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2021-12-31-accounts

REGISTERED CHARITY NUMBER: 1183581

REPORT OF THE TRUSTEES AND

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2021

FOR

THE POTTERS HOUSE WALTHAM FOREST

Cobbin Floyd Ltd Chartered Accountants 15a Station Road Epping Essex CM16 4HG

THE POTTERS HOUSE WALTHAM FOREST

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021

Page
Report of the Trustees 1 to 3
Report of the Independent Auditors 4 to 6
Statement of Financial Activities 7
Balance Sheet 8
Cash Flow Statement 9
Notes to the Cash Flow Statement 10
Notes to the Financial Statements 11 to 18
Detailed Statement of Financial Activities 19 to 20

THE POTTERS HOUSE WALTHAM FOREST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2021

The Trustees present the annual report in conjunction with the financial statements of the Charity for the year ending 31st December 2021. This report, together with the financial statement is prepared in compliance with the accounting policies set out in the Charity's Trust Deed and applicable law.

OBJECTIVES AND ACTIVITIES

Objectives and aims

As a Christian organisation, our aim has been and continues to be the promotion of the Gospel of Jesus Christ. This is done primarily in our local community of Waltham Forest and in adjoining boroughs. The charity endeavours to send and support missionary workers throughout the world. Our aim is to make a positive and lasting contribution to our local community, with greater emphasis on the family unit, our youth, disadvantaged and the elderly. We have been successful in this regard throughout the year by partnering with the Local Authority to tackle knife and gun crime, anti-social behaviour and juvenile delinquency through the use of the gospel as an avenue for rehabilitation. Our youth ministries continue to try and maximise their positive impact and influence upon the young people of our Borough (Waltham Forest) and beyond.

The Charity has a volunteer Youth Leader who retains a specific responsibility for spearheading the promotion of youth outreaches in the community, which include Gospel concerts, drama productions, football tournaments and street events. Each of these programmes is targeted to meet the needs of all age groups within our local and diverse community. The aforementioned events are held in conjunction with our regular church services. All organised activities and events are of a non-profit nature and are funded by the church.

In line with our objective to promote the Christian faith through worship and preaching we hold regular church services and these are promoted by non-discriminatory invitations given out to the general public.

Since the full lifting of pandemic restrictions and a return to normal operating procedures, we have been able to reinstate our usual services and activities.Our regular church services were held at The Potters House, 366 Lea Bridge Road, London E10 7LD on Wednesday nights and Sunday mornings and evenings. Sunday school classes are held on Sunday mornings and the children's church services held on Sunday evenings aim to reach out to local families, catering for ages 4-11. We continue to offer a nursery available from birth to 3 years, which enables parents to take part in every service knowing that their small children are well cared for. A number of young adults and teenagers within the congregation have active roles in all these ministries. DBS checks are carried out on those working with children and we maintain a safeguarding policy.

ACHIEVEMENT AND PERFORMANCE

Charitable activities

As a local community church we have observed a growth in true conversions, visitors and general attendance due mainly to our outreach strategies.

As members of our local neighbourhood we have for years worked tirelessly for our local borough to try and reach out to our general community and help in any area where possible e.g. support of the charity Heaven Sent, as well as the elderly, disadvantaged, lonely and deprived. We have seen the rewards and positive results from these Christian endeavours.

Bible study groups (home bible groups) are flourishing and continue to be an immense support network for attendees in general and particularly for those facing difficulties. Home group leaders continue to take initiative to have their own local outreaches.

FINANCIAL REVIEW

Monetary review

With the lifting of COVID-19 restrictions and the reinstatement of usual church services and activities, it is evident that not only has the stability of the church and the finances been maintained, we have seen growth over the period and continue to thrive. The church continues to benefit from the generosity and support of its members through their donations. The Trustees are happy with the level of income and the commitment of its members through their regular donations during and after the pandemic.

