2022-08-31-accounts - King's Church,high Wycombe

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

				31.8.22	31.8.21
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes	£	£	£	£
INCOMEANDENDOWMENTSFROM
Donationsandlegacies	2	783,015	132,459	915,474	911,609
Othertradingactivities	3	2,964		2,964	684
Investmentincome	4	1,241		1,241	778
Total		787,220	132,459	919,679	913,071
EXPENDITUREON
Charitableactivities	5
Outreachandyouthwork		95,452		95,452	78,399
Pastoralandchurchactivities		697,273	186,446	883,719	673,429
Overseasmissions		153,059		153,059	24,962
Socialaction		20,770		20,770	35,532
Total		966,554	186,446	1,153,000	812,322
NETINCOMEI(EXPENDITURE)		(179,334)	(53,987)	(233,321)	100,749
RECONCILIATIONOFFUNDS
Totalfundsbroughtforward		1,934,055	140,096	2,074,151	1,973,402
TOTALFUNDSCARRIEDFORWARD		1,754,721	86,109	1,840,830	2,074,151

				31.8.22	31.8.21
		Unrestricted	Restricted	Total	Total
		funds	funds	funds	funds
	Notes	£	£	£	£
FIXEDASSETS
Tangibleassets	12	1,435,964	-	1,435,964	1,449,618
CURRENTASSETS
Debtors	13	12,447		12,447	31,251
Investments	14	85,809		85,809	85,075
Cashatbank		262,775	86,109	348,884	555,383
		361,031	86,109	447,140	671,709
CREDITORS
Amountsfallingduewithinoneyear	15	(42,274)		(42,274)	(47,176)
NETCURRENTASSETS		318,757	86,109	404,866	624,533
TOTALASSETSLESSCURRENT
LIABILITIES		1,754,721	86,109	1,840,830	2,074,151
NETASSETS		1,754,721	86,109	1,840,830	2,074,151
FUNDS	16
Unrestrictedfunds				1,754,721	1,934,055
Restrictedfunds				86,109	140,096
TOTALFUNDS				1,840,830	2,074,151

		31.8.22	31.8.21
	Notes
Cashflowsfromoperatingactivities
Cashgeneratedfromoperations	1	(141,298)	148,587
Netcash(usedin)/providedbyoperatingactivities		(141,298)	148,587
Cashflowsfrominvestingactivities
Purchaseoftangiblefixedassets		(66,442)	(35,207)
Interestreceived		1,241	778
Netcashusedininvestingactivities		(65,201)	(34,429)
Changeincashandcashequivalents
inthereportingperiod		(206,499)	114,158
Cashandcashequivalentsatthe
beginningofthereportingperiod		555,383	441,225
Cashandcashequivalentsattheend
ofthereportingperiod		348,884	555,383

RECONCILIATIONOFNET(EXPENDITURE)/INCOMETONETCASHFLOWFROM	RECONCILIATIONOFNET(EXPENDITURE)/INCOMETONETCASHFLOWFROM	OPERATING
ACTIVITIES
	31.8.22	31.8.21
	£	£
Net(expenditure)/incomeforthereportingperiod(asperthe
StatementofFinancialActivities)	(233,321)	100,749
Adjustmentsfor:
Depreciationcharges	80,096	66,297
Interestreceived	(1,241)	(778)
Movementofcurrentassetinvestments	(734)	43
Decrease/(increase)indebtors	18,804	(10,952)
Decreaseincreditors	(4,902)	(6,772)
Netcash(usedin)/providedbyoperations	(141,298)	148,587

ANALYSISOFCHANGESINNETFUNDS
	At1.9.21	Cashflow	At31.8.22
	£	£	£
Netcash
Cashatbank	555,383	(206,499)	348,884
	555,383	(206,499)	348,884
Liquidresources
Depositsincludedincash
Currentassetinvestments	85,075	734	85,809
	85,075	734	85,809
Total	640,458	(205,765)	434,693

DONATIONSANDLEGACIES
			31.8.22	31.8.21
			£	£
Gifts			165,294	226,605
Donations			69,781	60,629
Giftaideddonations			673,909	624,375
Grants			6,490
			915,474	911,609
Grantsreceived,includedintheabove,areasfollows:
			31.8.22	31.8.21
BucksCouncilgrant			1,490
RectoryFoundation			5,000
			6,490
OTHERTRADINGACTIVITIES
			31.8.22	31.8.21
			£	£
Letting			2,964	684
INVESTMENTINCOME
			31.8.22	31.8.21
			£	£
Interestreceivable			1,241	778
CHARITABLEACTIVITIESCOSTS
		Grant
		fundingof
		activities	Support
	Direct	(seenote	costs(see
	Costs	6)	note7)	Totals
	£	£	£	£
Outreachandyouthwork	67,988	27,464	-	95,452
Pastoralandchurchactivities	687,122	38,912	157,685	883,719
Overseasmissions	216	152,843		153,059
Social action	20,770	-		20,770
	776,096	219,219	157,685	1,153,000

