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2023-12-31-accounts
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Page |
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| Repon ofthe Trustees |
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to |
3 |
| Independent Examiner's Repott |
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4 |
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| Statement ofFinancial Activities |
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5 |
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| Balance Sheet |
6 |
|
7 |
| Notes to the Financial Statements |
8 |
to |
13 |
| Detailed Statement ofFinancial Activities |
14 |
to |
15 |
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Period |
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26.10.21 |
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Year Ended |
to |
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|
|
|
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31.12.23 |
31.12.22 |
|
|
|
|
Unrestricted |
Restricted |
Total |
Total |
|
|
|
|
fund |
fund |
funds |
funds |
|
|
|
Notes |
|
|
|
|
| INCOME AND ENDOWMENTS FROM |
|
|
|
|
|
|
|
| Donations and legacies |
|
|
|
99,615 |
15,586 |
115,201 |
145,316 |
| Other trading activities |
|
|
2 |
7,746 |
|
7,746 |
8,306 |
| Other income |
|
|
|
12,712 |
|
12,712 |
8,221 |
| Total |
|
|
|
120,073 |
15,586 |
135,659 |
161,843 |
| EXPENDITURE |
ON |
|
|
|
|
|
|
| Raising funds |
|
|
|
4,798 |
|
4,798 |
3,485 |
| Charitable activities |
|
|
|
|
|
|
|
| Donations |
|
|
|
12,692 |
15,607 |
28,299 |
45,832 |
| Premises costs |
|
|
|
28,641 |
|
28,641 |
26,393 |
| Othercosts |
|
|
|
3,484 |
|
3,484 |
2,256 |
| Staffcosts |
|
|
|
32,712 |
|
32,712 |
29,511 |
| Administration costs |
|
|
|
2,417 |
|
2,417 |
6,003 |
| Finance costs |
|
|
|
20,966 |
|
20,966 |
25,950 |
| Other |
|
|
|
3,855 |
|
3,855 |
3,425 |
| Total |
|
|
|
109,565 |
15,607 |
125,172 |
142,855 |
| NET INCOME/(EXPENDITURE) |
|
|
|
10,508 |
(21) |
10,487 |
18,988 |
| RECONCILIATION |
|
OF FUNDS |
|
|
|
|
|
| Total funds brought forward |
|
|
|
907,807 |
1,170 |
908,977 |
889,989 |
| TOTAL FUNDS CARRIED FORWARD |
|
|
|
918,315 |
,149 |
919,464 |
908,977 |
|
|
|
|
31.12.23 |
31.12.22 |
|
|
Unrestricted |
Restricted |
Total |
Total |
|
|
fund |
fund |
funds |
funds |
|
Notes |
|
|
|
|
| FIXED ASSETS |
|
|
|
|
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| Tangibleassets |
7 |
|
|
1,413,873 |
1,415,577 |
| CURRENT ASSETS |
|
|
|
|
|
| Stocks |
8 |
900 |
|
900 |
900 |
| Debtors |
9 |
I ,OOO |
|
1,ooo |
5,600 |
Cash
at bank |
|
38,705 |
1,149 |
39,854 |
43,458 |
|
|
40,605 |
1,149 |
41,754 |
49,958 |
| CREDITORS |
|
|
|
|
|
| Amountsfalling due within one year |
10 |
(27,103) |
|
(27,103) |
(27,627) |
| NET CURRENT ASSETS |
|
13,502 |
1,149 |
14,651 |
22,33 1 |
| TOTAL ASSETSLESS CURRENT |
|
|
|
|
|
| LIABILITIES |
|
|
1,149 |
1,428.524 |
1,437,908 |
| CREDITORS |
|
|
|
|
|
| Amountsfalling due after more than one year |
11 |
(509,060 ) |
|
(509,060 ) |
(528,931 ) |
| NET ASSETS |
|
918,315 |
1.149 |
919,464 |
908,977 |
| FUNDS |
13 |
|
|
|
|
| Unrestricted funds |
|
|
|
918,315 |
907,807 |
| Restricted funds |
|
|
|
1,149 |
1,170 |
| TOTAL FUNDS |
|
|
|
9 19,464 |
908,977 |
|
|
|
|
Period |
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|
|
|
26.10.21 |
|
|
|
Year Ended |
to |
|
|
|
31.12.23 |
31.12.22 |
|
Bookshopincome |
|
7,746 |
8,306 |
| 3. |
NET INCOME/(EXPENDITURE) |
|
|
|
|
Net income/(expenditure) |
is stated aftercharging/(crediting): |
