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|||Page|
|---|---|---|
|Company
Information|||
|Trustees'
Report||2to 3|
|Independent
Examiner's|Report||
|Statement ofFinancial|Activities||
|Balance Sheet|||
|Statement
ofCashflows|||
|Notes to the Financial Statements||Sto14|
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|||||||2023|2022|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
|||||funds|Funds|funds|funds|
||||Note|6|8|8||
|INCOME||||||||
|Income from:||||||||
|Donations
and grants||||363,567|406,683|770,250|497,964|
|Income from charitable|activities|||112,833||112,833|91,267|
|Other trading
activities||||77412||77412|23781|
|Total income||||553812|406683|960495|613012|
|EXPENDITURE||||||||
|Expenditure
on:
Raising funds
Expenditure
on charitable||activities|5|43,036
469 767|199211|43,036
668978|32,685
656494|
|Total expenditure||||512803|199211|~712
14|~68917|
|hlet income/(expenditure)||before transfers||41,009|207,472|248,48'I|(76,167)|
|Gross transfers
between||funds||206|206|||
|Net movement
in funds||||40,803|207,678|248,481|(76,167)|
|Total funds brought
forward||||2858977|74173|2933150|~09317|
|TOTAL FUNDS CARRIED FORWARD||||||||
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||||2023|2022|
|---|---|---|---|---|
|Cash flows from operating|activities||||
|Net income/(expenditure)
for the year|||248,481|(76,167)|
|Adjustments
for:|||||
|Depreciation|||5,238|4,993|
|(Increase)/decrease
in debtors|||(3,323)||
|Increase/(decrease)
in creditors|||9936|6271|
|Net cash from/(used
in) operating
activities|||260332|64903|
|Cash flows from investing|activities||||
|Purchase oftangible
fixed assets|||74 582||
|Net cash used in investing|activities||~74 582||
|Change
in cash and cash|equivalents|in the year|185,750|(64,903)|
|Cash and cash equivalents
Cash and cash equivalents|brought forward
carried forward||325331
~1|3902|
|Analysis ofcash and cash|equivalents||||
|Cash at bank and
in hand|||||
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|INCOME FROM DONATIONS|INCOME FROM DONATIONS|AND GRANTS||2023|2022|
|---|---|---|---|---|---|
|||||E|E|
|Donations
for expansion|fund|||303,665|5,605|
|General donations||||363,874|390,541|
|Donations
for overseas||||57,400|56,256|
|Other||||45,311|45,562|
|||||770,250|497,964|
|INCOME FROM CHARITABLE||ACTIVITIES||2023f|2022
E|
|Families||||31,385|18,403|
|Discipleship||||10,712|9,161|
|General
Ministries||||6,468|3,334|
|Harbour shop||||29,753|40,627|
|Conferences||||34,515|19,742|
|||||112,833|91,267|
|INCOME FROM OTHER|TRADING ACTIVITIES|||2023|2022|
|Galley Coffee Shop||||48,284|15,472|
|Properly
income
Other sales||||6,552
22,576|6,734
1,575|
|||||77,412|23,781|
|EXPENDITURE ON CHARITABLE ACTIVITIES||||||
||||||2023|
|||Activities undertaken|directly|Supportcosts|Total|
||||||E|
|Families|||27,430|64,962|92,392|
|Discipleship|||16,388|21,655|38,043|
|General
Ministries|||20,930|259,848|280,778|
|Harbour shop|||73,261|64,962|138,223|
|Conferences|||24,664|21,655|46,319|
|Global Missions|||60,667||60,667|
|Other|||12556
RRKGK||12556
~7|
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|SUPPORT|COST||S|||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||General|Harbour||2023|
||||Families
5||Discipleship
f|||Ministries|shop
9|Conferences
5|Total|
|Salaries||||41,339||13,780||165,357|41,339|13,780|275,595|
|Other staff costs||||1,789|||597|7,157|1,789|597|11,929|
