SLIC annual report and accounts 2021 / 22
28[th] June 8 – 9pm
AGM agenda and overview
| Welcome and introduction | 5 minutes |
|---|---|
| Looking back to 2021 / 22 | 10 minutes |
| General fund | 10 minutes |
| Projects fund | 5 minutes |
| Risks | 5 minutes |
| Election of Committee | 5 minutes |
| Questions | 10 minutes |
AGM agenda and overview
Bank balance (closing balance)
| Ba | aanc | e (co | sing | an | e) | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Welcome and introduction | 5 minutes | 100 | |||||||||||
| Looking back to 2021 / 22 | 10 minutes | 90 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | |||||
| 80 | 75.315 | ||||||||||||
| General fund | 10 minutes | ||||||||||||
| 70 | |||||||||||||
| 63.196 | |||||||||||||
| Projects fund | 5 minutes | 60 | 53.519 | ||||||||||
| Risks Election of Committee Questions |
5 minutes 5 minutes 10 minutes |
Thousands | 20 30 40 50 |
29.408 | 26.571 48.807 |
23.781 | 27.93 26.767 29.094 31.215 37.598 |
||||||
| 10 | |||||||||||||
| 0 | |||||||||||||
| General | Projects |
Looking back to 2021 / 22
Members (including children): 228
Additional joining on Sundays or engaging in some way: 75
Baptisms: 6
Weddings: 2
Prayer: Fearless Prayer Online; Encounter Weeks/Prayer Rooms; Women’s Prayer; Presence Nights
Collectives: 11 with most meeting in-person and some online (including international regulars)
Online: Sunday Livestream; Team and organisational meetings; Mini-Bible School (outstanding Christians); Carols at Home
Outreach: English classes (minor hall/online); Community Cafe; The Homework Zone; Awaaz Radio; Door-to-Door; Love the Area Clean up Day
Newcomers: Hello & Welcome events (one per term); informal welcome lunches/dinners; international student meals
Installation of West Indian plaque
Looking at the finances in context
2019 (2019/20) 3 years ago Unaffected by government restrictions due to Covid Major building work and costs
2020 (2020/21) 2 years ago Start of Covid restrictions for England Online services. Minor building work Financial year we are reporting on 2021 (2021/22) Last year Services in church + online Most activities restart during the year
| General | General | fund | |||||||
|---|---|---|---|---|---|---|---|---|---|
| 2021 / 22 | Value £ | Change | Change £ | Change |
|||||
| Vs. 2020 | Vs. 2020 | Vs. 2019 | |||||||
| Income | 82,465 | +15% | 10,013 | +32% | |||||
| Income + legacy gift & | 0 | -19,902 | |||||||
| furlough | |||||||||
| Expenditure | 79,645 | +7% | 5,206 | +1% | |||||
| Balance(bank) | 45,462 | (ex loan and B&D) | |||||||
| Property value(non-current | 902,608 | +0% | - | ||||||
| assets) | |||||||||
| Key Income | Value | Change | Change | Key Costs | Value | Change | Change | ||
| £ | Vs | 2020 | Vs 2019 | £ | Vs | 2020 | Vs 2019 | ||
| Gifts(inc cash) | 66,958 | +18% | +32% | Salaries | 53,283 | +2% | -2% | ||
