2022-12-31-accounts - American International Church

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Report ofthe Trustees
Independent Examiner's Report
Statement ofFinancial Activities
Statement ofFinancial Position	4	to	5
Statement ofCash Flows
Notes to the Statement ofCash Flows
Notes to the Financial Statements	8	to	13
Detailed Statement ofFinancial Activities		14

Statement ofFinancial Posidon 31December 2022
				31.12.22	31.12.21
		Unrestricted	Restricted	Total	Total
		funds	fund	funds	funds
	Notes				8
FIXEDASSETS
Tangible assets		181,012		181,012	181,012
Investments		1,016,386		1,016,386	987,859
		1,197,398		1,197,398	1,168,871
CURRENT ASSETS
Debtors		50,282		50,282	36,571
Cash atbank		123,450	32,507	155,957	101,715
		173,732	32,507	206,239	138,286
CREDITORS
Amounts iaiiing due wiYhin one year				/1A C1CX tl't J!JJ	(1A C1C'I tl d 4r
NET CURRENT ASSETS		159,217	32,507	191,724	123,771
TOTAL ASSETSLESSCURRENT
LIABILITIES		1,356,615	32,507	1,389,122	1,292,642
CREDITORS
Amounts falling due after more than one year	11	(33,000)		(33,000)	(33,000)
NET ASSETS		1,323,615	32,507	1,356,122	1,259,642
FUNDS	12
Unrestricted funds				1,323,615	1,245,265
Resuicted funds				32,507	14,377
TOTAL FUNDS				1,356,122	1,259,642

Statement ofCash Flows
for the Y Ended 31 December 2022
			31.12.22	31.12.21
		Notes	8
Cash flows from operating	activities
Cash generated from operations			82,769	(83,640)
Net cash provided by/(used	in) operating	activities	82,769	(83,640)
Cash flows from investing	activities
Purchase offinancial investments			(28,527)
Saleoffinancial investments				60,728
Net cash (used in)/provided	by investing	activities	(28,527)	60,728
Change in cash and cash equivalents the reporting period		in	54,242	(22,912)
Cash and cash equivalents	at the
beginning ofthe reporting	period		101,715	124,627
Cash and cash equivalents	at the end	of
tbe reporting period			155,957	101,715

RECONCILIATION OFNKT INCOME/(EXPENDITURE)	TO NKT CASH FLOW FROM
OPERATING ACTIVITIES
	31.12.22	31.12.21
Net income/(expenditure) for the reporting period (asper the Statement ofFinancial Activities) Adjustments for:	96,480	(106,281)
(Increase)/decrease in debtors	(13,7]1)	27,446
Decrease in creditors		(4,805)
Net cash provided by/(used in) operations	82,769	(83,640)

COMPARATIVKS FOR THE STATEMENT OFFINANCIAL ACTIVITIES	COMPARATIVKS FOR THE STATEMENT OFFINANCIAL ACTIVITIES	COMPARATIVKS FOR THE STATEMENT OFFINANCIAL ACTIVITIES	COMPARATIVKS FOR THE STATEMENT OFFINANCIAL ACTIVITIES
			Unrestricted	Restricted	Total
			funds	fund	funds
INCOME	AND ENDOWMENTS FROM
Donations	and legacies		333,459	9,229	342,688
Investment	income		15,901		15,901
Total			349,360	9,229	358,589
EXPENDITURE ON
Charitable	activities
Charitable	Activities		464,870		464,870
NET INCOME/(EXPENDITURE)			(115,510)	9,229	(106,281)
RECONCILIATION		OF FUNDS
Total funds	brought forward		1,360,775	5,148	1,365,923

