2022-03-31-accounts - Audacious Church

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Trustees		GBarrett
		SA Keir
		N T Smith
		RP Ray
		DJMcPhail
		JBracegirdle
Secretary		DK Sharpe
Charity number		1129633
Company	number	06780477
Registered	office	Unit 6
		Deva Centre
		Trinity Way
		Manchester
		M3 7BB
Auditors		UHY Hacker Young
		6Broadfield Court
		Broadfield Way
		Sheffield
		S8OXF
Bankers		Barclays Bank pic
		P.OBox 1385
		2Arena Court
		Sheffield
		S92WV
		Lloyds Bank
		Market Street
		Manchester
		Ml 1PW
Solicitors		Geldards
		Number One Pride Place
		Pride Park
		Derby
		DE24 8QR

			Page
Trustees' report			1 —4
Statement of	trustees'	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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				2022		2021
			Notes
Fixed assets
Tangible assets				5,680,274		3,398,406
Current assets
Stocks			15			3,232
Debtors			16	1,164,474		945,261
Cash at bank and in hand				4 703 260		4 094827
				5,870,966		5,043,320
Creditors: amounts		falling due within
one year			17	~442 106)		408 932
Net current assets				5	425 628	4 634388
Total assets less current liabilities				11,105,902		8,032,784
Creditors: amounts		falling due in more
than one year			18	1	021 134	(1 182756)
Net assets				10	084 768	6 850 038
Income funds
Restricted funds			20	4,295,817		3,763,433
Unrestricted funds
Retained within	the charity			3,017,720		2,667,062
Revaluation reserve				2 704 873		419525
				5,722,593		3,086,587
Non-charitable	trading	funds			66 358	18
				10	084 7611	6850038

			2022		2021
		Notes
Fixed assets
Tangible assets		13	5,680,274		3,398,406
Investments		14	2			2
			5,680,276		3,398,408
Current assets
Stocks		15		3,232
Debtors		16	1,154,694	967,289
Cash at bank and in	hand		4 612 124	4069 374
			5,766,818	5,039,895
Creditors: amounts	falling due within
one year		17	2407 550)	405 527
Net current assets			5 359268		4	634368
Total assets less current liabilities			11,039,544		8,032,776
Creditors: amounts	falling due after
more than one year		18	~1021134)		(~1)82 756
Net assets			1 01841			850020
Income funds
Restricted funds		20	4,295,817		3,763,433
Unrestricted funds
General unrestricted	funds		3,017,720	2,667,062
Revaluation reserve			2 704 873	419525
			5 722 593		3	086 587
			~)0)8410		g~i50~02

					Group
				2022		2021
			Notes
Cash flow from operating		activities
Cash generated Iiom operations			25		964,874	702,424
Investing activities
Purchase oftangible fixed	assets			(199,950)	(1,880)
Investment income				794	3326
Net cash (used in)/generated			from
investing activities				(199,156)		1,446
Financing activities
Repayment ofbank loans				5157285)	(153272)
Net cash used in financing		activities			157285	~153272
Net increase in cash and cash
equivalents					608,433	550,598
Cash and cash equivalents	at beginning ofyear			4	094 827	3 544 229
Cash and cash equivalents		at	end ofyear
					Charity
				2022		2021
Cash flows from operating		activities
Cash generated from operations			25		828,904	676,913
Investing activities
Purchase oftangible fixed	assets			(199,950)	(1,880)
Investment income				71 081	13326
Net cash (used in)/generated		from
investing activities				(128,869)		11,446
Financing activities
Repayment ofbank loans				(157285)	153272
Net cash used in financing		activities			157285	153272
Net increase in cash and cash			equivalents		542,750	535,087
Cash and cash equivalents	at beginning ofyear			4	069374	3 534287
Cash and cash equivalents		at	end ofyear

