| Legal and Administrative | Information |
|---|---|
| Report ofthe Trustees | |
| Independent Examiner's |
report |
| Statement ofFinancial Activities | |
| Balance sheet | |
| Cash Flow Statement | |
| Notes tothe Accounts |
| Restated | |||||||
|---|---|---|---|---|---|---|---|
| Notes | Current year Unres meted |
Cunent year Restouted |
Currenr. year Toud Funds |
Prhr Year Total Funds |
|||
| Funds | Funds | ||||||
| 2022 | 2022 | 2022 | 2021 | ||||
| E | E | E | E | ||||
| income Br.Endowments |
Born | ||||||
| Donadons BtLegacies |
75,036 | 11,430 | 86,466 | 70,278 | |||
| investments | 10,395 | 4,312 | 14,707 | 17,224 | |||
| Total income | A | 85,431 | 15,742 | 101,173 | 87,502 | ||
| Expenditure on: |
|||||||
| Charitable acdviuts Total~ |
35,300 35,300 |
8,019 8,019 |
43,319 43,319 |
44,454 44,454 |
|||
| Net gains on investments | (1,000) | (1,000) | 20,636 | ||||
| Net income for the year | A-8+C | 50,131 | 6,723 | 56,854 | 63,684 | ||
| RecouciTiatiou offunds:— | |||||||
| Total funds bmught | forward | 103,499 | »7,104 | 220,603 | 156.919 | ||
| Total funds cerned forward |
153,630 | 125,642 | 279,272 | 220,603 |
| Prior Year | Prior Year | Prior Year | ||||
|---|---|---|---|---|---|---|
| Notes | Unrestricted | Resuicted | Total Funds | |||
| Funds | Funds | |||||
| 2021 | 2021 | 2021 | ||||
| 8 | 8 | 8 | ||||
| Income & | Endowments | fmm: | ||||
| Dorutions | &Legacies | 64,978 | 5,300 | 70,278 | ||
| Investments | 17,224 | 17,224 | ||||
| Total income | 82,202 | 5,300 | 87,502 | |||
| Charitable activities Total~ |
44,454 44,454 |
|||||
| Net gains on mvestments | 20,636 | 20,636 | ||||
| Net income for the year | 37,748 | 25,936 | 63,684 | |||
| Reconciliation offunds:— | ||||||
| Total funds | brougla forward | 65,751 | 91,168 | 156,919 | ||
| Total funds | canied forward | 103,499 | 117,104 | 220,603 |
| Restated | ||||||
|---|---|---|---|---|---|---|
| 2022 | 2021 | |||||
| 8 | 8 | |||||
| Surplus for the year:- | ||||||
| Net excess ofincome over expenditure | Rom operations | before tax | 57,854 | 43,048 | ||
| income from | operations before |
renin the Smremenr ofFinancial | 57.854 | 43,048 | ||
| Acrivires | ||||||
| Add/(deduct) | non inrosne snd expendinzreitems:— | |||||
| Unrealised gains |
on investments | (1,000) | 20,636 | |||
| Net Movement | in funds before taxation | 56,854 | 63,684 | |||
| Taxation arising | m the year | |||||
| Funds generated | in the year as shown on Statement ofFinancial | |||||
| Activities | 56.854 | 63,684 | ||||
| 11 |
| towards fixed a |
ssets for C | harity use:- | |||
|---|---|---|---|---|---|
| Restated | |||||
| 2022 | 2021 | ||||
| 8 | 8 | ||||
| Funds generated | in tbe year as | detaged m the SOFA | 56,854 | 63,684 | |
| Resources applied |
on functional | fixed assets | (7,545} | ||
| Other applications | offunds | ||||
| Net resources | available to | fund charitable | activities | 49,309 | 63,684 |
| Revenue accumulated | Revenue accumulated | funds | Restated | ||||
|---|---|---|---|---|---|---|---|
| Unrestricmd | Restricted | Total | Last year | ||||
| Funds | Funds | Funds | Total Funds | ||||
| 2022 | 2022 | 2022 | 2021 | ||||
| K | K | 8 | |||||
| Accumulated funds brought |
forward | 103,499 | 31,740 | 135,239 | 71,555 | ||
| Recognised gains | and | losses | before uansfets | 50,131 | 6,723 | 56,854 | 63,684 |
| 153,630 | 38,463 | 192,093 | 135,239 | ||||
| Closing revenue | funds | 153,630 | 40,278 | 193,908 | 135,239 | ||
| Fixed asset funds | Resuicted | Toml | Last year | ||||
| Funds | Funds | Total Funds | |||||
| 2022 | 2022 | 2021 | |||||
| K | K | ||||||
| At 1 January | 85,364 | 85,364 | 85,364 | ||||
| At 31December | 85,364 | 85,364 | 85,364 | ||||
| Summanr of funds | Uoresmeted | Resuicted | Total | Last Year | |||
