**Charity number: 1183430**
# **MOSAIC CHURCH PARTNERSHIP**
**(A Charitable Incorporated Organisation)**
## **UNAUDITED**
**TRUSTEES' REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 MARCH 2024**
## **MOSAIC CHURCH PARTNERSHIP**
## **(A Charitable Incorporated Organisation)**
## **CONTENTS**
||Page|
|---|---|
|**Reference and Administrative Details of the Charitable Incorporated Organisation,**|1|
|**its Trustees and Advisers**||
|**Trustees' Report**|2 - 4|
|**Independent Examiner's Report**|5 - 6|
|**Statement of Financial Activities**|7|
|**Balance Sheet**|8|
|**Notes to the Financial Statements**|9 - 21|
**MOSAIC CHURCH PARTNERSHIP (A Charitable Incorporated Organisation)**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITABLE INCORPORATED ORGANISATION, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 MARCH 2024**
|**Trustees**|S Baynham, Chair|
|---|---|
||D Grant, Secretary|
||V McDonald|
||K Gill|
||M Archibong|
|**Charity registered**
**number**
1183430
**Principal office**
11 Frances Road
Basingstoke
Hampshire
RG21 3DB
**Independent Examiner**
Shaw Gibbs (Audit) Limited
Statutory Auditors
Wey Court West
Union Road
Farnham
Surrey
GU9 7PT
**Bankers**
The Co-Operative Bank Plc
P.O. Box 250
Delf House
Southway
Skelmersdale
WN8 6WT||
Page 1
## **MOSAIC CHURCH PARTNERSHIP**
## **(A Charitable Incorporated Organisation)**
## **TRUSTEES' REPORT FOR THE YEAR ENDED 31 MARCH 2024**
The Trustees of Mosaic Church Partnership have the pleasure of presenting their annual report for the year ended 31st March 2024.
## **Legal Status**
Mosaic Church Partnership is constituted as a Charitable Incorporated Organisation using the “Foundation" model dated 28th January 2019 and is a registered charity no. 1183430. Name Changed from Gateway Life Trust and amended constitution on 30th September 2023.
## **Trustees**
During the year Lewis Balfour resigned, and Khalid Gill and Miracle Archibong were appointed as Trustees as at 25th July 2023. In selecting individuals for appointment as Trustees, the current Trustees must have regard to the skills, knowledge and experience needed for the effective administration of the charity.
## **Aims and Objectives**
Mosaic Church Basingstoke continues to function:
- To advance the Christian religion for the benefit of the public in accordance with the beliefs set out in the Christian Scriptures and to proclaim and further the Gospel of God and His Son the Lord Jesus Christ and to preach and teach the Christian faith.
- For the prevention or relief of poverty in Basingstoke and in such other parts of the United Kingdom and the world as the Trustees may from time to time think fit by providing grants, items and services to individuals in need and/or charities, or other organisations working to prevent or relieve poverty.
- To advance the education of the public in the subject of Christian faith.
- To further such other charitable purposes as the Trustees from time to time in their absolute discretion determine.
The Trustees have noted the Charity Commission’s general guidance on public benefit when making and reviewing the Trust’s aims and objectives and planning future activities.
## **Activities**
- Church family meetings on Sunday
- Life group meetings mid-week
- Mid-week meeting for Young People
- ‘Home for Good’ Adopting and Fostering
- Pastoral care of members and families
- CAP Debt Centre
- Church Planting
- Commission events
Page 2
## **MOSAIC CHURCH PARTNERSHIP**
## **(A Charitable Incorporated Organisation)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024**
## **Achievements**
- Sunday meetings take place on the Queen Mary’s College Campus and continue to be available online also.
- The Church has also continued to run life groups both in person and online.
- Alongside this there are other events including: Men’s and Women’s breakfasts, conferences, craft events and football.
- The Commission Festival annual conference in August 2023, was attended by over 140 adults and children from Mosaic and Trinity life.
- Regular weekly meetings for the young people happened through the year and a number went to the Newday Christian festival at the Norfolk County Showground in August.
- Other notable events during the year included a Carol Concert and Summer Picnics.
- A Wellbeing team of befrienders has been established and gives additional care and support across the church family.
- The CAP debt services centre has continued to run during the year and has helped a growing number of clients. Alongside this, the relief fund has been utilised to help an ever-increasing number of families in need of financial support.
