##
##
##
||||||||Page|
|---|---|---|---|---|---|---|---|
|Reference and administrative||details|ofthe Company,||its Trustees|and advisers||
|Trustees'
report|||||||2-5|
|Independent|auditors'
report|on the|financial|statements||||
|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|
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||Restricted|Unrestricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|funds|
||||2023|2023|2023|2022|
|||Note||5|||
|Income from:|||||||
|Donations
and legacies||||981,370|981,370|435,850|
|Charitable
activities||||3,113,866|3,113,866|3317289|
|Other trading
activities||||45,092|45,092|193,243|
|Investments||||87|87|15|
|Other income||||26,833|26,833|8,512|
|Total income||||4,167,248|4,167,248|3,954,919|
|Expenditure
on:|||||||
|Raising funds||||20,502|20,502|155,227|
|Charitable
activities||||4,277,695|4,277,695|3,645,452|
|Total expenditure||||4,298,197|4,298,197|3,801,579|
|Net movement
in funds before other|||||||
|recognised
gains/(losses)||||(130,949)|(130,949)|153,240|
|Other recognised|gains/(losses):||||||
|Other gains/(losses)||||3,313|3,313|(8,791)|
|Net movement
in funds||||(127,636)|(127,636)|144,449|
|Reconciliation
offunds:|||||||
|Total funds brought|forward||2,900|(277,321)|(274,421)|(418,870)|
|Net movement
in funds||||(127,636)|(127,636)|144,449|
|Total funds carried|forward||2,900|(404,957)|(402,057)|(274,421)|
##
|||CONSOLIDATED|BALANCE SHEET|||
|---|---|---|---|---|---|
|||AS AT 30|JUNE 2023|||
|||Note|2023f||2022f|
|Fixed assets||||||
|Tangible assets||13|4,728||12,102|
||||4,728||12,102|
|Current assets||||||
|Debtors||15|363,114|413,646||
|Cash at bank and|in hand||587,632|419,871||
||||950,746|833,517||
|Creditors: amounts|falling due within|one||||
|year||16|(1,357,531)|(1,030,040)||
|Net current liabilities|||(406,785)||('I96,523)|
|Total assets less|current liabilities||(402,057)||(184,421)|
|Creditors: amounts|falling due after|more||||
|than one year||17|||(90,000)|
|Total net assets|||(402,057)||(274,421)|
|Charity funds||||||
|Restricted
funds||19|2,900||2,900|
|Unrestricted
funds||19|(404,957)||(277,321)|
|Total funds|||(402,057)||(274,421)|
##
##
##
|||||2023||2022|
|---|---|---|---|---|---|---|
|||Note|||||
|Fixed assets|||||||
|Tangible assets||13||4,728||12,102|
|Investments||14||100||100|
|||||4,828||12,202|
|Current assets|||||||
|Debtors||15|423,429||455,829||
|Cash at bank and|in hand||334,867||214,798||
||||758,296||570,527||
|Creditors: amounts|falling due within one||||||
|year||16|(1,161,893)||(837,598)||
|Net current liabilities||||f403,597)||(157,071)|
|Total assets less|current liabilities|||(398,769)||(154,859)|
|Creditors: amounts|falling due after more||||||
|than one year||17||||(90,000)|
|Total net assets||||(398,769)||(244,859)|
|Charity funds|||||||
|Restricted
funds||19||2,900||2,900|
|Unrestricted
funds||19||(401,669)||(247,759)|
|Total funds||||(398,769)||(244,859)|
##
##
##
##
|||FO|R T|HE YEAR E|NDED 30JUNE 2023|||
|---|---|---|---|---|---|---|---|
|||||||2023|2022|
|Cash flows from operating||activities||||||
|Net cash used
in operating|activities|||||254,940|58,692|
