||||Page||
|---|---|---|---|---|
|Report ofthe Trustees||1|to|4|
|Independent
Examiner's|Report||||
|Statetuent ofFinancial|Activities||||
|Balance Sheet||7|to|8|
|Notes to thc Financial Statements||9|to|20|
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|||||||2023|2022|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
|||||funds|funds|funds|funds|
||||Notes|f.||||
|INCOME AND ENDOWMENTS||FROM||||||
|Donations
and legacies||||86,098||86,098|105,969|
|Charitable
activities||||||||
|Ministry,
outreach costs||||11,625||11,625|7,938|
|Other trading
activities|||4|6,262||6,262|5,407|
|investment
income|||5|5||5|I|
|Other inmme|||||||345|
|Total||||103,990||103,990|119,660|
|EXPENDITURE ON||||||||
|Raising
1'unds||||14,239||14,239|13,549|
|Charitable
activities||||||||
|Governance
costs||||2,344||2,344|2,064|
|Ministty,
outreach costs||||79,871|12,551|92,422|83,424|
|Total||||96,454|12,551|109,005|99,037|
|NET INCOME/(EXPENDITURE)||||7,536|(12,551)|(5,015)|20,623|
|RECONCILIATION|OF FUNDS|||||||
|Total funds brought
fonvard||||587,788|23,229|611,017|590,394|
|TOTAL FUNDS CARRIED FORWARD||||595,324|10,678|606,002|611,017|
||||||2023|2022|
|---|---|---|---|---|---|---|
||||Unrestricted|Restricted|Total|Total|
||||funds|funds|funds|funds|
|||Notes||8|||
|FIXEDASSETS|||||||
|Tangible assets||11|881,458|10,166|891,624|916,655|
|CURRENT ASSETS|||||||
|Debtors||12|3,667||3,667|2,314|
|Cash at bank and in hand|||8,156|512|8,668|17,756|
||||11,823|512|12,335|20,070|
|CREDITORS|||||||
|Amounts
falling due within|one year|13|(30,959)||(30,959)|(30,053)|
|NET CURRENT ASSETS|||(19,136)|512|(18,624)|(9,983)|
|TOTAL ASSETSLESSCURRENT|||||||
|LIABILITIES|||862,322|10,678|873,000|906,672|
|CREDITORS|||||||
|Amounts
falling due ager more than one year||14|(266,998)||(266,998)|(295,655)|
|NET ASSETS|||595,324|10,678|606,002|611,017|
|FUNDS||17|||||
|Unrestricted
I'unds|||||595,324|587,788|
|Restricted
funds|||||10,678|23,229|
|TOTAL FUNDS|||||606,002|611,017|
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||for thc|for thc|Year En&lcd 31 March 2023|||
|---|---|---|---|---|---|
|3.|DONATIONS
AND LEGACIES|||||
|||||2023|2022|
||Donations|||76,566|75,729|
||Gift aid|||9,532|9,964|
||Grants||||20,276|
|||||86,098|105,969|
||Grants received,
included|in the above, are|as follows:|||
|||||2023|2022|
|||||f.||
||HMRC JRS Furlough
Giants||||592|
||Faithworks||||19,684|
||||||20,276|
|4.|OTHER TRADING ACTIVITIES|||||
|||||2023|2022|
||||||f|
||Other income|||6,262|5,407|
|5.|INVESTMENT INCOME|||||
|||||2023|2022|
||Interest receivable - trading|||5||
||INCOME FROM CHARITAIILE ACTIVITIES|||||
|||||2023|2022|
|||Activity||||
||Rental Income|Ministry,|outreach costs|11,625|7,938|
|7.|NET INCOME/(EXPENDITURE)|||||
||Net income/(expenditure)|is stated atter charging/(crediting):||||
|||||2023|2022|
||Depreciation
- owned assets|||25,831|26,699|
||Hire ofplant and machinery|||588|1,195|
||Sutptus
on disposal offixed assets||||(345)|
||Independent
examination|||1,800|1,740|
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|STAFF COSTS||||||
|---|---|---|---|---|---|
|||||2023|2022|
|||||f.||
|Wages and salaries||||31,423|28,452|
|Social security costs||||81||
|Other pension cosis|||||14|
|||||31,504|28,466|
|The average
monthly|number ofemployees||during the year was as follows;|||
|||||2023|2022|
|Statf (head count)||||4|3|
|No employees
received emoluments||in excess of860,000,||||
|COMPARATIVES|FOR THE STATEMENT OF FINANCIAL ACTIVITIES|||||
