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 2￿23) K Gill (appointed 2S JLty 20231 M Afchibong i¥iwnted 25 J￿Y 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 l￿waled 0￿Jan￿atts￿ 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 fu￿110n. To adVar￿ the Christian religi￿ for the benefft of ihe PL* in ac¢ttdance the beliets sel out in the Christian Scrytu￿S and lo prcthwn arKI fUrt￿r 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 S￿h 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 aJv￿Ce the education ol the PU￿1¢ in the subiecl of Chiistian laith. To fL￿her such other ¢harrtabb wrposes as the TrL&Stees from t¥n8 to tina in Ih8ir absolute discretion detemiine. The Trustees have rw*ed the Charity CcYnmissim'$ g8rwal guKlance on public benefit when making and reviewing the Trust's aims and obJecti4*s and plannww future &tivitses. Actlvltles Churth famty meetirys on Surthy Life group meetings mid4veek Mid-week meeting for Young People Alpha Ce￿ISeS 'Home for Good. Adopting and Fostefir¥J Pastoral care of men*Jers faM￿leS 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 Ma￿5 Campus aThJ eonlinue to be avalable online also. The ChLKch has also conts.n￿d 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 I￿lUded. 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 n￿nber 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 S*indon with regular Sunday meetings. The Church is part of the Commission sph¥e of¢hLw¢hes and regLtsrly l*es 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 iniiiali*s. 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 (kn￿1#)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 f￿anCIal 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 transferr￿1 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 aut￿riSed 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 Ch￿ge5 XCOfdirvJty. The planned refu￿lshrnent of a fomier office buibjing is continuing. Rlsk Ma The tfus¢ees regul￿Y 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 manag￿ent rep)rts on the fmancial perfonnance of th8 charity ak)ng with an annual budget. assess the affordability of any new In[t￿lveS on their merits as they cccur. Al of the actNit￿S 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 Incr￿pOrated Organis81ion for the year ended 31 March 2023. Responsibilitles and 8asls of Report As the Trust88s of the Charitable IncorF￿aled Organisat*)n sty)u a￿ responsible for the preparatt*n of the acec￿nIS 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 carr￿r￿j out our eX￿inal￿)n we have followe(I Ihe applicable Directions gwen by the Charity Commission tsnder sectM)n 145(51(b) of the 2011 Act. Independènt Exam1￿￿8 SL*ement 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 Chart*le IrKIyForaled Organi5at*)n has p￿pa￿d the arxounls in accordance with Accounting and Repo￿"ng by Charilw". Staement of R8￿MMer1d￿j Practic8 applicab18 to charilies prepar￿g their accwnts in ￿1[da￿ with the Financial Reporti￿ Slandard applicable in the UK and Republic of Ireland IFRS 1021 in prefer￿Ce to the Accountw arKI Reporting by Charities: Statement of Recommende(1 P￿t￿e 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 mat￿la1 respecl.. aCc￿nI11g 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 r￿ords.. or aCco￿ts do nol compty wr in eith￿ year. Trustoes. remuneration and •xp￿￿9 DurnJ the year, no Trustees receTr￿d ￿Y remuneratb)n orolher benefits (2022. £NIL). Dur*YJ the year ended 31 Mwch 2023. exp￿seS have b88n I￿u[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 s￿n[[￿)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 Tr￿e creditors Other taxatw and 5￿Unty 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 Inte￿St 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 Stat￿ne￿I of fund5- prlor year 8alanGe al 31 March 2022 TTrnsf8rs IA￿42021 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 Gr￿￿h 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 S￿nMary 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 cul￿nt ass8ts Credrtors due within C￿e 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 defir*d ¢￿th1￿JtvJn 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 ￿ i￿luded in ued*ors (2022 - £1,5301. 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