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|Contents|||Page|
|Report ofthe Trustees|||3to10|
|Independent
Examiner's||Report||
|Statement of Financial|Activities||12|
|Balance Sheet|||13|
|Notes Forming Part of|the Financial Statements||14to23|
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||Statement of|Statement of|Financial Activities as at 31|Financial Activities as at 31|March 2023||
|---|---|---|---|---|---|---|
|||Notes|Unrestricted|Restricted|Year ended|Year ended|
||||Funds|Funds|31.03.23|31.03.22|
||||||Total funds 6|Total funds F|
|Income and Endowments||from:|||||
|Donations|||145,875|76,688|222,563|202,908|
|Income Tax Recoverable|||21,283||21,283|23,519|
|Premises
Hire|||29,722||29,722|22,661|
|Investment|||619||619|94|
|Treehouse
Pre-school||8&9|123,143|27,753|150,896|97,614|
|Total|||320,642|104,441|425,083|346,796|
|Expenditure
on:|||||||
|Charitable
Activities:|||||||
|Leadership|||55,697||55,697|38,071|
|Worship
& Discipleship|||709||709|4,346|
|Neighbourhood|||1,901|77,936|79,837|43,657|
|Seniors||||209|209|40|
|Site Operations|||90,350||90,350|74,194|
|Repairs to church|||11,282||11,282|26,880|
|Generation
Next|||21,795|154|21,949|44,092|
|Outreach|||14,062||14,062|12,720|
|Treehouse||8&9|118,532|6,374|124,906|119,967|
|Depreciation|||4,000||4,000|4,000|
|Total|||318,328|84,673|403,001|367,967|
|Net Incomel|||2,314|19,768|22,082|(21,171)|
|(Expenditure)|||||||
|Transfer between funds|||6,665|(6,665)|||
|Net movement|in funds||8,979|13,103|22,082|(21,171)|
|Reconciliation|offunds:||||||
|Total funds brought|||215,128|39,864|254,992|276,163|
|forward|||||||
|Total funds carried|||224,107|52,967|277,074|254,992|
|forward|||||||
|Continuing
Operations|||||||
|All income and ex enditure||has arisen|from continuin|activities.|||
||Balance Sheet as|Balance Sheet as|at31stIlsrch 2023|at31stIlsrch 2023||
|---|---|---|---|---|---|
||Notes|Unrestricted|Restricted|Year ended|Year ended|
|||Funds|Funds|31.03.23|31.03.22|
|||||Total funds 5|Total funds R|
|Fixed Assets:||||||
|Tangible Assets|2|135,000||135,000|139,000|
|Current Assets:||||||
|Debtors||3,116||3,116|3,945|
|Cash at bank and in||88,902|52,967|141,669|115,522|
|hand||||||
|Total Current Assets||92,018|52,967|144,9&5|119,467|
|Liabilities:||||||
|Creditors: Amounts||1,920||1,920|1,920|
|falling due within one||||||
|year||||||
|Net Current Assets||9O,O98|52,967|143,065|117,547|
|Total Assets less||225,098|52,967|278,065|256,547|
|Current
Liabilities||||||
|Provision for liabilities
after one year||991||991|1,555|
|Total Net Assets||224,107|52,967|277,074|254,992|
|Funda||||||
|Restricted funds||||52,967|39,864|
|Unrestricted
funds||||224,107|215,128|
|Total Funds||||277,074|254,992|
|The financial statements|were approved|by the Board ofTrustees on..!.~..I...O..l..............|||and were|
|signed on its behalf by:||||||
|M Rogers - Finance Vision Leader||||||
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||||||||2023|2022|
|---|---|---|---|---|---|---|---|---|
|||||||||E|
|Church|premises|at insured||value|||3,328,481|3,081,926|
|Church|contents at insured|||value|||372,092|351,026|
|Total|||||||3,700,573|3,432,952|
|4.Debtors and||re a|ments||||||
||||||||2023|2022|
|Income|tax recoverable||on|gift|aid||835|2,144|
|Prepaid|Insurance||||||2,281|1,801|
|Total|||||||3,116|3,945|
|5.Creditors: amounts|||fallin||due within one||ear||
||||||||2023|2022|
||||||||F||
|Accrued|expenses||||||1,920|1,920|
|Other creditors|||||||||
|Total|||||||1,920|1,920|
|6.Provision for liabilities||||after one||ear|||
||||||||2023|2022|
||||||||6||
|Pension|(Scheme|1)(see note|||14)||991|1,555|
##
|difference b|etween
t|he average
number|in the text and
in the ta|ble.|
|---|---|---|---|---|
|Costs|||2023|2022|
|Wages and|salaries||236,200|215,866|
|Other Benefits|||8,478|7,192|
|Employer's|National|Insurance|10,714|8,840|
|Current Staff Pension||costs|5,009|4,447|
|Total|||260,401|236,345|
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||||Incoming|Resources|Net incoming/|Transfer|Funds|Funds|
|---|---|---|---|---|---|---|---|---|
||||Resources|Expended|(outgoing)|between|brought|carried|
||||||resources|funds|forward|forward|
|||||||E|||
|Something|Better|||209|(209)||862|653|
|Bridge the|Gap||59,305|69,977|(10,672)|(6,465)|35,501|18,364|
|Treehouse|Support||27,753|6,374|21,379||2,450|23,829|
