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|for the Y|ear Ended 31|Decem|ber 2022||
|---|---|---|---|---|
|||||Page|
|Legal and|Administrative|information||3|
|Report of|the trustees|||4-7|
|Report of|the independent
examiner|||8|
|Statement|of Financial|Activities||9|
|Balance Sheets||||10|
|Cashf low|Statement|||11|
|Notes to the Financial Statements||||12 - 16|
|Detailed statement
of Financial|||Activities,||
|(Do not form|part ofnotes to|Financial|statement).|178 18|
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|for the
ear ended|31 D|ecember 2022||||||
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total Funds|Total Funds|
||||Notes|Funds|Funds|December|December|
|||||||2022|2021|
|INCOME & ENDOWMENT||FROM||||||
|Donations
and legacies||||193,229|4,750|197,979|179,283|
|Investment
Income||||361||361|11|
|||Total Income||193,590|4,750|198,340|179,294|
|Expenditure||||||||
|Cost ofraising funds||||||||
|Raising funds||||18,190|4,750|22,940|26,620|
|Charitable
activities||||||||
|General funds||||133,552||133,562|101,096|
|Total||||151,742|4,750|166,492|127.717|
|NET INCOME I (EXPENDITURE)||||41,848||41,848|51.577|
|RECONCILIATION
OF FUNDS||||||||
|Total funds brought|forward|||129,747|11,070|140,818|89,241|
|TOTAL FUNDS CARRIED||FORWARD||171,595|11,070|182,666|140,818|
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||||||Notes|2022|2021|
|---|---|---|---|---|---|---|---|
|Cash|generated
from operating
activties:|||||||
||Net Cash provided
by (used in) operating||activities|||42,530|80,046|
|Cash|flows from investing
activites:|||||||
|Interest from invetsments||||||1,854|246|
|Purchase oftangible
fixed asets||||||(23,149)|(6,617)|
|Net Increase/(decrease)
in cash in the year||||||21,235|73,676|
|Cash|in bank and in
hand less overdrafts
at the beginning|||ofthe year||167,532|93,857|
|Total|Cash
in bank and
in
hand less overdrafts|at the end||ofthe year||188,767|167,532|
|Notes|Year Ended 31 December 2022|||||||
|1|RECONCILIATION
OF NET INCOME TO NET||CASH|FLOW FROM|OPERATING ACTIVTIES|||
||NET Income per Statement
of Financial|activities||||41,848|51,577|
||Adjustmenst
for:|||||||
||Depreciation
Charges|||||8,622|4,445|
||Deduct Interest from invetsments|||||(1,854)|(246)|
||Increase (Decrease)
in Creditors|||||964|21,903|
||Decrease (Increase)
in Debtors|||||(7,050)|2,368|
||Net Cash provided
by (use in) operating||activties|||42,530|80,046|
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|6.Staff costs|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||2022|2021|
||||||||||||6|5|
|Wages and Salaries|||||||||||33,378|33,376|
|The average|number|of employees|||||||||||
|No employees|earned||between|f60,000 during||the|year|(2020:2021)|||||
|7.Tangible fixed assets|||||||||||||
||||||Fixtures &|||Computer||Motor|||
|||||Premises|Fittings|||Equipment||Vehicle|Plant &machinery|Total|
|||||6||5||5||6||6|
|Cost|||||||||||||
|At 01 January|2022|||116,600||7,437||2,370||5.875|59,547|193,829|
|Disposals||||||||||5,875||5,875|
|Additions||||||||||22,788|361|23,149|
|At 31 December 2022||||118,600||7.437||2,370||22.788|59,908|211,103|
|Depreciation|||||||||||||
|At 01 January|2022|||118,600||7,437||1,500||5,875|52,192|185,604|
|Charge for the year|||||||||251|4,558|3,813|8,622|
|Disposal||||||||||5,875||5,875|
|At 31 December 2022||||118,600|||7,437|1,751||4,558|56,005|188,351|
|Net book value|||||||||||||
|At 31 December 2022|||||||||619|18,230|3,903|22,753|
|At 31 December 2021|||||||||870||7,355|8,255|
|8.Debtors: amount
falling due within one|||||year||||||||
||||||||||||2022|2021|
||||||||||||6|6|
|Loan Io staff|and sister parish||||||||||603|200|
|Debtor - other|||||||||||5,750|1,750|
|Net Wages|||||||||||3,187|703|
|Prepayments|||||||||||||
|Credit Card (Tithe and Offering)|||||||||||8,446|8,283|
||||||||||||17,986|10,937|
|9.Cash balance|||||||||||||
|Bank Current|Account||(NATWEST Current)||||||||19,085|14,902|
|Bank Deposit|Account||(NATWEST Bonus||Saver)||||||162,653|144,667|
|Cash in Hand|||||||||||7,029|7,963|
||||||||||||188,767|167,532|
|10.Creditors: amounts|||falling due within one year||||||||||
|Creditors|||||||||||3,301|2,337|
