SLIC annual report and accounts 2022 / 23 25th June |Welcome and introduction|5 minutes| |---|---| |Looking back to 2022 / 23|5 minutes| |Election of Committee|10 minutes| |General fund|5 minutes| |Projects fund|5 minutes| |Risks|5 minutes| |Questions|10 minutes| ## **AGM agenda** ## **AGM agenda and overview** ## Bank balance (YE closing balance) **----- Start of picture text -----**
Welcome and introduction 5 minutes 80
75.315
Looking back to 2022 / 23 5 minutes
70
63.837
63.196 2017 2018 2019 2020
Election of Committee 10 minutes
60 2021 2022 2023
53.519
General fund 5 minutes
48.807
50
Projects fund 5 minutes 43.238
40 37.598
Risks 5 minutes
31.215
29.408 29.094
27.93
Questions 10 minutes 30 26.571 26.767
23.781
20
10
0
General Projects
Thousands
**----- End of picture text -----**
## Trustees team - 1) Melroy D’Souza - 2) Gwyneth Symons - 3) Barbara Ladher **Motion to elect 2 more Trustees** - Michael Kearns - Rhys Bartlett ## **Looking back to 2022 / 23** **Members (including children):** 241 **Additional joining on Sundays or engaging in some way** : 48 **Baptisms:** 9 **Weddings:** 2 **Prayer:** Fearless Prayer Online; Encounter Weeks/Prayer Rooms; Prayer for the Persecuted Church; Upper Room worship; Prayer Away Day (New Forest) **Newcomers:** Hello & Welcome events (one per term) : **Collectives and Training** 11 with most meeting in-person and some online (including international regulars). Cross-Cultural Evangelism Online; BOTR; The Hazel Project Training : **Local Outreach and Community** English classes (minor hall/online); Community Cafe; The Homework Zone/Young Life; Awaaz Radio; B-Fit dance classes; Doorto-Door; Life sessions; The Mark Drama; Festival of Light; Silver Lining gatherings; A World Cup Christmas and Carols & Curry; Winter Shelter ## **Looking at the finances in context** 2020 (2020/21) 2 years ago Start of Covid restrictions for England Online services. Minor building work 2021 (2021/22) Services in church + online Most activities restart during the year Financial year we are reporting on 2022 (2022/23) Last year Services in church (online available) ## **General fund** ## **Income** ||||||||||||||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |2022 / 23|||Value £||Change||Change £||||||||||||||||||| ||||||Vs.|2021|Vs.|2021|||||||||||||||||| |Income|||89,166|||+8%||6,700|||||||||||||||||| |Expenditure|||93,567|||+11%||9,134|||||||||||**Gift Aid**||||||| |Balance(bank)|||63,837||(including allocation
for repayments and||||||||||||||||||||| |||||||B&D of £22k)|||||||||||||||||||| |Property(non-current assets)|||902,609|||0%||-||**Gift Income**|||||||||**Other**|||**Other**
**Events**|||| ||||||||||||||||||||||||Interest||| |Key Income|Value|Change||Key Costs||Value £||Change||**Expenditure**|**Other**||||||||||||||| ||£|Vs|2021|||||Vs 2021||**Hospitality Expenses**|||||||||||||||| |Gifts(inc cash)|69,099||+3%|Salaries||61,337||+5%|**Telephone, Broadband and…**||||||||||||||||| |HRMC gift aid|11,347||-21%|Utilities|||5,673|+12%||**Tech/Online Costs**|||||||||||||||| |Hiring building|3,037|||Insurance|||5,458|+12%||**Repairs and Maintenance**|||||||||||||||| |||||Technology|||4,316|-27%||**Mortgage Interest**|||||||||||||||| |||||Upkeep|||4,618|-38%|**Rates, Power and Insurance**||||||||||||||||| ||||||||||||**Salary Costs**||||||||||||||| |||||||||||||-|10,000|20,000|30,000|40,000|50,000|||60,000|||70,000||| ||||||||||||||2021|2022|||||||||||| ||||||||||||||||||||||||||| ## **Building fund** 180000 |Income to date (since 2013 inc loan)
- Loan value (exc interest)|Income to date (since 2013 inc loan)
- Loan value (exc interest)|Income to date (since 2013 inc loan)
- Loan value (exc interest)||£681,523
£108,597|160000|Loan paid|| |---|---|---|---|---|---|---|---| |Spend to date (since 2013)||||£679,259|140000||| |2022 / 23||Value £|Change Vs.
2021 %|Change Vs.