|Cash flows from investing||activities||||||
|Purchase oftangible
fixed assets|||||||(2,515)|
|Foreign currency gains||||||3313||
|Interest income||||||87|15|
|Net cash provided
by/(used||in) investing||activities||3,400|(2,600)|
|Cash flows from financing||activities||||||
|Repayments
of borrowing||||||(90,000)|(30,000)|
|Net cash used in financing||activities||||(90,000)|(30,000)|
|Change
in cash and cash|equivalents||in|the year||168,340|26,092|
|Cash and cash equivalents|at the beginning|||ofthe year||419,292|393,200|
|Cash and cash equivalents||at the end|of|the year||587,632|419,292|
|The notes on pages 16to 33||form part ofthese financial|||statements|||
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
##
||||FOR THE YEAR ENDED 30|JUNE 2023||
|---|---|---|---|---|---|
|3.|Income from donations||and legacies|||
|||||Unrestricted|Total|
|||||funds|funds|
|||||2023|2023|
||||||F|
||Donations|||981,370|981,370|
|||||Unrestricted|Total|
|||||funds|funds|
|||||2022|2022|
||Donations|||435,860|435,860|
|4.|Income from charitable||activities|||
|||||Unrestricted|Total|
|||||funds|funds|
|||||2023|2023|
||Income from charitable|activities||3,113,866|3,113,866|
|||||Unrestricted|Total|
|||||funds|funds|
|||||2022|2022|
|||||E|8|
||Income from charitable|activities||3,317,289|3,317,289|
##
##
##
##
##
||||Unrestricted|Total|
|---|---|---|---|---|
||||funds|funds|
||||2023f|2023
5|
|Online|ticket|sales|42,975|42,975|
|Other|income||2,117|2,117|
||||45,092|45,092|
||||Unreslricted|Total|
||||funds|funds|
||||2022|2022f|
|Online|ticket|sales|190,756|190,756|
|Other|income||2,487|2,487|
||||193,243|193,243|
##
##
##
##
||||||Unrestricted|Total|
|---|---|---|---|---|---|---|
||||||funds|funds|
||||||2023|2023|
||||||8|6|
|Investment|income|-|local|cash|87|87|
||||||Unrestricted|Total|
||||||funds|funds|
||||||2022f|2022f|
|Investment|income|-|local|cash|15|15|
##
|||Unrestricted|Total|
|---|---|---|---|
|||funds|funds|
|||2023|2023|
|||6|8|
|Other|income|26,833|26,833|
|||Unrestricted|Total|
|||funds|funds|
|||2022
8|2022f|
|Other|income|8,512|8,512|
##
##
##
##
|||||Unrestricted||
|---|---|---|---|---|---|
|||||funds|Total|
|||||2023|2023|
|||||f||
|Direct|costs|ofcharitable|activities|4,277,695|4,277,695|
|||||Unrestricted||
|||||funds|Total|
|||||2022f|2022f|
|Direct|costs|ofcharitable|activities|3,645,452|3,645,452|
##
|||||Activities|||
|---|---|---|---|---|---|---|
|||||undertaken|Support|Total|
|||||directly|costs|funds|
|||||2023f|2023f|2023f|
|Direct|costs|ofcharitable|activities|3,215,807|1,061,888|4,277,695|
|||||Activities|||
|||||undertaken|Support|Total|
|||||directly|costs|funds|
|||||2022f|2022
f|2022
f|
|Direct|costs|ofcharitable|activities|3,041,389|604,053|3,645,452|
##
##
##
||||||||Chantable|Total|
|---|---|---|---|---|---|---|---|---|
||||||||activities|funds|
||||||||2023|2023|
|||||||||5|
||Staff costs||||||100,211|100,211|
||Production|costs|||||1,691,496|1,691,496|
||Event costs||||||1,424,100|1,424,100|
||||||||3,215,807|3,215,807|
||||||||Charitable|Total|
||||||||activities|funds|
||||||||2022|2022|
|||||||||5|
||Staff costs||||||47,971|47,971|
