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|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)|||||
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|||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|
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||||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|
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||||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|
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|||||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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|||Ctt|ttt||O||
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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|
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|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|
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|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|||||||||
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|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|
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|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|
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|||||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|
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||||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|
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|||||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|
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|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|
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