Charlty number: 1183430 MOSAIC CHURCH PARTNERSHIP (A Charitable Incorporated Organ58ation) UNAUDITED TRUSTEES, REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023
MOSAIC CHURCH PARTNERSHIP (A Charilablg In¢orpoAted Organlsatlon) Page Reference and Admlnistratlve Cletalls of the Charllth IncorpW Oryanisatlon. Its Trustees and Advls•rs Trust•es' R•port Independ•nt Examlnerfs Report Statement of Flnanclal Actlvltles Balan Sho¢t Notes to th• Fln•n¢ial Slatemonts 9-21
MOSAIC CHURCH PARTNERSHIP IA Charitsble Incorporalad Organlsation RÉFERENCE AND A()MINISTrAmVE DETAILS OF THE CHARITABLE INCORPORATED ORGANISATION. ITS TRUSTEES AND ADVISERS FOR THE YEAR ENOED 31 MARCH 2023 Trust•8s S Baynhwn. Char D Grant. Secretary V McDonad L Balfour Iresigne¢l 25 Juty 223) K Gill (appointed 2S JLty 20231 M Afchibong i¥iwnted 25 JY 2023) Charlty regl8tered numbor 1183430 Principal 11 Ffances Road Basingstoke Hampshi RG21 30B Indopendent Examlner Shaw Gibbs (Audltl Lynited Statut¢)ry AL*Jitors Wey Court West Union Road Famhem Surrey GUY 7PT Bankers The Co-operative Bank Pk P.0 Box 250 DeEf House Southway Skdmersdale WN86 Page 1
MOSAIC CHURCH PARTNERSHIP (A Charitable Incorporated Organi5atlon) TRUSTEES. REPORT FOR THE YEAR ENDED 31 MARCH 2023 Tmstees of Mosaic Church Partrwshy have tr of KKe8entng their annual rewt for th8 year ended 31st March 2023 Mosaic Church Pwlnership is constrtuted as a ChaTitth lwaled 0Janatts using tho 'FcwrbJalKJn" mcdel dated 28th January 2019 is a regstered charity r. 1183430. Name Changed from Gateway Lile Trust and amerKlèJ constiiuityjn on 30th Septerthr 2023. The were no changes of Trustees durww the finwKial r. In seleclrKJ inthviduals for appointment a5 TrLkslees, the current Trustees must have regard to the $kilL8. kncNA&Je experience needed for I effective administralh)n of the eharity. ando Mosaic Church Ba$ingst¢&e continues to fu110n. To adVar the Christian religi for the benefft of ihe PL in ac¢ttdance the beliets sel out in the Christian ScrytuS and lo prcthwn arKI fUrtr the Gospel of Gc4J and His Son the Lord Jesus Christ and to preach and leach the Christian faith. For the pRvention Of relief of povety in Basir¥Jstoke and in Sh other parts of the Lknrted Kingdom and the world as the Trustees may from tim to t1 think frt by FwvidiThJ: grants, items and semces to individuals in need an(Vor ¢harilies. or other ganIsatI$ thirvJ io Fyevenl or rdieve povety. To aJvCe the education ol the PU1¢ in the subiecl of Chiistian laith. To fLher such other ¢harrtabb wrposes as the TrL&Stees from t¥n8 to tina in Ih8ir absolute discretion detemiine. The Trustees have rwed the Charity CcYnmissim'$ g8rwal guKlance on public benefit when making and reviewing the Trust's aims and obJecti4s and plannww future &tivitses. Actlvltles Churth famty meetirys on Surthy Life group meetings mid4veek Mid-week meeting for Young People Alpha CeISeS 'Home for Good. Adopting and Fostefir¥J Pastoral care of menJers faMleS CAP Debt Centre Church Planting Commission events P•Je 2
