2022-12-31-accounts

		Page
Trustees' report		1-6
Statement oftrustees'	responsibilities
Independent auditor's	report	6-10
Statement offinancial	activities
Balance sheet		12
Statement ofcash flows		13
Notes to the financial	statements	14-27

Charity number	Charity number		1183216
Governing	document		CIO - Association		registered	1 May 2019
Trustees			Mr DWood
			MrJW Wright
			Mr P BMarshall
Key management		personnel	David Edwards	- Lead Pastor
			Faye Edwards -Associate Lead Pastor and Jesus Cares
			Project Coordinator
Principal	office		Kings Church Administrative			Oflice
			71 Lower Dock	Street
			Newport
			NP20 1EH
Bankers			Barciays Bank PLC
			14Commercial	Street
			Newport
			NP20 1HE
Auditors			Azets Audit Services
			Ty Derw
			Lime Tree Court
			Cardiff Gate Business Park
			Cardpd
			CF23 8AB
Solicitors			Harding Evans
			Queens Chambers
			2 North Street
			Newport
			NP20 1TE

			Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
			funds	funds		funds	funds
		Notes	2022 6	2022 9	2022 6	2021 6	2021f	2021 6
Donations and	legacies		217,773		217,773	217,755		217,755
Charitable activities			6,348	341,184	347,532	494	185,455	185,949
Investments			493		493	580		580
Other income			17,533		17,533
Total income			242,147	341,184	583,331	218,829	185,455	404,284
EzagtttIIIttteSttV.
Charitable acdvities			196,395	162,945	359,340	173,075	166,093	339,168
Net incoming	resources
before transfers			45,752	178,239	223,991	45,754	19,362	65,116
Gross transfers		between
funds			31,750	(31,750)		30,000	(30,000)
Net income for		the year/
Net movement		in funds	77,502	146,489	223,991	75,754	(10,638)	65,116
Fund balances	at1 January
2022			1,053,301	263,732	1,317,033	977,547	274,370	1,251,917
Fund balances		at 31
December 2022			1,130,803	410,221	1,541,024	1,053,301	263,732	1,317,033

					Notes	2022 f		2021 f
Fixed assets
Tangible assets							999,710		1,015,328
Current assets
Debtors					12	15,022		16,006
Cash st bank and	in	hand				536,931		543,020
						551,953		559,026
Creditors: amounts		falling		due within
one year					13	(10,639)		(40,276)
Nei current assets							541,314		518,750
Total assets less	current		liabilities				1,541,024		1,534,078
Creditors: amounts		falling		due alter
more than one year									(217,045)
Net assets							1,541,024		1,317,033
Income funds
Restricted funds ~nattrit~na							410,221		263,732
Designated funds						1,029,035		952,581
General unrestricted		funds				101,768		100,720
							1,130,803		1,053,301
							1,541,024		1,317,033

				2022		2921
			Notes	6
Cash flows from operating	activities
Cash generated from operations			22		235,764		124,249
Investing activities
Purchase oftangible fixed assets				(19,595)		(8,729)
Proceeds on disposal oftangible		fixed assets		20,100
Investment income received				493		580
Net cash generated from/(used		In)
investing activities					998		(8,149)
Financing activities
Repayment ofbank loans				(242,851)		(25,784)
Net cash used in financing	activities				(242,851)		(25,784)
Net (decrease)/increase in	cash	and	cash
equivalents					(6,089)		90,316
Cash and cash equivalents	at beginning		ofyear		543,020		452,704
Cash and cash equivalents	at end ofyear				536,931		543,020

4	Charitable	activities
				2022	2021
					8
	Grants			341,184	185,455
	Events			6,348	494
				347,532	185,949
	Analysis by	fund
	Unrestricted	funds		6,348	494
	Restricted funds			341,184	185,455
				347,532	185,949
	Grants
	Coronavirus	Job Retention	Scheme		25,176
	Big Lottery	Fund		141,184	160,279
	Moondance			200,000
				341,184	185,455
5	Investments
				Unrestricted	Unrestricted
				funds	funds
				2022	2021
				8	6
	interest receivable			493	580
6	Other income
				Unrestricted	Total
				funds
				2022	2021
				6
	Net gain on	disposal oftangible fixed assets		17,533

