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|Trustees'|annual
report (incorporating|||the|director*s report)|||
|independent
auditor's||report to|the members|||||
|Statement|of finandal|activities|(induding||income and expenditure|account)||
|Statement|offinanual|position||||||
|Statement|ofcash flows|||||||
|Notes to the Rnandal||statements||||||
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|Reference|Reference|and administrative|and administrative|and administrative|details||||
|---|---|---|---|---|---|---|---|---|
|Registered||charity|name|||First Fruits Gospel Foundation|||
|Charity|registration|||number||1184513|||
|Company||registration||number||12057904|||
|Principal|office and||registered|||Third Floor|||
|office||||||20 Old Badey|||
|||||||Landon|||
|||||||EC4M 7AN|||
|||||||United
Kingdom|||
|The trustees|||||||||
|||||||Mrs R Pillar|||
|||||||Mr S Pillar|||
|||||||Mr J Riches|||
|Auditor||||||Gibson Booth|||
|||||||Chartered
Accountants|&Statutory|Auditors|
|||||||New Court|||
|||||||Abbey Road North|||
|||||||Shepley|||
|||||||Huddersfield|||
|||||||HD8 8BJ|||
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|||||||2022||2021|
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted||||
|||||Note|funds
f|Restricted
funds|Total funds
f|Total funds
f|
|Income and endowments|||||||||
|Donations
and legacies||||5|5,811,600|100,000|5,911,600|129,251|
|Investment
income||||6|2,662||2,662|1,531|
|Total Income|||||5,814,262|100,000|5,914,262|130,782|
|Expenditure|||||||||
|Expenditure
on charitable||adivitles||7,8|(941,512)|(11,000)|(952,512)|(I54,456)|
|Total expenditure|||||(941,512)|(11,000)|(952,512)|(154,456)|
|Net Income/(expenditure)||and net movement|in||||||
|funds|||||4,872,750|89,000|4,961,750|(23,674)|
|Reconciliation
offunds|||||||||
|Total funds brought|forward||||803,330||803,330|827,004|
|Total funds carried|forward||||5,676,080|89,000|5,765,080|803,330|
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||||2022|2021|
|---|---|---|---|---|
|||Note|6|5|
|Fixed assets|||||
|Investments||14|6,045,279|826,650|
|Current assets|||||
|Debtors||15|94,034|93,869|
|Cash at bank and in hand|||11,407|5,361|
||||105,441|99,230|
|Creditors: amounts|falling due within one year|16|(294,290)|(25,850)|
|Net current
liabilities|||(188,849)|73,380|
|Total assets less current liabilities|||5,856,430|900,030|
|Creditors: amounts|falling due after more than one year|17|(91,350)|(96,700)|
|Net assets|||5,765,080|803,330|
|Funds of the charity|||||
|Restdcted
funds|||89,000||
|Unrestricted
funds|||5,676,080|803,330|
|Total charity funds||18|5,765,080|803,330|
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|||||2022|2021|
|---|---|---|---|---|---|
|||||f|8|
|Cash flows from operating||activities||||
|Net income/(expenditure)||||4,961,750|(23,674)|
|Adjustments
for.||||||
|Other interest receivable
and similar income
Interest payable
and similar charges||||(2,662)
'I43|(1,531)|
|Accrued expenses||||15,440|2,260|
|Changes
ini||||||
|Trade and other debtors
Trade and other creditors||||(165)
247,650|(93,869)
118,610|
|Cash generated
from operations||||5,222,156|1,796|
|Interest paid
Interest received||||(143)
2,662|1,531|
|Net cash from operating
activities||||5,224,675|3,327|
|Cash flows from investing||activities||||
|Acquisition
ofsubsldianes
Purchases
of other investments||||(1)
(5,218,628)||
|Net cash used
in investing|adiviges|||(5,218,629)||
|Net Increase
In cash and
Cash snd cash equivalents|cash equivalents
at beginning||ofyear|6,046
5,361|3,327
2,034|
|Cash and cash equivalents||at end ofyear||11,407|5,361|
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|||Unrestricted|||Total Funds|
|---|---|---|---|---|---|
