2022-03-31-accounts - The Co-Mission Churches Trust

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				Page
Report ofthe	Trustees		1	to	10
Report ofthe	Independent Auditors		11	to	13
Consolidated	Statement of Financial	Activities		14
Charity Statement of Financial Activities
Consolidated	Stab ment ofFinancial	Position
Charity Statement ofFinancial Position				17
Consolidated	Statement ofCash Flows			18
Notes to the	Consolidated Statement	ofCash Flows		19
Charity Statement ofCash Flows				20
Notes tothe	Charity Statement ofCash Flows			21
Notes to the	Financial Statements		22	to	40

Bankers	Bankers
CAF Bank Limited
25 Kings Hill	Avenue
Kings Hill
West Mailing,	Kent
ME19 43Q

						2022	2021
				Unrestricted	Restricted	Total	Total
				funds	funds	funds	funds
			Notes		I	E
INCOME AND ENDOWMENTS		FROM
Donations and legacies			2	2,588,205	162,359	2,750,564	2,886,929
Charitable activities
Direct Charitable Events and ministry				20,869 51,710	10,000	30,869 51,710	22,138 881
Other trading activities Investment income Other income			3	2,984 2,775 ~422 545		2,984 2,775 ~422 545	4,746
Total				~3089088	~172359	~3261447	~2914694
EXPENDITURE ON
Charitable activities
Direct Charitable Grants Payable Events and ministry Redevelopment				1,900,430 378,548 331,016	14,059 47,212 20,196	1,914,489 425,760 351,212	1,858,150 337,122 156,663 6 106
Total				2609 994	81467	2691461	2 358041
NET INCOME				479,094	90,892	569,986	556,653
Transfers between funds			21	~173711	173711
Other recognised gains/(losses) Actuarial gains on defined benefit schemes							~15000
Net movement in funds				652,805	(82,819)	569,986	571,653
RECONCILIATION OF FUNDS
Total funds brought forward				7,701,514	86,096	7,787,610	7,215,957
TOTAL FUNDS CARRIED	FORWARD			~8354319	~3277	~8357596	~7787610

							2022	2021
					Unrestricted	Restricted	Total	Total
				Notes	funds	funds E	funds E	fundsI
INCOME AND ENDOWMENTS			FROM
Donations and legacies				2	2,588,205	162,359	2,750,564	2,886,929
Charitable activities
Direct Charitable					20,869	10,000	30,869	22,138
Events and ministry					51,710		51,710	881
Investment income				4	2,775		2,775	4,746
Other income					~422 545		~422 545
Total					~3086 104	~172359	~3258463	~2914 69'I
EXPENDITURE ON
Charitable activities				6
Direct Charitable					1,896,000	14,059	1,910,059	1,858,150
Grants Payable Events and ministry					378,548 ~331016	47,212 ~20 196	425,760 ~351212	337,122 ~156663
Total					~2605 564	~81467	~2687031	~2351935
NET INCOME					480,540	90,892	571,432	562,759
Transfers between		funds		21	173711	~17371l
Other recognised gains/(losses) Actuarial gains on defined benefit schemes								~15000
Net movement in	funds				654,251	(82,819)	571,432	577,759
RECONCILIATION	OF FUNDS
Total funds brought		forward			7,707,620	86,096	7,793,716	7,215,957
TOTAL FUNDS CARRIED FORWARD					~8361 871	~3277	~8365 148	~7793716

					2022	2021
			Unrestricted	Restricted	Total	Total
		Notes	funds 6	funds	funds I	fundsI
FIXEDASSETS
Tangible assets Social investments		13 14	1,422,157 7523 757		1,422,157 7523757	997,772 6699913
			8,945,914		8,945,914	7,697,685
CURRENT ASSETS
Debtors		15	520,362		520,362	263,552
Cash at bank			1721629	3277	1724906	1373023
			2,241,991	3277	2,245,268	1,636,575
CREDITORS
Amounts falling due within	one year	16	(241,331)		(241,331)	(351,174)
NET CURRENT ASSETS			2 000 660	3 277	2 003937	1285401
TOTAL ASSETS LESSCURRENT LIABILITIES			10,946,574	3,277	10,949,851	8,983,086
CREDITORS
Amounts falling due after	more than one year	17	(2,590,255)		(2,590,255)	(1,191,476)
PENSION lIABIlITY		21	(2,000)		(2,000)	(4,000)
NET ASSETS			8354 319	3 277	8 357 596	7 787 610
FUNDS		20
Unrestricted funds Restdicted funds					8,354,319 3 277	7,701,514 86 096
TOTAL FUNDS					8 357 596	7 787 610

