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|REFERENCE AND|REFERENCE AND|REFERENCE AND|ADMINISTRATIVE<br>DETAILS OF THE COMPANY, ITSTRUSTEES AND ADVISERS|ADMINISTRATIVE<br>DETAILS OF THE COMPANY, ITSTRUSTEES AND ADVISERS|ADMINISTRATIVE<br>DETAILS OF THE COMPANY, ITSTRUSTEES AND ADVISERS|ADMINISTRATIVE<br>DETAILS OF THE COMPANY, ITSTRUSTEES AND ADVISERS|
|---|---|---|---|---|---|---|
||||(CONTINUED)||||
||||FOR THE YEAR ENDED|||31 MARCH 2022|
|Executive|Team||Rev TPowell, National||Presiding|Bishop|
||||Rev M Wilson, Corporate Administrator||||
||||Mrs A Taylor, Trustee||||
||||Rev BMorris, Honorary||Treasurer||
||||Ms A Mason, Office Manager||||
||||Rev J Fletcher, Trustee||||
||||Mr D Orgill,<br>Interim Corporate Accountant||||
||||Rev A Reid, Trustee||||
||||Rev P McCalla, Regional Overseer||||
||||Rev RVeira, Regional|Overseer|||
||||Rev EWilliams,<br>Regional Overseer||||
||||Rev J Atherley,<br>Regional Overseer||||
||||Rev L Rowe, Regional|Overseer|||
||||Rev D Bailey, Regional||Overseer||
||||Rev P Rochester, Regional Overseer||||
||||Rev K Schafer, Regional Overseer||||
||||Rev L Graham,<br>Pastor,||Trustee||
||||Rev N Fletcher, Pastor,||C~ptee||
||||Rev M Douglas, Trustee||||
|Company|secretary||Mrs A Taylor||||
|Independent||auditors|PKF Smith Cooper Audit Limited||||
||||Statutory Auditors||||
||||158Edmund<br>Street||||
||||Birmingham||||
||||B32HB||||
|Bankers|||National Westminster|Bank|||
||||2St. Phillips Place||||
||||Birmingham||||
||||West Midlands||||
||||B32RB||||
||||Barclays Bank pic||||
||||PO Box16294||||
||||1-2Trinity||||
||||Chingford||||
||||E48US||||
|Solicitors|||Harris &Harris||||
||||14Market Place||||
||||Wells||||
||||Somerset||||
||||BAS2RE||||





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|||||Unrestricted|Restricted|Total|Total|
|---|---|---|---|---|---|---|---|
|||||funds|funds|funds|funds|
||||Note|2022<br>f|2022|2022<br>6|2021|
|Income from:||||||||
|Donations<br>and legacies|||4|3,017,399||3,017,399|2912,012|
|Charitable<br>activities|||5|893,592||893,592|802,705|
|Investments|||6|58,274||58,274|52,423|
|Total income||||3,969,265||3,969,265|3,767,140|
|Expenditure<br>on:||||||||
|Charitable<br>activities|||7|3,588,796||3,588,796|3,380,801|
|Total expenditure||||3,588,796||3,588,796|3,380,801|
|Net movement<br>in funds before||other||||||
|recognised<br>gains||||380,469||380,469|386,339|
|Other recognised gains:||||||||
|Investment<br>property|revaluation|gain|13|162,500||162,500|185,726|
|Net movement<br>in funds||||542,969||542,969|572,065|
|Reconciliation<br>offunds:||||||||
|Total funds brought|forward||19|13,273,504|577,579|13,851,083|13,279,018|
|Net movement<br>in funds|||19|542,969||542,969|572,055|
|Total funds carried forward||||13,816,473|577,579|14,394,052|13,851,083|