2021 £|120000||| |Gift income + gift aid||26,543|-236%|-£36,049|100000|Loan balance|| |Expenditure (inc capex)||11,529|241%|6,742|||| ||||||||Forecast| |Loan payments||23,792|_(Plus £4,957 is interest_|_repayment)_|80000||2025| |Church building capitalisation|||||||| ||||||60000||| |Capex in this period||11,529|||||| |Capex in prior years|£599,655||||40000||2027| ||||||20000||| ||||||||2029| ||||||0||| |||||||Loan|| ## **Team expenditure (net spend)** **----- Start of picture text -----**
Team Forecast Actual
Resources / Promotional 1000 857
Hospitality 1500 1472
Worship / Technology 1400 2068
Kids / Youth work 750 405
Prayer room 68
1000
Events 1002
**----- End of picture text -----**
|||||||||Appeals|| |---|---|---|---|---|---|---|---|---|---| |Project|**Projects fund**
2022 £
Vs 2021|||Vs 2020|Balance BF £|20,000|**2,118**
**435**
**234**
**984**|Naujavan
Help Fund
Ganeshpur Church
Good Shepherd School
Hope of Glory Foundation|| |Ganeshpur church|Income|2,118|56%|45%|6,430|||Other|| |Good Shepherd|Expenditure
Income|1,007
435|-1%
-43%|-54%
9%|6,191|15,000|**3,397**||**1,007**
**7**
**107**
**431**| |School|Expenditure|7|-49%|-|||||**2,634**| |Hope of Glory|Income|234|518%|-58%|381||||| ||Expenditure|107|-82%|-66%||10,000|**7,055**||| |Help fund|Income|3,397|-5%|68%|2,441||||**4,243**| ||Expenditure|2,634|17%|44%|||||| |Naujavan|Income|7,055|-22%|-32%|27,460||||| ||Expenditure|4,243||||5,000|||| |Other(inc appeals)|Income|8,408|-32%|53%|337||**7,424**||**7,438**| ||Expenditure|7,869|0%|-41%|||||| |Other includes appeals,|including for|IFES, Young Life, Pakistan floods, OM Christmas and TF Africa|||||||| |Hazel Project – Tempora|rily holding f|nds of 10940|at year end|Funds sent to|Hazel charity in April|-|||| Other includes appeals, including for IFES, Young Life, Pakistan floods, OM Christmas and TF Africa Hazel Project – Temporarily holding funds of 10,940 at year end. Funds sent to Hazel charity in April **Expenditure** **Income** Risks update Some key risks we face as a charity: New 1) Building status as charity but not ‘place of worship’ impacts exemption from business rates Setup confusion during the purchase of building resulted in the application to be recognised as a place of worship to be unknowingly delayed. We have received business rates. The mitigation is underway with Registering as a place of worship and appealing recent bills through the Valuation Office Agency VOA. Aim to be resolved by end of 2023 New 2) Interest rate rises impacting mortgage Bank of England have raised interest rates 13 times since Dec 2021. Our repayment Interest rates has increase to 7% (initially 4%) effecting monthly loan repayments 3) We are reliant on the giving of a small number of givers whose circumstances may change Update: We have 52 regular givers to the general fund and 21 regular givers to pay off the building loan. We will continue to monitor. Questions 4rioNI ||2022 / 23|Value £|Change Vs. 2021|| |---|---|---|---|---| ||Overall income|89,166|+8%|| ||Expenditure|93,567|+11%|| ||- Utilities|5,673|+12%|| **----- Start of picture text -----**
Bank balance (closing balance) Expenditure
80 75.315
Other
2021 2022 2023
70
63.837
