|||Page|| |---|---|---|---| |Reference and Administrative
Details|||| |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|