6.	COMPARATIVES FOR	THE STATEMENT OFFINANCIAL ACTIVITIES -continued	THE STATEMENT OFFINANCIAL ACTIVITIES -continued	THE STATEMENT OFFINANCIAL ACTIVITIES -continued
			Unrestricted	Restricted	Total
			funds	fund	funds
			E
	TOTAL FUNDS CARRIED FORWARD		1,245,265	14,377	1,259,642
7.	TANGIBLE FIXED ASSETS
					Long
					leasehold
	COST
	At 1 January 2022 and 31	December 2022			181,012
	NET BOOKVALUE
	At 31December 2022				181,012
	At 31December 2021				181,012
8.	FIXEDASSETINVESTMENTS
					Listed
					investments
	MARKET VALUE
	At 1January 2022				987,859
	Additions				28,527
	At 31December 2022				1,016,386
	NETBOOKVALUE
	At31 December2022				1,016,386
	At 31December 2021				987,859
	There were no investment	assets outside the UK.
9.	DEBTORS:AMOUNTS	FALLING DUE WITHIN ONE YEAR
				31.12.22	31.12.21
				f
	Trade debtors			33,815	24,815
	Other debtors			16,467	11,756
				50,282	36,571

for t	he Year End 1 December 2	022	022
10.	CREDITORS: AMOUNTS	FALLING DUE WITHIN ONE		YEAR
						31.12.22	31.12.21
	Trade creditors					14,515	14,515
11.	CREDITORS: AMOUNTS	FALLING DUE AFTERMORE		THAN	ONE YEAR
						31.12.22	31.12.21
	Other creditors					33,000	33,000
12.	MOVEMENT IN FUNDS
						Net
						movbment	At
				At 1.1.22		in funds	31.12.22
	Unrestricted funds
	General fund			1,245,265		78,350	1,323,615
	Restricted funds
	Restricted Fund				14,377	18,130	32,507
	TOTAL FUNDS			1,259,642		96,480	1,356,122
	Net movement in funds, included		in the above are as follows:
				Incoming		Resources	Movement
				resources		expended	in funds
					6
	Unrestricted funds
	General fund			597,650		(519,300)	78,350
	Restricted funds
	Restricted Fund			18,130			18,130
	TOTAL FUNDS			615,780		(519,300)	96,480
	Comparatives for movement	in	funds
						Net
						movement	At
				At	1.1.21	in funds	31.12.21
	Unrestricted funds
	General fund			1,360,775		(115,510)	1,245,265
	Restricted funds
	Restricted Fund				5,148	9,229	14,377
	TOTAL FUNDS			1,365,923		(106,281)	1,259,642

		Incoming	Resources	Movement
		resources	expended	in funds
		8
Unrestricted	funds
General fund		349,360	(464,870)	(115,510)
Restricted funds
Restricted Fund		9,229		9,229
TOTAL FUNDS		358,589	(464870)	(106281)
A current year	12months	and prior year 12months combined position is as follows:
			Net
			movement	At
		At 1.1.21	in funds	31.12.22
Unrestricted	funds
General fund		1,360,775	(37,160)	1,323,615
Restricted funds
Restricted Fund		5,148	27,359	32,507
TOTAL FUNDS		j,365,923	s,801i	1,356,122

Detailed tate ent for the Y r Ended	ofFinsnc al Activities 31 December 2022
		31.12.22	31.12.21
INCOME AND ENDOWMENTS
Donations and legacies Donations latchcourt		355,421	193,626
Donations		115,860	139,833
Gifts - Restricted		18,130	9,229
		489,411	342,688
Investment income
Investment Income		20,570	15,901
Other income
Insurance Proceeds		105,799
Total incoming resources		615,780	358,589
EXPENDITURE
Charitable activities
Bank Charges Activities		1,370 60,397	140 39,754
Church		98,438	145,166
Insurance		10,583	13,668
Travelling		6,977	3,760
Office Expenses		35,922	17,595
Legal Fees Manse 1 - Parkhill		10,061 3,948	10,656 17,985
Manse - Stuart Tower		7,362	4,938
Oifice Equipment	Maintainence	2,087	888
Personnel		281,966	209,475
Health ttt Safety		189	845
		519,300	464,870
Total resources expended		519,300	464,870
Net income/(expenditure)		96,480	(106481)