**Registered number: 07406467 Charity number: 1138718** ## **AMAZING GRACE WORSHIP CENTRE** **(A Company Limited by Guarantee)** ## **UNAUDITED** **TRUSTEES' REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022** ## **AMAZING GRACE WORSHIP CENTRE** ## **(A Company Limited by Guarantee)** ## **CONTENTS** ||Page| |---|---| |**Reference and Administrative Details of the Charity, its Trustees and Advisers**|1| |**Chairman's Statement**|2| |**Trustees' Report**|3 - 13| |**Independent Examiner's Report**|14| |**Statement of Financial Activities**|15| |**Balance Sheet**|16 - 17| |**Notes to the Financial Statements**|18 - 28| ## **AMAZING GRACE WORSHIP CENTRE (A Company Limited by Guarantee)** ## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2022** ## **Trustees** - Mr Stephen Addai Nimoh, Trustee Mr John Williams, Trustee Mr John Jenking, Trustee Rev Emmanuel Dampare, Trustee ## **Company registered number** 07406467 ## **Charity registered number** 1138718 ## **Registered office** 449 Kingsland Road Dalston Hackney London E8 4AU ## **Company secretary** Mr John Williams ## **Independent Examiner and Accountants** Martin Bailey, FCA Goodman Jones LLP Chartered Accountants 29/30 Fitzroy Square London W1T 6LQ ## **Bankers** National Westminster Bank 20 Amhurst Road London E8 1QZ Page 1 ## **AMAZING GRACE WORSHIP CENTRE (A Company Limited by Guarantee)** ## **SENIOR PASTOR'S REPORT FOR THE YEAR ENDED 31 MARCH 2022** The chairman presents his statement for the year. Amazing Grace Worship Centre comes under the umbrella of Assemblies of God churches in Great Britain. ## Purpose/Vision As a local church our purpose is to promote the worship of God as revealed in Three Persons - Father, Son and Holy Spirit according to the New Testament principles of the Bible - . - We promote evangelism and a strong Christian witness in the community. - We promote spiritual growth in the life of every individual Christian through Bible studies and prayer. - We promote the well-being of our local community especially through prayer. ## Focus Our primary scriptural strategic focus is on prayer. It is absolutely essential at every level of our ministry. We constantly prayed for peace in our country and all those in authority, both locally and nationally, to make the right decisions which affect the lives of the people. Our Saturday prayer meeting continued to attract even nonregistered members of our church in the year under review. ## Social concerns There are a lot of social concerns in Hackney. We believe in a practical ministry that addresses the needs of hurting and helpless people in the community. As a church, we continued to address such needs through counselling, visiting the sick and the elderly. The Men’s Ministry and the Women’s Ministry also had a role to play in addressing some of the social concerns which come under their respective spheres of influence. It is noteworthy to report that our Youth and Young Adults were very active, allowing them to grow into their desired roles through their meetings. This has helped them to build their confidence for responsibilities in the church. Here We Grow - a Sunday School Department at the church - continued to be active in helping the spiritual development of the attendees. ## Challenges The Covid restrictions posed a number of challenges for the church. It affected church attendance and the finances of the church adversely. However we were able to overcome that by having our services on zoom. ## Marriage I am happy to report that there was one marriage which took place in our church. ## Leadership The current leadership was very united and committed to working together as responsible stewards to meet the challenges. Rev. Emmanuel Dampare Pastor Page 2 ## **AMAZING GRACE WORSHIP CENTRE (A Company Limited by Guarantee)** ## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2022** The Trustees present their Annual Report together with the financial statements of the Charity for the year 1 April 2021 to 31 March 2022. The Annual Report serves the purposes of both a Trustees' Report and a Directors' Report under company law. The Trustees confirm that the Annual Report and financial statements of the charitable company comply with the current statutory requirements, the requirements of the charitable company's governing document and the provisions of the Statement of Recommended Practice (SORP) applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) (effective 1 January 2019). Since the Charity qualifies as small under section 382 of the Companies Act 2006, the Strategic Report required of medium and large companies under the Companies Act 2006 (Strategic Report and Directors' Report) Regulations 2013 has been omitted. Objectives and activities ## **a. Policies and objectives** The objectives of the Charity are: - to advance the Christian faith in accordance with the Statement in such ways and in such parts of the United Kingdom or the world as the Trustees from time to time may deem fit; - to relieve sickness and financial hardship and to promote and preserve good health by the provision of funds, goods, or services of any kind including through the provision of counselling and support in such parts of the United Kingdom or the world as the Trustees from time to time may deem fit; and - to advance education in such ways and in such parts of the United Kingdom or the world as the Trustees from time to time may deem fit. In setting objectives and planning for activities, the Trustees have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'. ## **b. Main activities undertaken to further the Charity's purposes for the public benefit** - Wednesday evening prayer, Saturday morning prayer and Sunday morning services (see above) - Monthly Friday night prayer (see above) - Prayer and fasting periods (see above) - Easter Celebration with services held on Good Firday and Easter Sunday - Christmas Celebration Service held on Christmas Eve. - New Year’s Celebration Service held on New Year’s Eve. - Water Baptism of individuals professing their faith in Jesus Christ - Infant Dedications - Solemnisation of Marriages - � Hall Lettings (see above) Page 3 ## **AMAZING GRACE WORSHIP CENTRE (A Company Limited by Guarantee)** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022** ## **Objectives