| and | Funds | Funds | Total Funds | ||||
| Designated funds 2022 |
2022 | 2022 | 2021 | ||||
| g | g | ||||||
| Revenue accumulated | ftmds | 153,630 | 40,278 | 193,90S | 135,239 | ||
| Fixed asset funds | 85,364 | 85,364 | 85,364 | ||||
| Toul finxls | 153,630 | 125,642 | 279,272 | 220,603 |
| CHRIST GOSPEL ASSEMBLY Income and Expenditure Account for the Companies Act 2006 |
year ended 31December | 2022 as required by |
the |
|---|---|---|---|
| 2022 | 2021 | ||
| 8 | 8 | ||
| fncome | |||
| Income fiom operations | 70,278 | ||
| Investment income Income f'rom investmeras, other than interest Interest receivable |
receivable | 14,685 22 |
17,218 6 |
| Gross income in tbe year before exceptional items | 101,173 | 87,502 | |
| Gmss income in the yon induding mxepuuuai |
items | 101,173 | 87,502 |
| Expetxdiure | |||
| Charitab)e~,excluding depreciation Depreciation and amortisation Governance costs |
and amortisation | 40,893 1,526 900 |
42,405 I,149 900 |
| Net (Gains) / Losses on Investmeras | 1,000 | (20,636) | |
| Total expendsme in the year |
44,319 | 23,818 | |
| Net income before tax in the finandai year | 56,854 | 63,684 | |
| Net income afier tax in the financial year | 56,854 | 63,684 | |
| Retained surplus for the financial year |
56,854 | 63,684 | |
| All acrivfuies derive I'rom continuing operations |
| Restated | ||||||
|---|---|---|---|---|---|---|
| Notes | 2022 | 2021 | ||||
| 8 | ||||||
| Fixed assets | ||||||
| intangible assets |
365 | 548 | ||||
| Tangible assets | 9,805 | 3,603 | ||||
| lovesunetss hdd as gxed assets | 105,000 | 106,000 | ||||
| Total Sxed assets | 115,170 | 110,151 | ||||
| Current assets |
||||||
| Cash at bank and in hand. | 165,452 | 110,452 | ||||
| Creditors: amounts |
falling due | |||||
| within one year | (L350) | |||||
| Net current assets | 164,102 | 110,452 | ||||
| The total net assets charity |
of the | 279,272 | 220,603 |
| The total net assets ofthe charity are funded by the funds | The total net assets ofthe charity are funded by the funds | The total net assets ofthe charity are funded by the funds | of the charity, | as foBows.'- |
|---|---|---|---|---|
| Restricted funds |
||||
| Restricted Revenue Funds | 10 | 40,278 | 31,740 | |
| Resmcted Fixed Asset Funds | 10 | 85,364 | 85,364 | |
| 125,642 | 117,104 | |||
| Unrestricted Funds |
||||
| Unres meted Revenue Funds | 10 | 153,630 | 103,499 | |
| 153,630 | 103,499 | |||
| Designated Funds |
||||
| Total charity funds | 279.272 | 220,603 |
| 2021 | ||||
|---|---|---|---|---|
| 8 | ||||
| Cash Bows Rom operating activiYies | ||||
| Net cash provided by operating activities as shown |
below | A | 47,S38 | |
| Cash ZowaBcaminvaariug acrrvir1es |
||||
| Interest received | 22 | 6 | ||
| Other investment income, including rents from investments |
14,685 | 17,218 | ||
| Purchase ofproperty, plant and equipment | (7,545) | |||
| Net cash provided by investing activities | B | 7,162 | 17224 | |
| Overall cash provided by all activities | A+B | 55,000 | 42,420 | |
| Change in cash and cash equivalents from |
||||
| activities in the year ended 31December 2022 |
55,000 | 42,420 | ||
| Cash and cash equivalents at I january 2022 |
110,452 | 68,032 | ||
| Cash atbank and in hand less overdrags at31December | 165,452 | 110,452 | ||
| Reconciliation ofnet income tonet cash flow fmm | operating | activities | ||
| Net income as shown in the Statement ofFinancial | Activities | 58,669 | 63,684 | |
| Adhssnreum &r:- |
||||
| Depreciation charges |
1,343 | 966 | ||
| Amortisation charges |
183 | 183 | ||
| Write downs ofinvestments | ||||
| Net unrealised losses on investment assets |
1,000 | (20,636) | ||
| Dividends, interest and rents from investments |
(14,707) | (17,224) | ||
| Increase / (Decrease) in creditors, excluding loans |
