2022-02-28-accounts - Revelation Community

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

four months. Our	reserves at	the end ofthe y	ear comprise:
Restricted funds
Funds invested in	leasehold	property		f393,753
Funds for projects				67 903
				6401,656
Unrestricted funds
Amounts invested	in fixed assets (designated		funds)	629,170
General funds (free reserves)				6121090
				F150,260
Total				6551 916

						Period
						1.4.21
						to	Year Ended
						28.2.22	31.3.21
				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
			Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies				149,751	9,997	159,748	235,824
Charitable activities
Services to other charities				2,998	33,112	36,110	38,138
Grants received to run	projects			250	5,064	5,314	37,768
Other trading activities				8,299		8,299	10,516
Investment income				89		89	248
Total				161,387	48,173	209,560	322,494
EXPENDITURE ON
Charitable activities
Charitable activities				207,817	109,083	316,900	366,584
Total				207,817	109,083	316,900	366,584
NET INCOME/(EXPENDITURE)				(46,430)	(60,910)	(107,340)	(44,090)
Transfers between funds			16	~1,030)	1,030
Other recognised gains/(losses)
Gains/(losses) on revaluation		offixed assets					(208,865)
Net movement in funds				(47,460)	(59,880)	(107,340)	(252,955)
RECONCILIATION	OF FUNDS
Total funds brought	forward			197,720	461,536	659,256	912,211
TOTAL FUNDS CARRIED		FORWARD		150,260	401,656	551,916	659,256

					2022	2021
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
		Notes
FIXEDASSETS
Tangible assets		12	29,170	393,753	422,923	491,453
CURRENT ASSETS
Debtors		13	16,579		16,579	7,122
Cash at bank			121,125	7,903	129,028	169,694
			137,704	7,903	145,607	176,816
CREDITORS
Amounts falling due within	one year	14	(16,614)		(16,614)	(9,013)
NET CURRENT ASSETS			121,090	7,903	128,993	167,803
TOTAL ASSETSLESSCURRENT
LIABILITIES			150,260	401,656	551,916	659,256
NET ASSETS			150,260	401 656	551,916	659,256
FUNDS		15
Unrestricted funds					150,260	197,720
Restricted funds					401,656	461,536
TOTAL FUNDS					551,916	659,256

			Period
			1.4.21
			to	Year Ended
			28.2.22	31.3.21
		Notes
Cash flows from operating	activities
Cash generated from operations			~40,755)	(164,549)
Net cash (used in)/provided	by operating	activities	~40,755)	(164,549)
Cash flows from investing	activities
Purchase oftangible fixed assets				(3,069)
Sale oftangible fixed assets				211,700
Interest received			89	248
Net cash provided by investing activities			89	208,878
Change in cash and cash equivalents		in
the reporting period			(40,666)	44,329
Cash and cash equivalents	at the
beginning ofthe reporting	period		169,694	125,364
Cash and cash equivalents	at the end	of
the reporting period			129,028	169,694

ACTIVITIES
				Period
				1.4.21
				to	Year Ended
				28.2.22	31.3.21
Net expenditure for the reporting		period (as per the Statement	of
Financial Activities)				(107,340)	(252,955)
Adjustments for:
Depreciation charges				68,530	81,125
Loss on disposal offixed assets					1,046
Interest received				(89)	(248)
(Increase)/decrease in debtors				(9,457)	14,569
Increase/(decrease) in creditors				7,601	~8,686
Net cash (used in)/provided	by operations			L40,755)	(169,594)

ANALYSIS OF CHANGES IN NET	FUNDS
	At 1.4.21	Cash flow	At 28.2.22
Net cash
Cash at bank	169,694	40,666	129,028
	169,694	40,666	129,028
Total	169,694	40,666	129,028

Short leasehold	Over period oflease
Fixtures and fittings	20% on cost
Motor vehicles	20% on cost
Office A activities equipment	33%on cost

