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** -