2021-03-31-accounts - Audacious Church

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Trustees		6Barrett
		SA Keir
		N TSmith
		RP Ray
		DJMcPhail
		JBracegirdle
		A CThomas
Secretary		DK Sharpe
Charity number		1129633
Company	number	06780477
Registered	of5ce	Unit 6
		Deva Centre
		Trinity Way
		Manchester
		M3 7BB
Auditors		UHY Hacker Young
		6Broadfield Court
		Broadfield Way
		Shef5eld
		S8OXF
Bankers		Barclays Bank pic
		P.OBox1385
		2Arena Court
		Shef5eld
		S92WV
		Lloyds Bank
		Market Street
		Manchester
		Ml 1PW
Solicitors		Geldards
		Number One Pride Place
		Pride Park
		Derby
		DE24 &QR

			Page
Trustees' report			1 —4
Statement oftrustees'		responsibilities
Independent	auditors'	report	6 —9
Consolidated	statement offinancial activities		10
Statement of	financial	activities
Consolidated	balance	sheet	12
Balance sheet			13
Statement of	cash flows		14
Notes to the accounts			15-34

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					2021	2020
			Notes
Fixed assets
Tangible assets			14		3,398,406	3,589,800
Current assets
Stocks			16	3,232		4,636
Debtors			17	945,261		447,868
Cash at bank and in hand				4094 827		3544229
				5,043,320		3,996,733
Creditors: amounts		falling due within
one year			18	~408 932		288 113
Net current assets					4634388	3708620
Total assets less current liabilities					8,032,784	7,298,420
Creditors: amounts		falling due in more
than one year			19		1 182756	1340248
Net assets
Income funds
Restricted funds			21		3,763,433	3,198,016
Unrestricted funds
Retained within	the charity			2,667,062		2,340,613
Revaluation reserve				419525		419525
					3,086,587	2,760,138
Non-charitable	trading funds				18	18

				2021		2020
		Notes
Fixed assets
Tangible assets		14		3,398,406		3,589,800
Investments		15		2		2
				3,398,408		3,589,802
Current assets
Stocks		16	3,232		4,636
Debtors		17	967,289		451,869
Cash at bank and in	hand		4069374		3534287
			5,039,895		3,990,792
Creditors: amounts	falling due within
one year		18	~405 527		282 192
Net current assets				4 634368		3 708600
Total assets less current liabilities				8,032,776		7,298,402
Creditors: amounts	falling due after
more than one year		19		1 182756		1340248
Net assets
Income funds
Restricted funds		21		3,763,433		3,198,016
Unrestricted funds
General unrestricted	funds		2,667,062		2,340,613
Revaluation reserve			419525		419525
				3086587		2 760 138

						Group
					2021			2020
				Notes
Cash flow from operating		activities
Cash generated &om operations				27		702,424		1,621,083
Investing activities
Purchase oftangible fixed	assets				(1,880)		(65,216)
Proceeds on disposal oftangible fixed assets							1,700
Purchase ofsubsidiaries							(1)
Investment income					3 326		12908
Net cash (used in)/generated			from
investing activities						1,446		(50,609)
Financing activities
Repayment ofbank loans					153272		143732
Net cash used in financing		activities				153272		143732
Net increase in cash and	cash
equivalents						550,598		1,426,742
Cash and cash equivalents	at beginning ofyear				3	544229		2117487
Cash and cash equivalents		at	end ofyear
						Charity
					2021			2020
							f,
Cash flows from operating		activities
Cash generated &om operations				27		676,913		1,518,835
Investing activities
Purchase oftangible fixed	assets				(1,880)		(65,216)
Proceeds on disposal oftangible fixed assets							1,700
Purchase ofsubsidiaries							(1)
Investment income					13326		130066
Net cash generated from	investing			activities		11,446		66,549
Financing activities
Repayment ofbank loans					153272		143732
Net cash used in financing		activities				153272		143732
Net increase in cash and cash			equivalents			535,087		1,441,652
Cash and cash equivalents	at	beginning ofyear			3	534287		2 092635
Cash and cash equivalents		at	end ofyear