1,350 | (1,777) | ||
| Net cash pmvided by operating activiYies |
A | 47,838 | 25,196 |
| Freehold property | —not depreciated |
|---|---|
| Long term leasehold property | —50years |
| Fixtures and Fitdngs | —10years |
| Office Equipment | —10years |
| Motor Vehicle | —5years |
| Donations. Grant |
s | and L | ega | cies | ||||||
|---|---|---|---|---|---|---|---|---|---|---|
| Currem year | Current year | Cunent | year | Prior Year | ||||||
| Untestnctett | Restncted | Total Funds | Total Funds | |||||||
| Funds | Funds | |||||||||
| 2022 | 2022 | 2022 | 2021 | |||||||
| K | E | E | ||||||||
| Donations and gifis fiom |
individuals | |||||||||
| Gift aid chim | 12,494 | 12,494 | 9,618 | |||||||
| Buikhng fiund |
3,885 | 3,885 | 2,115 | |||||||
| Tithes, oiferings, | thanksgiving | 57,753 | 57,753 | 47,762 | ||||||
| Vows and Pledges | 4,414 | 4,414 | ||||||||
| Covid-19 Job retention grant | 7,817 | |||||||||
| Womens Fund |
375 | 375 | 2,966 | |||||||
| Donated Assets | 7,545 | 7,545 | ||||||||
| Total Donations, | Grants | and | Legades | 75,036 | 11,430 | 86,466 | 70,278 | |||
| Ofthe prior year | funds, | K2,115relates toRestricted Funds. | ||||||||
| Investment income |
||||||||||
| Current year | Current year | Current year | Prior | Year | ||||||
| Umesmeted | Resmned | Total Funds | Total | Funds | ||||||
| Funds | Funds | |||||||||
| 2022 | 2022 | 2022 | 2021 | |||||||
| g | E | |||||||||
| Property Rental |
Income | 10,395 | 4,290 | 14,685 | 17,218 | |||||
| Bank Interest Receivable | 22 | 22 | 6 | |||||||
| Total mvestment | inmme | 10,395 | 4,312 | 14,707 | 17,224 | |||||
| Expenditure on charirabie |
activides | |||||||||
| Current year | Current year | Cunent | year | Prior Year | ||||||
| Unresmcted | Resmeted | Total Funds | Total Funds | |||||||
| Direct Spenrdiag | Funds | Funds | ||||||||
| 2022 | 2022 | 2022 | 2021 | |||||||
| K | g | g | ||||||||
| Gross wages and | sahries | —charitable | acdvities 4,276 |
4,276 | 11,375 | |||||
| Employers' NI —Charsnble |
a tivities | 534 | ||||||||
| Defined benefn pension costs —charitabh 263 |
263 | 1,109 | ||||||||
| Charitable wejjare |
activiues | 1,000 | ||||||||
| Victorious women |
1,200 | |||||||||
| Charimbje project | costs | 7,642 | 7,642 | |||||||
| Toml direct spending | 4.539 | 7,642 | 12,181 | 15,218 |
| Support costs f | or | c | ha | rita | bl | e activi |
ti | es | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Current | year | Current year | Current | year | Prior Year | |||||||||||||
| Unrestricted | Restricted | Total Funds | Total Funds | |||||||||||||||
| Current Year | Funds | Funds | ||||||||||||||||
| 2022 | 2022 | 2022 | 2021 | |||||||||||||||
| E | E | 8 | E | |||||||||||||||
| Premnes Papemes | ||||||||||||||||||
| Rent payable under operatmg | leases | 24, | 160 | 24,160 | 21.500 | |||||||||||||
| Light heat and power | 1,503 | 1,503 | 1,137 | |||||||||||||||
| Premises repairs, |
renewals | and maintenance | 960 | |||||||||||||||
| Property insurance |
293 | 293 | ||||||||||||||||
| Repairs | 1,800 | |||||||||||||||||
| Council tax | 195 | |||||||||||||||||
| Administrative | overheads | |||||||||||||||||
| Telephone, fax and internet |
545 | 593 | ||||||||||||||||
| Stationery and printing |
78 | |||||||||||||||||
| Equipment expenses |
79 | 79 | ||||||||||||||||
| Sofnvare licences | and | expenses | 144 | |||||||||||||||
| Liabilty and coments | insurance | 522 | 974 | |||||||||||||||
| Professional fees | paid to advt's'ors | other | rhsn | the | auditor | or examiner | ||||||||||||
| Accountancy fees |
other | than examination | or | 450 | ||||||||||||||
| audit fees | ||||||||||||||||||
| Legal fees | 55 | |||||||||||||||||
| Consuhancy fees |
462 | |||||||||||||||||
| Management fees |
240 | |||||||||||||||||
