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|3years|||2years|1 year||
|---|---|---|---|---|---|
|Brian A|res||Sue Bell|Joanne A|res-Proctor|
|Christo|her Harris||Alison Lar e|Rebecca|Baillie|
|Fiona Hutchin||s|Claire Moore|Katherine|Coo er|
|Ro er Moran|||Sue Re nolds|Kevin Sewers||
|James|Roberts||Vacanc|Vacanc||
##
|Our Advisors:|Our Advisors:|||||
|---|---|---|---|---|---|
|Independent|Examiner|Knight Goodhead||Limited||
|||7 Bournemouth|Road|||
|||Chandler's
Ford||||
|||Eastleigh||||
|||Hampshire||||
|||SO53 3DA||||
|Bankers:||HSBC||||
|||55 Above Bar|Street|||
|||Southampton||||
|||SO147DZ||||
|Investment|Managers:|CCLA Investment|Management||Ltd|
|||Senator House||||
|||85Queen Victoria|Street|||
|||London||||
|||EC4V4ET||||
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||||Unrestricted|Restricted|Endowment|Total|Total|
|---|---|---|---|---|---|---|---|
||||funds|funds|funds|2023|2022|
|||Notes|8|8|8|||
|INCOME||||||||
|Donations
and legacies||2|155,310|28,950||184,260|182,781|
|Charitable
activities||3|31,435|9,000||40,435|36,149|
|Investment
income||4|4,554|2,584||7,138|2,191|
|Profit on disposal||9||544,478||544,478||
|Total income|||191,299|585,012||776,311|221,121|
|EXPENDITURE||||||||
|Charitable
activities||5|252,019|543,004||795,023|250,691|
|Total expenditure|||252,019|543,004||795,023|250,691|
|NET INCOME FOR THE YEAR
AND NET MOVEMENT
IN FUNDS|||0|, 0||2)|(2,570)|
|TRANSFERS BETWEEN FUNDS||15|237,197|(237,197)||||
|NET INCOME|||176,477|(195,189)||(18,712)|(29,570)|
|NET MOVEMENT
IN FUNDS|||176,477|(195,189)||(18,712)|(29,570)|
|FUND BALANCES AT 1 JANUARY 2023|||1,019,314|217,369|7,571|1,244,254|1,273,824|
|FUND BALANCES AT 31 DECEMBER 2023||15|1,195,791|22,180|7,571|1,225,542|1,244,254|
##
|BALANCE SHEET AS|AT 31 DECEMBER 2023|AT 31 DECEMBER 2023|AT 31 DECEMBER 2023||||||
|---|---|---|---|---|---|---|---|---|
|||||||2023||2022|
||||Notes||f|8|6|6|
|FIXEDASSETS|||||||||
|Tangible assets||||||1,106,444||1,280,745|
|CURRENT ASSETS|||||||||
|Debtors|||11||5,874||4,837||
|Deposits|||10||93,650||169,268||
|Cash at bank and|in hand||12|549,314|||76,607||
|||||648,838|||250,712||
|CREDITORS: amounts||falling|||||||
|due within one year|||13||(91,727)||(20,971)||
|NET CURRENT ASSETS||||||557,111||229,741|
|LONG TERM CREDITORS|||||||||
|amounts
falling due||aRer|more||||||
|than one year|||14|||(438,013)||(266,232)|
|NET ASSETS||||||1,225,542||1,244,254|
|FUNDS|||15||||||
|Unrestricted||||||1,195,791||1,019,314|
|Restricted||||||22,180||217,369|
|Endowment||||||7,571||7,571|
|TOTAL FUNDS||||||1,225,542||1,244,254|
|Approvedbythetrusteeson|||2fpnv~ ~a.+||||||
|and signed on their behalf by:|||||||||
|Fiona Hatching(t||||Tony|Palmer||||
|Treasurer||||Vicar|||||
##
|CASHFLOW STATEMENT|CASHFLOW STATEMENT|||||||
|---|---|---|---|---|---|---|---|
|FOR THE YEAR ENDED 31||DECEMBER2023||||||
|||||||2023|2022|
||||||Notes|||
||NET CASH FLOW PROVIDED By OPERATING|||ACTIVITIES||(281,416)|(269,903)|
||CASH FLOWS FROM INVESTING||ACTIVITIES|||||
||Interest received|||||7,138|2,191|
||Purchase of Investments|||||(65,087)||
||Disposal of investments|||||140,705|154,559|
||CASH FLOWS FROM FINANCING||ACTIVITIES|||||
||Purchase offixed assets|||||(51,330}|(121,851)|
||Sale offixed assets|||||744,478||
||Interest due|||||(21,781)||
||Repayments
of borrowing|||||||
||NET CASH FLOW|||||472,707||
||Change
in cash and cash equivalents
in the year|||||472,707|(235,004)|
||Cash and cash equivalent
