2022-03-31-accounts

		Page
Reference and Administrative Details
Report ofthe Trustees	2	to	7
Independent Examiner's Report
Statement ofFinancial Activities
Balance Sheet		10
Cash Flow Statement
Notes to the Cash Flow Statement		12
Notes to the Financial Statements	13	to	19
Detailed Statement ofFinancial Activities		20

						31/3/22	31/3/21
			Unrestricted	Restricted	Designated	Total	Total
			fund	funds	fund	funds	funds
		Notes
INCOME AND
ENDOWMENTS	FROM
Donations and legacies		3	~514 189	228 445		~742 634	633 271
EXPENDITURE	ON
Charitable activities
Direct Charitable	Expenditure		491,812	252,789	39,259	783,860	542,071
NET
INCOME/(EXPENDITURE)			22,377	(24,344)	(39,259)	(41,226)	91,200
Transfers between funds		16	~48 154)	3 000	45,154
Net ntovemcnt in	funds		(25,777)	(21,344)	5,895	(41,226)	91,200
RECONCILIATION OF
FUNDS
Total funds brought forward			129,912	133,230	49,051	312,193	220,993
TOTAL FUNDS	CARRIED
FORWARD			104 135	111.886	~54 946	270 967	312 193

		31STM	ARCH 2022
					31/3/22	31/3/21
		Unrestricted	Restricted	Designated	Total	Total
		fund	funds	fund	funds	funds
	Notes			f,
FIXEDASSETS
Tangible assets	13	2,629			2,629	4,922
CURRENT ASSETS
Debtors	14	9,606	5,807		15,413	27,685
Cash at bank		~IOI 210	186,954	~54 946	343 110	~289 049
		110,816	192,761	54,946	358,523	316,734
CREDITORS
Amounts falling due within one
year	15	(9,310)	(80,875)		(90,185)	(9,463)
NKT CURRENT ASSETS		101506	~111886	~54 946	268 338	~307271
TOTAL ASSETSLESS
CURRENT LIABILITIES		104,135	111,886	54,946	270,967	312,193
NET ASSETS		~104 135	111886	~54 946	270 967	312 193
FUNDS	16
Unrestricted funds					104,135	129,912
Restricted funds					111,886	133,230
Designated funds					~54 946	49051
TOTAL FUNDS					~270 967	312 193

	FOR	THK YEAR ENDED	31STMARCH 2022
			31/3/22	31/3/21
		Notes		6
Cash flows from operating	activities
Cash generated from operations Interest paid			93,242	134,491 ~39
Net cash provided by operating activities			93242	134452
Cash flows from investing	activities
Purchase oftangible fixed assets				(2,752)
Investment income			78	488
Net cash provided by/(used	in) investing	activities	78	~2264)
Cash flows from financing	activities
Expenditure attributable to	designated		~39259)	~40 948)
Net cash used in financing	activities		~39259)	~40,948)
Change in cash and cash equivalents		in
the reporting period			54,061	91,240
Cash and cash equivalents	at the
beginning ofthe reporting	period		~289 049	~197809
Cash and cash equivalents	at the end	of
the reporting period			343 110	~289 049

OPERATING ACTIVI	TIES
			31/3/22	3I/3/21
Net (expenditure)/income	for the reporting	period (as per tbe
Statement ofFinancial	Activities)		(41,226)	91,200
Adjustmcnts for:
Depreciation charges			2,293	2,543
Interest paid				39
Expenditure attributable	to designated		39,259	40,948
Interest receivable			(78)	(488)
Decrease in debtors Increase/(decrease) in creditors			12,272 ~80 722	1,015 ~766
Net cash provided by o	perations		93,242	~134491

ANALYSIS OF CHANt ESIN NET	FUNDS
	At I/4/21	Cash flow	At 31/3/22
Net cash
Cash at bank	' 289049	~54 061	343 110
	289 049	~54 061	343 110
Total	289 049	54 061	343 110

			FOR THE YEAR ENDED 31ST	FOR THE YEAR ENDED 31ST	FOR THE YEAR ENDED 31ST	MARCH 2022
3,	DONATIONS		AND LEGACIES
							31/3/22	31/3/21
	Ordinary						1!2,973	125,067
	Income trom	Gift		Aid donations			478,743	385,079
	Gift aid						118,323	96,366
	Other income						32 595	~26 759
							~742 634	633271
4.	CHARITABLE			ACTIVITIES COSTS
							Support
						Direct	cosis (see
						Costs	note 5) f	Totals f.
	Direct Charitable			Expenditure		~765 925	17935	~783 860
5.	SUPPORT COSTS
						' Finance	Other	Totals
	Direct Charitable			Expenditure		182	17753	~17 935
6.	NET INCOME/(EXPENDITURE)
	Net income/(expenditure)				is stated atter charging/(crediting):
							31/3/22	31/3/21
								f
	Depreciation	-	owned assets				2 293	2 542

The average monthly number ofemployees during	the year was as follows:
	31/3/22	31/3/21
Trustees	3	3
Other employees	13	12
	16	15

			2022	2021
Salaries			341,745	298,878
Employer's	National	Insurance	22,731	21,854
Employer's	Pension	Contributions	36 203	34 534
			400 670	355 270

			2022	2021
Travel costs			2,772	1,443
Phone costs			369	445
Tl'annng	costs		4,671	6,368
General	costs		1,012	1,712
Income	replacement	scheme	324	555
Elder's	book allowance		1 164	821
			10316	11344

		2022	2021
Subscriptions		6,904	6,652
Accountancy		2,598	2,538
Payroll fees		1,198	1,135
Other professional	costs	656	276
		11356	10601