						Group	Group
			Unrestricted		Restricted	Total	Unrestricted	Restricted		Total
				funds	funds	2021	funds	funds		2020
				f,	f
Donations		and gifts	2,041,966		569,236	2,611,202	2,159,951	1,320,795		3,480,746
Coronavirus job
retention		scheme		66382		66382
						Charity
			Unrestricted		Restricted	Total	Unrestricted	Restricted		Total
			funds		funds	2021	funds	funds		2020
							f
Donations		and gifts	2,041,966		569,236	2,611,202	2,159,951	1,320,795		3,480,746
Coronavirus job
retention	scheme			62382		62 382
Charitable		activities
								Group dk	Charity
								2021	2020
								f,		f
Churchde		partments	andevents					57 653	315067

Endeavour Worldwide	Limited
Sales ofresources

Group	Group
2021	2020
74,386	192,901
26475	115627
Charity
2021	2020f
	~622

				Group	Charity	Charity
			2021	2020	2021	2020
			f
Rental	income				10,000	10,000
Income	&om unlisted	investments				107,158
Interest	receivable		3326	12908	3326	12908

			Group		Charity	Charity
		2021 f		2020	2021	2020f
Other	income

						Group	Group
			Unrestricted		Restricted	Total	Unrestricted	Restricted	Total
				funds	funds	2021	funds	funds	2020
Fundraisin	and	ublici
Advertising					3,319	3,319		5,271	5,271
~Tradtn costs
Endeavour	Worldwide		Ltd	79,544		79,544	77,743		77,743
Sales ofresources				15423	-	15423	47 133	—	47 133

						Charity	Charity
				Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
				funds	funds	2021	funds	funds	2020
								f,
Fundraisin		and	ublici
Advertising					3,319	3,319		5,271	5,271
~Tradin	costs
Sales	ofresources			15423		15423	47 133	-	47 133
									~4

Charitable activities
		Group		Charity
		2021	2020	2021	2020
				f,
Staff costs		1,009,813	1,004,582	1,009,813	1,004,582
Depreciation and impairment		193,274	211,325	193,274	211,325
Church departments	and events	179,271	407,750	179,271	407,750
Hospitality		13,279	112,986	13,279	112,986
Other costs		38744	107236	38744	107236
		1,434,381	1,843,879	1,434,381	1,843,879
Grant funding ofactivities (see note 10)		65,264	62,537	76,422	62,537
Share ofsupport costs (see note 11)		346,737	557,896	346,737	557,896
Share ofgovernance	costs (see note 11)	2 890	2 830	2 890	2830
Analysis by fund
Unrestricted funds		1,848,772	2,416,225	1,859,930	2,416,225
Restricted funds		500	50917	500	50917
Grants payable
		Group		Charity
		2021	2020	2021	2020
Grants to institutions	(6grants):
King ofKings Church		1,207	1,225	1,207	1,225
Planetshakers		5,276	2,780	5,276	2,780
Hope for Justice		1,800	2,400	1,800	2,400
Live Audacious		2,000	1,000	2,000	1,000
Audacious Foundation		45,000	45,300	45,000	45,300
Tearfund			47		47
Endeavour Worldwide	Limited			11 158
		55,283	52,752	66,441	52,752
Grants to individuals	(3grants)	9981	9785	9981	9785

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The average numb	er	ofemployees durin	g the year was:
				Group			Charity
			2021		2020	2021	2020
			Number		Number	Number	Number
Trustees ofAudacious		Church	6		6
Trustees/directors	of	subsidiaries	1		1
Employees			50		52	43	49
							55

