2023-03-31-accounts - International Presbyterian Church Ealing

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	Note22tE	Note22tE	2023		2022
Fixed assets Tangible assets	I		2,650,460		2,692,573
Current assets Debtors	10	48,916		47,022
Cash at bank and inhand		279.623		247.763
		328,539		294,78s
Creditors:amounts falling due withinoneyear	11	(42,804)		(42.384)
Netcurrentassets			285.735			252.401
Total assetsIesscurrent Iiabilities			2,936,195		2,944,974
Creditors:amounts fallingdue aftermorethanoneyear	12		(272.987)		(	357,204)
Netassets			2.663.208		2587_tl_9.
Reserves
Restricted funds	13		70,350			47,655
Unrestricted income funds	13		2,592,858		2.540.115
Totalcharity funds			2*663208		2587JLA

		2023		2022
		E	f	E
Cashprovidedbyoperating activities(note(a)	below)	128,140		348,848
Cashflows from investing activities
Loan interestpaid	(10,328)		(16,668)
Payments for fixed asset additions Cash (used in)investing activities	L1*735)	(12,063)		(16,668)
Cashflows from financing activities
Repayments ofborrowing	(84,217)		(253,067)
Cash (usedin)financing activities		(84,217)		(?53,067)
Netcashinflow		31,860		79,113
Cash and cash equivalentsat 1 April2022		247.763		168,650
Gashand cashequivalentsat31March2023		u9.623		ru^763.
(a) Reconciliation ofnet incometonet cashflow from operating activities
Netincome		75,438		204,032
Depreciation Loan interestpaid		43,848 10,328		70,796 "16,668
Decrease/(increase)indebtors		(1,8e4)		65,078
lncrease/(decrease)increditors		420		(7.726)
Gashprovidedbyoperating activities		1A*1-40.		348&18

Analy	sis ofchangesinnetdebt
		At1April	Cash	Non-cash	At31 March
		2022 E	flows t	changes €	2023 €
Cash Loans	fallingduewithinoneyear	247,763 (31,667)	31,860		279,623 (31,667)
Loans	fallingdueaftermore than
one Total	year	(357.204) (141.108)	84.217 115-Ul_		(272.987) (25.031)

DONATIONSANDLEGACIES
	Unrestricted	Restricted	Total	Total
	funds t	funds E	2023 E	2022t
Donations andgifts	235,674	118,466	354,140	484,033
Gift aid recoverable	43,090	7.719	50,809	4B.4BB
	z_8J54	1%*135"	494-94e	532j27

	Unrestricted	Restricted	Total	Total
	funds E	funds	2023t	2022 E
Events Bookshop	2,842 1,554		2,842 1.554	M
	4.390		4J90	1*082
GRANTS

GRANTS
	Unrestricted funds tt	Resfrrcfed funds	Total 2023t	Total 2022 E
lnstitutional grants
Mission
UFMWorldwide	6,630		6,630	6,150
London CityMission	2,370		2,370	2,190
OperationMobilisation	1,035		1,035	960
European Mission Fellowship	4,312		4,312	4,000
Reformed EvangelisticFellowsh ip	1,220		1,220	1,'130
Hope Pregnancy advice	3,185	2,551	5,736
IPCPresbytery	25,883	J	25,883	19,287
	44,635	2,551	47,186	33,717
Ukraine
BlythswoodCare		2,760	2,760
European Mission Fellowship		2,760	2,760
BarnabusFund		2.760	2.760
Total institutional grants	_-- 44,635	8.280 10,831	8.280 55,196	J 33,717
lndividuals Totalgrants	2.085 rcJA	J rc,43[	2,085 52551_	1.935 35*052

	Unrestricted	Restricted	Total	Total
	funds t,	funds t	2023 E	2022t
Grants(seenote4)	46,720	10,831	57,551	35,652
Ministry costs
Home Ministries	16,303		16,303	10,778
Speakers				241
Training costs	2,185		2,185	3,069
Travelcosts	1.074		1.074	748
	19.562		19.562	14,836
Sfaffcosfs(seenote7)	110.607	-_-: 22.966	133.573	133,128
Church running costs
Rent	14,400		14,400	14,502
lnsurance	9,344		9,344	7,270
Utilities	20J32		20,132	9,792
Repairs and renewals	7,400	933	8,333	4,117
Loan interest		10,328	10,328	16,668
Building depreciation	26,168		26.168	26.168
	77.444	11.261	88.705	78.517
Suppod cosfs
Printing and stationery lT Softwareandconsumables	3,271 1,355		3,271 1,355	2,369 '1,491
Telephone and postage	703		703	549
Bankcharges	161		161	94
Governance costs (seenote6)	4,686		4,686	3,522
Professional fees	703		703	12,531
Fixture&fittings depreciation charge	17,680		17,680	44,628
Miscellaneousexpenditure	4.843 33.402	-rtr 1,813	6,656 35.215	4.902 70.086
	zil_Jil	4o-w1	334.606	332.219