- The Trinity life church plant continues to grow in Swindon with regular Sunday & Mid-week meetings.
- The Church is part of the Commission sphere of churches and regularly takes part in events and activities.
- A number of the staff and wider leadership team contribute towards the training and supporting of other Commission churches and initiatives, including Church Planting, Evangelism, Prophecy and Administration.
## **Financial Review**
- The total unrestricted income for the year was £240,098 and the charity has expended £258,588 on its activities.
- The total unrestricted reserves were £139,851 at the year end. The reserves policy is currently calculated as three months of committed expenditure, the majority of which is staff wages. The current levels of reserves far exceed the amount required. These additional reserves are expected to be used in the next financial year to enable the renovation of the new building.
- The total loan balance for the refurbishment of the building totalling was £173,000 at the 31st March 2024.
- Trinity Life Church plant has a restricted fund balance of £39,113.
- The Relief Fund which is used to assistance those financial need has a fund balance at the financial year end of £14,156.
- The CAP grant for employee costs from the Basingstoke foodbank of £9790 was fully utilised during the year along with other giving restricted to CAP of £1268.
- The main source of funds for the Trust is through its’ church members giving and the gift aid reclaimed, a large proportion of which is by regular bank transfer.
- During the year the Trustees authorised the normal payment of expenses and expenditure.
## **Future Plans**
- The trustees have identified the current excess reserves held and the established relief fund to help those who may experience financial hardship. They are continuing to review the net income/loss of the charity closely each month and will respond to any adverse changes accordingly.
- The refurbishment of a former office building is continuing, and the building project is expected to be finished in the next financial year ending March 2025. The newly refurbishment building will be able to host the Church’s regular Sunday meetings in Basingstoke and wide range of its other activities and events.
Page 3
## **MOSAIC CHURCH PARTNERSHIP**
## **(A Charitable Incorporated Organisation)**
## **TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 MARCH 2024**
## **Risk Management**
- The trustees regularly meet and conduct reviews of the Trust’s operations to identify areas of risk and initiate planning to mitigate these risks.
- Trustees receive and review monthly management reports on the financial performance of the charity along with an annual budget. They assess the affordability of any new initiatives on their merits as they occur.
- All of the activities of the charity are continuing, and the accounts have been produced on a going concern basis.
Approved by order of the members of the board of Trustees and signed on their behalf by:
**S Baynham** (Chair of Trustees)
Date: 9 January 2025
Page 4
## **MOSAIC CHURCH PARTNERSHIP (A Charitable Incorporated Organisation)**
## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 MARCH 2024**
## **Independent Examiner's Report to the Trustees of Mosaic Church Partnership ('the Charitable Incorporated Organisation')**
We report to the charity Trustees on our examination of the accounts of the Charitable Incorporated Organisation for the year ended 31 March 2024.
## **Responsibilities and Basis of Report**
As the Trustees of the Charitable Incorporated Organisation you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
We report in respect of our examination of the Charitable Incorporated Organisation's accounts carried out under section 145 of the 2011 Act and in carrying out our examination we have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent Examiner's Statement**
Since the Charitable Incorporated Organisation's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. We confirm that we are qualified to undertake the examination because we are a member of ACCA, which is one of the listed bodies.
Your attention is drawn to the fact that the Charitable Incorporated Organisation has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
We understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
We have completed our examination. We confirm that no matters have come to our attention in connection with the examination giving us cause to believe that in any material respect:
1. accounting records were not kept in respect of the Charitable Incorporated Organisation as required by section 130 of the 2011 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.
Page 5
CHURCH PARTMERSHIP
INDEPENDEKf EXAIIINEifs REPORT ICONTIMUED)
FOR THE YEAR ENDED 31 IAARCH 2024
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Statutory Auditors
Wey Court We*
Union Road
Famhorn
Surrey
GU9 7PT
## **MOSAIC CHURCH PARTNERSHIP**
## **(A Charitable Incorporated Organisation)**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 MARCH 2024**
|**Note**
**Income from:**
Donations and legacies
3
**Total income**
**Expenditure on:**
Charitable activities
**Total expenditure**
**Net (expenditure)/income**
Transfers between funds
12
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**
9 January 2025|**Restricted**
**funds**
**2024**
**£**
**33,974**
**33,974**
**49,464**
**49,464**
**(15,490)**
**2,652**
**(12,838)**
**234,428**
**(12,838)**
**221,590**|**Unrestricted**
**funds**
**2024**
**£**
**240,098**
**240,098**
**258,588**
**258,588**
**(18,490)**
**(2,652)**
**(21,142)**
**160,993**
**(21,142)**
**139,851**|**Total**
**funds**
**2024**
**£**
**274,072**
**274,072**
**308,052**
**308,052**
**(33,980)**
**-**
**(33,980)**
**395,421**
**(33,980)**
**361,441**|_Total_
_funds_
_2023_
_£_
_331,620_|
|---|---|---|---|---|
|||||_331,620_|
|||||_310,493_|
|||||_310,493_|
|||||_21,127_
_-_|
|||||_21,127_|
|||||_374,294_
_21,127_|
|||||_395,421_|
The Statement of Financial Activities includes all gains and losses recognised in the year.
