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|||Page|
|---|---|---|
|Annual
Report||1—14|
|Independent
Auditors'|Report|15-18|
|Statement of Financial|Activities|19|
|Balance Sheet||20|
|Statement ofCash Flows||21|
|Notes tothe Accounts||22-35|
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||||Unrestricted|Restricted|Endowment|2023|2022|
|---|---|---|---|---|---|---|---|
||||Funds|Funds|Funds|Total|Total|
|||Notes|I|6|I|6|6|
|INCOME FROM:||||||||
|Donabons
and legacies|||1,666,071|221,599||1,887,670|1,341,334|
|Charitable
activities|||102,262|||102,262|77,920|
|Other trading
activities|||31,305|||31,305|11,241|
|Investments||4|22,055|281|5,216|27,552|23,133|
|Total Income|||1,821,693|221,880|5,216|2,048,789|1,453,628|
|EXPENDITURE ON:||||||||
|Raising
Funds||5|89,828|||89,828|96,807|
|Charitable
Activities||6|1,587,104|310,215||1,897,319|1,540,744|
|Total Expenditure|||1,676,932|310,215||1,987,147|1,637,551|
|Net Income/(Expenditure)||||||||
|before gains/(losses)|on|||||||
|Investments||9|144,761|(88,335)|5,216|81,642|(183,923)|
|Other Recognised|Gains|||||||
|and Losses||||||||
|Net gains/(losses)
on||||||||
|Investments||13|(99,697)|(221)|(4,110)|(104,028)|106,928|
|Net Income/(Expenditure)|||45,064|(88,556)|1,106|(42,386)|(76,995)|
|Transfers
between|funds|||||||
|Net Movement
in Funds|||45,064|(86,556)|1,106|(42,386)|(76,995)|
|Fund balances
brought||||||||
|forward|||1,205,070|88,556|83,732|1,377,358|1,454,353|
|Fund balances carried||||||||
|forward|||1,250,134||84,838|1,334,972|1,377,358|
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||||Notes|2023f|2023f|2022
f|2022
f|
|---|---|---|---|---|---|---|---|
|FIXEDASSETS||||||||
|Tangible Assets|||11||26,445||14,792|
|Intangible
Assets|||12||15,011||26,981|
|Investments|||13||803,057||899,698|
||||||844,513||941,471|
|CURRENT ASSETS||||||||
|Stocks||||38,006||29,050||
|Debtors|||14|96,032||66,087||
|Cash Deposits||||19,635||194,502||
|Cash at Bank and|in|Hand||471,703||271,942||
|||||625,376||561,581||
|Creditors: Amounts||falling||||||
|due within one year|||15|(134,917)||(125,694)||
|Net Current Assets|||||490,459||435,887|
|Total Assets less
Liabilities|Current||||1,334,972||1,377,358|
|Funds||||||||
|Capital Funds||||||||
|Endowments|||17||84,838||83,732|
|Income Funds||||||||
|Restricted
Funds|||18||||88,556|
|Unrestricted
Funds:||||||||
|Designated
Fund|||19|41,456||669,790||
|General
Fund||||1,208,678||535,280||
||||||1,250,134||1,205,070|
||||||1,334,972||1,377,358|
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||2023
I|2023|2022
I|2022
E|
|---|---|---|---|---|
|CASH FLOWS FROM OPERATING|||||
|ACTIVITIES|||||
|Net income/(expenditure)
for the|(42,386)||(76,995)||
|year|||||
|Adjustments
for:|||||
|Depreciation
charges|9,802||7,658||
|Loss on disposal offixed assets|||25||
|Amortisation
charges|11,970||11,969||
|Interest|(27,552)||(23,133)||
|(Gains)/losses
on investments|104,028||(106,928)||
|(Increase)/decrease
in stocks|(8,956)||916||
|(Increase)/decrease
in debtors|(29,945)||13,285||
|Increase/(decrease)
in creditors|9,223||29,709||
|NET CASH PROVIDED BY(USED||26,184||(143,494)|
|IN) OPERATING ACTIVITIES|||||