|
|
|
|
|
|
Period |
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|
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|
26.10.21 |
|
|
|
Year Ended |
to |
|
|
|
31.12.23 |
31.12.22 |
|
Depreciation
- owned assets |
|
3,855 |
3,425 |
| 4. |
TRUSTEES' REMUNERATIONAND BENEFITS |
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|
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There were no trustees' remuneration or other benefits for the year ended 31 |
|
December 2023. |
|
|
Trustees' expenses |
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|
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There were no trustees' expenses paid for the year ended 31 December 2023. |
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| 5. |
STAFFCOSTS |
|
|
|
|
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|
|
|
Period |
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26.10.21 |
|
|
|
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|
Year Ended |
to |
|
|
|
|
|
|
31.12.23 |
31.12.22 |
|
Pastor |
|
|
|
|
|
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No employees received emoluments |
|
|
in excess ofE60,OOO. |
|
|
|
| 6. |
COMPARATIVES |
|
FOR THE STATEMENT OF FINANCIAL |
|
ACTIVITIES |
|
|
|
|
|
|
|
Unrestricted |
Restricted |
Total |
|
|
|
|
|
fund |
fund |
funds |
|
INCOME AND |
ENDOWMENTS |
|
FROM |
|
|
|
|
Donations and legacies |
|
|
|
101,164 |
44,152 |
145,316 |
|
Other tradingactivities |
|
|
|
8,306 |
|
8,306 |
|
Other income |
|
|
|
8,221 |
|
8,221 |
|
Total |
|
|
|
1 17,691 |
44, 152 |
161,843 |
|
EXPENDITURE |
ON |
|
|
|
|
|
|
Raising funds |
|
|
|
3,485 |
|
3,485 |
| 6. |
COMPARATIVESFOR TIIE STATEMENTOF |
FINANCIAL |
ACTIVITIES |
- |
continued |
|
|
|
|
Unrestricted |
|
Restricted |
Total |
|
|
|
fund |
|
fund |
funds |
|
Charitableactivities |
|
|
|
|
|
|
Donations |
|
2,850 |
|
42,982 |
45,832 |
|
Premises costs |
|
26,393 |
|
|
26,393 |
|
Othercosts |
|
2,256 |
|
|
2,256 |
|
Staffcosts |
|
29,511 |
|
|
29,511 |
|
Administration costs |
|
6,003 |
|
|
6,003 |
|
Finance costs |
|
25,950 |
|
|
25,950 |
|
Other |
|
3,425 |
|
|
3,425 |
|
Total |
|
99,873 |
|
42,982 |
142,855 |
|
NET INCOME |
|
17,818 |
|
1,170 |
18,988 |
|
RECONCILIATIONOF FUNDS |
|
|
|
|
|
|
Total funds brought forward |
|
889,989 |
|
|
889,989 |
|
TOTAL FUNDS CARRIED FORWARD |
|
907,807 |
|
1,170 |
908,977 |
| 7. |
TANGIBLE FIXED ASSETS |
|
|
|
|
|
|
|
Freehold |
Plant and |
|
Office |
|
|
|
propeny |
machinery' |
|
equipment |
Totals |
|
COST |
|
|
|
|
|
|
At I January 2023 |
|
32,550 |
|
852 |
1,433,402 |
|
Additions |
|
|
|
2,151 |
2,151 |
|
At 31 December 2023 |
|
32,550 |
|
3.003 |
I .435.553 |
|
DEPRECIATION |
|
|
|
|
|
|
At I January 2023 |
|
17,655 |
|
170 |
17,825 |
|
Charge for year |
|
3,255 |
|
600 |
3,855 |
|
At 31 December 2023 |
|
20,910 |
|
770 |
21.680 |
|
NET BOOK VALUE |
|
|
|
|
|
|
At 31 December2023 |
|
1 1,640 |
|
2,233 |
1,413,873 |
|
At 31 December2022 |
|
14,895 |
|
682 |
|
| 8. |
STOCKS |
|
|
|
|
31.12.23 |
31.12.22 |
|
Stocks |
900 |
900 |
| 9. |
DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
|
|
31.12.23 |
31.12.22 |
|
Prepayments |
1,000 |
5,600 |
| 10. |
CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
|
|
|
|
31.12.23 |
31.12.22 |
|
Bank loans and overdrafts (see note 12) |
20,045 |
20,045 |
|
Social security and other taxes |
I,430 |
620 |
|
Othercreditors |
141 |
2,463 |
|
Accruals and deferred income |
5,487 |
4,499 |
|
|
27,103 |
27,627 |
| 11. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
|
|
|
|
31.12.23 |
31.12.22 |
