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2022-03-31-accounts
| INDEX |
|
|
Page |
| Annual Report |
1-12 |
| Independent Auditors' Report |
13-15 |
| StatementofFinancial Activities |
16 |
| Balance Sheet |
17 |
| Statement of Cash Flows |
18 |
| Notes to theAccounts |
19-33 |
|
|
Unrestricted |
Restricted |
Endowment |
2022 |
2021 |
|
|
Funds |
**Funds ** |
Funds |
Total |
Total |
|
**Notes ** |
£ |
£ |
f |
£ |
£ |
| INCOME FROM: |
|
|
|
|
|
|
| Donations and legacies |
|
1,101,303 |
240,031 |
|
1,341,334 |
1,540,745 |
| Charitable activities |
|
77,920 |
|
|
77,920 |
71,009 |
| Other trading activities |
|
11,241 |
|
|
**11,241 ** |
**2,660 ** |
| Investments |
4 |
18,427 |
476 |
4,230 |
**23,133 ** |
**22,714 ** |
| Total Income |
|
1,208,891 |
240,507 |
4 230 |
**1,453,628 ** |
1,637,128 |
| EXPENDITURE ON: |
|
|
|
|
|
|
| Raising Funds |
5 |
96,807 |
|
|
**96,807 ** |
48,232 |
| Charitable Activities |
6 |
1,293,903 |
246,841 |
|
**1,540,744 ** |
1,453,135 |
| Total Expenditure |
|
1,390,710 |
246,841 |
|
1,637,551 |
**1,501,367 ** |
| NetIncome/(Expenditure) |
|
|
|
|
|
|
| before gains/(losses) on |
|
|
|
|
|
|
| Investments |
9 |
(181,819) |
(6,334) |
4,230 |
**(183,923) ** |
135,761 |
| Other Recognised Gains |
|
|
|
|
|
|
| and Losses |
|
|
|
|
|
|
| Netgains/(losses)on |
|
|
|
|
|
|
| Investments |
13 |
97,005 |
1,004 |
8,919 |
**106,928 ** |
**177,184 ** |
| NetIncome/(Expenditure) |
|
(84,814) |
(5,330) |
13,149 |
(76,995) |
312,945 |
| Transfersbetweenfunds |
|
|
|
|
|
|
| NetMovementinFunds |
|
(84,814) |
(5,330) |
13,149 |
**(76,995) ** |
312,945 |
| Fundbalancesbrought |
|
|
|
|
|
|
| forward |
|
1,289,884 |
93,886 |
70,583 |
**1,454,353 ** |
**1,141,408 ** |
| Fund balancescarried |
|
|
|
|
|
|
| forward |
|
£1,205,070 |
£88,556 |
£83/32 |
£1,377,358 |
**£1,454,353 ** |
|
|
2022 |
2022 |
2021 |
2021 |
|
**Notes ** |
£ |
£ |
£ |
£ |
| FIXED ASSETS |
|
|
|
|
|
| Tangible Assets |
11 |
|
14,792 |
|
11,994 |
| Intangible Assets |
12 |
|
26,981 |
|
38,949 |
| Investments |
13 |
|
8991698 |
|
7861512 |
|
|
|
941,471 |
|
837,455 |
| CURRENT ASSETS |
|
|
|
|
|
| Stocks |
|
29,050 |
|
29,966 |
|
| Debtors |
14 |
66,087 |
|
79,372 |
|
| Cash Deposits |
|
194,502 |
|
194,103 |
|
| CashatBank and in Hand |
|
2711942 |
|
4091442 |
|
|
|
561,581 |
|
712,883 |
|
| **Creditors: Amountsfalling ** |
|
|
|
|
|
| **duewithinoneyear ** |
15 |
(125,694) |
|
(95,985) |
|
| **NetCurrent Assets ** |
|
|
