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2023-03-31-accounts

Page
Trustees' Report 1 to 6
Statement ofTrustees Responsibilities
Report ofthe Independent
Auditors		 8 to 10
Consolidated
Statement ofFinancial Activities
Consolidated
and Charity Balance Sheet		 12
Consolidated
Cash Flow Statement
Notes to the Cash Flow Statement 14
Notes to the Financial
Statements		 15 to 31

31.03.23 31.03.22
Unrestricted Restricted Total Total
fund fund funds funds
Notes f
INCOME AND ENDOWMENTS FROM
Donations
and legacies		 868,666 11,788 880,454 937,256
Charitable
activities		 41,829 41,829 75,233
Other trading activities 102,872 102,872 67,176
Investment
income		 34,223 34,223 24,352
Other income 14,133 14,133 82,649
Total 1,061,723 11,788 1,073,5 1 1 1,186,666
EXPENDITURE ON
Raising funds 523 523 2,411
Charitable
activities		 1,161,882 12,631 1,174,513 1,069,630
Total 1,162,405 12,631 1,175,036 1,072,041
Nct gains/(losses)
on investments		 17 (490) (490) (1,686)
Net gains/(losses)
on freehold		 property revaluation 16 (67,100) (67,100)
NET INCOME/(EXPENDITURE) (168,272) (843) (169,115) 112,939
Transfers
between
funds		 (7,468) 7,468
Net movement
in funds		 (175,740) 6,625 (169,115) 112,939
RECONCILIATION OF FUNDS
Total funds brought forward 1,353,122 26,711 1,379,833 1,266,894
TOTAL FUNDS CARRIED FORWARD 1,177,382 33,336 1,210,718 1,379,833

31.03.23 31.03.22
Notes E
Cash flows from operating activities:
Cash generated
t'rom operations		 (15,897) 158,684
Interest paid (30,326) (19,204)
Nct cash provided
by (used		 in)
operating
activities		 (46423) 139,480
Cash flows from investing activities:
Purchase oftangible assets (45,308) (127,794)
Sale oftangible fixed assets 768 200
Disposal ofinvestments 23,577
Interest received 526 12
Net cash provided
by (used		 in) (20,437) (127,582)
investing
activities
Cash flows from tinancing activities;
New Loans in year 154,300 539,374
Loan repayments
in year		 (47,967) (561,269)
Net cash provided
by (used		 in)
financing
activities		 106,333 (21,895)
Other adjustment
Chaagc in cash and cash equivalents
in the reporting
period		 39,673 (9,997)
Cash and cash equivalents at the
beginning
ofthe reporting		 period 295,299 305,296
Cash and cash equivalents at the end
ofihe reporting
period		 334,972 295,299

31.03.23 31.03.22
f. f.
Net ineorne/(expenditure)
for the reportinf,		 period
(ns per statement offinancial activities) (169,115) 112,939
Adjustments
for.
Depreciation
drarges		 21,265 19,149
Loss on invesunents dispasals 490 I,G87
(Prolit)/Loss
an disposal oi' lixed assets		 (460) 2,893
Interest reccivcd (52G) (12)
Interest paid 30,326 19,204
13ecrease/Uncreasc) in debtors 45,132 (51,635)
(Decrease)hncreasc in creditors (10,109) 54,459
Impoimienl
ofinvestment
property		 67,100
Nct cash provided by (used io) opcrntiog activities (15,897) 158,684
2.ANALYSIS OF CASH AND CASH K((UIVALKNTS
31.03.23 31.03.22
Cash in hand 967 1,323
Notice deposits (less thnn 3 months) 334,005 293,976
Ovcrdrafls
included		 in bank loans and ovcrdrnfls falling duc ivithin anc &ear
334,972 295,299