| HRMC gift aid | 14,383 | +12% | +31% | Utilities | 4,967 | +27% | +40% | ||
| Misc Income | 1,119 | -45% | -20% | Insurance | 4,981 | -24% | +287% | ||
| Technology | 5,914 | +37% | +108% | ||||||
| Upkeep | 7,506 | +115% | +131% |
| Building fund | Building fund | ||
|---|---|---|---|
| Income to date (since 2013 inc loan) £655,086 |
|||
| - Loan value to date (exc interest) £132,390 |
|||
| Spend to date (since 2013) £662,943 |
|||
| 2021 / 22 Value £ Change YoY Change Vs. 19/20 |
|||
| Gift income + gift aid 47,486 26% -16% |
|||
| Expenditure (inc capex) 4,787 -74% -79% |
|||
| Loan payments 21,506 (of which 6,644 is interest repayment) |
|||
| Loan write-off 15,000 |
|||
| Church building capitalisation Capex in this period n/a Capex in prior years £599,655 |
|||
| Church building capitalisation | |||
| Capex in this period n/a |
|||
| Capex in prior years £599,655 |
|||
| List of potential future expenses | |||
| ~~Baptistery~~ ~~,~~Parent toddler room ,~~dishwasher~~ ~~,~~audio improvements, enhanced stage lighting, plastering stage area, safety measures, and decoration |
|||
Chart / Further data
Projects fund
| Project | 2022 £ | Vs 2021 | Vs 2020 | Balance BF £ | |
|---|---|---|---|---|---|
| Ganeshpur church | Income | 1,356 | -7% | -30% | 4,948 |
| Expenditure | 1,014 | -53% | -60% | ||
| Good Shepard Sch | Income | 769 | 93% | -44% | 10,305 |
| Expenditure | 14 | n/a | n/a | ||
| Hope of Glory | Income | 238 | -57% | -62% | 116 |
| Expenditure | 612 | 94% | -20% | ||
| Help fund | Income | 3,578 | 77% | 61% | 1,859 |
| Expenditure | 2,254 | 23% | -5% | ||
| Naujavan | Income | 9,034 | -13% | -54% | 21,821 |
| Expenditure | 4,252 | -41% | -76% | ||
| Other | Income | 12,407 | 126% | 1088% | - |
| Expenditure | 12,579 | 141% | 1104% |
Other includes appeals for IFES (£530), YoungLife (£1116), Hospital in India (3,417), Release Int (£309), BGN (£309), OM Afgan (£686), OM Iran £1,205 and +£5,000 to Ukraine
Risks update
In 2019, we shared 6 key risks the SLIC charity needs to mitigate. Here is an update
1) 48% of funds are from 10 Givers. Reliant on the giving of a small number of givers whose circumstances may change Update: Slightly improved. 42% of funds are from 10 Givers. We will continue to track and raise concern if we see significant changes
2) St Matts move-in. The immediate cost challenge and the operational changes Update: Risk to be updated as move in completed successfully with the generosity of our members. Loan repayments still ongoing.
3) Salary costs are far higher (+60%) than the healthy Church benchmark of 40%
Update: Continues to remain high +60%. Current position accepted as not directly impacting activities. Reduction in giving will not help resolve this issue.
4) The need for a paid operational support worker will increase when in new building Update: Members’ service in this area is exceptional, which reduces the risk however it still remains
