| Page | |||
|---|---|---|---|
| Report ofthe Trustees | 1 | to | 3 |
| Independent Examiner's Report |
|||
| Statement ofFinancial Activities | |||
| Statement ofFinancial Position | 6 | to | 7 |
| Statement ofCash Flows | |||
| Notes to the Statement ofCash Flows | |||
| Notes to the Financial Statements | 10 | to | 19 |
| Detailed Statement ofFinancial Activities | 20 | to | 21 |
| Registered office |
|---|
| 40 Pershore Road |
| Halesowen |
| West Midlands |
| B634QJ |
| Principal address |
| Gateway Christian Centre |
| Fmnt Building |
| Kelvin Way |
| West Bromwich |
| B707JW |
| Trustees |
| Mr JQuintanilla |
| Mr D L'Herroux |
| Mr0Lawal |
| Mr SFreeman |
| Company Secretary |
| Mr N Easton |
| Independent Examiner |
| Hamiltons Group Limited |
| Chartered Certified Accountants |
| Meriden House |
| 6 Great Cornbow |
| Halesowen |
| West Midlands |
| B633AB |
| Bankers |
| HSBC |
| The Bridge |
| Waleall |
| West Midlands |
| Ws1 1LN |
| Period | ||||||
|---|---|---|---|---|---|---|
| 1.12.19 | ||||||
| Year Ended | to | |||||
| 31.12.21 | 31.12.20 | |||||
| Unrestricted | Restricted | Total | Total | |||
| funds | funds | funds | funds | |||
| Notes | 6 | f | ||||
| INCOME AND ENDOWMENTS FROM | ||||||
| Donations and legacies |
553,782 | 17,355 | 571,137 | 623,947 | ||
| Other trading activities | 2,554 | 2,554 | 4,146 | |||
| Other income | 20,486 | ~20486 | ||||
| Total | 576,822 | 17,355 | 594,177 | 628,093 | ||
| EXPENDITURE ON | ||||||
| Charitable activities |
||||||
| Direct charitable expenditure |
||||||
| 641,698 | 5,560 | 647,258 | 592,299 | |||
| NKT INCOME/(EXPENDITURE) | (64,876) | 11,795 | (53,081) | 35,794 | ||
| RECONCILIATION | OF FUNDS | |||||
| Total funds brought | forward | 173,686 | 7,179 | 180,865 | 145,071 | |
| TOTAL FUNDS CARRIED FORWARD | ~108810 | 18,974 | ~127784 | ~I&0865 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | funds | funds | ||
| Notes | |||||
| FIXEDASSETS | |||||
| Intangible assets |
12 | 4,667 | 4,667 | ||
| Tangible assets | 13 | 52,898 | 52,898 | 60,161 | |
| 57,565 | 57,565 | 60,161 | |||
| CURRENT ASSETS | |||||
| Debtors | 14 | 1,638 | 1,638 | 3,881 | |
| Cash at bank and in hand | 102,367 | 18,974 | 121,341 | 168,838 | |
| 104,005 | 18,974 | 122,979 | 172,719 | ||
| CREDITORS | |||||
| Amounts falling due within one year |
15 | (13,593) | (13,593) | (2,015) | |
| NKT CURRENT ASSETS | 90412 | ~18974 | 109,386 | 170,704 | |
| TOTAL ASSETSLESSCURRENT | |||||
| LIABILITIES | 147,977 | 18,974 | 166,951 | 230,865 | |
| CREDITORS | |||||
| Amounts falling due after more than one year |
16 | (39,167) | (39,167) | (50,000) | |
| NET ASSETS | 108,810 | 18,974 | 127,784 | 180865 | |
| FUNDS | 19 | ||||
| Unrestricted funds |
108,810 | 173,686 | |||
| Restricted funds |
18,974 | 7,179 | |||
| TOTAL FUNDS | 127,784 | 180,865 |
| Period | ||||||
|---|---|---|---|---|---|---|
| 1.12.19 | ||||||
| Year Ended | to | |||||
| 31.12.21 | 31.12.20 | |||||
| Notes | ||||||
| Cash flows from operating | activities | |||||
| Cash generated fmm operations Interest paid |
(25,036) ~54 |
50,887 | ||||
| Net cash (used in)/provided | by operating | activities | ~25 090) | 50,887 | ||
| Cash flows from investing | activities | |||||