Reserves policy

The Charities restricted funds held in reserve for any unforeseen circumstances are adequate. The Trustees are satisfied that these reserves are maintained at an appropriate and satisfactory level.

Page 1

THE POTTERS HOUSE WALTHAM FOREST

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2021

FUTURE PLANS

We will continue to invest funds in planting churches, regular revivals and outreaches. Plans for the remainder of 2022 include further expression in both national and world evangelism. We envision continued church planting locally, regionally and internationally including continued missionary support in line with our objective.

Our continued plan for young people at risk of offending and to influence their life choices towards more positive engagements remains a priority and focus.

It is necessary to reiterate that funding is generated via non-compulsory contributions (weekly offerings/ donations) by members of this church.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The church registered as a Charitable Incorporated Organisation on 24th May 2019 and its objects are to promote the Christian faith. For the furtherance of this aim regular activities are carried out and invitations given out to the public.

Appointment of the Trustees is governed by the Constitution of the Charity. The current Board of Trustees constitutes five members. Details of the Trustees who have served during the period are given on page 3. The church's pastor (Pastor Nigel Brown) is ex officio the Chair of Trustees, also being responsible for the day to day operation of the charity and management of the staff of the charity on behalf of the Board. Finance is raised from the congregation's contributions and Gift Aid.

The Board of Trustees is authorised to appoint new trustees to fill vacancies through resignation or death of an existing trustee until the following AGM, whereupon congregational members will be invited to confirm the new trustee by vote. Other than the church's pastor, trustees are appointed for a two-year term and may serve for a maximum of six consecutive years. The Trustees retain the collective responsibility for major financial decisions and investments with Board meetings being held monthly.

REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number

1183581

Principal address

366 Lea Bridge Road Leyton E10 7LD

Trustees

R H D Humphrey P Sahota Pastor N.J. Brown, Esq. M Buzzella R Ruddock (appointed 7.10.21)

Auditors

Cobbin Floyd Ltd Chartered Accountants 15a Station Road Epping Essex CM16 4HG

STATEMENT OF TRUSTEES' RESPONSIBILITIES

The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Page 2

THE POTTERS HOUSE WALTHAM FOREST

REPORT OF THE TRUSTEES

FOR THE YEAR ENDED 31ST DECEMBER 2021

STATEMENT OF TRUSTEES' RESPONSIBILITIES - continued

The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by order of the board of trustees on 27th October 2022 and signed on its behalf by:

Pastor N.J. Brown, Esq. - Trustee

Page 3

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THE POTTERS HOUSE WALTHAM FOREST

Opinion

We have audited the financial statements of The Potters House Waltham Forest (the 'charity') for the year ended 31st December 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.

Other information

The trustees are responsible for the other information. The other information comprises the information included in the Annual Report, other than the financial statements and our Report of the Independent Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Matters on which we are required to report by exception

We have nothing to report in respect of the following matters where the Charities (Accounts and Reports) Regulations 2008 requires us to report to you if, in our opinion:

Page 4

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THE POTTERS HOUSE WALTHAM FOREST

Responsibilities of trustees

As explained more fully in the Statement of Trustees' Responsibilities, the trustees are responsible for the preparation of the financial statements which give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.

Our responsibilities for the audit of the financial statements

We have been appointed as auditors under Section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder.

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Independent Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

To identify risks of material misstatement due to fraud we assessed events or conditions that could indicate an incentive or pressure to commit fraud or provide an opportunity to commit fraud.

Our risk assessment procedures included:

We communicated the identified fraud risks with the audit team and remained alert to any indications of fraud throughout the audit.

As required by auditing standards, and taking into account our overall knowledge of the control environment, we performed procedures to address the risk of management override of controls, in particular the risk that management may be in a position to make inappropriate accounting entries.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Independent Auditors.

