2022-03-31-accounts

Registered number: CE012403 Charity number: 1176479

THE POTTERS HOUSE CHRISTIAN FELLOWSHIP UK NORWICH CHURCH

(A Charitable Incorporated Organization)

UNAUDITED

TRUSTEES’ REPORT AND FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2022

THE POTTERS HOUSE CHRISTIAN FELLOWSHIP UK NORWICH CHURCH

(A Charitable Incorporated Organization)

CONTENTS

	Page
Reference and administrative details of the CIO, its trustees and advisers	1
Trustees’ report	2-4
Trustees’ responsibilities statement	5
Independent examiner’s report	6
Statement of financial activities	7
Balance sheet	8-9
Notes to the financial statements	10-19

THE POTTERS HOUSE CHRISTIAN FELLOWSHIP UK NORWICH CHURCH

(A Charitable Incorporated Organization)

REFERENCE AND ADMINISTRATIVE DETAILS OF THE CIO, ITS TRUSTEES AND ADVISERS FOR THE PERIOD ENDED 31 MARCH 2022

Trustees Paul Boddy (Chair) – Resigned 19[th] November 2021 Alan Taylor (Chair) – Appointed 19[th] November 2021 Michael Cant Basil Choudhry Peter Nash Company registered number CE012803 Charity registered number 1176479 Registered office Potters House Church 36 Paddock Street Norwich NR2 4TW Solicitors Clapham & Collinge LLP St Catherine’s House All Saints Green Norwich NR1 3GA

Page 1

THE POTTERS HOUSE CHRISTIAN FELLOWSHIP UK NORWICH CHURCH

(A Charitable Incorporated Organization)

TRUSTEES' REPORT FOR THE PERIOD ENDED 31 MARCH 2022

The Trustees present their report along with the financial statements of the charity for the period 1 April 2021 to 31 March 2022. The financial statements have been prepared in accordance with the accounting policies set out on pages 4 to 12 and comply with the Charity's Constitution and applicable law.

Structure, Governance and Management

The Church registered as a Charitable Incorporated Organisation on 2 January 2018 and its objects are to promote the Christian faith. For the furtherance of this aim regular activities are carried out and invitations given out to the public. Appointment of the trustees is governed by the Constitution of the Charity. The current board of trustees constitutes four members. Details of the trustees who have served during the period are given on page 1. The Church’s Pastor is ex officio the chair of trustees. He is also responsible for the day to day operation of the charity and manages the staff of the charity on behalf of the board. Finance is raised from the congregation's contributions and Gift Aid.

The board of trustees is authorised to appoint new trustees to fill vacancies through resignation or death of an existing trustee until the following AGM, whereupon congregational members will be invited to confirm the new trustee by vote. Other than the Church’s Pastor, trustees are appointed to two-year terms, and may serve for a maximum of six consecutive years. The trustees retain the collective responsibility for major financial decisions and investments and board meetings are held monthly.

Change in leadership

Paul Boddy has been Pastor of the Church since 2010, ex officio the chair of trustees. Unfortunately, due to a period of ill health Pastor Boddy resigned from his role effective 19[th] November 2021. Alan Taylor, being duly licenced by the Potters House UK Pastors’ Executive, was appointed as Pastor, ex officio the chair of trustees, on the 19[th] November 2021. With the change in leadership the strategic vision and direction for the Charity remains unchanged.

Objectives and Activities

The trustees have considered the Charity Commission's guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion. As a result of our faith, we willingly and consistently reach out to welcome visitors to our church. We enable ordinary people to live out their faith as part of our fellowship through worship and prayer, learning about the Gospel and developing their knowledge and trust in Jesus and the challenge to live for God and be obedient to His will for their lives.

As a Christian organisation, our aim is to promote the Gospel of Jesus Christ firstly in our local community and the surrounding areas, by church planting and supporting missionary work. We aim to make a positive contribution in our local community by inviting the general public to concert scenes, drama productions, church services, prayer for the sick and youth/children's work. All these activities are in conjunction with our regular church services. All organised activities and events are of a non-profit basis and are funded by the Church through offerings and donations. Concerts and drama productions are free of charge and are paid for by the congregation's contributions.