| Purchase ofintangible fixed assets Purchase oftangible fixed assets |
(6,000) ~15 574 |
~38,012 | ||||
| Net cash used in investing | activities | ~21,574) | ~38,012) | |||
| Cash flows from financing | activities | |||||
| New loans in year | 50,000 | |||||
| Loan repayments in year |
833 | |||||
| Net cash (used in)/pmvided | by financing | activities | ~833) | 50,000 | ||
| Change in cash and cash | equivalents | in | ||||
| the reporting period |
(47,497) | 62,875 | ||||
| Cash and cash equivalents | at the | |||||
| beginning ofthe reporting |
period | 168,838 | ~105963 | |||
| Cash and cash equivalents | at the end | of | ||||
| the reporting period |
~121341 | 168,838 |
| Period | ||||||||
|---|---|---|---|---|---|---|---|---|
| 1.12.19 | ||||||||
| Year Ended | to | |||||||
| 31.12.21 | 31.12.20 | |||||||
| Net (expenditure)/income | for the reporting | period (as per the | ||||||
| Statement ofFinancial | Activities) | (53,081) | 35,794 | |||||
| Adjustments | for: | |||||||
| Depreciation | charges | 24,170 | 17,832 | |||||
| Interest paid | 54 | |||||||
| Decrease/(increase) Increase/(decrease) |
in debtors in creditors |
2,243 ~1578 |
(1,490) ~1249 |
|||||
| Net cash (used in)/provided | by operations | 25,036 | 50,887 | |||||
| ANALYSIS | OF CHANGES | IN NET FUNDS | ||||||
| At 1.1.21 | Cash flow | At 31.12.21 | ||||||
| Net cash | ||||||||
| Cash at bank | and in | hand | 168,838 | ~47497) | 121,341 | |||
| 168,838 | ~47497 | 121,341 | ||||||
| Debt | ||||||||
| Debts falling | due within | 1year | (10,000) | (10,000) | ||||
| Debts falling | due after 1 | year | ~50,000 | 10,833 | ~39 167 | |||
| ~50000 | 833 | 49 167 | ||||||
| Total | ~118838 | 46664 | ~72 174 |
| Plant and machinery | 25% | reducing balance |
|---|---|---|
| Fixtures and fittings | 25% | reducing balance |
| Sound and video equipment | 33% | reducing balance |
| DONATIONS AND LEGACIES |
||
|---|---|---|
| Period | ||
| 1.12.19 | ||
| Year Ended | to | |
| 31.12.21 | 31.12.20 | |
| Donations | 463,377 | 520,609 |
| Gilt aid | 65,303 | 88,150 |
| Grants | ~42 457 | 15,188 |
| 571,137 | ~623947 |
| Period | |||||
|---|---|---|---|---|---|
| 1.12.19 | |||||
| Year Ended | to | ||||
| 31.12.21 | 31.12.20 | ||||
| 6 | |||||
| Job Retention Scheme | 39,589 | 15,188 | |||
| DWP re funiture | 2,868 | ||||
| 42 457 | 15,188 | ||||
| 3. | OTHER TRADING ACTIVITIES | ||||
| Period | |||||
| 1.12.19 | |||||
| Year Ended | to | ||||
| 31.12.21 | 31.12.20 | ||||
| Rental income | 1,200 | 3,300 | |||
| Event income | 1,354 | 846 | |||
| 2 554 | 4,146 | ||||
| 4. | CHARITABLE | ACTIVITIES COSTS | |||
| Direct | Support | ||||
| Costs (see | costs (see | ||||
| note 5) | note 6) | Totals | |||
| f. | |||||
| Direct charitable | expenditure | ||||
| 643,679 | 3,579 | 647,258 | |||
| 5. | DIRECT COSTSOF CHARITABLE ACTIVITIES | ||||
| Period | |||||
| 1.12.19 | |||||
| Year Ended | to | ||||
| 31.12.21 | 31.12.20 | ||||
| Staffcosts | 306,860 | 307,414 | |||
| Rent and insurance | 151,036 | 101,845 | |||
| Light and heat | 13,133 | 16,445 | |||
| Miscellaneous | 12,188 | 12,511 | |||
| Resources and literature | 6,120 | 2,635 | |||
| Youth work expenses | 8 | 2,036 | |||
| Pastoral team expenses | 103 | 1,618 | |||
| Hospitality and catering |