				2022	2021
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes	E	E	E	E
FIXEDASSETS
Tangible assets	13	1,297,465		1,297,465	873,116
Investments
Investments	14	1		1	1
Social investments	15	7 523 757		7 523 757	6699913
		8,821,223		8,821,223	7,573,030
CURRENT ASSETS
Debtors	16	636,088		636,088	391,207
Cash at bank		1 718646	3 277	1 721923	1366 709
		2,354,734	3,277	2,358,011	1,757,916
CREDITORS
Amounts falling due within one year	17	(221,831)		(221,831)	(341,754)
NET CURRENT ASSETS		2 132903	3 277	2136180	1416162
TOTAL ASSETSLESSCURRENT LIABILITIES		10,954,126	3,277	10,957,403	8,989,192
CREDITORS
Amounts falling due after more than one year	18	(2,590,255)		(2,590,255)	(1,191,476)
PENSION LIABILITY	22	(2,000)		(2,000)	(4,000)
NET ASSETS		8351871	3 277	8 365 148	7 793716
FUNDS	21
Unrestdicted funds				8,361,871	7,707,620
Restricted funds				3277	86096
TOTAL FUNDS				8 365 148	7 793716

		2022	2021
	Notes	6	6
Cash flows from operating activities
Cash generated from operations Loan interest paid		8,274 ~74 23	648,968
Net cash (used in)/provided by operating	activities	~65963)	~648 968
Cash flows from investing activities
Purchase oftangible fixed assets Purchase ofsocial investments Sale oftangible fixed assets Interest received		(810,464) (1,148,844) 771,464 2 775	(133,706) (2,720,022) ~4746
Net cash used in investing activities		~1185069)	2 848982
Cash flows from financing activities
New loans in year Loan repayments in year		1,645,000 ~42 663	~62 273
Net cash provided by/(used in) financing	activities	~1602915	61279
Change in cash and cash equivalents the reporbng period Cash and cash equivalents at the	in	351,883	(2,261,293)
beginning ofthe reporting period		~1373023	3634316
Cash and cash equivalents at the end of
the reporting period		~1724906	~1373023

RECONCILIATION	RECONCILIATION	OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES	OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES	OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES	OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
					2022	2021
					E	E
Net income	for the reporting		period (as per the Statement of
Financial Activities)					569,986	556,653
Adjustments	for:
Depreciation	charges				37,160	24,583
Profit on disposal offixed assets					(422,545)
Interest received					(2,775)	(4,746)
Loan interest					74,237
Increase in debtors Increase in creditors					(256,810) ~9021	(45,305) ~117783
Net cash provided		by operations			~8274	~648968
ANALYSIS OF CHANGES IN NET DEBT
					Other
					non-cash
			At 1/4/21	Cash flow	changes	AL 31/3/22
				E	E	E
Net cash
Cash at bank			~1373023	~351883		~1724906
			~1373023	~351883		~1724906
Debt
Debts falling	due
within 1year			(188,245)	(30,803)	151,667	(67,381)
Debts falling	due
after 1year			~ll91 4761	~2572 222	173333	~2590 25
			jl 3797211	~2602 915	325 DDD	~2657 636
Total			~6690	~1253032	32~ DDD	~032 73D

		2022	2021
	Notes	6	E
Cash flows from operating activities
Cash generated from operations Loan interest paid		(25,823) ~74 237	517,999
Net cash (used in)/provided by operating	activities	1DD 060	~517999
Cash flows from investing activities
Purchase oftangible fixed assets Purchase offixed asset investments Purchase ofsocial investments Sale oftangible fixed assets Interest received		(810,428) (1,108,982) 771,464 305	(9,050) (1) (2,720,022) ~4746
Net cash used in investing activities		1147641	~2724 327)
Cash flows from financing activities
New loans in year Loan repayments in year		1,645,000 ~42 935	~63 279
Net cash provided by/(used in) financing	activities	~1602915	61279
Change in cash and cash equivalents	in
the reporting period Cash and cash equivalents at the		355,214	(2,267,607)
beginning ofthe reporting period		~1366709	~3634316
Cash and cash equivalents at the end of
the reporting period		1721923	~1366709