435,887 |
|
616,898 |
Total Assetsless Current
**Liabilities ** |
|
|
£1,377,358 |
|
£1,454,353 |
| Funds |
|
|
|
|
|
| CapitalFunds |
|
|
|
|
|
| Endowments |
17 |
|
83,732 |
|
70,583 |
| IncomeFunds |
|
|
|
|
|
| RestrictedFunds |
18 |
|
88,556 |
|
93,886 |
Unrestricted
Funds: |
|
|
|
|
|
Designated
Fund |
19 |
669,790 |
|
691,994 |
|
General
Fund |
|
5351280 |
|
5971890 |
|
|
|
|
1,205,070 |
|
1,289,884 |
|
|
|
£1,377,358 |
|
£1,454,353 |
|
2022 |
2022 |
2022 |
2021 |
2021 |
|
£ |
|
£ |
£ |
£ |
| CASHFLOWSFROM OPERATING |
|
|
|
|
|
| ACTIVITIES |
|
|
|
|
|
| Net income/( expenditure) for the year |
(76,995) |
|
|
312,945 |
|
| Adjustments for: |
|
|
|
|
|
| Depreciation charges |
7,658 |
|
|
7,285 |
|
| Loss on disposal of fixed assets |
|
25 |
|
|
|
| Amortisation charges |
11,969 |
|
|
11,969 |
|
| Interest |
(23, |
133) |
|
(22,714) |
|
| Accumulated income |
{6,258) |
|
|
(5,801) |
|
| (Gains)/losses on investments |
(106,928) |
|
|
(177,184) |
|
| (Increase)/decreaseinstocks |
|
916 |
|
3,245 |
|
| (Increase)/decreaseindebtors |
13,285 |
|
|
(30,148) |
|
| Increase/(decrease)increditors |
29,709 |
|
|
(30!979) |
|
| **NET CASH PROVIDEDBY(USED ** |
|
|
(149,752) |
|
68,618 |
| IN)OPERATING ACTIVITIES |
|
|
|
|
|
| CASH FLOWS FROM INVESTING |
|
|
|
|
|
| ACTIVITIES |
|
|
|
|
|
| Interestanddividendsreceived |
23,133 |
|
|
22,714 |
|
| Purchaseoftangiblefixedassets |
(10,482) |
|
|
(7,434) |
|
| Purchaseofintangible fixedassets |
|
|
|
|
|
| Purchaseofinvestments |
|
|
|
|
|
| NET CASH(USED IN)PROVIDED |
|
|
12,651 |
|
|
| **BY INVESTING ACTIVITIES ** |
|
|
|
|
15,280 |
| Changeincashandcash equivalentsin |
|
|
(137, 101) |
|
|
| theyear |
|
|
|
|
83,898 |
| Cashandcashequivalentsat the |
|
|
|
|
|
| beginningoftheyear |
|
|
603,545 |
|
519,647 |
Cash andcashequivalentsattheend
oftheyear |
|
|
£466,444 |
|
£603,545 |
|
Total |
**Total ** |
|
2022 |
2021 |
|
£ |
£ |
| BankInterest |
730 |
1,575 |
| IncomefromFixedAssetInvestments |
221403 |
21£139 |
|
£23)33 |
£22£714 |
| AISING FUNDS |
|
|
|
**Total ** |
Total |
|
2022 |
2021 |
|
£ |
£ |
| DirectStaffCosts |
62,748 |
27,308 |
| OtherDirectCosts |
4,454 |
3,175 |
| SupportCosts (SeeNote 7) |
29,605 |
17749 |
|
£96,807 |
£48,232 |
| Allcostsofraisingfundsareunrestricted. |
|
|
|
|
|
|
|
Total |
Total |
|
|
|
|
|
2022 |
2021 |
|
|
|
|
|
£ |
£ |
|
Direct Staff Costs |
|
|
|
906,067 |
771,664 |
|
Other Direct Costs |
|
|
|
207,190 |
179,937 |
|
Support Costs (See Note 7) |
