## ||||Page|| |---|---|---|---|---| |Report ofthe Trustees||1|to|20| |Independent
Examiner's|Report||21|| |Statement of Financial|Activities||22|| |Balance Sheet||23|to|24| |Notes to the Financial Statements||25|to|35| |Detailed Statement of Financial Activities||36|to|37| ## ## ## ## ## ## ## ## ## ## |Meeting Date|Pastor A Ashton|Mr L Hill|Mrs H Pettey|Mrs A Hinchey| |---|---|---|---|---| ||||Appointed|| ||||August 2022|| |09August 2022||||| |13December 2022|Y|||| |17January 2023||||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||||2023|2022| |---|---|---|---|---|---|---| ||||Unrestricted|Restncted|Total|Total| |||Notes|funds
6|fund
6|funds
f|fundsf| |INCOME AND ENDOWMENTS||FROM||||| |Donations
and legacies|||241,902||241,902|227,306| |Charitable
activities||||||| |General
Church
Fund||||||959| |Other trading
activities|||3,684||3,684|1,053| |Investment
income|||8,952||8,952|8,673| |Other income|||82||82|75| |Tots I|||254,620||254,620|238,066| |EXPENDITURE ON||||||| |Raising funds||5|4,112||4,112|2,141| |Charitable
activities||||||| |General
Church
Fund|||212,933||212,933|198,188| |Gates of Praise|||87||87|107| |Bridgend
Pregnancy
Crisis|Centre||1,317||1,317|1,194| |Total|||218,449||218,449|201,630| |NET INCOME|||36,171||36,171|36,436| |RECONCILIATION
OF FUNDS||||||| |Total funds
brought
forward|||650,306||650,306|613,870| |TOTAL FUNDS CARRIED|FORWARD||686,477||686,477|650,306| |CONTINUING
OPERATIONS||||||| |All income and expenditure|has|arisen from continuing|activities.|||| ## ## ## ||||||2023|2022| |---|---|---|---|---|---|---| ||||Unrestncted|Restricted|Total|Total| |||Notes|funds
f|fundf|funds
f|fundsf| |FIXEDASSETS
Tangible assets||12|569,304||569,304|418,583| |CURRENT ASSETS||||||| |Stocks
Debtors
Cash at bank and|in hand|13
14|19,366
103,095||19,366
103,095|1,000
10,126
228,482| ||||122,461||122,461|239,608| |CREDITORS||||||| |Amounts
falling due within one year||15|(5,288)||(5,288)|(7,885)| |NET CURRENT ASSETS|||117,173||117,173|231,723| |TOTAL ASSETS
LIABILITIES|LESS CURRENT||686,477||686,477|650,306| |NET ASSETS|||686,477||686,477|650,306| |FUNDS||17||||| |Unrestricted
funds:
General
Church
Fund
Church
Building
Repair Fund|||||686,477|600,306
50,000| ||||||686,477|650,306| |TOTALFUNDS|||||686,477|650 306| ## ## ## ## ## ## ## ## ## ## ## ## |2.|OTHER TRADING ACTIVITIES||| |---|---|---|---| |||2023|2022| |||E|E| ||Books, cd's and literature|468|153| ||Conferencing
and events income|3,216|900| |||3,684|1,053| |3.|INVESTMENT INCOME||| |||2023|2022| ||||6| ||Rents received|8,400|8,400| ||Bank interest recewed|552|273| |||8,952|8,673| ## ## |4.|INCOME FROM|CHARI|TABLE ACTIVITIES||| |---|---|---|---|---|---| |||||2023|2022| |||||Total|Total| |||||activities|activities| |||||f|f| ||Grants||||959| ||Grants received,|included|in the above, are as follows'||| |||||2023|2022| |||||6|| ||Covid-19 Job Retention||Scheme||959| |5.|RAISING FUNDS||||| ||Other trading activities||||| |||||2023|2022| |||||f|f| ||Purchases|||1,034|46| ||Bad debts|||2,450|1,750| ||Bank and credit card charges|||628|345| |||||4,112|2,141| |6.|CHARITABLE ACTIVITIES COSTS||||| ||||||Grant||| |---|---|---|---|---|---|---|---| ||||||funding
of||| ||||||activities|Support|| |||||Direct|(see note|costs (see|| |||||Costs|7)|note 8)|Totals| |||||6|6|6|6| |General|Church|Fund||171,824|36,939|4,170|212,933| |Gates of|Praise||||87||87| |Bridgend|Pregnancy||Crisis Centre|1,317|||1,317| |||||173,141|37,026|4,170|214,337| ## ## ## ||||||||Grant||| |---|---|---|---|---|---|---|---|---|---| ||||||||funding||| |||||||Direct|of|Support|| |||||||Costsf|activities
f|costs|Totals