The notes on pages 9 to 21 form part of these financial statements.
Page 7
## **MOSAIC CHURCH PARTNERSHIP**
## **(A Charitable Incorporated Organisation)**
## **BALANCE SHEET AS AT 31 MARCH 2024**
|**Note**
**Fixed assets**
Tangible assets
8
**Current assets**
Debtors
9
Cash at bank and in hand
Creditors: amounts falling due within one
year
10
**Net current assets**
**Total assets less current liabilities**
Creditors: amounts falling due after more
than one year
11
**Net assets excluding pension asset**
**Total net assets**
**Charity funds**
Restricted funds
12
Unrestricted funds
12
**Total funds**|**7,510**
**232,703**
**240,213**
**(11,751)**|**2024**
**£**
**305,979**
**305,979**
**228,462**
**534,441**
**(173,000)**
**361,441**
**361,441**
**221,590**
**139,851**
**361,441**|_54,707_
_184,462_
_239,169_
_(16,945)_|_2023_
_£_
_273,197_
_273,197_
_222,224_
_495,421_
_(100,000)_
_395,421_
_395,421_
_234,428_
_160,993_
_395,421_|
|---|---|---|---|---|
The financial statements were approved and authorised for issue by the Trustees and signed on their behalf by:
## **S Baynham**
(Chair of Trustees) Date:
The notes on pages 9 to 21 form part of these financial statements.
Page 8
**MOSAIC CHURCH PARTNERSHIP**
**(A Charitable Incorporated Organisation)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **1. General information**
Mosaic Church Partnership (previously named Gateway Life Trust) is a charitable incorporated organisation (charity number: 1183430).
## **2. Accounting policies**
## **2.1 Basis of preparation of financial statements**
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
Mosaic Church Partnership meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
## **2.2 Income**
All income is recognised once the Charitable Incorporated Organisation has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Donations, Legacies and Similar Resources:
- (i) Collections and Donations are included in the financial statements when received by or on behalf
of the church.
- (ii) Planned giving receivable under covenant is included in the financial statements only when received by the church.
(iii) Income tax recoverable on covenanted and gift aid donations are accrued to March each year and claimed every four months.
- (iv) Legacy income is accounted for when receivable.
- (v) Grant income is accounted for when receivable.
Income from investments, including interest received, is accounted for when due.
Grants are included in the Statement of Financial Activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance Sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
Page 9
**(A Charitable Incorporated Organisation)**
## **MOSAIC CHURCH PARTNERSHIP**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **2. Accounting policies (continued)**
## **2.3 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charitable Incorporated Organisation's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
## **2.4 Tangible fixed assets and depreciation**
Tangible fixed assets costing £NIL or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
- Long-term leasehold property Motor vehicles - 25% Fixtures and fittings - 25% Computer equipment - 25%
## **2.5 Debtors**
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **2.6 Cash at bank and in hand**
Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
Page 10
**MOSAIC CHURCH PARTNERSHIP**
**(A Charitable Incorporated Organisation)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **2. Accounting policies (continued)**
## **2.7 Liabilities and provisions**
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charitable Incorporated Organisation anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of Financial Activities as a finance cost.
## **2.8 Financial instruments**
The Charitable Incorporated Organisation only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method.
## **2.9 Pensions**
The Charitable Incorporated Organisation operates a defined contribution pension scheme and the pension charge represents the amounts payable by the Charitable Incorporated Organisation to the fund in respect of the year.