| Other legal and professional | 200 | 200 | ||||||||||||||||
| Financial costs | ||||||||||||||||||
| Depreciation &Amonis | ation in total for | the | 1,149 | 377 | 1,526 | 1,149 | ||||||||||||
| Total support costs | —Current | Year | 29,861 | 377 | 30,238 | 28,336 | ||||||||||||
| Other Expenditure | —Governance | costs | ||||||||||||||||
| Current | year | Currem year | Current | year | Prior | Year | ||||||||||||
| Uteestricted | Restricted | Total Funds | Total Funds | |||||||||||||||
| Curreur Year |
Funds | Funds | ||||||||||||||||
| 2022 | 2022 | 2021 | ||||||||||||||||
| E | K | |||||||||||||||||
| Independent Examimr's |
fees | 900 | ||||||||||||||||
| Total Governance | costs | 900 | 900 |
| Current | year | Current | year | Currenr | year | Prior | Year | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | Total Funds | ||||||||
| Funds | Funds | ||||||||||
| 2022 | 2022 | 2022 | 2021 | ||||||||
| 8 | E | 8 | |||||||||
| Total direct spending | 4,539 | 7,642 | 12,181 | 15,218 | |||||||
| Total support costs | 29,861 | 377 | 30,238 | 28,336 | |||||||
| Total Governance costs |
900 | 900 | 900 | ||||||||
| Total charitable expenditure |
35,300 | 8,019 | 43,319 | ||||||||
| Staff costs and emoluments | |||||||||||
| 2022 | 2021 | ||||||||||
| 8 | |||||||||||
| Gross Salaries excluding | trustees | and key management | petsonnel | 4,276 | 11,375 | ||||||
| Employer's National Insurance |
for all staff | 534 | |||||||||
| Employer's contribution |
to defined benefit pension schemes | 263 | 1,109 | ||||||||
| Total salaries, wages |
and | related costs | 4,539 | 13,018 | |||||||
| The average number of | part time | stafF employed | in the | year was | 1 | I | |||||
| Intangible Fixed Assets |
2022 | 2021 | |||||||||
| Cost | |||||||||||
| At 1 January 2022 | 731 | 731 | |||||||||
| At 31December 2022 | 731 | 731 | |||||||||
| Amortrration | |||||||||||
| At 1January 2022 | 183 | ||||||||||
| Provided during the year |
183 | 183 | |||||||||
| At 31December 2022 | 366 | 183 | |||||||||
| Net book value | 365 | 548 |
| Phnt at | |
|---|---|
| Current Year |
Machinery |
| 8 | |
| Cost | |
| At 1 January 2022 | 9,657 |
| Additiom | 7,545 |
| At 31December 2022 | 17,202 |
| Depreciation | |
| At I January 2022 Charge for the year |
6,054 1,343 |
| At 31December 2022 | 7,397 |
| Net book value | |
| At 31December 2022 | 9,805 |
| At 31December 2021 | 3,603 |
| 8 | Investments held as fixed assets |
|||
|---|---|---|---|---|
| Investment | ||||
| properties | ||||
| Carrying values ofinvestments |
||||
| At 1January 2022 Revaluation at 31December 2022 |
106,000 (1.000) |
|||
| At 31 December 2022 | 105,000 | |||
| Land and Buildings (885, 364), relate to Historical | costofinvestment | properties. The | ||
| surplus on revaluation is as a result ofcomparing |
the historical cost | with lower range on | ||
| Zoopla house prices as at 31/12/2022. | ||||
| 9. | Creditors: amounts fallmg due within one year |
2022 | 2021 | |
| 8 | ||||
| Other creditors | 1,350 |
| At 31December 2022 | Unrestricted | Toad | ||
|---|---|---|---|---|
| funds | Funds | |||
| Intangible Assets | 365 | 365 | ||
| Tangible Fixed Assets | (75,559) | 9,805 | ||
| investments atvaluation:- |
||||
| Eimt asset rbresrments | 105,000 | 105,000 | ||
| Current Assets | 125,174 | 40,278 | 165,452 | |
| Current LiabiRies | (1,350) | (1,350) | ||
| 153,630 | 125,642 | 279,272 | ||
| At 1January 2022 Restated | Unrestricted | Designated | Total | |
| funds | funds | Funds | ||
| E | ||||
| Intangible Assets |
548 | 548 | ||
| Tangible Fixed Assets | (81,761) | 85,364 | 3,603 | |
| Investments at valoation- |
||||
| Fixed asset investments | 106,000 | 106,000 | ||
| Current Assets | 78,712 | 31,740 | 110,452 | |
| 103,499 | 117,104 | 220,603 |