##
|||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|
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|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|
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##
|Plant and machinery|25%|reducing balance|
|---|---|---|
|Fixtures and fittings|25%|reducing balance|
|Sound and video equipment|33%|reducing balance|
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|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|