|
|
|
427,487 |
501,534 |
|
|
|
|
|
£1,540,744 |
|
| 7. |
SUPPORT COSTS |
|
|
|
|
|
|
|
|
Raising |
Charitable |
Total |
Total |
|
|
|
Funds |
**Activities ** |
2022 |
2021 |
|
|
|
£ |
£ |
f |
£ |
|
StaffCosts |
|
11,882 |
171,581 |
183,463 |
219,827 |
|
Premises Costs |
|
6,674 |
96,367 |
103,041 |
108,648 |
|
OfficeCosts |
|
2,421 |
34,951 |
37,372 |
38,623 |
|
Governance |
|
275 |
3,975 |
4,250 |
4,249 |
|
OtherCosts |
|
8,353 |
120,613 |
128,966 |
1471936 |
|
|
|
£29,605 |
£427,487 |
£457,092 |
£519,283 |
| 8. |
**STAFFCOSTS ** |
|
|
|
|
|
|
|
|
|
|
**Total ** |
Total |
|
|
|
|
|
2022 |
2021 |
|
|
|
|
|
£ |
f |
|
GrossSalaryCosts |
|
|
|
960,067 |
854,471 |
|
NICEmployer's |
|
|
|
101,169 |
83,953 |
|
PensionEmployer's |
|
|
|
91,042 |
80 374 |
|
|
|
|
|
£1,152,278 |
£1,018,798 |
|
The averageheadcount |
duringtheyearwas: |
|
|
22.5 |
21.3 |
|
Theaveragenumber |
ofstaff(fulltimeequivalent)duringthe |
|
|
|
|
|
yearwas: |
|
|
|
20.4 |
19.3 |
|
ThetotalemployeebenefitsoftheKeyManagementPersonnelof |
|
|
|
|
|
|
theCharity,defined |
as |
theSeniorManagementTeam as |
|
|
|
|
identifiedintheTrusteeReportwere: |
|
|
|
£553,954 |
|
|
|
|
**Total ** |
Total |
|
|
|
2022 |
2021 |
| £60,001 |
- |
£70,000 |
2 |
1 |
| £70,001 |
- |
£80,000 |
1 |
|
| £80,001 |
- |
£90,000 |
|
1 |
| £90,001 |
- |
£100,000 |
1 |
|
| hisisstated after charging: |
|
|
|
**Total ** |
Total |
|
2022 |
2021 |
|
£ |
£ |
| Auditors'remuneration |
|
|
| Statutoryaudit-currentyear |
3,650 |
3,350 |
| Depreciation |
7,658 |
7,285 |
| Amortisation |
11,969 |
11l969 |
|
Fixtures & |
Office |
Computer |
|
|
Fittings |
Equipment |
**Equipment ** |
Total |
|
£ |
£ |
£ |
£ |
| Cost |
|
|
|
|
| At start of year |
17,586 |
35,003 |
30,251 |
82,840 |
| Additions |
|
3,492 |
6,990 |
10,482 |
| Disposals |
|
|
(505} |
{505} |
| At31stMarch2022 |
17,586 |
38,495 |
36,736 |
92,817 |
| Depreciation |
|
|
|
|
| At start of year |
16,945 |
34,261 |
19,640 |
70,846 |
| Charge for the year |
135 |
619 |
6,904 |
7,658 |
| Disposals |
|
|
(479} |
{479} |
| At3ptMarch2022 |
17,080 |
34,880 |
26,065 |
78,025 |
| **Net Book Values ** |
|
|
|
|
| At31stMarch2022 |
£506 |
£3,615 |
£10,671 |
£14,792 |
| At1stApril2021 |
£641 |
£742 |
£10,611 |
£11,994 |
|
CRM System |
|
£ |
| Cost |
|
| Atstartofyear |
59,843 |
| Additions |
|
| Disposals |
|
| At31stMarch2022 |
59 843 |
| Amortisation |
|
| At startofyear |
20,893 |
| Chargefortheyear |
11,969 |
| Disposals |
|