Regular church services are held at Potters House Church, 36 Paddock Street, Norwich, NR2 4TW on Wednesday nights and Sunday mornings and evenings.

Sunday school classes are held on Sunday mornings, and Children's Church services on Sunday evenings aim to reach out to local families, catering for ages 4-12. We have a nursery available from birth to 3 which enables parents to take part in every service knowing that their small children are well cared for. A number of young adults and teenagers within the congregation have active roles in all these ministries. DBS checks have been carried out on those working with children, and we maintain a safeguarding policy.

The Church actively seeks to support marriages and has invested in both literature and finances to this purpose, as well as through organising 3-day marriage seminars. These have been very popular and are well attended. The seminars have also been attended by couples who do not attend our church regularly.

Page 2

THE POTTERS HOUSE CHRISTIAN FELLOWSHIP UK NORWICH CHURCH

(A Charitable Incorporated Organization)

TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2022

Covid19 Impact

This financial year the Church was not required to close due to any Covid19 restrictions, however, the pandemic did continue to cause disruption. For the first half of the financial year due to social distancing some of the congregation were unable to attend in-person services. However, by the second half of the financial year we had largely been able to return to normal operations.

Paddock Street

After 16 years at 109-113 Dereham Road during the previous financial year the trustees concluded the search for a new church building. The trustees were looking to find a building that continued to be in a central location, yet would have capacity for longterm expansion and flexibility. From July 2020 we began renovating the building. By the start of this financial year we had already completed the refurbishment of the café area, nurseries, downstairs auditorium, sunday school rooms and offices. This meant that the focus for this financial year was completing the upstairs of the building. The main upstairs auditorium was largely completed by July 2021, in time for us to house our annual Harvesters Homecoming event. The event saw 280 attend and was our largest post-Covid event. Renovations were complete in September 2021, with the Church being able to make full use of the entire building.

116 Stevenson Road

The Church acquired a small community centre, 116 Stevenson Road, at auction in January 2018. It was intended to be a longterm property investment for the Church with the original vision for the building to be a hub for outreach into the Larkman Estate. After several years of outreach activity, momentum stalled during the pandemic. With the Church undertaking the major expansion of our city-centre operations by moving into the Paddock Street building, it was not sustainable for us to continue to operate from two locations. During the Financial Year we were able to secure a tenant for 116 Stevenson Road on a five year lease. This allows the property to be income generative and for us to dedicated into growing attendance at Paddock Street.

Achievements and Performance

We host the annual UK Potter's House Children's Workers Conference which focuses on training and developing the ministry of the volunteers who work with children and young people in Sunday School/Children's Church/youth work. As well as attendees from the UK fellowship, we have had attendees from overseas churches. This conference is free of charge and is paid for from members' contributions, who also make their homes available for accommodation.

We currently have 'daughter' churches in Bury St Edmunds, Doncaster, Erdington, Glasgow, Leicester, Middlesbrough, Newcastle and Portsmouth. The pastoral couples in these churches were trained within our church. We also have 'granddaughter' churches in Ipswich, Peterborough, Rugby, Solihull and Walsall. We have a pastoral couple acting as missionaries in Stockholm, Sweden. These churches are supported financially and spiritually by the Norwich congregation. These churches are invited each July to attend an annual Harvesters Homecoming.

Plans for 2022/23

The final major construction project at Paddock Street is to secure a long-term solution for the roof. The trustees understood from the initial pre-lease site survey that the roof was in a poor state, however, now having spent a winter using the upstairs auditorium it is clear that the roof will require substantial work. We are in negotiation with the landlord to formulate a longterm solution.

The trustees will continue to invest funds in planting churches and regular revivals and outreaches. Plans for 2022/23 include further expression in both national and world evangelism. We envision continuing to church planting locally, regionally and internationally including continued missionary support in line with our objectives.

Page 3

THE POTTERS HOUSE CHRISTIAN FELLOWSHIP UK NORWICH CHURCH

(A Charitable Incorporated Organization)

TRUSTEES' REPORT (CONTINUED) FOR THE PERIOD ENDED 31 MARCH 2022

Financial Review

The trustees consider that the stability of the church and the finances received have been satisfactory. The Church continues to benefit from the generosity and support of its congregation through their giving. Giving has continued, despite the pandemic, to be buoyant. Additionally, this financial year we have benefited from several Covid19 related grants and rental income from the 116 Stevenson Road property.

