7| |Independent
Examiner's|Report|||| |Statement of Financial|Activities|||| |Balance Sheet|||10|| |Cash Flow Statement||||| |Notes to the Cash Flow|Statement||12|| |Notes to the Financial Statements||14|to|22| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Statement of Financi
for the Year Ended|al Activitie
30Septemb|s
er 2022|||||| |---|---|---|---|---|---|---|---| |||||||30.9.22|30.9.21| |||||Unrestricted
fund|Restricted
funds|Total
funds|Total
funds| ||||Notes|||F|| |INCOME AND ENDOWMENTS
Donations
and legacies||FROM|2|759,398|56,120|815,518|615,509| |Charitable
activities|||||||6,000| |Corporate Worship
Administration|||||1,000|1,000|2,000| |Other trading
activities
Investment
income||||9,515
3|525
1|10,040
4|9,341
422| |Total||||768,916|57,646|826,562|633,272| |EXPENDITURE ON
Raising funds||||48,230|51,960|100,190|54,718| |Charitable
activities
Corporate Worship
Administration||||150,906
367,064|2,092
65,426|152,998
432,490|408,604
79,740| |Total||||566,200|119,478|685,678|543,062| |NET INCOME/(EXPENDITURE)||||202,716|(61,832)|140,884|90,210| |RECONCILIATION
Total funds brought|OF FUNDS
forward|||512,105|1,023,056|1,535,161|1,444,951| |TOTAL FUNDS CARRIED FORWARD||||714,821|961,224|1,676,045|1,535,161| ## ## ## |Cash Flow Statement
for the Year Ended 30Sept|ember 2022|||| |---|---|---|---|---| ||||30.9.22|30.9.21| |||Notes||| |Cash flows from operating
activities
Cash generated
from operations
Finance costs paid|||353,894
(29,099)|110,535
(29,118)| |Net cash provided
by operating
activities|||324,795|81,417| |Cash flows from investing
activities
Purchase of tangible fixed assets||||(683)
422| |Interest received||||| |Net cash provided
by/(used|in) investing|activities||(261)| |Change
in cash and cash
the reporting
period
Cash and cash equivalents
beginning
ofthe reporting|equivalents
at the
period|in|324,799
416,404|81,156
335,248| |Cash and cash equivalents
the reporting
period|at the end|of|456,018|416,404| ## |for t|he Year Ended 30Sep|tember 2022|tember 2022|tember 2022|tember 2022|||| |---|---|---|---|---|---|---|---|---| |1.|RECONCILIATION|OF NET INCOME TO NET CASH||||FLOW FROM OPERATING|ACTIVITIES|| ||||||||30.9.22|30.9.21| |||||||||E| ||Net income for the|reporting|||period (as per the Statement of Financial|||| ||Activities)||||||140,884|90,210| ||Adjustments
for:|||||||| ||Depreciation
charges||||||61,784|66,866| ||Interest received||||||(4)|(422)| ||Finance costs||||||29,099|29,118| ||Decrease/(increase)|in|debtors||||100,784|(26,153)| ||Increase/(decrease)|in|creditors||||21,347|(49,084)| ||Net cash provided|by|operations||||353,894|110,535| |2.|ANALYSIS OF CHANGES|||IN NET DEBT||||| |||||||At 1.10.21|Cash flow|At 30.9.22| ||Net cash|||||||| ||Cash at bank and in|hand||||416,404|39,614|456,018| |||||||416,404|39,614|456,018| ||Debt|||||||| ||Debts falling due within||1 year|||(26,840)|8,956|(17,884)| ||Debts falling due after 1 year|||||(762,898)|16,604|(746,294)| |||||||(789,738)|25,560|(764,178)| ||Total|||||(373,334)|65,174|(308,160)| ## ## ## ## ## ## |All Nations Christian