||||Unrestricted|Restricted|Total|
||||funds|I'unds|funds|
|INCOME AND ENDOWMENTS||FROM||||
|Donations
and legacies|||86,235|19,734|105,969|
|Charitable
activities||||||
|Ministty,
outreach costs|||7,938||7,938|
|Other ttuding
activities|||5,407||5,407|
|investment
income|||I||I|
|Other income|||345||345|
|Total|||99,926|19,734|119,660|
|EXPENDITURE ON||||||
|Raising funds|||13,549||13,549|
|Charitable
activities||||||
|Governance
costs|||2,064||2,064|
|Ministty,
outreach costs|||69,690|13,734|83,424|
|Total|||85,303|13,734|99,037|
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||||Notes to the Financial Statements
for the Year Ended 31 March|—continued
2023|||
|---|---|---|---|---|---|---|
|10.|COMPARATIVES||I"ORTHE STATEMENT OF FINANCIAL|ACTIVITIES|—continued||
|||||Unrestricted|Restricted|Total|
|||||I'unde|funds|funds|
||||||f,|f|
||NET INCOME|||14,623|6,000|20,623|
||Transfers
between|fumls||19,684|(19,684)||
||Net movement
ia fumls|||34,307|(13,684)|20,623|
||RECONCILIATION||Olr FUNDS||||
||Total funds brought|forward||553,481|36,913|590,394|
||TOTAL FUNDS CARRIED FORWARD|||587,788|23,229|611,017|
|11.|TANGIBLE FIXEDASSETS||||||
|||||Fixtures|||
||||Freehold|and|Computer||
||||pl'opei'tv|fittings|equipment|Totals|
||COST||||||
||At I April 2022||975,000|117,735|1,180|1,093,915|
||Additions|||800||800|
||At 31 March 2023||975,000|118,535|1,180|1,094,715|
||DEPRECIATION||||||
||At I April 2022||82,978|93,102|1,180|177,260|
||Charge for year||20,745|5,086||25,831|
||At 31 March 2023||103,723|98,188|1,180|203,091|
||NET SOOK VALUE||||||
||At 31 Mmch 2023||871,277|20,347||891,624|
||At 31 March 2022||892,022|24,633||916,655|
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|||||||
|---|---|---|---|---|---|
|12.|DEBTORS:AMOUNTS||IrALLING DUE WITHIN ONE YEAR|||
|||||2023|2022|
|||||f,||
||Trade debtors|||317|180|
||Other debtors|||3,350|2,134|
|||||3,667|2,314|
|13.|CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR|||||
|||||2023|2022|
|||||f.||
||Bank loans and overdrails||(see note 15)|24,021|21,325|
||Other loans (see note 15)|||3,138|3,045|
||Trade creditors|||459|2,194|
||Social security
and other taxes|||1,281|1,231|
||Other creditotu|||260|518|
||Accruals and deferred|income||1,800|1,740|
|||||30,959|30,053|
|14.|CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR|||||
|||||2023|2022|
||Bank loans (see note 15)|||245,115|270,634|
||Other loans (see note 15)|||21,883|25,021|
|||||266,998|295,655|
|15.|LOANS|||||
||An analysis ofthe maturity||ofloans is given below:|||
|||||2023|2022|
||Amounts
falling due tv)thin one year on demand:|||||
||Bank loans|||24,021|21,325|
||Other loans|||3,138|3,045|
|||||27,159|24,370|
||Amounts
falling between one and two years:|||||
||Bank loans - 1-2years|||24,177|23,392|
||Other loans - 1-2 years|||3233|3,138|
|||||27,410|26,530|
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|LOANS -|continued|||||
|---|---|---|---|---|---|
|||||2023|2022|
|||||f||
|Amounts
falling due beiween||iivo and five|years:|||
|Bank loans|- 2-5 yeats|||107,513|107,752|
|Other loans|- 2-5 years|||10,298|9,995|
|||||117,811|117,747|
|Amounts
falling due in more than five years:||||||
|Repayable|by instalments:|||||
|Bank loans|more 5 yr by instal|||113,425|139,490|
|Other loans|more 5yrs instal|||8,352|11,888|
|||||121,777|151,378|
|SECURED DEBTS||||||
|The following
secured debts are included|||ivithin creditors:|||
|||||2023|2022|
|||||f|f|
|Bank loans||||269,136|291,959|