GOVERNANCE COSTS
	Total	Total
	2023f	2022 E
IndependentExamination	2,172	1,644
Accountancy	2.514	1.878
	4-080	3*522

STAFF COSTSANDRELATED PARTY TRANSACTIONS
	Total	Total
	2023	2022
	t,	E
Salaries	119,795	119,702
Employer's National lnsurance contributions	6,991	6,768
Employer's pension contributions	6,787	6,658
	_1_33J23	133128
The average numberofemployees during theyearwasas follows:	2023	2022
	No.	IVo.
	1	I

	TANGIBLEFIXEDASSETS
		Freehold property tt	Fixture& fittings	Totals t
	Cost
	At1April2022	2,741,753_	145,378	2,887,131
	Additions		1,735	1.735
	As at 31March2023	2.741.753	147.113	2,888,866
	Depreciation
	Al1April2022	69,596	124,962	194,558
	Charge for year	26.168	17,680	43.848
	As at 31March2023	95,764	142.642	238,406
	Netbook value
	At 31March2023 At31March2022	2-045"9!9 z.il2J_il	__4*471 _ruas	2-05!*400 2.W-il_3
1O	DEBTORS
			2023	2022
			t	E
	Gift aid recoverable Other debtors		36,607 12,309 4&gt_0	33,864 '13,158 q-022
11	CREDITORS: Amounts fallingduewithin one year
			2023	2022
			E	f.
	Bankloans		31,667	31,667
	Tax and social security		2,613	2,096
	Other creditors		320	337
	Accruals		8,204 a3!4	8.284 4384
12	CREDITORS: Amounts falling due aftermorethan one year
			2023	2022
			t,	t
	Bankloans		272.987	357.204

FUNDS
	lApril 2022 tt	lncome	Expenditure E	Transfers t	31March 2023 f,
Restricted
Building ProjectFund	20,513	30,338	(11,261-)		39,590
Church Furniture	1,708				1,708
Mortgage Capital		56,619		(56,61e)
UxbridgeFund	12,505				12,505
Support for JoannaMcFarland		3o,oo;	Q2,s6;-)		7,034
SupportforLourens DuPlessis
Support for Ukraine	6,37;	1,901	(8,280)		8,313
HardshipFund	6,550	3,576	(1,813)
Hope		2,551	(2,551)
Green ManEstate	47,655	1.200 '126,185	(46,871)	_-----i (56,619)	-Lru 70,350
Unrestricted GeneralFund	- 2.540.115	283,859	(287.735)	56,619	2,592,858
	2_,587-1L0.	4_A-944	(334.606)	--------------:	2-06-3208
	1April 2021 E	lncome 2t,tt,	Expenditure	31March Transfers2022
Restricted Building ProjectFund 53,242 ChurchFurniture '1,708 MortgageCapital - UxbridgeFund 12,505 Support for JoannaMcFarland - Support for Lourens DuPlessis8,536 Support forUkraine - HardshipFund 6,828 82,819		33,959 207,567 3,000 14,000 6,379 1.375 266,280	(21,1Be) lez,oatI (1,653) (60,523)	(45,499)20,513 - 1,708 (207,567) 12,505 34,681 (22,536)- 6,379 -___- 6.550 (240,921)47,655
Unrestricted
GeneralFund	2,300,919 23A3J3E	269,971 536251	(271,696) (332.219\|240.921	2,540.115 2'587JZ-O

2023	Tangible	Netcurrent	Long term
	assets	assets	Iiabilities	Total
	€	€	E
Restricted funds		70,350		70,350
Unrestricted funds	2.650,460	215,385	(272.987)	2.592.858
	2*650160	u5J_35	Q72.987\|2*663208
2022	Tangible	Netcurrent	Long term
	assets	assets	liabilities	Total
	t	t	€
Restricted funds		47,655		47,655
Unrestricted funds	2.692.573	204.746	(357.204)	2,540.115
	2,6e2_il_3	2ilA91	(3s7.204\|2-5W-110