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|||Page|
|---|---|---|
|Trustees' annual report|||
|Independent|examiner's<br>report to the trustees||
|Statement of|financial activities||
|Statement of|financial position||
|Statement of|cash flows||
|Notes to the|financial statements|8-15|





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|The trustees|||||
|---|---|---|---|---|
|||J Brooks|||
|||A Wells|||
|||SJack|||
|||A Jack|(Resigned|31March 2021)|
|||G Robbins|(Appointed|4January 2021)|
|Independent|examiner|RDCoton|||
|||Lifford Hall|||
|||Lifford Lane|||
|||Kings Norton|||
|||Birmingham|||
|||B303JN|||





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|YEA|R E|NDE|D 31DECE|MBER 2021|||
|---|---|---|---|---|---|---|
|||||2021||2020|
||||Unrestricted|Restricted|||
||||funds|funds|Total funds|Total funds|
|||Note||||6|
|Income and endowments|||||||
|Donations<br>and legacies||4|178,658||178,658|202309|
|Other - donation ofassets from|||||||
|Welcome Hall Evangelical Church||5|142,449||142,449||
|Total income|||321,107||321,107|973,357|
|Expenditure|||||||
|Expenditure<br>on charitable activities||6,7|176,451|12,640|189,091|154,830|
|Total expenditure|||176,451|12,640|189,091|154,830|
|Net income and net movement|in||||||
|funds|||144,656|(12,640)|132,016|818,527|
|Reconciliation<br>offunds|||||||
|Total funds brought forward|||377,186|556,160|933~6|114,819|
|Total funds carried forward|||521,842|543420|1,065362|933346|





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|||||2020||
|---|---|---|---|---|---|
||Note|||||
|Fixed assets||||||
|Tangible fixed assets|13||1W3~||819,694|
|Current assets||||||
|Debtors|14|194||20,716||
|Cash atbank and in hand||80594||96,143||
|||||116,859||
|Creditors: amounts falling due||||||
|within one year|15|15+56||3,207||
|Net current assets|||||113,652|
|Total assets less current liabilities|||1,148,600||933,346|
|Creditors: amounts falling due||||||
|after more than one year|16|||||
||||1~~2|||
|Funds ofthe charity||||||
|Restricted funds<br>Unrestricted<br>funds|||543520<br>521~||556,160<br>377,186|
|Total charity funds|18||1~~2|||





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||||2021|2020|
|---|---|---|---|---|
|Cash flows from operating|activities||||
|Net income|||132,016|818,527|
|Adjustments<br>for:|||||
|Depreciation oftangible fixed assets|||31,168|17,546|
|Interest payable and similar|charges||2,146|(186)|
|Accrued expenses||||950|
|Donation ofassets into the|CIO on 15July|2020||(770,849)|
|Donation ofassets into the|CIO on 16March 2021||(271,235)||
|Changes in:|||||
|Trade and other debtors|||20,522|(17,002)|
|Trade and other creditors|||66|179|
|Cash generated<br>from operations|||(85,317)|49,165|
|Interest paid|||(2,146)|186|
|Net cash (used in)/from<br>operating<br>activities|||(87,463)|49,351|
|Cash flows from investing|activities||||
|Purchase oftangible assets|||(23,607)|(3,573)|
|Net cash used in investing|activities||(23,607)|(3373)|
|Cash flows from financing|activities||||
|Proceeds from borrowings|||95521||
|Net cash from financing<br>activities|||95521||
|Net (decrease)fincrease<br>in|cash and cash|equivalents|(15849)|45,778|
|Cash and cash equivalents|at beginning|ofyear|96,143|50365|
|Cash and cash equivalents|at end ofyear||80,594|96,143|





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|residual value, over the u|seful economic life of that ass|
|---|---|
|Freehold property|2% straight line|
|Motor vehicles|33%straight line|
|Equipment|10%reducing balance|



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|Donations<br>and Legacies|||||
|---|---|---|---|---|
||Unrestricted|Total Funds|Unrestricted|Total Funds|
||Funds|2021|Funds|2020|
||f|6||E|
|Donations|||||
|Donations|149,694|149,694|171,256|171,256|
|Gifts|||||
|Gifts Aid Claims|28,964||31,253|31,253|
||178,658|178,658|202,509|202,509|



|Other - Don|ation|of|Asse|ts|from Welcome Hall|Evangelical<br>Church|||
|---|---|---|---|---|---|---|---|---|
|||||||Unrestricted|Restricted|Total Funds|
|||||||Funds|Funds|2021|
|||||||E|E|6|
|Transferred|into|the|CIO|on|15July 2020||||
|Transferred|into|the|CIO|on|16March 2021|142,449||142,449|
|||||||142,449||142,449|
|||||||Unrestricted|Restricted|Total Funds|
|||||||Funds|Funds|2020|
|Transferred|into|the|CIO|on|15July 2020|209,888|560,960|770,848|
|Transferred|into|the|CIO|on|16March 2021||||
|||||||209,888|560,960||



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|Expenditure<br>on Charitable<br>Activities by F|und Type|||
|---|---|---|---|
||Unrestricted|Restricted|Total Funds|
||Funds|Funds|2021|
|Faith teaching (inc. depreciation)|93349|12,640|105,989|
|Holiday and outings|41||41|
|Support costs|83,061||83,061|
||176,451|12,640|189,091|
||Unrestricted|Restricted|Total Funds|
||Funds|Funds|2020|
||||E|
|Faith teaching (inc. depreciation)|79W3|4,800|84,643|
|Holiday and outings|405||405|
|Support costs|69,782||69,782|
||150,030||154,830|





