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|Contents|Contents|Contents|||||Pages|
|---|---|---|---|---|---|---|---|
|Trustees||Annual
Report for 2022|||||1-12|
|1.|Introduction|||||||
|2.|Achieving
the Church's||||Purpose||1-5|
||||Purpose and aims|||||
|||Values||||||
||||Overview of2022|||||
||||Future plans|||||
|3.|Financial
Management||||||5-7|
||||Financial
review|||||
||||General
Fund|||||
||||Mission
Fund|||||
||||Development
Fund|||||
||||Special collections|||||
||||Property
valuation|review||||
||||Going Concern
review|||||
|4.|Charity Management||||||8-9|
||||Church
leadership|||||
||||Ministry
and service||structure|||
||||Staffing|||||
|5.|Governance||||||10 - ii|
||||Church status|||||
||||Details of key advisers and service|||providers||
||||Organisational
affiliations|||||
||||Beneficial relationships|||||
||||Health
and safety|and security||||
||||Safeguarding|||||
||||Data Protection|||||
||||Risks and uncertainties|||||
||||Trustees' accounting||and reporting|responsibilities||
|Independent|||Examiner's
Report to the Members||||12 - 13|
|Unaudited|||Financial Statements||||14-23|
|~||Statement of Financial|||Activities||14|
|~||Balance Sheet|||||15|
|~||Statement ofCash Flows|||||16|
|~||Notes to the Accounts|||||17-23|
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|Elders|Revd Kevin Newman|Revd Kevin Newman|Revd Kevin Newman||
|---|---|---|---|---|
||Andrew
Grimstone||||
||3ohn Phillips||||
||Shak Sulliman|(previously||a Deacon), from 5'" May|
|Deacons|Alex Berry, from 5'" May||||
||Andrew
Butt||||
||Andrew
Evans||||
||Stewart Foster||||
||Daniel Gomes,|from 5'" May|||
||Andrew
McKenna||resigned|5'" April 2023|
||Nigel Paget||||
||Fred Paton||||
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|financial
support|and|those|shown as (P/T) were part-time:|
|---|---|---|---|
|Gaynor Atterbury|||Families Co-ordinator
(P/T)|
|Rick and Alanna
Bethany Davies|Creighton||Mission Partners
in Nigeria
Ministry Trainee, from 1"September|
|Andrew
Evans
Naomi Foster
Stewart Foster|||Associate Minister
Families Worker * (P/T)
Facilities Coordinator * (P/T)|
|Nicola Goddard|||Pastoral Secretary (P/T)|
|Daniel Gomes|||Assistant
Minister|
|Andrew
McKenna|||Associate Minister (Music and Media) until 21"August
Music Minister (P/T), from 22"' August|
|Terry and Christine||Miller|Mission Partners
in Spain|
|Fran Newman|||Operations
Manager (P/T)|
|Kevin Newman|||Senior Pastor|
|David Parkes|||Caretaker
(P/T)|
|David Ridal|||Youth Minister|
|Caroline Scott-Evans|||Pre-School Manager (P/T)|
|Lorraine Sulliman|||Finance Assistant
(P/T)|
|Lisa Travers|||Assistant
Minister (Children)|
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|||||General
fund|Mission
fund|Designated
funds *|Endowment
flund|Total|Total|
|---|---|---|---|---|---|---|---|---|---|
||||||(restricted)|||||
||||Notes|2022|2022|2022|2022|2022|2021|
|Income||||||||||
|Voluntary
income||||345,566|98,034|140,745||584,345|429,521|
|Interest receivable||||100|158|99||357||
|Income irom church activities||||40,870||112,450||153,320|145,123|
|Total income||||386,536|98,192|253,294||738,022|574,648|
|Expenditure||||||||||
|Charitable
activities||||||||||
|Integrated
church|acti vities|||(401,255)|(64,456)|(108,164)|(21,984)|(595,859)|(580&108)|
|Grants paid and payable|||||(13,315)|(3,215)|-|(16&530)|(26,650)|
|Interest payable||||||(5,047)||(5,047)|(4,147)|
|Total expenditure||||(401,255)|(77,771)|(116,426)|(21,984)|(617,436)|(610,905)|
