2022-03-31-accounts - Soul Church Ltd

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Contents ofthe Financial Statements
forthe year ended 31 Ifiarch 2022
	Page
Report oftheTrustees	to
Statement ofTrustees' Responsibilities
Report ofths Independent Auditors	8 io 8
Consolidated Statement ofFinancial Activities
Balance Sheet
Consolidated Balance sheet
Consolidated Cash Flow Statement	12
Notes to the Cash Flow Statement	13
Notes to the,Financial Statements	14 to 23

		forthe	year en	ded 31 INarch	2022
						2022	2021
				Unrestricted	Restricted	Total	Total
				funds	fund	funds	funda
			Notes	6	6	6	6
INCOME AND ENDOWMENTS		FRQNI
Donations end legacies			2	1,667,646	2,585,'151	4,252,797	1,250,949
Charitable acuvtties
Charitable Activity			5	359,596	923	360,519
Other trading activities Investment income			3	65,814 864		65;814 864	8,40'3 4373
Total				2,093,920	2,686,074	4,679,994	1,597,711
EXPEhlDITURE ON
Raising funds Trading aMiviiy Charitable Activity			8	23,236 20,926 1,4208!62	11,781	25,238 20325 1,432,633	6,025 4,045 1,126,363
Total				1,465,016	11,781	1,476,797	1,140,453
NET INCOME before	transfers	and tax		628,904	2,574293	3,203,187	457,256
Taxation
Net movement In funds				628,904	2,574,293	3,203,197	456,999
RECONCILIATION OF FUNDS
Total funds brought	forward			4„306,280	357,866	4,664;136	4,206;037
TOTAL FUNDS CARRIED FORWARD				4,935184	~2932,149	~T6T336	4,684,136

					2022	2021
			Unrestricted	Restricted	Total	Total
			funds	fund	funds	funds
		Notes	6	9	E
FIXEDASSETS
Tangible assets		13	2,373,359	1,153,193	3,528,552	2,499,138
Investments		14	1	-	1	1
			2,373,360	1,153,193	3,528,553	2,499,139
CURRENT ASSETS
Debtors		15	290,826	181,657	472,483	283,249
Prepaymsnts aml Cash at bank and	accrued income in hand		1$81,484 ~349031	- ~1597299	1,981,484 ~1946330	5,387 ~1922,143
			2,621,341.	1,778,956	4,400,297	2,210,779
CREDITDRS
Am'ounts faging dus within one year		16	(66,197)		(86,'I97)	(46,865)
NET CURRENT ASSETS			~2555 144	1 778956	~4334 100	~2163914
TGTAL ASSETS	LESSCURRENT
LIABILITIES			4,928,504	2,932,149	7,860,653	4,663,053
NET ASSETS			4,928,504	~2932,149	~7860,653	~4,653 053
FU.NDS		17
Urlrssbl cted fuiide					4,928,504	4,305,197
Restricted funds					~2,932149	357,856
TOTALFDNDS					7,860,653	~4,663 053

				2022	2021
		Unrestricted	Restricted	Tohd	Total
		funds	fund	funds	funds
FIXEDASSETS	Notes				8
Tangible assets	21	2,392,884	1,153,193	~3545877	2,500,775
		2,392,68¹	1,153,193	3,545,877	2,500,775
CURRENT ASSETS
Stocks					550
Debtors Prepayments and accrued income Cash at bank and in hand	22	270,278 1,981,48'4 380,382	181,857 ~1,597 299	451,935 1,981,484 ~1,957681	289,114 1g24,t45
CREDITORS		2,812,144	1,778,958	4,391,100	2,213,809
Amounts falling due within one year	23	(69,644)		(89,844)	(50,448)
NET CURRENT ASSETS		2,542,500	1,778,956	~4,321 456	~2,163361
TOTAL ASSETS LESSCURRENT
LIABILITIES		4,935,184	2,932,149	7,887,333	4,664,'136
FUNDS
Unrestricted funds Restricted funds				4;935,184 2,932,149	4,306,280 357,866
TOTAL FUNDS				7,867,333	4,864,136

	Consolklated	Consolklated	Cash Flow Statement
	forthe	year	ended 3'I March'2022
				2021
	Notes			2
Cash flows from operating activities Gash gsrrerated fram operations Bank and other charges		1	1,141,462 ~12578	570,732 ~9,803
Nst cash provided by operating activities			~1128664	560,929
Sash flows from Investing activities purchase sltangible fixed assets Irferest received			(1,096,212)	(168,119) ~4373
Nsi cash used in investing activities			1,095,348	~163746
Change in cash and cash	equivalents		33,536	397,183
In the reporting period
Ceah and sash equivalents beginning' ofthe reporting	at ths period		~1924145	~1526962
Cash and cash equivalents ofths, reporting psriod	atthe end		~1957681	~1924 145

