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2022-03-31-accounts

Current financial year Current financial year Current financial year
Unrestricted Unrestricted Restricted Total Total
funds funds funds
general designated
2022 2022 2022 2022 Total 2021
Notes 8
Income and endowments from
Donations
and		 legacies 1,059,875 193,581 1,253,456 1,442,812
Charitable
activities		 3 151,225 151,225 22,384
Investments 2 1,978 1,978 3,026
Other income 4 10,109 10,109
Total income 1,223,187 193,581 1,416,768 1,468,222
~dd IE
Raising funds 97
Charitable
activities		 6 1,110,525 8,444 94,765 1,213,734 1,092,852
Total expenditure 1,110,525 8,444 94,765 1,213,734 1,092,949
Net gains/(losses) on investments 11 462,909
Net incoming resources before transfers 112,662 (8,444) 98,816 203,034 838,182
Gross transfers between funds 56,300 924,837 (981,137)
Net income/(expenditure) for the year/
Net movement in funds 168,962 916,393 (882,321) 203,034 838,182
Fund balances at 1 Apdil 2021 201,307 2,968,829 968,633 4,138,769 3,300,587
Fund balances at 31 INarch 2022 370,269 3,885,222 86,312 4,341,803 4,138,769

Unrestricted Unrestricted Restricted Total
funds funds funds
general designated
Notes Total 2021
6		 Total 2021f Total 2021
f		 Total 2021
6
Income and endowments from
Donations
and		 legacies 1,231,704 211,108 1,442,812
Charitable
activities		 22,384 22,384
Investments 3,026 3,026
Total income 1,257,114 211,108 1,468,222
~ECht
Raising funds 97
Charitable
activities		 6 894,447 198,405 1,092,852
Total expenditure 894,544 198,405 1,092,949
Net gains/(losses) on investments 462,909 462,909
Net Incoming resources before transfers 362,570 462,909 12,703 838,182
Gross transfers between funds (596,431) 951,227 (354,796)
Net income/(expenditure) for the year/
Net movement in funds (233,861) 1,414,136 (342,093) 838,182
Fund balances at 1 April 2020 435,160 1,554,701 1,310,726 3,300,587
Fund balances at 31 March 2021 201,299 2,968,837 968,633 4,138,769

2022 Total 2021
Notes f 6
Cash flows from operating activities
Cash generated from operations 22 256,504 495,069
Investing activities
Purchase oftangible
fixed assets		 (993,656) (499,265)
Proceeds from disposal of tangible fixed
assets 10,109
Proceeds from disposal of investment
property 615,000
Investment income received 1,978 3,026
Net cash used in investing activities (366,569) (496,239)
Net cash used in financing activities
Net decrease in cash and cash equivalents (110,065) (1,170)
Cash and cash equivalents at beginning ofyear 1,741,977 1,743,147
Cash and cash equivalents at end of year 1,631,912 1,741,977

2022 Total 2021
Notes
Fixed assets
Tangible assets 12 2,702,603 1,781,970
Investment properties 13 615,000
2,702,603 2,396,970
Current assets
Stocks 14 9,610 643
Debtors 15 42,313 39,498
Cash at bank and in hand 1,631,912 1,741,977
1,683,835 1,782,118
Creditors: amounts falling due within
one year 16 (44,635) (40,319)
Net current assets 1,639,200 1,741,799
Total assets less current liabilities 4,341,803 4,138,769
Income funds
Restricted funds 17 86,312 968,633
Unrestricted funds
General designated funds 19 3,885,222 2,968,834
Designated fund revaluation reserve 19 462,909
General unrestricted funds 370,269 201,302
4,255,491 3,170,136
4,341,803 4,138,769

Unrestricted Unrestricted
funds funds
general general
2022 Total 2021
8
Rental income 1,875 3,000
Interest receivable 103 26
1,978 3,026
Charitable activities
2022f Total 2021
E
Sales within charitable activities 2,055 2,567
Ancillary trading income 19,662 2,578
Charitable rental income 1,410
Events 8 other income 128,098 17,239
151,225 22,384
Analysis by fund
Unrestricted funds - general 151,225 22,384
151,225 22,384

Unrestricted Total
funds
general
2022 Total 2021
E
10,109

Total Unrestdicted
funds
general
2022 Total 2021
9
TTCh T
Purchase ofbar stock 97
97

SoulTheK& JM SoulTheK& JM Soul Total
Survivor Morgan Sulvlvor Total 2021
Wafford Trust Watford
2022 Total 2021 Total 2021
6 6 6
Staff costs 671,120 436,432 276,498 712,930
Depreciation
and impairment		 73,023 54,900 54,900
Events
& outreach		 23,418 5,584 3,064 8,648
Alpha &the noise 213 60 144 204
Congregation
expenses		 33,069 9,995 30,444 40,439
Schools, youth and children 21,658 2,221 3,150 5,371
Refreshments 10,702 2,132 3,775 5,907
Book shop 1,119 50 50
Office expense 8 IT 15,405 4,858 6,341 11,199
Telephone 5,497 3,973 2,589 6,562
Travel &courses 36,138 (197) 2,746 2,549
Equipment
lease and		 repairs 17,893 17,893
House costs 1,455 3,268 992 4,260
Bank charges &mortgage interest 10,144 5,782 4,126 9,908
Making room for more 15,717
Warehouse
and building		 running costs 81,315 25,440 27,490 52,930
999,993 572,341 361,409 933,750
Grant funding
ofactivities		 (see note 8) 156,557 57,641 46,671 104,312
Share ofgovernance costs (see note 7) 57,184 22,002 32,788 54,790
1,213,734 651,984 440,868 1,092,852
Analysis
by fund
Unrestricted
funds - general		 1,110,525 499,899 394,548 894,447
Unrestdicted
funds - designated		 8,444
Restdicted funds 94,765 152,085 46,320 198,405
1,213,734 651,984 440,868 1,092,852