|Net
ex
nditure|/income|before transfers||14,719|20,421|136,868|21,984|120586|36,25|
|Transfer between|funds||14|(7,600)||7,600||||
|Net movement
in funds|||24|(22,319)|20,421|144,468|(21,984)|120,586|(36,257)|
|Funds at 1 January||||206,176|35,869|1,756,263|813,408|2,811,716|2,847,973|
|Funds at 31December||||183,857|56,290|1,900,731|791,424|2,932 392|2,311,716|
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||||General|Mission|Designated|Endowment|||
|---|---|---|---|---|---|---|---|---|
||||fund|Amd|funds|fhnd|Total|Total|
|||||(restricted)|||||
|||Notes|2022|2022|2022|2022|2022|2021|
|Fitted assets|||||||||
|Tangible assets|||||||||
|Land and buildings||15|||1,605,000|791,424|2,396,424|2,418,408|
|Other tangible assets||16|31,718||||31&718|12,768|
|Investments|||||||||
|Lock up shop||17|||225,000||225,000|225,000|
||||31,718||1,830,000|791,424|2,653,142|2,656,176|
|Cunent assets|||||||||
|Debtors and payments|in advance|18|55,137|16,381|30,350||101,868|77,035|
|Deposit accounts||19|10,389|16,344|10&200||36,933|36,576|
|Cash at battks and in hand||19|96,488|27,205|30,440||154133|210.371|
|Creditors due within one year||20|162,014
9875|59,930
3.640|70,990
259||292&934
13774|323,982
~63,339|
|Net current assets|||152,139|56,290|70,731||279160|260,643|
|Total assets less current liabilities|||183,857|56,290|1,900,731|791,424|2,932,302|2,916,819|
|Creditors due after one year||21||||||(105,103)|
|Net assets|||183,857|56&290|1,900,731|791,424|2 932302|2,811,716|
|Caftital attd reseri&es|||||||||
|General fund|||183,857||||183,857|206,176|
|Mission fund||||56,290|||56,290|35,869|
|Designated
funds||23|||1,900,731||1,900,731|1,756,263|
|Endowment
capital||||||791424|791424|813,408|
||||183,857|56,290|1,900,731|79L424|2932362|2811.716|
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|||||General|Mission|Designated|||
|---|---|---|---|---|---|---|---|---|
|||||flund|flmd|flmds|Total|Total|
||||||(restricted)||||
||||Notes|2022|2022|2022|2022|2021|
|Net cash flows before Gifl Aid, interest and rent||||(104,399)|1,538|116,228|13,367|(91,727)|
|Gift Aid recovered||||66,283|14,937|1,711|82,931|87,984|
|Net cash flows hem operating
activities||||38,116|16,475|117939||3,743|
|Cash flows from investing
activities|||||||||
|Rent received for 160High Street||||16,000|||16,000|16,000|
|Purchase offixtures,
fittings,|furniture|and equipment||(23,851)|||(23,851)||
|Interest received||||100|158|99|357||
|Cash provided
by investing|activities|||7,751|158|99|7494|16,004|
|Cash flows from flnancing|||||||||
|New mortgage
loan received|||21||||||
|Repayment ofmortgage
capital/Manse||loans||||(112,071)|(112,071)|(6,906)|
|Interest paid on mortgage||||||(4,527)|(4,527)|(3,580)|
|Repayment ofFaith Loan||||||(27,000)|(27,000)||
|Interest paid on Faith Loan||||||(1,087)|(1,087)|(602)|
|Cash (used in)/provided
by|flnanclng|activities||||144,685|144,||
|Increase/(decrease)
in cash|and cash|equivalents||(45,867)|16,633|(26,647)|(55,881)|1,173|
|Changes
in interfund
balances||||(2,415)|539|1,876|||
|Increase/(decrease)
in cash|and cash|equivalents*||(48,282)|17,172|(24,771)|(55,881)|1,173|
|Cash and cash equivalents|at 1January*|||155,159|26,377|65,411|246,947|245,774|
|Cash and cash equivalents|at31December*|||106,877|43,549|40,640|191066|246,947|
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||||2022|2021|
|---|---|---|---|---|
|Senior Pastor:|Taxable financial|support|643,100|f41,250|