MOSAIC CHURCH PARTNERSHIP IA Charitable Incorporated lknni5ation) TRUSTEES. REPORT {CONTINUED FOR THE YEAR ENDED 31 MARCH 2023 Achlevemen Sunday meetings take place on the Queen Ma5 Campus aThJ eonlinue to be avalable online also. The ChLKch has also conts.nd to run life 9rws bcrth in petson and online. AlongsKle this ¥e other events irKludw'. Men'5 arKf Women's breakfasts. conference5, craft events and football. Regular weekly meeliThJs for the yourwj hwn8d the yaar aThJ a number wgnt lo the Newday Chfistian festival at the Nrtlk Cwnty StrwrouTrJ in Augusl. The Alpha course ran in May and June at StwbLth Festival Place Shopping ntre. The Aph8 ourse is for those explomg the Chrislian faith. Other notable events during the ar IlUded. a 'Stir up SuThJaY (Chiistmas pudding making), Car Concert, Fun day ¥KI Summer PUTh. A Wellbeing team of befiienders has be establis gr¥ES additional care support across the hurch famity The CAP debl Sefvices centre has contxiued to njn durry year and has helped a growirKJ nnber of clents. Alongside this. the relef fuThJ has been uiili%ed to he an ew4ncreasing number of fanilies in need of financial support. The Trinity lrfe church pknt continues to thrive gr in Sindon with regular Sunday meetings. The Church is part of the Commission sph¥e of¢hLw¢hes and regLtsrly les part in eveni$ and activities. A number of the staff and der le&lership contribute towards the training and supporting of other Commission churches and iniiialis. irKludirwJ Church Planting, Evar¥Jelism. Prcphecy and Adminislralion. Inancial Rev The total unrestricled inccrfne for the year was £283.464 and the charity has expended £269.920 in relation lo Ihese actNrties. This includes further (kn1#)ns receNed from The GatpAay Church Trnsl Coop Bank account aftaf the 11th ju 2020 as an agent of Galeway Life Twsl CIO. The total unreslricled reserves were £160.993 at the sear end. The reserves policy is currently calculated as three months of committed expenditure, the mwity of is staff wages. The current thls of reserves far exceed the amount requir&J. These additpJn reserves are expected to be used in the next financial year lo enable the renovation of the ne4V buibjing. The total loan balance for the refurbishment of thè buikkng lotalh"rYJ was £100.Cth at thè 31st March 2023. Trinity Lile Church plant has a restithd fund of £31,522. The Relief Fund which 1$ uwl to a$sBlance those finarK>al need has a fvnd balwce al thg fanCIal year ènd of £16,683. The CAP grant for efflptye costs was fully Lthlwd thjring swr the baknce of £2,771 in the 'M68' fvnd was al$0 used for this PLKPQSe. Grft days wwe laken for a Gromh Fun(i to strengttr the minislries of the Chu in March and Aprl. A further £11.620 was received in April 2022. £39.990 vras transferr1 tow¥ds Ihe expenses on the buthding refurbishment projeLI leaving in Ihe fund balance £nil. The main sourcè of funds for the Trust is its. church members giwng arthj the gift aid reclaimed. large proportion of which is by regulw bank transfer. During th8 y8ar the Trustees autriSed the nom*1 pasfjnenl of expenses and expenditure.
