## |||Page|Page| |---|---|---|---| |Report ofthe Trustees|1|Io|4| |Statement ofTrustees'
Responslhllitles|||| |Report efthe Independent
Auditors|6|io|6| |Consolidated
Statement of Financial Activities|||| |Science Sheet||10|| |Consolidated
Balance sheet|||| |Consolidated
Cash Flow Statement||12|| |Notes to the Cash Flow Statement||13|| |Notes to the Financial Statements|14|io|23| |Oetailed Statement of Financing
Activities|24|to|25| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||2023|2022| |---|---|---|---|---|---|---| ||||Unrestricted|Restricted|Total|Total| |INCOME AND ENDOWSIENTS FROM||Notes|fullds
2|fund|funds
f|funds
2| |Donations
snd legacies||2|1,791,101|1,312,841|3,108,942|4,252,797| |Charitable
activities||||||| |Charitable
Activity|||||430,940|350419| |Other trading activities
Investment
income||3
4|89,323
5800||89,323
~5600|65,814
864| |Total|||2,316901|«1312.904|~3629'805|~4879994| |EXPENDITURE ON||||||| |Raising funds
Trading
activity
Charitable
activity||6|22,314
23,239
«1467,482|4,543|22,314
23,239
1,4.72,025|23)238
20,926
1432,633| |Total|||«1513035|~4543|~1517578|«1476.797| |NET INCOME|||803,886|1,308,381|2,112,227|3,203,197| |RECONCILIATION|OF FUNDS|||||| |Total funds brought|forward||4,935,184|2,932,149|7,867,333|4,664,136| |TOTAL FUNDS CARRIED FORWARD|||5,739,050|~4,240510|~9979460|~78 7,333| ||31|IEaroh 2023|||| |---|---|---|---|---|---| |||||2023|2022| |||Unrestricted|Restricted|Total|Total| |||funds|fund|funds|funds| |FIXEDASSETS|Notes|||2|6| |Tangible assets
Investments|11
12|3,889,107
1|5,046,778
-|8,935,885
1|3,526,552
1| |||3,889,1Q8|5,046,778|8,935,686|3,526,553| |CURRENT ASSETS|||||| |Debtors
Prepayments
and accrued Income
Gash at bank arid in hand|13|506,796
10,736
~1384913|424,913|506,796
10,735
~1809826|472,483
1,981,484
1 946,330| |||1,902,¹44|424,913|2,327,357|4,400,297| |CREDITORS|||||| |Amounts
fa8lng due within one year|14|(61,862)|(1,231,181)|(1,293,043)|(66,197)| |NET CURRENT ASSETS||1 840 582|~806268)|1034314|4334100| |TOTAL ASSETSLESSCURRENT|||||| |LIABILITIES||5,729,69Q|4,240,510|9,970,200|7,860,653| |NET ASSETS||5729690|4240 510|9970200|7,860,653| |FUNDS|||||| |Unrestricted
funds
Restricted funds||||6,729,690
~4240,510|4,928,504
2,932,149| |TOTAL FUNDS||||9,970,200|7,860653| ## ## ||||Unrestricied|Restricted|2023
Total|2022
Total| |---|---|---|---|---|---|---| |FIXEDASSETS||Notes|funds
6|fund
f|funds
6|funds
f| |Tangible assets||19|3,904,373|5.046,778|8,951,151|3646877| ||||3,904,373|5,046,778|6,951,151|3,545,877| |CURRENTASSETS||||||| |Stocks
Debtors
Prepayments
and
Cash at bank and|accrued income
in hand|20|362
487,590
10,737
1,402 796|424,913|352
487,590
'10,737
~1827709|451,935
1,981,484
~1957.681| |CREDITORS|||1,901,475|424,913|2,326,388|4,391,100| |Amounts
falling due within one year||21|(66,798)|(1,231,181)|(1,297,979)|(69,644)| |NET CURRENT ASSETS|||~1834,677|~806266|~1,028 409|~4321456| |TOTAL ASSETS|LESSCURRENT|||||| |LIABILITIES|||5,739050|~440,510|~9979580|~7867,333| |FUNDS||22||||| |Unrestricted
funds
Restricted
funds|||||5,739,050
~4240 510|4,935„184
~2932 149| |TOTAL FUNDS||||||| ||||||9,979,560|~7867,333| ## |||SOUL CHURCH LTO|SOUL CHURCH LTO|| |---|---|---|---|---| |||CASH FLOW STATEMENT||| |||forthe year ended 31 March 2023||| |||Notes|2023
f|2022
6| |Cash flows from operating
activities||||| |Cash generated
frcm operatiens
Interest paid||1|4,094,004
~13,838|1,141,462
~12578| |Net cash provided
by operating