7,057 | 5,294 | |||
| GIRs etc - missions | 34,474 | 36,335 | |||
| Gifts - other | 1,534 | 1,489 | |||
| Tmlllmg | 1,535 | ~1429 | |||
| Carried forward | 534,048 | 489,051 |
| DIRECT COSTS | O | F C | HARITABLE ACTIVITIES - continued | ||
|---|---|---|---|---|---|
| Period | |||||
| 1.12.19 | |||||
| Year Ended | to | ||||
| 31.12.21 | 31.12.20 | ||||
| f. | |||||
| Brought forward | 534,048 | 489,051 | |||
| Motor, travel and subsistence | 1,170 | 2,806 | |||
| Property renovation, | repairs snd renewals | 1,033 | 7,788 | ||
| Equipment purchases, |
repairs and renewals | 15,058 | 17,902 | ||
| Computer and internet |
costs | 17,848 | 12,444 | ||
| Printing, stationery |
and advertising | 9,031 | 12,660 | ||
| Telephone andpostage | 5,814 | 6,224 | |||
| Bank charges | 746 | 1,614 | |||
| Church trips and events | 5,457 | 5,928 | |||
| Broadcast charges | 25,161 | 8,740 | |||
| Safeguarding | 1,485 | 716 | |||
| Team development | 398 | 442 | |||
| Increase project | 5,589 | ||||
| Special project production | 2,260 | ||||
| Depreciation | 24,170 | ~17832 | |||
| ~643 679 | ~589 736 | ||||
| SUPPORT COSTS | |||||
| Governance | |||||
| costs | |||||
| Direct charitable expenditure |
|||||
| ~3579 | |||||
| NET INCOME/(EXPENDITURE) | |||||
| Net income/(expenditure) | is stated after charging/(crediting): | ||||
| Period | |||||
| 1.12.19 | |||||
| Year Ended | to | ||||
| 31.12.21 | 31.12.20 | ||||
| Depreciation - owned | assets | 22,837 | 17,831 | ||
| Computer soihvare |
amortisation | 1,333 |
| Period | |
|---|---|
| 1.12.19 | |
| Year Ended | to |
| 31.12.21 | 31.12.20 |
| g | |
| 1,440 | 1,512 |
| Period | |||
|---|---|---|---|
| 1.12.19 | |||
| Year Ended | to | ||
| 31.12.21 | 31.12.20 | ||
| f | |||
| Wages | and salaries | 2S1,773 | 281,492 |
| Social | security costs | 19,409 | 20,173 |
| Other | pension costs | ~5678 | 5,749 |
| ~306860 | ~307414 |
| Period | ||
|---|---|---|
| 1.12.19 | ||
| Year Ended | to | |
| 31.12.21 | 31.12.20 | |
| Administration | 15 | 14 |
| Notes to the Fin otal S tements - continued for the Year Ended 31December 2021 |
Notes to the Fin otal S tements - continued for the Year Ended 31December 2021 |
Notes to the Fin otal S tements - continued for the Year Ended 31December 2021 |
Notes to the Fin otal S tements - continued for the Year Ended 31December 2021 |
|||
|---|---|---|---|---|---|---|
| 11. | COMPARATIVES FORTHE STATEMENT OFFINANCIAL ACTIVITIES | |||||
| Unrestricted | Restricted | Total | ||||
| funds | funds | funds | ||||
| 6 | 8 | |||||
| INCOME AND ENDOWMENTS | FROM | |||||
| Donations and legacies |
612,339 | 11,608 | 623,947 | |||
| Other trading activities | 4,146 | 4,146 | ||||
| Total | 616,485 | 11,608 | 628,093 | |||
| EXPENDITURE ON | ||||||
| Charitable activities |
||||||
| Direct charitable expenditure |
||||||
| 582,059 | 10,240 | 592,299 | ||||
| NET INCOME | 34,426 | 1,368 | 35,794 | |||
| RECONCILIATION | OF FUNDS | |||||
| Total funds brought forward | 139,260 | 5,811 | 145,071 | |||
| TOTAL FUNDS CARRIED FORWARD | ~173686 | ~7179 | ~l80 865 | |||
| 12. | INTANGIBLE FIKEDASSETS | |||||
| Computer | ||||||
| sofhvare | ||||||
| COST | ||||||
| Additions | 6,000 | |||||
| AMORTISATION | ||||||
| Charge for year | 1,333 | |||||