MOSAIC CHURCH PARTNERSHIP (A Chavitable Incorporat¢d Oryanisalionl TRUSTEES. REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2023 The Iruslees have Klenirf*Y the eurrent excess res9Th hekl and the establishod rel fuTrJ to help those who may experienc8financial hthship during the ccfftng mmths and a continuing to review the net inccrfneAoss of Ihe charity d05ely each mLMlh and respond to any advetse Chge5 XCOfdirvJty. The planned refulshrnent of a fomier office buibjing is continuing. Rlsk Ma The tfus¢ees regulY meet and ccfflducl revws of the Tnrnt's ¢walThs lo Klentify areas of risk arKI inilbate planNng lo mitigale these risks. Trustees receive review montNy managent rep)rts on the fmancial perfonnance of th8 charity ak)ng with an annual budget. assess the affordability of any new In[tlveS on their merits as they cccur. Al of the actNitS of the charity are conlinury the xcounts have been produced on a gc4ng concem basis. Approved by order ol the fntynbers of the bwd of Trustees and on their behaw ty. S Baynham (Chair (rf Ttuslees) 29January2024
MOSAIC CHURCH PARTNERSHIP IA Charitable Incorporated OryanisatKbnl INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2023 Independant Examinerfs Report to the Tvustees of Mosaic Church Partnetship Charflable Incorporated Oryanlsatlon.) We report to ts charity Tnlslees cwr examinatv)n of the COUnt6 of the Charitable IncrpOrated Organis81ion for the year ended 31 March 2023. Responsibilitles and 8asls of Report As the Trust88s of the Charitable IncorFaled Organisat)n sty)u a responsible for the preparattn of the acecnIS in accordance with the requirements of the Charities A¢t 2011 nhe 2011 Ad). We report in wpe¢t of our examination of the Chari&Jle Inwporated Organisali¢M'$ ¥¢ount$ ¢arried out under section 145 of the 2011 Act and in carrrj out our eXinal)n we have followe(I Ihe applicable Directions gwen by the Charity Commission tsnder sectM)n 145(51(b) of the 2011 Act. Independènt Exam18 SLement Since Ihe Charitable Inccffwraled Organisation's gross 1Trcc exceeded 50.1)00 your examiner must be a member of a body listed in sectw 145 of the 2011 Act. We confimi that we are qualffied to undertake the examinat¢on because we are a member ofACCA, whth is one ofthe listed bcrfjiès. Ycwr attention 1$ dra% to the fad that the Chartle IrKIyForaled Organi5at)n has ppad the arxounls in accordance with Accounting and Repo"ng by Charilw". Staement of R8MMer1dj Practic8 applicab18 to charilies preparg their accwnts in 1[da with the Financial Reporti Slandard applicable in the UK and Republic of Ireland IFRS 1021 in preferCe to the Accountw arKI Reporting by Charities: Statement of Recommende(1 Pte issued 1 Aprl 2(?5 whth is referRd to in the extant regulali¢J18 has been wrthdrawn. We understand that this has teen dcffi8 in ordgr for the accounts to provth a In aMI lair view in accordance with the Generally Accepted Accounting PractKe effecti for rwtwig periods beginning on or after 1 January 201S. We have complet&J wr examinatDn. We confimi that no matters ha cm to wr attention in conn0ctic with the examination gNing us cause lo believe thal in any matla1 respecl.. aCcnI11g records were not kept in iespecl of the Charilable Organtsation as required by section 130 of the 2011 Act: or the accounts do ncl COrd wlh those rords.. or aCcots do nol compty wr<h the applKalJle requirements corKeming the fomi aTrJ conlenl of accounts sel out in Ihe Charities (Accounts ar Repts) Regulations 28 other than any reqU1ment that the &counts gNe a Irue arKI frdirf is rK* a maiter Consered as p&t of an independent examination. Page 5
