| Page | |||
|---|---|---|---|
| Trustees' report |
1-6 | ||
| Independent examiner's |
report | ||
| Statement offinancial | activities | ||
| Balance sheet | 10 | ||
| Statement ofcash fiows | |||
| Notes to the financial | statements | 12-23 |
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | ||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||||||
| 2022 | 2022 | 2022 | 2021 | 2021 | 2021 | ||||||
| Notes | E | E | K | ||||||||
| Income nd en |
owm | nts | from: | ||||||||
| Donations and legacies |
91,707 | 10,000 | 101,707 | 75,260 | 11,029 | 86,289 | |||||
| Charitable activities |
13,956 | 125 | 14,081 | 5,902 | 204 | 6,106 | |||||
| Investments | 25,121 | 25,121 | 19,351 | 19,351 | |||||||
| Other income | 5,178 | 5,178 | |||||||||
| Total income | 130,784 | 10,125 | 140,909 | 105,691 | 11,233 | 116,924 | |||||
| I | |||||||||||
| Charitable activities |
7 | 170,926 | 9,946 | 180,872 | 139,924 | 7,983 | 147,907 | ||||
| Net gains/(losses) | on | ||||||||||
| investments | (91,055) | (91,055) | 48,774 | 48,774 | |||||||
| Net movement | in | funds | (131,197) | 179 | (131,018) | 14,541 | 3,250 | 17,791 | |||
| Fund balances at | 1 January | ||||||||||
| 2022 | 587,784 | 134,884 | 722,668 | 573,243 | 131,634 | 704,877 | |||||
| Fund balances | at | 31 | |||||||||
| December 2022 | 456,587 | 135,063 | 591,650 | 587,784 | 134,884 | 722,668 |
| 2022 | 2021 | ||||||
|---|---|---|---|---|---|---|---|
| Fixed assets | |||||||
| Tangible assets Investments |
12 13 |
6,282 447,273 |
8,738 539,602 |
||||
| Current assets | 453,555 | 548,340 | |||||
| Debtors Cash at bank and |
in | hand | 13,160 133,400 |
13,632 176,817 |
|||
| Creditors: amounts | falling due within | 146,560 | 190,449 | ||||
| one year | (8,465) | (16,121) | |||||
| Net current assets | 138,095 | 174,328 | |||||
| Total assets less | current liabilities | 591,650 | 722,668 | ||||
| Income funds | |||||||
| Restricted funds |
135,063 | 134,884 | |||||
| Designated funds General unrestricted |
funds | 19 | 122,772 333,815 |
120,257 467,527 |
|||
| 456,587 | 587,784 | ||||||
| 591,650 | 722,668 | ||||||
| The financial s | ants were approved | by tne Trustees on | ......~...P~ | ot-~~) |
| Unrestricted | Restricted | Total | Unrestricted | Restricted | Total | ||
|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | ||||
| 2022 | 2022 | 2022 | 2021 | 2021 | 2021 | ||
| E | E | E | E | E | E | ||
| Donations | and gifts | 83,539 | 83,539 | 69,718 | 265 | 69,983 | |
| Legacies | receivable | 8,168 | 8,168 | 5,542 | 5,542 | ||
| General grants | |||||||
| receivable | 10,000 | 10,000 | 10,764 | 10,764 | |||
| 91,707 | 10,000 | 101,707 | 75,260 | 11,029 | 86,289 |
| 2022 | 2021 | |||
|---|---|---|---|---|
| E | E | |||
| Donations | received for other organisations | 125 | 204 | |
| Charitable | rental income | 13,956 | 5,902 | |
| 14,081 | 6,106 | |||
| Analysis | by fund | |||
| Unrestricted | funds | 13,956 | 5,902 | |
| Restricted | funds | 125 | 204 | |
| 14,081 | 6,106 |
| Unrestricted | Unrestricted | ||
|---|---|---|---|
| funds | funds | ||
| 2022 | 2021 | ||
| E | E | ||
| Rental | income | 10,200 | 6,998 |
| Income | from listed investments | 13,689 | 12,338 |
| Interest | receivable | 1,232 | 15 |
| 25,121 | 19,351 |
| Total | Unrestricted | ||||
|---|---|---|---|---|---|
| funds | |||||
| 2022 | 2021 | ||||
| E | |||||
| Government | grants | 5,178 | |||
| 7 | Charitable activities |
||||
| 2022 | 2021 | ||||
| E | |||||
| Staff costs | 71,905 | 62,786 | |||
| Depreciation | and impairment | 2,456 | 3,516 | ||
| Premises costs | 62,605 | 46,039 | |||
| Events, organisations | and missions | 5,849 | 2,857 | ||
| Administration | expenditure | 9,865 | 4,661 | ||
| Legal and professional | 7,751 | 9,158 | |||
| Accountancy | fees | 2,850 | 4,385 | ||
| 163,281 | 133,402 | ||||
| Grant funding | ofactivities (see note 8) | 17,591 | 14,505 | ||
| 180,872 | 147,907 | ||||
| Analysis by |
fund | ||||
| Unrestricted | funds | 170,926 | 139,924 | ||
| Restricted funds | 9,946 | 7,983 | |||
| 180,872 | 147,907 |
| 2022 | 2021f | ||
|---|---|---|---|
| Grants | to institutions: | ||
| Baptist | Home Mission - mission support | 4,800 | 4,900 |
| Baptist | Missionary Society - mission support |
6,000 | 5,500 |
| Church | From Scratch Support | 1,000 | |
| DEC Afganistan appeal |
501 | ||
