| Page | |||
|---|---|---|---|
| Reference and Administrative | Details ofthe Charity, its Trustees and Advisers | 1-2 | |
| Trustees' Report |
3-10 | ||
| Independent Auditors' |
Report | on the Financial Statements | 11-14 |
| Statement of Financial | Activities | 15 | |
| Balance Sheet | 16 | ||
| Notes to the Financial | Statements | 17-29 |
| Trustees | H Ayris, Secretary | H Ayris, Secretary | |
|---|---|---|---|
| STunde, Treasurer | |||
| Rev. IJ Bunce |
|||
| BSchulte | |||
| Rev. J R Loveard | |||
| J J Giwa-Majekodunmi | |||
| RS Eborn | |||
| Rev. VJ Bunce | |||
| J L Brown (resigned 31 January 2023) | |||
| KSYates | |||
| E0Arowolo | |||
| S FJohnson | (resigned 14 March 2022) | ||
| F0 Lawani | |||
| Charity registered | |||
| number | 1172326 | ||
| Principal office | Main Road | ||
| Romford | |||
| Essex | |||
| RM1 3BL | |||
| Independent | auditors | Venthams | |
| Chartered Accountants |
|||
| Millhouse | |||
| 32 - 38 East | Street | ||
| Rochford | |||
| Essex | |||
| SS4 1DB |
| Unrestricted | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||
| Note | 2022f | 2022f | 2022f | 2021 | ||
| Income from: | ||||||
| Donations and legacies |
248,995 | 248,995 | 238,133 | |||
| Charitable activities |
150,773 | 150,773 | 112,919 | |||
| Investments | 15,813 | 15,813 | 20,595 | |||
| Other income | 3,714 | |||||
| Total income | 415,581 | 415,581 | 375,361 | |||
| Expenditure on: |
||||||
| Charitable activities |
465,178 | 203 | 465,381 | 395,571 | ||
| Total expenditure | 465,178 | 203 | 465,381 | 395,571 | ||
| Net expenditure | (49,597) | (203) | (49,800) | (20,210) | ||
| Transfers between |
funds | 17 | 446 | (446) | ||
| Net movement in |
funds | (49,151) | (649) | (49,800) | (20,210) | |
| Reconciliation of |
funds: | |||||
| Total funds brought | forward | 7,611,049 | 63,718 | 7,674,767 | 7,694,977 | |
| Net movement in funds |
(49,151) | (649) | (49,800) | (20,210) | ||
| Total funds carried forward | 7,561,898 | 63,069 | 7,624,967 | 7,674,767 |
| 2022 | 2021 | |||||||
|---|---|---|---|---|---|---|---|---|
| Note | ||||||||
| Fixed assets | ||||||||
| Tangible assets | 13 | 6,789,992 | 6,802,707 | |||||
| 6,789,992 | 6,802,707 | |||||||
| Current assets | ||||||||
| Stocks | 14 | 692 | ||||||
| Debtors | 15 | 19,613 | 15,674 | |||||
| Cash at bank | and | in | hand | 838,276 | 878,074 | |||
| 858,581 | 893,748 | |||||||
| Creditors: amounts | falling due within one | |||||||
| year | 16 | (23,606) | (21,688) | |||||
| Net current | assets | 834,975 | 872,060 | |||||
| Total assets | less | current. liabilities | 7,624,967 | 7,674,767 | ||||
| Total net assets | 7,624,967 | 7,674,767 | ||||||
| Charity funds | ||||||||
| Restricted funds |
17 | 63,069 | 63,718 | |||||
| Unrestricted | funds | 17 | 7,561,898 | 7,611,049 | ||||
| Total funds | 7,624,967 | 7,674,767 |
| 3. | Income from | donations | and legacies | ||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||
| funds | funds | funds | funds | ||||
| 2022f | 2022 F |
2022 | 2021 | ||||
| Donations | 248,995 | 248,995 | 238,133 | ||||
| Total 2021 | 237,383 | 750 | 238,133 | ||||
| 4. | Income from | charitable | activities | ||||
| Unrestricted | Total | Total | |||||
| funds | funds | funds | |||||
| 2022f | 2022f | 2021 | |||||
| Income from | charitable | activities - Church | 150,773 | 150,773 | 112,919 | ||
| Total 2021 | 112,919 | 112,919 | |||||
| 5. | Investment | income |
| Unrestricted | Total | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 2022 | 2022 | 2021 | |||
| F | F | ||||
| Investment | income - local investment | properties | 10,325 | 10,325 | 14,900 |
| Investment | income - local cash | 5,488 | 5,488 | 5,695 | |
| 15,813 | 15,813 | 20,595 | |||
| Total 2021 | 20,595 | 20,595 |
| Unrestricted | Total | Total | |||
|---|---|---|---|---|---|
| funds | funds | funds | |||
| 2022f | 2022 F |