The trustees are happy with the level of income and the commitment of its congregation through their regular donations, which is boosted by the Gift Aid scheme.

In the previous financial year there was disruption to our normal finances due to Covid19 preventing our ordinary programme of events and the major renovation works on our new Paddock Street building. During this financial year we continued to experience higher than normal building works costs as we completed the upstairs of Paddock Street. Additionally, during the financial year we had higher payroll costs covering the transition between pastors. However, despite the additional expenditure, the Church was able to return to an in-year income/expenditure surplus this financial year.

We once again returned to an in-year surplus. With the large-scale renovation work now complete, the trustees anticipate that next financial year the Church’s finances will return completely to their long-term/typical pattern, with substantially lower payroll and building works costs.

Investment Powers

The Constitution authorises the trustees to make and hold investments using general funds of the charity. No such investments are presently held.

Reserves Policy

The Charity's policy is to maintain sufficient unrestricted funds to cover the next month's expenditure. Reserves are maintained in a separate bank account to operating accounts. This requirement has been met throughout this financial year.

Approved by order of the members of the Board of Trustees and signed on its behalf by:

…………………………………………………

Alan Taylor

Chair of Trustees

Date: 10th January 2023

Page 4

THE POTTERS HOUSE CHRISTIAN FELLOWSHIP UK NORWICH CHURCH

(A Charitable Incorporated Organization)

STATEMENT OF TRUSTEES’ RESPONSIBILITIES FOR THE PERIOD ENDED 31 MARCH 2022

The trustees (who are also the directors of the CIO for the purposes of company law) are responsible for preparing the Trustees' Report and the Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Company law requires the trustees to prepare financial statements for each financial period. Under company law the trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the CIO and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the trustees are required to:

• select suitable accounting policies and then apply them consistently;

• observe the methods and principles of the Charities SORP (FRS 102);

• make judgments and accounting estimates that are reasonable and prudent;

• state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material

• departures disclosed and explained in the financial statements;

• prepare the financial statements on the going concern basis unless it is inappropriate to presume that the CIO will continue in business.

The trustees are responsible for keeping adequate accounting records that are sufficient to show and explain the CIO's transactions and disclose with reasonable accuracy at any time the financial position of the CIO and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the CIO and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the members of the board of trustees and signed on its behalf by:

…………………………………………………

Alan Taylor

Chair of Trustees

Date: 10th January 2023

Page 5

THE POTTERS HOUSE CHRISTIAN FELLOWSHIP UK NORWICH CHURCH

(A Charitable Incorporated Organization)

INDEPENDENT EXAMINER’S REPORT FOR THE PERIOD ENDED 31 MARCH 2022

Independent Examiner's Report to the trustees of The Potters House Christian Fellowship UK Norwich Church ('the CIO')

I report to the charity trustees on my examination of the accounts of the CIO for the period ended 31 March 2022.

Responsibilities and Basis of Report

As the Trustees of the CIO (and its directors for the purposes of company law) you are responsible for the preparation of the accounts in accordance with the requirements of the Companies Act 2006 ('the 2006 Act'). Having satisfied myself that the accounts of the CIO are not required to be audited under Part 16 of the 2006 Act and are eligible for independent examination, I report in respect of my examination of the CIO's accounts carried out under section 145 of the Charities Act 2011 ('the 2011 Act'). In carrying out my examination I have followed the Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent Examiner's Statement

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe:

1. accounting records were not kept in respect of the CIO as required by section 386 of the 2006 Act; or

2. the accounts do not accord with those records; or

3. the accounts do not comply with the accounting requirements of section 396 of the 2006 Act other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination; or

4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

This report is made solely to the CIO's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the CIO's trustees those matters I am required to state to them in an independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the CIO and the CIO's trustees as a body, for my work or for this report.