				Group
		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		funds	funds	2022	funds	funds	2021
Donations	and gifts	2,385,626	566,948	2,952,574	2,041,966	569,236	2,611,202
Coronavirus job retention scheme		15 567		15567	66382		66382
				Charity
		Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
		funds	funds	2022	funds	funds	2021
Donations	and gifts	2,385,626	566,948	2,952,574	2,041,966	569,236	2,611,202
Coronavirus job
retention	scheme	11272		11272	62382		62 382

Endeavour	Worldwide	Limited
Audacious	Publishing	Limited
Sales ofresources

Group 4	Charity
2022	2021
Group
2022	2021
207,711	74,386
2,466
72 896	26475
Charity
2022	2021
f

					Charity	Charity
			2022	2021	2022	2021
Rental	income				10,000	10,000
Income	irom unlisted	investments			60,287
Interest	receivable		794	3326	794	3 326

Raising funds	Raising funds
						Group
			Unrestricted		Restricted	Total	Unrestricted	Restricted	Total
				funds	funds	2022	funds	funds	2021
Fundraisin	and	ublici
Advertising					4,498	4,498		3,319	3,319
~Tradin costs
Endeavour	Worldwide		Ltd	75,904		75,904	79,544		79,544
Audacious	Publishing		Ltd	1,941		1,941
Sales ofresources				21423		18 191	15423		15423

					Charity	Charity
			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			funds	funds	2022	funds	funds	2021
Fundraisin	and	ublici
Advertising				4,498	4,498		3,319	3,319
~Tradin costs
Sales ofresources			21423	-	21 423	15423	-	15423

			Group	Group	Charity	Charity
			2022	2021	2022	2021
Staffcosts			1,096,813	1,009,813	1,096,813	1,009,813
Depreciation and impairment			203,430	193,274	203,430	193,274
Church departments	and events		303,950	179,271	303,950	179,271
Hospitality			70,454	13,279	70,454	13,279
Other costs			61 768	38744	61 768	38744
			1,736,415	1,434,381	1,740,415	1,434,381
Grant funding ofactivities (see note 9)			70,378	65,264	70,378	76,422
Share ofsupport costs (see note 10)			505,191	346,737	505,191	346,737
Share ofgovernance	costs (see note 10)		3 290	2 890	3 290	2 890
Analysis by fund
Unrestricted funds			2,285,208	1,848,772	2,285,208	1,859,930
Restricted funds			30066	500	30066	500
Grants payable
			Group		Charity
			2022	2021	2022	2021
Grants to institutions		(5 grants):
King ofKings Church			1,163	1,207	1,163	1,207
Planetshakers			2,855	5,276	2,855	5,276
Hope for Justice				1,800		1,800
Live Audacious				2,000		2,000
Audacious Foundation			45,000	45,000	45,000	45,000
Tearfund			3,000		3,000
Audacious Church Switzerland			8,412		8,412
Endeavour Worldwide		Limited				11 158
			60,430	55,283	60,430	66,441
Grants to individuals		(3grants)	9948	9981	9948	9981
						~4

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						Charity
			2022	2021	2022	2021
			Number	Number	Number	Number
Trustees ofAudacious		Church		6
Trustees/directors	of	subsidiaries		1
Employees			52	50	51	43
				25

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Tangible fix	ed assets
			Group
		Freehold		Fixtures	Total
		land and	Leasehold	fittings &
		buildings	improvements	equipment
Cost
At 1 April 2021		3,255,000	261,907	1,071,472	4,588,379
Additions at	cost			199,950	199,950
Revaluation		2 025 000			2 025 000
At 31March	2022	5 280000	261~0	~12 1 422
Depreciation	and impairment
At 1 April 2021		195,274	77,418	917,281	1,189,973
Charge for the year		65,074	26,348	112,008	203,430
Revaluation		~260 348			~260348
At 31March	2022
Carrying amount At 31March 2022		~9~00	~15 141	~4~1	~5680 2 4
At 31March	2021
			Charity
		Freehold		Fixtures	Total
		land and	Leasehold	fittings &
		buildings	improvements	equipment
Cost
At 1 April 2021		3,255,000	261,907	1,069,233	4,586,140
Additions at	cost			199,950	199,950
Revaluation		2 025 000			2 025 000
At 31March	2022
Depreciation	and impairment
At 1 April 2021		195,274	77,418	915,042	1,187,734
Depreciation	charged in the year	65,074	26,348	112,008	203,430
Revaluation		~260348			~260348
At 31March	2022		~16	I 027000	~ll 0~1
Carrying amount At 31March 2022			le,~4	~4~	~~4
At 31March	2021