MOSAIC CHURCH PARTNERSHIP (A Charltalyle Incorporaled Oryanisation) INDEPENDENT EXAMINER'S REPORT ICONTINUEDI FOR THE YEAR ENDED 31 MARCH 2023 We have Th) concerns arKI have c(rfT across no matters in Cne(l) wrth ts exanination lo which attenlKJn strKJuhJ be drawn in this report in (der to enth a propw ffidetstanding ofthe accounts to be reached. Signe(l.' Mark Dickinson FCA Shaw Glbbs (Audlll Limit¢d Statutory Altl¥s Wey Court West Union Road Famham Surrey GU9 7PT PwJe 6
MOSAIC CHURCH PARTNERSHIP IA Charttable Organisationl STATEMENT OF FINAMCIAL ACTMTIES FOR THE YEAR ENOED 31 IJARCH 2023 Total lunds 2023 Total funds 2022 fufftds lund$ 2023 Note Income from." Oonations and legxs 48,156 331,620 307,252 Total Incorne 48.156 331.620 307,252 Expenditure on: Chantable aclivrtEs 269,920 310.493 263,946 Totsl expendllu 40.573 269.920 310.493 263.946 Net Income Transfers belween fund5 13.544 21.127 43.306 12 Net movom•nt in funds 12.252 875 21.127 43,306 Reconclllatlon of funds: Total funds brought fopward Nel rrwJveTnenl in funds 222.176 12252 152.118 8075 374.294 21.127 330.988 43.306 T(rtal funds urf1 forwanl 160,993 395,421 374,294 The statnent of Firwicial Actiwbes Indje$ al gans and k)sses recojnised in year. The notes on pages 9 to 21 fom part ofthese financial sLqieffnts. P•3e 7
)SAIC CHURCH PARTNERSTrIP (A Charllablg Iorporated Oryanisatlon) BALANCE SHeeT AS AT 31 MARCH 2023 2023 2022 Flxed as8ets TgIble assets 273.197 251.731 273,197 251,731 Current ass•ts Debtors Cash ai bk and in hd 64.707 184A62 91.897 241,383 239,169 333.280 Credit(Ys'. amounts llirwJ due within crf year 10 116.9451 (10, 717) ¢uNent assets 221224 322,563 Tolal ass•ts less cUrrt Ilabilitles 495.421 574,294 Creditors.. amounts falling due after nb)re than one year 11 1100.000 (200,OL} Net asmts excludlng pènsion asset 39S,421 374.294 Total net assets 395,421 374,294 Charlty funds Restricted fijnds n$trI¢ted funds 12 234,428 160,993 222. 176 152, 118 12 Total funds 395,421 374,294 The financial $tatem8rs were approved wd aUthSj for e by Ihe Truslees and signed on their behalf by.. S 8aynham Ichair of Trustees) Date.. 29January2024 The notes on pages 9 10 21 fcffm part of these financial stfferrts. P*3è 8
MOSAIC CHURCH PARTNERSHIP (A Charitable In¢orporat•d Oryanisatlonl NOTES TO THE FINANCIAL STATEMEMTS FOR THE YEAR ENDED 31 MARCH 2023 General information Mosai¢ Church Partnershp {premtsty Gatew Lile Trnsl} is a Charitab IncoOrated organisalion Icharty numb8r.' 1183430). Accounting policies 2.1 Bas1¥ of prfjp•ratlon of Ilnanclal statom The financial staleff£nls have been prepared li aCcOrdae wih Chaiilies SORP (FRS 1021- Aecounling and Reporting by Charies'. Statement of Recommended pract applicable to charities Pl8paring thair accounts in acCdarKe wilh the Financial Rep)rting Standard applicJl& in the UK and Repthlic of Ireland IFRS 102} (effective 1 January 2019}. the Financial Reporting Standard applicth in the UK arKI RepthlK d Ireland IFRS 102) and the Charilies Ad 2011. The fmancial stalements have been prepared to a Irue and fairf Vi84¥ and have d8parte(I Irom the Charities (Accounts ReKM)rtsl Regulations 2008 onty to th8 extent required to provide a In and fairf v. This departure has wwolved foncming the Charikn'es SORP IFRS 1021 published in O¢tober 2019 rather than the Accourbling arbj Reporting by Charities". Slalement d Recomfftnded Practice effective from 1 Wil 2005 whh has since been