2022-03-31-accounts

CONTENTS
			PAGE
Trustees' Annual Report
Independent Auditors'	report to the	Members
Statement offinancial (including an income	activities 8 expenditure	account)	10
Balance sheet
Cash Flow
			12
Notes to the financial	statements		13

financial situation THE TRUSTEES The Trustees who	exstng ar ofthe company. served the company during the year were as	exstng ar ofthe company. served the company during the year were as	icles, poli follows:	cies, governance pro
Simon Harding Paul Thomas	Chair and Member ofthe Congregation Elder and Pastor
Julian Dagnall Kathy Nussbaum	Elder, Pastor and Company Elder	Secretary
Simon Rose David Patterson Vicki Hamilton Callie Tomlins Andrew Burton	Member ofthe Congregation Member ofthe Congregation Member ofthe Congregation Member ofthe Congregation Ex-Chair and Member ofthe	Congregation	(resigned	12 December 2021)

				Unrestricted	Restricted	Endowment
Income			Notes	funds 2022	funds 2022 6	funds 2022	Total Group 2022 F	Total Group 2021
Donations and gifts				526,551	17,653		544,204	576,790
Income from charitable		activies
Towards church activities				39,359			39,359	9,400
Income from other	trading
activities
Hire offacilities Commercial trading	activities			8,195 32,300			8,195 32,300	3,618 7,352
Other operating income
Government grants				1,076			1,076	10,817
Investment income	- interest			24			24	17
Total income				607,505	17,653		625,158	607,994
Expenditure
Church activities Commercial activities Fees				585,633 36,068 9,621	21,948		607,581 36,068 9,621	557,769 13,789 10,069
Tots Iexpenditure				631,322	21,948		653,270	581,627
Net Income/(expenditure)				(23,817)	(4,295)		(28,112)	' 26,367
Net movement in funds				(23,81'7)	(4,295)		(28,112)	26,367
Fund balances at 1 April 2021			14	2,211,624	1&,773	751,626	2,982,023	2,955,656
Fund balances at 31	March 2022		14	2,187,807	14,478	751,626	2,953,911	2,982,023

					Group		Charity	Charity
					2022	2021	2022	2021
			Notes
Fixed Assets
Tangible Assets Inmstments				6 7	3,194,832	3,280,971	3,194„553 1	3,280,642 1
Current assets					3,194,832	3,280,971	3,194,554	3,280,643
Stock Debtors Cash at bank and	in	hand			315 60,297 115,123 175,735	250 60,267 126,997 187,514	66,333 109,910 176,243	67,197 125,674 192,871
Creditors: amounts falling due within one year				9	(93,376)	(101,004)	(92,449)	(100,790)
Net current assets					82,359	86,510	83,794	92,081
Tote I assets less current liabilities					3,277,191	3,367,481	3,278,348	3,372,724
Creditors: amounts		falling
due after one year			10		(323,280)	(385,458)	(323,280)	(385,458)
Net assets			14		2,953,911	2,982,023	2,955,068	2,987,266
Income funds
Restricted funds					14,478	18,773	14,478	18,773
Unrestricted funds					2,187,807	2,211,624	2,188,964	2,216,867
Endowment Funds			12		751,626	751,626	751,626	751,626
Tote I church funds					2,953,911	2,982,023	2,955,068	2,987,266
The accounts were approved			by the Trustees	on	IR ~&~2~
Simon Hardin Trustee					Julia n agna I
					Trustee

					Group		Charity
					2022	2021	2022	2021
				Notes
								E
Cash flows from	operating		activities
Net cash provided	by/(used		in)
operating activities				15	68,305	114,259	63,797	114,118
Cash flow from	investing		activities
Investment income —interest Purchase oflixed assets Bank Loan repayments					24 (10,02&) (70,175)	17 (31,469) (69,054)	233 (9,619) (70,175)	162 (31,469) (69,054)
Net cash used in	investing	activities			(80,179)	(100,506)	(79,561)	(100,361)
Change in cash	and cash
equivalents
in the reporting	pe riod				(11,874)	13,753	(15,764)	13,757
Cash and cash equivalents		at 1 April			126,997	113,244	125,674	125,674
Cash and cash equivalents		at 31 March			115,123	126,997	109,910	101,978

