2022-12-31-accounts - The Philadelphia Network Limited

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Trustees	Revd. Michael Rutter
	Revd. Giles Holloway
	Samuel Evans
	Dr Ade Adebajo
	Timothy Armstrong
	Neill Birchenall
	Brian Gooch
	J Maclnnes	(Appointed 15 June 2023)
Charity number	1134973
Company number	06035697
Registered office	6 Gilpin Street
	Sheffield
	S6 3BL
Auditor	Wells Richardson
	Cannon House
	Rutland Road
	Sheffield
	South Yorkshire
	S3 8DP
Bankers	Virgin Money
	Fargate
	Sheffield
	Si 1LL

	Page
Trustees report	1 −3
Independent auditor's report	4 −6
Statement of financial activities	7 −8
Balance sheet	9
Statement of cash flows	10
Notes to the financial statements	11 −35

		Unrestricted	Unrestricted	Restricted	Total	Unrestricted	Unrestricted	Restricted	Total
		funds	funds	funds		funds	funds	funds
		general	designated			general	designated
			Property &				Property &
			Capital				Capital
		2022	2022	2022	2022	2021	2021	2021	2021
	Notes	£	£	£	£	£	£	£	£
Jncome from:.
Donations and legacies	3	446,828		691,679	1,138,507	543,463		585,369	1,128,832
Charitable activities	4	104,526		3,425	107,951	98,050	−	−	98,050
Other trading activities	5	−		312	312
Investments	6	138,572			138,572	59,128		−	59,128
Total income		689,926		695,416	1,385,342	700,641		585,369	1,286,010
Expenditure on:
Charitable activities	7	611,079	26,682	589,563	1,227,324	528,116	41,972	409,986	980,074
Net incoming resources before transfers		78,847	(26,682)	105,853	158,018	172,525	(41,972)	175,383	305,936

		Unrestricted Unrestricted	Unrestricted Unrestricted	Restricted	Total	Unrestricted	Unrestricted	Restricted	Total
		funds	funds	funds		funds	funds	funds
		general	designated			general	designated
			Property &				Property &
			Capital				Capital
		2022	2022	2022	2022	2021	2021	2021	2021
		£	£	£	£	£	£	£	£
Net incoming resources before transfers		78,847	(26,682)	105,853	158,018	172,525	(41,972)	175,383	305,936
Gross transfers between funds	13	(118,897)	150,025	(31,128)	−	12,349		(12,349)	..
Net (expenditure)/income for the year/
Net movement in funds		(40,050)	123,343	74,725	158,018	184,874	(41,972)	163,034	305,936
Fund balances at 1 January 2022		323,803	1,788,210	509,158	2,621,171	138,929	1,830,182	346,124	2,315,235
Fund balances at 31 December 2022		283,753	1,911,553	583,883	2,779,189	323,803	1,788,210	509,158	2,621,171

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		2022		2021
	Notes		E	E	E
Cash flows from operating activities
Cash generated from operations	26		10,551		257,556
Investing activities
Purchase of tangible fixed assets		(173,651)		(21,473)
Purchase of subsidiaries				(2)
Investment income received		138,572		59,128
Net cash (used in)/generated from
investing activities			(35,079)		37,653
Net cash used in financing activities
Net (decrease)/increase in cash and cash
equivalents			(24,528)		295,209
Cash and cash equivalents at beginning of year			874,536		579,327
Cash and cash equivalents at end of year			850,008		874,536

Freehold buildings	2% Straight line
Leasehold buildings	2% Straight line
Fixtures and fittings	25% Straight line

	Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
	funds	funds		funds	funds
	general			general
	2022	2022	2022	2021	2021	2021
	£	£	£	£	£	£
Donations and gifts	438,888	480,478	919,366	508,392	473,057	981,449
Legacies receivable		7,167	7,167	−	−	−
Sundry grants	7,940	204,034	211,974	35,071	112,312	147,383
	446,828	691,679	1,138,507	543,463	585,369	1,128,832
Donations and gifts
Committed giving and donations	365,371	420,887	786,258	417,839	433,279	851,118
Gift aid receipts	73,517	59,591	133,108	90,553	39,778	130,331
	438,888	480,478	919,366	508,392	473,057	981,449

	2022	2021
	£	£
Women's weekend	4,633
Playtime and other takings	11,498	4,729
Youth work	80,593	62,743
Restore fund	11,227	30,578
	107,951	98,050
Analysis by fund
Unrestricted funds −general	104,526	98,050
Restricted funds	3,425
	107,951	98,050

		Restricted	Total
		funds
		2022	2021
		£	£
Fundraising	events	312	−

	Unrestricted	Unrestricted
	funds	funds
	general	general
	2022	2021
	£	£
Rent and conference fees	133,971	58,899
Interest receivable	4,601	229
	138,572	59,128

