| Page | |||
|---|---|---|---|
| Reference and Administrative Details |
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| Report ofthe Trustees | 2 | to | 5 |
| Independent Examiner's Report |
|||
| Statement ofFinancial Activities | |||
| Balance Sheet | |||
| Cash Flow Statement | |||
| Notes to the Cash Flow Statement | 10 | ||
| Notes to the Financial Statements | 11 | to | 17 |
| Detailed Statement ofFinancial Activities |
| 31/3/23 | 31/3/22 | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Designated | Total | Total | ||||
| fund | funds | fund | funds | funds | ||||
| Notes | 8 | |||||||
| INCOME FROM | ||||||||
| Donations and legacies |
3 | 587,800 | 97,085 | 684,885 | 742,634 | |||
| EXPENDITURE | ON | |||||||
| Charitable activities |
4 | |||||||
| Direct Charitable Expenditure |
520,693 | 142,839 | 41,546 | 705,078 | 783,860 | |||
| NET | ||||||||
| INCOME/(EXPENDITURE) | 67,107 | (45,754) | (41,546) | (20,193) | (41,226) | |||
| Transfers between | funds | 16 | ~55,891) | 9,000 | 46,891 | |||
| Net movement in |
funds | 11,216 | (36,754) | 5 345 | (20,193) | (41,226) | ||
| RECONCILIATION | OF | |||||||
| FUNDS | ||||||||
| Total funds brought | forward | 104,135 | 111,886 | 54,946 | 270,967 | 312,193 | ||
| TOTAL FUNDS CARRIED | ||||||||
| FORWARD | 115,351 | 75,132 | 60,291 | 250,774 | 270,967 |
| 31STM | ARCH 2023 | |||||
|---|---|---|---|---|---|---|
| 31/3/23 | 31/3/22 | |||||
| Unrestricted | Restricted | Designated | Total | Total | ||
| fund | funds | fund | funds | funds | ||
| Notes | f | |||||
| FIXEDASSETS | ||||||
| Tangible assets | 13 | 1,587 | 1,587 | 2,629 | ||
| CURRENT ASSETS | ||||||
| Debtors | 14 | 16,171 | (1,039) | 15,132 | 15,413 | |
| Cash at bank | 107,235 | 77,011 | 60,291 | 244,537 | 343,110 | |
| 123,406 | 75,972 | 60,291 | 259,669 | 358,523 | ||
| CREDITORS | ||||||
| Amounts falling due within one |
||||||
| year | 15 | (9,642) | (840) | (10,482) | (90,185) | |
| NET CURRENT ASSETS | 113,764 | 75,132 | 60,291 | 249,187 | 268,338 | |
| TOTAL ASSETSLESS | ||||||
| CURRENT LIABILITIES | 115,351 | 75,132 | 60,291 | 250,774 | 270,967 | |
| NKT ASSETS | 115,351 | 75,132 | 60,291 | 250,774 | 270,967 | |
| FUNDS | 16 | |||||
| Unrestricted funds |
115,351 | 104,135 | ||||
| Restricted funds | 75,132 | 111,886 | ||||
| Designated funds |
60,291 | 54,946 | ||||
| TOTAL FUNDS | 250,774 | 270,967 |
| GRA | CE | COMMUNITY CHURCH BE |
DFORD | |||
|---|---|---|---|---|---|---|
| CASH FLOW STATEMENT | ||||||
| FOR THE YEARENDED 31STMARCH 2023 | ||||||
| 31/3/23 | 31/3/22 | |||||
| Notes | ||||||
| Cash flows from operating | activities | |||||
| Cash generated irom operations |
1 | 56,924 | 93,242 | |||
| Net cash (used in)/provided | by operating | activities | ~56,924) | 93,242 | ||
| Cash flows from investing | activities | |||||
| Purchase oftangible fixed assets | (1,199) | |||||
| Investment income |
1,096 | |||||
| Net cash (used in)/provided | by investing | activities | ~103) | 78 | ||
| Cash flows from flnancing | activities | |||||
| Expenditure attributable to |
designated | fimd | ~41,546) | ~39,259) | ||
| Net cash used in financing | activities | ~41,546) | ~39,259) | |||
| Change in cash and cash equivalents | in | |||||
| the reporting period | (98,573) | 54,061 | ||||
| Cash and cash equivalents | at the | |||||
| beginning ofthe reporting |
period | 343,110 | 289049 | |||
| Cash and cash equivalents | at the end | of | ||||
| the reporting period |
244,537 | 343,110 |
| RECONCILIATION ACTIVITIES |
OF N | ET E | XPE | NDITURE TONET CASH FLOW | FROM OPERATIN | G | |
|---|---|---|---|---|---|---|---|
