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||||||Page|
|---|---|---|---|---|---|
|Reference and administrative||details|ofthe Company,|its Trustees and advisers||
|Trustees'
report|||||2-5|
|Independent|auditors'
report|on the|financial statements||6-9|
|Consolidated|statement
offinancial||activities||10|
|Consolidated|balance sheet||||11-12|
|Company
balance sheet|||||13 - 14|
|Consolidated|statement
ofcash flows||||15|
|Notes to the|financial
statements||||16-33|
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||||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
|||Note|2022
F|2022
f|2022|2021f|
|Income from:|||||||
|Donations
and legacies||||435,860|435,860|155,133|
|Charitable
activities||||3,317,289|3,317,289|4,791|
|Other trading
activities||||193,243|193,243|11,430|
|Investments||||15|15|33|
|Other income||||8,512|8,512|75,832|
|Total income||||3,954,919|3,954,919|247,219|
|Expenditure
on:|||||||
|Raising funds||||156,227|156,227|10,669|
|Charitable
activities||||3,645,452|3,645,452|251,778|
|Total expenditure||||3,801,679|3,801,679|272,447|
|Net movement
in funds before other|||||||
|recognised
gains/(losses)||||153,240|153,240|(25,228)|
|Other recognised|gains/(losses):||||||
|Otherlosses||||(8,791)|(8,791)|(849)|
|Net movement
in funds||||144,449|144,449|(25,077)|
|Reconciliation
offunds:|||||||
|Total funds brought|forward||2,900|(421,770)|(418,870)|(392,793)|
|Net movement
in funds||||144,449|144,449|(26,077)|
|Total funds carried|forward||2,900|(277,321)|(274,421)|(418,870)|
##
||||||CONSOLIDATED|BALANCE|SHEET|||
|---|---|---|---|---|---|---|---|---|---|
||||||AS AT 30|JUNE 2022||||
||||||||2022||2021|
||||||Note||||8|
|Fixed assets||||||||||
|Tangible assets|||||13||12,102||13,577|
|Investments|||||14||||100|
||||||||12,102||13,677|
|Current assets||||||||||
|Debtors|||||15|413,646||90,715||
|Cash at bank|and|in hand||||419,871||397,485||
|||||||833,517||488,201||
|Creditors: amounts||falling||due within|one|||||
|year|||||16|(1,030,040)||(35,893)||
|Net current liabilities|||1assets||||(196,523)||452,308|
|Total assets|less|current||liabilities|||(184,421)||455,985|
|Creditors: amounts||falling||due after|more|||||
|than one year|||||17||(90,000)||(884,855)|
|Net liabilities|excluding|||pension asset|||(274,421)||(418,870)|
|Total net assets|||||||(274,421)||(418,870)|
|Charity funds||||||||||
|Restricted funds|||||19||2,900||2,900|
|Unrestricted
funds|||||19||(277,321)||(421,770)|
|Total funds|||||||(274,421)||(418,870)|
##
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||||||2022||2021|
|---|---|---|---|---|---|---|---|
||||Note||6|||
|Fixed assets||||||||
|Tangible assets|||13||12,102||13,577|
|Investments|||14||100||200|
||||||12,202||13,777|
|Current assets||||||||
|Debtors|||15|455,829||153,726||
|Cash at bank and|in hand|||214,798||353,343||
|||||670,627||5'I7,069||
|Creditors: amounts|falling|due within one||||||
|year|||16|(837,698)||(20,293)||
|Net current
liabilities Iassets|||||(167,071)||496,776|
|Total assets less|current|liabilities|||(154,869)||510,553|
|Creditors: amounts|falling|due after more||||||
|than one year|||||(90,000)||(884,855)|
|Net liabilities
excluding||pension asset|||(244,869)||(374,302)|
|Total net assets|||||(244,869)||(374,302)|
|Charity funds||||||||
|Restricted
funds|||19||2,900||2,900|
|Unrestricted
funds|||19||(247,769)||(377,202)|
|Total funds|||||(244,869)||(374,302)|
##
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|||FO|R T|HE YEAR ENDED 30JUNE 2022|||