vitlhdrawn. kfy)saic Church Partnershw meets the definrtion of a wblic benefft enlity urder FRS 102. Assets and liabilit$ are Initial recognised at historical cost or transaeti¢)n value unless othe¢Se slated in the relnt aeeounting poly. 2.2 Income i1Ce 1$ rwntsed Char& lrKThpated Organisation has entitlement to the inccthe, it is pr¢)bable Ihal the wil bg received and amount of InCe receiyablg can bo measur1 relia)ty. Donations. Lega¢ies and Sinlar Resources.. li) Collections and D¢atrOn$ are inclLhJed in the financial statements whon r8ceNed by or on beha of the church. (li) PL8nned giving uThJer coVwnt i8 irtluded in the ffinancial statwwnts onty when rttved by the ¢hui¢h. (iiil Inc(e tax recoveraNe on covenante(l and grft 8KI th)natK)ns are xcru•J to March exh year and cland every four nnths. livl Legacy incom is accounted for when feceNable. (v) Grant income is accounted for when reeervle. Inc(xw from investments, m)dJ1n9 interest rKeived. is accounted forwhen due. Grants are induded in the Statement of Finra1 Activities on a receiva)le basis. The balance of income received f¢y Spe¢[r purposes but not expended during the perK¥J is sh¢Mn in the revant funds on the Balance Sheet. Where income feceNed Hl advanca of entbllement of recwpt. its recognition is deferied arxl tiluded in creditors as deferd income. Where entitlement (curS before irKome is reCVed. the 1CThe is accwed. Pw9
MOSAIC CHURCH PARTNERSHIP IA Chaibtable Incowated Organlsatlon) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Accounllng pollcies {¢ontknued) 2.3 Expendlture Eypenditu is recognise(I c4Ke there is a al or c4Jnstructive obligatiDn lo transfer economic benefit to a I"rd party. rt is probable that a trwsfer of e¢orKJmt benefrts will be required in settsemenl and the wnount of the ¢)blwatiM ean be measured lb. EndItUre is clasSrfd by aclivrty. The costs of each acliwty maje up of the t(rta of direct costs and shared costs, includ9 support costs involved in undertaking exh xtmty. th.wt costs attn"butable to a single aclNity are allced directly to that actNity. Shered costs whith ¢tribUte to more than C aclmty and support costs which are not attributable to a single actNrty are aPrted between those actmties on a basis consistent wrth the use of resrCeS. C8nlral staff costs are allted on the basts of tin spenl, depreciation chges allocated Ihe ofthe assevs use. Expenditure on chtable &tiwt¢es is IrTed on dyectty undertaking the aCtivitS whKh further the Ch¥itatAe Incwated Organisatson's ctiecti4w. as wem as Y asscoated Support ¢osls. All expendilure is IluSive of iThecoverth VAT. 14 Tangiblé fixed assets and dew•clatlon TangitAe red a5sds coslry £NIL or more we Capitaled aThJ recogntsed when fLrtu ee<)nCle beneffts are prc4)able and tl ¢osl valL of the asset can be measured reliabty. Tangible fixed assets are iniimlty recognEed at cost. After re¢C#jnrt. under the cost model, lan9ible re assets are measured at cost xcunYJlated deprlatIC and any accumulated impaimienl b)sses. Ail costs incuwed to bring a tangible fixed asset into Is intended w01ng condilKJn should be InCded in the measurwrent ofcosL Depfeeiation is charged so as to alh)c the cost of tangibbe fixgj assets kns their residual value over thw estimated useful liAs. rj the stratyt4ine nthoJ. Deweci8lA)n is provided on the basi$.' Ih)tor vehides Fixluf8S and fftts'ngs cter equ¥inEnt 25% 25% 25% 15 Debtovs ¢)th¥ debt¢ ¥e at the Settlement amounl after any trade discount offered. Prepaymenls valued at aThb)uTrt prepaid rt of any trade discounts due. 2.6 Cash at Iwik and In hand Cash at bank and in hand indLKles cash and short4wm hJhty li]uJ investments with a Short matunty of three mcrfrths or less frcffi the d of wui8ilth wing ofthe depogt or Similar account. Page 10