and activities (continued)** ## **c. Activities undertaken to achieve objectives** Regular weekly meetings are held every Wednesday evening, Saturday, and Sunday morning. Saturday morning is the main prayer meeting during which a wide range of individual needs are prayed for, confidentially as required, with counselling provided straight after or at other more convenient times. Needs include health, unemployment, financial problems, family/relationship issues, court/immigration matters, spiritual, emotional and behavioural issues. These prayer meetings are open to members and non-members alike, plus Christians and non-Christians. It is well attended and highly valued. Sunday morning is the main bible teaching and preaching time accompanied with prayer, singing, praise and worship. The bible teaching uses material personally prepared by the Pastor on a quarterly basis entitled ‘Here We Grow’. The singing, praise and worship time is one of huge inspiration aided by the skilful team of resident singers and musicians (drummers, pianists, guitarist, PA technicians). Our members and visitors grow their bible knowledge and confidence in their Christian faith. Guest preachers are occasionally invited to preach the sermon. Wednesday evening prayer is a further opportunity to support and intercede for other peoples needs and challenges. The young people gather straight after each Sunday service for informal fellowship, encouragement and often focus on the musical instruments they have been playing during the services. The musicians meet regularly to practice to ensure the highest quality support of praise and worship every Sunday morning. They will also actively maintain their instruments and the related PA system. Monthly meetings are held on the second Wednesday of each month for the men’s and women’s departments to come together for bible sharing fellowship and encouragement, and to plan their programme of activities for the forthcoming months. All night-prayer meetings are held regularly, usually on the last Friday of the designated month. This enables members/visitors to sacrificially spend extended periods of time supporting other people’s needs through prayer. Periodic days of prayer and fasting are held throughout the year to help sharpen the church’s focus on prayer and commitment to service. Evangelism leafleting in the local Dalston area has been undertaken several times throughout the year. Regular Church Council Meetings (deacons/trustees/directors) are held throughout the year typically once or twice a month or more frequently as required, to discuss and make decisions on governance, finance, projects and departmental matters. Hall letting was a large and significant feature of the activities this year. Given the large size of our hall the hire costs were very competitive. Consequently, scores of enquires were received with several dozen converting into actual confirmed hall bookings. The hall hire purposes were varied, as were the hirers' ethnicities. The church has a number of professionals who can sign passports, provide job references, assist with completing forms, and provide free music coaching. Page 4 ## **AMAZING GRACE WORSHIP CENTRE (A Company Limited by Guarantee)** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022** ## **Achievements and performance** ## **a. Review of activities** **DEPARTMENTS LEADER’S REPORT** - Stephen Addai-Nimoh (Elder in charge of the Departments) Reporting on departments of AGWC: The Men’s Ministry; The Women Ministry; Youth Ministry; and Sunday School (Here We Grow) Ministry. The Men Ministry predominantly occupies the major offices in the Church organisation. The men provide services that include Preaching and Teaching, Church Administration, and the maintenance of the church building. The men observed and celebrated their Day, i.e., Men’s Day. The Women meet more regularly than all other ministries. The Annual Women’s Day was well celebrated, and they also supported one of the member’s wedding ceremonies. They occasionally provide meals to support members when there is a birthday celebration. The Youth Ministry met on many occasions, sometimes with other Youth Movements from sister churches. The Youth have a comprehensive programme to discuss and equip themselves with the knowledge of God. The Sunday School Ministry has been remarkably effective with the study of the word of God. The materials used and the teaching processes have been very helpful and imparting. The materials used this year was centred on ‘Family Affairs’ prepared by Pastor Emmanuel Dampare.The main goal of the ministry is to equip members with the wisdom of God, knowledge and understanding of Christian development. All the ministries are determined to improve and do better in the future. Reporting: Stephen Addai-Nimoh (Elder and Trustee) ## **WOMEN’S MINISTRY LEADER’S REPOR** T - Madeline Santulu In 2021/2022 the Women’s Ministry met once monthly. We agreed to continue meeting on Zoom as the Covid restrictions were still in place. We met on Zoom every 2nd Friday of the Month, to pray on various topics affecting us, the community, the country, and the world. In April our ladies continued planning for the church trip for 2023, led by our Sister Maureen Williams. This trip is to help the old and new members of the church to bond together more. June 20th was Father’s Day and the ladies helped with the food preparations and decorations. August 29th, 2021, was a very exciting time as the church celebrated its 50th Anniversary of the church. On the same day we celebrated Pastor Emmanuel’s 30years of dedicated service to the church. We also celebrated the dedication and commitment of the deacons and long-standing members of the church. The women helped decorate the hall and did all the cooking for the occasion, it was indeed well celebrated, we saw the will of God working in the women of the church, the lord brought out gifts in some women who mostly would not participate, it was a great joy working alongside our church leaders in unity. The women’s annual celebrations day was held on 26th September 2021. The women lead the whole service on that Sunday. We had a Skit by Sister Maureen, Madeline and Deo and we played out Pettifer’s wife and Joseph. Prayer was offered by Mummy