Hospitality Expenses
60
Telephone, Broadband and…
48.807
50
43.238 Tech/Online Costs
37.598
40
31.215 Repairs and Maintenance
30
Mortgage Interest
20
Rates, Power and Insurance
10
Salary Costs
0
-
10,000 20,000 30,000 40,000 50,000 60,000 70,000
General Projects
2021 2022
Thousands
**----- End of picture text -----**
Thank you 4rioNI **General Accounts** |||||||**Apr-22**|**May-22**|**Jun-22**|**Jul-22**|**Aug-22**|**Sep-22**|**Oct-22**|**Nov-22**|**Dec-22**|**Jan-23**|**Feb-23**|**Mar-23**|**TOTAL**|**2022**| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||**General**|||Gift Income
Gift Aid
Bank Interest
Other General Income||5,269
-
-
6|5,749
-
-
-|5,095
-
19
-|5,747
3,743
-
-|5,805
-
-
-|5,053
-
60
-|6,278
3,562
-
5|7,061
-
-
2,149|5,862
-
121
41|5,952
-
-
-|5,322
-
-
-|5,938
7,218
171
-|69,129
14,524
371
2,201|66,958
14,517
5
1,119| |||||**Total General Income**||5,275|5,749|5,114|9,490|5,805|5,113|9,845|9,210|6,024|5,952|5,322|13,326|86,224|82,599| |**E**|**Building/Loan**|||Gift Income
Gift Aid
Bank Interest
Other Building/Loan Income||1,752
-
-
-|2,765
-
-
-|1,555
-
-
-|1,455
973
-
-|1,680
-
-
-|2,455
-
-
-|1,725
879
-
-|1,545
-
-
-|1,655
-
-
-|3,373
-
-
-|2,065
-
-
-|1,525
1,875
-
-|23,550
3,727
-
-|41,199
6,315
-
15,000| |**M**||||**Total Building/Loan Income**||1,752|2,765|1,555|2,428|1,680|2,455|2,604|1,545|1,655|3,373|2,065|3,400|27,276|62,514| |**NCO**|**Building Projects**|||Gift Income
Gift Aid
Bank Interest
Other Building Projects Income||-
-
-
-|-
-
-
-|-
-
-
-|-
-
-
-|-
-
-
-|-
-
-
-|-
-
-
-|-
-
-
-|-
-
-
-|-
-
-
-|-
-
-
-|-
-
-
-|-
-
-
-|-
-
-
-| |**I**|**T**|||**otal Building Projects Income**||-|-|-|-|-|-|-|-|-|-|-|-|-|-| ||**Events**|||English Classes
Christmas Events
Silver Lining Events
Easter Events
Church BBQ
Other Events||-
-
-
-
-
-|-
-
-
-
-
740|-
-
-
-
-
70|-
-
-
-
609
10|70
-
-
-
5
25|-
-
-
-
-
172|-
-
-
-
-
50|299
-
-
-
-
280|-
-
-
-
-
-|-
-
-
-
-
70|68
-
-
-
-
1,100|-
-
-
-
-
520|437
-
-
-
614
3,037|-
-
-
-
-
-| |||||**Total Events Income**||-|740|70|619|100|172|50|579|-|70|1,168|520|4,087|-| |||||**TOTAL INCOME**||7,027|9,254|6,739|12,536|7,585|7,740|12,498|11,334|7,679|9,395|8,555|17,247|117,588|145,113| ||**Payroll**|||Salary Costs
Pension Costs||4,293
195|4,525
207|4,525
207|4,525
207|4,525
207|4,525
207|4,525
207|4,525
207|5,125
207|4,525
207|4,525
166|4,525
248|54,667
2,470|51,805
3,209| |**)**||||**Total Payroll Expenditure**||4,488|4,732|4,732|4,732|4,732|4,732|4,732|4,732|5,332|4,732|4,691|4,773|57,137|55,014| |**eneral**|**Utilities**|||Gas
Electricity
Water
Rates
Broadband||299
352
0
-
60|243
323
-
-
57|175
332
-
-
57|220
332
73
-
57|188
342
54
-
57|187
328
-
-
57|182
345
26
-
57|212
326
-
-
57|392
332
-
-
28|533
332
106
-
86|345
332
-
-
28|600
300
-
-
86|3,576
3,977
259
-
688|2,336
2,269
363
-
762| |**G**||||**Total Utilities Expenditure**||712|623|564|682|641|573|610|595|752|1,056|705|986|8,500|5,729| |**URE (**|**Repairs & Maintenance**|||Repairs/Maintenance
Small Capex
Cleaner
Insurance||-
298
120
-|-
89
150
-|-
274
120
-|-
-
120
-|-
324
150
-|-
432
113
-|-
478
150
-|-
106
120
-|-
285
120
-|-
37
150
5,458|-
99
120
-|-
382
120
-|-
2,805
1,553
5,458|-
5,495
1,320