Charitable activities
	Network			Building		Network
	Church	Property &	Sundry	Fund:	Total	Church	Property &	Sundry	Total
	Sheffield	Capital	Philadelphia		2022	Sheffield	Capital		2021
	2022	2022	2022	2022		2021	2021	2021
	£	£	£	£	£	£	£	£	£
Staff costs	280,838		181,165	−	462,003	289,879	−	117,363	407,242
Depreciation and impairment	−	44,356	5,132	−	49,488		46,291	1,787	48,078
Capitalisation of fixtures	−	(169,151)	(4,500)	−	(173,651)	−	(4,319)	(17,154)	(21,473)
Projects and training	18,009		5,779	−	23,788	502		8,300	8,802
Staff expenses	10,994		16,521	−	27,515	4,416		23,527	27,943
Staff training	3,395		−		3,395	415		−	415
Worship and audio−visual	1,256			−	1,256	3,362			3,362
Community Life	3,683		−		3,683	1,749		−	1,749
Missional communities including food			218,327		218,327	9,658		71,220	80,878
	318,175	(124,795)	422,424		615,804	309,981	41,972	205,043	556,996
Grant funding of activities (see note 8)	35,755		39,070		74,825	18,008		158,591	176,599
Share of support costs (see note 9)	245,236	151,477	101,778	26,291	524,782	191,987		46,352	238,339
Share of governance costs (see note 9)	11,913				11,913	8,140			8,140
	611,079	26,682	563,272	26,291	1,227,324	528,116	41,972	409,986	980,074


Charitable activities									(Continued)
	Network			Building		Network
	Church	Property &	Sundry	Fund:	Total	Church	Property &	Sundry	Total
	Sheffield	Capital		Philadelphia	2022	Sheffield	Capital		2021
	2022	2022	2022	2022		2021	2021	2021
	£	£	£	£	£	£	£	£	£
Analysis by fund
Unrestricted funds −general	611,079			−	611,079	528,116			528,116
Unrestricted funds −designated Property & Capital		26,682		−	26,682		41,972		41,972
Restricted funds			563,272	26,291	589,563		−	409,986	409,986
	611,079	26,682	563,272	26,291	1,227,324	528,116	41,972	409,986	980,074

Grants payable	Network			Network
	Church			Church
	Sheffield	Sundry	Total	Sheffield	Sundry	Total
	2022	2022	2022	2021	2021	2021
	£	£	£	£	£	£
A & M Burgess	5,338	33,120	38,458	4,713	153,065	157,778
M & C Basile	6,019	−	6,019	5,037	1,200	6,237
A Kennedy	5,889	1,200	7,089	4,908		4,908
Kairos Connexion	3,600		3,600
Baptist Union	434		434
Diocese of Sheffield	5,850		5,850	−
Together for Sheffield	1,000		1,000		3,500	3,500
Arise	−	−		1,000		1,000
Fusion				1,600		1,600
Thomas family	−	1,693	1,693
Albania	4,482	−	4,482
Yorks Baptist	2,943		2,943
Ukraine	−	1,934	1,934
Sundry small donations	200	1,123	1,323	750	826	1;576
	35,755	39,070	74,825	18,008	158,591	176,599

Support costs
	Support	Governance	2022	Supportcosts	Governance	2021
	costs	costs			costs
Administration costs	38,878		38,878	27,327		27,327
Bank charges	921	−	921	527		527
Hire of equipment	3,580		3,580	4,983		4,983
Legal fees	101,033		101,033	58,722		58,722
Bad debts	24,589		24,589
IT Costs	10,234		10,234	3,733		3,733
Insurance	16,011		16,011	15,475		15,475
Utilities and telephone	81,714		81,714	64,399		64,399
Repairs, maintenance,
property and equipment	237,469		237,469	60,007		60,007
Rent and rates	10,353		10,353	3,166		3,166
Legal and professional		11,913	11,913		8,140	8,140
	524,782	11,913	536,695	238,339	8,140	246,479

	Salary	Pension
Revd Giles Holloway	36,900	3,690
Mrs Amanda Gooch	5,144	357
Revd Mike Rutter	38,057	2,664
Samuel Evans	41,546	2,908

	2022	2021
	Number	Number
	25	25
Employment costs	2022	2021
Wages and salaries	437,101	374,945
Social security costs	31,753	23,032
Other pension costs	(7,396)	8,743
	461,458	406,720
Included in the above were redundancy costs of £Nil (2021−£4,000).
In addition:
Annual value of staff housing	545	522

	Network	Property &	Sundry	Building	Total	Network	Property &	Sundry	Building	Total
	Church	Capital		Fund:		Church	Capital		Fund:
	Sheffield			Philadelphia		Sheffield			Philadelphia
	2022	2022	2022	2022	2022	2021	2021	2021	2021	2021
Freehold purchase	(150,025)	150,025
Building Fund donations	20,684	−	(20,684)
Restore funds	10,444	−	(10,444)			11,230	−	(11,230)
Form Missions						1,119	−	(1,119)
	(118,897)	150,025	(31,128)			12,349		(12,349)

