2022-12-31-accounts - Excel Church

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		Page
Report ofthe Trustees	I	to	2
Independent Examiner's Report
Statement ofFinancial Activities
Balance Sheet
Notes to the Financial Statements	6	to	I I
Detailed Statentent ofFinancial Activities	12	to	13

				2022	2021
		Unrestricted	Restricted	Total	Total
		fund	fund	funds	funds
	Notes			E
FIXEDASSKTS
Tangible assets	4	1,238,91 1		1,238,91 1	1,229,233
CURRENT ASSETS
Debtors		67,498		67,498	43,693
Cash at bank and in hand		66,617	69,802	136,419	171,903
		134,115	69,802	203,917	215,596
CREDITORS
Ainounts falling due within one year		(12,668)	(69,802)	(82,470)	(65,413)
NKT CURRENT ASSETS		121,447		121,447	150,183
TOTAL ASSETSLESSCURRENT
LIABILITIES		1,360,358		1,360,358	1,379,416
CREDITORS
Amounts falling due after inore than one year	7	(257,213)		(257,213)	(335,983)
NET ASSETS		1,103,145		1,103,145	1,043,433
FUNDS	10
Unrestricted funds:
General fund				1,103,145	1,043,433
TOTAL FUNDS				1,103,145	1,043,433

Tangible fixed assets
Depreciation is provided	at the following	annual	rates in order to write off each asset over its estimated	useful
life.
Freehold property	not provided
Plant and machinery	20%on	reducing	balance
Fixtures and fittings	15%on	reducing	balance
Motor vehicles	25%on	reducing	balance
Computer equipment	25%on	cost

4.	TANGIBLE	FIXEDAS	SETS - continued
			Motor	Computer
			vehicles	equipment	Totals
			E
	COST
	At 1 January	2022	11,947	7,585	1,306,049
	Additions				15,597
	At 31December 2022		11„947	7,585	1,321,646
	DEPRE&CIATION
	At 1 January	2022	9,590	7,2]0	76,816
	Charge for year		589	74	5,919
	At 31December 2022		10,179	7,284	82,735
	NET BOOK	VALUE
	At 31 December 2022		1,768	30'1	1,238,911
	At 31December 2021		2,357	375	1,229,233
5.	DEBTORS:	AMOUNTS	FALLING DUE WITHIN ONK YEAR
				2022	2021
	Other debtors			24,698	24,036
	Tax			38,664	16,398
	Prepayments	and accrued	income	4,136	3,259
				67,498	43,693
6.	CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YK&AR
				2022	2021
	Bank loans and overdralts		(see note 8)	5,919	9,445
	Taxation and	social security		2,359	2,498
	Other creditors			74,192	53,470
				82,470	65,413

7.	CREDITORS: AMOUNTS	FALLING	DUK AFTERMORE	THAN ONE YEAR
					2022	2021
					E
	Bank loans (see note 8)				257,213	335,983
8.	LOANS
	An analysis ofthe maturity ofloans is given below:
					2022	2021
	Amounts falling due within one year on demand:
	Bank loans				5,919	9,445
	Amounts falling due between	two and five years:
	Bank loans - 2-5 years				27,382	41,391
	Amounts falling due in more	than five years:
	Repayable by instalments:
	Bank loans more 5yr by instal				229,831	294,592
	SECURED DEBTS
	The following secured debts	are included	within creditors:
					2022	2021
	Bank loans				263,132	345,428
	The bank loan is secured on the assets ofthe Church.
10.	MOVEMENT IN FUNDS
					Net
					movement	At
				At 1/1/22	in funds	31/12/22
					f.
	Unrestricted funds
	General fund			1,043,433	59,712	1,103,145
	TOTAL FUNDS			1,043,433	59,712	1,103,145

Net movement in funds, included	Net movement in funds, included	Net movement in funds, included	in the above	are as follows:
				Incoming	Resources	Movement
				resources	expended	in funds
				f.
Unrestricted funds
General fund				252,423	(192,711)	59,712
Restricted funds
Restricted fund				47,418	(47,418)
TOTAL FUNDS				299,841	(240,129)	59,712
Comparatives for movement		in	funds
					Net
					movement	At
				At 1/1/21	in fsmds	31/12/21
				f.
Unrestricted funds
General fund				995,440	47,993	1,043,433
Restricted funds
Restricted fund				12,655	(12,655)
TOTAL FUNDS				1,008,095	35,338	1,043,433
Compatative net movement	in	funds, included		in the above are as follows:
				Incoming	Resources	Movement
				resources	expended	in funds
Unrestricted funds
General fund				207,147	(159,154)	47,993
Restricted funds
Reshicted fund				36,782	(49,437)	(12,655)
TOTAL FUNDS				243,929	(208,591)	35,338