# ## |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|