|Office costs||||2,492|||830|9,965|2,492|830|16,609|
|Professional|fees|||6,353||2,118||25,412|6,353|2,118|42,354|
|Property costs||||8,688||2,896||34,754|8,688|2,896|57,922|
|Depreciation||||786|||262|3,142|786|262|5,238|
|Other||||3,065||1,022||12,261|3,065|1,022|20,435|
|Governance|costs|||450|||150|1 800|450|150|3 000|
|||||~62||21|655||6442|~21|433382|
|GOVERNANCE||COSTS||||||||2023|2022|
||||||||||||5|
|Independent|examiner's|||fee||||||ZEQ||
|NET INCOME IS|||STATED AFTER|||CHARGING||||2023|2022|
|||||||||||8||
|Depreciation||||||||||5,238|4,993|
|Independent|Examiner|||fee||||||3,000||
|Other accountancy
Pension costs|||services|||||||6,360
4,301|4,416|
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|STAFF COSTS||2023|2022|
|---|---|---|---|
|||F|6|
|Wages and Salaries||255,530|254,128|
|Social Security
Pension
contributions||15,764
4,301|17,202
4,416|
|||275,595|275,746|
|||2023|2022|
|Average number ofstaff||||
|Charitable
activities||17|15|
|||17|15|
|Full Time equivalent||10||
|No employee
received remuneration|of660,000or more.|||
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||for the|for the|year ended 3|1Augu|st 2023|||||
|---|---|---|---|---|---|---|---|---|---|
|11.|TANGIBLE FIXEDASSETS|||||||||
||||Assets|in||||||
|||Freehold|Course|of|Fixtures|&||||
|||property|Construction||Fittings|||Total||
||Cost|||||||||
||At 1 September 2022|2,588,466|||208,81||5|2,797,281||
||Additions||41 693||32$89|||74|582|
||At 31 August 2023||41 693|||||||
||Depreciation|||||||||
||At 1 September 2022||||188,842|||188,842||
||Charge for the year||||5238|||5|238|
||At 31August 2023|||||||||
||Net book value
At 31August 2023|~4|4~19||47 624|||~77||
||At 1 September 2022||||1962|||||
|12.|DEBTORS FALLING DUE WITHIN 1||YEAR||||2023|2022||
||||||||F|||
||Trade debtors||||||75|||
||Prepayments||||||3,248|||
||||||||3,323|||
|13.|CREDITORS FALLING DUE WITHIN||1 YEAR||||2023||2022|
||||||||6|||
||Trade creditors||||||576|||
||Accruals||||||9,980||620|
|||||||10,556|||620|
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|||||Balance|Income,|Income,|Expenditure,|Balance|
|---|---|---|---|---|---|---|---|---|
||||1|September|transfers||transfers|31 August|
|||||2022|~an|aine|and losses|2023|
|||||F||||8|
|Designated|fund|||151,297||||151,297|
|Accumulated|income|fund||2707 680||553606|~512803|2748483|
|||||||553606|||
|||||Balance|Income,|Expenditure,|Balance|
|---|---|---|---|---|---|---|---|
|||||1 September|transfers|transfers|31August|
|||||2022|aann**d**tlaans|and losses|2023|
|||||6|||E|
|Expansion|fund|||5,605|315,521|(68,284)|252,842|
|Restricted|general||donations|48,832|40,536|(74,443)|14,925|
|Overseas donations||||6,088|20,390|(23,685)|2,793|
|Harbour grants|||||28,310|(28,310)||
|Compassion||ministries||6,053|740|(2,976)|3,817|
|Other||||7595|1 392|~1513|7474|
|NALYSIS|OF NET||ASSETS|BETWEEN FUNDS||||
||||||Tangible|Net||
||||||fixed|current||
||||||assets|assets|Total|
||||||5||5|
|Restricted|fund|||||281,851|281,851|
|Unrestricted||funds|||2677783|221 997|2 899780|
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|Total|future
minimum
lease payables
under no|n-cancellable
operating
lease are a|s follows:|
|---|---|---|---|
|Land|and buildings:|2023f|2022f|
|Within
Within|one year
one to five years|10,000
17,500|6,250
27,500|
|||27,500|33,750|
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