		Group	dk Charity
		2022	2021
			f,
Cost		3,201,298	3,201,298
Accumulated	depreciation	621 927	557 901
At 31March	2022

	Charity
2022		2021

Group	6f6:Charity
2022	2021

Debtors
				Group		Charity
				2022	2021	2022	2021
Trade debtors				82,475	33,680	38,466	22,219
Amounts due	from	subsidiary	undertakings			35,258	34,614
Other debtors				1,626	9,065	998	7,940
Prepayments	and accrued income			1 080373	902516	1 079992	902516
Creditors: amounts		falling	due within one year
				Group		Charity
				2022	2021	2022	2021
Bank loans and overdraits				161,837	157,500	161,837	157,500
Trade creditors				63,225	139,195	61,196	137,554
Taxation and	social	security		37,641	20,818	23,061	20,321
Other creditors				113,952	53,020	113,952	53,021
Accruals				42, 184	27,856	24,237	26,588
Deferred income				23 267	10543	23 267	10543

Creditors: amounts falling due after more than one year
	Group A Charity
	2022	2021
Mortgage and loan
Analysis ofmortgage and loan
Not wholly repayable within five years by instalments	327,979	508,178
Wholly repayable within five years	854 992	832078
	1,182,971	1,340,256
Included in current liabilities	~161837)	~157500
Loan maturity analysis
Debt due in one year or less	161,837	157,500
In more than one year but not more than two years	166,293	161,837
In more than two years but not more than five years	526,862	512,741
In more than five years	327979	508 178

	Group			Charity
2022		2021	2022		2021

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Analysis o	fnet assets betwe	en funds (co	ntinued)
				Group and Charity
				Unrestricted	Restricted	Total
				funds	funds
Unrealised	gains included above:
On tangible	fixed assets			2 704 893		2 704 893
Reconciliation ofmovements		in unrealised	gains
Unrealised	gains at 1 April 2021			419,525		419,525
Revaluation	oftangible fixed	assets		2 285 348		2 285 348
Unrealised	gains at 31March	2022


	2022	2021	2022	2021
Within one year	88,310	95,930	78,620	93,069
Between two and five years	21281	18683	17723	18683

25	Cash generated from operations	Cash generated from operations	Cash generated from operations
				Group		Charity
				2022	2021	2022	2021
	Surplus for the year			949,382	891,866	883,042	891,866
	Adjustments for:
	Investment income	recognised	in statement
	offinancial activities			(794)	(3,326)	(71,081)	(13,326)
	Depreciation and impairment		oftangible
	fixed assets			203,430	193,274	203,430	193,274
	Movements in working capital:
	Decrease in stocks			3,232	1,404	3,232	1,404
	(Increase)/decrease Increase/(decrease)	in debtors in creditors		(219,212) 28 836	(497,393) 116599	(187,405) ~2 314)	(515,420) 119115
	Cash generated from operations
26	Analysis ofchanges	in net funds
						Group
					As at		As at
					1April		31March
					2021	Cash flows	2022
	Cash at bank and in	hand			4,094,827	608,433	4,703,260
	Loans falling due within one year				(157,500)	(4,337)	(161,837)
	Loans falling after more than		one year		(1 182756)	161622	(1 021 134)
						Charity
					As at		As at
					1April		31March
					2021	Cash flows	2022
	Cash at bank and in	hand			4,069,374	542,750	4,612,124
	Loans falling due within one year				(157,500)	(4,337)	(161,837)
	Loans falling after more than		one year		(1 182 756)	161622	~102) 134