RECONCILIATION OF NET IN ACTIVITIES	COSIE	TO NET CASH FLOW FROM	QPERATINO
				2021
Net income for the reporting Financial Ac6vities) Adjustments for:	psdod	(as per the Statement of	3,293,197	f. 4'55,099
Deprsosiion charges Interest received Bank and other charges Decrease/(increase) in debtors (Decrease)/increase in creditors Decrease/(increase) in stock			51,109 {864) 12,578 (2,144,305) '19,197 569	62,130 (4473) 9,803 56,550 (14,460) 2,968
Net cash provided by operations			1 141462	~570732

	Nates to the Consolidated Financial Statements -cont for the year ended 31 March 2022	Nates to the Consolidated Financial Statements -cont for the year ended 31 March 2022	Nates to the Consolidated Financial Statements -cont for the year ended 31 March 2022	inued
3.	OTHER TRADING ACTtVITIES - GROUP
				2022 f	2021 f
	Hire Qf prerttlses Soul Ehterpiisa Trading Ltd	- Csf8 income		21,821 43,993 65414	207 ~8196 8,403
4,	INVESTMENT INCONIE - GROUP				2021 f
	Interest				4,373
5.	INCOME FRONI CHARITABLEACTIVITIES -GROUP
		Activity		2022f	202) f
	Csfd, bosss snd resoumss Preschool chgdren Sundry income	charitable Charitable Charitable	Activity Activity Aclivity	463 320,618 39,440	64 262,943 70,979
				360,519	333,986
8.	CHARITABLE ACTIVITIES	COSTS -	GROUP
			Direct	Support
			Costs (see	costs (see
			nots 7') f	note 8) f	Totals
	Charitable Acavlty		~1,320820	111,813	1,4325M
7.	DIRECT COSTS OFCHARITABLE ACTIVITIES-GROUP
				2022	2021 f
	Trustees' remunsmfion etc			46,935	40,700
	Staff posts Rent Qfprerriises Insurance			661,465 28,712 7,796	572,063 18,376 6,377
	Ught:and heat Telephone Surrdries			46,498 10,'i61 23,946	21,316 9,242 23,442
	voiuntesrs' travel				1,131
	Travel and subsistence			31,485	9,099
	Global missions			165,300	101,530
	Minisby purchases (food)			41,536	17,576
	Ministry contractors			56,121	47,751
	Conference costs			7,323	26
	Hire of equipment Donadona, gifts snd flowers Honorariums			37,048 23,740 12,656	24,946 19,664 9,783
	Prinfing, advertising and publicity Cieanirig and hygiene costs lhlstsr			18,886 29,193 5,751	18,654 21,787 3,114
	Maintenance			10,691	8,378
	Small equipment purchases	and repair		41,580	33,799
	Carried forward			1,306,623	1,006,752
					Continued. ..

		forths year ended 31 March	forths year ended 31 March	2022
'7,	DIRECT COSTS OF	CHARITABLE ACTIVITIES -GROUP		-cont)rued
					2022	2021
	Brought forward Training and development Security, health snd safety etc. Nurssy costs				2 1,306,823 6,939 3,455 3603	6 t,go6,752 4,452 6,352
					~1320„820	1,017,558
8.	SUPPORT COSTS -	GROUP
					Governance
				Management	CO8ta	Tctals
	Charitable Activity			M,	6 23,522	8 111,813
	Support costs, induded in the above, are		asfollows:
					2022	2021
					Charitsble	Tdtai
					Activity	ac8vtges
	Trustees' remuneration etc Postage and stationery Love in Action Depreciation oftangible assets Auditors' remuneration Auditors' remuneraoon for non audit				23,467 4,145 9,571 5'I,108 5,444	20)349 4,070 5,521 62,130 4,900
	work Profsseional fees Interest payable snd similar charges				600 5,000 t:2.678	695 3,369 9,803
					1114I13	110827
9.	TAXATIOM —GROUP
						2021
	Charity
	Group					~841)
10,	NET INCOSIE/{EXPENDITURE) - GROUP
	Net income/(expenditure)	is stated after charging/(crediting):
					2022	2021
	Auditors' remuneration Auditors' remuneration for non audit work Oepreciagon - owned assets Hire ofplant snd machinery				5;444 500 51,110 28,712	8 4,900 695 62,130 18;3'/8
					Continued. ..

			2022	2021
			6	6
Wages.and salaries Social security costs Other pension costs			665,085 53,428 ~13 354	576,923 44,340 ~11 849
			~731 867	833,112
Tne average monthly	number ofemployees	during the year:wss as follows:
			2022	2021
Employees			50	48

TANBIELE FIXEDASSETS -C	HARITY
		Fixtures
	Freehold	and	Motor
	property 6	fittings 6	vehides 6	Totals 8
COST
At 1 Apn) 2021 Additions	2,810555 ~1037,141	575,602 ~39 00'4	51,475	3,437,732 1,076,145
At 31 Mamh 2022	3,647,796	614,806	51,475	4,513,877
DEPRECIATION
At 1 April 2021 Charge foryear	387,515 ~2536	511,604 38,528	38,475 ~7667	938,594 ~48 731
At 31 March 2022	390,051	~550 132	47,142	~987325
NET BOOK VALUE At 31 March 2022	3,457,745	~84 474	~4333	~3,526 552
Al 31 March 2021	2,423,140	63,898	12,000	~2,499138