| At3ptMarch2022 |
32,862 |
| NetBookValues |
|
| At3ptMarch2022 |
£26,981 |
| AtptApril2021 |
£38,949 |
| **IXED ASSETS- INVESTMENTS ** |
|
|
|
|
|
|
|
|
|
Total |
**Total ** |
|
|
|
|
2022 |
2021 |
|
|
|
|
£ |
£ |
| Market Value |
|
|
|
|
|
| At151April 2021 |
|
|
|
786,512 |
603,527 |
| Purchases |
|
|
|
6,258 |
5,801 |
| Disposals |
|
|
|
|
|
| Gains_I_(Losses) |
|
|
|
106,928 |
1771184 |
| At3!51March 2022 |
|
|
|
£899,698 |
£786,512 |
|
|
2022 |
|
2021 |
|
|
|
|
Market |
|
Market |
|
Cost |
|
**Value ** |
Cost |
Value |
|
f |
|
£ |
f |
£ |
| BlackRock Charites UKEquity |
89,133 |
|
144,787 |
89,133 |
134,451 |
| M&GCharifund |
144,826 |
|
157,054 |
138,568 |
139,461 |
| CCLACOIF |
126,500 |
|
190,859 |
126,500 |
175,633 |
| Epworth AIF |
78,986 |
|
86,646 |
78,986 |
80,553 |
| SarasinAlphaCIF |
126,500 |
|
168,411 |
126,500 |
164,019 |
| Endava pie |
31,723 |
|
151,941 |
31£723 |
92£395 |
|
£597,668 |
|
£899,698 |
£591!410 |
£786£512 |
| DEBTORS |
|
|
|
Total |
Total |
|
2022 |
2021 |
|
£ |
f |
| **DueWithinOneYear ** |
|
|
| TradeDebtors |
19,400 |
200 |
| Prepaymentsandaccruedincome |
39,504 |
74,988 |
| OtherDebtors |
7,183 |
4184 |
|
£66,087 |
£79,372 |
|
**Total ** |
**Total ** |
|
2022 |
**2021 ** |
|
£ |
£ |
| Trade Creditors |
28, 191 |
7,705 |
| PAYEand Social Security costs |
29,150 |
26,896 |
| Accruals andDeferredIncome |
68,353 |
61,384 |
|
£125,694 |
£95,985 |
|
£ |
| Asatt5tApril2021 |
10,487 |
| Released to the StatementofFinancial Activities |
(10,487) |
| Deferred in thecurrentyear |
32,083 |
| Asat31stMarch2022 |
£32,083 |
| 2022 |
|
|
Movement |
in Funds |
|
|
|
|
Balanceat1st |
|
|
|
Balanceat31st |
|
|
April2021 |
**Income ** |
Gains/ |
|
**March2022 ** |
|
|
|
|
(Losses) |
**on ** |
|
|
|
|
|
**Investments ** |
|
|
|
|
£ |
£ |
|
£ |
£ |
| Endowment |
Fund&Legacy |
|
|
|
|
|
| Contingency |
Fund |
70,583 |
4,230 |
8,919 |
|
83,732 |
|
|
£70,583 |
£4,230 |
£8,919 |
|
£83,732 |
| 2021 |
|
|
Movement |
in Funds |
|
|
|
|
Balanceat1st |
|
|
|
Balanceat31st |
|
|
April2020 |
Income |
Gains/ |
|
March 2021 |
|
|
|
|
(Losses) |
on |
|
|
|
|
|
**Investments ** |
|
|
|
|
£ |
£ |
|
£ |
£ |
| Endowment |
Fund&Legacy |
|
|
|
|
|
| Contingency |
Fund |
49,904 |
3,172 |
17,507 |
|
70,583 |
|
|
£49,904 |
£3,172 |
£17,507 |
|
£70,583 |
2022 |
|
|
|
|
|
|
Balanceat |
Income |
Expenditure |
Transfers/ |
Balanceat |
|
1stApril |
|
|
Gains on |
31stMarch |
|
2021 |
|
|
Investments |
2022 |
|
£ |
£ |
£ |
£ |