								2022f	2021f
Staff costs								122,213	120,749
Depreciation	and impairment							32,645	33,460
Jesus Cares	Project							62,520	57,555
Mission donations								1,800	5,400
Event costs								23,313	21,994
Premises costs								62,408	46,257
Administration	costs							7,139	7,350
								312,038	292,765
Share ofsupport costs (see			note 8)					41,434	40,169
Share ofgovernance		costs	(see note	8)				5,868	6,234
								359,340	339,168
Analysis by	fund
Unrestricted	funds							196,395	173,075
Restricted funds								162,945	166,093
								359,340	339,168
Support costs
			Support		Governance	2022Support	costs	Governance	2021
			costs f		costs f	f	f	costsf
Staffcosts			30,553			30,553	30,187		30,187
Bank & loan	interest		10,317			10,317	9,246		9,246
Bank charges						564	736		736
Audit fees					5,868	5,868		6,234	6,234
			41,434		5,868	47,302	40,169	6,234	46,403
Analysed between
Charitable activities			41,434		5,868	47,302	40,169	6,234	46,403

	2022	2021
	Number	Number
Employment costs	2022	2021
		8
Wages and salariies	133,900	133,816
Social security costs	7,859	11,644
Other pension costs	11,007	5,476
	152,766	150,936

Tangible fitted assets
		Fraahold land	Fixtures and Motor vahlolaa		Total
		and buildings	atanga
		6	6	6
Cost orvaluation
At 1 January 2022		1,043,136	25,044	12,724	1,080,904
Additions				19,595	19,595
Diaposals				(12,724)	(12,724)
At 31 December 2022		1,043,136	25,044	19,595	1,087,775
Depreciation and impairment
At 1January 2022		48,535	9,005	8,036	65,577
Depreciation charged	in the year	24,395	4,905	3,345	32,645
Eliminated in respect ofdisposals				(10,157)	(10,157)
At 31 December 2022		72,931	13,910	1,224	88,065
Carrying amount
At 31 December 2022		970,205	11,134	18,371	999,710
At 31 December 2021		994,600	16,040	4,688	1,015,328

12	Debtors
						2022	2021
	Amounts	falling due		within one year:		6
	Other debtors					8,860	9,845
	Prepayments		and accrued income			6,162	6,161
						15,022	16,006
13	Creditors:	amounts		falling due within one year
					Notes	2022 6	2021f
	Bankloans				15		25,806
	Trade creditors					539	2,873
	Accruals and		defened	incoine		'l0,100	'l1,597
						10,639	40,276
14	Creditors:	amounts falling due after more than one year
						2022	2021
					Notes	6	6
	Bankloans				15		217,045
15	Loans and	overdrafts
						2022	2021
						0
	Bank loans						242,851
	Payable within		one year				25,806
	Payable after		one year				217,045
16	Retirement	benefit schemes

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	Balance at	Resources	Transfers	Balance at	Resources	Transfers	Balance at
	1January 2021	expended		1January 2022	expended		21 December
							2S22
						6	6
Fixed asset
fund	807,820	(23,968)	8,729	792,581	(23,546)		769,035
Project fund			100,000	100,000			100,000
Facilities fund			60,000	60,000		100,000	160,000
	807,820	(23,968)	168,729	952,581	(23,546)	100,000	1,029,035

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21	Donated g	oods for distribution	oods for distribution
	The charity	receives donated		food	and	goods	from	vadous	sources	all of	which	are distributed		to its
	beneficiaries	fora nil consideration.
22	Cash generated from operations											2022		2021
												6		6
	Surplus for the year										223,991			65,116
	Adjustments	for:
	Investment	income recognised in statement				offinancial		activities				(493)		(580)
	Gain on disposal oftangible		fixed assets								(17,533)
	Depreciation	and impairment	oftangible fixed assets									32,643		33,460
	Movements	in working capital:
	Decrease in	debtors										987		20,499
	(Decrease)/increase in creditors											(3,831)		5,754
	Cash generated from operations										235,764		124,249
23	Analysis ofchanges in net		funds
									At 1January		Cash flows		At 31December
										2022				2022
										8		5		8
	Cash at bank and in hand								543,020			(6,089)	536,931
	Loans falling	due within one	year						(25,806)			25,806
	Loans faging	due after more	than	one	year				(217,045)		217,045
									300,169		236,762		536,931