|Reference and Administrative
Details||||
|---|---|---|---|
|Report ofthe Trustees|2|to|9|
|Report ofthe Independent
Auditor|10|to|11|
|Statement ofFinancial Activities||12||
|Balance Sheet||13||
|Cash Flow Statement||14||
|Notes to the Cash Flow Statement||||
|Notes to the Fiaancial Statements|16|to|23|
|Detailed Statement ofFinancial Activities|24|to|25|
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|||||31.321|31.3.20|
|---|---|---|---|---|---|
|||||Unrestricted|Total|
|INCOME AND ENDOWMENTS||FROM|Notes|fundf|funds|
|Donations
and legacies||||1,400,482|1,464,143|
|Other trading activities
Other income||||38379
~19 50|372,944
28,298|
|Total||||1,458,211|1,865,385|
|EXPENDITURE ON||||||
|Raising funds||||569|82,295|
|Charitable
activities||||||
|Charitable||||1,267,123|1,638,773|
|Other|||||2400|
|Total||||1,267,692|1,723,468|
|NET INCOME||||190,519|141,917|
|RECONCILIATION|OFFUNDS|||||
|Total funds brought forward||||5,272,246|5,130,329|
|TOTAL FUNDS CARRIED FORWARD||||5,462,765|5,272,246|
##
|||31.3.21|31.3.20|
|---|---|---|---|
|||Unrests1cted|Total|
|||fund|fonda|
||Notes|||
|FIXEDASSETS||||
|Tangible assets
lnvestinents|10
ll|9,401,285
27000|9,438,266
54,000|
|||9,42&,285|9,492.266|
|CURRENT ASSETS||||
|Debtors
Prepayments
and accrued income
Cash at bank||83,764
12,099
435754|80,877
6,381
155753|
|||5349697|243,011|
|CREDITORS||||
|Amounts
falling due within one year|13|(248,009)|(195,641)|
|NET CURRENI' ASSETS||286,688|47,370|
|TOTAL ASSKTSLESSCURRENT LIABILITIES||9,714,973|9,539,636|
|CREDITORS||||
|Amounts
falling due after more than one year|14|(4,252,208)|(4,267,390)|
|NET ASSETS||5,462 765|5272,246|
|FUNDS|18|||
|Unrestricted
funds||~462,765|\272.246|
|TOTAL FUNDS||~462765|5272246|
##
##
|||||31,3.21|31.3.20|
|---|---|---|---|---|---|
||||Notes|||
|Cash flows from operating
activities||||||
|Cash generated
from operations||||309,039|169960|
|Nct cash provided by operating
activities||||309,039|169,960|
|Cash flows from investing|activities|||||
|Purchase oftangible fixed assets
Sale offixed asset investments||||(41,577)
27,000|(47,734)
31,000|
|blet cash used. in investing|activities|||~I457|~16,734)|
|Cash flows from financing|acdvlties|||||
|New loans in year
Loan repayments
in year
Capital repayments
in year||||~II
81|68,606
(150,364)
~11,382|
|Net cash used in financing|activities|||~11 81)|~93,140)|
|Change in cash and cash|equivalents|in the||||
|reporting
period
Cash and cash equivalents|at the beginning of|||283,081|60,086|
|the reporting
period||||155,753|95 667|
|Cash and cash equivalents|at the end|ofthe||||
|reporting
period||||438834|155,753|
##
##
|Year Ended 31March|Year Ended 31March|2021|2021||||
|---|---|---|---|---|---|---|
|RECONCILIATION||OFNET INCOME TONET CASH||PLOW FROM OPERATING|ACTIYITIES||
||||||31.3.21|31.3.20|
|Net income for the
Adjustments
for:|reporting||period (as per tbe Statement|ofFinancial Activities)|190,519|141,9(7|
|Depreciation
charges
(Increase)/decrease
iu debtors
Increase/(decrease)
in creditors|||||78,558
(8,605)
48467|87,803