£ |
| Principaltrustfunds |
|
|
|
|
|
| Dick Bird Fund |
71948 |
476 |
(41919) |
11004 |
41509 |
|
7,948 |
476 |
(4,919) |
1,004 |
4,509 |
| Otherfunds |
|
|
|
|
|
| Imagine Project |
|
7,681 |
(7,681) |
|
|
| The Workplace |
|
24,630 |
(24,630) |
|
|
| Bible&Culture |
|
17,150 |
(17,150) |
|
|
| CRMSystem |
26,503 |
|
(26,503) |
|
|
SustainingTransformative
Disciples |
40,265 |
156,200 |
(155,640) |
|
40,825 |
| GrowingontheFrontline |
191170 |
34,370 |
(10,318~ |
|
43,222 |
|
85,938 |
240,031 |
(241,922) |
|
84,047 |
|
£93,886 |
£240,507 |
£(2461841) |
£1,004 |
£88,556 |
2021 |
|
|
|
|
|
|
Balanceat |
Income |
Expenditur |
Transfers/ |
Balanceat |
|
1stApril |
|
e |
Gainson |
31stMarch |
|
2020 |
|
|
Investments |
2021 |
|
£ |
£ |
£ |
£ |
£ |
| Principaltrustfunds |
|
|
|
|
|
| DickBirdFund |
91140 |
581 |
(41979) |
31206 |
7!948 |
|
9,140 |
581 |
(4,979) |
3,206 |
7,948 |
| Otherfunds |
|
|
|
|
|
| ImagineProject |
|
27,926 |
(27,926) |
|
|
| TheWorkplace |
|
18,353 |
(18,353) |
|
|
| Bible&Culture |
|
18,215 |
(18,215) |
|
|
| CRMSystem |
56,524 |
|
(30,021) |
|
26,503 |
SustainingTransformative
Disciples |
57,430 |
135,310 |
(152,475) |
|
40,265 |
| GrowingontheFrontline |
|
35/12 |
(161542} |
|
191170 |
|
113,954 |
235,516 |
(263,532) |
|
85,938 |
|
£1231094 |
£236,097 |
£(268!511) |
£3£206 |
£931886 |
2022 |
**Balanceat ** |
Income |
Utilised |
Transfers/ |
Balance at |
|
31stMarch |
And New |
During |
Gains on |
31stMarch |
|
2021 |
**Allocations ** |
Year |
Investments |
2022 |
|
£ |
£ |
£ |
£ |
£ |
ResourceDevelopment
&Infrastructure |
375,000 |
125,000 |
|
|
500,000 |
SettingGod'sPeople
Free Project |
150,000 |
|
(150,000) |
|
|
| PremisesReserve |
125,000 |
|
|
|
125,000 |
| StaffRecruitment |
30,000 |
|
|
|
30,000 |
| FixedAssetFund |
11,994 |
2,796 |
|
|
14,790 |
|
£691,994 |
£127,796 |
£(150,000) |
|
£669,790 |
2021 |
Balanceat |
Income |
Utilised |
Transfers/ |
Balance at |
|
ptApril |
AndNew |
During |
Gainson |
31stMarch |
|
2020 |
Allocations |
Year |
Investments |
2021 |
|
£ |
£ |
£ |
£ |
£ |
| Baker Fund |
10,007 |
636 |
(14,154) |
3,511 |
|
Resource Development&
Infrastructure |
250,000 |
125,000 |
|
|
375,000 |
Setting God's People Free
Project |
150,000 |
|
|
|
150,000 |
| Premises Reserve |
125,000 |
|
|
|
125,000 |
| Staff Recruitment |
60,000 |
|
(30,000) |
|
30,000 |
| Fixed Asset Fund |
111845 |
149 |
|
|
111994 |
|
£6061852 |
£1251785 |
£{44(154) |
£31511 |
£6911994 |
|
Unrestricted |