|---|---|---|---|---|---|---|
||||||2022|2021|
||||||6||
|Cash flows from operating||activities|||||
|Net cash used
in operating||activities|||58,692|(114,807)|
|Cash flows from investing||activities|||||
|Interest paid||||||(1,103)|
|Purchase
oftangible
fixed assets|||||(2,615)||
|Interest income|||||15|33|
|Net cash used in investing||activities|||(2,600)|(1,070)|
|Cash flows from financing||activities|||||
|Repayments
of borrowing|||||(30,000)||
|Net cash (used in)/provided||by financing||activities|(30,000)||
|Change
in cash and cash|equivalents||in|the year|26,092|(115,877)|
|Cash and cash equivalents|at the beginning|||ofthe year|393,200|509,077|
|Cash and cash equivalents||at the end|of|the year|419,292|393,200|
|The notes on pages 16to 33form part ofthese financial statements|||||||
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##
|||||Unrestricted|Total|
|---|---|---|---|---|---|
|||||funds|funds|
|||||2022|2022|
|||||8|8|
||Donations|||435,860|435,860|
|||||Unrestricted|Total|
|||||funds|funds|
|||||2021f|2021|
||Donations|||155,133|155,133|
|4.|Income from charitable||activities|||
|||||Unrestricted|Total|
|||||funds|funds|
|||||2022|2022|
||||||F|
||Income from charitable|activities||3,317,289|3,317,289|
|||||Unrestdcted|Total|
|||||funds|funds|
|||||2021f|2021f|
||Income from charitable|activities||4,791|4,791|
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||||Unrestricted|Total|
|---|---|---|---|---|
||||funds|funds|
||||2022|2022|
||||6|8|
|Online|ticket|sales|190,756|190,756|
|Other|income||2,467|2,487|
||||193,243|193,243|
||||Unrestricted|Total|
||||funds|funds|
||||2021
6|2021f|
|Online|ticket|sales|11,310|11,310|
|Other|income||120|'120|
||||11,430|11,430|
##
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##
|||||Unrestricted|Total|
|---|---|---|---|---|---|
|||||funds|funds|
|||||2022|2022|
||||||8|
||Investment|income - local cash||15|15|
|||||Unrestricted|Total|
|||||funds|funds|
|||||2021f|2021
8|
||Investment|income - local cash||33|33|
|7.|Other incoming||resources|||
|||Unrestricted|Total|
|---|---|---|---|
|||funds|funds|
|||2022|2022|
|||8||
|Other|income|8,512|8,512|
|||Unrestricted|Total|
|||funds|funds|
|||2021|2021f|
|Other|income|75,832|75,832|
##
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##
|||||Unrestncted||
|---|---|---|---|---|---|
|||||funds|Total|
|||||2022|2022|
|||||6|6|
|Direct|costs|ofcharitable|activities|3,645,452|3,645,452|
|||||Unrestricted||
|||||funds|Total|
|||||2021|2021|
||||||6|
|Direct|costs|ofcharitable|activities|261,778|261,778|
##
##
|||||Activities|||
|---|---|---|---|---|---|---|
|||||undertaken|Support|Total|
|||||directly|costs|funds|
|||||2022|2022|2022|
|||||6|6|6|
|Direct|costs|ofcharitable|activities|3,041,389|604,063|3,645,452|
|||||Activities|||
|||||undertaken|Support|Total|
|||||directly|costs|funds|
|||||2021|2021|2021|
|Direct|costs|ofcharitable|activities|143,102|118,676|261,778|
##
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##
|||||||||Charitable|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||||||activities|funds|
|||||||||2022|2022|
|||||||||6|6|
||Staff costs|||||||47,971|47,971|
||Production|costs||||||1,660,534|1,660,534|
||Event costs|||||||1,332,884|1,332,884|
|||||||||3,041,389|3,041,389|
|||||||||Charitable|Total|
|||||||||activities|funds|
|||||||||2021f|2021|
||Staff costs|||||||'l22,326|122,326|
||Production|costs||||||2,481|2,481|
||Event costs|||||||18,295|18,295|
|||||||||143,102|143,102|