1,373
~61,133|
|Net cash provided|by|operations|||~309 039|169960|
|ANALYSIS OF CHANGES|||IN NET DEBT||||
|||||At 1.4.20|Cash flow|At31.3.21|
|||||6|||
|Net cash|||||||
|Cash at bank||||~155753|~283 081|438,834|
|||||~155753|283,081|~438834|
|Debt|||||||
|Finance leases
Debts falling due within
Debts falling due after||1 year
1 year||(68,606)
(146,274)
(4~l9S,7S4|11&381
~3801|(57,225)
(146,274)
(4~194983|
|||||(4~413,664|~15182|(4~98&482|
|||||(4~&257,911|~298 263|(3~959,648|
##
##
##
##
##
##
##
##
##
|for t|
he Year Ended 31March 2021|||
|---|---|---|---|
|2,|DONATIONS
AND LEGACIES|||
|||31.3,21|31.3.20|
||Tithes, offerings &donations
Gift aid
Grants|1,060303
217834
~122845|1,176,849
287,294|
|||~1,400482|1,464 143|
||Grants received, included
in the above, are as fol!ows:|||
|||31.3.21|31,3.20|
||Other grants|~122 845||
|3.|OTHER TRADING ACTIVITIES|||
|||31.3,21|31.3.20|
||Conferences
&.Camp meetings
Fundraising
Hall hire &.rentals
Rent receivable|8&579
1,800
28,000|173,315
Il,605
160,024
28,000|
|||~38 379|372,944|
|4.|RAISING FUNDS|||
||Raisiag donations
and legacies|||
|||31.3.21|31.3.20|
||Conferences &camp meetings
Media, CDs &Resources|569|79,425
~2870|
|||569|82,295|
##
##
##
##
|CHARITA|BLE ACTIVITIES COSTS||||
|---|---|---|---|---|
||||Support||
|||Direct|costs (see||
|||Costs|note 6)|Totalsf|
|Charitable||745,104|522,019|~1,267 123|
|SUPPORT|COSTS||||
|||||information|
|||Management|Finance|technology|
|Charitable||195,237|152&948|1,793|
|||Human|Governance||
|||resourtas|costs|Totals|
|Charitable||~137212|~34829|522,D19|
##
##
|Trustees' expenses pa
STAFF COSTS|id during the year was|fNil
( Year
ended 31March 2020 -fN|il)||
|---|---|---|---|---|
||||31.3.21|31.3.20|
|Wages and salaries|||434,328|410,537|
|Social security costs|||40&722|42,124|
|Other pension costs|||7,D29|~704 1|
||||~482 079|459,702|
|The average monthly|uuznber ofemployees|during the year wss as follows:|||
||||31.3.21|31.3.20|
|Charitable
and pastoral|||7|7|
|Support and administration.||||5|
||||13|12|
##
##
|COMPARATIVES F|ORTHE STATEMENT OF FINAN|CIAL ACTIVITIES|||
|---|---|---|---|---|
|||||Unrestricted|
|||||fund|
|INCOME AND ENDOWMENTS FROM|||||
|Donations
and legacies||||1,464,143|
|Other trading activities
Other income||||372,944
28298|
|Total||||1,865,385|
|EXPENDITURE ON|||||
|Raising funds||||82,295|
|Charitable
activities|||||
|Charitable||||1,638,773|
|Other||||~2400|
|Total||||1,723,468|
|NET INCOME||||141,917|
|RECONCILIATION|OF FUNDS||||
|Total funds brought forvrard||||5,130,329|
|TOTAL FUNDS CARRIED FORWARD||||5372346|
|TANGIBLE FIXEDASSETS|||||
|||Freehold|Short|Plant and|
|||property|leasehold|machinery|
|COST|||||
|At l April 2020
Additions||9425,793|110,859|1,464,618
~16728|
|At 31 March 2021||9325,793|~110859|~1,481 346|
|DEPRECIATION|||||
|At l April 2020
Charge foryear||345,069|4,530|1,226,179
~51033|
|At31 March 2021||~345069|M30|1,277,212|
|NET BOOK VALUE|||||
|At 31March 2021||~8980724|106329|~204 134|
|At 31March 2020||~8,980724|~106329|238,439|