Page 5

REPORT OF THE INDEPENDENT AUDITORS TO THE TRUSTEES OF THE POTTERS HOUSE WALTHAM FOREST

Use of our report

This report is made solely to the charity's trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the charity's trustees those matters we are required to state to them in an auditors' report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity's trustees as a body, for our audit work, for this report, or for the opinions we have formed.

Cobbin Floyd Ltd Chartered Accountants 15a Station Road Epping Essex CM16 4HG

27th October 2022

Page 6

THE POTTERS HOUSE WALTHAM FOREST

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2021

Notes
INCOME AND ENDOWMENTS FROM
Donations and legacies
2
Charitable activities
Conferences
Seminars
Mens Discipline
Love offering
Investment income
3
Other income
Total
EXPENDITURE ON
Raising funds
5
Charitable activities
6
Church support
Missionary support
Conferences
Tithes and offerings
Revivals and outreach
Visiting speakers
Other
Total
NET INCOME
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 Unrestricted
fund
£
2,029,506
220,872
18,851
16,411
9,716
49,780
-
2,345,136
6,303
451,965
(119,665)
11,366
126,469
27,130
36,349
775,979
1,315,896
1,029,240
2,459,086
3,488,326		 Restricted
fund
£
386,611
-
-
-
-
-
-
386,611
-
-
119,665
28,100
-
44,716
-
17,745
210,226
176,385
246,322
422,707		 2021
Total
funds
£
2,416,117
220,872
18,851
16,411
9,716
49,780
-
2,731,747
6,303
451,965
-
39,466
126,469
71,846
36,349
793,724
1,526,122
1,205,625
2,705,408
3,911,033		 2020
Total
funds
£
3,315,155
-
-
-
-
-
6,096
3,321,251
-
495,000
8,671
-
-
-
-
112,172
615,843
2,705,408
-
2,705,408

The notes form part of these financial statements

Page 7

THE POTTERS HOUSE WALTHAM FOREST

BALANCE SHEET

31ST DECEMBER 2021

Notes
FIXED ASSETS
Tangible assets
12
CURRENT ASSETS
Debtors
13
Prepayments and accrued income
Cash at bank and in hand
CREDITORS
Amounts falling due within one year
14
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT
LIABILITIES
CREDITORS
Amounts falling due after more than one year
15
NET ASSETS
FUNDS
17
Unrestricted funds
Restricted funds
TOTAL FUNDS		 Unrestricted
fund
£
4,190,510
171,077
-
987,246
1,158,323
(182,271)
976,052
5,166,562
(1,678,236 )
3,488,326		 Restricted
fund
£
-
-
-
422,707
422,707
-
422,707
422,707
-
422,707		 2021
Total
funds
£
4,190,510
171,077
-
1,409,953
1,581,030
(182,271)
1,398,759
5,589,269
(1,678,236 )
3,911,033
3,488,326
422,707
3,911,033		 2020
Total
funds
£
4,127,956
-
119,023
356,465
475,488
(137,514)
337,974
4,465,930
(1,760,522 )
2,705,408
2,459,086
246,322
2,705,408

The financial statements were approved by the Board of Trustees and authorised for issue on 27th October 2022 and were signed on its behalf by:

N.J. Brown, Esq. - Trustee

The notes form part of these financial statements

Page 8

THE POTTERS HOUSE WALTHAM FOREST

CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST DECEMBER 2021

Notes
Cash flows from operating activities
Cash generated from operations
1
Interest paid
Finance costs paid
Net cash provided by operating activities
Cash flows from investing activities
Purchase of tangible fixed assets
Interest received
Net cash used in investing activities
Cash flows from financing activities
New loans in year
Loan repayments in year
Net cash (used in)/provided by financing activities
Change in cash and cash equivalents in
the reporting period
Cash and cash equivalents at the
beginning of the reporting period
Cash and cash equivalents at the end of
the reporting period		 2021
£
1,353,267
-
(51,987)
1,301,280
(165,536)
30
(165,506)
-
(82,286)
(82,286)
1,053,488
356,465
1,409,953		 2020
£
2,697,605
(23,736)
-
2,673,869
(4,212,200 )
-
(4,212,200 )
1,894,796
-
1,894,796
356,465
-
356,465