Tangible fixed assets
	Freehold	Leasehold	Fixtures and	Total
	buildings	buildings	fittings
Cost
At 1 January 2022	1,485,000	636,100	301,533	2,422,633
Additions	151,477		22,174	173,651
Leasehold transfer	636,100	(636,100)
At 31 December 2022	2,272,577		323,707	2,596,284
Depreciation and impairment
At 1 January 2022	237,600	100,610	282,297	620,507
Depreciation charged in the year	42,422	−	7,066	49,488
Leasehold transfer	100,610	(100,610)
At 31 December 2022	380,632		289,363	669,995
Carrying amount
At 31 December 2022	1,891,945		34,344	1,926,289
At 31 December 2021	1,247,400	535,490	19,236	1,802,126

				Other
				investments
	Cost or valuation
	At 1 January 2022 & 31 December 2022			2
	Carrying amount
	At 31 December 2022			2
	At 31 December 2021			2
			2022	2021
	Other investments comprise:	Notes
	Investments in subsidiaries	24	2	2
16	Debtors
			2022	2021
	Amounts falling due within one year:
	Trade debtors		36,478	8,153
	Youth activities in advance		22,067	5,310
	Amounts owed by subsidiary undertakings		600	−
	Gift aid and other debtors		76,872	86,529
	Prepayments and accrued income		5,028	5,213
			141,045	105,205
17	Creditors: amounts falling due within one year
			2022	2021
		Notes
	Other taxation and social security		10,049	8,434
	Deferred income	18	54,624	62,061
	Trade creditors		26,157	9,645
	Other creditors		17,879	15,275
	Accruals		29,446	26,583
			138,155	121,998

	2022	2021
Other deferred income	54,624	62,061
Deferred income is included in the financial statements as follows:
	2022	2021
Deferred income is included within:
Current liabilities	54,624	62,061
Movements in the year:
Deferred income at 1 January 2022	62,061	11,036
Released from previous periods	(31,915)	(11,036)
Resources deferred in the year	24,478	62,061
Deferred income at 31 December 2022	54,624	62,061

The amounts included in the balance sheet arising from th obligations in respect of defined benefit plans are as follows:	e Charity's
	2022	2021
Present value of defined benefit obligations		38,700
Deficit in scheme		38,700

	2022
Liabilities at 1 January 2022	38,700
Decrease in liability	(38,700)
At 31 December 2022

		Movement in funds	Movement in funds			Movement in funds	Movement in funds
			2021				2022
	Balance at	Incoming	Resources	Transfers	Balance at	Incoming	Resources	Transfers	Balance at
	1 January 2021	resources	expended	1	January 2022	resources	expended		31 December
									2022
Basiles −Italy	100	1,200	(1,200)		100	1,200	(1,200)		100
Form Mission & contingencies	1,119			(1,119)		20,687	(3)	(20,684)
Gifts to be forwarded	736	161,668	(155,229)		7,175	37,651	(41,099)		3,727
King's Centre −Generosity pot	376		−		376	−	−		376
King's Centre −Building		2,106	(1,560)		546	98	(644)
Peru −A & M Burgess	1,486	495	(2,162)		(181)	450			269
Philadelphia −Students						66	(66)
Philadelphia −Worship	500		(500)
Restore	321,989	367,384	(218,400)	(11,230)	459,743	605,753	(488,428)	(26,408)	550,660
Youth−Other	19,818	8,631	(17,050)		11,399	16,881	(19,201)	−	9,079
Youth −Salaries		13,885	(13,885)		−	12,630	(12,630)
Philadelphia −Building Project		30,000			30,000		(26,292)		3,708
Forge and Restore								15,964	15,964
	346,124	585,369	(409,986)	(12,349)	509,158	695,416	(589,563)	(31,128)	583,883

Analysis of net assets between funds
	Unrestricted	Designated	Restricted	Total	Unrestricted	Designated	Restricted	Total
	funds	funds	funds		funds	funds	funds
	2022	2022	2022	2022	2021	2021	2021	2021
	£	£	£	£	£	£	£	£
Fund balances at 31 December 2022 are
represented by:
Tangible assets	−	1,926,289	−	1,926,289	−	1,802,126	−	1,802,126
Investments	2	−		2	2		−	2
Current assets/(liabilities)	283,751	(14,736)	583,883	852,898	362,501	(13,916)	509,158	857,743
Provisions and pensions					(38,700)			(38,700)
	283,753	1,911,553	583,883	2,779,189	323,803	1,788,210	509,158	2,621,171

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Cash generated from operations	2022	2021
Surplus for the year	158,018	305,936
Adjustments for:
Investment income recognised in statement of financial activities	(138,572)	(59,128)
Depreciation and impairment of tangible fixed assets	49,488	48,908
Difference between pension charge and cash contributions	(38,700)	(19,900)
Movements in working capital:
(Increase) in debtors	(35,840)	(31,920)
Increase/(decrease) in creditors	23,594	(37,365)
(Decrease)/increase in deferred income	(7,437)	51,025
Cash generated from operations	10,551	257,556

27	Analysis of changes in net funds
	The Charity had no debt during the year.