## **2.10 Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the Trustees in furtherance of the general objectives of the Charitable Incorporated Organisation and which have not been designated for other purposes.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charitable Incorporated Organisation for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Page 11
## **MOSAIC CHURCH PARTNERSHIP**
## **(A Charitable Incorporated Organisation)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **3. Income from donations and legacies**
|**Donations**
Regular donations
Gift Aid
Collections and other donations
Grants
**Total 2024**
_Total 2023_|**Restricted**
**funds**
**2024**
**£**
14,744
3,687
5,753
9,790
33,974
_48,156_|**Unrestricted**
**funds**
**2024**
**£**
160,876
40,218
39,004
-
240,098
_283,464_|**Total**
**funds**
**2024**
**£**
**175,620**
**43,905**
**44,757**
**9,790**
**274,072**
_331,620_|_Total_
_funds_
_2023_
_£_
_231,666_
_56,236_
_35,528_
_8,190_|
|---|---|---|---|---|
|||||_331,620_|
||||||
## **4. Analysis of expenditure by activities**
|Charitable activities
_Total 2023_|**Activities**
**undertaken**
**directly**
**2024**
**£**
214,252
_220,975_|**Support**
**costs**
**2024**
**£**
93,800
_89,518_|**Total**
**funds**
**2024**
**£**
**308,052**
_310,493_|_Total_
_funds_
_2023_
_£_
_310,493_|
|---|---|---|---|---|
||||||
Page 12
## **MOSAIC CHURCH PARTNERSHIP**
## **(A Charitable Incorporated Organisation)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **4. Analysis of expenditure by activities (continued)**
## **Analysis of direct costs**
|Staff costs
Children & youth
Church Life
Evangelism & mission & poor
Speakers gifts
CAP
Commission Festival
_Total 2023_|**Activities**
**2024**
**£**
180,299
3,502
14,539
7,445
682
4,572
3,213
214,252
_220,975_|**Total**
**funds**
**2024**
**£**
**180,299**
**3,502**
**14,539**
**7,445**
**682**
**4,572**
**3,213**
**214,252**
_220,975_|_Total_
_funds_
_2023_
_£_
_186,773_
_2,918_
_6,962_
_18,640_
_210_
_5,472_
_-_|
|---|---|---|---|
||||_220,975_|
|||||
Page 13
**(A Charitable Incorporated Organisation)**
## **MOSAIC CHURCH PARTNERSHIP**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **4. Analysis of expenditure by activities (continued)**
## **Analysis of support costs**
|Staff costs
Evangelism & mission & poor
Webiste & church software
Bank fees
Depreciation
Health & Safety
Printing, Postage and Stationary
IT Software and Consumables
Rent
Travel costs
Hospitality
Subscriptions
Telephone & Internet
Marketing & Advertising
Non-Staff Development
Insurance costs
Staff Training
Office Fixtures and Fittings
Refurbishment costs
Governance costs
Loan interest
_Total 2023_|**Activities**
**2024**
**£**
470
1,180
1,461
187
2,190
555
2,353
3,994
38,931
2,587
1,183
150
350
22
823
4,043
1,896
192
9,926
21,307
-
93,800
_89,518_|**Total**
**funds**
**2024**
**£**
**470**
**1,180**
**1,461**
**187**
**2,190**
**555**
**2,353**
**3,994**
**38,931**
**2,587**
**1,183**
**150**
**350**
**22**
**823**
**4,043**
**1,896**
**192**
**9,926**
**21,307**
**-**
**93,800**
_89,518_|_Total_
_funds_
_2023_
_£_
_360_
_307_
_8,889_
_50_
_2,460_
_806_
_2,725_
_3,994_
_34,349_
_2,347_
_939_
_179_
_551_
_-_
_669_
_2,699_
_4,365_
_95_
_2,374_
_11,037_
_10,323_|
|---|---|---|---|
||||_89,518_|
|||||
Page 14
## **MOSAIC CHURCH PARTNERSHIP**
## **(A Charitable Incorporated Organisation)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **5. Independent examiner's remuneration**
||**2024**|_2023_|
|---|---|---|
||**£**|_£_|
|Fees payable to the Charitable Incorporated Organisation's independent|||
|examiner for the independent examination of the Charitable Incorporated|||
|Organisation's annual accounts|**2,200**|_2,100_|
## **6. Staff costs**
|Wages and salaries
Social security costs
Pension costs|**2024**
**£**
**164,251**
**9,999**
**6,519**
**180,769**|_2023_
_£_
_169,871_
_10,467_
_6,795_|
|---|---|---|
||||
|||_187,133_|
The average number of persons employed by the Charitable Incorporated Organisation during the year was as follows:
||**2024**|_2023_|
|---|---|---|
||**No.**|_No._|
|Staff|**6**|_6_|
No employee received remuneration amounting to more than £60,000 in either year.