31.03.23 31.03,22
General Restricted Total
6
Donutions 741,535 10,912 752,447 833823
Gift Aid 127,131 876 128,007 103,333
868,666 11,788 880,454 937,256
4 OTHER TRADING ACTIVITIES
31.03.23 31.03.22
E 6
Cafd income 3,776 2,478
Media production 3,024 4,672
Events tb conferencing 96,072 60,026
102,872 67,176
5 INVESTiVIENT INCOME
31.0323 31.03.22
8
Rmtts received 33,696 24,340
Interest receivable-trading 526 12
34,223 24352
6 INCOME FROM CHARITABLE ACTIVITIES
31.0323 31.03.22
Activity
Academy income Academy 22,926 38,014
Academy rental income Facilities 12,063 31,909
Academy income Firestatser 6,840 5,310
41,829 75,233
7 OTHER INCOME
31.03.23 31,0322
Small equipment sales 1,071
Insurance claims 52,732
Coaching income 5,370 5,695
Reimbursments 7,692 24,222
14,133 82,649

31.03.23 31.0322
f.
Purchases 523 2,411
9 CHARITABLE ACTIVITIES COSTS
Orant funding
Direct costs ofactivites Support costs 31.03.23 31.03.22
(see note 10) (scenote 11) Totals Totals
6 f. 8
Media 68,100 G66 68,766 70,766
intcmstional support 686 686
Academy 25,119 7I9 25,838 29,393
Worship 16,849 1,243 ]8,092 4,366
Heroes 3,768 3,768 10,076
Ark 5,583 5,583 6,922
Events 44,570 2,562 47,133 33,453
Guest Services 380 380 8,664
Facilities 436,813 181 436,994 419305
Directional Leadership Team 137,476 3,481 140,957 148,861
Finance 67,736 19,801 88~77 69,238
Humao Resources 294 1,522 1,816 1,698
International 18,404
IT 27,515 2,198 29,713 28309
Kids 31,901 3 31,91N 27,162
Location(s) 131,715 7+00 1,072 140,287 116p42
Next steps 215 215 7,478
Ollice 4,716 4,71G 2p84
Production 16,287 1,642 17,929 17,132
Zeal 14,93G 116 15,052 5,710
Momentunt 153 133 286 5,466
Firestarter 40,835 2,000 1,727 44,562 22,692
Everyone Matters Fund 257
Saltwinds 3,035 193 3,228 11,323
She 15,129 407 15,536
Tribe 2,397 32 2,429
Barbarians 10,994 281 11.275
Other 18,991 18,991 4,129
1,1'16,156 10,340 48,016 1,174,513 1,069,630

GRANTS PAYABLE
31.03.23 31.0322
Finance 840
Intentational 17,908
Location(s) 7,500 1,728
I'ircstarter 2,000
10,340 19636

Infonoation Governance 31.03.23 31.03.22
Finance technology Totals Totals
8 8 f
Media 168 498 666 340
International Support GSG 68G
Academy 567 152 719 G51
Worship (21) 1,264 Iv743 1,748
Heroes 3,768 3,768 2,761
Ark 62 5,522 5/84 6,843
Events 1,992 569 2461 2,967
Guest Services
Faciliues 200 (19) 181 15,374
Directional Leadership Team 299 3,182 3,481 6,206
Finance (1,712) 1,324 20,219 19,801 10,9G2
Human
Resources		 600 1,522 lg!7
International 496
IT 5 2,193 2,198 2,080
Kids 3 3 25
Location(s) 638 434 1,072 564
Production 1,642 1,642 478
Zeal 116 116 13
iVlomentum 65 68 133 307
Firestnrter 1,190 537 1,727 1,217
Salbvinds 193 193 595
She 407 407
Tribe 32 32
Barbarians 281 281
15,125 23,982 48,01 55,1G9

STAFFCOSTS
31.03.23 3L0322
6
Wages and salaries 369,460 366,658
Social security casts 19,977 19,043
Other pensioo costs 10,067 9,530
399,504 395~1
Thc average montldy number ofemployees during the year was as fogaws:
31.0323 3L0322
Stan
Academy
DLT
Events
Pocilities
Finance
141ds
Location
hdcdia
Firestmter
Next Steps
30

