2022-12-31-accounts

Members	Revd David Hall (Vicar)	Revd David Hall (Vicar)	Revd David Hall (Vicar)	Revd David Hall (Vicar)
	Revd Terence		Russoff (Associate Minister)
	Oyinkan Adesakin			(Churchwarden)
	Sylvia Mann	(Assistant			Churchwarden)
	Helene Buijs
	Emily Clode
	Gordon Cutting
	Jenni Hudson
	Duncan Kerr	(Diocesan			Synod)
	Olu Olanrewaju
	Mark Sullivan		(Churchwarden)
	Jonathan Lilley					(Appointed	16 May 2022)
	Andrew Farr					(Appointed	16May 2022)
Charity number	1129662
Auditor	Summers Morgan
	Sheraton House,			Lower	Road
	Chorleywood
	Herffordshire
	WD3 5LH
Bankers	CAF Bank Ltd
	Kings Hill
	West Mailing
	Kent
	ME194TA
Legal Advisors	Debenhams	Ottaway
	107St Peter'	s
	StAlbans
	Herts
	AL1 3EW

		Page
Members' report		1-7
Statement of members'	responsibilities
Independent auditor's	report	9- 11
Statement offinancial	activities	12
Balance sheet		13
Statement ofcash flows		14
Notes to the financial	statements	15-28

						2022	2021
			Notes		6		6
Fixed assets
Tangible assets			11			24,970		1,646,027
Investment properties			12			2,525,000		900,000
						2,549,970		2,546,027
Current assets
Stocks			13		320		837
Debtors			14		14,736		26,998
Cash at bank and in	hand				311,534		321,173
					326,590		349,008
Creditors: amounts	falling due within
one year					(45,211)		(33,109)
Net current assets						281,379		315,899
Total assets less current liabilities						2,831,349		2,861,926
Creditors: amounts	falling due after
more than one year			16			(73,454)		(82,405)
Net assets						2,757,895		2,779,521
Capital funds
Endowment funds						274,057		274,057
Income funds
Restricted funds			18			14,262		3,187
~Drain Igd
General designated	funds			1,303,263			1,341,504
Revaluation reserve				1,063,019			1,063,019
Total designated funds						2,366,282		2,404,523
Unrestricted funds -	general					103,294		97,754
						2,757.895		2,779,521
The financial statements		were approved	by the Members	on	...(DP. .	..tn/ZPZ3
			Andre
Trustee			Trustee

					Unrestricted	Designated	Restricted	Endowment	Total	Tolal
					funds	funds	funds	funds
					general
				Notes	2022 6	2022 Z	2022 6	2022f	2022 6	2021 6
In		wmn		fr m
Donations and	legacies			2	603,405	6,875	37,173		647,453	546,876
Income from charitable
activities					56,287		5,170		61,457	31,482
Investments					45,364		11,274		56,638	47,819
Other income					5,172				5,172	3,738
Total income					710,228	6,875	53,617		770,720	629,915
gZg~ni ~rn:
Charitable activity
expenditure				8	637,083	117,479	37,784		792,346	642,736
Net incomel
(expenditure) transfers	before				73,145	(110,604)	15,833		(21,626)	(12,821)
Gross transfers	between
funds					(67,605)	72,363	(4,758)
Net incoming/(outgoing)
resources					5,540	(38,241)	11,075		(21,626)	(12,821)
Other recognised			gains	and losses
Revaluation of	tangible
axed assets										250,000
Net movement	in	funds			5,540	(38,241)	11,075		(21,626)	237,179
Fund balances	at 1
January 2022					97,754	2,404,523	3,187	274,057	2,779,521	2,542,342
Fund balances	at		31
December 2022					103,294	2,366,282	14,262	274,057	2,757,895	2,779,521