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|||||||2022|2021|
|---|---|---|---|---|---|---|---|
||||Note|||E|8|
|Fixed assets||||||||
|Tangible assets|||12|||9,361,852|9,142,902|
|Investment<br>property|||13|||1,987,500|1,825,000|
||||||11,349,352||10,967,902|
|Current assets||||||||
|Debtors|||14|99,373|||115,488|
|Cash at bank and in hand|||22|3,812,389|||3,681,379|
|||||3,911,762|||3,796,867|
|Creditors: amounts|falling|due within one||||||
|year|||15|(541,478)|||(420,071J|
|Net current assets||||||3,370,284|3,376,796|
|Total assets less current liabilities|||||14,719,636||14,344,698|
|Creditors: amounts|falling|due after more||||||
|than one year|||16|||(325,584)|(493,615)|
|Total net assets|||||14,394,052||13,851,083|
|Charity funds||||||||
|Restricted funds|||18|||577,579|577,579|
|Unrestricted<br>funds|||18||13,816,473||13,273,504|
|Total funds|||||14,394,052||13,851,083|
|The financial<br>statements||were approved|and authorised|for issue by|the|Trustees and|signed on their behalf by:|
|Bishop Tedroy Powell||||i|op|Bernard Morris (Treasurer)||
|Trustee<br>'||''||Tr stee||||





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||Unrestricted|Total|
|---|---|---|
||funds|funds|
||2022|2022|
||E|E|
|Donations|2,944,769|2,944,769|
|Grants|72,630|72,630|
||3,017,399|3,017,399|



||Unrestricted|Total|
|---|---|---|
||funds|funds|
||2021|2021|
||E|E|
|Donations|2,810,047|2,810,047|
|Grants|101,965|101,965|
||2912,012|2,912,012|



## 

||Unrestricted|Total|
|---|---|---|
||funds|funds|
||2022|2022|
||E|E|
|Ministries|469,471|469,471|
|Nursery|294,243|294,243|
|Rent|129,878|t29,878|
||893,592|893,592|





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## 

||Unrestricted|Total|
|---|---|---|
||funds*|funds|
||2021f|2021f|
|Ministries|373,215|373,215|
|Nursery|291,795|291,795|
|Rent|137,695|137,695|
||802 705|802,705|



## 

||||||Unrestricted|Total|
|---|---|---|---|---|---|---|
||||||funds|funds|
||||||2022f|2022f|
|Rental|income|-|investment|properties|58,274|58,274|
||||||Unrestricted|Total|
||||||funds|funds|
||||||2021f|2021f|
|Rental|income|-|investment|properties|52423|52,423|





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||Unrestricted||
|---|---|---|
||funds|Total|
||2022|2022|
|||6|
|Worship/Ministries|855,745|855,745|
|Discipleship|362,503|362,503|
|Social Action|213,294|213,294|
|Stewardship|1,598,240|1,598,240|
|Mission|281,835|281,835|
|Nursery|277,179|277,179|
||3,588,796|3,588,796|
||Unrestricted||
||funds|Total|
||2021|2021|
||5|5|
|Worship/Ministries|694,165|694,165|
|Discipleship|381,341|381,341|
|Social Action|241,835|241,835|
|Stewardship|1,455,431|1,455,431|
|Mission|316,070|316,070|
|Nursery|291,959|291,959|
||3,380,801|3,380,801|





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||Activities|||
|---|---|---|---|
||undertaken|Support|Total|
||directly|costs|funds|
||2022|2022|2022|
||6|6|8|
|Worship/Ministries|855,745||855,745|
|Discipleship|362,503||362,503|
|Social Action|213,294||213,294|
|Stewardship|689,896|908,344|1,598,240|
|Mission|281,835||281,835|
|Nursery||277,179|277,179|
||2,403,273|1,185,523|3,588,796|



||Activities|||
|---|---|---|---|
||undertaken|Support|Total|
||directly|costs|funds|
||2021f|2021f|2021|
|Worship/Ministries|694,165||694,165|
|Discipleship|381,341||381,341|
|Social Action|241,835||241,835|
|Stewardship|546,996|908,435|1,455,431|
|Mission|316,070||316,070|
|Nursery||291,959|291,959|
||2 180,407|1,200,394|3,380,801|