2.	DONATIONS	DONATIONS	AND LEGACIES	AND LEGACIES
							Period
							1.4.21
							to	Year Ended
							28.2.22	31.3.21
	Donations						134,209	198,632
	Gift aid						25 539	37,192
							159,748	235,824
3.	OTHER TRADING ACTIVITIES
							Period
							1.4.21
							to	Year Ended
							28.2.22	31.3.21
	Administrative		recharges receivable		(unrestricted)		8,299	10,516
4.	INVESTMENT			INCOME
							Period
							1.4.21
							to	Year Ended
							28.2.22	31.3.21
	Deposit account			interest			89	248
5.	INCOME	FROM CHARITABLE			ACTIVITIES
							Period
							1.4.21
							to	Year Ended
							28.2.22	31.3.21
	Services to other charities						36,110	38,138
	Grants						5,314	37,768
							41,424	75,906
6.	CHARITABLE			ACTIVITIES COSTS
							Support
						Direct	costs (see
						Costs	note 7)	Totals
	Charitable	activities				204,432	112,468	316,900

						Governance
					Other	costs	Totals
Charitable	activities				108,191	4,277	112,468
Support costs,			included	in the above, are as follows:
Other
						Period
						1.4.21
						to	Year	Ended
						28.2.22	31.3.21
						Charitable		Total
						activities	activities
Staffcosts						10,044	42,812
Premises						15,148		13,788
Insurance						5,408		4,648
Office costs						5,078		5,208
Communications						3,042		1,132
Subscriptions			and 1icences			2,689
Depreciation			oftangible	fixed assets		66,782	73,029
						108,191	140,617
Governance			costs
						Period
						1.4.21
						to	Year Ended
						28.2.22	31.3.21
						Charitable		Total
						activities	activities
Professional		fees				2, 198		7,165
Independent		examiner		fee		2,079		1,980
						4,277		9,145

Net income/(expenditure) is stated after charging/(crediting):
	Period
	1.4.21
	to	Year Ended
	28.2.22	31.3.21
Depreciation - owned assets Deficit on disposal offixed assets	68,530	81,125 1,047

STAF	F COSTS
		Period
		1.4.21
		to	Year Ended
		28.2.22	31.3.21
Wages Social	and salaries security costs	123,631 3,122	171,940 5,222
Other	pension costs	9,682	22,162
		136,435	199324

Period
1.4.21
to	Year Ended
28.2.22	31.3.21
8.7	8.2

COMPARATIVES FOR TH MARCH 2021)	E STATEMENT OF FI	NANCIAL ACTIVITIES	(YEAR ENDED	31sT
		Unrestricted	Restricted	Total
		funds	funds	funds
INCOME AND ENDOWMENTS FROM
Donations and legacies		211,624	24,200	235,824
Charitable activities
Services to other charities		38,138		38,138
Grants received to run projects		25,268	12,500	37,768
Other trading activities		10,516		10,516
Investment income		248		248
Total		285,794	36,700	322,494
EXPENDITURE ON
Charitable activities
Church pastoral and teaching		201,248	43,201	244,449
Christian mission and relief
		8,366	9,165	17,531
Youth and children's work		54,642	16,538	71,180
Community projects
		11,545	21,879	33,424
Total		275,801	90,783	366,584
NET INCOME/(EXPENDITURE)		9,993	(54,083)	(44,090)
Transfers between funds		11,260	~)),260)
Other recognised gains/(losses) Gains/(losses) on revaluation offixed assets		(201!,865)		(208,865)
Net movement in funds		(187,612)	(65,343)	(252,955)
RECONCILIATION OF FUNDS
Total funds brought forward		385,332	526,879	912,211
TOTAL FUNDS CARRIED	FORWARD	197,720	461,536	659,256

TANGIBLE FIXEDASSETS
		Fixtures	Office 4,
	Short	and	activities
	leasehold	fittings	equipment	Totals
COST
At 1st April 2021 and 28th February 2022	555,381	24,483	105,789	685,653
DEPRECIATION
At 1st April 2021	110,718	9,115	74,367	194,200
Charge for year	50,910	3,866	13,754	68,530
At 28th February 2022	161,628	12,981	88,121	262,730
NET BOOK VALUE
At 28th February 2022	393753	11,502	17 668	422,923
At 31stMarch 2021	444,663	15,368	31,422	491,453

			2022	2021
Trade debtors			4,034	3,128
Other debtors			5,863	3,994
Prepayments	and accrued income		6,682
			16,579	7, 122
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
			2022	2021
Trade creditors			6,349	2,233
Social security and other taxes			2,248	3,373
Other creditors			4,304	1,321
Accruals and	deferred	income	3,713	2,086
			16,614	9,013