RECONCILIATION	RECONCILIATION		OF NET INCOME TO NET	OF NET INCOME TO NET	CASH FLOW FROM OPERATING ACTIVITIES	CASH FLOW FROM OPERATING ACTIVITIES	CASH FLOW FROM OPERATING ACTIVITIES
							2022I	2021I
Net income	for the		reporting	period (as per	the Statement of
Financial Activities)							571,432	562,759
Adjustments	for:
Depreciation	charges						37,160	24,583
Profit on disposal of		lixed assets					(422,545)
interest received							(305)	(4,746)
interest receivable							(2,470)
Loan interest							74,237
Increase in debtors							(242,411)	(172,960)
(Decrease)/increase		in credilors					~40 921	~108363
Net cash (used in)/provided				by operations			~25 823)	~517999
ANALYSIS OF CHANGES IN NET DEBT
							Other
							non-cash
					AL 1/4/21	Cash flow I	changes	At 31/3/22 I
Net cash
Cash at bank					~1366709	~355214		~1721923
					~1366709	~355214		~1721923
Debt
Debts falling	due
within 1year					(188,245)	(30,803)	151,667	(67,381)
Debts falling	due
afizr 1year					~2291 '176	~2572112	173333	~259D 255
					i3 370 7217	~2602 915	325 000	~2657 636
Total					~23 012	~1247 7D1	325 000	935713

INCOME FROM CHARITABLE	INCOME FROM CHARITABLE	INCOME FROM CHARITABLE	INCOME FROM CHARITABLE	INCOME FROM CHARITABLE	INCOME FROM CHARITABLE	ACTIVITIES —CONSOLIDATED	ACTIVITIES —CONSOLIDATED	ACTIVITIES —CONSOLIDATED	ACTIVITIES —CONSOLIDATED	ACTIVITIES —CONSOLIDATED	ACTIVITIES —CONSOLIDATED	ACTIVITIES —CONSOLIDATED	ACTIVITIES —CONSOLIDATED	ACTIVITIES —CONSOLIDATED	ACTIVITIES —CONSOLIDATED	AND CHARITY	AND CHARITY	AND CHARITY	AND CHARITY	AND CHARITY
																					2022			2021
						Activity																		E
Other charitable			income			Direct Charitable															30,869			22,138
Events	income					Events and			ministry												~51710				881
																					~82 579			~23	019
CHARITABLE		ACTIVITIES			COSTS - CONSOLIDATED
																	Grant
																funding		of
																activities					Support
												Direct				(see note				costs (see
												Costs					7)				note 8)		Totals
Direct Charitable										E ~2246 060					E ~425 760				E ~19641			~2691			461
CHARITABLE		ACTIVITIES			COSTS - CHARITY
																	Grant
																funding		of
																activities					Support
												Direct				(see note				costs (see
												Costs					6)				note 7)		Totals
																	E				E			E
Direct Charitable											1,894,848										15,211		1,910,059
Grants Events	Payable and ministry									~351			212			425,760						425,760 ~351212
										~2246060					~425760				~15211			~2687031
GRANTS PAYABLE -CONSOLIDATED AND CHARITY
																					2022			2021
																					E			E
Grants	Payable																			~425 760			~337		122
The total grants			paid to	institutions				during the year			was as follows:
																					2022			2021
																					E			E
Other external		giving																			230,427		168,162
Planting	support																				59,643			36,380
Co-Mission membership				contdibutions																~103591			~97		041
																				~393 661			~301		583
The total grants			paid to	individuals			during the year				was as follows:
																					2022			2021
																					E
Other external		giving																			~32 099		~35		539
Grants	were paid to individuals						to	support	their		work		in	promoting			the	mission		of the church			in	the	wider
community.
Grants	payable		are charged		in	the year when				the		ofTer		is made			except	in	those		cases where		the offer			is
conditional, such			grants	being		recognised			as expenditure					when		the conditions				attaching are fulfilled.					Grants
offered	subject	to conditions			which			have not been				met	at	the year			end are noted				as a commitment,			but not
accrued	as expenditure.