15 COiYIPARATIVES FOR THE STATEiM COiYIPARATIVES FOR THE STATEiM COiYIPARATIVES FOR THE STATEiM COiYIPARATIVES FOR THE STATEiM COiYIPARATIVES FOR THE STATEiM ENT OF FINANCIAL ACTIVITIES ACTIVITIES
Unrestricted Restricted Total
lund fund funds
f f
INCOGIE AND ENDOWihtENTS FROihl
Donations and legacies 872,66G &I490 937,256
Charihblc nctndtks
Funding fcr the academy's «ducationel
opere/lolls 38,014 38,014
Facililics 31,909 31,909
Firestartcr 5,310 5,310
Giber trading activities 67,176 G7,176
Investment income 24/52 24,352
Other income 82,649 82,&19
Total I,I22,076 64,590 1,186,666
EKiPENDITURE OiV
Raising funds 2,411 2,411
Charitable activities
Media 70,766 70,766
Academy 29,393 29,393
Warship 4,366 4,366
Heroes 10,076 10,076
Ark ?„358 4,564 6,922
Eveots 33,453 33,453
Guest services 8,664 8,6&1
Facilitics 396,360 22,945 419,305
Dircmional Leadership Team I 18,861 148,86I
Fulollcc 69,238 69~8
Human Rcsourccs 1,698 1,698
International 18,404 18,404
IT 28,209 28,209
Kids 27,162 27,162
Locatian(s) 116,342 116,342
Next Stops 7,478 7,478
0ISca 2,584 2,584
Production 17,132 17,132
Zeal 5,710 5,710
Momentum 5,466 5,466
Firestnner 22,692 22,692
Evcryon Matters Fund 257 257
Seltwinds 638 10,685 11,323
Other 3,554 575 4, 129
1,022,939 49,102 1,072,041
Net gains/(losses) on investments (I,G86) (1,686)
NET INCOiME/(FXPENDTITIRE) 97,451 15,488 112,939
Transfers bcnvccn funds 1,326,711 (1,326,711)
Nct movement
in funds		 1,424,162 (1,3 1 1,223) 112,939
RECONCILIATION OFFUNDS
Total funds braught fonvord (71,041) 1,337,935 1,2G6,894
TOTAL FUNDS CARRIED FOR)YARD 1,353,121 26,712 1,379,833

GROUP TANGIBLE FIXED ASSETS
Preehold Improvements Pleni and
property to property mechinuy
f f f
COST/FAIR VALUE
At I April 2022 1,517,101 280,286 4,250
Addiuons
Disposals
Rcvelustiom (67,100)
Rcclassification (884,500)
At 31 March 2023 565,501 280,286 4,250
DEPRECIATION
Atl April2022 280,286 2,661
Charge for year 390
Eliniinatcd
an disposal
At 31March 2023 280286 3,051
NET BOOKVALUE
At 31March 2023 565,501 1,199
AI31 March 2022 1,517,101 1,589
Fixtures snd Motor Computer/PA
fininss Vehicles equipment Totals
f I I
COST
At I April 2022 76,028 2/64 197,519 2,077,748
Additions 6,433 38,875 45,308
Disparate (1,853) (1,853)
Revaluations (67,100)
Redessificatian (884,500)
At 31March 2023 82,461 2,564 234,541 1,169,603
DEPRECIATIOiN
At I Aprit 2022 51,632 1,640 172,469 508,688
CherSe for year 5,847 231 14,798 21,265
Eliminated
on disposal		 (1,545) (1/45)
At 3 I March 2023 57,479 1,871 185,721 528,408
NET BOOK VALUE
At 31 March 2023 24,982 693 48,820 641.195
AI31 March 2022 24,396 924 25,050 1,569,060
17 FLLEDASSETINVEFLMENID 17 FLLEDASSETINVEFLMENID 17 FLLEDASSETINVEFLMENID 17 FLLEDASSETINVEFLMENID 17 FLLEDASSETINVEFLMENID
G~ Um wd
T nt
4
SIARKEY VALUE
At I Apm MM 24,811 SA871
Unweb G3,576) PM378)
R~
O		 (490) H90)
AC31M~ 2023 401
ttET DU
OK		 VALUE
At)IM
6		 10M
At 71 Monk 1012 24,071
73 Mmcww~ I d tl Ul'
Iboiwntmcnttnahml G p AMMM ffa Lndsdnhw
Thawwni 8 twtwmampklholdlnmfa H atwmmnnhn w nt.
I mUI
I		 5 w, U mwf IIMGMlh e Phm tel Uwm d)thwww toaocal~ I 6 ae 31
mceatodda08.
18 INVEGTSIEATFROFEICTY
FAIRYALUE
R
hmDImd
AC3151
11a23
NETDOOKVALUE
At31hkwh 2023
A131Idnoh 20TI
swwlc IGfotdccmc 0 Il«lncmctl
19DE STORM Ah to UNI5 FALLING DUE IYIBUN ORE YEAR 31,03 (how
23		 31 D3."- Ch mf
31.03.23		 (hdl'
31.0312
I dc*hi 2 44K51 f. w219 5
32.181		 3
6D,S48
Gd
td
I CNMOWMmo
t		 9 7) 1,2W 451 IASI 451
Ptctawtcmo 8ad cn cd n ena "-9.619 53,741 2R U tt 53,741
75.179 170411 63.072 IIS.010
20 CREDIIORR ASIOUNTS FALLING DUE 'IVIIIIIN ONE ITGIR
Chmtf (hdf
0
klw
md~(
Tmdo ncdm n		 I 22) 31.0323
ISAI 3
)GA64		 3LS)21
5
19,071
5l(234		 31.0321
2
163Ll
28,)o)		 31.0121
5
19071
57AGG
Od
0!
Amiw poobl		 3UI
2.UK		 1,155
1.107		 70
,104		 ' 76
107
C M I(hm 15SM 7336 15 "Nl 7.3)G
Acctotl
ntd		 d fend I mrna 47,226 3~,051 35,885 26,747
VAT IRCG
113.137 126,000 98.379 112.693
u CREDrroRS AhtowospmhtfNGDUFAFIERMohrTIM) ONETEIR
31.N.21 31.033G 31.03M 3140.22
3 5 1 4
( ' 2"-) 612,5ml 503307 612198 KI3,807
Tt
CMl		 f
mm		 Ihntan 7 e iw 0 MI ahwcoww f I (I m'ih
IhcDonttlaa Icmnc

