2022-12-31-accounts - Catalyst Network Of Churches

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		Page
Report ofthe Trustees	1	to	3
Report ofthe Independent Auditors	4	to	6
Statement ofFinancial Activities
Balance Sheet	8	to	9
Cash Flow Statement		10
Notes to the Cash Flow Statement
Notes to the Financial Statements	12	to	21
Detailed Statement ofFinancial Activities		22

					2022	2021
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
		Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies			151,597	1,545,097	1,696,694	382,201
Charitable activities
Advancement ofthe Christian	Faith		49,925	18,280	68,205	54,015
Investment income			550		550	278
Total			202 072	1 563377	1765449	436,494
EXPENDITURE ON
Charitable activities
Advancement of the Christian	Faith		210881	647 677	858 558	474,898
NET INCOME/(EXPENDITURE)			(8,809)	915,700	906,891	(38,404)
Transfers between funds		16	(31789)	31789
Net movement in funds			(40,598)	947,489	906,891	(38,404)
RECONCILIATION OF FUNDS
Total funds brought forward			446,484	158,133	604,617	643,021
TOTAL FUNDS CARRIED	FORWARD		405 886	1105622	1511508	604,617

					2022	2021
			Unrestricted	Restricted	Total	Total
			funds	funds	funds	funds
		Notes
CURRENT ASSETS
Debtors		14		39,594	39,594
Cash at bank			409,969	1069,244	1,479213	605,129
			409,969	1,108,838	1,518,807	605,129
CREDITORS
Amounts falling due within one year		15	(4,083)	(3,216)	(7,299)	(512)
NET CURRENT ASSETS			405,886	1,105,622	1511,508	604,617
TOTAL ASSETSLESS	CURRENT
LIABILITIES			405,886	1,105,622	1,511,508	604,617
NET ASSETS			405 886	1 105622	1511508	604,617
FUNDS		16
Unrestricted funds:
General fund					222,035	246,870
Designated funds					183851	199,614
					405 886	446,484
Restricted funds:
Festival					14,303	14,303
Support ofchurches					827	827
Ukraine fund					989,701	8,443
Leadership weekend					1,304
Development fund					59,219	62,807
Covid-19 fund					7,454	27,987
Business redevelopment	fund				32 814	43,766
					1,105622	158,133
TOTAL FUNDS					1511508	604,617

					2022	2021
				Notes
Cash flows from operating	activities
Cash generated from operations Finance costs paid					874,531 (997)	(73,983) ~1917
Net cash provided by/(used	in)	operating		activities	873,534	~74,1747
Cash flows from investing	activities
Interest received					550	278
Net cash provided by investing		activities			550	278
Change in cash and cash equivalents			in
the reporting period					874,084	(73,896)
Cash and cash equivalents	at	the
beginning ofthe reporting	period				605 129	679,025
Cash and cash equivalents	at	the end	of
the reporting period					1,479 213	605,129

OPERATING AC	TIVITI	ES
				2022	2021
Net income/(expenditure)		for the reporting	period (asper the
Statement ofFinancial Activities)				906,891	(38,404)
Adjustments for:
Interest received				(550)	(278)
Finance costs				997	191
Increase in debtors Increase/(decrease)	in creditors			(39,594) 6787	~35,492)
Net cash provided	by/(used	in) operations		874 531	~73,983)

ANALYSIS OF CHANGES IN NET	FUNDS
	At 1.1.22	Cash flow	At 31.12.22
Net cash
Cash at bank	605129	874 084	1479213
	605,129	874,084	1479213
Total	605 129	874,084	1479,213

	period ofthe revision and future periods where the revision affects b	period ofthe revision and future periods where the revision affects b	period ofthe revision and future periods where the revision affects b	oth current and future periods	.
	DONATIONS AND LEGACIES
				2022	2021
	Donations			1,496,867	93,758
	Grants			199,827	288,443
				1 696694	382,201
	Grants received, included	in	the above, are as follows:
				2022	2021
	New Life Church, Milton	Keynes		12,291	23,700
	New Frontiers International		Trust Limited	8,222
	King's Arms Trust, Bedford			13,710	20,492
	Jubilee Church, Coventry			51,405	9,960
	Other grants			114 199	234,291
				199,827	288,443
5.	INVESTMENT INCOME
				2022	2021
	Deposit account interest			550	278