Signed: R Saeed

Date: 5 January 2023

Mr.R Saeed BSc MA ACCA

Page 6

THE POTTERS HOUSE CHRISTIAN FELLOWSHIP UK NORWICH CHURCH (A Charitable Incorporated Organisation)

STATEMENT OF FINANCIAL ACTIVITIES (INCORPORATING INCOME AND EXPENDITURE ACCOUNT) FOR THE PERIOD ENDED 31 MARCH 2022

Restricted Funds Period 31 March 2022 £ 80,338 - - -	Unrestricted Funds Period 31 March 2022 £ 347,760 26 28,782 9,978	Total Funds Period 31 March 2022 £ 428,098 26 28,782 9,978	Total Funds Period 31 March 2021 £ 396,764 - - -
80,338	347,786	466,884	396,764
137,227	268,099	405,326	443,034
137,227	268,099	405,326	443,034
(56,888)	79,686	61,558	(46,270)
43,895	(43,895)	-	-
(12,993)	35,791	61,558	(46,270)
-	33,593	33,593	55,915

The Statement of Financial Activities includes all gains and losses recognised in the period.

The notes on pages 10 to 19 form part of these financial statements

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THE POTTERS HOUSE CHRISTIAN FELLOWSHIP UK NORWICH CHURCH (A Charitable Incorporated Organisation) REGISTERED NUMBER: CE012803

BALANCE SHEET AS AT 31 MARCH 2022

Note Fixed assets Tangible assets 8 Current assets Debtors 9 Cash at bank and in hand Creditors: amounts falling due within one year 10 Net current assets Total assets less current liabilities Creditors: amounts falling due after more than one year 11 Total net assets Charity funds Restricted funds 12 Unrestricted funds 12 Total funds	2022 £ - 69,384	245,354	2021 £ - 55,512	233,016
		291,938 (211,849)		236,645 (227,000)
		80,089		9,645
		- 69,384		17,371 (7,726)
		69,384		9,645

The CIO was entitled to exemption from audit under section 477 of the Companies Act 2006.

The members have not required the charity to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The Trustees acknowledge their responsibilities for complying with the requirements of the Act with respects to accounting records and preparation of financials statements.

The financial statements have been prepared in accordance with the provisions applicable to CIOs.

Page 8

THE POTTERS HOUSE CHRISTIAN FELLOWSHIP UK NORWICH CHURCH (A Charitable Incorporated Organisation) REGISTERED NUMBER: CE012803

BALANCE SHEET (CONTINUED) AS AT 31 MARCH 2022

The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:

Alan Taylor, Chair of Trustees

Date: 10 January 2023

The notes on pages 10 to 19 form part of these financial statements.

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THE POTTERS HOUSE CHRISTIAN FELLOWSHIP UK NORWICH CHURCH (A Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2022

1. General information

The Potters House Christian Fellowship UK Norwich Church is a Charitable Incorporated Organisation ("CIO") registered with The Charity Commission for England and Wales. The principal activities are those of a pentecostal church.

2. Accounting policies

2.1 Basis of preparation of financial statements

The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Companies Act 2006.

The Potters House Christian Fellowship UK Norwich Church meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.

2.2 Income

All income is recognised once the CIO has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement before income is received, the income is accrued.

2.3 Expenditure

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably.

Expenditure on charitable activities is incurred on directly undertaking the activities which further the CIO's objectives, as well as any associated support costs.

All expenditure is inclusive of irrecoverable VAT.

2.4 Interest receivable

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the CIO; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited.

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THE POTTERS HOUSE CHRISTIAN FELLOWSHIP UK NORWICH CHURCH (A Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2022

2. Accounting policies (continued)

2.5 Tangible fixed assets and depreciation

Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.

Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Freehold property	-	2%
Motor vehicles	-	25%
Fixtures and fittings	-	25%

2.6 Cash at bank and in hand Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

2.7 Liabilities and provisions

Liabilities are recognised when there is an obligation at the balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.

Liabilities are recognised at the amount that the CIO anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.

2.8 Financial instruments

The CIO only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.

2.9 Pensions

The CIO operates a defined contribution pension scheme and the pension charge represents the amounts payable by by the CIO to the fund in respect of the period.

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THE POTTERS HOUSE CHRISTIAN FELLOWSHIP UK NORWICH CHURCH

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2022

(A Charitable Incorporated Organisation)

2. Accounting policies (continued)

2.10 Fund accounting

General funds are unrestricted funds which are available for use at the discretion of the Trustees for the furtherance of the general objectives of the CIO which have not been designated for other purposes.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the CIO for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.