|CASH FLOWS FROM INVESTING|||||
|ACTIVITIES|||||
|Interest and dividends
received|27,552||23,133||
|Purchase oftangible
fixed assets
Purchase of investments|(21,455)
~7387||(10,482)
~8,288||
|NET CASH (USED IN) PROVIDED||(1,290)||6,393|
|BYINVESTING ACTIVITIES|||||
|Change
in cash and cash equivalents||24,894||(137,101)|
|in the year|||||
|Cash and cash equivalents
at the|||||
|beginning
ofthe year||466,444||603,545|
|Cash and cash equivalents
at the end
ofthe year||491,338||466,444|
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|VESTMENT INCOME|||
|---|---|---|
||Total|Total|
||2023|2022|
||E|E|
|Bank Interest|2,819|730|
|Income from Fixed Asset Investments|24,733|22,403|
||27,552|23,133|
|AISING FUNDS|||
||Total|Total|
||2023I|2022
E|
|Direct Staff Costs|53,336|62,748|
|Other Direct Costs|5,721|4,454|
|Support Costs (See Note 7)|30,771|29,605|
||89,828|96,807|
|All costs of raising funds are unrestricted.|||
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|||||||||Total|Total|
|---|---|---|---|---|---|---|---|---|---|
|||||||||2023
E|2022I|
|Direct Staff|Costs|||||||997,716|906,067|
|Other Direct|Costs|||||||324,001|207,190|
|Support Costs (See||Note 7)||||||575,602|427,487|
|||||||||1,897,319|1,540,744|
|SUPPORT COSTS||||||||||
|||||Raising||Charitable||Total|Total|
|||||FundsI||Activities||2023
E|2022
E|
|Staff Costs||||14,019.|||262,236|276,255|183,463|
|Premises Costs||||5,202|||97,319|102,521|103,041|
|Office Costs||||2,390|||44,717|47,107|37,372|
|Governance||||248|||4,632|4,880|4,250|
|Other Costs||||8,912|||166,698|175,610|128,966|
|||||30,771|||575,602|606,373|457,092|
|STAFF COSTS||||||||||
|||||||||Total|Total|
|||||||||2023I|2022I|
|Gross Salary|Costs|||||||1,089,180|960,067|
|Ex-gratia||||||||15,270||
|NIC Employer's||||||||123,322|101,169|
|Pension
Employer's||||||||99,535|91,042|
|||||||||1,327,307|1,152,278|
|The average|headcount||during|the year was:||||24.9|22.5|
|The average|number|ofstaff (full time equivalent)||||during the year||||
|was:||||||||22.3|20.4|
|The total employee||benefits ofthe Key Management|||||Personnel of|||
|the Charity,|defined|as the Senior Management|||Team||as identified|||
|in the Trustee Report were:||||||||366,962|553,954|
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|Total|Total|
|---|---|
|2023|2022|
##
|is is stated|after charging:|||
|---|---|---|---|
|||Total|Total|
|||2023|2022|
|||E|E|
|Auditors'|remuneration|||
|Statutory|audit —current year|4,250|3,650|
|Depreciation||9,802|7,658|
|Amortisation||11,970|11,969|
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||Fixtures B|Office|Computer||
|---|---|---|---|---|
||FittingsI|EquipmentI|EquipmentI|Total|
|Cost|||||
|At start of year|17,586|38,495|36,736|92,817|
|Additions||11,117|10,338|21,455|
|Disposals
At 31"March 2023|17,586|49,612|47,074|114,272|
|Depreciation|||||
|At start ofyear|17,080|34,880|26,065|78,025|
|Charge for the year|135|1,456|8,211|9,802|
|Disposals|||||
|At 31s March 2023|17,215|36,336|34,276|87,827|
|Net BookValues|||||
|At 31s March 2023|371|13,276|12,798|26,445|
|At 1"April 2022|506|3,615|10,671|14,792|
##
||CRM SystemI|
|---|---|
|Cost||
|At start ofyear|59,843|
|Additions||