	for the year ended	for the year ended	for the year ended	for the year ended	for the year ended	for the year ended	for the year ended	31Dece	mber 2022
	INCOME FROM CHARITABLE ACTIVITIES
										2022	2021
				Activity
	Charitable activities			Advancement			ofthe	Christian	Faith	~68 205	54,015
7.	CHARITABLE ACTIVITIES COSTS
									Grant
									funding of
									activities	Support
									(see note	costs (see
									8)	note 9)	Totals
	Advancement	ofthe Christian		Faith					748343	110215	858 558
8.	GRANTS PAYABLE
										2022	2021
	Advancement	ofthe Christian		Faith						748 343	359,733
	The total grants paid to		institutions		during	the	year was as follows:
										2022	2021
	Support ofchurches									746743	353,733
9.	SUPPORT	COSTS
									Information	Governance
							Management		technology	costs	Totals
	Advancement	ofthe Christian		Faith				100,938	2,039	7238	110,215
	Support costs, included		in the	above, are as follows:
										2022	2021
										Advancement
										ofthe
										Christian	Total
										Faith	activities
	Wages and salanes									72,405	58,798
	Pensions									1,272	934
	Travel									11,771	277
	Support and	other office costs								14,493	11,474
	Festival costs										38,816
	Interest payable and similar charges									997	191
	IT and computer costs									2,039	2,260
	Auditors' remuneration									4,000
	Independent	examination									1713
	Legal and professional		fees							3238	702
										110215	115165

	No employees received emoluments in excess off60,000.	No employees received emoluments in excess off60,000.	No employees received emoluments in excess off60,000.	No employees received emoluments in excess off60,000.
13.	COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
				Unrestricted	Restricted	Total
				funds	funds	funds
	INCOME	AND ENDOWMENTS FROM
	Donations	and legacies		274,603	107,598	382,201
	Charitable	activities
	Advancement ofthe Christian		Faith	53,465	550	54,015
	Investment	income		278		278
	Total			328,346	108,148	436,494
	EXPENDITURE ON
	Charitable	activities
	Advancement ofthe Christian		Faith	183,647	291,251	474,898

		CATALYST NETWORK OF CHURCHES	CATALYST NETWORK OF CHURCHES	CATALYST NETWORK OF CHURCHES	CATALYST NETWORK OF CHURCHES
		NOTES TO THE FINANCIAL STATEMENTS - continued
			for the year ended 31December 2022
13.	COMPARATIVES	FOR THE STATEMENT OF FINANCIAL			ACTIVITIES - continued
					Unrestricted	Restricted	Total
					funds	funds	funds
	NET INCOME/(EXPENDITURE)				144,699	(183,103)	(38,404)
	Transfers between	funds			~45,000)	45,000
	Net movement in funds				99,699	(138,103)	(38,404)
	RECONCILIATION		OFFUNDS
	Total funds brought	forward			346,785	296,236	643,021
	TOTAL FUNDS CARRIED FORWARD				446,484	158,133	604,617
14.	DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR
						2022	2021
	Other debtors					~39594
15.	CREDITORS: AMOUNTS FALLING DUE			WITHIN ONE YEAR
						2022	2021
	Accruals and deferred		income			~7299	512
16.	MOVEMENT IN FUNDS
					Net	Transfers
				movement		between	At
				At 1.1.22	in funds	funds	31.12.22
	Unrestricted funds
	General fund			246,870	55,665	(80,500)	222,035
	Designated funds			199614	(64474)	48 711	183851
				446,484	(8,809)	(31,789)	405,886
	Restricted funds
	Festival			14,303			14,303
	Support ofchurches			827			827
	Ukraine fund			8,443	979,469	1,789	989,701
	Leadership weekend				1,304		1,304
	Development fund			62,807	(3,588)		59,219
	Covid-19 fund			27,987	(20,533)		7,454
	Business redevelopment		fund	43 766	(40,952)	30000	32814
				158,133	915,700	31,789	1105622
	TOTAL FUNDS			604 617	906,891		1,511,508