activities|||4 0eo,iss|~1126,884| |Gash flows from Investing|activlf|les||| |Purchase oftangible sxed assets
Interest mceived|||(5,446,920)
5,600|(1,096,212)
864| |Net cash used
in Investing|activities||~5441.320)|~1095348)| |Gash flows from flnanslag|activities|||| |New loans in year|||~1231182|| |Net cash provided
by financing activities|||~1,231 182|| |Change in cash and cash|equivalents|||| |In the reporting
period
Cash and cash equivalents|at the||(129,972)|33,536| |beginning
ofthe reporting|period||~1957681|~1924145| |Cash and cash equivalents
ofthe reporting
period|atthe|end|~1,827709|1 957661| ## ## ||||
Cash Flow Statem
forthe year ended 31Marsh 2023|
Cash Flow Statem
forthe year ended 31Marsh 2023|ent|| |---|---|---|---|---|---|---| ||RECONCIUATION
ACTfVTIES||OF NET INCOME TO NET CASH FLOW FROM||OPERATING|| ||||||2023|| ||Net income for the
Financial Activities)
Adjustmente
for.||reporting|Period (aspsr the Statement of|8
2,107,728|3,203,197| ||Depreciadon
charges
Interest received||||41,648|5'l,109| ||Bank and other charges
Dscressel(increase)
In debtors||||(5,600)
13,836|(564)
12,578| ||(Decrease)fincrease||in credhors||1,840,121|(2,144,305| ||Decrease/(increase)||In stock||(3,377)
~352|19„197
550| ||Net cash provided|by operations|||~4094004|~1141462| |2.|ANALYSIS OF CHANGES IN NET FUNDS|||||| ||||||CaSh Sow|At31,3.23| ||Net cash||||8|8| ||Cash et bank and in|hand||~1967881|~129,97|~1627709| |||||~I,957 681|~f2997|~1&27709| ||Debt|||||| ||Debts felling due within||1year||~1231 181|~1231181| ||||||~1231 '181|~1231 '181| ||Total|||||| |||||1 957681|~1361153|596528| ## ## ## ## ## |

forths year ended 31March|

forths year ended 31March|

forths year ended 31March|
2023||| |---|---|---|---|---|---| |OTHER TRADING ACTIVITIES.GROUP|||||| |||||2023|2022| |||||E|E| |Event ticket Sales
Soul Enterprise
Trading
Ltd||||29,857
~59 66|21,821
~43993| |||||~89323|65,814| |INVE8TMENT INCOME —GROUP|||||| |||||2023|2022| |||||E|| |Interest||||~5600|ee4| |INCOME FROM CHARITABLE ACTIVITIES.GROUP|||||| |||||2023|2022| ||AcBvity||||E| |Cafe, boaks and resources
Pre&cheat children
Sundry Income|Charitable
Gharitable
Gharitable|Achvity
Activity
Activity||112
404,991
~25 837|463
320,616
39,440| |||||~430 940|~360519| |CIU(BITABLE ACTIVITIES|COSTS-GROUP||||| ||||Direct|Support|| ||||Costs (see|costs (ses|| ||||nots 7)|note 8)|Totals| ||||||E| |Charitable
Activity|||1,381,272|90,753|~1472,025| |DIRECT COSTS OF CHARiTAELE ACTIVITIES-GROUP|||||| |||||2023|2022| |Trustees' remuneration
etc
Slal'f costs
Rent afpremises
Insurarree
Light and heat
Telephone
Pastoral cere casts
Sundries
Traysl.snd subsistence
Global missions
Ministry purchases
(food)
Ministry contractors
Conference costs
Hire cfequipment
Donations,
gifts and Bowers
Honorariums
Printing,
advertiskrg
and publicity
Cleaning
and hygiene costs
Water
hlaintsnance
Small equipment
purchases
and repair||||E
45,0ee
717,261
30,203
17,835
43,745
9,260
2,357
31,297
37,943
141,822
67.165
57,805
13,12IB
27,764
21,056
13,113
17,731
22,277
4,670
7,595
37316|46,935
661,465
28„712
7,796
46,498
10,161
23,946
31,485
165,300
41,536
56,121
7,323
37,048
23,740
12,658
18,886
29.193
5,751
10,691
41,581| |Carried forwanl||||1,356,409|1,306,824| ## ## |||aemane co
forthe year ended 31 March 2023|ntinued|| |---|---|---|---|---| ||DIRECTCOSTS OF|CHARITABLE ACTIVITIES -GROUP -contiriued||| ||||2023|2022| ||Brought forward
Hosting expenses
Training
and development
Security, health and safety stc.