at start ofthe year|||||76,607|311,611|
||Cash and cash equivalents
at|the|end ofthe|year||549,314||
|NOTES TO THE CASHFLOW||STATEMENT FOR THE|||YEAR ENDED 31DECEMBER 202$|||
|1|RECONCILIATION
OF NET INCOME TO NET CASH FLOW FROM OPERATING|||||ACTIVITIES||
|||||||2023|2022|
||||||||8|
||Net income /(expenditure)
forthe year|||||(18,712)|(29,570)|
||Interest received|||||(7,138)|(2,191)|
||Interest due|||||21,781||
||Depreciation|||||25,631|5,102|
||Profit on disposal offixed assets|||||(544,478)||
||Increase
in debtors|||||(1,037)|(708)|
||Increase/(decrease)
in creditors|||||70,756|(16,157)|
||Increase/(decrease)
in debt|||||171,781|(226,379)|
||Net cash flow from operating|activities||||(281,416)|( 69,|
##
##
|2|ANALYSIS OF CASH AND|CASH EQUIVALENTS|||||
|---|---|---|---|---|---|---|
|||||2023||2022|
||Cash at bank and in hand|||549,314||76,607|
||||At 1||Non cash|At31|
|3|ANALYSIS OF CHANGES|IN NET DEBT|fan 2023|Cash flows|movements|Dec 2023|
||Cash at bank and in hand||76,607|472,707||549,314|
||Debt due within one year||||||
||Debt due after one year||(266,232)|(171,7B1)||(438,013)|
||||(189,625)|300,926||111,301|
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|DONATIONS
AND|LEGACIES||||2023|2022|
|---|---|---|---|---|---|---|
|||Unrestricted||Restricted|Total|Total|
||||funds|funds|funds|funds|
||||6|6|t|6|
|Gift Aid bank orders and cheques|||62,607||62,607|68,222|
|Income Tax recovered|||28,964|4,969|33,933|32,180|
|Non GIR Aid bank and envelopes|||6,459||6,459|6,832|
|Church collections|||7,926||7,926|8,734|
|Donations|||47,764|12,130|59,894|52,882|
|Parish activities|||1,490||1,490|1,052|
|Legacies|||100||100||
|Redevelopment|grants/donations|||11,851|11,851|12,879|
||||155,310|28,950|184,260|182,781|
|e were no donated|services and facilities receivable|which could be quantified|in the year|(2022- none).|||
|CHARITABLE ACTIVITIES|||||2023|2022|
|||Unrestricted||Restricted|Total|Total|
||||funds|funds|funds|funds|
||||||6|6|
|Church
Activities|||||||
|Weddings
and|funerals||13,982||13,982|12,451|
|Hall lettings|||4,020||4,020|3,542|
||||18,002||18,002|15,993|
|Fundraising|||||||
|Sundry income|||5,933||5,933|3,831|
|Grants received|||7,500|9,000|16,500|16,325|
||||13,433|9,000|22,433|20,156|
||||31,435|9,000|40,435|36,149|
|INVESTMENT INCOME|||||2023|2022|
|||Unrestricted||Restricted|Total|Total|
||||funds|funds|funds|funds|
|||||6|6|6|
|Interest received|||4,554|2,584|7,138|2,191|
##
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|5|ANALYSIS OF EXPENDITURE ON CHARITABLE ACTIVITIES||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|
||||funds|funds|2023|2022|
|||Notes|f|8|8|f|
||Grants to Fukher the Work ofthe Church||||||
||Overseas
missions|7|12,856|8,600|21,456|21,043|
||Home missions||769||769|706|
||Church Expenses||||||
||Worship||2,614||2,614|2,462|
||Parish Share||71,004||71,004|72,404|
||Youth and Children||4,972|1,000|5,972|5,281|
||Evangelism||39||39||
||Lay training||2,125||2,125|1,141|
||Weddings
and funerals||6,624||6,624|7,154|
||Parish activities||9,292||9,292|7,017|
||Depreciation||25,631||25631|5 102|
||Property||||||
||Heating,
lighting
and water||21,431||21,431|15,051|
||Insurance||10,859||10,859|6,659|
||Property
maintenance||7,863||7,863|15,398|
||Redevelopment
costs|||524,404|524,404|36,708|
||Cleaning
materials||551||551|650|
||Loan interest||21,781||21,781||
||Management||||||
||Staff salaries and oncosts|8|35,386|9,000|44,386|44,318|