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||||||Steward-||Total|
|---|---|---|---|---|---|---|---|
||||||ship|Nursery|funds|
||||||2022f|2022f|2022f|
||Staff costs||||553,622|206,486|760,108|
||Depreciation||||274,798|5,387|280,185|
||Interest of|loans|||37,232||37,232|
||Accountancy|||||2,750|2,750|
||Legal and|professional||fees||5,082|5,082|
||Other nursery costs|||||57,474|57,474|
||Governance||costs||42,692||42,692|
||||||908,344|277,179|1,185,523|
||||||||Total|
||||||Stewardship|Nurserir|funds|
||||||2021f|2021f|2021f|
||Staff costs||||529,851|202,395|732,246|
||Depreciation||||276,305|7,187|283,492|
||Interest on|loans|||39,08S||39,086|
||Accountancy|||||2,874|2,874|
||Legal and|professional||fees||6,573|6,573|
||Other nursery costs|||||72,930|72,930|
||Governance||costs||63,193||63,193|
||||||908,435|291,959|1,200,394|
|9.|Auditors'|remuneration||||||
|||||||2022|2021f|
||Fees payable (excluding|||VAT) to the Company's|auditor for the audit ofthe|||
||Company's||annual accounts|||17,750|17,250|





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|The average|The average|number of|persons employed|by the Company|during the year was as follows:||
|---|---|---|---|---|---|---|
||||||2022|2021|
||||||No.|No.|
||||||105|109|
|The average||headcount|expressed as full-time equivalents||was:||
||||||2022|2021|
||||||No.|No.|
|Presiding|Bishop||||1|1|
|Pastors|||||26|26|
|Other staff|||||27|27|



|2022|2021|
|---|---|
|No.|No.|
|105|109|



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||Land and|Motor|Fixtures|Church|Nursery||
|---|---|---|---|---|---|---|
||buildings|vehicles|and fittings|contents|assets|Total|
||6|||6|6||
|Cost|||||||
|At 1 April 2021|10,050,841|180,581|640,882|1,442,332|116,573|12,431,209|
|Additions|420,639||18,477|60,019||499,135|
|At 31 March 2022|10,471,480|180,581|659,359|1,502,351|116,573|12,930,344|
|Depreciation|||||||
|At 1 April 2021|1,310,985|169,956|585,891|1,126,451|95,024|3,288,307|
|Charge for the year|203,352|5,474|16,308|49,664|5,387|280,185|
|At 31 March 2022|1,514,337|175,430|602,199|1,176,115|100,411|3,568,492|
|Net book value|||||||
|At 31 March 2022|8,957,143|5,151|57,160|326,236|16,162|9,361,852|
|At 31March 2021|8,739,856|10,625|54,991|315,881|21,549|9,142,902|



||2022|2021|
|---|---|---|
|Freehold|6,915,364|6,650,246|
|Leasehold|2,041,779|2,089,610|
||8,957,143|8,739,856|





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||Freehold|
|---|---|
||investment|
||property|
||5|
|Valuation||
|At 1 April 2021|1,825,000|
|Surplus on revaluation|162,500|
|At 31 March 2022|1,987,500|



## 

|||2022|2021|
|---|---|---|---|
|||5|5|
|Due after more than one year||||
|Other debtors||40,000|40,000|
|||40,000|40,000|
|Due within one year||||
|Trade debtors||25,739|30,725|
|Other debtors||23,132|38,389|
|Prepayments|and accrued income|10,502|5,374|
|||99,373|115,488|





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||||2022|2021|
|---|---|---|---|---|
||||E||
|Bank loans|||132,221|128,488|
|Otherloans|||80,300||
|Trade creditors|||41,926|43,198|
|Other taxation and social security|||22,087|28,039|
|Obligations<br>under finance lease and hire purchase||contracts|9,536|10,078|
|Other creditors|||85,296|84,048|
|Accruals and deferred|income||170,112|128,222|
||||541,478|420,071|