||Production|costs|||||1,660,534|'I,660,534|
||Event costs||||||1,332,884|1,332,884|
||||||||3,041,389|3,041,389|
|10.|Auditors'|remuneration|||||||
||||||||2023|2022|
|||||||||5|
||Fees payable to the Company's|||auditor/independent||examiner for the|||
||audit/examination||ofthe Company's||annual accounts||9,750|9,000|
##
##
##
||||||Group|Group|Company|Company|
|---|---|---|---|---|---|---|---|---|
||||||2023|2022|2023|2022|
|||||||L'|6|6|
|Wages and|salaries||||94,294|46,400|94,294|46,400|
|Social security costs|||||3,622|366|3,622|366|
|Contribution|to defined||contribution|pension|||||
|schemes|||||2,295|1,205|2,295|1,205|
||||||100,211|47,971|100,211|47,971|
|The average|number|of persons employed|||by the Company
during|the year was as follows;|||
||||||Group|Group|Company|Company|
||||||2023|2022|2023|2022|
||||||No.|No.|No.|No.|
|Administration||||||1||1|
##
##
##
|||NOTES TO THE FINANCIAL STATEMENTS||
|---|---|---|---|
|||FOR THE YEAR ENDED 30JUNE 2023||
|13.|Tangible fixed assets|||
||Group|||
||||Computer|
||||equipment|
||Cost or valuation|||
||At1 July2022||35,166|
||At 30June 2023||35,166|
||Depreciation|||
||At 1 July 2022||23,064|
||Charge for the year||7,374|
||At 30June 2023||30,438|
||Net book value|||
||At 30 June 2023||4,728|
||At 30June 2022||12, 'l02|
##
##
||Computer|
|---|---|
||equipment|
|Cost or valuation||
|At1 July2022|35,166|
|At 30 June 2023|35,166|
|Depreciation||
|At 1 July 2022|23,064|
|Charge for the year|7,374|
|At 30June 2023|30,438|
|Net book value||
|At 30 June 2023|4,728|
|At 30June 2022|12,102|
##
##
##
||Investments|
|---|---|
||in|
||subsidiary|
||companies|
|Company|8|
|Cost or valuation||
|At 1 July 2022|100|
|At 30June 2023|100|
|Net book value||
|At 30June 2023|100|
|At 30June 2022||
|Principal subsidiaries||
|Name||Company|Company|Registered|Registered|office or principal
Principal|office or principal
Principal|activity|activity|
|---|---|---|---|---|---|---|---|---|---|
|||number||place ofbusiness||||||
|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|subsidiary|for the|year were:||||||
|Name||||Incomef|Expenditure||Profit/(Loss)
ISurplus/|Net|assets|
||||||||(Deficit) for|||
||||||||the yearf|||
|Big Church|Live Limited|||45,092||18,829|26,263||(3,189)|
##
##
##
|||Group|Group|Company|Company|
|---|---|---|---|---|---|
|||2023|2022f|2023f|2022f|
|Due within one year||||||
|Trade debtors||93,248|169,682|93,529|169,682|
|Amounts
owed by group undertakings||||60,034|42,183|
|Other debtors||180|180|180|180|
|Prepayments|and accrued income|200,377|166,859|200,377|166,859|
|Tax recoverable||69,309|76,925|69,309|76,925|
|||363,114|413,646|423,429|455,829|
##
|||Group|Group|Company|Company|
|---|---|---|---|---|---|
|||2023|2022f|2023f|2022f|
|Bank overdrafts|||579||5|
|Trade creditors||937,899|708,430|930,988|679,720|
|Other taxation and social security||2,853|16,562|2,203|1,012|
|Pension contributions|payable||243||243|
|Accruals and deferred|income|416,779|304,226|228,702|156,718|
|||1,357,531|1,030,040|1,161,893|837,698|
##
##
##
##
##
||||Group|Group|Company|Company|
|---|---|---|---|---|---|---|
||||2023|2022|2023
