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|Trustees||Mr R Mclntyre||
|---|---|---|---|
|||Mrs STyme|(Resigned 23 March 2023)|
|||Mr M Frost||
|||Mr J Bryson||
|||Mr B0 Falegan||
|||Mr ACheung||
|||Mrs AWalker|(Resigned 23 March 2023)|
|||S Mahtani||
|||Mr G Bleasdale||
|||A F Holtshausen||
|||Dr E M Craig||
|||Miss AAverkiou||
|Charity number||1125684||
|Company|number|06327802||
|Registered|office|Telfer House||
|||Range Road||
|||Witney||
|||OX29 OYN||
|Auditors||Shaw Gibbs (Audit) Limited||
|||264 Banbury Road||
|||Oxford||
|||Oxfordshire||
|||OX2 7DY||
##
|||Page|
|---|---|---|
|Trustees'
report||1-9|
|Independent
auditoVs|report||
|Statement
offinancial|activities|13|
|Balance sheet||14|
|Statement
ofcash flows||15|
|Notes to the accounts||16-28|
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||||Unrestricted|Designated|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
||||funds|funds|funds|2022|2021|
|||Notes|6|6|6|6|6|
|Income and endowments|from|||||||
|Donations
and legacies||3|6,221,898|3,605,188|5,994,523|15,821,609|16,469,834|
|Activities for generating
funds|||41,704|||41,704|19,975|
|Investment
income||4|2,284|||2,284|164|
|Incoming resources
from||||||||
|charitable
activities||5|10,971|||10,971|37,734|
|Total income and endowments|||6,276,857|3,605,188|5,994,523|15,876,568|16,527,707|
|~ECht||||||||
|Raising funds|||1,187,490|||1,187,490|988,775|
|Charitable
activities||8|4,566,366|3,605,188|5,994,523|14,166,077|15,633,753|
|Total resources expended|||5,753,856|3,605,188|5,994,523|15,353,567|16,622,528|
|Net (gains) on investments||10||(86,459)||(86,459)||
|Net income/(expenditure)|for the|year/||||||
|Net movement
in funds|||523,001|86,459||609,460|(94,821)|
|Fund balances at 1 January|2022||2,446,264|143,580||2,589,844|2,684,665|
|Fund balances at 31 December||||||||
|2022|||2,969,265|230,039||3,199,304|2,589,844|
##
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||||||2022|||2021|
|---|---|---|---|---|---|---|---|---|
|||||Notes|6|||F|
|Fixed assets|||||||||
|Tangible assets||||12||994,759||1,439,024|
|Investment|properties|||13||500,000|||
|||||||1,494,759||1,439,024|
|Current assets|||||||||
|Debtors||||14|1,650,455|||942,243|
|Investments||||15|83,000|||83,000|
|Cash at bank and||in|hand||295,934|||268,678|
||||||2,029,389|||1,293,921|
|Creditors:|amounts||falling due within|16|||||
|one year|||||324,844|||143,101|
|Net current|assets|||||1,704,545||1,150,820|
|Total assets less||current liabilities||||3,199,304||2,589,844|
|Income funds|||||||||
|Designated|funds|||||230,039||143,580|
|Unrestricted|funds|||||2,969,265||2,446,264|
|||||||3,199,304||2,589,844|
||||||
|||23 May 2023
|
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|||||2022||2021||
|---|---|---|---|---|---|---|---|
||||Notes|6||F||
|Cash flows from operating||activities||||||
|Cash generated
from operations|||22||74,714||146,569|
|Investing|activities|||||||
|Purchase|oftangible
fixed assets|||(49,742)||(66,594)||
|Interest received||||2,284||163||
|Net cash|used in investing|activities|||(47,458)||(66,431)|
|Financing|activities|||||||
|Repayment|of bank loans|||||(48,546)||
|Net cash|used in financing|activities|||||(48,546)|
|Net increase
in cash and cash equivalents|||||27,256||31,592|
|Cash and|cash equivalents|at beginning|ofyear||268,678||237,086|
|Cash and|cash equivalents|at end of|year||295,934||268,678|
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|Donations|and legacies||||||
|---|---|---|---|---|---|---|