An analysis ofthe maturity o floans is given below:
31.0323 31.03.22
6 f
Amounts
falling due within		 on year on demand:
Bank loans 16,313 19,071
Amounts
falling between one		 and two years:
Bank lonns - 1-2years 17,653 19,802
Amounts
falling due between		 two and five years:
Bank loans - 2-5 years 62,143 64,081
Aniounts
falling due in more		 than five years:
Bank loans - more than 5 years 533,102 419,924

31.03.23 31.0322
E
Within one year 39,453 71,039
Between one and five years 60,000 91,058
99,453 162,097
24 SECURED DEBTS
Tbe following secured debts are included within creditors:
31,03.23 31.0322
f.
Bank loans 629,211 522,878
629,211 522,878

F RTH
YES		 D D 31 MARC H 2023
25 MOYEiVIENT IN FUNDS
Group Nct tuovcNcilt Transfers behvccn
A101.04.22
f		 in Ihnds fundsf At 31.0323
f
Unrestricted funds
General fund 26,413 (101,172) 431352 356493
Thc Forge I,IOB CNB (438,820) 670,128
Rcvaluatian Rescrvc 217,761 (67.100 150,661
1,353,122 (168,272) 7,468 1,177,382
Rcstrlctcd fuads
Heros (3,768) 3,768
Ark (3,700) 3,700
Salhvlnds 26,711 3,454 30,165
Other 3,171 3,171
26,711 843) 7,468 33,336
TOTAL FUNDS I 79833 (169,115) 1,210,718
Net movement in thuds, included in the above are as follows:
hlCoulNg Rcsourccs Gains and Movcnumt in
resources
f		 espendwl
f		 losses fundsf
Unrcstrictcd tunds
Gcncral fund 1,061,723 (I,I 62,405) (490) (101,172)
The Forge
Revaluation Reserve (67,100) 67100
1,061,723 1,162,405) (67590) (168 72
Restricted funds
Heros (3,768) (3,768)
Ark 1,883 (5,51O) (3,700)
Salhvhlde 6,682 (3,228) 3,454
Other 3 23 3,171
11,788 12,631) (843)
TOTAL FUiriDS 1,073311 1,175,036 (67590 169.115
Ch ash ty At 01.0422
f		 Net movcmcnt
m funds
f		 Trans Rrs between
ihnde
f		 At31.03.23
f
Uut'cstrlctcd faults
Gcncral fund (6,740) (101,690) 431352 3C&,922
The Forge 1,108,948 (438,820) 670,128
Revaluation Reserve 217,761 67,100 150,661
IG19,9G9 [168,790 (7,4G8 1,143,711
Rcstrictcd funds
Heros (3,168) 3,768
Ark (3,100) 3,700
Sslhvinde 26,711 3,454 30,165
Other 3 171 3,171
26,711 (843 7,468 33,336
TOTALFUNDS IG46,680 [169,633) 1,177,047

