## ## ## ## |||Page| |---|---|---| |Trustees'
report||1-10| |Statement ofTrustees'|responsibilities|| |Independent
auditor's|report|12-15| |Statement offinancial|activities|16-17| |Balance sheet||18| |Statement
ofcash flows||18| |Notes to the financial|statements|20-31| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |Current financial year|Current financial year|||||||| |---|---|---|---|---|---|---|---|---| |||||Unrestricted|Unrestricted|Restricted|Total|Total| |||||funds|funds|funds||| |||||general|designated|||| ||||Notes|2023f|2023
f|2023
f|2023|2022
f| |Income and endowments||from.||||||| |Donations
and|legacies|||1,203,400||154,645|1,358,045|1,253,456| |Charitable
activities|||2|223,589||6,267|229,856|151,225| |Investments|||3|3,191|||3,191|1,978| |Other income|||4|1,943|||1,943|10,109| |Total income||||1,432,123||160,912|1,593,035|1,416,768| |EBI
Cht||||||||| |Charitable
activities|||5|1,269,285|99,118|83,132|1,451,535|1,213,734| |Net incoming|resources|before transfers||162,838|(99,118)|77,780|141,500|203,034| |Gross transfers|between|funds||(103,491)|233,046|(129,555)||| |Net income/(expenditure)||for the|year/|||||| |Net movement|in funds|||59,347|133,928|(51,775)|141,500|203,034| |Fund balances|at 1 April 2022|||370,269|3,885,222|86,312|4,341,803|4,138,769| |Fund balances|at 31 March 2023|||429,616|4,019,150|34,537|4,483,303|4,341,803| ## ## |Prior financial|year||||||| |---|---|---|---|---|---|---|---| |||||Unrestricted|Unrestricted|Restricted|Total| |||||funds|funds|funds|| |||||general|designated||| |||||2022|2022|2022|2022| ||||Notes|f|F|8|| |Incom
snd endowments||from|||||| |Donations
and|legacies|||1,059,875||193,581|1,253,456| |Charitable
activities|||2|151,225|||151,225| |Investments|||3|1,978|||1,978| |Other income|||4|10,109|||10,109| |Total income||||1,223,187||193,581|1,416,768| |~x~ni~g;
Charitable
activities|||5|1,110,525|8,444|94,765|1,213,734| |Net incoming|resources|before transfers||112,662|(8,444)|98,816|203,034| |Gross transfers|between|funds||56,300|924,837|(981,137)|| |Net incomel(expenditure)||for the yearl|||||| |Net movement|in funds|||168,962|916,393|(882,321)|203,034| |Fund balances|at 1 April 2021|||201,307|2,968,829|968,633|4,138,769| |Fund balances|at 31 March 2022|||370,269|3,885,222|86,312|4,341,803| ## ## |||||2023||2022|| |---|---|---|---|---|---|---|---| ||||Notes|f||f|| |Fixed assets|||||||| |Tangible assets|||||2,797,956||2,702,603| |Current assets|||||||| |Stocks|||12|8,041||9,610|| |Debtors|||13|56,420||42,313|| |Cash at bank and in|hand|||1,650,054||1,631,912|| |||||1,714,515||1,683,835|| |Creditors: amounts|falling due within||14||||| |one year||||29,168||44,635|| |Net current assets|||||1,685,347||1,639,200| |Total assets less current||liabilities|||4,483,303||4,341,803| |The funds ofthe CID|||||||| |Restricted funds|||15||34,537||86,312| |Unrestricted
funds -|general||||429,616||370,269| |Unrestricted
funds -|designated||16||4,019,150||3,885,222| ||||||4,483,303||4,341,803| ## ## ## ## ||||||2023||2022|| |---|---|---|---|---|---|---|---|---| |||||Notes|8||6|| |Cash flows from operating||activities||||||| |Cash generated|from operations|||19||193,741||256,504| |Investing
activities||||||||| |Purchase oftangible
fixed assets|||||(180,846)||(993,656)|| |Proceeds from|disposal oftangible||fixed|||||| |assets|||||2,056||10,109|| |Proceeds from|disposal
of investment|||||||| |property|||||||615,000|| |Investment
income received|||||3,191||1,978|| |Net cash used|in investing|activities||||(175,599)||(366,569)| |Net cash used|in financing|activities||||||| |Net increase/(decrease)