MOVEMENT IN FUN	DS
			Net	Transfers
			movement	between	At
		At 1.4.21	in funds	funds	28.2.22
Unrestricted funds
General fund		150,929	(28,809)	(1,030)	121,090
Other fixed asset reserve		46,791	~)7,621)		29,170
		197,720	(46,430)	(1,030)	150,260
Restricted funds
Building Fund capitalised		444,663	(50,910)		393,753
Corona fund		6,176	(3,226)	(2,950)
Roots Assemblies		4,605	(1,500)		3,105
Further Education		4,000	(3,350)		650
Blessings Love Christmas Fund		2,092	(894) ~1,030)	2,950 1,030	4, 148
		461,536	~60,910	1,030	401,656
TOTAL FUNDS		659,256	()07,340)		551,916
MOVEMENT IN FUNDS - continued
Net movement in funds,	included	in the above are as follows:
			Incoming	Resources	Movement
			resources	expended	in funds
Unrestricted funds
General fund			161,387	(190,196)	(28,809)
Other fixed asset reserve				~)7,621)	~)7,621)
			161,387	(207,817)	(46,430)
Restricted funds
Building Fund capitalised				(50,910)	(50,910)
Heart project			267	(267)
Corona fund				(3,226)	(3,226)
Roots Assemblies				(1,500)	(1,500)
Further Education				(3,350)	(3,350)
Blessings			4,479	(5,373)	(894)
Love Christmas Fund			4,275	(5,305)	(1,030)
Bell Tower Anna Oliver Memorial	Fund		37,907 1,245	(37,907) ~1,245)
			48,173	~109,083	~60,910
TOTAL FUNDS			209,560	(3 16,790)	(107,340)

Comparatives for	movement in funds
			Net	Transfers
			movement	between	At
		At 1.4.20	in funds	funds	31.3.21
Unrestricted funds
General fund		103,836	34,357	12,736	150,929
Orchard Street Building Fund		208,865	(208,865)
Events k, Courses		1,476		(1,476)
Other fixed asset reserve		71,155	$24,364)		46,791
		385,332	(198,872)	11,260	197,720
Restricted funds
Building Fund capitalised		500,141	(52,202)	(3,276)	444,663
Active communities	against trafficking	561	(561)
Refugee funds		1,738	(627)	(1,111)
City Angels		15,723	(4,850)	(10,873)
Heart project Corona fund		8,716	(8,716) 6,176		6,176
Roots Assemblies			4,605		4,605
Further Education				4,000	4,000
Blessings			2,092		2,092
		526,879	~54,083	11,260	461,536
TOTAL FUNDS		912,211	(252,955)		659,256

Comparative net mo	nt in funds, included	in the above are a	s follows:
		Incoming	Resources	Gains and	Movement
		resources	expended	losses	in funds
Unrestricted funds
General fund		285,794	(251,437)		34,357
Orchard Street Building Other fixed asset reserve	Fund		~24,364)	(208,865)	(208,865) ~24,364)
		285,794	(275,801)	(208,865)	(198,872)
Restricted funds
Building Fund capitalised Active communities against trafficking		2,945	(55,147) (561)		(52,202) (561)
Refugee funds City Angels Heart project Corona fund		100 6,416 11,250	(627) (4,950) (15,132) (5,074)		(627) (4,850) (8,716) 6,176
Roots Assemblies		10,000	(5,395)		4,605
Blessings Love Christmas Fund		2,988 3,001	(896) ~3,001)		2,092
		36,700	~90,783		~54,083
TOTAL FUNDS		322,494	i366,584)	(208,865)	(252,955)

				Net	Transfers
				movement	between	At
			At 1.4.20	in funds	funds	28.2.22
Unrestricted funds
General fund			103,836	8,074	11,706	123,616
Orchard Street Building		Fund	208,865	(208,865)
Events 8c Courses			1,476		(1,476)
Other fixed asset reserve			71,155	~41,985)		29,	170
			385,332	(242,776)	10,230	152,786
Restricted funds
Building Fund capitalised			500,141	(103,112)	(3,276)	393,753
Active communities	against trafficking		561	(561)
Refugee funds			1,738	(627)	(1,111)
City Angels			15,723	(4,850)	(10,873)
Heart project			8,716	(8,716)
Corona Fund				2,950	(2,950)
Roots Assemblies				3,105		3,105
Further Education				(3,350)	4,000		650
Blessings Love Christmas Fund				1,191 ~),030)	2,950 1,030	4,	141
			526,879	~)15,000	10,230	401,649
TOTAL FUNDS			912,211	(357776)		554,435