Supply teachers
Management
overheads||2
1,356,409
2,715
7,177
4,066
7,365
3640|1,306,524
6,939
3,455
537
3,063| ||||1r381,272|~1320,820| |8.|SUPPORT COSTS-GROUP|||| ||||Governance|| ||Charitable
Activity|Management
2
69,721|costs
2
21,032|Teleia
2
90,753| ||Support costs, included|iri the above, em as follows:||| ||||2023|2022| ||||Charitable|Total| ||||ActMty|activities| ||Trustees'
remuneration
Postage and stationery
Love in Action|etc|2
22,535
5,734|5
23,467
4,145| ||Depreciation
oftangible
Auditors'
remuneration|assets|(194}
41,646|9,571
51,108| ||Auditors'
remuneration|for non audit|5,090|5,444| ||work|||| ||Professional fees||550|500| ||Interest payable and similar charges||1,554
~13638|6,000
12,578| |||||111613| ## ## ## ## ## ## ## ## |STAFFCOSTS ~ GROUP||| |---|---|---| ||2023|2022f| |Wages and salaries
Social security costs
Other pension costs|713,968
55,746
15,160|565,085
53,428
13,354| ||~784 864|731867| |The average
monthly number
ofemployees|during the year was as follows:|| |---|---|---| ||2023|2022| |Employees|46|50| ## ## |TANGIBLE FIXEDASSETS ~|CHARITY|||| |---|---|---|---|---| |||Fixtures||| ||Freehold|and|Motor|| ||propsriy|5tsngs|vehides|Totals| ||8|5|5|2| |COST||||| |At 1 April 2022
Additions|3,847,796
~5433,903|614,806
8.478|51,475|4,513,877
5442,381| |At 31 March 2623|9.281899|623,084|51,475|~9,958258| |DEPRECIATION||||| |At 1 April 2022
Charge for year|390,051
~2558|550,132
26,490|47,142
~4000|987,325
33,048| |At 31 March 2023|392,609|~576622|~51 142|~1020373| |NET BOOK VALUE||||| |At 31 Maroh 2023|8,889,990|~46462|333|~8,935885| |At 31 March 2622|~3,457 745|64,474|4,333|~3525,552| ## ## |||||Shares tn| |---|---|---|---|---| |||||group| |||||undertaldng| |MARKET VALUE||||5| |At 1 April 2020 and 31 March 2023||||| |NET BOOK VALUE||||| |At 31 March 2023||||| |At 31 March 2022||||| |There were no investrnsnt||assets outside|the UK.|| |The company's
Investments
following:||at the balance|sheet date in the share capital ofcompanies|indude the| |Soul Enterprtse
Trading|Ltd|||| |Registered
office:4Mason
Nature ofbusiness: Trading||Road, Norwich,|NR6 6RF|| |Class ofshare
Ordinary|||holding
100|| ||||2023|2023| |Aggregate
capital and reserves|||9,359|6,681| ## ## |Soul Enterprise
Trading Limited is Induded
In these consolidated
gnancial
DEBTORS.'AMOUNTS
FALLING DUE WITHIN ONE VEAR -CHARITY|statements.|| |---|---|---| |Trade debtors '|2023
8|2022
5| |Amounts
owed by group undertakings
Other debtors|418,280
38,228
51,278|468,552
2,931| |||~472483| |' Trade debtors includes 6318282ofPledged income (2022r 878041K||| ## ## ## ## |CREDITORS, AMOUNTS FAL|CREDITORS, AMOUNTS FAL|CREDITORS, AMOUNTS FAL|LING|DUE WITHIN ONE YEAR ~CHA|RITY|| |---|---|---|---|---|---|---| |Stewardship
loan 'A'
Trade creditors
Snead security and other taxes
Olher creditors
Accruals and deferred income|||||~16771
2023
f
1,231,181
17,017
28,074|2022
f
26,068
14,184
1,530
24,415| ||||||1,2~93043|66,197| |The Stewardship|lean. 'A' was|repaid||in full in April 2023.||| |MOVEMENT