## **7. Trustees' remuneration and expenses**
During the year, no Trustees received any remuneration or other benefits _(2023 - £NIL)_ .
During the year ended 31 March 2024, no Trustee expenses have been incurred (2023 - £NIL).
Page 15
## **MOSAIC CHURCH PARTNERSHIP**
## **(A Charitable Incorporated Organisation)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **8. Tangible fixed assets**
|**Cost or valuation**
At 1 April 2023
Additions
At 31 March 2024
**Depreciation**
At 1 April 2023
Charge for the year
At 31 March 2024
**Net book value**
At 31 March 2024
_At 31 March 2023_|**Long-term**
**leasehold**
**property**
**£**
**269,977**
**32,915**
**302,892**
**-**
**-**
**-**
**302,892**
_269,977_|**Motor**
**vehicles**
**£**
**338**
**-**
**338**
**338**
**-**
**338**
**-**
_-_|**Fixtures and**
**fittings**
**£**
**506**
**-**
**506**
**506**
**-**
**506**
**-**
_-_|**Computer**
**equipment**
**£**
**12,193**
**2,058**
**14,251**
**8,973**
**2,191**
**11,164**
**3,087**
_3,220_|**Total**
**£**
**283,014**
**34,973**|
|---|---|---|---|---|---|
||||||**317,987**|
||||||**9,817**
**2,191**|
||||||**12,008**|
||||||**305,979**|
||||||_273,197_|
The leasehold property is currently under going significant works and is not in use. No depreciation charge will be included until the property is capable of being in use.
## **9. Debtors**
|**Due within one year**
Trade debtors
Other debtors
Prepayments and accrued income|**2024**
**£**
**3,540**
**95**
**3,875**
**7,510**|_2023_
_£_
_51,132_
_-_
_3,575_
_54,707_|
|---|---|---|
Page 16
## **MOSAIC CHURCH PARTNERSHIP**
## **(A Charitable Incorporated Organisation)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **10. Creditors: Amounts falling due within one year**
|Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income|**2024**
**£**
**5,996**
**2,417**
**763**
**2,575**
**11,751**|_2023_
_£_
_6,852_
_3,829_
_1,480_
_4,784_|
|---|---|---|
||||
|||_16,945_|
## **11. Creditors: Amounts falling due after more than one year**
|Other loans
Included within the above are amounts falling due as follows:
**Between one and two years**
Other loans
**Over five years**
Other loans|**2024**
**£**
**173,000**
**173,000**
**-**|_2023_
_£_
_100,000_|
|---|---|---|
|||_-_|
|||_100,000_|
The loan has been provided to the charity by a member of the Church. £100,000 has been loaned in the previous year of which £27,000 have been repaid during the year, leaving a balance of £73,000 on interest free basis repayable by 30th April 2028.
A further £100,000 was loaned during the year on interest free basis repayable by 27th March 2027.