| Avenue | Contact Centre - Mission support | 2,000 | |
| Winter | Gardens - Mission support | 5,290 | |
| Other | 1,000 | 1,105 | |
| 17,591 | 14,505 |
| Employment costs |
2022 | 2021 |
|---|---|---|
| E | ||
| Wages and salaries | 63,670 | 54,749 |
| Social security costs | 526 | |
| Other pension costs | 8,235 | 7,511 |
| 71,905 | 62,786 |
| Unrestricted | Unrestricted | |||
|---|---|---|---|---|
| funds | funds | |||
| 2022 | 2021 | |||
| E | F | |||
| Revaluation | of | investments | (84,147) | 46,116 |
| Gain/(loss) | on | sale of investments | (6,908) | 2,658 |
| (91,055) | 48,774 |
| 12 | Tangible fixed assets | ||||
|---|---|---|---|---|---|
| Fixtures and | Computers | Total | |||
| fittings | |||||
| Cost | |||||
| At 1 January 2022 | 10,773 | 4,063 | 14,836 | ||
| At 31 December 2022 | 10,773 | 4,063 | 14,836 | ||
| Depreciation and impairment |
|||||
| At 1 January 2022 | 3,847 | 2,251 | 6,098 | ||
| Depreciation charged |
in the year | 1,731 | 725 | 2,456 | |
| At 31 December 2022 | 5,578 | 2,976 | 8,554 | ||
| Carrying amount |
|||||
| At 31 December 2022 | 5,195 | 1,087 | 6,282 | ||
| At 31 December 2021 | 6,926 | 1,812 | 8,738 |
| 13 | Fixed asset Investments | Fixed asset Investments | (Continued) | |||
|---|---|---|---|---|---|---|
| Unlisted | ||||||
| Investments | ||||||
| K | ||||||
| Cost or valuation | ||||||
| At 1 January 2022 | 539,602 | |||||
| Additions | 45,848 | |||||
| Valuation changes |
(91,055) | |||||
| Disposals | (47,122) | |||||
| At 31 December 2022 | 447,273 | |||||
| Carrying amount |
||||||
| At 31 December 2022 | 447,273 | |||||
| At 31 December 2021 | 539,602 | |||||
| 2022 | 2021 | |||||
| E | ||||||
| Investments at fair value comprise: |
||||||
| Listed Investments | 497,742 | (539,602) | ||||
| The book value ofinvestments | held at the | year end is R427,152(2021:F429,211) | ||||
| 14 | Financial Instruments | 2022 | 2021 | |||
| Carrying amount offinancial assets | ||||||
| Instruments measured |
at fair | value through | profit or loss | 447,273 | 539,602 | |
| 15 | Debtors | |||||
| 2022 | 2021 | |||||
| Amounts falling due |
within | one year: | E | |||
| Trade debtors | 100 | 4,356 | ||||
| Other debtors | 3,653 | 8,939 | ||||
| Prepayments and accrued income |
9,407 | 337 | ||||
| 13,160 | 13,632 |
| Movement | ln funds | Movement | ln funds | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Balance at | Incoming | Resources | Balance at | Incoming | Resources | Balance at | |||
| 1 January 2021 | resources | expended1 | January | 2022 | resources | expended | 31December | ||
| 2022 | |||||||||
| R | K | ||||||||
| Mission Fund | 12,365 | 10,764 | (6,709) | 16,420 | 10,000 | (9,831) | 16,589 | ||
| Special | |||||||||
| Purpose | |||||||||
| Fund | 116,842 | 116,842 | 116,&42 | ||||||
| Donations | to | ||||||||
| External | |||||||||
| Organisations | 2,427 | (1,274) | 1,622 | 125 | (115) | 1,632 | |||
| 131,634 | 11,233 | (7,983) | 134,884 | 10,125 | (9,946) | 135,063 |
| Movement | in funds | Movement | in funds | |||||
|---|---|---|---|---|---|---|---|---|
| Balance at | Incoming | Resources | Balance at | Incoming | Resources | Babrnce at | ||
| 1January 2021 | resources | expended1 | January | 2022 | resources | expended | 31December | |
| 2022 | ||||||||
| Pension | ||||||||
| deficit fund | 120,379 | (5,664) | 114,715 | (3,358) | 111,357 | |||
| Designated | ||||||||
| Legacy Fund | 5,542 | 5,542 | 8,168 | (2,295) | 11,415 | |||
| 120,379 | 5,542 | (5,664) | 120,257 | 8,168 | (5,653) | 122,772 |
| 22 | Cash generated from |
operations | operations | 2022 | 2021 | |||
|---|---|---|---|---|---|---|---|---|
| K | E | |||||||
| (Deficit)/surpus for the |
year | (131,018) | 17,791 | |||||
| Adjustments for. |
||||||||
| Investment income recognised |
in statement | offinancial | activities | (25,121) | (19,351) | |||
| Loss/(gain) on disposal |
of investments | 6,908 | (2,658) | |||||
| Fair value gains and losses on | investments | 84,147 | (46,116) | |||||
| Depreciation and impairment oftangible |
fixed assets | 2,456 | 3,516 | |||||
| Movements in working |
capital: | |||||||
| Decrease in debtors |
472 | 18,774 | ||||||
| (Decrease)/increase in |
creditors | (7,656) | 4,385 | |||||
| Cash absorbed by operations |
(69,812) | (23,659) | ||||||
| 23 | Analysis ofchanges | In net funds | ||||||
| The charity had no debt during | the year. |