2021 | |||
| Government | furlough | income | 3,714 | ||
| Total 2021 | 3,714 | 3,714 | |||
| Analysis of | grants | ||||
| Grants to | Total | Total | |||
| Institutions | funds | funds | |||
| 2022f | 2022 F |
2021 | |||
| Grants, Church | 13,050 | 13,050 | 23,550 | ||
| Total 2021 | 23,550 | 23,550 |
| The Charity has made the following material grants to in |
stitutions during the year: |
|
|---|---|---|
| 2022 | 2021 | |
| F | ||
| Name of institutions | ||
| Graceworks | 1,800 | 1,750 |
| Baptist Union Home Mission | 10,000 | |
| BMS World Mission | 10,250 | 10,000 |
| Operation Mobilisation |
1,000 | 1,800 |
| 13,050 | 23,550 |
| Unrestricted | Restricted | |||
|---|---|---|---|---|
| funds | funds | Total | Total | |
| 2022 | 2022 | 2022 | 2021 | |
| Church | 465,178 | 203 | 465,381 | 395,571 |
| Total 2021 | 395, 1'l 6 | 455 | 395,571 |
| Activities | Grant | ||||
|---|---|---|---|---|---|
| undertaken | funding of |
Support | Total | Total | |
| directly | activities | costs | funds | funds | |
| 2022f | 2022 F |
2022f | 2022f | 2021 | |
| Church | 299,316 | 13,050 | 153,015 | 465,381 | 395,571 |
| Total 2021 | 242,557 | 23,550 | 129,464 | 395,571 |
| Total | Total | |||
|---|---|---|---|---|
| Church | funds | funds | ||
| 2022f | 2022f | 2021 | ||
| Staff costs | 208,344 | 208,344 | 185,090 | |
| Church housing |
expenses | 38,252 | 38,252 | 18,464 |
| Travel | 766 | 766 | 428 | |
| Other ministerial | costs | 9,980 | 9,980 | 8,516 |
| Mission and outreach | 41,974 | 41,974 | 30,059 | |
| 299,316 | 299,316 | 242,557 | ||
| Total2021 | 242,557 | 242,557 |
| Total | Total | |||
|---|---|---|---|---|
| Church | funds | funds | ||
| 2022 | 2022f | 2021f | ||
| Staff costs | 39,769 | 39,769 | 37,011 | |
| Depreciation | 20,936 | 20,936 | 19,341 | |
| Church premises | 40,142 | 40,142 | 30,048 | |
| Church office expenses | 38,042 | 38,042 | 40,703 | |
| Auditors' remuneration |
7,170 | 7,170 | 6,642 | |
| Legal fees | 6,956 | 6,956 | 719 | |
| Loss/(profit) | on disposal | (5,000) | ||
| 153,015 | 153,015 | 129,464 | ||
| Total 2021 | 129,464 | 129,464 |
| (2021 - E -) Staff costs |
. | ||||
|---|---|---|---|---|---|
| 2022 | 2021 | ||||
| F | |||||
| Wages and | salaries | 212,822 | 184,972 | ||
| Social security costs | 11,549 | 11,456 | |||
| Contribution | to defined | contribution | pension schemes | 23,742 | 25,673 |
| 248,113 | 222,101 |
| 2022 | 2021 | |
|---|---|---|
| No. | No. | |
| Employees | 13 |
| Long-term | ||||
|---|---|---|---|---|
| Freehold | leasehold | Fixtures and | ||
| property | property | fittings | Totalf | |
| Cost orvaluation | ||||
| At 1 January 2022 | 6,577,314 | 188,000 | 116,802 | 6,882,116 |
| Additions | 8,221 | 8,221 | ||
| At 31 December 2022 | 6,577,314 | 188,000 | 125,023 | 6,890,337 |
| Depreciation | ||||
| At 1 January 2022 | 79,409 | 79,409 | ||
| Charge for the year | 20,936 | 20,936 | ||
| At 31 December 2022 | 100,345 | 100,345 | ||
| Net book value | ||||
| At 31 December 2022 | 6,577,314 | 188,000 | 24,678 | 6,789,992 |
| At 31December 2021 | 6,577,314 | 188,000 | 37,393 | 6,802,707 |
| 14. | Stocks | ||||
|---|---|---|---|---|---|
| 2022f | 2021 | ||||
| Raw materials | and consumables | 692 | |||
| 15. | Debtors | ||||
| 2022f | 2021 | ||||
| Due within one year | |||||
| Trade debtors | 595 | 492 | |||
| Other debtors | 12,899 | 10,387 | |||
| Prepayments | and accrued income | 6,119 | 4,795 | ||
| 19,613 | 15,674 | ||||
| 16. | Creditors: Amounts | falling due within one year | |||
| 2022f | 2021 | ||||
| Trade creditors | 12,433 | 10,554 | |||
| Other taxation | and social security | 4,003 | 4,492 | ||
| Accruals and | deferred | income | 7,170 | 6,642 | |
| 23,606 | 21,688 |
| Statement offunds | -current | year | ||||
|---|---|---|---|---|---|---|
| Balance at | ||||||
| Balance at 1 | 31 | |||||
| January | Transfers | December | ||||