|Notes t|the Financial Statements|-continued|||||
|---|---|---|---|---|---|---|
|for the|Year Ended 31March 2|21|||||
|10.|TANGIBLE FIXEDASSETS-continued||||||
|||||Fixtures|||
|||||and|Motor||
|||||fittings|vehicles|Totals|
||||||f.||
||COST||||||
||At 1April 2020
Additions|||82,460
~24 849|117,431|11,101,161
41,577|
||At 31 March 2021|||~107309|117,431|~11142,738|
||DEPRECIATION||||||
||At 1April 2020
Charge foryear|||28,164
~15829|58,953
11,696|1,662,895
78,558|
||At 31 March 2021|||43,993|70,649|~1741,453|
||NET BOOKVALUE||||||
||At 31March 2021|||63316|46,782|~9401)285|
||At 31March 2020|||54296|58,478|9,438,266|
|11.|F'IXEDASSETINVESTMENTS||||||
||||||31.3.21|31.3.20|
||Other||||~27 000|54,000|
||There were no investment|assets outside|the UK.||||
||investments
(neither listed|nor unlisted)|were as follows:||||
||||||31.3.21|31.3.20|
||Investments
and projects||||~27 000|~54000|
|12.|DEBTORS:AMOUNTS|FALLING DUE WITHIN ONE YEAR|||||
||||||31.3.21|3l..3.20|
||Other debtors||||28,794|15,592|
||Gift aid receivable||||~54970|65,285|
||||||~83 764|80,877|
##
##
|13.|CREDITORS: AMOUNT|S FALLING DUE WITHIN ONE YEAR|||
|---|---|---|---|---|
||||31.3,21|31.3.20|
||Bank loans and overdrails
(see note 15)
Trade credimrs
Taxation and social security
Other creditors||146474
5,352
83,154
13,229|146,274
9,538
32,543
~7286|
||||~248 009|195,641|
|14,|CREDITORS: AMOUNTS FALLING DUEAFI'ER MORE THAN ONE YEAR||||
||||31.321|31.3.20|
||||5||
||Bank loans (see note 15)
Finance leases (see nate 16)||4,194,983
~57225|4,198,784
~68606|
||||~4,252 208|4,267,390|
|15.|LOANS||||
||An analysis ofthe maturity|ofloans is given below:|||
||||31321|31.3.20|
||Amounts
falling due within|one year on demand:|||
||Bank loans||~146 274|146,274|
||Amounts
falling between
one and two years:||||
||Bank loans - 1-2years||~292 548|~292 548|
||Amounts
falling due in more than five years;||||
||Repayable by instalments;||||
||Bank loans mare 5yr by instal||3,902,435|3,906,236|
||LEASING AGREEMENTS||||
||Minimum
lease payments
under finance leases fall due as follows:||||
||||Finance|leases|
||||31.3.21|31.3.20|
||||5||
||Net obligations
repayable:||||
||Between one and five years||578225|~68 606|
##
##
||||||31.3.21|31.3.20|
|---|---|---|---|---|---|---|
|Bank loans|||||~441457|4345 058|
|The bank loans are secured by||fixed charges over the chanty's||freehold properties.|||
|MOVEMENT IN FUNDS|||||||
||||||Net||
||||||movement|At|
|||||At 1.4.20|in funds|31,3.21|
|Unrestricted|funds||||||
|General fund||||5,272,246|190,519|5)462,765|
|TOTALFUNDS||||5,272,246|~190519|~5462,765|
|Net movement|in funds, included||in the above are as foHows:||||
|||||Incoming|Resomces|Movement|
|||||resources|expended|in funds|
|Unrestricted|funds||||||
|General fund||||1,458,211|(1,267,692)|190,519|
|TOTAL FUNDS|||||||
|Comparatives|for movement|in|funds||||
||||||Net||
||||||movement|At|
|||||At 1.4.19|in funds|31.3.20|
||||||6||
|Unrestricted|funds||||||
|General fund||||5,130,329|141,917|5,272,246|
|TOTAL FUNDS||||~5130,329|~141 917|5,272,246|
