|||Pape|| |---|---|---|---| |Report ofthe Trustees|1|to|10| |Report ofthe Independent
Auditors|11|to|14| |Consolidated
Statement ofFinancial Activities||15|| |Consolidated
Statement ofFinancial Position||16|| |Charity Statement ofFinancial Position||17|| |Consolidated
Statement ofCash Flows||18|| |Notes to the Consolidated
Statement ofCash Flows||19|| |Notes to the Financial Statements|20|to|37| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||2021|2020| |---|---|---|---|---|---|---| ||||Unrestricted|Restricted|Total|Total| |||Notes|funds
E|funds
I|fundsI|funds
6| |INCOME AND ENDOWMENTS|FROM|||||| |Donations
and legacies||2|2,690,018|196,911|2,886,929|2,845,299| |Charitable
activities||4||||| |Direct Charitable
Events and ministry
Transfer from old charity|||22,138
881||22,138
881|119,181
2,321,849| |Investment
income
Other income|||4,746||4,746|1,408
~72 331| |Total|||2,717,783|196,911|2,914,694|5,360,068| |EXPENDITURE ON||||||| |Charitable
activities||||||| |Direct Charitable|||1,724,463|133,687|1,858,150|1,620,689| |Grants Payable
Events and ministry
Redevelopment|||326,482
144,690
6,106|10,640
11,973|337,122
156,663
6,106|346,254
392,622| |Total|||2,201,741|156,300|2,358,041|2(359,565| |NET INCOME|||516,042|40,611|556,653|3,000,503| |Transfers between
funds||19|~1231989|~1231989)||| |Other recognised gains/(losses)
Actuadial
gains on defined benefit schemes|||~15000||~15000|| |Net movement
in funds|||1,763,031|(1,191,378)|571,653|3,000,503| |RECONCILIATION
OF FUNDS||||||| |Total funds brought forward|||5,938,483|1,277,474|7,215,957|4,215,454| |TOTAL FUNDS CARRIED FORWARD|||~7701 514|~86 096|~7787 610|~7215957| ## ## |||||2021|2020| |---|---|---|---|---|---| |||Unrestricted|Restricted|Total|Total| |FIXEDASSETS|Notes|funds
I|funds
I|funds
I|funds
6| |Tangible assets
Social investments|12
13|997,772
6699913||997/772
6 699915|888,649
3979891| |||7,697,685||7,697,685|4,868,540| |CURRENT ASSETS|||||| |Debtors
Cash at bank||263,552
1 286 927|86 096|263,552
1373023|218,247
3634316| |||1,550,479|86,096|1,636,575|3,852,563| |CREDITORS|||||| |Amounts
falling due within one year|15|(351,174)||(351,174)|(216,146)| |NET CURRENT ASSETS||1199305|86096|1285401|3 636417| |TOTAL ASSETS LESSCURRENT LIABILITIES||8,896,990|86,096|8,983,086|8,504,957| |CREDITORS|||||| |Amounts
falling due after more than one year|16|(1,191,476)||(1,191,476)|(1,270,000)| |PENSION LIABILITY|20|(4,000)||(4,000)|(19,000)| |NET ASSETS||7101514|86096|7787610|7215957| |FUNDS|19||||| |Unrestdicted
funds
Restricted
funds||||7,701,514
86D96|5,938,483
1 277474| |TOTAL FUNDS||||7 78761D|7215957| ## ## ||||||2021|2020| |---|---|---|---|---|---|---| ||||Unrestricted|Restricted|Total|Total| |||Notes|funds
I|funds
I|funds
6|fundsI| |FIXEDASSETS||||||| |Tangible assets
Social investments||12
13|873,117
6 699913||873,117
6699913|888,649
3979891| ||||7,573,030||7,573,030|4,868,540| |CURRENT ASSETS||||||| |Debtors||14|391,207||391,207|218,247| |Cash at bank|||1200 613|86186|1366 709|3634316| ||||1,671,820|86,096|1,757,916|3,852,563| |CREDITORS||||||| |Amounts
