| Contents | |||
|---|---|---|---|
| Page | |||
| Legal and administrative | information | ||
| Trustees report |
3-5 | ||
| Independent Examination |
report | 6-8 | |
| Statement offinancial |
activities | ||
| Balance sheet | 10 | ||
| Notes to the financial | statements | 11-16 |
| Towy Community Church 07 |
Towy Community Church 07 |
181660 |
181660 |
181660 |
|||||
|---|---|---|---|---|---|---|---|---|---|
| STATEMENT OF FINANCIAL | ACTIVITIES | for the period | ended 31st December | 2022 | |||||
| Unrestricted | Restricted | Total | |||||||
| notes | Funds | Funds | Funds | ~tata | aar | ||||
| Incomin Resources |
3 | ||||||||
| Donations, Legacies &Similar |
Incoming | resources | |||||||
| Donations Income |
70,729 | 41,206 | 111,935 | 103,806 | |||||
| Grants received - Unrestricted |
22,084 | ||||||||
| Grants Received - Restricted |
38,105 | 38,105 | 266,180 | ||||||
| Incoming Resources from Operating |
Activities | ||||||||
| a) in furtherance ofthe |
charity's | objectives | |||||||
| Trading income |
1,024,367 | 1,024,367 | 573,709 | ||||||
| b) for generating funds |
|||||||||
| Fundraising | |||||||||
| Investment Income |
|||||||||
| Bank Interest Received |
33 | 33 | |||||||
| Other Incoming Resources |
|||||||||
| Tax Rebate from Covenant/Gift | Aid | 10,752 | 1,325 | 12,077 | 7,692 | ||||
| Other income | 2,713 | 16,479 | 19,192 | 8,602 | |||||
| TOTAL INCOMING RESOURCES |
84,194 | 1,121,515 | 1,205,709 | 982,073 | |||||
| Resources Ex ended | |||||||||
| Costs ofgenerating Funds |
|||||||||
| Fundraising Costs |
|||||||||
| Charitable Expenditure |
|||||||||
| Grants/Gifts in furtherance of |
objectives | 13,514 | 13,514 | 7,890 | |||||
| Resources Expended on Management |
& | ||||||||
| Administration (including Xcel costs) |
69,365 | 1,054,863 | 1,124,229 | 835,588 | |||||
| Support Costs | 16,070 | 16,070 | 9,909 | ||||||
| Governance Costs: |
|||||||||
| Audit Fees | 2,500 | 2,500 | 2,500 | ||||||
| Fees for preparation ofaccounts |
900 | 900 | 900 | ||||||
| TOTAL RESOURCES EXPENDED | 82,879 | 1,074,333 | 1,157,212 | 856,787 | |||||
| NET INCOMING RESOURCES Before transfers | 1,315 | 47,182 | 48,497 | 125,286 | |||||
| Transfers Between Funds |
188 | 188 | 0 | ||||||
| NET INCOMING RESOURCES After transfers | 1,127 | 47,369 | 48,496 | 125,286 | |||||
| Gains/Losses on Revaluation |
of Fixed Assets | ||||||||
| NET MOVEMENT IN FUNDS |
1,127 | 47,369 | 48,497 | 125,286 | |||||
| Total Funds Brought Forward |
22,858 | 1,068,928 | 1,091,786 | 966,500 | |||||
| Total Funds Carried Forward |
23,985 | 1,116,298 | 1,140,283 | 1,091,786 |
| Towy Community | Church 07181550 | Church 07181550 | Church 07181550 | Church 07181550 | |||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||||||
| notes | Funds | Funds | Funds | ~test ear |
|||||
| Balance Sheet | |||||||||
| as at 31st December | 2022 | ||||||||
| Fixed Assets -Tan | ible | ||||||||
| Fixed Assets -Tangible | 10 | 2,434 | 1,336,838 | 1,339,271 | 1,332,816 | ||||
| Current Assets | |||||||||
| Stock | 5,895 | 5,895 | 2,118 | ||||||
| Debtors & Prepayments |
3,059 | 27,592 | 30,651 | 8„247 | |||||
| Bank 8 Cash | 23,?59 | 321,577 | 345,336 | 349,694 | |||||
| 26,817 | 355,065 | 381,882 | 360,059 | ||||||
| Current Liabilities | fallin | due within | 1 | ear | |||||
| Creditors 8 Accruals |
12 | 5,266 | 153,273 | 158,539 | 136,641 | ||||
| Loan - repayments due in 1 |
year | 83,601 | 83,601 | 67,373 | |||||
| 5,266 | 236,874 | 242,140 | 204,014 | ||||||
| Net Current Assets | 21,551 | 118,191 | 139,742 | 156,045 | |||||
| Tota I Assets less Current | Liabilities | 23,985 | 1,455,029 | 1,479,014 | 1,488,861 | ||||
| Creditors Falling due |
after 1 | year | 12 | 338,732 | 338,732 | 397,075 | |||
| Provisions for Liabilities |
8 Charges | ||||||||
| Total Net Assets | 23,985 | 1,116,297 | 1,140,282 | 1,091,786 | |||||
| Fund Balances | |||||||||
| Funds B/fwd |
22,858 | 1,068,928 | 1,091,786 | 966,500 | |||||
| Net movement offunds |
1,127 | 47,369 | 48,496 | 125,286 | |||||
