| Page | |||||
|---|---|---|---|---|---|
| Reference and administrative | details | ||||
| Report ofthe trustees | 2 | to | 6 | ||
| Report ofthe independent auditors |
7 | to | 9 | ||
| Statement offinancial | activities | 10 | |||
| Statement offinancial | position | ||||
| Statement ofcash flows | 12 | ||||
| Notes to the financial | statements | 13 | to | 18 | |
| Detailed statement of | financial | activities | 19 |
| FORTHE Y | EAR ENDED 31STM | ARCH 2022 | |||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| Unrestricted | Total | ||||
| fund | funds | ||||
| Notes | 8 | ||||
| INCOME | AND ENDOWMENTS FROM | ||||
| Donations | and legacies | 2 | 286,740 | 567,232 | |
| Investment | income | ~12934 | 12,153 | ||
| Total | 299,674 | 579,385 | |||
| EXPENDITURE ON | |||||
| Charitable | activities | ||||
| Church | 186961 | 108464 | |||
| NET INCOME | 112,713 | 470,921 | |||
| RECONCILIATION | OF FUNDS | ||||
| Total funds brought | forward | 4,178,066 | 3,707,145 | ||
| TOTAL FUNDS CARRIED FORWARD | 4,290,779 | 4,178,066 |
| STATEME | NT OF FINANCIAL 31STMARCH 2022 |
POSITION | |
|---|---|---|---|
| 2022 | 2021 | ||
| Unrestricted | Total | ||
| fund | funds | ||
| Notes | |||
| FIXEDASSETS | |||
| Tangible assets | 3,663,531 | 3,551,839 | |
| CURRENT ASSETS | |||
| Debtors | 970 | 2,610 | |
| Cash at bank and in hand | 718,993 | 680,095 | |
| 719,963 | 682,705 | ||
| CREDITORS | |||
| Amounts falling due within one year |
10 | (50,394) | (5,329) |
| NET CURRENT ASSETS | 669,569 | 677,376 | |
| TOTAL ASSETSLESSCURRENT | |||
| LIABILITIES | 4,333,100 | 4,229,215 | |
| CREDITORS | |||
| Amounts falling due after more than one year |
11 | (42,321) | (51,149) |
| NETASSETS | 4,290,779 | 4,178,066 | |
| FUNDS | 13 | ||
| Unrestricted funds |
4,290,779 | ~4178066 | |
| TOTAL FUNDS | 4,290,779 | ~4178066 |
| STATEMENT OF | STATEMENT OF | STATEMENT OF | CASH FLOWS | ||||
|---|---|---|---|---|---|---|---|
| FORTHE | YEAR ENDED 31STMARCH | 2022 | |||||
| 2022 | 2021 | ||||||
| Notes | |||||||
| Cash flows from operating | activities | ||||||
| Cash generated from operations |
16 | ~170 | 352 | 359924 | |||
| Net cash provided by operating |
activities | ~170 | 352 | 359,924 | |||
| Cash flows from investing | activities | ||||||
| Purchase oftangible fixed assets |
(122,934) | ||||||
| Interest received | 308 | 303 | |||||
| Net cash (used in)/provided | by | investing | activities | ~122 | 626) | 303 | |
| Cash flows from financing | activities | ||||||
| Loan repayments in year |
8 | 828 | 7,090 | ||||
| Net cash used in financing | activities | ~8828) | ~7,090) | ||||
| Change in cash and cash equivalents |
in | ||||||
| the reporting period |
38,898 | 353,137 | |||||
| Cash and cash equivalents | at | the | |||||
| beginning ofthe reporting |
period | ~680 | 095 | ~326 958 | |||
| Cash and cash equivalents | at | the end | of | ||||
| the reporting period |
718,993 | 680,095 |
| 2. | DONATI | NS AND L |
EGACIES | ||||
|---|---|---|---|---|---|---|---|
| 2022 | 2021 | ||||||
| 8 | 8 | ||||||
| Donations | 271,701 | 244,874 | |||||
| Gift aid | 3,349 | 11,558 | |||||
| Legacies | - KCM Ltd | 290,800 | |||||
| Food bank | 20,000 | ||||||
| Building Fund | 11,690 | ||||||
| 286,740 | 567,232 | ||||||
| 3. | INVESTMENT INCOME | ||||||
| 2022 | 2021 | ||||||
| Rents received | 12,626 | 11,850 | |||||
| Deposit account interest | 308 | 303 | |||||
