|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||
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|Faith Church Ministries|Limited||||||
|---|---|---|---|---|---|---|
|Statement ofFinancial|Activities||||||
|for the Year Ended 31|March 2022||||||
||||||31.3.22|31.3.21|
||||Unrestricted|Restricted|Total|'fotal|
||||fund|fund|funds|funds|
|||Notes|||||
|INCOME AND ENDOWMENTS FROM|||||||
|Donations
and legacies|||346,250|18,433|364,683|283,471|
|Other income|||||387|162|
|Total|||346,637|18,433|365,070|283,633|
|EXPENDITURE ON|||||||
|Other|||300,598|1,943|302,541|267,497|
|NKT INCOME|||46,039|16,490|62,529|16,136|
|RECONCILIATION|OFFUNDS||||||
|Total funds brought fonvard|||67,880|158,519|226,399|210,263|
|TOTAL FUNDS CARRIED FORWARD|||113,919|175,009|288,928|226,399|
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|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|
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|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|
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|The average monthly
number ofemployees
during|the year was as follows:||
|---|---|---|
||31.3.22|31.3.21|
||2|2|
|Administration|2|2|
|Ministry|||
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|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|
|lvlinimum|lease payments|under non-cancellable|operating|leases fall due as follows:|||
|---|---|---|---|---|---|---|
||||||31.3.22|31.3.21|
|Within one year|||||4,108|8,215|
|Between|one and five years|||||4,108|
||||||4,108|12,323|
|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|
##
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
||||E|
|Unrestricted
funds||||
|General
fund|282,283|(267,422)|14,861|
|Restricted
funds||||
|Restricted funds|1,350|(75)|1,275|
|TOTAL FUNDS|283,633|(267,497)|16,136|
|||Net||
|---|---|---|---|
|||movement|At|
||At 1.4.20|in funds|31.3.22|
|Unrestricted
funds||||
|General
fund|53,019|60,900|113,919|
|Restricted funds||||
|Restricted
funds|157,244|17,765|175,009|
|TOTAL FUNDS|210,263|78,665|288,928|
||Incoming|Resources|Movement|
|---|---|---|---|
||resources|expended|in funds|
|Unrestricted
funds||||
|General fund|628,920|(568„020)|60,900|
|Restricted funds||||
|Restricted
funds|19,783|(2,018)|17,765|
|TOTAL FUNDS|648,703|(570,038)|78,665|
##
|Faith Church Ministries|Limited|||
|---|---|---|---|
|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|