f|2022
f|
|Financial assets|||||||
|Financial|assets measured|at fair value|||||
|through|income and expenditure||587,632|419,871|334,867|214,798|
##
##
##
##
|||||||Balance at|
|---|---|---|---|---|---|---|
|||Balance at 1|||Gainsi|30June|
|||July 2022|Income|Expenditure|(Losses)|2023|
|||E|E|E|E|E|
|Unrestricted|funds||||||
|General
fund||(247,769)|4,122,156|(4,279,368)|3,313|(401,668)|
|Reserves||(29,552)|45,092|(18,829)||(3,289)|
|||(277,321)|4,167,248|(4,298,197)|3,313|(404,957)|
|Restricted funds|||||||
|Big Church Youth||2,900||||2,900|
|Total offunds||(274,421)|4,167,248|(4,298,197)|3,313|(402,057)|
|Statement of|funds - prior year||||||
|||||||So(ence at|
|||Science at|||Gainer|30June|
|||1 Ju/y 2021f|income
f|Expenditure
f|(Losses)f|2022f|
|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)|(277,321)|
|Restricted funds|||||||
|Big Church Youth||2,900||||2,900|
|Total offunds||(4t8 878(|39849t9|(389t,879(|(879(t|(27442(7|
##
##
##
|||||||Balance at|
|---|---|---|---|---|---|---|
||Balance at 1||||Gains/|30June|
||July 2022|Income
f|Expenditure|f|(Losses)f|2023f|
|General funds|(277,321)|4,167,248|(4,298,197)||3313|(404,957)|
|Restricted funds|2,900|||||2,900|
||(274,421)|4,167,248|(4,298,197)||3,313|(402,057)|
||||||Balance at|
|---|---|---|---|---|---|
||Balance at|||Gains'|30June|
||1July 2021f|Income
f|Expenditure|(Losses)|2022f|
|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)|
##
|Analysis|of n|et assets between
funds - curr|ent year|||
|---|---|---|---|---|---|
||||Restricted|Unrestricted|Total|
||||funds|funds|funds|
||||2023
f|2023
f|2023|
|Tangible|fixed|assets||4,728|4,728|
|Current|assets||2,900|947,847|950,747|
|Creditors|due|within one year||(1,357,531)|(1,357,531)|
|Total|||2,900|(404,956)|(402,056)|
##
##
##
||||Resbicted|Unrestricted|Total|
|---|---|---|---|---|---|
||||funds|funds|funds|
||||2022|2022f|2022|
|Tangible|fixed assets|||12,102|12 102|
|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)|
##
|||||||||||||Group|Group|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||||||2023|2022|
||||||||||||||2|
||Net
income/expenditure|||for|the|year|(as|per|Statement|of|Financial|||
||Activities)|||||||||||(130,949)|153,240|
||Adjustments
for:|||||||||||||
||Depreciation
charges|||||||||||7,374|4,090|
||Interest income|||||||||||(87)|(15)|
||Decrease/(increase)||in debtors|||||||||50,533|(300,931)|
||Increase
in creditors|||||||||||328,069|224,308|
||Net cash provided|by operating||||activities||||||254,940|80,692|
|23.|Analysis ofcash and cash equivalents|||||||||||||
|||||||||||||Group|Group|
|||||||||||||2023|2022|
|||||||||||||6|6|
||Notice deposits (less||than|3 months)||||||||587,632|419,871|
||Overdraft
facility repayable|||on demand|||||||||(579)|
||Total cash and cash||equivalents|||||||||587,632|419,292|
##
##
##
##
||||||At 1 July||At 30June|
|---|---|---|---|---|---|---|---|
||||||2022
5|Cash flowsf|2023
5|
|Cash|at bank and||in hand||419,871|167,761|587,632|
|Bank|overdraRs|repayable||on demand|(579)|579||
|Debt|due within|1|year||(243)|243||
|Debt|due after|1 year|||(90,000)|90,000||
||||||329,049|258,583|587,632|
##