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|CONTENTS|||
|---|---|---|
|||Page|
|Administrative
details|||
|Administrative
details|||
|Reports
Trustee directors'
report||3-9|
|Independent
auditors'
report||10-13|
|Financial statements|||
|Statement ofcomprehensive|income|14|
|Statement offinancial
position||15|
|Statement ofcash flow||16|
|Principal
accounting
pol iaas|and Notes to the accounts|17-26|
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||||Unrestricted|Restricted||Total|
|---|---|---|---|---|---|---|
||||funds|funds|||
|||Notes|||2022|2021|
|||||f,|||
|Income:||ld|||||
|Donations
and Legacies:|||||||
|Collections
and donations|||442,745|20,675|463,420|476,706|
|Gilt aid claim|||94,095|0|94,095|96,185|
|CJRS grant|||0||0|8,226|
|Income trom Investments|||618||618|47|
|Rental income|||0||0|0|
|Income trom charitable
activities||—eve'nts|33,731||33j731|14,615|
|Total income|||571,1S9|20,675|591,864|595,779|
|Expenditure||le|||||
|Expenditure
on charitable|activities:||||||
|Missions and evangelical|work|9|20,000|16,487|36,4$7|40,596|
|Cost ofChurch activities||10|554,128|0|554,12$|468,665|
|Governance
costs||12|28,795|0|2$,795|27,449|
|Total expenditure|||602W3|16,487|619,410|536,710|
|Net income/(expenditure)|and net||||||
|movement
in funds for the year|||||||
|||2|(31,734)|4,1SS|(27~6)|59,069|
|Reconciliation offunds|||||||
|Fund balances at I January|||2/61@25|4,478|2@66,403|2,307,334|
|Fund balances at31December||13|2430,191|8,666|2438,857|2,366,403|
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|||||2022|2021|
|---|---|---|---|---|---|
||||Notes|||
|Fixed assets||||||
|Land|||5|1437,800|1,237,800|
|Buildings|||5|729,438|747,125|
|Other tangible assets|||6|12,808|7,832|
|||||1,980,046|1,992,757|
|Current
Assets||||||
|Debtors||||28,685|34,839|
|Cash at bank|and in hand|||365,193|375,501|
|Current
assets||||393,878|410,340|
|Creditors
due|within one|year||(35,067)|'' (36,694)|
|Net current|assets|||358,811|373,646|
|Total Assets|less current|liabiTities||2/38,857|2,366,403|
|Net assets|||13|2438,857|2,366,403|
|Funds||||||
|Unrestricted|reserves||14|2430,191|2,361,925|
|Restricted reserves|||14|8,666|4,478|
|Total Funds|||14|2438,857|2,366,403|
##
||||||2022|2021|
|---|---|---|---|---|---|---|
|||||Notes|||
|Net cash (outflow)/inflow||from operating||15|(291)|92,708|
|activities|||||||
|Investing
activities|||||||
|Interest received|||||618|47|
|Payments
to acquire|tangible||fixed assets and||(10,635)|(11,979)|
|improve properties|||||||
|Net cash flow from|investing||activities||(10,017)|(11,932)|
|Increase/(Decrease|) in Cash||and cash||(10+08)|80,776|
|equivalents|||||||
|Cash and cash equivalents||at|I January||375401|294,725|
|Cash and cash equivalents||at|31December||365,193|375,501|
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||Yearso|Year to|
|---|---|---|
||December|December|
||2022|2021|
||Number|Number|
|Employees|10|11|
|The full time equivalent ofthe average number of|7|7|
|employees|||
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|||Year to|Year to|
|---|---|---|---|
|||December|December|
|||2022|2021|
|Wages|and salaries|293377|265,848|
|Social|Security costs|23,514|19,462|
|Other|pension costs|69,445|67,017|
|||386/36|352,327|
||||Year to|Year to|
|---|---|---|---|---|
||||December|December|
||||2022|2021|
|K70,000|to|f79,999|0|0|
|K80,000|to|f89,999|2|2|
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||Land|Buildings|Total|
|---|---|---|---|
|Cost||||
|At I January 2022|1,237,800|884,355|2,122,155|
|Additions|0|0|0|
|At 31December 2022|1,237,800|884,355|2,122,155|
|Depreciation||||
|At I January 2022|0|137,230|137,230|
|Charge for the year|0|17,687||
||||17687|
|At 31December 2022|0|154,917|154,917|
|Net book value at 31December 2022|1+37,800|729,438|1,967438|
|Net book value at 31December 2021|1337,800|747,125|1,984,925|
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||Fittings dr|||
|---|---|---|---|
||equipment|Furniture|Totalf|
|Cost||||
|At 1 January 2022|39,826|9,993|,49,819|
|Additions|10,635|0|10,635|
|Old assets written off'|(22,458)|(4,537)|(26,995)|
|At 31December 2022|28,003|5,456|33,459|
|Depreciation||||
|At
1 January 2022|.33,793|8,194|41,987|
|Old assets written off|(22,458)|(4,537)|(26,995)|
