2022-12-31-accounts - Iglesia NI Cristo (Church Of Christ)

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					2022	2021
			Unrestricted	Restricted	Total	Total
		Notes	fund E	funds E	funds f	funds E
INCOME AND ENDOWMENTS	FROM
Donations and legacies		2	4,850,640	1,033,368	5,884,008	6,042,854
Charitable activities
Management and Administration						24,420
Investment income			3,320	164	3,484	323
Other income				104	104	387
Total			4,853,960	1,033,636	5,887,596	6,067,984
EXPENDITURE ON
Charitable activities
Property Rentals and Hire			594,011	180,437	774,448	447,893
Management and Administration			1,687,323	97,920	1,785,243	1,562,909
Building Services and Utilities			23,717	19,490	43,207	194,645
Donations to related charities			3,025,097		3,025,097	1,617,253
Depreciation			28,605	22,276	50,881	273,997
Other			147,896	(147,896)
Total			5,506,649	172,227	5,678,876	4,096,697
NET INCOME/(EXPENDITURE)			(652,689)	861,409	208,720	1,971,287
RECONCILIATION OF FUNDS
Total funds brought forward			4,402,781	18,045,590	22,448,371	20,477,084
TOTAL FUNDS CARRIED FORWARD			3,750,092	18,906,999	22,657,091	22,448,371

				2022	202'I
		Unrestricted	Restricted	Total	Total
		fund	funds	funds	funds
	Notes	E	E	E	E
FIXED ASSETS
Tangible assets	12	157,884	18,397,472	18,555,356	19,121,931
CURRENT ASSETS
Debtors	13	48,034		48,034	28,230
Cash at bank and in hand		3,608,643	509,528	4,118,171	3,350,090
		3,656,677	509,528	4,166,205	3,378,320
CREDITORS
Amounts falling due within one year	14	(64,470)		(64,470)	(51,880)
NET CURRENT ASSETS		3,592,207	509,528	4,101,735	3,326,440
TOTAL ASSETS LESSCURRENT LIABILITIES		3,750,091	18,907,000	22,657,091	22,448,371
NET ASSETS		3,750,091	18,907,000	22,657,091	22,448,371
FUNDS	15
Unrestricted funds:
Central Fund				3,750,091	4,402,781
Restricted funds:
Localfund				324,43S	257,071
District Fund				233,336	245,738
properties				18,349,226	17,542,781
				18,907,000	18,045,590
TOTAL FUNDS				22,657,091	22,448,371

				Notes	2022f	2021 E
Cash flows from operating	activities
Cash generated from operations					269,413	2,275,005
Net cash provided by operating activities					269,413	2,275,005
Cash flows from investing	activities
Purchase oftangible fixed	assets				(856,948)	(949,739)
Sale of tangible fixed assets					1,352,132	171,947
Interest received					3,484	323
Net cash provided by/(used	in) investing		activities		498,668	(777,469)
Change in cash and cash equivalents		in	the
reporting period					768,081	1,497,536
Cash and cash equivalents	at the beginning			of
the reporting period					3,350,090	1,852,554
Cash and cash equivalents	at the end	of	the
reporting period					4,118,171	3,350,090

1.	RECONCILIATION	OF	OF	NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVmES	NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVmES	NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVmES	NET INCOME TO NET CASH FLOW FROM OPERATING ACTIVmES
								2022	2021
								E	E
	Net income for the		reporting			period (as per the Statement	of Financial
	Activities)							208,720	1,971,287
	Adjustments for.
	Depreciation charges							50,881	273,997
	Loss/(profit) on disposal				of	fixed assets		20,509	(387)
	Interest received							(3,484)	(323)
	(Increase)/decrease			in debtors				(19,804)	12,751
	Increase in creditors							12,591	17,680
	Net cash provided		by	operations				269,413	2,275,005
2.	ANALYSIS OF CHANGES				IN	NET FUNDS
							At 1/1/22	Cash flow	At 31/12/22
							E	E	E
	Net cash
	Cash at bank and	in hand					3,350,090	768,081	4,118,171
							3,350,090	768,081	4,118,171
	Total						3,350,090	768,081	4,118,171

DONATIONS	AND LEGACIES	AND LEGACIES	AND LEGACIES	AND LEGACIES
							2022	2021
							E
Donations							5,884,008	6,042,854
INVESTMENT	INCOME
							2022	2021
Deposit account			interest				3,484	323
INCOME FROM CHARITABLE ACTIVmES
							2022	2021
					Activity			E
Job Retention		Government
Grant Scheme					Management	and Administration		24,420
Grants received,			included	in the	above, are as	follows:
							2022	2021
								E
Job Retention		Government		Grant
								24,420

						Grant
						funding	of
						activities		Support
					Direct	(see note		costs (see
					Costs	6)		note 7)	Totals
					E	E		E	E
Property	Rentals		and Hire		774,448				774,448
Management		and Administration			1,600,035			185,208	1,785,243
Building Services and Utilities					43,207				43,207
Donations	to	related charities				3,025,097			3,025,097
Depreciation								50,881	50,881
					2,417,690	3,025,097		236,089	5,678,876
GRANTS	PAYABLE
								2022	2021
								E	E
Management		and Administration							595
Donations	to	related charities						3,025,097	1,617,253
								3,025,097	1,617,848
The total	grants		paid to institutions	during	the year was as follows:
								2022	2021
								E	E
Donations	to	related charities						3,025,097	1,617,848

					Governance
			Management	Finance	costs	Totals
				E	E	E
Management	and	Administration		36,122	149,086	185,208
Depreciation			50,881			50,881
			50,881	36,'I22	149,086	236,089

