2023-12-31-accounts

Trustees		SE P Green
		PJ Harley
		P I Chigade
		M D Blake
		N Davidson
		K LTwine			(Appointed		19September
					2023)
		SJ Mitchell			(Appointed		23January
					2024)
Secretary		N Davidson
Key Management		SEPGreen SJTaylor
		EJ Green
		T M Riches
		S K Raheja
Charity number		1147465
Governing	Docunment	Memorandum	and	Articles ofAssociation date 16th April 2012
Company	number	08039827
Registered	office	448a Basingstoke		Road
		Reading
		Berkshire
		RG2 ORX
Auditor		Bruton Charles
		The Coach House
		Grays Green Business Centre
		Henley-on-Thames
		Oxfordshire
		RG94QG
Bankers		HSBC PLC			Nationwide		Building Society
		26 Broad Street			Kings Park		Road
		Reading			Moulton	Park
		RG1 2BU			Northampton
					NN3 6NW
		Shawbrook Bank		Ltd	Virgin Money
		Lutea House			177Bothwell Street
		Warley Business Park			Glasgow
		The Drive, Great Warley			G2 7ER
		Brentwood			(From December 2023)
		CM133BE
		(Until January	24)

		Page
Trustees' report		1-8
Independent auditor's	report	9-to
Statement offinancial	activities
Balance sheet		12
Statement ofcash flows		13
Notes to the financial	statements	14-26

			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			funds	funds		funds	funds
			2023	2023	2023	2022	2022	2022
		Notes	8	8	8	E		8
Income from:
Donations	and
legacies		2	1,020,552	66,828	1,087,380	852,434	330	852,764
Charitable	activities	3	58,565		58,565	65,209		65,209
lnvestmenls		4	72,967		72,967	22.694		22,694
Total income			1,152,084	66,828	1,218,912	940,337	330	940.667
~dd
Charitable	activities	5	894,675	27,195	921,870	790,4'19	13,482	803,901
Net income for the year/
Net movement in funds			257,409	39,633	297,042	149,918	(13,152)	136,766
Fund balances at 1 January 2023			2,742,237	81	2,742,318	2,592,319	13,233	2,605,552
Fund balances at 31
December	2023		2,999,646	39,714	3,039,360	2,742,237	81	2,742,318

			2023		2022
		Notes		f	8
Fixed assets
Tangible assets		10		26,771		27,814
Current assets
Debtors			92,209		74,938
Cash at bank and in	hand		2,957,870		2,669,809
			3,050,079		2,744,747
Creditors: amounts	falling due within
one year		13	(37,490}		(30,243}
Net current assets				3,012,589		2,714,504
Total assets less current liabilities				3,039,360		2,742,318
Income funds
Restricted funds		15		39,714		81
Unrestricted funds
Designated funds		16	1,603,379		1,581,485
General unrestricted	funds		1,396,267		1,160,752
				2,999,646		2,742,237
				3,039,360		2,742,318

				2023		2022
			Notes			5
Cash flows from operating		activities
Cash generated from operations			20		220,392		91,606
Investing	activities
Purchase	oftangible gxed assets			(5,298)		(6,264)
Investment	income received			72,967		22,694
Net cash activities	generated from Investing				67,669		16,430
Net cash	used in financing	activities
Net Increase In cash and cash equivalents					288,061		108,036
Cash and	cash equivalents	at beginning	ofyear		2,669,809		2,561,773
Cash and	cash equivalents	at end of	year		2,957,870		2,869,809

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I		Ctt		I O	lO	CC
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		CC
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	N '0 0	Ctt CC O	4I	cC tlt	O CO C0
		Ctt		O O	l0 N
0		O Nt O Nt	ttf	f O 0)	I	OO IOO
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		Ctt				LA
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		2023	2022
			8
Conferences	and events	29,939	15,295
Fees for seconded staff		28,626	49,914
		58,565	65,209

Investments
					Unrestricted	Unrestricted
					Funds	funds
					2023	2022
					8	6
Bank interest	receivable				72,967	22,694
Charitable activities
			Direct	Support	Total	Total
			2023	2023	2023	2022
			6		6	8
Misistry and	support	staff costs	418,693	67,333	486,026	426,839
Depreciation and impairment Church Ministry			24,183	6,341	6,341 24,183	5,908 26,034
Conferences,	courses &events		43,259		43,259	21,336
Premises costs			224,100		224,100	193,669
Other supporl	costs			24,296	24,296	21,322
Governance	—audit fees			5,400	5,400	5,760
			710,236	103,370	813,605	700,868
Grant funding	ofactivities (see note 6)		108,265		108,265	103,033
			818,501	103,370	921,870	803,901
Analysis by fund Unrestricted funds			791,384	103,292	894,675	790,419
Restricted funds			27,117	78	27,195	13,482
			818,501	103,370	921,870	803,901