Taylor, Exhortation by Sister Salome, Sister Betty lead Worship, it was a joy to watch, and everyone learned something from the play and the Psalm 51 read by our Sister Maureen. October, November continued meeting and planning for the Christmas Party. Page 5 **AMAZING GRACE WORSHIP CENTRE (A Company Limited by Guarantee)** **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022** ## **Achievements and performance (continued)** December 2021 helped with Christmas party food preparations laying out tables and chairs. January 2022 introduced posting prayer topics on our group chat so we can be praying for a week on the same topic. February still planning and preparing for the church trip for 2023. March 2022 was the happiest day of Amazing Grace Worship Centre since we got to decorate the Hall for our dear Sister Deo’s wedding which was held on 26th of March, the women were proud to decorate the hall for our brother and sister’s special day. Mother’s Day was held on 27th March 2022, the ladies oversaw the whole service that day led by Sister Betty for worship and prayer. It was wonderful just after the wedding we went to celebrate our Mother’s Day following day. We still have our women taking care of the cleaning and distribution of funds to help with the cost of food contributions. The year has been uncertain, but we have the lord with us in these uncertain times. We thank the lord that despite the Covid restrictions we have continued to do the work of God and we thank him for the restrictions being dropped slowly one by one. We thank the lord for his divine protection over our lives. Madeline Santulu: Women’s Lead Betty Adenimoh: Women’s Lead Assistant Susan Kyeremeh: Secretary Maureen Williams: Assistant Secretary ## **SECRETARY'S REPORT** - John Williams ## Leadership Amazing Grace Worship Centre maintained productive relationships with our fellow denominational church leaders regionally and nationally, facilitated by the pastor and secretary attending periodic AoG regional conferences. A ‘Stronger Together’ theme for co-operation and collaboration, instituted from AOG GB senior, zone, area, and hub leadership. Pastor attended the AoG GB Conference 2021 Wed 5 – Fri 7 May 2021 (online, Zoom large meeting), plus AoG Area, Zone and Hub Meetings as they arose. The Church Council and other leaders in the church met regularly throughout the year to re-state the church vision and plan towards events and growth throughout the year, and navigate the challenges created by the last 2 years’ of Covid-19 lockdowns and restrictions. We became the Amazing Grace Worship Centre as of 1 January 2011. The Clapton Christian Centre was dissolved on the 31 January 2011. In 2021 the church was 50 years old (under AoG) on 3 April 2021. The church will have been in our current Dalston location as Amazing Grace Worship Centre 11 years next year. We have 5 more years remaining on our lease, meaning on current terms, we will need to vacate this Page 6 ## **AMAZING GRACE WORSHIP CENTRE (A Company Limited by Guarantee)** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022** ## **Achievements and performance (continued)** building in January 2027. Pastor Emmanuel was 30 years as pastor of this church in September 2021 after joining the church following graduation from the AoG Mattersey Bible College in July 1991. Several overall departmental meetings were held over the year including Church General meetings to report on and share the general progress the church has been making. ## Guest Speakers Guest speakers at our church this year were predominantly all in-house from our pastor, deacons and leaders. ## Evangelism Evangelism has remained on a personal level throughout the year, seeing occasional new faces. Sister Pat leads the evangelism effort. She goes out most Saturdays often accompanied by with a small team (typically Zan and Salome) distributing leaflets and holding up a placard designed and made by her and Brother Clifford, engaging the public in discussions. Pastor and deacons previously met with a rep from the Graham Tour, for our church to be a Partner Church supporting a series of crusades across eight UK cities, led by Billy Graham’s son, Franklin Graham. COVID-19 coupled with hostile venue cancellations prevented it from proceeding, though it was now actively being planned across smaller number of cities. As soon as the opportunity arose (before the start of this report date) to return to meeting in person following which we did so immediately (in Dec 2020). Other churches continued over Zoom, YouTube, etc, not meeting in person until June/July of this year. Some congregations across the country have seen their face to face attendance drop by up to 80% because of COVID’s impact. We have fortunately been spared that level of atrophy ## Prayer Prayer and Fasting sessions took place in Easter Fri 2 April – Sun 4 April, Summer (Thu 6 Aug 20 – Sat 8 Aug 20) and then during the week prior to Christmas (Thu 16 Dec 20 – Sat 18 Dec 20). We meet every Saturday morning in person to pray, and we meet every Wednesday evening via Zoom to pray. 24 Hour Prayer Chain on the last Friday of every month. Started end Oct 19 and continued through 2020, 2021 and into 2022, with 1-hour slots for members to elect to pray throughout. Zoe Anorson’s Cross-Denominational Prayer Breakfast’s. This was hosted several times throughout the year in London churches and online, which was supported by our church. ## Dedication/Baptism An infant dedication was undertaken on Sun 27 Jul. Several candidates completed the baptism preparation class with Pastor Emmanuel this year. The baptism service will be set when all candidates are available. Page 7 ## **AMAZING GRACE WORSHIP CENTRE (A Company Limited by Guarantee)** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022** ## **Achievements and performance (continued)** ## Men’s Ministry Sun 20 June – Men’s Ministry Day and Father’s Day. The men lead the service. The men have supported the running of the church in many ways, ie, prayer, music, PA system, preaching, administration, finance and building facilities management, lettings support. ## Women’s Ministry The women are very active meeting at least once a month and working well together to support and promote various church activities. Including