| ~12 934 | 12,153 | ||||||
| 4. | CHARITABLE ACTIVITIES COSTS | ||||||
| Direct | |||||||
| Costs (see | |||||||
| note 5) | |||||||
| 8 | |||||||
| Church | 186,961 | ||||||
| DIRECT | COSTSOFCHARITABLE ACTIVITIES | ||||||
| 2022 | 2021 | ||||||
| Missionary | and hospitality | 29,635 | 2,541 | ||||
| Ministerial | expenses | 18,411 | 6,143 | ||||
| Functions | and retreats | 21,728 | 100 | ||||
| Lighting and heating |
14,876 | 10,145 | |||||
| Bank charges and interest | 1,407 | 3,268 | |||||
| Subscription | and donations | 12,639 | 5,692 | ||||
| Hall hire | 9,310 | 736 | |||||
| Equipment | expenses | 3,857 | 406 | ||||
| Insurance | 13,868 | 14,541 | |||||
| Legal and | professional | fees | 1,551 | 300 | |||
| Repairs and | maintenance | 21,548 | 28,409 | ||||
| Postage Printing tk Stationery |
784 | 2,468 | |||||
| Rent | 5,615 | 12,764 | |||||
| Telephone | 2,736 | 2,623 | |||||
| Motor and | travel expense | 9,877 | 5,397 | ||||
| Training | 413 | 518 | |||||
| Statutory | Audit fees | 7,465 | 3,630 | ||||
| Depreciation | 11241 | ~8783 | |||||
| 186,961 | 108,464 |
| There were no trustees' expenses paid for the year ended 31stMarch 2022 nor f 31stMarch 2021. |
There were no trustees' expenses paid for the year ended 31stMarch 2022 nor f 31stMarch 2021. |
There were no trustees' expenses paid for the year ended 31stMarch 2022 nor f 31stMarch 2021. |
or the year ended |
|---|---|---|---|
| COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | |||
| Unrestricted | |||
| fund | |||
| 8 | |||
| INCOME AND ENDOWMENTS | FROM | ||
| Donations and legacies |
567,232 | ||
| Investment income |
12,153 | ||
| Total | 579,385 | ||
| EXPENDITURE ON | |||
| Charitable activities |
|||
| Church | 108,464 | ||
| NET INCOME | 470,921 | ||
| RECONCILIATION | OF FUNDS | ||
| Total funds brought | forward | 3,707,145 | |
| TOTAL FUNDS CARRIED FORWARD | 4,1711,066 |
| TANGIBLE FIXEDASS | ETS | ||||
|---|---|---|---|---|---|
| Improvements | Fixtures | ||||
| Freehold | to | and | Motor | ||
| property | property | fittings | vehicles | Totals | |
| 8 | 8 | 8 | |||
| COST | |||||
| At 1stApril 2021 | 3,609,961 | 28,141 | 57,422 | 3,695,524 | |
| Additions | 122934 | ~122934 | |||
| At 31stMarch 2022 | 3,609,961 | 122,934 | 28,141 | 57,422 | 3,818,458 |
| DEPRECIATION | |||||
| At 1stApril 2021 | 62,839 | 26,108 | 54,738 | 143,685 | |
| Charge for year | 5,345 | 2,458 | 676 | 2,763 | 11,242 |
| At 31stMarch 2022 | 68,184 | 2,458 | 26,784 | 57,501 | 154927 |
| NET BOOK VALUE | |||||
| At 31stMarch 2022 | 3,541,777 | 120,476 | 1,357 | (79) | 3,663,531 |
| At 31stMarch 2021 | 3 547,122 | 2.033 | 2 684 | 3,551.839 |
| NOTES TO THK FINANCIAL STATEMENTS - continue FOR THK YEAR ENDED 31STMARCH 2022 |
NOTES TO THK FINANCIAL STATEMENTS - continue FOR THK YEAR ENDED 31STMARCH 2022 |
d | ||
|---|---|---|---|---|
| 9. | DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR | |||
| 2022 | 2021 | |||
| Loans to members | 970 | 2,610 | ||
| 10. | CREDITORS: AMOUNTS FALLING DUK WITHIN | ONE YEAR | ||
| 2022 | 2021 | |||
| Other Creditors | 42,000 | |||
| Accrued expenses | 8,394 | 5,329 | ||
| 50,394 | 5,329 | |||
| 11. | CREDITORS: AMOUNTS FALLING DUK AFTER MORE THAN ONE | YEAR | ||
| 2022 | 2021 | |||
| g | ||||
| Other loans (see note 12) | 42 321 | 51 149 | ||
| 12. | LOANS | |||
| An analysis ofthe maturity ofloans is given below: | ||||