MOSAIC CHURCH PARTNERSHIP (A Charit•bl• Inc<wporntod Organisation) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Accounting policies {contlnued) 2.7 Liabllltles and provlslons Liabilities are recognised wh8n there 15 an oblhJaAin at th8 Balance Sheet date a5 a result of a past evenl. it is probable that a transfer (rf ec(MKffiiC benefft Vill be require(l in settkmenl. and the amount ol the settlement Can te estInat relAbly. Liabilit¢es are recognised at that the Charitl8 OnJanisation anticipates rt will pay to settle the debt or the arujnt il has received as aJvwced payynenls for the goods or services it must PTov•Je. Provisions are measured at the best esl#nale ot the amounts required lo Settte the obligation. Where the effect of the time value of is maleiial. the pr510 4$ based on the presenl value of those amounts, diswunted at the pre-fox thscwnl rate that refiects the risks SffiC lo the liabilty. The unwnding of Ihe discwnl rec03n8(1 in th8 Stwnent Financial Actmties as a fmance cost. 2.8 Flmnclal Instnrnts The Charitable Incorpated Organisation has fin18[ asseis and financial liabilrties of a kind that gualrfy as bas finala1 instruments. BasK financial instnjments are inrtially Cognised al transaction value aKI SUbse¢Juent measured at they Sement value wrth exception of bank loans whtch are sl)Seq• measured at crt usirg the effective interest method. 2.9 Pensions The Charitable lncCwJ Oryantsawjn qjaates a defrtd conlrbution pension scheme and the pension charge tepresents the pay& by the Chariwle I1rporated orgarm3atn lo the fund in respect of the year. 2.10 Fund accounting General funds are unrestricled fvnds ara available for us& at the discreticffl of the Trustee5 in furtherance of the genwd cbieclives of the Charitable Incory)oraled Oigani%ation and which have not been designat&J lor other pufposes. Restricted funds are luThds whrh are to be Lwj in *c¢ydance 1th Specific restrictn$ Thposed by do1)rS or have been raised by the Charitable IncorKM)faled Organisation for particular purp05e5. The costs of rai5irwJ and aJmini51erirwJ such funds we char9ed against the specific fund. The aim and use of exh restii¢tgJ fvnd is set ¢JJt li the re$ to the financial statements. Page 11
MOSAIC CHURCH PARTNERSHIP IA Charitabh Incofjboftted IganIsatIon NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Income from donations and legacles Totsl fvfftd$ 2023 Tol fiinds 2022 funds 2023 funds 2023 Donatlons Regular drThlion$ Gift Aid Collections a)d olher donations Grants 23.894 207,772 50,316 25,376 231.666 $6,236 35.$28 8,190 226,662 36.027 19,663 24,9LiI 10.152 8.19CI Tolal 2023 48.156 283.464 331.620 307.252 Tolal 2022 78,037 229,215 307.252 Anatysls of expenditur• by activld und•rtakon dlrècdy 2023 Support Totsl funds 2023 Total 2023 2022 Charitable axivths 220,975 89,518 310,493 263.946 Total 2022 167.992 95.954 263,946 P*Je 12
MOSAIC CHURCH PARTNERSHIP Charitable Incorporat•d Organisation) NOTES TO THE NNANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Analysh of expenditure by actlvltl•s Icontlnu•d) Analysls of direct costs Total funds 2023 Total fvnds 2022 A¢tiviti 2023 Staff costs Childien & Church Life Evangelism & miss*)n & poor Speakers g 186.7n 2.918 186,T13 2.918 6.962 18,640 210 6.472 154, 723 1,776 3,471 6.948 250 1.424 18.640 210 5,472 220,975 220.975 167,992 TO 2022 167,992 167.992 Page 13
