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2022-12-31-accounts

Page
Reference and administrative
details
Trustees' report 2 to 5
Report of Independent Auditors 6to 7
Statement of Financial Activities
Balance sheet
Cash Flow Statement 10
Notes to the Cash Flow Statement 10
Notes to the Financial Statements 11to 22
Detailed Statement of Financial Activities 23

Note Unrestricted Restricted Total Funds Total Funds
Funds Funds 31.12.22 31.12.21
Income and endowments from E E E E
Donations
and legacies		 601,375 403,375 1,004,750 614,073
Other trading activities
Investment
income		 81,208
33,085		 81,208
33,085		 50,123
2,060
Other Income 1B,000 18,000 22,203
Total income and endowments 733,668 403,375 1,137,043 688,459
EXPENDITURE ON
Charitable
activities:
M(nistries
Giving away
Other		 85,081
14,825
609,692		 126,597 85,081
14'(,422
609,692		 42,317
191,003
467,080
Total expenditure 709,598 126,597 836,195 700,400
NET INCOME/(EXPENDITURE) 24,070 276,778 300,848 (11,941)
Gain on acquisition 24 763,807 4,456 768,263
Transfers between
funds		 22 (385,119) 385,119
Net movement
between		 funds 402,758 666,353 1,069,111 (11,941}
Reconciliation
of funds
Total funds
brought
forward		 959,236 37,255 996,491 1,008,432
Tota! funds carried forward 1,361,994 703,608 2,065,602 996,491
CONTINUING
OPERATIONS
All income ard exoendhur, has arisen from, ontln mg activities.

31 December 2 022
31.12.22 31.12.21
Unrestricted Restricted Total Tots!
Funds Funds Funds Funds
Notes 8
Fixed Assets
Tangible assets 14 1,194,673 300,484 1,495,157 916,873
Investment
Property		 15 530,000 530,000
Current
Assets
Debtors 16 49,550 49,550 45,228
Cash at bank and in hand 222,576 318,262 540,838 166,488
272, 126 318,262 590,388 211.716
Creditors
Amounts
falling
due within one year 17 (81,467) (81,467} (33,867)
Net Current Assets 190,659 318,262 508,921 177,849
Total Assets less Current Liabilities 1.915,332 618,746 2,534,078 1,094,722
CREDITORS
Amount
falling		 due after more than
one year 18 (553,338) 84,862 (468,476} I98,231(
NET ASSETS 1,361,994 703,608 2,065,602 996.491
Funds
Unrestricted funds 22 1,361,994 959,236
Restricted
funds		 703,608 37,255
Total Funds 2,065.602 996,491

for the Year Ended 31 D e ce mbe r 20 22
Year ended Year ended
31.12.22 31.12.21
Note E E
Cash flow from operating activities
Cash flow from operating activities 1 1,139,691 (5,061)
Interest
Paid		 (19,237) (4,118)
Net cash provided
by operating		 activities 1,120,454 (9,179)
Cash flow from investing activilies
Purchase of tangible fixed assets (332,474) (25,166)
Sale of tangible
fixed assets		 330,300
Assets acquires from Ail Nations Church
Leicester		 (1,137,277)
Interest received 913 560
Net cash (used in)/provided by investing activities (1,138,538) (24,606)
Cash flows from financing activities
Movement
in loans		 392,434 (8,199)
Net cash (used in)/provided by financing activities 392,434 (8,199)
Change
in cash and cash		 equivalents in the reporting period 374,350 (41,984)
Cash and cash equivalents at the beginning ofthe reporting period 166,488 208,472
Cash and cash equivalents at the end ofthe reporting period 540,838 166,488
1
RECONCILIATION
OF		 NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
Net income for the reporting period (as per the Statement of Financial Activities)
31.12.22 31.12.21
Net movement
in funds		 1,069,111 (11,941)
Adjustments
for:
Depreciation
charges		 31,167 14,249
Interest received l913) (560)
Interest paid 19,237 4,118
(Increase)/decrease
in debtors		 (4,322) (12,265)
Increase/(decrease)
in creditors		 25,411 1,338
Net cash (used in)/ provided by operations 1,139,691 5,061)
2
ANALYSIS OF CHANGES		 IN NET FUNDS
At 1.1.22 Cash flow At 31.12.22
Net cash
Cash at bank and in hand 166,488 374,350 540,838
Total 166,488 374,350 540,838
Debt
Debts falling due within
1 year
Debts falling due after
1 year		 (7.772)
~9S.3t		 (22,189) (29,961)
~1W,M3i