4,891| |**T**|**Total Repair**|||**s & Maintenance Expenditure**||418|239|394|120|474|545|628|226|405|5,645|219|502|9,817|11,706| |**DI**|**Dues and Subscriptions**|||Evangelical Alliance
Quickbooks||-
-|30
-|-
-|-
-|30
-|-
-|-
-|30
-|-
-|-
-|30
-|-
-|120
-|120
-| |**N**|**Total Dues a**|||**nd Subscriptions Expenditure**||-|30|-|-|30|-|-|30|-|-|30|-|120|120| |**PE**|**Finance Costs**|||Bank Charges
Mortgage Interest||8
409|8
376|8
380|8
366|5
376|5
373|5
404|5
431|5
455|5
474|5
495|5
459|72
4,998|108
4,787| |**EX**|**Tot**|||**al Finance Costs Expenditure**||417|384|388|374|381|378|409|436|460|479|500|464|5,070|4,895| ||**General**|||Gifts to speakers
Other general expenses||-
13|-
-|100
-|-
-|-
-|80
-|-
-|100
371|-
-|80
-|-
-|-
-|360
383|220
335| ||**Total Cha**|||**ritable Activities Expenditure**||13|-|100|-|-|80|-|471|-|80|-|-|743|555| ||**TOTAL G**|||**ENERAL EXPENDITURE**||6,048|6,008|6,179|5,908|6,258|6,308|6,378|6,490|6,948|11,992|6,145|6,725|81,387|78,020| ||**Events**|||English Classes
Christmas Events
Silver Lining Events
Easter Events
Church BBQ
Other Events||-
-
-
215
75
205|-
-
-
-
-
61|-
-
-
-
74
159|-
-
-
-
247
180|200
-
-
-
-
17|-
-
-
-
-
4|-
-
-
-
-
275|474
-
-
-
-
75|-
149
171
-
-
-|-
101
-
-
-
-|143
-
-
-
-
-|-
-
-
-
220
-|817
250
171
215
616
975|177
-
132
-
-
543| |**s)**||||**Total Events Expenditure**||495|61|232|427|217|4|275|549|320|101|143|220|3,044|852| |**E (Team**|**Resources/Promotional**|||Postage
Stationery
Literature
Flyers
Banners
Other Resources/Promotional||-
-
150
-
-
-|-
-
-
-
-
-|-
112
-
-
-
-|-
19
113
-
-
-|-
24
-
-
-
-|-
-
-
-
-
-|-
209
-
-
-
-|-
-
-
-
-
-|-
96
-
-
-
-|-
-
-
-
-
-|-
137
-
-
-
-|-
21
-
-
-
-|-
619
263
-
-
-|66
611
30
-
-
-| |**R**|**Total Resour**|||**ces/Promotional Expenditure**||150|-|112|132|24|-|209|-|96|-|137|21|882|707| |**NDITU**|**Hospitality**|||Kitchen Edible Supplies
Cleaning Supplies
Crockery
Small Equipment
Other Hospitality||-
-
-
-
-|-
-
-
-
11|27
-
-
-
89|-
-
-
-
13|36
-
-
-
66|41
-
-
-
53|-
-
-
-
164|-
-
-
-
206|-
-
-
-
-|-
-
-
-
67|91
-
-
-
174|95
-
-
-
343|290
-
-
-
1,186|692
-
-
-
-| |**E**||||**Total Hospitality Expenditure**||-|11|115|13|102|94|164|206|-|67|265|438|1,476|692| |**P**|**Kids/Youth**|||Kids/Youth||-|-|-|-|-|-|78|-|-|73|101|187|438|-| |**EX**||||**Total Kids/Youth Expenditure**||-|-|-|-|-|-|78|-|-|73|101|187|438|-| ||||**Tech**|Web Page
Christian Copyright
Computer Software & Licenses
Equipment
Other Tech||61
-
-
178
-|61
-
-
95
-|118
-
-
-
-|61
-
-
-
-|61
955
-
-
-|61
-
-
1,125
-|61
-
-
-
-|61
-
-
-
-|61
-
-
-
-|61
-
-
-
-|61
-
358
817
-|61
-
-
-
-|787
955
358
2,215
-|713
898
42
4,241
-| |||||**Total Tech Expenditure**||239|156|118|61|1,016|1,186|61|61|61|61|1,236|61|4,316|5,894| ||||**TOT**|**AL TEAM EXPENDITURE**||884|228|578|633|1,359|1,284|786|816|477|302|1,882|927|10,155|8,144| ||||||||||||||||||||| ||||**TOTAL SURPLUS/(DEFICIT)**|||95|3,018|(18)|5,995|(32)|148|5,334|4,028|254|(2,900)|527|9,595|26,046|58,949| ||||||||||||||||||||| ||||||**Depreciation**|(1,567)|(1,601)|(1,645)|(1,645)|(1,645)|(1,645)|(1,645)|(1,672)|(1,672)|(1,672)|(1,672)|(1,672)|(19,751)|-| ||||||||||||||||||||| |||**Accounting Surplus/(Deficit)**||||(1,472)|1,418|(1,662)|4,351|(1,677)|(1,496)|3,689|2,356|(1,418)|(4,572)|(1,145)|7,923|6,294|58,949| **Projects Accounts** ||**Ganeshpur**