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|||2022|2021|
|---|---|---|---|
|||6||
|Bank loans||252,842|324,859|
|Otherloans||64,000|144,300|
|Net obligations|under finance lease and hire purchase contracts|8,742|24,456|
|||325,584|493,615|



|||||2022|2021|
|---|---|---|---|---|---|
|||||6||
|Payable|or|repayable|by instalments|252,842|324,859|
|Payable|or|repayable|other than by instalments|84,000|144,300|
|||||316,842|459,159|





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|||||2022|2021|
|---|---|---|---|---|---|
|||||8|8|
|Financial|assets|||||
|Financial|assets measured||at amortised cost|88,871|109,114|
|||||2022|2021|
|||||8||
|Financial|liabilities|||||
|Financial|liabilities|measured|at amortised cost|678,672|752,390|





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|Summary|offunds - current ye|ar|||||
|---|---|---|---|---|---|---|
|||||||Balance at|
|||Balance at 1|||Gains/|31 March|
|||April 2021|Income|Expenditure|(Losses)|2022|
|||K|6|6|5|6|
|General funds||13,273,504|3,969,265|(3,588,796)|162,500|13,816,473|
|Restricted|funds|577,579||||577,579|
|||13,851,083|3,969,265|(3,588,796)|162,500|14,394,052|
|Summary|offunds - prior year||||||
|||||||Balance et|
|||Balance at|||Gainer|31Mamh|
|||1April 2020|Income|Expenditure|(Losses)|2021|
|||E|E|||E|
|General funds||12,701,439|3,767,140|(3,380,801)|185,726|13,273,504|
|Restricted|funds|577,579||||577,579|
|||13279018|3,767,140|(3380801)|185,726|13,851,083|



|Analysis|ofnet assets between funds - current|year|||
|---|---|---|---|---|
|||Unrestricted|Restricted|Total|
|||funds|funds|funds|
|||2022|2022|2022|
|||5|6|8|
|Tangible fixed assets||9,361,852||9,361,852|
|Investment|property|1,987,500||1,987,500|
|Debtors due after more than one year||40,000||40,000|
|Current assets||3,294,183|577,579|3,871,762|
|Creditors|due within one year|(541,478)||(541,478)|
|Creditors|due in more than one year|(325,584)||(325,584)|
|Total||13,816,473|577,579|14,394,052|





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||Analysis ofnet as|set||s between|funds - prior year||||
|---|---|---|---|---|---|---|---|---|
|||||||Unrestricted|Restricted|Total|
|||||||funds|funds|funds|
|||||||2021|2021|2021|
|||||||6|||
||Tangible fixed assets|||||9,142902||9, 142,902|
||Investment<br>property|||||1,825,000||1,825,000|
||Debtors due after more than one||||year|40,000||40,000|
||Current assets|||||3,179,288|577,579|3,756,867|
||Creditors due within|one year||||(420,071)||(420,071)|
||Creditors due in more||than one year|||(493,615)||(493,615)|
||Total|||||13,273,504|577,579|13,851,083|
|21.|Reconciliation<br>of|net||movement|in funds to net cash flow from operating||activities||
||||||||2022f|2021|
||Net income for the|year (as per Statement ofFinancial Activities)|||||380,469|386,339|
||Adjustments<br>for:||||||||
||Depreciation<br>charges||||||280,185|283,492|
||Net interest paid||||||37,232|39,086|
||(Increase)<br>/ decrease||in debtors||||16,115|(1,097)|
||(Decrease) / increase|||in creditors|||37,916|55,709|
||Net cash provided|by||operating|activities||751,917|763,529|
|22.|Analysis ofcash and|||cash equivalents|||||
||||||||2022|2021|
||||||||6|6|
||Cash in hand||||||3,812,389|3,681,379|
||Total cash and cash||equivalents||||3,812,389|3,681,379|





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|||2022|2021|
|---|---|---|---|
||||5|
|Within|1 year|14,329|10,525|
|Between<br>1 and 5years||28,881|8,137|
|Later|than 5years|100,400|101,600|
|||143,610|120,262|






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