|Charge for the year|4,651|1,008|5,659|
|At 31December 2022|15,986|4,665|20,651|
|Net book value at 31December 2022|12,017|791|12,808|
|Net book value at 31 December 2021|6,033|1,799|7,832|
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|||Year to|Year to|
|---|---|---|---|
|||December|December|
|||2022|2021|
|||f||
|HM Revenue|and Customs (GiA Aid claim)|26481|28,310|
|Other debtors||833|4,1,67|
|Prepayments|and accrued income|1,471|2,362|
|||28,685|34,839|
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|||Year to|Year to|
|---|---|---|---|
|||December|December|
|||2022|2021|
|Accountants'|fee|7,000|6,500|
|Accrued expenses||9/15|10,780|
|Tax and social security costs||18,752|19,414|
|||357067|36,694|
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|||||Year to|Year to|
|---|---|---|---|---|---|
|||||December|December|
|||||2022|2021|
|Grants from unrestricted||funds||||
|French Children Mission||||15,000|15,000|
|Kanjanj i - Zambia||||5,000|5,000|
|Travelling
costs in visiting||missions||0|0|
|||||20,000|20,000|
|||||Year to|Year to|
|||||December|December|
|||||2022|2021|
|Grants from restricted|funds|||||
|'Koningsoffer'
Fund||||7,707|9,284|
|Financial
support South||||0|2,520|
|Kanjanj i - Zambia||||0|182|
|London Fund||||0|80|
|Kuyasa Fund||||8,780|8,530|
|||||16,487|20,596|
|Total grants from unrestricted|||and restricted funds|36,487|40,596|
##
||||||Year to|Year to|
|---|---|---|---|---|---|---|
||||||December|December|
||||||2022|2021|
|Church activities and||events costs|||||
|Ministers'
remuneration||and pension costs|||236,435|212,815|
|Other remuneration|costs||||132,836|122,573|
|Congregational
meetings,|||events|and activities|61,681|34,643|
|Rent —church and other|||buildings||26,197|14,949|
||||||457,149|384,980|
|Support costs|||||||
|Housing
costs|||||29,146|26,602|
|General insurance|||||3,837|3,673|
|Compassion relief|||||||
||||||1,000||
|Travelling
expenses|||||17,184|10,838|
|Stationery,
Calendar,|Newsletters,|||etc.|2,080|2,522|
|Telephone,
internet|and|relevant||costs|6481|6,019|
|Staff entertainment|||||500|658|
|Information
technology|||costs||13@05|12,340|
|Depreciation|||||23/46|21,033|
||||||96,979|83,685|
|Total costs|||||554,128|468,665|
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||||||Year to|Year to|
|---|---|---|---|---|---|---|
||||||December|December|
||||||2022|2021|
|||||||f.|
|Bank charges|||||2&279|2,534|
|Audit fees|and|other sundry|items||7,100|5,920|
|Administrative||stafFcosts|||17,066|16,940|
|Stationery|and|other costs|||2/50|2,055|
||||||28,795|27,449|
|Summary|of|Net assets by|Fund||||
|||||Fixed|Net|Total Net|
|||||Assets|current|Assets|
||||||assets||
|Unrestricted||funds|||||
|General reserve fund||||1,980,046|250,145|2,230,191|
|Designated|funds||||||
|Pastor Exchange Fund|||||50,000|50,000|
|Scaling|down reserve||||50,000|50,000|
|||||1,980,046|350,145|2,330,191|
|Restricted|funds||||||
|'Koningsoffer'||Fund||0|7756|7756|
|Kuyasa Fund||||0|910|910|
|||||0|8,666|8,666|
|||||1,980,046|358411|2438,857|
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||||01/01/2022|Inflow||Outflow|31/12/202|
|---|---|---|---|---|---|---|---|
||||||||2|
||||f|f||f|f|
|Unrestricted||funds||||||
|General reserve fund|||2,261,925|571,189||602,923|2,230,191|
|Designated|funds|||||||
|Pastor Exchange Fund|||50,000|0||0|50,000|
|Scaling down reserve|||50,000|0||0|50,000|
||||2,361,925|571,189||602,923|2,330,191|
|Restricted|funds|||||||
|'Koningsoffer'||Fund|3,588|11,875||7,707|7,756|
|Kuyasa Fund|||890|8,800|'|8,780|910|
||||4,478|20,675||16,487|8,666|
||||2466,403|591,864||619,410|2/38,857|
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|Reconciliation
ofprofit|to net cash (outflow)flinflow|from operating|activities|
|---|---|---|---|
|||2022|2021|
|Profit/(Loss) for the year||(27,546)|59,069|
|Adjustments
to reconcile|profit for the year to net|||
|cash flow from operating|activities|||
|Depreciation||23446|21,034|
|Finance income||(618)|(47)|
|Working capital movements||||
|(Increase)/Decrease
in|debtors|6,154|5,771|
|Increase/(Decrease)
in|creditors|(1,627)|6,881|
|Net cash (outflow)/inflow|Rom operating|(291)|92,708|
|activities||||
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