||Recruitment
costs||3,000||3,000||
||Incumbent
and Deacon's expenses||380||380|1,166|
||Support and Governance||||||
||Supportcosts||11,422||11,422|9,007|
||Governance
costs||3,420||3,420|(576)|
||TOTAL EXPENDITURE||252,019|543,004|795,023|250,691|
##
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|||||General|General||Total|Basis of|
|---|---|---|---|---|---|---|---|---|
|||||Support||Governance|Funds|Apportionment|
||||||||8||
|Office costs|||||5,395||5,395|Usage|
|Technology|||||2,599||2,599|Usage|
|Telephone|||||1,665||1,665|Usage
Governance|
|Publicity|||||249||249|Usage|
|Professional|fees|||||420|420|Governance|
|Independent|Examiners fee|||||3,000|3,000||
|Bank charges|||||322||322|Usage|
|Sundry expenses|||||1,192||1,192|Usage|
|||||11,422||3,420|14,842||
|The Independent||Examiner's|fee for this|year isf2,400 (2022:f1,680).|||||
|GRANTS|||||||||
|During the year the charity made the following||||grants ofE1,000or more to organisations:||||8|
|Bible Society||||||||1,442|
|Christian
Aid||||||||1,442|
|Church
Mission Society||||||||1,442|
|Embrace the|Middle East|||||||1,442|
|FEBA Radio||||||||1,442|
|Leprosy Mission||||||||1,442|
|Mission Aviation||Fellowship||||||1,442|
|Bumoozi Church||of Uganda||||||8,600|
|ANALYSIS OF STAFF COSTS AND TRUSTEES' REMUNERATION|||||AND|EXPENSES|||
||||||||2023|2022|
|||||||||8|
|Salaries and wages|||||||44,386|44,318|
||||||||2023|2022|
|The average number||ofemployees|was:||||5|4|
|7|GRANTS
During the year the charity made the following
grants ofE1,000or more to organisations:
Bible Society
Christian
Aid
Church
Mission Society
Embrace the Middle East
FEBA Radio
Leprosy Mission
Mission Aviation
Fellowship
Bumoozi Church of Uganda
8
1,442
1,442
1,442
1,442
1,442
1,442
1,442
8,600|
|---|---|
##
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|9|TANGIBLE|ASSETS|Church Room|Parish|||
|---|---|---|---|---|---|---|
||||Extension|Hall|Equipment|Total|
|||||8|6|6|
||COST||||||
||At beginning|ofyear|1,040,671|200,000|53,582|1,294,253|
||Additions||||51,330|51,330|
||Disposals|||(200,000)|-|(200,000)|
||At end ofyear||1,040,671||104,912|1,145,583|
||DEPRECIATION||||||
||At beginning|ofyear|||13,508|13,508|
||Charge||20,814||4,817|25,631|
||At end ofyear||20,814||18,325|39,139|
||NET BOOK|VALUE|||||
||At end ofyear||1,019,857||86,587|1,106,444|
||At beginning|ofyear|1,040,671|200,000|40,074|1,280,745|
##
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|10|DEPOSITS|||||
|---|---|---|---|---|---|
|||||2023|2022|
|||||f|f|
||Affirmative
Fund|||52,250|52,665|
||Affirmative
Fund|redevelopment||12,952|50,281|
||COLA funds|||28,448|66,322|
|||||93,650|766,268|
|11|DEBTORS|||2023|2022|
|||||f|f|
||Other Debtors|||2,456|2,366|
||Tax recoverable|||3,418
6,874|2,471
48|
|12|CASH AT BANK AND||IN HAND|2023|2022|
|||||f||
||Current account|||21,267|29,391|
||No 2 Account|||19,813|13,307|
||No 3Account- Redevelopment|||508,234|33,909|
|||||549,314|76,667|
|13|CREDITORS: amounts||falling due within one year|2023|2022|
|||||f|f|
||Trade creditors|||386|299|
||Taxation and social security|||517|1,310|
||Pensions||||263|
||Accruals|||73,404|1,680|
||Other creditors -|development||17,420|17,419|
||Redevelopment|loan - diocesan||||
|||||91,727|20,971|
##
##
|14|CREDITORS:|amounts
falling due after one year|2023|2022|
|---|---|---|---|---|
||||f||
||Redevelopment|loan - member|40,000|40,000|
||Redevelopment|loan - diocesan|398,013|226,232|
||||438,013|266,232|