				2022		2021
			Notes
Cash flows from operating		activities
Cash absorbed by operations			22		(46,879)		(71,861)
Investing	activities
Purchase	oftangible fixed assets			(7,750)		(3,154)
Investment	income received			56,638		47,819
Net cash	generated from investing
activities					48,888		44,665
Financing	activities
Repayment	of bank loans			(11,648)		(12,444)
Net cash	used in financing	activities			(11,648)		(12,444)
Net decrease in cash and		cash equivalents			(9,639)		(39,640)
Cash and	cash equivalents	at beginning	ofyear		321,173		360,813
Cash and	cash equivalents	at end of	year		311,534		321,173

						Unrestricted	Unrestricted	Restricted	Total	Total
						funds	funds	funds
						general	designated
						2022	2022	2022	2022	2021
							6	6
Taxed standing			orders &other
donations						449,335		30,224	479,559	399,703
Collection		envelopes &			other gift aid	12,043		1,542	13,585	4,359
Income tax recoverable					on SO &gift
aid						110,659		5,407	116,066	126,105
Untaxed	standing			order/	GAYE	30,112			30,112	16,709
Collections		of	loose cash &other
donations						1,256			1,256
Legacies							6,875		6,875	28,560
For the year ended 31					December
2022						603,405	6,875	37,173	647,453	546,876

		2022	2021
		8	6
Weddings		1,904	5,845
Funerals		6,410	10,087
YPF Events		3,410	143
Hire of rooms		30,548	6,334
Junction events		12,114	3,532
Toddlers		1,543	343
Bookstall		716	80
Other trading	income	4,812	1,403
Job retention	scheme grant		3,715
		61,457	31,482
Analysis by fund
Unrestricted	funds - general	56,287	30,475
Restricted funds		5,170	1,007
		61,457	31,482

		Unrestricted	Restricted	Total	Unrestricted
		funds	funds		funds
		general			general
		2022	2022		2021
			8		6
House	rental income	44,245	11,267	55,512	47,696
Interest	receivable	1,119	7	1,126	123
		45,364	11,274	56,638	47,819

		Unrestricted	Unrestricted	Restricted	Total
		funds	funds	funds
		general	general
		2022 8	2021 f	2021 6	2021f
Other	income	5,172	2,988	750	3,738

		2022	2021
		6
Staff costs		242,596	198,656
Depreciation and	impairment	3,808	3,808
Parish share		207,155	199,047
House repairs &maintenance		61,267	15,533
House mortgage	interest	2,939	2,143
Church running expenses		42,167	39,127
Church training and mission		8,325	9.999
Pastoral care		2,800	2,492
Resources for work with young people		3,317	2,876
Resources for work with children		3,407	5,202
Charitable activity	costs (in relation to note 3)	16,872	11,358
Services costs		40,850	33,889
Office expenses		7,138	6,096
Equipment costs		7,988	11,224
Bank charges		265	240
Independent examination/audit		7,000	4,000
		657,894	545,690
Grant funding ofactivities (see note 7)		134,452	97,046
		792,346	642,736
Analysis by fund
Unrestricted funds - general		637,083	523,118
Unrestricted funds - designated		117,479	98,907
Restricted funds		37,784	20,711
		792,346	642,736