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|Expenditure|on Charitable<br>Activi|ties by Activity|Type|||
|---|---|---|---|---|---|
|||Activities||||
|||undertaken|Support|Total funds|Total fund|
|||directly|costs|2021|2020|
||||6|||
|Faith teaching (inc. depreciation)||105,989|74,475|180,464|149,168|
|Holiday and|outings|41||41|405|
|Governance|costs||8,586|8386|5,257|
|||106,030|83,061|189,091|154,830|



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|Analysis of|Support C|osts||||
|---|---|---|---|---|---|
||||Analysis of|||
||||support|||
||||costs|Total 2021|Total 2020|
||||6||E|
|Staff costs|||72,113|72,113|64,279|
|Finance costs|||2,146|2,146|(186)|
|Governance|costs||8387|8387|5,257|
|Legal and professional||costs|216|216|432|
||||tt3,062|83,062|69,782|



|9.|Net Income||||||
|---|---|---|---|---|---|---|
||Net income|is stated after|charging/(crediting):||||
||||||2021|2020|
|||||||6|
||Depreciation|oftangible fixed assets|||31,168|17,546|
|10.|Independent|Examination|Fees||||
||||||2021|2020|
|||||||6|
||Fees payable|to the independent||examiner for;|||
||Independent|examination|ofthe|financial statements|2,900|2,900|





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|Tangible Fi|xed Assets|||||
|---|---|---|---|---|---|
|||Land and|Motor|||
|||buildings|vehicles|Equipment|Total|
|||6|6|E||
|Cost||||||
|At 1January|2021|855,442|29,075|81336|965,853|
|Additions||||23,607|23,607|
|Disposals|||(14,700)||(14,700)|
|Transferred|into the CIO on 16|||||
|March 2021||308,222|||308,222|
|At 31December 2021||1,163,664|14375|104,943|1,282,982|
|Depreciation||||||
|At 1January|2021|91,091|29,075|25,993|146,159|
|Charge for the year||23,273||7,895|31,168|
|Disposals|||(14,700)||(14,700)|
|Transferred|into the CIO on 16|||||
|March 2021||36,987|||36,987|
|At 31December 2021||151,351|14,375|33,888|199,614|
|Carrying amount||||||
|At 31December 2021||1,012,313||71,055|1,083368|
|At 31December 2020||764351||55,343|819,694|





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|14.|Debtors||||
|---|---|---|---|---|
||||2021|2020|
||Other debtors||194|20,716|
|15.|Creditors: amounts|falling due within one year|||
||||2021|2020|
|||||E|
||Bank loans and overdrafts||12,283||
||Accruals and deferred income||1,950|1,950|
||Social security and|other taxes|1,165|1,257|
||Other creditors||158||
||||15356|3,207|



|Credi|tors:|amou|nts<br>falling due after more tha|n one year||
|---|---|---|---|---|---|
|||||2021|2020|
|Bank|loans|and|overdrafts|83,238||



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|Unrestricted<br>funds|||||
|---|---|---|---|---|
||At|||At|
||1Jan 2021|Income|Expenditure|31Dec 2021|
||E||E|f.|
|General funds|377,186|321,107|(176,451)|521,842|
||At|||At|
||1Jan 2020|Income|Expenditure|31Dec 2020|
||E|E|E|E|
|General funds|114,819|412397|(150,030)|377,186|
|Restricted funds|||||
||At|||At|
||1Jan 2021|Income|Expenditure|31Dec 2021|
||||E||
|Restricted Funds|556,160||(12,640)|543320|
||At|||At|
||1Jan 2020|Income|Expenditure|31Dec 2020|
|||||E|
|Restricted Funds||560,960|(4,800)|556,160|



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|Analysis of Net Assets Between Funds||||
|---|---|---|---|
||Unrestricted|Restricted|Total Funds|
||Funds|Funds|2021|
|Tangible fixed assets|539,848|543,520|1,083,368|
|Current assets|80,788||80,788|
|Creditors less than 1year|(15,556)||(15,556)|
|Creditors greater than 1year|(83,238)||(83,238)|
|Net assets|521,842|543,520|1,065,362|
||Unrestricted|Restricted|Total Funds|
||Funds|Funds|2020|
||E|E||
|Tangible fixed assets|263334|556,160|819,694|
|Current assets|116,859||116,859|
|Creditors less than 1year|(3,207)||(3,207)|
|Creditors greater than 1year||||
|Net assets|377,186|556,160|933,346|





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|The carrying amount for e|ach category offinanc|ial instrument|is as follows:||
|---|---|---|---|---|
||||2021|2020|
|Financial assets measured|at fair value through|income and|expenditure||
|Financial assets measured|at fair value through|income and|||
|expenditure|||80594|96,143|



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|||At||At|
|---|---|---|---|---|
|||1Jan 2021|Cash flows|31Dec 2021|
|||6|E||
|Cash|at bank and in hand|96,143|(15,549)|80394|
|Debt|due within one year||(12,283)|(12,283)|
|Debt|due after one year||(83,238)|(83,238)|
|||96,143|(111,070)|(14,927)|



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