|||Page||
|---|---|---|---|
|Repon ofthe Trustees||to|3|
|Independent Examiner's Repott||4||
|Statement ofFinancial Activities||5||
|Balance Sheet|6||7|
|Notes to the Financial Statements|8|to|13|
|Detailed Statement ofFinancial Activities|14|to|15|
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||||||||Period|
|---|---|---|---|---|---|---|---|
||||||||26.10.21|
|||||||Year Ended|to|
|||||||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||||||
|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|
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|||||Period|
|---|---|---|---|---|
|||||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|
|||||26.10.21|
||||Year Ended|to|
||||31.12.23|31.12.22|
||Depreciation
- owned assets||3,855|3,425|
|4.|TRUSTEES' REMUNERATIONAND BENEFITS||||
||There were no trustees' remuneration or other benefits for the year ended 31||December 2023.||
||Trustees' expenses||||
||There were no trustees' expenses paid for the year ended 31 December 2023.||||
|5.|STAFFCOSTS||||
||||||||Period|
|---|---|---|---|---|---|---|---|
||||||||26.10.21|
|||||||Year Ended|to|
|||||||31.12.23|31.12.22|
||Pastor|||||||
||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||