|Disposals||
|At 31s March 2023|59,843|
|Amortisati on||
|At start ofyear|32,862|
|Charge for the year|11,970|
|Disposals||
|At 31"March 2023|44,832|
|Net BookValues||
|At 31"March 2023|15,011|
|At 1"April 2022|26,981|
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|XEDASSETS - INVESTMENTS|||
|---|---|---|
||Total|Total|
||2023f|2022
E|
|Market Value|||
|At 1"April 2022|899,698|786,512|
|Purchases|7,387|6,258|
|Disposals|||
|Gains / (Losses)|(104,028)|106,928|
|At 31s March 2023|803,057|899,698|
|||||2023||2022||
|---|---|---|---|---|---|---|---|
||||||MarKet||Market|
||||Costf||Value
E|Costf|Value
E|
|BlackRock Charites
Equity||UK|89,133||143,244|89,133|144,787|
|M Ik G Charifund|||152,213||155,935|144,826|157,054|
|CCLA COIF|||126,500||183,705|126,500|190,859|
|Epworth|AIF||78,986||82,128|78,986|86,646|
|Sarasin|Alpha CIF||126,500||156,470|126,500|168,411|
|Endava|pic||31,723||81,575|31,723|151,941|
||||605,055||803,057|597,668|899,698|
##
|EBTORS||||
|---|---|---|---|
|||Total|Total|
|||2023f|2022
E|
|Due Within One Year||||
|Trade Debtors||22,176|19,400|
|Prepayments
Other Debtors|and accrued income|73,553
303|39,504
7,183|
|||96,032|66,087|
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|REDITORS: Amounts
falling due within one yea|r||
|---|---|---|
||Total|Total|
||2023|2022|
||E|E|
|Trade Creditors|7,139|28,191|
|PAYE and Social Security costs|35,513|29,150|
|VAT|1,292||
|Accruals and Deferred Income|90973|68353|
||134,917|125,694|
##
|||Total|Total|
|---|---|---|---|
|||2023|2022|
|As at 1"April 2022||E
32,083|10,487|
|Released to the Statement of Financial|Activities|(32,083)|(10,487)|
|Deferred
in the current year
As at 31"March 2023||22,748
22,748|32,083
32,083|
##
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|2023||||Balance at 1n|Movement|in Funds|Balance at31e|
|---|---|---|---|---|---|---|---|
|||||April 2022|Income|Gains/|March 2023|
|||||||(Losses) on||
|||||||Investments||
|||||||E||
|Endowment|Fund|8r|Legacy|||||
|Contingency|Fund|||83,732|5,216|(4,110)|84,838|
|||||83,732|5,216|4,110|84,838|
|2022||||Balance at ln|Movement|in Funds|Balance at31"|
|||||April 2021|Income|Gains/|March 2022|
|||||||(Losses) on||
|||||||Investments||
|||||||E'||
|Endowment|Fund|8r|Legacy|||||
|Contingency|Fund|||70,583|4,230|8,919|83,732|
|||||70,583|4,230|8,919|83,732|
##
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|2023||||||||
|---|---|---|---|---|---|---|---|
||||Balance at
le April|Income|Expenditure|Transfers/
Gains on|Balance at
31eMarch|
||||2022|||Investments|2023|
||||||I|E|I|
|Principal||trust funds||||||
|Dick Bird||Fund|4,509|281|(4,569)|(221)||
||||4,509|281|(4,569)|(221)||
|Otherfunds||||||||
|Imagine||Project||14,943|(14,943)|||
|The Workplace||||5,770|(5,770)|||
|Bible (k Culture||||1,749|(1,749)|||
|Queen project||||17,673|(17,673)|||
|Sustaining
Disciples||Transformative|40,825|21,200|(62,025)|||
|Emerging||generations||160,264|(160,264)|||
|Growing||on the Frontline|43,222||43,222|||
||||84,047|221,599|(305,646)|||
||||88,556|221,880|310,215)|221||
|2022||||||||
||||Balance at
1eApril|Income|Expenditure|Transfers/
Gains on|Balance at
31aMarch|
||||2021I|||Investments
E|2022
E|