| TOTAL FUNDS | 23,985 | 1,116,298 | "I,140,282 | 1,091,786 |
| this year | last year | |
|---|---|---|
| Wages, Salaries 8 Associated Costs | 687906 | 533659 |
| Redundancy Costs |
||
| Purchases for Resale Xcel |
129263 | 72222 |
| Rent, Rates, Light 8 Heat | 81972 | 40355 |
| Administration Costs |
89436 | 65104 |
| Repairs 8 Maintenance | 20773 | 35462 |
| Travel and subsistence | 5692 | 4450 |
| Lease Payments for Scoring System |
5479 | 4005 |
| Bank/HP Interest and Charges |
42006 | 25643 |
| Activity costs | 11036 | 6486 |
| Depreciation 8 Loss on Asset Disposal |
50668 | 48202 |
| Irrecoverable Vat |
||
| 1124229 | 835588 |
| wing out ofpocket expenses |
were reimbursed t |
|---|---|
| Mary Bayes | nil |
| David Insull | f.10 |
| Lynn Seymour | nil |
| Niall Pickup | nil |
| Paul Griffiths | nil |
| Tim Howells | nil |
| Emyr Jones | nil |
| Amounts | falling due within | 1 year are as follows: | This Year | Last Year | Last Year | |
|---|---|---|---|---|---|---|
| HMRC Gift Aid Rebate | F | 3,148 | 576 | |||
| Trade Debtors | F | 2 984 | 58 | |||
| Prepayments | 24,518 | 7613 | ||||
| E | 30651 | E | 8247 | |||
| 12.Creditors and Accruals | ||||||
| Amounts | falling due within | 1 year are as follows: | ||||
| This Year | Last Year | |||||
| Trade Creditors | E | 67049 | F | 41,253 | ||
| HMRC —VAT | F | 43,524 | 31,037 | |||
| PAYE, Pension and net pay rincl. AOE) |
F | 12,456 | 8,615 | |||
| Accruals | F | 26,144 | 44,771 | |||
| Accrue Loan Interest | E | 9,367 | F | 10964 | ||
| Bank Loan | 14,032 | E | 14,141 | |||
| CCC Loan | 34,703 | F | 34,703 | |||
| CBILS | 29,600 | E | 17,120 | |||
| Van HP | 5,266 | F | 1,409 | |||
| E | 242 140 | E | 204014 | |||
| Amounts | falling due after 1 year are as follows: | |||||
| CCC Loan Bank Loan |
F E |
40,702 186,580 |
f | 65,835 200,026 |
||
| CBILS | E | 87,734 | F | 131,213 | ||
| Van HP | F | 23,715 | 0 | |||
| E | 338732 | E | 387074 |
| Restricted | Restricted | Restricted | Restricted | Restricted | Unrestricted | ||||
|---|---|---|---|---|---|---|---|---|---|
| Xcel Bowl, | |||||||||
| furniture | Xcel | General | |||||||
| Total Fund | and HWB | Project | CMA | Foodbank | Youth | Funds | |||
| Incoming Funds |
|||||||||
| Grants received |
38105 | 5370 | 18458 | 14277 | |||||
| Trading Income |
1024367 | 1024367 | |||||||
| Gifts/Donations/Fundraising | recei | 39453 | 3206 | 35209 | 1037 | ||||
| Offerings & Tithes |
72482 | 1290 | 1500 | 69692 | |||||
| Gift Aid Rebate oftax | 12077 | 125 | 1200 | 10752 | |||||
| Profit on Sale ofAssets | 0 | ||||||||
| Other income | 19224 | 5210 | 108 | 45 | 11149 | 2713 | |||
| 1205709 | 1038154 | 108 | 19918 | 63335 | 0 | 84194 | |||
| 1121515 | |||||||||
| Expenditure ofFunds |
|||||||||
| Costs ofoperating the |
charity | 179133 | 0 | 19570 | 77541 | 82022 | |||
| Xcel Project (Building Phase | 2)cos | 0 | 0 | ||||||
| Direct Xcel project running costs | 926798 | 926798 | |||||||
| Irrecoverable VAT on project |
0 | ||||||||
| Depreciation | 51280 | 47464 | 15 | 206 | 2739 | 857 | |||
| 1157212 | 974262 | 15 | 19776 | 80280 | 0 | 82879 | |||
| 1074333 | |||||||||
| Net movement offunds |
for year | 48497 | 63892 | 93 | 142 | -16945 | 0 | 1315 | |
| opening Fund balances |
1091786 | 910359 | 48363 | 825 | 107918 | 1464 | 22858 | ||
| Fund Transfers | 150 | 38 | -188 | ||||||
| Closing Fund Balances | 1140282 | 974400 | 48455 | 967 | 91011 | 1464 | 23984 | ||
| Balance Sheet Funds | |||||||||
| Fixed Assets | 1339271 | 1321570 | 709 | 917 | 13642 | 0 | 2434 | ||
| less Loans & Mortgages | -422333 | %22333 | 0 | 0 | 0 | 0 | 0 | ||
| Stock | 5895 | 5895 | |||||||
| Debtors & prepayments |
30651 | 20449 | 0 | 25 | 7118 | 0 | 3059 | ||
| Creditors & Accruals |
-158539 | -145575 | 0 | 0 | -7698 | 0 | -5267 | ||
| Bank & Cash | 345336 | 190624 | 49675 | 0 | 81408 | 1464 | 22164 | ||
| Internal bank transfers |
pending | 0 | 3769 | -1929 | 25 | -3460 | 0 | 1595 | |
| 1140282 | 974400 | 48455 | 967 | 91011 | 1464 | 23984 |