3. Income from donations and legacies

Donation	Restricted Funds Period 31 March 2022 £ 80,338	Unrestricted Funds Period 31 March 2022 £ 347,760	Total Funds Period 31 March 2022 £ 428,098	Total Funds Period 31 March 2021 £ 396,764
	80,338	347,760	428,098	396,764

4. Analysis of expenditure by activities

General ministry Building works	Activities undertaken directly Period 31 March 2022 £ 285,373 60,254	Support cost Period 31 March 2022 £ 59,699 -	Total Funds Period 31 March 2022 £ 345,072 60,254	Total Funds Period 31 March 2021 £ 250,534 192,500
	345,627	59,699	405,326	443,034

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THE POTTERS HOUSE CHRISTIAN FELLOWSHIP UK NORWICH CHURCH

(A Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2022

4. Analysis of expenditure by activities (continued) Analysis of direct costs

Analysis of expenditure by activities (continued) Analysis of direct costs
Building - Maintenance/Works Building - Running Costs Conference and seminars Equipment Fellowship tithe Harvesters homecoming Local outreach New church support Parsonage Revival Staff costs Sunday school and youth group Travel and impact teams Visiting speakers World evangelism Other	Period March 31 2022 £ 60,254 69,806 3,611 14,222 25,400 10,101 2,599 21,135 23,011 5,414 58,848 217 11,234 15,575 22,867 1,334	Total funds Period March 31 2021 £ - 168,866 6,055 5,176 19,539 2,432 1,590 8,537 18,208 845 76,830 - 6,819 12,795 53,881 2,686
	345,627	384,259

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THE POTTERS HOUSE CHRISTIAN FELLOWSHIP UK NORWICH CHURCH (A Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2022

4 Analysis of expenditure by activities (continued)

Analysis of support costs

Bank Charges Books and periodicals Depreciation Equipment Governance costs Hospitality Motor running Self-employed contractors (cleaners & evangelist) Telephone and broadband Other	Total funds Period March 31 2022 £ 1,301 698 27,025 332 4,229 5,986 5,031 11,779 1,915 1,402	Total funds Period March 31 2021 £ - 1,040 25,813 1,029 15,958 1,918 1,728 5,719 2,864 2,706
	59,699	58,775

5 Independent examiner's remuneration

Independent examiner's remuneration
	Period	Period
	31-Mar	31-Mar
	2022	2021
	£	£
Fees payable to the CIO's independent examiner for the independent examination of the
CIO's annual accounts	600	620

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THE POTTERS HOUSE CHRISTIAN FELLOWSHIP UK NORWICH CHURCH

(A Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2022

6. Staff costs

Wages and salaries Social security costs Contribution to defined contribution pension schemes The average number of persons employed by the CIO during the period was as follows: General ministry Buiding works	Period March 31 2022 56,399 2,449 1,475	Period March 31 2021 £ 70,707 5,126 725
	60,323	76,559
	Period March 31 2022 No. 2 -	Period March 31 2021 No. 3 2
	2	5

No employee received remuneration amounting to more than £60,000 in either year.

Paragraph 9.32 of the Charities SORP (FRS 102) requires all charities to disclose the total of any employee benefits received by trustees and its key management personnel for their services - see note 7 for details of Trustee remuneration and expenses.

7. Trustees' remuneration and expenses

During the period the church's Pastor, ex officio a Trustee of the CIO, has been paid remuneration in his capacity as Pastor. The value of Trustees' remuneration and other benefits was as follows:

		Period	Period
		March 31	March 31
		2022	2021
		£	£
Paul Boddy	Remuneration	9,178	14,340
Trustee through to 19 November 2021	Pension contributions paid	382	430
	Other benefits	-	-
Alan Taylor	Remuneration	6,000	-
Trustee from 19 November 2021	Pension contributions paid	179	-
	Other benefits	-	-

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THE POTTERS HOUSE CHRISTIAN FELLOWSHIP UK NORWICH CHURCH (A Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2022