		Incoming	Resources	Movement
		resources	expended	in funds
Unrestricted funds
General fund		144,555	(88,890)	55,665
Designated funds		57517	(121/91)	(64 474)
		202,072	(210,881)	(8,809)
Restricted funds
Support ofchurches		38,807	(38,807)
Ukraine fund		1,481,511	(502,042)	979,469
Leadership weekend		18,280	(16,976)	1,304
Development fund		17,000	(20,588)	(3,588)
Turkey fund		7,500	(7,500)
Covid-19 fund		79	(20,612)	(20,533)
Business redevelopment	fund	200	(41152)	(40 952)
		1563 377	(647 677)	915700
TOTAL FUNDS		1765449	(858,558)	906891

				Net	Transfers
				movement	between	At
			At 1.1.21	in funds	funds	31.12.21
Unrestricted funds
General	fund		172,008	64,792	10,070	246,870
Designated funds			174,777	79,907	~55,070)	199,614
			346,785	144,699	(45,000)	446,484
Restricted funds
Festival			11,881	2,422		14,303
Support	ofchurches		3,865	(3,038)		827
Ukraine	fund		6,043	(2,600)	5,000	8,443
Development fund			84,494	(21,687)		62,807
Covid-19 fund			189,353	(80,349)	(81,017)	27,987
Business	redevelopment	fund	600	~77,85))	121,017	43,766
			296,236	(183,103)	45,000	158,133
TOTAL	FUNDS		643,021	(38,404)		604,617

		Incoming	Resources	Movement
		resources	expended	in funds
Unrestricted funds
General fund		148,096	(83,304)	64,792
Designated funds		180,250	(100,343)	79,907
		328,346	(183,647)	144,699
Restricted funds
Festival		17,446	(15,024)	2,422
Support ofchurches		35,499	(38,537)	(3,038)
Ukraine fund		9,400	(12,000)	(2,600)
Development fund			(21,687)	(21,687)
Turkey fund		2,500	(2,500)
Covid-19 fund		15,162	(95,511)	(80,349)
Business redevelopment	fund	28,141	~)05,992)	~77,85))
		108,148	~291,251)	~183,103)
TOTAL FUNDS		436,494	(474,898)	(38,404)

			Net	Transfers
			movement	between	At
		At 1.1.21	in funds	funds	31.12.22
		E
Unrestricted funds
General fund		172,008	120,457	(70,430)	222,035
Designated funds		174,777	15,433	(6,359)	183,851
		346,785	135,890	(76,789)	405,886
Restricted funds
Festival		11,881	2,422		14,303
Support ofchurches		3,865	(3,038)		827
Ukraine fund		6,043	976,869	6,789	989,701
Leadership weekend			1,304		1,304
Development fund		84,494	(25,275)		59,219
Covid-19 fund		189,353	(100,882)	(81,017)	7,454
Business redevelopment	fund	600	~118,803)	151,017	32,814
		296,236	732,597	76,789	1,105,622
TOTAL FUNDS		643,021	868,487		1,511,508

		Incoming	Resources	Movement
		resources	expended	in funds
Unrestricted funds
General fund		292,651	(172,194)	120,457
Designated funds		237,767	~222,334)	15,433
		530,418	(394,528)	135,890
Restricted funds
Festival		17,446	(15,024)	2,422
Support ofchurches		74,306	(77,344)	(3,038)
Ukraine fund		1,490,911	(514,042)	976,869
Leadership weekend		18,280	(16,976)	1,304
Development fund		17,000	(42,275)	(25,275)
Turkey fund		10,000	(10,000)
Covid-19 fund Business redevelopment	fund	15,241 28,341	(116,123) ~147,144)	(100,882) ~1)8,803)
		1,671,525	(938,928)	732,597
TOTAL FUNDS		2,201,943	(1,333,456)	868,487