|||Unrestricted|Designated|Restricted|Totai|Total|
|||funds|funds|funds|2022|2021|
|||6|6|6|6|6|
|Donations|and gifts|4,094,393|3,605,188|5,994,523|13,694,104|15,016,606|
|Legacies|receivable|2,127,505|||2,127,505|1,453,228|
|||6,221,898|3,605,188|5,994,523|15,821,609|16,469,834|
##
|||2022|2021|
|---|---|---|---|
|||6||
|Interest|receivable|2,284|164|
##
|||Unrestricted|Unrestricted|
|---|---|---|---|
|||funds|funds|
|||general|general|
|||2022|2021|
||||6|
|Other|income|21||
|Rental|income|10,950|37,734|
|||10,971|37,734|
##
##
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|7|Allocation of|governance|and support costs|||||
|---|---|---|---|---|---|---|---|
||||||Governance|Other|Total|
||||||Related|Support costs|allocated|
||||||2022|2022|2022|
||Cost type|||||||
||Staff costs||||40,066|921,189|961,255|
||Finance costs||||11,280|108,434|119,714|
||Depreciation|||||80,467|80,467|
||Building costs|||||127,232|127,232|
||ITcosts|||||148,538|148,538|
||HR costs|||||76,758|76,758|
||Other costs||||7,054|27,306|34,360|
||Total||||58,400|1,489,924|1,548,324|
||All governance|costs are|met from unrestricted|funds.||||
|The staff costs have been|allocated|based on the time spent on each activity.|||
|---|---|---|---|---|
|Governance
costs:|||2022|2021|
||||F|f|
|Audit fees|||11,280|10,770|
|Professional fees|||4,663|2,132|
|Meeting expenses|||2,391|1,258|
|Staif costs|||40,066|42,768|
|Total|||58,400|56,928|
|Allocation ofgovernance
charitable
and fundraising|and support costs to
activities:||2022f|2021f|
|Providing
bibles and Christian
literature|||111,973|79,340|
|Training for leadership
and|discipleship||440,382|514,564|
|Raising awareness
and encouraging||prayer|137,502|120,842|
|Sustaining
lives, supporting|livelihoods||449,053|451,709|
|Speaking
out in advocacy|||112,688|86,760|
|Engaging
and mobilising
the Church|||156,449|117,589|
|Preparing
the next generation
ofsupporters|||20,525|15,322|
|Allocated to charitable
activities|||1,428,572|1,386,126|
|Allocated to fundraising
activities|||119,752|87,667|
|Total|||1,548,324|1,473,793|
##
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||||Providing|Training for|Sustaining|Raising|Engaging|Speaking|Preparing|2022|2021|
|---|---|---|---|---|---|---|---|---|---|---|---|
||||bibles and|leadership|lives,|awareness|and|out in|the next|||
||||Christian|and|suppordng|and|mobilising|advocacy|generation|||
||||literature|discipleship|livelihoods|encourag-|the Church||of|||
|||||||ing prayerf|||supportersf|||
|Analysts|by fund|||||||||||
|Unrestncted||funds|111,973|440,382|449,054|1,383,508|1,100,377|897,543|203,529|4,566,366||
|Designated||||||||||||
|funds|||501,770|1,622,756|1,156,866||300,581|23,215||3,605,188||
|ResVicted||funds|496,613|2,303,801|2,846,999||150,423|196,687||5,994,523||
||||1,110,356|4,366,939|4,452,919|1,383,508|1,551,381|1,117,445|203,529|14,166,077||
|For the year ended 31 December 2021||||||||||||
|UnresVicted||funds|79,340|514,564|451,709|1,230,681|867,180|743,971|172,815||4,060,260|
|Designated||||||||||||
|fuiitts|||276,973|1,734,866|1,886,253|132,268|354,427|136,171|||4,320,958|
|Restricted||funds|538,543|3,554,202|2,956,739||104,645|98,406|||7,252,535|
||||894,856|5,803,632|5,094,701|1,362,949|1,326,252|978,548|172,815||15,633,753|
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||The number
were:|ofemp|loyees|whose annual
remuneration
was|E60,000 or more||
|---|---|---|---|---|---|---|
||||||2022|2021|
||||||Number|Number|
||E60,000-E69,999||||3||
||E70,000-E79,999||||||
||E80,000-E89,999||||||
||||||2022|2021|