prayer, visitation, worship leading, hospitality and cleaning. The women did great job in delivering their Women’s Ministry Day with the theme on Sun 3 Oct, and arranging the Church Christmas Banquet on Sun 19 Dec. Sis Madeline worked with and developed plans with an organiser for our building to host a “Wellness Event London Expo & Award Dinner” on Sat 3 July 2021 which was unfortunately subsequently cancelled due to Covid concerns. ## Young Adults/Youth The young people held their Annual Youth Day on Sun 1 Aug Two of our latest university graduates are now working in various roles both outside and inside of the church, Supporting the church IT/AV and music/worship areas. Another of our graduates qualified professionally and moved from London for new job opportunity. Another, continues on a basketball scholarship at a US university, finishing shortly. Our young adults have begun leading worship on a regular basis, rehearsing, and working very well together, making a wonderful impact on the Sunday morning service praise and worship atmosphere. We have registered with Fusion, the university student Christian networking and support group for students studying at London universities/colleges close to our church. We are currently dormant on this platform. ## Sunday School The ‘Here We Grow’ bible study booklets for our Sunday School are personally compiled by our Pastor Emmanuel Dampare. The main two theme covered over this report period have been ‘Marital Relationships’, and ‘Family Affairs’. The content has proved to be extremely helpful and timely and valued by all the members who have been participating. ## People/Church This year the church’s 50th anniversary was on 3 April 2021, and our pastor’s 30 anniversary of service to the church was on 6 July 2021. We decided to celebrate both wonderful milestones with a special joint Thanksgiving Service on Sunday 29 August 2021. The Women’s Ministry were the backbone to making this happens with the food preparation, cakes, new curtains, sewing and hanging, tables and chairs decoration. Previous members and pastors of the church were Page 8 ## **AMAZING GRACE WORSHIP CENTRE (A Company Limited by Guarantee)** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022** ## **Achievements and performance (continued)** invited. A welcome number attended though not as many as for the 25th anniversary 5 years ago, caused in part by COVID impacts. Church Christmas Service and Banquet was held on Sun 19 Dec on conclusion of the Prayer and Fasting. Bereavements: we saw a number of our brothers and sisters lose parents and siblings this year, so we have supported them all in prayer and practically. ## Fellowship/Community We’ve maintained contact with the local community policing office (De Beauvoir Ward Neighbourhood Policing Team). We receive periodic calls, lately mainly via Twitter, regarding policing news and crime in the areas, eg anti-social behaviour, key drug dealer arrests, burglaries, local community meetings. The Church Summer BBQ was held in August 2021 where we enjoyed great weather company with invited friends and family members. Church Week Retreat – Centre Parcs in May – due to COVID impacts a much-reduced number was able to attend. It was nevertheless a lovely break. 457-459 Refurbishment: A lot of building works and disruption had been caused by these works though we enjoyed a very good and collaborative working relationship with the 457-459 landlord. The works, so far as they affect us have now been virtually complete. Sat 3 Jul: Women’s Health and Wellness Event – the organiser decided to cancel this event due to reduce interest arising from COVID concerns. It would have otherwise been an excellent community engagement event which had secured a special guest speaker, Tessa Sanderson, former Olympic Women’s Javelin Champion. ## Lettings We have had many lettings enquiries in the last. We use various channels to market the hall including our external noticeboard, Venue Scanner, HireSpace, HallsHire.com, iLondon (part of iGroup), mycommunityspace.org.uk, Gumtree, HealthStaffDiscounts.com (part of the NHS), Yell.com, our website, and latterly, increasingly, by word of mouth. St Gabriel's Ethiopians Church – continue with regular letting of the ground floor, plus occasional additional hires of the first floor. Celebration Of God (AD) Brazilian Church – begun hiring our first floor hall every Saturday evening. We have another church with advanced plans to begin hiring our first floor every Sunday late afternoon through early evening. This will probably be the last new regular weekly weekend hire we accept. Any additional ones would need to be weekdays only. Otherwise, we had lots, and lots, of churches enquiring about hiring space from us for weekly church services, and met with several of them, plus others including, islamic/hindu groups, trade/charity/event organisers, especially after the full lifting of COVID restrictions earlier this year. - Fri 16 Apr – Funeral Reception - Fri 30 Apr – Funeral Reception - 7-11 Jun – Quarterly British Council week of ACCA exams – Blue Agile Services (2 exam sittings per day) Page 9 ## **AMAZING GRACE WORSHIP CENTRE** ## **(A Company Limited by Guarantee)** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022** ## **Achievements and performance (continued)** - 4 Jul – Eritrean Church Community Meeting Hire - Wed 21 Jul - Funeral Reception - 25 Jul – Ethiopian Member Celebration Hire - Thu 5 Aug - Funeral Reception - Sun 26 Sep – St Gabriel’s EOTC “Finding Of The True Cross” - Fri 12 Nov - Funeral Reception - Sat 30 Oct – Funeral Reception - Fri 8-Sun 10 Oct – NSN (Night-time Spiritual Nutrition) 3-day Christian Conference - Sun 31 Oct – Ethiopian Community Meeting & Meal - Sat 20 Nov – Wedding Celebration - Mon 15 – Mon 29 Nov – Dalston Filming Project (Production Office for Hinterland Pictures Ltd, c/o Sabina Smitham) - Sat 25 Dec – 50th Birthday Party - Tue 28 Dec 2021 – Annual St Gabriel’s Service – the last of a scheduled series of monthly and annual special celebration services for 2021. - 26th, 31st, Dec & 1st Jan – Church Services Hire – CSWM (Christian Spiritual Warfare Ministries) Church - 6/7 Jan 2022 – St Gabriel’s Ethiopian Orthodox Church’s Christmas Midnight Mass Service - 22/23 Jan 2022 - St Gabriel’s