Grants payable
		2022	2021
		8	E
ACET		5,000	3,000
ACPI-Hopkins		6,250	6,300
Altitude Mission			1,150
Ascend		4,000	3,000
Bethany Church	Moldova	15,288	3,000
Christian Solidarity Worldwide		4,000	3,000
Church Army		4,000	3,000
Church Misison Society		2,000	2,000
Church Pastoral Aid Society		3,000	2,000
Church Urban Fund		4,000	3,000
C Meads			300
D Hall			184
Donate for refugees			250
FEBARadio		2,500	1,250
Food Bank		1,750	750
Friends H Land			250
Frontier Youth Trust		1,500	1,000
GEM UK Appells		9,642	7,600
Gideons		1,000	1,000
Haggai Institute		2,500	2,500
Health and Hope		5,000	2,500
Jenga		261	250
Jews for Jesus		1,000	1,000
Kenyan Children	Project	8,909	3,000
Langham International		3,000	3,000
London School ofTheology		2,000	2,000
Mission Aviation	Fellowship	3,000	4,250
OM Meads		4,240	3,840
Onelife		2,000	1,250
Partnership Trust	- Ellard	3,400	3.300
Peace Hospice		250
Philo Trust		4,000	3,000
Playskill		250
Prison Fellowship		1,500	1,000
Royal British Legion		228	97
Safe Passage			250
St Barnabus			500
Scripture Union		2,000	2,000
Sedassy Knt			50
Tearfund		5,556	4,750
TEFT (Kisima School)		7,850	3,325
Trinity Hinkley			2,500
Watford New Hope Trust		4,750	3,750
Wycliffe		200	300
Wycliffe BT - Wilson		3,728	2,400
Wycliffe BT - Broomhall		4,900	4,200
		134,452	97,046
All grants were paid to institutions.

The average monthly number ofemployees during th	e year was:
	2022	2021
	Number	Number
	12	10
Employment costs	2022 8	2021f
Wages and salaries	225,082	185,344
Social security costs	12,758	8,809
Other pension costs	4,756	4,503
	242,596	198,656

11	Tangible fixed assets
					Freehold	land	Church	Total
					and buildings		equipment
							f
	Cost or valuation
	At 1 January 2022				1,625,000		108,347	1,733,347
	Additions						7,750	7,750
	Transfer to investment	property			(1,625,000)		-	(1,625,000)
	At 31 December 2022						116,097	116,097
	Depreciation and impairment
	At 1 January 2022						87,319	87,319
	Depreciation charged	in the year					3,808	3,808
	At 31 December 2022						91,127	91,127
	Carrying amount
	At 31 December 2022						24,970	24,970
	At 31 December 2021				1,625,000		21,027	1,646,027
	The carrying value of	land included	in land and buildings	comprises:
							2022	2021
							6	6
	Freehold							1,625,000

Investment	property
			2022
			6
Fair value
At 1 January	2022		900,000
Transfers from owner-occupied		property	1,625,000
At 31 December 2022			2,525,000

					2022	2021
					6
	Freehold				2,525,000	900,000
	Long leasehold
	Shortleasehold
13	Stocks
					2022	2021
					6
	Finished goods and goods for resale				320	837
14	Debtors
	Amounts	falling due	within one year:		2022 6	2021f
	Other debtors				14,736	26,998
15	Creditors: amounts		falling due within one year
					2022	2021
				Notes	6	6
	Mortgage	on 4 Berry	Way	17	10,239	12,936
	Accruals and deferred		income		34,972	20,173
					45,211	33,109
16	Creditors: amounts		falling due after more than one year
					2022	2021
				Notes
	Mortgage	on 4 Berry	Way	17	73,454	82,405

17	Loans and overdrafts	Loans and overdrafts
			2022	2021
			8	5
	Mortgage	on 4 Berry Way	83,693	95,341
	Payable	within one year	10,239	12,936
	Payable	after one year	73,454	82,405

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22	Cash generated from	operations					2022	2021
							8	8
	(Deficit)/surpus for the	year					(21,626)	(12,821)
	Adjustments for:
	Investment income recognised in statement			of financial	activities		(56,638)	(47,819)
	Depreciation and impairment oftangible		fixed assets				3,808	3,808
	Movements in working	capital:
	Decrease in stocks						517
	Decrease/(increase) in	debtors					12,262	(15,016)
	Increase/(decrease) in	creditors					14,798	(13)
	Cash absorbed by operations						(46,879)	(71,861)
23	Analysis ofchanges	in net funds
						At 1 January	Cash flows	At 31 December
						2022		2022
						8	8
	Cash at bank and in hand					321,173	(9,639)	311,534
	Loans falling due within	one year				(12,936)	2,697	(10,239)
	Loans falling due after	more than one year				(82,405)	8,951	(73,454)
						225,832	2,009	227,841