MOSAIC CHURCH PARTNERSHIP (A Charil•ble Incorporated OrganItion) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Anatysls of •xp•nditure ty actlvltkn (contlnugdl Anatyslg of support c(S Total fund$ 2023 Total funds 2022 A¢tivi¢18s 2023 Staff costs Evangelism & mission & poor Webiste & churth software Bank fees Depreciion Health & Sty Printuig, Postage and Station IT Software and Consumables Rent Travel costs 360 307 8.889 360 307 8,889 3.625 502 2,725 3.994 34.349 2.347 939 179 551 1725 4, 765 27.627 1,217 3,171 40 34.349 2.347 939 ln 551 %)spitality Subscriptions Telephone & Inlemet Marketing & Advertising Non-staff Development Insurance costs Staff Trainivj Office Fixbjres aThJ Fitlings Refurbishment costs Govemance costs Loan intwest 270 5,436 1. 128 2.295 6,058 669 2.699 4.365 95 2.374 11.037 10,323 669 2,699 4.365 95 2,374 11,037 10,323 7,267 29.902 89.518 89.518 95,954 Total 2tr22 9&951 95.954 Page 14
IK)SAIC CHURCH PARTNERSHIP IA Charitable Incorporat8d Organisation) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Indep¢ndem ex•minerf$ rernunwal)n 2023 2022 Fees payaile to the Charitable Incryr (hganlsatK'S independent eXIne1 for the irKlependenl examinakn crf the Chanlable IrwpoTabJ Organ15atsorb'S annual nIS 2.1(Xl Staff c05tS 2023 2022 Wages and salaries Social security costs Pension costs 169.871 10,467 6,795 141,054 8,405 5.532 187.133 154,991 The average nnb of persons empw by the chan&Ie In¢cyrabJ Organisation during the year was as follows.. 2023 No. 2022 No. Staff No employee receNed rttnUneratl wounling to n) than W.OCK> in eith year. Trustoes. remuneration and •xp9 DurnJ the year, no Trustees receTrd Y remuneratb)n orolher benefits (2022. £NIL). Dur*YJ the year ended 31 Mwch 2023. expseS have b88n Iu[Ted12022- £NILI. Page 15
IAOSAIC CHURCH PARTNERSHIP IA Charitable Incorporated Organlsallon} 140TES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 Tanglble flxod assets Long4erni l¢asehold property Motor Flxtyres and Comput•r vehicl flttlngs oqulpm8nt Total Cost or ¥aluatlon At 1 April 2022 Additions 247.OCrfI 22.97T 11.244 259,008 23,926 Ai 31 March 2023 269,977 12.193 283,014 Deprttlatlon At 1 April 2022 Charge for the )ear 275 6,576 2.397 7.367 2.460 At 31 Marth 2023 8.973 9.817 Net book value At 31 Marth 2023 269,9TI 3.220 273,197 At3t Marth2022 247.(XKI 4,668 251, 731 The leasehold prr4)erty is [renty urnkr gciThJ sn[[)t Wotks is n¢X in use. No depr8ciatKJn [gfr wll te Includ untd Ihe pfcyrty ts capable of beiry n us8. Debtorn 2023 2022 Due wlthln yur Trade debtors Olher debtors 51,132 43,397 3.676 54.707 91,897 After the transfer of admties from Gateway Chw¢h Bas*igstoke IGCB), GCB ha$ been acting as agent for Mosaic Church Partnership. As at the year end GCB owed £Nil to Mosaic Church Partnership12022 - £48.0501. P4e 16
MOSAIC CHURCH PARTNERSHIP {A Charitable Incorpor4t8d Otganisationl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 10. Crodltors: Amounts falling due within one ygar 2023 2022 Tre creditors Other taxatw and 5Unty other creditors Accwals and deferred ir 6,852 3,829 2,315 3, 760 4784 3,112 16,945 10.717 11. Creditorn: Amounts falllng du? after more than one year 2023 2022 Other klans 100,OIXI 2LiI,000 Included within the a>)ve are amounts fdling due as fd10. 2023 2022 Between one and two ywrs Other loans Ico,oc Over fNe yea Other loans 100.000 I,000 The loan has been prowd&J lo th8 ch* by a memter of th8 Church. £100.CtsJO has b88n loan8d interest free and is repayable by 30 April 2028. A further £100.C4J) was ed during the prior year al a variable InteSt rate of 4.49% plus base rate arKI was repawj With the year. P•3e 17