Ethiopian Orthodox Church’s Epiphany Midnight Mass Service - 27 Mar 2022- A wedding plus reception was solemnised and hosted for two church members from our church. - Numerous other enquirers declined to proceed with bookings or cancelled bookings when we made clear the noise restrictions in place to avoid disturbing neighbours. - 457-459 Refurbishment: A lot of building works and disruption had been caused by these works though we enjoyed a very good and collaborative working relationship with the 457-459 landlord. The works. So far as they affect us have virtually now complete. - 3 Jul: Women’s Health and Wellness Event – the organiser decided to cancel this event due to reduce interest arising from COVID concerns. It would have otherwise been an excellent community engagement event which had secured a special guest speaker, Tessa Sanderson, former Olympic Women’s Javelin Champion. ## Finance Income is balancing/exceeding expenditure most months except for the rent payment month each quarter. Our Gift Aid scheme was re-designated to AGWC with HMRC. Givers are periodically reminded of Gift Aid. This has been critically important – critically important to the church. We do thank God for his marvellous provision through the wonderful giving of his people, including the giving /support from Walthamstownians, the Saturday Prayer Group, and the very generous and sustained sacrificial giving of our own members. We do not rely on grants or sponsors nor government funding. We have also deployed a channel of financial giving via a mobile app called GIVT. Secure, easy, quick, anonymous, and gift aid-able. We also have a chip and pin machine, for tithes/offering via card payments, contactless for payments up to £100. Pay by text, standing order, etc available. Page 10 ## **AMAZING GRACE WORSHIP CENTRE (A Company Limited by Guarantee)** **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022** ## **Achievements and performance (continued)** ## Drop-In Centre This 219 Glyn Road facility has been taken back from RCCG and is now back under our control to be used as we see fit. ## Residential Flat In May/June the 219A Glyn Road flat had internal and external repairs done, plus two windows and all internal blinds replaced, plus obligatory electrical compliance works undertaken. ## Administration/Building We have maintained good relationships with our professional services providers, accountants, solicitors, letting agent, insurance company, mortgage providers. Our 449 landlord has indicated he wants to develop the premises keeping us as a church at the heart of the plans. It very early days at the moment. As matters develop and we learn more we will brief our members and stakeholders. He also has planning permission for an adjacent property which affects our property. Following a lull from Spring 2020 during the Covid period, he has now had several visits this year for engineers and architects to move this along. He has not shared any further information on his plans with us. Further details are anticipated in the months following the end of this report end date. Relatively small amounts of refurbishment/improvements were done including tiling the kitchen, re-tiling both toilets, rear room hall door wall plastering/painting, plus painting and varnishing the stairwell. Need still remains to invite and develop discussion of ideas for the use of the refurbished ground floor hall beyond St Gabriel’s. This will also include use of the first-floor hall. The ideas will underpin our church vision mission of evangelism and community engagement, will move focus away from large evening/late night lettings to smaller, community friendly activities and lettings, and possible enterprise activities. This will probably involve tailoring the various spaces depending on the interest and commitment we get from outside bodies/individuals. We met with St Gabriel’s and agreed they fit curtains to cover all their wall icons plus a support curtain cable/wite to cover the front temple. We provided the curtain to hang from this cable. This installation helped remove the distraction from the artwork that other viewers and users would encounter, increasing likelihood of letting this space. Before anything of value is stored downstairs, additional enhanced security will be required. Various minor building maintenance/repair works continue to be carried out to ensure the building remained safe, secure, weather-tight and water-tight. Secured British Gas’s Initial Breakdown/Service Contract Boilers Inspection/Service visit on 16 April after 3 months of cancellations (need a ‘low loss header’ installation plus other remedial works) 449: Minor refurbishment works (additional kitchen sockets, boiler bonding, connecting-up oven, and air conditioning unit). Page 11 ## **AMAZING GRACE WORSHIP CENTRE (A Company Limited by Guarantee)** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022** Financial review ## **a. Going concern** After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies. ## **b. Reserves policy** It is the policy of the Charity that funds should be maintained at a level equivalent to between three and six months' recurring expenditure. The Trustees consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Charity's current activities while consideration is given to ways in which additional funds may be raised. At the balance sheet date, the Charity held general reserves totalling £578,053 (2021: £556,982). The Charity holds fixed assets and investments totalling £753,718 (2021: £754,942). The Trustees continue to examine all opportunities to generate unrestricted funds. ## **c. Review of the year** We are very grateful for the generous support of members of the Church. Expenditure has increased on the prior year. The Trustees have reviewed the current accounting systems and processes of the Charity as part of a review of operations and individuals' duties. Professional advice has been sought regarding improvements to the Charity's accounting function, and in respect of the preparation of the annual financial statements. ## **d. Principal risks and uncertainties** Amazing Grace Worship Centre leadership meet regularly to ensure any financial risks are exposed quantified and plans put in place to mitigate them. We carefully monitor