2022-03-31-accounts - Faith Church Ministries Limited

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Report ofthe Trustees		I	to	2
Independent Examiner's	Report
Statement ofFinancial	Activities
Balance Sheet		5	to	6
Notes to the Financial Statements		7	to	12
Detailed Statement ofFinancial Activities			13

Balance Sheet 31March 2022
				31.3.22	31,3.21
		Unrestricted	Restricted	Total	Total
		fimd	fund	funds	funds
	Notes	f			K
FIXEDASSETS
Tangible assets		26,482		26,482	28,695
CURRENT ASSETS
Debtors		590		590	1,917
Cash at bank		91,656	175,009	266,665	199,925
		92,246	175,009	267,255	201,842
CREDITORS
Amounts falling due within one year		(4,809)		(4,809)	(4,138)
NET CURRENT ASSETS		87,437	175,009	262,446	197,704
TOTAL ASSKTSLESSCURRENT
LIASILITIKS		113,919	175,009	288,928	226,399
NET ASSETS		113,919	175,009	288,928	226,399
FUNDS	10
Uznestricted funds				113,919	67,880
Restricted funds				175,009	158,519
TOTAL FUNDS				288,928	226,399

Net income/(expenditure) is stat	ed	aAer charging/(cr	editing):
				31.3.22	31.3,21
					f
Depreciation -owned assets Hire ofplant and machinery Other operating leases				6,621 9,215 58,321	8,781 9,215 29,598 589
Deficit on disposal offixed assets
TRUSTEES' REMUNERATION		AND BENEFITS		31.3.22	31.3,21
				43.077	40,152
Trustees' salaries Trustees' pension contributions	to	money purchase	schemes	3,400	2,400
				46,477	42,552

The average monthly number ofemployees during	the year was as follows:
	31.3.22	31.3.21
	2	2
Administration	2	2
Ministry

Notes to the Financial Statements - continued	Notes to the Financial Statements - continued
for the Year Ended 31 March 2022
6.	TANGIBLE FIXEDASSETS
			Computer
			equipment
	COST
	At 1 April 2021		55,833
	Additions		4,408
	At 31 March 2022		60,241
	DEPRECIATION
	At 1 April 2021		27,138
	Charge for year		6,621
	At 31 March 2022		33,759
	NET BOOKVALUE
	At 31 March 2022		26,482
	At 31 March 2021		28,695
7.	DEBTORS:AMOUNTS FALLING DUE WVITHIN ONE YEAR
		31.3.22	31.3.21
	Prepayments and accrued income	590	1,917
S,	CREDITORS: AMOUNTS FALLING DUE WVITHIN ONE YEAR
		31.3.22	31.3,21
	Social security and other taxes		929
	Other creditors	1,014	809
	Accruals and deferred income	3,795	2,400
		4,809	4,138

for th	e Year Ended 31March 2022
10.	MOVEMENT IN FUNDS
					Net
					movement	At
				At 1.4.21	in funds	31.3 22
				f
	Unrestricted funds
	General fund			67,880	46,039	113,919
	Restricted funds
	Restricted funds			158,519	16,490	175,009
	TOTAL FUNDS			226,399	62,529	288,928
	Net movement in funds, included		in the above are as follows:
				Incoming	Resources	Movement
				resources f	expended	in funds
	llnrestrictcd funds
	General fund			346,637	(300,598)	46,039
	Restricted funds
	Restricted funds			18,433	(1,943)	16,490
	TOTAL FUNDS			365,070	(302,541)	62,529
	Comparatives for movement	in	funds
					Net
					movement	At
				At 1.4,20	in funds	31.3.21
	Unrestricted funds
	General fund			53,019	14,861	67,880
	Restricted funds
	Restricted f'unds			157344	1,275	158,519
	TOTALFUNDS			210,263	16,136	226,399

Faith Church Ministries
Detailed Statement ofFinancial Activities
for the Year Ended 31 March 2022
	31.3.22	31.3.21
INCOMK AND ENDOWMENTS
Donations and legacies
Offerings and tithes Gift aid Grants	306,624 25,854 32,205	183,020 4,561 95,890
	364,683	283,471
Other income
Sundry income	387	162
Total incoming resources	365,070	283,633
EXPENDITURE
Other
Trustees' salaries Trustees' pensions contributions Wages Social security Pensions Vehicle lease Rent	43,077 3,400 91,342 11,063 4,797 9,215 58,321	40,152 2,400 92,497 9,882 3,916 9,215 29,598
Worship expenses Outreach expenses Vehicle maintenance	9,436 11,744 13,811	16,907 25.830 7.234
Administrative overheads Staffbenefits Depreciation ofvehicles Depreciation ofequipment Loss on sale oftangible fixed assets	7,953 10,567 6,621	17,093 210 8,572 589
Interest payable	300
	281,647	264,095
Support costs
Governance costs
Accountancy and legal fees	20,894	3,402
Total resources expended	302,54]	267,497
Net income	62,529	16,136