			2022	2021
			E	E
Auditors' remuneration			40,750	31,800
Auditors' remuneration		for non audit work	4,000
Depreciation -	owned assets		50,882	273,997
Other operating	leases		595,554	361,011
(Deficit)/surplus	on disposal of fixed assets		20,509	(387)

STAFF	COSTS
		2022f	2021 E
Wages	and salaries	1,118,277	1,053,885
Social	security costs	82,437	75,635
Other	pension costs	21,060	20,053
		1,221,774	1,149,573

The average monthly number of employees during	the year was as follows:
	2022	2021
Ministers	36	32
Administrative	23	20
	59	52

				Unrestricted	Restricted	Total
				fund	funds	funds
				E	F
INCOME AND ENDOWMENTS			FROM
Donations and legacies				5,144,933	897,921	6,042,854
Charitable activities
Management and	Administration			24,420		24,420
Investment income				40	283	323
Other income				387		387
Total				5,169,780	898,204	6,067,984
EXPENDITURE ON
Charitable activities
Property Rentals	and Hire			343,459	104,434	447,893
Management and	Administration			1,432,188	130,721	1,562,909
Building Services	and Utilities			94,435	100,210	194,645
Donations to related		charities		1,616,753	500	1,617,253
Depreciation				252,578	21,419	273,997
Other				124,084	(124,084)
Total				3,863,497	233,200	4,096,697
NET INCOME				1,306,283	665,004	1,971,287
RECONCILIATION	OF FUNDS
Total funds brought		forward		3,096,497	17,380,587	20,477,084
TOTAL FUNDS CARRIED FORWARD				4,402,780	18,045,591	22,448,371

						Fixtures
					Freehold	and	Motor
					property f	fittings E	vehicles	Totals
	COST
	At IJanuary 2022				17,542,781	2,987,894	248,543	20,779,218
	Additions				806,445	39,723	10,780	856,948
	Disposals					(1,691,772)	(32,525)	(1,724,297)
	At 31December	2022			18,349,226	1,335,845	226,798	19,911,869
	DEPRECIATION
	At IJanuary 2022					1,469,250	188,037	1,657,287
	Charge for year					28,606	22,276	50,882
	Eliminated on disposal					(328,327)	(23,329)	(351,656)
	At 31December	2022				1,169,529	186,984	1,356,513
	NET BOOK VALUE
	At 31December	2022			18,349,226	166,316	39,814	18,555,356
	At 31December	2021			17,542,781	1,518,644	60,506	19,121,931
13.	DEBTORS:AMOUNTS		FALLING DUE WITHIN		ONE YEAR
							2022	2021
							E	E
	Other debtors						48,034	28,230
14.	CREDITORS: AMOUNTS			FALLING DUE WITHIN ONE YEAR
							2022	2021
								E
	Social security	and other taxes					17,904	18,299
	Other creditors						1,816	1,781
	Accrued expenses						44,750	31,800
							64,470	51,880

						Net
						movement	At
					At 1/1/22	in funds	31/12/22
					E
Unrestricted		funds
Central Fund					4,402,781	(652,690)	3,750,091
Restricted funds
Local fund					257,071	67,367	324,438
District Fund					245,738	02,402)	233,336
Properties					17,542,781	806,445	18,349,226
					18,045,590	861,410	18,907,000
TOTAL FUNDS					22,448,371	208,720	22,657,091
Net movement		in funds, included		in the above are as follows:
					Incoming	Resources	Movement
					resources	expended	in funds
					E
Unrestricted	funds
Central Fund					4,853,960	(5,506,650)	(652,690)
Restricted funds
Local fund					679,200	(611,833)	67,367
District Fund					354,436	(366,838)	(12,402)
Properties						806,445	806,445
					1,033,636	(172,226)	861,410
TOTAL FUNDS					5,887,596	(5,678,876)	208,720
Comparatives		for movement	in funds
						Net
						movement	At
					At 1/I/21 E	in funds E	31/I2/21 f
Unrestricted	funds
CentralFund					3,096,497	1,306,284	4,402,781
Restricted funds
Local fund					105,686	151,385	257,071
District Fund					78,280	167,458	245,738
Properties					17,196,621	346,160	17,542,781
					17,380,587	665,003	18,045,590
TOTAL FUNDS					20,477,084	1,971,287	22,448,371

Comparative	net moveme	nt in funds, included in th	e above a	re as fol	lows:
					Incoming	Resources	Movement
					resources	expended	in funds
						E
Unrestricted	funds
Central Fund					5,169,780	(3,863,496)	1,306,284
Restricted funds
Local fund					597,027	(445,642)	151,385
District Fund					301,177	(133,719)	167,458
Properties						346,160	346,160
					898,204	(233,201)	665,003
TOTAL FUNDS					6,067,984	(4,096,697)	1,971,287
A current year 12months		and prior year 12months	combined	position	is as follows:
						Net
						movement	At
					At 1/I/21	in funds	31/I2/22
Unrestricted	funds
Central Fund					3,096,497	653,594	3,750,091
Restricted funds
Localfund					105,686	218,752	324,438
District Fund					78,280	155,056	233,336
Properties					17,196,621	1,152,605	18,349,226
					17,380,587	1,526,413	18,907,000
TOTAL FUNDS				20,477,084		2,180,007	22,657,091

		Incoming	Resources	Movement
		resources	expended	in funds
		E	E	E
Unrestricted	funds
Central Fund		10,023,740	(9,370,146)	653,594
Restricted funds
Localfund		1,276,227	(1,057,475)	218,752
District Fund		655,613	(500,557)	155,056
Properties			1,152,605	1,152,605
		1,931,840	(405,427)	1,526,413
TOTAL FUNDS		11,955,580	(9,775,573)	2,180,007