## ## |||Page| |---|---|---| |Trustees'
report||1-7| |Statement oftrustees'|responsibilities|| |Independent
auditor's|report|9-12| |Statement offinancial|activities|13| |Balance sheet||14| |Notes to the financial|statements|15-29| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Reference|and administrative|and administrative|details||||| |---|---|---|---|---|---|---|---| |Charity number||||1183216|||| |Governing|document|||CIO - Association||registered|1 May 2019| |Trustees||||Mr D Wood|||| |||||MrJW Wright|||| |||||Mr P BMarshall|||| |Key management||personnel||David Edwards|- Lead Pastor||| |||||Faye Edwards - Associate Lead Pastor and Jesus Cares|||| |||||Project Co-ordinator|||| |Principal office||||Kings Church Administrative|||Office| |||||71 Lower Dock|Street||| |||||Newport|||| |||||NP20 1EH|||| |Bankers||||Barclays Bank PLC|||| |||||14Commercial|Street||| |||||Newport|||| |||||NP20 1HE|||| |Auditors||||Azets Audit Services|||| |||||Ty Derw|||| |||||Lime Tree Court|||| |||||Cardiff Gate Business Park|||| |||||Cardiff|||| |||||CF23 8AB|||| |Solicitors||||Harding
Evans|||| |||||Queens Chambers|||| |||||2 North Street|||| |||||Newport|||| |||||NP20 1TE|||| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total| |---|---|---|---|---|---|---|---| |||funds|funds||funds|funds|| |~f|Notes|2021
9|2021
6|2021
6|2020
6|2020
8|2020f| |Donations
and legacies||217,755||217,755|1,079,095|250,034|1,329,129| |Charitable
activities||494|185,455|185,949|2,500|270,973|273,473| |Other trading
activities|||||4,922||4,922| |Investments||580||580|421||421| |Total income||218,829|185,455|404,284|1,086,938|521,007|1,607,945| |KmetttIIItttgJta;|||||||| |Charitable
activities||173,075|166,093|339,168|139,391|216,637|356,028| |Net incoming|||||||| |resources before|||||||| |transfers||45,754|19,362|65,116|947,547|304,370|1,251,917| |Gross transfers|||||||| |between
funds||30,000|(30,000)||30,000|(30,000)|| |Net income/(expenditure)|||||||| |for the year/|||||||| |Net movement
in funds||75,754|(10,638)|65,116|977,547|274,370|1,251,917| |Fund balances at 1|||||||| |January 2021||977,547|274,370|1,251,917|||| |Fund balances at 31|||||||| |December 2021||1,053,301|263,732|1,317,033|977,547|274,370|1,251,917| ## ## ## |||||Notes|2021
6|f|2020
6|| |---|---|---|---|---|---|---|---|---| |Fixed assets||||||||| |Tangible assets||||||1,015,328||1,040,059| |Current assets||||||||| |Debtors||||12|16,006||36,505|| |Cash at bank and||in|hend||543,020||452,704|| ||||||559,026||489,209|| |Creditors:|amounts||falling due within|||||| |one year||||14|(40,276)||(33,076)|| |Net current|assets|||||518,750||456,133| |Total assets less||current liabilities||||1,534,078||1,496,192| |Creditors:|amounts||falling due after|||||| |more than|one year|||15||(217,045)||(244,275)| |Net assets||||||1,317,033||1,251,917| |Income funds||||||||| |Restricted|funds|||17||263,732||274,370| |Unrestricted|funds|||||||| |Designated|funds|||18|952,581||807,820|| |General
unrestricted|||funds||100,720||169,727|| |||||||1,053,301||977,547| |||||||1,317,033||1,251,917| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||Unrestricted|Unrestricted|Restricted|Total| |---|---|---|---|---|---|---| ||||funds|funds|funds|| ||||2021|2020|2020|2020| ||||6||6|| |Donations|and gifts||217,755|1,079,095|250,034|1,329,129| |Donations|and gifts|||||| |Tithes and|oiferings||183,024|179,965||179,965| |Gift aid|||34,112|31,525||31,525| |Donations|||619|5,302||5,302| |Legacy||||15,000||15,000| |Transfer from unincorporated||charity to CIO||847,303|250,034|1,097,337| ||||217,755|1,079,095|250,034|1,329,129| ## ## ## ## ||||2021|2020| |---|---|---|---|---| ||||8|6| |Grants|||185,455|270,973| |Events|||494|2,244| |Other income||||256| ||||185,949|273,473| |Analysis|by fund|||| |Unrestricted||funds|494|2,500| |Restdcted funds|||185,455|270,973| ||||185,949|273,473| |Grants||||| |Coronavirus