falling|due within one year|15|(341,754)||(341,754)|(216,146)| |NET CURRENT|ASSETS||13311066|86096|1416162|3636417| |TOTAL ASSETSLESSCURRENT LIABILITIES|||8,903,096|86,096|8,989,192|8,504,957| |CREDITORS||||||| |Amounts
falling|due after more than one year|16|(1,1917476)||(1,191,476)|(1,270,000)| |PENSION LIABILITY||20|(4,000)||(4,000)|(19,000)| |NET ASSETS|||77D762D|86096|7793716|7215957| |FUNDS||19||||| |Unrestricted
funds
Restricted funds|||||7,707,620
86096|5,938,483
I 277 474| |TOTAL FUNDS|||||7793716|7 215957| ||Notes|2021I|2020| |---|---|---|---| |Cash flows from operating
activities|||| |Cash generated
from operations|||~2602 551| |Net cash provided
by operating
activities||~648968|~2602 551| |Cash flows from investing
activities|||| |Purchase oftangible
fixed assets
Purchase ofsocial investments
Sale oftangible
fixed assets
Interest received||(133,706)
(2,720,022)
~4746|(2,697,489)
(3,654,891)
2,000,000
~1408| |Net cash used
in investing
activities||2 848982|4350972| |Cash flows from financing
activities|||| |New loans in year
Loan repayments
in year||~61279|1,060,000| |Net cash (used in)/provided
by financing|activities|~61279)|~1060000| |Change
in cash and cash equivalents
the reporting
period
Cash and cash equivalents
at the|in|{2,261,293)|(688,421)| |beginning
ofthe reporting
period||~3634316|~432
737| |Cash and cash equivalents
at the end|of||| |the reporting
period||~1373023|~3634316| ## ## |RECONCILIATION
OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES|RECONCILIATION
OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES|RECONCILIATION
OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES|| |---|---|---|---| |||2021
E|2020
I| |Net income for the reporting
Financial Activities)|period (as per the Statement of|556,653|3,000,503| |Adjustments
for:
Depreciation
charges
Profit on disposal offixed assets
Interest received||24,583
(46746)|23,917
(72,331)
(1,408)| |Increase
in debtors
Increase/(decrease)
in creditors||(45,305)
~117783|(52,106)
~296 024| |Net cash provided
by operations||~648968|~2602 551| |ANALYSIS OF CHANGES IN NET FUNDS/(DEBT)|||| ||At 1/4/20
I|Cash flow
I|At 31/3/21
6| |Net cash|||| |Cash at bank|3 634 o 6|~2 261293|1 373023| ||3 634 316|~2 262 293|1 373 D23| |Debt|||| |Debts falling due within
1year
Debts falling due after I year|(165,000)
~1270 000|(23245)
78 524|(188245)
~1191476| ||~2435 DDD|55 279|~2379 721| |Total|~2199316|~22D6 014|~6690| ## ## ## ## ## ## ## |under aperating
leases are charged tothe stateinent
ofthe lease,|under aperating
leases are charged tothe stateinent
ofthe lease,|offina ndal activities|on a straight-line
basis|over the lifeti| |---|---|---|---|---| |DONATIONS
AND LEGACIES—CONSOLIDATED||AND CHARITY||| |Donations
and grants
Church
planting
donations|||2021I
2,886,929|2020I
2,748,594
96705| ||||~2886929|~2845 299| |INVESTMENT INCOME - CONSOLIDATED AND||CHARITY||| |Deposit account interest
Other interest receivable|||2021I
588
~4158|2020I
1,408| ||||~4746|~1408| |INCOME FROM CHARITABLE ACTIVITIES - CONSOLIDATED AND|||CHARITY|| |Other charitable
income
Events income
Ministry
income
Other charitable
income
Transfer of funds from|Activity
Direct Charitable
Events and ministry
Events and ministry
Events and ministry||2021