IN FUNDS - CHARITY||||||| ||||||Net|| ||||||movement|At| |Unrestricted
funds||||At 1.4.22|in funds
f|31.3.23
f| |General fund||||4,928,504|801,186|5,729,690| |Restricted funds||||||| |Restricted||||2,932,149|1,308,361|4,240,510| |TOTAL FUNDS||||7,880,653|~2109,547|~9970200| |Net movsmerit
in funds, included|||in the above srs as follows:|||| |||||Incoming|Resources|Movement| |Unrestricted
funds||||resources
f|expended
f|in funds
f| |Unrestricted||||2,274.026|(1.472,840)|801,186| |Restricted filnds||||||| |Restricted||||1,312,904|(4,543)|1,306,361| |TOTAI. FUNDS||||~3588930|~1,477383|2,109,547| |Compsratlves
for movement||in|funds|||| ||||||Het|| ||||||movement|At| |||||At 1A,21
f|in funds
f
f|31,3.22| |Unrestricted
funds||||||| |General fund||||4,305,197|623,307|4,928,504| |Restricted funds||||||| |Restricted||||357,856|2,574.293|2,932,149| |TOTAL FUNDS||||~4663,053|3,197,600|7,860,653| ## ## ## ## |||Incoming|Resoumes|Resoumes|Movement| |---|---|---|---|---|---| |Unresfrl ctsd funds||I'esourcas
axf&ended
f|||In funds
f| |Unrestricted||2,053,172|(triI39,885)||623;307| |Restricted flmds|||||| |Restricted||2,586,074|(11,791)||2,574,293| |TOTAL FUNDS||~4649246|~1,451,548)||~3'197„600| |A current year 12months|and prior year 12mongrs|combined
positiOn isas follows:|||| ||||Nst||| |Unrestricted
funds||At 1.4.21
f|movement
in funds
f||31,3.23| |General
fund
Restrictsd funds||4,305,197|'l,424.493||Bs729690| |Restricted|||||| ||||3,882.654||4,240,510| |TOTAL FUNDS||~4663,053|5,307,147||9970,200| |A current year 12 months
above are ss fogowa|and prior year 12 months|combined net movemsnt
in funds,||Included
in the|| |||incoming|Resources||Movement| |Unrestricted
funds||resources
f|expended
5||in funds| |Unrestricted||4,337,198|(2,912,705)||trt24,493| |Restricted funds|||||| |Restricted||3,,898,978|(16,324)||3,882,554| |TOTAL FUNDS||8,238178|~2929,029)||5,307,147| ## ## ## ## ## ## ## ## ## ||Freehold|Fixtures|Motor|Plant 8|| |---|---|---|---|---|---| |COST|pmperty
6|8 fittings
6|vshloles|machinery
6|Totals| |At 1 April 2022
Additions|3,847,796
5,433,903|614,806
8479|51,475|23,468
4 539|4,537,345
~5446,921| |At 31Matc 2023|9~281,699|823,085|51.475|~28007|~9,984 266| |DEPRECIATION|||||| |At 1 April 2022
Charge foryear|390,051
2555|550,132
26.490|47,142
4.000|4,143
8,599|991,468
41.647| |At31 March 2023|~392 609|~576 622|~51 142|12,742|1033115| |NET SQOK VALIJE|||||| |At 31 March 2023|8~869,090|46,463|333|15,265|~8951 151| |At 31 March 2022|3467,745|~94 474|4,333|~19325|3545677| ## ## ## |CREDITORS: AMOU|NTS FALLING DUE WITHIN O|NE YEAR -GROUP|| |---|---|---|---| |||2023|| |Stewardship
loan 'A'
Trade creditors||1,231,181|| |SoCial security and other taxes
Other creditors||17,282
32,'l86|27,5'l5
14.184| |Accruals and defamed|Income|600
16,771|1830
26,415| |||1,297,979|69,644| ## ||Unrestricted|Restricted|2023
Total|2022
Total| |---|---|---|---|---| ||fund
6|fuhds
8|Funds|Fundsf| |Fixed assets
Net current assets|3,904,373
1,834377|6,048,778
~806.266)|8,951;151
1.028A09|3,545,877
~4,321458| ||5.