GRANTS PAYABLE -CONSOLIDATED	GRANTS PAYABLE -CONSOLIDATED	GRANTS PAYABLE -CONSOLIDATED	GRANTS PAYABLE -CONSOLIDATED	GRANTS PAYABLE -CONSOLIDATED	GRANTS PAYABLE -CONSOLIDATED	GRANTS PAYABLE -CONSOLIDATED	GRANTS PAYABLE -CONSOLIDATED	AND CHARIFY	AND CHARIFY	AND CHARIFY	AND CHARIFY	- Continued	- Continued	- Continued
Grants	were paid to		individuals			to	support		their		work	in	promoting		the	mission	of the church	in	the wider
community.
Grants	payable	are charged			in	the	year when			the oifer			is made		except	in those cases where		the ofFer is
conditional, such		grants		being		recognised			as expenditure				when	the conditions			attaching are fulfilled. Grants
oifered	subject to conditions				which		have not been				met	at the year			end are noted as a commitment,				but not
accrued	as expenditure.
SUPPORT COSTS - CONSOlIDATED
																	Governance
														Management			costs		Totals
															E		E		E
Direct Charitable															1 824		~17817	~19641
Support	costs, included			in the	above,		are	as	follows:
Management
																	2022		2021
																	Direct		Total
																	Charitable	activities
																	E
Legal and professional			fees														~1824		~1488
Governance costs
																	2022		2021
																	Direct		Total
																	Charitable	activities
																	E		E
Auditors' Auditors'	remuneration remuneration		for non		audit		work										6,360 ~11457		6,360 8820
																	17817		1S180
SUPPORT COSTS - CHARITY
																	Governance
														Management			costs	Totals
															E		E
Direct Charitable														~1824			~13387	~15 211
Support	costs, included		in the		above,		are	as	follows:
Management																	2022		2021
																	Direct		Total
																	Charitable	activities
																	E		E
Payroll fees																	~1824		1488
Governance costs																	2022		2021
																	Direct		Total
																	Charitable	activities
																	E		E
Auditors' Auditors'	remuneration remuneration		for non		audit		work										3,060 ~10327		3,060 7200
																	~13 387	~10260

Net inco	me/(expenditure)	is stated	aRer charging/(crediting):
				2022	2021
				6
Audiiors'	remuneration			6,360	6,360
Auditors'	remuneration	for non audit work		11,457	8,820
Depreciation -owned assets				37,160	24,583
Surplus	on disposal of fixed assets			~422 545)
NET INCOME/(EXPENDITURE)			-CHARITY
Net income/(expenditure)		is stated	after charging/(crediting):
				2022	2021
				6	6
Auditors'	remuneration			3,060	3,060
Auditors'	remuneration	for non audit work		10,327	7,200
Depreciation - owned assets				37,160	24,583
Surplus	on disposal of fixed assets			~422 545)

STAFFCOS	T	S
					2022	2021
						6
Wages and salaries					956,127	969,382
Social security Other pension		costs costs			111,986 ~153402	121,486 ~175082
					~1221515	~1265950
The average	monthly		number of employees	during the year was as follows:
					2022	2021
Administration					13	14
Ministry					30	32
					43	46

		UnrestrictedRestricted	UnrestrictedRestricted	Total
		funds 6	funds 6	fundsf
INCOME AND ENDOWMENTS	FROM
Donations and legacies		2,690,018	196,911	2,886,929
Charitable activities
Direct Charitable Events and ministry		22,138 881		22,138 881
Investment income		~4746		~4746
Total		2,717,783	196,911	2,914,694
EXPENDITURE ON
Charitable activities
Direct Charitable Grants Payable Events and ministry Redevelopment		1,724,463 326,482 144,690 6 106	133,687 10,640 11,973	1,858,150 337,122 156,663 ~6106
Total		~2201 741	~156300	~2358041
NET INCOME		516,042	40,611	556,653
Transfers between funds		~1231989	1231989
Other recognised gains/(losses) Actuarial gains on defined benefit schemes		~15000		~15000
Net movement in funds		1,763,031	(1,191,378)	571,653
RECONCILIATION OF FUNDS
Total funds brought forward		5,938,483	1,277,474	7,215,957
TOTAL FUNDS CARRIED FORWARD		~7701514	~86 096	~7787610

COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - CHARITY	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - CHARITY	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - CHARITY	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - CHARITY	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES - CHARITY
			Unrestricted	Restricted		Total
			funds f		funds f	fundsf
INCOME AND ENDOWMENTS		FROM
Donations and legacies			2,690,018		196,911	2,886,929
Charitable activities
Direct Charitable			22,138			22,138
Events and ministry			881			881
Investment income			~4746			~4746
Total			~2717783	~196911		~2914 694
Charitable activities
Direct Chafitable			II724,463		133,687	1,858,150
Grants Payable Events and ministry			326,482 ~144690	10,640 ~11973		337,122 ~156663
Total			~2195635	~156300		~2351935
NET INCOME			522,148		40,611	562,759
Transfers between funds			~1231989	1	231989
Other recognised gains/(losses) Actuarial gains on defined benefit schemes			~15000			~15000
Net movement in funds			1,769,137	(1,191,378)		577,759
RECONCILIATION OF FUNDS
Total funds brought forward			5,938,483	1,277,474		7,215,957
TOTAL FUNDS CARRIED	FORWARD		~7707620	~86 096		~7793 716

TANGIBLE FIXEDASSETS	—CONSOLIDAT	ED
			Improvements	Fixtures
	Freehold	Long	to	and
	property	leasehold	property	fittings	Totals
	6	6	6	f	6
COST
At 1 April 2021 Additions Disposals	769,820 800,000 ~229 919	36	163,240 ~163240)	166,069 10,428	1,099,129 810,464 ~393039
At 31 March 2022	~1340001	36		~176497	~1516534
DEPRECIATION
At 1April 2021 Charge for year Eliminated on disposal	38,492 33,500 ~22 492		32,648 ~32 648)	30,217 3,660	101,357 37,160 ~44 140)
At 31 March 2022	60 500			~33877	94377
NET BOOK VALUE
At 31 March 2022	~1279501	36		~142 620	~1422 157
At 31 March 2021	~731328		~130592	~135852	997772
TANGIBLE FIXEDASSETS- CHARITY
			Improvements	Fixtures
		Freehold	to	and
		property	property	fittings	Totals
		6		6	6
COST
At 1 April 2021 Additions Disposals		769,819 800,000 ~229 819)	163,240 ~163240)	41,414 10,428	974,473 810,428 ~393059)
At 31 March 2022		~1340000		~51842	~1391842
DEPRECIATION
At 1April 2021 Charge for year Eliminated on disposal		38,492 33,500 ~11492)	32,648 ~32 949	30,217 3,660	101,357 37,160 ~44 140)
At 31 March 2022		~60 500		33877	~94 377
NET BOOK VALUE
At 31 March 2022		~1279500		~17965	~1?97465
At 31 March 2021		731327	130592	11197	~873116

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEA	R (continued) —CHARITY
	2022	2021
	6
Bank loans and overdraRs (see note 18)	67,381	36,578
Other loans (see note 18)		151,667
Social security and other taxes	39,095	35,730
Accrued expenses	~115355	~117779
	~221 831	~341754

18.	CREDITORS: AMOUNTS	CREDITORS: AMOUNTS	CREDITORS: AMOUNTS	FALLING DUE AFTER MORE THAN	ONE YEAR- CONSOLIDATED	AND
	CHARITY
					2022	2021
					6	E
	Bank loans (see note 18) Other loans (see note 18)				2,385,255 ~205000	1,008,143 ~183333
					~2590 255	~1191476
19.	LOANS —CONSOLIDATED AND CHARITY
	An analysis	ofthe maturity		ofloans is given below:
					2022	2021
					E	6
	Amounts falling due within one year on demand:
	Bank loans Otherloans				67,381	36,578 ~151667
					~67381	~188 2'lS
	Amounts falling between		one and two years:
	Bank loans Other loans	- 1-2 years -1-2 years			71,453	44,S25 ~21667
					~71453	~66 192
	Amounts falling due between two and five years:
	Bank loans	- 2-5 years			229,433	114,666
	Other loans	- 2-5 years			~205000	75 000
					~434433	~189666
	Amounts falling due in more than five years:
	Repayable	by instalments:
	Bank loans	more 5years	by	instalments	2,084,369	848,952
	Other loans	more 5years				86I666
					~2884 369	~935618