IAOSAIC CHURCH PARTNERSHIP IA Charitabl• Incorporated Organlsatlon) NOTES TO ThE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 12. Statem•nt ol funds Stat•ment of funds- curr•nt year Balanc• at 31 klarch 2023 Balance at 1 Ap 2022 Transfe Inhut Income Expermliturn Unrestrkted funds General Funds 152.118 283A64 1269,920) 14.669) 160.993 RMtrlcted funds Hope Church Building Fund Cinnamon CAP Fund Trirwty Lrfe Relief Fund M68 & 22 Fund Growlh FuTrJ Speufied Gv4ing 160 (1.2661 {116951 {14.9401 (7,0971 13,743} 1467 1,106 39,990 6,334 151928 186,223 24.428 13.222 14,191 31.522 16.683 12.7711 139.9901 28,370 11,620 375 1375) 221176 48.156 140.6731 4,669 234,428 Total of funds 374.294 331.620 1310.493) 395,421 Page 18
MOSAIC CHURCH PARTNERSHIP (A Charitable Incorporated Organlsatlonl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 12. Statement of fund5 Icontlnued StatneI of fund5- prlor year 8alanGe al 31 March 2022 TTrnsf8rs IA42021 Unrestrlcted funds General Funds 14Z945 229,215 (217. 120) (2.922) 152, 118 Restrictsd funds Hrye Church Building Fund Cinnamon CAP Fund Tnnity Life Relief Fund M68 & 22 Furbj Grh Fund 3.123 12.LXXI (6.045) (24,276) (7,451) (6.506) (2.548) 2,922 165.204 675 152,928 176 25.928 2.016 24,428 13,222 3,228 28,370 11754 (176) 2&370 188.043 78.03T (46.826) 2,922 222176 Totsl of funds 330.988 307.252 (263.946) 374.294 Pag• 19
MOSAIC CHURCH PARTNERSHIP (A Charitablo Inctsrpora Organlsatlonl NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 13. Summary of funds SnMary of funds- currgnt year 8alance al Tranth 31 March Inlout 2023 Aprfl 2022 In¢omo Expondtture General funds Restrided funds 152.118 222,176 1269,9201 140.S73) (4.6691 4,669 160.993 234,428 4B.156 374.294 331,620 1310N93) 395,421 Summary of funds- prlor year Balance at Tpnsf&ts 31 March 2022 l AwI2021 Income Expendftur8 General ftjnds Restricted funds 142.945 188.043 729,215 78,037 (217. 120) (46,826J {2,922) 2,922 152, 118 222, 176 3W.988 307.252 (263,946) 374,294 14. Analysls of net aBs•ts b•lwe•n funds Anatysls of n•t assets between fvnds. current ye Restrlcted Unrnstricted lunds nds 2023 2023 Total funds 2023 Tangible fixed assets culnt ass8ts Credrtors due within Ce Cradilors due in more than OM 269.977 64.451 3,220 174,718 {16.945) 273.197 239,169 (16,945} 1100.000 1100.OCKJ) Total 234,428 160.993 395,421 P•JÈ 20
MOSAIC CHURCH PARTNERSFIP (A Charitable Incorporated Organisationl NOTES TO THE RNANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2023 14. Analysls of net assets betvfftn funts (continued Anal$ of not as8•ts botwwn fvnds. prior year Resliict8d Unr8stiict8d lunds funds 2022 2022 rotal funds 2022 Tangible fixed 8sset5 Current assets 251, T31 111,104 (10. 717) (2LKI.LIXI) 251. 731 333,280 (IQ 717J (2CQ,LKQJ 222, 176 Creditors due vAlhin one Creditors due in mtye than one star Totsl 222, 176 152, 118 374,294 15. Pgnslon commltments The Charty operates a defird ¢th1JtvJn pensi¢ stheme The assets of the scheme are held separately Ircffi tPv)se of th& Charity in an irwjependently administerèJ fund The pension cost charge of £6,79512022 - £5,532) rewesenls CAlntrtJutths payable by the Charty lo the fund and as al the year end £1,480 was payatAe to the lund and iluded in uedors (2022 - £1,5301. Page21
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