6| |General|Church||Fund|||161,799|31,064|5,325|198,188| |Gates of||Praise||||107|||107| |Bndgend||Pregnancy||Crisis Centre||1,194|||1,194| |||||||163,100|31,064|5,325|199,489| |GRANTS||PAYABLE|||||||| |||||||||2023|2022| |General|Church||Fund|||||36,939|31,064| |Gates of||Praise||||||87|| |||||||||37,026|31,064| |The total||grants|paid|to individuals|during|the year was as follows:||2023|2022| |||||||||6|F| |Missions||||||||29,132|23,769| |Hands ofcompassion
Ministry
giRs
Other giving||||||||4,401
1,200
2,293|3,801
2,500
994| |||||||||37,026|31,064| ## |8.|SUPPORT COSTS||||||| |---|---|---|---|---|---|---|---| ||||||||Governance| ||||||||costs| ||General
Church
Fund||||||4,170| ||Support costs, included||in the above, are as follows:||||| |||||||2023|2022| |||||||General|| |||||||Church|Total| |||||||Fund|activities| |||||||6|6| ||Accountancy
fees
Legal and professional|fees||||2,940
1,230|2,726
2,599| |||||||4,170|5,325| |9.|NET INCOME/(EXPENDITURE)||||||| ||Net income/(expenditure)||is stated after charging/(crediting):||||| |||||||2023|2022| ||||||||5| ||Depreciation
—owned assets
Independent
Examination
fee|||||14,116
660|11,753
618| ||Independent
Examiner
Independent
Examiner|-
-|accounts
other services|||1,980
300|1,854
254| |10.|TRUSTEES' REMUNERATION|||AND BENEFITS|||| |||||||2023|2022| |||||||5|| ||Trustees' salaries
Trustees'
social security
Trustees'
pension
contributions|||to money purchase|schemes|46,017
2,456
1,989|44,677
2,773
1,922| |||||||50,462|49,372| ## ## ## ## ## |STAFF COS|TS||||||| |---|---|---|---|---|---|---|---| |||||||2023|2022| ||||||||E| |Wages and salaries
Social secunty costs
Other pension costs||||||96,181
4,223
4,095|106,365
5,106
4,312| |||||||104,499|115,783| |The average|monthly|number|of employees|dunng|the year was as follows:||| |||||||2023|2022| |ViChiti|Centre|||||4|5| ## ## |TANGIBLE FIXEDASSETS|||| |---|---|---|---| |||Fixtures|| ||Freehold|and|| ||property|fittings
f|Totals
E| |COST|||| |At 1 April 2022
Additions|526,143
163,629|25,563
1,208|551,706
164,837| |At 31 March 2023|689,772|26,771|716,543| |DEPRECIATION|||| |At 1 Apnl 2022
Charge for year|115,468
11,786|17,655
2,330|133,123
14,116| |At 31 March 2023|127,254|19,985|147,239| |NET BOOK VALUE|||| |At 31 March 2023|562,518|6,786|569,304| |At 31 March 2022|410,675|7,908|418,583| ## |13.|STOCKS|||||| |---|---|---|---|---|---|---| ||||||2023|2022| ||||||8|6| ||Shop stock|||||1,000| |14.|DEBTORS:AMOUNTS|FALLING DUE WITHIN||ONE YEAR||| ||||||2023|2022| ||Trade debtors||||6
530|5| ||Sundry debtors||||18,836|10,126| ||||||19366|10,126| |15.|CREDITORS: AMOUNTS||FALLING DUE WITHIN ONE||YEAR|| ||||||2023|2022| ||||||E|| ||Trade creditors
Social security and other taxes
Sundry creditors and accruals||||5,288|574
2,791
4,520| ||||||5,288|7,885| |16.|LEASING AGREEMENTS|||||| ||Minimum
lease payments||under non-cancellable|operating|leases fall due as follows.|| ||||||2023|2022| ||||||8|8| ||Within one year
Between one and five years||||3,080
5,382|1,391
3,829| ||||||8,462|5,220| ## ## |||||||Net|Transfers|| |---|---|---|---|---|---|---|---|---| |||||||movement|between|At| ||||||At 1.4.22|in funds
6|funds
6|31.3.23
f| |Unrestricted
funds||||||||| |General|Church|Fund|||600,306|36,183|49,988|686,477| |Gates of Praise||||||316|(316)|| |Bridgend
Church|Pregnancy
Crisis Centre
Building Repair Fund||||50,000|(328)|328
~50,000)|| ||||||650,306|36,171||686,477| |TOTAL|FUNDS||||650,306|36,171||686,477| |Net movement||in funds,||included|in the above are as follows.|||| |||||||Incoming|Resources|Movement| |||||||resources
6|expended
f|in funds| |Unrestricted
funds||||||||| |General|Church|Fund||||253,108|(216,925)|36,183| |Gates of Praise
Bridgend
Pregnancy|||Cnsis Centre|||468
1,044|(152)
~1,372)|316