				2022	2021
				6	I
Within one year				165,975	151,650
Between one and five years				~66 844	~128469
				~232 819	~280 119
MOVEMENT	IN FUNDS - CONSOLIDATED
			Net	Transfers
			movement	between	At
		At' 1/4/21	in funds	funds	31/3/22
		6	6	I	6
Unrestricted	funds
General fund		7,701,514	479,094	173,711	8,354,319
Restricled funds
Giving Fund -	Specific Giits	67,400	106,311	(173,711)
Reach Global		4,848	(4,848)
Redeemer QP The Boathouse Aus Other		2,364 11,484	(2,364) (11,484) ~3277		~3277
		~86096	~90892	~173711)	3 277
TOTAL FUNDS		Zuqt7 610	~986		3 596

Net movement	Net movement	in funds,	included	in the above are	as follows:
						Incoming	Resources	Movement
						resources	expended	in funds
						E	6
Unrestricted		funds
General fund						3,089,088	(2,609,994)	479,094
Restricted funds
Giving Fund	-	Specific Gifts				106,311		106,311
Building For	The Future					20,196	(20,196)
Reach Global							(4,848)	(4,848)
Redeemer QP							(2,364)	(2,364)
The Boathouse		Aus					(11,484)	(11,484)
London City Other	Mission					29,678 ~16174	(29,678) ~12897)	~3277
						172359	~81467	90892
TOTAL FUNDS						~3261447	~2691461)	~569 986
Comparatives		for movement		in funds - consolidated
						Net	Transfers
						movement	between	At
					At' 1/4/20	in funds	funds	31/3/21
					6	6	6	6
Unrestricted		funds
General fund					5,938,483	531,042	1,231,989	7,701,514
Restricted funds
Giving Fund	-	Specific Gifts			271,166	(30,138)	(173,628)	67,400
Building For	The Future				1,001,318	57,043	(1,058,361)
Reach Global					4,990	(142)		4,848
Redeemer QP The Boathouse		Aus				2,364 ~11484		2,364 ~11484
				~1277474		~40 611	~1231989)	~86096
TOTAL FUNDS				~7215957		~571653		~7787610
Comparative	net movement		in funds —consolidated,		included	in the above are as follows:
					Incoming	Resources	Gains and	Movement
					resources 6	expended E	losses 8	in funds I
Unrestricted		funds
General fund				2,717,783		(2,201,741)	15,000	531,042
Restricted funds
Giving Fund	-	Specific Gifts			10,262	(40,400)		(30,138)
Building For	The Future				69,016	(11,973)		57,043
Reach Global					47,136	(47,278)		(142)
Redeemer QP The Boathouse		Aus		45,693 ~24 804		(43,329) ~13320)		2,364 ~ii 484
				~196911		~156300)		~40 611
TOTAL FUNDS				~2914694		~2358 041)	~15000	~571653

MOVEMENT ZN FUNDS —CHAR1TY	MOVEMENT ZN FUNDS —CHAR1TY	MOVEMENT ZN FUNDS —CHAR1TY	MOVEMENT ZN FUNDS —CHAR1TY
					Net	Transfers
					movement	between	At
				At 1/4/21	in funds	funds	31/3/22
Unrestricted funds					6	6	6
General fund				7,707,620	480,540	173,711	8,361,871
Restricted funds
The Balham housing Reach Global Redeemer QP The Boathouse Aus Other	fund			67,400 4,848 2,364 11,484	106,311 (4,848) (2,364) (11,484) 3 277	(173,711)	3 277
				~86096	90 892	~373711	3 277
TOTAL FUNDS				~7 793 716	571432		~8365 148
Net movement in funds,		included	in the above	are as follows:
					Incoming	Resources	Movement
Unrestricted funds					resources E	expended f	in funds 6
General fund					3,086,104	(2,605,564)	480,540
Restricted funds
The Balham housing fund Building For The Future Reach Global Redeemer QP The Boathouse Aus London City Mission Other					106,311 2D,196 29,678 ~16174	(20,196) (4,848) (2,364) (11,484) (29,678) ~12897)	106,311 (4,848) (2,364) (11,484) ~3277
					~172359	8146	~90892
TOTAL FUNDS					~3258463	~2687 531,	571432
Comparatives for movement			in funds
					Net	Transfers
					movement	between	AL
				Ai 1/4/20	in funds	funds	31/3/21
				6	6	6
Unrestricted funds
General fund				5,938,483	537,148	1,231,989	7,707,620
Restricted funds
The Balham housing fund 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) (1,05S,361)	67,4DD 46848 2,364 ~11484
				~1277474	40 611	~3233989	86896
TOTAL FUNDS				7 215957	~577 759		~7793716

deficit repair contributions payable (as a percentage	of pensionable stipends) are as set out in	the table below.
%of pensionable stipends	3anuaiy 2018to December 2020	3anuary 2021to December 2022
Deficit repair contributions	11.9%	7.1%