Job Retention Scheme|||25,176|47,301| |Big Lottery Fund|||160,279|208,672| |Awards|For All Wales|||10,000| |Newport|City|Council||5,000| ||||185,455|270,973| ## |||Total|Unrestricted| |---|---|---|---| ||||funds| |||2021
6|2020f| |Bookshop income|||22| |Rental income|||4,900| |Other trading|activities||4,922| ## ## ## ||||Unrestricted|Unrestricted| |---|---|---|---|---| ||||funds|funds| ||||2021|2020| ||||f|| |Interest receivable|||580|421| |Charitable
activities||||| ||||2021
8|2020f| |Staffcosts|||120,749|122,212| |Depreciation|and impairment||33,460|32,117| |Jesus Cares|Project||57,555|90,339| |Mission donations|||5,400|5,100| |Event costs|||21,994|22,300| |Premises costs|||46,257|27,777| |Administration|costs||7,350|7,914| |Advertising||||112| ||||292,765|307,871| |Share ofsupport costs (see note 8)|||40,169|42,457| |Share ofgovernance||costs (see note 8)|6,234|5,700| ||||339,168|356,028| |Analysis
by|fund|||| |Unrestricted|funds||173,075|139,391| |Restricted funds|||166,093|216,637| ||||339,168|356,028| ## ## |||Support|Governance|2021|Support|Governance|2020| |---|---|---|---|---|---|---|---| |||costs|costs||costs|costs|| |||8|8||||| |Staff costs||30,187||30,187|30,553||30,553| |Bank &loan interest||9,246||9,246|10,628||10,628| |Bank charges||736||736|1,276||1,276| |Audit fees|||6,234|6,234||5,700|5,700| |||40,169|6,234|46,403|42,457|5,700|48,157| |Analysed|between||||||| |Charitable|activities|40,169|6,234|46,403|42,457|5,700|48,157| ## ## ||2021|2020| |---|---|---| ||Number|Number| |Employment
costs|2021|2020| ||6|6| |Wages and salaries|133,816|141,771| |Social security costs|11,644|8,003| |Other pension costs|5,476|2,991| ||150,936|152,765| ## ## ## ## |Tangible fixed assets|||||| |---|---|---|---|---|---| |||Freehold
land
and hulldinssf|Fixtures and Motor vehicles
fI%lossf
f||Total| |Cost orvaluation|||||| |At 1 January 2021||1,035,936|23,516|12,724|1,072,176| |Additions||7,200|1,529||8,729| |At 31 December 2021||1,043,136|25,045|12,724|1,080,905| |Depreciation
and impairment|||||| |At 1 January 2021||24,251|3,848|4,018|32,117| |Depreciation
charged|in the year|24,285|5,157|4,018|33,460| |At 31 December 2021||48,536|9,005|8,036|65,577| |Carrying
amount|||||| |At 31 December 2021||994,600|16,040|4,688|1,015,328| |At 31 December 2020||1,011,685|19,668|8,706|1,040,059| ## ## |12|Debtors|||| |---|---|---|---|---| ||Amounts
falling due within one year:||2021f|2020
6| ||Trade debtors|||225| ||Other debtors||9,845|30,275| ||Prepayments|and accrued income|6,161|6,005| ||||16,006|36,505| |13|Loans and overdrafts|||| ||||2021|2020| ||||6|6| ||Bank loans||242,851|268,635| ||Payable
within|one year|25,806|24,360| ||Payable after|one year|217,045|244,275| |14|Creditors: amounts|falling due within one year|||| |---|---|---|---|---|---| |||||2021|2020| ||||Notes|6|6| ||Bankloans||13|25,806|24,360| ||Trade creditors|||2,873|313| ||Accruals and deferred|income||11,597|8,403| |||||40,276|33,076| |15|Creditors: amounts|falling due aRer more than one year|||| |||||2021|2020| ||||Notes|6|6| ||Bank loans||13|217,045|244,275| ## ## ## ||||a0
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C00V| |I0Z|U.0|||||||||||||||| ## ## ## ||Balance at|Transfers|Balance at|Rescurces|Transfers|Balance at| |---|---|---|---|---|---|---| ||1January 2020|1|January 2021|expended||31December| |||6|f|||2021f| |Fixed asset fund||807,820|807,820|(23,968)|8,729|792,581| |Project fund|||||100,000|100,000| |Facilities fund|||||60,000|60,000| |||807,820|807,820|(23,968)|168,729|952,581| ## ## ## ##