8. Tangible fixed assets

Cost or Valuation At 1 April 2021 Additions At 31 March 2022 Depreciation At 1 April 2021 Charge for the period At 31 March 2022 Net book value At 31 March 2022 9. Debtors Due within one year Prepayment and accrued income 10. Creditors: Amount falling due within one year Stevenson Road Mortgage Paddock Street Rennovation Loan Credit Cards Other Creditors PAYE & NI	Freehold property £ 141,862 8,138	Motor Vehicle £ 4,125 -	Fixtures and fittings £ 87,029 4,200	Total £ 233,016 12,338
	150,000	4,125	91,229	245,354
	8,543 3,000	5,155 1,031	23,539 22,807	37,425 27,025
	11,543	6,187	46,346	64,450
	147,000	3,094	68,421	218,515
			2022 £ -	2021 £ -
			2022 £ 7,800 15,000 - - -	2021 £ 10,800 15,000 15,149 6,742 4,190
			22,800	51,882

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THE POTTERS HOUSE CHRISTIAN FELLOWSHIP UK NORWICH CHURCH

(A Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2022

11. Creditors: Amounts falling due after more than one year

Stevenson Road Mortgage Paddock Street Rennovation Loan The aggregate amount of liabilities payable or repayable wholly or in part more than five years after the reporting date is: Payable or repayable by instalments	2022 £ 88,099 123,750	2021 £ 92,000 135,000
	211,849	227,000
	2022 £ 117,750	2021 £ 125,136
	117,750	125,136

The Stevenson Road Mortgage is secured on the CIO's freehold property: 116 Stevenson Road, Norwich, NR5 8TN. The Paddock Street Rennovation Loan is unsecured and interest free.

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THE POTTERS HOUSE CHRISTIAN FELLOWSHIP UK NORWICH CHURCH

(A Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 MARCH 2022

12. Statement of funds

Statement of funds - current period

Unrestricted funds General funds Restricted funds Love offering Evangelism Conference Building Total of funds	Income £ 386,546	Expenditure £ (268,099)	Transfers in/out £ (43,895)	Balance at 31 March 2022 £ 69,384	Balance at 31 March 2021 £ (32,986)
	11,137 44,792 580 23,829	(15,575) (57,786) (3,611) (60,254)	4,438 - 3,031 36,426	- - - -	- (13,284) - -
	80,338	(137,227)	43,895	-	(13,284)
	466,884	(405,326)	-	69,384	(46,270)

Love Offering —Donations given for love offering are given specifically for the visiting speaker. All money given is passed onto the visiting speaker.

Evangelism —Donations to this fund are for the purpose of supporting mission. Primarily the churches launched from the Norwich congregation, but also to support other Potters House Churches as the need arises. For example the funds are used to cover the missionary church costs, missionary family living costs, and travel expenses (as the need arises) for church leadership to visit in order to assist with the work with preaching, counselling, offering support and training.

Conference —The UK Potters House holds an annual conference which is free to attend; donations given for conference are given specifically to help cover these costs.

Building —These funds are those donated specifically for building works.

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THE POTTERS HOUSE CHRISTIAN FELLOWSHIP UK NORWICH CHURCH

(A Charitable Incorporated Organisation)

NOTES TO THE FINANCIAL STATEMENTS FOR THE PERIOD ENDED 31 MARCH 2022

13. Summary of funds

Summary of funds - current period

General funds Restricted funds	Income £ 386,546 80,338	Expenditure £ (268,099) (137,227)	Transfers in/out £ (43,895) 43,895	Balance at 31 March 2022 £ 74,552 (12,993)	Balance at 31 March 2021 £ (32,986) (13,284)
	466,884	(405,326)	-	61,558	(46,270)

14. Analysis of net assets between funds.

Analysis of net assets between funds - current period

Tangible fixed assets Current assets Creditors due within one year Creditors due in more than one year Total	Restricted Funds 2022 £ - - - -	Unrestricted Funds 2022 £ 245,354 69,384 (22,800) (211,849)	Total Funds 2022 £ 245,354 69,384 (22,800) (211,849)	Total Funds 2021 £ 233,016 55,512 (51,882) (227,000)
	-	80,089	80,089	9,645

15. Pension Commitments

The CIO operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the CIO in an independently administered fund. The pension cost charge represents contributions payable by the CIO to the fund and amounted to £987.

16. Related party transaction

Details of Trustee remuneration and expenses is given in note 7.

During the period, the wife of Trustee Alan Taylor was employed by the CIO, and received a gross salary of £4,800.

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