				Staff costs	Depreciation	Other costs	Total	Total
				(note 5)
				2022 f	2022 E	2022 E	2022	2021
Grants payable Church Ministry Church activities Administration:		-see note 3 -see note below - direct		214,942		20,730 20,826 72 323	20,730 235,768 72„323	24,971 215,665 55,505
Church Church	maintenance/operating administration		costs	7,309 58,907	96,167	57,719 58,658	161,195 117,565	141,052 120,576
				281,158	96,167	230,256	607,581	557,769

NOTES TO THE FINANCIAL STATEMENTS	NOTES TO THE FINANCIAL STATEMENTS	NOTES TO THE FINANCIAL STATEMENTS	NOTES TO THE FINANCIAL STATEMENTS	NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31sTMARCH 2022
3. Grants Payable
Grants to institutions:			Unrestricted funds 2022		Restricted funds 2022 f Total 2022			Unrestricted funds 2021 f Restricted funds 2021 f	Total 2021 f
King's Church Ghana Restore Hope Latimer Open Doors Every Life Chiltern Food bank				7,500 100 200 216			7,500 100 200 216	14,000 500	14,000 500
Other				64			64	100	100
Grants to individuals (10grants)				8,080 6,261	6„389 8,080 12,650			14,600 2,700 7,171	14,600 9,871
				14,341	6,389		' 20,730	17,300 7,171	24,471
4. Fees
							2022	2021
Audit fees Payroll fees - Cansdales Consultant fees							5,040 3,381 1,200	4,834 3,506 1,729
							9,621	10,069
None ofthe fees paid during the year were paid from restricted						funds.
5. Employees and	Trustees
							2022	2021
Employee costs during	the year (including		key	management):
Wages and salaries Social security costs Other pension costs							249,000 17,631 14,527	240,196 16,288 12,482
							281,158	268,966
Average monthly number	ofpersons	employed:					Number	Number
Continuing Operations							13	12

				2022	2021
Key management	compensation:
Trustees' emoluments Trustees expenses Other salaries and short-term Post-employment benefits		employee	benefits	103,816 2,175 21,037 1,429	80,046 3,299 35,135 2,108
				128,457	120,588

6. Tangible fixed asse	ts
	Freehold
	Land 8 Buildings	Church equipment	Coffee shop	Total
Cost
At 1 April 2021 Additions Disposals	3,744, 641	305,372 9,619 (31,025)	6,670 409	4,056,683 10,028 (31,025)
At 31 March 2022	3,744,641	283,966	7,079	4,035„686
Depreciation
At 1 April 2021 Charge for year Disposals	539,175 74,893	230,196 20,815 (31,025)	6,341 459	775,712 96,167 (31,025)
At 31 March 2022	614,068	219,986	6,800	840,854
Net book value:
At 31 March 2022	3,130,573	63,980	279	3,194,832
At 31 March 2021	3,205,466	75,176	329	3,280,971

8.	p c Debtors	relating to the au	dit of its ind	ividual ac	counts by vir	tue ofsection	479A.
				Group		Charity
				2022	2021	2022	2021
	Income tax recoverable Debtors due greater than 12 months Trade Debtors			34,403 4,650 690	45,844 4,650	34,403 4,650	E 45,844 4,650
	Other debtors			20,554	9,773	27,280	16,703
				60,297	60,267	66,333	67,197
9.	Creditors: amounts	falling due within one year
				2022	2021	2022	2021
	Taxes & social security costs Handelsbanken loan Accruals and deferred income			6,324 61,979, 25,073	E 4,964 69,976 26,064	f. 6,324 61,979 24,146.	4,964 69,976 25,850
				93„376	101,004	92„449	100,790
10.	Creditors: amounts	falling due after	more than	one year
				2022	2021	2022	2021
	Handelsbanken loan		323,280		385,458	323,280	385,458
			323,280		385,458	323,280	385,458
	Loans payable 1-2years Loans payable 2-5 years Loans payable after 5 years		53,340 160,020 109,920		70,726 212,178 102,554	53,340 160,020 109,920	70,726 212,178 102,554

