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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||
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||||||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|
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||||||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|
##
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||||||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|
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|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)|
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|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|
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||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|
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||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|
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