|Principal||trust funds||||||
|Dick Bird||Fund|7,948|476|4,919|1,004|4,509|
||||7,948|476|(4,919)|1,004|4,509|
|Other funds||||||||
|Imagine|Project|||7,681|(7,681)|||
|The Workplace||||24,630|(24,630)|||
|Bible (k Culture||||17,150|(17,150)|||
|CR)4 System|||26,503||(26,503)|||
|Sustaining
Disciples||Transformative|40,265|156,200|(155,640)||40,825|
|Growing|on the Frontline||19,170|34,370|(10,318)||43222|
||||85,938|240,031|(241,922)||84,047|
||||93,886|240,507|(246,841)|1,004|88,556|
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|19.|DESIGNATED FUNDS|(continued)|||||
|---|---|---|---|---|---|---|
||2022|Balance at
is April|Income
And New|Utiiised
During|Transfers/
Gains on|Balance
at31a|
|||2021|Allocations|Year|Investments|March|
|||||||2022I|
||Resource Development
ik Infrastructure|375,000|125,000|||500,000|
||Setting God's People
Free Project|150,000||(150,000)|||
||Premises Reserve|125,000||||125,000|
||Staff Recruitment|30,000||||30,000|
||Fixed Asset Fund|11,994
E691,994|2 796
127,796|~150,0IIO||14,790
669,790|
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|ANALYSIS OF NET AS|SETS B|ETWEEN FUNDS||||
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Endowment||
|||Funds|Funds|Funds|Total|
|Fund balances at31' March||E|E|E|E|
|2023are represented|by|||||
|Tangible
Fixed Assets
Intangible
Fixed Assets||26,444
15,012|||26,444
15,012|
|Investments||718,219||84,838|803,057|
|Net Current Assets||490,459|||490,459|
|Net Total Net Assets||1,250,134||84,838|1,334,972|
|||Unrestricted|Restricted|Endowment||
|||Funds|Funds|Funds|Total|
|Fund balances at 31'|March|E|E|E|E|
|2022 are represented|by|||||
|Tangible
Fixed Assets
Intangible
Fixed Assets
Investments||14,792
26,981
811,457|4,509|83,732|14,792
26,981
899,698|
|Net Current Assets||351,840|84,047||435,887|
|Net Total Net Assets||1,205,070|88,556|83,732|1,377,358|
##
|HER FIN|ANCIA|L COM|MITMENTS|||
|---|---|---|---|---|---|
|||||Land and|Buildings|
|||||2023|2022|
|||||E|E|
|Contracts|ending|in less|than One Year|73,000||
|Contracts|ending|within|One toTwo Years|127,750||
|||||200 750|rII|
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|23. COMPARATIVE
ST|ATEME|NT OF FINANCI|AL ACTIVITI|ES|||
|---|---|---|---|---|---|---|
|||Unrestricted|Restricted|Endowment|2022|2021|
||Notes|Funds
E|Funds
E|Funds
E|Total|TotalI|
|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||18,427|478|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|98,807|||96,807|48,232|
|Charitable
Activities|6|1,293,903|248,841||1,540,744|1,453,135|
|Total Expenditure||1390710|248 841||1,$37,551|1 5$1 387|
|Net Income/(Expenditure)|||||||
|before gains/(losses)
on|||||||
|Investments|9|(181,819)|(8,334)|4,230|(183,923)|135,761|
|Other Recognised Gains|||||||
|and Losses|||||||
|Net gains on Investments|13|97,005|1,004|8,919|106,928|177,184|
|Net Income/(Expenditure)||(84,814)|(5,330)|13,149|(76,995)|312,945|
|Transfers between
funds|||||||
|Net Movement
in Funds||(84,814)|(5,330)|13,149|(76,995)|312,945|
|Fund balances brought|||||||
|forward||1,289,884|93,886|70,583|1,454,353|1,141,408|
|Fund balances carried|||||||
|forward||1,205,070|88,556|83,732|1 377,35$|1,454,353|