The notes form part of these financial statements

Page 9

THE POTTERS HOUSE WALTHAM FOREST

NOTES TO THE CASH FLOW STATEMENT FOR THE YEAR ENDED 31ST DECEMBER 2021

1. RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES RECONCILIATION OF NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVITIES
2021 2020
£ £
Net income for the reporting period (as per the Statement of Financial
Activities) 1,205,625 2,705,408
Adjustments for:
Depreciation charges 102,982 84,244
Interest received (30) -
Interest paid - 23,736
Finance costs 51,987 -
Increase in debtors (52,054) (119,023)
Increase in creditors 44,757 3,240
Net cash provided by operations 1,353,267 2,697,605
2. ANALYSIS OF CHANGES IN NET DEBT
At 1.1.21 Cash flow At 31.12.21
£ £ £
Net cash
Cash at bank and in hand 356,465 1,053,488 1,409,953
356,465 1,053,488 1,409,953
Debt
Debts falling due within 1 year (134,274) - (134,274)
Debts falling due after 1 year (1,760,522 ) 82,286 (1,678,236 )
(1,894,796 ) 82,286 (1,812,510 )
Total (1,538,331 ) 1,135,774 (402,557)

The notes form part of these financial statements

Page 10

THE POTTERS HOUSE WALTHAM FOREST

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021

1. ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements of the charity, which is a public benefit entity under FRS 102, 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)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.

Income

All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.

Expenditure

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, 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 accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.

Grants offered subject to conditions which have not been met at the year end date are noted as a commitment but not accrued as expenditure.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

Taxation

The charity is exempt from tax on its charitable activities.

Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

Pension costs and other post-retirement benefits

The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

continued...

Page 11

THE POTTERS HOUSE WALTHAM FOREST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2021

2.
DONATIONS AND LEGACIES
Donations
Gift aid
3.
INVESTMENT INCOME
Rents received
Deposit account interest
4.
INCOME FROM CHARITABLE ACTIVITIES
Activity
Conferences
Conferences
Grants
Seminars
Grants
Mens Discipline
Grants
Love offering
Grants received, included in the above, are as follows:
5.
RAISING FUNDS
Raising donations and legacies
Postage and stationery		 2021
£
2,250,832
165,285
2,416,117
2021
£
49,750
30
49,780
2021
£
220,872
18,851
16,411
9,716
265,850
2021
£
2021
£
6,303		 2020
£
3,196,132
119,023		 2020
£
3,196,132
119,023		 2020
£
3,196,132
119,023
3,315,155
2020
£
-
-
-
2020
£
-
-
-
-
-
2020
£
2020
£
-

continued...

Page 12

THE POTTERS HOUSE WALTHAM FOREST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2021

6. CHARITABLE ACTIVITIES COSTS

Church support
Conferences
Tithes and offerings
Revivals and outreach
Visiting speakers
7.
GRANTS PAYABLE
Church support
Missionary support
Conferences
Tithes and offerings
Revivals and outreach
Visiting speakers
8.
SUPPORT COSTS
Management
Finance
£
£
Other resources expended
533,576
58,272
9.
TRUSTEES' REMUNERATION AND BENEFITS
Trustees' salaries
Trustees' social security		 Grant
funding of
activities
Direct
(see note
Costs
7)
£
£
-
451,965
-
39,466
-
126,469
68,465
3,381
-
36,349
68,465
657,630
2021
£
451,965
-
39,466
126,469
3,381
36,349
657,630
Governance
Other
costs
£
£
146,933
54,943
2021
£
84,536
10,559
95,095		 Totals
£
451,965
39,466
126,469
71,846
36,349		 Totals
£
451,965
39,466
126,469
71,846
36,349
726,095
2020
£
495,000
8,636
-
-
-
-
503,636
Totals
£
793,724
2020
£
-
-
-

Trustees' expenses

There were no trustees' expenses paid for the year ended 31st December 2021 nor for the year ended 31st December 2020.

continued...