6
22,138
881|2020I
39,925
18,259
60,997| |unincorporated
charity|Transfer from old charity|||~221 849| ||||23019|~2441030| ## ## ## |Consolidated||||| |---|---|---|---|---| ||||Governance|| |Direct Charitable
Redevelopment||Management
f
1,488|costs
E
10,260
~4920|Totals
E
11,748
~4920| |||~1488|~15180|16668| |Support costs, included|in the above, are as follows:|||| ## ||||||2021|2020| |---|---|---|---|---|---|---| ||||||Direct|Total| ||||||Charitable|activities| |Legal and|professional|fees|||f
~1488|E
~1152| |Governance costs||||||| ||||||2021|2020| ||||Direct||Total|Total| ||||Charitable|Redevelopment|activities|activities| |Auditors'
Auditors'|remuneration
remuneration|for non audit work|E
3,060
~7200|3,300
~1620|f
6,360
8820|f
3,060
~3030| ||||~10260|4 920|~15 180|~6090| |Charity|||||Governance|| |||||Management|costs|Totals| |Direct Charitable||||E
~1488|f
~10260|E
~LL 748| |Support costs, included||in the above, are as follows:||||| |Management||||||| ||||||2021|2020| ||||||Direct|Total| ||||||Charitable|activities| |Legal and|professional|fees|||f
~1488|E
~1152| ## ## |SUPPORT COSTS - c|SUPPORT COSTS - c|ontinued||| |---|---|---|---|---| |Governance costs -||charity|2021|2020| ||||Direct|Total| ||||Charitable|activities| ||||6|I| |Auditors'
Auditors'|remuneration
remuneration|for non audit work|3,060
~7200|3,060
~3030| ||||~10260|~6090| ## ## ## |Consolidated
Net income/(expenditure)
is stated after charging/(crediting):||| |---|---|---| ||2021
6|2020I| |Auditors'
remuneration|6,360|3,060| |Auditors'
remuneration
for non audit work
Depreciation - owned assets
Surplus
on disposal offixed assets|8,820
24,583|3,030
23,917
~72 331)| |Charity||| |Net income/(expenditure)
is stated aRer charging/(crediting):|2021|2020| ||6|6| |Auditors'
remuneration|3,060|3,060| |Auditors'
remuneration
for non audit work
Depreciation
-owned assets
Surplus on disposal offixed assets|7,200
24,583|3,030
23,917
~72331)| ## ## ## ## ## ## |Wages and salaries
Social security costs
Other pension costs|||2021
969,382
121,486
~175082|2020f
801,408
107,073
~198641| |---|---|---|---|---| ||||~1265950|~1107122| |The average
monthly|number ofemployees|during the year was as follows:||| |Administration
Ministry|||2021
14
32|2020
13
33| ||||46|| ## ## ## |Consolidated
and charity||||| |---|---|---|---|---| |||Unrestricted|Restricted|Total| |INCOME AND ENDOWMENTS|FROM|funds
f|funds|fundsf| |Donations
and legacies||2,534,562|310,737|2,845,299| |Charitable
activities||||| |Events and ministry
Transfer from old charity||119,181
2,321,849||119,181
2,321,849| |Investment
income
Other income||1,408
72331||1,408
72 331| |Total||5,049,331|310,737|5,360,068| |11.|COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES -continued|COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES -continued|COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES -continued|COMPARATIVES FORTHE STATEMENT OF FINANCIAL ACTIVITIES -continued|| |---|---|---|---|---|---| ||||Unrestricted|Restricted|Total| ||||funds|funds|funds| ||||I|I|6| ||EXPENDITURE ON||||| ||Charitable
activities||||| ||Direct Charitable||1,703,493||1,703,493| ||Grants