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Tangible Sx	ed assets
			Group
		Freehold		Fixtures	Total
		land and	Leasehold	fittings &
		buildings	improvements	equipment
Cost
At 1April 2020		3,255,000	261,907	1,069,592	4,586,499
Additions at	cost			1880	1 880
At 31March	2021
Depreciation	and impairment
At 1April 2020		130,200	51,070	815,429	996,699
Charge for the year		65074	26348	101852	193274
At 31March	2021
Carrying amount
At 31March	2021
At 31March	2020
			Charity
		Freehold		Fixtures	Total
		land and	Leasehold	fittings &
		buildings	improvements	equipment
Cost
At 1April 2020		3,255,000	261,907	1,067,353	4,584,260
Additions at	cost			1880	1 880
At 31March	2020
Depreciation	and impairment
At 1April 2020		130,200	51,070	813,190	994,460
Depreciation	charged in the year	65074	26 348	101852	193274
At 31March	2021	~224	D2~	~042	~@234
Carrying amount
At 31March	2021
At 31March	2020

		Group	8r, Charity
		2021	2020
Cost		3,201,298	3,201,298
Accumulated	depreciation	557901	493 875
At 31March	2021

	Charity
2021		2020
f,		f,

Group	&Charity
2021	2020
	E

Debtors
			Group		Charity
			2021	2020	2021	2020
Trade debtors			33,680	41,701	22,219	23,032
Amounts due	&om subsidiary	undertakings			34,614	24,670
Other debtors			9,065	3,073	7,940	1,073
Prepayments	and accrued income		902516	403094	902516	403 094

Creditors: amounts falling due within	one year	one year
	Group		Charity
	2021	20?0	2021	2020
Bank loans and overdrafts	157,500	153,280	157,500	153,280
Trade creditors	139,195	45,912	137,554	42,981
Taxation and social security	20,818	20,478	20,321	18,727
Other creditors	53,020	23,587	53,021	23,588
Accruals	27,856	22,995	26,588	21,755
Deferred income	10543	21 861	10543	21 861

		Group dt Charity	Group dt Charity
		2021	2020
		f,	f,
Mortgage and loan
Analysis ofmortgage	and loan
Not wholly repayable within five years by instalments		530,480	683,752
Wholly repayable within five years		809776	809776
		1,340,256	1,493,528
Included in current liabilities		~157500	~153280
Loan maturity analysis
Debt due in one year or less		157,500	153,280
In more than one year	but not more than two years	161,837	157,499
In more than two years	but not more than five years	512,741	498,997
In more than five years		508 178	683752

	Group			Charity
2021		2020	2021		2020
			f,

Contributions payable by the group
and charity for the year

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	2021	2020	2021	2020
Within one year	95,930	144,837	93,069	135,924
Between two and five years	18683	111408	18683	108647

is as fo	llo	ws.
Group	k	Charity
2021		2020

				Group	Group	Charity	Charity
				2021	2020	2021	2020
Surplus for	the year			891,866	1,528,639	891,866	1,528,639
Adjustments	for:
Investment	income	recognised	in statement
offinancial	activities			(3,326)	(12,908)	(13,326)	(130,066)
Depreciation	and impairment		oftangible
fixed assets				193,274	211,325	193,274	211,325
Movements	in working capital:
Decrease in	stocks			1,404	5,591	1,404	5,591
(increase)/decrease (Decrease)/increase		in debtors in creditors		(497,393) 116599	(15,163) ~96401	(515,420) 119115	(12,193) ~84461
Cash generated from operations

Analysis ofchanges in net funds
		Group
	As at		As at
	1April		31March
	2020	Cash flows	2021
Cash at bank and in hand	3,544,229	550,598	4,094,827
Loans falling due within one year	(153,280)	(4,220)	(157,500)
Loans falling after more than one year	~1340248	157492	~1182756
		Charity
	As at		As at
	1April		31March
	2020	Cash flows	2021
Cash at bank and in hand	3,534,287	535,087	4,069,374
Loans falling due within one year	(153,280)	(4,220)	(157,500)
Loans falling after more than one year	~1340248	157492	~1182756