**Church**|**Good**
**Shepherd**
**School**|**Hope of**
**Glory**
**Foundation**|**Help Fund**|**Naujavan**|**PFE**|**Appeals**|**Hazel**
**Project**|**Other**|**Total**| |---|---|---|---|---|---|---|---|---|---|---| |Balance B/Fwd|6,430
6,191
381
2,441
27,460
-
(125)
10,940
462|||||||||54,179| |||||||||||| |Gift Income|2,104|363|190|3,068|6,202|-|6,503|13,140|1,181|32,750| |Gift Aid|136|37|48|574|1,064|-|1,137|5|42|3,042| |Bank Interest|44|45|4|18|151|-|-|-|0|264| |Total Income|2,284|445|242|3,660|7,418|-|7,640|13,145|1,222|36,056| |||||||||||| |General|(1,000)|-|(100)|(2,627)|(4,200)|-|(8,249)|(2,135)|(431)|(18,742)| |Bank Charges|(8)|(8)|(8)|(8)|(48)|-|-|-|-|(80)| |Total Expenditure|(1,008)|(8)|(108)|(2,635)|(4,248)|-|(8,249)|(2,135)|(431)|(18,822)| |||||||||||| |Total Surplus/(Deficit)|1,276|437|134|1,024|3,170|-|(609)|11,010|791|17,234| |||||||||||| |Balance C/Fwd|7,706|6,627|515|3,466|30,629|-|(734)|21,950|1,253|71,412| ## **Balance Sheet** |||||**Mar-23**|**Mar-22**|**Change**| |---|---|---|---|---|---|---| ||**Fixed Assets**|Buildings & Capex|Buildings
Fixtures & Fittings
Equipment|883,804
6,816
3,767|902,609
-
-|(18,804)
6,816
3,767| ||||**Total Buildings & Capex**|894,386|902,609|(8,222)| ||||**Total Fixed Assets**|894,386|902,609|(8,222)| |**ASSETS**|**Current Assets**|Cash & Bank|Current A/C - General
Current A/C - Projects
Deposit A/C - General
Deposit A/C - Projects
Cash - English Classes
Cash - BFIT|11,769
17,480
52,069
36,698
464
40|43,585
11,142
31,730
26,456
844
-|(31,816)
6,338
20,339
10,242
(380)
40| ||||**Total Cash & Bank**|118,521|113,758|4,763| |||Debtors|Gift Aid Receivable - General
Gift Aid Receivable - Projects
Small Loans|9,094
1,393
650|6,624
1,320
-|2,470
73
650| ||||**Total Debtors**|11,137
|7,944|3,193| ||||**Total Current Assets**|129,658|121,702|7,956| ||||**Total Assets**|1,024,044|1,024,310|(266)| |||||||| |||Trade Creditors|Accounts Payable|-|-|-| ||||**Total Trade Creditors**|-
|-|-| ||**Current Liabilities**|Other Current Liabilities|Payroll Liabilities|(1,700)|(1,731)|32| ||||**Total Other Current Liabilities**|(1,700)|(1,731)|32| |**Liabilities**||**Total Current Liabilities**||(1,700)|(1,731)|32| ||**Non-Current**
|Mortgage|Stewardship Loan
Other Loan|(98,504)
(10,125)|(120,767)
(11,625)|22,263
1,500| ||**Liabilities**||**Total Mortgage**|(108,629)|(132,392)|23,763| |||**Total**|**Non-Current Liabilities**|(108,629)|(132,392)|23,763| ||||**Total Liabilities**|(110,328)|(134,123)|23,794| |||||||| |||**Net Assets/(Liabilities)**||913,716|890,188|23,528| |||||||| |||Brought Forward|General & Building Fund Reserves
Project Reserves
Retained Earnings|792,320
32,260
65,608|792,320
32,260
-|-
-
65,608| |**Capital and**|**Reserves**||**Total Brought Forward**|890,188
|824,580|65,608| |**Reserves**||Current Year|Surplus/(Deficit) for SLIC
Surplus/(Deficit)for Projects|6,294
17,234|58,949
6,658|(52,655)
10,575| ||||**Total Current Year**|23,528|65,608|(42,079)| ||||**Total Reserves**|913,716|890,188|23,528| ||**Total Capital and Reserves**|||913,716|890,188|23,528|