Restricted |
Endowment |
|
|
Funds |
Funds |
Funds |
Total |
|
£ |
£ |
£ |
£ |
| Fundbalancesat31stMarch |
|
|
|
|
| 2022are representedby |
|
|
|
|
| TangibleFixedAssets |
14,792 |
|
|
14,792 |
| IntangibleFixedAssets |
26,981 |
|
|
26,981 |
| Investments |
811,457 |
4,509 |
83,732 |
899,698 |
| NetCurrentAssets |
351,840 |
84,047 |
|
435,887 |
| NetTotalNetAssets |
£1,205,070 |
£88,556 |
£83,732 |
£1,377,358 |
|
**Unrestricted ** |
Restricted |
**Endowment ** |
|
|
Funds |
Funds |
**Funds ** |
**Total ** |
|
£ |
£ |
£ |
£ |
| Fundbalancesat 31stMarch |
|
|
|
|
| 2021 arerepresented by |
|
|
|
|
| Tangible Fixed Assets |
11,994 |
|
|
11,994 |
| Intangible Fixed Assets |
38,949 |
|
|
38,949 |
| Investments |
707,981 |
7,948 |
70,583 |
786,512 |
| NetCurrentAssets |
5301960 |
85!938 |
|
616l898 |
| NetTotal NetAssets |
fll289l884 |
£93,886 |
£70,583 |
£1,454,353 |
|
Land and |
Buildings |
|
|
**2022 ** |
**2021 ** |
|
|
£ |
£ |
|
| £ |
Nil |
£ |
Nil |
|
|
**Unrestricted ** |
Restricted |
**Endowment ** |
2021 |
2020 |
|
|
Funds |
**Funds ** |
**Funds ** |
Total |
**Total ** |
|
**Notes ** |
f |
f |
f |
f |
£ |
| INCOME FROM: |
|
|
|
|
|
|
| Donations and legacies |
|
1,305,229 |
235,516 |
|
1,540,745 |
1,306,887 |
| Charitable activities |
|
71,009 |
|
|
**71,009 ** |
152,942 |
| Other trading activities |
|
2,660 |
|
|
2,660 |
39,779 |
| Investments |
4 |
18,961 |
581 |
3,172 |
22,714 |
24,396 |
| Total Income |
|
1,397,859 |
236,097 |
3172 |
1,637,128 |
1,524,004 |
| EXPENDITUREON: |
|
|
|
|
|
|
| Raising Funds |
5 |
48,232 |
|
|
48,232 |
98,129 |
| Charitable Activities |
6 |
1,184,624 |
268,511 |
|
1,453,135 |
**1,407,645 ** |
| TotalExpenditure |
|
1,232,856 |
268,511 |
|
**1,501,367 ** |
1,505,774 |
| NetIncome/(Expenditure) |
|
|
|
|
|
|
| beforegains/(losses)on |
|
|
|
|
|
|
| Investments |
9 |
165,003 |
{32,414) |
3,172 |
135,761 |
18,230 |
| OtherRecognised Gains |
|
|
|
|
|
|
| **and Losses ** |
|
|
|
|
|
|
| Netgains/(losses)on |
|
|
|
|
|
|
| Investments |
13 |
156,471 |
3,206 |
17,507 |
**177,184 ** |
(66,087) |
| NetIncome/(Expenditure) |
|
321,474 |
{29,208) |
20,679 |
312,945 |
**(47,857) ** |
| Transfersbetweenfunds |
|
|
|
|
|
|
| NetMovementinFunds |
|
321,474 |
(29)08) |
20,679 |
**312,945 ** |
**(47,857) ** |
Fundbalancesbrought
forward |
|
968,410 |
123,094 |
49,904 |
1,141,408 |
**1,189,265 ** |
Fundbalancescarried
forward |
|
£1,289,884 |
£93,886 |
£70,583 |
**H,454,353 ** |
£1,141,408 |