Page 17
## **MOSAIC CHURCH PARTNERSHIP**
## **(A Charitable Incorporated Organisation)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **12. Statement of funds**
## **Statement of funds - current year**
|**Balance at 1**
**April 2023**
**£**
**Unrestricted funds**
General Funds
**160,993**
**Restricted funds**
Hope Church
**-**
Building Fund
**186,223**
Cinnamon CAP Fund
**-**
Trinity Life
**31,522**
Relief Fund
**16,683**
Growth Fund
**-**
**234,428**
**Total of funds**
**395,421**|**Income**
**£**
**240,098**
**-**
**200**
**11,058**
**20,438**
**663**
**1,615**
**33,974**
**274,072**|**Expenditure**
**£**
**(258,588)**
**(900)**
**(19,718)**
**(12,810)**
**(12,846)**
**(3,190)**
**-**
**(49,464)**
**(308,052)**|**Transfers**
**in/out**
**£**
**(2,652)**
**900**
**1,615**
**1,752**
**-**
**-**
**(1,615)**
**2,652**
**-**|**Balance at**
**31 March**
**2024**
**£**
**139,851**|
|---|---|---|---|---|
|||||**-**
**168,320**
**-**
**39,114**
**14,156**
**-**|
|||||**221,590**|
|||||**361,441**|
Page 18
## **MOSAIC CHURCH PARTNERSHIP**
## **(A Charitable Incorporated Organisation)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **12. Statement of funds (continued)**
## **Statement of funds - prior year**
|**Unrestricted funds**
General Funds
**Restricted funds**
Hope Church
Building Fund
Cinnamon CAP Fund
Trinity Life
Relief Fund
M68 & 22 Fund
Growth Fund
Specified Giving
**Total of funds**|_Balance at_
_1 April 2022_
_£_
_152,118_
_-_
_152,928_
_-_
_24,428_
_13,222_
_3,228_
_28,370_
_-_
_222,176_
_374,294_|_Income_
_£_
_283,464_
_160_
_6,000_
_8,606_
_14,191_
_7,204_
_-_
_11,620_
_375_
_48,156_
_331,620_|_Expenditure_
_£_
_(269,920)_
_(1,266)_
_(12,695)_
_(14,940)_
_(7,097)_
_(3,743)_
_(457)_
_-_
_(375)_
_(40,573)_
_(310,493)_|_Transfers_
_in/out_
_£_
_(4,669)_
_1,106_
_39,990_
_6,334_
_-_
_-_
_(2,771)_
_(39,990)_
_-_
_4,669_
_-_|_Balance at_
_31 March_
_2023_
_£_
_160,993_|
|---|---|---|---|---|---|
||||||_-_
_186,223_
_-_
_31,522_
_16,683_
_-_
_-_
_-_|
||||||_234,428_|
||||||_395,421_|
Page 19
## **MOSAIC CHURCH PARTNERSHIP**
## **(A Charitable Incorporated Organisation)**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **13. Summary of funds**
## **Summary of funds - current year**
|**Balance at 1**
**April 2023**
**£**
General funds
**160,993**
Restricted funds
**234,428**
**395,421**
**Summary of funds - prior year**
_Balance at_
_1 April 2022_
_£_
General funds
_152,118_
Restricted funds
_222,176_
_374,294_|**Income**
**£**
**240,098**
**33,974**
**274,072**
_Income_
_£_
_283,464_
_48,156_
_331,620_|**Expenditure**
**£**
**(258,588)**
**(49,464)**
**(308,052)**
_Expenditure_
_£_
_(269,920)_
_(40,573)_
_(310,493)_|**Transfers**
**in/out**
**£**
**(2,652)**
**2,652**
**-**
_Transfers_
_in/out_
_£_
_(4,669)_
_4,669_
_-_|**Balance at**
**31 March**
**2024**
**£**
**139,851**
**221,590**|
|---|---|---|---|---|
|||||**361,441**|
|||||_Balance at_
_31 March_
_2023_
_£_
_160,993_
_234,428_|
|**Summary of funds - prior year**|||||
|General funds
Restricted funds|||||
|||||_395,421_|
## **14. Analysis of net assets between funds**
## **Analysis of net assets between funds - current period**
|Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year
**Total**|**Restricted**
**funds**
**2024**
**£**
302,892
91,698
-
(173,000)
221,590|**Unrestricted**
**funds**
**2024**
**£**
3,087
148,515
(11,751)
-
139,851|**Total**
**funds**
**2024**
**£**
**305,979**
**240,213**
**(11,751)**
**(173,000)**
**361,441**|
|---|---|---|---|
Page 20
**(A Charitable Incorporated Organisation)**
## **MOSAIC CHURCH PARTNERSHIP**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024**
## **14. Analysis of net assets between funds (continued)**
## **Analysis of net assets between funds - prior period**
|Tangible fixed assets
Current assets
Creditors due within one year
Creditors due in more than one year
**Total**|_Restricted_
_funds_
_2023_
_£_
_269,977_
_64,451_
_-_
_(100,000)_
_234,428_|_Unrestricted_
_funds_
_2023_
_£_
_3,220_
_174,718_
_(16,945)_
_-_
_160,993_|_Total_
_funds_
_2023_
_£_
_273,197_
_239,169_
_(16,945)_
_(100,000)_
_395,421_|
|---|---|---|---|
## **15. Pension commitments**
The Charity operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the Charity in an independently administered fund. The pension cost charge of £6,519 (2023 - £6,795) represents contributions payable by the Charity to the fund and as at the year end £763 was payable to the fund and is included in creditors (2023 - £1,480).
Page 21