Shares	in
grbup
undertaidng
6

Registered office:4 Mason Road, Nor Nature ofbusiness: Trading	Registered office:4 Mason Road, Nor Nature ofbusiness: Trading	wich, NR6 6RF
Class ofshare;		holding
Ordinary		100
			2022	31.03.21
			2
Aggregate	capital and reserves		7,231	1.084

DEBTORS:AMOUNTS FALLING DUE WITHIN ONE Y	EAR -CHARITY
	2022	2021
Trade debtors Amounts owed by group undertakings	468,552 2,931	252,452 797

									2022	2021
										2
Trade. creditors									26,068	26,808
Sbcial aacurlty Other creditors		and olher		taxes					14,1&4 1,530	15,199 717
Accruals and	deferred		income						24,415	4„141
MGYE8IIENT	IN FUNDE			~ CHARITII'
									Net mevsment
								At 1.4.21	in furds	At31.3.22
										f.
llnrestriclsd	funds
General fund								4,305,197	823,307	4,928,504
Restricted funds
Restricted								357,856	2,574,293	2,932,149
TOTAL FUNDS								4,663,053	~3197 600	7,860,653
Net movement		in funds		included		in the	above are as follows:
								Incoming	Resources	Movement
								resources	expend8cl	in funds
								6	2
.Unrestricted	funds
Unrestricted								2,063,172	(1,439,855)	623,307
Restrlcled funds.
Restricted								2,586,074	(11,781)	2,574,293
TOTAL FUNDS								~4649246	~1452646)	3,197,600
Comparatlves		for movement			In	funds
									Transfeis
								Net movement	between	At
							At 1.4.20	in funds	funds	31.3.21
								5	5	2
Unrestricted	funds
Unrestricted							3,884,388	437,705	(16,896)	4,305,197
Restricted funds
Resbtctsd							320,243	20,717	16,896	357,856
TOTAI. FUNDS							4204 631	45&422	-	4663 053

Comparative	net movemenl in funds, i	ncluded in the above are as follow	s:
		Incoming	Resources	Movement
		resources	expended	in fun'ds
		6	6	5
Unrestricted	funds
Unrestricted		1,552,300	(1,114,995)	437,705
Restricted funds
Restricted		37;896	(17,179)	20,717
TOTALFUNDS		~f;590196	~ff 31,774)	468,432

A current ye	ar 12 months and prior yea	r 12 months combined position is	as fogows:
			Mst
		At 1.4.20	movement	At31.3.22
			in funds
		6
Unrestncted	fund»
Unrestricted		3,884,388	1,081,01'2	4,928,504
Restricted	funds
Restricted		320,243	2,595,010	2,932,149
TOTALFUNDS		~4204,631	~3;656022	~7660,658

ab'ovs sre as	p y follows:	e ne move	ment. ln funds,	included in t
		Incoming	Resources	Movemsnt
		resources	BXPended	in funds
		F	6	6
Unrestricted	funds
Unrestricted		3,615,472	(2;554,460)	1,061,012
Restricted funds
Restricted		2,823,970	(28,980)	2,595„010
TOTALFUNDS		6239442	~83,426)	~3,656022

	Freehold	Fixtures	Motor	Plant. 8
	property	&fittings	vehicles	machinery	Totals
	5	5
COST
At 1 (April 2021	2,810,655	575,602	51,475	3,401	3,441,133
AddWons	1,037,141	~39, 004		20,067	~1096212
At 31 Mare 2022	3~847 796	614,606	~51475	23,468	4,537,345
DEPRECIATION
At 1 April 2021 Charge for year	387,515 ~2536	511,604 3',528	39,475 7,667	1,764 2,379	940,358 51,110
At 31 March 2022	~390 051	~550 132	~47 142	4,143	991,468
NET BOOKVALUE
At 31 March 2022	3~457 745	64474	4 333	19,325	3,545 877
At 31 Marrh 2021	2~23 140	63,998	12,000	1,637	2,500,775

2022 8	2021 f
451,935	~289 114
451,935	269,114

CREDITORS: AMOU	NTS FALLING DUE WITHIN ON	E YEAR -GROUP
		2022	2021
		2
Trade creditors		27,515	26,877
Social security snd other taxes		14,184	17,713
Other creditors		1,530	1,2.17
Accruals snd deferred	Income	26,415	4,641

ANALYSIS OF NET ASSETS S	ETWEEN FUNDS -GROUP
GROUP			2022	2II21
	Un l'estr'Ictsd	Restricted	Total	Total
	fund	funds	Funds	Funds
	6	6	8
Fixed assets Net current assets	2,392,664 255439DO	1,153,193 ~1778958	3845,877 ~421 456	2;500,775 ~I63 61
	4,935,184	2,932,149	7,867,333	~4,664 13'8