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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|
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|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|
##
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##
|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||||
##
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##
|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||||
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||||
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|
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|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|