| 2022 | Income f |
Expenditure | in/out f |
2022 f |
||
| Unrestricted funds |
||||||
| Designated funds |
||||||
| Fixed asset fund | 6,802,707 | (12,715) | 6,789,992 | |||
| Contingency fund |
68,090 | 68,090 | ||||
| Junction Road |
45,170 | 45,170 | ||||
| Parent and Toddler | Group | 6,387 | (3,318) | 3,069 | ||
| 6,915,967 | 6,387 | (3,318) | (12,715) | 6,906,321 | ||
| General funds | ||||||
| General fund | 675,271 | 389,974 | (453,588) | 20,895 | 632,552 | |
| Auxiliaries fund |
7,789 | 7,789 | ||||
| Church group activity funds |
12,022 | 19,220 | (8,272) | (7,734) | 15,236 | |
| 695,082 | 409,194 | (461,860) | 13,161 | 655,577 | ||
| Total Unrestricted | funds | 7,611,049 | 415,581 | (465,178) | 446 | 7,561,898 |
| Restricted funds | ||||||
| Benevolent Fund |
252 | 252 | ||||
| Future project fund | 60,000 | 60,000 | ||||
| Energise fund | 446 | (446) | ||||
| Jack Petchey Fund | 3,020 | (203) | 2,817 | |||
| 63,718 | (203) | (446) | 63,069 | |||
| Total offunds | 7,674,767 | 415,581 | (465,381) | 7,624,967 |
| Balance at | ||||||
|---|---|---|---|---|---|---|
| Balance at | 31 | |||||
| 1January | Transfers | December | ||||
| 2021 | Income | Expenditure | inlout | 2021 | ||
| Unrestricted funds |
||||||
| Designated funds |
||||||
| Fixed asset fund | 6,790,923 | 11,784 | 6,802,707 | |||
| Contingency fund |
68,090 | 68,090 | ||||
| Junction Road |
45,170 | 45,170 | ||||
| Parent and Toddler | Group | |||||
| 6,904,183 | 11,784 | 6,915,967 | ||||
| General funds | ||||||
| General fund | 712,072 | 363,057 | (385,074) | (14,784) | 675,271 | |
| Auxiliaries fund |
7,789 | 7,789 | ||||
| Church group activity funds | 7,510 | 11,554 | (10,042) | 3,000 | 12,022 | |
| 727,371 | 374,611 | (395,116) | (11,784) | 695,082 | ||
| Total Unrestricted | funds | 7,631,554 | 374,611 | (395,116) | 7,611,049 | |
| Restricted funds | ||||||
| Benevolent Fund |
252 | 252 | ||||
| Future project fund | 60,000 | 60,000 | ||||
| Energise fund | 446 | 446 | ||||
| Jack Petchey Fund | 2,725 | 750 | (455) | 3,020 | ||
| 63,423 | 750 | (455) | 63,718 | |||
| Total offunds | 7,694,977 | 375,361 | (395,571) | 7,674,767 |
| Summary | offunds - current ye | ar | ||||
|---|---|---|---|---|---|---|
| Balance at | ||||||
| Balance at 1 | 31 | |||||
| January | Transfers | December | ||||
| 2022f | Income f |
Expenditure f |
in/outf | 2022f | ||
| Designated | funds | 6,915,967 | 6,387 | (3,318) | (12,715) | 6,906,321 |
| General funds | 695,082 | 409,194 | (461,860) | 13,161 | 655,577 | |
| Restricted | funds | 63,718 | (203) | (446) | 63,069 | |
| 7,674,767 | 415,581 | (465,381) | 7,624,967 | |||
| Summary | offunds - prior year | |||||
| Balance at | ||||||
| Balance at | 31 | |||||
| 1January | Transfers | December | ||||
| 2021f | Income | Expenditure | in/out | 2021 | ||
| Designated | funds | 6,904,183 | 11,784 | 6,915,967 | ||
| General funds | 727,371 | 374,611 | (395,116) | (11,784) | 695,082 | |
| Restricted | funds | 63,423 | 750 | (455) | 63,718 | |
| 7,694,977 | 375,361 | (395,571) | 7,674,767 |
| Analysis | of n | et asse | ts | between funds - cur | rent year | ||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||||
| funds | funds | funds | |||||
| 2022 f |
2022 f |
2022f | |||||
| Tangible | fixed | assets | 6,789,992 | 6,789,992 | |||
| Current | assets | 795,512 | 63,069 | 858,581 | |||
| Creditors | due | within | one | year | (23,606) | (23,606) | |
| Total | 7,561,898 | 63,069 | 7,624,967 |
| Analysis | of n | et asse | ts | between funds - prio | r year | ||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||||
| funds | funds | funds | |||||
| 2021 | 2021 | 2021 | |||||
| Tangible | fixed | assets | 6,802,707 | 6,802,707 | |||
| Current | assets | 830,030 | 63,718 | 893,748 | |||
| Creditors | due | within | one | year | (21,688) | (21,688) | |
| Total | 7, 6'/1, 049 | 63,718 | 7,674,767 |