## |||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|