in||cash|and cash|||||| |equivalents||||||18,142||(110,065)| |Cash and cash|equivalents|at beginning||ofyear||1,631,912||1,741,977| |Cash and cash|equivalents|at end of||year||1,650,054||1,631,912| ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ||||Unrestricted|Restricted|Total|Unrestricted|Restricted|Total| |---|---|---|---|---|---|---|---|---| ||||funds|funds||funds|funds|| ||||2023|2023|2023|2022|2022|2022| ||||E|Z|8|6|8|F| |Sale ofgoods||||6,267|6,267|2,055||2,055| |Ancillary|trading|income|47,301||47,301|19,662||19,662| |Charitable|rental|income|1,180||1,180|1,410||1,410| |Events &|other income||175,108||175,108|128,098||128,098| ||||223,589|6,267|229,856|151,225||151,225| |||Unrestricted|Unrestricted| |---|---|---|---| |||funds|funds| |||2023|2022| |||K|6| |Rental|income||1,875| |Interest|receivable|3,191|103| |||3,191|1,978| ||||||||Unrestricted|Unrestricted| |---|---|---|---|---|---|---|---|---| ||||||||funds|funds| ||||||||2023|2022| |||||||||E| |Net|gain|on|disposal|oftangible|fixed|assets|1,943|10,109| ## ## ## |||||||Soul|Soul| |---|---|---|---|---|---|---|---| |||||||Survivor|Survivor| |||||||Wafford|Watford| |||||||2023|2022| |||||||8|8| ||Staff costs|||||753,367|671,120| ||Depreciation
and impairment|||||85,380|73,023| ||Events
& outreach|||||62,165|23,418| ||Alpha|||||1,446|213| ||Congregation
expenses|||||34,411|33,069| ||Schools, youth and children|||||17,908|21,658| ||Refreshments|||||9,365|10,702| ||Book shop|||||26,697|1,119| ||Office expense
&IT|||||19,193|15,405| ||Telephone|||||5,718|5,497| ||Travel &courses|||||82,913|36,138| ||House costs||||||1,455| ||Bank charges
&mortgage|||interest||13,889|10,144| ||Making room for more|||||1,040|15,717| ||Warehouse
and building||running||costs|130,470|81,315| |||||||1,243,962|999,993| ||Grant funding
ofactivities||(see note 7)|||153,021|156,557| ||Share ofgovernance|costs||(see|note 6)|54,552|57,184| |||||||1,451,535|1,213,734| ||Analysis
by fund||||||| ||Unrestricted
funds - general|||||1,269,285|1,110,525| ||Unrestricted
funds - designated|||||99,118|8,444| ||Restdcted funds|||||83,132|94,765| |||||||1,451,535|1,213,734| |6|Support costs allocated||to activities||||| |||||||2023|2022| |||||||8|| ||Governance
costs|||||54,552|57,184| ||Analysed
between:||||||| ||Charitable
activities|||||54,552|57,184| ## ## ## |||2023|2022| |---|---|---|---| |Governance costs comprise:||6|8| |Audit fees||5,352|5,305| |Accountancy||4,740|4,219| |Legal and professional|||3,359| |Other professional|fees||1,381| |Advertising||44,460|42,920| |||54,552|57,184| ## |||||Soul|Soul| |---|---|---|---|---|---| |||||Survivor|Survival.| |||||Watford|Wafford| |||||2023f|2022| |Grants to|institutions:||||| |Soul 61||||18,000|12,250| |StAlbans|Diocese|||32,430|28,000| |Charis||||6,360|6,120| |Soul Action|||||2,448| |Evangelical||Alliance||1,000|| |Special Offedings|||(Easter 8 NSN)|19,254|11,334| |Alternatives||||3,060|3,060| |Refugees||||820|2,676| |Ukraine Appeal||||100|20,508| |Durban
Halfway|||House||11,926| |DHH Donor||Action Plan|||9,413| |Hardship|fund|||36,547|| |Other||||3,853|26,920| |Grants to|individuals|||31,597|21,902| |||||153,021|156,557| ## ## ## ## |The average
monthly
number ofemployees
during the year was:|||| |---|---|---|---| |||2023|2022| |||Number|Number| |||21|19| |Employment