| NET BOOK VALUE | ||||||
| At 31December 2021 | 4,667 | |||||
| At 31December 2020 |
| for the Yea | for the Yea | r Ended 31Dece | mber 2021 | |||
|---|---|---|---|---|---|---|
| 13. | TANGIBLE FIKEDASSETS | |||||
| Fixtures | Sound and | |||||
| Plant and | and | video | ||||
| machinery | fittings | equipment | Totals | |||
| COST | ||||||
| At 1 January 2021 | 4,726 | 11,224 | 115,312 | 131,262 | ||
| Additions | 4,569 | 11,005 | ~15 574 | |||
| At 31December 2021 | 4,726 | 15,793 | 126317 | ~146836 | ||
| DEPRECIATION | ||||||
| At 1 January 2021 | 2,692 | 5,023 | 63,386 | 71,101 | ||
| Charge for year | 508 | 2,262 | 20,067 | 22,837 | ||
| At 31December 2021 | 3,200 | 7,285 | 83,453 | 93,938 | ||
| NET BOOKVALUE | ||||||
| At 31December 2021 | 1,526 | 8,508 | ~42 864 | ~52 898 | ||
| At 31December 2020 | 2,034 | ~6201 | 51,926 | ~60 161 | ||
| 14. | DEBTORS:AMOUNTS | FALLING DUE | WITHIN ONE YEAR | |||
| 2021 | 2020 | |||||
| 6 | ||||||
| Prepayments and accrued |
income | 1 638 | ~3881 | |||
| 15. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||||
| 2021 | 2020 | |||||
| Bank loans and overdrafts | (see note 17) | 10,000 | ||||
| Accruals and deferred income |
3,593 | 2,015 | ||||
| 13,593 | 2,015 | |||||
| 16. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE | YEAR | ||||
| 2021 | 2020 | |||||
| Bank loans (see note 17) | 39,167 | 50000 |
| An analysis ofthe maturity ofloans is given below: | ||
|---|---|---|
| 2021 | 2020 | |
| Amounts falling due within one year on demand: |
||
| Bank loans | 10,000 | |
| Amounts falling between one and two years: |
||
| Bank loans - 1-2years | ~30 000 | ~50 000 |
| Amounts falling due between two and five years: |
||
| Bank loans - 2-5 years | 9,167 |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Within one year | 37435 | |||||
| MOVEMENT IN FUNDS | ||||||
| Net | Transfers | |||||
| movement | between | At | ||||
| At 1.1.21 | in funds | funds | 31.12.21 | |||
| f | f | |||||
| Unrestricted | funds | |||||
| General Fund | 170,264 | (64,631) | (150) | 105,483 | ||
| Youth Work Fund Events Fund |
3,422 | (95) ~150) |
150 | 3,327 | ||
| 173,686 | (64,876) | 108,810 | ||||
| Restricted funds | ||||||
| Building Fund | 3,540 | 11,975 | 15,515 | |||
| Missions Fund | 2,681 | (180) | 2,501 | |||
| Trips Fund | 958 | 958 | ||||
| 7 | 179 | ~11795 | 18,974 | |||
| TOTAL FUNDS | ~180 | 865 | ~53 081) | 127784 |
| Incoming | Resources | Movement | |
|---|---|---|---|
| resources | expended | in funds | |
| Unrestricted funds |
|||
| General Fund | 575,497 | (640,128) | (64,631) |
| Youth Work Fund Events Fund |
759 566 |
(854) ~716) |
(95) ~150 |
| 576,822 | (641,698) | (64,876) | |
| Restricted funds | |||
| Building Fund Missions Fund |
12,828 4 527 |
(853) ~4,707) |
11,975 ~180) |
| 17,355 | 5,560 | ~11795 | |
| TOTAL FUNDS | ~594 177 | ~647 58 |
~53,081) |
| Net | Transfers | ||||
|---|---|---|---|---|---|
| At | movement | between | At | ||
| 1.12.19 | in funds | funds | 31.12.20 | ||
| Unrestricted | funds | ||||
| General Fund | 135,743 | 34,825 | (304) | 170,264 | |
| Youth Work Fund Events Fund |
2,982 535 |
440 ~839) |
304 | 3,422 | |
| 139,260 | 34,426 | 173,686 | |||
| Restricted funds | |||||