7 Support costs Support costs
Support Governance 2022 Total 2021
costs costs
E
Audit fees 5,305 5,305 5,352
Accountancy 4,219 4,219 11,611
Legal and professional 3,359 3,359 16,627
Other professional fees 1,381 1,381 21,200
Advertising 42,920 42,920
57,184 57,184 54,790
Analysed between
Charitable activities 57,184 57,184 54,790

Grants payable
Soul Survivor The K&J M Soul Survivor Total2021
Watford Morgan Trust Wafford
2022 Total 2021 Total 2021
f F f E
Grants to institutions:
Soul 61 12,250 7,000 5,000 12,000
StAlbans Diocese 28,000 14,000 10,000 24,000
Charis 6,120 3,500 2,500 6,000
Soul Action 2,448 1,400 1,000 2,400
Hardship
Fund		 11,334 7,199 7,660 14,859
Alternatives 3,060 2,750 1,250 4,000
Refugees 2,676 636 30 665
South Africa Food Appeal 14,245 4,904 19,149
Soul missions 5,281 5,281
Ukraine Appeal 20,508
Durban Scheme 11,926
DHH Donor Action Plan 9,413
Winter NSN 7,112
LIV Village Fund 15,401
Other 4,407 1,510 1,510
134,655 50,730 39,135 89,865
Grants to individuals 21,902 6,911 7,536 14,447
156,557 57,641 46,671 104,312

The average
monthly
number ofemployees
during the year was:
2022 Total 2021
Number Number
19 20
Employment
costs		 2022 Total 2021
E E
Wages and salaries 633,128 661,909
Social security costs 59,325 52,307
Other pension costs 69,845 58,895
762,298 773,111
Staff costs capitalised as part of Making Room for More building project (91,178) (60,181)
671,120 712,930

Total Unrestricted
funds
designated
2022 Total 2021
f f
Revaluation of investment properties 462,909
12 Tangible fixed assets
Freehold Fixtures, Total
bugdlngs fittings
d
equipmentf
Cost
At 1 April 2021 1,897,441 591,459 2,488,900
Additions 983,819 9,837 993,656
At 31 March 2022 2,881,260 601,296 3,482,556
Depreciation and impairment
At 1 April 2021 304,621 402,309 706,930
Depreciation charged in the year 39,589 33,434 73,023
At 31 March 2022 344,210 435,743 779,953
Carrying amount
At 31 March 2022 2,537,050 165,553 2,702,603
At 31 March 2021 1,592,820 189,150 1,781,970
13 Investment property
2022f
Fair value
At 1 Apdg 2021 615,000
Disposals (615,000)
At 31 March 2022

2022 Total 2021
f f
Freehold 615,000
Long leasehold
Shortleasehold
14 Stocks
2022 Total 2021
f f
Finished goods and goods for resale 9,610 643
The amount ofstock expensed during the year was f8966(2021:f97).
15 Debtors
Amounts
falling due		 within one year: 2022f Total 2021f
Trade debtors 795
Other debtors 28,376 29,319
Prepayments and accrued income 13,937 9,384
42,313 39,498
16 Creditors: amounts falling due within one year
Notes 2022f Total 2021f
Deferred income 623
Trade creditors 12,600 6,293
Other creditors 15,708 4,377
Accruals and deferred income 16,327 29,026
44,635 40,319
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20 Capital commitments 2022
f		 Total 2021
At 31 March 2022 the CIO had capital commitments as follows:
Contracted
for but not provided		 in the financial statements:
Acquisition
of property,
plant and equipment		 524,904
21 Related party transactions
Aggregated
donations
received from
-f53,594). There were no balances		 the Trustees or related parties without
owing to or from any related party at the		 conditions
balance		 totalled f70,580 (2021
sheet date (2021 - fnil).
22 Cash generated
from operations		 2022
f		 Total 2021
f
Surplus for the year 203,034 838,182
Adjustments
for:
Investment
income recognised		 in statement offinancial activities (1,978) (3,026)
Gain on disposal oftangible fixed assets (10,109)
Fair value gains and losses on investment properties (462,909)
Depreciation
and impairment
oftangible		 fixed assets 73,023 54,900
Movements
in working
capital:
(Increase)
in stocks		 (8,967) (17)
(Increase)/decrease
in debtors		 (2,815) 90,130
Increase/(decrease)
in creditors		 4,939 (22,814)
(Decrease)/increase
in deferred		 income (623) 623
Cash generated
from operations		 256,504 495,069
23 Analysis ofchanges
in net funds
The CIO had no debt during the year.