|||Funds|Restncted|Funds|2022|
|||f||E|E|
|Grants|payable|891,565||11,000|902,565|
|Support|costs|49,947|||49,947|
|||941,512||11,000|952,512|
|||Unrestricted|||Total Funds|
|||Funds|Restncled|Funds|2021|
|||E||E|f|
|Grants|payable|144,178|||144,178|
|Support|costs|10,278|||10,278|
|||154,456|||154,456|
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||||||||Legs! and|Legs! and||||
|---|---|---|---|---|---|---|---|---|---|---|---|
||||||||professional|fees
f|Bank charges
E|Total 2022
E|Total 2021
E|
||General
office|||||||4,599||4,599||
||Governance|costs|||||30,805||143|30,948|10,279|
||Support costs||—professional||fees||14,400|||14,400||
||||||||49,804||143|49,947|10,279|
|10.|Auditors
remuneration|||||||||||
|||||||||||2022|2021|
|||||||||||f|f|
||Fees payable||for the audit|of the||financial statements||||3,600||
|11.|Independent|examination|||fees|||||||
|||||||||||2022|2021|
||||||||||||E|
||Fees payable|to the Independent||||examiner for:||||||
||Independent|examination||ofthe||financial statements|||||1,900|
|12.|Staff costs|||||||||||
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|||Investment|Shares|in group|Other||
|---|---|---|---|---|---|---|
|||propeAies|undertakings||investments|Total|
|||E||E|E|E|
|Cost or|valuation||||||
|At 1 July|2021||||826,650|826,650|
|Additions||5,040,428|||178,200|5,218,629|
|At 30June 2022||5,040,428|||1,004,850|6,045,279|
|Impairment|||||||
|At 1 July|2021 and 30June 2022||||||
|Carrying|amount||||||
|At 30June 2022||5,040,428|||1,004,850|6,045,279|
|At 30June 2021|||||826,650|826,650|
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|15.|Debtors|||||
|---|---|---|---|---|---|
|||||2022|2021|
|||||f|f|
||Prepayments|and accrued income||274|109|
||Other debtors|||93,760|93,760|
|||||94,034|93,869|
|16.|Creditors: amounts||falling due within one year|||
|||||2022
f|2021
f|
||Accruals
and deferred||income|19,380|3,940|
||Other creditors|||274,910|21,910|
|||||294,290|25,850|
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|||||2022|2021|
|---|---|---|---|---|---|
||||||E|
|Grant|commitments|at start ofyear||118,610||
|Grants|and donations|paid during the year||(804,915)|(26,628)|
|Grant|commitments|made dunng|the year|902,565|145,238|
|Grant|commitments|recognised|at end ofthe year|216,260|118,610|
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|||||||||2022||2021|
|---|---|---|---|---|---|---|---|---|---|---|
|||||||||E||E|
||Other credaors|||||||91,350||96,700|
|18.|Analysis|of charitable||funds|||||||
||Unrestricted||funds||||||||
||||||At|1 July 2021|Income
f|Expendaure
E|At|30June 2022
E|
||Generalfunds|||||803,330|5,814,262|(941,512)||5,676,080|
||||||At|1 July 2020|Income|Expenditure|At 30June 2021||
|||||||f.|E|E|||
||General|funds||||827,004|130,782|(154,456)||803,330|
|Restricted|funds||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|||At|1|July|2021
f|Income
E|Expenditure
E|At|30|June 2022
E|
|Restricted|Funds|||||100,000|(11,000)|||89,000|
|||At|1|July|2020
f|Income
f|Expenditure
f|At|30|June 2021
f|
|Restricted|Funds||||||||||
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|19.|Analysis of net|ass|e|ts between funds|||||
|---|---|---|---|---|---|---|---|---|
||||||Unrestricted|||Total Funds|
||||||Funds|Restricted|Funds|2022|
||||||f||f|6|
||Investments||||6,045,279|||6,045,279|
||Current assets||||16,441||89,000|105,441|
||Creditors less than||1|year|(292,940)|||(292,940)|
||Creditors greater|than||1 year|(91,350)|||(91,350)|
||Net assets||||5,677,430||89,000|5,766,430|
|20.|Analysis
of changes|||ln net debt|||||
||||||At 1 Jul 2021|Cash flows||At 30Jun 2022|
||||||0||6|8|
||Cash at bank and|in|hand||5,361||6,046|11,407|
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