||Social security costs||f,4,862|E4,473|
||Pension costs||f.3,412|63,300|
|Associate Minister —Music:|Taxable financial|support|630,501|f32,587|
||Social security costs||E3,039|f3,277|
||Pension costs||61,825|F2,048|
|Associate Minister:|Taxable financial|support|f.27,392|f17,067|
||Social security costs||K2,304|K1,542|
||Pension costs||62„022|61,365|
|Assistant
Minister:|Taxable financial|support|614,850||
|(trustec from 5May)|Social security costs||K1,296||
||Pension costs||K1,160||
|3|Staff numbers|Staff numbers|and emoluments|and emoluments|(including|staff trustees)|||
|---|---|---|---|---|---|---|---|---|
||||||||2022|2021|
||Average number||employed:||||||
||||Full time|General Fund|||5.7|6,0|
||||Part time|Jack|&.Jill Pie-School||7.7|6.2|
|||||General I'und|||5.7|5.7|
||Taxable financial||support||||6277,398|5253,763|
||Social securih|costs|||||618,680|616,932|
||Pension costs||||||f.15,980|615,545|
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||General|Mission|Designated|Endowment|||
|---|---|---|---|---|---|---|
||fiend|ftmd|funds|capital|Total|Total|
||2022|2022|2022|2022|2022|2021|
|15 Land and buildings|||||||
|At costor valuation
on transfer|||||||
|Church site and buildings|||1,071,675|1,099,200|2,170,875|2,170,875|
|12Oakley Gardens
Accumulated
depreciation|||580,000
46,675|285,792|580,000
332,467|580,000
~3301483|
|Net book value at 1January|||1,605,000|813,408|2,418,408|2,440,392|
|Depreciation
in year||||21,984|21904|~23.984|
|Net book value at 31December|||1,605,000|791,424|2,396424|2,418,408|
|At cost or valuation
on transfer
Accumulated
depreciation|||1,651,675
46,675|1,099,200
307,776|2,750,875
354451|2,750,875
~332,467|
|.Vet book value at 31December|||1.605,000|791,424|2,396,424|2,418.408|
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|relocaton ofone me|mber ofstaff and|arent|increase for one|ofthe other prop|erties.
Renta|ls are expense|d as they fall due|.||
|---|---|---|---|---|---|---|---|---|---|
||||||Balance at|Income|Expenditure|Transfer|Balance at|
|||||31|December||||31December|
||||||2021|2022|2022|2022|2022|
|23 Designated
lands||||||||||
|Church organisations/activities:||||||||||
|Development
Fund|||||1,723,447|132,240|(7,331)|7,600|1,855,956|
|Jack &JillPre-School|||||32,816|104,835|(96,966)||40,685|
|Other income and expenditure:||||||||||
|Grant||||||1,267|(1,267)|||
|Benevolent Fund||||||7,305|(3,215)||4,090|
|Other speci)to church activines||||||7,647|7,647|||
||||||1,756,263|253,294|116,426|7.600|1900,731|
|||||General|Mission|Designated|Endowment|||
|||||fund|ftund|ibnds|capital|Total|Total|
|||||2022|2022|2022|2022|2022|2021|
|24 Recondllation|ofnet movement|in fjunds to net||||||||
|cash (outflow)/inflow
from operating|||activities|||||||
|Net movement
in funds||||(22,319)|20,421|144,468|(21,984)|120,586|(36,257)|
|Adjustments
for:||||||||||
|Tax recoverable||||(64,264)|(18,438)|(28,308)||(111,010)|(80,599)|
|Interest receivable||||(100)|(158)|(99)||(357)|(4)|
|Rent receivable||||(16,000)||||(16,000)|(167000)|
|Depreciation||||4,900|||21,984|26,884|25,626|
|Interest payable||||||5,047||5,047|4,147|
|Decrease/'(increase)|in other debtors|and prepayments||(551)|(342)|||(893)|13,585|
|(Decrease)!increase|in other creditors|and accruals||(6,065)|55|(350)||(6,360)|(2,226)|
|Decrease in deferred|income|||||(4,530)||(4,530)||
|Net cash flows before Gift Aid, interest and rent||||104,399|1.538|116.228||13,367|~91,727|