Centre
(Wolverhampton)|All Nations Christian
Centre
(Wolverhampton)|All Nations Christian
Centre
(Wolverhampton)|||||| |---|---|---|---|---|---|---|---| |Notes to the Financial Statements|||-continued||||| |forthe Year Ended 30September|||2022||||| |2.|DONATIONS
AND LEGACIES|||||30.9.22|30.9.2'i| |||||||E|| ||Donations
Gift aid
Grants
Donated services and facilities|||||741,558
72,490
949
521|557,079
58,430| |||||||815,518|615,509| ||Grants received, included|in|the|above, are as follows:|||| |||||||30.9.22|30.9.21| |||||||E|F| ||Other grants|||||949|| |3.|OTHER TRADING ACTIVITIES|||||30.9.22|30.9.21| ||Shop income
Other trading
activities|||||525
9,515|9,341| |||||||10,040|9,341| |4.|INVESTNIENT INCOME|||||30.9.22|30.9.21| ||Deposit account interest|||||4|422| ||INCOME FROM CHARITABLE|||ACTIVITIES||30.9.22|30.9.21| ||Venue hire
Venue hire|||Activity
Corporate
Worship
Administration||1,000|6,000| ||Grants|||Administration|||2,000| |||||||1,000|8,000| ||Grants received, included|in|the|above, are as follows:||30.9.22|30.9.21| ## ||||||| |---|---|---|---|---|---| |Raising don|ations|and|legacies|30.9.22|30.9.21| ||||||E| |||||4,899|14,676| |Staff costs||||226|| |Video production||||94,730|40,042| |Supportcosts|||||| |||||99,855|54,718| |Investment|management||costs|30.9.22|30.9.21| |||||F|| |||||83|| |Administrative|expenses|||252|| |Communications||printing|||| |||||335|| |||||100,190|54,718| ## ## ## |CHARITABLE ACTIVITIES COSTS||Grant||| |---|---|---|---|---| |||funding
of||| |||activities|Support|| ||Direct
Costs|(see note
8)|costs (see
note 9)
E|Totals
E| |Corporate Worship
Administration|2,873
260,037|30,316|150,125
142,137|152,998
432,490| ||262,910|30,316|292,262|585,488| |GRANTS PAYABLE|||30.9.22|30.9.21| |Corporate Worship
Administration|||30,316|22,500| ||||30,316|22,500| ## ## |SPPORTCOST|||||| |---|---|---|---|---|---| |U||||Information|Human| |||Management|Finance
F|technology
E|resources
E| |Raising donations
Corporate Worship
Administration|and legacies|31,438
60,624|11,559|1,508
17,829|150,125
6,234| |||92,062|11,559|19,337|156,359| ## ## ## ## ## ## ## ## |STAFF COSTS||||| |---|---|---|---|---| ||||30.9.22|30.9.21
f| |Wages and salaries|||248,670|209,779| |Social security costs|||11,367|584| |Other pension costs|||4,899|4,671| ||||264,936|215,034| |The average
monthly|number ofemployees|during the year was as follows:||| ||||30.9.22|30.9.21| |Management|||3|3| |Ministry|||4|4| |Administration|||7|7| ||||14|14| ## ## |for th|e Year Ended 30September 2022|e Year Ended 30September 2022|e Year Ended 30September 2022||| |---|---|---|---|---|---| |13.|COINPARATIVES
FOR THE STATEIIENT OF FINANCIAL ACTIVITIES
Unrestncted|||Restricted|Total| ||||fund|funds|funds| ||||E|f.|| ||INCOME AND ENDOWMENTS
Donations
and legacies|FROM|532,821|82,688|615,509| ||Charitable
activities
Corporate Worship
Administration||6,000|2,000|6,000
2,000| ||Other trading
activities
Investment
income||9,341
304|118|9,341