||||||E|E|
||Wages and|salaries|||2,725,086|2,594,654|
||Social security costs||||250,643|233,286|
||Pension costs||||154,356|149,727|
||||||3,130,085|2,977,667|
|10|Net gains/(losses)||on investments||||
||||||Designated|Total|
||||||funds||
||||||2022|2021|
||||||E|E|
||Revaluation|of investment||properties|86,459||
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|12|Tangible fixed assets|||||||
|---|---|---|---|---|---|---|---|
||||Freehold|Computer|Ofhce|Motor|Total|
||||propertyf|Equipment
F|Equipment
F|vehicles
F||
||Cost|||||||
||At 1 January 2022||1,661,426|105,195|77,757|10,990|1,855,368|
||Additions||5,500||44,242||49,742|
||Transfer to investment|property|(421,950)||||(421,950)|
||At 31 December 2022||1,244,976|105,195|121,999|10,990|1,483,160|
||Depreciation
and impairment|||||||
||At 1 January 2022||295,530|84,949|25,332|10,533|416,344|
||Depreciation
charged|in the year|46,629|16,228|17,152|457|80,466|
||Transfer to investment|property|(8,409)||||(8,409)|
||At 31 December 2022||333,750|101,177|42,484|10,990|488,401|
||Carrying
amount|||||||
||At 31 December 2022||911,226|4,018|79,515||994,759|
||At 31 December 2021||1,365,896|20,246|52,425|457|1,439,024|
##
|Investmen|t
property||||
|---|---|---|---|---|
|||||2022|
|Fair value|||||
|At 1 January 2022|||||
|Transfers|from owner-occupied||property|413,541|
|Net gains|or losses through|fair|value adjustments|86,459|
|At 31 December 2022||||500,000|
|Debtors|||
|---|---|---|
||2022|2021|
|Amounts
falling due within one year:|||
|Trade debtors|686|3,208|
|Legacies receivable|1,346,549|655,903|
|Accrued income from Gift Aid donations|245,062|151,154|
|Other debtors|11,133|5,375|
|Prepayments
and accrued income|47,025|126,603|
||1,650,455|942,243|
##
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|15|Current as|set inves|t|ments|||
|---|---|---|---|---|---|---|
||||||2022|2021|
||||||6||
||Investment|property|held for sale||83,000|83,000|
|16|Creditors:|amounts||falling due within one year|||
||||||2022|2021|
||||||6|6|
||Other taxation and social security||||85,030|63,445|
||Trade creditors||||208,473|40,858|
||Other creditors||||4,033|2,340|
||Accruals and deferred|||income|27,308|36,458|
||||||324,844|143,101|
##
|||||Movement|||||
|---|---|---|---|---|---|---|---|---|
|||||in funds|||||
||||Balance at|Incoming|Balance at||Revaluation|Balance at|
|||1|January 2021|reeourcea1|January|2022|gains|31 December|
|||||||||2022|
|Revaluation|reserve||143,580||143,580||86,459|230,039|
##
##
|Analysis of net assets between
funds|||
|---|---|---|
|||Total|
|Fund balances at 31 December 2022 are represented|by:||
|Tangible fixed assets||994,759|
|Investment
properties||500,000|
|Current assets/(liabilities)||1,704,545|
|||3,199,304|
##
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||||2022
F|2021f|
|---|---|---|---|---|
||Within one year||6,902|6,134|
||Between two and five years||24,175|730|
||||31,077|6,864|
||No vehicles were leased during the year.||||
|22|Cash generated
from operations||2022|2021|
||Surplus/(deficit)
for the year||609,460|(94,821)|
||Adjustments
for:||||
||Investment
income recognised
in SOFA||(2,284)|(164)|
||Non-cash
income recognised
in SOFA|||(83,000)|
||Fair value gains and losses on investment|properties|(86,459)||
||Depreciation
and impairment
oftangible|fixed assets|80,466|68,306|
||Movements
in working
capital:||||
||(Increase)/decrease
in debtors||(708,212)|383,176|
||Increase/(decrease)
in creditors||181,743|(126,928)|
||Cash generated
from operations||74,714|146,569|