DONATION S
AND LEGACIE		 S
Year ended Year ended
31.12.22 31.12.21
E E
Legacies 28,311 15,000
Regular Giving 482,886 441,229
Gift aid 90,179 50,809
Grants 1,000 25,286
Mission income 39,127 79,864
Restricted Giving 11,627
Building Fund 351,620
77'		 1,885

OTHER TRADING ACTIVITIE S
Year ended Year ended
31.12.22 31.12.21
E E
Activities and clubs 3,338 1,493
Oak Centre 77,870 48,630
81,208 50,123
Year ended Year ended
31.12.22 31.12.21
E E
Rent received 17,500 1,500
Rent received No 12 14,672
Deposit account interest 913 560
33,085 2,060

Year ended Year ended
31.12.22 31.12.21
E E
Job retention scheme grants 7,003
Other income 18,000 15,200
0

6 CHARITABLE ACTIVITI ES COSTS
Direct Costs
(see note 7)
E
Ministries 85,081
Giving away 141,422
226,503
7 DIRECT COSTS OF CHARITABLE ACTIVITIES
31.12.22 31.12.21
E E
Ministries 85,081 42,317
Giving Away 141,422 191,003
226,503 233,320
8 SUPPORT COSTS
Governance
Finance Other Costs Totals
E f. E E
Other resources
expended 3,749 573,297 32,646 609,692
Support costs included m above are as follows:
31.12.22 31.12.21
E E
Bank charges 3p749 1,100
Independent examination 2,713
Audit fees 10,000
Legal fees 22,646 1,480
36,395 5,293

Included
in the		 Other expenditure
is a		 s foilows
31.12,22 31.12.21
Unrestricted Restricted Unrestricted Restricted
funds funds Total Funds funds funds Total Funds
E E E E E
Wages 8 Salaries 395,254 395,254 343,408 343,408
Project Costs 30,851 30,851 21,962 21,962
Other operating exs 147,192 147,192 96,417 96,417
Finance costs 3,749 3,749 1,100 1,100
Governance
Costs		 32,646 32,646 4,193 4,193
609 692 6II9 692 6!9000 962 060
31.12.22 31.12.21
E E
Wages 23,505 18,874
Sociai security 1,309 623
Pensions 1,491 1,124
Repairs,
cleaning		 and maintenance 13,655 24,275
Catering 1,140 263
project costs 9,252 6,910
Office expenses 3,522 1,007
Telephone
and IT		 costs 399 636
Insurance 796 769
Bank charges 484 444
55,553 54,925

The following The following trustees received emoluments received emoluments during during the year. They are paid in their capacity as
ministers of the Church for which the legal authority is given in the Articles of association.
2022 2021
D Hind E E
Remuneration for ministry support 45,831 44,505
Pension contributions 5,500 5,118
Benefits in kind 2,472 2,400
53,803 52,023
J Prestwich
Remuneration for ministry support 32,080 31,150
Pension contributions 1,604 1,402
33,684 32,552

Year Year
12 STAFF COSTS ended ended
31.12.22 31.12.21
E E
Salaries and wages 340,591 296,044
Social security costs 17,952 15,569
Pension costs 36,711 31,795
395,254 343,408
The average number of persons employed by the charity during the year was as follows:
31.12.22 31.12.21
Number Number
Total number of staff 25 22

Unrestricted Restricted 2021 Total
Funds Funds Funds
E E E
INCOME AND ENDOWMENTS FROM
Donations
and		 legacies 536,072 78,001 614,073
Other trading act&vities 50,123 50,123
Investment
income		 2,060 2,060
Other 22,203 22,203
Total 610,458 78,001 688,459
EXPENDITURE ON
Charitable
activities
Ministries 42,317 42,317
G(wng away 53,663 137,340 191,003
Other 467,080 467,080
Total 563,060 137,340 700,400
NET INCOME/(EXPENDITURE) 47,398 (59,339) (11,941)
Transfers
between
funds		 9,574 (9,574)
Net movement in funds 56,972 (68,913) (11,941)
RECONCILIATION
OF		 FUNDS
Total funds brought forward 902,264 106,168 1,008,432
TOTAL FUNDS CARRIED FORWARD 959,236 37,255 996491

Improvements Freehold Church
to property property Equipment Total
E E E E
Cost
At 1st January 2022 836,132 138,744 974,876
Additions 310,846 601,453 27,452 939,751
Disposals (330,300) (330,300)
At 31st December 2022 310,046 1,107,205 166,196 1,504.327
Depreciation
At 1st January 2022 58,003 58,003
Charge for the year 10,362 4,010 16,795 31,167
At 31st December 2022 10,362 4,010 74,798 89,170
Net book value
At 31st December 2022 300,484 1,103,275 91,398 1,495,157
At 31st December 2021 836,132 80,741 916,873

