2022-12-31-accounts - New Covenant Church Edmonton

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			Unrestricted	Restricted	2022	2021
			funds	funds	Total	Total
		Notes			K
INCOMING RESOURCES
Donations, tithes and offerings			310,943		310,943	261,957
Other incomin resources
Gift aid receivable			58,445		58,445	44,902
Sundry income Mission contribution received			15,000 23,830		15,000 23,830	15,000 11,340
Building fund Total incoming resources			408,218		408,218	333,199
RESOURCES EXPENDED
(Costs ofactivities infurtherance	of the
objects ofthe charity) Direct Charitable activities			205,237		205,237	123,417
Management and Support activities Governance costs			101,806 10,550		101,806 10,550	96,624 7,246
Finance costs			61,856		61,856	45,291
Total resources expended			379,449		379,449	272,578
Net movement in funds for the	period		28,769		28,769	60,621
Total funds brought forward			1,240,119		1,240,119	1,179,498
Revaluation reserve
Total Funds as at31December	2022		1,268,888		1,268,888	1,240,119

			Unrestricted	2022	2021
		Notes
FIXEDASSETS
Tangible assets			2,445,301	2,445,301	2,467,817
Current assets
Stock			295	295	390
Debtors and prepayments Cash at bank and in hand			166,879 25,724	166,879 25,724	169,330 59,206
			192,899	192,899	228,926
Creditors: amounts within	falling due one year		(66,081)	(66,081)	(100,794)
Net current assets			126,818	126,818	128,132
Total assets less current liabilities			2,572,119	2,572,119	2/95, 948
Creditors: amounts	falling due	after
more than one year		10	(1,303,230)	(1,303,230)	(1,355,829)
Net assets			1,268,888	1,268,888	1,240,119
Financed by: Funds		12	1,268,888	1,268,888	1,240,119
Total funds			1,268,888	1,268,888	1,240,119

Total staff costs during the period	were:
		2022	2021
Salaries and Wages		71,530	72,527
No employee received remuneration	ofmore than f60,000.

The governance costs ofthe charity consi	sted ofthe following costs:
	2022	2021
Auditor's remuneration	4,800	3,600
Accountancy fees	3,500	2,160
Legal and professional	2,250	1,486
	10,550	7,246

The net i	ncoming resources are stated aft	er charging the following costs:
		2022	2021
Depreciation		35,827	38,824
Auditors'	remuneration	4,800	3,600

All assets are heldfo	r charitable purpos	es
	Land &	Fixtures	&	Motor	~Com	uter
	b~utldtn	f~lttin		vebicies	~eui	ment
Cost		d
Balances b/f	2,730,076	6,300		15,000		51,373
Valuation/additions						13,312
Balances c/f	2,730,076	6,300		15,000		64,685
Accumulated
de reciation
Balance b/f	283,054	5,179		12,330		34,369
Charge for the year Balances c/f	27,301 310,355	280 5,459		667 12,998		7,579 41,948
Net book value
At 31/12/2022	2,419,720			2,002		22,737

8.	Debtors	2022	2021
	Prepayments and accrued income	20,575	10,500
	Other Debtors	146,304	158,830
		166,879	169,330
9.	Creditors due witbin 1year	2022	2021
	Loans and overdraft	57,781	56,020
	Other creditors and accruals	8,300	44,774
		66,081	100,794
10.	Creditors due after 1year	2022	2021
	Loans and overdraft	1,303,230	1,355,829
	Creditors due after 5years
	Loans and overdraft	1,031,193	1,098,823

		Balances at	Movement	in Resources	Balances at
		01/01/2022	~Incomin	~Out oIn	31/12/2022
Unrestricted	funds	331,857	408,218	(379,449)	360,626
Revaluation	reserve	908,262			908,262
Restricted funds
		1,240,119	408,218	(379,449)	1,268,888

ReconciTiation offunds - continued	ReconciTiation offunds - continued
		2022	2021
Represented Fixed Assets	by:	2,445,301	2,467,817
Current Assets		192,899	228,926
Liabilities		(1,369,311)	(1,456,624)
		1,268,888	1,240,119

						2021
INCOME
Donations, tithes and offerings:
			Unrestricted		310,943		261,957
Other income
Gift aid				58,445		44,902
Sundry income				15,000		15,000
Mission contribution			received	23,830		11,340
					97,275		71,242
					408,218		333,199
EXPENDITURE
Direct Charitable		Costs:
Wages and salaries				50,071		50,769
Rates				6,145		4,498
Honorarium				19,199		11,088
Donations				6,941
Evangelism/outreach			work	9,043		3,200
Welfare support				7,083		4,975
Training				3,150
Missions				50,782		14,488
Musician expenses				47,050		29,681
Publicity				2,865		570
Office/general	administration			2,908		3,354
				205,237		122,623
Management	&Support
Wages				21,459		21,758
Rent and rates				1,084		794
Premises maintenance				22,810		14,081
Insurance				2,990		2,795
Light and heat				14,467		13,508
Telephone				2,988		2,835
				65,798		55,771
Balances carried forward				271,035	408,218	178,394	333,199

					2021
Balances brought forward			271,035	408,218	178,394	333,199
Management	&Support	-cont'd
Computer and equipment		expenses	180		2,430
Subscriptions Depreciation	- Freehold property		27,301		393 24,717
Depreciation	- Fixture &	furnitures	280		374
Depreciation	-Motor vehicles		667		890
Depreciation	- Computer	equipment	7,579		12,843
			36,007		41,647
Governance	costs:
Legal Sr,Professional Auditor's remuneration			2,250 4,800		1,486 3,600
Accountancy	fees		3,500		2,160
			10,550		7,246
Finance Costs:
Bank charges			284		580
Mortgage interests			61,572		44,711
			61,856		45,291
				379,449		272,578
Surplus for	the period			28,769		60,621