5) Lack of visibility of future expenditure and overheads
Update: Forecasting expenditure with church teams has started in 2022
6) St Matts Church costs are projected to be higher than 2019 and need to account for ‘moving in’ costs Update: Risk to be updated to reflect the response required to meeting the utilities sharp price increase. Expected to impact SLIC from November 2022 onwards
6 main duties Election of committee Comply with your charity's governing document and the law Ensure your thafity is accountable A(t with reasonable care and Skill A(t in your charily's • besi inierests Manage your cha11t s iesources iespon5ibly Ensure your charity is carrying oui its purposes for the public benefit
Questions IHO(/ 4rioNI
| 2021 / 22 Key points | Value £ | Change Vs. |
|---|---|---|
| 2020 | ||
| Gift Income | 66,958 | +18% |
| Overall income | 82,465 | -10% |
| Expenditure | 79,645 | +7% |
| - Utilities (gas, water & elec) | 4,967 | +27% |
| - Upkeep | 7,506 | +115% |
Thank you IHO(/ 4rioNI
SOUTHAMPTON LIGHTHO
SLIC MAIN ACCOUNT COM
31.03.2021
56,945.32 12,806.71 10.61 16,215.17 3,687.05 2,048.68 91,713.54 32,462.64 - 5,366.10 0.01 37,828.75 52,061.71 10,359.89 3,483.68 1,418.90 69.00 4,301.55 570.00 357.56 1,107.00 200.00 510.17 74,439.46 - 69.00 621.94 852.52 1,543.46 53,559.37 738,811.27 792,370.64
OUSE INTERNATIONAL CHRISTIAN CHURCH
MPRISING GENERAL & BUILDING INCOME & EXPENDITURE
INCOME - GENERAL
GIFT INCOME GIFT AID BANK INTEREST LEGACY GIFT FURLOUGH GRANT INCOME OTHER MISC INCOME
INCOME - BUILDING
GIFT INCOME LOAN WRITE OFF GIFT AID BANK INTEREST
EXPENDITURE - GENERAL
SALARIES UTILITIES AND INSURANCE REPAIRS AND MAINTENANCE TELEPHONE, BROADBAND AND STATIONARY BANK CHARGES EQUIPMENT, COMPUTER SOFTWARE AND WEBSITE COSTS GIFTS TO SPEAKERS CHURCH EVENT COSTS TRAINING SUBSCRIPTIONS OTHER
EXPENDITURE - BUILDING
MORTGAGE INTEREST BANK CHARGES EQUIPMENT REPAIRS AND MAINTENANCE
EXCESS INCOME OVER EXPENDITURE BALANCE BROUGHT FORWARD
31.03.2022
66,957.98 14,383.02 5.09 - - 1,119.34 82,465.43 41,198.83 15,000.00 6,287.50 - 62,486.33 53,283.13 9,859.00 7,506.13 1,468.06 108.00 5,914.11 220.00 851.68 182.45 200.00 52.78 79,645.34 4,787.15 - - - 4,787.15 60,519.27 792,370.64 852,889.91
SOUTHAMPTON LIGHTHOUSE INTERNATIONAL CHRISTIAN CHURCH
SLIC PROJECTS ACCOUNT
| 31.03.2021 1,351.00 275.00 440.00 1,690.00 8,801.44 2,360.00 4,602.24 105.00 121.25 110.00 335.00 1,620.00 577.50 888.00 1.90 1.50 0.22 0.05 5.51 23,285.61 2,150.00 - 300.00 1,825.00 7,104.75 3,275.44 5,202.50 30.00 - 16.00 10.75 75.00 |
INCOME GIFT INCOME GANESPHUR - CHURCH GOOD SHEPHERD SCHOOL HOPE OF GLORY FOUNDATION HELP NAUJAVAN OM R.BHAKAR OTHER GIFT AID GANESPHUR - CHURCH GOOD SHEPHERD SCHOOL HOPE OF GLORY FOUNDATION HELP NAUJAVAN OM R.BHAKAR OTHER BANK INTEREST GANESPHUR - CHURCH GOOD SHEPHERD SCHOOL HOPE OF GLORY FOUNDATION HELP NAUJAVAN EXPENDITURE EXPENSES GANESPHUR - CHURCH GOOD SHEPHERD SCHOOL HOPE OF GLORY FOUNDATION HELP NAUJAVAN OM R.BHAKAR OTHER BANK CHARGES GANESPHUR - CHURCH GOOD SHEPHERD SCHOOL HOPE OF GLORY FOUNDATION HELP NAUJAVAN |