Page 13

THE POTTERS HOUSE WALTHAM FOREST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2021

10. STAFF COSTS

Wages and salaries
Social security costs
Other pension costs
The average monthly number of employees during the year was as follows:
No employees received emoluments in excess of £60,000.
11.
COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
Unrestricted
fund
£
INCOME AND ENDOWMENTS FROM
Donations and legacies
3,063,795
Other income
6,096
Total
3,069,891
EXPENDITURE ON
Charitable activities
Church support
495,000
Missionary support
3,633
Other
112,172
Total
610,805
NET INCOME
2,459,086
TOTAL FUNDS CARRIED FORWARD
2,459,086		 2021
£
197,044
15,423
17,718
230,185
2021
Restricted
fund
£
251,360
-
251,360
-
5,038
-
5,038
246,322
246,322
3,321,251
495,000
8,671
112,172
615,843
2,705,408
2,705,408

continued...

Page 14

THE POTTERS HOUSE WALTHAM FOREST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2021

12. TANGIBLE FIXED ASSETS

Fixtures
Freehold
and
Motor
property
fittings
vehicles
£
£
£
COST
At 1st January 2021
4,212,200
-
-
Additions
-
154,950
3,429
At 31st December 2021
4,212,200
154,950
3,429
DEPRECIATION
At 1st January 2021
84,244
-
-
Charge for year
84,244
15,495
857
At 31st December 2021
168,488
15,495
857
NET BOOK VALUE
At 31st December 2021
4,043,712
139,455
2,572
At 31st December 2020
4,127,956
-
-
13.
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Other debtors
Prepayments
14.
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
Bank loans and overdrafts (see note 16)
Other creditors		 Computer
equipment
£
-
7,157
7,157
-
2,386
2,386
4,771
-
2021
£
160,383
10,694
171,077
2021
£
134,274
47,997
182,271		 Totals
£
4,212,200
165,536		 Totals
£
4,212,200
165,536
4,377,736
84,244
102,982
187,226
4,190,510
4,127,956
2020
£
-
-
-
2020
£
134,274
3,240
137,514

Page 15

continued...

THE POTTERS HOUSE WALTHAM FOREST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2021

15.
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2021
£
Bank loans (see note 16)
1,678,236
16.
LOANS
An analysis of the maturity of loans is given below:
2021
£
Amounts falling due within one year on demand:
Bank loans
134,274
Amounts falling between one and two years:
Bank loans - 1-2 years
134,274
Amounts falling due between two and five years:
Bank loans - 2-5 years
1,543,962
17.
MOVEMENT IN FUNDS
Net
movement
At 1.1.21
in funds
£
£
Unrestricted funds
General fund
2,459,086
1,029,240
Restricted funds
Restricted fund
246,322
176,385
TOTAL FUNDS
2,705,408
1,205,625
Net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
Unrestricted funds
General fund
2,345,136
(1,315,896 )
Restricted funds
Restricted fund
386,611
(210,226)
TOTAL FUNDS
2,731,747
(1,526,122 )		 2020
£
1,760,522
2020
£
134,274
134,274
1,626,248
At
31.12.21
£
3,488,326
422,707
3,911,033
Movement
in funds
£
1,029,240
176,385
1,205,625

Page 16

continued...

