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|---|---|---|---|---|---|
|Report of|the Trustees||1|to|3|
|Report of|tbe Independent
Auditors||4|to|7|
|Statement|ofFinancial|Activities||||
|Statement|ofFinancial|Position||||
|Statement|ofCash Flows|||10||
|Notes to the Statement||ofCash Flows||||
|Notes to the Financial||Statements|12|to|20|
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||||||2021|2020|
|---|---|---|---|---|---|---|
||||||Unrestricted|Total|
||||||fund|funds|
|||||Notes||8|
|INCOME AND ENDOWMENTS|||FROM||||
|Charitable
activities|||||||
|Church activities|||||557,818|510,880|
|Other fundraising|activities||||232,826|182,968|
|Investment
income|||||20|34|
|Other income|||||68487|128 179|
|Total|||||859,151|822,061|
|EXPENDITURE|ON||||||
|Charitable
activities|||||||
|Church
activities|||||383,733|401,825|
|Other fundraising|activities||||310,222|269,349|
|Total|||||693,955|671,174|
|NET INCOME|||||165,196|150,887|
|RECONCILIATION||OF FUNDS|||||
|Total funds brought||forward|||3,378,645|3,227,758|
|TOTAL FUNDS|CARRIED FORWARD||||3,543 841|3,378,645|
##
||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|
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|||||||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)|
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|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|
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|CHARITABLE|ACTIVITIES COSTS||||
|---|---|---|---|---|
||||Support||
|||Direct|costs (see||
|||Costs|note 8)|Totals|
|Church activities||360,849|22,884|383,733|
|Other fundraising|activities|310222||310,222|
|||~671 071|22 884|693,955|
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|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||
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|STAFF COSTS||||||
|---|---|---|---|---|---|
|||||2021|2020|
|||||f,||
|Wages and salaries||||333,304|331,633|
|Social security costs||||8,844|7,736|
|Other pension costs||||3 622|3 390|
|||||~345 770|~342 759|
|The average monthly|number ofemployees|during|the year was as follows:|||
|||||2021|2020|
|Paid employees||||45|39|
##
|COMPARATIVE|S F|OR THE ST|ATEMENT OF FINANCIAL AC|TIVITIES|
|---|---|---|---|---|
|||||Unrestricted|
|||||fund|
|INCOME AND ENDOWMENTS|||FROM||
|Charitable
activities|||||
|Church activities||||510,880|
|Other fundraising|activities|||182,968|
|Investment
income||||34|
|Other income||||128,179|
|Total||||822,061|
|EXPENDITURE|ON||||
|Charitable
activities|||||
|Church
activities||||401,825|
|Other fundraising|activities|||269,349|
|Total||||671,174|
|NET INCOME||||150,887|
|RECONCILIATION||OF FUNDS|||
|Total funds brought||forward||3,227,758|
|TOTAL FUNDS|CARRIED FORWARD|||~3378645|
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##
|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|
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||||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|
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||||||2021|2020|
|---|---|---|---|---|---|---|
||||||f.||
|Net obligations||repayable:|||||
|Within|one year||||1,054|24,154|
|Between one and five years||||||1 916|
||||||~1054|~26 070|
|SECURED DEBTS|||||||
|The following||secured debts are included|within|creditors:|||
||||||2021|2020|
||||||f.||
|Bank|loans||||~1505091|~1573723|
##
|||||||2021|2020|
|---|---|---|---|---|---|---|---|
||Accruals and|deferred||income||~345 325|381 880|
|22.|MOVEMENT||IN FUNDS|||||
|||||||Net||
|||||||movement|At|
||||||At I/1/21|in funds|31/12/21|
||||||||f,|
||Unrestricted|funds||||||
||General fund||||3,378,645|165,196|3,543,841|
||TOTAL FUNDS||||3 373 645|165 196|3,543 341|
||||Incoming|Resources|Movement|
|---|---|---|---|---|---|
||||resources|expended|in funds|
|Unrestricted||funds||||
|General|fund||859,151|(693,955)|165,196|
|TOTAL|FUNDS||~859 151|~693955)|165 196|
##
||||Net||
|---|---|---|---|---|
||||movement|At|
|||At I/1/20|in funds|31/12/20|
|||f,|||
|Unrestricted|funds||||
|General fund||3,227,758|150,887|3,378,645|
|TOTAL FUNDS||3 227 758|150887|3 378,645|
|||Incoming|Resources|Movement|
|---|---|---|---|---|
|||resources|expended|in funds|
||||f.|f.|
|Unrestricted|funds||||
|General fund||822,061|(671,174)|150,887|
|TOTAL FUNDS||~822 061|~671 174)|~150 887|
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