| 2022 | 2021 | |||
| Amounts falling due between two and five years: |
||||
| Other loans - 2-5 years | 42,321 | 51,149 | ||
| 13. | MOVEMENT IN FUNDS | |||
| Net | ||||
| movement | At | |||
| At 1.4.21 | in funds | 31.3.22 | ||
| g | g | |||
| Unrestricted funds |
||||
| General fund | 4,178,066 | 112,713 | 4,290,779 | |
| TOTAL FUNDS | 4,178,066 | 112,713 | 4,290,779 |
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended | in funds | ||
| g | g | |||
| Unrestricted | funds | |||
| General fund | 299,674 | (186,961) | 112,713 | |
| TOTAL FUNDS | 299,674 | ~186,961) | 112,713 |
| Net | ||||
|---|---|---|---|---|
| movement | At | |||
| At 1.4.20 | in funds | 31.3.21 | ||
| 8 | ||||
| Unrestricted | funds | |||
| General fund | 3,707,145 | 470,921 | 4,178,066 | |
| TOTAL FUNDS | ~3707 145 | 470,921 | 4,178,066 |
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended | in funds | ||
| 8 | 8 | |||
| Unrestricted | funds | |||
| General fund | 579,385 | (108,464) | 470,921 | |
| TOTAL FUNDS | ~579385 | ~108464) | 470,921 |
| 2022 | 2021 | |||||
|---|---|---|---|---|---|---|
| 8 | 8 | |||||
| Net income | for the | reporting | period (as per the Statement of | |||
| financial activities) | 112,713 | 470,921 | ||||
| Adjustments | for: | |||||
| Depreciation | charges | 11,242 | 8,783 | |||
| Interest received | (308) | (303) | ||||
| Decrease in | debtors | 1,640 | 11,999 | |||
| Increase/(decrease) | in creditors | 45,065 | ~131,476 | |||
| Net cash provided | by operations | 170,352 | 359,924 | |||
| 17. | ANALYSIS | OF CHANGES | IN NET FUNDS | |||
| At 1.4.21 | Cash flow | At 31.3.22 |
| ANALYSIS OF CHANGES IN NET FUND | S - continued | ||
|---|---|---|---|
| Net cash | |||
| Cash at bank and in hand | ~680 095 | 38,898 | 718993 |
| ~680 095 | ~38 898 | 718993 | |
| Debt | |||
| Debts falling due after 1 year | ~51 149 | ~8828 | ~42,321 |
| 51 149 | 8,828 | ~42,321 | |
| Total | ~628 946 | 47,726 | ~676 672 |
| FORTHE YEAR ENDED 3 | 1STMARCH 2022 | ||
|---|---|---|---|
| 2022 8 |
2021f | ||
| INCOME AND ENDOWMENTS | |||
| Donations and legacies |
|||
| Donations | 271,701 | 244,874 | |
| Gift aid | 3,349 | 11,558 | |
| Legacies - KCM Ltd | 290,800 | ||
| Food bank | 20,000 | ||
| Building Fund | 11,690 | ||
| 286,740 | 567,232 | ||
| Investment income |
|||
| Rents received | 12,626 | 11,850 | |
| Deposit account interest | 308 | 303 | |
| ~12934 | ~12 153 | ||
| Total incoming resources |
299,674 | 579,385 | |
| EXPENDITURE | |||
| Charitable activities |
|||
| Missionary and hospitality |
29,635 | 2,541 | |
| Ministerial expenses |
18,411 | 6,143 | |
| Functions and retreats |
21,728 | 100 | |
| Lighting and heating |
14,876 | 10,145 | |
| Bank charges and interest | 1,407 | 3,268 | |
| Subscription and donations |
12,639 | 5,692 | |
| Hall hire | 9,310 | 736 | |
| Equipment expenses |
3,857 | 406 | |
| Insurance | 13,868 | 14,541 | |
| Legal and professional | fees | 1,551 | 300 |
| Repairs and maintenance | 21,548 | 28,409 | |
| Postage Printing 4t Stationery |
784 | 2,468 | |
| Rent | 5,615 | 12,764 | |
| Telephone | 2,736 | 2,623 | |
| Motor and travel expense | 9,877 | 5,397 | |
| Training | 413 | 518 | |
| Statutory Audit fees |
7,465 | 3,630 | |
| Depreciation oftangible | fixed assets | 11241 | ~8783 |
| ~186961 | ~108464 | ||
| Total resources expended | 186,961 | 108,464 | |
| Net income | 112,713 | 470,921 |