income and expenditure to ensure we are operating within our means. We take steps to maximise income through promotion and operation of Gift Aid on a monthly basis. We have periodic reviews of rent we charge the tenants of our properties in Dalston and Clapton to ensure we are getting the best deal. We limit expenditure to necessary items. We prioritise financial obligations to HMRC and other legal/statutory bodies and health and safety before addressing other demands. Structure, governance and management ## **a. Constitution** Amazing Grace Worship Centre is registered as a charitable company limited by guarantee and was set up by a Memorandum of Association dated 4th October 2010 and is a registered charity number 1138718 and under company number 07406467. ## **b. Methods of appointment or election of Trustees** The management of the Charity is the responsibility of the Trustees who are elected and co-opted under the terms of the Memorandum of Association. Page 12 ## **AMAZING GRACE WORSHIP CENTRE (A Company Limited by Guarantee)** ## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2022** ## **Structure, governance and management (continued)** ## **c. Organisational structure and decision-making policies** The church is in fellowship with the Assemblies of God in Great Britain and holds membership with both the Evangelical Alliance and Churches Together ln England. The Pastor attends an annual Assemblies of God conference plus several other regional meeting pertaining to the management and direction of the fellowship and consequently the local church. Through involvement in other local inter-denominational initiatives, the church is able to steer direction for the overall Christian voice in the locality. The Church has the Pastor plus caretakers of hired events that are paid employees. All other staff are very hard-working, committed volunteers. ## **Statement of Trustees' responsibilities** The Trustees (who are also the directors of the Charity for the purposes of company law) are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). Company law requires the Trustees to prepare financial statements for each financial . Under company law, the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the Trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles of the Charities SORP (FRS 102); - make judgements and accounting estimates that are reasonable and prudent; - state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business. The Trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Approved by order of the members of the board of Trustees and signed on their behalf by: ................................................ **Mr John Williams** Trustee Date: 26-01-23 Page 13 **AMAZING GRACE WORSHIP CENTRE (A Company Limited by Guarantee)** ## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2022** ## **Independent Examiner's Report to the Trustees of Amazing Grace Worship Centre ('the Charity')** I report to the charity Trustees on my examination of the accounts of the Charity for the year ended 31 March 2022. ## **Responsibilities and Basis of Report** As the Trustees of the Charity (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). Having satisfied myself that the accounts of the Charity are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the Charity's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act. ## **Independent Examiner's Statement** I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe: 1. accounting records were not kept in respect of the Charity as required by section 386 of the 2006 Act; or 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or 4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities [applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)]. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. This report is made solely to the Charity's Trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustees those matters I am required to state to them in an Independent Examiner's Report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustees as a body, for my work or for this report. Signed: Dated: 26-01-23 ## **Martin Bailey, FCA** Goodman Jones LLP 29/30 Fitzroy Square London W1T 6LQ Page 14 ## **AMAZING GRACE WORSHIP CENTRE** ## **(A Company Limited by Guarantee)** ## **STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 MARCH 2022** |**Note**
**Income from:**
Donations and legacies
3
Investments
4
**Total income**
**Expenditure on:**
Raising funds
Charitable activities
**Total expenditure**
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Unrestricted**
**funds**
**2022**
**£**
**99,467**
**85,315**
**184,782**
**10,830**
**152,881**
**163,711**
**21,071**
**556,982**
**21,071**
**578,053**|**Total**
**funds**
**2022**
**£**
**99,467**
**85,315**
**184,782**
**10,830**
**152,881**
**163,711**
**21,071**
**556,982**
**21,071**
**578,053**|_Total_
_funds_
_2021_
_£_
_110,347_
_63,865_
_174,212_
_-_
_196,386_
_196,386_
_(22,174)_
_579,156_
_(22,174)_
_556,982_| |---|---|---|---| The Statement of Financial Activities includes all gains and losses recognised in the year. The notes on pages 18 to 28 form part of these financial statements. Page 15 ## **AMAZING GRACE WORSHIP CENTRE (A Company Limited by Guarantee) REGISTERED NUMBER: 07406467** ## **BALANCE SHEET AS AT 31 MARCH 2022** |**Note**
**Fixed assets**
Tangible assets
8
Investments
9
Investment property
10
**Current assets**
Debtors
11
Cash at bank and in hand
Creditors: amounts falling due within one
year
12
**Net current liabilities**
**Total assets less current liabilities**
Creditors: amounts falling due after more
than one year
13
**Net assets excluding pension asset**
**Total net assets**
**Charity funds**
Restricted funds
14
Unrestricted funds
14
**Total funds**|**48,254**
**6,081**
**54,335**
**(114,250)**|**2022**
**£**
**1,718**
**2,000**
**750,000**
**753,718**
**(59,915)**
**693,803**
**(115,750)**
**578,053**
**578,053**
**-**
**578,053**
**578,053**|_46,952_
_9,832_
_56,784_
_(122,483)_|_2021_
_£_
_2,942_
_2,000_
_750,000_
_754,942_
_(65,699)_
_689,243_
_(132,261)_
_556,982_
_556,982_
_-_
_556,982_