~328)| |||||||254,620|218,449|36,171| |TOTAL|FUNDS|||||254,620|~218449)|36,171| ## ## |Compara|tives
f|or m|ovement
in funds||||| |---|---|---|---|---|---|---|---| ||||||Net|Transfers|| ||||||movement|between|At| |||||At 1 4.21|in funds|funds|31 3.22| |||||6|6|6|| |Unrestricted
funds|||||||| |General|Church|Fund||563,870|36,447|(11)|600,306| |Gates of Praise|||||(2)|2|| |Bridgend
Pregnancy
Crisis Centre
Hayes Yard Fund
Church
Building
Repair Fund||||50,000|(9)|9
(50,000)
50,000|50,000| |||||~613870|36,436||650,306| |TOTAL|FUNDS|||613,870|36,436||650,306| ## ## |Comparative
net mov|ement
in funds,
included
in|the above are as follows||| |---|---|---|---|---| |||Incoming|Resources|Movement| |Unrestricted
funds||resources|expended
f|in funds
9| |General
Church
Fund
Gates of Praise
Bndgend
Pregnancy|Crisis Centre|236,713
153
1,200|(200,266)
(155)
~1,209)|36,447
(2)
~9)| |||238,066|(201,630)|36,436| |TOTAL FUNDS||238,066|~201,630)|36,436| ## |A current year 1|2 mo|nths
and prior year|12 months
combined|position
is as|follows:|| |---|---|---|---|---|---|---| |||||Net|Transfers|| |||||movement|between|At| ||||At 1.4.21
f|in funds
5|funds
6|31.3.23
6| |Unrestricted
funds||||||| |General
Church
Fund
Gates of Praise
Bridgend
Pregnancy
Hayes Yard Fund||Crisis Centre|563,870
50,000|72,630
314
(337)|49,977
(314)
337
~50,000)|686,477| ||||613,870|72,607||686,477| |TOTAL FUNDS|||613,870|72,607||686,477| ## ||||Incoming|Resources|Movement| |---|---|---|---|---|---| ||||resources|expended|in funds| ||||5||| |Unrestricted
funds|||||| |General
Church
Fund
Gates ofPraise
Bridgend
Pregnancy||Cnsis Centre|489,821
621
2,244|(417,191)
(307)
~2,581)|72,630
314
~337)| ||||492,686|420,079|72 607| |TOTAL FUNDS|||492,686|~420,079)|72,607| ## ## ## ## ## ## ||2023f|2022
6| |---|---|---| |INCOME AND ENDOWMENTS||| |Donations
and legacies||| |Donations
and offerings|206,608|193,887| |Gift aid|35,294|33,419| ||241,902|227,306| |Other trading activities||| |Books, cd's and kterature|468|153| |Conferencing
and events income|3,216|900| ||3,684|1,053| |Investment
income||| |Rents received|8,4OO|8,400| |Bank interest received|552|273| ||8,952|8,673| |Charitable
activities||| |Grants||959| |Other income||| |Sundry
income|82|75| |Total incoming
resources|254,620|238,066| |EXPENDITURE||| |Other trading
activities||| |Purchases|34|46| |Shop stock movement|1,000|| |Bad debts|2,450|1,750| |Bank and credit card charges|628|345| ||4,112|2,141| |Charitable
activities||| |Trustees'
salanes|46,017|44,677| |Trustees'
social security|2,456|2,773| |Trustees'
pension
contnbutions|1,989|1,922| |Wages|50,164|61,688| |Carried forward|100,626|111,060| ## ||||2023f|2022f| |---|---|---|---|---| |Charitable
activities||||| |Brought forward|||100,626|111,060| |Soma
l security|||1,767|2,333| |Pensions|||2,106|2,390| |Rates and water|||870|364| |Insurance|||6,033|5,331| |Light and heat|||6,919|4,654| |Telephone|||3,456|3,217| |Postage and stationery|||3,875|2,351| |Advertising|||260|440| |Travelling
expenses|||1,059|858| |Refreshments|and meals||2,002|950| |Accomodation|||149|142| |Subscnptions|||120|140| |Music, PA & lighting|||955|1,668| |Licensing|||1,294|1,128| |Resource and|training|costs|1,318|711| |Events|||3,944|561| |Catering costs|||2,445|1,461| |Equipment
hire|||934|658| |Venue hire and|rental||2,583|1,030| |Repairs and renewals|||16,311|9,899| |Freehold
property|||11,786|9,603| |Fixtures and fittings|||2,329|2,151| |Grants to indwiduals|||37,026|31,064| ||||210,167|194,164| |Supportcosts||||| |Governance|costs|||| |Accountancy|fees||2,940|2,726| |Legal and professional||fees|1,230|2,599| ||||4,170|5,325| |Totalresources|expended||218,449|201,630| |Net income|||36,171|36,436|