|
|---|---|---|
7.50 OM R.BHAKAR 10.00 OTHER
20,006.94 3,278.67 EXCESS INCOME OVER EXPENDITURE 29,094.59 BALANCE BROUGHT FORWARD 32,373.26
31.03.2022
1,203.60 605.00 190.00 3,165.00 7,622.00 - 10,442.12 152.50 163.75 47.50 412.50 1,410.00 - 1,965.25 0.60 0.60 0.29 0.49 2.47
27,383.67 1,002.00 - 600.00 2,241.99 4,235.97 - 12,579.37 12.00 14.00 12.00 12.00 16.00
20,725.33
6,658.34 32,373.26 39,031.60
SOUTHAMPTON LIGHTHOUSE INTERNATIONAL CHRISTIAN CHURCH
SLIC BALANCE SHEET
31.03.2021
| 285,727.93 599,654.57 17,226.10 902,608.60 4,212.55 807.50 801.46 50.57 113.16 5,001.00 17,081.84 - - 26,451.60 31,725.11 86,244.79 |
NON-CURRENT ASSETS ALL PROPERTY CAPITALISED EXPENDITURE CAPITALISED IN PRIOR YEARS CAPITALISED IN THE PERIOD TOTAL NON-CURRENT ASSETS CURRENT ASSETS HRMC GIFT AID RECEIVABLE SLIC GENERAL AND BUILDING FUND PROJECTS BANK AND CASH ENGLISH CLASSES CASH CURRENT ACCOUNT -BUILDING CURRENT ACCOUNT-NAUJAVAN CURRENT ACCOUNT-PROJECTS CURRENT ACCOUNTS - GENERAL DEPOSIT ACCOUNTS - BUILDING DEPOSIT ACCOUNTS - NAUJAVAN DEPOSIT ACCOUNTS - PROJECTS DEPOSIT ACCOUNTS - GENERAL TOTAL CURRENT ASSETS |
|---|---|
| 988,853.39 | TOTAL ASSETS |
| 135,984.49 28,125.00 164,109.49 164,109.49 738,811.27 29,094.59 53,559.37 3,278.67 |
NON-CURRENT LIABILITIES STEWARDSHIP LOAN OTHER LOAN TOTAL NON-CURRENT LIABILITIES TOTAL LIABILITIES RESERVES BROUGHT FORWARD BALANCES GENERAL & BUILDING FUND PROJECTS PROFIT/LOSS IN THE PERIOD GENERAL & BUILDING FUND PROJECTS |
824,743.90 TOTAL RESERVES
988,853.39 TOTAL LIABILITIES + RESERVES
31.03.2022
285,727.93 616,880.67 - 902,608.60
6,462.75 1,320.25 844.34 - - 11,255.30 43,635.58 - - 26,456.05 31,730.20 121,704.47
1,024,313.07 120,766.56 11,625.00 132,391.56 132,391.56 792,370.64 32,373.26 60,519.27 6,658.34
891,921.51
1,024,313.07
SOUTHAMPTON LIGHTHO
SLIC MAIN ACCOUNT COM
31.03.2021
56,945.32 12,806.71 10.61 16,215.17 3,687.05 2,048.68 91,713.54 32,462.64 - 5,366.10 0.01 37,828.75 52,061.71 10,359.89 3,483.68 1,418.90 69.00 4,301.55 570.00 357.56 1,107.00 200.00 510.17 74,439.46 - 69.00 621.94 852.52 1,543.46 53,559.37 738,811.27 792,370.64
OUSE INTERNATIONAL CHRISTIAN CHURCH
MPRISING GENERAL & BUILDING INCOME & EXPENDITURE
INCOME - GENERAL
GIFT INCOME GIFT AID BANK INTEREST LEGACY GIFT FURLOUGH GRANT INCOME OTHER MISC INCOME
INCOME - BUILDING
GIFT INCOME LOAN WRITE OFF GIFT AID BANK INTEREST
EXPENDITURE - GENERAL
SALARIES UTILITIES AND INSURANCE REPAIRS AND MAINTENANCE TELEPHONE, BROADBAND AND STATIONARY BANK CHARGES EQUIPMENT, COMPUTER SOFTWARE AND WEBSITE COSTS GIFTS TO SPEAKERS CHURCH EVENT COSTS TRAINING SUBSCRIPTIONS OTHER
EXPENDITURE - BUILDING
MORTGAGE INTEREST BANK CHARGES EQUIPMENT REPAIRS AND MAINTENANCE
EXCESS INCOME OVER EXPENDITURE BALANCE BROUGHT FORWARD
