2021-12-31-accounts - Way Church

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	STATEMENT OF FINANCIAL POSITION	STATEMENT OF FINANCIAL POSITION
		31December 2021
			2021	2020
			Total	Total
			funds	funds
		Notes
FIXEDASSETS
Tangible assets		13	5,269,582	5,228,353
CURRENT ASSETS
Stocks		14	8,266	5,918
Debtors		15	26,512	32,931
Cash at bank and in hand			205 705	219,793
			240,683	258,642
CREDITORS
Amounts falling due within one year		16	(123,232)	(141,488)
NET CURRENT ASSETS			117451	117154
TOTAL ASSETSLESSCURRENT
LIABILITIES			5,387,033	5,345,507
CREDITORS
Amounts falling due after more than	one year	17	(1,497,867)	(1,584,982)
ACCRUALS AND DEFERRED INCOME		21	(345,325)	(381,880)
NET ASSETS			3 543 841	3 378 645
FUNDS		22
Unrestricted funds			3 543 841	3 378 645
TOTAL FUNDS			3 543,1141	3,378 645

			ODAY'S COMMUNITY CHURCH	ODAY'S COMMUNITY CHURCH	ODAY'S COMMUNITY CHURCH
			STATEMENT OF CASH FLOWS
			for	the Year Ended 31	December 2021
					2021		2020
				Notes
Cash flows froin operating	activities
Cash generated from operations					208,208		195,927
Interest paid					(45,551)		(49,838)
Interest element ofhire purchase payments pat CI					~7613)		~4,393)
Net cash provided by operating activities					~155	044	141 696
Cash flows from investing	activities
Purchase oftangible fixed assets					(75,306)		(15,678)
Interest received						20	34
Net cash used in investing	activities				~75	286)	~15,644)
Cash flows from financin	activities
New loans in year							50,000
Loan repayments in year					(68,630)		(20,900)
Capital repayments in year					~25	016	~17,241)
Net cash (used in)/provided	by financing		activities		~93	646)	11 859
Change in cash and cash equivalents		in
the reporting period					(13,888)		137,911
Cash and cash equivalents	at the
beginning ofthe reporting	period				219	793	81,882
Cash and cash equivalents	at the end		of
the reporting period					205	905	219793

						2021	2020
							f.
Net incoine	for the	reporting		period (as per the Statement ofFinancial
Activities)						165,196	150,887
Adjustments	for:
Depreciation	charges					32,274	34,277
Loss on disposal of		fixed	assets			1,801
Interest received						(20)	(34)
Interest paid						45,551	49,838
Interest element ofhire purchase					and finance lease rental payments	7,613	4,393
(Increase)/decrease		in stocks				(2,348)	2,815
Decrease in	debtors					6,419	33,971
Decrease in	creditors					~48 278)	~80220)
Net cash provided		by operations				208 208	~195 927
ANALYSIS	OF CHANGES IN				NET DEBT
					At I/I/21	Cash flow	At 31/12/21
Net cash
Cash at bank	and in	hand			219793	~13888)	~205 905
					~219793	~13888)	205,905
Debt
Finance leases					(26,070)	25,016	(1,054)
Debts falling	due within		I year		(65,833)	(4,167)	(70,000)
Debts falling	due after I		year		(1~507890)	~72 799	(1,435,091)
					(1,599 793)	~93648	(1~506 145)
Total					(1~380000	~79 760	(1,300,240)

INVESTME		NT INCOME
					2021	2020
						f,
Deposit account interest					20	34
INCOME FROM CHARITABLE ACTIVITIES
					2021	2020
				Other
			Church	fundraising	Total	Total
			activities	activities	activities	activities
Offerings and donations			462,559		462,559	417,126
Gift Aid			73,751		73,751	85,446
Fundraising	events		3,920	1,862	5,782	14,718
Coffee shop		income		94,361	94,361	58,613
Grants			15,000		15,000	510
Miscellaneous		income	2,588		2,588	5,690
Commercial		letting		46,792	46,792	46,762
Concerts				10,905	10,905	12,224
Conferencing Arena (new	build hire)			35,564 ~43 342	35,564 ~43 342	39,174 13585
			557 818	232 826	~790 644	693,848

SUPPORT COSTS
			Governance
			costs
Church activities			22,884
NET iNCOME/(EXPENDITURE)
Net income/(expenditure)	is stated atter charging/(crediting):
		2021	2020
Auditors' remuneration		4,739	4,653
Depreciation - owned assets		32,275	34,277
Deficit on disposal offixed assets		1 801

13.	TANGIBLE	FIXEDASSETS
				Freehold
				Jt long
				leasehold	OAice
				property	equipment	Totals
	COST
	At 1 January	2021	5,082, 157		293,573	5,375,730
	Additions Disposals				75,306 ~5637)	75,306 ~5,637)
	At 31 December 2021		5	082 157	363242	5 445 399
	DEPRECIATION
	At 1 January	2021			147,377	147,377
	Charge for year Eliminated on disposal				32,275 ~3835)	32,275 ~3835)
	At 31 December 2021				~175817	175817
	NKT BOOK	VALUE
	At 31 December 2021		5	082,157	187,425	~569582
	At 31 December 2020		~5082 157		146 196	5,228 353
14.	STOCKS
					2021	2020
					f.	f
	Stocks				8266	~5918
15.	DEBTORS:	AMOUNTS FALLING DUK WITHIN ONK YEAR
					2021	2020
					f,	8
	Trade debtors				15,061	15,826
	Prepayments	and accrued income			~tl 451	~17 105
					26 512	32,931

			2021	2020
Bank loans and overdratts	(see note 18)		70,000	65,833
Hire purchase (see note 19)			1,054	24,154
Trade creditors			13,570	8,052
Social security and other	taxes		4,308	2,295
VAT			3,223	11,563
Other creditors			18,113	17,958
Accruals and deferred income			12,964	110
Accrued expenses				11 523
			~123 232	141 488
CREDITORS: AMOUNTS		FALLING DUE AFI'ER MORE THAN ONE YEAR
			2021	2020
Bank loans (see note 18)			1,435,091	1,507,890
Hie purchase (see note 19) Other creditors			~62 776	1,916 ~75 176
			14971167	1584982
LOANS
An analysis ofthe maturity	ofloans is given below:
			2021	2020
Amounts falling due within		one year on demand:
Bank loans			70 000	65 833
Amounts falling between	one and two years:
Bank loans - 1-2years			70 000	70 000
Amounts falling due between two and five years:
Bank loans —2-5 years			204 167	210000
Amounts falling due in more		than five years:
Repayable by instalments:
Bank loans more than 5 years by instalments			1,160,924	1,227,890