| Building Fund | 2,253 | 1,287 | 3,540 | ||
| Missions Fund | 2,600 | 81 | 2,681 | ||
| Trips Fund | 958 | 958 | |||
| 5811 | 1,368 | ~7179 | |||
| TOTAL FUNDS | ~145 071 | ~35 794 | 180865 |
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended | in funds | ||
| Unrestricted | funds | |||
| General Fund | 615,775 | (580,950) | 34,825 | |
| Youth Work Fund | 440 | 440 | ||
| Events Fund | 270 | ~1,109) | ~839) | |
| 616,485 | (582,059) | 34,426 | ||
| Restricted funds | ||||
| Building Fund Missions Fund |
7,147 4,461 |
(5,860) ~4,380) |
1,287 81 |
|
| ~11608 | ~10,240) | ~168 | ||
| TOTALFUNDS | ~628 093 | ~592 299) | 35,794 |
| for the Year Ended 31D | ecember 2021 | |||
|---|---|---|---|---|
| Period | ||||
| 1.12.19 | ||||
| Year Ended | to | |||
| 31.12.21 | 31.12.20 | |||
| f, | f, | |||
| INCOME AND ENDOWMENTS | ||||
| Donations and legacies | ||||
| Donations | 463,377 | 520,609 | ||
| Gift aid | 65,303 | 88,150 | ||
| Grants | 42457 | 15,188 | ||
| 571,137 | 623,947 | |||
| Other trading activities | ||||
| Rental income Event income |
1,200 ~1354 |
3,300 846 |
||
| 2,554 | 4,146 | |||
| Other income | ||||
| Refunded bank charges |
14,482 | |||
| Interest on bank charge | refund | ~6004 | ||
| 20,486 | ||||
| Total incoming resources | 594,177 | 628,093 | ||
| EXPENDITURE | ||||
| Charitable activities |
||||
| Wages | 281,773 | 281,492 | ||
| Social security | 19,409 | 20,173 | ||
| Pensions | 5,678 | 5,749 | ||
| Rent and insurance | 151,036 | 101,845 | ||
| Light and heat | 13,133 | 16,445 | ||
| Miscellaneous | 12,188 | 12,511 | ||
| Resources and literature | 6,120 | 2,635 | ||
| Youth work expenses | 8 | 2,036 | ||
| Pastoral team expenses | 103 | 1,618 | ||
| Hospitality and catering |
7,057 | 5,294 | ||
| Gifts etc - missions | 34,474 | 36,335 | ||
| Gifts —other | 1,534 | 1,489 | ||
| Tranung | 1,535 | 1,429 | ||
| Motor, travel and subsistence | 1,170 | 2,806 | ||
| Property renovation, | repairs and renewals | 1,033 | 7,788 | |
| Equipment purchases, |
repairs and renewals | 15,058 | 17,902 | |
| Computer snd internet |
costs | 17,848 | 12,444 | |
| Printing, stationery and |
advertising | 9,031 | 12,660 | |
| Telephone snd postage |
5,814 | 6,224 | ||
| Carried forward | 584,002 | 548,875 |
| Detailed Statement for the Year Ended |
ofFinancial Activities 31December 2021 |
||
|---|---|---|---|
| Period | |||
| 1.12.19 | |||
| Year Ended | to | ||
| 31.12.21 | 31.12.20 | ||
| Charitable activities |
|||
| Brought forward | 584,002 | 548,875 | |
| Bank charges | 746 | 1,614 | |
| Church trips and events | 5,457 | 5,928 | |
| Broadcast charges | 25,161 | 8,740 | |
| Safeguarding | 1,485 | 716 | |
| Team development | 398 | 442 | |
| Increase project | 5,589 | ||
| Special project production | 2,260 | ||
| Computer sotlware |
1,333 | ||
| Plant and machinery | 508 | 756 | |
| Fixtures and fittings | 2,262 | 1,820 | |
| Computer equipment |
~20067 | 15,256 | |
| 643,679 | 589,736 | ||
| Support costs | |||
| Governance costs |
|||
| Independent examiners |
fees | 1,440 | 1,512 |
| Legal and professional | fees | 2,085 | 1,051 |
| Bank loan interest | 54 | ||
| ~3579 | ~2563 | ||
| Total resources expended | ~647258 | ~592 99 | |
| Net (expenditure)/income | ~53081) | ~35 794 |