Payable
Events and ministry||304,308
392,622|41,946|346,254
392,622| ||Other income||(82,804)||(82,804)| ||Total||2,317,619|41,946|2,3597565| ||NET INCOME||2,731,712|268,791|3,000,503| ||Transfers between|funds|I 775388|~1775 388|| ||Net movement
in|funds|4,507,100|(1,506,597)|3,000,503| ||RECONCILIATION|OF FUNDS|||| ||Total funds brought forward||1,431,383|2,784,071|4,215,454| ||TOTAL FUNDS CARRIED FORWARD||~5938483|~1277 474|~7215957| |12.|TANGIBLE FIXED|ASSETS|||| ||Consolidated||||| ||||Improvements|Fixtures|| |||Freehold|to|and|| |||property
I|property
I|fittings
I|Totals
I| ||COST||||| ||At 1April 2020
Additions|769,820|163,240|32,363
~133706|965,423
~133706| ||At 31 March 2021|~769 820|~163240|~166069|1~099 129| ||DEPRECIATION||||| ||At 1April 2020
Charge for year|193246
~19246|29,383
~3265|28,145
~2072|76,774
~24 583| ||At 31 March 2021|~38 492|~32648|~30217|~101357| ||NET BOOK VALUE||||| ||At 31 March 2021|731328|~130 592|~135852|~997772| ||At 31 March 2020|~750 574|~133857|~4218|~888 649| ## ## ## |Consolidated
and charity
Programme
related
investments|||| |---|---|---|---| |||Other|| ||Loans|investments|Totals| ||E|E|| |MARKET VALUE|||| |At 1April 2020
New
in year|325,000|3,654,891
2 720 022|3,979,891
2 720 022| |At 31March 2021|325 000|6374913|6699913| |NET BOOK VALUE|||| |At 31 March 2021|325 000|6 374~13|6699913| |At 31March 2020|325 000|3651891|3979891| ## ## ## ## ## |Consolidated||| |---|---|---| ||2021|2020| ||I|I| |Other debtors|31,142|150,449| |Gift aid debtor|117,668|35,069| |Prepayments|~114742|~32729| ||~263 552|~218 247| |Charity|2021
I|2020
I| |Other debtors
GiR aid debtor
Prepayments|158I797
117,668
~114742|150,449
35,069
~32 729| ||~391 207|~218247| ## ## ## |Consolidated|||| |---|---|---|---| |||2021|2020| |Bank loans and overdrafts
(see note 17)
Other loans (see note 17)
Social security and other taxes
Accrued expenses||I
36,578
151,667
35,730
~127199|25,000
140,000
30,890
~20 256| |||~351 174|216 146| |Charity|||| |||2021|2020| |Bank bans and overdrafts
(see note 17)
Other loans (see note 17)
Social security and other taxes
Accrued expenses||5
36,578
151,667
35,730
~117779|I
25,000
140,000
30,890
~20 256| |||~341754|216 146| ## ## ## ## ||||||2021|2020| |---|---|---|---|---|---|---| |Bank
Other|loans
loans|(see
(see|note
note|17)
17)|1,008,143
183333|I
1,025,000
245 000| ||||||~1191476|~1270000| ## ## ## ## |An analysis|ofthe maturity|of loans is given below:|of loans is given below:||| |---|---|---|---|---|---| |||||2021|2020| |||||E|E| |Amounts
falling due within
Bank loans||one year on demand:||36,578|25,000| |Otherloans||||~151667|140000| |||||~188 245|~165 000| |Amounts
falling between
Bank loans - 1-2 years
Other loans - 1-2 years||one|and two years:|44,525
~21667|50,000
~21 667| |||||~66 192|~71 667| |Amounts
falling due between
Bank loans - 2-5 years
Other loans - 2-5 years|||two and five years:|114,666
~75 000|150,000
~65 000| |||||189,666|215,000| |||||2021|2020| ||||||E| |Amounts
falling
due in more than five years:|||||| |Repayable
by instalments:
Bank loans more 5 yr by
Other loans more Syrs||instal||848,952
86,666
~935 618|825,000
158/33
~983 333| ## ## |Minimum