| 31/3/23 | 31/3/22 | ||||||
| Net expenditure for the reporting |
period (as per the Statement of | ||||||
| Financial Activities) | (20,193) | (41,226) | |||||
| Adjustments for: |
|||||||
| Depreciation charges |
2,241 | 2,293 | |||||
| Expenditure attributable |
to designated | fund | 41,546 | 39,259 | |||
| Interest receivable | (1,096) | (78) | |||||
| Decrease in debtors | 281 | 12,272 | |||||
| (Decrease)/increase in creditors |
~79,703) | 80,722 | |||||
| Net cash (used in)/provided | by operations | ~56,924) | 93,242 | ||||
| 2. | ANALYSIS OF CHANGES IN NET | FUNDS |
| At 1/4/22 | Cash flow | At 31/3/23 | |
|---|---|---|---|
| 8 | |||
| Net cash | |||
| Cash at bank | 343,110 | ~98,573 | 244,537 |
| 343,110 | ~98,573) | 244,537 | |
| Total | 343,110 | ~98,573) | ~244 537 |
| 31/3/23 | 31/3/22 | ||||
|---|---|---|---|---|---|
| Ordinary | 87,051 | 112,973 | |||
| Income trom Gift | Aid donations | 455,104 | 478,743 | ||
| Gift aid | 113,776 | 118,323 | |||
| Other income | ~28 954 | 32,595 | |||
| 684,885 | 742,634 | ||||
| CHARITABLE | ACTIVITIES COSTS | ||||
| Support | |||||
| Direct | costs (see | ||||
| Costs | note 5) | Totals | |||
| 8 | |||||
| Direct Charitable | Expenditure | 683,199 | 21,879 | 705,078 | |
| SUPPORT COSTS | |||||
| Finance | Other | Totals | |||
| Direct Charitable | Expenditure | 1,083 | 20,796 | 21,879 | |
| NET INCOME/(EXPENDITURE) | |||||
| Net income/(expenditure) | is stated after charging/(crediting): | ||||
| 31/3/23 | 31/3/22 | ||||
| 8 | |||||
| Depreciation - owned assets | 2,241 | 2,293 |
| STAFF CO | S | TS | |||||
|---|---|---|---|---|---|---|---|
| 31/3/23 | 31/3/22 | ||||||
| Wages and | salaries | 389,956 | 400,679 | ||||
| 389,956 | 400,679 | ||||||
| The average | monthly | number ofemployees | during the year was as follows: | ||||
| 31/3/23 | 31/3/22 | ||||||
| Trustees | 2 | 3 | |||||
| Other employees | 12 | 13 | |||||
| 14 | 16 | ||||||
| No employees | received emoluments | in excess of660,000. |
| 2023 | 2022 | |||
|---|---|---|---|---|
| Salaries | 331,753 | 341,745 | ||
| Employer's | Nadonal | Insurance | 24,833 | 22,731 |
| Employer's | Pension | Contributions | 33,370 | 36,203 |
| 389,956 | 400,679 |
| 2023 | 2022 | |||
|---|---|---|---|---|
| Travel costs | 1,305 | 2772 | ||
| Phone costs | 369 | |||
| Tralumg | costs | 6,446 | 4,671 | |
| General | costs | 4,140 | 1,012 | |
| Income | replacement | scheme | 324 | |
| Elder's | book allowance | 602 | 1,168 | |
| 12,493 | 10,316 |
| 2023 | 2022 | ||
|---|---|---|---|
| Subscriptions | 9,237 | 6,904 | |
| Accountancy | 3,091 | 2,598 | |
| Payroll fees | 1,167 | 1,198 | |
| Other professional | costs | 83 | 656 |
| 13,576 | 11 356 |
| TANGIBLE FIXEDASSETS | |
|---|---|
| Office | |
| equipment | |
| COST | |
| At 1stApril 2022 | 52,807 |
| Additions | 1,199 |
| At 31stMarch 2023 | ~54 006 |
| DEPRECIATION | |
| At 1stApril 2022 Charge for year |
50,178 ~2241 |
| At 31stMarch 2023 | ~52 419 |
| NET BOOK VALUE | |
| At 31stMarch 2023 | ~1587 |
| At 31stMarch 2022 | 2 629 |
| DEBTORS:AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
|---|---|---|
| 31/3/23 | 31/3/22 | |
| f. | ||
| Other debtors | 287 | |
| Loans outstanding | 930 | 930 |
| Income Tax Recoverable - Gift | ||
| Aid | 12,216 | 12,928 |
| Prepayments | 1,699 | 1,555 |
| 15,132 | 15,413 | |
| CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||
| 31/3/23 | 31/3/22 | |
| Other creditors | 298 | |
| Deferred Grants | 5,000 | 5,000 |
| Accrued expenses | 5,184 | 85,185 |
| 10,482 | 90,185 |
| MOVEMEN | T | IN FUNDS | ||||
|---|---|---|---|---|---|---|
| Net | Transfers | |||||
