2022-12-31-accounts - Redeemer Church Nottingham

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					2022		2021
				Unrestricted	Restricted	Total	Total
			Notes
Income
Donations and Legacies				214,172	243,780	457,952	665,472
Other Income				1,080		1,080		360
Hire Income				8,285		8,285
Income from Charitable	Activities
Events Income				153		153		181
Investment Income				207		207		72
Total Income				223 897	243 780	467,677	666,085
~Ee enditure
ExpenCkture on Charitable		Activities
Operation ofRedeemer		Church		205,879	111,818	317,697	153,454
and delivery ofMission		Costs
Events Expenditure				4,123		4,123	2,756
Total Expenditure				210002	111818	321 820	156	210
Net Income (expenses)	and
net movement in funds		for the year	10	13895	131962	145857	509	875
Transfer between funds
Fund balance brought	forward
at I January 2022				264,994	1,462,435	1,727,429	1,217,554
Total funds carried forward
at 31December 2022				278 889	1,594,397	1,873,286	1,727	429

				Note	2022	2021
Fixed Assets
Tangible Assets					2,592,074	1,305,259
Current Assets
Cash at Bank	and in Hand				150,939	386,950
Debtors					40 777	112931
					191,716	499,881
Current Liabilities
Creditors due	within	one year			(77,171)	(77,711)
Net Current	Assets				114545	422 170
Total Assets	Less Current		Liabilities		2,706,619	1,727,429
Creditors
Amounts falling due		after more than one year			(833,333)
Net Assets					1 873 286	I 727429
The Funds ofthe Charit
Unrestricted	- General			10	73,764	109,869
	Designated			10	205,125	155,125
Restricted				10	1,594,397	1,462,435
Total Charit	Funds				1 873286	1 727,429

	Notes	2022	2021
Net Cash from Operating Activities	13	1,117,649	471,870
Capital Expenditure and Financial Instruments,
purchase ofTangible Fixed Assets		(1,353,660)	(735,198)
Net Cash Inflow (Outflow)		236011	263 328
Balance ofcash brought forward		386,950	650,278
Increase (Decrease) in cash in the year		(236,011)	(263,328)
Net Cash Resources at 31December 2022		150939	386950

2. Donations, Gifts and Legacies (Unrestricted)	2. Donations, Gifts and Legacies (Unrestricted)	2. Donations, Gifts and Legacies (Unrestricted)	2. Donations, Gifts and Legacies (Unrestricted)		2022	2021
General Giving and Gift Aid Recoverable					214 172	170903
					214 172	170903
Donations, Gifts and Legacies (Restricted)
Building Fund and Gift Aid Recoverable					227,016	468,726
Christmas Appeal and Gift Aid Recoverable					16764	25 843
					234 780	494 569
Total Donations					457 952	665 472
3. Total Salaries &Staff Summary					2022	2021
Salaries					87,719	57,433
Employer's NI					9,357	5,710
Pension					9,266	3,879
Expenses					3 037	4 401
					109379	71 423
Average Weekly Number ofEmployees,		calculated		as full time equivalents
Pastoral Staff
(No employee received remuneration	ofmore than K60,000)
The number ofemployees to whom	retirement		benefits	were accruing was as follows:
Defined Contributions Scheme

and i	nclude offic	e and travel expen	ses.
						2022	2021
Peter	Brown	Remuneration	(salary	and	ERSNIC)	49,080	49,254
		Pension				3,537	2,932
		Expenses				3 037	4401
						55 654	56 587

5. Expenditure on Ch	ar	itab	l	e	Activities
							2022		2021
						Unrestricted	Restricted	Total	Total
5.1 Core Ministn
Salaries (Note 3)						109,379		109,379	71,423
Overseas Missions	(see		note 13)			4,000		4,000	4,000
Equipment						237		237	333
Building Running	Costs					43,252		43,252	21,413
IT Subscriptions and		Computer Costs				3,117		3,117	1,907
Stationery, Printing		and		admin costs		1,952		1,952	1,284
Miscellaneous Costs						38		38	28
Refreshments						643		643	113
Media Costs						93		93
Ministry Costs and	training					7,104		7,104	1,508
Insurance						3,159	5,137	8,296	11,980
Redeemer Kids						1,992		1,992	655
Independent Examination					fee	3,000		3,000	2,700
Bank charges Advertising costs						4 82		4 82	116 499
Depreciation						24,403	42,442	66,845	8,235
Donations —Christmas			Appeal				29,107	29,107	25,056
Licence and Affiliation				Fees		3,214		3,214	2,204
Legal Fees, including		bank			loan fee	210	8,750	8,960
Interest on bank loan and				charges			26 382	26 382
						205 879	111818	317697	153454
5.2 Events Ex enditure
Catering						336		336	101
Evangelistic Events						3 787		3 787	2 655
						4 123		4 123	2,756
0 eratin Profit/ Loss
The operating profit/(loss)		is stated after charging:-
								2022	2021
Independent Examination Fee								3,000	2,700
For other services								540	504
6.Tangible Asset and Depreciation						Cost of	Cost of	Equipment	Total
						Property	Property	dk Fixtures
						&Land	Development
Cost at 31.12.2021						425,000	849,278	41,174	1,315,452
Additions during the year							I 272 818	80 842	I 353 660
Balance at end ofyear						425 000	2 122096	122016	2 669 112
~De recietion
Depreciation brought forward				at 1.1.2022				10,193	10,193
Depreciation during the	year						42 442	24 403	66 845
Balance at end ofyear							42 442	34,596	77 038
Net Book Value (NBV) - 2021						425 000	849278	30981	I 305259
Net Book Value (NBV) - 2022						425 000	2 079654	87,420	2 592 074
						Page 15

ptember 2022 the charity commenced .	a lease for aph	otocopier at a	cost of$1,944 p	er annum, the leas	e runs until Se
9. Analysis ofNet Assets between	funds - 2022				Total
			General	Restricted	Funds
			Funds	Funds	2022
Fixed Assets			87,420	2,504,654	2,592,074
Current Assets			191,716		191,716
Current Liabilities			(247)	(76,924)	(77,171)
Long Term Liabilities				833 333	833333
Net Assets at 31.12.22			278 889	I 594,397	I 873286
Analysis ofNet Assets between	funds - 2021				Total
			General	Restricted	Funds
			Funds	Funds	2021
Fixed Assets				1,305,259	1,305,259
Current Assets			342,705	157,176	499,881
Current Liabilities			77711		77 711
Net Assets at 31.12.21			264 994	1,462,435	1,727 429
		Page 16

			for the Year Ended 31	December 2022
10. Restricted Funds —2022						Balance at
			Balance at			31December
			1.1.22	Income	Expenditure	2022
Building	Fund		1,445,928	227,016	82,711	1,590,233
Christmas	Appeal		16507	16764	29 107	4 164
			1 462 435	243 780	111 818	1 594397
Restricted		Funds - 2021				Balance at
			Balance at			31 December
			1.1.21	Income	Expenditure	2021
Building	Fund		985,842	468,726	8,640	1,445,928
Christmas	Appeal		15720	25 843	25 056	l6 507
			I 001 562	494 569	33,696	1,462 435

6.Cash Flow	Statemen	t
			2022	2021
Net Incoming	Resources		145,857	509,875
Adjustments:-
Depreciation	Charges		66,845	8,235
(Increase)/ Decrease		in Debtors	72,154	(61,177)
Increase/(Decrease)		in Creditors	832 793	14937
			I 117649	471 870