422| ||Total||548,466|84,806|633,272| ||EXPENDITURE ON
Raising funds||307|54,411|54,718| ||Charitable
activities
Corporate
Worship
Administration||385,602
12,332|23,002
67,408|408,604
79,740| ||Total||398,241|144,821|543,062| ||NET INCOME/(EXPENDITURE)
Transfers
between funds||150,225
(63,989)|(60,015)
63,989|90,210| ||Net movement
in funds||86,236|3,974|90,210| ||RECONCILIATION
OF FUNDS
Total funds brought
forward||425,869|1,019,082|1,444,951| ||TOTAL FUNDS CARRIED FORWARD||512,105|1,023,056|1,535,161| |14.|TANGIBLE FIXEDASSETS|||Improvements|| ||||Freehold|to|Plant and| ||||property
E|property
E|machinery
f| ||COST
At 1 October 2021 and 30September 2022||2,212,652|18,920|272,226| ||DEPRECIATION
At 1 October 2021
Charge for year||308,928
8,594|5,676
37,551|216,115
14,028| ||At 30September 2022||317,522|43,227|230,143| ||NET BOOKVALUE
At 30September 2022||1,895,130|(24,307)|42,083| ||At 30September 2021||1,903,724|13,244|56,111| ## |for th|e Year Ended 30September 2|e Year Ended 30September 2|022|||| |---|---|---|---|---|---|---| |14.|TANGIBLE FIXED ASSETS-||continued|Fixtures||| |||||and|Computer|| |||||fittings|equipment|Totals| ||COST
At 1 October 2021 and 30|September 2022||30,127|27,794|2,561,719| ||DEPRECIATION
At 1 October 2021
Charge for year|||26,654
694|22,578
916|579,951
61,783| ||At 30 September 2022|||27,348|23,494|641,734| ||NET BOOK VALUE
At 30September 2022|||2,779|4,300|1,919,985| ||At 30September 2021|||3,473|5,216|1,981,768| |15.|DEBTORS: AMOUNTS
FALLING DUE WITHIN ONE YEAR||||30.9.22|30.9.21| ||Other debtors||||128,935|68,021| |16.|CREDITORS: AMOUNTS|FALLING DUE WITHIN ONE YEAR|||30.9.22
f|30.9.21
F| ||Bank loans and overdrafts (see note 18)
Social security and other taxes
Other creditors
Pension control account||||17,884
(4,792)
69,162
345|26,840
4,421
136,119
754| ||||||82,599|168,134| |17.|CREDITORS: AMOUNTS|FALLING DUE AFTER MORE THAN||ONE YEAR|30.9.22|30.9.21| ||Bank loans (see note 18)||||746,294|762,898| |18.|LOANS|||||| ||An analysis ofthe maturity|of|loans is given below:|||| ||||||30.9.22|30.9.21| ||Amounts
falling due within
Bank loans|one year on demand:|||17,884|26,840| ||Amounts
falling between one
Bank loans -1-2 years||and two years:||27,523|27,610| ||Amounts
falling due between
Bank loans -2-5 years||two and five years:||93,124|90,102| ||Amounts
falling due in more than five years:|||||| ||Repayable
by instalments:
Bank loans more 5yr by instal||||625,647|645,186| ## ## |MOVEMENT
IN FU|NDS||||| |---|---|---|---|---|---| |||||Net|| ||||At|movement|At| ||||1.10.21|in funds|30.9.22| |Unrestricted
funds
General
Fund|||512,105|202,716|714,821| |Restricted funds
Building
Fund
Missions
Spiwe
Straits Community
Church
Grace Building
Fund
Whitmore
Reans Community||Project|861,569
12,897
14,483
112,592
11,254
10,261|(64,587)
(11,321)
220
6,671
5,388
1,797|796,982
1,576
14,703
119,263
16,642
12,058| ||||1,023,056|(61,832)|961,224| |TOTALFUNDS|||1,535,161|140,884|1,676,045| ## |Net movement
in fu|nds, inclu|ded