_556,982_| |---|---|---|---|---| The Charity was entitled to exemption from audit under section 477 of the Companies Act 2006. The members have not required the company to obtain an audit for the year in question in accordance with section 476 of Companies Act 2006. The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and preparation of financial statements. The financial statements have been prepared in accordance with the provisions applicable to entities subject to the small companies regime. Page 16 ## **AMAZING GRACE WORSHIP CENTRE** ## **(A Company Limited by Guarantee)** ## **BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2022** The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by: ................................................ **Mr John Williams** Trustee Date: 26-01-23 The notes on pages 18 to 28 form part of these financial statements. Page 17 ## **AMAZING GRACE WORSHIP CENTRE (A Company Limited by Guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022** ## **1. General information** Amazing Grace Worship Centre is a charitable company registered in England and Wales. The registered office is 449 Kingsland Road, Dalston, Hackney, London, E8 4AU. The objects of the Charity are set out in the Trustees' Report. The Charity is a company limited by guarante. In the event that the Charity is wound up, the liability in respect of the guarantee is limited to £1 per member. ## **2. Accounting policies** - 2.1 Basis of preparation of financial statements The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006. Amazing Grace Worship Centre meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. - 2.2 Going concern After making appropriate enquiries, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. The Charity is reliant upon public donations and rental income but there is no evidence that these have been significantly impacted by the Covid-19 pandemic, although the Charity did obtain a bounceback loan in June 2020. Accordingly, the Trustees do not believe that there is a material uncertainty regarding the going concern status of the Charity and continue to adopt the going concern basis in preparing the financial statements. ## 2.3 Fund accounting General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charity and which have not been designated for other purposes. Investment income, gains and losses are allocated to the appropriate fund. - 2.4 Income All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable. Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service. Page 18 ## **AMAZING GRACE WORSHIP CENTRE (A Company Limited by Guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022** ## **2. Accounting policies (continued)** ## 2.5 Interest receivable Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the Charity; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited. ## 2.6 Expenditure Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Expenditure on raising funds includes all expenditure incurred by the Charity to raise funds for its charitable purposes and includes costs of all fundraising activities events and non-charitable trading. Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs. All expenditure is inclusive of irrecoverable VAT. ## 2.7 Tangible fixed assets and depreciation Tangible fixed assets are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably. Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost. Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, . Depreciation is provided on the following basis: - Fixtures and fittings 4 years straight line Page 19 **AMAZING GRACE WORSHIP CENTRE (A Company Limited by Guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022** ## **2. Accounting policies (continued)** ## 2.8 Investments and investment properties Fixed asset investments are a form of financial instrument and are initially recognised at their transaction cost and subsequently measured at fair value at the Balance Sheet date, unless the value cannot be measured reliably in which case it is measured at cost less impairment. Investment gains and losses, whether realised or unrealised, are combined and presented as ‘Gains/(Losses) on investments’ in the Statement of Financial Activities. Investments held as fixed assets are shown at cost less provision for impairment. Investment properties are held at open market value on an existing use basis. Investment properties are subject to regular third party valuations by qualified chartered surveyors, supported by annual reviews by the Trustees. ## 2.9 Debtors Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. ## 2.10 Cash at bank and in hand Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. - 2.11 Liabilities and provisions Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost. ## 2.12 Financial instruments The Charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. ## 2.13 Pensions The Charity operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charity to the fund in respect of the year. Page 20 ## **AMAZING GRACE WORSHIP CENTRE** ## **(A Company Limited by Guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022** ## **3. Income from donations and legacies** |Donations
_Total 2021_|**Unrestricte**
**d funds**
**2022**
**£**
99,467
_110,347_|**Total**
**funds**
**2022**
**£**
**99,467**
_110,347_|_Total_
_funds_
_2021_
_£_
_110,347_| |---|---|---|---| ||||| ## **4. Investment income** |Rental income from investment properties
Interest income
_Total 2021_|**Unrestricte**
**d funds**
**2022**
**£**
85,193
122
85,315
_63,865_|**Total**
**funds**
**2022**
**£**
**85,193**
**122**
**85,315**
_63,865_|_Total_
_funds_
_2021_
_£_
_63,452_
_413_
_63,865_| |---|---|---|---| ||||| ## **5. Analysis of expenditure by activities** |Charitable activities
_Total 2021_|**Activities**
**undertaken**
**directly**
**2022**
**£**
109,818
_159,950_|**Support**
**costs**
**2022**
**£**
43,063
_36,437_|**Total**
**funds**
**2022**
**£**
**152,881**
_196,387_|_Total_
_funds_
_2021_
_£_
_196,387_| |---|---|---|---|---| |||||| Page 21 **AMAZING GRACE WORSHIP CENTRE (A Company Limited by Guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022** ## **5. Analysis of expenditure by activities (continued)** ## **Analysis of support costs** |Depreciation
Insurance
Gas, electric & water
Repairs & maintenance
Travel & transport
Donations
Telephone & internet
Printing, postage & stationery
Legal & professional
Independant examination
Bank charges
Interest paid
