2022-03-31-accounts - Lowestoft Community Church

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

					Unrestricted	Restricted	Total	Total
				Notes	Funds	Funds	2021/22	2020/21
					2	2	2
income:
income from donations				Note 2	186,276	81,435	267,711	300,483
Income from charitable		activities		Note 3	1,220		1,220	91
Income from other	trading		activities	Note 4	2,189		2,189	1,543
Investment income					10		10	36
Other income					413		413	190
CJRS grant (furlough pay			recovered)		1,421		1,421	15,197
Total income					191,529	81,435	272,964	317,540
Expenditure:
Staffing costs				Note 5	108,104	13,640	121,744	149,836
Tithe to Relational	Mission				21,996		21,996	21,996
Expenditure on charitable			activities	Note 3	4,590	68,928	73,518	37,079
Other expenditure				Note 7	23,108		23,108	14,558
Professional fees					330		330	240
Depreciation				Note 3	13,808		13,808	14,298
Loss on disposal offixed			assets		24		24
Total expenditure					171,960	82,568	254,528	238,007
Net income/(expenditure)					19,569	(1,133)	18,436	79,533
Transfers between	Funds			Note 11	10,391	(10,391)
Net movement in	funds				29,960	(11,524)	18,436	79,533
Reconciliation offunds:
Fund balances brought			forward		197,128	677,731	874,859	795,326
Fund balances carried		forward		Note 11	227,088	666,207	893,295	874,859

		Balance S	heet as at 3	1 March 2022
				At 31 March	At 31 March
			Notes	2022	2021
				2	2
Fixed Assets
Tangible assets			Note 8	608,172	621,155
Current Assets
Debtors			Note 8	4,874	11,636
Cash at bank and	in hand			289,203	245,824
				294,077	257,460
Current Liabilities
Amounts falling due within one year			Note 10	(8,954)	(3,756)
Net current assets				285,123	253,704
Total Net Assets				893,295	874,859
The Funds of the	Charity:
Restricted funds:
New Building Fund			Note 11	9,626	9,626
Community Outreach		projects	Note 11	5,288	10,640
Newday			Note 11	2,242	2,242
Friendship Club			Note 11	485	485
Lowestoft Foodbank			Note 11	87,309	81,745
Backpack Blessing			Note 11		478
Hardship Fund			Note 11	156	350
Revaluation Reserve			Note 11	561,101	572,165
				666,207	677,731
Unrestricted funds			Note 11	227,088	197,128
				893,295	874,859

Staffing costs				Unrestricted Funds	Restricted Funds	2021/22	2020/21
				9	9	2
Gross salaries 8 wages				101,534	13,640	115,174	140,692
Social Security costs				2,657		2,657	5,051
Employer's pension	contributions			2,882		2,882	3,865
				107,073	13,640	120,713	149,608
Travel &subsistence				791		791	78
Staff training				240		240	150
				108,104	13,640	121,744	149,836
Number of employees							12
No employee received employee			benefits of more than 960,000		for the reporting	period.
Expenditure on charitable		activities		Unrestricted Funds	Restricted Funds	2021/22	2020/21
				2	9	2
Church meetings				3,298		3,298	1,286
Children, Youth &Schools work				971		971	5,729
Community work				183	68,735	68,918	29,091
Evangelism, Cell 8	Equipping			59		59	23
Church events				79		79
Hardship Fund					193	193	950
				4,590	68,928	73,518	37,079
Other expenditure				Unrestricted Funds	Restricted Funds	2021/22	2020/21
				2	9	9
Admin &Office costs				2,917		2,917	3,626
Light, heat, water &	waste disposal			8,471		8,471	4,043
Insurance				2,280		2,280	2,172
Advertising & publicity				69		69	178
Repairs &cleaning				6,989		6,989	2,954
Memberships 8 subscriptions				2,074		2,074	1,555
Miscellaneous				308		308	30
				23,108		23,108	14,558

Tangible Fixed Assets	Freehold	Freehold property	Fixtures, fittings & equipment	Total
Cost or valuation:
At 1 April 2021	40,000	648,200	67,031	755,231
Additions			849	849
Disposals			(2,374)	(2,374)
At 31 March 2022	40,000	648,200	65,506	753,706
Accumulated depreciation:
At 1 April 2021		71,784	62,292	134,076
Charge for the period		11,964	1,844	13,808
Disposals			(2,350)	(2,350)
At 31 March 2022		83,748	61,786	145,534
Net Book Value:
At 31 March 2022	40,000	564,452	3,720	608,172
At 31 March 2021	40,000	576,416	4,739	621,155