| movement | between | At | ||||
| At 1/4/22 | in funds | funds | 31/3/23 | |||
| f | ||||||
| Unrestricted | funds | |||||
| General fund | 104,135 | 67,107 | (55,891) | 115,351 | ||
| Restricted funds | ||||||
| Training fund |
47,514 | (10,869) | 36,645 | |||
| Building fund | 36,490 | (27,342) | 9,148 | |||
| Attica fund | 1,256 | (906) | 350 | |||
| Masumbuko | fund | 51 | (75) | (24) | ||
| Needy Persons | fund | 18,862 | 5,579 | (428) | 24,013 | |
| CAP Hampers Other Rnd |
fund | 7,713 | (1,428) ~10,713 |
1,428 8,000 |
~5000 | |
| 111,886 | (45,754) | 9,000 | 75,132 | |||
| Designated | funds | |||||
| Tithe fund | 54,946 | (41,546) | 46,891 | 60,291 | ||
| TOTALF'UNDS | 270,967 | 20,193 | 250,774 |
| Net movement | in funds, included in the above are as follows: | in funds, included in the above are as follows: | |||
|---|---|---|---|---|---|
| Incoming | Resources | Movement | |||
| resources | expended | in funds | |||
| Unrestricted | funds | ||||
| General fund | 587,800 | (520,693) | 67,107 | ||
| Restricted funds | |||||
| Training fund |
12,000 | (22,869) | (10,869) | ||
| Building fund | 52,006 | (79,348) | (27,342) | ||
| Africa fund | 1,250 | (2,156) | (906) | ||
| Masumbuko fund |
381 | (456) | (75) | ||
| Needy Persons fund | 15,175 | (9,596) | 5,579 | ||
| CAP Hampers | fund | 1,757 | (3,185) | (1,428) | |
| Other fund | 14,516 | ~25,229 | ~10,713 | ||
| 97,085 | (142,839) | (45,754) | |||
| Designated funds |
|||||
| Tithe fund | (41,546) | (41,546) | |||
| TOTAL FUNDS | 684,885 | (705,078) | 20,193 | ||
| Comparatives | for 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 fund |
35,258 | 12,256 | 47,514 | ||
| Building 5md Aiiica fund |
54,735 1,256 |
(18,245) | 36,490 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 Other fund |
fund | 130 | (1,000) ~10,817 |
1,000 18,400 |
7,713 |
| 133,230 | (24,344) | 3,000 | 111,886 | ||
| Designated funds Tithe fund |
49,051 | (39,259) | 45,154 | 54,946 | |
| TOTAL FUNDS | 312,193 | ~41,226) | ~270 967 |
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | upended | in funds | ||
| Unrestricted | funds | |||
| General fund | 514,189 | (491,812) | 22,377 | |
| Restricted funds | ||||
| Traltlulg 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 | 16,892 | ~27,709) | ~10,817 | |
| 228,445 | (252,789) | (24,344) | ||
| Designated funds |
||||
| Tithe fund | (39,259) | (39,259) | ||
| TOTAL FUNDS | 742,634 | 783,860 | ~41,226) |
| FOR THE YEARENDED 3 | 1STMARCH 2023 | ||
|---|---|---|---|
| 31/3/23 | 31/3/22 | ||
| INCOME | |||
| Donations and legacies |
|||
| Ordinary | 87,051 | 112,973 | |
| Income I'rom GiR Aid donations | 455,104 | 478,743 | |
| Gift aid | 113,776 | 118,323 | |
| Other income | 28,954 | 32,595 | |
| ~684 885 | ~742 634 | ||
| Total incoming resources | 684,885 | 742,634 | |
| EXPENDITURE | |||
| Charitable activities |
|||
| Employee costs Elders &deacons costs inc. training |
389,956 12,493 |
400,679 10,316 |
|
| Members &visitors costs | 10,635 | 6,850 | |
| Facilities &catering costs | 50,715 | 41,463 | |
| Costs ofother outreach | events | 37,520 | 28,405 |
| Publicity &communications | 21,781 | 20,500 | |
| Donations &grants | 80,776 | 86,694 | |
| Planning &Development | Costs | 79,323 | 171,018 |
| 683,199 | 765,925 | ||
| Support costs | |||
| Finance | |||
| Bank charges | 1,083 | 182 | |
| Other | |||
| Equipment, insurance |
&depreciation | 4,236 | 5,917 |
| Miscellaneous expenses |
2,982 | 480 | |
| Professional fees &subscriptions |
13,578 | 11,356 | |
| 20,796 | 17,753 | ||
| Total resources expended | 705,078 | 783,860 | |
| Net expenditure | ~20,193) | 41,226 |