|
Bank loans (see note 12) |
509,060 |
528,931 |
| 12. |
LOANS |
|
|
|
An analysis ofthe maturity ofloans is given below: |
|
|
|
|
31.12.23 |
31.12.22 |
|
Amounts falling due within one year on demand: |
|
|
|
Bank loans |
20,045 |
20,045 |
|
Amountsfalling between one and two years: |
|
|
|
Bank loans
-
1-2 years |
20,045 |
20,045 |
|
Amountsfalling due between two and five years: |
|
|
|
Bank loans
- 2-5 years |
60,132 |
60,132 |
|
Amountsfalling due in more than five years: |
|
|
|
Repayable by instalments: |
|
|
|
Bank loans more 5 yr by instal |
428,883 |
448,754 |
| MOVEMENT IN FUNDS |
|
|
|
|
|
Net |
|
|
|
movement |
|
|
At 1.1.23 |
in funds |
31.12.23 |
| Unrestricted funds |
|
|
|
| General fund |
907,807 |
10,508 |
918,315 |
| Restricted funds |
|
|
|
| General Restricted |
1,170 |
(21) |
1,149 |
| TOTAL FUNDS |
908,977 |
10,487 |
9 19,464 |
| Net movement in funds, included in the above are as follows: |
|
|
|
|
Incoming |
Resources |
Movement |
|
resources |
expended |
in funds |
| Unrestricted funds |
|
|
|
| General fund |
120,073 |
(109,565) |
10,508 |
| Restricted funds |
|
|
|
| General Restricted |
15,586 |
(15,607) |
(21) |
| TOTAL FUNDS |
135,659 |
(125,172) |
10,487 |
| Comparatives for movement in funds |
|
|
|
|
|
Net |
|
|
|
movement |
|
|
26.10.21 |
in funds |
31.12.22 |
| Unrestricted funds |
|
|
|
| General fund |
889,989 |
17,818 |
907,807 |
| Restricted funds |
|
|
|
| General Restricted |
|
1,170 |
1,170 |
| TOTAL FUNDS |
889,989 |
18,988 |
908,977 |
|
Incoming |
Resources |
Movement |
|
resources |
expended |
in funds |
| Unrestricted funds |
|
|
|
| General fund |
117,691 |
(99,873 ) |
17,818 |
| Restricted funds |
|
|
|
| General Restricted |
44,152 |
(42,982 ) |
1,170 |
| TOTAL FUNDS |
161,843 |
(142,855) |
18,988 |
Detailed Statement ofFinancial Activities
for the Year Ended 31 December2023 |
|
|
|
|
Period |
|
|
26.10.2 |
|
Year Ended |
to |
|
31.12.23 |
31.12.22 |
| INCOME AND ENDOWMENTS |
|
|
| Donations and legacies |
|
|
| Tithes andofferings |
97,769 |
124,022 |
| Donations |
4,000 |
6,600 |
| Gift aid |
13,432 |
14,694 |
|
115,201 |
145,316 |
| Other trading activities |
|
|
| Bookshop income |
7,746 |
8,306 |
| Other income |
|
|
| Room hire |
12,712 |
8,221 |
| Total incoming resources |
135,659 |
161,843 |
| EXPENDITURE |
|
|
| Other trading activities |
|
|
| Bookshop purchases |
4,798 |
3,485 |
| Charitable activities |
|
|
| Wages |
31,986 |
28,700 |
| Pensions |
726 |
811 |
| Rates and water |
1,331 |
3,127 |
| Insurance |
4,263 |
3,944 |
| Light and heat |
14,038 |
13,721 |
| Telephone |
1,134 |
751 |
| Postage and stationery |
I ,042 |
905 |
| Sundries |
10 |
|
| Gifts and donations |
17,512 |
45,832 |
| Cleaning |
843 |
665 |
| Legal and professional fees |
|
3,358 |
| Repairs and renewals |
7,032 |
4,936 |
| Speaker costs |
I,040 |
620 |
| Children's ministry |
185 |
I,394 |
| Catering costs |
2,259 |
242 |
| Licences and permits |
843 |
|
| Computercosts |
247 |
85 |
| Website costs |
125 |
100 |
| Tithe allocations |
10,787 |
|
| Staff training |
150 |
|
|
95,553 |
109,995 |
Detailed Statement ofFinancial Activities
for the Year Ended 3 1 December2023 |
|
|
|
|
|
Period |
|
|
|
|
26.10.2 |
|
Year Ended |
to |
|
|
31.12.23 |
31.12.22 |
|
| Support costs |
|
|
|
| Finance |
|
|
|
| Bank charges |
|
4,598 |
|
| Bank interest |
|
2 |
|
| Bank loan interest |
20,966 |
21,350 |
|
|
20,966 |
25,950 |
|
| Other |
|
|
|
| Plant and machinery |
3,855 |
3,425 |
|
| Total resources expended |
125,172 |
142,855 |
|
| Net income |
10,487 |
18,988 |
|