##
##
||||Incoming|Resources|Movement|
|---|---|---|---|---|---|
||||resources|expended|in funds|
|||||f.||
|Unrestricted|funds|||||
|General fund|||1,865,385|(1,723,468)|141,917|
|TOTALFUNDS|||1,865385|~1723,468)|141,917|
|A current year|12months|and prior year 12months|combined position is as follows'.|||
|||||Net||
|||||movement|At|
||||At 1.4.19|in funds|31.3.21|
|Unrestricted|funds|||||
|General fund|||5,130,329|332,436|5,462,765|
|TOTAL FUNDS|||5 130,329|332,436|~5,462 765|
|||Incoming|Resources|Movement|
|---|---|---|---|---|
|||resources|expended|iu funds|
|||||8|
|Unrestricted|funds||||
|General fund||3,323,596|(2,991,160)|332,436|
|TOTAL FUNDS|||||
|REI.ATED|PARTY DISCLOSURES||||
|for the Year Ended 31|
March 2021|||
|---|---|---|---|
|||31.3.21|31.3.20|
|||f.||
|INCOME AND ENDOWMEIVTS||||
|Donations
and legacies||||
|Tithes, offerings &donabons
Gift aid
Grants||1)060303
217/34
~122845|l, 176,849
287,294|
|||1,400,482|1,464,143|
|Other trading
activities||||
|Conferences
&Camp meetings|||173.315|
|Fundra)sing
Hall bite &rentals
Rent receivable||8479
1,800
~28 000|11,605
160,024
28000|
|||38@79|372,944|
|Other income||||
|Sundry receipts
JR Scheme Grant||19,350|17,250
11,048|
|||~19350|28,298|
|Total incoming resources||1,458311|1,865,385|
|EXPENDITURE||||
|Raising denations
and|legacies|||
|Conferences &camp meetings|||79,425|
|Media, CDs &Resources||569|2,870|
|||569|82,295|
|Charitable
activities||||
|Wages||278,722|268,557|
|Social security||30,291|28,997|
|Pensions||4,525|4,438|
|Rates and water||127,195|166,556|
|Ministry &Outreach &|Media|70,696|126,710|
|Ministerial
services||93,108|96,368|
|Donations to charities||2,821|I1,308|
|Ministry and outreach||40,901|104,383|
|Music and church choir||2,620|42,260|
|Training
& community|projects|500|4,445|
|Security services||1,507|26,099|
|Website, internet &IT||12,644|I1,640|
|Carried forward||665,530|891,761|
##
|for the Year Ended 3|
1|
March 2021|||
|---|---|---|---|---|
||||31.3.21|31.3.20|
|Charitable
activities|||f||
|Brought forward
Hall hire k refunds
Plant and machinery
Fixtures and fittings
Motor vehicles|||665,530
1,016
51,033
15,829
~11696|891,761
76,367
59,610
13,574
14,619|
||||745,104|1,055,931|
|Support costs|||||
|Management|||||
|Insurance
Light and heat
Telephone
anting
aud publications
Licenses and snbscriptious
Repau, maintenance
dt cleaning
Travel
ttt motor expenses|||40,436
49,702
10,654
9,846
4,127
66,761
13,711|40,185
42,064
18,420
21,569
3,936
91,804
18,914|
||||195i237|236,892|
|Finance|||||
|Mortgage
interest
Bank th credit card charges|||138,526
~14422|160,864
22,999|
||||152,948|183,863|
|Information
teclmoiogy|||||
|Equipment
expensed|and rental||1.,793|3,?77|
|Human
resources|||||
|Wages|||124,946|120,467|
|Social security|||9)762|9,983|
|Pensions|||2,504|2,603|
||||137,212|133,053|
|Governance
costs|||||
|Accouuumcy|||30,660|21,513|
|Legal
61
professional||fees|669|3,144|
|Auditors'
remuneration|||3,500|3,500|
||||34,829|~28 157|
|Total resources expended|||~167,692|1,723,468|
|Net income|||~190519|~141917|