|Money Management|||1,250|1,241|||897|906|
|Support|||||||||
|Youth Cafe|||||(154)||154||
|Boxing Club|||12,474|5,059|7,415|(200)||7,215|
|Community|Fair||3,659|1,659|2,000|||2,000|
|Total|||104,441|84,673|19,768|(6,665)|39,864|52,967|
|9.Unrestricted||funds|||||||
||||Incoming|Resources|Net incoming/|Transfer|Funds|Funds|
||||Resources|Expended|(outgoing)|between|brought|carried|
||||6||resources|funds|forward|forward|
||||||E|E|||
|Premises|||9,119||9,119||583|9,702|
|Refurbishment|||||||||
|Premises|||120||120||748|868|
|Development|||||||||
|Treehouse|||123,143|118,532|4,611||14,367|18,978|
|Women's|Ministry|||50|(50)||490|440|
|Youth|||955||955|(5,000)|10,000|5,955|
|General|||183,396|199,687|16,291|11,665|180,961|176,335|
|Brid cthe|Ga||3,909|59|3,850||7,979|11,829|
|Total|||320,642|318,328|2,314|6,665|215,128|224,107|
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|Where the scheme is in deficit and where|Where the scheme is in deficit and where|Where the scheme is in deficit and where|Where the scheme is in deficit and where|Where the scheme is in deficit and where|Where the scheme is in deficit and where|the|church has|church has|church has|agreed toa dehcit funding|agreed toa dehcit funding|agreed toa dehcit funding|agreed toa dehcit funding|arrangement|the|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|church recognises a liability||for this obligation. The amount|||||||||recognised|is the net|present value ofthe|||
|deficit reduction|contributions||payable||under the|||agreement|||that relates to the deficit. The present||||value|
|is calculated
using the discount rate detailed|||||||in these disclosures. The|||||unwinding|ofthe discount rate is|||
|recognised as a|finance cost.|||||||||||||||
|Present value of provision:|||31|March|2023||||2991|||||||
||||31|March|2022||||61,555|||||||
||||31|March|2021||||67,970|||||||
|Reconciliation
ofopening
and|||closing provisions:|||||||||||||
||||||||||Period||Ending|Period Ending||||
||||||||||31 March 2023|||31||March 2022||
|||||||||||(6)||||(~)||
|Provision at start|of period|||||||||1,555||||7,970||
|Unwinding
ofthe|discount factor|||(interest||||||||||||
|expense)||||||||||||||||
|Deficit contribution
paid||||||||||(566)||||(2,017)||
|Remeasurements|—impact of||any change|||in||||(26)||||(36)||
|assumptions||||||||||||||||
|Remeasurements|-amendments|||to the||||||||||(4,408)||
|contribution
schedule||||||||||||||||
|Provision at end|of period|||||||||991||||1,555||
|Income and Ex enditure
Im||act:||||||||||||||
||||||||||Period||Ending|Period Ending||||
||||||||||31 March 2023|||31||March 2022||
|Interest expense||||||||||28||||||
|Remeasurements|—impact of||any change|||in||||||||||
|assumptions||||||||||(26)||||(36)||
|Remeasurements|—amendments|||to the||||||||||||
|contribution
schedule||||||||||||||(4,408)||
|Contdibutions
paid
in respect||offuture service||||||||||||||
|Costs recognised|in income|and expenditure||||||||||||||
|account||||||||||||||||
|Assum
tions:||||||||||||||||
||31 March||2023%|||31|March||2022%||31 March 2021 %|||||
||per annum|||||per|annum||||per annum|||||
|Rate ofdiscount||5.52||||||2.35||||0.66||||
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|Statement|of Financial A|ctivities as|at31March 2022|||
|---|---|---|---|---|---|
||||Unrestricted|Restricted|Year ended 31.03.22|
||||Funds|Funds|Total funds|
||||E|E|E|
|Income and|Endowments|from:||||
|Donations|||139,470|63,438|202,908|
|Income Tax|Recoverable||23,519||23,519|
|Premises
Hire|||22,661||22,661|
|Investment||||||
|Treehouse
Preschool|||93,914|3,700|97,614|
|Total|||279,658|67,136|346,796|
|Expenditure|on:|||||
|Charitable
Activities:||||||
|Leadership|||38,071||38,071|
|Worship &Discipleship|||4,346||4,346|
|Neighbourhood|||1,104|42,553|43,657|
|Seniors|||40||40|
|Site Operations|||74,194||74,194|
|Repairs to church|||21,380|5,500|26,880|
|Generation|Next||43,864|228|44,092|
|Outreach|||12,720||12,720|
|Treehouse|||113,883|6,084|119,967|
|Depreciation|||4,000||4,000|
|Total|||313,602|54,365|367,967|
|Net Income/(Expenditure)|||(33,944)|12,773|(21,171)|
|Transfer between
funds|5,742|(5,742)||
|---|---|---|---|
|Net movement
in funds|(28,202)|7,031|(21,171)|
|Reconciliation offunds:||||
|Total funds brought forward|243,330|32,833|276,163|
|Total funds carried forward|215,128|39,864|254,992|
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