31.03.2022
66,957.98 14,383.02 5.09 - - 1,119.34 82,465.43 41,198.83 15,000.00 6,287.50 - 62,486.33 53,283.13 9,859.00 7,506.13 1,468.06 108.00 5,914.11 220.00 851.68 182.45 200.00 52.78 79,645.34 4,787.15 - - - 4,787.15 60,519.27 792,370.64 852,889.91
SOUTHAMPTON LIGHTHOUSE INTERNATIONAL CHRISTIAN CHURCH
SLIC PROJECTS ACCOUNT
| 31.03.2021 1,351.00 275.00 440.00 1,690.00 8,801.44 2,360.00 4,602.24 105.00 121.25 110.00 335.00 1,620.00 577.50 888.00 1.90 1.50 0.22 0.05 5.51 23,285.61 2,150.00 - 300.00 1,825.00 7,104.75 3,275.44 5,202.50 30.00 - 16.00 10.75 75.00 |
INCOME GIFT INCOME GANESPHUR - CHURCH GOOD SHEPHERD SCHOOL HOPE OF GLORY FOUNDATION HELP NAUJAVAN OM R.BHAKAR OTHER GIFT AID GANESPHUR - CHURCH GOOD SHEPHERD SCHOOL HOPE OF GLORY FOUNDATION HELP NAUJAVAN OM R.BHAKAR OTHER BANK INTEREST GANESPHUR - CHURCH GOOD SHEPHERD SCHOOL HOPE OF GLORY FOUNDATION HELP NAUJAVAN EXPENDITURE EXPENSES GANESPHUR - CHURCH GOOD SHEPHERD SCHOOL HOPE OF GLORY FOUNDATION HELP NAUJAVAN OM R.BHAKAR OTHER BANK CHARGES GANESPHUR - CHURCH GOOD SHEPHERD SCHOOL HOPE OF GLORY FOUNDATION HELP NAUJAVAN |
|
|---|---|---|
7.50 OM R.BHAKAR 10.00 OTHER
20,006.94 3,278.67 EXCESS INCOME OVER EXPENDITURE 29,094.59 BALANCE BROUGHT FORWARD 32,373.26
31.03.2022
1,203.60 605.00 190.00 3,165.00 7,622.00 - 10,442.12 152.50 163.75 47.50 412.50 1,410.00 - 1,965.25 0.60 0.60 0.29 0.49 2.47
27,383.67 1,002.00 - 600.00 2,241.99 4,235.97 - 12,579.37 12.00 14.00 12.00 12.00 16.00
20,725.33
6,658.34 32,373.26 39,031.60
SOUTHAMPTON LIGHTHOUSE INTERNATIONAL CHRISTIAN CHURCH
SLIC BALANCE SHEET
31.03.2021
| 285,727.93 599,654.57 17,226.10 902,608.60 4,212.55 807.50 801.46 50.57 113.16 5,001.00 17,081.84 - - 26,451.60 31,725.11 86,244.79 |
NON-CURRENT ASSETS ALL PROPERTY CAPITALISED EXPENDITURE CAPITALISED IN PRIOR YEARS CAPITALISED IN THE PERIOD TOTAL NON-CURRENT ASSETS CURRENT ASSETS HRMC GIFT AID RECEIVABLE SLIC GENERAL AND BUILDING FUND PROJECTS BANK AND CASH ENGLISH CLASSES CASH CURRENT ACCOUNT -BUILDING CURRENT ACCOUNT-NAUJAVAN CURRENT ACCOUNT-PROJECTS CURRENT ACCOUNTS - GENERAL DEPOSIT ACCOUNTS - BUILDING DEPOSIT ACCOUNTS - NAUJAVAN DEPOSIT ACCOUNTS - PROJECTS DEPOSIT ACCOUNTS - GENERAL TOTAL CURRENT ASSETS |
|---|---|
| 988,853.39 | TOTAL ASSETS |
| 135,984.49 28,125.00 164,109.49 164,109.49 738,811.27 29,094.59 53,559.37 3,278.67 |
NON-CURRENT LIABILITIES STEWARDSHIP LOAN OTHER LOAN TOTAL NON-CURRENT LIABILITIES TOTAL LIABILITIES RESERVES BROUGHT FORWARD BALANCES GENERAL & BUILDING FUND PROJECTS PROFIT/LOSS IN THE PERIOD GENERAL & BUILDING FUND PROJECTS |
824,743.90 TOTAL RESERVES
988,853.39 TOTAL LIABILITIES + RESERVES
31.03.2022
285,727.93 616,880.67 - 902,608.60
6,462.75 1,320.25 844.34 - - 11,255.30 43,635.58 - - 26,456.05 31,730.20 121,704.47
1,024,313.07 120,766.56 11,625.00 132,391.56 132,391.56 792,370.64 32,373.26 60,519.27 6,658.34
891,921.51
1,024,313.07