Grants	payable
						Total	Total
				Unrestdicted	Restricted	2023	2022
				E	E	E	E
Grants	to institutions:
African	Inland Mission			5,000		5,000	5,000
Baptist	Missionary	Society		3,000		3,000	3,000
Catalyst	Network ofChurches			5,000		5,000	5,000
Catalyst	Oxford Hub			25,000		25,000	20,000
Chapter	2			3,000		3,000	3,050
Christians Against		Poverty			6,000	6,000	2,000
Creating	Better Futures						6,060
Godfirst	Church						10,000
Reading	Refugee Support Group						5,000
Starling	Point			5,000		5,000	5,000
Torch				1,200		1,200	848
Transform Reading				1,000		1,000	1,000
Vyhitley	Community	Development	Association				2,000
Jubilee	Plus			3,000		3,000
NewFrontiers (Newday)				5,000		5,000
Your Local Pantry					875	875
				56,200	6,875	63,075	67,958
Grants to individuals				45,190		45,190	35,075
				101,390	6,875	108,265	103,033

The average	monthly	number ofemployees	number ofemployees	number ofemployees	during the	year was:
							202$	2022
							Number	Number
							16	16
Employment	costs						202$ E	2022 6
Salaries, Social Security			and Pensions				471,507	414,699
Other staff costs							14,519	12,140
							486,026	426,839
The number	ofemployees		whose annual	remuneration		was more than 860,000
isas follows:
							202$	2022
							Number	Number
560,000 - 870,000

10	Tangible fixed assets	Tangible fixed assets
				Fixtures, tittinss	nnd equipment
					2
	Cost
	At 1 January	2023			82,613
	Additions				5,298
	Disposals				(5,085)
	At 31 December 2023				82,826
	Depreciation	and impairment
	At 1 January	2023			54,799
	Depreciation	charged	in the year		6,341
	Eliminated in	respect ofdisposals			(5,085)
	At 31 December 2023				56,055
	Carrying amount
	At 31 December 2023				26,771
	At 31 December 2022				27,814
11	Debtors
				2023	2022
	Amounts falling due		within one year:	E	E
	Trade debtors				1,675
	Other debtors			15,236	14,089
	Prepayments	and accrued income		76,973	59,174
				92,209	74,938

Creditors: amounts falling due within o	ne year
		2023	2022
	Notes	E	E
Deferred income	14	4,056	3,092
Trade creditors		16,999	15,522
Other creditors		8,739	3,007
Accruals		7,696	8,622
		37,490	30,243

				2023	2022
				9	0
Other deferred income				4,056	3,092
Deferred	income is	included	in the financial statements as follows:
				2023	2022
				0
Deferred	income is	included	within:
Current	liabilities			4,056	3,092
Movements in the year:
Deferred	Income at	1 January 2023		3,092	635
Released from previous periods				(41,392)	(1,986)
Resources deferred		In the year		42,356	4,443
Deferred	income at	31 December 2023		4,056	3,092

			Movement	in funds			Movement	in funds
		Balance at	Incoming	Resources	Balance at		Incoming	Resources	Balance st
		1January 2022	resources	expendedt	January	2023	resources	expended	31December
									2S23
			f			f	6	8	E
Covid-19
hardship	fund	12,058		(12,058)
CAP Debt
centre							43,407	(25,383)	18,024
Other
restricted
funds		1,175	330	(1,424)		81	180	(261)
Local Mission
Fund							23,241	(1,551)	21,690
		13,233	330	(13,482)		81	66,828	(27,195)	39,714

				Movement		Movement
				in funds		in funds
			Balance at	Incoming	Balance at	Incoming	Balance at
		1	January 2022	resources1	January 2023	resources	31 December 2023
				E	E	E	E
Vision	fund		1,554,056	27,429	1,581,485	21,894	'l,603,379
			1,554,056	27,429	1,581,485	21,894	1,603,379

Analysis ofnet assets	between funds
	Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
	funds	funds		funds	funds
	2023	2023	2023	2022	2022	2022
	E	E	E	E	E	E
Fund balances at 31
December 2023 are
represented by. ' Tangible assets	26,771		26771	27,814		27,814
Current assets/(liabilities)	2,972,875	39,714	3,012,589	2,714,423	81	2,714,504
	2,999,646	39,714	3,039,360	2,742,237	81	2,742,318

20	Cash generated from operations	Cash generated from operations	Cash generated from operations				2023 f	2022
	Surplus for	the year					297,042	136,766
	Adjustments	for:
	Investment	income	recognised in statement		offinancial	activities	(72,967)	(22,694)
	Depreciation	and impairment oftangible		fixed assets			6,341	5,908
	Loss on the	disposal	offixed assets					1,029
	Movements	in working capital:
	(Increase) in debtors						(17,271)	(29,403)
	Increase/(decrease)		in creditors				6,283	(2,457)
	Increase in	deferred	income				964	2,457
	Cash generated from operations						220,392	91,606