costs||2023|2022| |||E|E.| |Wages and salaries||669,152|633,128| |Social security costs||62,897|59,325| |Other pension costs||70,301|69,845| |||802,350|762,298| |Staff costs capitalised as part of Making Room for More building|project|(48,984)|(91,178)| |||753,366|671,120| ## ## ## ## |11|Tangible fixed assets|Tangible fixed assets|Tangible fixed assets||||| |---|---|---|---|---|---|---|---| ||||||Freehold|Fixtures,|Total| ||||||buildings|fittings &|| |||||||equipment|| |||||||f|| ||Cost||||||| ||At 1 April 2022||||2,881,260|601,296|3,482,556| ||Additions||||161,518|19,328|180,846| ||Disposals|||||(7,902)|(7,902)| ||At 31 March|2023|||3,042,778|612,722|3,655,500| ||Depreciation|and impairment|||||| ||At 1 April 2022||||344,210|435,743|779,953| ||Depreciation|charged|in the year||50,476|34,904|85,380| ||Eliminated
in|respect|ofdisposals|||(7,789)|(7,789)| ||At 31 March|2023|||394,686|462,858|857,544| ||Carrying
amount||||||| ||At 31 March|2023|||2,648,092|149,864|2,797,956| ||At 31 March|2022|||2,537,050|165,553|2,702,603| |12|Stocks||||||| |||||||2023|2022| |||||||f|f| ||Finished goods and goods for|||resale||8,041|9,610| ||The amount ofstock||expensed|during the year was f1,568 (2022:f8,966).|||| |13|Debtors||||||| ||Amounts
falling due||within one year:|||2023
f|2022f| ||Other debtors|||||37,209|28,376| ||Prepayments|and accrued income||||19,211|13,937| |||||||56,420|42,313| ## ## ## |Creditors: amounts
f|alling due within one year||| |---|---|---|---| |||2023f|2022| |Trade creditors||3,888|12,600| |Other creditors|||15,708| |Accruals and deferred|income|25,280|16,327| |||29,168|44,635| ## ||||At 1 April|Incoming|Resources|Transfers|At|31 March| |---|---|---|---|---|---|---|---|---| ||||2022|resources|expended|||2023| ||||6|6|9|6||6| |Specific donations||to individuals||||||| |or institutions|||28,132|82,230|(75,825)|||34,537| |Making Room for||More||||||| |(Building fund)|||58,180|72,415|(1,040)|(129,555)||| |Soul61 Salary Bursary||||6,267|(6,267)|||| ||||86,312|160,912|(83,132)|(129,555)||34,537| |Previous year:|||At 1April|Incoming|Resources|Transfers|At|31 March| ||||2021|resources|expended|||2022| ||||8|6|6|8||6| |Specific donations||to individuals||||||| |or institutions|||40,140|61,054|(73,062)|||28,132| |Durban
Halfway|House||11,927||(11,927)|||| |Making Room for||More||||||| |(Building fund)|||914,511|132,527|(7,721)|(981,137)||58,180| |Soul61 Salary Bursary|||2,055||(2,055)|||| ||||968,633|193,581|(94,765)|(981,137)||86,312| ## ## ## ## ||||||ul
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Y D|| ## ## ## ||Unrestricted|Unrestricted|Unrestricted|Restricted|Total| |---|---|---|---|---|---| |||funds|funds|funds|| |||general|designated||| |||2023|2023|2023|2023| |||E|E|E|E| |Fund balances at 31 March 2023 are represented||by:|||| |Tangible|assets||2,797,956||2,797,956| |Current|assets/(liabilities)|429,616|1,221,194|34,537|1,685,347| |||429,616|4,019,150|34,537|4,483,303| ||Unrestricted||Unrestricted|Restricted|Total| |||funds|funds|funds|| |||general|designated||| |||2022|2022|2022|2022| |||E|E|E|E| |Fund balances at 31 March 2022 are represented||by:|||| |Tangible|assets||2,702,603||2,702,603| |Current|assets/(liabilities)|370,269|1,182,619|86,312|1,639,200| |||370,269|3,885,222|86,312|4,341,803| ## ## ## ## ## ||||||| |---|---|---|---|---|---| |Cash generated
from|operations|||2023|2022| |||||6|6| |Surplus
for the year||||141,500|203,034| |Adjustments
for:|||||| |Investment
income recognised
in statement||offinancial|activities|(3,191)|(1,978)| |Gain on disposal oftangible
fixed assets||||(1,943)|(10,109)| |Depreciation
and impairment
oftangible fixed assets||||85,380|73,023| |Movements
in working|capital:||||| |Decrease/(increase)
in|stocks|||1,569|(8,967)| |(Increase)
in debtors||||(14,107)|(2,815)| |(Decrease)/increase
in|creditors|||(15,467)|4,939| |(Decrease)
in deferred|income||||(623)| |Cash generated
from|operations|||193,741|256,504| ## ##