lease payments
under non-cancellable
operatin|g
leases fall due as follows:|| |---|---|---| ||2021|2020| ||E|E| |Within one year
Between one and five years
In more than five years|ISII650
128I469|102,475
126I594
~5000| ||~280 119|~234 069| ## ## ## |Consolidated||||| |---|---|---|---|---| |||Net|Transfers|| |||movement|between|At'| |Unrestricted
funds|At 1/4/20|in funds
I|funds
I|31/3/21
5| |General
fund|5,938,483|531,042|1,231,989|7,701,514| |Restricted funds||||| |Giving
Fund - Specific Gifts
Building
ForThe Future
Reach Global
Redeemer
QP
The Boathouse Aus|271,166
1,001,318
4,990|(30,138)
57,043
(142)
2,364
~11484|(173,628)
(1,058,361)|67,400
4,848
2,364
~11484| ||1277 474|40 611|~5233 989|85 096| |TOTAL FUNDS|7215957|571653||~7787610| ||Incoming|Resources|Gains and|Movement| |---|---|---|---|---| |Unrestricted
funds|resources
f|expended
6|losses
I|in funds
5| |General
fund|2,717,783|(2,201,741)|15,000|531,042| |Restricted funds||||| |Giving
Fund - Specific Gifts
Building
ForThe Future
Reach Global
Redeemer QP
The Boathouse Aus|10,262
69,016
47,136
45,693
~24 804|(40,400)
(11,973)
(47,278)
(43,329)
~13320)||(30,138)
57,043
(142)
2,364
11484| ||196911|~556 300||40611| |TOTAL FUNDS|~2914694|~2358041)|15000|571653| ## ## |Charity|||Net|Transfers|| |---|---|---|---|---|---| ||||movement|between|Al| |||Al' 1/4/20
I|in funds
I|funds
I|31/3/21
E| |Unrestricted
funds|||||| |General fund||5,938,483|537,148|1,231,989|7,707,620| |Restriclnd
funds|||||| |Giving
Fund - Specific Gifts
Building
ForThe Future
Reach Global||271,166
1(001,318
4,990|(30,138)
57,043
(142)|(173,628)
(1,058,361)|67,400
4,848| |Redeemer
QP
The Boathouse Aus|||2,364
~11484||2,364
~11484| |||~1277474|~40611|~1231 989|86I66| |TOTAL FUNDS||7,215,957|577,759||7,793 716| |Net movement
in funds,|included|in the above are as follows:|||| |||Incoming|Resources|Gains and|Movement| |||resources
I|expended
5|losses
I|in funds
I| |Unrestricted
funds|||||| |General fund||2,717,783|(2,195,635)|15,000|537,148| |Restricted funds|||||| |Giving
Fund - Specific Gifts
Building
ForThe Future
Reach Global||10,262
69,016
47,136|(40,400)
(11,973)
(47,278)||(30,138)
57,043
(142)| |Redeemer
QP
The Boathouse Aus||45,693
~24 804|(43,329)
~13320)||2,364
~11484| |||~196911|156300||~40611| |TOTAL FUNDS||~2914 694|~2351935)|~15 000|~577759| ## ## |defldt repair contr|ibutions
payable (as a percentage|of pensionable
stlpends)
are as set out In|the table below.| |---|---|---|---| |||January 2018to|January 2021to| |%of pensionable|stipends|December 2020|December 2022| |Deficit repair contributions||11.9%|71%| ## ## ## ## ## |Unquoted
investments|Unquoted
investments|Unquoted
investments|— non||| |---|---|---|---|---|---| |charity trading
company|||||| |BFTF
Management||||2021|2020| |Limited|||||| |Income statement|||||| |Income|||||| |Administrative
expenses||||6,106|| |Loss for the financial|period|||6,106|| |Aggregate
retained|loss|||6,106|| |Balance sheet|||||| |The assets and
liabilities||of|||| |the subsidiary
were|||||| |Fixed assets||||36|| |Current assets||||130,970|| |Current
liabilities||||(137,111)|| |Aggregate
capital||and|||| |reserves||||(6,105)||