Incoming Incoming Rcsourccs Rcsourccs Gains end Movemcnt in
resollrces cxpcndcd losses funds
E E E
Unrcstriclctl I'uads
Geuerel fund 1,055,919 (1,157,119) (490) (101.690)
The Forge
Revaluation Rescrvc (67,100) (67,100)
1.0559i9 I 157.119 (67,590 (168790
Restricterl funds
Ileros (3,768) (3,768)
Ark 1,883 (5,583) (3,700)
Sslnvinds 6,682 (3,22S) 3,454
Other 3323 (52 3 171
11,788 (12,631 843)
TOTAL FUNDS 1,067,707 (1,169,750) (67,5901 169 633
Compsrativcs for raovcmeat In fuada
Group As restated Net movemcnt
At 01.0431 in funds At31.0332
f.
Unrestricted funds
Genernl
fund		 (71,041) 97,451 26,410
Thc Farge 1,108,948 1,108,948
Revslusiion Rcservc 217763 217.763
(71,041) 1,424 162 1,353,121
Restricted funds
Ark 2,176 (2,176)
Frccdom Heroes 8,790 (8,790)
Saltwinds 26,712 26,712
Everyone
Mattem		 258 (258)
Thc Forge 1,108,948 (I, 108,948)
Revaluation Reserve 217,763 (217,763)
I 37935 (1311 23) 26,712
TOTAL FUi IDS 1,266,894 112,939 1,379,833

Compsnniv admovemcntiuhmdnindud dmdw boveorcw boveorcw fdtorw;
ltlcorrriog Rcsourccs Gain&and Tram few Movcmml
in
rcmttrccs c.'t pet tel ctl irons funds
5 3 2
Unrestricted funrh
General
fund		 1,122,D76 (1,022@39) (I,G86) 97,451
Thc Fmgc 1,108948 I, IOR94$
Rtrvslltcltmt Rcrctvc 217763 2177G3
1.12 076 O.022.939) (1586) I 26.711 1.424.162
Redrlcted funds
Ark 2388 (4,564) (2,176)
Oncxonc 575 (575)
Frcalom Hcrccs 1286 (10,07G) (8,790)
Thc Studio 22,945 (22 rr45)
Selhvfhds 37396 (10,6$4) 2G,712
Evnyono Mallms (25$) (258)
Thc Forge
erne		 (I,IOS,948) (I,i OS,948)
RcnWnlion Rcsmvc 217.761 217.763
49.1D2 ISC67II I 11223
TOTAL FUNDS 11 .6 It. 72.04H Il861 11293

Freportion of
voting rigltts
Country ef nnd shares Principal
Undertahing incerparatlun Holding held ac(ivlty
Wildhre
(Hereford)
Ltd		 England Ordinary 1005e Events
Contpany
no: 10371625
Sulrsidlo BalanccSheetmmmarv
31.03.2023 31.03.2022
0
TO'fAL ASSETS 48,663 54,421
TOTAL LIABILITES 14,894 21,169
CAPITAL &RESERVES 33,769 33v252
Subsldia Pregt & Loss summarv
31.032023 3L03.2022
f.
TURNOVER 55@30 42/0 1
PROPIT FOR THE FINANCIAL YEAR 50,045 40,492
31.03.2023 31.03&022
f 2
Donations 10,912 60,957
Gift Aid 876 3633
11.788 64,590