Motor expense
Sundry
Equipment hire
_Total 2021_|**Religious**
**services**
**2022**
**£**
1,224
2,612
3,682
4,650
-
6,062
1,268
5,615
900
5,150
1,230
9,415
1,255
-
-
43,063
_36,437_|**Total**
**funds**
**2022**
**£**
**1,224**
**2,612**
**3,682**
**4,650**
**-**
**6,062**
**1,268**
**5,615**
**900**
**5,150**
**1,230**
**9,415**
**1,255**
**-**
**-**
**43,063**
_36,437_|_Total_
_funds_
_2021_
_£_
_671_
_13,196_
_(27,345)_
_17,432_
_383_
_6,303_
_2,739_
_100_
_3,485_
_9,180_
_7,518_
_820_
_529_
_181_
_1,245_
_36,437_| |---|---|---|---| Page 22 ## **AMAZING GRACE WORSHIP CENTRE (A Company Limited by Guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022** ## **6. Net income/(expenditure)** This is stated after charging: |Depreciation of tangible fixed assets
- owned by the charity|**2022**
**£**
**1,224**
**1,224**|_2021_
_£_
_671_
_671_| |---|---|---| During the year, no Trustees received any remuneration for their role as a trustee (2021 - £Nil). During the year, no Trustees received any benefits in kind (2021 - £Nil). During the year, no Trustees received any reimbursement of expenses (2021 - £Nil). ## **7. Staff costs** |Wages and salaries
Social security costs
Contribution to defined contribution pension schemes|**2022**
**£**
**61,352**
**843**
**142**
**62,337**|_2021_
_£_
_49,442_
_620_
_88_| |---|---|---| |||_50,150_| The average number of persons employed by the Charity during the year was as follows: |Pastor
Caretaker|**2022**
**No.**
**1**
**1**
**2**|_2021_
_No._
_1_
_-_| |---|---|---| |||_1_| No employee received remuneration amounting to more than £60,000 in either year. Page 23 ## **AMAZING GRACE WORSHIP CENTRE (A Company Limited by Guarantee)** |**NOTES TO THE FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 MARCH 2022**|| |---|---| |**8.**
**Tangible fixed assets**
Cost or valuation
At 1 April 2021
At 31 March 2022
Depreciation
At 1 April 2021
Charge for the year
At 31 March 2022
Net book value
At 31 March 2022
_At 31 March 2021_
**9.**
**Fixed asset investments**
Cost or valuation
At 1 April 2021
At 31 March 2022
Net book value
At 31 March 2022
_At 31 March 2021_|**Fixtures and**
**fittings**
**£**
**13,140**
**13,140**
**10,198**
**1,224**
**11,422**
**1,718**
_2,942_
**Other fixed**
**asset**
**investments**
**£**
**2,000**
**2,000**
**2,000**
_2,000_| Page 24 ## **AMAZING GRACE WORSHIP CENTRE (A Company Limited by Guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022** ## **10. Investment property** |Valuation
At 1 April 2021
At 31 March 2022|**Freehold**
**investment**
**property**
**£**
**750,000**| |---|---| ||**750,000**| The investment properties were valued in the 2017 by a firm of qualified chartered surveyors, on an open market value for existing use basis. The Trustees have considered the valuation of these properties, including an impact arising as a result of the Covid-19 pandemic, and consider there to be no change in the valuation this year. ## **11. Debtors** |Due within one year
Trade debtors
Other debtors
Prepayments and accrued income|**2022**
**£**
**28,744**
**17,875**
**1,635**
**48,254**|_2021_
_£_
_25,673_
_17,993_
_3,286_| |---|---|---| |||_46,952_| Page 25 ## **AMAZING GRACE WORSHIP CENTRE (A Company Limited by Guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022** ## **12. Creditors: Amounts falling due within one year** |Bank loans
Other loans
Trade creditors
Other creditors
Accruals and deferred income|**2022**
**£**
**18,065**
**10,850**
**20**
**53,675**
**31,640**
**114,250**|_2021_
_£_
_10,656_
_10,850_
_45,275_
_27,365_
_28,337_| |---|---|---| |||_122,483_| Other loans represent monies advanced to the Charity by members of the congregation. Included within the above figure carried forward is an amount of £4,600 (2021: £4,600) due to the wife of one of the Trustees. All of the loans are unsecured, interest free and repayable on demand. ## **13. Creditors: Amounts falling due after more than one year** ||**2022**|_2021_| |---|---|---| ||**£**|_£_| |Bank loans|**115,750**|_132,261_| Bank loans represent a bank loan subject to interest at 6.35%, secured against the Charity's investment properties, and is due for repayment in April 2037, and a bounceback loan of £22,398 due for repayment in 4 years. Page 26 ## **AMAZING GRACE WORSHIP CENTRE** ## **(A Company Limited by Guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022** |**14.**
**Statement of funds**
**Statement of funds - current year**
**Balance at 1**
**April 2021**
**£**
Unrestricted funds
General Funds
**556,982**
**Statement of funds - prior year**
_Balance at_
_1 April 2020_
_£_
Unrestricted funds
General Funds
_579,156_
**15.**
**Analysis of net assets between funds**
**Analysis of net assets between funds - current year**
Tangible fixed assets
Fixed asset investments
Investment property
Current assets
Creditors due within one year
Creditors due in more than one year
Total|**Income**
**£**
**Expenditure**
**£**
**184,782**
**(163,711)**
_Income_
_£_
_Expenditure_
_£_
_174,212_
_(196,386)_
**Unrestricted**
**funds**
**2022**
**£**
1,718
2,000
750,000
54,335
(114,250)
(115,750)
578,053|**Balance at**
**31 March**
**2022**
**£**
**578,053**
_Balance at_
_31 March_
_2021_
_£_
_556,982_
**Total**
**funds**
**2022**
**£**
**1,718**
**2,000**
**750,000**
**54,335**
**(114,250)**
**(115,750)**
**578,053**| |---|---|---| Page 27 ## **AMAZING GRACE WORSHIP CENTRE (A Company Limited by Guarantee)** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2022** ## **15. Analysis of net assets between funds (continued)** ## **Analysis of net assets between funds - prior year** |Tangible fixed assets
Fixed asset investments
Investment property
Current assets
Creditors due within one year
Creditors due in more than one year
Total|_Unrestricted_
_funds_
_2021_
_£_
_2,942_
_2,000_
_750,000_
_56,784_
_(122,483)_
_(132,261)_
_556,982_|_Total_
_funds_
_2021_
_£_
_2,942_
_2,000_
_750,000_
_56,784_
_(122,483)_
_(132,261)_
_556,982_| |---|---|---| ## **16. Related party transactions** Excluding those items disclosed elsewhere in the notes to the financial statements, there were no related party transactions requiring disclosure in either the current or prior years. ## **17. Controlling party** The Charity is under the control of the Board of Trustees. No individual has overall control. Page 28