|10.|Auditors'|remuneration||||||||
|||||||||2022|2021|
|||||||||6||
||Fees payable to the Company's|||auditorlindependent|||examiner for the|||
||audit/examination||ofthe Company's||annual|accounts||9,000|2,500|
##
##
##
##
|||||Group|Group|Company|Company|
|---|---|---|---|---|---|---|---|
|||||2022|2021
f|2022
f|2021
6|
|Wages and|salaries|||46,400|113,256|46,400|113,256|
|Social security costs||||366|7,465|366|7,465|
|Contribution|to defined|contribution|pension|||||
|schemes||||1,205|1,505|1,205|1,605|
|||||47,971|122,326|47,971|122,325|
||Group|Group|Company|Company|
|---|---|---|---|---|
||2022|2021|2022|2021|
||No.|No.|No.|No.|
|Administration||1|1|1|
##
##
##
##
||
FOR THE YEAR ENDED 3|0JUNE 2022|
|---|---|---|
|13.|Tangible fixed assets||
||Group||
|||Computer|
|||equipment|
|||6|
||Cost or valuation||
||At 1 July 2021|32,551|
||Additions|2,615|
||At 30June 2022|35,166|
||Depreciation||
||At 1 July 2021|18,974|
||Charge for the year|4,090|
||At 30June 2022|23,064|
||Net book value||
||At 30June 2022|12,102|
||At 30June 2021|13,577|
||Company||
|||Computer|
|||equipment|
||Cost or valuation||
||At 1 July 2021|32,551|
||Additions|2,615|
||At 30June 2022|35,166|
||Depreciation||
||At 1 July 2021|18,974|
||Charge for the year|4,090|
||At 30June 2022|23,064|
##
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##
||Investments|
|---|---|
||In|
||subsidiary|
|Company|companies
6|
|Cost or valuation||
|At 1 July 2021|100|
|At 30June 2022|100|
|Net book value||
|At 30June 2022|100|
|At 30June 2021|100|
##
|The followin|g
was a subsid|iary
und|ertaking
oft|he Company:|he Company:|||
|---|---|---|---|---|---|---|---|
|Name|||Company|Registered
office or principal||Principal|activity|
||||number|place ofbusmess||||
|Big Church|Live Limited||08705651|62 The Street, Rustington,|West|Ticket sales||
|||||Sussex, BN16 3NR||||
|Class of|Holding|Included|in|||||
|shares||consolidation||||||
|Ordinary|100%|Yes||||||
|The financial|results ofthe subsidiar|y
for the year were:||||
|---|---|---|---|---|---|
|Name||Income|Expenditure|Profit/(Loss)|Net assets|
|||6|6|ISurplus/|5|
|||||(Deficit) for||
|||||the yearf||
|Big Church|Live Limited|193,243|176,227|15,016|(29,452)|
##
##
##
##
|||Group|Group|Company|Company|
|---|---|---|---|---|---|
|||2022f|2021f|2022
Z|2021f|
|Due within one year||||||
|Trade debtors||169,682|15,810|169,682|15,810|
|Amounts
owed by group undertakings||||42,183|71,321|
|Other debtors||77,105|1,348|77,105|1,348|
|Prepayments|and accrued income|166,859|73,557|166,859|65,247|
|||413,646|90,715|455,829|153,725|
##
|||Group|Group|Company|Company|
|---|---|---|---|---|---|
|||2022f|2021f|2022f|2021f|
|Bank overdrafts||579|1,138|5|853|
|Trade creditors||708,430|13,038|679,720|12,524|
|Other taxation and social security||16,562|1,574|1,012|1,223|
|Pension
contributions|payable|243||243||
|Accruals and deferred|income|304,226|20,043|156,718|5,593|
|||1,030,040|35,893|837,698|20,293|
##
|||Group|Group|Company|Company|
|---|---|---|---|---|---|
|||2022f|2021
f|2022
f|2021
f|
|Other loans||90,000|120,000|90,000|120,000|
|Accruals and deferred|income||754,855||754,855|
|||90,000|884,855|90,000|884,855|
##
##
##
##
||||Group|Group|Company|Company|
|---|---|---|---|---|---|---|
||||2022f|2021
f|2022
8|2021|
|Financial assets|||||||
|Financial|assets measured|at fair value|||||
|through|income and expenditure||419,871|397,486|214,798|363,343|
##
|||||||||Balance at|
|---|---|---|---|---|---|---|---|---|
||||Balance at 1|||Gains/||30June|
||||July 2021
6|Income