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|MOVEMENT|IN FUNDS|||||
|---|---|---|---|---|---|
||||Net|Transfers||
||||movement|between|At|
|||At 1.4.22|in I'unds|funds|31.3.23|
||||||f|
|Unrestricted|fumls|||||
|General
fund||207,033|7,536|8,848|223,417|
|Revaluation
liund||380,483||(8,848)|371,635|
|Mission Trips|(Designated)|272|||272|
|||587,788|7,536||595,324|
|Restricted
fuads||||||
|Building
fund|assets|170|(34)||136|
|Building
fund||19,754|(11,896)||7,858|
|Boiler Fund||2,817|(563)||2,254|
|Cooker Fund||288|(58)||230|
|Recovery Course||200|||200|
|||23,229|(12,551)||10,678|
|TOTAL FUNDS||611,017|(5,015)||606,002|
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|||Incoming|Resources|Movement|
|---|---|---|---|---|
|||resources|expended|in funds|
||||8||
|Unrestricte&l|funds||||
|General
fund||103,990|(96,454)|7,536|
|Restricted
funds|||||
|Building
fund|assets||(34)|(34)|
|Building
fund|||(11,896)|(I1,896)|
|Boiler Fund|||(563)|(563)|
|Cooker Fund|||(58)|(58)|
||||(12,551)|(12,551)|
|TOTAL FUNDS||103,990|(109,005)|(5,015)|
||||Net|Transfers||
|---|---|---|---|---|---|
||||movement|between|At|
|||At 1.4.21|in funds|funds|31.3.22|
|Unrestricted|funds|||||
|Geneml
fund||163,878|14,623|28,532|207,033|
|Revaluation
Fund||389,331||(8,848)|380,483|
|Mission Trips|(Designate)|272|||272|
|||553,481|14,623|19,684|587,788|
|Restricted
funds||||||
|Building
fund|assets|213|(43)||170|
|Building
fund||31,650|(11,896)||19,754|
|Boiler Fund||3,521|(704)||2,817|
|Cooker Fund||360|(72)||288|
|Building
Improvement||969|(969)|||
|Recovety Course||200|||200|
|Faithworks
Capital Grant|||19,684|(19,684)||
|||36,913|6,000|(19,684)|23,229|
|TOTAL FUNDS||590,394|20,623||611,017|
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|||Incoming|Resources|Movement|
|---|---|---|---|---|
|||fesotll'ces|expended|in funds|
|Unrestricted|funds||||
|General
fund||99,926|(85,303)|14,623|
|Restricted
funds|||||
|Building
fund|assets||(43)|(43)|
|Building
fund|||(11,896)|(11,896)|
|Boiler Fund|||(704)|(704)|
|Cooker Fund|||(72)|(72)|
|Building
Improvement||50|(1,019)|(969)|
|Faithworks
Capital Gmnt||19,684||19,684|
|||19,734|(13,734)|6,000|
|TOTAL FUNDS||119,660|(99,037)|20,623|
|||||Net|Transfers||
|---|---|---|---|---|---|---|
|||||movement|between|At|
||||At 1.4.21|in funds|funds|31.3.23|
|Unrestricted|funds||||||
|General
I'und|||163,878|22,159|37,380|223,417|
|Revaluation
Fund|||389,331||(17,696)|371,635|
|Mission Trips|(Designated)||272|||272|
||||553,481|22,159|19,684|595,324|
|Restricted
funds|||||||
|Building
fund|assets||213|(77)||136|
|Building
fund|||31,650|(23,792)||7,858|
|Boiler Fund|||3,521|(1,267)||2,254|
|Cooker Fund|||360|(130)||230|
|Building
Improvement|||969|(969)|||
|Recovery Course|||200|||200|
|Faithworks
Capital||Grant||19,684|(19,684)||
||||36,913|(6,551)|(19,684)|10,678|
|TOTAL FUNDS|||590,394|15,608||606,002|
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|||incoming|Resources|Movement|
|---|---|---|---|---|
|||resources|expended|in funds|
||||f.||
|Unrmtricted|funds||||
|General
fund||203,916|(181,757)|22,159|
|Restricted funds|||||
|Building
fund|assets||(77)|(77)|
|Building
fund|||(23,792)|(23,792)|
|Boiler Fund|||(1,267)|(1,267)|
|Cookm
Fund|||(130)|(130)|
|Building
Improvement||50|(1,019)|(969)|
|I'aithworks
Capital Grant||19,684||19,684|
|||19,734|(26,285)|(6,551)|
|TOTAL FUNDS||223,650|(208,042)|15,608|
|Restricted
Funds|||||
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