in the above are a|s follows:||| |---|---|---|---|---|---| ||||Incoming|Resources|Movement| ||||resources|expended|in funds| ||||E|E|| |Unrestricted
funds
General
Fund|||768,916|(566,200)|202,716| |Restricted funds
Building Fund
Missions
Spiwe
Straits Community
Church
Grace Building
Fund
Whitmore
Reans Community||Project|14,392
13,240
722
14,816
7,280
7,196|(78,979)
(24,561)
(502)
(8,145)
(1,892)
(5,399)|(64,587)
(11,321)
220
6,671
5,388
1,797| ||||57,646|(119,478)|(61,832)| |TOTALFUNDS|||826,562|(685,678)|140,884| ## ## |Comparatives
for|movemen|t
in funds||||| |---|---|---|---|---|---|---| |||||Net|Transfers|| ||||At|movement|between|At| ||||1.10.20|in funds|funds|30.9.21| |||||E|F-|| |Unrestricted
funds||||||| |General
Fund|||425,869|150,225|(63,989)|512,105| |Restricted funds||||||| |Building Fund
Missions
Spiwe
Straits Community
Church
Grace Building
Fund
Whitmore
Reans Community||Project|886,100
18,316
12,663
89,327
15,136
(2,460)|(60,563)
(9,560)
4,890
7,954
(6,568)
3,832|36,032
4,141
(3,070)
15,311
2,686
8,889|861,569
12,897
14,483
112,592
11,254
10,261| ||||1,019,082|(60,015)|63,989|1,023,056| |TOTAL FUNDS|||1,444,951|90,210||1,535,161| ## ## ## |Comparative
net movement|in|funds, included
in th|e above are|as follows:||| |---|---|---|---|---|---|---| |||||Incoming|Resources|Movement| |||||resources|expended|in funds| |||||||E| |Unrestricted
funds
General Fund||||548,466|(398,241)|150,225| |Restricted funds
Building
Fund
Missions
Spiwe
Straits Community
Church
Grace Building
Fund
Whitmore
Reans Community||Project||19,259
13,322
5,708
19,046
10,003
17,468|(79,822)
(22,882)
(818)
(11,092)
(16,571)
(13,636)|(60,563)
(9,560)
4,890
7,954
(6,568)
3,832| |||||84,806|(144,821)|(60,015)| |TOTAL FUNDS||||633,272|(543,062)|90,210| |A current year 12months|and|prior year 12months|combined|position is as follows:||| |||||Net|Transfers|| ||||At|movement|between|At| ||||1.10.20|in funds|funds|30.9.22
f| |Unrestricted
funds
General
Fund|||425,869|352,941|(63,989)|714,821| |Restricted funds
Building
Fund
Missions
Spiwe
Straits Community
Church
Grace Building Fund
Whitmore
Reans Community||Project|886,100
'l8,316
12,663
89,327
15,136
(2,460)|(125,150)
(20,881)
5,110
14,625
(1,180)
5,629|36,032
4,141
(3,070)
15,311
2,686
8,889|796,982
1,576
14,703
119,263
16,642
12,058| ||||1,019,082|(121,847)|63,989|961,224| |TOTAL FUNDS|||1,444,951|231,094||1,676,045| |A current year 12 m
as follows:|onths
an|d prior year 12 months|combined
net movement
in|funds,
included
i|n the above
a| |---|---|---|---|---|---| ||||Incoming|Resources|Movement| ||||resources|expended|in funds| |||||E|E| |Unrestricted
funds|||||| |General
Fund|||1,317,382|(964,441)|352,941| |Restricted funds|||||| |Building
Fund
Missions|||33,651
26,562|(158,801)
(47,443)|(125,150)
(20,881)| |Spiwe
Straits Community
Church
Grace Building
Fund
Whitmore
Reans Community||Project|6,430
33,862
17,283
24,664|(1,320)
(19,237)
(18,463)
(19,035)|5,110
14,625
(1,180)
5,629| ||||142,452|(264,299)|(121,847)| |TOTAL FUNDS|||1,459,834|(1,228,740)|231,094| ## ## ## ## ##