Restricted Training Fuuds	Restricted Training Fuuds
The training funds, set up in 2009 are restricted		income received to be used		by	the church	in	training	apprentices
and associate pastors	employed by the Church.	The training	costs include	compensation,			course	fees, related
travel and materials.	Since the fund was created	12 people have been trained.			At 31st March 2022,			there was a
balance off47,514(2021:835,258).
TANGIBLE FIXEDASSETS
								Office
								equipment
COST
At 1stApril 2021 and	31stMarch 2022							52 807
DEPRECIATION
At 1stApri12021								47,885
Charge for year								2 293
At 31stMarch 2022								50 178
NKT BOOK VALUE
At 31stMarch 2022								2 629
At 31stMarch 2021								~4922
DEBTORS:AMOUNTS FALLING DUE WITHIN ONK			YEAR
					31/3/22			31/3/21
Other debtors								580
Loans outstanding						930		930
Income Tax Recoverable —Gift Aid					12,928			26,175
Prepayments					~1555
					~15	413		27 685

15.	CREDITORS	: AMOUNTS FALLIN	G DUE IVITHIN ONK	YEAR
					31/3/22	31/3/21
					f.	f,
	Other creditors					315
	Deferred Grants				5,000	5,000
	Accrued expenses				85,185	~4148
					~90 185	9463
16.	MOVEMENT	IN FUNDS
				Net	Transfers
				movement	between	At
			At 1/4/21	in funds	funds	31/3/22
	Unrestricted funds
	General fund		129,912	22,377	(48,154)	104,135
	Restricted funds
	Training lund		35,258	12,256		47,514
	Building fund		54,735	(18,245)		36,490
	Africa fund		1,256			1,256
	Masumbuko fund		1	50		51
	Needy Persons	fund	2,806	(458)	16,514	18,862
	FSFfund		39,044	(6,130)	(32,914)
	CAP Hampers	fund		(1,000)	1,000
	Other fund		130	~10817)	18400	7713
			133,230	(24,344)	3,000	111,886
	Designated funds
	Tithe fund		49,051	(39,259)	45,154	54,946
	TOTAI. FUNDS		~312 193	~41 226)		270 967

				Incoming	Resources	Movement
				resources	expended	in funds
Unrestricted	funds
General fund				514,189	(491,812)	22,377
Restricted fnnds
Training fund				55,000	(42,744)	12,256
Building fund				152,773	(171,018)	(18,245)
Masumbuko fund				425	(375)	50
Needy Persons	fund			1,513	(1,971)	(458)
FSF fund					(6,130)	(6,130)
CAP Hampers	fund			1,842	(2,842)	(1,000)
Other fund				~16892	~27 709)	~10817)
				228,445	(252,789)	(24,344)
Designated funds
Tithe fund					(39,259)	(39,259)
TOTAL FUNDS				742 634	~783 860)	~41 226)
Comparatives	for movement	in funds
				Net	Transfers
				movement	between	At
			At 1/4/20	in funds	funds	31/3/21
					8
Unrestricted	funds
General fund			94,826	81,347	(46,261)	129,912
Restricted funds
Training fund			12,736	22,522		35,258
Building fund			64,429	(9,694)		54,735
Africa fund			1,162	94		1,256
Masumbuko fund				1		1
Needy Persons fund			1,071	(338)	2,073	2,806
FSFfund			875	38,169		39,044
Other fund			83	47		130
			80,356	50,801	2,073	133,230
Designated funds
Tithe fund			45,811	(40,948)	44,188	49,051
TOTAL FUNDS			~220 993	91200		312,193

			Incoming	Resources	Movement
			resources	expended	in funds
Unrestricted	funds
General fund			495,263	(413,916)	81,347
Restricted funds
Training fund			50,000	(27,478)	22,522
Building fund			16,250	(25,944)	(9,694)
Africa fund			1,675	(1,581)	94
Masumbuko	fund		505	(504)	I
Needy Persons		fund	1,700	(2,038)	(338)
FSFfund			60,357	(22,188)	38,169
CAP Hampers		fund	1,930	(1,930)
Other fund			5 591		47
			138,008	(87,207)	50,801
Designated	funds
Tithe fund				(40,948)	(40,948)
TOTAL FUNDS			633271	~542 071)	~91 200

		GRACE COMMUNITY CHURCH BEDFORD
		DETAILED STATEMENT OF FINANCIAL ACTIVITIES
		FOR THK YEAR KNDFD 31STMARCH 2022
			31/3/22	31/3/21
			f.
INCOME AND ENDOWMENTS
Donations and legacies
Ordinmy			112,973	125,067
Income fiom Gift Aid donations			478,743	385,079
Gilt aid			118,323	96,366
Other income			32 595	~26 759
			742 634	~633 271
Total incoming resources			742,634	633,271
EXPENDITURE
Charitable activities
Employee costs			400,679	355,270
Elders &deacons costs inc.		training	10,316	11,344
Members &visitors costs			6,850	3,403
Facilities &catering costs			41,463	14,827
Costs ofother outreach events			28,405	6,790
Publicity &communications			20,500	22,737
Donations &grants			86,694	109,883
Planning &Development	Costs		171018
			765,925	524,254
Support costs
Finance
Bank charges			182	39
Other
Equipment, insurance &	depreciation		5,917	7,177
Miscellaneous expenses			480
Professional fees &subscriptions			11356	~10601
			17753	~17778
Total resources expended			783 860	542 071
Net (expenditure)/income			~41 226)	91200