|Accrued Expenses|||||||||||43,539|43,539|
|Bank Loan|||||||||||||
||||||||||||46,841|45,676|
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|11.Movement||in fu|nds||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||||||||At|Net Movement|in|At||
|||||||||01/01/22|Funds||31/12/22||
|||||||||E|E||E||
|Unrestricted||funds|||||||||||
|Charitable||||||||129,747|41,848||171,595||
|Restricted||Funds|||||||||||
|Charitable||||||||11070|||11,070||
|||||||||140,818|41,848||182,865||
|Net movements|||in funds,|included||in the above are|as follows:||||||
|||||||||Incoming|Resources||Movement|in|
|||||||||resources|expended||funds||
|||||||||E|||||
|Unrestricted||funds|||||||||||
|General Fund||||||||193,590|(151,742)||41,848||
|Restricted|funds||||||||||||
|Restricted|fund|||||||4,750|(4,750)||||
|Total funds||||||||198,340|(156,492)||41,84e||
|Comparative||for|movement|in funds|||||||||
|||||||||At|Net Movement|in|At||
|12.Nlovement||in funds||||||01/01/21|Funds||31/12/21||
|||||||||E|E||E||
|Unrestricted||funds|||||||||||
|Charitable||||||||78,171|51,577||129,748||
|Restricted||Funds|||||||||||
|Charitable||||||||118070|||11,070||
|||||||||89,241|51,577||140,818||
|Net movements|||in funds, included||in|the above are as|follows:||||||
|||||||||Incoming|Resources||Movement|in|
|||||||||resources|expended||funds||
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|Unrestricted||funds|||||||||||
|Charitable|Fund|||||||179,294|(127,717)||51,577||
|Restricted||funds|||||||||||
|Charitable|fund||||||||||||
|Total funds||||||||179,294|(127,717)||51,577||
|13.Acurrent|year||12months|and prior year 12months|||combined|position is as follows:|||||
|||||||||At|Net Movement|in|At||
|||||||||01/01/21|Funds||31/12/22||
|||||||||E|E||E||
|Unrestricted||funds|||||||||||
|Charitable||||||||78,171|93,425||171,595||
|Restricted||Funds|||||||||||
|Charitable||||||||11,070|||11,070||
|||||||||89,241|93,425||182,665||
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|INCOMING RESOURCES|INCOMING RESOURCES|||December|December|
|---|---|---|---|---|---|
|||||2022|2021|
|||||F||
|Voluntary
income||||||
|Tithes &offerings||||151,820|129,539|
|Thanksgiving||||5,237|4,652|
|Gift aid claimed||||36,483|17,929|
|HMRC JRS Grant|||||16,022|
|Sundry donations||||3,408|10,280|
|Building
fund||||230|860|
|Surplus
on Disposal of|Assets|||800||
|||||197,979|179,283|
|Investment
Income||||||
|Year Ended 31 December||2022||361||
|Total incoming
resource||||198,339|179,293|
|RESOURCES EXPENDED||||||
|Cost ofgenerating
voluntary|||income|||
|World Evangelical
Mission||||14,094|22,969|
|Central office charges||||900|900|
|Donation to FOL||||1,200|1,200|
|Donations - Other RCCG Parishes||||6,746|1,551|
|||||22,940|26,620|
|Charitable
activities||||||
|Purchase
oftapes and|books|||829|403|
|Honorarium||||5,346|6,631|
|Children's
service expenses||||321||
|Conferences,
conventions||and|retreat|9,303|216|
|Outreach||||6,356|8,508|
|Welfare support||||2,527|4,057|
|Hospitality|||||1,030|
|Audio visual expenses||||971|300|
|Publicity||||900|925|
|Legal and professional|fees|||1,089||
|Audit and accountancy|fees|||1,500|2,300|
|Professional
Fees, Licences &|||Permits|1,524|1,620|
|||||30,664|25,991|
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|ear ended 31 Dec|ear ended 31 Dec|ember 2022||||
|---|---|---|---|---|---|
|Support Costs||||||
|Management||||||
|Wages||||33,378|33,378|
|Volunteer
Expense||||1,440||
|Rent and rates||||12,000|12,000|
|Utilities||||9,515|6,984|
|Telephone||||1,113|811|
|Printing,
postage & stationery||||1,662|380|
|Insurance||||1,966|620|
|Transportation||||5,774|2,492|
|Repairs & renewals||& Equipment|Hire|4,767|7,672|
|Premises Expenses||||10,624|2,712|
|General expenses||||10,173|3,367|
|Depreciation|Vehicle|||4,558||
|Depreciation|ofoffice equipment|||251|251|
|Depreciation|ofchurch equipment|||3,813|4,194|
|Depreciation|ofchurch premises|||||
|||||101,034|74,860|
|Finance||||||
|Bank charges||||1,854|246|
|Loan interest||||||
|||||1,854|246|
|Total resources expended||||156,492|127,717|
|Net income||||41,848|51,577|
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