		Dec2021	Dec 2020	Dec 2019
Discount rate		0.096	0 2o/o	211a/0
Price inflation		n/a	3.10/0	2.80/o
Increase to total pensionable	payroll	-1.5~/o	1.6'/0	1.3O/o

		2022	2021I
INCOME AND ENDOWMENTS
Donations and legacies
Donations and grants		2,750,564	2,886,929
Other trading activities
Exceptional items		2,984
Investment income
Deposit account interest Other interest receivable		305 ~2470	588 ~4158
		2,775	4,746
Charitable activities
Events income Other charitable income		51,710 ~30 869	881 ~22 138
		82,579	23,019
Other income
Gain on sale oftangible	fixed assets	~422 545
Total incoming resources		3,261,447	2,914,694
EXPENDITURE
Charitable activities
Wages		956,127	969,382
Social security		111,986	121,486
Pensions		153,402	175,082
Housing and property costs		387,524	375,174
Insurance		7,653	6,514
Office costs - The Factory		51,521	41,938
Postage and stationery		39,757	31,246
Sundries		21,643	4,537
Bank charges		6,406	541
Bank loan interest payable		74,237	45,861
Events and ministry costs		297,541	140,342
Children's work costs		30,885	7,952
Web server costs		28,713	39,381
Bookstall costs		1,554	1,484
Refreshments		7,417	168
Equipment		13,815	6,717
Planting support			36,380
Pmfessional services		18,719	11,863
Co-Mission membership	contributions		97,041
Depreciation offreehold	property	33,500	19,246
Improvements to property			3,265
Plant and machinery		3,660	2,072
Grants io institutions		393,661
Carried forward		2,639,721	2,137,672

		2022I	2021
Charitable activities
Brought forward Grants paid		2,639,721 ~32099	2,137,672 ~203701
		2,671,820	2,341,373
Support costs
Management
Legal and professional	fees	1,824	1,488
Governance costs
Auditors' remuneration Auditors' remuneration	for non audit work	6,360 ~11457	6,360 8 820
		~17817	~15180
Total resources expended		~2691461	~2358041
Net income		~569986	556 653

				2022 E	2021I
INCOME AND ENDOWMENTS
Donations and legacies
Donations and grants				2,750,564	2,886,929
Investment income
Deposit account interest Other interest receivable				305 ~2470	588 ~4158
				2I775	4,746
Charitable activities
Events income Other charitable income				51,710 ~30869	881 ~22 138
				82,579	23,019
Other income
Gain on sale oftangible	fixed assets			~422 545
Total incoming resources				3,258,463	2,914,694
EXPENDITURE
Charitable activities
Wages				956,127	969,382
Social security				111,986	121,486
Pensions				153,402	175,082
Housing and property costs				387,524	375,174
Insurance				7,653	5,372
Difice costs - The Factory				51,521	41,938
Postage and stationery				39,757	31,246
Sundries				21,643	4,537
Bank charges				6,406	497
Bank loan interest payable				74,237	45,861
Events and ministry costs				297,541	140,342
Children's work costs				30,885	7,952
Web server costs				28,713	39,381
Bookstall costs				1,554	1,484
Refreshments				7,417	168
Equipment				13,815	6,717
Professional services				18,719	11,863
Depreciation of freehold		property		33,500	19,246
Improvements to property					3,265
Plant and machinery				3,660	2,072
Grants paid in furtherance Grants paid		of charitable	objects	393,661 ~32 099	301,583 ~35539
				2,671,820	2,340,187
Support costs
Management
Payroll fees				1,824	1,488

			2022I	2021I
Management
Governance	costs
Auditors' remuneration Auditors' remuneration		for non audit work	3,060 ~10327	3,060 7200
			13307	10 260
Totalresources	expended		~2687031	~2351935
Net income			~571%32	562 759