D
D|.
~RD|99,580|18lt 3M| ## ||SOUL CHURCH LTD|| |---|---|---| ||DETAE.EDSTATEMENT OF FINANCIAL ACTIVITIES|| ||forths year ended 31March 2923|| ||2023|2022| ||6|6| |INCOIEE AND ENDOWMENTS||| |Donagons
and legaaies||| |Offerings end gifts
Sift aid
Grants|2,393,892
203,870
508,380|2,014,678
202„806
~2,035313| ||3,103,942|4,252,797| |Other trading activities||| |Event ticket sales
Soul Enterprise
Trading Lkl|29,857
~5486|21,821
~43993| |Investment
income|89,323|65,814| |Intsfast|5,600|| |Charftabls
astlvTiies||| |Cafe, books end resources|1'l2|463| |Pre-schemed
childmn
Sundry Income|404,991
~25837|320,616
~39440| ||430940|360,519| |Total inaoming resources|3,629,805|4,679,994| |EXPENDITURE||| |,Other trading activities||| |Cafe and resoume purchases
Saul Enterprise
Trading Ltd|22,314
23439|23,238
20,929| ||45,553|44,167| |Charitable activrgea||| |Trustees' remunemtlan
etc
Wages
Rent ofpremises
Insurance
Light and heat
Telephone
Pastoral care costs
Sundries
Travel and subsistence
Global mbsions
Ministry purchases
(faad)
Ministry contractors
Conference costs
Carried Tarvmrd|45,068
717,261
36,203
17,836
43.745
9,260
2,357
31,297
37,943
141,822
57,165
57,805
13,126
1,204,887|48,935
661,465
28,712
7,798
46,498
10,161
23,946
31,485
165,'aoo
41,536
56,121
7,323
1,127,276| ## |||SOUL CHURCH LTD|SOUL CHURCH LTD|| |---|---|---|---|---| |||DETAILED STATEMENT OF FINANCIALAOIIVITIEB
forthe year ended 31 March 2023||| ||||2023|| |Charitable
activities||||| |Brought forward||||| |Hire ofequipmsnt|||1,204,887|1,127,278| |Donations,
gifts and flowers|||27.784|37,048| |Honorariums|||21,056|23/40| |Printing,
advertising
a'nd publicity
Cleaning
and hygiene costs
Water|||13,113
17,731
22,278|12,858
18586
29,193| |Maintenance
Small squipmsnt
purchases
Hosting expenses||snd repair|4,67ll
7.595
37,318|5,75"I
10,85tl'
41,680| |Training and development
Security, health and safety etc.
Supply teachers|||2,715
7,177
4,055|6939
3,455| |Management
overheads|||7„365
~3540|537
3,063| ||||1,381,272|1320,81'7| |Support costs||||| |Management||||| |Trustees'
remuneration|etc|||| |Postage end stationery
Love in Action|||22,535
5;'734|23.487
4,145| |Depreciation
Oftangible|assets||(I94)
41,546|9,571
51 108| ||||89,721|88,291| |Governance costs||||| |Auditors'
remuneration||||| |Auditors'
remuneration
Professional fess|for non audit work||5,090
550|5,444
500| |Bank and other charges|||1.554
13838|5,000
~12578| ||||21 032|| |Totalresourcss
expended|||~tt7 578|~176797| |Nst income||||| ||||~2112 227|~303197|