##
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|ANALYSIS OF CHARITA|BLE FUNDS||||||
|---|---|---|---|---|---|---|
|||Balance at|||Transfers|Balance at|
|||1 January|||between 31 December||
|||2023|Income|Expenditure|funds|2023|
|Unrestricted
Funds|||||||
|General
Fund||244,875|191,299|(214,366)|237,197|459,005|
|Designated
Fund - Church|room|774,439||(37,653)||736,786|
|Restricted funds|||||||
|Parish
hall and office||200,000|||(200,000)||
|Namalemba
and Bumoozi|Fund|2,437|14,411|(8,600)|—|8,248|
|Redevelopment|||561,601|(524,404)|(37,197)||
|Youth worker|||9,000|(9,000)|||
|Legacy- World Church Action Group||797||||797|
|Legacy for Seniors Tea||4,404||||4,404|
|Legacy for Messy Church||9,731||(1,000)|—|8,731|
|||217,369|585,012|(543,004)|(237,197)|22,180|
|Endowment
funds|||||||
|Churchyard
endowments||7,571||||7,571|
|Total funds||1,244,254|776,311|(795,023)||1,225,542|
##
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|18|ANALYSIS OF NET ASSETS BETWEEN FUNDS||Unrestricted|Restricted|Endowment|Total|
|---|---|---|---|---|---|---|
||||funds|funds|funds|2023|
||Fund balances as at31December 2023are represented|by:|f.|f|f|f|
||Tangible fixed assets||1,106,444|||1,106,444|
||Current assets||297,900|343,367|7,571|648,838|
||Current liabilities||(91,727)|||(91,727)|
||Long-term
liabilities||(116,826)|(321,187)|-|(438,013)|
||||1,195,791|22,180|7,571|1,225,542|
||||Unrestricted|Restricted|Endowment|Total|
||||funds|funds|funds|2022|
||Fund balances as at 31December 2022 are represented|by:|f|f|f|f|
||Tangible fixed assets||1,080,745|200,000||1,280,745|
||Current assets||141,582|101,559|7,571|250,712|
||Current
liabilities||(20,971)|||(20,971)|
||Long-term
liabilities||(182,042)|(84,190)||(266,232)|
||||1,019,314|217,369|7,571|1,244,254|
##
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|||Unrestricted|Restricted|Endowment|Total|
|---|---|---|---|---|---|
|||funds|funds|funds|2022|
||||6|8|6|
|INCOME||||||
|Donations
and legacies||155,552|27,229||182,781|
|Charitable
activities||36,149|||36,149|
|Other income||1,589|602||2,191|
|Total income||193,290|27,831||221,121|
|EXPENDITURE||||||
|Charitable
activities||200,126|50,565||250,691|
|Total expenditure||200,126|50,565||250,691|
|NET INCOME FORTHE YEAR||(6,836)|(22,734)||(29,570)|
|AND NET MOVEMENT|IN FUNDS|||||
|TRANSFERS BETWEEN FUNDS||233,193|(233,193)|||
|NET INCOME FOR THE YEAR||226,357|(255,927)||(29,570)|
|AND NET MOVEMENT|IN FUNDS|||||
|FUND BALANCES AT 1 JANUARY 2022||792,957|473,296|7,571|1,273,824|
|FUND BALANCES AT 31DECEMBER2022||1,019,314|217,369|7,571|1,244,254|
##
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||Balance at|||Transfers|Balance at|
|---|---|---|---|---|---|
||1 January|||between 31 December||
||2022|Income|Expenditure|funds|2022|
||6|6|6|6|6|
|Unrestricted
Funds||||||
|General Fund|792,957|193,290|(200,126)|(541,246)|244,875|
|Designated
Fund - Church room||||774,439|774,439|
|Restricted funds||||||
|Parish hall and oflice|200,000||||200,000|
|Namalemba
and Bumoozi Fund|2,884|10,909|(11,356)|-|2,437|
|Redevelopment|251,271|16,922|(36,708)|(231,485)||
|Legacy - World Church Action Group|1,777||(980)|-|797|
|Legacy for Seniors Tea|4,404||||4,404|
|Legacy for training|1,521|-|(1,521)|||
|Legacy for Messy Church|11,439|||(1,708)|9,731|
||473,296|27,831|(50,565)|(233,193)|217,369|
|Endowment
funds||||||
|Churchyard
endowments|7,571||||7,571|
|Total funds|1,273,824|221,121|(250,691)||1,244,254|