31.12.22 31.12.21
E E
Acquired from All Nations Church Leicester 530,000
Market value at 31 December 2022 530,000

DEBTORS:A MOUNTS
FALLING DUE WITHIN		 ONE YEAR
31.12.22 31.12.21
E E
Trade debtors 19,210 20,996
Other debtors 15,772 12,773
Prepayments and accrued income 14,568 11,459
49,550 45,228

for the Year Ended 31 Dec the Year Ended 31 Dec ember 2022 ember 2022 ember 2022 ember 2022 ember 2022 ember 2022 ember 2022
17 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
E E
Bank loans and overdrafts (see note 19) 29,961 7,772
Trade creditors 21,463 7,757
Social security and other taxes 5,163 4,723
Other creditors 5,639 9,445
Accrued
Expenses		 19,241 4,170
81,467 33,867
18 CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.12.22 31.12.21
E f
Bank loans and overdrafts (see note 19) 468,476 98,231
468,476 98,231
19 LOANS
An analysis of the maturity of loans is given below:
31.12.22 31.12.21
E E
Amounts
falling		 due within one year on demand:
Bank loans 29,961 7,772
Amounts
falling		 due between
one and two years:
Bank loans
—1-2 years		 32,465 7,772
Amounts
falling		 due between
two and five years:
Bank loans - 2-5 years 97,395 23,316
Amounts
falling		 due in more than five years:
Bank loans - more than 5 years years 338,616 67,143
20 LEASING AGREEMENTS
Minimum
lease		 payments under non-cancellable leases fall due as follows:
31.12.22 31.12.21
E
Within one year 475 476
Between one and five years 239 714
714 1,190
21 SECURED DEBTS
The following
secured debts are		 included within creditors:
31.12,22 31.12.21
E E
Bank loans 498,437 106,003
The bank loan is secured on the freehold properties

MOVEMENT
IN FUNDS
Net Transfers
movement between Gains/(losses)
At 1.1.22 in funds funds on acquisition At 31.12.22
E E E E
Unrestricted
funds
General 959,236 24,070 (385,119) 763,807 1,361,994
959,236 24,070 (385,119) 763,807 1,361,994
Restricted funds
Building
fund
Missions		 28,569
8,686		 321,487
(45,506)		 338,585
46,534		 688,641
9,714
Grants 1,000 1,000
Specific Giving
Open Hands
Widows and Orphans
-
Family larder
-ANCL
Community
(1%) Fund
Ukraine
Appeal
- ANCL
MicheUe Arthur
- ANCL		 ANCL
- ANCL		 (251)
48		 1,507
511
2,128
200
110		 (251)
48
1,507
511
2,128
200
110
37,255 276,778 385,119 4,456 703,608
TOTAL FUNDS 996,491 300,848 768,263 2,065,602
Net mov emen t
in funds,
included
in the		 above, are as follows:
Incoming Resources Movement in
Resources expended funds
E E E
Unrestricted funds
General fund 733 668 (709,598) 24,070
Restricted funds
Bugding
Missions		 Fund 351,620
39,127		 (30,133)
(84,633)		 321,487
(45,506)
Grants 1,000 1,000
Specific Giving
Open Hands
Building
Open Hands		 3,831
513
7,284		 (4,082)
(513)
(7,236)		 (251)
48
403,375 ~1
TOTAL FUNDS 1,137,043 (836,195) 300,848

Comparatives for movement in funds
Net Transfers
movement between
At 1.1.21 in funds funds At 31.12.21
E E E
Unrestricted Funds
General 902,264 47,398 9,574 959,236
Restricted
Funds
Building
fund		 96,594 1,885 (69,910) 28,569
Missions 8,686 8,686
Grants 9,574 (9,574)
Open Hands Building (69,910) 69,910
106,168 (59,339) (9,574) 37,255
TOTAL FUNDS 1,008,432 (11,941) 996,491
Comparative net movement in funds, included in the above are as follows:
Incoming Resourses Movement
in
E E E
Unrestricted funds
General fund 610,458 (563,060) 47,398
Restricted funds
Building fund 1,885 1,885
Missions 72,713 (64,027) 8,686
Open Hands Building 3,403 (73,313) (69,910)
78,001 (137,340) (59,339)
TOTAL FUNDS 688,459 (700,400) (11,941)
Restricted
funds

E
Fixed assets 1,137,277
Current
Assets		 73,580
Current
Liabilities		 (442,594)
Net assets 768,263