6.	GRANTSPAYABLE
				31.8.22	31.8.21
				£	£
	Outreachandyouthwork			27,464	27,534
	Pastoralandchurchactivities			38,912	2,896
	Overseasmissions			152,843	24,746
				219,219	55,176
	Thetotalgrantspaidtoinstitutionsduringtheyearwasasfollows:
				31.8.22	31.8.21
				£	£
	WycombeYouthforChrist			3,600	3,600
	Lighthouse			1,000	1,000
	ChristiansAgainstPoverty			9,000	9,000
	Evangelical Alliance			700	700
	Other			4,320
	Nepal			126,978	3,900
	OneCanTrust				1,183
	CatalystCentral			4,800
	CatalystFestivaI				500
	KAApostResonate			7,200
	Azalea			21,923
				179,521	19,883
	Thetotalgrantspaidtoindividualsduringtheyearwasasfollows:
				31.8.22	31.8.21
				£	£
	Grantstoindividuals			39,698	35,293
7.	SUPPORTCOSTS
				Governance
		Staff	Finance	costs	Totals
		£	£	£	£
	Pastoralandchurchactivities	149,407	1,028	7,250	157,685
8.	NETINCOME/(EXPENDITURE)
	Netincome/(expenditure)isstatedafter	charging/(crediting):
				31.8.22	31.8.21
				£	£
	Depreciation-ownedassets			80,096	66,297

STAFFCOSTS
	2022	2021
	£	£
Wagesandsalaries	441,302	439,121
Socialsecuritycosts	34,663	37,459
Otherpensioncosts	41,279	41,417
	517,244	517,997
Transactionswithkeymanagementpersonnel
	2022	2021
	£	£
Totalcompensationofkeymanagementpersonnel	179,864	169,496
Theaveragemonthlynumberofemployeesduringtheyearwasasfollows:
	19	20

12.	TANGIBLEFIXEDASSETS
			Fixtures
		Freehold	and
		property	fittings	Totals
		£	£	£
	COST
	At1September2021	1,565,626	401,664	1,967,290
	Additions		66,442	66,442
	At31August2022	1,565,626	468,106	2,033,732
	DEPRECIATION
	At1September2021	208,750	308,922	517,672
	Chargeforyear	31,312	48,784	80,096
	At31August2022	240,062	357,706	597,768
	NETBOOKVALUE
	At31August2022	1,325,564	110,400	1,435,964
	At31August2021	1,356,876	92,742	1,449,618
13.	DEBTORS:AMOUNTSFALLINGDUEWITHINONEYEAR
			31.8.22	31.8.21
			£	£
	Tradedebtors		422	341
	Tax		12,025	24,141
	Prepaymentsandaccruedincome			6,769
			12,447	31,251
14.	CURRENTASSETINVESTMENTS
			31.8.22	31.8.21
			£	£
	Shorttermcashdeposits		85,809	85,075

	31.8.22	31.8.21
	£	£
Tradecreditors	9,071	9,264
Socialsecurityandothertaxes	10,970	9,762
Othercreditors	360	360
Accrualsanddeferredincome	21,873	27,790
	42,274	47,176

Netmovementinfunds,includedinthea	boveareasfollows:
	Incoming	Resources	Movement
	resources	expended	infunds
	£	£	£
Unrestrictedfunds
Generalfund	779,567	(821,019)	(41,452)
King'sCentre		(31,312)	(31,312)
Azalea		(84,279)	(84,279)
Vision	7,653	(29,944)	(22,291)
	787,220	(966,554)	(179,334)
Restrictedfunds
Nepalfund	29,715	(123,634)	(93,919)
HWDebtrelief	25,219	(30,284)	(5,065)
Hopefund	77,525	(32,528)	44,997
	132,459	(186,446)	(53,987)
TOTALFUNDS	919,679	(1,153,000)	(233,321)

Comparativesformovementin	funds
		Net	Transfers
		movement	between	At
	At1.9.20	infunds	funds	31.8.21
	£	£	£	£
Unrestrictedfunds
Generalfund	472,825	(33,949)	(3,354)	435,522
King'sCentre	1,388,188	(31,312)		1,356,876
Azalea	29,869	54,410	-	84,279
Vision	30,431	26,947		57,378
	1,921,313	16,096	(3,354)	1,934,055
Restrictedfunds
Assistance	4,032	-	(4,032)
Nepalfund	27,012	63,861	3,354	94,227
HWDebtrelief	9,719	(776)	-	8,943
Hopefund	11,326	21,568	4,032	36,926
	52,089	84,653	3,354	140,096
TOTALFUNDS	1,973,402	100,749		2,074,151