and the quar Restricted	terly repaym Funds	. neres rat ents are around E4,190.	. neres rat ents are around E4,190.	. neres rat ents are around E4,190.	on the additional loan is 3.47%	on the additional loan is 3.47%
The income ofdonations	funds ofthe and grants	charity include restricted funds comprising the held on trust for specific purposes:			following unexpended balances
Specific donations		Balance at 1 April 2021 E 18,773 18,773	Incoming Resources 17,653 17,653	Resources Expended f (21,948) (21,948)	Outgoing Transfiers	Balance at 31 Ilarch 2022 F 14,478 14„478
		Balance at	Incoming	Resources	Outgoing	Balance at
		1 April 2020 F	Resources E	Expended F	Transfers	31 March 2021 E
Specific donations		17,102	19,156	(17,485)		18,773
		17,102	19,156	(17,485)		18,773

Total Group
		Unrestricted	Restricted	Endowment	'
		funds	funds	funds		Total
Fund balances at31 March 2022 are represented	by:
Non-current assets Current assets Creditors: amounts falling due within one year Creditors: amounts falling due aRer more than one year		2,443,206 161,25'7 (93,376) (323,280) 2,187,807	14,478 14,478	751,626 751,626		3,194,832 175,735 (93,376) (323,280) 2,953,911
Fund balances at31 March 2021 are represented	by:
Non-current assets Current assets Creditors: amounts falling due within one year Creditors: amounts falling due after more than one year		2,529,345 168,741 (101,004) (385,458) 2,211,624	18,773 18,773	751,626 751,626		3,280,971 187,514 (101,004) (385,458) 2,982,023
Charity
Fund balances at31 March 2022 are represented	by:
Non-current assets Current assets Creditors: amounts falling due within one year Creditors: amounts falling due after more than one year		2,442,928 161,765 (92,449) (323,280) 2,188,964	14,478 14,478	751,626 751,626		3,194,554 1?6,243 (92,449) (323,2&0) 2,955,068
Fund balances at31 March 2021 are represented	by:
Non-current assets Current assets Creditors: amounts falling due within one year Creditors: amounts falling due aRer more than one	year	2,529,017 174,098 (100,790) (385,458) 2,216,867	18,773 18,773	751,626 751,626		3,280,643 192,871 (100,790) (385,458) 2,987,266

FOR THE YEAR ENDED 31STMARCH 2022	FOR THE YEAR ENDED 31STMARCH 2022
15. Reconciliation ofsurplus to net cash inflow from		operating	activities
	Group		Charity
	2021	2020	2021	2020
Net movement in funds Add back depreciation Less investment income Decrease in stock Decrease in debtors (Inc)/Dec in creditors excl bank loans	26,367 91,735 (17) 216 (1,598) 2,444	F 1,711 90,056 (49) 350 7,443 6,059	30,782 91,411 (162) (6,650) 1,263	E 1,423 89,732 (204) 11,596 6,731
Net cash used in operating activities	114,259	93,452	114,118	95,816

			Unrestricted	Restricted	Endowment
Income		Notes	funds	funds	funds E	Total Group
Donations and gifts			557,634	19,156		576,790
Income from charitable	activies
Towards church activities Income from other trading activities			9,400			9,400
Hire offacilities Commercial trading activies			3,618 7,352			3,618 7,352
Other operating income
Government grants			10,817			10,817
Investment income - interest			17			17
Total income			588,838	19,156		607,994
Expenditure
Church activities Commercial activities Governance costs —Audit Total expenditure	8 legal fees		540,284 13,789 10,069 564,142	17,485 17,485		557,769 13,789 10,069 581,627
Net Income/(expenditure)			24,696	1,671		26,367
Net movement in funds			24,696	1,671		26,367
Fund balances at 1 April 2020			2,186,928	17,102	751,626	2,955,656
Fund balances at 31 March 2021			2,211,624	18,773	751,626	2,982,023