6|Expenditure
6|(Losses)
f||2022|
|Unrestricted||funds|||||||
|General
fund|||(377,202)|3,783,676|(3,645,452)|(8,791)||(247,769)|
|Reserves|||(44,568)|171,243|(156,227)|||(29,552)|
||||(421,770)|3,954,919|(3,801,679)|(8,791)||(277,32'I)|
|Restricted|funds||||||||
|Big Church|Youth||2,900|||||2,900|
|Total offunds|||(418,870)|3,954,919|(3,801,679)|(8,791)||(274,421)|
|Statement|offunds - prior year||||||||
|||||||||Balance at|
|||||Balance at||||30June|
|||||1 Ju/y 2020|Income|Expenditure||2021|
|||||5|6|||5|
|Unrestricted||funds|||||||
|General
fund||||(395,694)|247,219|(273,295)||(421,770)|
|Restricted|funds||||||||
|Big Church|Youth|||2,900||||2,900|
|Total offunds||||(392,794)|247,219|(273,295)||(418,870)|
##
##
##
##
||||||||Balance at|
|---|---|---|---|---|---|---|---|
||||Balance at 1|||Gains/|30June|
||||July 2021
6|Income|Expenditure|(Losses)
6|2022|
|General funds|||(421,770)|3,954,919|(3,801,679)|(8,791)|(277,321)|
|Restricted|funds||2,900||||2,900|
||||(418,870)|3,954,919|(3,801,679)|(8,791)|(274,421)|
|Summary|offunds|-prior year||||||
||||||||Balance at|
|||||Balance at|||30June|
|||||1July 2020|Income|Expenditure|2021|
|General funds||||(395,594)|247,219|(273,295)|(42'l,770)|
|Restricted|funds|||2,900|||2,900|
|||||(392,794)|247,219|(273,295)|(418,870)|
##
|Analysis|ofn|et assets between funds
-current|year|||
|---|---|---|---|---|---|
||||Restricted|Unrestricted|Total|
||||funds|funds|funds|
||||2022|2022|2022|
||||6|||
|Tangible|fixed|assets||12,102|12102|
|Current|assets||2,900|830,617|833,517|
|Creditors|due within one year|||(1,030,040)|(1,030,040)|
|Creditors|due|in more than one year||(90,000)|(90,000)|
|Total|||2,900|(277,321)|(274,421)|
##
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##
||||||||||||Restricted|Unrestricted|Total|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||funds|funds|funds|
||||||||||||2021
f|2021
f|2021f|
||Tangible
fixed assets|||||||||||13,577|13,577|
||Fixed asset investments|||||||||||100|100|
||Current assets||||||||||2,900|485,301|488,201|
||Creditors due within|one year||||||||||(35,893)|(35,893)|
||Creditors due in more than one year|||||||||||(884,855)|(884,855)|
||Total||||||||||2900|(421 770)|(418870)|
|22.|Reconciliation
of net movement||||in funds||to|net|cash flow|from operating||activities||
|||||||||||||Group|Group|
|||||||||||||2022f|2021|
||Net
income/expenditure||for|the|year|(as||per|Statement|of|Financial|||
||Activities)|||||||||||153,240|(25,228)|
||Adjustments
for:|||||||||||||
||Depreciation
charges|||||||||||4,090|7,479|
||Interest income|||||||||||(15)|(33)|
||Interest
paid||||||||||||1,103|
||Decrease/(increase)|in debtors||||||||||(322,931)|67,369|
||Increase/(decrease)|in creditors||||||||||224,308|(155,497)|
||Net cash provided
by/(used|||in) operating|||activities|||||58,692|(114,807)|
|23.|Analysis ofcash and cash equivalents|||||||||||||
|||||||||||||Group|Group|
|||||||||||||2022f|2021|
||Notice deposits (less|than|3months)|||||||||419,871|394,338|
||Overdraft
facility repayable||on|demand||||||||(579)|(1,138)|
||Total cash and cash|equivalents||||||||||419,292|393,200|
##
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##
|||||At 1 July||At 30June|
|---|---|---|---|---|---|---|
|||||2021|Cash flows|2022|
||||||6|6|
|Cash|at bank and in hand|||397,486|22,385|419,871|
|Bank|overdrafts|repayable|on demand|(1,138)|559|(579)|
|Debt|due within|1 year|||(243)|(243)|
|Debt|due after 1 year|||(120,000)|30,000|(90,000)|
|||||276,348|52,701|329,049|
##