THE POTTERS HOUSE WALTHAM FOREST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2021

17. MOVEMENT IN FUNDS - continued

Comparatives for movement in funds

Net
movement
in funds
£
Unrestricted funds
General fund
2,459,086
Restricted funds
Restricted fund
246,322
TOTAL FUNDS
2,705,408
Comparative net movement in funds, included in the above are as follows:
Incoming
Resources
resources
expended
£
£
Unrestricted funds
General fund
3,069,891
(610,805)
Restricted funds
Restricted fund
251,360
(5,038)
TOTAL FUNDS
3,321,251
(615,843)
A current year 12 months and prior year 12 months combined position is as follows:
Net
movement
At 1.1.20
in funds
£
£
Unrestricted funds
General fund
-
3,488,326
Restricted funds
Restricted fund
-
422,707
TOTAL FUNDS
-
3,911,033		 At
31.12.20
£
2,459,086
246,322
2,705,408
Movement
in funds
£
2,459,086
246,322
2,705,408
At
31.12.21
£
3,488,326
422,707
3,911,033

continued...

Page 17

THE POTTERS HOUSE WALTHAM FOREST

NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2021

17. MOVEMENT IN FUNDS - continued

A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:

Unrestricted funds
General fund
Restricted funds
Restricted fund
TOTAL FUNDS		 Incoming
resources
£
5,415,027
637,971
6,052,998		 Resources
expended
£
(1,926,701 )
(215,264)
(2,141,965 )		 Movement
in funds
£
3,488,326
422,707
3,911,033

18. RELATED PARTY DISCLOSURES

There were no related party transactions for the year ended 31st December 2021.

19. DONATION INCOME

The figure for donation income in the accounts for the year ended 31st December 2020 included the donation of assets from the previous Potters House Christian Fellowship Walthamstow charity to the new Potters House Waltham Forest CIO and is therefore not comparable to the donations income figure in the accounts for the year ended 31st December 2021.

Page 18

THE POTTERS HOUSE WALTHAM FOREST

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2021

INCOME AND ENDOWMENTS
Donations and legacies
Donations
Gift aid
Investment income
Rents received
Deposit account interest
Charitable activities
Conferences
Grants
Other income
Other income
Total incoming resources
EXPENDITURE
Raising donations and legacies
Postage and stationery
Charitable activities
Car hire
Hotels and accommodation
Grants to institutions
Grants to individuals
Other
Interest payable
Support costs
Management
Trustees' salaries
Trustees' social security
Salaries
Social security
Pensions
Carried forward		 2021
£
2,250,832
165,285
2,416,117
49,750
30
49,780
220,872
44,978
265,850
-
2,731,747
6,303
3,023
65,442
657,630
-
726,095
-
84,536
10,559
112,508
4,864
17,718
230,185		 2020
£
3,196,132
119,023
3,315,155
-
-
-
-
-
-
6,096
3,321,251
-
-
-
495,000
8,636
503,636
23,736
-
-
-
-
-
-

This page does not form part of the statutory financial statements

Page 19

THE POTTERS HOUSE WALTHAM FOREST

DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2021

Management
Brought forward
Building rent and rates
Insurance
Utilities
Telephone
Promotional and hospitality costs
Sundries
Repairs and maintenance
Stationery and postage
Building maintenance
Equipment repair and maintenance
Cleaning
Motor vehicle running expenses
Travel and airfares
Books and periodicals
Benevolence
Training
Computer consumables
Freehold property
Fixtures and fittings
Motor vehicles
Computer equipment
Finance
Bank charges
Mortgage interest payable
Other
New building costs
Governance costs
Auditors' remuneration
Bookkeeping
Accountancy and legal fees
Total resources expended
Net income		 2021
£
230,185
539
7,617
10,445
14,023
14,375
4,823
-
2,216
52,781
2,832
14,093
4,268
53,291
2,027
7,667
791
8,621
84,244
15,495
857
2,386
533,576
6,285
51,987
58,272
146,933
6,114
9,452
39,377
54,943
1,526,122
1,205,625		 2020
£
-
-
-
-
-
-
-
150
-
-
-
-
-
-
-
-
-
-
84,244
-
-
-
84,394
837
-
837
-
-
-
3,240
3,240
615,843
2,705,408

This page does not form part of the statutory financial statements

Page 20